# EDGAR Filing Document

**Accession Number:** 0001612930
**File Stem:** 0001193125-25-335128
**Filing Date:** 2025-12
**Character Count:** 360266
**Document Hash:** fdf0811dd9635030566ac8b6439d448a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-335128.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001193125-25-335128

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Angel Oak Funds Trust
- **CENTRAL INDEX KEY:** 0001612930

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22980
- **FILM NUMBER:** 251608330

**BUSINESS ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE, SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326
- **BUSINESS PHONE:** 404-953-4900

**MAIL ADDRESS:**
- **STREET 1:** 3344 PEACHTREE ROAD NE, SUITE 1725
- **CITY:** ATLANTA
- **STATE:** GA
- **ZIP:** 30326

## Series and Classes Contracts Data

### Angel Oak Income ETF (Series ID: S000077753)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000238279 | Angel Oak Income ETF | CARY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Angel Oak Income ETF** | **Angel Oak Income ETF** | **Angel Oak Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** | **October 31, 2025 (Unaudited)** |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - 27.4%** | **Par** | **Value**  |
| ATLX Trust | ATLX Trust | ATLX Trust |
| &nbsp;&nbsp; Series 2024-RPL1, Class A2, 4.41%, 04/25/2064 <sup>(a)(b)</sup> | 1700000 | $1664783 |
| &nbsp;&nbsp; Series 2024-RPL1, Class M1, 4.41%, 04/25/2064 <sup>(a)(b)</sup> | 5000000 | 4820035 |
| Bellemeade Re Ltd. | Bellemeade Re Ltd. | Bellemeade Re Ltd. |
| &nbsp;&nbsp; Series 2023-1, Class B1, 10.88% (30 day avg SOFR US + 6.70%), 10/25/2033 <sup>(a)</sup> | 200000 | 213536 |
| &nbsp;&nbsp; Series 2023-1, Class M1B, 8.43% (30 day avg SOFR US + 4.25%), 10/25/2033 <sup>(a)</sup> | 1000000 | 1026227 |
| &nbsp;&nbsp; Series 2024-1, Class M2, 8.78% (30 day avg SOFR US + 4.60%), 08/25/2034 <sup>(a)</sup> | 900000 | 933056 |
| BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| &nbsp;&nbsp; Series 2021-NQM2, Class A2, 1.28%, 03/25/2060 <sup>(a)(b)</sup> | 99281 | 96714 |
| &nbsp;&nbsp; Series 2024-NQM4, Class A2, 4.35%, 01/25/2060 <sup>(a)(c)</sup> | 438960 | 433761 |
| &nbsp;&nbsp; Series 2024-NQM4, Class A3, 4.35%, 01/25/2060 <sup>(a)(c)</sup> | 877920 | 869871 |
| &nbsp;&nbsp; Series 2025-HE1, Class B1, 16.99%, 09/25/2072 <sup>(a)(b)</sup> | 1000000 | 985892 |
|  Builder Capital Loan Acquisition Trust Series 2024-NPL1, Class A1B, 9.00%, 09/25/2029 <sup>(a)(c)</sup> | 2000000 | 1992000 |
| Cascade Funding Mortgage Trust | Cascade Funding Mortgage Trust | Cascade Funding Mortgage Trust |
| &nbsp;&nbsp; Series 2024-NR1, Class A1, 6.41%, 11/25/2029 <sup>(a)(c)</sup> | 896313 | 906157 |
| &nbsp;&nbsp; Series 2024-R1, Class M1, 4.00%, 10/25/2054 <sup>(a)(c)</sup> | 1000000 | 946052 |
| Chase Mortgage Finance Corp. | Chase Mortgage Finance Corp. | Chase Mortgage Finance Corp. |
| &nbsp;&nbsp; Series 2024-4, Class B4, 6.16%, 03/25/2055 <sup>(a)(b)</sup> | 2009391 | 1880573 |
| &nbsp;&nbsp; Series 2024-5, Class B4, 6.24%, 04/25/2055 <sup>(a)(b)</sup> | 1876220 | 1755459 |
|  CIM Trust Series 2022-R1, Class M3, 4.00%, 01/25/2061 <sup>(a)(b)</sup> | 1500000 | 1262694 |
|  Colony American Finance Ltd. Series 2020-4, Class D, 2.71%, 12/15/2052 <sup>(a)</sup> | 300000 | 269620 |
| COLT Funding LLC | COLT Funding LLC | COLT Funding LLC |
| &nbsp;&nbsp; Series 2021-5, Class B1, 4.23%, 11/26/2066 <sup>(a)(b)</sup> | 3500000 | 3081071 |
| &nbsp;&nbsp; Series 2021-HX1, Class B3A, 4.16%, 10/25/2066 <sup>(a)(b)</sup> | 2000000 | 1544460 |
| &nbsp;&nbsp; Series 2022-1, Class B2, 4.15%, 12/27/2066 <sup>(a)(b)</sup> | 3300000 | 2899545 |
| &nbsp;&nbsp; Series 2022-2, Class B1, 3.95%, 02/25/2067 <sup>(a)(b)</sup> | 3051299 | 2582458 |
| &nbsp;&nbsp; Series 2022-3, Class B1, 4.19%, 02/25/2067 <sup>(a)(b)</sup> | 2000000 | 1774702 |
| &nbsp;&nbsp; Series 2022-4, Class A2, 4.50%, 03/25/2067 <sup>(a)(b)</sup> | 487700 | 474009 |
| &nbsp;&nbsp; Series 2022-4, Class B1, 4.72%, 03/25/2067 <sup>(a)(b)</sup> | 5500000 | 5217822 |
| &nbsp;&nbsp; Series 2022-5, Class B1, 4.74%, 03/25/2067 <sup>(a)(b)</sup> | 1250000 | 1193905 |
| &nbsp;&nbsp; Series 2025-5, Class B1, 7.44%, 05/25/2070 <sup>(a)(b)</sup> | 500000 | 506990 |
| Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates | Credit Suisse Mortgage Capital Certificates |
| &nbsp;&nbsp; Series 2021-NQM6, Class A3, 1.59%, 07/25/2066 <sup>(a)(b)</sup> | 1677131 | 1468587 |
| &nbsp;&nbsp; Series 2022-ATH2, Class B1, 4.98%, 05/25/2067 <sup>(a)(b)</sup> | 2500000 | 2358280 |
| &nbsp;&nbsp; Series 2022-ATH2, Class B2, 4.98%, 05/25/2067 <sup>(a)(b)</sup> | 3000000 | 2643903 |
| Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust | Deephaven Residential Mortgage Trust |
| &nbsp;&nbsp; Series 2021-2, Class B1, 3.17%, 04/25/2066 <sup>(a)(b)</sup> | 400000 | 326203 |
| &nbsp;&nbsp; Series 2021-2, Class B2, 3.93%, 04/25/2066 <sup>(a)(b)</sup> | 1300000 | 1080879 |
| &nbsp;&nbsp; Series 2021-3, Class B1, 3.27%, 08/25/2066 <sup>(a)(b)</sup> | 2948000 | 2302149 |
| &nbsp;&nbsp; Series 2021-3, Class B2, 4.13%, 08/25/2066 <sup>(a)(b)</sup> | 1000000 | 813497 |
| &nbsp;&nbsp; Series 2022-1, Class B1, 4.27%, 01/25/2067 <sup>(a)(b)</sup> | 1750000 | 1493971 |
| &nbsp;&nbsp; Series 2022-1, Class B2, 4.27%, 01/25/2067 <sup>(a)(b)</sup> | 4000000 | 3084444 |
| &nbsp;&nbsp; Series 2022-3, Class A3, 5.30%, 07/25/2067 <sup>(a)(b)</sup> | 237270 | 241882 |
| &nbsp;&nbsp; Series 2022-3, Class B1, 5.27%, 07/25/2067 <sup>(a)(b)</sup> | 1243000 | 1204849 |
| Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust | Ellington Financial Mortgage Trust |
| &nbsp;&nbsp; Series 2021-1, Class B2, 4.14%, 02/25/2066 <sup>(a)(b)</sup> | 1000000 | 782243 |
| &nbsp;&nbsp; Series 2021-2, Class B1, 3.20%, 06/25/2066 <sup>(a)(b)</sup> | 2315000 | 1761523 |
| &nbsp;&nbsp; Series 2021-2, Class M1, 2.30%, 06/25/2066 <sup>(a)(b)</sup> | 700000 | 497376 |
| &nbsp;&nbsp; Series 2021-3, Class B2, 4.29%, 09/25/2066 <sup>(a)(b)</sup> | 1500000 | 1163031 |
| &nbsp;&nbsp; Series 2022-1, Class B1, 3.86%, 01/25/2067 <sup>(a)(b)</sup> | 1935000 | 1515827 |
| &nbsp;&nbsp; Series 2022-4, Class B1, 5.89%, 09/25/2067 <sup>(a)(b)</sup> | 1500000 | 1515135 |
| &nbsp;&nbsp; Series 2024-CES1, Class B2, 8.03%, 01/26/2060 <sup>(a)(b)</sup> | 1000000 | 1021184 |
| &nbsp;&nbsp; Series 2024-NQM1, Class B3, 7.55%, 11/25/2069 <sup>(a)(b)</sup> | 400000 | 382018 |
| &nbsp;&nbsp; Series 2025-NQM1, Class B2, 7.44%, 01/25/2070 <sup>(a)(b)</sup> | 1804000 | 1815270 |
| FIGRE Trust | FIGRE Trust | FIGRE Trust |
| &nbsp;&nbsp; Series 2024-HE1, Class D, 7.19%, 03/25/2054 <sup>(a)(b)</sup> | 673588 | 690973 |
| &nbsp;&nbsp; Series 2024-HE4, Class C, 5.30%, 09/25/2054 <sup>(a)(b)</sup> | 826380 | 828399 |
| &nbsp;&nbsp; Series 2025-HE5, Class D, 6.36%, 08/25/2055 <sup>(a)(b)</sup> | 1841000 | 1892520 |
| GCAT Trust | GCAT Trust | GCAT Trust |
| &nbsp;&nbsp; Series 2021-NQM2, Class A3, 1.50%, 05/25/2066 <sup>(a)(b)</sup> | 182842 | 158523 |
| &nbsp;&nbsp; Series 2022-NQM2, Class A3, 4.21%, 02/25/2067 <sup>(a)(b)</sup> | 729438 | 688428 |
| GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust | GS Mortgage-Backed Securities Trust |
| &nbsp;&nbsp; Series 2021-MM1, Class A2, 2.50%, 04/25/2052 <sup>(a)(b)</sup> | 797899 | 658644 |
| &nbsp;&nbsp; Series 2024-HE1, Class B2, 8.18% (30 day avg SOFR US + 4.00%), 08/25/2054 <sup>(a)</sup> | 1000000 | 995720 |
| &nbsp;&nbsp; Series 2024-PJ7, Class B4, 6.66%, 11/25/2054 <sup>(a)(b)</sup> | 1529000 | 1328360 |
| &nbsp;&nbsp; Series 2024-PJ8, Class B5, 6.88%, 02/25/2055 <sup>(a)(b)</sup> | 1262000 | 1158809 |
| &nbsp;&nbsp; Series 2024-PJ8, Class B6, 6.88%, 02/25/2055 <sup>(a)(b)</sup> | 1734641 | 1321921 |
| &nbsp;&nbsp; Series 2024-RPL4, Class M1, 4.00%, 09/25/2061 <sup>(a)(b)</sup> | 1500000 | 1435369 |
| &nbsp;&nbsp; Series 2025-DSC1, Class B2, 7.34%, 06/25/2065 <sup>(a)(b)</sup> | 1000000 | 991593 |
| Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust | Imperial Fund Mortgage Trust |
| &nbsp;&nbsp; Series 2021-NQM1, Class B2, 4.36%, 06/25/2056 <sup>(a)(b)</sup> | 2000000 | 1575314 |
| &nbsp;&nbsp; Series 2022-NQM1, Class B2, 4.08%, 02/25/2067 <sup>(a)(b)</sup> | 2000000 | 1473718 |
|  Invitation Homes Trust Series 2024-SFR1, Class A, 4.00%, 09/17/2041 <sup>(a)</sup> | 998290 | 985419 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2014-2, Class B2, 3.38%, 06/25/2029 <sup>(a)(b)</sup> | 21186 | 20676 |
| &nbsp;&nbsp; Series 2020-3, Class B4, 3.83%, 08/25/2050 <sup>(a)(b)</sup> | 325038 | 292661 |
| &nbsp;&nbsp; Series 2020-4, Class B2, 3.63%, 11/25/2050 <sup>(a)(b)</sup> | 1133419 | 1014366 |
| &nbsp;&nbsp; Series 2023-4, Class 2A2, 5.50%, 11/25/2053 <sup>(a)(b)</sup> | 1115473 | 1122761 |
| &nbsp;&nbsp; Series 2023-6, Class A3, 5.50%, 12/26/2053 <sup>(a)(b)</sup> | 2353897 | 2348149 |
| &nbsp;&nbsp; Series 2023-6, Class AX1, 0.27%, 12/26/2053 <sup>(a)(b)(d)</sup> | 36317272 | 86726 |
| &nbsp;&nbsp; Series 2023-6, Class B4, 6.15%, 12/26/2053 <sup>(a)(b)</sup> | 515106 | 438424 |
| &nbsp;&nbsp; Series 2023-7, Class B4, 6.20%, 02/25/2054 <sup>(a)(b)</sup> | 1035500 | 840373 |
| &nbsp;&nbsp; Series 2024-1, Class B6, 5.77%, 06/25/2054 <sup>(a)(b)</sup> | 2285608 | 1498026 |
| &nbsp;&nbsp; Series 2024-10, Class B4, 6.97%, 03/25/2055 <sup>(a)(b)</sup> | 3508651 | 3369856 |
| &nbsp;&nbsp; Series 2024-10, Class B5, 6.97%, 03/25/2055 <sup>(a)(b)</sup> | 1421000 | 1234725 |
| &nbsp;&nbsp; Series 2024-8, Class A3, 5.50%, 01/25/2055 <sup>(a)(b)</sup> | 3326603 | 3322524 |
| &nbsp;&nbsp; Series 2024-9, Class B5, 6.99%, 02/25/2055 <sup>(a)(b)</sup> | 1339000 | 1169122 |
| &nbsp;&nbsp; Series 2025-CCM1, Class A2, 5.50%, 06/25/2055 <sup>(a)(b)</sup> | 3171385 | 3169364 |
| &nbsp;&nbsp; Series 2025-CES2, Class M1, 6.24%, 06/25/2055 <sup>(a)(c)</sup> | 1500000 | 1542706 |
|  L Street Securities Series 2015-WF1, Class 1M2, 9.55% (30 day avg SOFR US + 5.36%), 11/25/2025 <sup>(a)</sup> | 26591 | 26929 |
|  Legacy Mortgage Asset Trust Series 2021-GS3, Class A1, 5.75%, 07/25/2061 <sup>(a)(c)</sup> | 904588 | 919720 |
|  Mello Mortgage Capital Acceptance Series 2022-INV2, Class A15, 3.00%, 04/25/2052 <sup>(a)(b)</sup> | 400290 | 350418 |
| MFRA Trust | MFRA Trust | MFRA Trust |
| &nbsp;&nbsp; Series 2021-INV2, Class B1, 4.39%, 11/25/2056 <sup>(a)(b)</sup> | 1329000 | 1191378 |
| &nbsp;&nbsp; Series 2021-NQM2, Class A3, 1.47%, 11/25/2064 <sup>(a)(b)</sup> | 345774 | 307149 |
|  Morgan Stanley Residential Mortgage Loan Trust Series 2023-3, Class B4, 6.55%, 09/25/2053 <sup>(a)(b)</sup> | 1198000 | 1031476 |
|  New Residential Mortgage LLC Series 2025-FHT1, Class A, 6.55%, 03/25/2032 <sup>(a)(c)</sup> | 888287 | 905226 |
| New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust | New Residential Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2017-5A, Class B4, 5.97%, 06/25/2057 <sup>(a)(b)</sup> | 234336 | 233799 |
| &nbsp;&nbsp; Series 2019-2A, Class B6, 4.72%, 12/25/2057 <sup>(a)(b)</sup> | 1437097 | 1219880 |
| NMLT Trust | NMLT Trust | NMLT Trust |
| &nbsp;&nbsp; Series 2025-CES1, Class A3, 5.37%, 08/25/2060 <sup>(a)(c)</sup> | 1505000 | 1508570 |
| &nbsp;&nbsp; Series 2025-CES1, Class B1, 6.56%, 08/25/2060 <sup>(a)(b)</sup> | 1000000 | 1006836 |
|  Oaktown Re Series 2021-2, Class M1B, 7.08% (30 day avg SOFR US + 2.90%), 04/25/2034 <sup>(a)</sup> | 1118009 | 1127982 |
|  Onslow Bay Mortgage Loan Trust Series 2021-J2, Class A1, 2.50%, 07/25/2051 <sup>(a)(b)</sup> | 1498410 | 1258745 |
|  Point Securitization Trust Series 2025-2, Class A1, 5.75%, 09/25/2055 <sup>(a)(c)</sup> | 1000000 | 997765 |
| Pretium Mortgage Credit Partners LLC | Pretium Mortgage Credit Partners LLC | Pretium Mortgage Credit Partners LLC |
| &nbsp;&nbsp; Series 2024-NPL6, Class A1, 5.93%, 10/25/2054 <sup>(a)(c)</sup> | 836881 | 838105 |
| &nbsp;&nbsp; Series 2024-NPL7, Class A1, 5.93%, 10/25/2054 <sup>(a)(c)</sup> | 904311 | 904184 |
| &nbsp;&nbsp; Series 2025-RPL1, Class A2, 4.00%, 07/25/2069 <sup>(a)(c)</sup> | 1500000 | 1438807 |
| &nbsp;&nbsp; Series 2025-RPL1, Class M2, 4.00%, 07/25/2069 <sup>(a)(c)</sup> | 1000000 | 932968 |
|  Progress Residential Trust Series 2023-SFR2, Class D, 4.50%, 10/17/2040 <sup>(a)</sup> | 200000 | 197341 |
| PRPM LLC | PRPM LLC | PRPM LLC |
| &nbsp;&nbsp; Series 2022-NQM1, Class B1, 5.40%, 08/25/2067 <sup>(a)(b)</sup> | 1500000 | 1519158 |
| &nbsp;&nbsp; Series 2024-7, Class A1, 5.87%, 11/25/2029 <sup>(a)(c)</sup> | 827049 | 827344 |
| &nbsp;&nbsp; Series 2025-2, Class A1, 6.47%, 05/25/2030 <sup>(a)(c)</sup> | 1375544 | 1378466 |
| &nbsp;&nbsp; Series 2025-RCF4, Class M1A, 4.50%, 08/25/2055 <sup>(a)(c)</sup> | 1000000 | 957548 |
| &nbsp;&nbsp; Series 2025-RCF5, Class M2, 5.50%, 10/25/2055 <sup>(a)(c)</sup> | 1850000 | 1775795 |
| &nbsp;&nbsp; Series 2025-RPL4, Class A3, 3.00%, 05/25/2055 <sup>(a)(c)</sup> | 2000000 | 1818310 |
| Radnor RE Ltd. | Radnor RE Ltd. | Radnor RE Ltd. |
| &nbsp;&nbsp; Series 2024-1, Class M1C, 7.68% (30 day avg SOFR US + 3.50%), 09/25/2034 <sup>(a)</sup> | 500000 | 506791 |
| &nbsp;&nbsp; Series 2024-1, Class M2, 8.18% (30 day avg SOFR US + 4.00%), 09/25/2034 <sup>(a)</sup> | 1000000 | 1027913 |
|  Rate Mortgage Trust Series 2021-J3, Class A25, 2.50%, 10/25/2051 <sup>(a)(b)</sup> | 500000 | 336234 |
| RCKT Mortgage Trust | RCKT Mortgage Trust | RCKT Mortgage Trust |
| &nbsp;&nbsp; Series 2022-4, Class A2, 3.50%, 06/25/2052 <sup>(a)(b)</sup> | 2412429 | 2165445 |
| &nbsp;&nbsp; Series 2025-CES3, Class B2B, 5.97%, 03/25/2055 <sup>(a)(b)</sup> | 2839000 | 2789911 |
| &nbsp;&nbsp; Series 2025-CES5, Class B2A, 8.09%, 05/25/2055 <sup>(a)(b)</sup> | 2730000 | 2810759 |
| Rithm Capital Corp. | Rithm Capital Corp. | Rithm Capital Corp. |
| &nbsp;&nbsp; Series 2015-1A, Class B6, 5.19%, 05/28/2052 <sup>(a)(b)</sup> | 852911 | 668597 |
| &nbsp;&nbsp; Series 2021-NQM3, Class B1, 3.40%, 11/27/2056 <sup>(a)(b)</sup> | 2000000 | 1684738 |
| &nbsp;&nbsp; Series 2022-SFR2, Class E2, 4.00%, 09/04/2039 <sup>(a)</sup> | 700000 | 674488 |
| Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC | Saluda Grade Mortgage Funding LLC |
| &nbsp;&nbsp; Series 2020-SEQ1, Class A1, 3.32%, 05/25/2050 <sup>(a)(b)</sup> | 121868 | 119654 |
| &nbsp;&nbsp; Series 2023-FIG3, Class A, 7.07%, 08/25/2053 <sup>(a)(b)</sup> | 651895 | 665447 |
| &nbsp;&nbsp; Series 2023-FIG4, Class A, 6.72%, 11/25/2053 <sup>(a)(b)</sup> | 1346760 | 1377524 |
| &nbsp;&nbsp; Series 2025-LOC5, Class B1, 7.74% (1 mo. Term SOFR + 3.75%), 10/25/2055 <sup>(a)</sup> | 1000000 | 1007036 |
| &nbsp;&nbsp; Series 2025-NPL1, Class A1, 7.12%, 01/25/2030 <sup>(a)(c)</sup> | 3959608 | 3968366 |
| &nbsp;&nbsp; Series 2025-NPL1, Class A2, 9.05%, 01/25/2030 <sup>(a)(c)</sup> | 500000 | 502558 |
| &nbsp;&nbsp; Series 2025-NPL2, Class A1, 7.77%, 05/25/2030 <sup>(a)(c)</sup> | 2926835 | 2945230 |
| Sequoia Mortgage Trust | Sequoia Mortgage Trust | Sequoia Mortgage Trust |
| &nbsp;&nbsp; Series 2018-2, Class A19, 3.50%, 02/25/2048 <sup>(a)(b)</sup> | 159421 | 144334 |
| &nbsp;&nbsp; Series 2023-2, Class B4, 5.02%, 03/25/2053 <sup>(a)(b)</sup> | 1395173 | 1256501 |
| &nbsp;&nbsp; Series 2023-4, Class B4, 5.99%, 11/25/2053 <sup>(a)(b)</sup> | 1441053 | 1240008 |
| &nbsp;&nbsp; Series 2024-2, Class B4, 6.18%, 03/25/2054 <sup>(a)(b)</sup> | 1426452 | 1285652 |
| SGR Residential Mortgage Trust | SGR Residential Mortgage Trust | SGR Residential Mortgage Trust |
| &nbsp;&nbsp; Series 2021-1, Class A3, 1.56%, 07/25/2061 <sup>(a)(b)</sup> | 1445212 | 1250356 |
| &nbsp;&nbsp; Series 2021-2, Class A2, 1.94%, 12/25/2061 <sup>(a)(b)</sup> | 536507 | 465333 |
| &nbsp;&nbsp; Series 2021-2, Class B2, 4.04%, 12/25/2061 <sup>(a)(b)</sup> | 910000 | 685826 |
| Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust | Starwood Mortgage Residential Trust |
| &nbsp;&nbsp; Series 2019-INV1, Class B1, 3.66%, 09/27/2049 <sup>(a)(b)</sup> | 500000 | 470595 |
| &nbsp;&nbsp; Series 2021-1, Class B1, 3.52%, 05/25/2065 <sup>(a)(b)</sup> | 600000 | 527080 |
| &nbsp;&nbsp; Series 2021-3, Class M1, 2.49%, 06/25/2056 <sup>(a)(b)</sup> | 1000000 | 794049 |
| &nbsp;&nbsp; Series 2022-3, Class A3, 4.16%, 03/25/2067 <sup>(a)(b)</sup> | 916567 | 865455 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2017-6, Class B4, 3.31%, 10/25/2057 <sup>(a)(b)</sup> | 3000000 | 2127627 |
| &nbsp;&nbsp; Series 2018-5, Class B3, 3.44%, 07/25/2058 <sup>(a)(b)</sup> | 2000000 | 1393218 |
| &nbsp;&nbsp; Series 2019-1, Class B2, 3.79%, 03/25/2058 <sup>(a)(b)</sup> | 2000000 | 1582260 |
| &nbsp;&nbsp; Series 2021-SJ2, Class A2, 2.50%, 12/25/2061 <sup>(a)(b)</sup> | 2000000 | 1874900 |
|  Tricon American Homes Trust Series 2020-SFR1, Class D, 2.55%, 07/17/2038 <sup>(a)</sup> | 200000 | 196085 |
|  VCAT Asset Securitization LLC Series 2025-NPL1, Class A1, 5.88%, 01/25/2055 <sup>(a)(c)</sup> | 392233 | 393795 |
| Verus Securitization Trust | Verus Securitization Trust | Verus Securitization Trust |
| &nbsp;&nbsp; Series 2021-1, Class M1, 1.97%, 01/25/2066 <sup>(a)(b)</sup> | 1926000 | 1434783 |
| &nbsp;&nbsp; Series 2021-3, Class B2, 3.96%, 06/25/2066 <sup>(a)(b)</sup> | 1257000 | 940800 |
| &nbsp;&nbsp; Series 2021-3, Class M1, 2.40%, 06/25/2066 <sup>(a)(b)</sup> | 1500000 | 1162570 |
| &nbsp;&nbsp; Series 2021-4, Class A3, 1.35%, 07/25/2066 <sup>(a)(b)</sup> | 576249 | 478962 |
| &nbsp;&nbsp; Series 2021-6, Class M1, 2.94%, 10/25/2066 <sup>(a)(b)</sup> | 290000 | 219282 |
| &nbsp;&nbsp; Series 2021-7, Class B1, 4.14%, 10/25/2066 <sup>(a)(b)</sup> | 400000 | 333470 |
| &nbsp;&nbsp; Series 2021-8, Class B1, 4.24%, 11/25/2066 <sup>(a)(b)</sup> | 2000000 | 1792994 |
| &nbsp;&nbsp; Series 2022-1, Class B2, 3.98%, 01/25/2067 <sup>(a)(b)</sup> | 3000000 | 2312985 |
| &nbsp;&nbsp; Series 2022-2, Class B1, 4.26%, 02/25/2067 <sup>(a)(b)</sup> | 3800000 | 3197210 |
| &nbsp;&nbsp; Series 2022-3, Class A3, 4.13%, 02/25/2067 <sup>(a)(b)</sup> | 2022158 | 1916547 |
| &nbsp;&nbsp; Series 2022-3, Class B2, 4.05%, 02/25/2067 <sup>(a)(b)</sup> | 1500000 | 1196306 |
