# EDGAR Filing Document

**Accession Number:** 0001525201
**File Stem:** 0001193125-26-075564
**Filing Date:** 2026-2
**Character Count:** 340172
**Document Hash:** 27cd3a517bc072f373497fee7a238ad4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-075564.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0001193125-26-075564

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DoubleLine Opportunistic Credit Fund
- **CENTRAL INDEX KEY:** 0001525201

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22592
- **FILM NUMBER:** 26685341

**BUSINESS ADDRESS:**
- **STREET 1:** C/O DOUBLELINE CAPITAL LP
- **STREET 2:** 2002 N. TAMPA ST., SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602
- **BUSINESS PHONE:** (813) 791-7333

**MAIL ADDRESS:**
- **STREET 1:** C/O DOUBLELINE CAPITAL LP
- **STREET 2:** 2002 N. TAMPA ST., SUITE 200
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33602

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DoubleLine Strategic Income Fund
- **DATE OF NAME CHANGE:** 20110708

## Nport-Ex

---

| | |
|:---|:---|
| **DoubleLine Opportunistic Credit Fund** | (Unaudited) |
| **Schedule of Investments** | December 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| **ASSET BACKED OBLIGATIONS - 1.0%** | **ASSET BACKED OBLIGATIONS - 1.0%** |  |  |  |
|  | Blue Stream Communications LLC |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2023-1A-C | 8.90 %<sup>(a)</sup> | 05/20/2053 | 510985 |
|  | Compass Datacenters LLC |  |  |  |
| 500000 | &nbsp;&nbsp;&nbsp;Series 2024-1A-B | 7.00 %<sup>(a)</sup> | 02/25/2049 | 510709 |
|  | Jimmy Johns LLC |  |  |  |
| 1097250 | &nbsp;&nbsp;&nbsp;Series 2017-1A-A2II | 4.85 %<sup>(a)</sup> | 07/30/2047 | 1097282 |
|  | Lendingpoint Asset Securitization Trust |  |  |  |
| 265906 | &nbsp;&nbsp;&nbsp;Series 2022-B-B | 5.99 %<sup>(a)</sup> | 10/15/2029 | 265091 |
|  | Sierra Timeshare Conduit Receivables Funding LLC |  |  |  |
| 148125 | &nbsp;&nbsp;&nbsp;Series 2023-2A-D | 9.72 %<sup>(a)</sup> | 04/20/2040 | 156073 |
|  | Upstart Pass-Through Trust Series |  |  |  |
| 1000000 | &nbsp;&nbsp;&nbsp;Series 2021-ST5-CERT | 0.00 %<sup>(a)(b)(c)</sup> | 07/20/2027 | 72130 |
|  | Willis Lease Finance Corp. |  |  |  |
| 404678 | &nbsp;&nbsp;&nbsp;Series 2021-A-C | 7.39 %<sup>(a)</sup> | 05/15/2046 | 398776 |
|  | **Total Asset Backed Obligations (Cost $2,910,535)** |  |  | **3011046** |
| **BANK LOANS - 16.3%** | **BANK LOANS - 16.3%** |  |  |  |
|  | 1261229 BC Ltd. |  |  |  |
| 666650 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.25%, 0.00% Floor) | 9.97% | 10/08/2030 | 652820 |
|  | Acrisure LLC |  |  |  |
| 401329 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00%, 0.00% Floor) | 6.72% | 11/06/2030 | 401518 |
|  | ADMI Corp. |  |  |  |
| 637000 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.75%, 0.00% Floor) | 9.47% | 12/23/2027 | 612475 |
|  | Alera Group, Inc. |  |  |  |
| 458850 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.50% Floor) | 9.22% | 05/31/2033 | 469174 |
|  | Applied Systems, Inc. |  |  |  |
| 170000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 02/23/2032 | 173321 |
|  | Apro LLC |  |  |  |
| 941885 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.68% | 07/09/2031 | 947772 |
|  | Aspire Bakeries Holdings LLC |  |  |  |
| 163350 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.22% | 12/23/2030 | 164494 |
|  | Astra Acquisition Corp. |  |  |  |
| 90390 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 6.75%, 2.00% Floor) | 11.05 %<sup>(d)</sup> | 02/25/2028 | 18982 |
| 144415 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.25%, 2.00% Floor) | 9.55 %<sup>(d)</sup> | 10/25/2028 | 609 |
|  | Asurion LLC |  |  |  |
| 270000 | &nbsp;&nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.36%, 0.00% Floor) | 9.08% | 01/22/2029 | 265912 |
|  | Atlas OpCo LLC |  |  |  |
| 30107 | &nbsp;&nbsp;&nbsp;Senior Secured Term Loan (3 mo. Term SOFR + 6.50%, 2.00% Floor) | 10.63% | 10/24/2030 | 27247 |
|  | Aveanna Healthcare LLC |  |  |  |
| 937650 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 09/17/2032 | 944739 |
|  | Bausch + Lomb Corp. |  |  |  |
| 513800 | &nbsp;&nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 09/29/2028 | 515084 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 620600 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 01/15/2031 | 627892 |
|  | Boxer Parent Co., Inc. |  |  |  |
| 1360000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.00% Floor) | 9.47% | 07/30/2032 | 1314610 |
|  | Brand Industrial Services, Inc. |  |  |  |
| 294122 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.50%, 0.50% Floor) | 8.35% | 08/01/2030 | 268820 |
|  | Cengage Learning, Inc. |  |  |  |
| 71125 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.23% | 03/24/2031 | 71501 |
| 120960 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.32% | 03/24/2031 | 121600 |
|  | Central Parent LLC |  |  |  |
| 198242 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.92% | 07/06/2029 | 168563 |
|  | CommScope LLC |  |  |  |
| 1440000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 2.00% Floor) | 8.67% | 12/17/2029 | 1444579 |
|  | Cornerstone Building Brands, Inc. |  |  |  |
| 133313 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.50% Floor) | 8.25% | 05/15/2031 | 95207 |
|  | Crown Finance US, Inc. |  |  |  |
| 1666514 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 12/02/2031 | 1646724 |
|  | Dexko Global, Inc. |  |  |  |
| 404744 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.01%, 0.50% Floor) | 7.58% | 10/04/2028 | 402592 |
|  | DG Investment Intermediate Holdings 2, Inc. |  |  |  |
| 1005000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 07/29/2033 | 1008769 |
|  | Directv Financing LLC |  |  |  |
| 843512 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.51%, 0.75% Floor) | 9.35% | 08/02/2029 | 847485 |
|  | Eagle Parent Corp. |  |  |  |
| 886228 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 889706 |
| 85692 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 86028 |
| 85692 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 04/02/2029 | 86029 |
|  | Edelman Financial Engines Center LLC |  |  |  |
| 1215000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.00% Floor) | 8.97% | 10/06/2028 | 1215510 |
|  | EG America LLC |  |  |  |
| 602220 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 0.00% Floor) | 7.32% | 02/07/2028 | 605294 |
|  | Eisner Advisory Group LLC |  |  |  |
| 304041 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.72% | 02/28/2031 | 306560 |
|  | Ellucian Holdings, Inc. |  |  |  |
| 180000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 11/22/2032 | 181912 |
|  | Fertitta Entertainment LLC/NV |  |  |  |
| 484924 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.50% Floor) | 6.97% | 01/29/2029 | 485365 |
|  | FinThrive Software Intermediate Holdings, Inc. |  |  |  |
| 23500 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.11%, 0.50% Floor) | 7.84% | 12/18/2028 | 16242 |
| 129250 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.86%, 0.50% Floor) | 10.82% | 12/17/2029 | 76473 |
|  | Flynn America LP |  |  |  |
| 166500 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.61%, 0.50% Floor) | 8.53% | 07/31/2028 | 165667 |
| 166500 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.61%, 0.50% Floor) | 8.53% | 07/31/2028 | 165668 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Gainwell Acquisition Corp. |  |  |  |
| 1400552 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.10%, 0.75% Floor) | 7.77% | 10/01/2027 | 1378493 |
|  | Golden State Foods LLC |  |  |  |
| 83469 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 84096 |
| 302000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 12/04/2031 | 304265 |
|  | Groupe Solmax, Inc. |  |  |  |
| 58981 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.86%, 0.75% Floor) | 8.58% | 07/24/2028 | 48795 |
| 84721 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.86%, 0.75% Floor) | 8.58% | 07/24/2028 | 70089 |
| 58834 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.01%, 0.75% Floor) | 8.68% | 07/24/2028 | 48673 |
| 108254 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.01%, 0.75% Floor) | 9.01% | 07/24/2028 | 89559 |
|  | Hexion Holdings Corp. |  |  |  |
| 1168071 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.50% Floor) | 7.73% | 03/15/2029 | 1129484 |
|  | Husky Injection Molding Systems Ltd. |  |  |  |
| 597581 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.47% | 02/15/2029 | 602852 |
| 597581 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (6 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.59% | 02/15/2029 | 602852 |
|  | INEOS US Finance LLC |  |  |  |
| 945633 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.97% | 02/19/2030 | 769807 |
|  | INEOS US Petrochem LLC |  |  |  |
| 255450 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.35%, 0.00% Floor) | 8.07% | 03/29/2029 | 181369 |
| 784075 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 7.97% | 10/07/2031 | 528761 |
|  | ION Platform Finance US, Inc. |  |  |  |
| 154889 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 145817 |
| 870111 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.42% | 09/30/2032 | 819149 |
|  | LBM Acquisition LLC |  |  |  |
| 696736 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.85%, 0.75% Floor) | 7.58% | 06/06/2031 | 655437 |
|  | Lereta LLC |  |  |  |
| 114443 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.36%, 0.75% Floor) | 9.08% | 08/07/2028 | 105765 |
|  | LifePoint Health, Inc. |  |  |  |
| 69127 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.50%, 1.00% Floor) | 7.33% | 05/19/2031 | 69314 |
| 1183231 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.65% | 05/19/2031 | 1188437 |
|  | MH Sub I LLC |  |  |  |
| 581262 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.97% | 12/31/2031 | 500159 |
|  | Mitchell International, Inc. |  |  |  |
| 985000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 8.50%, 0.00% Floor) | 8.97% | 06/17/2032 | 981183 |
|  | MLN US Holdco Tranche A-2 |  |  |  |
| 2545 | Senior Secured First Lien Term Loan (1 mo. Term SOFR + <br>2.00% + 6.00% PIK, 0.00% Floor) | 5.73% | 06/20/2030 | 1527 |
| 67 | Senior Secured First Lien Term Loan (1 mo. Term SOFR + <br>2.00% + 6.00% PIK, 0.00% Floor) | 5.95% | 06/20/2030 | 41 |
|  | Natgasoline LLC |  |  |  |
| 481831 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 5.50%, 0.00% Floor) | 9.22% | 03/29/2030 | 486849 |
|  | Needle Holdings LLC |  |  |  |
