# EDGAR Filing Document

**Accession Number:** 0001506768
**File Stem:** 0000894189-25-013953
**Filing Date:** 2025-11
**Character Count:** 216772
**Document Hash:** 3f51619905a41f258d59358dd36c1d0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-013953.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0000894189-25-013953

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LOCORR INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0001506768

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22509
- **FILM NUMBER:** 251493575

**BUSINESS ADDRESS:**
- **STREET 1:** 687 EXCELSIOR BLVD
- **CITY:** EXCELSIOR
- **STATE:** MN
- **ZIP:** 55331
- **BUSINESS PHONE:** 952-767-6900

**MAIL ADDRESS:**
- **STREET 1:** 687 EXCELSIOR BLVD
- **CITY:** EXCELSIOR
- **STATE:** MN
- **ZIP:** 55331

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LoCorr Investment Trust
- **DATE OF NAME CHANGE:** 20101201

## Series and Classes Contracts Data

### LoCorr Hedged Core Fund (Series ID: S000084437)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000248819 | Class A      | LHEAX           |
| C000248820 | Class I      | LHEIX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** |
| **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **U.S. TREASURY SECURITIES - 31.4%** | **U.S. TREASURY SECURITIES - 31.4%** | **Par** | **Value**  |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 4.50%, 07/15/2026 | &nbsp;&nbsp; 4.50%, 07/15/2026 | 1220000 | $1226796 |
| &nbsp;&nbsp; 4.50%, 04/15/2027 | &nbsp;&nbsp; 4.50%, 04/15/2027 | 8304400 | 8407881 |
| &nbsp;&nbsp; 3.50%, 01/31/2028 | &nbsp;&nbsp; 3.50%, 01/31/2028 | 15170800 | 15132873 |
| &nbsp;&nbsp; 3.63%, 03/31/2028 | &nbsp;&nbsp; 3.63%, 03/31/2028 | 6210100 | 6212768 |
| &nbsp;&nbsp; 4.63%, 04/30/2029 | &nbsp;&nbsp; 4.63%, 04/30/2029 | 7961300 | 8216932 |
| &nbsp;&nbsp; 3.25%, 06/30/2029 | &nbsp;&nbsp; 3.25%, 06/30/2029 | 21316900 | 21002975 |
| &nbsp;&nbsp; 4.00%, 02/28/2030 | &nbsp;&nbsp; 4.00%, 02/28/2030 | 8210000 | 8307494 |
| &nbsp;&nbsp; 3.88%, 06/30/2030 | &nbsp;&nbsp; 3.88%, 06/30/2030 | 6100000 | 6138840 |
| &nbsp;&nbsp; 3.63%, 09/30/2030 | &nbsp;&nbsp; 3.63%, 09/30/2030 | 2870000 | 2856211 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $76,601,884) | **TOTAL U.S. TREASURY SECURITIES** (Cost $76,601,884) | **TOTAL U.S. TREASURY SECURITIES** (Cost $76,601,884) | 77502770 |
| **CORPORATE BONDS - 19.6%** | **CORPORATE BONDS - 19.6%** | **Par** | **Value**  |
| **Aerospace & Defense - 0.9%** | **Aerospace & Defense - 0.9%** | **Aerospace & Defense - 0.9%** | **Aerospace & Defense - 0.9%** |
|  Boeing Co., 3.25%, 02/01/2028 | Boeing Co., 3.25%, 02/01/2028 | 915000 | 893840 |
|  L3Harris Technologies, Inc., 5.40%, 01/15/2027 | L3Harris Technologies, Inc., 5.40%, 01/15/2027 | 820000 | 833537 |
|  RTX Corp., 4.13%, 11/16/2028 | RTX Corp., 4.13%, 11/16/2028 | 375000 | 375497 |
|  |  |  | 2102874 |
| **Agriculture - 0.2%** | **Agriculture - 0.2%** | **Agriculture - 0.2%** | **Agriculture - 0.2%** |
|  Philip Morris International, Inc., 4.63%, 11/01/2029 | Philip Morris International, Inc., 4.63%, 11/01/2029 | 460000 | 466901 |
| **Auto Manufacturers - 0.5%** | **Auto Manufacturers - 0.5%** | **Auto Manufacturers - 0.5%** | **Auto Manufacturers - 0.5%** |
|  General Motors Financial Co., Inc., 5.35%, 01/07/2030 | General Motors Financial Co., Inc., 5.35%, 01/07/2030 | 740000 | 758209 |
|  Volkswagen Group of America Finance LLC, 1.25%, 11/24/2025 <sup>(a)</sup> | Volkswagen Group of America Finance LLC, 1.25%, 11/24/2025 <sup>(a)</sup> | 570000 | 567297 |
|  |  |  | 1325506 |
| **Banks - 6.5%** | **Banks - 6.5%** | **Banks - 6.5%** | **Banks - 6.5%** |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028 | &nbsp;&nbsp; 4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028 | 1445000 | 1450487 |
| &nbsp;&nbsp; 5.16% to 01/24/2030 then SOFR + 1.00%, 01/24/2031 | &nbsp;&nbsp; 5.16% to 01/24/2030 then SOFR + 1.00%, 01/24/2031 | 2010000 | 2074904 |
|  Bank of New York Mellon, 4.59% to 04/20/2026 then SOFR + 0.69%, 04/20/2027 | Bank of New York Mellon, 4.59% to 04/20/2026 then SOFR + 0.69%, 04/20/2027 | 1665000 | 1670204 |
|  Citibank NA, 4.58%, 05/29/2027 | Citibank NA, 4.58%, 05/29/2027 | 880000 | 887949 |
|  Citigroup, Inc., 4.50% to 09/11/2030 then SOFR + 1.17%, 09/11/2031 | Citigroup, Inc., 4.50% to 09/11/2030 then SOFR + 1.17%, 09/11/2031 | 540000 | 540342 |
|  Credit Agricole SA, 5.22% to 05/27/2030 then SOFR + 1.46%, 05/27/2031 <sup>(a)</sup> | Credit Agricole SA, 5.22% to 05/27/2030 then SOFR + 1.46%, 05/27/2031 <sup>(a)</sup> | 250000 | 256585 |
|  Deutsche Bank AG/New York NY, 5.00% to 09/11/2029 then SOFR + 1.70%, 09/11/2030 | Deutsche Bank AG/New York NY, 5.00% to 09/11/2029 then SOFR + 1.70%, 09/11/2030 | 290000 | 294225 |
|  Federation des Caisses Desjardins du Quebec, 5.70%, 03/14/2028 <sup>(a)</sup> | Federation des Caisses Desjardins du Quebec, 5.70%, 03/14/2028 <sup>(a)</sup> | 535000 | 554630 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 6.48% to 10/24/2028 then SOFR + 1.77%, 10/24/2029 | &nbsp;&nbsp; 6.48% to 10/24/2028 then SOFR + 1.77%, 10/24/2029 | 315000 | 335295 |
| &nbsp;&nbsp; 5.22% to 04/23/2030 then SOFR + 1.58%, 04/23/2031 | &nbsp;&nbsp; 5.22% to 04/23/2030 then SOFR + 1.58%, 04/23/2031 | 360000 | 372250 |
|  HSBC Holdings PLC, 6.16% to 03/09/2028 then SOFR + 1.97%, 03/09/2029 | HSBC Holdings PLC, 6.16% to 03/09/2028 then SOFR + 1.97%, 03/09/2029 | 550000 | 573663 |
|  JPMorgan Chase & Co., 5.10% to 04/22/2030 then SOFR + 1.44%, 04/22/2031 | JPMorgan Chase & Co., 5.10% to 04/22/2030 then SOFR + 1.44%, 04/22/2031 | 1840000 | 1901815 |
|  Morgan Stanley, 5.19% to 04/17/2030 then SOFR + 1.51%, 04/17/2031 | Morgan Stanley, 5.19% to 04/17/2030 then SOFR + 1.51%, 04/17/2031 | 875000 | 903408 |
|  Morgan Stanley Private Bank NA, 4.73% to 07/18/2030 then SOFR + 1.08%, 07/18/2031 | Morgan Stanley Private Bank NA, 4.73% to 07/18/2030 then SOFR + 1.08%, 07/18/2031 | 940000 | 954157 |
|  NatWest Markets PLC, 5.41%, 05/17/2029 <sup>(a)</sup> | NatWest Markets PLC, 5.41%, 05/17/2029 <sup>(a)</sup> | 525000 | 544598 |
|  State Street Corp., 4.54%, 02/28/2028 | State Street Corp., 4.54%, 02/28/2028 | 440000 | 445681 |
|  UBS Group AG, 6.33% to 12/22/2026 then 1 yr. CMT Rate + 1.60%, 12/22/2027 <sup>(a)</sup> | UBS Group AG, 6.33% to 12/22/2026 then 1 yr. CMT Rate + 1.60%, 12/22/2027 <sup>(a)</sup> | 975000 | 999569 |
|  Wells Fargo & Co., 5.15% to 04/23/2030 then SOFR + 1.50%, 04/23/2031 | Wells Fargo & Co., 5.15% to 04/23/2030 then SOFR + 1.50%, 04/23/2031 | 1225000 | 1263693 |
|  |  |  | 16023455 |
| **Beverages - 0.2%** | **Beverages - 0.2%** | **Beverages - 0.2%** | **Beverages - 0.2%** |
|  PepsiCo, Inc., 4.10%, 01/15/2029 | PepsiCo, Inc., 4.10%, 01/15/2029 | 510000 | 511859 |
| **Biotechnology - 0.3%** | **Biotechnology - 0.3%** | **Biotechnology - 0.3%** | **Biotechnology - 0.3%** |
|  Amgen, Inc., 5.15%, 03/02/2028 | Amgen, Inc., 5.15%, 03/02/2028 | 615000 | 629479 |
| **Building Materials - 0.1%** | **Building Materials - 0.1%** | **Building Materials - 0.1%** | **Building Materials - 0.1%** |
|  Trane Technologies Financing Ltd., 3.50%, 03/21/2026 | Trane Technologies Financing Ltd., 3.50%, 03/21/2026 | 245000 | 244095 |
| **Computers - 0.2%** | **Computers - 0.2%** | **Computers - 0.2%** | **Computers - 0.2%** |
|  Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | 540000 | 543038 |
| **Cosmetics & Personal Care - 0.4%** | **Cosmetics & Personal Care - 0.4%** | **Cosmetics & Personal Care - 0.4%** | **Cosmetics & Personal Care - 0.4%** |
|  Haleon US Capital LLC, 3.38%, 03/24/2027 | Haleon US Capital LLC, 3.38%, 03/24/2027 | 1065000 | 1054071 |
| **Diversified Financial Services - 0.4%** | **Diversified Financial Services - 0.4%** | **Diversified Financial Services - 0.4%** | **Diversified Financial Services - 0.4%** |
|  AerCap Ireland Capital/Global Aviation Trust, 6.10%, 01/15/2027 | AerCap Ireland Capital/Global Aviation Trust, 6.10%, 01/15/2027 | 1055000 | 1077701 |
| **Electric - 1.0%** | **Electric - 1.0%** | **Electric - 1.0%** | **Electric - 1.0%** |
|  Duke Energy Carolinas LLC, 4.85%, 03/15/2030 | Duke Energy Carolinas LLC, 4.85%, 03/15/2030 | 525000 | 539483 |
| Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. | Florida Power & Light Co. |
| &nbsp;&nbsp; 5.05%, 04/01/2028 | &nbsp;&nbsp; 5.05%, 04/01/2028 | 605000 | 620874 |
| &nbsp;&nbsp; 4.40%, 05/15/2028 | &nbsp;&nbsp; 4.40%, 05/15/2028 | 765000 | 773776 |
|  NSTAR Electric Co., 3.20%, 05/15/2027 | NSTAR Electric Co., 3.20%, 05/15/2027 | 495000 | 488522 |
|  Southern California Edison Co., 1.20%, 02/01/2026 | Southern California Edison Co., 1.20%, 02/01/2026 | 150000 | 148268 |
|  |  |  | 2570923 |
| **Electronics - 0.4%** | **Electronics - 0.4%** | **Electronics - 0.4%** | **Electronics - 0.4%** |
| Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. | Honeywell International, Inc. |
| &nbsp;&nbsp; 4.65%, 07/30/2027 | &nbsp;&nbsp; 4.65%, 07/30/2027 | 635000 | 642622 |
| &nbsp;&nbsp; 4.88%, 09/01/2029 | &nbsp;&nbsp; 4.88%, 09/01/2029 | 235000 | 241733 |
|  |  |  | 884355 |
| **Food - 2.4%** | **Food - 2.4%** | **Food - 2.4%** | **Food - 2.4%** |
|  General Mills, Inc., 4.88%, 01/30/2030 | General Mills, Inc., 4.88%, 01/30/2030 | 595000 | 607555 |
|  Kraft Heinz Foods Co., 3.88%, 05/15/2027 | Kraft Heinz Foods Co., 3.88%, 05/15/2027 | 520000 | 517656 |
| Mars, Inc. | Mars, Inc. | Mars, Inc. | Mars, Inc. |
| &nbsp;&nbsp; 4.60%, 03/01/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.60%, 03/01/2028 <sup>(a)</sup> | 2220000 | 2247427 |
| &nbsp;&nbsp; 4.80%, 03/01/2030 <sup>(a)</sup> | &nbsp;&nbsp; 4.80%, 03/01/2030 <sup>(a)</sup> | 2095000 | 2135087 |
|  Sysco Corp., 3.25%, 07/15/2027 | Sysco Corp., 3.25%, 07/15/2027 | 405000 | 399421 |
|  |  |  | 5907146 |
| **Healthcare-Services - 0.6%** | **Healthcare-Services - 0.6%** | **Healthcare-Services - 0.6%** | **Healthcare-Services - 0.6%** |
|  HCA, Inc., 5.00%, 03/01/2028 | HCA, Inc., 5.00%, 03/01/2028 | 325000 | 331029 |
| UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. | UnitedHealth Group, Inc. |
| &nbsp;&nbsp; 4.40%, 06/15/2028 | &nbsp;&nbsp; 4.40%, 06/15/2028 | 300000 | 302968 |
| &nbsp;&nbsp; 4.25%, 01/15/2029 | &nbsp;&nbsp; 4.25%, 01/15/2029 | 835000 | 837555 |
|  |  |  | 1471552 |
| **Insurance - 0.4%** | **Insurance - 0.4%** | **Insurance - 0.4%** | **Insurance - 0.4%** |
|  Brown & Brown, Inc., 4.60%, 12/23/2026 | Brown & Brown, Inc., 4.60%, 12/23/2026 | 375000 | 377003 |
|  Metropolitan Life Global Funding I, 5.05%, 01/06/2028 <sup>(a)</sup> | Metropolitan Life Global Funding I, 5.05%, 01/06/2028 <sup>(a)</sup> | 155000 | 158279 |
|  Principal Life Global Funding II, 0.88%, 01/12/2026 <sup>(a)</sup> | Principal Life Global Funding II, 0.88%, 01/12/2026 <sup>(a)</sup> | 365000 | 361293 |
|  |  |  | 896575 |
| **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** | **Packaging & Containers - 0.1%** |
|  Amcor Group Finance PLC, 5.45%, 05/23/2029 | Amcor Group Finance PLC, 5.45%, 05/23/2029 | 235000 | 242849 |
| **Pharmaceuticals - 0.9%** | **Pharmaceuticals - 0.9%** | **Pharmaceuticals - 0.9%** | **Pharmaceuticals - 0.9%** |