| &nbsp;&nbsp; Series 2023-INV1, Class M1, 7.47%, 02/25/2068 <sup>(a)(b)</sup> | 126000 | 126574 |
| &nbsp;&nbsp; Series 2025-4, Class B1, 7.44%, 05/25/2070 <sup>(a)(b)</sup> | 1000000 | 1028507 |
| &nbsp;&nbsp; Series 2025-9, Class B2, 7.38%, 10/27/2070 <sup>(a)(b)</sup> | 1993000 | 1996805 |
| Vista Point Securitization Trust | Vista Point Securitization Trust | Vista Point Securitization Trust |
| &nbsp;&nbsp; Series 2024-CES1, Class B2, 10.35%, 05/25/2054 <sup>(a)(b)</sup> | 1000000 | 1045287 |
| &nbsp;&nbsp; Series 2024-CES2, Class A3, 5.91%, 10/25/2054 <sup>(a)(c)</sup> | 500000 | 501991 |
| &nbsp;&nbsp; Series 2024-CES2, Class B1, 7.50%, 10/25/2054 <sup>(a)(b)</sup> | 1000000 | 1028754 |
| &nbsp;&nbsp; Series 2024-CES3, Class B1, 7.83%, 01/25/2055 <sup>(a)(b)</sup> | 1250000 | 1277126 |
| &nbsp;&nbsp; Series 2025-CES2, Class B1, 7.06%, 08/25/2055 <sup>(a)(c)</sup> | 3000000 | 3049341 |
| &nbsp;&nbsp; Series 2025-CES2, Class B2, 8.15%, 08/25/2055 <sup>(a)(b)</sup> | 3000000 | 3100083 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $194,417,677) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $194,417,677) | 197075853 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY - 17.8%** | **Par** | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool QJ0865, 5.50%, 08/01/2054 | 975770 | 986475 |
| &nbsp;&nbsp; Pool QJ7063, 5.50%, 10/01/2054 | 2364122 | 2397444 |
| &nbsp;&nbsp; Pool QJ7675, 6.00%, 11/01/2054 | 2669269 | 2734629 |
| &nbsp;&nbsp; Pool QX0791, 5.50%, 12/01/2054 | 2104048 | 2135678 |
| &nbsp;&nbsp; Pool QX1669, 5.00%, 12/01/2054 | 983731 | 989297 |
| &nbsp;&nbsp; Pool RA4179, 2.50%, 12/01/2050 | 4657048 | 3961634 |
| &nbsp;&nbsp; Pool RA7673, 4.50%, 07/01/2052 | 810219 | 790117 |
| &nbsp;&nbsp; Pool RJ1430, 6.00%, 05/01/2054 | 860441 | 880971 |
| &nbsp;&nbsp; Pool SD2500, 5.00%, 03/01/2053 | 1288097 | 1281699 |
| &nbsp;&nbsp; Pool SD5007, 5.00%, 09/01/2053 | 960857 | 960288 |
| &nbsp;&nbsp; Pool SD6195, 5.00%, 10/01/2053 | 816078 | 816105 |
| &nbsp;&nbsp; Pool SD6585, 5.50%, 10/01/2054 | 3591331 | 3634306 |
| &nbsp;&nbsp; Pool SD8331, 5.50%, 06/01/2053 | 795006 | 805715 |
| &nbsp;&nbsp; Pool SL0079, 5.00%, 02/01/2055 | 3889641 | 3892166 |
| &nbsp;&nbsp; Pool SL0716, 5.00%, 03/01/2055 | 3839748 | 3832676 |
| &nbsp;&nbsp; Pool SL0741, 6.00%, 02/01/2055 | 4511368 | 4631984 |
| &nbsp;&nbsp; Pool SL0817, 6.00%, 04/01/2055 | 3363003 | 3491171 |
| &nbsp;&nbsp; Pool SL1634, 2.50%, 07/01/2052 | 5797327 | 4942412 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Pool 000TBA, 5.00%, 11/15/2040 | 5000000 | 4975607 |
| &nbsp;&nbsp; Pool BR0948, 2.00%, 04/01/2051 | 2984036 | 2426260 |
| &nbsp;&nbsp; Pool BW5186, 5.00%, 11/01/2052 | 817796 | 814756 |
| &nbsp;&nbsp; Pool BX0432, 6.00%, 11/01/2052 | 3036471 | 3121140 |
| &nbsp;&nbsp; Pool CA4149, 3.00%, 09/01/2049 | 8535202 | 7585276 |
| &nbsp;&nbsp; Pool CA8895, 2.50%, 02/01/2051 | 2083633 | 1772622 |
| &nbsp;&nbsp; Pool CB3000, 2.00%, 12/01/2051 | 4922876 | 3996539 |
| &nbsp;&nbsp; Pool DB3770, 5.50%, 05/01/2054 | 964498 | 975079 |
| &nbsp;&nbsp; Pool DC1302, 5.00%, 08/01/2054 | 979703 | 982644 |
| &nbsp;&nbsp; Pool DC3426, 5.00%, 09/01/2054 | 976727 | 973707 |
| &nbsp;&nbsp; Pool DC5739, 5.50%, 11/01/2054 | 1434043 | 1452016 |
| &nbsp;&nbsp; Pool FA1342, 5.00%, 03/01/2054 | 7241668 | 7237381 |
| &nbsp;&nbsp; Pool FA1386, 4.00%, 05/01/2053 | 3504311 | 3337562 |
| &nbsp;&nbsp; Pool FA2387, 4.50%, 06/01/2053 | 6323204 | 6192010 |
| &nbsp;&nbsp; Pool FP0069, 2.50%, 01/01/2052 | 3519827 | 3001867 |
| &nbsp;&nbsp; Pool FS2078, 3.50%, 06/01/2052 | 3931787 | 3639223 |
| &nbsp;&nbsp; Pool FS4653, 5.50%, 05/01/2053 | 1154214 | 1170537 |
| &nbsp;&nbsp; Pool FS5259, 4.00%, 01/01/2053 | 7285600 | 6954855 |
| &nbsp;&nbsp; Pool FS6738, 5.00%, 09/01/2053 | 2253012 | 2256960 |
| &nbsp;&nbsp; Pool FS7280, 5.00%, 03/01/2053 | 856684 | 854570 |
| &nbsp;&nbsp; Pool FS8870, 5.00%, 09/01/2053 | 2646396 | 2644830 |
| &nbsp;&nbsp; Pool FS9192, 3.00%, 07/01/2052 | 3720840 | 3298588 |
| &nbsp;&nbsp; Pool FS9409, 5.50%, 10/01/2054 | 5504449 | 5582034 |
| &nbsp;&nbsp; Pool MA4511, 2.00%, 01/01/2052 | 1552209 | 1267891 |
| &nbsp;&nbsp; Pool MB0302, 5.50%, 02/01/2055 | 1865711 | 1885012 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; Pool MA8490, 5.00%, 12/20/2052 | 771914 | 769255 |
| &nbsp;&nbsp; Pool MA8570, 5.50%, 01/20/2053 | 4626138 | 4662790 |
| &nbsp;&nbsp; Pool MA9018, 6.00%, 07/20/2053 | 624142 | 634889 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $126,129,816) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $126,129,816) | 127630667 |
| **ASSET-BACKED SECURITIES - 15.9%** | **Par** | **Value**  |
| **Automobile - 10.2%** | **Automobile - 10.2%** | **Automobile - 10.2%** |
| AgoraCapital Auto Securities Trust | AgoraCapital Auto Securities Trust | AgoraCapital Auto Securities Trust |
| &nbsp;&nbsp; Series 2025-1A, Class B, 7.27%, 11/25/2032 <sup>(a)</sup> | 1000000 | 1007550 |
| &nbsp;&nbsp; Series 2025-1A, Class C, 10.17%, 11/25/2032 <sup>(a)</sup> | 500000 | 512178 |
|  Arivo Acceptance Auto Loan Receivables Trust, Series 2025-1A, Class D, 5.82%, 01/15/2032 <sup>(a)</sup> | 500000 | 497384 |
| Avis Budget Car Rental LLC | Avis Budget Car Rental LLC | Avis Budget Car Rental LLC |
| &nbsp;&nbsp; Series 2021-2A, Class D, 4.08%, 02/20/2028 <sup>(a)</sup> | 2000000 | 1957392 |
| &nbsp;&nbsp; Series 2023-2A, Class D, 7.26%, 10/20/2027 <sup>(a)</sup> | 1500000 | 1515127 |
| &nbsp;&nbsp; Series 2023-4A, Class D, 7.31%, 06/20/2029 <sup>(a)</sup> | 2250000 | 2308035 |
| &nbsp;&nbsp; Series 2023-7A, Class D, 7.31%, 08/21/2028 <sup>(a)</sup> | 1000000 | 1013682 |
|  Bridgecrest Lending Auto Securitization Trust, Series 2023-1, Class E, 10.37%, 07/15/2030 <sup>(a)</sup> | 3050000 | 3266843 |
|  CarNow Auto Receivables Trust, Series 2022-1A, Class D, 5.79%, 09/15/2027 <sup>(a)</sup> | 659246 | 636151 |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust | Carvana Auto Receivables Trust |
| &nbsp;&nbsp; Series 2021-N4, Class E, 4.53%, 09/11/2028 <sup>(a)</sup> | 2846142 | 2760375 |
| &nbsp;&nbsp; Series 2023-N2, Class E, 9.94%, 04/10/2030 <sup>(a)</sup> | 1000000 | 1049932 |
| &nbsp;&nbsp; Series 2023-N3, Class E, 9.49%, 09/10/2030 <sup>(a)</sup> | 2411000 | 2531530 |
| CPS Auto Trust | CPS Auto Trust | CPS Auto Trust |
| &nbsp;&nbsp; Series 2022-C, Class E, 9.08%, 04/15/2030 <sup>(a)</sup> | 1000000 | 1041144 |
| &nbsp;&nbsp; Series 2022-D, Class E, 12.12%, 06/17/2030 <sup>(a)</sup> | 1000000 | 1094812 |
| &nbsp;&nbsp; Series 2024-A, Class E, 8.42%, 08/15/2031 <sup>(a)</sup> | 5200000 | 5390030 |
| &nbsp;&nbsp; Series 2024-B, Class E, 8.36%, 11/17/2031 <sup>(a)</sup> | 1500000 | 1556274 |
| &nbsp;&nbsp; Series 2024-C, Class E, 8.04%, 03/15/2032 <sup>(a)</sup> | 500000 | 515187 |
| &nbsp;&nbsp; Series 2025-B, Class E, 7.95%, 03/15/2033 <sup>(a)</sup> | 1750000 | 1795312 |
| &nbsp;&nbsp; Series 2025-C, Class E, 6.59%, 02/15/2033 <sup>(a)</sup> | 1000000 | 977091 |
| &nbsp;&nbsp; Series 2025-D, Class E, 7.69%, 05/16/2033 <sup>(a)</sup> | 500000 | 506941 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2022-1A, Class E, 5.02%, 10/15/2029 <sup>(a)</sup> | 3000000 | 2934712 |
| &nbsp;&nbsp; Series 2022-5A, Class E, 10.45%, 04/15/2030 <sup>(a)</sup> | 1000000 | 1055338 |
| &nbsp;&nbsp; Series 2022-6A, Class E, 11.61%, 06/17/2030 <sup>(a)</sup> | 2000000 | 2156385 |
| &nbsp;&nbsp; Series 2023-2A, Class E, 9.75%, 11/15/2030 <sup>(a)</sup> | 1000000 | 1068751 |
| &nbsp;&nbsp; Series 2024-1A, Class E, 7.89%, 08/15/2031 <sup>(a)</sup> | 1000000 | 1038393 |
| &nbsp;&nbsp; Series 2024-2A, Class E, 7.98%, 10/15/2031 <sup>(a)</sup> | 1354000 | 1414610 |
| &nbsp;&nbsp; Series 2024-3A, Class E, 7.84%, 10/15/2031 <sup>(a)</sup> | 2505000 | 2605597 |
| &nbsp;&nbsp; Series 2024-5A, Class E, 7.22%, 05/17/2032 <sup>(a)</sup> | 2414000 | 2474289 |
|  FHF Trust, Series 2024-3A, Class D, 6.01%, 12/15/2031 <sup>(a)</sup> | 1000000 | 939819 |
|  FinBe USA Trust, Series 2025-1A, Class B, 6.60%, 12/16/2030 <sup>(a)</sup> | 1000000 | 999271 |
|  Flagship Credit Auto Trust, Series 2024-1, Class E, 8.60%, 05/15/2031 <sup>(a)</sup> | 585000 | 543104 |
| GLS Auto Receivables Trust | GLS Auto Receivables Trust | GLS Auto Receivables Trust |
| &nbsp;&nbsp; Series 2023-1A, Class E, 11.42%, 03/15/2030 <sup>(a)</sup> | 1000000 | 1089775 |
| &nbsp;&nbsp; Series 2023-3A, Class E, 9.27%, 08/15/2030 <sup>(a)</sup> | 1500000 | 1606575 |
| &nbsp;&nbsp; Series 2023-4A, Class E, 9.72%, 08/15/2030 <sup>(a)</sup> | 1000000 | 1086726 |
| &nbsp;&nbsp; Series 2024-3A, Class E, 7.25%, 06/16/2031 <sup>(a)</sup> | 1000000 | 1021078 |
| &nbsp;&nbsp; Series 2024-4A, Class E, 7.51%, 08/15/2031 <sup>(a)</sup> | 1826000 | 1881181 |
| &nbsp;&nbsp; Series 2025-3A, Class E, 6.52%, 08/16/2032 <sup>(a)</sup> | 1000000 | 985299 |
|  Hertz Corp., Series 2022-2A, Class D, 5.16%, 06/26/2028 <sup>(a)</sup> | 1000000 | 977481 |
|  Huntington Bank Auto Credit-Linked Notes, Series 2024-1, Class D, 9.43% (30 day avg SOFR US + 5.25%), 05/20/2032 <sup>(a)</sup> | 242227 | 247426 |
|  JPMorgan Chase Bank NA, Series 2021-2, Class G, 8.48%, 12/26/2028 <sup>(a)</sup> | 215949 | 216109 |
|  Kinetic Advantage Master Owner Trust Series 2024-1A, Class A, 6.88% (30 day avg SOFR US + 2.65%), 11/15/2027 <sup>(a)</sup> | 500000 | 500248 |
|  Lobel Automobile Receivables Trust, Series 2023-2, Class D, 11.00%, 09/16/2030 <sup>(a)</sup> | 1000000 | 1059077 |
|  Luxury Lease Partners Auto Lease Trust, Series 2024-4, Class A, 7.29%, 07/15/2030 <sup>(a)</sup> | 281681 | 281737 |
| Prestige Auto Receivables Trust | Prestige Auto Receivables Trust | Prestige Auto Receivables Trust |
| &nbsp;&nbsp; Series 2022-1A, Class D, 8.08%, 08/15/2028 <sup>(a)</sup> | 25000 | 25058 |
| &nbsp;&nbsp; Series 2024-1A, Class E, 7.94%, 04/15/2031 <sup>(a)</sup> | 1975000 | 1993232 |
| &nbsp;&nbsp; Series 2024-2A, Class E, 6.75%, 11/17/2031 <sup>(a)</sup> | 750000 | 734557 |
|  Research-Driven Pagaya Motor Asset Trust, Series 2025-5A, Class C, 5.47%, 06/26/2034 <sup>(a)</sup> | 3000000 | 2992396 |
|  SAFCO Auto Receivables Trust, Series 2025-1A, Class D, 6.60%, 12/10/2030 <sup>(a)</sup> | 1000000 | 988237 |
|  Santander Holdings USA, Inc., Series 2024-A, Class F, 10.17%, 06/15/2032 <sup>(a)</sup> | 213517 | 217285 |
|  SBNA Auto Receivables Trust, Series 2024-A, Class E, 8.00%, 04/15/2032 <sup>(a)</sup> | 1500000 | 1553455 |
|  Securitized Term Auto Receivables Trust, Series 2025-A, Class D, 6.75%, 07/25/2031 <sup>(a)</sup> | 680008 | 691841 |
|  Skopos Auto Receivable Trust, Series 2019-1A, Class E, 7.82%, 06/15/2026 <sup>(a)</sup> | 74424 | 74445 |
|  Strike Acceptance Auto Funding Trust, Series 2023-1A, Class A, 8.00%, 05/15/2026 <sup>(a)</sup> | 189148 | 189900 |
|  United Auto Credit Securitization Trust, Series 2022-1, Class E, 5.00%, 11/10/2028 <sup>(a)</sup> | 529494 | 527452 |
|  Upgrade Auto Receivables Trust, Series 2025-1A, Class C, 5.55%, 04/15/2032 <sup>(a)</sup> | 800000 | 792207 |
| Veros Automobile Receivables Trust | Veros Automobile Receivables Trust | Veros Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2024-1, Class C, 7.57%, 12/15/2028 <sup>(a)</sup> | 680000 | 696469 |
| &nbsp;&nbsp; Series 2024-1, Class D, 9.87%, 05/15/2031 <sup>(a)</sup> | 500000 | 518799 |
| &nbsp;&nbsp; Series 2025-1, Class C, 6.17%, 12/17/2029 <sup>(a)</sup> | 530000 | 537160 |
| &nbsp;&nbsp; Series 2025-1, Class D, 8.79%, 05/17/2032 <sup>(a)</sup> | 530000 | 544103 |
|  |  | 73192547 |
| **Consumer - 4.9%** | **Consumer - 4.9%** | **Consumer - 4.9%** |
| Affirm, Inc. | Affirm, Inc. | Affirm, Inc. |
| &nbsp;&nbsp; Series 2024-A, Class 1E, 9.17%, 02/15/2029 <sup>(a)</sup> | 1000000 | 1006137 |
| &nbsp;&nbsp; Series 2024-A, Class D, 6.89%, 02/15/2029 <sup>(a)</sup> | 200000 | 200907 |
| &nbsp;&nbsp; Series 2024-A, Class E, 9.17%, 02/15/2029 <sup>(a)</sup> | 200000 | 201227 |
| &nbsp;&nbsp; Series 2024-B, Class E, 7.35%, 09/15/2029 <sup>(a)</sup> | 1000000 | 1005636 |
| Aqua Finance Trust | Aqua Finance Trust | Aqua Finance Trust |
| &nbsp;&nbsp; Series 2019-A, Class D, 6.07%, 07/16/2040 <sup>(a)</sup> | 882394 | 876034 |
| &nbsp;&nbsp; Series 2021-A, Class C, 3.14%, 07/17/2046 <sup>(a)</sup> | 180000 | 166492 |
|  Bankers Healthcare Group, Inc. Series 2022-C, Class E, 9.73%, 10/17/2035 <sup>(a)</sup> | 500000 | 539132 |
| Foundation Finance Trust | Foundation Finance Trust | Foundation Finance Trust |
| &nbsp;&nbsp; Series 2021-1A, Class D, 4.96%, 05/15/2041 <sup>(a)</sup> | 66832 | 65286 |
| &nbsp;&nbsp; Series 2025-2A, Class E, 8.35%, 04/15/2052 <sup>(a)</sup> | 350000 | 352137 |
| GreenSky LLC | GreenSky LLC | GreenSky LLC |
| &nbsp;&nbsp; Series 2024-1, Class E, 9.00%, 06/25/2059 <sup>(a)</sup> | 445621 | 462171 |
| &nbsp;&nbsp; Series 2025-2A, Class E, 7.79%, 06/25/2060 <sup>(a)</sup> | 1000000 | 1014339 |
|  Lendingpoint Asset Securitization Trust Series 2021-B, Class C, 3.21%, 02/15/2029 <sup>(a)</sup> | 74338 | 73557 |
| Marlette Funding Trust | Marlette Funding Trust | Marlette Funding Trust |
| &nbsp;&nbsp; Series 2022-3A, Class D, 7.80%, 11/15/2032 <sup>(a)</sup> | 2636000 | 2671836 |
| &nbsp;&nbsp; Series 2023-1A, Class D, 8.15%, 04/15/2033 <sup>(a)</sup> | 3000550 | 3056422 |
| &nbsp;&nbsp; Series 2023-2A, Class D, 7.92%, 06/15/2033 <sup>(a)</sup> | 2500000 | 2548115 |
| Momnt Technologies Trust | Momnt Technologies Trust | Momnt Technologies Trust |
| &nbsp;&nbsp; Series 2023-1A, Class B, 8.29%, 03/20/2045 <sup>(a)</sup> | 100000 | 103076 |
| &nbsp;&nbsp; Series 2023-1A, Class C, 11.24%, 03/20/2045 <sup>(a)</sup> | 100000 | 90965 |
| Oportun Financial Corp. | Oportun Financial Corp. | Oportun Financial Corp. |
| &nbsp;&nbsp; Series 2021-B, Class D, 5.41%, 05/08/2031 <sup>(a)</sup> | 508719 | 504436 |
| &nbsp;&nbsp; Series 2025-D, Class D, 6.97%, 02/08/2033 <sup>(a)</sup> | 500000 | 497035 |
| &nbsp;&nbsp; Series 2025-D, Class E, 10.82%, 02/08/2033 <sup>(a)</sup> | 300000 | 298132 |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust |
| &nbsp;&nbsp; Series 2021-1, Class C, 4.09%, 11/15/2027 <sup>(a)</sup> | 4370 | 4334 |
| &nbsp;&nbsp; Series 2021-5, Class C, 3.93%, 08/15/2029 <sup>(a)</sup> | 80901 | 79874 |
| &nbsp;&nbsp; Series 2022-2, Class C, 7.50%, 01/15/2030 <sup>(a)</sup> | 320728 | 321059 |
| &nbsp;&nbsp; Series 2023-8, Class C, 9.54%, 06/16/2031 <sup>(a)</sup> | 435001 | 443623 |
| &nbsp;&nbsp; Series 2024-7, Class D, 10.90%, 12/15/2031 <sup>(a)</sup> | 322264 | 333328 |
| &nbsp;&nbsp; Series 2025-3, Class E, 12.63%, 12/15/2032 <sup>(a)</sup> | 749848 | 767672 |
| &nbsp;&nbsp; Series 2025-4, Class D, 6.57%, 01/17/2033 <sup>(a)</sup> | 2000000 | 2015898 |
| &nbsp;&nbsp; Series 2025-5, Class E, 9.70%, 03/15/2033 <sup>(a)</sup> | 1287500 | 1302680 |
| &nbsp;&nbsp; Series 2025-6, Class E, 8.48%, 04/15/2033 <sup>(a)</sup> | 2000000 | 1990952 |
| &nbsp;&nbsp; Series 2025-7, Class E, 8.89%, 05/15/2033 <sup>(a)</sup> | 500000 | 499465 |
| &nbsp;&nbsp; Series 2025-R1, Class E, 12.11%, 06/15/2032 <sup>(a)</sup> | 715308 | 718088 |
|  Pagaya Technologies Ltd. Series 2025-1, Class E, 11.28%, 01/20/2034 <sup>(a)</sup> | 750000 | 773854 |
|  Powerpay Securitization Funding LLC Series 2024-1A, Class B, 8.46%, 02/18/2039 <sup>(a)</sup> | 300000 | 311536 |
|  Prosper Marketplace Issuance Trust Series 2024-1A, Class D, 10.98%, 08/15/2029 <sup>(a)</sup> | 500000 | 515883 |
| Purchasing Power Funding | Purchasing Power Funding | Purchasing Power Funding |
| &nbsp;&nbsp; Series 2024-A, Class D, 7.26%, 08/15/2028 <sup>(a)</sup> | 200000 | 201110 |
| &nbsp;&nbsp; Series 2024-A, Class E, 10.18%, 08/15/2028 <sup>(a)</sup> | 200000 | 202616 |
|  RCKT Mortgage Trust Series 2025-2A, Class E, 7.83%, 11/27/2034 <sup>(a)</sup> | 1000000 | 997648 |
| Reach Financial LLC | Reach Financial LLC | Reach Financial LLC |
| &nbsp;&nbsp; Series 2024-2A, Class D, 8.83%, 07/15/2031 <sup>(a)</sup> | 600000 | 635545 |
| &nbsp;&nbsp; Series 2025-2A, Class C, 5.69%, 08/18/2032 <sup>(a)</sup> | 1500000 | 1518509 |
| Republic Finance Issuance Trust | Republic Finance Issuance Trust | Republic Finance Issuance Trust |
| &nbsp;&nbsp; Series 2021-A, Class D, 5.23%, 12/22/2031 <sup>(a)</sup> | 200000 | 195882 |
| &nbsp;&nbsp; Series 2024-A, Class C, 7.28%, 08/20/2032 <sup>(a)</sup> | 400000 | 409862 |
| &nbsp;&nbsp; Series 2024-A, Class D, 9.49%, 08/20/2032 <sup>(a)</sup> | 250000 | 259542 |
|  Theorem Funding Trust Series 2022-2A, Class B, 9.27%, 12/15/2028 <sup>(a)</sup> | 250171 | 250530 |
|  Upgrade Master Pass-Thru Trust Series 2025-ST6, Class C, 5.78%, 10/15/2032 <sup>(a)</sup> | 2984000 | 2965770 |
| Upstart Securitization Trust | Upstart Securitization Trust | Upstart Securitization Trust |
| &nbsp;&nbsp; Series 2021-5, Class C, 4.15%, 11/20/2031 <sup>(a)</sup> | 323068 | 320743 |
| &nbsp;&nbsp; Series 2023-1, Class C, 11.10%, 02/20/2033 <sup>(a)</sup> | 235988 | 240974 |
| &nbsp;&nbsp; Series 2023-2, Class C, 11.87%, 06/20/2033 <sup>(a)</sup> | 1000000 | 1067346 |
|  |  | 35077395 |
| **Credit Card - 0.1%** | **Credit Card - 0.1%** | **Credit Card - 0.1%** |
|  Avant Credit Card Master Trust, Series 2024-1A, Class C, 6.23%, 04/15/2030 <sup>(a)</sup> | 500000 | 505378 |
| **Equipment - 0.7%** | **Equipment - 0.7%** | **Equipment - 0.7%** |
| Octane Receivables Trust | Octane Receivables Trust | Octane Receivables Trust |
| &nbsp;&nbsp; Series 2023-1A, Class E, 9.25%, 08/20/2030 <sup>(a)</sup> | 2000000 | 2087615 |
| &nbsp;&nbsp; Series 2024-1A, Class E, 7.82%, 08/20/2031 <sup>(a)</sup> | 900000 | 921993 |
| &nbsp;&nbsp; Series 2024-2A, Class E, 9.04%, 07/20/2032 <sup>(a)</sup> | 2000000 | 2114543 |
|  |  | 5124151 |
| **Solar - 0.0%<sup>(e)</sup>** | **Solar - 0.0%<sup>(e)</sup>** | **Solar - 0.0%<sup>(e)</sup>** |
| GoodLeap Sustainable Home Solutions Trust | GoodLeap Sustainable Home Solutions Trust | GoodLeap Sustainable Home Solutions Trust |
| &nbsp;&nbsp; Series 2022-3CS, Class A, 4.95%, 07/20/2049 <sup>(a)</sup> | 149341 | 133378 |
| &nbsp;&nbsp; Series 2023-2GS, Class B, 7.80%, 05/20/2055 <sup>(a)</sup> | 100000 | 64035 |