| 250 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (Prime Rate + 8.50%, 0.00% Floor) | 15.25 %<sup>(c)(d)</sup> | 04/28/2028 | 81 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | NEP Group, Inc. |  |  |  |
| 733250 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/17/2031 | 675506 |
|  | Numericable US LLC |  |  |  |
| 742480 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.88%, 0.00% Floor) | 10.86% | 05/15/2031 | 743252 |
|  | OneDigital Borrower LLC |  |  |  |
| 675000 | &nbsp;&nbsp;Senior Secured Second Lien Term Loan (1 mo. Term SOFR + 5.25%, 0.50% Floor) | 8.97% | 07/02/2032 | 682175 |
|  | Ontario Gaming GTA LP |  |  |  |
| 933098 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 8.24% | 08/01/2030 | 865780 |
|  | Par Petroleum LLC |  |  |  |
| 359836 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.25%, 0.00% Floor) | 6.95% | 02/28/2030 | 361711 |
|  | PetSmart LLC |  |  |  |
| 500000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.73% | 08/18/2032 | 498595 |
|  | Polaris Newco LLC |  |  |  |
| 526742 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 3.86%, 0.50% Floor) | 7.85% | 06/05/2028 | 509165 |
|  | Pregis TopCo LLC |  |  |  |
| 1255513 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.72% | 02/01/2029 | 1267509 |
|  | Pretzel Parent T/L B |  |  |  |
| 1243095 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.22% | 10/01/2031 | 1230664 |
|  | Radiology Partners, Inc. |  |  |  |
| 1276800 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 06/30/2032 | 1276104 |
|  | Sabre GLBL, Inc. |  |  |  |
| 1120352 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 6.00%, 0.50% Floor) | 10.02% | 11/15/2029 | 997114 |
|  | Sgh2 LLC |  |  |  |
| 783038 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.17% | 08/18/2032 | 786953 |
|  | Staples, Inc. |  |  |  |
| 172813 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.75%, 0.50% Floor) | 9.60% | 09/10/2029 | 164549 |
|  | StubHub Holdco Sub LLC |  |  |  |
| 663252 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.47% | 03/15/2030 | 658692 |
|  | Team Health Holdings, Inc. |  |  |  |
| 691525 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.50%, 0.00% Floor) | 8.34% | 06/30/2028 | 694713 |
|  | Townsquare Media, Inc. |  |  |  |
| 794686 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 5.00%, 0.00% Floor) | 8.88% | 02/19/2030 | 566214 |
|  | Trident TPI Holdings, Inc. |  |  |  |
| 1278811 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.50% Floor) | 7.42% | 09/18/2028 | 1231508 |
|  | United Natural Foods, Inc. |  |  |  |
| 209468 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.67% | 05/01/2031 | 211249 |
|  | Univision Communications, Inc. |  |  |  |
| 224430 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.50%, 0.50% Floor) | 7.33% | 01/31/2029 | 224256 |
| 527390 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.25%, 0.50% Floor) | 7.92% | 06/25/2029 | 528973 |
|  | Veritiv Operating Co. |  |  |  |
| 763897 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.00%, 0.00% Floor) | 7.67% | 11/29/2030 | 764894 |
|  | Vibrantz Technologies, Inc. |  |  |  |
| 242510 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 4.40%, 0.50% Floor) | 8.33% | 04/23/2029 | 135874 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Victra Holdings LLC |  |  |  |
| 1459148 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.75%, 0.00% Floor) | 7.48% | 03/29/2029 | 1463023 |
|  | Voyager Parent LLC |  |  |  |
| 225000 | &nbsp;&nbsp;Senior Secured Term Loan (1 mo. Term SOFR + 4.25%, 0.00% Floor) | 8.00% | 07/01/2032 | 225443 |
| 874801 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 876525 |
| 142649 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 4.75%, 0.00% Floor) | 8.42% | 07/01/2032 | 142929 |
|  | X Corp. |  |  |  |
| 510000 | &nbsp;&nbsp;Senior Secured First Lien Term Loan | 9.50% | 10/29/2029 | 509179 |
| 1539110 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (3 mo. Term SOFR + 6.65%, 0.50% Floor) | 10.45% | 10/29/2029 | 1515477 |
|  | Zayo Group Holdings, Inc. |  |  |  |
| 3250 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.11% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 3093 |
| 341960 | &nbsp;&nbsp;Senior Secured First Lien Term Loan (1 mo. Term SOFR + 3.00% + 0.50% PIK, 0.00% Floor) | 7.35% | 03/11/2030 | 325485 |
|  | **Total Bank Loans (Cost $49,943,443)** |  |  | **48422401** |
| **COLLATERALIZED LOAN OBLIGATIONS - 15.7%** | **COLLATERALIZED LOAN OBLIGATIONS - 15.7%** |  |  |  |
|  | Allegany Park CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2019-1A-ERR (3 mo. Term SOFR + 6.40%, 6.40% Floor) | 10.28 %<sup>(a)</sup> | 01/20/2035 | 970865 |
|  | Atlas Senior Loan Fund Ltd. |  |  |  |
| 1700000 | &nbsp;&nbsp;Series 2019-14A-D (3 mo. Term SOFR + 4.16%, 3.90% Floor) | 8.05 %<sup>(a)</sup> | 07/20/2032 | 1711399 |
|  | Babson CLO Ltd./Cayman Islands |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2019-2A-D1RR (3 mo. Term SOFR + 2.90%, 2.90% Floor) | 6.80 %<sup>(a)</sup> | 01/15/2038 | 999864 |
|  | Bain Capital Credit CLO |  |  |  |
| 4000000 | &nbsp;&nbsp;Series 2022-5A-DR (3 mo. Term SOFR + 4.25%, 4.25% Floor) | 8.12 %<sup>(a)</sup> | 01/24/2037 | 4032707 |
|  | Blackstone, Inc. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2017-1A-DR (3 mo. Term SOFR + 3.11%, 2.85% Floor) | 7.02 %<sup>(a)</sup> | 10/15/2030 | 501052 |
|  | BlueMountain CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2013-2A-DR (3 mo. Term SOFR + 3.16%, 0.00% Floor) | 7.02 %<sup>(a)</sup> | 10/22/2030 | 1001186 |
|  | Canyon Capital CLO Ltd. |  |  |  |
| 1700000 | &nbsp;&nbsp;Series 2014-1A-CR (3 mo. Term SOFR + 3.01%, 2.75% Floor) | 6.85 %<sup>(a)</sup> | 01/30/2031 | 1709013 |
| 1000000 | &nbsp;&nbsp;Series 2017-1A-DR (3 mo. Term SOFR + 3.26%, 3.00% Floor) | 7.17 %<sup>(a)</sup> | 07/15/2030 | 1003348 |
| 1000000 | &nbsp;&nbsp;Series 2017-1A-E (3 mo. Term SOFR + 6.51%, 0.00% Floor) | 10.42 %<sup>(a)</sup> | 07/15/2030 | 956725 |
| 2250000 | &nbsp;&nbsp;Series 2021-1A-E (3 mo. Term SOFR + 6.67%, 6.41% Floor) | 10.58 %<sup>(a)</sup> | 04/15/2034 | 2136172 |
|  | Canyon CLO |  |  |  |
| 1500000 | &nbsp;&nbsp;Series 2018-1A-E (3 mo. Term SOFR + 6.01%, 5.75% Floor) | 9.92 %<sup>(a)</sup> | 07/15/2031 | 1438018 |
|  | Carlyle Group, Inc. |  |  |  |
| 1500000 | &nbsp;&nbsp;Series 2015-5A-DR (3 mo. Term SOFR + 6.96%, 6.70% Floor) | 10.85 %<sup>(a)</sup> | 01/20/2032 | 1462272 |
|  | Dryden Senior Loan Fund |  |  |  |
| 1500000 | &nbsp;&nbsp;Series 2015-37A-ER (3 mo. Term SOFR + 5.41%, 5.15% Floor) | 9.32 %<sup>(a)</sup> | 01/15/2031 | 1385341 |
| 2000000 | &nbsp;&nbsp;Series 2015-40A-ER (3 mo. Term SOFR + 6.01%, 5.75% Floor) | 9.86 %<sup>(a)</sup> | 08/15/2031 | 1735558 |
|  | Generali |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-4A-D (3 mo. Term SOFR + 2.80%, 2.80% Floor) | 6.77 %<sup>(a)</sup> | 10/20/2038 | 502470 |
|  | GoldenTree Loan Opportunities Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2025-27A-D (3 mo. Term SOFR + 2.60%, 2.60% Floor) | 6.42 %<sup>(a)</sup> | 01/20/2039 | 1007554 |
|  | Highbridge Loan Management Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 11A-17-E (3 mo. Term SOFR + 6.36%, 0.00% Floor) | 10.25 %<sup>(a)</sup> | 05/06/2030 | 768733 |
| 1000000 | &nbsp;&nbsp;Series 2013-2A-CR (3 mo. Term SOFR + 3.16%, 2.90% Floor) | 7.05 %<sup>(a)</sup> | 10/20/2029 | 1000054 |
|  | Katayma CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2024-2A-D (3 mo. Term SOFR + 4.50%, 4.50% Floor) | 8.38 %<sup>(a)</sup> | 04/20/2037 | 1004572 |
|  | LCM LP |  |  |  |
| 2500000 | &nbsp;&nbsp;Series 26A-E (3 mo. Term SOFR + 5.56%, 5.30% Floor) | 9.45 %<sup>(a)</sup> | 01/20/2031 | 1366493 |
|  | Madison Park Funding Ltd. |  |  |  |
| 850000 | &nbsp;&nbsp;Series 2014-14A-ER (3 mo. Term SOFR + 6.06%, 5.80% Floor) | 9.92 %<sup>(a)</sup> | 10/22/2030 | 830187 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Magnetite CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2019-24A-ER (3 mo. Term SOFR + 6.40%, 6.40% Floor) | 10.30 %<sup>(a)</sup> | 04/15/2035 | 1003330 |
| 500000 | &nbsp;&nbsp;Series 2022-33A-DR (3 mo. Term SOFR + 3.00%, 3.00% Floor) | 6.88 %<sup>(a)</sup> | 10/20/2037 | 501954 |
|  | Marble Point CLO |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2021-3A-D1 (3 mo. Term SOFR + 3.76%, 3.50% Floor) | 7.64 %<sup>(a)</sup> | 10/17/2034 | 501021 |
|  | Octagon Investment Partners Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2016-1A-DR (3 mo. Term SOFR + 3.11%, 3.11% Floor) | 7.02 %<sup>(a)</sup> | 07/15/2030 | 1003906 |
| 1000000 | &nbsp;&nbsp;Series 2016-1A-FR (3 mo. Term SOFR + 8.35%, 8.35% Floor) | 12.26 %<sup>(a)</sup> | 07/15/2030 | 38154 |
| 2000000 | &nbsp;&nbsp;Series 2017-1A-SUB | 0.00 %<sup>(a)(b)(c)(e)</sup> | 03/17/2030 | 3462 |
| 900000 | &nbsp;&nbsp;Series 2018-3A-E (3 mo. Term SOFR + 6.01%, 5.75% Floor) | 9.90 %<sup>(a)</sup> | 10/20/2030 | 892500 |
| 1000000 | &nbsp;&nbsp;Series 2019-1A-DR (3 mo. Term SOFR + 3.51%, 3.25% Floor) | 7.42 %<sup>(a)</sup> | 10/15/2034 | 996967 |
|  | RR Ltd./Cayman Islands |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2017-2A-DR (3 mo. Term SOFR + 6.06%, 5.80% Floor) | 9.97 %<sup>(a)</sup> | 04/15/2036 | 491694 |
|  | Sound Point CLO Ltd. |  |  |  |
| 2500000 | &nbsp;&nbsp;Series 2019-2A-DR (3 mo. Term SOFR + 3.56%, 3.30% Floor) | 7.47 %<sup>(a)</sup> | 07/15/2034 | 2501398 |
| 2000000 | &nbsp;&nbsp;Series 2020-1A-DR (3 mo. Term SOFR + 3.61%, 3.61% Floor) | 7.50 %<sup>(a)</sup> | 07/20/2034 | 2001571 |
| 2000000 | &nbsp;&nbsp;Series 2021-1A-D (3 mo. Term SOFR + 3.76%, 3.76% Floor) | 7.62 %<sup>(a)</sup> | 04/25/2034 | 2002144 |
|  | Venture CDO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2017-30A-C (3 mo. Term SOFR + 2.21%, 0.00% Floor) | 6.12 %<sup>(a)</sup> | 01/15/2031 | 501682 |
|  | Vibrant CLO Ltd. |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2024-4RA-D1 (3 mo. Term SOFR + 3.75%, 3.75% Floor) | 7.63 %<sup>(a)</sup> | 10/20/2037 | 503233 |
|  | Vibrant Clo X Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2018-10RA-C1 (3 mo. Term SOFR + 5.00%, 5.00% Floor) | 8.88 %<sup>(a)</sup> | 04/20/2036 | 1005754 |
|  | Voya CLO Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2020-1A-DRR (3 mo. Term SOFR + 2.95%, 2.95% Floor) | 6.84 %<sup>(a)</sup> | 07/16/2034 | 1006424 |
|  | Wind River CLO Ltd. |  |  |  |
| 2500000 | &nbsp;&nbsp;Series 2014-2A-ER (3 mo. Term SOFR + 6.01%, 5.75% Floor) | 9.92 %<sup>(a)</sup> | 01/15/2031 | 2243514 |
| 1000000 | &nbsp;&nbsp;Series 2014-3A-DR2 (3 mo. Term SOFR + 3.66%, 3.40% Floor) | 7.52 %<sup>(a)</sup> | 10/22/2031 | 1005542 |
| 1000000 | &nbsp;&nbsp;Series 2021-3A-D1AR (3 mo. Term SOFR + 3.00%, 3.00% Floor) | 6.88 %<sup>(a)</sup> | 04/20/2038 | 1001783 |