|  AbbVie, Inc., 4.80%, 03/15/2029 | AbbVie, Inc., 4.80%, 03/15/2029 | 235000 | 240392 |
| CVS Health Corp. | CVS Health Corp. | CVS Health Corp. | CVS Health Corp. |
| &nbsp;&nbsp; 2.88%, 06/01/2026 | &nbsp;&nbsp; 2.88%, 06/01/2026 | 995000 | 985788 |
| &nbsp;&nbsp; 5.00%, 01/30/2029 | &nbsp;&nbsp; 5.00%, 01/30/2029 | 575000 | 586288 |
|  EMD Finance LLC, 4.13%, 08/15/2028 <sup>(a)</sup> | EMD Finance LLC, 4.13%, 08/15/2028 <sup>(a)</sup> | 475000 | 475219 |
|  |  |  | 2287687 |
| **Pipelines - 0.7%** | **Pipelines - 0.7%** | **Pipelines - 0.7%** | **Pipelines - 0.7%** |
|  Enbridge, Inc., 6.00%, 11/15/2028 | Enbridge, Inc., 6.00%, 11/15/2028 | 445000 | 468178 |
|  Energy Transfer LP, 6.05%, 12/01/2026 | Energy Transfer LP, 6.05%, 12/01/2026 | 975000 | 993252 |
|  South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 | South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 | 275000 | 277399 |
|  |  |  | 1738829 |
| **REITS - 1.2%** | **REITS - 1.2%** | **REITS - 1.2%** | **REITS - 1.2%** |
|  American Homes 4 Rent LP, 4.90%, 02/15/2029 | American Homes 4 Rent LP, 4.90%, 02/15/2029 | 255000 | 259435 |
|  Brixmor Operating Partnership LP, 4.13%, 06/15/2026 | Brixmor Operating Partnership LP, 4.13%, 06/15/2026 | 280000 | 279554 |
|  Essex Portfolio LP, 1.70%, 03/01/2028 | Essex Portfolio LP, 1.70%, 03/01/2028 | 240000 | 226475 |
| GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. | GLP Capital LP / GLP Financing II, Inc. |
| &nbsp;&nbsp; 5.75%, 06/01/2028 | &nbsp;&nbsp; 5.75%, 06/01/2028 | 180000 | 184995 |
| &nbsp;&nbsp; 4.00%, 01/15/2030 | &nbsp;&nbsp; 4.00%, 01/15/2030 | 295000 | 285666 |
|  Kite Realty Group LP, 4.00%, 10/01/2026 | Kite Realty Group LP, 4.00%, 10/01/2026 | 755000 | 753045 |
|  Lineage OP LP, 5.25%, 07/15/2030 <sup>(a)</sup> | Lineage OP LP, 5.25%, 07/15/2030 <sup>(a)</sup> | 485000 | 491764 |
|  Prologis Targeted US Logistics Fund LP, 5.25%, 04/01/2029 <sup>(a)</sup> | Prologis Targeted US Logistics Fund LP, 5.25%, 04/01/2029 <sup>(a)</sup> | 545000 | 562585 |
|  |  |  | 3043519 |
| **Retail - 0.6%** | **Retail - 0.6%** | **Retail - 0.6%** | **Retail - 0.6%** |
|  Home Depot, Inc., 4.88%, 06/25/2027 | Home Depot, Inc., 4.88%, 06/25/2027 | 410000 | 416836 |
| O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. | O'Reilly Automotive, Inc. |
| &nbsp;&nbsp; 5.75%, 11/20/2026 | &nbsp;&nbsp; 5.75%, 11/20/2026 | 570000 | 579879 |
| &nbsp;&nbsp; 4.20%, 04/01/2030 | &nbsp;&nbsp; 4.20%, 04/01/2030 | 260000 | 259135 |
|  Walmart, Inc., 4.35%, 04/28/2030 | Walmart, Inc., 4.35%, 04/28/2030 | 120000 | 121993 |
|  |  |  | 1377843 |
| **Semiconductors - 0.2%** | **Semiconductors - 0.2%** | **Semiconductors - 0.2%** | **Semiconductors - 0.2%** |
|  Broadcom, Inc., 4.60%, 07/15/2030 | Broadcom, Inc., 4.60%, 07/15/2030 | 355000 | 360441 |
| **Software - 0.4%** | **Software - 0.4%** | **Software - 0.4%** | **Software - 0.4%** |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 4.80%, 08/03/2028 | &nbsp;&nbsp; 4.80%, 08/03/2028 | 390000 | 396633 |
| &nbsp;&nbsp; 4.45%, 09/26/2030 | &nbsp;&nbsp; 4.45%, 09/26/2030 | 180000 | 179876 |
|  Roper Technologies, Inc., 4.25%, 09/15/2028 | Roper Technologies, Inc., 4.25%, 09/15/2028 | 415000 | 416999 |
|  |  |  | 993508 |
| **Telecommunications - 1.0%** | **Telecommunications - 1.0%** | **Telecommunications - 1.0%** | **Telecommunications - 1.0%** |
|  AT&T, Inc., 2.30%, 06/01/2027 | AT&T, Inc., 2.30%, 06/01/2027 | 625000 | 606705 |
| T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. | T-Mobile USA, Inc. |
| &nbsp;&nbsp; 4.80%, 07/15/2028 | &nbsp;&nbsp; 4.80%, 07/15/2028 | 410000 | 417408 |
| &nbsp;&nbsp; 4.85%, 01/15/2029 | &nbsp;&nbsp; 4.85%, 01/15/2029 | 800000 | 816248 |
|  Verizon Communications, Inc., 2.10%, 03/22/2028 | Verizon Communications, Inc., 2.10%, 03/22/2028 | 655000 | 624839 |
|  |  |  | 2465200 |
| **TOTAL CORPORATE BONDS** (Cost $47,674,824) | **TOTAL CORPORATE BONDS** (Cost $47,674,824) | **TOTAL CORPORATE BONDS** (Cost $47,674,824) | 48219406 |
| **MORTGAGE-BACKED SECURITIES - 11.5%** | **MORTGAGE-BACKED SECURITIES - 11.5%** | **Par** | **Value**  |
|  ARDN 2025-ARCP Mortgage Trust, Series 2025-ARCP, Class A, 5.90% (1 mo. Term SOFR + 1.75%), 06/15/2035, (1.75% Floor) <sup>(a)</sup> | ARDN 2025-ARCP Mortgage Trust, Series 2025-ARCP, Class A, 5.90% (1 mo. Term SOFR + 1.75%), 06/15/2035, (1.75% Floor) <sup>(a)</sup> | 1000000 | 999787 |
| BX Trust | BX Trust | BX Trust | BX Trust |
| &nbsp;&nbsp; Series 2021-VIEW, Class A, 5.54% (1 mo. Term SOFR + 1.39%), 06/15/2036, (1.28% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-VIEW, Class A, 5.54% (1 mo. Term SOFR + 1.39%), 06/15/2036, (1.28% Floor) <sup>(a)</sup> | 720000 | 718425 |
| &nbsp;&nbsp; Series 2022-AHP, Class A, 5.14% (1 mo. Term SOFR + 0.99%), 01/17/2039, (0.99% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-AHP, Class A, 5.14% (1 mo. Term SOFR + 0.99%), 01/17/2039, (0.99% Floor) <sup>(a)</sup> | 900000 | 899437 |
| &nbsp;&nbsp; Series 2023-DELC, Class A, 6.84% (1 mo. Term SOFR + 2.69%), 05/15/2038, (2.69% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-DELC, Class A, 6.84% (1 mo. Term SOFR + 2.69%), 05/15/2038, (2.69% Floor) <sup>(a)</sup> | 520000 | 523243 |
|  Computershare Corporate Trust, Series 2024-SVEN, Class A, 6.01%, 06/10/2037 <sup>(a)</sup> | Computershare Corporate Trust, Series 2024-SVEN, Class A, 6.01%, 06/10/2037 <sup>(a)</sup> | 500000 | 520446 |
|  DK Trust, Series 2025-LXP, Class A, 5.74% (1 mo. Term SOFR + 1.59%), 08/15/2037, (1.59% Floor) <sup>(a)</sup> | DK Trust, Series 2025-LXP, Class A, 5.74% (1 mo. Term SOFR + 1.59%), 08/15/2037, (1.59% Floor) <sup>(a)</sup> | 750000 | 750000 |
| Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities | Fannie Mae Connecticut Avenue Securities |
| &nbsp;&nbsp; Series 2022-R04, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 03/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R04, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 03/25/2042, (0.00% Floor) <sup>(a)</sup> | 1500000 | 1541010 |
| &nbsp;&nbsp; Series 2022-R06, Class 1M2, 8.21% (30 day avg SOFR US + 3.85%), 05/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R06, Class 1M2, 8.21% (30 day avg SOFR US + 3.85%), 05/25/2042, (0.00% Floor) <sup>(a)</sup> | 1500000 | 1560383 |
| &nbsp;&nbsp; Series 2022-R07, Class 1M2, 9.01% (30 day avg SOFR US + 4.65%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R07, Class 1M2, 9.01% (30 day avg SOFR US + 4.65%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | 550000 | 581755 |
| &nbsp;&nbsp; Series 2022-R08, Class 1M2, 7.96% (30 day avg SOFR US + 3.60%), 07/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-R08, Class 1M2, 7.96% (30 day avg SOFR US + 3.60%), 07/25/2042, (0.00% Floor) <sup>(a)</sup> | 500000 | 520000 |
| &nbsp;&nbsp; Series 2023-R01, Class 1M2, 8.11% (30 day avg SOFR US + 3.75%), 12/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R01, Class 1M2, 8.11% (30 day avg SOFR US + 3.75%), 12/25/2042, (0.00% Floor) <sup>(a)</sup> | 250000 | 262500 |
| &nbsp;&nbsp; Series 2023-R02, Class 1M2, 7.71% (30 day avg SOFR US + 3.35%), 01/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R02, Class 1M2, 7.71% (30 day avg SOFR US + 3.35%), 01/25/2043, (0.00% Floor) <sup>(a)</sup> | 970000 | 1012438 |
| &nbsp;&nbsp; Series 2023-R04, Class 1M2, 7.91% (30 day avg SOFR US + 3.55%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R04, Class 1M2, 7.91% (30 day avg SOFR US + 3.55%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | 1500000 | 1581570 |
| &nbsp;&nbsp; Series 2023-R05, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 06/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R05, Class 1M2, 7.46% (30 day avg SOFR US + 3.10%), 06/25/2043, (0.00% Floor) <sup>(a)</sup> | 750000 | 779062 |
| &nbsp;&nbsp; Series 2023-R06, Class 1M2, 7.06% (30 day avg SOFR US + 2.70%), 07/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-R06, Class 1M2, 7.06% (30 day avg SOFR US + 2.70%), 07/25/2043, (0.00% Floor) <sup>(a)</sup> | 600000 | 619954 |
| Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes | Freddie Mac Structured Agency Credit Risk Debt Notes |
| &nbsp;&nbsp; Series 2022-DNA5, Class M1B, 8.86% (30 day avg SOFR US + 4.50%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-DNA5, Class M1B, 8.86% (30 day avg SOFR US + 4.50%), 06/25/2042, (0.00% Floor) <sup>(a)</sup> | 365000 | 386077 |
| &nbsp;&nbsp; Series 2023-DNA2, Class M1B, 7.60% (30 day avg SOFR US + 3.25%), 04/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-DNA2, Class M1B, 7.60% (30 day avg SOFR US + 3.25%), 04/25/2043, (0.00% Floor) <sup>(a)</sup> | 1500000 | 1569991 |
| &nbsp;&nbsp; Series 2023-HQA1, Class M1B, 7.86% (30 day avg SOFR US + 3.50%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-HQA1, Class M1B, 7.86% (30 day avg SOFR US + 3.50%), 05/25/2043, (0.00% Floor) <sup>(a)</sup> | 1505000 | 1586855 |
| &nbsp;&nbsp; Series 2023-HQA3, Class M2, 7.71% (30 day avg SOFR US + 3.35%), 11/25/2043, (0.00% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-HQA3, Class M2, 7.71% (30 day avg SOFR US + 3.35%), 11/25/2043, (0.00% Floor) <sup>(a)</sup> | 1500000 | 1582207 |
|  ILPT Trust, Series 2025-LPF2, Class A, 5.47%, 07/13/2042 <sup>(a)(b)</sup> | ILPT Trust, Series 2025-LPF2, Class A, 5.47%, 07/13/2042 <sup>(a)(b)</sup> | 1250000 | 1272792 |
|  KREST Commercial Mortgage Securities Trust, Series 2025-AIP4, Class A, 5.45% (1 mo. Term SOFR + 1.30%), 03/15/2042, (1.30% Floor) <sup>(a)</sup> | KREST Commercial Mortgage Securities Trust, Series 2025-AIP4, Class A, 5.45% (1 mo. Term SOFR + 1.30%), 03/15/2042, (1.30% Floor) <sup>(a)</sup> | 1000000 | 998750 |
|  KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, 5.69% (1 mo. Term SOFR + 1.54%), 12/15/2039, (1.54% Floor) <sup>(a)</sup> | KSL Commercial Mortgage Trust, Series 2024-HT2, Class A, 5.69% (1 mo. Term SOFR + 1.54%), 12/15/2039, (1.54% Floor) <sup>(a)</sup> | 229163 | 229091 |
|  MIRA Trust 2023-MILE, Series 2023-MILE, Class A, 6.75%, 06/10/2038 <sup>(a)</sup> | MIRA Trust 2023-MILE, Series 2023-MILE, Class A, 6.75%, 06/10/2038 <sup>(a)</sup> | 750000 | 781130 |
|  MTN Commercial Mortgage Trust, Series 2022-LPFL, Class A, 5.56% (1 mo. Term SOFR + 1.40%), 03/15/2039, (1.40% Floor) <sup>(a)</sup> | MTN Commercial Mortgage Trust, Series 2022-LPFL, Class A, 5.56% (1 mo. Term SOFR + 1.40%), 03/15/2039, (1.40% Floor) <sup>(a)</sup> | 825000 | 824742 |
|  Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class A, 3.89%, 08/15/2038 <sup>(a)</sup> | Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class A, 3.89%, 08/15/2038 <sup>(a)</sup> | 350000 | 340761 |
| NRTH PARK Mortgage Trust | NRTH PARK Mortgage Trust | NRTH PARK Mortgage Trust | NRTH PARK Mortgage Trust |
| &nbsp;&nbsp; Series 2024-PARK, Class A, 5.79% (1 mo. Term SOFR + 1.64%), 03/15/2039, (1.64% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-PARK, Class A, 5.79% (1 mo. Term SOFR + 1.64%), 03/15/2039, (1.64% Floor) <sup>(a)</sup> | 597000 | 595691 |
| &nbsp;&nbsp; Series 2025-PARK, Class A, 5.54% (1 mo. Term SOFR + 1.39%), 10/15/2040, (1.39% Floor) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-PARK, Class A, 5.54% (1 mo. Term SOFR + 1.39%), 10/15/2040, (1.39% Floor) <sup>(a)</sup> | 1300000 | 1296750 |