|  |  | 197413 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $113,234,923) | **TOTAL ASSET-BACKED SECURITIES** (Cost $113,234,923) | 114096884 |
| **CORPORATE OBLIGATIONS - 12.6%** | **Par** | **Value**  |
| **Basic Materials - 1.1%** | **Basic Materials - 1.1%** | **Basic Materials - 1.1%** |
|  Axalta Coating Systems Dutch Holding B B.V., 7.25%, 02/15/2031 <sup>(a)</sup> | 160000 | 167954 |
|  Barrick International Barbados Corp., 6.35%, 10/15/2036 <sup>(a)</sup> | 100000 | 109734 |
|  Capstone Copper Corp., 6.75%, 03/31/2033 <sup>(a)</sup> | 480000 | 497059 |
|  Century Aluminum Co., 6.88%, 08/01/2032 <sup>(a)</sup> | 320000 | 329385 |
|  Cleveland-Cliffs, Inc., 7.63%, 01/15/2034 <sup>(a)</sup> | 660000 | 686685 |
| Consolidated Energy Finance SA | Consolidated Energy Finance SA | Consolidated Energy Finance SA |
| &nbsp;&nbsp; 6.50%, 05/15/2026 <sup>(a)</sup> | 390000 | 373943 |
| &nbsp;&nbsp; 12.00%, 02/15/2031 <sup>(a)</sup> | 670000 | 477006 |
|  CVR Partners LP / CVR Nitrogen Finance Corp., 6.13%, 06/15/2028 <sup>(a)</sup> | 330000 | 329901 |
|  First Quantum Minerals Ltd., 7.25%, 02/15/2034 <sup>(a)</sup> | 1190000 | 1236762 |
|  Freeport-McMoRan, Inc., 5.40%, 11/14/2034 | 125000 | 129018 |
|  Magnera Corp., 4.75%, 11/15/2029 <sup>(a)</sup> | 560000 | 466892 |
|  Mercer International, Inc., 5.13%, 02/01/2029 | 420000 | 271988 |
|  Methanex US Operations, Inc., 6.25%, 03/15/2032 <sup>(a)</sup> | 810000 | 824585 |
|  Mosaic Co., 5.63%, 11/15/2043 | 130000 | 128144 |
|  NOVA Chemicals Corp., 8.50%, 11/15/2028 <sup>(a)</sup> | 100000 | 104959 |
|  Novelis Corp., 4.75%, 01/30/2030 <sup>(a)</sup> | 170000 | 164431 |
|  Nucor Corp., 5.10%, 06/01/2035 | 150000 | 153193 |
|  Nutrien Ltd., 2.95%, 05/13/2030 | 135000 | 127260 |
|  Olin Corp., 6.63%, 04/01/2033 <sup>(a)</sup> | 330000 | 327204 |
|  Taseko Mines Ltd., 8.25%, 05/01/2030 <sup>(a)</sup> | 630000 | 666863 |
|  |  | 7572966 |
| **Communications - 0.6%** | **Communications - 0.6%** | **Communications - 0.6%** |
|  AT&T, Inc., 4.90%, 08/15/2037 | 265000 | 258753 |
|  Cars.com, Inc., 6.38%, 11/01/2028 <sup>(a)</sup> | 300000 | 299039 |
|  Cogent Communications Group LLC / Cogent Finance, Inc., 6.50%, 07/01/2032 <sup>(a)</sup> | 590000 | 564166 |
|  Comcast Corp., 6.50%, 11/15/2035 | 155000 | 172118 |
|  Directv Financing LLC / Directv Financing Co.-Obligor, Inc., 10.00%, 02/15/2031 <sup>(a)</sup> | 820000 | 817637 |
|  Gen Digital, Inc., 6.25%, 04/01/2033 <sup>(a)</sup> | 390000 | 402458 |
|  Gray Media, Inc., 5.38%, 11/15/2031 <sup>(a)</sup> | 890000 | 618890 |
|  Lamar Media Corp., 4.88%, 01/15/2029 | 170000 | 168639 |
|  Outfront Media Capital LLC / Outfront Media Capital Corp., 4.63%, 03/15/2030 <sup>(a)</sup> | 420000 | 406076 |
|  T-Mobile USA, Inc., 5.75%, 01/15/2034 | 165000 | 174545 |
|  Univision Communications, Inc., 4.50%, 05/01/2029 <sup>(a)</sup> | 350000 | 329269 |
|  Verizon Communications, Inc., 4.27%, 01/15/2036 | 280000 | 261702 |
|  |  | 4473292 |
| **Consumer, Cyclical - 1.4%** | **Consumer, Cyclical - 1.4%** | **Consumer, Cyclical - 1.4%** |
|  Adient Global Holdings Ltd., 7.50%, 02/15/2033 <sup>(a)</sup> | 320000 | 331106 |
|  American Axle & Manufacturing, Inc., 7.75%, 10/15/2033 <sup>(a)</sup> | 750000 | 751829 |
|  BorgWarner, Inc., 5.40%, 08/15/2034 | 125000 | 128856 |
|  Caesars Entertainment, Inc., 4.63%, 10/15/2029 <sup>(a)</sup> | 860000 | 809654 |
|  Carnival Corp., 6.13%, 02/15/2033 <sup>(a)</sup> | 320000 | 330197 |
|  Champ Acquisition Corp., 8.38%, 12/01/2031 <sup>(a)</sup> | 710000 | 757976 |
|  Cinemark USA, Inc., 7.00%, 08/01/2032 <sup>(a)</sup> | 640000 | 663988 |
|  Clarios Global LP / Clarios US Finance Co., 6.75%, 09/15/2032 <sup>(a)</sup> | 810000 | 829401 |
|  FirstCash, Inc., 4.63%, 09/01/2028 <sup>(a)</sup> | 340000 | 335608 |
|  Ford Motor Credit Co. LLC, 6.13%, 03/08/2034 | 100000 | 101254 |
|  General Motors Financial Co., Inc., 6.10%, 01/07/2034 | 100000 | 105711 |
|  Goodyear Tire & Rubber Co., 6.63%, 07/15/2030 | 620000 | 616383 |
|  Lithia Motors, Inc., 3.88%, 06/01/2029 <sup>(a)</sup> | 350000 | 334529 |
|  Lowe's Companies, Inc., 5.15%, 07/01/2033 | 150000 | 154534 |
|  Meritage Homes Corp., 5.65%, 03/15/2035 | 150000 | 152312 |
|  NCL Corp. Ltd., 6.25%, 09/15/2033 <sup>(a)</sup> | 330000 | 333975 |
|  New Flyer Holdings, Inc., 9.25%, 07/01/2030 <sup>(a)</sup> | 310000 | 330330 |
|  Newell Brands, Inc., 8.50%, 06/01/2028 <sup>(a)</sup> | 390000 | 401083 |
|  O'Reilly Automotive, Inc., 4.70%, 06/15/2032 | 150000 | 150984 |
| Phinia, Inc. | Phinia, Inc. | Phinia, Inc. |
| &nbsp;&nbsp; 6.75%, 04/15/2029 <sup>(a)</sup> | 125000 | 129108 |
| &nbsp;&nbsp; 6.63%, 10/15/2032 <sup>(a)</sup> | 320000 | 329488 |
|  PulteGroup, Inc., 6.38%, 05/15/2033 | 120000 | 131203 |
|  Resideo Funding, Inc., 6.50%, 07/15/2032 <sup>(a)</sup> | 320000 | 327948 |
|  Royal Caribbean Cruises Ltd., 6.00%, 02/01/2033 <sup>(a)</sup> | 170000 | 174582 |
|  Saks Global Enterprises LLC, 11.00%, 12/15/2029 |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;11.00%, 12/15/2029 <sup>(a)</sup> | 25000 | 11000 |
|  &nbsp;&nbsp;&nbsp;&nbsp;11.00%, 12/15/2029 <sup>(a)</sup> | 12500 | 2906 |
|  Sally Holdings LLC / Sally Capital, Inc., 6.75%, 03/01/2032 | 480000 | 500084 |
|  SGUS LLC, 11.00%, 12/15/2029 <sup>(a)</sup> | 16136 | 13998 |
|  STL Holding Co. LLC, 8.75%, 02/15/2029 <sup>(a)</sup> | 310000 | 325280 |
|  Viking Cruises Ltd., 5.88%, 10/15/2033 <sup>(a)</sup> | 820000 | 834097 |
|  |  | 10399404 |
| **Consumer, Non-cyclical - 2.1%** | **Consumer, Non-cyclical - 2.1%** | **Consumer, Non-cyclical - 2.1%** |
|  Acadia Healthcare Co., Inc., 7.38%, 03/15/2033 <sup>(a)</sup> | 800000 | 828011 |
|  Agilent Technologies, Inc., 4.75%, 09/09/2034 | 175000 | 174635 |
|  Amgen, Inc., 5.25%, 03/02/2033 | 165000 | 170904 |
|  Amneal Pharmaceuticals LLC, 6.88%, 08/01/2032 <sup>(a)</sup> | 390000 | 409380 |
|  Ashtead Capital, Inc., 5.95%, 10/15/2033 <sup>(a)</sup> | 200000 | 211569 |
|  B&G Foods, Inc., 8.00%, 09/15/2028 <sup>(a)</sup> | 50000 | 47070 |
|  Baxter International, Inc., 2.54%, 02/01/2032 | 195000 | 170539 |
|  Belron UK Finance PLC, 5.75%, 10/15/2029 <sup>(a)</sup> | 200000 | 202777 |
|  Bio-Rad Laboratories, Inc., 3.70%, 03/15/2032 | 185000 | 173575 |
|  Brown-Forman Corp., 4.00%, 04/15/2038 | 145000 | 131287 |
|  Bunge Ltd. Finance Corp., 2.75%, 05/14/2031 | 200000 | 183814 |
|  Campbell's Co., 5.40%, 03/21/2034 | 165000 | 169576 |
|  Chobani Holdco LLC, 8.75% (or 9.50% PIK), 10/01/2029 <sup>(a)</sup> | 314250 | 333673 |
|  Conagra Brands, Inc., 5.30%, 11/01/2038 | 135000 | 129988 |
|  Concentra Health Services, Inc., 6.88%, 07/15/2032 <sup>(a)</sup> | 360000 | 375943 |
|  Constellation Brands, Inc., 4.90%, 05/01/2033 | 130000 | 130893 |
|  DaVita, Inc., 6.88%, 09/01/2032 <sup>(a)</sup> | 590000 | 611836 |
|  Dcli Bidco LLC, 7.75%, 11/15/2029 <sup>(a)</sup> | 320000 | 325534 |
|  EquipmentShare.com, Inc., 8.63%, 05/15/2032 <sup>(a)</sup> | 580000 | 586050 |
|  Fiesta Purchaser, Inc., 9.63%, 09/15/2032 <sup>(a)</sup> | 460000 | 496142 |
|  GE HealthCare Technologies, Inc., 5.91%, 11/22/2032 | 160000 | 172266 |
|  Global Payments, Inc., 5.40%, 08/15/2032 | 150000 | 151874 |
|  HCA, Inc., 5.45%, 09/15/2034 | 170000 | 174998 |
|  Herc Holdings, Inc., 6.63%, 06/15/2029 <sup>(a)</sup> | 500000 | 516791 |
|  Hertz Corp., 12.63%, 07/15/2029 <sup>(a)</sup> | 240000 | 237833 |
|  J.M. Smucker Co., 6.20%, 11/15/2033 | 200000 | 216994 |
|  JBS USA Food Co., 6.75%, 03/15/2034 | 155000 | 171101 |
|  Keurig Dr Pepper, Inc., 5.30%, 03/15/2034 | 200000 | 203465 |
|  Kraft Heinz Foods Co., 6.88%, 01/26/2039 | 115000 | 128300 |
|  Kroger Co., 5.00%, 09/15/2034 | 170000 | 171482 |
|  Mars, Inc., 5.20%, 03/01/2035 <sup>(a)</sup> | 200000 | 205352 |
|  Medline Borrower LP, 5.25%, 10/01/2029 <sup>(a)</sup> | 500000 | 498425 |
|  Molina Healthcare, Inc., 6.25%, 01/15/2033 <sup>(a)</sup> | 400000 | 403042 |
|  Molson Coors Beverage Co., 4.20%, 07/15/2046 | 105000 | 85901 |
|  Performance Food Group, Inc., 4.25%, 08/01/2029 <sup>(a)</sup> | 510000 | 497970 |
|  Perrigo Finance Unlimited Co., 6.13%, 09/30/2032 | 810000 | 817651 |
|  Philip Morris International, Inc., 5.25%, 02/13/2034 | 165000 | 170135 |
|  Post Holdings, Inc., 6.38%, 03/01/2033 <sup>(a)</sup> | 810000 | 822388 |
|  Raven Acquisition Holdings LLC, 6.88%, 11/15/2031 <sup>(a)</sup> | 650000 | 665847 |
|  Royalty Pharma PLC, 3.30%, 09/02/2040 | 225000 | 174332 |
|  Simmons Foods, Inc., 4.63%, 03/01/2029 <sup>(a)</sup> | 840000 | 805876 |
|  TreeHouse Foods, Inc., 4.00%, 09/01/2028 | 710000 | 694890 |
|  Tyson Foods, Inc., 4.88%, 08/15/2034 | 175000 | 174106 |
|  United Rentals North America, Inc., 6.00%, 12/15/2029 <sup>(a)</sup> | 125000 | 128392 |
|  Upbound Group, Inc., 6.38%, 02/15/2029 <sup>(a)</sup> | 330000 | 320210 |
|  US Foods, Inc., 7.25%, 01/15/2032 <sup>(a)</sup> | 160000 | 168067 |
|  VT Topco, Inc., 8.50%, 08/15/2030 <sup>(a)</sup> | 620000 | 645414 |
|  Zimmer Biomet Holdings, Inc., 2.60%, 11/24/2031 | 200000 | 180578 |
|  |  | 15466876 |
| **Diversified - 0.1%** | **Diversified - 0.1%** | **Diversified - 0.1%** |
|  Stena International SA, 7.25%, 01/15/2031 <sup>(a)</sup> | 600000 | 614349 |
| **Energy - 1.7%** | **Energy - 1.7%** | **Energy - 1.7%** |
|  Alliance Resource Operating Partners LP / Alliance Resource Finance Corp., 8.63%, 06/15/2029 <sup>(a)</sup> | 470000 | 497739 |
| Archrock Partners LP / Archrock Partners Finance Corp. | Archrock Partners LP / Archrock Partners Finance Corp. | Archrock Partners LP / Archrock Partners Finance Corp. |
| &nbsp;&nbsp; 6.88%, 04/01/2027 <sup>(a)</sup> | 36000 | 36140 |
| &nbsp;&nbsp; 6.63%, 09/01/2032 <sup>(a)</sup> | 480000 | 493767 |
|  Borr IHC Ltd. / Borr Finance LLC, 10.38%, 11/15/2030 <sup>(a)</sup> | 157621 | 157982 |
| Calumet Specialty Products Partners LP / Calumet Finance Corp. | Calumet Specialty Products Partners LP / Calumet Finance Corp. | Calumet Specialty Products Partners LP / Calumet Finance Corp. |
| &nbsp;&nbsp; 8.13%, 01/15/2027 <sup>(a)</sup> | 330000 | 329556 |
| &nbsp;&nbsp; 9.75%, 07/15/2028 <sup>(a)</sup> | 100000 | 98502 |
|  Cheniere Corpus Christi Holdings LLC, 2.74%, 12/31/2039 | 150000 | 126800 |
|  Cheniere Energy Partners LP, 5.75%, 08/15/2034 | 125000 | 130000 |
|  Comstock Resources, Inc., 5.88%, 01/15/2030 <sup>(a)</sup> | 710000 | 676317 |
|  Continental Resources, Inc., 5.75%, 01/15/2031 <sup>(a)</sup> | 125000 | 128777 |
|  Energy Transfer LP, 7.38%, 02/01/2031 <sup>(a)</sup> | 125000 | 130224 |
|  Genesis Energy LP / Genesis Energy Finance Corp., 8.00%, 05/15/2033 | 720000 | 744372 |
|  Greenfire Resources Ltd., 12.00%, 10/01/2028 <sup>(a)</sup> | 310000 | 327662 |
|  Gulfport Energy Operating Corp., 6.75%, 09/01/2029 <sup>(a)</sup> | 400000 | 408906 |
|  Helix Energy Solutions Group, Inc., 9.75%, 03/01/2029 <sup>(a)</sup> | 320000 | 338482 |
|  Hess Corp., 7.13%, 03/15/2033 | 110000 | 128171 |
|  Hilcorp Energy I LP / Hilcorp Finance Co., 5.75%, 02/01/2029 <sup>(a)</sup> | 170000 | 166934 |
|  Howard Midstream Energy Partners LLC, 6.63%, 01/15/2034 <sup>(a)</sup> | 330000 | 340331 |
|  Kinder Morgan, Inc., 5.95%, 08/01/2054 | 125000 | 126288 |
|  Kinetik Holdings LP, 5.88%, 06/15/2030 <sup>(a)</sup> | 100000 | 100823 |
|  Kodiak Gas Services LLC, 6.50%, 10/01/2033 <sup>(a)</sup> | 320000 | 328126 |
|  Moss Creek Resources Holdings, Inc., 8.25%, 09/01/2031 <sup>(a)</sup> | 200000 | 193240 |
|  MPLX LP, 5.00%, 03/01/2033 | 130000 | 130322 |
|  ONEOK, Inc., 6.05%, 09/01/2033 | 125000 | 132506 |
|  PBF Holding Co. LLC / PBF Finance Corp., 7.88%, 09/15/2030 <sup>(a)</sup> | 340000 | 341831 |
|  Plains All American Pipeline LP / PAA Finance Corp., 5.70%, 09/15/2034 | 130000 | 133771 |
|  Shelf Drilling Holdings Ltd., 9.63%, 04/15/2029 <sup>(a)</sup> | 480000 | 505079 |
|  SunCoke Energy, Inc., 4.88%, 06/30/2029 <sup>(a)</sup> | 880000 | 822328 |
|  Sunoco LP, 7.88% to 09/18/2030 then 5 yr. CMT Rate + 4.23%, Perpetual <sup>(a)</sup> | 330000 | 335367 |
|  Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 6.00%, 12/31/2030 <sup>(a)</sup> | 670000 | 665403 |
|  Targa Resources Corp., 6.50%, 03/30/2034 | 125000 | 136533 |
|  TransMontaigne Partners LLC, 8.50%, 06/15/2030 <sup>(a)</sup> | 310000 | 324782 |
|  USA Compression Partners LP / USA Compression Finance Corp., 7.13%, 03/15/2029 <sup>(a)</sup> | 480000 | 496063 |
|  Venture Global LNG, Inc., 9.00% to 09/30/2029 then 5 yr. CMT Rate + 5.44%, Perpetual <sup>(a)</sup> | 1330000 | 1244382 |
|  Western Midstream Operating LP, 6.15%, 04/01/2033 | 125000 | 131771 |
|  Wildfire Intermediate Holdings LLC, 7.50%, 10/15/2029 <sup>(a)</sup> | 380000 | 380174 |
|  Williams Cos., Inc., 5.60%, 03/15/2035 | 125000 | 129777 |
|  |  | 11919228 |
| **Financial - 3.2%** | **Financial - 3.2%** | **Financial - 3.2%** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.30%, 01/30/2032 | 190000 | 175403 |
|  Aircastle Ltd. / Aircastle Ireland DAC, 5.25%, 03/15/2030 <sup>(a)</sup> | 170000 | 173614 |
|  American Express Co., 5.28% to 07/26/2034 then SOFR + 1.42%, 07/26/2035 | 335000 | 345758 |
|  American Tower Corp., 5.55%, 07/15/2033 | 175000 | 183347 |
|  Avolon Holdings Funding Ltd., 5.75%, 11/15/2029 <sup>(a)</sup> | 165000 | 171156 |
|  Bank of America Corp., 2.48% to 09/21/2031 then 5 yr. CMT Rate + 1.20%, 09/21/2036 | 445000 | 387901 |
|  Blackstone Mortgage Trust, Inc., 7.75%, 12/01/2029 <sup>(a)</sup> | 360000 | 379668 |
|  Burford Capital Global Finance LLC, 7.50%, 07/15/2033 <sup>(a)</sup> | 600000 | 593120 |
|  Capital One Financial Corp., 6.18% to 01/30/2035 then SOFR + 2.04%, 01/30/2036 | 330000 | 344034 |
|  Credit Acceptance Corp., 6.63%, 03/15/2030 <sup>(a)</sup> | 490000 | 490684 |
|  Crown Castle, Inc., 5.10%, 05/01/2033 | 170000 | 172273 |
|  Enact Holdings, Inc., 6.25%, 05/28/2029 | 170000 | 178029 |
| Encore Capital Group, Inc. | Encore Capital Group, Inc. | Encore Capital Group, Inc. |
| &nbsp;&nbsp; 8.50%, 05/15/2030 <sup>(a)</sup> | 310000 | 326706 |
| &nbsp;&nbsp; 6.63%, 04/15/2031 <sup>(a)</sup> | 175000 | 173778 |
|  EZCORP, Inc., 7.38%, 04/01/2032 <sup>(a)</sup> | 570000 | 603486 |
|  Fifth Third Bancorp, 5.63% to 01/29/2031 then SOFR + 1.84%, 01/29/2032 | 330000 | 345525 |
|  Freedom Mortgage Holdings LLC, 7.88%, 04/01/2033 <sup>(a)</sup> | 1470000 | 1511436 |
|  GGAM Finance Ltd., 5.88%, 03/15/2030 <sup>(a)</sup> | 600000 | 608250 |
|  Global Aircraft Leasing Co. Ltd., 8.75%, 09/01/2027 <sup>(a)</sup> | 1100000 | 1133869 |
|  goeasy Ltd., 6.88%, 02/15/2031 <sup>(a)</sup> | 660000 | 645444 |
|  HAT Holdings I LLC / HAT Holdings II LLC, 3.75%, 09/15/2030 <sup>(a)</sup> | 100000 | 92263 |
|  Jane Street Group / JSG Finance, Inc., 6.75%, 05/01/2033 <sup>(a)</sup> | 790000 | 824712 |
|  Jefferies Finance LLC / JFIN Co.-Issuer Corp., 6.63%, 10/15/2031 <sup>(a)</sup> | 330000 | 325419 |
|  Jefferson Capital Holdings LLC, 8.25%, 05/15/2030 <sup>(a)</sup> | 590000 | 612196 |
|  JPMorgan Chase & Co., 6.25% to 10/23/2033 then SOFR + 1.81%, 10/23/2034 | 390000 | 429657 |
|  LPL Holdings, Inc., 4.00%, 03/15/2029 <sup>(a)</sup> | 265000 | 258946 |
|  M&T Bank Corp., 5.40%, 07/30/2030 then 5 yr. CMT Rate + 1.43%, 07/30/2035 | 340000 | 342549 |
|  Macquarie Airfinance Holdings Ltd., 6.50%, 03/26/2031 <sup>(a)</sup> | 160000 | 170832 |
|  Millrose Properties, Inc., 6.38%, 08/01/2030 <sup>(a)</sup> | 400000 | 405556 |
|  Morgan Stanley, 5.95% to 01/19/2033 then 5 yr. CMT Rate + 2.43%, 01/19/2038 | 330000 | 346251 |
|  NMI Holdings, Inc., 6.00%, 08/15/2029 | 170000 | 175491 |
|  OneMain Finance Corp., 7.13%, 11/15/2031 | 800000 | 829703 |
|  Panther Escrow Issuer LLC, 7.13%, 06/01/2031 <sup>(a)</sup> | 730000 | 755040 |
|  PennyMac Financial Services, Inc., 6.75%, 02/15/2034 <sup>(a)</sup> | 650000 | 666803 |
|  PHH Corp., 9.88%, 11/01/2029 <sup>(a)</sup> | 490000 | 492383 |
|  Phoenix Aviation Capital Ltd., 9.25%, 07/15/2030 <sup>(a)</sup> | 1080000 | 1138684 |
|  PNC Financial Services Group, Inc., 5.68% to 01/22/2034 then SOFR + 1.90%, 01/22/2035 | 365000 | 385670 |
|  PRA Group, Inc., 5.00%, 10/01/2029 <sup>(a)</sup> | 530000 | 482592 |
|  Provident Funding Associates LP / PFG Finance Corp., 9.75%, 09/15/2029 <sup>(a)</sup> | 470000 | 495692 |
|  Prudential Financial, Inc., 5.20%, 03/14/2035 | 150000 | 154144 |
|  Radian Group, Inc., 6.20%, 05/15/2029 | 200000 | 209128 |
|  RHP Hotel Properties LP / RHP Finance Corp., 6.50%, 04/01/2032 <sup>(a)</sup> | 200000 | 205927 |
| Rocket Cos., Inc. | Rocket Cos., Inc. | Rocket Cos., Inc. |
| &nbsp;&nbsp; 7.13%, 02/01/2032 <sup>(a)</sup> | 200000 | 210143 |
| &nbsp;&nbsp; 6.38%, 08/01/2033 <sup>(a)</sup> | 320000 | 333754 |
|  Starwood Property Trust, Inc., 5.75%, 01/15/2031 <sup>(a)</sup> | 410000 | 416298 |
|  Stonex Escrow Issuer LLC, 6.88%, 07/15/2032 <sup>(a)</sup> | 740000 | 766280 |
|  UBS Group AG, 5.70% to 02/08/2034 then 1 yr. CMT Rate + 1.77%, 02/08/2035 <sup>(a)</sup> | 325000 | 342896 |
|  Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC, 6.50%, 02/15/2029 <sup>(a)</sup> | 530000 | 496547 |
|  UWM Holdings LLC, 6.25%, 03/15/2031 <sup>(a)</sup> | 610000 | 609284 |
|  Walker & Dunlop, Inc., 6.63%, 04/01/2033 <sup>(a)</sup> | 400000 | 409695 |
|  Wells Fargo & Co., 5.56% to 07/25/2033 then SOFR + 1.99%, 07/25/2034 | 330000 | 346649 |
|  |  | 22674665 |
| **Industrial - 1.6%** | **Industrial - 1.6%** | **Industrial - 1.6%** |
|  Advanced Drainage Systems, Inc., 6.38%, 06/15/2030 <sup>(a)</sup> | 330000 | 336456 |
|  AmeriTex HoldCo Intermediate LLC, 7.63%, 08/15/2033 <sup>(a)(</sup> | 540000 | 565292 |
|  Amphenol Corp., 5.25%, 04/05/2034 | 125000 | 130031 |
|  Arrow Electronics, Inc., 5.88%, 04/10/2034 | 165000 | 172895 |
|  Axon Enterprise, Inc., 6.25%, 03/15/2033 <sup>(a)</sup> | 320000 | 331553 |
|  Beacon Mobility Corp., 7.25%, 08/01/2030 <sup>(a)</sup> | 470000 | 489763 |
|  Brundage-Bone Concrete Pumping Holdings, Inc., 7.50%, 02/01/2032 <sup>(a)</sup> | 300000 | 302998 |
|  Builders FirstSource, Inc., 6.75%, 05/15/2035 <sup>(a)</sup> | 780000 | 819937 |