|  | **Total Collateralized Loan Obligations (Cost $49,463,948)** |  |  | **46729616** |
| **FOREIGN CORPORATE BONDS - 3.0%** | **FOREIGN CORPORATE BONDS - 3.0%** |  |  |  |
| 350000 | AL Candelaria Spain SA | 5.75% | 06/15/2033 | 310851 |
| 115454 | Autopistas del Sol SA/Costa Rica | 7.38% | 12/30/2030 | 116192 |
| 200000 | Avianca Midco 2 PLC | 9.63% | 02/14/2030 | 200820 |
| 200000 | Banco Davivienda SA<br> (10 yr. CMT Rate + 5.10%) | 6.65 %<sup>(f)</sup> | 04/22/2031 | 189965 |
| 200000 | Banco Davivienda SA<br> (5 yr. CMT Rate + 4.59%) | 8.13 %<sup>(a)</sup> | 07/02/2035 | 209976 |
| 200000 | Banco Latinoamericano de Comercio Exterior SA (5 yr. CMT Rate + 3.74%) | 7.50 %<sup>(a)(f)</sup> | 09/17/2032 | 204798 |
| 200000 | BRF SA | 5.75% | 09/21/2050 | 168189 |
| 400000 | CAP SA | 3.90% | 04/27/2031 | 327370 |
| 300000 | Cosan Overseas Ltd. | 8.25 %<sup>(f)</sup> | 02/05/2026 | 303525 |
| 400000 | CSN Resources SA | 5.88% | 04/08/2032 | 315490 |
| 200000 | Eldorado International. Finance GmbH | 8.50 %<sup>(a)</sup> | 12/01/2032 | 206440 |
| 202000 | Fideicomiso Irrevocable de Administracion y Fuente de Pago Numero CIB/4323 <br>(11.00% Cash + 2.00% PIK) | 11.00 %<sup>(a)(d)</sup> | 09/12/2030 | 56055 |
| 160900 | Fideicomiso PA Pacifico Tres | 8.25% | 01/15/2035 | 168945 |
| 200000 | FS Luxembourg Sarl | 8.63 %<sup>(a)</sup> | 06/25/2033 | 206350 |
| 235000 | Garda World Security Corp. | 8.25 %<sup>(a)</sup> | 08/01/2032 | 239778 |
| 235000 | Global Aircraft Leasing Co. Ltd. | 8.75 %<sup>(a)</sup> | 09/01/2027 | 244000 |
| 230000 | Husky Injection Molding Systems Ltd. / Titan Co.-Borrower LLC | 9.00 %<sup>(a)</sup> | 02/15/2029 | 241495 |
| 250000 | Indika Energy Tbk PT | 8.75% | 05/07/2029 | 247797 |
| 140000 | Kronos Acquisition Holdings, Inc. | 8.25 %<sup>(a)</sup> | 06/30/2031 | 92575 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 200000 | Mongolian Mining Corp. | 8.44% | 04/03/2030 | 202876 |
| 200000 | Motion Finco Sarl | 8.38 %<sup>(a)</sup> | 02/15/2032 | 179779 |
| 300000 | Movida Europe SA | 7.85% | 04/11/2029 | 283770 |
| 100000 | Ontario Gaming GTA LP/OTG Co.-Issuer, Inc. | 8.00 %<sup>(a)</sup> | 08/01/2030 | 94895 |
| 600000 | Orbia Advance Corp. SAB de CV | 5.50% | 01/15/2048 | 434179 |
| 40000 | Pampa Energia SA | 7.75 %<sup>(a)</sup> | 11/14/2037 | 39680 |
| 400000 | Prosus NV | 3.83% | 02/08/2051 | 266687 |
| 135087 | Prumo Participacoes e Investimentos S/A | 7.50% | 12/31/2031 | 138693 |
| 400000 | Raizen Fuels Finance SA | 6.95% | 03/05/2054 | 305300 |
| 200000 | Saavi Energia Sarl | 8.88 %<sup>(a)</sup> | 02/10/2035 | 217160 |
| 200000 | Saavi Energia Sarl | 8.88% | 02/10/2035 | 217160 |
| 200000 | Sasol Financing USA LLC | 5.50% | 03/18/2031 | 169955 |
| 200000 | SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development | 9.00 %<sup>(a)</sup> | 11/14/2030 | 190300 |
| 450000 | Simpar Europe SA | 5.20% | 01/26/2031 | 362812 |
| 167431 | TransJamaican Highway Ltd. | 5.75% | 10/10/2036 | 156017 |
| 62116 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(d)</sup> | 12/31/2027 | 35717 |
| 44227 | Unigel Luxembourg SA<br> (13.50% Cash or 15.00% PIK) | 13.50 %<sup>(a)(d)</sup> | 12/31/2027 | 25430 |
| 222252 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(d)</sup> | 12/31/2028 | 15558 |
| 51684 | Unigel Luxembourg SA<br> (11.00% Cash or 12.00% PIK) | 11.00 %<sup>(a)(d)</sup> | 12/31/2028 | 3618 |
| 262806 | Unigel Netherlands Holding Corp. BV<br> (15.00% Cash or 15.00% PIK) | 15.00 %<sup>(d)</sup> | 12/31/2044 | 8541 |
| 400000 | Vamos Europe SA | 9.20 %<sup>(a)</sup> | 01/26/2031 | 382400 |
| 400000 | Vedanta Resources Finance II PLC | 9.13 %<sup>(a)</sup> | 10/15/2032 | 403538 |
| 240000 | Vista Energy Argentina SAU | 8.50 %<sup>(a)</sup> | 06/10/2033 | 246900 |
| 300000 | Volcan Cia Minera SAA | 8.50 %<sup>(a)</sup> | 10/28/2032 | 309189 |
| 200000 | Yinson Bergenia Production BV | 8.50 %<sup>(a)</sup> | 01/31/2045 | 209925 |
|  | **Total Foreign Corporate Bonds (Cost $9,243,191)** |  |  | **8950690** |
| **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.4%** | **FOREIGN GOVERNMENT BONDS, FOREIGN AGENCIES AND FOREIGN GOVERNMENT SPONSORED CORPORATIONS - 1.4%** |
| 450000 | Brazilian Government International Bond | 4.75% | 01/14/2050 | 328725 |
| 400000 | Chile Government International Bond | 3.10% | 01/22/2061 | 248800 |
| 300000 | Colombia Government International Bond | 5.00% | 06/15/2045 | 219225 |
| 200000 | Comision Federal de Electricidad | 4.68% | 02/09/2051 | 151078 |
| 350000 | Corp. Nacional del Cobre de Chile | 3.15% | 01/15/2051 | 228665 |
| 250000 | Ecopetrol SA | 5.88% | 05/28/2045 | 186214 |
| 250000 | Ecopetrol SA | 5.88% | 11/02/2051 | 180529 |
| 200000 | Empresa de Transmision Electrica SA | 5.13% | 05/02/2049 | 154581 |
| 500000 | Mexico Government International Bond | 3.77% | 05/24/2061 | 309625 |
| 200000 | Mexico Government International Bond | 3.75% | 04/19/2071 | 118550 |
| 400000 | Morocco Government International Bond | 4.00% | 12/15/2050 | 292869 |
| 300000 | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | 4.00% | 06/30/2050 | 222806 |
| 550000 | Peruvian Government International Bond | 2.78% | 12/01/2060 | 299970 |
| 400000 | Petroleos del Peru SA | 5.63% | 06/19/2047 | 254679 |
| 700000 | Petroleos Mexicanos | 6.38% | 01/23/2045 | 566039 |
| 193333 | Port Of Spain Waterfront Development | 7.88 %<sup>(a)</sup> | 02/19/2040 | 193334 |
| 193333 | Port Of Spain Waterfront Development | 7.88% | 02/19/2040 | 193333 |
| 200000 | YPF SA | 7.00% | 12/15/2047 | 176412 |
|  | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $4,639,596)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $4,639,596)** | **Total Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations (Cost $4,639,596)** | **4325434** |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 24.5%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 24.5%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 24.5%** | **NON-AGENCY COMMERCIAL MORTGAGE BACKED OBLIGATIONS - 24.5%** |  |
|  | 1345 Trust |  |  |  |
| 620000 | &nbsp;&nbsp;Series 2025-AOA-D (1 mo. Term SOFR + 3.00%, 3.00% Floor) | 6.75 %<sup>(a)</sup> | 06/15/2042 | 622861 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | AG Trust |  |  |  |
| 632000 | &nbsp;&nbsp;Series 2024-NLP-B (1 mo. Term SOFR + 2.76%, 2.76% Floor) | 6.51 %<sup>(a)</sup> | 08/15/2041 | 636567 |
|  | Arbor Realty Trust, Inc. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2022-FL1-C (30 day avg SOFR US + 2.30%, 2.30% Floor) | 6.28 %<sup>(a)</sup> | 01/15/2037 | 1003650 |
|  | ARDN Mortgage Trust |  |  |  |
| 650000 | &nbsp;&nbsp;Series 2025-ARCP-E (1 mo. Term SOFR + 4.50%, 4.50% Floor) | 8.25 %<sup>(a)</sup> | 06/15/2035 | 652640 |
|  | AREIT Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2024-CRE9-B (1 mo. Term SOFR + 2.54%, 2.54% Floor) | 6.29 %<sup>(a)</sup> | 05/17/2041 | 1000767 |
|  | AREIT Trust |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2023-CRE8-B (1 mo. Term SOFR + 3.32%, 3.32% Floor) | 7.06 %<sup>(a)</sup> | 08/17/2041 | 1002456 |
| 200000 | &nbsp;&nbsp;Series 2023-CRE8-D (1 mo. Term SOFR + 5.37%, 5.37% Floor) | 9.10 %<sup>(a)</sup> | 08/17/2041 | 200767 |
| 930000 | &nbsp;&nbsp;Series 2025-CRE10-D (1 mo. Term SOFR + 2.79%, 2.79% Floor) | 6.75 %<sup>(a)</sup> | 01/17/2030 | 924757 |
|  | BANK |  |  |  |
| 5843520 | &nbsp;&nbsp;Series 2020-BN26-XF | 1.50 %<sup>(a)(g)</sup> | 03/15/2063 | 298657 |
| 2540000 | &nbsp;&nbsp;Series 2025-BNK51-XD | 2.13 %<sup>(a)(e)(g)</sup> | 12/25/2067 | 417914 |
|  | BANK5 Trust |  |  |  |
| 64020367 | &nbsp;&nbsp;Series 2023-5YR1-XA | 0.27 %<sup>(e)(g)</sup> | 04/15/2056 | 350768 |
| 18014884 | &nbsp;&nbsp;Series 2023-5YR4-XA | 1.00 %<sup>(e)(g)</sup> | 12/15/2056 | 439954 |
| 15514000 | &nbsp;&nbsp;Series 2025-5YR17-XD | 1.81 %<sup>(a)(e)(g)</sup> | 11/15/2058 | 1237117 |
|  | BBCMS Trust |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-5C34-D | 4.25 %<sup>(a)</sup> | 05/15/2058 | 440222 |
|  | BDS Ltd. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2024-FL13-C (1 mo. Term SOFR + 2.59%, 2.59% Floor) | 6.32 %<sup>(a)</sup> | 09/19/2039 | 1002152 |
| 1260000 | &nbsp;&nbsp;Series 2025-FL15-D (1 mo. Term SOFR + 2.40%, 2.40% Floor) | 6.13 %<sup>(a)</sup> | 03/19/2043 | 1265438 |
|  | Beast Mortgage Trust |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-1818-G (1 mo. Term SOFR + 6.11%, 6.25% Floor) | 9.87 %<sup>(a)</sup> | 03/15/2036 | 45466 |
|  | Benchmark Mortgage Trust |  |  |  |
| 11573687 | &nbsp;&nbsp;Series 2018-B1-XA | 0.52 %<sup>(e)(g)</sup> | 01/15/2051 | 114326 |
| 1398000 | &nbsp;&nbsp;Series 2018-B4-D | 2.76 %<sup>(a)(e)</sup> | 07/15/2051 | 1092249 |
| 1000000 | &nbsp;&nbsp;Series 2024-V10-D | 4.50 %<sup>(a)</sup> | 09/15/2057 | 920862 |
| 720000 | &nbsp;&nbsp;Series 2025-V16-D | 4.50 %<sup>(a)</sup> | 08/15/2058 | 618503 |
|  | Blackstone Mortgage Trust, Inc. |  |  |  |
| 298846 | &nbsp;&nbsp;Series 2021-FL4-A (1 mo. Term SOFR + 1.16%, 1.05% Floor) | 4.90 %<sup>(a)</sup> | 05/15/2038 | 298518 |
|  | BMO Mortgage Trust |  |  |  |
| 13368000 | &nbsp;&nbsp;Series 2025-5C12-XD | 2.06 %<sup>(a)(e)(g)</sup> | 10/15/2058 | 1205183 |
| 1089000 | &nbsp;&nbsp;Series 2025-C11-D | 4.50 %<sup>(a)</sup> | 02/15/2058 | 862656 |
|  | Bombardier Capital Mortgage Securitization Corp. |  |  |  |
| 1268000 | &nbsp;&nbsp;Series 2025-5C6-D | 4.25 %<sup>(a)</sup> | 10/15/2058 | 1115003 |
|  | BrightSpire Capital, Inc. |  |  |  |
| 1200000 | &nbsp;&nbsp;Series 2021-FL1-D (1 mo. Term SOFR + 2.81%, 2.70% Floor) | 6.55 %<sup>(a)</sup> | 08/19/2038 | 1204322 |
| 1064000 | &nbsp;&nbsp;Series 2024-FL2-C (1 mo. Term SOFR + 3.54%, 3.54% Floor) | 7.27 %<sup>(a)</sup> | 08/19/2037 | 1063222 |
|  | BSPRT Co.-Issuer LLC |  |  |  |
| 1400000 | &nbsp;&nbsp;Series 2023-FL10-AS (1 mo. Term SOFR + 2.86%, 2.86% Floor) | 6.61 %<sup>(a)</sup> | 09/15/2035 | 1404413 |
| 600000 | &nbsp;&nbsp;Series 2025-FL12-D (1 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.43 %<sup>(a)</sup> | 01/17/2043 | 602119 |
|  | BX Trust |  |  |  |
| 840000 | &nbsp;&nbsp;Series 2019-OC11-E | 3.94 %<sup>(a)(e)</sup> | 12/09/2041 | 776545 |
| 840000 | &nbsp;&nbsp;Series 2021-VIEW-C (1 mo. Term SOFR + 2.46%, 2.35% Floor) | 6.21 %<sup>(a)</sup> | 06/15/2036 | 839717 |
| 496183 | &nbsp;&nbsp;Series 2024-AIRC-C (1 mo. Term SOFR + 2.59%, 2.59% Floor) | 6.34 %<sup>(a)</sup> | 08/15/2041 | 500817 |
| 603719 | &nbsp;&nbsp;Series 2025-BCAT-D (1 mo. Term SOFR + 2.65%, 2.65% Floor) | 6.40 %<sup>(a)</sup> | 08/15/2042 | 606749 |
