# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-003896
**Filing Date:** 2025-12
**Character Count:** 103080
**Document Hash:** 85d438e50039ab65acf63c13b0708116
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-003896.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0002048251-25-003896

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251612073

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### LOOMIS SAYLES FULL DISCRETION INSTITUTIONAL SECURITIZED FUND (Series ID: S000032046)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000099791 | INSTITUTIONAL CLASS SHARES |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

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

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

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

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

- **a. Name of Series:** Loomis Sayles Full Discretion Institutional Securitized Fund

- **b. EDGAR series identifier (if any):** S000032046

- **c. LEI of Series:** 549300C8LK6PMYW35J48

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $443975806.29

**Total Liabilities:** $10125939.65

**Net Assets:** $433849866.64

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -293.95404934 | **1-Year:** -5836.80740094 | **5-Year:** -16574.00556662 | **10-Year:** -12735.76573097 | **30-Year:** -578.43374432

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

- **3-Month:** -1212.59619700 | **1-Year:** -19625.17729074 | **5-Year:** -31832.60155748 | **10-Year:** -23552.12462196 | **30-Year:** -2093.75908964

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000099791 | 0.87%                | 0.73%                | 0.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1959198.27              | $-533493.55                                |
| Month 2  | $586115.40               | $-278476.12                                |
| Month 3  | $443406.51               | $1156225.63                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SUNRUN ATLAS ISSUER LLC                                | SUNRUN VULCAN ISSUER 2021-1 LLC SUNRN 2021-1A A                      | CUSIP: 86773QAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    798589 | PA      | $730771.35    | 0.17%             | 2052-01-30      | Fixed         | 2.46%                 | Yes           |                  2 | On Loan: No      |
| SIERRA TIMESHARE RECEIVABLES FUNDING LLC               | SIERRA TIMESHARE 2023-1 RECEIVABLES FUNDING LLC SRFC 2023-1A D       | CUSIP: 826943AD4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    353564 | PA      | $370998.05    | 0.09%             | 2040-01-20      | Fixed         | 9.80%                 | Yes           |                  2 | On Loan: No      |
| KKR FINANCIAL CLO, LTD.                                | KKR CLO 23 LTD KKR 23 F                                              | CUSIP: 48252XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    840000 | PA      | $776055.84    | 0.18%             | 2031-10-20      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| CITIBANK CREDIT CARD ISSUANCE TRUST                    | CITIBANK CREDIT CARD ISSUANCE TRUST CCCIT 2007-A3 A3                 | CUSIP: 17305EDT9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4670000 | PA      | $5212644.19   | 1.20%             | 2039-06-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                           | HILTON GRAND VACATIONS TRUST 2024-1B HGVT 2024-1B D                  | CUSIP: 43283YAD5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    179880 | PA      | $185049.46    | 0.04%             | 2039-09-15      | Fixed         | 8.85%                 | Yes           |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGE TRUST                   | MASTR ADJUSTABLE RATE MORTGAGES TRUST 2006-2 MARM 2006-2 1A1         | CUSIP: 576438AA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    313521 | PA      | $305288.41    | 0.07%             | 2036-04-25      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-LC4 MORTGAGE TRUST COMM 2012-LC4 C                         | CUSIP: 126192AG8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |      3714 | PA      | $3463.23      | 0.00%             | 2044-12-10      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| PG&E WILDFIRE RECOVERY FUNDING LLC                     | PG&E WILDFIRE RECOVERY FUNDING LLC 4.263000% 06/01/2036              | CUSIP: 693342AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2892888.81   | 0.67%             | 2036-06-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| AASET TRUST                                            | AASET 2019-2 TRUST AASET 2019-2 C                                    | CUSIP: 00038RAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2603658 | PA      | $2525781.45   | 0.58%             | 2039-10-16      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST       | DEUTSCHE MORTGAGE SECURITIES INC MORTGAGE LOAN TRU DMSI 2004-4 7AR1  | CUSIP: 251563FD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     23277 | PA      | $21617.42     | 0.00%             | 2034-06-25      | Floating      | 4.46%                 | No            |                  2 | On Loan: No      |
| OCP CLO LTD                                            | OCP CLO 2019-17 LTD OCP 2019-17A ER2                                 | CUSIP: 67113MAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3517496.50   | 0.81%             | 2037-07-20      | Floating      | 10.13%                | Yes           |                  2 | On Loan: No      |
| APL FINANCE DESIGNATED ACTIVITY COMPANY                | APL FINANCE 2023-1 DAC ASHPL 2025-1A D                               | CUSIP: 03790CAJ0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3807000 | PA      | $3812596.29   | 0.88%             | 2036-03-20      | Fixed         | 8.15%                 | Yes           |                  2 | On Loan: No      |
| ROCKFORD TOWER CLO                                     | ROCKFORD TOWER CLO 2017-3 LTD ROCKT 2017-3A D                        | CUSIP: 77341DAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250310.00    | 0.06%             | 2030-10-20      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| FRONTIER ISSUER LLC                                    | FRONTIER ISSUER LLC FYBR 2023-1 C                                    | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3144694 | PA      | $3261402.40   | 0.75%             | 2053-08-20      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| AASET TRUST                                            | AASET 2020-1 TRUST AASET 2020-1A C                                   | CUSIP: 00255UAC9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5751893 | PA      | $5427969.31   | 1.25%             | 2040-01-16      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR A            | CUSIP: 85571XAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    323792 | PA      | $195735.21    | 0.05%             | 2027-11-15      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| HARDEES FUNDING LLC                                    | HARDEE'S FUNDING LLC HNGRY 2024-1A A2                                | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    300425 | PA      | $310574.08    | 0.07%             | 2054-03-20      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C36 WFCM 2016-C36 C       | CUSIP: 95000MBV2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $438825.30    | 0.10%             | 2059-11-15      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2013-LC11 C | CUSIP: 46639YAW7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    945000 | PA      | $561348.90    | 0.13%             | 2046-04-15      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA ALTERNATIVE LOAN TRUST                 | BANC OF AMERICA ALTERNATIVE LOAN TRUST 2003-8 BOAA 2003-8 1CB1       | CUSIP: 05948XTV3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    213564 | PA      | $215697.82    | 0.05%             | 2033-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LOAN ADVISERS LLC                     | NEUBERGER BERMAN LOAN ADVISERS CLO 59 LTD NEUB 2024-59A A1           | CUSIP: 640962AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3810000 | PA      | $3812781.30   | 0.88%             | 2039-01-23      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST VII WESTF 2023-A A                    | CUSIP: 97064YAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    412679 | PA      | $424529.52    | 0.10%             | 2048-10-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| POLEN CAPITAL CLO LTD.                                 | POLEN CAPITAL CLO 2025-1 LTD POLEN 2025-1A E                         | CUSIP: 73110LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3905000 | PA      | $3865891.43   | 0.89%             | 2038-03-06      | Floating      | 9.53%                 | Yes           |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C4 WFRBS 2011-C4 E              | CUSIP: 92936CAY5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1680000 | PA      | $1583114.40   | 0.36%             | 2044-06-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C3 WFRBS 2011-C3 D              | CUSIP: 92935VAS7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    854828 | PA      | $307755.19    | 0.07%             | 2044-03-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST                          | NY COMMERCIAL MORTGAGE TRUST 2025-299P NY 2025-299P A                | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5970000 | PA      | $6272071.25   | 1.45%             | 2047-02-10      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| VIVINT SOLAR FINANCING V LLC                           | VIVINT SOLAR FINANCING V LLC VSLR 2018-1A A                          | CUSIP: 92854VAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    934149 | PA      | $895065.44    | 0.21%             | 2048-04-30      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| GFH MORTGAGE TRUST                                     | GFH 2025-IND MORTGAGE TRUST GFH 2025-IND A                           | CUSIP: 36171JAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3330000 | PA      | $3363523.11   | 0.78%             | 2033-06-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| AIM AVIATION FINANCE LIMITED                           | AIM AVIATION FINANCE LTD DCAL 2015-1A B1                             | CUSIP: 001406AB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   8883378 | PA      | $7106879.68   | 1.64%             | 2040-02-15      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| CLI FUNDING LLC                                        | CLI FUNDING VIII LLC CLIF 2025-R A                                   | CUSIP: 12572DAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1447982 | PA      | $1436113.06   | 0.33%             | 2050-06-21      | Fixed         | 6.61%                 | Yes           |                  2 | On Loan: No      |