|  NYC Commercial Mortgage Trust, Series 2024-3ELV, Class A, 6.14% (1 mo. Term SOFR + 1.99%), 08/15/2029, (1.99% Floor) <sup>(a)</sup> | NYC Commercial Mortgage Trust, Series 2024-3ELV, Class A, 6.14% (1 mo. Term SOFR + 1.99%), 08/15/2029, (1.99% Floor) <sup>(a)</sup> | 800000 | 802001 |
|  ONNI Commercial Mortgage Trust, Series 2024-APT, Class A, 5.75%, 07/15/2039 <sup>(a)(b)</sup> | ONNI Commercial Mortgage Trust, Series 2024-APT, Class A, 5.75%, 07/15/2039 <sup>(a)(b)</sup> | 750000 | 767412 |
|  SCG Mortgage Trust, Series 2025-SNIP, Class A, 5.75% (1 mo. Term SOFR + 1.50%), 09/15/2030, (1.50% Floor) <sup>(a)</sup> | SCG Mortgage Trust, Series 2025-SNIP, Class A, 5.75% (1 mo. Term SOFR + 1.50%), 09/15/2030, (1.50% Floor) <sup>(a)</sup> | 750000 | 750470 |
|  Stellar Management, Series 2025-IP, Class A, 5.42%, 06/10/2042 <sup>(a)(b)</sup> | Stellar Management, Series 2025-IP, Class A, 5.42%, 06/10/2042 <sup>(a)(b)</sup> | 750000 | 763452 |
|  Wells Fargo Commercial Mortgage Trust 2024-1CHI, Series 2025-NYCH, Class A, 5.89% (1 mo. Term SOFR + 1.74%), 06/15/2042, (1.74% Floor) <sup>(a)</sup> | Wells Fargo Commercial Mortgage Trust 2024-1CHI, Series 2025-NYCH, Class A, 5.89% (1 mo. Term SOFR + 1.74%), 06/15/2042, (1.74% Floor) <sup>(a)</sup> | 1000000 | 1000000 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $28,459,356) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $28,459,356) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $28,459,356) | 28418182 |
| **ASSET-BACKED SECURITIES - 8.7%** | **ASSET-BACKED SECURITIES - 8.7%** | **Par** | **Value**  |
|  Bank of America Auto Trust, Series 2024-1A, Class A3, 5.35%, 11/15/2028 <sup>(a)</sup> | Bank of America Auto Trust, Series 2024-1A, Class A3, 5.35%, 11/15/2028 <sup>(a)</sup> | 250000 | 252465 |
|  BMW Vehicle Lease Trust, Series 2024-2, Class A3, 4.18%, 10/25/2027 | BMW Vehicle Lease Trust, Series 2024-2, Class A3, 4.18%, 10/25/2027 | 250000 | 250752 |
|  Capital One Financial Corp., Series 2024-A1, Class A, 3.92%, 09/15/2029 | Capital One Financial Corp., Series 2024-A1, Class A, 3.92%, 09/15/2029 | 600000 | 600530 |
|  CarMax Auto Owner Trust, Series 2024-4, Class A3, 4.60%, 10/15/2029 | CarMax Auto Owner Trust, Series 2024-4, Class A3, 4.60%, 10/15/2029 | 400000 | 404224 |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| &nbsp;&nbsp; Series 2023-P1, Class A4, 5.94%, 01/10/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-P1, Class A4, 5.94%, 01/10/2029 <sup>(a)</sup> | 500000 | 509138 |
| &nbsp;&nbsp; Series 2024-P4, Class A3, 4.64%, 01/10/2030 | &nbsp;&nbsp; Series 2024-P4, Class A3, 4.64%, 01/10/2030 | 500000 | 503055 |
|  CNH Equipment Trust, Series 2024-C, Class A3, 4.03%, 01/15/2030 | CNH Equipment Trust, Series 2024-C, Class A3, 4.03%, 01/15/2030 | 250000 | 250527 |
|  Enterprise Fleet Financing, Series 2025-1, Class A3, 4.82%, 02/20/2029 <sup>(a)</sup> | Enterprise Fleet Financing, Series 2025-1, Class A3, 4.82%, 02/20/2029 <sup>(a)</sup> | 1000000 | 1016606 |
|  Financial Holding Corp., Series 2025-B, Class A, 4.85%, 02/15/2030 <sup>(a)</sup> | Financial Holding Corp., Series 2025-B, Class A, 4.85%, 02/15/2030 <sup>(a)</sup> | 1250000 | 1269909 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp; Series 2024-C, Class A3, 4.07%, 07/15/2029 | &nbsp;&nbsp; Series 2024-C, Class A3, 4.07%, 07/15/2029 | 250000 | 250723 |
| &nbsp;&nbsp; Series 2024-D, Class A3, 4.61%, 08/15/2029 | &nbsp;&nbsp; Series 2024-D, Class A3, 4.61%, 08/15/2029 | 75000 | 75886 |
|  GM Financial Leasing Trust, Series 2024-3, Class A3, 4.21%, 10/20/2027 | GM Financial Leasing Trust, Series 2024-3, Class A3, 4.21%, 10/20/2027 | 250000 | 250496 |
|  Honda Auto Receivables Owner Trust, Series 2024-4, Class A3, 4.33%, 05/15/2029 | Honda Auto Receivables Owner Trust, Series 2024-4, Class A3, 4.33%, 05/15/2029 | 500000 | 502784 |
|  Hyundai Auto Receivables Trust, Series 2025-A, Class A2A, 4.33%, 12/15/2027 | Hyundai Auto Receivables Trust, Series 2025-A, Class A2A, 4.33%, 12/15/2027 | 1500000 | 1501908 |
|  LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52%, 03/15/2029 <sup>(a)</sup> | LAD Auto Receivables Trust, Series 2024-3A, Class A3, 4.52%, 03/15/2029 <sup>(a)</sup> | 350000 | 351415 |
|  M&T Bank Auto Receivables Trust, Series 2025-1A, Class A3, 4.73%, 06/17/2030 <sup>(a)</sup> | M&T Bank Auto Receivables Trust, Series 2025-1A, Class A3, 4.73%, 06/17/2030 <sup>(a)</sup> | 1250000 | 1263834 |
|  Mercedes-Benz Auto Receivables Trust, Series 2025-1, Class A3, 4.78%, 12/17/2029 | Mercedes-Benz Auto Receivables Trust, Series 2025-1, Class A3, 4.78%, 12/17/2029 | 1000000 | 1013149 |
|  MVW Owner Trust, Series 2025-1A, Class A, 4.97%, 09/22/2042 <sup>(a)</sup> | MVW Owner Trust, Series 2025-1A, Class A, 4.97%, 09/22/2042 <sup>(a)</sup> | 772081 | 782005 |
|  OneMain Financial Issuance Trust, Series 2025-1A, Class A, 4.82%, 07/14/2038 <sup>(a)</sup> | OneMain Financial Issuance Trust, Series 2025-1A, Class A, 4.82%, 07/14/2038 <sup>(a)</sup> | 750000 | 757257 |
|  PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03%, 07/15/2030 <sup>(a)</sup> | PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03%, 07/15/2030 <sup>(a)</sup> | 900000 | 899185 |
|  Porsche Financial Auto Securitization Trust, Series 2024-1A, Class A3, 4.44%, 01/22/2030 <sup>(a)</sup> | Porsche Financial Auto Securitization Trust, Series 2024-1A, Class A3, 4.44%, 01/22/2030 <sup>(a)</sup> | 500000 | 502104 |
|  Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A3, 4.35%, 10/20/2027 <sup>(a)</sup> | Porsche Innovative Lease Owner Trust, Series 2024-2A, Class A3, 4.35%, 10/20/2027 <sup>(a)</sup> | 250000 | 250692 |
|  Tesla Auto Lease Trust, Series 2024-B, Class A3, 4.82%, 10/20/2027 <sup>(a)</sup> | Tesla Auto Lease Trust, Series 2024-B, Class A3, 4.82%, 10/20/2027 <sup>(a)</sup> | 1100000 | 1107084 |
|  T-Mobile US Trust, Series 2024-2A, Class A, 4.25%, 05/21/2029 <sup>(a)</sup> | T-Mobile US Trust, Series 2024-2A, Class A, 4.25%, 05/21/2029 <sup>(a)</sup> | 250000 | 250706 |
| Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust | Toyota Auto Receivables Owner Trust |
| &nbsp;&nbsp; Series 2024-D, Class A3, 4.40%, 06/15/2029 | &nbsp;&nbsp; Series 2024-D, Class A3, 4.40%, 06/15/2029 | 350000 | 352360 |
| &nbsp;&nbsp; Series 2025-A, Class A3, 4.64%, 08/15/2029 | &nbsp;&nbsp; Series 2025-A, Class A3, 4.64%, 08/15/2029 | 1000000 | 1011942 |
| Toyota Lease Owner Trust | Toyota Lease Owner Trust | Toyota Lease Owner Trust | Toyota Lease Owner Trust |
| &nbsp;&nbsp; Series 2024-A, Class A3, 5.25%, 04/20/2027 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-A, Class A3, 5.25%, 04/20/2027 <sup>(a)</sup> | 149465 | 150180 |
| &nbsp;&nbsp; Series 2025-B, Class A3, 3.96%, 11/20/2028 <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-B, Class A3, 3.96%, 11/20/2028 <sup>(a)</sup> | 1350000 | 1351396 |
|  Verizon Master Trust, Series 2025-3, Class A1A, 4.51%, 03/20/2030 | Verizon Master Trust, Series 2025-3, Class A1A, 4.51%, 03/20/2030 | 1590000 | 1603690 |
|  World Omni Auto Receivables Trust, Series 2024-A, Class A3, 4.86%, 03/15/2029 | World Omni Auto Receivables Trust, Series 2024-A, Class A3, 4.86%, 03/15/2029 | 250000 | 251531 |
|  World Omni Auto Trust, Series 2025-A, Class A3, 4.73%, 03/15/2030 | World Omni Auto Trust, Series 2025-A, Class A3, 4.73%, 03/15/2030 | 1000000 | 1012969 |
|  World Omni Automobile Lease Securitization Trust, Series 2025-A, Class A2A, 4.35%, 12/15/2027 | World Omni Automobile Lease Securitization Trust, Series 2025-A, Class A2A, 4.35%, 12/15/2027 | 916952 | 918320 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $21,308,227) | **TOTAL ASSET-BACKED SECURITIES** (Cost $21,308,227) | **TOTAL ASSET-BACKED SECURITIES** (Cost $21,308,227) | 21468822 |
| **COMMODITY POOLS - 7.9%** | **COMMODITY POOLS - 7.9%** | **Shares** | **Value**  |
| Galaxy Commodity-Polaris II Fund LLC <sup>(c)(d)</sup> | Galaxy Commodity-Polaris II Fund LLC <sup>(c)(d)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Core Commodity I Feeder Fund (558) LLC | &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Core Commodity I Feeder Fund (558) LLC |  | 5060774 |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – East Alpha Feeder Fund (548) LLC | &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – East Alpha Feeder Fund (548) LLC |  | 6423290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Millburn Resource Oppty Feeder Fund (557) | &nbsp;&nbsp;&nbsp;&nbsp; Galaxy Plus Fund – Millburn Resource Oppty Feeder Fund (557) |  | 7980452 |
| **TOTAL COMMODITY POOLS** (Cost $21,147,324) | **TOTAL COMMODITY POOLS** (Cost $21,147,324) | **TOTAL COMMODITY POOLS** (Cost $21,147,324) | 19464516 |
| **U.S. GOVERNMENT AGENCY ISSUES - 6.0%** | **U.S. GOVERNMENT AGENCY ISSUES - 6.0%** | **Par** | **Value**  |
| Federal Farm Credit Banks Funding Corp | Federal Farm Credit Banks Funding Corp | Federal Farm Credit Banks Funding Corp | Federal Farm Credit Banks Funding Corp |
| &nbsp;&nbsp; 3.88%, 09/03/2026 | &nbsp;&nbsp; 3.88%, 09/03/2026 | 400000 | 400533 |
| &nbsp;&nbsp; 1.00%, 10/07/2026 | &nbsp;&nbsp; 1.00%, 10/07/2026 | 1000000 | 973352 |
| &nbsp;&nbsp; 3.50%, 06/23/2027 | &nbsp;&nbsp; 3.50%, 06/23/2027 | 425000 | 423715 |
| &nbsp;&nbsp; 4.25%, 01/14/2028 | &nbsp;&nbsp; 4.25%, 01/14/2028 | 2000000 | 2020503 |
| &nbsp;&nbsp; 4.25%, 01/28/2028 | &nbsp;&nbsp; 4.25%, 01/28/2028 | 2388000 | 2417940 |
| &nbsp;&nbsp; 3.80%, 04/26/2028 | &nbsp;&nbsp; 3.80%, 04/26/2028 | 2000000 | 2005085 |
| Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks | Federal Home Loan Banks |
| &nbsp;&nbsp; 4.38%, 06/12/2026 | &nbsp;&nbsp; 4.38%, 06/12/2026 | 500000 | 501958 |
| &nbsp;&nbsp; 3.63%, 09/04/2026 | &nbsp;&nbsp; 3.63%, 09/04/2026 | 250000 | 249724 |
| &nbsp;&nbsp; 4.63%, 09/11/2026 | &nbsp;&nbsp; 4.63%, 09/11/2026 | 250000 | 252256 |
| &nbsp;&nbsp; 4.00%, 10/09/2026 | &nbsp;&nbsp; 4.00%, 10/09/2026 | 700000 | 702607 |
| &nbsp;&nbsp; 4.00%, 03/10/2027 | &nbsp;&nbsp; 4.00%, 03/10/2027 | 3000000 | 3014655 |
| &nbsp;&nbsp; 4.13%, 09/10/2027 | &nbsp;&nbsp; 4.13%, 09/10/2027 | 425000 | 428994 |
| &nbsp;&nbsp; 4.25%, 12/10/2027 | &nbsp;&nbsp; 4.25%, 12/10/2027 | 1100000 | 1111797 |
|  Federal National Mortgage Association, 1.88%, 09/24/2026 | Federal National Mortgage Association, 1.88%, 09/24/2026 | 250000 | 245591 |
| **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $14,650,111) | **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $14,650,111) | **TOTAL U.S. GOVERNMENT AGENCY ISSUES** (Cost $14,650,111) | 14748710 |
| **TOTAL INVESTMENTS - 85.1% (**Cost $209,841,726**)** | **TOTAL INVESTMENTS - 85.1% (**Cost $209,841,726**)** | **TOTAL INVESTMENTS - 85.1% (**Cost $209,841,726**)** | $209822406 |
| Money Market Deposit Account - 5.3% <sup>(e)(f)</sup> | Money Market Deposit Account - 5.3% <sup>(e)(f)</sup> | Money Market Deposit Account - 5.3% <sup>(e)(f)</sup> | 13137389 |
| Other Assets in Excess of Liabilities - 9.6%<sup>(g)</sup> | Other Assets in Excess of Liabilities - 9.6%<sup>(g)</sup> | Other Assets in Excess of Liabilities - 9.6%<sup>(g)</sup> | 23519553 |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $246479348 |