| 719021 | &nbsp;&nbsp;Series 2025-LUNR-E (1 mo. Term SOFR + 3.95%, 3.95% Floor) | 7.70 %<sup>(a)</sup> | 06/15/2040 | 723773 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 936348 | &nbsp;&nbsp;Series 2025-ROIC-E (1 mo. Term SOFR + 2.94%, 2.94% Floor) | 6.69 %<sup>(a)</sup> | 03/15/2030 | 933554 |
|  | Citigroup/Deutsche Bank Commercial Mortgage Trust |  |  |  |
| 12773492 | &nbsp;&nbsp;Series 2017-CD6-XA | 0.89 %<sup>(e)(g)</sup> | 11/13/2050 | 147318 |
|  | Commercial Mortgage Pass Through Certificates |  |  |  |
| 21556532 | &nbsp;&nbsp;Series 2014-UBS3-XC | 1.09 %<sup>(a)(e)(g)</sup> | 06/10/2047 | 216 |
| 1288300 | &nbsp;&nbsp;Series 2014-UBS4-F | 3.75 %<sup>(a)(c)</sup> | 08/10/2047 | 143 |
| 555279 | &nbsp;&nbsp;Series 2014-UBS4-G | 3.75 %<sup>(a)(c)</sup> | 08/10/2047 | 138 |
| 5000 | &nbsp;&nbsp;Series 2014-UBS4-V | 0.00 %<sup>(a)(c)(e)</sup> | 08/10/2047 |  |
| 27394000 | &nbsp;&nbsp;Series 2015-CR23-XD | 0.95 %<sup>(a)(e)(g)</sup> | 05/10/2048 | 21649 |
| 5297000 | &nbsp;&nbsp;Series 2015-CR26-XD | 1.36 %<sup>(a)(e)(g)</sup> | 10/10/2048 | 53 |
|  | Computershare Corporate Trust |  |  |  |
| 20099681 | &nbsp;&nbsp;Series 2015-C28-XF | 1.13 %<sup>(a)(e)(g)</sup> | 05/15/2048 | 47550 |
| 138315 | &nbsp;&nbsp;Series 2015-NXS4-D | 3.91 %<sup>(e)</sup> | 12/15/2048 | 135965 |
| 1000000 | &nbsp;&nbsp;Series 2016-LC24-C | 4.41 %<sup>(e)</sup> | 10/15/2049 | 937911 |
| 43267287 | &nbsp;&nbsp;Series 2018-C43-XA | 0.57 %<sup>(e)(g)</sup> | 03/15/2051 | 475897 |
| 1569000 | &nbsp;&nbsp;Series 2019-C50-D | 3.00 %<sup>(a)</sup> | 05/15/2052 | 1321215 |
|  | CSAIL Commercial Mortgage Trust |  |  |  |
| 148220 | &nbsp;&nbsp;Series 2016-C5-C | 4.40 %<sup>(e)</sup> | 11/15/2048 | 147655 |
| 2447179 | &nbsp;&nbsp;Series 2016-C6-XA | 1.75 %<sup>(e)(g)</sup> | 01/15/2049 | 24 |
| 2000000 | &nbsp;&nbsp;Series 2018-CX12-C | 4.72 %<sup>(e)</sup> | 08/15/2051 | 1865953 |
|  | DOLP Trust |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-NYC-F | 3.70 %<sup>(a)(e)</sup> | 05/10/2041 | 780810 |
|  | FIVE Mortgage Trust |  |  |  |
| 583000 | &nbsp;&nbsp;Series 2023-V1-E | 6.35 %<sup>(a)(e)</sup> | 02/10/2056 | 548588 |
|  | FS Rialto |  |  |  |
| 1199000 | &nbsp;&nbsp;Series 2021-FL3-D (1 mo. Term SOFR + 2.61%, 2.61% Floor) | 6.35 %<sup>(a)</sup> | 11/16/2036 | 1203427 |
| 1200000 | &nbsp;&nbsp;Series 2024-FL9-D (1 mo. Term SOFR + 3.94%, 3.94% Floor) | 7.67 %<sup>(a)</sup> | 10/19/2039 | 1195465 |
| 1140000 | &nbsp;&nbsp;Series 2025-FL10-D (1 mo. Term SOFR + 2.70%, 2.70% Floor) | 6.43 %<sup>(a)</sup> | 08/19/2042 | 1126294 |
|  | Granite Point Mortgage Trust, Inc. |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-FL4-B (1 mo. Term SOFR + 2.06%, 1.95% Floor) | 5.80 %<sup>(a)</sup> | 12/15/2036 | 995592 |
|  | Great Wolf Trust |  |  |  |
| 1500000 | &nbsp;&nbsp;Series 2024-WLF2-E (1 mo. Term SOFR + 3.64%) | 7.39 %<sup>(a)</sup> | 05/15/2041 | 1509781 |
|  | Greystone Commercial Real Estate Notes |  |  |  |
| 800000 | &nbsp;&nbsp;Series 2021-FL3-C (1 mo. Term SOFR + 2.11%, 2.00% Floor) | 5.86 %<sup>(a)</sup> | 07/15/2039 | 801611 |
| 1000000 | &nbsp;&nbsp;Series 2021-FL3-D (1 mo. Term SOFR + 2.31%, 2.20% Floor) | 6.06 %<sup>(a)</sup> | 07/15/2039 | 1002973 |
| 1100000 | &nbsp;&nbsp;Series 2021-FL3-E (1 mo. Term SOFR + 2.86%, 2.75% Floor) | 6.61 %<sup>(a)</sup> | 07/15/2039 | 1103677 |
| 880000 | &nbsp;&nbsp;Series 2025-FL4-C (1 mo. Term SOFR + 2.89%, 2.89% Floor) | 6.64 %<sup>(a)</sup> | 01/15/2043 | 883729 |
|  | GS Mortgage Securities Corp. II |  |  |  |
| 620000 | &nbsp;&nbsp;Series 2014-GC26-D | 4.40 %<sup>(a)(e)</sup> | 11/10/2047 | 254194 |
| 734722 | &nbsp;&nbsp;Series 2015-GC28-D | 4.42 %<sup>(a)(e)</sup> | 02/10/2048 | 704265 |
| 73672477 | &nbsp;&nbsp;Series 2018-GS9-XA | 0.41 %<sup>(e)(g)</sup> | 03/10/2051 | 527399 |
|  | HGI CRE CLO Ltd. |  |  |  |
| 568647 | &nbsp;&nbsp;Series 2021-FL2-D (1 mo. Term SOFR + 2.26%, 2.26% Floor) | 6.00 %<sup>(a)</sup> | 09/17/2036 | 570190 |
| 1000000 | &nbsp;&nbsp;Series 2022-FL3-B (30 day avg SOFR US + 2.60%, 2.60% Floor) | 6.57 %<sup>(a)</sup> | 04/20/2037 | 1002492 |
|  | JP Morgan Chase Commercial Mortgage Securities |  |  |  |
| 1153000 | &nbsp;&nbsp;Series 2019-MFP-G (1 mo. Term SOFR + 4.10%, 4.05% Floor) | 7.85 %<sup>(a)</sup> | 07/15/2036 | 386255 |
| 1153000 | &nbsp;&nbsp;Series 2019-MFP-XG | 0.50 %<sup>(a)(e)(g)</sup> | 07/15/2036 | 8049 |
| 1040000 | &nbsp;&nbsp;Series 2019-UES-B | 4.14 %<sup>(a)</sup> | 05/05/2032 | 1030110 |
|  | JPMBB Commercial Mortgage Securities Trust |  |  |  |
| 8212634 | &nbsp;&nbsp;Series 2013-C14-XC | 0.44 %<sup>(a)(e)(g)</sup> | 08/15/2046 | 35579 |
| 1644636 | &nbsp;&nbsp;Series 2014-C19-NR (30 day avg SOFR US) | 3.75 %<sup>(a)(c)(e)</sup> | 04/15/2047 | 657854 |
| 500000 | &nbsp;&nbsp;Series 2015-C27-D | 3.81 %<sup>(a)(e)</sup> | 02/15/2048 | 105000 |
| 10827635 | &nbsp;&nbsp;Series 2015-C29-XE | 0.38 %<sup>(a)(e)(g)</sup> | 05/15/2048 | 108 |
| 16358000 | &nbsp;&nbsp;Series 2015-C32-XD | 0.50 %<sup>(a)(e)(g)</sup> | 11/15/2048 | 164 |
|  | KKR Industrial Portfolio Trust |  |  |  |
| 600000 | &nbsp;&nbsp;Series 2024-1-C (1 mo. Term SOFR + 2.84%, 2.84% Floor) | 6.59 %<sup>(a)</sup> | 08/15/2041 | 601340 |
|  | KREF |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-FL2-C (1 mo. Term SOFR + 2.11%, 2.00% Floor) | 5.85 %<sup>(a)</sup> | 02/15/2039 | 992230 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | LoanCore |  |  |  |
| 650000 | &nbsp;&nbsp;Series 2025-CRE8-D (1 mo. Term SOFR + 2.74%, 2.74% Floor) | 6.48 %<sup>(a)</sup> | 08/17/2042 | 646247 |
|  | LSTAR Commercial Mortgage Trust |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2017-5-C | 4.68 %<sup>(a)(e)</sup> | 03/10/2050 | 936241 |
|  | Lument Finance Trust, Inc. |  |  |  |
| 1210000 | &nbsp;&nbsp;Series 2025-FL3-D (1 mo. Term SOFR + 3.60%, 3.60% Floor) | 7.60 %<sup>(a)</sup> | 07/21/2043 | 1213014 |
|  | MF1 Multifamily Housing Mortgage Loan Trust |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2021-FL7-E (1 mo. Term SOFR + 2.91%, 2.80% Floor) | 6.65 %<sup>(a)</sup> | 10/16/2036 | 986942 |
| 1000000 | &nbsp;&nbsp;Series 2024-FL14-C (1 mo. Term SOFR + 3.29%, 3.29% Floor) | 7.02 %<sup>(a)</sup> | 03/19/2039 | 1004607 |
| 1000000 | &nbsp;&nbsp;Series 2024-FL15-C (1 mo. Term SOFR + 2.94%, 2.94% Floor) | 6.67 %<sup>(a)</sup> | 08/18/2041 | 1003342 |
| 1240000 | &nbsp;&nbsp;Series 2024-FL16-D (1 mo. Term SOFR + 3.59%, 3.59% Floor) | 7.32 %<sup>(a)</sup> | 11/18/2039 | 1232972 |
| 690000 | &nbsp;&nbsp;Series 2025-FL17-D (1 mo. Term SOFR + 2.74%, 2.74% Floor) | 6.48 %<sup>(a)</sup> | 02/18/2040 | 692818 |
| 1250000 | &nbsp;&nbsp;Series 2025-FL19-C (1 mo. Term SOFR + 2.84%, 2.84% Floor) | 6.58 %<sup>(a)</sup> | 05/18/2042 | 1254650 |
|  | Morgan Stanley Bank of America Merrill Lynch Trust |  |  |  |
| 839922 | &nbsp;&nbsp;Series 2012-CKSV-A2 | 3.28 %<sup>(a)</sup> | 10/15/2030 | 809256 |
|  | Natixis Commercial Mortgage Securities Trust |  |  |  |
| 370000 | &nbsp;&nbsp;Series 2019-10K-E | 4.13 %<sup>(a)(e)</sup> | 05/15/2039 | 344860 |
|  | PFP III Ltd. |  |  |  |
| 995530 | &nbsp;&nbsp;Series 2024-11-B (1 mo. Term SOFR + 2.49%, 2.49% Floor) | 6.27 %<sup>(a)</sup> | 09/17/2039 | 997699 |
| 1250000 | &nbsp;&nbsp;Series 2025-12-C (1 mo. Term SOFR + 2.54%, 2.54% Floor) | 6.28 %<sup>(a)</sup> | 12/18/2042 | 1250796 |
|  | Ready Capital Corp. |  |  |  |
| 1250000 | &nbsp;&nbsp;Series 2023-FL11-B (1 mo. Term SOFR + 3.53%, 3.53% Floor) | 7.26 %<sup>(a)</sup> | 10/25/2039 | 1257336 |
| 1000000 | &nbsp;&nbsp;Series 2023-FL12-C (1 mo. Term SOFR + 4.55%, 4.55% Floor) | 8.28 %<sup>(a)</sup> | 05/25/2038 | 1003567 |
|  | ROCK Trust |  |  |  |
| 319000 | &nbsp;&nbsp;Series 2024-CNTR-D | 7.11 %<sup>(a)</sup> | 11/13/2041 | 334831 |
|  | Starwood Property Trust, Inc. |  |  |  |
| 1200000 | &nbsp;&nbsp;Series 2021-FL2-C (1 mo. Term SOFR + 2.21%, 2.10% Floor) | 5.95 %<sup>(a)</sup> | 04/18/2038 | 1203062 |
| 2500000 | &nbsp;&nbsp;Series 2022-FL3-B (30 day avg SOFR US + 1.95%, 1.95% Floor) | 5.93 %<sup>(a)</sup> | 11/15/2038 | 2506437 |
|  | TPG Real Estate Finance Issuer Ltd. |  |  |  |
| 758000 | &nbsp;&nbsp;Series 2022-FL5-AS (1 mo. Term SOFR + 2.15%, 2.15% Floor) | 5.89 %<sup>(a)</sup> | 02/15/2039 | 758412 |
| 1100000 | &nbsp;&nbsp;Series 2022-FL5-B (1 mo. Term SOFR + 2.45%, 2.45% Floor) | 6.19 %<sup>(a)</sup> | 02/15/2039 | 1098572 |
|  | UBS Commercial Mortgage Trust |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2018-C12-C | 5.01 %<sup>(e)</sup> | 08/15/2051 | 915512 |
|  | UBS-Barclays Commercial Mortgage Trust |  |  |  |
| 1350000 | &nbsp;&nbsp;Series 2013-C5-C | 3.72 %<sup>(a)(e)</sup> | 03/10/2046 | 1263867 |
|  | WHARF Trust |  |  |  |
| 630000 | &nbsp;&nbsp;Series 2025-DC-E | 7.72 %<sup>(a)(e)</sup> | 07/15/2040 | 645872 |
|  | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $84,210,340)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $84,210,340)** | **Total Non-Agency Commercial Mortgage Backed Obligations (Cost $84,210,340)** | **72914459** |
| **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 23.5%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 23.5%** | **NON-AGENCY RESIDENTIAL COLLATERALIZED MORTGAGE OBLIGATIONS - 23.5%** |  |  |
|  | Banco Santander SA |  |  |  |
| 1064000 | &nbsp;&nbsp;Series 2025-NQM5-B2 | 7.24 %<sup>(a)(e)</sup> | 08/25/2065 | 1048449 |
| 1000000 | &nbsp;&nbsp;Series 2025-NQM6-B1 | 6.82 %<sup>(a)(e)</sup> | 11/25/2065 | 1001807 |
|  | Barclays PLC |  |  |  |
| 8058323 | &nbsp;&nbsp;Series 2007-AB1-A5 | 4.46 %<sup>(h)</sup> | 03/25/2037 | 2922465 |
| 458859 | &nbsp;&nbsp;Series 2010-RR6-6A2 | 5.75 %<sup>(a)(e)</sup> | 07/26/2037 | 205422 |
|  | Chase Mortgage Finance Corp. |  |  |  |
| 1276365 | &nbsp;&nbsp;Series 2007-S1-A7 | 6.00% | 02/25/2037 | 489750 |
| 1342533 | &nbsp;&nbsp;Series 2007-S3-1A5 | 6.00% | 05/25/2037 | 548095 |
|  | Citigroup Financial Products, Inc. |  |  |  |
| 243508 | &nbsp;&nbsp;Series 2006-8-A4 (-3 x 1 mo. Term SOFR + 19.35%, 0.00% Floor, 19.66% Cap) | 9.09 %<sup>(a)(i)</sup> | 10/25/2035 | 171984 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Countrywide Alternative Loan Trust |  |  |  |
| 509834 | &nbsp;&nbsp;Series 2005-85CB-2A5 (1 mo. Term SOFR + 1.21%, 1.10% Floor, 7.00% Cap) | 4.95% | 02/25/2036 | 394261 |
| 107669 | &nbsp;&nbsp;Series 2005-85CB-2A6 (-4 x 1 mo. Term SOFR + 21.21%, 0.00% Floor, 21.63% Cap) | 7.53 %<sup>(i)</sup> | 02/25/2036 | 88978 |
|  | Countrywide Home Loan Mortgage Pass Through Trust |  |  |  |
| 1275177 | &nbsp;&nbsp;Series 2007-4-1A35 (-1 x 1 mo. Term SOFR + 6.59%, 0.00% Floor, 6.70% Cap) | 2.85 %<sup>(g)(i)</sup> | 05/25/2037 | 194173 |
|  | Credit Suisse Management LLC |  |  |  |
| 1588812 | &nbsp;&nbsp;Series 2005-11-7A1 | 6.00% | 12/25/2035 | 770539 |
|  | Credit Suisse Mortgage Capital Certificates |  |  |  |
