# EDGAR Filing Document

**Accession Number:** 0001716885
**File Stem:** 0001193125-26-136725
**Filing Date:** 2026-4
**Character Count:** 66454
**Document Hash:** 25dbee04a685b2096fd5c70231b12af1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-136725.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001193125-26-136725

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Oak Strategic Credit Fund
- **CENTRAL INDEX KEY:** 0001716885

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23289
- **FILM NUMBER:** 26826791

**BUSINESS ADDRESS:**
- **STREET 1:** ANGEL OAK CAPITAL ADVISORS, LLC
- **STREET 2:** 980 HAMMOND DRIVE, SUITE 200
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328
- **BUSINESS PHONE:** 404-953-4900

**MAIL ADDRESS:**
- **STREET 1:** ANGEL OAK CAPITAL ADVISORS, LLC
- **STREET 2:** 980 HAMMOND DRIVE, SUITE 200
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30328

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Angel Oak Strategic Credit Fund

- **b. Investment Company Act file number:** 811-23289

- **c. CIK number of Registrant:** 0001716885

- **d. LEI of Registrant:** 549300KHR3RXXW4KTW47

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

  - **Street Address 1:** 980 Hammond Drive

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30328

  - **Telephone number:** 404-953-4900

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

- **a. Name of Series:** Angel Oak Strategic Credit Fund

- **c. LEI of Series:** 549300KHR3RXXW4KTW47

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $96275080.90

**Total Liabilities:** $9559429.21

**Net Assets:** $86715651.69

**Delayed Delivery Securities:** $500000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 204.391359643576 | **1-Year:** -1055.797921450442 | **5-Year:** -16972.982132643650 | **10-Year:** 5834.148890403473 | **30-Year:** 196.296826879999

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

- **3-Month:** 357.654124913333 | **1-Year:** 3389.180849938587 | **5-Year:** 7291.349293928519 | **10-Year:** 7637.912621519166 | **30-Year:** 3520.768139765968