---

---

| |
|:---|
| Par amount is in USD unless otherwise indicated. |
| Percentages are stated as a percent of net assets. |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $48,486,491 or 19.7% of the Fund's net assets.

(b) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of September 30, 2025.

(c) Non-income producing security.

(d) Investment values using net asset value per share as practical expedient and is made through an investment in Galaxy Commodity – Polaris II Fund, LLC ("Galaxy"). Galaxy's Investment objective is
 to generate diversified investment returns that are uncorrelated with the equity and debt markets by committing its assets to the investment discretion of a select group of experienced sub-managers that pursue various alternative investment
 strategies. Specifically, Galaxy accesses the sub-managers through an affiliated platform called Galaxy Plus Fund, LLC (the "Platform"), which is a series fund for which each series invests in a separate master fund that is managed by a
 different sub-manager. The Platform identifies sub-managers that, in its judgement, are capable of generating attractive investment returns whose correlation to the U.S. equity and fixed income markets is minimal. In implementing their
 strategies, the sub-managers selected by the Platform will have the discretion to invest and trade independent of other sub-managers in the Platform. In a broad variety of securities and other financial instruments (including derivatives).
 Galaxy has no unfunded commitments or redemption lock-up period, as the investment offers daily redemptions. However, the managers of Galaxy may temporarily suspend redemptions in a certain limited circumstances. The individual series of the
 Platform offer weekly redemptions.

(e) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of September 30, 2025 was 3.95%.

(f) A portion of this deposit account is pledged as collateral for derivative contracts. As of the reporting date, the value of this collateral totals $10,648.

(g) Includes assets pledged as collateral for derivative contracts. As of the reporting date, the net value of these assets totals $24,115,423.

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** |
| **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** | **Consolidated Schedule of Futures Contracts** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **Description** | **Contracts Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized**<br> **Appreciation**<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | 78 | 12/14/2026 | $22430437 | $(29752) |
| &nbsp;&nbsp;&nbsp;&nbsp;3-Month Secured Overnight Financing Rate | 160 | 03/16/2027 | 38762000 | (11292) |
| &nbsp;&nbsp;&nbsp;&nbsp;3-Month Secured Overnight Financing Rate | 4 | 09/14/2027 | 969000 | (1269) |
| &nbsp;&nbsp;&nbsp;&nbsp;3-Month Secured Overnight Financing Rate | 5 | 12/14/2027 | 1210812 | (2733) |
| &nbsp;&nbsp;&nbsp;&nbsp;3-Month Secured Overnight Financing Rate | 2 | 03/14/2028 | 484100 | (1078) |
| &nbsp;&nbsp;&nbsp;&nbsp;Aluminum - 90 day settlement<sup>(a)</sup> | 1 | 11/26/2025 | 66999 | 1843 |
| &nbsp;&nbsp;&nbsp;&nbsp;Arabica Coffee | 7 | 12/18/2025 | 983981 | 42975 |
| &nbsp;&nbsp;&nbsp;&nbsp;Austrailian Government 10 Year Bonds | 53 | 12/15/2025 | 3975251 | (19079) |
| &nbsp;&nbsp;&nbsp;&nbsp;Australian Dollar | 18 | 12/15/2025 | 1191960 | 4758 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brent Crude Oil | 29 | 10/31/2025 | 1914870 | (40123) |
| &nbsp;&nbsp;&nbsp;&nbsp;CAC40 10 Euro Index | 24 | 10/17/2025 | 2224596 | 24921 |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian 10 Year Government Bonds | 76 | 12/18/2025 | 6687476 | 7281 |
| &nbsp;&nbsp;&nbsp;&nbsp;CME Bitcoin Reference Rate (BRR) | 4 | 10/31/2025 | 2303700 | 48734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Copper | 2 | 12/29/2025 | 242825 | (1217) |
| &nbsp;&nbsp;&nbsp;&nbsp;Crude Oil | 13 | 10/21/2025 | 810810 | (21024) |
| &nbsp;&nbsp;&nbsp;&nbsp;Crude Soybean Oil | 9 | 12/12/2025 | 267246 | (30785) |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow Jones Industrial Average Index | 19 | 12/19/2025 | 4435455 | 38270 |
| &nbsp;&nbsp;&nbsp;&nbsp;Ether Dollar Reference Rate | 3 | 10/31/2025 | 628725 | 15603 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro | 4 | 12/15/2025 | 589600 | 672 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro BUXL 30 Year Bonds | 5 | 12/08/2025 | 672028 | (942) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro STOXX 50 Quanto Index | 51 | 12/19/2025 | 3317769 | 47904 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-BOBL | 24 | 12/08/2025 | 3319566 | 348 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-BTP Italian Government Bonds | 18 | 12/08/2025 | 2532574 | 1351 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-Bund | 30 | 12/08/2025 | 4528441 | 3327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-Schatz | 17 | 12/08/2025 | 2135204 | (880) |
| &nbsp;&nbsp;&nbsp;&nbsp;French Government Bonds | 16 | 12/08/2025 | 2279542 | 214 |
| &nbsp;&nbsp;&nbsp;&nbsp;FTSE 100 Index | 71 | 12/19/2025 | 8983021 | 112281 |
| &nbsp;&nbsp;&nbsp;&nbsp;FTSE China A50 Index | 19 | 10/30/2025 | 287185 | (1368) |
| &nbsp;&nbsp;&nbsp;&nbsp;German Stock Index | 4 | 12/19/2025 | 2819020 | 32352 |
| &nbsp;&nbsp;&nbsp;&nbsp;Gold | 19 | 12/29/2025 | 7359080 | 534327 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hang Seng China Enterprises Index | 16 | 10/30/2025 | 984432 | 11519 |
| &nbsp;&nbsp;&nbsp;&nbsp;Hang Seng Index | 29 | 10/30/2025 | 5014476 | 57697 |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE 3 Month SONIA Rate | 16 | 03/16/2027 | 5185663 | (1873) |
| &nbsp;&nbsp;&nbsp;&nbsp;Japanese 10 Year Government Bonds | 1 | 12/15/2025 | 918213 | (1220) |
| &nbsp;&nbsp;&nbsp;&nbsp;KOSPI 200 Index | 11 | 12/11/2025 | 932673 | 11342 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lean Hogs | 1 | 12/12/2025 | 35490 | (1053) |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Aluminum<sup>(a)</sup> | 13 | 12/15/2025 | 871289 | 21510 |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Copper<sup>(a)</sup> | 13 | 12/15/2025 | 3338215 | 131987 |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Nickel<sup>(a)</sup> | 3 | 12/15/2025 | 273788 | (401) |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Zinc<sup>(a)</sup> | 9 | 12/15/2025 | 668057 | 19756 |
| &nbsp;&nbsp;&nbsp;&nbsp;Long Gilt | 11 | 12/29/2025 | 1343877 | 180 |
| &nbsp;&nbsp;&nbsp;&nbsp;Low Sulphur Gas Oil | 39 | 11/12/2025 | 2679300 | 5075 |
| &nbsp;&nbsp;&nbsp;&nbsp;Low Sulphur Gas Oil | 1 | 12/11/2025 | 67350 | 49 |
| &nbsp;&nbsp;&nbsp;&nbsp;Mexican Peso | 58 | 12/15/2025 | 1569480 | 2756 |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI Singapore Index | 9 | 10/30/2025 | 312117 | (453) |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq 100 Index | 15 | 12/19/2025 | 7470525 | 101547 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural Gas | 1 | 10/29/2025 | 33030 | 1318 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nikkei 225 Index | 16 | 12/11/2025 | 4867566 | 116346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nikkei 225 Index | 11 | 12/11/2025 | 1670065 | (7604) |
| &nbsp;&nbsp;&nbsp;&nbsp;NY Harbor ULSD | 18 | 10/31/2025 | 1757020 | 10926 |
| &nbsp;&nbsp;&nbsp;&nbsp;Platinum | 3 | 01/28/2026 | 240855 | 8783 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reformulated Gasoline Blendstock | 19 | 10/31/2025 | 1533995 | (13081) |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000 Index | 24 | 12/19/2025 | 2946600 | 34160 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500 Index | 23 | 12/19/2025 | 7749562 | 86893 |
| &nbsp;&nbsp;&nbsp;&nbsp;SGX FTSE Taiwan Index | 9 | 10/30/2025 | 769770 | 1301 |
| &nbsp;&nbsp;&nbsp;&nbsp;Silver | 17 | 12/29/2025 | 3964400 | 408803 |
| &nbsp;&nbsp;&nbsp;&nbsp;TOPIX Index | 25 | 12/11/2025 | 5309869 | 42816 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | 142 | 12/19/2025 | 15975000 | (37304) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | 46 | 12/31/2025 | 9586328 | (18776) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Note | 137 | 12/31/2025 | 14959758 | (32505) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Long Bonds | 26 | 12/19/2025 | 3031438 | (5940) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Bonds | 3 | 12/19/2025 | 360188 | 1372 |
|  |  |  |  | $1711545 |
|  |  |  |  | – |
| **Description** | **Contracts Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized**<br> **Appreciation**<br> (Depreciation) |
| &nbsp;&nbsp;&nbsp;&nbsp;10 Year Japanese Government Bonds | (17) | 12/12/2025 | $1560618 | $14829 |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | (8) | 06/15/2026 | 2301849 | 1436 |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | (3) | 09/14/2026 | 863061 | 102 |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | (1) | 12/14/2026 | 287570 | 58 |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | (1) | 03/15/2027 | 287394 | 44 |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | (1) | 06/14/2027 | 287217 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | (1) | 09/13/2027 | 287041 | 103 |
| &nbsp;&nbsp;&nbsp;&nbsp;3 Month Euribor | (1) | 12/13/2027 | 286865 | 117 |
| &nbsp;&nbsp;&nbsp;&nbsp;3-Month Secured Overnight Financing Rate | (14) | 09/15/2026 | 3385025 | (2247) |
| &nbsp;&nbsp;&nbsp;&nbsp;3-Month Secured Overnight Financing Rate | (7) | 12/15/2026 | 1694875 | (1124) |
| &nbsp;&nbsp;&nbsp;&nbsp;3-Month Secured Overnight Financing Rate | (3) | 03/16/2027 | 726787 | (367) |
| &nbsp;&nbsp;&nbsp;&nbsp;Aluminum - 90 day settlement<sup>(a)</sup> | (1) | 11/26/2025 | 66999 | (1686) |
| &nbsp;&nbsp;&nbsp;&nbsp;ASX SPI 200 Index | (1) | 12/18/2025 | 146781 | 346 |
| &nbsp;&nbsp;&nbsp;&nbsp;Australian Government 10 Year Bonds | (14) | 12/15/2025 | 1050066 | (4277) |
| &nbsp;&nbsp;&nbsp;&nbsp;Australian Government 3 Year Bonds | (34) | 12/15/2025 | 2403680 | 200 |
| &nbsp;&nbsp;&nbsp;&nbsp;Australian Dollar | (10) | 12/15/2025 | 662200 | (914) |
| &nbsp;&nbsp;&nbsp;&nbsp;BOVESPA Index | (15) | 10/15/2025 | 82943 | (798) |
| &nbsp;&nbsp;&nbsp;&nbsp;Brent Crude Oil | (1) | 10/31/2025 | 66030 | 168 |
| &nbsp;&nbsp;&nbsp;&nbsp;Brent Crude Oil | (1) | 11/28/2025 | 65620 | 59 |
| &nbsp;&nbsp;&nbsp;&nbsp;British Pound | (17) | 12/15/2025 | 1429169 | (8268) |
| &nbsp;&nbsp;&nbsp;&nbsp;CAC40 10 Euro Index | (5) | 10/17/2025 | 463458 | (5352) |
| &nbsp;&nbsp;&nbsp;&nbsp;Canadian Dollar | (70) | 12/16/2025 | 5047000 | 13449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Copper | (2) | 12/29/2025 | 242825 | (11191) |
| &nbsp;&nbsp;&nbsp;&nbsp;Corn No. 2 Yellow | (100) | 12/12/2025 | 2077500 | 80565 |
| &nbsp;&nbsp;&nbsp;&nbsp;Cotton No.2 | (15) | 12/08/2025 | 493275 | 9961 |
| &nbsp;&nbsp;&nbsp;&nbsp;Crude Oil | (2) | 10/21/2025 | 124740 | 2235 |
| &nbsp;&nbsp;&nbsp;&nbsp;Crude Oil | (2) | 11/20/2025 | 123920 | 756 |
| &nbsp;&nbsp;&nbsp;&nbsp;Crude Soybean Oil | (10) | 12/12/2025 | 296940 | 9419 |
| &nbsp;&nbsp;&nbsp;&nbsp;Dollar Index | (5) | 12/15/2025 | 487255 | (444) |
| &nbsp;&nbsp;&nbsp;&nbsp;Dow Jones Industrial Average Index | (6) | 12/19/2025 | 1400670 | (11455) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro | (5) | 12/15/2025 | 737000 | (1797) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-BOBL | (66) | 12/08/2025 | 9128805 | (2707) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-Bund | (47) | 12/08/2025 | 7094558 | (30979) |
| &nbsp;&nbsp;&nbsp;&nbsp;Euro-Schatz | (255) | 12/08/2025 | 32028060 | 9446 |
| &nbsp;&nbsp;&nbsp;&nbsp;French Government Bonds | (4) | 12/08/2025 | 569886 | (451) |
| &nbsp;&nbsp;&nbsp;&nbsp;FTSE/JSE Top 40 Index | (2) | 12/18/2025 | 118305 | (1588) |
| &nbsp;&nbsp;&nbsp;&nbsp;Hard Red Winter Wheat | (20) | 12/12/2025 | 497750 | 31662 |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE 3 Month SONIA Rate | (5) | 09/15/2026 | 1619511 | 164 |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE 3 Month SONIA Rate | (2) | 12/15/2026 | 648107 | (187) |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE 3 Month SONIA Rate | (1) | 12/14/2027 | 323835 | (85) |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE 3 Month SONIA Rate | (1) | 03/14/2028 | 323734 | (51) |
| &nbsp;&nbsp;&nbsp;&nbsp;ICE European Climate Exchange Emissions | (1) | 12/15/2025 | 88899 | 1099 |
| &nbsp;&nbsp;&nbsp;&nbsp;Japanese 10 Year Government Bonds | (8) | 12/15/2025 | 7345708 | 68223 |
| &nbsp;&nbsp;&nbsp;&nbsp;Japanese Yen | (40) | 12/15/2025 | 3407000 | (25431) |
| &nbsp;&nbsp;&nbsp;&nbsp;Lean Hogs | (2) | 12/12/2025 | 70980 | 35 |
| &nbsp;&nbsp;&nbsp;&nbsp;London Cocoa | (3) | 12/11/2025 | 190841 | 25429 |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Aluminum<sup>(a)</sup> | (3) | 12/15/2025 | 201067 | (5484) |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Copper<sup>(a)</sup> | (3) | 12/15/2025 | 770357 | (35100) |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Nickel<sup>(a)</sup> | (3) | 12/15/2025 | 273788 | (3116) |
| &nbsp;&nbsp;&nbsp;&nbsp;London Metals - Zinc<sup>(a)</sup> | (3) | 12/15/2025 | 222686 | (5215) |
| &nbsp;&nbsp;&nbsp;&nbsp;Long Gilt | (45) | 12/29/2025 | 5497680 | (11871) |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI EAFE Index | (4) | 12/19/2025 | 557060 | (381) |
| &nbsp;&nbsp;&nbsp;&nbsp;MSCI Emerging Markets Index | (4) | 12/19/2025 | 271940 | (706) |
| &nbsp;&nbsp;&nbsp;&nbsp;Nasdaq 100 Index | (1) | 12/19/2025 | 498035 | (1382) |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural Gas | (22) | 10/29/2025 | 726660 | (6784) |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural Gas | (1) | 11/25/2025 | 38800 | (372) |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural Gas | (2) | 12/29/2025 | 83540 | 736 |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural Gas | (1) | 01/28/2026 | 39790 | (142) |
| &nbsp;&nbsp;&nbsp;&nbsp;Natural Gas | (1) | 02/25/2026 | 36230 | (172) |
| &nbsp;&nbsp;&nbsp;&nbsp;New Zealand Dollar | (23) | 12/15/2025 | 1337335 | (858) |
| &nbsp;&nbsp;&nbsp;&nbsp;Nifty 50 Index | (6) | 10/28/2025 | 297138 | 3312 |
| &nbsp;&nbsp;&nbsp;&nbsp;NY Harbor ULSD | (1) | 11/28/2025 | 96613 | 548 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reformulated Gasoline Blendstock | (3) | 10/31/2025 | 242210 | 276 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reformulated Gasoline Blendstock | (2) | 11/28/2025 | 157475 | 572 |
| &nbsp;&nbsp;&nbsp;&nbsp;Reformulated Gasoline Blendstock | (1) | 12/31/2025 | 77750 | 645 |
| &nbsp;&nbsp;&nbsp;&nbsp;Russell 2000 Index | (11) | 12/19/2025 | 1350525 | (3248) |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P 500 Index | (3) | 12/19/2025 | 1010812 | (2380) |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P Mid Cap 400 Index | (1) | 12/19/2025 | 328620 | 6058 |
| &nbsp;&nbsp;&nbsp;&nbsp;S&P/Toronto Stock Exchange 60 Index | (1) | 12/18/2025 | 254768 | (317) |
| &nbsp;&nbsp;&nbsp;&nbsp;SET50 Index | (15) | 12/29/2025 | 75525 | 276 |
| &nbsp;&nbsp;&nbsp;&nbsp;Soybean Meal | (39) | 12/12/2025 | 1065870 | 43763 |
| &nbsp;&nbsp;&nbsp;&nbsp;Soybeans | (54) | 11/14/2025 | 2704725 | 59629 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sugar #11 | (32) | 02/27/2026 | 594944 | (3254) |
| &nbsp;&nbsp;&nbsp;&nbsp;Swiss Franc | (4) | 12/15/2025 | 633650 | 85 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 2 Year Notes | (66) | 12/31/2025 | 13754297 | (7208) |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Note | (51) | 12/31/2025 | 5568961 | 2258 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Ultra Bonds | (1) | 12/19/2025 | 120063 | (314) |
| &nbsp;&nbsp;&nbsp;&nbsp;Wheat | (45) | 12/12/2025 | 1143000 | 115692 |
|  |  |  |  | $304155 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $2015700 |