| 3109404 | &nbsp;&nbsp;Series 2006-5-3A3 | 6.50% | 06/25/2036 | 491239 |
| 219284 | &nbsp;&nbsp;Series 2006-9-2A1 | 5.50% | 11/25/2036 | 207519 |
| 151410 | &nbsp;&nbsp;Series 2006-9-6A14 | 6.00% | 11/25/2036 | 106662 |
|  | Deephaven Residential Mortgage Trust |  |  |  |
| 500000 | &nbsp;&nbsp;Series 2025-INV1-B1 | 6.68 %<sup>(a)(e)</sup> | 11/25/2060 | 500437 |
| 1548000 | &nbsp;&nbsp;Series 2025-INV1-B2 | 7.27 %<sup>(a)(e)</sup> | 11/25/2060 | 1532876 |
|  | Ellington Financial Mortgage Trust |  |  |  |
| 100000 | &nbsp;&nbsp;Series 2025-INV2-B1 | 7.48 %<sup>(a)(e)</sup> | 05/26/2070 | 101850 |
| 550000 | &nbsp;&nbsp;Series 2025-INV3-B2 | 7.48 %<sup>(a)(e)</sup> | 07/25/2070 | 546101 |
| 2704000 | &nbsp;&nbsp;Series 2025-INV4-B1 | 6.84 %<sup>(a)(e)</sup> | 10/25/2070 | 2721134 |
| 1659000 | &nbsp;&nbsp;Series 2025-INV4-B2 | 7.38 %<sup>(a)(e)</sup> | 10/25/2070 | 1650500 |
| 500000 | &nbsp;&nbsp;Series 2025-NQM2-B2 | 7.20 %<sup>(a)(e)</sup> | 06/25/2070 | 494182 |
| 2500000 | &nbsp;&nbsp;Series 2025-NQM5-B1 | 6.72 %<sup>(a)(e)</sup> | 11/25/2070 | 2509854 |
| 2733000 | &nbsp;&nbsp;Series 2025-NQM5-B2 | 7.24 %<sup>(a)(e)</sup> | 11/25/2070 | 2703841 |
|  | Fannie Mae Connecticut Avenue Securities |  |  |  |
| 2996000 | &nbsp;&nbsp;Series 2021-R01-1B2 (30 day avg SOFR US + 6.00%, 0.00% Floor) | 9.87 %<sup>(a)</sup> | 10/25/2041 | 3094883 |
| 3000000 | &nbsp;&nbsp;Series 2022-R01-1B2 (30 day avg SOFR US + 6.00%, 0.00% Floor) | 9.87 %<sup>(a)</sup> | 12/25/2041 | 3110920 |
|  | Freddie Mac Structured Agency Credit Risk Debt Notes |  |  |  |
| 3000000 | &nbsp;&nbsp;Series 2020-HQA2-B2 (30 day avg SOFR US + 7.71%, 0.00% Floor) | 11.59 %<sup>(a)</sup> | 03/25/2050 | 3642411 |
| 2000000 | &nbsp;&nbsp;Series 2021-DNA2-B2 (30 day avg SOFR US + 6.00%, 0.00% Floor) | 9.87 %<sup>(a)</sup> | 08/25/2033 | 2473123 |
| 3000000 | &nbsp;&nbsp;Series 2021-DNA6-B2 (30 day avg SOFR US + 7.50%, 0.00% Floor) | 11.37 %<sup>(a)</sup> | 10/25/2041 | 3133577 |
| 1200000 | &nbsp;&nbsp;Series 2021-DNA7-M2 (30 day avg SOFR US + 1.80%, 0.00% Floor) | 5.67 %<sup>(a)</sup> | 11/25/2041 | 1209329 |
| 2000000 | &nbsp;&nbsp;Series 2021-HQA2-B2 (30 day avg SOFR US + 5.45%, 0.00% Floor) | 9.32 %<sup>(a)</sup> | 12/25/2033 | 2373912 |
| 3000000 | &nbsp;&nbsp;Series 2021-HQA3-B2 (30 day avg SOFR US + 6.25%, 0.00% Floor) | 10.12 %<sup>(a)</sup> | 09/25/2041 | 3091627 |
|  | GS Mortgage-Backed Securities Trust |  |  |  |
| 1321000 | &nbsp;&nbsp;Series 2025-NQM4-B1 | 6.77 %<sup>(a)(e)</sup> | 10/25/2065 | 1326832 |
| 584000 | &nbsp;&nbsp;Series 2025-NQM4-B2 | 0.07 %<sup>(a)(e)</sup> | 10/25/2065 | 582811 |
| 500000 | &nbsp;&nbsp;Series 2025-NQM5-B1 | 6.74 %<sup>(a)(e)</sup> | 07/25/2065 | 501576 |
| 1830000 | &nbsp;&nbsp;Series 2025-NQM5-B2 | 7.71 %<sup>(a)(e)</sup> | 07/25/2065 | 1812882 |
| 450000 | &nbsp;&nbsp;Series 2025-NQM6-B1 | 6.60 %<sup>(a)(e)</sup> | 11/25/2029 | 448524 |
| 325000 | &nbsp;&nbsp;Series 2025-NQM6-B2 | 0.07 %<sup>(a)(e)</sup> | 11/25/2029 | 322769 |
|  | IndyMac Index Mortgage Loan Trust |  |  |  |
| 766532 | &nbsp;&nbsp;Series 2005-AR23-6A1 | 3.94 %<sup>(e)</sup> | 11/25/2035 | 722521 |
|  | JP Morgan Alternative Loan Trust |  |  |  |
| 56943 | &nbsp;&nbsp;Series 2006-S1-2A5 | 5.50% | 02/28/2026 | 46401 |
|  | JP Morgan Mortgage Trust |  |  |  |
| 879000 | &nbsp;&nbsp;Series 2025-VIS3-B1 | 6.76 %<sup>(a)(e)</sup> | 02/25/2066 | 882639 |
| 602000 | &nbsp;&nbsp;Series 2025-VIS3-B2 | 7.24 %<sup>(a)(e)</sup> | 02/25/2066 | 594447 |
|  | JP Morgan Reremic |  |  |  |
| 846604 | &nbsp;&nbsp;Series 2011-1-2A10 | 6.00 %<sup>(a)(e)</sup> | 06/26/2037 | 703047 |
|  | Lehman Mortgage Trust |  |  |  |
| 134170 | &nbsp;&nbsp;Series 2007-10-1A1 | 6.00% | 01/25/2038 | 131569 |
| 1151943 | &nbsp;&nbsp;Series 2007-4-1A3 | 5.75% | 05/25/2037 | 529355 |
|  | New Residential Mortgage Loan Trust |  |  |  |
| 1000000 | &nbsp;&nbsp;Series 2025-NQM6-B1 | 6.85 %<sup>(a)(e)</sup> | 10/25/2065 | 1011924 |
| 920000 | &nbsp;&nbsp;Series 2025-NQM6-B2 | 6.94 %<sup>(a)(e)</sup> | 10/25/2065 | 905749 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
|  | Pretium Mortgage Credit Partners LLC |  |  |  |
| 700000 | &nbsp;&nbsp;Series 2025-NPL7-A2 | 8.35 %<sup>(a)(h)</sup> | 07/25/2055 | 703211 |
| 650000 | &nbsp;&nbsp;Series 2025-NPL8-A2 | 7.99 %<sup>(a)(h)</sup> | 08/25/2055 | 652625 |
|  | RALI Trust |  |  |  |
| 397748 | &nbsp;&nbsp;Series 2005-QS14-3A1 | 6.00% | 09/25/2035 | 351781 |
| 978489 | &nbsp;&nbsp;Series 2006-QS7-A3 | 6.00% | 06/25/2036 | 803533 |
| 326534 | &nbsp;&nbsp;Series 2007-QS1-1A1 | 6.00% | 01/25/2037 | 262085 |
| 529451 | &nbsp;&nbsp;Series 2007-QS6-A1 (1 mo. Term SOFR + 0.44%, 0.33% Floor, 7.00% Cap) | 4.18% | 04/25/2037 | 402762 |
| 560525 | &nbsp;&nbsp;Series 2007-QS6-A102 | 5.75% | 04/25/2037 | 466062 |
| 120611 | &nbsp;&nbsp;Series 2007-QS6-A2 (-8 x 1 mo. Term SOFR + 54.63%, 0.00% Floor, 55.58% Cap) | 23.53 %<sup>(i)</sup> | 04/25/2037 | 189243 |
|  | Residential Asset Securitization Trust |  |  |  |
| 1643089 | &nbsp;&nbsp;Series 2006-A6-1A12 (-1 x 1 mo. Term SOFR + 6.99%, 0.00% Floor, 7.10% Cap) | 3.25 %<sup>(g)(i)</sup> | 07/25/2036 | 185104 |
| 1624593 | &nbsp;&nbsp;Series 2006-A6-1A9 | 6.00% | 07/25/2036 | 370090 |
|  | RFMSI Trust |  |  |  |
| 347480 | &nbsp;&nbsp;Series 2007-S2-A4 | 6.00% | 02/25/2037 | 268006 |
|  | Structured Adjustable Rate Mortgage Loan Trust |  |  |  |
| 199254 | &nbsp;&nbsp;Series 2006-1-2A2 | 4.72 %<sup>(e)</sup> | 02/25/2036 | 187021 |
|  | Velocity Commercial Capital Loan Trust |  |  |  |
| 344674 | &nbsp;&nbsp;Series 2018-1-M4 | 5.01 %<sup>(a)</sup> | 04/25/2048 | 322778 |
| 256243 | &nbsp;&nbsp;Series 2018-1-M5 | 6.26 %<sup>(a)</sup> | 04/25/2048 | 239521 |
| 364718 | &nbsp;&nbsp;Series 2018-1-M6 | 7.26 %<sup>(a)</sup> | 04/25/2048 | 332595 |
|  | Vericrest Opportunity Loan Transferee |  |  |  |
| 1771512 | &nbsp;&nbsp;Series 2021-NPL3-A2 | 8.95 %<sup>(a)(h)</sup> | 02/27/2051 | 1773315 |
|  | Verus Securitization Trust |  |  |  |
| 625000 | &nbsp;&nbsp;Series 2025-1-B2 | 7.36 %<sup>(a)(e)</sup> | 01/25/2070 | 627965 |
| 1411000 | &nbsp;&nbsp;Series 2025-10-B1 | 6.48 %<sup>(a)(e)</sup> | 06/25/2070 | 1417726 |
| 1241000 | &nbsp;&nbsp;Series 2025-3-B2 | 7.51 %<sup>(a)(e)</sup> | 05/25/2070 | 1248800 |
| 212000 | &nbsp;&nbsp;Series 2025-4-B1 | 7.43 %<sup>(a)(e)</sup> | 05/25/2070 | 216844 |
| 675000 | &nbsp;&nbsp;Series 2025-5-B2 | 7.32 %<sup>(a)(e)</sup> | 06/25/2070 | 676058 |
| 625000 | &nbsp;&nbsp;Series 2025-7-B2 | 7.51 %<sup>(a)(e)</sup> | 08/25/2070 | 628086 |
| 1500000 | &nbsp;&nbsp;Series 2025-8-B2 | 7.51 %<sup>(a)(e)</sup> | 09/25/2070 | 1513662 |
| 996500 | &nbsp;&nbsp;Series 2025-9-B2 | 7.38 %<sup>(a)(e)</sup> | 10/27/2070 | 998459 |
|  | Washington Mutual Alternative Mortgage Pass-Through Certificates |  |  |  |
| 2887942 | &nbsp;&nbsp;Series 2006-8-A4 | 4.10 %<sup>(h)</sup> | 10/25/2036 | 943788 |
|  | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $79,435,592)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $79,435,592)** | **Total Non-Agency Residential Collateralized Mortgage Obligations (Cost $79,435,592)** | **69836066** |
| **US CORPORATE BONDS - 1.3%** | **US CORPORATE BONDS - 1.3%** |  |  |  |
| 250000 | Allied Universal Holdco LLC | 7.88 %<sup>(a)</sup> | 02/15/2031 | 263618 |
| 35000 | American Axle & Manufacturing, Inc. | 7.75 %<sup>(a)</sup> | 10/15/2033 | 35670 |
| 65000 | Anywhere Real Estate Group LLC / Realogy Co.-Issuer Corp. | 9.75 %<sup>(a)</sup> | 04/15/2030 | 70584 |
| 30000 | APH / APH2 / APH3 | 7.88 %<sup>(a)</sup> | 11/01/2029 | 30322 |
| 20000 | Asurion LLC and Asurion Co.-Issuer, Inc. | 8.00 %<sup>(a)</sup> | 12/31/2032 | 20763 |
| 140000 | Bausch + Lomb Corp. | 8.38 %<sup>(a)</sup> | 10/01/2028 | 146300 |
| 35000 | Celanese US Holdings LLC | 7.38% | 02/15/2034 | 35582 |
| 45000 | Cipher Compute LLC | 7.13 %<sup>(a)</sup> | 11/15/2030 | 45888 |
| 55000 | Clear Channel Outdoor Holdings, Inc. | 7.50 %<sup>(a)</sup> | 06/01/2029 | 54662 |
| 30000 | Clear Channel Outdoor Holdings, Inc. | 7.13 %<sup>(a)</sup> | 02/15/2031 | 31521 |
| 25000 | CommScope LLC | 7.13 %<sup>(a)</sup> | 07/01/2028 | 25151 |
| 20000 | CommScope LLC | 9.50 %<sup>(a)</sup> | 12/15/2031 | 20218 |
| 75000 | Cornerstone Building Brands, Inc. | 9.50 %<sup>(a)</sup> | 08/15/2029 | 55562 |
| 75000 | DCLI Bidco LLC | 7.75 %<sup>(a)</sup> | 11/15/2029 | 77153 |
| 95000 | Dealer Tire LLC / DT Issuer LLC | 8.00 %<sup>(a)</sup> | 02/01/2028 | 95511 |
| 55000 | Directv Financing LLC | 8.88 %<sup>(a)</sup> | 02/01/2030 | 55717 |
| 55000 | Directv Financing LLC / Directv Financing Co.-Obligor, Inc. | 10.00 %<sup>(a)</sup> | 02/15/2031 | 56243 |
| 60000 | Dornoch Debt Merger Sub, Inc. | 6.63 %<sup>(a)</sup> | 10/15/2029 | 52019 |
| 45000 | EchoStar Corp. | 10.75% | 11/30/2029 | 49796 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 115000 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. | 6.75 %<sup>(a)</sup> | 01/15/2030 | 109422 |
| 30000 | Flash Compute LLC | 7.25 %<sup>(a)</sup> | 12/31/2030 | 29760 |
| 45000 | Freedom Mortgage Holdings LLC | 8.38 %<sup>(a)</sup> | 04/01/2032 | 47405 |
| 145000 | Full House Resorts, Inc. | 8.25 %<sup>(a)</sup> | 02/15/2028 | 126513 |
| 35000 | Getty Images, Inc. | 10.50 %<sup>(a)</sup> | 11/15/2030 | 35316 |
| 67000 | Gray Media, Inc. | 10.50 %<sup>(a)</sup> | 07/15/2029 | 72166 |
| 65000 | Gray Media, Inc. | 9.63 %<sup>(a)</sup> | 07/15/2032 | 67504 |
| 45000 | Gray Media, Inc. | 7.25 %<sup>(a)</sup> | 08/15/2033 | 46009 |
| 109000 | Illuminate Buyer LLC / Illuminate Holdings IV, Inc. | 9.00 %<sup>(a)</sup> | 07/01/2028 | 109715 |
| 35000 | JetBlue Airways Corp. / JetBlue Loyalty LP | 9.88 %<sup>(a)</sup> | 09/20/2031 | 35292 |
| 20000 | K Hovnanian Enterprises, Inc. | 8.38 %<sup>(a)</sup> | 10/01/2033 | 20341 |
| 30000 | Kohl's Corp. | 10.00 %<sup>(a)</sup> | 06/01/2030 | 33075 |
| 30000 | LBM Acquisition LLC | 9.50 %<sup>(a)</sup> | 06/15/2031 | 31311 |
| 35000 | LFS Topco LLC | 8.75 %<sup>(a)</sup> | 07/15/2030 | 35256 |
| 105000 | LifePoint Health, Inc. | 10.00 %<sup>(a)</sup> | 06/01/2032 | 111650 |
| 55000 | Mativ Holdings, Inc. | 8.00 %<sup>(a)</sup> | 10/01/2029 | 55620 |
| 90000 | Nabors Industries, Inc. | 8.88 %<sup>(a)</sup> | 08/15/2031 | 87370 |
| 45000 | Nabors Industries, Inc. | 7.63 %<sup>(a)</sup> | 11/15/2032 | 44258 |
| 50000 | NGL Energy Operating LLC / NGL Energy Finance Corp. | 8.38 %<sup>(a)</sup> | 02/15/2032 | 51811 |
| 250000 | PetSmart LLC / PetSmart Finance Corp. | 7.50 %<sup>(a)</sup> | 09/15/2032 | 254722 |
| 50000 | Radiology Partners, Inc. | 8.50 %<sup>(a)</sup> | 07/15/2032 | 52294 |
| 15000 | Sabre Financial Borrower LLC | 11.13 %<sup>(a)</sup> | 06/15/2029 | 15213 |