| FALCON AEROSPACE LIMITED                               | FALCON AEROSPACE LTD 2017-1 FLCON 2017-1 A                           | CUSIP: 30605YAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     16841 | PA      | $16790.03     | 0.00%             | 2042-02-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST         | FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 202 FCRT 2023-2 E     | CUSIP: 35104AAF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1067942.40   | 0.25%             | 2030-07-15      | Fixed         | 10.98%                | Yes           |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST                                 | LENDMARK FUNDING TRUST 2025-1 LFT 2025-1A D                          | CUSIP: 52604QAD5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    665000 | PA      | $677288.00    | 0.16%             | 2034-09-20      | Fixed         | 6.48%                 | Yes           |                  2 | On Loan: No      |
| SYCAMORE TREE CLO LTD                                  | SYCAMORE TREE CLO 2021-1 LTD STCP 2021-1A ER                         | CUSIP: 87122WAE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3750000 | PA      | $3711288.75   | 0.86%             | 2038-01-20      | Floating      | 10.72%                | Yes           |                  2 | On Loan: No      |
| SUNRUN ATLAS ISSUER LLC                                | SUNRUN ATLAS ISSUER 2019-2 LLC SUNRN 2019-2 A                        | CUSIP: 86772FAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2634702 | PA      | $2523403.13   | 0.58%             | 2055-02-01      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                         | MORGAN STANLEY CAPITAL I TRUST 2013-ALTM MSC 2013-ALTM E             | CUSIP: 61690LAQ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $1965675.00   | 0.45%             | 2035-02-05      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                         | CARVANA AUTO RECEIVABLES TRUST 2024-N3 CRVNA 2024-N3 E               | CUSIP: 14687WAG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1250000 | PA      | $1247068.38   | 0.29%             | 2032-04-12      | Fixed         | 7.66%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2010-9 CMLTI 2010-9 2A2                | CUSIP: 17317JAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    216508 | PA      | $211276.47    | 0.05%             | 2035-11-25      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2025-2CON BHG 2025-2CON E                   | CUSIP: 05494LAE5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1009605.60   | 0.23%             | 2036-09-17      | Fixed         | 7.76%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                    | CLSEC HOLDINGS 22T LLC CLAF 2021-1 C                                 | CUSIP: 12567UAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3534124 | PA      | $3357938.12   | 0.77%             | 2037-05-11      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2009-10 CMLTI 2009-10 6A2              | CUSIP: 17316AAZ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    121467 | PA      | $111855.10    | 0.03%             | 2034-09-25      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                    | CONNECTICUT AVENUE SECURITIES TRUST 2021-R01 CAS 2021-R01 1B1        | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $744563.72    | 0.17%             | 2041-10-25      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| BB-UBS TRUST                                           | BB-UBS TRUST BBUBS 2012-TFT C                                        | CUSIP: 05490AAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $1380020.00   | 0.32%             | 2030-06-05      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST                           | HILTON GRAND VACATIONS TRUST 2022-2 HGVT 2022-2A C                   | CUSIP: 43283GAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    243364 | PA      | $245282.28    | 0.06%             | 2037-01-25      | Fixed         | 5.57%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-CCRE3 MORTGAGE TRUST COMM 2012-CR3 D                       | CUSIP: 12624PAS4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $830471.70    | 0.19%             | 2045-10-15      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| LEHMAN XS TRUST MORTGAGE PASS-THROUGH CERTIFICATES     | LEHMAN XS TRUST SERIES 2006-2N LXS 2006-2N 1A1                       | CUSIP: 525221HA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    398404 | PA      | $362471.27    | 0.08%             | 2046-02-25      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| EWC MASTER ISSUER LLC                                  | EWC MASTER ISSUER LLC WAX 2022-1A A2                                 | CUSIP: 26929HAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1548000 | PA      | $1526458.19   | 0.35%             | 2052-03-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AVENTURA MALL VENTURE                                  | AVENTURA MALL TRUST AVMT 2018-AVM A                                  | CUSIP: 05359AAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3760000 | PA      | $3716550.19   | 0.86%             | 2040-07-05      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| REDWOOD FUNDING TRUST                                  | REDWOOD FUNDING TRUST 2025-1 RFT 2025-1 A                            | CUSIP: 757912AA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2811214 | PA      | $2813279.80   | 0.65%             | 2055-05-27      | Fixed         | 7.58%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                                  | QTS ISSUER ABS II LLC QTSII 2025-1A B                                | CUSIP: 74690FAB2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $727815.33    | 0.17%             | 2055-10-05      | Fixed         | 5.78%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2023-3 FCAT 2023-3 C                      | CUSIP: 33846BAJ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    625000 | PA      | $623252.44    | 0.14%             | 2029-07-16      | Fixed         | 6.01%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO LTD                                            | AGL CLO 44 LTD AGL 2025-44A D1                                       | CUSIP: 00121RAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1950000 | PA      | $1937845.65   | 0.45%             | 2037-10-22      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| GARNET CLO LIMITED                                     | GARNET CLO 3 LTD GARNET 2025-3A D1                                   | CUSIP: 36626TAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4275000 | PA      | $4247229.60   | 0.98%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS ISSUER LLC                              | SUNNOVA HELIOS II ISSUER LLC 2019-A SNVA 2019-AA A                   | CUSIP: 86745LAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    386602 | PA      | $359503.11    | 0.08%             | 2046-06-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                              | SCF EQUIPMENT LEASING 2023-1 LLC SCFET 2023-1A E                     | CUSIP: 784024AG6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1500000 | PA      | $1498003.95   | 0.35%             | 2036-07-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TVC MORTAGE TRUST                                      | TVC MORTGAGE TRUST 2024-RRTL1 TVC 2024-RRTL1 M1                      | CUSIP: 87306WAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3610000 | PA      | $3628170.57   | 0.84%             | 2039-07-25      | Fixed         | 7.42%                 | Yes           |                  2 | On Loan: No      |
| VOLOFIN FINANCE (IRELAND) DESIGNATED ACTIVITY COMPANY  | VOLOFIN FINANCE DESIGNATED ACTIVITY CO VFIN 2024-1A B                | CUSIP: 92873RAB7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    915008 | PA      | $937347.52    | 0.22%             | 2037-06-15      | Fixed         | 6.21%                 | Yes           |                  2 | On Loan: No      |