---

(a) London Metal Exchange ("LME") futures contracts settle on their respective maturity date, and do not have daily cash movements like other futures contracts.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** | **LoCorr Hedged Core Fund** |
| **Consolidated Schedule of Forward Currency Contracts** | **Consolidated Schedule of Forward Currency Contracts** | **Consolidated Schedule of Forward Currency Contracts** | **Consolidated Schedule of Forward Currency Contracts** | **Consolidated Schedule of Forward Currency Contracts** | **Consolidated Schedule of Forward Currency Contracts** | **Consolidated Schedule of Forward Currency Contracts** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br> **Appreciation**<br> (Depreciation) |
| Bank of America | 10/01/2025 | AUD | 115000 | USD | 75659 | $438 |
| Bank of America | 10/02/2025 | AUD | 123000 | USD | 81261 | 130 |
| Bank of America | 12/17/2025 | AUD | 5061000 | USD | 3365214 | (13230) |
| Bank of America | 10/01/2025 | CAD | 1149000 | USD | 825478 | 171 |
| Bank of America | 10/15/2025 | CAD | 1800000 | USD | 1294620 | (241) |
| Bank of America | 12/17/2025 | CAD | 771000 | USD | 562242 | (6168) |
| Bank of America | 10/01/2025 | CHF | 24000 | USD | 30099 | 54 |
| Bank of America | 10/02/2025 | CHF | 6000 | USD | 7536 | 3 |
| Bank of America | 12/17/2025 | CHF | 4673000 | USD | 5932664 | (6444) |
| Bank of America | 10/09/2025 | CNH | 3280000 | USD | 460391 | 74 |
| Bank of America | 10/10/2025 | CNH | 6300000 | USD | 883768 | 728 |
| Bank of America | 10/15/2025 | CNH | 37080000 | USD | 5225243 | (17427) |
| Bank of America | 11/19/2025 | CNH | 8670000 | USD | 1220182 | 534 |
| Bank of America | 10/01/2025 | EUR | 9000 | USD | 10557 | 10 |
| Bank of America | 10/02/2025 | EUR | 61000 | USD | 71608 | 18 |
| Bank of America | 10/15/2025 | EUR | 6810000 | USD | 7992291 | 10628 |
| Bank of America | 11/19/2025 | EUR | 290000 | USD | 341333 | 167 |
| Bank of America | 12/17/2025 | EUR | 6233000 | USD | 7346871 | 4527 |
| Bank of America | 10/01/2025 | GBP | 146000 | USD | 196172 | 185 |
| Bank of America | 10/02/2025 | GBP | 4000 | USD | 5376 | 4 |
| Bank of America | 10/15/2025 | GBP | 3610000 | USD | 4874397 | (18854) |
| Bank of America | 11/19/2025 | GBP | 720000 | USD | 968894 | (403) |
| Bank of America | 12/17/2025 | GBP | 5042000 | USD | 6838288 | (56703) |
| Bank of America | 10/01/2025 | JPY | 18114000 | USD | 121900 | 600 |
| Bank of America | 10/02/2025 | JPY | 11309000 | USD | 76483 | 5 |
| Bank of America | 10/15/2025 | JPY | 670000000 | USD | 4546686 | (8472) |
| Bank of America | 12/17/2025 | JPY | 89709000 | USD | 614986 | (3376) |
| Bank of America | 10/15/2025 | MXN | 66480000 | USD | 3570181 | 53911 |
| Bank of America | 12/17/2025 | MXN | 49335000 | USD | 2628939 | 42250 |
| Bank of America | 10/01/2025 | NZD | 405000 | USD | 234147 | 660 |
| Bank of America | 10/02/2025 | NZD | 517000 | USD | 299758 | (6) |
| Bank of America | 12/17/2025 | NZD | 2006000 | USD | 1199863 | (33248) |
| Bank of America | 10/01/2025 | USD | 75502 | AUD | 115000 | (595) |
| Bank of America | 10/02/2025 | USD | 81335 | AUD | 123000 | (57) |
| Bank of America | 12/17/2025 | USD | 795480 | AUD | 1209000 | (5261) |
| Bank of America | 10/01/2025 | USD | 825103 | CAD | 1149000 | (546) |
| Bank of America | 10/15/2025 | USD | 6185593 | CAD | 8520000 | 58865 |
| Bank of America | 12/17/2025 | USD | 5507553 | CAD | 7603000 | 23990 |
| Bank of America | 10/01/2025 | USD | 30121 | CHF | 24000 | (31) |
| Bank of America | 10/02/2025 | USD | 7538 | CHF | 6000 | (1) |
| Bank of America | 12/17/2025 | USD | 397429 | CHF | 314000 | (780) |
| Bank of America | 10/09/2025 | USD | 460237 | CNH | 3280000 | (228) |
| Bank of America | 10/10/2025 | USD | 883930 | CNH | 6300000 | (565) |
| Bank of America | 10/15/2025 | USD | 5214471 | CNH | 37080000 | 6654 |
| Bank of America | 11/19/2025 | USD | 5012860 | CNH | 35660000 | (7985) |
| Bank of America | 10/01/2025 | USD | 10550 | EUR | 9000 | (17) |
| Bank of America | 10/02/2025 | USD | 71602 | EUR | 61000 | (24) |
| Bank of America | 10/15/2025 | USD | 8012046 | EUR | 6810000 | 9128 |
| Bank of America | 12/17/2025 | USD | 619781 | EUR | 526000 | (600) |
| Bank of America | 10/01/2025 | USD | 196236 | GBP | 146000 | (121) |
| Bank of America | 10/02/2025 | USD | 5379 | GBP | 4000 | (1) |
| Bank of America | 10/15/2025 | USD | 4884696 | GBP | 3610000 | 29154 |
| Bank of America | 12/17/2025 | USD | 1692736 | GBP | 1260000 | (1987) |
| Bank of America | 10/01/2025 | USD | 121844 | JPY | 18114000 | (657) |
| Bank of America | 10/02/2025 | USD | 76422 | JPY | 11309000 | (66) |
| Bank of America | 10/15/2025 | USD | 7542899 | JPY | 1113000000 | 4045 |
| Bank of America | 12/17/2025 | USD | 3515189 | JPY | 514000000 | 10890 |
| Bank of America | 10/15/2025 | USD | 1939186 | MXN | 36030000 | (24955) |
| Bank of America | 12/17/2025 | USD | 33375 | MXN | 621000 | (248) |
| Bank of America | 10/01/2025 | USD | 234507 | NZD | 405000 | (300) |
| Bank of America | 10/02/2025 | USD | 299836 | NZD | 517000 | 84 |
| Bank of America | 12/17/2025 | USD | 2989368 | NZD | 5078000 | 36190 |
| Deutsche Bank | 10/15/2025 | AUD | 2450000 | USD | 1617073 | 4468 |
| Deutsche Bank | 10/15/2025 | BRL | 23440000 | USD | 4283458 | 103790 |
| Deutsche Bank | 10/15/2025 | CHF | 2450000 | USD | 3094005 | (10458) |
| Deutsche Bank | 10/15/2025 | CLP | 199000000 | USD | 206021 | 979 |
| Deutsche Bank | 11/19/2025 | CLP | 15000000 | USD | 15587 | 16 |
| Deutsche Bank | 10/15/2025 | ILS | 1380000 | USD | 412722 | 3915 |
| Deutsche Bank | 10/15/2025 | INR | 36660000 | USD | 415535 | (3009) |
| Deutsche Bank | 10/15/2025 | KRW | 1091000000 | USD | 786853 | (8677) |
| Deutsche Bank | 11/19/2025 | KRW | 143000000 | USD | 102185 | (13) |
| Deutsche Bank | 10/15/2025 | NOK | 17690000 | USD | 1787463 | (14647) |
| Deutsche Bank | 11/19/2025 | NOK | 150000 | USD | 15035 | (1) |
| Deutsche Bank | 10/15/2025 | NZD | 4170000 | USD | 2457465 | (38486) |
| Deutsche Bank | 10/15/2025 | PLN | 3970000 | USD | 1091404 | 627 |
| Deutsche Bank | 10/15/2025 | SEK | 13350000 | USD | 1426910 | (7402) |
| Deutsche Bank | 11/19/2025 | SEK | 2390000 | USD | 256236 | (1549) |
| Deutsche Bank | 10/15/2025 | SGD | 2190000 | USD | 1714376 | (14482) |
| Deutsche Bank | 11/19/2025 | SGD | 580000 | USD | 451534 | (132) |
| Deutsche Bank | 10/15/2025 | USD | 4726291 | AUD | 7180000 | (25816) |
| Deutsche Bank | 10/15/2025 | USD | 2028560 | BRL | 10970000 | (24687) |
| Deutsche Bank | 10/15/2025 | USD | 3081684 | CHF | 2450000 | (1863) |
| Deutsche Bank | 11/19/2025 | USD | 3252168 | CHF | 2580000 | (8534) |
| Deutsche Bank | 10/15/2025 | USD | 205603 | CLP | 199000000 | (1398) |
| Deutsche Bank | 11/19/2025 | USD | 15642 | CLP | 15000000 | 39 |
| Deutsche Bank | 10/15/2025 | USD | 267705 | ILS | 890000 | (995) |
| Deutsche Bank | 10/15/2025 | USD | 657108 | INR | 58110000 | 3209 |
| Deutsche Bank | 10/15/2025 | USD | 785242 | KRW | 1091000000 | 7066 |
| Deutsche Bank | 11/19/2025 | USD | 168767 | KRW | 237000000 | (567) |
| Deutsche Bank | 10/15/2025 | USD | 1772182 | NOK | 17690000 | (632) |
| Deutsche Bank | 11/19/2025 | USD | 156416 | NOK | 1560000 | 62 |
| Deutsche Bank | 10/15/2025 | USD | 4996735 | NZD | 8520000 | 54361 |
| Deutsche Bank | 10/15/2025 | USD | 622329 | PLN | 2260000 | 668 |
| Deutsche Bank | 10/15/2025 | USD | 1427928 | SEK | 13350000 | 8420 |
| Deutsche Bank | 11/19/2025 | USD | 840878 | SEK | 7910000 | (2043) |
| Deutsche Bank | 10/15/2025 | USD | 1706582 | SGD | 2190000 | 6688 |
| Deutsche Bank | 11/19/2025 | USD | 970443 | SGD | 1250000 | (2405) |
| Deutsche Bank | 10/15/2025 | USD | 1048338 | ZAR | 18390000 | (15367) |
| Deutsche Bank | 11/19/2025 | USD | 194579 | ZAR | 3390000 | (1009) |
| Deutsche Bank | 10/15/2025 | ZAR | 18390000 | USD | 1052979 | 10727 |
| Deutsche Bank | 11/19/2025 | ZAR | 8640000 | USD | 499310 | (820) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $104543 |
| AUD - Australian Dollars | AUD - Australian Dollars | AUD - Australian Dollars | AUD - Australian Dollars | AUD - Australian Dollars | AUD - Australian Dollars | AUD - Australian Dollars |
| BRL - Brazilian Real | BRL - Brazilian Real | BRL - Brazilian Real | BRL - Brazilian Real | BRL - Brazilian Real | BRL - Brazilian Real | BRL - Brazilian Real |
| CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar |
| CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc |
| CLP - Chilean Peso | CLP - Chilean Peso | CLP - Chilean Peso | CLP - Chilean Peso | CLP - Chilean Peso | CLP - Chilean Peso | CLP - Chilean Peso |
| CNH - Chinese Offshore Renminbi | CNH - Chinese Offshore Renminbi | CNH - Chinese Offshore Renminbi | CNH - Chinese Offshore Renminbi | CNH - Chinese Offshore Renminbi | CNH - Chinese Offshore Renminbi | CNH - Chinese Offshore Renminbi |
| EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro |
| GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound |
| ILS - Israeli New Shekel | ILS - Israeli New Shekel | ILS - Israeli New Shekel | ILS - Israeli New Shekel | ILS - Israeli New Shekel | ILS - Israeli New Shekel | ILS - Israeli New Shekel |
| INR - Indian Rupee | INR - Indian Rupee | INR - Indian Rupee | INR - Indian Rupee | INR - Indian Rupee | INR - Indian Rupee | INR - Indian Rupee |
| JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen |
| KRW - South Korean Won | KRW - South Korean Won | KRW - South Korean Won | KRW - South Korean Won | KRW - South Korean Won | KRW - South Korean Won | KRW - South Korean Won |
| MXN - Mexican Peso | MXN - Mexican Peso | MXN - Mexican Peso | MXN - Mexican Peso | MXN - Mexican Peso | MXN - Mexican Peso | MXN - Mexican Peso |
| NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone |
| NZD - New Zealand Dollar | NZD - New Zealand Dollar | NZD - New Zealand Dollar | NZD - New Zealand Dollar | NZD - New Zealand Dollar | NZD - New Zealand Dollar | NZD - New Zealand Dollar |
| PLN - Polish Zloty | PLN - Polish Zloty | PLN - Polish Zloty | PLN - Polish Zloty | PLN - Polish Zloty | PLN - Polish Zloty | PLN - Polish Zloty |
| SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona |
| SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar |
| USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar |
| ZAR - South African Rand | ZAR - South African Rand | ZAR - South African Rand | ZAR - South African Rand | ZAR - South African Rand | ZAR - South African Rand | ZAR - South African Rand |