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.64%                | 0.18%                | 0.77%                |
| Class ID N/A | 0.59%                | 0.23%                | 0.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-574338.06              | $429345.50                                 |
| Month 2  | $161018.71               | $-299532.81                                |
| Month 3  | $-193745.28              | $494564.94                                 |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** MC4PPV85FT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-6                                   | CUSIP: 465989AN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    512607 | PA      | $450642.22    | 0.52%             | 2053-12-26      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2021-11                                    | CUSIP: 46654KBU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  70646163 | PA      | $745528.96    | 0.86%             | 2052-01-25      | Variable      | 0.22%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2022-6                                   | CUSIP: 46655KDH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1265000 | PA      | $628276.17    | 0.72%             | 2052-11-25      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2024-8                              | CUSIP: 46658GBH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    804000 | PA      | $667365.83    | 0.77%             | 2055-01-25      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 43 Ltd                                                      | CUSIP: 48256BAD7<br>LEI: 25490088LQLWORRKOM10 | Long             | ABS-CBDO         | CORP              | JE        |    750000 | PA      | $754304.25    | 0.87%             | 2036-01-15      | Floating      | 11.64%                | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat | Lendingpoint 2022-A Asset Securitization Trust                      | CUSIP: 52605AAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $1.00         | 0.00%             | 2029-06-15      | Fixed         | 7.02%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat | Lendingpoint 2021-B Asset Securitization Trust                      | CUSIP: 52607HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28767 | PA      | $28629.64     | 0.03%             | 2029-02-15      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2025-D                                       | CUSIP: 68379HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200005.08    | 0.23%             | 2033-02-08      | Fixed         | 10.82%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-11                                | CUSIP: 69548EAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    249971 | PA      | $233186.13    | 0.27%             | 2032-07-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2024-6 And Pagaya AI Debt Trust 2024-6 | CUSIP: 69548LAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    256042 | PA      | $259999.94    | 0.30%             | 2031-11-15      | Fixed         | 11.35%                | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2024-8                              | CUSIP: 46658GBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1606867 | PA      | $1057850.36   | 1.22%             | 2055-01-25      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL | JPMorgan Chase Bank NA - CACLN                                      | CUSIP: 48128U2S7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      4773 | PA      | $4783.48      | 0.01%             | 2028-12-26      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets  | American Home Mortgage Assets Trust 2006-6                          | CUSIP: 008684AF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    665897 | PA      | $5062.15      | 0.01%             | 2046-12-25      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2021-A                                           | CUSIP: 03842VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    292612 | PA      | $271992.12    | 0.31%             | 2046-07-17      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Lo | Banc of America Alternative Loan Trust 2006-6                       | CUSIP: 059487AN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1178249 | PA      | $274540.17    | 0.32%             | 2046-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Lo | Banc of America Alternative Loan Trust 2006-5                       | CUSIP: 05950BAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    635832 | PA      | $148393.02    | 0.17%             | 2046-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2025-1 Ltd                                            | CUSIP: 07876NAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $507575.50    | 0.59%             | 2035-10-25      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                            | CUSIP: 07876XAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    400000 | PA      | $425266.40    | 0.49%             | 2033-10-25      | Floating      | 10.40%                | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH1                                                      | CUSIP: 12660BAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1743280.00   | 2.01%             | 2067-01-25      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                 | CVR Energy Inc                                                      | CUSIP: 12662PAJ7<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496568.98    | 0.57%             | 2034-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE       | CVR Partners LP / CVR Nitrogen Finance Corp                         | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500395.05    | 0.58%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans         | CHL Mortgage Pass-Through Trust 2004-29                             | CUSIP: 12669GJA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    752233 | PA      | $7.52         | 0.00%             | 2035-02-25      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N4                              | CUSIP: 14687HAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    238498 | PA      | $232522.58    | 0.27%             | 2028-09-11      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN        | Consolidated Energy Finance SA                                      | CUSIP: 20914UAF3<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    500000 | PA      | $413125.00    | 0.48%             | 2028-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Colony American Finance Ltd    | Corevest American Finance 2020-4 Trust                              | CUSIP: 21873AAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $696940.86    | 0.80%             | 2052-12-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | Consumer Portfolio Services Auto Trust 2025-D                       | CUSIP: 223936AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $517234.90    | 0.60%             | 2033-05-16      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2017-RPL1 Trust                                                | CUSIP: 22945AAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1412231 | PA      | $527721.21    | 0.61%             | 2057-07-25      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| DSLA Mortgage Loan Trust       | DSLA Mortgage Loan Trust 2004-AR2                                   | CUSIP: 23332UAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    258859 | PA      | $246.69       | 0.00%             | 2044-11-19      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC          | Directv Financing LLC / Directv Financing Co-Obligor Inc            | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $515444.50    | 0.59%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 54 Senior Loan Fund                                          | CUSIP: 26244RAD3<br>LEI: 54930064P37IJ78XTR63 | Long             | ABS-CBDO         | CORP              | KY        |   1012500 | PA      | $1017510.86   | 1.17%             | 2029-10-19      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 119 CLO Ltd                                                  | CUSIP: 26254KAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004179.00   | 1.16%             | 2036-04-15      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust           | FREMF 2017-KF41 Mortgage Trust                                      | CUSIP: 30306KAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129217 | PA      | $121345.45    | 0.14%             | 2026-11-25      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | FHF Issuer Trust 2025-1                                             | CUSIP: 30340RAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $286337.64    | 0.33%             | 2032-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC           | Fiesta Purchaser Inc                                                | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $253523.25    | 0.29%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                          | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4547075 | NS      | $4547075.04   | 5.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2024-1                                   | CUSIP: 33843VAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $189969.08    | 0.22%             | 2031-05-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD          | Freedom Mortgage Holdings LLC                                       | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510318.50    | 0.59%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp Trust 2018-TWR                          | CUSIP: 36251SAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    311000 | PA      | $13458.64     | 0.02%             | 2031-07-15      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2020-NQM1                       | CUSIP: 36259WAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2975000 | PA      | $2928994.60   | 3.38%             | 2060-09-27      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD        | Global Aircraft Leasing Co Ltd                                      | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    500000 | PA      | $518190.50    | 0.60%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                     | goeasy Ltd                                                          | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $235198.33    | 0.27%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Funding | Golub Capital Partners ABS Funding 2020-1 Ltd                       | CUSIP: 38177UAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     68148 | PA      | $67581.09     | 0.08%             | 2029-01-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Funding | Golub Capital Partners ABS Funding 2021-1 Ltd                       | CUSIP: 38178HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    188420 | PA      | $185299.56    | 0.21%             | 2029-04-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr | Goodleap Sustainable Home Solutions Trust 2023-2                    | CUSIP: 38237AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $262210.20    | 0.30%             | 2055-05-20      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association                            | CUSIP: 38385E3N2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    840844 | PA      | $65482.41     | 0.08%             | 2055-04-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                 | Gray Media Inc                                                      | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    600000 | PA      | $446235.90    | 0.51%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK        | Great Lakes Dredge & Dock Corp                                      | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    450000 | PA      | $442997.33    | 0.51%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO I, Ltd.        | Halseypoint Clo 6 Ltd                                               | CUSIP: 40639JAG8<br>LEI: 5493001PG85K1980W896 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $232866.25    | 0.27%             | 2038-01-20      | Floating      | 12.14%                | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                 | Hertz Corp/The                                                      | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251831.00    | 0.29%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC    | Hertz Vehicle Financing III LLC                                     | CUSIP: 42806MDT3<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $255997.80    | 0.30%             | 2032-05-25      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | JPMorgan Chase Bank NA - CHASE                                      | CUSIP: 46591HAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    108867 | PA      | $113180.38    | 0.13%             | 2057-10-25      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank NA - JPMWM                                      | CUSIP: 46591HBQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74979 | PA      | $73316.70     | 0.08%             | 2051-03-25      | Floating      | 10.60%                | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN       | Jefferies Finance LLC / JFIN Co-Issuer Corp                         | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $247941.19    | 0.29%             | 2031-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                 | Pikes Peak CLO 5                                                    | CUSIP: 72133QAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $960626.00    | 1.11%             | 2037-10-20      | Floating      | 11.49%                | No            |                  2 | On Loan: No      |