| 14000 | Sabre GLBL, Inc. | 10.75 %<sup>(a)</sup> | 11/15/2029 | 11915 |
| 25000 | Sabre GLBL, Inc. | 10.75 %<sup>(a)</sup> | 03/15/2030 | 20577 |
| 45000 | Six Flags Entertainment Corp. | 7.25 %<sup>(a)</sup> | 05/15/2031 | 43213 |
| 50000 | SM Energy Co. | 7.00 %<sup>(a)</sup> | 08/01/2032 | 49185 |
| 25000 | Staples, Inc. | 10.75 %<sup>(a)</sup> | 09/01/2029 | 24886 |
| 50000 | Synergy Infrastructure Holdings LLC | 7.88 %<sup>(a)</sup> | 12/01/2030 | 51961 |
| 20000 | Transocean International Ltd. | 7.88 %<sup>(a)</sup> | 10/15/2032 | 20983 |
| 215000 | Trident TPI Holdings, Inc. | 12.75 %<sup>(a)</sup> | 12/31/2028 | 220562 |
| 105000 | United Natural Foods, Inc. | 6.75 %<sup>(a)</sup> | 10/15/2028 | 105603 |
| 30000 | Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC | 8.63 %<sup>(a)</sup> | 06/15/2032 | 29575 |
| 90000 | Univision Communications, Inc. | 8.50 %<sup>(a)</sup> | 07/31/2031 | 94091 |
| 45000 | Veritiv Operating Co. | 10.50 %<sup>(a)</sup> | 11/30/2030 | 48441 |
| 160000 | Victra Holdings LLC / Victra Finance Corp. | 8.75 %<sup>(a)</sup> | 09/15/2029 | 169597 |
| 100000 | Vital Energy, Inc. | 7.88 %<sup>(a)</sup> | 04/15/2032 | 98596 |
| 40000 | Voyager Parent LLC | 9.25 %<sup>(a)</sup> | 07/01/2032 | 42469 |
| 35000 | Windstream Services LLC | 7.50 %<sup>(a)</sup> | 10/15/2033 | 35909 |
|  | **Total US Corporate Bonds (Cost $3,722,361)** |  |  | **3761866** |
| **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 18.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 18.8%** | **US GOVERNMENT AND AGENCY MORTGAGE BACKED OBLIGATIONS - 18.8%** |  |  |
|  | Federal Home Loan Mortgage Corp. |  |  |  |
| 27848459 | &nbsp;&nbsp;Series 2021-P009-X | 1.31 %<sup>(e)(g)</sup> | 01/25/2031 | 717791 |
| 209933 | &nbsp;&nbsp;Series 3211-SI (-4 x 30 day avg SOFR US + 27.18%, 0.00% Floor, 27.67% Cap) | 10.43 %<sup>(g)(i)</sup> | 09/15/2036 | 90442 |
| 434989 | &nbsp;&nbsp;Series 3236-ES (-1 x 30 day avg SOFR US + 6.59%, 0.00% Floor, 6.70% Cap) | 2.60 %<sup>(g)(i)</sup> | 11/15/2036 | 44616 |
| 293810 | &nbsp;&nbsp;Series 3256-S (-1 x 30 day avg SOFR US + 6.58%, 0.00% Floor, 6.69% Cap) | 2.59 %<sup>(g)(i)</sup> | 12/15/2036 | 34097 |
| 176818 | &nbsp;&nbsp;Series 3292-SD (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.00 %<sup>(g)(i)</sup> | 03/15/2037 | 14081 |
| 1870312 | &nbsp;&nbsp;Series 3297-BI (-1 x 30 day avg SOFR US + 6.65%, 0.00% Floor, 6.76% Cap) | 2.66 %<sup>(g)(i)</sup> | 04/15/2037 | 222618 |
| 1651076 | &nbsp;&nbsp;Series 3311-BI (-1 x 30 day avg SOFR US + 6.65%, 0.00% Floor, 6.76% Cap) | 2.66 %<sup>(g)(i)</sup> | 05/15/2037 | 147710 |
| 1333425 | &nbsp;&nbsp;Series 3311-IA (-1 x 30 day avg SOFR US + 6.30%, 0.00% Floor, 6.41% Cap) | 2.31 %<sup>(g)(i)</sup> | 05/15/2037 | 159044 |
| 295241 | &nbsp;&nbsp;Series 3314-SH (-1 x 30 day avg SOFR US + 6.29%, 0.00% Floor, 6.40% Cap) | 2.30 %<sup>(g)(i)</sup> | 11/15/2036 | 26303 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 151974 | &nbsp;&nbsp;Series 3330-KS (-1 x 30 day avg SOFR US + 6.44%, 0.00% Floor, 6.55% Cap) | 2.45 %<sup>(g)(i)</sup> | 06/15/2037 | 9654 |
| 27398 | &nbsp;&nbsp;Series 3339-AI (-1 x 30 day avg SOFR US + 6.44%, 0.00% Floor, 6.55% Cap) | 2.45 %<sup>(g)(i)</sup> | 07/15/2037 | 2601 |
| 958770 | &nbsp;&nbsp;Series 3339-TI (-1 x 30 day avg SOFR US + 6.03%, 0.00% Floor, 6.14% Cap) | 2.04 %<sup>(g)(i)</sup> | 07/15/2037 | 101228 |
| 295279 | &nbsp;&nbsp;Series 3374-SD (-1 x 30 day avg SOFR US + 6.34%, 0.00% Floor, 6.45% Cap) | 2.35 %<sup>(g)(i)</sup> | 10/15/2037 | 23616 |
| 69761 | &nbsp;&nbsp;Series 3382-SU (-1 x 30 day avg SOFR US + 6.19%, 0.00% Floor, 6.30% Cap) | 2.20 %<sup>(g)(i)</sup> | 11/15/2037 | 5364 |
| 1627746 | &nbsp;&nbsp;Series 3404-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 1.90 %<sup>(g)(i)</sup> | 01/15/2038 | 126394 |
| 72416 | &nbsp;&nbsp;Series 3423-GS (-1 x 30 day avg SOFR US + 5.54%, 0.00% Floor, 5.65% Cap) | 1.55 %<sup>(g)(i)</sup> | 03/15/2038 | 5374 |
| 1241997 | &nbsp;&nbsp;Series 3435-S (-1 x 30 day avg SOFR US + 5.87%, 0.00% Floor, 5.98% Cap) | 1.88 %<sup>(g)(i)</sup> | 04/15/2038 | 94552 |
| 66420 | &nbsp;&nbsp;Series 3508-PS (-1 x 30 day avg SOFR US + 6.54%, 0.00% Floor, 6.65% Cap) | 2.55 %<sup>(g)(i)</sup> | 02/15/2039 | 4866 |
| 408796 | &nbsp;&nbsp;Series 3728-SV (-1 x 30 day avg SOFR US + 4.34%, 0.00% Floor, 4.45% Cap) | 0.35 %<sup>(g)(i)</sup> | 09/15/2040 | 13577 |
| 3768057 | &nbsp;&nbsp;Series 3736-SN (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 1.95 %<sup>(g)(i)</sup> | 10/15/2040 | 330447 |
| 1283707 | &nbsp;&nbsp;Series 3753-SB (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 1.90 %<sup>(g)(i)</sup> | 11/15/2040 | 124052 |
| 1483498 | &nbsp;&nbsp;Series 3780-SM (-1 x 30 day avg SOFR US + 6.39%, 0.00% Floor, 6.50% Cap) | 2.40 %<sup>(g)(i)</sup> | 12/15/2040 | 167255 |
| 547031 | &nbsp;&nbsp;Series 3815-ST (-1 x 30 day avg SOFR US + 5.74%, 0.00% Floor, 5.85% Cap) | 1.75 %<sup>(g)(i)</sup> | 02/15/2041 | 40822 |
| 1020468 | &nbsp;&nbsp;Series 3905-SC (-5 x 30 day avg SOFR US + 22.18%, 0.00% Floor, 22.75% Cap) | 2.05 %<sup>(i)</sup> | 08/15/2041 | 1095326 |
| 518663 | &nbsp;&nbsp;Series 3924-SJ (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 1.90 %<sup>(g)(i)</sup> | 09/15/2041 | 50341 |
| 1171141 | &nbsp;&nbsp;Series 3960-ES (-1 x 30 day avg SOFR US + 5.84%, 0.00% Floor, 5.95% Cap) | 1.85 %<sup>(g)(i)</sup> | 11/15/2041 | 108161 |
| 20434957 | &nbsp;&nbsp;Series 400-C4 | 3.00 %<sup>(g)</sup> | 12/25/2052 | 3711493 |
| 1354418 | &nbsp;&nbsp;Series 4291-MS (-1 x 30 day avg SOFR US + 5.79%, 0.00% Floor, 5.90% Cap) | 1.80 %<sup>(g)(i)</sup> | 01/15/2054 | 139014 |
| 5730570 | &nbsp;&nbsp;Series 5083-IH | 2.50 %<sup>(g)</sup> | 03/25/2051 | 919744 |
| 10501382 | &nbsp;&nbsp;Series 5100-DS (-1 x 30 day avg SOFR US + 2.50%, 0.00% Floor, 2.50% Cap) | 0.00 %<sup>(g)(i)</sup> | 05/25/2051 | 13729 |
| 8300554 | &nbsp;&nbsp;Series 5112-SC (-1 x 30 day avg SOFR US + 2.50%, 0.00% Floor, 2.50% Cap) | 0.00 %<sup>(g)(i)</sup> | 06/25/2051 | 12032 |
|  | Federal National Mortgage Association |  |  |  |
| 17460 | &nbsp;&nbsp;Series 2005-72-WS (-1 x 30 day avg SOFR US + 6.64%, 0.00% Floor, 6.75% Cap) | 2.76 %<sup>(g)(i)</sup> | 08/25/2035 | 1152 |
| 187898 | &nbsp;&nbsp;Series 2006-117-SQ (-1 x 30 day avg SOFR US + 6.44%, 0.00% Floor, 6.55% Cap) | 2.56 %<sup>(g)(i)</sup> | 12/25/2036 | 14315 |
| 47711 | &nbsp;&nbsp;Series 2006-119-HS (-1 x 30 day avg SOFR US + 6.54%, 0.00% Floor, 6.65% Cap) | 2.66 %<sup>(g)(i)</sup> | 12/25/2036 | 4157 |
| 1687021 | &nbsp;&nbsp;Series 2006-123-CI (-1 x 30 day avg SOFR US + 6.63%, 0.00% Floor, 6.74% Cap) | 2.75 %<sup>(g)(i)</sup> | 01/25/2037 | 218841 |
| 854040 | &nbsp;&nbsp;Series 2007-15-BI (-1 x 30 day avg SOFR US + 6.59%, 0.00% Floor, 6.70% Cap) | 2.71 %<sup>(g)(i)</sup> | 03/25/2037 | 92351 |
| 151008 | &nbsp;&nbsp;Series 2007-20-S (-1 x 30 day avg SOFR US + 6.63%, 0.00% Floor, 6.74% Cap) | 2.75 %<sup>(g)(i)</sup> | 03/25/2037 | 11067 |
| 93133 | &nbsp;&nbsp;Series 2007-21-SD (-1 x 30 day avg SOFR US + 6.37%, 0.00% Floor, 6.48% Cap) | 2.49 %<sup>(g)(i)</sup> | 03/25/2037 | 8417 |
| 461768 | &nbsp;&nbsp;Series 2007-30-IE (-1 x 30 day avg SOFR US + 6.63%, 0.00% Floor, 6.74% Cap) | 2.75 %<sup>(g)(i)</sup> | 04/25/2037 | 61562 |
| 1104227 | &nbsp;&nbsp;Series 2007-32-SA (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(g)(i)</sup> | 04/25/2037 | 100904 |
| 394175 | &nbsp;&nbsp;Series 2007-40-SA (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(g)(i)</sup> | 05/25/2037 | 34222 |
| 85857 | &nbsp;&nbsp;Series 2007-48-SE (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(g)(i)</sup> | 05/25/2037 | 5324 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 130067 | &nbsp;&nbsp;Series 2007-64-LI (-1 x 30 day avg SOFR US + 6.45%, 0.00% Floor, 6.56% Cap) | 2.57 %<sup>(g)(i)</sup> | 07/25/2037 | 10415 |
| 42996 | &nbsp;&nbsp;Series 2007-68-SA (-1 x 30 day avg SOFR US + 6.54%, 0.00% Floor, 6.65% Cap) | 2.66 %<sup>(g)(i)</sup> | 07/25/2037 | 4075 |
| 2228295 | &nbsp;&nbsp;Series 2007-75-PI (-1 x 30 day avg SOFR US + 6.43%, 0.00% Floor, 6.54% Cap) | 2.55 %<sup>(g)(i)</sup> | 08/25/2037 | 245920 |
| 1159328 | &nbsp;&nbsp;Series 2008-33-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(g)(i)</sup> | 04/25/2038 | 96877 |
| 888118 | &nbsp;&nbsp;Series 2008-42-SC (-1 x 30 day avg SOFR US + 5.79%, 0.00% Floor, 5.90% Cap) | 1.91 %<sup>(g)(i)</sup> | 05/25/2038 | 89260 |
| 268044 | &nbsp;&nbsp;Series 2008-5-GS (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(g)(i)</sup> | 02/25/2038 | 27338 |
| 607104 | &nbsp;&nbsp;Series 2008-62-SD (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 2.06 %<sup>(g)(i)</sup> | 07/25/2038 | 54628 |
| 446138 | &nbsp;&nbsp;Series 2008-68-SB (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(g)(i)</sup> | 08/25/2038 | 37584 |
| 64101 | &nbsp;&nbsp;Series 2009-111-SE (-1 x 30 day avg SOFR US + 6.14%, 0.00% Floor, 6.25% Cap) | 2.26 %<sup>(g)(i)</sup> | 01/25/2040 | 7170 |
| 317329 | &nbsp;&nbsp;Series 2009-12-CI (-1 x 30 day avg SOFR US + 6.49%, 0.00% Floor, 6.60% Cap) | 2.61 %<sup>(g)(i)</sup> | 03/25/2036 | 24392 |
| 65869 | &nbsp;&nbsp;Series 2009-47-SA (-1 x 30 day avg SOFR US + 5.99%, 0.00% Floor, 6.10% Cap) | 2.11 %<sup>(g)(i)</sup> | 07/25/2039 | 3545 |
| 88026 | &nbsp;&nbsp;Series 2009-48-WS (-1 x 30 day avg SOFR US + 5.84%, 0.00% Floor, 5.95% Cap) | 1.96 %<sup>(g)(i)</sup> | 07/25/2039 | 7940 |
| 44422 | &nbsp;&nbsp;Series 2009-67-SA (-1 x 30 day avg SOFR US + 5.04%, 0.25% Floor, 5.15% Cap) | 1.16 %<sup>(g)(i)</sup> | 07/25/2037 | 2846 |
| 272648 | &nbsp;&nbsp;Series 2009-87-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(g)(i)</sup> | 11/25/2049 | 22879 |
| 2735013 | &nbsp;&nbsp;Series 2009-90-QI (-1 x 30 day avg SOFR US + 6.49%, 0.00% Floor, 6.60% Cap) | 2.61 %<sup>(g)(i)</sup> | 08/25/2036 | 289542 |
| 351841 | &nbsp;&nbsp;Series 2009-91-SD (-1 x 30 day avg SOFR US + 6.04%, 0.00% Floor, 6.15% Cap) | 2.16 %<sup>(g)(i)</sup> | 11/25/2039 | 34446 |
| 60541 | &nbsp;&nbsp;Series 2010-11-SC (-1 x 30 day avg SOFR US + 4.69%, 0.00% Floor, 4.80% Cap) | 0.81 %<sup>(g)(i)</sup> | 02/25/2040 | 3194 |
| 70830 | &nbsp;&nbsp;Series 2010-115-SD (-1 x 30 day avg SOFR US + 6.49%, 0.00% Floor, 6.60% Cap) | 2.61 %<sup>(g)(i)</sup> | 11/25/2039 | 6946 |
| 2164728 | &nbsp;&nbsp;Series 2010-142-SC (-1 x 30 day avg SOFR US + 6.49%, 0.00% Floor, 6.60% Cap) | 2.61 %<sup>(g)(i)</sup> | 12/25/2040 | 264573 |
| 374386 | &nbsp;&nbsp;Series 2010-15-SL (-1 x 30 day avg SOFR US + 4.84%, 0.00% Floor, 4.95% Cap) | 0.96 %<sup>(g)(i)</sup> | 03/25/2040 | 17703 |
| 149783 | &nbsp;&nbsp;Series 2010-19-SA (-1 x 30 day avg SOFR US + 5.29%, 0.00% Floor, 5.40% Cap) | 1.41 %<sup>(g)(i)</sup> | 03/25/2050 | 11576 |