|  Burlington Northern Santa Fe LLC, 4.13%, 06/15/2047 | 155000 | 130660 |
|  Carrier Global Corp., 3.38%, 04/05/2040 | 105000 | 85596 |
|  Clydesdale Acquisition Holdings, Inc., 6.75%, 04/15/2032 <sup>(a)</sup> | 320000 | 321348 |
|  Coherent Corp., 5.00%, 12/15/2029 <sup>(a)</sup> | 300000 | 297080 |
|  CRH America Finance, Inc., 5.40%, 05/21/2034 | 200000 | 207519 |
|  CSX Corp., 6.15%, 05/01/2037 | 120000 | 132608 |
|  FTAI Aviation Investors LLC, 5.88%, 04/15/2033 <sup>(a)</sup> | 330000 | 333195 |
|  GATX Corp., 5.50%, 06/15/2035 | 170000 | 174756 |
|  Genesee & Wyoming, Inc., 6.25%, 04/15/2032 <sup>(a)</sup> | 200000 | 204287 |
|  Great Lakes Dredge & Dock Corp., 5.25%, 06/01/2029 <sup>(a)</sup> | 690000 | 668495 |
|  Knife River Corp., 7.75%, 05/01/2031 <sup>(a)</sup> | 480000 | 503217 |
|  MasTec, Inc., 4.50%, 08/15/2028 <sup>(a)</sup> | 100000 | 99673 |
|  Northrop Grumman Corp., 5.20%, 06/01/2054 | 135000 | 129323 |
|  Owens-Brockway Glass Container, Inc., 7.25%, 05/15/2031 <sup>(a)</sup> | 650000 | 637817 |
|  Quikrete Holdings, Inc., 6.75%, 03/01/2033 <sup>(a)</sup> | 390000 | 406165 |
|  Reworld Holding Corp., 4.88%, 12/01/2029 <sup>(a)</sup> | 200000 | 188455 |
|  Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029 <sup>(a)</sup> | 170000 | 166803 |
|  RTX Corp., 6.10%, 03/15/2034 | 120000 | 131934 |
|  Sealed Air Corp., 6.50%, 07/15/2032 <sup>(a)</sup> | 270000 | 279673 |
|  Seaspan Corp., 5.50%, 08/01/2029 <sup>(a)</sup> | 350000 | 337369 |
|  Sensata Technologies, Inc., 3.75%, 02/15/2031 <sup>(a)</sup> | 360000 | 334924 |
|  Smyrna Ready Mix Concrete LLC, 8.88%, 11/15/2031 <sup>(a)</sup> | 620000 | 653346 |
|  Standard Building Solutions, Inc., 6.50%, 08/15/2032 <sup>(a)</sup> | 320000 | 329284 |
|  Stonepeak Nile Parent LLC, 7.25%, 03/15/2032 <sup>(a)</sup> | 320000 | 338634 |
|  Trinity Industries, Inc., 7.75%, 07/15/2028 <sup>(a)</sup> | 320000 | 331878 |
|  Trivium Packaging Finance BV, 12.25%, 01/15/2031 <sup>(a)</sup> | 310000 | 323741 |
|  United Parcel Service, Inc., 5.50%, 05/22/2054 | 100000 | 99329 |
|  Waste Management, Inc., 4.88%, 02/15/2034 | 125000 | 127779 |
|  XPO, Inc., 7.13%, 06/01/2031 <sup>(a)</sup> | 160000 | 167198 |
|  |  | 11291011 |
| **Technology - 0.4%** | **Technology - 0.4%** | **Technology - 0.4%** |
|  Amkor Technology, Inc., 5.88%, 10/01/2033 <sup>(a)</sup> | 400000 | 407412 |
|  CACI International, Inc., 6.38%, 06/15/2033 <sup>(a)</sup> | 220000 | 229013 |
|  CDW LLC / CDW Finance Corp., 5.55%, 08/22/2034 | 170000 | 174667 |
|  Dell International LLC / EMC Corp., 4.85%, 02/01/2035 | 175000 | 172307 |
|  Fiserv, Inc., 5.25%, 08/11/2035 | 130000 | 129665 |
|  IBM International Capital Pte Ltd., 4.90%, 02/05/2034 | 170000 | 171600 |
|  MSCI, Inc., 5.25%, 09/01/2035 | 170000 | 170698 |
|  Oracle Corp., 3.90%, 05/15/2035 | 190000 | 169839 |
|  Roper Technologies, Inc., 1.75%, 02/15/2031 | 200000 | 174625 |
|  Unisys Corp., 10.63%, 01/15/2031 <sup>(a)</sup> | 480000 | 510059 |
|  VMware LLC, 2.20%, 08/15/2031 | 195000 | 172487 |
|  Zebra Technologies Corp., 6.50%, 06/01/2032 <sup>(a)</sup> | 320000 | 331922 |
|  |  | 2814294 |
| **Utilities - 0.4%** | **Utilities - 0.4%** | **Utilities - 0.4%** |
|  Berkshire Hathaway Energy Co., 6.13%, 04/01/2036 | 160000 | 173671 |
|  Duke Energy Florida LLC, 6.40%, 06/15/2038 | 155000 | 174806 |
|  Hawaiian Electric Co., Inc., 6.00%, 10/01/2033 <sup>(a)</sup> | 410000 | 414865 |
|  NRG Energy, Inc., 6.25%, 11/01/2034 <sup>(a)</sup> | 790000 | 813954 |
|  Pike Corp., 8.63%, 01/31/2031 <sup>(a)</sup> | 380000 | 405941 |
|  Virginia Electric and Power Co., 5.15%, 03/15/2035 | 170000 | 173524 |
| Vistra Operations Co. LLC | Vistra Operations Co. LLC | Vistra Operations Co. LLC |
| &nbsp;&nbsp; 6.88%, 04/15/2032 <sup>(a)</sup> | 310000 | 325843 |
| &nbsp;&nbsp; 6.00%, 04/15/2034 <sup>(a)</sup> | 165000 | 173220 |
|  VoltaGrid LLC, 7.38%, 11/01/2030 <sup>(a)(f)</sup> | 200000 | 203535 |
|  |  | 2859359 |
| **TOTAL CORPORATE OBLIGATIONS** (Cost $89,544,877) | **TOTAL CORPORATE OBLIGATIONS** (Cost $89,544,877) | 90085444 |
| **COLLATERALIZED LOAN OBLIGATIONS - 12.2%** | **Par** | **Value**  |
|  AB BSL CLO Ltd. Series 2025-6A, Class D2, 8.48%, 07/20/2037 <sup>(a)</sup> | 2000000 | 2019356 |
| Allegro CLO Ltd. | Allegro CLO Ltd. | Allegro CLO Ltd. |
| &nbsp;&nbsp; Series 2021-1A, Class D1R, 7.03% (3 mo. Term SOFR + 3.15%), 07/20/2038 <sup>(a)</sup> | 1500000 | 1505008 |
| &nbsp;&nbsp; Series 2021-2A, Class D1R, 6.85% (3 mo. Term SOFR + 2.95%), 10/15/2038 <sup>(a)</sup> | 3000000 | 3010311 |
|  AMMC CLO Ltd. Series 2025-32A, Class D2, 8.08%, 10/17/2038 <sup>(a)</sup> | 4000000 | 4017096 |
|  Anchorage Credit Funding Ltd. Series 2016-3A, Class A2R, 6.22% (3 mo. Term SOFR + 2.36%), 01/28/2039 <sup>(a)</sup> | 1275000 | 1277027 |
|  Apidos CLO Ltd. Series 2023-46A, Class E, 11.82% (3 mo. Term SOFR + 7.95%), 10/24/2036 <sup>(a)</sup> | 1000000 | 1000000 |
|  Blackstone, Inc. Series 2018-1A, Class C, 5.89% (3 mo. Term SOFR + 2.01%), 04/17/2030 <sup>(a)</sup> | 1750000 | 1752081 |
|  Carbone CLO LLC Series 2017-1A, Class C, 6.75% (3 mo. Term SOFR + 2.86%), 01/20/2031 <sup>(a)</sup> | 2000000 | 2004382 |
|  Carlyle Global Market Strategies Series 2019-1A, Class CR2, 6.48% (3 mo. Term SOFR + 2.60%), 04/20/2031 <sup>(a)</sup> | 2400000 | 2399916 |
| Cerberus Loan Funding LP | Cerberus Loan Funding LP | Cerberus Loan Funding LP |
| &nbsp;&nbsp; Series 2023-1A, Class C, 8.30% (3 mo. Term SOFR + 4.40%), 03/22/2035 <sup>(a)</sup> | 1500000 | 1507743 |
| &nbsp;&nbsp; Series 2023-2A, Class D2, 12.40% (3 mo. Term SOFR + 8.50%), 07/15/2035 <sup>(a)</sup> | 1900000 | 1918700 |
|  CIFC Funding Ltd. Series 2024-3A, Class D1, 7.02% (3 mo. Term SOFR + 3.15%), 07/21/2037 <sup>(a)</sup> | 1000000 | 1003737 |
|  CQS US CLO Ltd. Series 2025-5A, Class D1, 0.00% (3 mo. Term SOFR + 3.15%), 01/17/2039 <sup>(a)(f)</sup> | 1000000 | 1000000 |
|  Crown Point CLO Ltd. Series 2021-10A, Class D, 7.65% (3 mo. Term SOFR + 3.76%), 07/20/2034 <sup>(a)</sup> | 2000000 | 2002906 |
| Dryden Senior Loan Fund | Dryden Senior Loan Fund | Dryden Senior Loan Fund |
| &nbsp;&nbsp; Series 2018-64A, Class D, 6.80% (3 mo. Term SOFR + 2.91%), 04/18/2031 <sup>(a)</sup> | 1500000 | 1512750 |
| &nbsp;&nbsp; Series 2023-107A, Class D1R, 7.11% (3 mo. Term SOFR + 2.90%), 08/15/2038 <sup>(a)</sup> | 3650000 | 3659921 |
| &nbsp;&nbsp; Series 2024-119A, Class D2, 9.30% (3 mo. Term SOFR + 5.40%), 04/15/2036 <sup>(a)</sup> | 2000000 | 2013526 |
|  Eldridge CLO Ltd. Series 2025-1A, Class D2, 0.00% (3 mo. Term SOFR + 4.10%), 10/20/2038 <sup>(a)(f)</sup> | 2250000 | 2235384 |
|  Fortress Credit Opportunities Series 2025-29A, Class D, 7.38% (3 mo. Term SOFR + 3.50%), 04/20/2033 <sup>(a)</sup> | 2500000 | 2489597 |
|  Gallatin CLO Ltd. Series 2024-1A, Class D1, 7.88% (3 mo. Term SOFR + 4.00%), 10/20/2037 <sup>(a)</sup> | 4000000 | 4039552 |
|  Golub Capital Partners CLO Ltd. Series 2023-69A, Class C, 8.23% (3 mo. Term SOFR + 4.00%), 11/09/2036 <sup>(a)</sup> | 3000000 | 3000000 |
|  HPS Private Credit CLO LLC Series 2024-2A, Class C, 7.46% (3 mo. Term SOFR + 3.25%), 05/15/2036 <sup>(a)</sup> | 4000000 | 4028896 |
|  ICG US CLO Ltd. Series 2023-1A, Class D1R, 7.08% (3 mo. Term SOFR + 3.20%), 07/18/2038 <sup>(a)</sup> | 4000000 | 4013284 |
|  Jackson Financial, Inc. Series 2021-5A, Class C, 6.15% (3 mo. Term SOFR + 2.26%), 10/18/2034 <sup>(a)</sup> | 2000000 | 2002036 |
|  KKR CLO Trust Series 44X, Class E, 12.10% (3 mo. Term SOFR + 8.22%), 01/20/2036 <sup>(g)</sup> | 1550000 | 1560469 |
|  Madison Park Funding Ltd. Series 2015-19A, Class ER3, 11.20% (3 mo. Term SOFR + 7.34%), 01/22/2037 <sup>(a)</sup> | 4000000 | 4032016 |
| Marble Point CLO Ltd. | Marble Point CLO Ltd. | Marble Point CLO Ltd. |
| &nbsp;&nbsp; Series 2020-1A, Class D1R, 7.53% (3 mo. Term SOFR + 3.65%), 07/20/2037 <sup>(a)</sup> | 3000000 | 3011361 |
| &nbsp;&nbsp; Series 2020-3A, Class D1R2, 7.14% (3 mo. Term SOFR + 3.00%), 10/19/2038 <sup>(a)</sup> | 2000000 | 2005538 |
|  Monroe Capital CLO Ltd. Series 2021-2A, Class C, 6.95% (3 mo. Term SOFR + 2.91%), 09/14/2033 <sup>(a)</sup> | 500000 | 500265 |
|  Octagon Investment Partners Ltd. Series 2018-1A, Class DR, 11.13% (3 mo. Term SOFR + 7.25%), 10/20/2037 <sup>(a)</sup> | 2575000 | 2607254 |
|  Pikes Peak CLO Ltd. Series 2023-14A, Class D2R, 8.53% (3 mo. Term SOFR + 4.65%), 07/20/2038 <sup>(a)</sup> | 2300000 | 2329566 |
|  Regatta Funding Ltd. Series 2025-3A, Class D2, 8.18%, 07/20/2038 <sup>(a)</sup> | 2000000 | 2027230 |
|  Sculptor CLO Ltd. Series 29A, Class D1R, 7.26% (3 mo. Term SOFR + 3.40%), 07/22/2038 <sup>(a)</sup> | 3000000 | 3016194 |
|  Sound Point CLO Ltd. Series 2023-1A, Class D1R, 7.36% (3 mo. Term SOFR + 3.50%), 07/26/2038 <sup>(a)</sup> | 5000000 | 5016710 |
|  Sycamore Tree CLO Ltd. Series 2024-5A, Class E, 11.37% (3 mo. Term SOFR + 7.49%), 04/20/2036 <sup>(a)</sup> | 4000000 | 4000000 |
|  Trinitas CLO Ltd. Series 2025-32A, Class D1, 7.37% (3 mo. Term SOFR + 3.10%), 07/23/2038 <sup>(a)</sup> | 1500000 | 1503323 |
|  Voya CLO Ltd. Series 2018-1A, Class C, 6.75% (3 mo. Term SOFR + 2.86%), 04/19/2031 <sup>(a)</sup> | 775000 | 776590 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $87,863,875) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $87,863,875) | 87799725 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY - 4.4%** | **Par** | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series K-172, Class A2, 4.58%, 08/25/2035 <sup>(b)</sup> | 11000000 | 11135564 |
| &nbsp;&nbsp; Series K-173, Class A2, 4.60%, 09/25/2035 <sup>(b)</sup> | 1000000 | 1014412 |
| &nbsp;&nbsp; Series K547, Class A2, 4.42%, 05/25/2030 <sup>(b)</sup> | 5000000 | 5034675 |
| &nbsp;&nbsp; Series K548, Class A2, 4.32%, 09/25/2030 <sup>(b)</sup> | 2000000 | 2023438 |
| &nbsp;&nbsp; Series K549, Class A2, 4.34%, 09/25/2030 <sup>(b)(f)</sup> | 2000000 | 2031038 |
| &nbsp;&nbsp; Series K761, Class A2, 4.40%, 06/25/2032 <sup>(b)</sup> | 10000000 | 10110540 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $31,324,018) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES – U.S. GOVERNMENT AGENCY** (Cost $31,324,018) | 31349667 |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES - 4.3%** | **Par** | **Value**  |
| ALA Trust | ALA Trust | ALA Trust |
| &nbsp;&nbsp; Series 2025-OANA, Class C, 6.13% (1 mo. Term SOFR + 2.09%), 06/15/2040 <sup>(a)</sup> | 300000 | 302495 |
| &nbsp;&nbsp; Series 2025-OANA, Class D, 7.12% (1 mo. Term SOFR + 3.09%), 06/15/2040 <sup>(a)</sup> | 200000 | 201626 |
|  Arbor Realty Collateralized Loan Obligation Ltd. Series 2025-BTR1, Class AS, 6.64% (1 mo. Term SOFR + 2.64%), 01/20/2041 <sup>(a)</sup> | 1000000 | 1003024 |
|  AREIT CRE Ltd. Series 2024-CRE9, Class AS, 6.27% (1 mo. Term SOFR + 2.24%), 05/17/2041 <sup>(a)</sup> | 800000 | 800936 |
|  ARES Commercial Mortgage Trust Series 2024-IND, Class D, 6.92% (1 mo. Term SOFR + 2.89%), 07/15/2041 <sup>(a)</sup> | 500000 | 503398 |
|  ARZ Trust Series 2024-BILT, Class D, 7.00%, 06/11/2039 <sup>(a)</sup> | 250000 | 258994 |
|  Banc of America Re-Remic Trust Series 2025-ASHF, Class C, 7.03% (1 mo. Term SOFR + 3.00%), 02/15/2042 <sup>(a)</sup> | 750000 | 753568 |
| BX Trust | BX Trust | BX Trust |
| &nbsp;&nbsp; Series 2024-AIRC, Class C, 6.62% (1 mo. Term SOFR + 2.59%), 08/15/2039 <sup>(a)</sup> | 280859 | 282416 |
| &nbsp;&nbsp; Series 2024-BIO, Class C, 6.67% (1 mo. Term SOFR + 2.64%), 02/15/2041 <sup>(a)</sup> | 200000 | 198995 |
| &nbsp;&nbsp; Series 2024-BIO, Class D, 7.67% (1 mo. Term SOFR + 3.64%), 02/15/2041 <sup>(a)</sup> | 200000 | 197903 |
| &nbsp;&nbsp; Series 2024-KING, Class D, 6.52% (1 mo. Term SOFR + 2.49%), 05/15/2034 <sup>(a)</sup> | 493503 | 497863 |
| &nbsp;&nbsp; Series 2024-PALM, Class D, 6.67% (1 mo. Term SOFR + 2.64%), 06/15/2037 <sup>(a)</sup> | 259615 | 259756 |
| &nbsp;&nbsp; Series 2024-VLT4, Class E, 6.92% (1 mo. Term SOFR + 2.89%), 06/15/2041 <sup>(a)</sup> | 200000 | 200754 |
| &nbsp;&nbsp; Series 2024-VLT4, Class F, 7.97% (1 mo. Term SOFR + 3.94%), 06/15/2041 <sup>(a)</sup> | 500000 | 502644 |
| &nbsp;&nbsp; Series 2025-BIO3, Class D, 6.96%, 02/10/2042 <sup>(a)(b)</sup> | 750000 | 757358 |
| &nbsp;&nbsp; Series 2025-VLT7, Class D, 7.28% (1 mo. Term SOFR + 3.25%), 07/15/2044 <sup>(a)</sup> | 800000 | 803606 |
|  Commercial Mortgage Pass Through Certificates Series 2024-WCL1, Class C, 6.92% (1 mo. Term SOFR + 2.89%), 06/15/2041 <sup>(a)</sup> | 1500000 | 1495935 |
| Computershare Corporate Trust | Computershare Corporate Trust | Computershare Corporate Trust |
| &nbsp;&nbsp; Series 2024-1CHI, Class D, 6.71%, 07/15/2035 <sup>(a)(b)</sup> | 300000 | 302008 |
| &nbsp;&nbsp; Series 2024-1CHI, Class E, 7.57%, 07/15/2035 <sup>(a)(b)</sup> | 200000 | 201264 |
|  DBSG Mortgage Trust Series 2024-ALTA, Class D, 7.06%, 06/10/2037 <sup>(a)(b)</sup> | 400000 | 405129 |
| DC Commercial Mortgage Trust | DC Commercial Mortgage Trust | DC Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2024-HLTN, Class C, 7.04%, 04/13/2040 <sup>(a)(b)</sup> | 500000 | 504400 |
| &nbsp;&nbsp; Series 2024-HLTN, Class D, 7.71%, 04/13/2040 <sup>(a)(b)</sup> | 300000 | 302914 |
| Extended Stay America Trust | Extended Stay America Trust | Extended Stay America Trust |
| &nbsp;&nbsp; Series 2025-ESH, Class D, 6.75% (1 mo. Term SOFR + 2.60%), 10/15/2042 <sup>(a)</sup> | 5000000 | 5046990 |
| &nbsp;&nbsp; Series 2025-ESH, Class E, 7.50% (1 mo. Term SOFR + 3.35%), 10/15/2042 <sup>(a)</sup> | 4000000 | 4042480 |
|  Gaea Mortgage Loan Trust Series 2025-A, Class A, 6.75%, 02/25/2030 <sup>(a)(b)</sup> | 2572525 | 2511685 |
| Hilton USA Trust | Hilton USA Trust | Hilton USA Trust |
| &nbsp;&nbsp; Series 2024-ORL, Class C, 6.47% (1 mo. Term SOFR + 2.44%), 05/15/2037 <sup>(a)</sup> | 200000 | 200626 |
| &nbsp;&nbsp; Series 2024-ORL, Class D, 7.22% (1 mo. Term SOFR + 3.19%), 05/15/2037 <sup>(a)</sup> | 200000 | 200428 |
| HTL Commercial Mortgage Trust | HTL Commercial Mortgage Trust | HTL Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2024-T53, Class D, 8.20%, 05/10/2039 <sup>(a)(b)</sup> | 300000 | 308295 |
| &nbsp;&nbsp; Series 2024-T53, Class F, 11.93%, 05/10/2039 <sup>(a)(b)</sup> | 100000 | 103629 |
|  ICNQ Mortgage Trust Series 2024-MF, Class E, 6.35%, 12/10/2034 <sup>(a)(b)</sup> | 750000 | 757519 |
|  Jackson Park Trust Series 2019-LIC, Class E, 3.24%, 10/14/2039 <sup>(a)(b)</sup> | 750000 | 658491 |
| LBA Trust | LBA Trust | LBA Trust |
| &nbsp;&nbsp; Series 2024-BOLT, Class E, 7.72% (1 mo. Term SOFR + 3.69%), 06/15/2039 <sup>(a)</sup> | 1000000 | 1003707 |
| &nbsp;&nbsp; Series 2024-BOLT, Class F, 8.47% (1 mo. Term SOFR + 4.44%), 06/15/2039 <sup>(a)</sup> | 300000 | 301380 |
|  Morgan Stanley ABS Capital I, Inc. Series 2024-BPR2, Class A, 7.29%, 05/05/2029 <sup>(a)</sup> | 295698 | 311811 |
|  Morgan Stanley Capital I, Inc. Series 2014-150E, Class A, 3.91%, 09/09/2032 <sup>(a)</sup> | 800000 | 720974 |
| NYC Commercial Mortgage Trust | NYC Commercial Mortgage Trust | NYC Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2025-28L, Class C, 5.44%, 11/05/2038 <sup>(a)(b)(f)</sup> | 1000000 | 996612 |
| &nbsp;&nbsp; Series 2025-28L, Class D, 6.21%, 11/05/2038 <sup>(a)(b)(f)</sup> | 1000000 | 996612 |
|  Stellar Management, Series 2025-IP, Class E, 6.85%, 06/10/2042 <sup>(a)(b)</sup> | 250000 | 255104 |
|  TX Trust Series 2024-HOU, Class D, 7.27% (1 mo. Term SOFR + 3.24%), 06/15/2039 <sup>(a)</sup> | 200000 | 200427 |
|  Wells Fargo Commercial Mortgage Trust Series 2025-VTT, Class E, 6.91%, 03/15/2038 <sup>(a)(b)</sup> | 1500000 | 1491784 |
|  WFLD Mortgage Trust Series 2014-MONT, Class A, 3.75%, 08/10/2031 <sup>(a)(b)</sup> | 274736 | 262303 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $30,832,945) | **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $30,832,945) | 31107843 |
| **EXCHANGE TRADED FUNDS - 1.4%** | **Shares** | **Value**  |
| iShares Broad USD High Yield Corporate Bond ETF | 266817 | 10026983 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $10,008,926) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $10,008,926) | 10026983 |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER - 0.2%** | **Par** | **Value**  |
|  Connecticut Avenue Securities Trust Series 2024-R02, Class 1B2, 7.88% (30 day avg SOFR US + 3.70%), 02/25/2044 <sup>(a)</sup> | 1000000 | 1055006 |
|  Federal Home Loan Mortgage Corp. Series 2022-HQA3, Class M1B, 7.73% (30 day avg SOFR US + 3.55%), 08/25/2042 <sup>(a)</sup> | 500000 | 523467 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $1,496,562) | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES - U.S. GOVERNMENT AGENCY CREDIT RISK TRANSFER** (Cost $1,496,562) | 1578473 |
| **COMMON STOCKS - 0.0% <sup>(e)</sup>** | **Shares** | **Value**  |
| **Energy - 0.0% <sup>(e)</sup>** | **Energy - 0.0% <sup>(e)</sup>** |  |
| Enviva Escrow <sup>(h)(i)</sup> | 150000 | 0 |
| Enviva LLC <sup>(i)</sup> | 5458 | 92786 |
| **TOTAL COMMON STOCKS** (Cost $183,056) | **TOTAL COMMON STOCKS** (Cost $183,056) | 92786 |
| **PREFERRED STOCKS - 0.0% <sup>(e)</sup>** | **Shares** | **Value**  |
| **Financial - 0.0% <sup>(e)</sup>** | **Financial - 0.0% <sup>(e)</sup>** |  |
|  Goldman Sachs Group, Inc., 5.54% to 01/28/2035 then SOFR + 1.38%, 01/28/2036 | 330000 | 343557 |
| **TOTAL PREFERRED STOCKS** (Cost $337,436) | **TOTAL PREFERRED STOCKS** (Cost $337,436) | 343557 |
| **SHORT-TERM INVESTMENTS - 4.5%** | **Shares** | **Value**  |
| **Money Market Funds – 4.5%** |  |  |
| First American Government Obligations Fund - Class U, 4.05% <sup>(j)</sup> | 32216863 | 32216863 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $32,216,863) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $32,216,863) | 32216863 |
| **TOTAL INVESTMENTS - 100.7% (**Cost $717,590,974**)** | **TOTAL INVESTMENTS - 100.7% (**Cost $717,590,974**)** | 723404745 |
| Liabilities in Excess of Other Assets - (0.7)% | Liabilities in Excess of Other Assets - (0.7)% | (5127660) |
| **TOTAL NET ASSETS - 100.0%** |  | $718277085 |