| Point Securitization Trust     | Point Securitization Trust 2025-2                                   | CUSIP: 73071PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1277961.00   | 1.47%             | 2055-09-25      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| PowerPay Issuance Trust        | PowerPay Issuance Trust 2024-1                                      | CUSIP: 73934RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $208572.16    | 0.24%             | 2039-02-18      | Fixed         | 8.46%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2024-1                              | CUSIP: 74113QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $468504.55    | 0.54%             | 2031-04-15      | Fixed         | 7.94%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance T | Prosper Marketplace Issuance Trust Series 2024-1                    | CUSIP: 74363CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $511738.50    | 0.59%             | 2029-08-15      | Fixed         | 10.98%                | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN       | Raven Acquisition Holdings LLC                                      | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $501702.52    | 0.58%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2024-A                              | CUSIP: 76041RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $257400.65    | 0.30%             | 2032-08-20      | Fixed         | 9.49%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust 2025-3                     | CUSIP: 76091FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501243.35    | 0.58%             | 2034-02-27      | Fixed         | 11.09%                | No            |                  2 | On Loan: No      |
| PINNACLE BANK TN               | Pinnacle Bank/Nashville TN                                          | CUSIP: 87164DXY1<br>LEI: 549300CDOC4F7XSRG390 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504063.34    | 0.58%             | 2036-01-15      | Variable      | 5.96%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2021-PT2                      | CUSIP: 91531XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15395 | PA      | $13986.36     | 0.02%             | 2027-05-15      | Variable      | 26.60%                | No            |                  2 | On Loan: No      |
| Upgrade Receivables Trust      | Upgrade Receivables Trust 2024-1                                    | CUSIP: 91533NAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $514431.20    | 0.59%             | 2031-02-18      | Fixed         | 8.90%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2020-ST6                          | CUSIP: 91680XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386105 | PA      | $1989.88      | 0.00%             | 2027-01-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2025-X1                           | CUSIP: 00834M103<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10100 | PA      | $368012.58    | 0.42%             | 2030-04-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2025-X2                           | CUSIP: 00835D102<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4500 | PA      | $458127.36    | 0.53%             | 2030-10-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AgoraCapital Auto Securities T | AgoraCapital Auto Securities Trust 2025-1                           | CUSIP: 008483AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $529516.00    | 0.61%             | 2032-11-25      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| AMDR ABS Trust                 | AMDR ABS TRUST 2025-1                                               | CUSIP: 02342WAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $254607.00    | 0.29%             | 2033-12-19      | Fixed         | 9.69%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re Ltd                                                   | CUSIP: 078915AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    650000 | PA      | $677084.20    | 0.78%             | 2034-08-25      | Floating      | 9.25%                 | No            |                  2 | On Loan: No      |
| Black Diamond CLO Ltd          | Black Diamond CLO 2022-1 Ltd                                        | CUSIP: 09203GAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1504717.50   | 1.74%             | 2035-10-25      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| CAL Receivables LLC            | CAL Receivables 2022-1 LLC                                          | CUSIP: 12804BAB4<br>LEI: 549300GJW1JSYKS6S265 | Long             | ABS-O            | CORP              | US        |     74030 | PA      | $74213.00     | 0.09%             | 2026-10-15      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2024-NQM1                                                      | CUSIP: 26845DAJ4<br>LEI: 254900GTI06L3BTCLG55 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $988855.00    | 1.14%             | 2069-11-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM1                                                      | CUSIP: 26846CAF3<br>LEI: 254900TJEVLCYF1H3X71 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502106.50    | 0.58%             | 2070-01-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM1                                                      | CUSIP: 26846CAG1<br>LEI: 254900TJEVLCYF1H3X71 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $471950.50    | 0.54%             | 2070-01-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-2                          | CUSIP: 30166QAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $488658.30    | 0.56%             | 2029-10-15      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust  | HTL Commercial Mortgage Trust 2024-T53                              | CUSIP: 404300AL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $516256.00    | 0.60%             | 2039-05-10      | Variable      | 11.93%                | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF        | Invesco Senior Loan ETF                                             | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |     96386 | NS      | $1999045.64   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Broad USD High Yield C | iShares Broad USD High Yield Corporate Bond ETF                     | CUSIP: 46435U853<br>LEI: 549300X7H67ZLUE3IZ46 | Long             | EC               | RF                | US        |     71245 | NS      | $2681661.80   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank NA - JPMWM                                      | CUSIP: 46591HBP4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38515 | PA      | $35118.31     | 0.04%             | 2051-03-25      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE         | Brundage-Bone Concrete Pumping Holdings Inc                         | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $503605.00    | 0.58%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NewStar Commercial Loan Fundin | First Eagle Commercial Loan Funding 2016-1 LLC                      | CUSIP: 32010LAG9<br>LEI: 549300MOI46ZB4RZW883 | Long             | ABS-CBDO         | CORP              | US        |   6366132 | PA      | $6419422.83   | 7.40%             | 2032-01-25      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES        | K Hovnanian Enterprises Inc                                         | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255690.00    | 0.29%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XIX Ltd                                        | CUSIP: 55819RAL9<br>LEI: 254900END3IQSN7CTN87 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 1.15%             | 2037-01-22      | Floating      | 11.01%                | No            |                  2 | On Loan: No      |
| Man US CLO Ltd                 | Man US CLO 2024-1 Ltd                                               | CUSIP: 56167CAN4<br>LEI: 2549007JRE3Q11AV7970 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1007647.00   | 1.16%             | 2037-07-20      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| Maranon Loan Funding Ltd       | Maranon Loan Funding 2025-1 Ltd                                     | CUSIP: 56575QAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3257497.75   | 3.76%             | 2037-10-15      | Floating      | 10.84%                | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2022-3                                       | CUSIP: 57109NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    878772 | PA      | $889722.56    | 1.03%             | 2032-11-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-1                                       | CUSIP: 57110PAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016608.60   | 1.17%             | 2033-04-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                | Mercer International Inc                                            | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    235000 | PA      | $145414.08    | 0.17%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                     | CUSIP: 608934AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $519165.40    | 0.60%             | 2045-03-20      | Fixed         | 8.29%                 | No            |                  2 | On Loan: No      |
| Monroe Capital ABS Funding LTD | Monroe Capital ABS Funding 2021-1 Ltd                               | CUSIP: 610331AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    286083 | PA      | $281925.44    | 0.33%             | 2031-04-22      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2014-150E                            | CUSIP: 61764BAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123000 | PA      | $99830.85     | 0.12%             | 2032-09-09      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers | Neuberger Berman Loan Advisers LaSalle Street Lending CLO II Ltd    | CUSIP: 64135QAA4<br>LEI: 254900IOVQ7KBVZKPZ16 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2013324.00   | 2.32%             | 2038-04-20      | Floating      | 11.17%                | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2015-1                          | CUSIP: 64829CAT5<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |   1226794 | PA      | $1037186.05   | 1.20%             | 2052-05-28      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| OFSI Fund LTD                  | OFSI BSL XV CLO Ltd                                                 | CUSIP: 67121AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1522380.00   | 1.76%             | 2038-03-31      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP CLO 2025-43 Ltd                                                 | CUSIP: 67121GAA5<br>LEI: 213800EAPFZ3LQZW5U76 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $766712.25    | 0.88%             | 2038-07-20      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| OCEANFIRST FINANCIAL CP        | OceanFirst Financial Corp                                           | CUSIP: 675234AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $250853.75    | 0.29%             | 2035-11-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Recievables Trust 2024-RPT1                                  | CUSIP: 67578QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $508442.50    | 0.59%             | 2030-02-22      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Funding Trust 2024-3                                        | CUSIP: 68377NAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $506243.95    | 0.58%             | 2029-08-15      | Fixed         | 9.60%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-8                                 | CUSIP: 694956AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502969.55    | 0.58%             | 2033-07-15      | Fixed         | 9.56%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2020-2                               | CUSIP: 69546J104<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $1330.12      | 0.00%             | 2027-12-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-3                               | CUSIP: 69546RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25297 | PA      | $25003.87     | 0.03%             | 2029-05-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | PAGAYA AI Debt Trust 2022-2                                         | CUSIP: 69546VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245952 | PA      | $246614.32    | 0.28%             | 2030-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-1                               | CUSIP: 69547JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14170 | PA      | $14090.80     | 0.02%             | 2027-11-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-1                                 | CUSIP: 69548VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    248620 | PA      | $243199.72    | 0.28%             | 2032-07-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                 | CUSIP: 69548XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    499981 | PA      | $505847.35    | 0.58%             | 2033-03-15      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                 | CUSIP: 69548XAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199992 | PA      | $189771.87    | 0.22%             | 2033-03-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2025-6                                 | CUSIP: 69549CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002924.60   | 1.16%             | 2033-04-15      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2025-6                                 | CUSIP: 69549CAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $242861.75    | 0.28%             | 2033-04-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings  | Pagaya Point Of Sale Holdings Grantor Trust 2025-2                  | CUSIP: 69549HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $507173.90    | 0.58%             | 2033-07-20      | Fixed         | 8.71%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2022-3 Ltd                               | CUSIP: 69690DAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005664.00   | 1.16%             | 2031-04-15      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C       | PHH Escrow Issuer LLC/PHH Corp                                      | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $511990.00    | 0.59%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                 | Pikes Peak CLO 14 2023 Ltd                                          | CUSIP: 72134DAE9<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-CBDO         | CORP              | JE        |   2000000 | PA      | $2023272.00   | 2.33%             | 2038-07-20      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| x-caliber funding llc          | XCALI 2020-1 Mortgage Trust                                         | CUSIP: 98402TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50000 | PA      | $4.20         | 0.00%             | 2026-04-06      | Floating      | 11.82%                | No            |                  2 | On Loan: No      |
| N/A                            | CDX45IG CDS (BUY PROTECTION)                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-1419594.53  | -1.64%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | US 10YR NOTE (CBT)Mar26                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       191 | NC      | $-166301.31   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | US LONG BOND(CBT) Mar26                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        11 | NC      | $-11382.25    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding 2024-A LLC                                 | CUSIP: 745935AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200780.92    | 0.23%             | 2028-08-15      | Fixed         | 10.18%                | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In | RALI Series 2006-QS6 Trust                                          | CUSIP: 74922EAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3829740 | PA      | $109798.65    | 0.13%             | 2036-06-25      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In | RALI Series 2007-QS11 Trust                                         | CUSIP: 74925GAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10957437 | PA      | $103120.44    | 0.12%             | 2037-10-25      | Variable      | 0.25%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor Re 2024-1 Ltd                                                | CUSIP: 75049AAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1150521.90   | 1.33%             | 2034-09-25      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Asset Trust IV                         | CUSIP: 76088LAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75600 | PA      | $74672.32     | 0.09%             | 2030-03-25      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-6                           | CUSIP: 76100HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $249576.30    | 0.29%             | 2034-08-25      | Fixed         | 10.53%                | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund ABS  | ABPCI Direct Lending Fund ABS II LLC                                | CUSIP: 00090NAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220121 | PA      | $210009.72    | 0.24%             | 2032-03-01      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| ACHV ABS TRUST                 | ACHV ABS Trust 2024-3AL                                             | CUSIP: 00092KAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    413049 | PA      | $413085.98    | 0.48%             | 2031-12-26      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ACHD Trust                     | ACHD Trust 2025-DS1                                                 | CUSIP: 00092TAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152544.83    | 0.18%             | 2034-01-09      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ACHD Trust                     | ACHD Trust 2025-DS1                                                 | CUSIP: 00092TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $604487.40    | 0.70%             | 2034-01-09      | Fixed         | 11.33%                | No            |                  2 | On Loan: No      |
| ACM Auto Trust                 | ACM Auto Trust 2025-4                                               | CUSIP: 00161LAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201907.04    | 0.23%             | 2032-08-20      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-A                            | CUSIP: 00834BAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200626.60    | 0.23%             | 2029-02-15      | Fixed         | 9.17%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC              | Upbound Group Inc                                                   | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495988.30    | 0.57%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin | Santander Bank Auto Credit-Linked Notes Series 2024-A               | CUSIP: 80290CCN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124275 | PA      | $128215.72    | 0.15%             | 2032-06-15      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA         | Stena International SA                                              | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $308451.69    | 0.36%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STRIKE ACCEPTANCE AUTO FUNDING | Strike Acceptance Auto Funding Trust 2023-1                         | CUSIP: 862942AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    404583 | PA      | $406430.32    | 0.47%             | 2026-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Inve | Structured Asset Mortgage Investments II Trust 