| 301389 | &nbsp;&nbsp;Series 2010-31-SB (-1 x 30 day avg SOFR US + 4.89%, 0.00% Floor, 5.00% Cap) | 1.01 %<sup>(g)(i)</sup> | 04/25/2040 | 15988 |
| 486311 | &nbsp;&nbsp;Series 2010-39-SL (-1 x 30 day avg SOFR US + 5.56%, 0.00% Floor, 5.67% Cap) | 1.68 %<sup>(g)(i)</sup> | 05/25/2040 | 33844 |
| 81235 | &nbsp;&nbsp;Series 2010-8-US (-1 x 30 day avg SOFR US + 4.69%, 0.00% Floor, 4.80% Cap) | 0.81 %<sup>(g)(i)</sup> | 02/25/2040 | 3154 |
| 82076 | &nbsp;&nbsp;Series 2010-9-GS (-1 x 30 day avg SOFR US + 4.64%, 0.00% Floor, 4.75% Cap) | 0.76 %<sup>(g)(i)</sup> | 02/25/2040 | 3493 |
| 441818 | &nbsp;&nbsp;Series 2011-114-S (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(g)(i)</sup> | 09/25/2039 | 49024 |
| 803216 | &nbsp;&nbsp;Series 2011-146-US (-1 x 30 day avg SOFR US + 6.84%, 0.00% Floor, 7.00% Cap) | 1.42 %<sup>(i)</sup> | 01/25/2042 | 572230 |
| 124859 | &nbsp;&nbsp;Series 2012-29-SG (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(g)(i)</sup> | 04/25/2042 | 10714 |
| 781195 | &nbsp;&nbsp;Series 2012-56-SN (-1 x 30 day avg SOFR US + 5.94%, 0.00% Floor, 6.05% Cap) | 2.06 %<sup>(g)(i)</sup> | 06/25/2042 | 63315 |
| 1057614 | &nbsp;&nbsp;Series 2012-76-SC (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(g)(i)</sup> | 07/25/2042 | 106946 |
| 1386415 | &nbsp;&nbsp;Series 2013-83-US (-1 x 30 day avg SOFR US + 4.89%, 0.00% Floor, 5.00% Cap) | 1.01 %<sup>(i)</sup> | 08/25/2043 | 996398 |
| 3063561 | &nbsp;&nbsp;Series 2016-64-SA (-1 x 30 day avg SOFR US + 5.89%, 0.00% Floor, 6.00% Cap) | 2.01 %<sup>(g)(i)</sup> | 09/25/2046 | 340899 |
| 2709721 | &nbsp;&nbsp;Series 2020-61-DI | 3.00 %<sup>(g)</sup> | 09/25/2060 | 493207 |
| 11163228 | &nbsp;&nbsp;Series 2020-M27-X1 | 0.85 %<sup>(e)(g)</sup> | 03/25/2031 | 257846 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 13433538 | &nbsp;&nbsp;Series 2021-17-SA (-1 x 30 day avg SOFR US + 2.00%, 0.00% Floor, 2.00% Cap) | 0.00 %<sup>(g)(i)</sup> | 04/25/2051 | 2410 |
| 4276775 | &nbsp;&nbsp;Series 2021-3-KI | 2.50 %<sup>(g)</sup> | 02/25/2051 | 646059 |
| 3735759 | &nbsp;&nbsp;Series 2021-56-WI | 2.50 %<sup>(g)</sup> | 09/25/2051 | 441243 |
| 108159 | &nbsp;&nbsp;Series 374-19 | 6.50 %<sup>(g)</sup> | 09/25/2036 | 18362 |
|  | FREMF Mortgage Trust |  |  |  |
| 695146 | &nbsp;&nbsp;Series 2018-KF56-C (30 day avg SOFR US + 5.91%, 5.80% Floor) | 9.92 %<sup>(a)</sup> | 11/25/2028 | 628509 |
| 950859 | &nbsp;&nbsp;Series 2019-KF71-C (30 day avg SOFR US + 6.11%, 6.00% Floor) | 10.12 %<sup>(a)</sup> | 10/25/2029 | 920471 |
|  | Government National Mortgage Association |  |  |  |
| 282209 | &nbsp;&nbsp;Series 2009-104-SD (-1 x 1 mo. Term SOFR + 6.24%, 0.00% Floor, 6.35% Cap) | 2.50 %<sup>(g)(i)</sup> | 11/16/2039 | 28034 |
| 19546 | &nbsp;&nbsp;Series 2010-98-IA | 5.09 %<sup>(e)(g)</sup> | 03/20/2039 | 260 |
| 305664 | &nbsp;&nbsp;Series 2011-69-SB (-1 x 1 mo. Term SOFR + 5.24%, 0.00% Floor, 5.35% Cap) | 1.50 %<sup>(g)(i)</sup> | 05/20/2041 | 25281 |
| 500074 | &nbsp;&nbsp;Series 2011-71-SG (-1 x 1 mo. Term SOFR + 5.29%, 0.00% Floor, 5.40% Cap) | 1.55 %<sup>(g)(i)</sup> | 05/20/2041 | 50253 |
| 541605 | &nbsp;&nbsp;Series 2011-72-AS (-1 x 1 mo. Term SOFR + 5.27%, 0.00% Floor, 5.38% Cap) | 1.53 %<sup>(g)(i)</sup> | 05/20/2041 | 49321 |
| 657538 | &nbsp;&nbsp;Series 2011-89-SA (-1 x 1 mo. Term SOFR + 5.34%, 0.00% Floor, 5.45% Cap) | 1.60 %<sup>(g)(i)</sup> | 06/20/2041 | 64850 |
| 4572544 | &nbsp;&nbsp;Series 2012-26-SP (-1 x 1 mo. Term SOFR + 6.54%, 0.00% Floor, 6.65% Cap) | 2.80 %<sup>(g)(i)</sup> | 02/20/2042 | 626242 |
| 338435 | &nbsp;&nbsp;Series 2012-34-LI (-20 x 1 mo. Term SOFR + 119.71%, 0.00% Floor, 6.00% Cap) | 6.00 %<sup>(g)(i)</sup> | 12/16/2039 | 67466 |
| 3524714 | &nbsp;&nbsp;Series 2013-119-TZ | 3.00% | 08/20/2043 | 3206794 |
| 1968667 | &nbsp;&nbsp;Series 2014-39-SK (-1 x 1 mo. Term SOFR + 6.09%, 0.00% Floor, 6.20% Cap) | 2.35 %<sup>(g)(i)</sup> | 03/20/2044 | 256016 |
| 3169646 | &nbsp;&nbsp;Series 2014-59-DS (-1 x 1 mo. Term SOFR + 6.14%, 0.00% Floor, 6.25% Cap) | 2.40 %<sup>(g)(i)</sup> | 04/16/2044 | 292327 |
| 3356025 | &nbsp;&nbsp;Series 2014-63-SD (-1 x 1 mo. Term SOFR + 5.44%, 0.00% Floor, 5.55% Cap) | 1.70 %<sup>(g)(i)</sup> | 04/20/2044 | 338020 |
| 1381211 | &nbsp;&nbsp;Series 2014-69-ST (-1 x 1 mo. Term SOFR + 5.99%, 0.00% Floor, 6.10% Cap) | 2.25 %<sup>(g)(i)</sup> | 12/16/2039 | 153373 |
| 2117934 | &nbsp;&nbsp;Series 2015-148-BS (-1 x 1 mo. Term SOFR + 5.58%, 0.00% Floor, 5.69% Cap) | 1.84 %<sup>(g)(i)</sup> | 10/20/2045 | 237349 |
| 5829306 | &nbsp;&nbsp;Series 2015-158-SK (-1 x 1 mo. Term SOFR + 6.09%, 0.00% Floor, 6.20% Cap) | 2.35 %<sup>(g)(i)</sup> | 11/20/2045 | 710010 |
| 6442503 | &nbsp;&nbsp;Series 2018-111-SA (-1 x 1 mo. Term SOFR + 4.44%, 0.00% Floor, 4.55% Cap) | 0.70 %<sup>(g)(i)</sup> | 08/20/2048 | 291985 |
| 19454793 | &nbsp;&nbsp;Series 2018-48-SD (-1 x 1 mo. Term SOFR + 3.79%, 0.00% Floor, 3.90% Cap) | 0.05 %<sup>(g)(i)</sup> | 04/20/2048 | 489300 |
| 5645597 | &nbsp;&nbsp;Series 2020-115-SC (-1 x 1 mo. Term SOFR + 4.09%, 0.00% Floor, 4.20% Cap) | 0.35 %<sup>(g)(i)</sup> | 08/20/2050 | 218617 |
| 8414166 | &nbsp;&nbsp;Series 2020-129-IW | 2.50 %<sup>(g)</sup> | 09/20/2050 | 1221991 |
| 4483992 | &nbsp;&nbsp;Series 2020-129-SE (-1 x 1 mo. Term SOFR + 3.64%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(g)(i)</sup> | 09/20/2050 | 83070 |
| 13783678 | &nbsp;&nbsp;Series 2020-138-IC | 3.50 %<sup>(g)</sup> | 08/20/2050 | 2456093 |
| 4978447 | &nbsp;&nbsp;Series 2020-138-IL | 3.50 %<sup>(g)</sup> | 09/20/2050 | 959766 |
| 8652369 | &nbsp;&nbsp;Series 2020-173-MI | 2.50 %<sup>(g)</sup> | 11/20/2050 | 1242497 |
| 6603252 | &nbsp;&nbsp;Series 2020-175-KI | 2.50 %<sup>(g)</sup> | 11/20/2050 | 985584 |
| 2539425 | &nbsp;&nbsp;Series 2020-187-SB (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(g)(i)</sup> | 12/20/2050 | 339528 |
| 3938649 | &nbsp;&nbsp;Series 2020-196-DI | 2.50 %<sup>(g)</sup> | 12/20/2050 | 547057 |
| 7130291 | &nbsp;&nbsp;Series 2021-107-IL | 3.00 %<sup>(g)</sup> | 06/20/2051 | 1266226 |
| 5760815 | &nbsp;&nbsp;Series 2021-107-SA (-1 x 1 mo. Term SOFR + 3.64%, 0.00% Floor, 3.75% Cap) | 0.00 %<sup>(g)(i)</sup> | 06/20/2051 | 142064 |
| 3502014 | &nbsp;&nbsp;Series 2021-116-XI | 3.50 %<sup>(g)</sup> | 03/20/2051 | 649512 |
| 3006959 | &nbsp;&nbsp;Series 2021-125-AS (-1 x 30 day avg SOFR US + 3.25%, 0.00% Floor, 3.25% Cap) | 0.00 %<sup>(g)(i)</sup> | 07/20/2051 | 26830 |
| 6352747 | &nbsp;&nbsp;Series 2021-130-DI | 3.00 %<sup>(g)</sup> | 07/20/2051 | 1157021 |
| 8464172 | &nbsp;&nbsp;Series 2021-15-PI | 3.00 %<sup>(g)</sup> | 01/20/2051 | 1347358 |
| 6117243 | &nbsp;&nbsp;Series 2021-158-SA (-1 x 30 day avg SOFR US + 3.70%, 0.00% Floor, 3.70% Cap) | 0.00 %<sup>(g)(i)</sup> | 09/20/2051 | 164083 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **PRINCIPAL AMOUNT<br> $/SHARES** | **SECURITY DESCRIPTION** | **RATE** | **MATURITY** | **VALUE $** |
| 15238743 | &nbsp;&nbsp;Series 2021-194-IN | 3.00 %<sup>(g)</sup> | 11/20/2051 | 2885843 |
| 9919339 | &nbsp;&nbsp;Series 2021-209-MI | 3.00 %<sup>(g)</sup> | 11/20/2051 | 1609678 |
| 11575844 | &nbsp;&nbsp;Series 2021-221-SC (-1 x 30 day avg SOFR US + 3.80%, 0.00% Floor, 3.80% Cap) | 0.00 %<sup>(g)(i)</sup> | 12/20/2051 | 287935 |
| 8794355 | &nbsp;&nbsp;Series 2021-221-SD (-1 x 30 day avg SOFR US + 3.80%, 0.00% Floor, 3.80% Cap) | 0.00 %<sup>(g)(i)</sup> | 12/20/2051 | 241500 |
| 9012014 | &nbsp;&nbsp;Series 2021-24-XI | 2.00 %<sup>(g)</sup> | 02/20/2051 | 1039749 |
| 7553249 | &nbsp;&nbsp;Series 2021-46-DS (-1 x 1 mo. Term SOFR + 2.69%, 0.00% Floor, 2.80% Cap) | 0.00 %<sup>(g)(i)</sup> | 03/20/2051 | 15545 |
| 3871735 | &nbsp;&nbsp;Series 2021-58-SJ (-1 x 1 mo. Term SOFR + 6.19%, 0.00% Floor, 6.30% Cap) | 2.45 %<sup>(g)(i)</sup> | 04/20/2051 | 487136 |
| 31954891 | &nbsp;&nbsp;Series 2021-59-S (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(g)(i)</sup> | 04/20/2051 | 94804 |
| 6135927 | &nbsp;&nbsp;Series 2021-7-IQ | 2.50 %<sup>(g)</sup> | 01/20/2051 | 876820 |
| 12767738 | &nbsp;&nbsp;Series 2021-73-LS (-1 x 30 day avg SOFR US + 2.50%, 0.50% Floor, 2.50% Cap) | 0.50 %<sup>(g)(i)</sup> | 04/20/2051 | 280809 |
| 6558847 | &nbsp;&nbsp;Series 2021-77-IH | 2.50 %<sup>(g)</sup> | 05/20/2051 | 859450 |
| 11589657 | &nbsp;&nbsp;Series 2021-78-SC (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(g)(i)</sup> | 05/20/2051 | 25006 |
| 22562150 | &nbsp;&nbsp;Series 2021-9-MI | 2.50 %<sup>(g)</sup> | 01/20/2051 | 3309949 |
| 12513886 | &nbsp;&nbsp;Series 2021-97-SA (-1 x 30 day avg SOFR US + 2.60%, 0.00% Floor, 2.60% Cap) | 0.00 %<sup>(g)(i)</sup> | 06/20/2051 | 66173 |
| 9270549 | &nbsp;&nbsp;Series 2021-H04-BI | 0.75 %<sup>(e)(g)</sup> | 02/01/2071 | 525020 |
| 10674646 | &nbsp;&nbsp;Series 2021-H07-AI | 1.15 %<sup>(e)(g)</sup> | 05/20/2071 | 569188 |
| 3512967 | &nbsp;&nbsp;Series 2022-105-IO | 2.50 %<sup>(g)</sup> | 06/20/2051 | 518875 |
| 13246744 | &nbsp;&nbsp;Series 2022-22-SA (-1 x 30 day avg SOFR US + 3.60%, 0.00% Floor, 3.60% Cap) | 0.00 %<sup>(g)(i)</sup> | 08/20/2050 | 262729 |
| 5446276 | &nbsp;&nbsp;Series 2022-25-EI | 3.00 %<sup>(g)</sup> | 02/20/2052 | 979662 |
| 30595164 | &nbsp;&nbsp;Series 2022-83-IO | 2.50 %<sup>(g)</sup> | 11/20/2051 | 4385569 |
| 6782437 | &nbsp;&nbsp;Series 2024-13-IA | 3.00 %<sup>(g)</sup> | 05/20/2051 | 1110791 |
|  | **Total US Government and Agency Mortgage Backed Obligations (Cost $56,727,162)** | **Total US Government and Agency Mortgage Backed Obligations (Cost $56,727,162)** |  | **56102026** |
| **COMMON STOCKS - 0.0%<sup>(j)</sup>** | **COMMON STOCKS - 0.0%<sup>(j)</sup>** |  |  |  |
| 3953 | Altice France/Luxco 3<sup>(c)(k)</sup> |  |  | 70845 |
| 1014 | Asphalt ATD Holdco, LLC<sup>(c)(k)</sup> |  |  | 213 |
| 119 | Jacobs Solutions, Inc. NPV<sup>(c)(k)</sup> |  |  | 119 |
| 711 | Stichting Administratiekantoor ADR <sup>(c)(k)</sup> |  |  |  |
| 261 | Stichting Administratiekantoor Unigel Creditors <sup>(c)(k)</sup> |  |  |  |
|  | **Total Common Stocks (Cost $258,221)** |  |  | **71177** |
| **SHORT TERM INVESTMENTS - 2.0%** | **SHORT TERM INVESTMENTS - 2.0%** |  |  |  |
| 1958174 | First American Government Obligations Fund - U | 3.69 %<sup>(l)</sup> |  | 1958174 |
| 1958174 | JPMorgan US Government Money Market Fund - IM | 3.72 %<sup>(l)</sup> |  | 1958174 |
| 1958174 | MSILF Government Portfolio - Institutional | 3.70 %<sup>(l)</sup> |  | 1958174 |
|  | **Total Short Term Investments (Cost $5,874,522)** |  |  | **5874522** |
|  | **Total Investments - 107.5%<sup>(m)</sup> (Cost $346,428,911)** |  |  | **319999303** |
|  | **Other Liabilities in Excess of Assets - (7.5)%** |  |  | **(22230801)** |
|  | **NET ASSETS - 100.0%** |  |  | $**297768502** |