| RFS ASSET SECURITIZATION II LLC                        | RFS ASSET SECURITIZATION II LLC RAPID 2024-1 E                       | CUSIP: 74969DAQ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2520824.50   | 0.58%             | 2031-07-15      | Fixed         | 14.78%                | Yes           |                  2 | On Loan: No      |
| NYMT LOAN TRUST                                        | NYMT LOAN TRUST SERIES 2024-BPL2 NYMT 2024-BPL2 M                    | CUSIP: 67120TAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4250000 | PA      | $4283536.75   | 0.99%             | 2039-05-25      | Fixed         | 8.41%                 | Yes           |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST                           | DC COMMERCIAL MORTGAGE TRUST 2023-DC DC 2023-DC D                    | CUSIP: 24023AAG5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1370000 | PA      | $1411143.29   | 0.33%             | 2040-09-12      | Floating      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2023-1 FCAT 2023-1 C                      | CUSIP: 337955AJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    425000 | PA      | $422910.53    | 0.10%             | 2029-05-15      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA E                                 | CUSIP: 12649AAQ2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  11475000 | PA      | $8240484.38   | 1.90%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| BIRCH GROVE CLO LTD                                    | BIRCH GROVE CLO 6 LTD BGCLO 2023-6A A1R                              | CUSIP: 09077FAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   4485000 | PA      | $4485269.10   | 1.03%             | 2037-07-20      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR E            | CUSIP: 85571XAS6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3185000 | PA      | $15925.00     | 0.00%             | 2027-11-15      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                        | STREAM INNOVATIONS 2024-1 ISSUER TRUST STRE 2024-1A C                | CUSIP: 86324CAC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4291641 | PA      | $4759769.03   | 1.10%             | 2044-07-15      | Fixed         | 11.40%                | Yes           |                  2 | On Loan: No      |
| RESIDENTIAL FUNDING MORTGAGE SECURITIES INCORPORATED   | RFMSI SERIES 2005-SA1 TRUST RFMSI 2005-SA1 1A1                       | CUSIP: 76111XTB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1401916 | PA      | $870782.20    | 0.20%             | 2035-03-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| PRET LLC                                               | PRET 2025-NPL8 LLC PRET 2025-NPL8 A1                                 | CUSIP: 69392EAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2972904 | PA      | $2978058.14   | 0.69%             | 2055-08-25      | Fixed         | 5.73%                 | Yes           |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                        | STREAM INNOVATIONS 2025-1 ISSUER TRUST STRE 2025-1A D                | CUSIP: 86324XAD7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    649553 | PA      | $661404.84    | 0.15%             | 2045-09-15      | Fixed         | 8.40%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC AESOP 2023-3A D             | CUSIP: 05377RKH6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    670000 | PA      | $678403.74    | 0.16%             | 2028-02-20      | Fixed         | 7.32%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC REMICS FHR 5365 LY                                       | CUSIP: 3137HB4W1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2958207 | PA      | $3118367.35   | 0.72%             | 2053-12-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RFS ASSET SECURITIZATION II LLC                        | RFS ASSET SECURITIZATION V LLC RAPID 2025-1 D                        | CUSIP: 74970DAJ1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    900000 | PA      | $904971.51    | 0.21%             | 2032-05-15      | Fixed         | 11.11%                | Yes           |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST                               | OCTANE RECEIVABLES TRUST 2024-1 OCTL 2024-1A E                       | CUSIP: 67571FAF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1872000 | PA      | $1914877.79   | 0.44%             | 2031-08-20      | Fixed         | 7.82%                 | Yes           |                  2 | On Loan: No      |
| VOLT LLC                                               | VOLT XCVI LLC VOLT 2021-NPL5 A2                                      | CUSIP: 92873FAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    269154 | PA      | $269139.91    | 0.06%             | 2051-03-27      | Fixed         | 8.83%                 | Yes           |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORPORATION                    | BANC OF AMERICA FUNDING 2007-4 TRUST BAFC 2007-4 5A1                 | CUSIP: 05953YBT7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     49816 | PA      | $43806.62     | 0.01%             | 2034-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST                       | INDYMAC INDX MORTGAGE LOAN TRUST 2005-AR11 INDX 2005-AR11 A3         | CUSIP: 45660LQH5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    787156 | PA      | $583329.56    | 0.13%             | 2035-08-25      | Floating      | 3.68%                 | No            |                  2 | On Loan: No      |
| DC COMMERCIAL MORTGAGE TRUST                           | DC COMMERCIAL MORTGAGE TRUST 2023-DC DC 2023-DC C                    | CUSIP: 24023AAE0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1510000 | PA      | $1563232.18   | 0.36%             | 2040-09-12      | Floating      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| AVANT CREDIT CARD MASTER TRUST                         | AVANT CREDIT CARD MASTER TRUST 2025-1 AVCCT 2025-1A F                | CUSIP: 05351KAV1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2494999.50   | 0.58%             | 2031-04-15      | Fixed         | 10.79%                | Yes           |                  2 | On Loan: No      |
| FIRSTKEY HOMES TRUST                                   | FIRSTKEY HOMES 2020-SFR2 TRUST FKH 2020-SFR2 F1                      | CUSIP: 33767JAL6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2450000 | PA      | $2443948.50   | 0.56%             | 2037-10-19      | Fixed         | 3.02%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2022-3 FCAT 2022-3 C                      | CUSIP: 33845PAG9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    320000 | PA      | $317957.15    | 0.07%             | 2028-07-17      | Fixed         | 4.99%                 | Yes           |                  2 | On Loan: No      |
| SIERRA TIMESHARE RECEIVABLES FUNDING LLC               | SIERRA TIMESHARE 2021-1 RECEIVABLES FUNDING LLC SRFC 2021-1A D       | CUSIP: 82652QAD3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    143974 | PA      | $143351.22    | 0.03%             | 2037-11-20      | Fixed         | 3.17%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                            | FREDDIE MAC POOL FR WN2326                                           | CUSIP: 3132XGSQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   6920000 | PA      | $6894998.04   | 1.59%             | 2032-12-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2013-C15 WFRBS 2013-C15 B            | CUSIP: 92938CAH0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1217107 | PA      | $1172670.17   | 0.27%             | 2046-08-15      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND                                     | OWN EQUIPMENT FUND I LLC EQS 2024-2M A                               | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1885104 | PA      | $1876195.39   | 0.43%             | 2032-12-20      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2014-GC22 GSMS 2014-GC22 D              | CUSIP: 36253BAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $390000.00    | 0.09%             | 2047-06-10      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| ELDRIDGE CLO LTD.                                      | ELDRIDGE CLO 2025-1 LTD ELD 2025-1A A1                               | CUSIP: 284913AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3095000 | PA      | $3095000.00   | 0.71%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| PLANET FITNESS MASTER ISSUER LLC                       | PLANET FITNESS MASTER ISSUER LLC PLNT 2022-1A A2I                    | CUSIP: 72703PAD5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2586200 | PA      | $2541112.19   | 0.59%             | 2051-12-05      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION LLC                       | KAPITUS ASSET SECURITIZATION IV LLC KAPT 2024-1A D                   | CUSIP: 48555MAD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1100000 | PA      | $1103464.01   | 0.25%             | 2031-09-10      | Fixed         | 9.90%                 | Yes           |                  2 | On Loan: No      |
| FREDDIE MAC STACR REMIC TRUST                          | FREDDIE MAC STACR REMIC TRUST 2022-DNA7 STACR 2022-DNA7 M1B          | CUSIP: 35564KL49<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1845000 | PA      | $1978762.50   | 0.46%             | 2052-03-25      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| GITSIT MORTGAGE LOAN TRUST                             | GITSIT MORTGAGE LOAN TRUST 2025-NPL1 GITST 2025-NPL1 A1              | CUSIP: 375926AA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2172754 | PA      | $2178148.54   | 0.50%             | 2055-02-25      | Fixed         | 6.28%                 | Yes           |                  2 | On Loan: No      |