---

------

**---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| LoCorr Hedged Core Fund | LoCorr Hedged Core Fund | LoCorr Hedged Core Fund | LoCorr Hedged Core Fund | LoCorr Hedged Core Fund | LoCorr Hedged Core Fund | LoCorr Hedged Core Fund | LoCorr Hedged Core Fund |  |
| Consolidated Schedule of Swap Contracts | Consolidated Schedule of Swap Contracts | Consolidated Schedule of Swap Contracts | Consolidated Schedule of Swap Contracts | Consolidated Schedule of Swap Contracts | Consolidated Schedule of Swap Contracts | Consolidated Schedule of Swap Contracts | Consolidated Schedule of Swap Contracts |  |
| September 30, 2025 | (Unaudited) |  |  |  |  |  |  |  |
| LONG TOTAL RETURN SWAP CONTRACTS | LONG TOTAL RETURN SWAP CONTRACTS |  |  |  |  |  |  |  |
| Termination Date | Reference Index | Financing Rate | Payment Frequency | Notional Amount | Value | Advance Receipt on Swap Contracts (Received)/Paid | Unrealized<br> (Depreciation) | Counterparty |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7/20/2029 | LoCorr Hedged Core Index# | 0.50% | Quarterly | $52228071 | $(696073) | $– | $(696073) | Deutsche Bank AG |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The underlying components of the basket as of September 30, 2025 are shown below:# | The underlying components of the basket as of September 30, 2025 are shown below:# |  |  |  |
|  |  | Number of Contracts |  | Concentration % |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Description | Expiration Date | Purchased (Sold) | Notional Amount | of Exposure |
| Futures Contracts: |  |  |  |  |
| Purchase Contracts:<sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brent Crude (ICE) | Oct-25 | 503 | $33179970 | 13.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas | Jan-26 | 494 | 19659874 | 8.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WTI Crude (NYMEX) | Oct-25 | 160 | 10006512 | 4.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas | Oct-25 | 263 | 8658152 | 3.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper (COMEX) | Mar-26 | 41 | 5056896 | 2.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heating Oil | Nov-25 | 40 | 3829346 | 1.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheat | Dec-25 | 115 | 2963369 | 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas | Feb-26 | 69 | 2513781 | 1.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soybean | Nov-25 | 49 | 2473827 | 1.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corn | Mar-26 | 112 | 2438554 | 0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas | Apr-26 | 67 | 2353851 | 0.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gasoline RBOB | Nov-25 | 28 | 2221692 | 0.91% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Live Cattle | Oct-25 | 21 | 1953853 | 0.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gold | Dec-25 | 4 | 1712719 | 0.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Silver | Dec-25 | 7 | 1664858 | 0.68% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | Feb-26 | 175 | 1589897 | 0.65% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sugar No.11 | Feb-26 | 65 | 1212761 | 0.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lean Hogs | Feb-26 | 29 | 1062082 | 0.43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Low Sulphur Gasoil | Nov-25 | 15 | 1040256 | 0.42% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coffee | Mar-26 | 7 | 901687 | 0.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lean Hogs | Oct-25 | 22 | 895855 | 0.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper (LME) | Dec-25 | 3 | 882305 | 0.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | Sep-27 | 91 | 872859 | 0.36% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corn | May-26 | 39 | 867226 | 0.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | Jul-27 | 91 | 865931 | 0.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | Jun-27 | 91 | 855027 | 0.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | Aug-27 | 88 | 831403 | 0.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | May-27 | 88 | 790822 | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | Apr-27 | 91 | 785289 | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas (NYMEX) | Mar-27 | 88 | 764209 | 0.31% |
| Total Purchase Contracts |  |  | 114904863 | 46.84% |
| Sale Contracts:<sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brent Crude (ICE) | Nov-25 | (442) | $28997639 | 11.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas | Dec-25 | (651) | 27195323 | 11.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Natural Gas | Nov-25 | (261) | 10129500 | 4.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WTI Crude (NYMEX) | Nov-25 | (130) | 8048463 | 3.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soybean | Jan-26 | (123) | 6269561 | 2.56% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Copper (COMEX) | Dec-25 | (47) | 5651105 | 2.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Corn | Dec-25 | (213) | 4453079 | 1.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Heating Oil | Oct-25 | (36) | 3533524 | 1.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wheat | Mar-26 | (113) | 3022731 | 1.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gasoline RBOB | Oct-25 | (30) | 2402311 | 0.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lean Hogs | Dec-25 | (67) | 2400711 | 0.98% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; WTI Crude (NYMEX) | Dec-25 | (34) | 2081540 | 0.85% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Live Cattle | Dec-25 | (22) | 2040565 | 0.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sugar No.11 | Apr-26 | (72) | 1300849 | 0.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brent Crude (ICE) | Jan-26 | (18) | 1188283 | 0.48% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soybean Oil | Dec-25 | (29) | 851777 | 0.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Palladium | Dec-25 | (7) | 849997 | 0.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brent Crude (ICE) | Dec-25 | (12) | 801496 | 0.33% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Low Sulphur Gasoil | Oct-25 | (11) | 791683 | 0.32% |
| Total Sale Contracts |  |  | 112010137 | 45.67% |
| Other Futures Contracts |  |  | 14604299 | 5.98% |
| Total Futures Contracts |  |  | 241519299 | 98.49% |
| Cash and Foreign Currency: |  |  |  |  |
| Cash and Foreign Currency Purchased:<sup>(1)</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Dollar |  |  | $3038668 | 1.24% |
| Other Cash and Foreign Currency |  |  | 409738 | 0.17% |
| Total Cash and Foreign Currency |  |  | 3448406 | 1.41% |
| Forward Currency Contracts |  |  | 256790 | 0.10% |
| Total Underlying Positions |  |  | $245224495 | 100.00% |

---

# The investment is not a direct holding of LoCorr Hedged Core Fund. The top 50 holdings and other futures contracts, other forward currency contracts, and other cash and foreign currency were determined based on the absolute notional amount of the positions within the underlying swap basket.

<sup>(1)</sup> Represents the 50 largest components of the basket.

The accompanying notes are an integral part of these consolidated financial statements.**

------

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
LoCorr Hedged Core Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | $– | $77502770 | $– | $77502770 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 48219406 | – | 48219406 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 28418182 | – | 28418182 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 21468822 | – | 21468822 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commodity Pools<sup>(a)</sup> | – | – | – | 19464516 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 14748710 | – | 14748710 |
| Total Investments | $– | $190357890 | $– | $209822406 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $2497155 | $– | $– | $2497155 |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | – | 499132 | – | 499132 |
| Total Other Financial Instruments | $2497155 | $499132 | $– | $2996287 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Return Swaps\* | $– | $(696073) | $– | $(696073) |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | (481455) | – | – | (481455) |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | – | (394589) | – | (394589) |
| Total Other Financial Instruments | $(481455) | $(1090662) | $– | $(1572117) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of September 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair
 value amount of $19,464,516 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LoCorr Investment Trust