---

---

| |
|:---|
| Percentages are stated as a percent of net assets.<br> CMT - Constant Maturity Treasury |
| LP - Limited Partnership |
| PIK - Payment in Kind |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate<br> TBA – To be Announced |

---

(a) Security is exempt from registration under Rule 144A or Section 4(a)(2) of the Securities Act of 1933, as amended. The security may be resold in transactions exempt from registration, normally
 to qualified institutional buyers. These securities are determined to be liquid by the Adviser, under the procedures established by the Fund's Board of Trustees, unless otherwise denoted. As of October 31, 2025, the value of these securities
 total $500,391,646 or 69.7% of the Fund's net assets.

(b) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of October 31, 2025.

(c) Step coupon bond. The rate disclosed is as of October 31, 2025.

(d) Interest only security.

(e) Represents less than 0.05% of net assets.

(f) Security or a portion of the security purchased on a when-issued or delayed delivery basis.

(g) Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. As of October 31, 2025, the value of these securities total $1,560,469 or 0.2% of the
 Fund's net assets.

(h) As of October 31, 2025, the Fund has fair valued these securities under the procedures established by Angel Oak Capital Advisors, LLC as Valuation Designee pursuant to Rule 2a-5 under the
 Investment Company Act of 1940. The value of these securities amounted to $0 or 0.0% of net assets. Value determined using significant unobservable inputs.

(i) Non-income producing security.

(j) The rate shown represents the 7-day annualized yield as of October 31, 2025.

---

| |
|:---|
| **Angel Oak Income ETF** |
| **Schedule of Centrally Cleared Credit Default Swaps - Buy Protection <sup>(a)</sup>** |
| **October 31, 2025 (Unaudited)** |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Reference Obligation** | <br> **Implied Credit Spread at** <br> **10/31/25 <sup>(b)</sup>** | **Pay (Receive) Fixed Rate** | **Payment Frequency** | **Maturity Date** | <br> **Counterparty** | **Notional Amount <sup>(c)</sup>** | <br> **Value** | **Premium Paid (Received)** | **Unrealized Appreciation (Depreciation)** |
| Markit CDX.NA.IG <sup>(d)</sup> | <br> 0.52% | 1.000% | Quarterly | 12/20/2030 | Wells Fargo Securities, LLC | $80000000 | <br> ($1863656) | <br> ($1772308) | ($91348) |

---

(a) If the Fund is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the Fund will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index.

(b) Implied credit spreads, represented in absolute terms, utilized in determining the fair value of credit default swap agreements on U.S. municipal issues, corporate issues or sovereign issues of an emerging country as of year-end serve as an indicator of the current status of the payment/performance risk and represent the likelihood or risk of default for the credit derivative. The implied credit spread of a particular referenced entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement. A credit spread identified as "Defaulted" indicates a credit event has occurred for the referenced entity or obligation.

(c) The maximum potential amount the Fund could be required to pay as seller of credit protection or receive as a buyer of credit protection if a credit event occurs as defined under the terms of that particular swap agreement.

(d) Centrally cleared swap, clearing agent: Intercontinental Exchange.

------

#### Securities Valuation and Fair Value Measurements (Unaudited)

The Fund records its investments at fair value in accordance with fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs, if any, during the period. In addition, these standards require expanded disclosure for each major category of assets. These inputs are summarized in the three broad levels listed below:

Level 1 – quoted prices in active markets for identical securities that the Fund has the ability to access

Level 2 – other significant observable inputs (including, but not limited to, quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments based on the best information available)

The inputs or methodology used for valuing securities are not an indication of the risks associated with investing in those securities. Investments in registered open-end management investment companies, including money market funds, will be valued based upon the net asset value of such investments and are categorized as Level 1 of the fair value hierarchy.

Fair values for long-term debt securities, including asset-backed securities, mortgage-backed securities, collateralized loan obligations, corporate obligations, and whole loans are normally determined on the basis of valuations provided by independent pricing services. Vendors typically value such securities based on one or more inputs, including but not limited to, benchmark yields, transactions, bids, offers, quotations from dealers and trading systems, new issues, spreads and other relationships observed in the markets among comparable securities; and pricing models such as yield measurers calculated using factors such as cash flows, financial or collateral performance and other reference data. In addition to these inputs, cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information may be utilized. Securities that use similar valuation techniques and inputs are categorized as Level 2 of the fair value hierarchy. To the extent the significant inputs are unobservable; the values generally would be categorized as Level 3.

Equity securities, including preferred stocks, that are traded on a national securities exchange, except those listed on the Nasdaq Global Market<sup>®</sup>, Nasdaq Global Select Market<sup>®</sup> and the Nasdaq Capital Market<sup>®</sup> exchanges (collectively, "Nasdaq"), are valued at the last sale price at the close of that exchange. Securities traded on Nasdaq will be valued at the Nasdaq Official Closing Price. If, on a particular day, an exchange-listed or Nasdaq security does not trade, then: (i) the security shall be valued at the mean between the most recent quoted bid and asked prices at the close of the exchange; or (ii) the security shall be valued at the latest sales price on the Composite Market (defined below) for the day such security is being valued. "Composite Market" means a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter ("OTC") markets as published by a pricing service. In the event market quotations or Composite Market pricing are not readily available, fair value will be determined in accordance with the procedures adopted by the Board of Trustees ("Board"). All equity securities that are not traded on a listed exchange are valued at the last sale price at the close of the OTC market. If a non-exchange listed security does not trade on a particular day, then the mean between the last quoted bid and asked price will be used as long as it continues to reflect the value of the security. If the mean is not available, then bid price can be used as long as the bid price continues to reflect the value of the security. Otherwise, fair value will be determined in accordance with the procedures adopted by the Board. These securities will generally be categorized as Level 3 securities. When using the market quotations or close prices provided by the pricing service and when the market is considered active, the security will be classified as a Level 1 security. Sometimes, an equity security owned by the Fund will be valued by the pricing service with factors other than market quotations or when the market is considered inactive. When this happens, the security will be classified as a Level 2

security.

Short term debt securities having a maturity of 60 days or less are generally valued at amortized cost, which approximates fair market value. These investments are categorized as Level 2 of the fair value hierarchy. Reverse repurchase agreements and repurchase agreements are priced at their acquisition cost, and assessed for credit adjustments, which represents fair value. These securities will generally be categorized as Level 2 securities.

Financial derivative instruments, such as futures contracts, that are traded on a national securities or commodities exchange are typically valued at the settlement price determined by the relevant exchange. Swaps, such as credit default swaps, interest-rate swaps and currency swaps, are valued by a pricing service. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized as Level 1 of the fair value hierarchy. OTC financial derivative instruments, such as certain futures contracts or swap agreements, derive their values from underlying asset prices, indices, reference rates, other inputs or a combination of these factors. These instruments are normally valued on the basis of evaluations provided by independent pricing services or broker dealer quotations. Derivatives that use similar valuation techniques as described above are typically categorized as Level 2 of the fair value hierarchy.

Securities may be fair valued in accordance with the fair valuation procedures approved by the Board. The Valuation and Risk Management Oversight Committee is generally responsible for overseeing the Fund's valuation processes and reports quarterly to the Board. The Board has selected Angel Oak Capital Advisors, LLC (the "Adviser") as the Valuation Designee. As such, the Valuation Committee of the Adviser has been delegated the day-to-day responsibilities for making all necessary determinations of the fair value of portfolio securities and other assets for which market quotations are not readily available or if the prices obtained from independent pricing services are deemed to be unreliable indicators of market or fair value. Representatives of the Valuation Designee's Valuation Committee report quarterly to the Valuation and Risk Management Oversight Committee.

The following is a summary of the investments by their inputs used to value the Fund's net assets as of October 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets** | | | | |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities | $– | $197075853 | $– | $197075853 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities – U.S. Government Agency | – | 127630667 | – | 127630667 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 114096884 | – | 114096884 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Obligations | – | 90085444 | – | 90085444 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 87799725 | – | 87799725 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities – U.S. Government Agency | – | 31349667 | – | 31349667 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Mortgage-Backed Securities | – | 31107843 | – | 31107843 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 10026983 | – | – | 10026983 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Residential Mortgage-Backed Securities - U.S. Government Agency Credit Risk Transfer | – | 1578473 | – | 1578473 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | – | 92786 | 0 | 92786 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | – | 343557 | – | 343557 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investments | 32216863 | – | – | 32216863 |
| **Total** | $42243846 | $681160899 | $0 | $723404745 |
| <br> **Other Financial Instruments** |  |  |  |  |
| **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Swaps\* | $– | $(91348) | $– | $(91348) |
| \*Swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Centrally Cleared Credit Default Swaps – Buy Protection. | \*Swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Centrally Cleared Credit Default Swaps – Buy Protection. | \*Swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Centrally Cleared Credit Default Swaps – Buy Protection. | \*Swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Centrally Cleared Credit Default Swaps – Buy Protection. | \*Swaps are reflected at the unrealized appreciation (depreciation) on the instrument as presented in the Schedule of Centrally Cleared Credit Default Swaps – Buy Protection. |
| See the Schedule of Investments for further disaggregation of investment categories. Level 3 holdings as of October 31, 2025, are immaterial and no further quantitative information about Level 3 Fair Value Measurements has been included.<br>The average monthly notional value of long and short futures during the period ended October 31, 2025, was $3,719,288 and ($11481968), respectively. | See the Schedule of Investments for further disaggregation of investment categories. Level 3 holdings as of October 31, 2025, are immaterial and no further quantitative information about Level 3 Fair Value Measurements has been included.<br>The average monthly notional value of long and short futures during the period ended October 31, 2025, was $3,719,288 and ($11481968), respectively. | See the Schedule of Investments for further disaggregation of investment categories. Level 3 holdings as of October 31, 2025, are immaterial and no further quantitative information about Level 3 Fair Value Measurements has been included.<br>The average monthly notional value of long and short futures during the period ended October 31, 2025, was $3,719,288 and ($11481968), respectively. | See the Schedule of Investments for further disaggregation of investment categories. Level 3 holdings as of October 31, 2025, are immaterial and no further quantitative information about Level 3 Fair Value Measurements has been included.<br>The average monthly notional value of long and short futures during the period ended October 31, 2025, was $3,719,288 and ($11481968), respectively. | See the Schedule of Investments for further disaggregation of investment categories. Level 3 holdings as of October 31, 2025, are immaterial and no further quantitative information about Level 3 Fair Value Measurements has been included.<br>The average monthly notional value of long and short futures during the period ended October 31, 2025, was $3,719,288 and ($11481968), respectively. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Angel Oak Funds Trust

- **b. Investment Company Act file number:** 811-22980

- **c. CIK number of Registrant:** 0001612930

- **d. LEI of Registrant:** 549300DGLMLNBVBKK655

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

  - **Street Address 1:** 3344 Peachtree Road NE

  - **City:** Atlanta

  - **State:** GA

  - **Foreign country:** US

  - **Zip / Postal Code:** 30326

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

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

- **a. Name of Series:** Angel Oak Income ETF

- **b. EDGAR series identifier (if any):** S000077753

- **c. LEI of Series:** 549300KQXNQVK1DNGE47

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

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

- **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:** $736598760.50

**Total Liabilities:** $18282818.20

**Net Assets:** $718315942.30

**Delayed Delivery Securities:** $12464879.65

**Cash Not Reported:** $137550.84

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 503.292777203829 | **1-Year:** 9990.368783370359 | **5-Year:** 26537.791856197466 | **10-Year:** 93005.143781902280 | **30-Year:** 8461.877829181376

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

- **3-Month:** 370.468627351517 | **1-Year:** 20915.837271262130 | **5-Year:** 38260.656606810330 | **10-Year:** 38293.248992217860 | **30-Year:** 14517.141287083140

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238279 | 1.13%                | 0.63%                | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $77191.02                | $3537593.27                                |
| Month 2  | $796956.95               | $-460029.06                                |
| Month 3  | $411320.87               | $86829.17                                  |