| BRIDGE STREET CLO LTD                                  | BRIDGE STREET CLO V LTD BRDGS 2025-1A C1                             | CUSIP: 107921AG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2235000 | PA      | $2232143.67   | 0.51%             | 2038-04-20      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| LABRADOR AVIATION FIN LTD SER 2016                     | LABRADOR AVIATION FINANCE LTD 2016-1A LAFL 2016-1A B1                | CUSIP: 50543LAB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1632846 | PA      | $1471651.46   | 0.34%             | 2042-01-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2018-4 TPMT 2018-4 A2                      | CUSIP: 89175TAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1100000 | PA      | $949136.10    | 0.22%             | 2058-06-25      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION LLC                       | KAPITUS ASSET SECURITIZATION V LLC KAPT 2025-1A D                    | CUSIP: 48555NAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2514557.50   | 0.58%             | 2032-04-10      | Fixed         | 10.92%                | Yes           |                  2 | On Loan: No      |
| FIRST INVESTORS AUTO OWNER TRUST                       | FIRST INVESTORS AUTO OWNER TRUST 2022-2 FIAOT 2022-2A D              | CUSIP: 32058KAD1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    750000 | PA      | $771405.23    | 0.18%             | 2028-10-16      | Fixed         | 8.71%                 | Yes           |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2014-UBS4 MORTGAGE TRUST COMM 2014-UBS4 AM                      | CUSIP: 12591QAT9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    740456 | PA      | $704921.55    | 0.16%             | 2047-08-10      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | AASET 2020−1A E 0% 01/16/2040                                        | CUSIP: 00258AAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |  17029000 | PA      | $1217573.50   | 0.28%             | 2040-01-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GARNET CLO LIMITED                                     | GARNET CLO 2 LTD GARNET 2025-2A D1                                   | CUSIP: 36626CAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1845000 | PA      | $1839007.44   | 0.42%             | 2038-10-20      | Floating      | 7.18%                 | Yes           |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES TRUST                            | TRICON AMERICAN HOMES 2020-SFR1 TAH 2020-SFR1 F                      | CUSIP: 89613GAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    160000 | PA      | $159020.51    | 0.04%             | 2038-07-17      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2022-C BHG 2022-C E                         | CUSIP: 08860DAE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1890000 | PA      | $2033519.42   | 0.47%             | 2035-10-17      | Fixed         | 9.73%                 | Yes           |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                              | COREVEST AMERICAN FINANCE 2019-1 TRUST CAFL 2019-1 E                 | CUSIP: 21872FAG2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    575000 | PA      | $566687.05    | 0.13%             | 2052-03-15      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST               | GS MORTGAGE SECURITIES CORP TRUST 2023-SHIP GSMS 2023-SHIP B         | CUSIP: 36270GAC5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3440000 | PA      | $3436029.90   | 0.79%             | 2038-09-10      | Floating      | 4.94%                 | Yes           |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST VI WESTF 2021-A A                     | CUSIP: 97064GAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1212930 | PA      | $1141185.85   | 0.26%             | 2046-05-15      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-2 MALT 2004-2 8A4                  | CUSIP: 576434MU5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1517014 | PA      | $1387636.38   | 0.32%             | 2034-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE                              | COREVEST AMERICAN FINANCE 2020-2 TRUST CAFL 2020-2 D                 | CUSIP: 21872VAF9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1211000 | PA      | $1185531.10   | 0.27%             | 2052-05-15      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2012-LC4 MORTGAGE TRUST COMM 2012-LC4 D                         | CUSIP: 126192AK9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1605000 | PA      | $1155648.15   | 0.27%             | 2044-12-10      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2020-4 TPMT 2020-4 M1                      | CUSIP: 89179JAC0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2300000 | PA      | $1841611.15   | 0.42%             | 2060-10-25      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| ROC MORTGAGE TRUST                                     | ROC MORTGAGE TRUST 2024-RTL1 ROC 2024-RTL1 M1                        | CUSIP: 77118UAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3740000 | PA      | $3762318.82   | 0.87%             | 2039-10-25      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C34 WFCM 2016-C34 C       | CUSIP: 95000DBK6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2902000 | PA      | $2715269.36   | 0.63%             | 2049-06-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| STELLAR JAY IRELAND DAC                                | STELLAR JAY IRELAND DAC STELR 2021-1 A                               | CUSIP: 858558AA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    117480 | PA      | $115159.65    | 0.03%             | 2041-10-15      | Fixed         | 3.97%                 | Yes           |                  2 | On Loan: No      |
| SYMETRA CLO LTD                                        | SYMETRA CLO 2025-1 LTD SIM 2025-1A E                                 | CUSIP: 87153CAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $3960104.00   | 0.91%             | 2038-04-20      | Floating      | 9.63%                 | Yes           |                  2 | On Loan: No      |
| VOLT LLC                                               | VOLT XCIV LLC VOLT 2021-NPL3 A2                                      | CUSIP: 92873AAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1173723 | PA      | $1173758.74   | 0.27%             | 2051-02-27      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| HUNDSON'S BAY SIMON JV TRUST                           | HUDSONS BAY SIMON JV TRUST 2015-HBS HBCT 2015-HB10 A10               | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3375000 | PA      | $3370920.64   | 0.78%             | 2034-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO RECEIVABLES TRUST                            | SBNA AUTO RECEIVABLES TRUST 2025-SF1 SBAT 2025-SF1 F                 | CUSIP: 78437XAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1012293.70   | 0.23%             | 2033-06-15      | Fixed         | 8.71%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2018-5 TPMT 2018-5 M1                      | CUSIP: 89176VAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    505000 | PA      | $434303.54    | 0.10%             | 2058-07-25      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS LIMITED                    | TMCL VII HOLDINGS LTD TMCL 2025-1H B                                 | CUSIP: 87257FAB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |   2850000 | PA      | $2855937.12   | 0.66%             | 2050-07-23      | Fixed         | 8.06%                 | Yes           |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST                               | FOUNDATION FINANCE TRUST 2024-2 FFIN 2024-2A E                       | CUSIP: 35040VAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1140200 | PA      | $1170759.25   | 0.27%             | 2050-03-15      | Fixed         | 9.35%                 | Yes           |                  2 | On Loan: No      |
| CARLYLE US CLO LTD                                     | CARLYLE US CLO 2022-3 LTD CGMS 2022-3A D1R                           | CUSIP: 143111AU6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2001872.00   | 0.46%             | 2037-04-20      | Floating      | 7.73%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2021-NRD BPR 2021-NRD E                                    | CUSIP: 05592CAN6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2030000 | PA      | $2009804.55   | 0.46%             | 2038-12-15      | Floating      | 9.65%                 | Yes           |                  2 | On Loan: No      |
| LEHMAN MORTGAGE TRUST                                  | LEHMAN MORTGAGE TRUST 2007-9 LMT 2007-9 1A1                          | CUSIP: 52522XAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     52284 | PA      | $49204.35     | 0.01%             | 2037-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONDECK ASSET SECURITIZATION TRUST LLC                  | ONDECK ASSET SECURITIZATION TRUST IV LLC ONDK 2024-2A C              | CUSIP: 67108SAF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    420000 | PA      | $422401.60    | 0.10%             | 2031-10-17      | Fixed         | 7.03%                 | Yes           |                  2 | On Loan: No      |