- **b. Investment Company Act file number:** 811-22509

- **c. CIK number of Registrant:** 0001506768

- **d. LEI of Registrant:** 54930075F5KEPQITLS33

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

  - **Street Address 1:** 687 Excelsior Blvd

  - **City:** Excelsior

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55331

  - **Telephone number:** 952-767-2920

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

- **a. Name of Series:** LoCorr Hedged Core Fund

- **b. EDGAR series identifier (if any):** S000084437

- **c. LEI of Series:** 52990054J3L7XVZL3M95

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $252192027.00

**Total Liabilities:** $6362216.84

**Net Assets:** $245829810.16

**Amount of Assets Invested in Other Investment Companies:** $31674181.56

**Delayed Delivery Securities:** $1296750.00

**Cash Not Reported:** $21803403.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 11203.680000000000 | **1-Year:** 23846.190000000000 | **5-Year:** 26510.970000000000 | **10-Year:** 63.450000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248819 | 0.21%                | 0.11%                | 1.15%                |
| Class ID C000248820 | 0.21%                | 0.10%                | 1.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-146346.30              | $-116104.29                                |
| Month 2  | $-283487.39              | $902432.14                                 |
| Month 3  | $63653.85                | $-83114.94                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Carvana Auto Receivables Trust       | Carvana Auto Receivables Trust 2024-P4                    | CUSIP: 14076LAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $503055.00    | 0.20%             | 2030-01-10      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust       | Carvana Auto Receivables Trust 2023-P1                    | CUSIP: 14688EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $509137.65    | 0.21%             | 2029-01-10      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                        | Citigroup Inc                                             | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    540000 | PA      | $540342.29    | 0.22%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                          | Citibank NA                                               | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    880000 | PA      | $887949.30    | 0.36%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II              | GLP Capital LP / GLP Financing II Inc                     | CUSIP: 361841AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $184994.64    | 0.08%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II              | GLP Capital LP / GLP Financing II Inc                     | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $285665.96    | 0.12%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC                | Haleon US Capital LLC                                     | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1054071.41   | 0.43%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                    | General Mills Inc                                         | CUSIP: 370334DA9<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    595000 | PA      | $607554.76    | 0.25%             | 2030-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO               | General Motors Financial Co Inc                           | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    740000 | PA      | $758209.56    | 0.31%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin       | GM Financial Automobile Leasing Trust 2024-3              | CUSIP: 38012QAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250496.18    | 0.10%             | 2027-10-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC              | Goldman Sachs Group Inc/The                               | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    315000 | PA      | $335295.35    | 0.14%             | 2029-10-24      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC              | Goldman Sachs Group Inc/The                               | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    360000 | PA      | $372249.66    | 0.15%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HCA INC                              | HCA Inc                                                   | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    325000 | PA      | $331029.34    | 0.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                       | Home Depot Inc/The                                        | CUSIP: 437076DB5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    410000 | PA      | $416836.28    | 0.17%             | 2027-06-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                  | HSCEI Futures     Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | HK        |        13 | NC      | $10378.36     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | HANG SENG IDX FUT Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | HK        |        28 | NC      | $59510.69     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ILS/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1125.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | ILS/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $3914.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | INR/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2998.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | INR/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $3209.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JPN 10Y BOND(OSE) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | JP        |        -8 | NC      | $68223.32     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | IFSC NIFTY 50 FUT Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | IN        |        -6 | NC      | $3311.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | JPY/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-655.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JPY/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $599.74       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JPY/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-7579.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JPY/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $4045.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JPY/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-3398.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JPY/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $10914.11     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | JPN YEN CURR FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -62 | NC      | $-43630.02    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | KOSPI2 INX FUT    Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | KR        |        11 | NC      | $15164.47     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | KRW/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-8676.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | KRW/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $7066.17      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | KRW/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-562.52      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | KC HRW WHEAT FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -20 | NC      | $31661.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Commodity-Polaris II Fund LLC | Galaxy Commodity-Polaris II Fund LLC                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     27774 | NS      | $19464516.18  | 7.92%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | LEAN HOGS FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -2 | NC      | $35.18        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ICE 3MTH SONIA FU Mar27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $-68.17       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ICE 3MTH SONIA FU Jun26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -5 | NC      | $163.46       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ICE 3MTH SONIA FU Dec26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        18 | NC      | $-1876.36     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ICE 3MTH SONIA FU Dec27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $-51.36       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NY Harb ULSD Fut  Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        20 | NC      | $4365.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NZD/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-300.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NZD/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $660.31       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NZD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-38548.83    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| AT&T INC                             | AT&T Inc                                                  | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    625000 | PA      | $606705.48    | 0.25%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                           | AbbVie Inc                                                | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    235000 | PA      | $240391.98    | 0.10%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA             | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1055000 | PA      | $1077700.55   | 0.44%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AMCOR GROUP FINANCE                  | Amcor Group Finance PLC                                   | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |    235000 | PA      | $242848.85    | 0.10%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                | American Homes 4 Rent LP                                  | CUSIP: 02666TAB3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259434.67    | 0.11%             | 2029-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                            | Amgen Inc                                                 | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    615000 | PA      | $629479.40    | 0.26%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust        | ARDN 2025-ARCP Mortgage Trust                             | CUSIP: 039961AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999787.10    | 0.41%             | 2035-06-15      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| BX Trust                             | BX Trust 2021-VIEW                                        | CUSIP: 05606GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    720000 | PA      | $718425.00    | 0.29%             | 2036-06-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| BX Trust                             | BX Trust 2023-DELC                                        | CUSIP: 05610DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $523243.03    | 0.21%             | 2038-05-15      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| BX Trust                             | BX Commercial Mortgage Trust 2022-AHP                     | CUSIP: 05610FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $899437.50    | 0.37%             | 2039-01-17      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust              | BMW Vehicle Lease Trust                                   | CUSIP: 05613MAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250751.95    | 0.10%             | 2027-10-25      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                 | Bank of America Corp                                      | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1450487.06   | 0.59%             | 2028-04-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                 | Bank of America Corp                                      | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2074904.13   | 0.84%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON              | Bank of New York Mellon/The                               | CUSIP: 06405LAF8<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1670203.62   | 0.68%             | 2027-04-20      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| BOEING CO                            | Boeing Co/The                                             | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    915000 | PA      | $893839.62    | 0.36%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                      | BofA Auto Trust 2024-1                                    | CUSIP: 09709AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252464.73    | 0.10%             | 2028-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART               | Brixmor Operating Partnership LP                          | CUSIP: 11120VAC7<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    280000 | PA      | $279553.65    | 0.11%             | 2026-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                         | Broadcom Inc                                              | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    355000 | PA      | $360440.61    | 0.15%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                    | Brown & Brown Inc                                         | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377002.82    | 0.15%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                      | CVS Health Corp                                           | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    995000 | PA      | $985787.45    | 0.40%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                      | CVS Health Corp                                           | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    575000 | PA      | $586288.29    | 0.24%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execut       | Capital One Multi-Asset Execution Trust                   | CUSIP: 14041NGE5<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $600530.04    | 0.24%             | 2029-09-15      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust              | CarMax Auto Owner Trust 2024-4                            | CUSIP: 14290DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $404224.24    | 0.16%             | 2029-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                  | CNH Equipment Trust 2024-C                                | CUSIP: 18978GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250527.45    | 0.10%             | 2030-01-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2022-R04              | CUSIP: 20753YCK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1541010.00   | 0.63%             | 2042-03-25      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2023-R06              | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $619953.66    | 0.25%             | 2043-07-25      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2022-R07              | CUSIP: 20754MCB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $581755.13    | 0.24%             | 2042-06-25      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2022-R06              | CUSIP: 20754NAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1560382.50   | 0.63%             | 2042-05-25      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2023-R04              | CUSIP: 20754QAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1581570.00   | 0.64%             | 2043-05-25      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2022-R08              | CUSIP: 20755DAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $520000.00    | 0.21%             | 2042-07-25      | Floating      | 7.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2023-R01              | CUSIP: 207932AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $262500.00    | 0.11%             | 2042-12-25      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2023-R05              | CUSIP: 207942AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $779062.50    | 0.32%             | 2043-06-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                   | Credit Agricole SA                                        | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $256584.56    | 0.10%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| DK Trust                             | DK Trust 2025-LXP                                         | CUSIP: 23292LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750000.00    | 0.31%             | 2037-08-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                     | Deutsche Bank AG/New York NY                              | CUSIP: 251526CX5<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    290000 | PA      | $294225.34    | 0.12%             | 2030-09-11      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                | Duke Energy Carolinas LLC                                 | CUSIP: 26442CBP8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    525000 | PA      | $539483.15    | 0.22%             | 2030-03-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| EMD FINANCE LLC                      | EMD Finance LLC                                           | CUSIP: 26867LAN0<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475219.11    | 0.19%             | 2028-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                         | Enbridge Inc                                              | CUSIP: 29250NBX2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    445000 | PA      | $468178.06    | 0.19%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                   | Energy Transfer LP                                        | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    975000 | PA      | $993251.96    | 0.40%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC       | Enterprise Fleet Financing 2025-1 LLC                     | CUSIP: 29390HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016606.50   | 0.41%             | 2029-02-20      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                   | Essex Portfolio LP                                        | CUSIP: 29717PAY3<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              | CORP              | US        |    240000 | PA      | $226475.24    | 0.09%             | 2028-03-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK               | Federal Home Loan Banks                                   | CUSIP: 3130ATHW0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    425000 | PA      | $428994.07    | 0.17%             | 2027-09-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK               | Federal Home Loan Banks                                   | CUSIP: 3130ATUS4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1100000 | PA      | $1111797.28   | 0.45%             | 2027-12-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK               | Federal Home Loan Banks                                   | CUSIP: 3130AWGR5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    500000 | PA      | $501957.89    | 0.20%             | 2026-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK               | Federal Home Loan Banks                                   | CUSIP: 3130AWTQ3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $252256.19    | 0.10%             | 2026-09-11      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK               | Federal Home Loan Banks                                   | CUSIP: 3130B2PJ8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $249723.98    | 0.10%             | 2026-09-04      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK               | Federal Home Loan Banks                                   | CUSIP: 3130B3A29<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    700000 | PA      | $702607.14    | 0.29%             | 2026-10-09      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK               | Federal Home Loan Banks                                   | CUSIP: 3130B5K64<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3000000 | PA      | $3014654.88   | 1.23%             | 2027-03-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK             | Federal Farm Credit Banks Funding Corp                    | CUSIP: 3133ENAF7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $973351.65    | 0.40%             | 2026-10-07      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK             | Federal Farm Credit Banks Funding Corp                    | CUSIP: 3133ERRW3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    400000 | PA      | $400532.48    | 0.16%             | 2026-09-03      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK             | Federal Farm Credit Banks Funding Corp                    | CUSIP: 3133ERT84<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $2020502.86   | 0.82%             | 2028-01-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK             | Federal Farm Credit Banks Funding Corp                    | CUSIP: 3133ERTT8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    425000 | PA      | $423715.29    | 0.17%             | 2027-06-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK             | Federal Farm Credit Banks Funding Corp                    | CUSIP: 3133ERZ46<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2388000 | PA      | $2417940.03   | 0.98%             | 2028-01-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK             | Federal Farm Credit Banks Funding Corp                    | CUSIP: 3133ETFH5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $2005084.72   | 0.82%             | 2028-04-26      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                           | Federal National Mortgage Association                     | CUSIP: 3135G0Q22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    250000 | PA      | $245591.23    | 0.10%             | 2026-09-24      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS               | Federation des Caisses Desjardins du Quebec               | CUSIP: 31429KAK9<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    535000 | PA      | $554630.38    | 0.23%             | 2028-03-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO             | Florida Power & Light Co                                  | CUSIP: 341081GK7<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    605000 | PA      | $620873.77    | 0.25%             | 2028-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO             | Florida Power & Light Co                                  | CUSIP: 341081GN1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    765000 | PA      | $773776.22    | 0.31%             | 2028-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust         | Ford Credit Auto Owner Trust 2024-C                       | CUSIP: 34532UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250723.20    | 0.10%             | 2029-07-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| MIRA Trust                           | MIRA Trust 2023-MILE                                      | CUSIP: 55318EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $781130.10    | 0.32%             | 2038-06-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                       | Morgan Stanley                                            | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    875000 | PA      | $903408.09    | 0.37%             | 2031-04-17      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK              | Morgan Stanley Private Bank NA                            | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    940000 | PA      | $954156.88    | 0.39%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| MTN Commercial Mortgage Trust        | MTN Commercial Mortgage Trust 2022-LPFL                   | CUSIP: 62475WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    825000 | PA      | $824742.19    | 0.34%             | 2039-03-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                      | MVW 2025-1 LLC                                            | CUSIP: 627924AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    772081 | PA      | $782004.54    | 0.32%             | 2042-09-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust             | NRTH Commercial Mortgage Trust 2025-PARK                  | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1296750.00   | 0.53%             | 2040-10-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust             | NRTH 2024-PARK Mortgage Trust                             | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    597000 | PA      | $595691.20    | 0.24%             | 2039-03-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| N/A                                  | FTSE/JSE TOP 40   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | ZA        |        -3 | NC      | $-3183.58     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 10YR MINI JGB FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | SG        |       -17 | NC      | $14829.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CORN FUTURE       Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |      -143 | NC      | $104748.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CAD/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-380.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CAD/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $110.60       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CAC40 10 EURO FUT Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | FR        |        -6 | NC      | $-5564.17     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CAC40 10 EURO FUT Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | FR        |        23 | NC      | $24610.81     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CNH/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $6654.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CNH/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-7985.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CNH/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $81.42        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | COTTON NO.2 FUTR  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -16 | NC      | $10113.15     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | DJIA MINI e-CBOT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-11454.84    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | DJIA MINI e-CBOT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        19 | NC      | $38269.59     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO-SCHATZ FUT   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |      -263 | NC      | $9155.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO-SCHATZ FUT   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        17 | NC      | $-879.81      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | DOLLAR INDEX      Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -5 | NC      | $-444.10      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO FX CURR FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -4 | NC      | $-2343.39     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO FX CURR FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         4 | NC      | $671.77       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Mar27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $43.73        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Jun26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -8 | NC      | $1435.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Jun27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $102.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Sep26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -3 | NC      | $101.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Sep27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $102.44       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Dec26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $58.41        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Dec26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        88 | NC      | $-32787.34    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3MO EURO EURIBOR  Dec27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $117.11       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EUR/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-17.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | EUR/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $9.99         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | EUR/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $9127.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | EUR/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $10627.77     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | EUR/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $326.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | EUR/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-599.94      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | EUR/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $4493.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | DAX INDEX FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |         4 | NC      | $32352.07     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | COPPER FUTURE     Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -2 | NC      | $-11191.20    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | COPPER FUTURE     Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         2 | NC      | $-491.94      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | Euro-BTP Future   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        15 | NC      | $1529.29      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | COFFEE 'C' FUTURE Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         7 | NC      | $42974.66     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME ALUMINUM                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         1 | NC      | $1842.63      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME NICKEL FUTURE Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        -3 | NC      | $-3116.39     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME COPPER FUTURE Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        -3 | NC      | $-35100.33    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME COPPER FUTURE Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        13 | NC      | $131987.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ECX EMISSION      Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | NL        |        -1 | NC      | $1098.49      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | Euro-OAT Future   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        -2 | NC      | $-390.87      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | Euro-OAT Future   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         4 | NC      | $572.95       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO-BOBL FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |       -76 | NC      | $-5237.85     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | COCOA FUTURE - IC Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        -3 | NC      | $25428.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | E-Mini Russ 2000  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -13 | NC      | $1838.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | E-Mini Russ 2000  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        24 | NC      | $34160.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO-BUND FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |       -47 | NC      | $-30978.63    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO-BUND FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |        21 | NC      | $3755.23      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3 MONTH SOFR FUT  Jun26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -14 | NC      | $-2247.40     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3 MONTH SOFR FUT  Jun27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         4 | NC      | $-1268.90     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3 MONTH SOFR FUT  Sep26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -8 | NC      | $-1300.30     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3 MONTH SOFR FUT  Sep27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         5 | NC      | $-2733.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3 MONTH SOFR FUT  Dec26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -3 | NC      | $-367.30      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3 MONTH SOFR FUT  Dec26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       169 | NC      | $-8844.73     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | 3 MONTH SOFR FUT  Dec27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         2 | NC      | $-1078.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | FTSE/MIB IDX FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | IT        |        -1 | NC      | $-3811.27     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | FTSE Taiwan Index Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SG        |        11 | NC      | $1365.26      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO-BUXL 30Y BND Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | DE        |         5 | NC      | $-942.41      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO STOXX 50     Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |       -16 | NC      | $-18891.53    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | EURO STOXX 50     Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DE        |        45 | NC      | $47615.43     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | GASOLINE RBOB FUT Jan26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -1 | NC      | $644.99       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | GASOLINE RBOB FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -2 | NC      | $571.78       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | FTSE CHINA A50    Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SG        |        39 | NC      | $-2777.38     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | FTSE 100 IDX FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |        68 | NC      | $111060.71    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LEAN HOGS FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         2 | NC      | $-1675.49     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME ALUMINUM                                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        -1 | NC      | $-1686.37     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ICE 3MTH SONIA FU Sep26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -3 | NC      | $-221.33      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | ICE 3MTH SONIA FU Sep27                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |        -1 | NC      | $-84.98       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | S&P MID 400 EMINI Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -1 | NC      | $6058.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NZD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $54362.49     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NZD/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-33247.83    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NZD/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $36219.92     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | PLATINUM FUTURE   Jan26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         4 | NC      | $12030.77     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | PLN/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $668.57       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | PLN/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $921.69       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | S&P/TSX 60 IX FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |        -1 | NC      | $-317.32      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | SET50 FUTURES     Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | TH        |       -15 | NC      | $275.85       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | SOYBEAN OIL FUTR  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -12 | NC      | $9983.