**Designated Index Information**

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

- **Index Identifier:** GH5UHQ8NQ5

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AB BSL CLO                     | AB BSL CLO 6 Ltd                                                               | CUSIP: 00039LAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2019356.00   | 0.28%             | 2037-07-20      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                | AREIT 2024-CRE9 Ltd                                                            | CUSIP: 00193AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $800936.00    | 0.11%             | 2041-05-17      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                       | CUSIP: 00206RFW7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    265000 | PA      | $258752.47    | 0.04%             | 2037-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Arizona Biltmore Trust         | ARZ Trust 2024-BILT                                                            | CUSIP: 00218TAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $258993.75    | 0.04%             | 2039-06-11      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC       | Acadia Healthcare Co Inc                                                       | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    800000 | PA      | $828011.20    | 0.12%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS         | Adient Global Holdings Ltd                                                     | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |    320000 | PA      | $331105.92    | 0.05%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                      | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    190000 | PA      | $175403.37    | 0.02%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM       | Advanced Drainage Systems Inc                                                  | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |    330000 | PA      | $336456.12    | 0.05%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-A                                       | CUSIP: 00834BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200907.16    | 0.03%             | 2029-02-15      | Fixed         | 6.89%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-A                                       | CUSIP: 00834BAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201227.36    | 0.03%             | 2029-02-15      | Fixed         | 9.17%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-A                                       | CUSIP: 00834BAK3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1006136.80   | 0.14%             | 2029-02-15      | Fixed         | 9.17%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-B                                       | CUSIP: 00835AAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1005636.00   | 0.14%             | 2029-09-15      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC       | Agilent Technologies Inc                                                       | CUSIP: 00846UAR2<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174634.79    | 0.02%             | 2034-09-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AgoraCapital Auto Securities T | AgoraCapital Auto Securities Trust 2025-1                                      | CUSIP: 008483AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1007550.40   | 0.14%             | 2032-11-25      | Fixed         | 7.27%                 | No            |                  2 | On Loan: No      |
| AgoraCapital Auto Securities T | AgoraCapital Auto Securities Trust 2025-1                                      | CUSIP: 008483AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $512177.50    | 0.07%             | 2032-11-25      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC        | Aircastle Ltd / Aircastle Ireland DAC                                          | CUSIP: 00929JAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    170000 | PA      | $173614.21    | 0.02%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALA Trust                      | ALA Trust 2025-OANA                                                            | CUSIP: 009920AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $302495.40    | 0.04%             | 2040-06-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| ALA Trust                      | ALA Trust 2025-OANA                                                            | CUSIP: 009920AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $201625.80    | 0.03%             | 2040-06-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                | Allegro CLO XIII Ltd                                                           | CUSIP: 01750WAY5<br>LEI: 254900E6QZJ305P65V74 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1505008.50   | 0.21%             | 2038-07-20      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                | Allegro CLO XIV Ltd                                                            | CUSIP: 01751AAY2<br>LEI: 25490093RGALWPW3N486 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3010311.00   | 0.42%             | 2038-10-15      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE        | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp       | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $497738.93    | 0.07%             | 2029-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac      | Fannie Mae or Freddie Mac                                                      | CUSIP: 01F0506B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4975606.80   | 0.69%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HESS CORP                      | Hess Corp                                                                      | CUSIP: 023551AM6<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    110000 | PA      | $128170.58    | 0.02%             | 2033-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC        | American Axle & Manufacturing Inc                                              | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751828.81    | 0.10%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                            | CUSIP: 025816DW6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    335000 | PA      | $345757.61    | 0.05%             | 2035-07-26      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                                                            | CUSIP: 03027XCD0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    175000 | PA      | $183347.26    | 0.03%             | 2033-07-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED       | AmeriTex HoldCo Intermediate LLC                                               | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    540000 | PA      | $565291.79    | 0.08%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                      | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    165000 | PA      | $170903.87    | 0.02%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC           | Amkor Technology Inc                                                           | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407412.40    | 0.06%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp | AMMC CLO 32 Ltd                                                                | CUSIP: 03166KAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4017096.00   | 0.56%             | 2038-10-17      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L       | Amneal Pharmaceuticals LLC                                                     | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    390000 | PA      | $409379.49    | 0.06%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                  | Amphenol Corp                                                                  | CUSIP: 032095AQ4<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130030.66    | 0.02%             | 2034-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Anchorage Credit Funding Ltd.  | Anchorage Credit Funding 3 Ltd                                                 | CUSIP: 03330EAL8<br>LEI: 5493003NNQWXMTSTMF21 | Long             | ABS-CBDO         | CORP              | KY        |   1275000 | PA      | $1277027.25   | 0.18%             | 2039-01-28      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XLVI Ltd                                                            | CUSIP: 03769YAA8<br>LEI: 254900XSALC4GJ58ZP29 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000000.00   | 0.14%             | 2036-10-24      | Floating      | 11.82%                | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2019-A                                                      | CUSIP: 038370AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    882394 | PA      | $876033.54    | 0.12%             | 2040-07-16      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2021-A                                                      | CUSIP: 03842VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $166491.90    | 0.02%             | 2046-07-17      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo | Arbor Realty Collateralized Loan Obligation Ltd                                | CUSIP: 03881UAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003024.00   | 0.14%             | 2041-01-20      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN       | Archrock Partners LP / Archrock Partners Finance Corp                          | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     36000 | PA      | $36140.00     | 0.01%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN       | Archrock Partners LP / Archrock Partners Finance Corp                          | CUSIP: 03959KAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $493767.36    | 0.07%             | 2032-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust | ARES Commercial Mortgage Trust 2024-IND                                        | CUSIP: 03990DAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $503398.00    | 0.07%             | 2041-07-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Rec | Arivo Acceptance Auto Loan Receivables Trust 2025-1                            | CUSIP: 039962AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $497384.50    | 0.07%             | 2032-01-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC          | Arrow Electronics Inc                                                          | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |    165000 | PA      | $172895.40    | 0.02%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                            | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211569.37    | 0.03%             | 2033-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                     | ATLX 2024-RPL1 Trust                                                           | CUSIP: 049915AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1664782.80   | 0.23%             | 2064-04-25      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| ATLX Trust                     | ATLX 2024-RPL1 Trust                                                           | CUSIP: 049915AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4820035.00   | 0.67%             | 2064-04-25      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust | Avant Credit Card Master Trust                                                 | CUSIP: 05351KAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505377.90    | 0.07%             | 2030-04-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                                       | CUSIP: 05377REU4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1957391.60   | 0.27%             | 2028-02-20      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                                       | CUSIP: 05377RJS4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2308035.15   | 0.32%             | 2029-06-20      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                                       | CUSIP: 05377RJW5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1013682.00   | 0.14%             | 2028-08-21      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC                                       | CUSIP: 05377RKG8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1515126.75   | 0.21%             | 2027-10-20      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                                    | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    165000 | PA      | $171156.37    | 0.02%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS D       | Axalta Coating Systems Dutch Holding B BV                                      | CUSIP: 05455JAA5<br>LEI: 5493007DMEBZH3CQ5E51 | Long             | DBT              | CORP              | NL        |    160000 | PA      | $167953.76    | 0.02%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC            | Axon Enterprise Inc                                                            | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331553.53    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch  | BAMLL Trust 2025-ASHF                                                          | CUSIP: 05494CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $753567.75    | 0.10%             | 2042-02-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| B&G FOODS INC                  | B&G Foods Inc                                                                  | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47070.38     | 0.01%             | 2028-09-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-BIO                                                              | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $198994.80    | 0.03%             | 2041-02-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-BIO                                                              | CUSIP: 05612AAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $197902.80    | 0.03%             | 2041-02-15      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2024-KING                                         | CUSIP: 05612RAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    493503 | PA      | $497863.23    | 0.07%             | 2034-05-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-VLT4                                                             | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200753.80    | 0.03%             | 2041-06-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2024-VLT4                                                             | CUSIP: 05612TAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502644.00    | 0.07%             | 2041-06-15      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX 2024-PALM                                                                   | CUSIP: 05612UAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259615 | PA      | $259755.83    | 0.04%             | 2037-06-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                           | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    445000 | PA      | $387900.98    | 0.05%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| BARRICK INTL BARBADOS          | Barrick International Barbados Corp                                            | CUSIP: 06849AAB5<br>LEI: 549300Q10KSESPW7OK85 | Long             | DBT              | CORP              | BB        |    100000 | PA      | $109734.13    | 0.02%             | 2036-10-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC       | Baxter International Inc                                                       | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    195000 | PA      | $170539.17    | 0.02%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| BEACON MOBILITY CORP           | Beacon Mobility Corp                                                           | CUSIP: 073644AA4<br>LEI: 254900EBTYFG24UQEM31 | Long             | DBT              | CORP              | US        |    470000 | PA      | $489763.03    | 0.07%             | 2030-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                                       | CUSIP: 07876XAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1000000 | PA      | $1026227.00   | 0.14%             | 2033-10-25      | Floating      | 8.43%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2023-1 Ltd                                                       | CUSIP: 07876XAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    200000 | PA      | $213535.80    | 0.03%             | 2033-10-25      | Floating      | 10.88%                | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re Ltd                                                              | CUSIP: 078915AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    900000 | PA      | $933056.10    | 0.13%             | 2034-08-25      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| BELRON UK FINANCE PLC          | Belron UK Finance PLC                                                          | CUSIP: 080782AA3<br>LEI: 9845006BC9D1A77B8178 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202776.60    | 0.03%             | 2029-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Secur | BHG Securitization Trust 2022-C                                                | CUSIP: 08860DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $539131.70    | 0.08%             | 2035-10-17      | Fixed         | 9.73%                 | No            |                  2 | On Loan: No      |
| BIO-RAD LABS                   | Bio-Rad Laboratories Inc                                                       | CUSIP: 090572AQ1<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |    185000 | PA      | $173575.39    | 0.02%             | 2032-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR         | Blackstone Mortgage Trust Inc                                                  | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |    360000 | PA      | $379667.52    | 0.05%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                 | BorgWarner Inc                                                                 | CUSIP: 099724AQ9<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128856.42    | 0.02%             | 2034-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN        | Borr IHC Ltd / Borr Finance LLC                                                | CUSIP: 100018AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    157621 | PA      | $157981.68    | 0.02%             | 2030-11-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Brant Point CLO Ltd            | Brant Point CLO 2023-1 Ltd                                                     | CUSIP: 104922AJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   5000000 | PA      | $5016710.00   | 0.70%             | 2038-07-26      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM4                                      | CUSIP: 10568NAC6<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |    438960 | PA      | $433761.26    | 0.06%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM4                                      | CUSIP: 10568NAD4<br>LEI: 254900NOKQW417VKV943 | Long             | ABS-MBS          | CORP              | US        |    877920 | PA      | $869870.95    | 0.12%             | 2060-01-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-HE1                                       | CUSIP: 10568VAE4<br>LEI: 254900V4GL9A5JTVB991 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $985892.00    | 0.14%             | 2072-09-25      | Floating      | 16.99%                | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2021-NQM2                                      | CUSIP: 10569EAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99281 | PA      | $96713.86     | 0.01%             | 2060-03-25      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Secur | Bridgecrest Lending Auto Securitization Trust 2023-1                           | CUSIP: 108056AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2142192.20   | 0.30%             | 2030-07-15      | Fixed         | 10.37%                | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORP              | Brown-Forman Corp                                                              | CUSIP: 115637AT7<br>LEI: 549300873K3LXF7ARU34 | Long             | DBT              | CORP              | US        |    145000 | PA      | $131287.07    | 0.02%             | 2038-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Builders Capital Loan Acquisit | Builders Capital Loan Acquisition Trust 2024-NPL1                              | CUSIP: 12007KAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1992000.00   | 0.28%             | 2029-09-25      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC       | Builders FirstSource Inc                                                       | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    780000 | PA      | $819937.56    | 0.11%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP         | Bunge Ltd Finance Corp                                                         | CUSIP: 120568BC3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    200000 | PA      | $183813.97    | 0.03%             | 2031-05-14      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN       | Burford Capital Global Finance LLC                                             | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    600000 | PA      | $593119.86    | 0.08%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE       | Burlington Northern Santa Fe LLC                                               | CUSIP: 12189LBB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $130659.86    | 0.02%             | 2047-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX 2025-BIO3 Mortgage Trust                                                    | CUSIP: 123911AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $757358.25    | 0.11%             | 2042-02-10      | Variable      | 6.96%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2025-VLT7                                                             | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $803605.60    | 0.11%             | 2044-07-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2024-AIRC                                         | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    280859 | PA      | $282416.48    | 0.04%             | 2039-08-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                                     | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $174666.46    | 0.02%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust | CFMT 2024-R1 LLC                                                               | CUSIP: 12530YAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $946052.00    | 0.13%             | 2054-10-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust | CFMT 2024-NR1 LLC                                                              | CUSIP: 12531DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    896313 | PA      | $906156.63    | 0.13%             | 2029-11-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| CIM Trust                      | CIM TRUST 2022-R1                                                              | CUSIP: 12571YAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1262694.00   | 0.18%             | 2061-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2024-III Ltd                                                      | CUSIP: 12575WAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003737.00   | 0.14%             | 2037-07-21      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2021-5 Mortgage Loan Trust                                                | CUSIP: 12598RAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3081071.00   | 0.43%             | 2066-11-26      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-B                                              | CUSIP: 12627SAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1556274.45   | 0.22%             | 2031-11-17      | Fixed         | 8.36%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | Consumer Portfolio Services Auto Trust 2025-B                                  | CUSIP: 12630SAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1795312.05   | 0.25%             | 2033-03-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2025-C                                              | CUSIP: 12634SAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $977091.50    | 0.14%             | 2033-02-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC        | CRH America Finance Inc                                                        | CUSIP: 12636YAE2<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207518.62    | 0.03%             | 2034-05-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CSX CORP                       | CSX Corp                                                                       | CUSIP: 126408GK3<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    120000 | PA      | $132607.78    | 0.02%             | 2037-05-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-3 Mortgage Loan Trust                                                | CUSIP: 12659YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1774702.00   | 0.25%             | 2067-02-25      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | Csmc 2021-Nqm6 Trust                                                           | CUSIP: 12662KAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1677131 | PA      | $1468586.78   | 0.20%             | 2066-07-25      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| CVR PARTNERS/CVR NITROGE       | CVR Partners LP / CVR Nitrogen Finance Corp                                    | CUSIP: 12663QAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $329900.84    | 0.05%             | 2028-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2022-D                                              | CUSIP: 12663UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1094812.00   | 0.15%             | 2030-06-17      | Fixed         | 12.12%                | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2022-C                                              | CUSIP: 12664DAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1041144.10   | 0.14%             | 2030-04-15      | Fixed         | 9.08%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH2                                                                 | CUSIP: 12665WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2358280.00   | 0.33%             | 2067-05-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2022-ATH2                                                                 | CUSIP: 12665WAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2643903.00   | 0.37%             | 2067-05-25      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| CQS US CLO Ltd                 | CQS US CLO 5 Ltd                                                               | CUSIP: 12676EAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.14%             | 2039-01-17      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC         | CACI International Inc                                                         | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    220000 | PA      | $229013.40    | 0.03%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC          | Caesars Entertainment Inc                                                      | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    860000 | PA      | $809653.62    | 0.11%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD         | Calumet Specialty Products Partners LP / Calumet Finance Corp                  | CUSIP: 131477AV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $329555.59    | 0.05%             | 2027-01-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CALUMET SPECIALTY PROD         | Calumet Specialty Products Partners LP / Calumet Finance Corp                  | CUSIP: 131477AW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98501.50     | 0.01%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE          | Campbell's Company/The                                                         | CUSIP: 134429BP3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    165000 | PA      | $169575.74    | 0.02%             | 2034-03-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                     | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    330000 | PA      | $344034.12    | 0.05%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP           | Capstone Copper Corp                                                           | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    480000 | PA      | $497059.20    | 0.07%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Carbone CLO, LTD               | Carbone Clo Ltd                                                                | CUSIP: 141312AG3<br>LEI: 5493005I53NEC017LN87 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2004382.00   | 0.28%             | 2031-01-20      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CARLYLE US CLO 2019-1 LTD                                                      | CUSIP: 14316BBQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2399916.00   | 0.33%             | 2031-04-20      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                  | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    320000 | PA      | $330196.75    | 0.05%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CarNow Auto Receivables Trust  | CarNow Auto Receivables Trust 2022-1                                           | CUSIP: 14367LAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    659246 | PA      | $636150.62    | 0.09%             | 2027-09-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP            | Carrier Global Corp                                                            | CUSIP: 14448CAR5<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    105000 | PA      | $85596.36     | 0.01%             | 2040-04-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CARS.COM INC                   | Cars.com Inc                                                                   | CUSIP: 14575EAA3<br>LEI: 5493002G6J07LNGX4M98 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299038.95    | 0.04%             | 2028-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2023-N2                                         | CUSIP: 14686LAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1049932.00   | 0.15%             | 2030-04-10      | Fixed         | 9.94%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2023-N3                                         | CUSIP: 14686RAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2411000 | PA      | $2531530.23   | 0.35%             | 2030-09-10      | Fixed         | 9.49%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N4                                         | CUSIP: 14687HAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2846142 | PA      | $2760374.79   | 0.38%             | 2028-09-11      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY       | Century Aluminum Co                                                            | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    320000 | PA      | $329384.64    | 0.05%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XLI LLC                                                  | CUSIP: 15674VAG9<br>LEI: 635400YAOHPN8ZVJAS71 | Long             | ABS-CBDO         | CORP              | US        |   1900000 | PA      | $1918699.80   | 0.27%             | 2035-07-15      | Floating      | 12.40%                | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XL LLC                                                   | CUSIP: 15675AAE9<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1507743.00   | 0.21%             | 2035-03-22      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP         | Champ Acquisition Corp                                                         | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    710000 | PA      | $757976.12    | 0.11%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust Series 2024-4                                | CUSIP: 16159NBF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2009391 | PA      | $1880572.60   | 0.26%             | 2055-03-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora | Chase Home Lending Mortgage Trust Series 2024-5                                | CUSIP: 16159QBF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1876220 | PA      | $1755458.62   | 0.24%             | 2055-04-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS       | Cheniere Energy Partners LP                                                    | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130000.22    | 0.02%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD       | Cheniere Corpus Christi Holdings LLC                                           | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    150000 | PA      | $126799.79    | 0.02%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC          | Chobani Holdco II LLC                                                          | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    314250 | PA      | $333672.54    | 0.05%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CINEMARK USA INC               | Cinemark USA Inc                                                               | CUSIP: 172441BH9<br>LEI: 54930008H2137JSCPQ09 | Long             | DBT              | CORP              | US        |    640000 | PA      | $663987.84    | 0.09%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN       | Clarios Global LP / Clarios US Finance Co                                      | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $829401.14    | 0.12%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC           | Cleveland-Cliffs Inc                                                           | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    660000 | PA      | $686685.01    | 0.10%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION         | Clydesdale Acquisition Holdings Inc                                            | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |    320000 | PA      | $321348.16    | 0.04%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN         | Cogent Communications Group LLC / Cogent Finance Inc                           | CUSIP: 19240WAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $564166.44    | 0.08%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-2 Mortgage Loan Trust                                                | CUSIP: 19685EAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3051299 | PA      | $2582457.75   | 0.36%             | 2067-02-25      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-4 Mortgage Loan Trust                                                | CUSIP: 19685GAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    487700 | PA      | $474008.67    | 0.07%             | 2067-03-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-4 Mortgage Loan Trust                                                | CUSIP: 19685GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5500000 | PA      | $5217822.50   | 0.73%             | 2067-03-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-1 Mortgage Loan Trust                                                | CUSIP: 19688HAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3300000 | PA      | $2899545.00   | 0.40%             | 2066-12-27      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2021-HX1 Mortgage Loan Trust                                              | CUSIP: 19688KAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1544460.00   | 0.22%             | 2066-10-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2022-5 Mortgage Loan Trust                                                | CUSIP: 19688LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1193905.00   | 0.17%             | 2067-03-25      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2025-5 Mortgage Loan Trust                                                | CUSIP: 19689AAE5<br>LEI: 213800S6EGXVNRKXHN58 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $506989.80    | 0.07%             | 2070-05-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                   | CUSIP: 20030NAK7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    155000 | PA      | $172117.45    | 0.02%             | 2035-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2024-WCL1 MORTGAGE TRUST                                                  | CUSIP: 20047DAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1495935.00   | 0.21%             | 2041-06-15      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC         | Comstock Resources Inc                                                         | CUSIP: 205768AT1<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    710000 | PA      | $676316.89    | 0.09%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                             | CUSIP: 205887CD2<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    135000 | PA      | $129987.59    | 0.02%             | 2038-11-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE       | Concentra Health Services Inc                                                  | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |    360000 | PA      | $375942.96    | 0.05%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2024-R02                                   | CUSIP: 20754GAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1055006.00   | 0.15%             | 2044-02-25      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN        | Consolidated Energy Finance SA                                                 | CUSIP: 20914UAE6<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    390000 | PA      | $373943.51    | 0.05%             | 2026-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN        | Consolidated Energy Finance SA                                                 | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    670000 | PA      | $477006.50    | 0.07%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands Inc                                                       | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130892.93    | 0.02%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES          | Continental Resources Inc/OK                                                   | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128777.23    | 0.02%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cook Park CLO, Ltd             | Cook Park CLO Ltd                                                              | CUSIP: 21623PAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1752080.75   | 0.24%             | 2030-04-17      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd  | Corevest American Finance 2020-4 Trust                                         | CUSIP: 21873AAL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $269619.60    | 0.04%             | 2052-12-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| REWORLD HOLDING CORP           | Reworld Holding Corp                                                           | CUSIP: 22303XAA3<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188454.74    | 0.03%             | 2029-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-C                                              | CUSIP: 223920AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $515187.10    | 0.07%             | 2032-03-15      | Fixed         | 8.04%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | Consumer Portfolio Services Auto Trust 2025-D                                  | CUSIP: 223936AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $506940.60    | 0.07%             | 2033-05-16      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-A                                              | CUSIP: 22411CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $5390029.84   | 0.75%             | 2031-08-15      | Fixed         | 8.42%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC               | Credit Acceptance Corp                                                         | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $490683.55    | 0.07%             | 2030-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                             | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $130223.84    | 0.02%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                                               | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172272.57    | 0.02%             | 2033-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Crown Point CLO Ltd            | Crown Point CLO 10 Ltd                                                         | CUSIP: 22846FAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002906.00   | 0.28%             | 2034-07-20      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                 | Dcli Bidco LLC                                                                 | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |    320000 | PA      | $325534.14    | 0.05%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                     | DaVita Inc                                                                     | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    590000 | PA      | $611835.90    | 0.09%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust  | DBSG 2024-ALTA Mortgage Trust                                                  | CUSIP: 239918AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $405129.20    | 0.06%             | 2037-06-10      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust   | DC Trust 2024-HLTN                                                             | CUSIP: 24022FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $504400.00    | 0.07%             | 2040-04-13      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| DC Commercial Mortgage Trust   | DC Trust 2024-HLTN                                                             | CUSIP: 24022FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $302913.60    | 0.04%             | 2040-04-13      | Variable      | 7.71%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-3                                    | CUSIP: 24381VAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2948000 | PA      | $2302149.21   | 0.32%             | 2066-08-25      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-3                                    | CUSIP: 24381VAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $813497.00    | 0.11%             | 2066-08-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-2                                    | CUSIP: 24381WAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $326202.68    | 0.05%             | 2066-04-25      | Variable      | 3.17%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-2                                    | CUSIP: 24381WAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1080878.50   | 0.15%             | 2066-04-25      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-3                                    | CUSIP: 24381YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    237270 | PA      | $241882.10    | 0.03%             | 2067-07-25      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-3                                    | CUSIP: 24381YAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1243000 | PA      | $1204848.60   | 0.17%             | 2067-07-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-1                                    | CUSIP: 24382JAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1750000 | PA      | $1493971.50   | 0.21%             | 2067-01-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2022-1                                    | CUSIP: 24382JAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3084444.00   | 0.43%             | 2067-01-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                              | CUSIP: 24703DBQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $172306.69    | 0.02%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC          | Directv Financing LLC / Directv Financing Co-Obligor Inc                       | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    820000 | PA      | $817637.01    | 0.11%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 64 CLO Ltd                                                              | CUSIP: 26251LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1512750.00   | 0.21%             | 2031-04-18      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 107 CLO Ltd                                                             | CUSIP: 26254FAS3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   3650000 | PA      | $3659920.70   | 0.51%             | 2038-08-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 119 CLO Ltd                                                             | CUSIP: 26254KAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2013526.00   | 0.28%             | 2036-04-15      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2022-4                                      | CUSIP: 268432AE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1515135.00   | 0.21%             | 2067-09-25      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2024-NQM1                                                                 | CUSIP: 26845DAJ4<br>LEI: 254900GTI06L3BTCLG55 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $382018.00    | 0.05%             | 2069-11-25      | Variable      | 7.55%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2025-NQM1                                                                 | CUSIP: 26846CAF3<br>LEI: 254900TJEVLCYF1H3X71 | Long             | ABS-MBS          | CORP              | US        |   1804000 | PA      | $1815269.59   | 0.25%             | 2070-01-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | EFMT 2024-CES1                                                                 | CUSIP: 281907AF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1021184.00   | 0.14%             | 2060-01-26      | Variable      | 8.03%                 | No            |                  2 | On Loan: No      |