| CIM TRUST                                              | CIM TRUST 2022-R2 CIM 2022-R2 A1                                     | CUSIP: 12567NAA7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    716172 | PA      | $684228.50    | 0.16%             | 2061-12-25      | Floating      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST         | FOURSIGHT CAPITAL AUTOMOBILE RECEIVABLES TRUST 202 FCRT 2024-1 E     | CUSIP: 35105AAF4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1250000 | PA      | $1336448.88   | 0.31%             | 2031-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| AASET TRUST                                            | AASET 2020-1 TRUST AASET 2020-1A B                                   | CUSIP: 00255UAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2392884 | PA      | $2306011.32   | 0.53%             | 2040-01-16      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| COMM MORTGAGE TRUST                                    | COMM 2024-CBM MORTGAGE TRUST COMM 2024-CBM A2                        | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1065000 | PA      | $1084776.30   | 0.25%             | 2041-12-10      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| OHA CREDIT FUNDING LTD                                 | OHA CREDIT FUNDING 2 LTD OAKC 2019-2A AR2                            | CUSIP: 67707EBJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2301651.40   | 0.53%             | 2038-01-21      | Floating      | 5.11%                 | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-8 MALT 2004-8 2A1                  | CUSIP: 576434UQ5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    405160 | PA      | $408499.87    | 0.09%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HORIZON AIRCRAFT FINANCE I LIMITED                     | HORIZON AIRCRAFT FINANCE I LTD HORZN 2018-1 B                        | CUSIP: 440405AF5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1171040 | PA      | $1039266.50   | 0.24%             | 2038-12-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING LLC                              | AUXILIOR TERM FUNDING 2023-1 LLC XCAP 2023-1A E                      | CUSIP: 05335JAF0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2750000 | PA      | $2873725.25   | 0.66%             | 2032-12-15      | Fixed         | 10.97%                | Yes           |                  2 | On Loan: No      |
| COLLEGE AVE STUDENT LOANS LLC                          | COLLEGE AVE STUDENT LOANS 2023-A LLC CASL 2023-A E                   | CUSIP: 193938AF4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    883588 | PA      | $911915.04    | 0.21%             | 2055-05-25      | Fixed         | 8.49%                 | Yes           |                  2 | On Loan: No      |
| CGCCRE COMMERCIAL MORTGAGE TRUST                       | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 CGCC 2014-FL2 COL2        | CUSIP: 12528PAP7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2228132 | PA      | $458130.75    | 0.11%             | 2031-11-15      | Floating      | 8.65%                 | No            |                  2 | On Loan: No      |
| ACCELERATED ASSETS LLC                                 | ACCELERATED ASSETS 2018-1 LLC AALLC 2018-1 B                         | CUSIP: 00436MAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    119055 | PA      | $117778.41    | 0.03%             | 2033-12-02      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| CGCCRE COMMERCIAL MORTGAGE TRUST                       | CG-CCRE COMMERCIAL MORTGAGE TRUST 2014-FL2 CGCC 2014-FL2 COL1        | CUSIP: 12528PAN2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    915044 | PA      | $283519.09    | 0.07%             | 2031-11-15      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| BIZ2CREDIT ASSET SECURITIZATION LLC                    | BIZ2CREDIT ASSET SECURITIZATION LLC BZTC 2024-1A C                   | CUSIP: 091954AC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $503562.10    | 0.12%             | 2031-05-15      | Fixed         | 13.73%                | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2022-SSP BPR 2022-SSP D                                    | CUSIP: 05602HAL7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2170000 | PA      | $2169367.45   | 0.50%             | 2039-05-15      | Floating      | 10.66%                | Yes           |                  2 | On Loan: No      |
| SECURITIZED TERM AUTO RECEIVABLES TRUST                | SECURITIZED TERM AUTO RECEIVABLES TRUST SSTRT 2025-A D               | CUSIP: 81378RAD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | CA        |    680008 | PA      | $691536.55    | 0.16%             | 2031-07-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FALCON AEROSPACE LIMITED                               | FALCON 2019-1 AEROSPACE LTD FLCON 2019-1 E                           | CUSIP: 30610HAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   5000000 | PA      | $1030000.00   | 0.24%             | 2039-09-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2024-3 FCAT 2024-3 B                      | CUSIP: 33843YAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    270000 | PA      | $267950.19    | 0.06%             | 2029-07-16      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| 720 EAST CLO LTD                                       | 720 EAST CLO VI LTD NWML 2024-3A E                                   | CUSIP: 81800VAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3720000 | PA      | $3682948.80   | 0.85%             | 2038-01-20      | Floating      | 9.38%                 | Yes           |                  2 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST                          | UBS COMMERCIAL MORTGAGE TRUST 2018-C14 UBSCM 2018-C14 C              | CUSIP: 90278KBF7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1885000 | PA      | $1768745.08   | 0.41%             | 2051-12-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| WFRBS COMMERCIAL MORTGAGE TRUST                        | WFRBS COMMERCIAL MORTGAGE TRUST 2011-C4 WFRBS 2011-C4 D              | CUSIP: 92936CAW9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    449567 | PA      | $434969.40    | 0.10%             | 2044-06-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS ISSUER LLC                              | SUNNOVA HELIOS XIII ISSUER LLC SNVA 2024-A A                         | CUSIP: 86745CAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2114689 | PA      | $1969180.43   | 0.45%             | 2051-02-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| COUNTRYWIDE HOME LOANS INC                             | CHL MORTGAGE PASS-THROUGH TRUST 2004-12 CWHL 2004-12 8A1             | CUSIP: 12669FM83<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    173803 | PA      | $169386.93    | 0.04%             | 2034-08-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| SUNNOVA ENERGY CORP 2018-1                             | SUNNOVA HELIOS II ISSUER LLC 2018-1 SNVA 2018-1A A                   | CUSIP: 86745JAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    129136 | PA      | $124318.24    | 0.03%             | 2048-07-20      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE CLO                                      | PALMER SQUARE CLO 2023-1 LTD PLMRS 2023-1A AR                        | CUSIP: 69702TAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4205000 | PA      | $4208036.01   | 0.97%             | 2038-01-20      | Floating      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2005-3 CMLTI 2005-3 2A3                | CUSIP: 17307GTL2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    409203 | PA      | $330252.57    | 0.08%             | 2035-08-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BASEPOINT MCA SECURITIZATION LLC                       | BASEPOINT MCA SECURITIZATION II LLC BSPNT 2025-1A C                  | CUSIP: 06983XAC9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2675000 | PA      | $2664317.92   | 0.61%             | 2031-08-15      | Fixed         | 11.79%                | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2022-3 FCAT 2022-3 D                      | CUSIP: 33845PAJ3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1220000 | PA      | $1126951.58   | 0.26%             | 2028-07-17      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2003-9 MALT 2003-9 4A1                  | CUSIP: 576434KX1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    150108 | PA      | $151141.51    | 0.03%             | 2033-11-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST                                        | NYMT LOAN TRUST SERIES 2024-BPL3 NYMT 2024-BPL3 M1                   | CUSIP: 67119RAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2470000 | PA      | $2460174.59   | 0.57%             | 2039-09-25      | Floating      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| BANC OF AMERICA FUNDING CORPORATION                    | BANC OF AMERICA FUNDING 2005-7 TRUST BAFC 2005-7 3A1                 | CUSIP: 05946XS61<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    228410 | PA      | $233141.63    | 0.05%             | 2035-11-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-5 MALT 2004-5 2A1                  | CUSIP: 576434RG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    152487 | PA      | $156452.84    | 0.04%             | 2034-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BIZ2CREDIT ASSET SECURITIZATION LLC                    | BIZ2CREDIT ASSET SECURITIZATION LLC BZTC 2024-1A B                   | CUSIP: 091954AB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1520000 | PA      | $1528920.88   | 0.35%             | 2031-05-15      | Fixed         | 9.44%                 | Yes           |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION LLC                       | KAPITUS ASSET SECURITIZATION IV LLC KAPT 2024-1A 1D                  | CUSIP: 48555MAH2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1500000 | PA      | $1504723.65   | 0.35%             | 2031-09-10      | Fixed         | 9.90%                 | Yes           |                  2 | On Loan: No      |