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | SOYBEAN OIL FUTR  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        10 | NC      | $-34435.40    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | S&P500 EMINI FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -6 | NC      | $-7210.23     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | S&P500 EMINI FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        24 | NC      | $93478.02     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US 5YR NOTE (CBT) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -48 | NC      | $2028.96      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US 5YR NOTE (CBT) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       233 | NC      | $-19713.34    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | SOYBEAN FUTURE    Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -55 | NC      | $60550.94     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | SUGAR #11 (WORLD) Mar26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -32 | NC      | $-3253.76     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | SEK/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-7401.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SEK/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $8419.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SEK/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1963.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SEK/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1548.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SGD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-14481.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SGD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $6687.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SGD/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2405.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SGD/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $9.38         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | SILVER FUTURE     Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        18 | NC      | $445950.23    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | SOYBEAN MEAL FUTR Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -41 | NC      | $44747.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | TOPIX INDX FUTR   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |        24 | NC      | $42987.02     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US 2YR NOTE (CBT) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -59 | NC      | $-7026.94     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US 2YR NOTE (CBT) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       138 | NC      | $-1518.51     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US 10YR NOTE (CBT)Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       178 | NC      | $-36827.91    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US LONG BOND(CBT) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        23 | NC      | $-5249.21     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US 10yr Ultra Fut Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         1 | NC      | $-79.30       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | US ULTRA BOND CBT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -1 | NC      | $-313.67      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                    | HSBC Holdings PLC                                         | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    550000 | PA      | $573662.61    | 0.23%             | 2029-03-09      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                     | Hewlett Packard Enterprise Co                             | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    540000 | PA      | $543038.39    | 0.22%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T       | Honda Auto Receivables 2024-4 Owner Trust                 | CUSIP: 43816DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502783.80    | 0.20%             | 2029-05-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL              | Honeywell International Inc                               | CUSIP: 438516CQ7<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    235000 | PA      | $241732.66    | 0.10%             | 2029-09-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL              | Honeywell International Inc                               | CUSIP: 438516CX2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    635000 | PA      | $642622.43    | 0.26%             | 2027-07-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust       | Hyundai Auto Receivables Trust 2025-A                     | CUSIP: 44935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1501907.85   | 0.61%             | 2027-12-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust            | IP 2025-IP Mortgage Trust                                 | CUSIP: 449843AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $763452.45    | 0.31%             | 2042-06-10      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| ILPT Commercial Mortgage Trust       | ILPT Commercial Mortgage Trust 2025-LPF2                  | CUSIP: 451955AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1272791.63   | 0.52%             | 2042-07-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                     | Connecticut Avenue Securities Trust 2023-R02              | CUSIP: 20755AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    970000 | PA      | $1012437.50   | 0.41%             | 2043-01-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust         | Ford Credit Auto Owner Trust 2024-D                       | CUSIP: 34535VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75886.46     | 0.03%             | 2029-08-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| MARS INC                             | Mars Inc                                                  | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2095000 | PA      | $2135087.26   | 0.87%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES       | Mercedes-Benz Auto Receivables Trust 2025-1               | CUSIP: 58773DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1013149.50   | 0.41%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I              | Metropolitan Life Global Funding I                        | CUSIP: 592179KF1<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    155000 | PA      | $158279.04    | 0.06%             | 2028-01-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NYC Trust                            | NYCT Trust 2024-3ELV                                      | CUSIP: 62956HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $802001.44    | 0.33%             | 2029-08-15      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                    | NSTAR Electric Co                                         | CUSIP: 67021CAM9<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |    495000 | PA      | $488522.00    | 0.20%             | 2027-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC              | O'Reilly Automotive Inc                                   | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    260000 | PA      | $259134.79    | 0.11%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru       | Onemain Financial Issuance Trust 2025-1                   | CUSIP: 68270DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $757256.55    | 0.31%             | 2038-07-14      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| ONNI Commercial Mortgage Trust       | ONNI Commerical Mortgage Trust 2024-APT                   | CUSIP: 682939AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $767411.55    | 0.31%             | 2039-07-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                          | Oracle Corp                                               | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    390000 | PA      | $396632.80    | 0.16%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                          | Oracle Corp                                               | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179876.12    | 0.07%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                     | T-Mobile USA Inc                                          | CUSIP: 87264ADE2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    800000 | PA      | $816248.12    | 0.33%             | 2029-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner        | Toyota Auto Receivables 2024-D Owner Trust                | CUSIP: 89239TAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $352359.70    | 0.14%             | 2029-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner        | Toyota Auto Receivables 2025-A Owner Trust                | CUSIP: 89240JAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011941.90   | 0.41%             | 2029-08-15      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust             | Toyota Lease Owner Trust 2025-B                           | CUSIP: 89240NAD4<br>LEI: 25490023VYI9VGKU0357 | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1351395.63   | 0.55%             | 2028-11-20      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| N/A                                  | AUDUSD Crncy Fut  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -7 | NC      | $-978.17      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AUDUSD Crncy Fut  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        15 | NC      | $3732.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AUD/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-594.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | AUD/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $437.90       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | AUD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-25815.54    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | AUD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $4571.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | AUD/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-13256.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | AUD/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-5261.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | BP CURRENCY FUT   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -25 | NC      | $-10748.73    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | BRL/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-24687.44    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | BRL/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $104015.20    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CME Bitcoin Fut   Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         5 | NC      | $62051.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CAD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-258.77      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CAD/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $58865.48     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CAD/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-6168.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CAD/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $24123.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | C$ CURRENCY FUT   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |      -110 | NC      | $23309.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CHF/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-31.18       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se       | Natixis Commercial Mortgage Securities Trust 2019-LVL     | CUSIP: 63874TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $340761.37    | 0.14%             | 2038-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                  | NatWest Markets PLC                                       | CUSIP: 63906YAJ7<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    525000 | PA      | $544597.58    | 0.22%             | 2029-05-17      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| N/A                                  | WTI CRUDE FUTURE  Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -1 | NC      | $2087.53      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | WTI CRUDE FUTURE  Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        17 | NC      | $-26131.88    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | WTI CRUDE FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -1 | NC      | $768.19       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NOK/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $73.42        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | USD/ZAR FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-15367.02    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | USD/ZAR FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $10726.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | USD/ZAR FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1008.63     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CHF/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $53.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CHF/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-10457.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | USD/ZAR FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-654.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | WHEAT FUTURE(CBT) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -30 | NC      | $115835.91    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CHF/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1862.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CHF/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-9143.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | US ULTRA BOND CBT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |         3 | NC      | $1371.67      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CHF/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-6444.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CHF/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-774.34      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CLP/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1397.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CLP/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $979.21       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CLP/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $38.91        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CNH/USD FWD 20251009                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-227.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CNH/USD FWD 20251009                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $73.50        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CNH/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-17426.58    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | CAN 10YR BOND FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | CA        |        76 | NC      | $7281.27      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | BRENT CRUDE FUTR  Jan26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         6 | NC      | $-13437.14    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | BRENT CRUDE FUTR  Feb26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         1 | NC      | $-2481.19     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | BRENT CRUDE FUTR  Mar26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         1 | NC      | $-1741.19     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | BRENT CRUDE FUTR  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        45 | NC      | $-63652.29    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CME Ether Future  Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         3 | NC      | $15603.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | CHF CURRENCY FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        -4 | NC      | $-596.75      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AUST 10Y BOND FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | AU        |       -20 | NC      | $-4506.47     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AUST 10Y BOND FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | AU        |        53 | NC      | $-19079.09    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | AUST 3YR BOND FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | AU        |       -48 | NC      | $493.87       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                  | Freddie Mac STACR REMIC Trust 2023-DNA2                   | CUSIP: 35564KT66<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1569990.75   | 0.64%             | 2043-04-25      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                  | Freddie Mac STACR REMIC Trust 2023-HQA1                   | CUSIP: 35564KX87<br>LEI: 5493000IRHY5YZIPQD14 | Long             | ABS-MBS          | CORP              | US        |   1505000 | PA      | $1586855.14   | 0.65%             | 2043-05-25      | Floating      | 7.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                  | Freddie Mac STACR REMIC Trust 2022-DNA5                   | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | CORP              | US        |    365000 | PA      | $386076.89    | 0.16%             | 2042-06-25      | Floating      | 8.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                  | Freddie Mac STACR REMIC Trust 2023-HQA3                   | CUSIP: 35564NAA1<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1582206.60   | 0.64%             | 2043-11-25      | Floating      | 7.71%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                  | JPMorgan Chase & Co                                       | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1901815.32   | 0.77%             | 2031-04-22      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP                 | Kite Realty Group LP                                      | CUSIP: 49803XAA1<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |    755000 | PA      | $753044.57    | 0.31%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KRE Commercial Mortgage Trust        | KRE Commercial Mortgage Trust 2025-AIP4                   | CUSIP: 50077KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $998750.00    | 0.41%             | 2042-03-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                 | Kraft Heinz Foods Co                                      | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    520000 | PA      | $517656.17    | 0.21%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KSL Commercial Mortgage Trust        | KSL Commercial Mortgage Trust 2024-HT2                    | CUSIP: 500937AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    229163 | PA      | $229091.34    | 0.09%             | 2039-12-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                    | L3Harris Technologies Inc                                 | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    820000 | PA      | $833537.10    | 0.34%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust           | LAD Auto Receivables Trust 2024-3                         | CUSIP: 505709AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $351415.19    | 0.14%             | 2029-03-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| LINEAGE OP LP                        | Lineage OP LP                                             | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              | CORP              | US        |    485000 | PA      | $491764.50    | 0.20%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| M&T Bank Auto Receivables Trus       | M&T Bank Auto Receivables Trust 2025-1                    | CUSIP: 55287XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1263834.00   | 0.51%             | 2030-06-17      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| MARS INC                             | Mars Inc                                                  | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2247426.90   | 0.91%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| N/A                                  | GBP/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-120.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | GBP/USD FWD 20251001                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $184.62       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | GBP/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-18854.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | GBP/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $29084.78     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | GBP/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-56703.54    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | GBP/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1987.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | GOLD 100 OZ FUTR  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        18 | NC      | $534409.06    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | GASOLINE RBOB FUT Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -3 | NC      | $275.97       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | GASOLINE RBOB FUT Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        21 | NC      | $-15311.02    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                         | UBS Group AG                                              | CUSIP: 225401BC1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    975000 | PA      | $999569.24    | 0.41%             | 2027-12-22      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| TRANE TECH FIN LTD                   | Trane Technologies Financing Ltd                          | CUSIP: 456873AE8<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |    245000 | PA      | $244095.32    | 0.10%             | 2026-03-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC              | O'Reilly Automotive Inc                                   | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    570000 | PA      | $579879.03    | 0.24%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                  | PFS Financing Corp                                        | CUSIP: 69335PFU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1269908.75   | 0.52%             | 2030-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner        | PenFed Auto Receivables Owner Trust 2025-A                | CUSIP: 706916AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $899184.96    | 0.37%             | 2030-07-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                          | PepsiCo Inc                                               | CUSIP: 713448GL6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |    510000 | PA      | $511859.27    | 0.21%             | 2029-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC               | Philip Morris International Inc                           | CUSIP: 718172DN6<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    460000 | PA      | $466901.41    | 0.19%             | 2029-11-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Porsche Financial Auto Securit       | Porsche Financial Auto Securitization Trust 2024-1        | CUSIP: 73328EAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502103.65    | 0.20%             | 2030-01-22      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner       | Porsche Innovative Lease Owner Trust 2024-2               | CUSIP: 73328NAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250692.38    | 0.10%             | 2027-10-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II             | Principal Life Global Funding II                          | CUSIP: 74256LEK1<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    365000 | PA      | $361293.53    | 0.15%             | 2026-01-12      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| PROLOGIS TARGETED US                 | Prologis Targeted US Logistics Fund LP                    | CUSIP: 74350LAA2<br>LEI: 5493004DTBWUQ9F2VJ87 | Long             | DBT              | CORP              | US        |    545000 | PA      | $562585.56    | 0.23%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC               | Roper Technologies Inc                                    | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    415000 | PA      | $416998.88    | 0.17%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SCG Hotel Issuer Inc                 | SCG Trust 2025-SNIP                                       | CUSIP: 78398JAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $750470.03    | 0.31%             | 2030-09-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS             | South Bow USA Infrastructure Holdings LLC                 | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277398.54    | 0.11%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                  | Southern California Edison Co                             | CUSIP: 842400GV9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148267.71    | 0.06%             | 2026-02-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                    | State Street Corp                                         | CUSIP: 857477CU5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    440000 | PA      | $445680.63    | 0.18%             | 2028-02-28      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                    | Sysco Corp                                                | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    405000 | PA      | $399420.72    | 0.16%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                     | T-Mobile USA Inc                                          | CUSIP: 87264ADA0<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    410000 | PA      | $417407.58    | 0.17%             | 2028-07-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                    | T-Mobile US Trust 2024-2                                  | CUSIP: 87268CAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250706.33    | 0.10%             | 2029-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust               | Tesla Auto Lease Trust 2024-B                             | CUSIP: 881934AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1107083.67   | 0.45%             | 2027-10-20      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust             | Toyota Lease Owner Trust 2024-A                           | CUSIP: 89238GAD3<br>LEI: 254900MVSB4M6HOIRE71 | Long             | ABS-O            | CORP              | US        |    149465 | PA      | $150180.31    | 0.06%             | 2027-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 9              | US BANK MMDA - USBGFS 9                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  15320357 | NS      | $15320357.36  | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21316900 | PA      | $21002975.39  | 8.54%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15170800 | PA      | $15132873.00  | 6.16%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8210000 | PA      | $8307493.75   | 3.38%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6210100 | PA      | $6212768.42   | 2.53%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1220000 | PA      | $1226795.78   | 0.50%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CKJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10569400 | PA      | $10701104.66  | 4.35%             | 2027-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7961300 | PA      | $8216932.41   | 3.34%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                      | United States Treasury Note/Bond                          | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6100000 | PA      | $6138839.86   | 2.50%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                             | RTX Corp                                                  | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    375000 | PA      | $375496.99    | 0.15%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC               | UnitedHealth Group Inc                                    | CUSIP: 91324PEU2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    835000 | PA      | $837554.63    | 0.34%             | 2029-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC               | UnitedHealth Group Inc                                    | CUSIP: 91324PFN7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302967.46    | 0.12%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS               | Verizon Communications Inc                                | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    655000 | PA      | $624839.05    | 0.25%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                 | Verizon Master Trust                                      | CUSIP: 92348KDY6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1590000 | PA      | $1603690.22   | 0.65%             | 2030-03-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA             | Volkswagen Group of America Finance LLC                   | CUSIP: 928668BL5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    570000 | PA      | $567296.83    | 0.23%             | 2025-11-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| WALMART INC                          | Walmart Inc                                               | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121992.67    | 0.05%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag       | Wells Fargo Commercial Mortgage Trust 2024-SVEN           | CUSIP: 949937AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $520445.70    | 0.21%             | 2037-06-10      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                | Wells Fargo & Co                                          | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1263692.91   | 0.51%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag       | Wells Fargo Commercial Mortgage Trust 2025-NYCH           | CUSIP: 95004KAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $999999.60    | 0.41%             | 2042-06-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Se       | World Omni Automobile Lease Securitization Trust 2025-A   | CUSIP: 98164PAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    916952 | PA      | $918320.41    | 0.37%             | 2027-12-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr       | World Omni Auto Receivables Trust 2024-A                  | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251530.93    | 0.10%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr       | World Omni Auto Receivables Trust 2025-A                  | CUSIP: 98164YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1012968.90   | 0.41%             | 2030-03-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| N/A                                  | LONG GILT FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |       -46 | NC      | $-12195.18    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LONG GILT FUTURE  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | GB        |         6 | NC      | $479.58       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME PRI ALUM FUTR Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        -3 | NC      | $-5483.61     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME PRI ALUM FUTR Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        13 | NC      | $21510.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LOCORR COMMODITIES INDEX SWP                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DO               |  | US        |         1 | NC      | $-696073.00   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | LME NICKEL FUTURE Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         3 | NC      | $-400.93      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME ZINC FUTURE   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        -3 | NC      | $-5215.36     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | LME ZINC FUTURE   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         9 | NC      | $19755.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MSCI EmgMkt       Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -3 | NC      | $-664.47      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MSCI EAFE         Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $177.50       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MXN/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-24954.60    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | MXN/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $53869.59     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | MXN/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-248.47      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | MXN/USD FWD 20251217                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $42250.37     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NATURAL GAS FUTR  Jan26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -2 | NC      | $736.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NATURAL GAS FUTR  Feb26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -1 | NC      | $-141.91      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NATURAL GAS FUTR  Mar26                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -1 | NC      | $-171.91      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NATURAL GAS FUTR  Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |       -22 | NC      | $-8864.69     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NATURAL GAS FUTR  Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |         3 | NC      | $3464.27      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NATURAL GAS FUTR  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | US        |        -1 | NC      | $-371.91      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NIKKEI 225  (SGX) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SG        |        11 | NC      | $-7604.24     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NIKKEI 225  (OSE) Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |        16 | NC      | $116345.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NOK/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-14648.41    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NOK/USD FWD 20251015                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-632.29      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NOK/USD FWD 20251119                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-0.91        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                  | NASDAQ 100 E-MINI Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-12513.19    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NASDAQ 100 E-MINI Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        15 | NC      | $101547.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | NEW ZEALAND $ FUT Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |       -27 | NC      | $1803.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MEXICAN PESO FUT  Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        57 | NC      | $2733.33      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | Low Su Gasoil G   Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         5 | NC      | $-12130.95    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | Low Su Gasoil G   Nov25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |        39 | NC      | $5074.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | Low Su Gasoil G   Dec25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCO              |  | GB        |         1 | NC      | $-2276.19     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MSCI SING IX ETS  Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SG        |         8 | NC      | $-500.30      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                  | MINI BOVESPA FUT  Oct25                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | BR        |       -37 | NC      | $-3041.44     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-17

**Name of Applicant:** LoCorr Investment Trust

**Signature:** Jon Essen

**Name of Signer:** Jon Essen

**Title:** Treasurer