| Eldridge CLO Ltd               | Eldridge CLO 2025-1 Ltd                                                        | CUSIP: 284913AL4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2250000 | PA      | $2235384.00   | 0.31%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC             | Enact Holdings Inc                                                             | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |    170000 | PA      | $178028.87    | 0.02%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC       | Encore Capital Group Inc                                                       | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    310000 | PA      | $326705.90    | 0.05%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC       | Encore Capital Group Inc                                                       | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173777.75    | 0.02%             | 2031-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Enviva LLC                     | Enviva LLC                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5458 | NS      | $92786.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC         | EquipmentShare.com Inc                                                         | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    580000 | PA      | $586049.98    | 0.08%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ENVIVA ESCROW                  | ENVIVA ESCROW                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-3                                     | CUSIP: 30165AAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2505000 | PA      | $2605596.79   | 0.36%             | 2031-10-15      | Fixed         | 7.84%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-5                                     | CUSIP: 30165BAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2414000 | PA      | $2474288.93   | 0.34%             | 2032-05-17      | Fixed         | 7.22%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-2                                     | CUSIP: 30166DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1354000 | PA      | $1414610.32   | 0.20%             | 2031-10-15      | Fixed         | 7.98%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-5                                     | CUSIP: 30167FAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1055338.20   | 0.15%             | 2030-04-15      | Fixed         | 10.45%                | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-1                                     | CUSIP: 30167JAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2934711.90   | 0.41%             | 2029-10-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-1                                     | CUSIP: 30167PAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1038392.60   | 0.14%             | 2031-08-15      | Fixed         | 7.89%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-6                                     | CUSIP: 30168AAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2156385.40   | 0.30%             | 2030-06-17      | Fixed         | 11.61%                | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2023-2                                     | CUSIP: 30168CAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1068751.00   | 0.15%             | 2030-11-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust    | Extended Stay America Trust 2025-ESH                                           | CUSIP: 30227TAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $5046990.00   | 0.70%             | 2042-10-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust    | Extended Stay America Trust 2025-ESH                                           | CUSIP: 30227TAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $4042480.00   | 0.56%             | 2042-10-15      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                     | EZCORP Inc                                                                     | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    570000 | PA      | $603486.36    | 0.08%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | FHF Issuer Trust 2024-3                                                        | CUSIP: 30339EAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $939818.60    | 0.13%             | 2031-12-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DPX52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1288097 | PA      | $1281698.81   | 0.18%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DSR46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    960857 | PA      | $960288.41    | 0.13%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DT3C2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    816078 | PA      | $816104.75    | 0.11%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DUJ65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3591331 | PA      | $3634305.90   | 0.51%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3132DWHG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    795006 | PA      | $805714.97    | 0.11%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133CQ6A8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    975770 | PA      | $986474.67    | 0.14%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133CXZ45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2364122 | PA      | $2397444.53   | 0.33%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133CYQ43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2669269 | PA      | $2734628.80   | 0.38%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133KKUC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4657048 | PA      | $3961633.67   | 0.55%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3133KPQ27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    810219 | PA      | $790116.71    | 0.11%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HN4L9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10000000 | PA      | $10110540.00  | 1.41%             | 2032-06-25      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HN6B9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $5034675.00   | 0.70%             | 2030-05-25      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HNMY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11000000 | PA      | $11135564.00  | 1.55%             | 2035-08-25      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HNN46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2023438.00   | 0.28%             | 2030-09-25      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                   | CUSIP: 3137HNN87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1014412.00   | 0.14%             | 2035-09-25      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | FREMF 2025-K549 Mortgage Trust                                                 | CUSIP: 3137HNNC8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $2031038.00   | 0.28%             | 2030-09-25      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3138MTKQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1865711 | PA      | $1885011.94   | 0.26%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140ADFL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    964498 | PA      | $975078.80    | 0.14%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140ANNU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    979702 | PA      | $982643.57    | 0.14%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140AQYY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    976727 | PA      | $973707.01    | 0.14%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140ATLV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1434043 | PA      | $1452015.78   | 0.20%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140KYBS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2984036 | PA      | $2426260.35   | 0.34%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140MWXQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    817796 | PA      | $814755.77    | 0.11%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140N4PS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3036471 | PA      | $3121139.72   | 0.43%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140QBTF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8535202 | PA      | $7585276.48   | 1.06%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140QG3D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2083633 | PA      | $1772622.02   | 0.25%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140QNKN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4922876 | PA      | $3996538.55   | 0.56%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140W1P49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7241668 | PA      | $7237380.82   | 1.01%             | 2054-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140W1RG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3504311 | PA      | $3337561.68   | 0.46%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140W2UM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6323204 | PA      | $6192010.45   | 0.86%             | 2053-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XHJY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3931787 | PA      | $3639223.22   | 0.51%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XLE38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1154214 | PA      | $1170537.13   | 0.16%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XLZZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7285600 | PA      | $6954855.33   | 0.97%             | 2053-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XNPY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2253012 | PA      | $2256960.46   | 0.31%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XPCS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    856684 | PA      | $854570.53    | 0.12%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XQ2C0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2646396 | PA      | $2644829.72   | 0.37%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XRGA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3720840 | PA      | $3298587.67   | 0.46%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XRN35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5504449 | PA      | $5582033.86   | 0.78%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 3140XTCF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3519827 | PA      | $3001867.03   | 0.42%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                | CUSIP: 31418EAM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1552209 | PA      | $1267890.80   | 0.18%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31425U2Z7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2104048 | PA      | $2135678.14   | 0.30%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31425V2B8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    983731 | PA      | $989296.76    | 0.14%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427M4B4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3363003 | PA      | $3491170.88   | 0.49%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427MCR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3889641 | PA      | $3892165.82   | 0.54%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427MYN5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3839748 | PA      | $3832675.58   | 0.53%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427MZF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4511368 | PA      | $4631983.88   | 0.64%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 31427NY86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5797327 | PA      | $4942412.19   | 0.69%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                               | CUSIP: 3142GRSU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    860440 | PA      | $880971.47    | 0.12%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-2                                      | CUSIP: 31572LAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $497375.90    | 0.07%             | 2066-06-25      | Variable      | 2.30%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-2                                      | CUSIP: 31572LAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2315000 | PA      | $1761522.86   | 0.25%             | 2066-06-25      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2022-1                                      | CUSIP: 31573CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1935000 | PA      | $1515826.76   | 0.21%             | 2067-01-25      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-3                                      | CUSIP: 31573JAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1163031.00   | 0.16%             | 2066-09-25      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2017-1                                      | CUSIP: 31574XAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $782243.00    | 0.11%             | 2066-02-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC           | Fiesta Purchaser Inc                                                           | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $496141.53    | 0.07%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP            | Fifth Third Bancorp                                                            | CUSIP: 316773DL1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    330000 | PA      | $345525.20    | 0.05%             | 2032-01-29      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-HE1                                                           | CUSIP: 31684HAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    673588 | PA      | $690973.04    | 0.10%             | 2054-03-25      | Variable      | 7.19%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2025-HE5                                                           | CUSIP: 31684MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1841000 | PA      | $1892520.39   | 0.26%             | 2055-08-25      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                    | FIGRE Trust 2024-HE4                                                           | CUSIP: 31684UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    826380 | PA      | $828399.10    | 0.12%             | 2054-09-25      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| FinBe USA Trust                | FinBe USA Trust 2025-1                                                         | CUSIP: 317967AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $999271.40    | 0.14%             | 2030-12-16      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                                     | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  32184331 | NS      | $32184331.49  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST QUANTUM MINERALS L       | First Quantum Minerals Ltd                                                     | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1190000 | PA      | $1236762.24   | 0.17%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                  | FirstCash Inc                                                                  | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |    340000 | PA      | $335607.70    | 0.05%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                                     | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129664.46    | 0.02%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2024-1                                              | CUSIP: 33843VAN3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    585000 | PA      | $543103.76    | 0.08%             | 2031-05-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC        | Duke Energy Florida LLC                                                        | CUSIP: 341099CL1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    155000 | PA      | $174806.39    | 0.02%             | 2038-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                       | CUSIP: 345397E66<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101253.60    | 0.01%             | 2034-03-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS        | FTAI Aviation Investors LLC                                                    | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    330000 | PA      | $333195.06    | 0.05%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXIX CLO Ltd                                     | CUSIP: 34990EAJ9<br>LEI: 254900314MCCPONEEQ30 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2489597.50   | 0.35%             | 2033-04-20      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust       | Foundation Finance Trust 2021-1                                                | CUSIP: 35041LAD2<br>LEI: 549300MQ65NOVQXYNB21 | Long             | ABS-O            | CORP              | US        |     66832 | PA      | $65286.11     | 0.01%             | 2041-05-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust       | Foundation Finance Trust 2025-2                                                | CUSIP: 35042NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $352137.21    | 0.05%             | 2052-04-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-HQA3                                        | CUSIP: 35564KE47<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $523467.50    | 0.07%             | 2042-08-25      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD          | Freedom Mortgage Holdings LLC                                                  | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1511436.36   | 0.21%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC           | Freeport-McMoRan Inc                                                           | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129018.35    | 0.02%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                                      | CUSIP: 361448BS1<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174755.61    | 0.02%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2021-NQM2 Trust                                                           | CUSIP: 36166XAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    182842 | PA      | $158523.22    | 0.02%             | 2066-05-25      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2022-NQM2 Trust                                                           | CUSIP: 36169KAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    729438 | PA      | $688428.26    | 0.10%             | 2067-02-25      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD               | GGAM Finance Ltd                                                               | CUSIP: 36170JAE6<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    600000 | PA      | $608250.00    | 0.08%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                             | CUSIP: 36179XNF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    771914 | PA      | $769255.31    | 0.11%             | 2052-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                             | CUSIP: 36179XQX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4626138 | PA      | $4662790.52   | 0.65%             | 2053-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                             | CUSIP: 36179YAT1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    624142 | PA      | $634889.37    | 0.09%             | 2053-07-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2021-MM1                                   | CUSIP: 36264JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    797899 | PA      | $658644.15    | 0.09%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2023-1                                       | CUSIP: 36266XAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1089774.80   | 0.15%             | 2030-03-15      | Fixed         | 11.42%                | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2023-3                                       | CUSIP: 36267PAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1606574.85   | 0.22%             | 2030-08-15      | Fixed         | 9.27%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies Inc                                                 | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    160000 | PA      | $172266.00    | 0.02%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-HE1                                   | CUSIP: 36270AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $995720.00    | 0.14%             | 2054-08-25      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-4                                       | CUSIP: 36270YAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1826000 | PA      | $1881180.62   | 0.26%             | 2031-08-15      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-PJ8                                   | CUSIP: 36272LCT3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1262000 | PA      | $1158808.78   | 0.16%             | 2055-02-25      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-PJ8                                   | CUSIP: 36272LCU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1734641 | PA      | $1321921.34   | 0.18%             | 2055-02-25      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2025-DSC1                                  | CUSIP: 36275EAH4<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $991593.00    | 0.14%             | 2065-06-25      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| Gaea Mortgage Loan Trust       | Gaea Mortgage Loan Trust 2025-A                                                | CUSIP: 362928AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2572525 | PA      | $2511684.91   | 0.35%             | 2030-02-25      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2023-4                                       | CUSIP: 362929AG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1086725.70   | 0.15%             | 2030-08-15      | Fixed         | 9.72%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-RPL4                                  | CUSIP: 362948AF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1435369.50   | 0.20%             | 2061-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2024-PJ7                                   | CUSIP: 362949CR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1529000 | PA      | $1328360.03   | 0.18%             | 2054-11-25      | Variable      | 6.66%                 | No            |                  2 | On Loan: No      |
| Gallatin Funding Ltd           | Gallatin CLO XI 2024-1 Ltd                                                     | CUSIP: 36362HAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   4000000 | PA      | $4039552.00   | 0.56%             | 2037-10-20      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                | CUSIP: 37045XEP7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105711.45    | 0.01%             | 2034-01-07      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GENESEE & WYOMING INC          | Genesee & Wyoming Inc                                                          | CUSIP: 371559AB1<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | DBT              | CORP              | US        |    200000 | PA      | $204287.40    | 0.03%             | 2032-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN          | Genesis Energy LP / Genesis Energy Finance Corp                                | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $744372.00    | 0.10%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MAGNERA CORP                   | Magnera Corp                                                                   | CUSIP: 377320AA4<br>LEI: 549300LDQLQBT38QDY28 | Long             | DBT              | CORP              | US        |    560000 | PA      | $466891.66    | 0.06%             | 2029-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                            | CUSIP: 37940XAQ5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151873.66    | 0.02%             | 2032-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD        | Global Aircraft Leasing Co Ltd                                                 | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1133869.00   | 0.16%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-3                                       | CUSIP: 37989AAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1021078.00   | 0.14%             | 2031-06-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2025-3                                       | CUSIP: 37989YAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $985298.50    | 0.14%             | 2032-08-16      | Fixed         | 6.52%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                     | goeasy Ltd                                                                     | CUSIP: 380355AR8<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    660000 | PA      | $645444.49    | 0.09%             | 2031-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                    | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    330000 | PA      | $343557.34    | 0.05%             | 2036-01-28      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd | Golub Capital Partners CLO 69M                                                 | CUSIP: 38179UAF5<br>LEI: 2549004WBNSFGOX1MY52 | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.42%             | 2036-11-09      | Floating      | 8.23%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr | Goodleap Sustainable Home Solutions Trust 2023-2                               | CUSIP: 38237AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $64035.26     | 0.01%             | 2055-05-20      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| GoodLeap Sustainable Home Impr | GoodLeap Sustainable Home Solutions Trust 2022-3                               | CUSIP: 38237TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149340 | PA      | $133378.14    | 0.02%             | 2049-07-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER         | Goodyear Tire & Rubber Co/The                                                  | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    620000 | PA      | $616383.29    | 0.09%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                 | Gray Media Inc                                                                 | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    890000 | PA      | $618889.80    | 0.09%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES DREDGE&DOCK        | Great Lakes Dredge & Dock Corp                                                 | CUSIP: 390607AF6<br>LEI: 549300H65E3MZ1CX0P05 | Long             | DBT              | CORP              | US        |    690000 | PA      | $668495.05    | 0.09%             | 2029-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GREENFIRE RESOURCES LTD        | Greenfire Resources Ltd                                                        | CUSIP: 39525UAA5<br>LEI: 254900MTS0G2VGMJW059 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $327662.25    | 0.05%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Trust 2024-1                                         | CUSIP: 39571MAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    445621 | PA      | $462170.87    | 0.06%             | 2059-06-25      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust 2025-2                                  | CUSIP: 39571VAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014339.00   | 0.14%             | 2060-06-25      | Fixed         | 7.79%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP        | Gulfport Energy Operating Corp                                                 | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    400000 | PA      | $408906.48    | 0.06%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust               | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                        | CUSIP: 403956AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200626.20    | 0.03%             | 2037-05-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust               | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                        | CUSIP: 403956AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200427.80    | 0.03%             | 2037-05-15      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                        | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174998.17    | 0.02%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust  | HTL Commercial Mortgage Trust 2024-T53                                         | CUSIP: 404300AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $308295.30    | 0.04%             | 2039-05-10      | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| HTL Commercial Mortgage Trust  | HTL Commercial Mortgage Trust 2024-T53                                         | CUSIP: 404300AL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $103628.70    | 0.01%             | 2039-05-10      | Variable      | 11.93%                | No            |                  2 | On Loan: No      |
| HPS Private Credit CLO         | HPS Private Credit CLO 2024-2 LLC                                              | CUSIP: 40443QAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4028896.00   | 0.56%             | 2036-05-15      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT         | HAT Holdings I LLC / HAT Holdings II LLC                                       | CUSIP: 418751AD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $92262.80     | 0.01%             | 2030-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO               | Hawaiian Electric Co Inc                                                       | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |    410000 | PA      | $414865.06    | 0.06%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS         | Helix Energy Solutions Group Inc                                               | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    320000 | PA      | $338482.24    | 0.05%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC              | Herc Holdings Inc                                                              | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516790.50    | 0.07%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                 | Hertz Corp/The                                                                 | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237833.35    | 0.03%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC    | Hertz Vehicle Financing LLC                                                    | CUSIP: 42806MAR0<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $977480.90    | 0.14%             | 2028-06-26      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP       | Hilcorp Energy I LP / Hilcorp Finance Co                                       | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $166933.69    | 0.02%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY        | Howard Midstream Energy Partners LLC                                           | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $340330.65    | 0.05%             | 2034-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank   | Huntington Bank Auto Credit-Linked Notes Series 2024-1                         | CUSIP: 44644NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    242227 | PA      | $247425.90    | 0.03%             | 2032-05-20      | Floating      | 9.43%                 | No            |                  2 | On Loan: No      |
| IBM INTERNAT CAPITAL           | IBM International Capital Pte Ltd                                              | CUSIP: 449276AE4<br>LEI: 2549007KTXQQBYZO7485 | Long             | DBT              | CORP              | SG        |    170000 | PA      | $171599.99    | 0.02%             | 2034-02-05      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                 | ICG US CLO 2023-1 I Ltd                                                        | CUSIP: 449278AM2<br>LEI: 213800Z9YRS87E5MLP40 | Long             | ABS-CBDO         | CORP              | JE        |   4000000 | PA      | $4013284.00   | 0.56%             | 2038-07-18      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust      | IP 2025-IP Mortgage Trust                                                      | CUSIP: 449843AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $255103.75    | 0.04%             | 2042-06-10      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| ICNQ Mortgage Trust            | ICNQ 2024-MF Mortgage Trust                                                    | CUSIP: 450953AL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $757519.50    | 0.11%             | 2034-12-10      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC              | Imperial Fund Mortgage Trust 2021-NQM1                                         | CUSIP: 452764AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1575314.00   | 0.22%             | 2056-06-25      | Variable      | 4.36%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC              | Imperial Fund Mortgage Trust 2022-NQM1                                         | CUSIP: 452766AF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1473718.00   | 0.21%             | 2067-02-25      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Invitation Homes Trust         | Invitation Homes 2024-SFR1 Trust                                               | CUSIP: 46188DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    998290 | PA      | $985418.98    | 0.14%             | 2041-09-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| iShares Broad USD High Yield C | iShares Broad USD High Yield Corporate Bond ETF                                | CUSIP: 46435U853<br>LEI: 549300X7H67ZLUE3IZ46 | Long             | EC               | RF                | US        |    266817 | NS      | $10026982.86  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-3                                                | CUSIP: 46592ABZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325038 | PA      | $292661.40    | 0.04%             | 2050-08-25      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2024-9                                                | CUSIP: 46593DBU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1339000 | PA      | $1169122.41   | 0.16%             | 2055-02-25      | Variable      | 6.99%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2025-CCM1                                             | CUSIP: 46593MAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3171384 | PA      | $3169364.33   | 0.44%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-CES2                                      | CUSIP: 46595TAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1542706.50   | 0.21%             | 2055-06-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-6                                              | CUSIP: 465989AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2353897 | PA      | $2348149.03   | 0.33%             | 2053-12-26      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-6                                              | CUSIP: 465989AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  36317272 | PA      | $86725.65     | 0.01%             | 2053-12-26      | Variable      | 0.27%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-6                                              | CUSIP: 465989AN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    515106 | PA      | $438423.86    | 0.06%             | 2053-12-26      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2014-2                                                | CUSIP: 46641YAQ6<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |     21186 | PA      | $20676.09     | 0.00%             | 2029-06-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                            | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    390000 | PA      | $429656.71    | 0.06%             | 2034-10-23      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2020-4                                                | CUSIP: 46652FBX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1133419 | PA      | $1014365.82   | 0.14%             | 2050-11-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2023-4                                              | CUSIP: 46656QBL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1115473 | PA      | $1122760.56   | 0.16%             | 2053-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2023-7                                                | CUSIP: 46657DAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1035500 | PA      | $840373.49    | 0.12%             | 2054-02-25      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2024-1                                              | CUSIP: 46657PBD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2285608 | PA      | $1498026.34   | 0.21%             | 2054-06-25      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2024-8                                         | CUSIP: 46658GAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3326603 | PA      | $3322524.16   | 0.46%             | 2055-01-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2024-10                                             | CUSIP: 46658LBR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3508651 | PA      | $3369856.12   | 0.47%             | 2055-03-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2024-10                                             | CUSIP: 46658LBS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1421000 | PA      | $1234725.37   | 0.17%             | 2055-03-25      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| Jackson Park Trust             | Jackson Park Trust 2019-LIC                                                    | CUSIP: 46868RAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $658491.00    | 0.09%             | 2039-10-14      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN        | Jane Street Group / JSG Finance Inc                                            | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    790000 | PA      | $824712.43    | 0.11%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                     | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    155000 | PA      | $171101.09    | 0.02%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN       | Jefferies Finance LLC / JFIN Co-Issuer Corp                                    | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $325419.01    | 0.05%             | 2031-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN       | Jefferson Capital Holdings LLC                                                 | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590000 | PA      | $612196.39    | 0.09%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL | JPMorgan Chase Bank NA - CACLN                                                 | CUSIP: 48128U2S7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    215949 | PA      | $216109.04    | 0.03%             | 2028-12-26      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                           | CUSIP: 49271VAV2<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203465.03    | 0.03%             | 2034-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC              | Kinder Morgan Inc                                                              | CUSIP: 49456BBA8<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126288.06    | 0.02%             | 2054-08-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP            | Kinetik Holdings LP                                                            | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100823.40    | 0.01%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Kinetic Advantage Master Owner | Kinetic Advantage Master Owner Trust                                           | CUSIP: 49462DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500248.05    | 0.07%             | 2027-11-15      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP               | Knife River Corp                                                               | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $503216.64    | 0.07%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC        | Kodiak Gas Services LLC                                                        | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    320000 | PA      | $328125.76    | 0.05%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                                           | CUSIP: 50076QAR7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    115000 | PA      | $128299.88    | 0.02%             | 2039-01-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KROGER CO                      | Kroger Co/The                                                                  | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171482.14    | 0.02%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LBA Trust                      | LBA Trust 2024-BOLT                                                            | CUSIP: 50177BAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003707.00   | 0.14%             | 2039-06-15      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| LBA Trust                      | LBA Trust 2024-BOLT                                                            | CUSIP: 50177BAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $301380.60    | 0.04%             | 2039-06-15      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                               | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    265000 | PA      | $258945.95    | 0.04%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP               | Lamar Media Corp                                                               | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $168639.42    | 0.02%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust    | Legacy Mortgage Asset Trust 2021-GS3                                           | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    904588 | PA      | $919720.35    | 0.13%             | 2061-07-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat | Lendingpoint 2021-B Asset Securitization Trust                                 | CUSIP: 52607HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74338 | PA      | $73557.07     | 0.01%             | 2029-02-15      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC              | Lithia Motors Inc                                                              | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |    350000 | PA      | $334528.69    | 0.05%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-2                                      | CUSIP: 53949FAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1059076.90   | 0.15%             | 2030-09-16      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                 | CUSIP: 548661EQ6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154534.31    | 0.02%             | 2033-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Luxury Lease Partners Auto Lea | Luxury Lease Partners Auto Lease Trust 2024-4                                  | CUSIP: 55068XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    281681 | PA      | $281736.54    | 0.04%             | 2030-07-15      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION           | M&T Bank Corp                                                                  | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    340000 | PA      | $342548.86    | 0.05%             | 2035-07-30      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2021-INV2 Trust                                                            | CUSIP: 552732AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1329000 | PA      | $1191378.06   | 0.17%             | 2056-11-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2021-NQM2 Trust                                                            | CUSIP: 55283WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    345774 | PA      | $307148.77    | 0.04%             | 2064-11-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                                        | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130322.19    | 0.02%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MSCI INC                       | MSCI Inc                                                                       | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170698.32    | 0.02%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD       | Macquarie Airfinance Holdings Ltd                                              | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |    160000 | PA      | $170832.31    | 0.02%             | 2031-03-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XIX Ltd                                                   | CUSIP: 55819RAL9<br>LEI: 254900END3IQSN7CTN87 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4032016.00   | 0.56%             | 2037-01-22      | Floating      | 11.20%                | No            |                  2 | On Loan: No      |
| Marble Point CLO LTD           | Marble Point CLO XVII Ltd                                                      | CUSIP: 56606CAU7<br>LEI: 2549003LUS5LG1CTZP23 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3011361.00   | 0.42%             | 2037-07-20      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO XIX Ltd       | Marble Point CLO XIX Ltd                                                       | CUSIP: 56607KBA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005538.00   | 0.28%             | 2038-10-19      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-2                                                  | CUSIP: 57109LAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2548115.00   | 0.35%             | 2033-06-15      | Fixed         | 7.92%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2022-3                                                  | CUSIP: 57109NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2636000 | PA      | $2671835.89   | 0.37%             | 2032-11-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-1                                                  | CUSIP: 57110PAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000550 | PA      | $3056422.34   | 0.43%             | 2033-04-15      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                       | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205352.42    | 0.03%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                     | MasTec Inc                                                                     | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99673.33     | 0.01%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Accepta | Mello Mortgage Capital Acceptance 2022-INV2                                    | CUSIP: 58549JBU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400290 | PA      | $350417.63    | 0.05%             | 2052-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                | Mercer International Inc                                                       | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |    420000 | PA      | $271988.01    | 0.04%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP            | Meritage Homes Corp                                                            | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152311.66    | 0.02%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| METHANEX US OPERATIONS         | Methanex US Operations Inc                                                     | CUSIP: 59151LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    810000 | PA      | $824584.86    | 0.11%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG       | Berkshire Hathaway Energy Co                                                   | CUSIP: 59562VAM9<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |    160000 | PA      | $173671.06    | 0.02%             | 2036-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC        | Millrose Properties Inc                                                        | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $405556.24    | 0.06%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC          | Molina Healthcare Inc                                                          | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403042.00    | 0.06%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MOLSON COORS BEVERAGE          | Molson Coors Beverage Co                                                       | CUSIP: 60871RAH3<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |    105000 | PA      | $85900.68     | 0.01%             | 2046-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                                | CUSIP: 608934AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $103075.90    | 0.01%             | 2045-03-20      | Fixed         | 8.29%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                                                | CUSIP: 608934AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $90964.72     | 0.01%             | 2045-03-20      | Fixed         | 11.24%                | No            |                  2 | On Loan: No      |
| Monroe Capital MML CLO         | Monroe Capital Mml Clo XII Ltd                                                 | CUSIP: 61034VAL7<br>LEI: 549300015LLKJVT5UL74 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500265.00    | 0.07%             | 2033-09-14      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                 | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    330000 | PA      | $346251.03    | 0.05%             | 2038-01-19      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2014-150E                                       | CUSIP: 61764BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $720973.60    | 0.10%             | 2032-09-09      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mor | Morgan Stanley Residential Mortgage Loan Trust 2023-3                          | CUSIP: 61775QAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1198000 | PA      | $1031475.60   | 0.14%             | 2053-09-25      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2024-BPR2                                       | CUSIP: 61776EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295698 | PA      | $311810.60    | 0.04%             | 2029-05-05      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                      | Mosaic Co/The                                                                  | CUSIP: 61945CAE3<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128143.59    | 0.02%             | 2043-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD       | Moss Creek Resources Holdings Inc                                              | CUSIP: 61965RAC9<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193239.64    | 0.03%             | 2031-09-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP            | Medline Borrower LP                                                            | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498424.80    | 0.07%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD            | NCL Corp Ltd                                                                   | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    330000 | PA      | $333974.52    | 0.05%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                     | NLT 2025-CES1 Trust                                                            | CUSIP: 629162AC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1505000 | PA      | $1508569.86   | 0.21%             | 2060-08-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                     | NLT 2025-CES1 Trust                                                            | CUSIP: 629162AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1006836.00   | 0.14%             | 2060-08-25      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| NMI HOLDINGS                   | NMI Holdings Inc                                                               | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |    170000 | PA      | $175491.00    | 0.02%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG Energy Inc                                                                 | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    790000 | PA      | $813953.59    | 0.11%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS             | New Flyer Holdings Inc                                                         | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $330330.42    | 0.05%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2017-5                                     | CUSIP: 64828NAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    234336 | PA      | $233798.65    | 0.03%             | 2057-06-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2015-1                                     | CUSIP: 64829CAT5<br>LEI: 549300RCJSGOC0A85G53 | Long             | ABS-MBS          | CORP              | US        |    852911 | PA      | $668596.60    | 0.09%             | 2052-05-28      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2019-2                                     | CUSIP: 64830DCF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1437097 | PA      | $1219879.82   | 0.17%             | 2057-12-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2022-SFR2                                  | CUSIP: 64830RAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $674488.50    | 0.09%             | 2039-09-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2021-NQM3                                  | CUSIP: 64831TAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1684738.00   | 0.23%             | 2056-11-27      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateraliz | NRM FHT1 Excess Owner LLC                                                      | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    888287 | PA      | $905225.64    | 0.13%             | 2032-03-25      | Variable      | 6.54%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                              | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    390000 | PA      | $401082.62    | 0.06%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP          | Northrop Grumman Corp                                                          | CUSIP: 666807CM2<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    135000 | PA      | $129322.79    | 0.02%             | 2054-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                | Gen Digital Inc                                                                | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |    390000 | PA      | $402457.77    | 0.06%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP            | NOVA Chemicals Corp                                                            | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $104959.20    | 0.01%             | 2028-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE         | Brundage-Bone Concrete Pumping Holdings Inc                                    | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $302997.60    | 0.04%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                   | Novelis Corp                                                                   | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    170000 | PA      | $164430.60    | 0.02%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NUCOR CORP                     | Nucor Corp                                                                     | CUSIP: 670346BA2<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153193.44    | 0.02%             | 2035-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                    | Nutrien Ltd                                                                    | CUSIP: 67077MAW8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $127260.05    | 0.02%             | 2030-05-13      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2021-J2 Trust                                                              | CUSIP: 670861AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1498410 | PA      | $1258745.34   | 0.18%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC        | O'Reilly Automotive Inc                                                        | CUSIP: 67103HAL1<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150984.02    | 0.02%             | 2032-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust  | NYC Commercial Mortgage Trust 2025-28L                                         | CUSIP: 67123JAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996612.00    | 0.14%             | 2038-11-05      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust  | NYC Commercial Mortgage Trust 2025-28L                                         | CUSIP: 67123JAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $996612.00    | 0.14%             | 2038-11-05      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                 | Oaktown Re VII Ltd                                                             | CUSIP: 67389JAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1118009 | PA      | $1127981.58   | 0.16%             | 2034-04-25      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2023-1                                                | CUSIP: 67571BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2087615.20   | 0.29%             | 2030-08-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2024-1                                                | CUSIP: 67571FAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $921992.76    | 0.13%             | 2031-08-20      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust       | Octane Receivables Trust 2024-2                                                | CUSIP: 67578YAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2114542.60   | 0.29%             | 2032-07-20      | Fixed         | 9.04%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 38 | Octagon Investment Partners 38 Ltd                                             | CUSIP: 67591XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2575000 | PA      | $2607254.45   | 0.36%             | 2037-10-20      | Floating      | 11.13%                | No            |                  2 | On Loan: No      |