| 37 CAPITAL CLO LTD                                     | 37 CAPITAL CLO 1 LTD PUTNM 2021-1A E                                 | CUSIP: 88430QAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $990379.00    | 0.23%             | 2034-10-15      | Floating      | 11.37%                | Yes           |                  2 | On Loan: No      |
| N/A                                                    | GITSIT SOLUTIONS LLC 144A 8.000000% 11/15/2029                       | CUSIP: 37637LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2894550.00   | 0.67%             | 2029-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WILLIS ENGINE STRUCTURED TRUST                         | WILLIS ENGINE STRUCTURED TRUST V WESTF 2020-A A                      | CUSIP: 97064FAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    889019 | PA      | $855427.17    | 0.20%             | 2045-03-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT SECURITIZATION TRUST               | CASTLELAKE AIRCRAFT SECURITIZATION TRUST 2018-1 CLAST 2018-1 B       | CUSIP: 14856CAB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    592540 | PA      | $542878.86    | 0.13%             | 2043-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ECAF I BLOCKER LTD                                     | ECAF I BLOCKER LTD ELEMENT COMM AVIATION                             | CUSIP: 3616399A7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9000000 | PA      | $0.00         | 0.00%             | 2040-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                     | METRONET INFRASTRUCTURE ISSUER LLC MNET 2025-2A C                    | CUSIP: 59170JBB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    795000 | PA      | $802691.07    | 0.19%             | 2055-08-20      | Fixed         | 7.83%                 | Yes           |                  2 | On Loan: No      |
| KESTREL AIRCRAFT FUNDING LTD                           | KESTREL AIRCRAFT FUNDING LTD KSTRL 2018-1A A                         | CUSIP: 49255PAA1<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |    922286 | PA      | $921455.55    | 0.21%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST                           | BX COMMERCIAL MORTGAGE TRUST 2024-VLT5 BX 2024-VLT5 A                | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    750000 | PA      | $765648.23    | 0.18%             | 2046-11-13      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| STARWOOD RETAIL PROPERTY TRUST                         | STARWOOD RETAIL PROPERTY TRUST 2014-STAR SRPT 2014-STAR F            | CUSIP: 85571XAU1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     34224 | PA      | $34.22        | 0.00%             | 2027-11-15      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| FORA FINANCIAL ASSET SECURITIZATION LLC                | FORA FINANCIAL ASSET SECURITIZATION 2024 LLC FORA 2024-1A D          | CUSIP: 34512PAD6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3000000 | PA      | $3021945.60   | 0.70%             | 2029-08-15      | Fixed         | 12.01%                | Yes           |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA D                                 | CUSIP: 12649AAN9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    760000 | PA      | $566587.60    | 0.13%             | 2037-09-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| BFLD TRUST                                             | BFLD COMMERCIAL MORTGAGE TRUST 2025-660F BFLD 2025-660F D            | CUSIP: 05556QAG4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    620000 | PA      | $621162.50    | 0.14%             | 2042-11-15      | Floating      | 6.77%                 | Yes           |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST                             | FLAGSHIP CREDIT AUTO TRUST 2022-4 FCAT 2022-4 C                      | CUSIP: 33843XAE9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    170000 | PA      | $171861.18    | 0.04%             | 2028-10-16      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC AESOP 2023-1A D             | CUSIP: 05377RJQ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    815000 | PA      | $836694.08    | 0.19%             | 2029-04-20      | Fixed         | 7.59%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST                        | STREAM INNOVATIONS 2024-2 ISSUER TRUST STRE 2024-2A C                | CUSIP: 86324EAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1050025.80   | 0.24%             | 2045-02-15      | Fixed         | 9.05%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST               | GS MORTGAGE SECURITIES CORP TRUST 2012-BWTR GSMS 2012-BWTR A         | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3716077 | PA      | $3219797.54   | 0.74%             | 2034-11-05      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY MORTGAGE LOAN TRUST                     | MORGAN STANLEY MORTGAGE LOAN TRUST 2005-7 MSM 2005-7 7A5             | CUSIP: 61748HPQ8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     89858 | PA      | $82713.36     | 0.02%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST                                             | CSMC 2014-USA OA LLC CSMC 2014-USA C                                 | CUSIP: 12649AAL3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    985000 | PA      | $777667.35    | 0.18%             | 2037-09-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2014-GC22 GSMS 2014-GC22 B              | CUSIP: 36253BAZ6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   6605000 | PA      | $5384907.23   | 1.24%             | 2047-06-10      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST                               | OCTANE RECEIVABLES TRUST 2024-2 OCTL 2024-2A E                       | CUSIP: 67578YAF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1250000 | PA      | $1319385.75   | 0.30%             | 2032-07-20      | Fixed         | 9.04%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST MSBAM 2013-C11 B  | CUSIP: 61762TAH9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3330000 | PA      | $2013684.30   | 0.46%             | 2046-08-15      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| EDI ABS ISSUER 1 LLC                                   | EDI ABS ISSUER 1 LLC ECORE 2025-1A B                                 | CUSIP: 268332AB9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4240000 | PA      | $4067039.80   | 0.94%             | 2055-07-25      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-J10 CWALT 2004-J10 2CB1                  | CUSIP: 12667FVB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    131827 | PA      | $133868.06    | 0.03%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WAVE LLC                                               | WAVE 2019-1 LLC WAAV 2019-1 C                                        | CUSIP: 94354KAC4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3041287 | PA      | $2585093.82   | 0.60%             | 2044-09-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE MORTGAGE SECURITIES MORTGAGE LOAN TRUST       | DEUTSCHE MORTGAGE SEC INC MORT LOAN TR SER 2004-1 DMSI 2004-1 3A5    | CUSIP: 251563CA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    459800 | PA      | $454803.73    | 0.10%             | 2033-12-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                    | CITIGROUP COMMERCIAL MORTGAGE TRUST 2014-GC21 CGCMT 2014-GC21 D      | CUSIP: 17322MAA4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4790000 | PA      | $4279778.30   | 0.99%             | 2047-05-10      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| BENCHMARK MORTGAGE TRUST                               | BENCHMARK 2021-B31 MORTGAGE TRUST BMARK 2021-B31 A5                  | CUSIP: 08163MAE7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $892216.80    | 0.21%             | 2054-12-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANK AUTO CREDIT-LINKED NOTES               | HUNTINGTON BANK AUTO CREDIT-LINKED NOTES SERIES 20 HACLN 2024-1 C    | CUSIP: 44644NAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    242227 | PA      | $244160.25    | 0.06%             | 2032-05-20      | Floating      | 7.33%                 | Yes           |                  2 | On Loan: No      |
| STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST         | STRUCTURED ADJUSTABLE RATE MORTGAGE LOAN TRUST SARM 2005-14 A1       | CUSIP: 863579TM0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2589988 | PA      | $1539865.31   | 0.35%             | 2035-07-25      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| United States of America                               | TREASURY BILL 0.000000% 11/04/2025                                   | CUSIP: 912797RM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33650700 | PA      | $33647127.98  | 7.76%             | 2025-11-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMERICA TRUST                            | EXTENDED STAY AMERICA TRUST 2025-ESH ESA 2025-ESH A                  | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    430000 | PA      | $430806.25    | 0.10%             | 2042-10-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST | JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRU JPMCC 2011-C3 C   | CUSIP: 46635TAX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2490000 | PA      | $2349655.63   | 0.54%             | 2046-02-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | HARBOUR AIRCRAFT INVESTMENTS LTD HAIL 2017-1 C                       | CUSIP: G4301UAH7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   8956753 | PA      | $6279937.76   | 1.45%             | 2037-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2013-GC13 GSMS 2013-GC13 C              | CUSIP: 36198EAY1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    610000 | PA      | $563487.50    | 0.13%             | 2046-07-10      | Floating      | 3.87%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST                          | MILL CITY MORTGAGE LOAN TRUST 2021-NMR1 MCMLT 2021-NMR1 M3           | CUSIP: 59982HAL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    730000 | PA      | $616471.42    | 0.14%             | 2060-11-25      | Floating      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST                  | WFRBS COMMERCIAL MORTGAGE TRUST 2012-C10 WFRBS 2012-C10 C            | CUSIP: 92890NAY5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2130000 | PA      | $1874400.00   | 0.43%             | 2045-12-15      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS ISSUER LLC                              | SUNNOVA HELIOS V ISSUER LLC SNVA 2021-A B                            | CUSIP: 86746EAB3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2954587 | PA      | $1338066.74   | 0.31%             | 2048-02-20      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| ISLAND FINANCE TRUST                                   | ISLAND FINANCE TRUST 2025-1 ISLN 2025-1A C                           | CUSIP: 463920AC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    500000 | PA      | $510011.35    | 0.12%             | 2035-03-19      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST                             | JP MORGAN MORTGAGE TRUST 2004-S1 JPMMT 2004-S1 2A1                   | CUSIP: 466247EV1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    709627 | PA      | $733879.26    | 0.17%             | 2034-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST                      | AFFIRM ASSET SECURITIZATION TRUST 2023-X1 AFFRM 2023-X1 D            | CUSIP: 00834KAD9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $1005125.20   | 0.23%             | 2028-11-15      | Fixed         | 9.55%                 | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-J3 CWALT 2004-J3 1A1                     | CUSIP: 12667FGT6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     66683 | PA      | $67219.39     | 0.02%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST                      | CREDIT ACCEPTANCE AUTO LOAN TRUST 2023-1 CAALT 2023-1A C             | CUSIP: 224927AE3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    495000 | PA      | $505479.15    | 0.12%             | 2033-07-15      | Fixed         | 7.71%                 | Yes           |                  2 | On Loan: No      |
| BANK                                                   | BANK 2021-BNK34 BANK 2021-BN34 A5                                    | CUSIP: 06541JAL5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1000000 | PA      | $880892.20    | 0.20%             | 2063-06-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| PRPM LLC                                               | PRPM 2025-2 LLC PRPM 2025-2 A2                                       | CUSIP: 69382HAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   4085000 | PA      | $4095209.64   | 0.94%             | 2030-05-25      | Fixed         | 9.56%                 | Yes           |                  2 | On Loan: No      |
| RAPTOR AIRCRAFT FINANCE LIMITED                        | RAPTOR AIRCRAFT FINANCE I LLC RPTOR 2019-1 A                         | CUSIP: 75383HAA9<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |   1956808 | PA      | $1771635.55   | 0.41%             | 2044-08-23      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| GITSIT MORTGAGE LOAN TRUST                             | GITSIT MORTGAGE LOAN TRUST 2025-NPL1 GITST 2025-NPL1 A2              | CUSIP: 375926AB8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3436000 | PA      | $3454478.12   | 0.80%             | 2055-02-25      | Fixed         | 8.84%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST                                              | BPR TRUST 2021-NRD BPR 2021-NRD F                                    | CUSIP: 05592CAQ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2545000 | PA      | $2481081.56   | 0.57%             | 2038-12-15      | Floating      | 10.90%                | Yes           |                  2 | On Loan: No      |
| N/A                                                    | GGAM MASTER TRUST INTERNATIONAL LTD GGAMMT 2025-1A A                 | CUSIP: 36173XAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2760000 | PA      | $2754990.60   | 0.64%             | 2060-09-30      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| UNITI FIBER ABS ISSUER LLC                             | UNITI FIBER ABS ISSUER LLC UNIT 2025-2A C                            | CUSIP: 91326EAJ4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2000000 | PA      | $2030155.60   | 0.47%             | 2056-01-20      | Fixed         | 7.83%                 | Yes           |                  2 | On Loan: No      |
| LABRADOR AVIATION FIN LTD SER 2016                     | LABRADOR AVIATION FINANCE LTD 2016-1A LAFL 2016-1A A1                | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2133268 | PA      | $2079851.33   | 0.48%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-28CB CWALT 2004-28CB 5A1                 | CUSIP: 12667FYU3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |     82347 | PA      | $82228.93     | 0.02%             | 2035-01-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KDAC AVIATION FINANCE (CAYMAN) LTD                     | KDAC AVIATION FINANCE LTD KDAC 2017-1A C                             | CUSIP: 48244XAC6<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |  15125862 | PA      | $13915792.91  | 3.21%             | 2042-12-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD MASTER TRUST             | MERCURY FINANCIAL CREDIT CARD MASTER TRUST MFCC 2024-2A A            | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1430000 | PA      | $1438561.84   | 0.33%             | 2029-07-20      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                    | FIRST AMERICAN TREASURY OBLIGATIONS FUND CLASS X                     | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             |  | US        |   9269161 | PA      | $9269161.17   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES TRUST                           | GS MORTGAGE SECURITIES TRUST 2011-GC5 GSMS 2011-GC5 C                | CUSIP: 36191YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    100000 | PA      | $90391.13     | 0.02%             | 2044-08-10      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| OHA LOAN FUNDING LTD                                   | OHA LOAN FUNDING 2015-1 LTD OHALF 2015-1A D1R4                       | CUSIP: 67109BDW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2145000 | PA      | $2147226.51   | 0.49%             | 2038-10-19      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| PRET LLC                                               | PRET 2024-NPL7 LLC PRET 2024-NPL7 A1                                 | CUSIP: 74136TAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    198948 | PA      | $199022.69    | 0.05%             | 2054-10-25      | Fixed         | 5.93%                 | Yes           |                  2 | On Loan: No      |
| INDYMAC INDX MORTGAGE LOAN TRUST                       | INDYMAC INDX MORTGAGE LOAN TRUST 2004-AR6 INDX 2004-AR6 4A           | CUSIP: 45660NX75<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    482253 | PA      | $465693.94    | 0.11%             | 2034-10-25      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| MASTR ADJUSTABLE RATE MORTGAGE TRUST                   | MASTR ADJUSTABLE RATE MORTGAGES TRUST 2005-2 MARM 2005-2 3A1         | CUSIP: 576433XW1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    601164 | PA      | $533065.32    | 0.12%             | 2035-03-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| FORTIVA PRIVATE LABEL CREDIT CARD                      | FORTIVA RETAIL CREDIT MASTER NOTE BUSINESS TRUST FRCMT 2024-ONE C    | CUSIP: 34962AAX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5270000 | PA      | $5317472.16   | 1.23%             | 2029-11-15      | Fixed         | 12.56%                | Yes           |                  2 | On Loan: No      |
| APPLEBEE'S FUNDING LLC/IHOP FUNDING LLC                | APPLEBEE'S FUNDING LLC / IHOP FUNDING LLC DIN 2025-1A A2             | CUSIP: 03789XAH1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1028000 | PA      | $1028730.70   | 0.24%             | 2055-06-07      | Fixed         | 6.72%                 | Yes           |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST                              | TOWD POINT MORTGAGE TRUST 2019-2 TPMT 2019-2 M1                      | CUSIP: 89177JAC2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    890000 | PA      | $777123.53    | 0.18%             | 2058-12-25      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 2012-CK MSBAM 2012-CKSV C | CUSIP: 553514AL4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    830000 | PA      | $495925.00    | 0.11%             | 2030-10-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION TRUST               | GS MORTGAGE SECURITIES CORP TRUST 2013-PEMB GSMS 2013-PEMB A         | CUSIP: 36197VAA6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $811537.50    | 0.19%             | 2033-03-05      | Floating      | 3.55%                 | No            |                  2 | On Loan: No      |