2006-AR7             | CUSIP: 86361HAT1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6993989 | PA      | $233711.15    | 0.27%             | 2036-08-25      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Sunbit Asset Securitization Tr | Sunbit Asset Securitization Trust 2025-1                            | CUSIP: 86709SAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $253486.85    | 0.29%             | 2030-07-15      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                      | Sunoco LP                                                           | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | EP               | CORP              | US        |    250000 | PA      | $257660.00    | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd          | Sycamore Tree CLO 2023-2 Ltd                                        | CUSIP: 87122EAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005553.00   | 1.16%             | 2037-01-20      | Floating      | 11.35%                | No            |                  2 | On Loan: No      |
| Tikehau US CLO Ltd             | Tikehau US CLO IV Ltd                                               | CUSIP: 88675FAE5<br>LEI: 254900RN10DV5689GE29 | Long             | ABS-CBDO         | CORP              | BM        |   1750000 | PA      | $1758729.00   | 2.03%             | 2038-03-15      | Floating      | 11.56%                | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN          | Trivium Packaging Finance BV                                        | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $547512.00    | 0.63%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| USASF Receivables LLC          | US Auto Funding Trust 2022-1                                        | CUSIP: 90355FAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $14.50        | 0.00%             | 2027-07-15      | Fixed         | 9.14%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC     | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $292045.65    | 0.34%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNLOCK HEA TRUST               | Unlock HEA Trust 2025-2                                             | CUSIP: 914917AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $389367.50    | 0.45%             | 2041-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2022-4                                 | CUSIP: 91678YAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9967 | PA      | $561765.15    | 0.65%             | 2032-08-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2023-1                                 | CUSIP: 91679AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    279960 | PA      | $285248.51    | 0.33%             | 2033-02-20      | Fixed         | 11.10%                | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2022-2                                 | CUSIP: 91679TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    229236 | PA      | $192381.32    | 0.22%             | 2032-05-20      | Fixed         | 8.43%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2022-1                                 | CUSIP: 91679WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166522 | PA      | $89950.75     | 0.10%             | 2032-03-20      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2021-ST3                          | CUSIP: 91681PAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $75348.89     | 0.09%             | 2027-05-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2021-ST9                          | CUSIP: 91683MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $27888.94     | 0.03%             | 2029-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust     | Upstart Pass-Through Trust Series 2022-ST1                          | CUSIP: 91683NAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $20286.78     | 0.02%             | 2030-03-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                              | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    500000 | PA      | $440171.64    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BANK          | Western Alliance Bank                                               | CUSIP: 95758BCL1<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506675.00    | 0.58%             | 2035-11-15      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                               | CUSIP: 95763PNE7<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |   1246612 | PA      | $1319992.12   | 1.52%             | 2059-07-25      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                               | CUSIP: 95763PNG2<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |    363472 | PA      | $354141.89    | 0.41%             | 2059-07-25      | Floating      | 10.20%                | No            |                  2 | On Loan: No      |
| Western Alliance Bank          | Western Alliance Bank                                               | CUSIP: 95763PNH0<br>LEI: SI7YQSVPFZBSQ878IC17 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $396778.00    | 0.46%             | 2059-07-25      | Floating      | 12.20%                | No            |                  2 | On Loan: No      |
| Selene 2024-1                  | Selene 2024-1                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | USGSE             | US        |   5415252 | PA      | $5777326.77   | 6.66%             | 2034-10-01      | Variable      | 11.58%                | No            |                  2 | On Loan: No      |
| X-CALIBER FUNDING LLC          | X-Caliber Funding LLC                                               | CUSIP: 98373XAW0<br>LEI: 549300GGW5CBE4FDT866 | Long             | DBT              | CORP              | US        |    209401 | PA      | $205516.94    | 0.24%             | 2026-06-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| REVREPO32010LAG9               | REVREPO32010LAG9                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -1556000 | PA      | $-1556000.00  | -1.79%            |  |  |  | No            |                  2 | On Loan: No      |
| REVREPO32010LAG9               | REVREPO32010LAG9                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -1556000 | PA      | $-1556000.00  | -1.79%            |  |  |  | No            |                  2 | On Loan: No      |
| REVREPO32010LAG9               | REVREPO32010LAG9                                                    | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -1037000 | PA      | $-1037000.00  | -1.20%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-01

**Name of Applicant:** Angel Oak Strategic Credit Fund

**Signature:** /s/ Michael Colombo

**Name of Signer:** Michael Colombo

**Title:** Secretary