| OLIN CORP                      | Olin Corp                                                                      | CUSIP: 680665AN6<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    330000 | PA      | $327203.75    | 0.05%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                                      | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $132505.72    | 0.02%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                           | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    800000 | PA      | $829703.20    | 0.12%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2021-B                                                  | CUSIP: 68377GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    508719 | PA      | $504435.71    | 0.07%             | 2031-05-08      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2025-D                                                  | CUSIP: 68379HAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $497035.15    | 0.07%             | 2033-02-08      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2025-D                                                  | CUSIP: 68379HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $298132.02    | 0.04%             | 2033-02-08      | Fixed         | 10.82%                | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                    | CUSIP: 68389XBE4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    190000 | PA      | $169838.81    | 0.02%             | 2035-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAP LLC/C       | Outfront Media Capital LLC / Outfront Media Capital Corp                       | CUSIP: 69007TAC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $406076.29    | 0.06%             | 2030-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                 | Owens-Brockway Glass Container Inc                                             | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |    650000 | PA      | $637817.31    | 0.09%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC             | PBF Holding Co LLC / PBF Finance Corp                                          | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $341830.55    | 0.05%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                                           | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    365000 | PA      | $385670.00    | 0.05%             | 2035-01-22      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                  | PRA Group Inc                                                                  | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |    530000 | PA      | $482591.66    | 0.07%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PPM Clo, Ltd.                  | PPM CLO 5 Ltd                                                                  | CUSIP: 69356TAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002036.00   | 0.28%             | 2034-10-18      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2022-NQM1 Trust                                                           | CUSIP: 69378KAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1519158.00   | 0.21%             | 2067-08-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | Pret 2024-NPL6 LLC                                                             | CUSIP: 69381QAA4<br>LEI: 254900RZOKAJE9T5UQ09 | Long             | ABS-MBS          | CORP              | US        |    836881 | PA      | $838105.26    | 0.12%             | 2054-10-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-2 LLC                                                                | CUSIP: 69382HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1375544 | PA      | $1378466.14   | 0.19%             | 2030-05-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-RCF4 LLC                                                             | CUSIP: 69382WAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $957548.00    | 0.13%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-RCF5 LLC                                                             | CUSIP: 69384AAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1850000 | PA      | $1775794.65   | 0.25%             | 2055-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL1 Trust                                                           | CUSIP: 69392FAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1438807.50   | 0.20%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-RPL1 Trust                                                           | CUSIP: 69392FAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $932968.00    | 0.13%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pagaya Point of Sale Holdings  | Pagaya Point of Sale Holdings Grantor Trust 2025-1                             | CUSIP: 694951AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $773854.43    | 0.11%             | 2034-01-20      | Fixed         | 11.28%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2023-8                                                    | CUSIP: 694960AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435001 | PA      | $443622.60    | 0.06%             | 2031-06-16      | Fixed         | 9.54%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | PAGAYA AI Debt Trust 2022-2                                                    | CUSIP: 69546VAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320728 | PA      | $321059.51    | 0.04%             | 2030-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Trust 2025-4                                                    | CUSIP: 69547DAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2015898.00   | 0.28%             | 2033-01-17      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-5                                          | CUSIP: 69547EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80901 | PA      | $79873.98     | 0.01%             | 2029-08-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-3                                            | CUSIP: 69547GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    749848 | PA      | $767672.05    | 0.11%             | 2032-12-15      | Fixed         | 12.63%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust 2021-1                                          | CUSIP: 69547JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4370 | PA      | $4334.35      | 0.00%             | 2027-11-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Trust 2025-R1                                                   | CUSIP: 69548DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    715308 | PA      | $718087.79    | 0.10%             | 2032-06-15      | Fixed         | 12.11%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Selection Trust                                                 | CUSIP: 69548MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    322264 | PA      | $333327.94    | 0.05%             | 2031-12-15      | Fixed         | 10.89%                | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-5                                            | CUSIP: 69548XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1287500 | PA      | $1302680.14   | 0.18%             | 2033-03-15      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya Ai Debt Grantor Trust 2025-6                                            | CUSIP: 69549CAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1990951.60   | 0.28%             | 2033-04-15      | Fixed         | 8.48%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust | Pagaya AI Debt Grantor Trust 2025-7                                            | CUSIP: 69549DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $499464.85    | 0.07%             | 2033-05-15      | Fixed         | 8.89%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER          | Panther Escrow Issuer LLC                                                      | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    730000 | PA      | $755040.46    | 0.11%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC          | PennyMac Financial Services Inc                                                | CUSIP: 70932MAH0<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    650000 | PA      | $666802.50    | 0.09%             | 2034-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I       | Performance Food Group Inc                                                     | CUSIP: 71376LAE0<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |    510000 | PA      | $497969.81    | 0.07%             | 2029-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PERRIGO FINANCE UNLIMITE       | Perrigo Finance Unlimited Co                                                   | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |    810000 | PA      | $817651.26    | 0.11%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PHH ESCROW ISS LCC/PHH C       | PHH Escrow Issuer LLC/PHH Corp                                                 | CUSIP: 716964AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $492382.62    | 0.07%             | 2029-11-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC         | Philip Morris International Inc                                                | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    165000 | PA      | $170134.61    | 0.02%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                     | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129107.88    | 0.02%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                     | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    320000 | PA      | $329488.32    | 0.05%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL       | Phoenix Aviation Capital Ltd                                                   | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |   1080000 | PA      | $1138683.96   | 0.16%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                      | Pike Corp                                                                      | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |    380000 | PA      | $405941.22    | 0.06%             | 2031-01-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                 | Pikes Peak CLO 14 2023 Ltd                                                     | CUSIP: 72134CAW1<br>LEI: 213800AO7LGLGDRRY278 | Long             | ABS-CBDO         | CORP              | JE        |   2300000 | PA      | $2329566.50   | 0.32%             | 2038-07-20      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE       | Plains All American Pipeline LP / PAA Finance Corp                             | CUSIP: 72650RBP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $133770.86    | 0.02%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Point Securitization Trust     | Point Securitization Trust 2025-2                                              | CUSIP: 73071PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $997765.00    | 0.14%             | 2055-09-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                              | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    810000 | PA      | $822388.14    | 0.11%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PowerPay Issuance Trust        | PowerPay Issuance Trust 2024-1                                                 | CUSIP: 73934RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $311535.72    | 0.04%             | 2039-02-18      | Fixed         | 8.46%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2024-1                                         | CUSIP: 74113QAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1975000 | PA      | $1993232.41   | 0.28%             | 2031-04-15      | Fixed         | 7.94%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2022-1                                         | CUSIP: 74113RAL3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $25058.14     | 0.00%             | 2028-08-15      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trus | Prestige Auto Receivables Trust 2024-2                                         | CUSIP: 74113SAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $734557.28    | 0.10%             | 2031-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2024-NPL7 LLC                                                             | CUSIP: 74136TAA6<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-MBS          | CORP              | US        |    904311 | PA      | $904184.26    | 0.13%             | 2054-10-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust     | Progress Residential 2023-SFR2 Trust                                           | CUSIP: 74331GAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $197340.80    | 0.03%             | 2040-10-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance T | Prosper Marketplace Issuance Trust Series 2024-1                               | CUSIP: 74363CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $515883.20    | 0.07%             | 2029-08-15      | Fixed         | 10.98%                | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN          | Provident Funding Associates LP / PFG Finance Corp                             | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $495691.61    | 0.07%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC       | Prudential Financial Inc                                                       | CUSIP: 74432QCK9<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154143.53    | 0.02%             | 2035-03-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2024-7 LLC                                                                | CUSIP: 74448LAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    827049 | PA      | $827343.52    | 0.12%             | 2029-11-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC              | PRPM 2025-RPL4 LLC                                                             | CUSIP: 74448NAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1818310.00   | 0.25%             | 2055-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                 | PulteGroup Inc                                                                 | CUSIP: 745867AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $131202.58    | 0.02%             | 2033-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding 2024-A LLC                                            | CUSIP: 745935AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201110.46    | 0.03%             | 2028-08-15      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding 2024-A LLC                                            | CUSIP: 745935AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202616.24    | 0.03%             | 2028-08-15      | Fixed         | 10.18%                | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                          | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    390000 | PA      | $406164.72    | 0.06%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2022-4                                                     | CUSIP: 74938GAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2412429 | PA      | $2165444.90   | 0.30%             | 2052-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                     | RCKTL 2025-2                                                                   | CUSIP: 74939HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $997648.20    | 0.14%             | 2034-11-27      | Fixed         | 7.83%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2025-CES3                                                  | CUSIP: 749420AU9<br>LEI: 254900HS4CN69R7ARQ97 | Long             | ABS-MBS          | CORP              | US        |   2839000 | PA      | $2789910.85   | 0.39%             | 2055-03-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2025-CES5                                                  | CUSIP: 74942CAS8<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |   2730000 | PA      | $2810758.86   | 0.39%             | 2055-05-25      | Variable      | 8.09%                 | No            |                  2 | On Loan: No      |
| RHP HOTEL PPTY/RHP FINAN       | RHP Hotel Properties LP / RHP Finance Corp                                     | CUSIP: 749571AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205926.60    | 0.03%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC               | Radian Group Inc                                                               | CUSIP: 750236AY7<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209128.16    | 0.03%             | 2029-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor Re 2024-1 Ltd                                                           | CUSIP: 75049AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1027913.00   | 0.14%             | 2034-09-25      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor Re 2024-1 Ltd                                                           | CUSIP: 75049AAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $506791.50    | 0.07%             | 2034-09-25      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust            | Rate Mortgage Trust 2021-J3                                                    | CUSIP: 75409TBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $336234.00    | 0.05%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| RAVEN ACQUISITION HOLDIN       | Raven Acquisition Holdings LLC                                                 | CUSIP: 75420NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $665847.00    | 0.09%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                       | RTX Corp                                                                       | CUSIP: 75513ECW9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    120000 | PA      | $131933.66    | 0.02%             | 2034-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2024-2                                                         | CUSIP: 75525HAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $635544.54    | 0.09%             | 2031-07-15      | Fixed         | 8.83%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2025-2                                                         | CUSIP: 75525QAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1518509.40   | 0.21%             | 2032-08-18      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Regatta 34 Funding Ltd.        | Regatta 34 Funding Ltd                                                         | CUSIP: 75904BAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2027230.00   | 0.28%             | 2038-07-20      | Fixed         | 8.18%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC              | Upbound Group Inc                                                              | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    330000 | PA      | $320210.19    | 0.04%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2024-A                                         | CUSIP: 76041RAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $409861.60    | 0.06%             | 2032-08-20      | Fixed         | 7.28%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2024-A                                         | CUSIP: 76041RAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $259542.15    | 0.04%             | 2032-08-20      | Fixed         | 9.49%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus | Republic Finance Issuance Trust 2021-A                                         | CUSIP: 76042UAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $195881.66    | 0.03%             | 2031-12-22      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor A | Research-Driven Pagaya Motor Trust 2025-5                                      | CUSIP: 76089KAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2992395.60   | 0.42%             | 2034-06-26      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC            | Resideo Funding Inc                                                            | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    320000 | PA      | $327948.16    | 0.05%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                 | Rocket Cos Inc                                                                 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    320000 | PA      | $333753.60    | 0.05%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                 | Rocket Cos Inc                                                                 | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $210142.76    | 0.03%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ROLLER BEARING CO OF AME       | Roller Bearing Co of America Inc                                               | CUSIP: 775631AD6<br>LEI: 254900U9XW6S76H2P167 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166803.37    | 0.02%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                                         | CUSIP: 776743AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    200000 | PA      | $174625.39    | 0.02%             | 2031-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                                    | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    170000 | PA      | $174582.22    | 0.02%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC             | Royalty Pharma PLC                                                             | CUSIP: 78081BAL7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $174332.01    | 0.02%             | 2040-09-02      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-1                                           | CUSIP: 784212AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1445212 | PA      | $1250355.88   | 0.17%             | 2061-07-25      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-2                                           | CUSIP: 78432YAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    544118 | PA      | $471934.33    | 0.07%             | 2061-12-25      | Variable      | 1.94%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners            | SG Residential Mortgage Trust 2021-2                                           | CUSIP: 78432YAF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    910000 | PA      | $685826.05    | 0.10%             | 2061-12-25      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust    | SBNA Auto Receivables Trust 2024-A                                             | CUSIP: 78437PAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1553455.05   | 0.22%             | 2032-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SAFCO Auto Receivables Trust   | SAFCO Auto Receivables Trust 2025-1                                            | CUSIP: 785923AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $988237.40    | 0.14%             | 2030-12-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC       | Saks Global Enterprises LLC                                                    | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |     12500 | PA      | $2906.25      | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC       | Saks Global Enterprises LLC                                                    | CUSIP: 79380MAD7<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |     25000 | PA      | $11000.00     | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SALLY HOLDINGS/SALLY CAP       | Sally Holdings LLC / Sally Capital Inc                                         | CUSIP: 79546VAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $500084.16    | 0.07%             | 2032-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2020-SEQ1                              | CUSIP: 79581PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    121868 | PA      | $119654.38    | 0.02%             | 2050-05-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2023-FIG4                              | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1346760 | PA      | $1377524.27   | 0.19%             | 2053-11-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-LOC5                              | CUSIP: 79581XAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1007036.00   | 0.14%             | 2055-10-25      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2023-FIG3                              | CUSIP: 79582AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    651895 | PA      | $665446.64    | 0.09%             | 2053-08-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-NPL1                              | CUSIP: 79582BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3959608 | PA      | $3968366.43   | 0.55%             | 2030-01-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-NPL1                              | CUSIP: 79582BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502558.00    | 0.07%             | 2030-01-25      | Variable      | 9.05%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg | Saluda Grade Alternative Mortgage Trust 2025-NPL2                              | CUSIP: 79589BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2926835 | PA      | $2945230.23   | 0.41%             | 2030-05-25      | Variable      | 7.77%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin | Santander Bank Auto Credit-Linked Notes Series 2024-A                          | CUSIP: 80290CCN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    213517 | PA      | $217285.42    | 0.03%             | 2032-06-15      | Fixed         | 10.17%                | No            |                  2 | On Loan: No      |
| Sculptor CLO Ltd               | Sculptor CLO XXIX Ltd                                                          | CUSIP: 81124EAW0<br>LEI: 254900GX0OVY3JW8NA67 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3016194.00   | 0.42%             | 2038-07-22      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                | Sealed Air Corp                                                                | CUSIP: 812127AC2<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    270000 | PA      | $279672.75    | 0.04%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                   | Seaspan Corp                                                                   | CUSIP: 81254UAK2<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |    350000 | PA      | $337369.06    | 0.05%             | 2029-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivab | Securitized Term Auto Receivables Trust                                        | CUSIP: 81378RAD6<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |    680008 | PA      | $691841.31    | 0.10%             | 2031-07-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES INC       | Sensata Technologies Inc                                                       | CUSIP: 81728UAB0<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |    360000 | PA      | $334923.62    | 0.05%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2023-4                                                  | CUSIP: 81743JCG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1441053 | PA      | $1240008.46   | 0.17%             | 2053-11-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2023-2                                                  | CUSIP: 81744KCG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1395173 | PA      | $1256501.29   | 0.17%             | 2053-03-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2018-2                                                  | CUSIP: 81746QAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    159421 | PA      | $144334.19    | 0.02%             | 2048-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust         | Sequoia Mortgage Trust 2024-2                                                  | CUSIP: 81749HCF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1426452 | PA      | $1285651.58   | 0.18%             | 2054-03-25      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| SGUS LLC                       | SGUS LLC                                                                       | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     16136 | PA      | $13998.46     | 0.00%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SHELF DRILL HOLD LTD           | Shelf Drilling Holdings Ltd                                                    | CUSIP: 822538AH7<br>LEI: 54930078ZJ3XP4MRYB68 | Long             | DBT              | CORP              | KY        |    480000 | PA      | $505079.04    | 0.07%             | 2029-04-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS       | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    840000 | PA      | $805876.40    | 0.11%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SKOPOS AUTO RECEIVABLES TRUST  | Skopos Auto Receivables Trust 2019-1                                           | CUSIP: 83085DAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     74424 | PA      | $74445.34     | 0.01%             | 2026-06-15      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                  | J M Smucker Co/The                                                             | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    200000 | PA      | $216993.94    | 0.03%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET       | Smyrna Ready Mix Concrete LLC                                                  | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    620000 | PA      | $653346.08    | 0.09%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI       | Standard Building Solutions Inc                                                | CUSIP: 853191AA2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    320000 | PA      | $329283.76    | 0.05%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST        | Starwood Property Trust Inc                                                    | CUSIP: 85571BBG9<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    410000 | PA      | $416298.35    | 0.06%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2022-3                                     | CUSIP: 85571RAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    916567 | PA      | $865454.82    | 0.12%             | 2067-03-25      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2019-INV1                                  | CUSIP: 85572JAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $470594.63    | 0.07%             | 2049-09-27      | Variable      | 3.66%                 | No            |                  2 | On Loan: No      |
| Starwood Residential Mortgage  | STAR 2021-1 Trust                                                              | CUSIP: 85573GAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $527079.60    | 0.07%             | 2065-05-25      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-3                                     | CUSIP: 85573JAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $794049.00    | 0.11%             | 2056-06-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| STENA INTERNATIONAL SA         | Stena International SA                                                         | CUSIP: 85858EAD5<br>LEI: 213800A4LTGG4W55QP46 | Long             | DBT              | CORP              | LU        |    600000 | PA      | $614349.60    | 0.09%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STL HOLDING CO LLC             | STL Holding Co LLC                                                             | CUSIP: 861036AB7<br>LEI: 984500BC2I63E7F48656 | Long             | DBT              | CORP              | US        |    310000 | PA      | $325279.59    | 0.05%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC       | Stonex Escrow Issuer LLC                                                       | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $766280.36    | 0.11%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT          | Stonepeak Nile Parent LLC                                                      | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    320000 | PA      | $338634.15    | 0.05%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STRIKE ACCEPTANCE AUTO FUNDING | Strike Acceptance Auto Funding Trust 2023-1                                    | CUSIP: 862942AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    189148 | PA      | $189899.94    | 0.03%             | 2026-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SUNCOKE ENERGY INC             | SunCoke Energy Inc                                                             | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |    880000 | PA      | $822327.70    | 0.11%             | 2029-06-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                      | Sunoco LP                                                                      | CUSIP: 86765KAE9<br>LEI: 54930001NJU8E40NQ561 | Long             | EP               | CORP              | US        |    330000 | PA      | $335367.45    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Sycamore Tree CLO Ltd          | Sycamore Tree CLO 2024-5 Ltd                                                   | CUSIP: 87122QAA0<br>LEI: 213800TOX9K8OSWW9S26 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4000000.00   | 0.56%             | 2036-04-20      | Floating      | 11.37%                | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                               | CUSIP: 87264ADC6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    165000 | PA      | $174545.38    | 0.02%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                   | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $665402.80    | 0.09%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                           | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    125000 | PA      | $136533.40    | 0.02%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD               | Taseko Mines Ltd                                                               | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    630000 | PA      | $666862.56    | 0.09%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust          | Theorem Funding Trust 2022-2                                                   | CUSIP: 88339FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250171 | PA      | $250529.65    | 0.03%             | 2028-12-15      | Fixed         | 9.27%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2017-6                                               | CUSIP: 89175JAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2127627.00   | 0.30%             | 2057-10-25      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2018-5                                               | CUSIP: 89176VAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1393218.00   | 0.19%             | 2058-07-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2019-1                                               | CUSIP: 89177BAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1582260.00   | 0.22%             | 2058-03-25      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2021-SJ2                                             | CUSIP: 89180LAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1874900.00   | 0.26%             | 2061-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| TRANSMONTAIGNE PARTNERS        | TransMontaigne Partners LLC                                                    | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $324782.35    | 0.05%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TREEHOUSE FOODS INC            | TreeHouse Foods Inc                                                            | CUSIP: 89469AAD6<br>LEI: 5493007M7EVHE470Q576 | Long             | DBT              | CORP              | US        |    710000 | PA      | $694890.42    | 0.10%             | 2028-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes          | Tricon American Homes 2020-SFR1                                                | CUSIP: 89613GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $196085.09    | 0.03%             | 2038-07-17      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd               | Trinitas CLO XXXII Ltd                                                         | CUSIP: 89642NAL0<br>LEI: 254900KN2E57M5580B74 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1503322.50   | 0.21%             | 2038-07-23      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| TRINITY INDUSTRIES INC         | Trinity Industries Inc                                                         | CUSIP: 896522AJ8<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331878.08    | 0.05%             | 2028-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN          | Trivium Packaging Finance BV                                                   | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    310000 | PA      | $323741.50    | 0.05%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| COHERENT CORP                  | Coherent Corp                                                                  | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297080.10    | 0.04%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TX Trust 24-HOU                | TX Trust 2024-HOU                                                              | CUSIP: 90216DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200427.40    | 0.03%             | 2039-06-15      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                | Tyson Foods Inc                                                                | CUSIP: 902494AZ6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174106.42    | 0.02%             | 2034-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                   | CUSIP: 902613BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    325000 | PA      | $342896.23    | 0.05%             | 2035-02-08      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| US FOODS INC                   | US Foods Inc                                                                   | CUSIP: 90290MAH4<br>LEI: 5493000JOOFAOUY1JZ87 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168067.04    | 0.02%             | 2032-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC               | UWM Holdings LLC                                                               | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    610000 | PA      | $609283.86    | 0.08%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| UNISYS CORP                    | Unisys Corp                                                                    | CUSIP: 909214BX5<br>LEI: 549300T21W22FIJJOW08 | Long             | DBT              | CORP              | US        |    480000 | PA      | $510058.81    | 0.07%             | 2031-01-15      | Fixed         | 10.62%                | No            |                  2 | On Loan: No      |
| United Auto Credit Securitizat | United Auto Credit Securitization Trust 2022-1                                 | CUSIP: 90944DAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    529494 | PA      | $527451.69    | 0.07%             | 2028-11-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE          | United Parcel Service Inc                                                      | CUSIP: 911312CE4<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99328.90     | 0.01%             | 2054-05-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America Inc                                               | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128391.88    | 0.02%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $496546.87    | 0.07%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS       | Univision Communications Inc                                                   | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    350000 | PA      | $329269.22    | 0.05%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Upgrade Auto Receivables Trust | Upgrade Auto Receivables Trust 2025-1                                          | CUSIP: 91531AAF1<br>LEI: 254900GMCGPEMKJRNA46 | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $792207.36    | 0.11%             | 2032-04-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Upgrade Master Pass-Thru Trust | Upgrade Master Pass-Thru Trust Series 2025-ST6                                 | CUSIP: 91533QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2984000 | PA      | $2965770.15   | 0.41%             | 2032-10-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2023-1                                            | CUSIP: 91679AAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235988 | PA      | $240974.40    | 0.03%             | 2033-02-20      | Fixed         | 11.10%                | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2021-5                                            | CUSIP: 91679JAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    323068 | PA      | $320742.87    | 0.04%             | 2031-11-20      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Upstart Securitization Trust   | Upstart Securitization Trust 2023-2                                            | CUSIP: 91683VAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1067346.20   | 0.15%             | 2033-06-20      | Fixed         | 11.87%                | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN       | USA Compression Partners LP / USA Compression Finance Corp                     | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    480000 | PA      | $496063.20    | 0.07%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VT TOPCO INC                   | VT Topco Inc                                                                   | CUSIP: 91838PAA9<br>LEI: 5493007T812R37X02Y38 | Long             | DBT              | CORP              | US        |    620000 | PA      | $645414.04    | 0.09%             | 2030-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC | VCAT 2025-NPL1 LLC                                                             | CUSIP: 921962AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    392233 | PA      | $393794.71    | 0.05%             | 2055-01-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                                         | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |   1330000 | PA      | $1244382.31   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                     | CUSIP: 92343VCV4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    280000 | PA      | $261701.71    | 0.04%             | 2036-01-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2025-9                                              | CUSIP: 92490EAM5<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-MBS          | CORP              | US        |   1993000 | PA      | $1996804.64   | 0.28%             | 2070-10-27      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2025-1                                            | CUSIP: 92511BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530000 | PA      | $537160.19    | 0.07%             | 2029-12-17      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2025-1                                            | CUSIP: 92511BAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    530000 | PA      | $544102.66    | 0.08%             | 2032-05-17      | Fixed         | 8.79%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2024-1                                            | CUSIP: 92512WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    680000 | PA      | $696469.33    | 0.10%             | 2028-12-15      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2024-1                                            | CUSIP: 92512WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $518798.50    | 0.07%             | 2031-05-15      | Fixed         | 9.87%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-1                                              | CUSIP: 92537QAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1926000 | PA      | $1434783.33   | 0.20%             | 2066-01-25      | Variable      | 1.97%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-8                                              | CUSIP: 92538GAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1792994.00   | 0.25%             | 2066-11-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-4                                              | CUSIP: 92538HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    576249 | PA      | $478962.24    | 0.07%             | 2066-07-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-6                                              | CUSIP: 92538MAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290000 | PA      | $219282.11    | 0.03%             | 2066-10-25      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-7                                              | CUSIP: 92538QAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $333470.00    | 0.05%             | 2066-10-25      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-3                                              | CUSIP: 92538UAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2022158 | PA      | $1916546.64   | 0.27%             | 2067-02-25      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-3                                              | CUSIP: 92538UAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1196305.50   | 0.17%             | 2067-02-25      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-1                                              | CUSIP: 92538WAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2312985.00   | 0.32%             | 2067-01-25      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-2                                              | CUSIP: 92538XAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3800000 | PA      | $3197209.80   | 0.45%             | 2067-02-25      | Variable      | 4.26%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2023-INV1                                           | CUSIP: 92539FAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126000 | PA      | $126574.43    | 0.02%             | 2068-02-25      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-3                                              | CUSIP: 92539LAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1162570.50   | 0.16%             | 2066-06-25      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2021-3                                              | CUSIP: 92539LAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1257000 | PA      | $940800.39    | 0.13%             | 2066-06-25      | Variable      | 3.96%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2025-4                                              | CUSIP: 92540UAG2<br>LEI: 2138009ZO3B2B5MAHZ49 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1028507.00   | 0.14%             | 2070-05-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD             | Viking Cruises Ltd                                                             | CUSIP: 92676XAH0<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    820000 | PA      | $834097.11    | 0.12%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                 | CUSIP: 927804GT5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173523.73    | 0.02%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2024-CES1                                     | CUSIP: 92839HAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1045287.00   | 0.15%             | 2054-05-25      | Variable      | 10.35%                | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                       | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    310000 | PA      | $325842.86    | 0.05%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                       | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    165000 | PA      | $173219.81    | 0.02%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2024-CES3                                     | CUSIP: 92841WAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1277126.25   | 0.18%             | 2055-01-25      | Variable      | 7.83%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust Series 2024-CES2                              | CUSIP: 92841YAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501991.00    | 0.07%             | 2054-10-25      | Variable      | 5.91%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust Series 2024-CES2                              | CUSIP: 92841YAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1028754.00   | 0.14%             | 2054-10-25      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES2                                     | CUSIP: 92842UAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3049341.00   | 0.42%             | 2055-08-25      | Variable      | 7.06%                 | No            |                  2 | On Loan: No      |
| Vista Point Securitization Tru | Vista Point Securitization Trust 2025-CES2                                     | CUSIP: 92842UAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3100083.00   | 0.43%             | 2055-08-25      | Variable      | 8.15%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                     | VMware LLC                                                                     | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    195000 | PA      | $172487.08    | 0.02%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                  | VoltaGrid LLC                                                                  | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203535.38    | 0.03%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2018-1 Ltd                                                            | CUSIP: 92917AAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    775000 | PA      | $776589.53    | 0.11%             | 2031-04-19      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| WFLD MORTGAGE TRUST            | WFLD 2014-MONT Mortgage Trust                                                  | CUSIP: 92939GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    274736 | PA      | $262303.48    | 0.04%             | 2031-08-10      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| WALKER & DUNLOP INC            | Walker & Dunlop Inc                                                            | CUSIP: 93148PAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $409695.20    | 0.06%             | 2033-04-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC           | Waste Management Inc                                                           | CUSIP: 94106LBW8<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127779.54    | 0.02%             | 2034-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| L Street Securities            | Wells Fargo Credit Risk Transfer Securities Trust 2015                         | CUSIP: 949771AC3<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |     26591 | PA      | $26929.00     | 0.00%             | 2025-11-25      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-VTT                                 | CUSIP: 94990GAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1491784.50   | 0.21%             | 2038-03-15      | Variable      | 6.91%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                               | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    330000 | PA      | $346649.15    | 0.05%             | 2034-07-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2024-1CHI                                | CUSIP: 95003PAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $302007.90    | 0.04%             | 2035-07-15      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2024-1CHI                                | CUSIP: 95003PAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $201264.00    | 0.03%             | 2035-07-15      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                                 | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131771.13    | 0.02%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| WILDFIRE INTERMEDIATE HO       | Wildfire Intermediate Holdings LLC                                             | CUSIP: 96812HAA6<br>LEI: 5493003RHEMQJZEXIR02 | Long             | DBT              | CORP              | US        |    380000 | PA      | $380174.00    | 0.05%             | 2029-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC         | Williams Cos Inc/The                                                           | CUSIP: 969457CP3<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129777.29    | 0.02%             | 2035-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| XPO INC                        | XPO Inc                                                                        | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    160000 | PA      | $167197.66    | 0.02%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP        | Zebra Technologies Corp                                                        | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |    320000 | PA      | $331922.24    | 0.05%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS         | Zimmer Biomet Holdings Inc                                                     | CUSIP: 98956PAV4<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    200000 | PA      | $180578.21    | 0.03%             | 2031-11-24      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 44 Ltd                                                                 | CUSIP: BCC3CWXP9<br>LEI: 254900ADEC5BQFZA7W53 | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1560468.70   | 0.22%             | 2036-01-20      | Floating      | 12.10%                | No            |                  2 | On Loan: No      |
| N/A                            | CDX45IG CDS (BUY PROTECTION)                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |         1 | NC      | $-1863655.29  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-29

**Name of Applicant:** Angel Oak Funds Trust

**Signature:** /s/ Michael Colombo

**Name of Signer:** Michael Colombo

**Title:** Secretary