| RCO MORTGAGE LLC                                       | RCO VIII MORTGAGE LLC 2025-3 RCO 2025-3 A2                           | CUSIP: 74939GAB1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    958000 | PA      | $963229.05    | 0.22%             | 2030-05-25      | Fixed         | 8.84%                 | Yes           |                  2 | On Loan: No      |
| SIERRA TIMESHARE RECEIVABLES FUNDING LLC               | SIERRA TIMESHARE 2024-1 RECEIVABLES FUNDING LLC SRFC 2024-1A D       | CUSIP: 826935AD0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    424545 | PA      | $436327.19    | 0.10%             | 2043-01-20      | Fixed         | 8.02%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST INC                      | CITIGROUP MORTGAGE LOAN TRUST 2019-RP1 CMLTI 2019-RP1 M3             | CUSIP: 17327RAD2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1005000 | PA      | $896431.06    | 0.21%             | 2066-01-25      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| TIC HOME IMPROVEMENT TRUST                             | TIC HOME IMPROVEMENT TRUST 2024-A TIC 2024-A C                       | CUSIP: 87252DAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1145000 | PA      | $1189205.93   | 0.27%             | 2046-10-15      | Fixed         | 11.73%                | Yes           |                  2 | On Loan: No      |
| CWALT, INC (COUNTRYWIDE ALTERNATIVE LOAN TRUST)        | ALTERNATIVE LOAN TRUST 2004-14T2 CWALT 2004-14T2 A11                 | CUSIP: 12667FMX0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    139765 | PA      | $141250.36    | 0.03%             | 2034-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SEACO CONTAINER                                        | GLOBAL SC FINANCE X LTD SEACO 2025-1H B                              | CUSIP: 37893FAB4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1905225 | PA      | $1904558.17   | 0.44%             | 2045-09-20      | Fixed         | 7.85%                 | Yes           |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST                         | CARVANA AUTO RECEIVABLES TRUST 2024-N3 CRVNA 2024-N3 D               | CUSIP: 14687WAF7<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    785000 | PA      | $778899.61    | 0.18%             | 2030-12-10      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SEACUBE CONTAINER CLIF                                 | CLI FUNDING VI LLC CLIF 2020-3A B                                    | CUSIP: 12563LAT4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    478100 | PA      | $451692.86    | 0.10%             | 2045-10-18      | Fixed         | 3.30%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST     | MSBAM COMMERCIAL MORTGAGE SECURITIES TRUST 2012-CK MSBAM 2012-CKSV D | CUSIP: 553514AN0<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    400000 | PA      | $131000.00    | 0.03%             | 2030-10-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST                 | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-3 SDART 2024-3 D         | CUSIP: 80287LAF6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2090000 | PA      | $2131117.41   | 0.49%             | 2031-10-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| SUNNOVA HELIOS ISSUER LLC                              | SUNNOVA HELIOS X ISSUER LLC SNVA 2022-C C                            | CUSIP: 86744WAC3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2590324 | PA      | $1024420.24   | 0.24%             | 2049-11-22      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SCF EQUIPMENT LEASING LLC                              | SCF EQUIPMENT LEASING 2022-2 LLC SCFET 2022-2A E                     | CUSIP: 78397WAG1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3750000 | PA      | $3753434.25   | 0.87%             | 2035-06-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| MARINER FINANCE ISSUANCE TRUST                         | MARINER FINANCE ISSUANCE TRUST 2024-A MFIT 2024-AA D                 | CUSIP: 567928AD8<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    250000 | PA      | $255885.90    | 0.06%             | 2036-09-22      | Fixed         | 6.77%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2024-1CON BHG 2024-1CON E                   | CUSIP: 08862HAE2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2728880.25   | 0.63%             | 2035-04-17      | Fixed         | 10.45%                | Yes           |                  2 | On Loan: No      |
| CAL FUNDING LIMITED                                    | CAL FUNDING IV LTD CAI 2020-1A B                                     | CUSIP: 12807CAC7<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |    582165 | PA      | $557720.33    | 0.13%             | 2045-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SUNRUN DEMETER ISSUER LLC                              | SUNRUN DEMETER ISSUER 2021-2 LLC SUNRN 2021-2A A                     | CUSIP: 86772HAA5<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    494261 | PA      | $445383.77    | 0.10%             | 2057-01-30      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| TEXTAINER MARINE CONTAINERS LIMITED                    | TEXTAINER MARINE CONTAINERS VII LTD TMCL 2021-1A B                   | CUSIP: 88315LAN8<br>LEI: N/A                  | Long             | ABS-MBS          |  | BM        |    436869 | PA      | $406396.91    | 0.09%             | 2046-02-20      | Fixed         | 2.52%                 | Yes           |                  2 | On Loan: No      |
| THUNDERBOLT AIRCRAFT LEASE LIMITED                     | THUNDERBOLT III AIRCRAFT LEASE LTD TBOLT 2019-1 B                    | CUSIP: 88607AAB5<br>LEI: N/A                  | Long             | ABS-MBS          |  | KY        |    239245 | PA      | $217718.30    | 0.05%             | 2039-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VSTRONG AUTO RECEIVABLES TRUST                         | VSTRONG AUTO RECEIVABLES TRUST 2023-A VSTRG 2023-A C                 | CUSIP: 92920CAJ6<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2845000 | PA      | $2984788.51   | 0.69%             | 2030-02-15      | Fixed         | 8.04%                 | Yes           |                  2 | On Loan: No      |
| BAIN CAPITAL CREDIT CLO                                | BAIN CAPITAL CLO 2024-1 LTD BCC 2024-1A D1                           | CUSIP: 056920AJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1750000 | PA      | $1761215.75   | 0.41%             | 2037-04-16      | Floating      | 7.74%                 | Yes           |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST                    | NEW RESIDENTIAL MORTGAGE LOAN TRUST 2024-RPL1 NRZT 2024-RPL1 B2      | CUSIP: 64832AAC1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   1195000 | PA      | $972826.44    | 0.22%             | 2064-01-25      | Floating      | 3.87%                 | Yes           |                  2 | On Loan: No      |
| BHG SECURITIZATION TRUST                               | BHG SECURITIZATION TRUST 2023-B BHG 2023-B E                         | CUSIP: 08862GAE4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   2500000 | PA      | $2844435.75   | 0.66%             | 2036-12-17      | Fixed         | 12.40%                | Yes           |                  2 | On Loan: No      |
| MASTR ALTERNATIVE LOAN TR                              | MASTR ALTERNATIVE LOAN TRUST 2004-5 MALT 2004-5 1A1                  | CUSIP: 576434RF3<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    111390 | PA      | $112433.08    | 0.03%             | 2034-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EVERBRIGHT SOLAR TRUST                                 | EVERBRIGHT SOLAR TRUST 2024-A EVBRT 2024-A A                         | CUSIP: 29977FAA2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    910908 | PA      | $871249.04    | 0.20%             | 2054-06-22      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| FHF TRUST                                              | FHF ISSUER TRUST 2025-1 FHF 2025-1A A2                               | CUSIP: 30340RAB2<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   3277615 | PA      | $3260082.94   | 0.75%             | 2031-02-15      | Fixed         | 4.92%                 | Yes           |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING                         | AVIS BUDGET RENTAL CAR FUNDING AESOP LLC AESOP 2023-4A D             | CUSIP: 05377RJS4<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |    445000 | PA      | $455850.48    | 0.11%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| N/A                                                    | HARBOUR AIRCRAFT INVESTMENTS LTD HAIL 2017-1 A                       | CUSIP: G4301UAF1<br>LEI: N/A                  | Long             | ABS-MBS          |  | US        |   5123949 | PA      | $4876344.07   | 1.12%             | 2037-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

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

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

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