---

---

| | |
|:---|:---|
| **SECURITY TYPE BREAKDOWN as a % of Net Assets:** | |
| Non-Agency Commercial Mortgage Backed Obligations | 24.5% |
| Non-Agency Residential Collateralized Mortgage Obligations | 23.5% |
| US Government and Agency Mortgage Backed Obligations | 18.8% |
| Bank Loans | 16.3% |
| Collateralized Loan Obligations | 15.7% |
| Foreign Corporate Bonds | 3.0% |
| Short Term Investments | 2.0% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 1.4% |
| US Corporate Bonds | 1.3% |
| Asset Backed Obligations | 1.0% |
| Common Stocks | 0.0 %(j) |
| Other Assets and Liabilities | (7.5)% |
| Net Assets | 100.0% |

---

---

| | |
|:---|:---|
| **INVESTMENT BREAKDOWN as a % of Net Assets:** | |
| Non-Agency Commercial Mortgage Backed Obligations | 24.5% |
| Non-Agency Residential Collateralized Mortgage Obligations | 23.5% |
| US Government and Agency Mortgage Backed Obligations | 18.8% |
| Collateralized Loan Obligations | 15.7% |
| Media | 2.9% |
| Electronics/Electric | 2.9% |
| Healthcare | 2.1% |
| Short Term Investments | 2.0% |
| Retailers (other than Food/Drug) | 1.7% |
| Hotels/Motels/Inns and Casinos | 1.2% |
| Chemicals/Plastics | 1.1% |
| Industrial Equipment | 1.0% |
| Energy | 1.0% |
| Asset Backed Obligations | 1.0% |
| Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 1.0% |
| Containers and Glass Products | 0.9% |
| Transportation | 0.8% |
| Mining | 0.6% |
| Insurance | 0.5% |
| Technology | 0.5% |
| Finance | 0.5% |
| Telecommunications | 0.4% |
| Building and Development (including Steel/Metals) | 0.4% |
| Consumer Products | 0.3% |
| Construction | 0.3% |
| Commercial Services | 0.3% |
| Food Products | 0.2% |
| Pharmaceuticals | 0.2% |
| Utilities | 0.2% |
| Banking | 0.2% |
| Automotive | 0.2% |
| Chemical Products | 0.2% |
| Business Equipment and Services | 0.1% |
| Pulp & Paper | 0.1% |
| Diversified Manufacturing | 0.1% |
| Leisure | 0.1% |
| Food Service | 0.0 %(j) |
| Aerospace & Defense | 0.0 %(j) |
| Other Assets and Liabilities | (7.5)% |
| Net Assets | 100.0% |

---

**(a)** **Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration to qualified institutional buyers. As of December 31, 2025, the value of these securities total $183,782,586 or 61.7% of the Fund's net assets.** 

**(b)** **Security pays interest at rates that represent residual cashflows available after more senior tranches have been paid.** 

**(c)** **Value determined using significant unobservable inputs.** 

**(d)** **Security is in default or has failed to make a scheduled payment. Income is not being accrued.** 

**(e)** **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 period end.** 

**(f)** **Perpetual maturity. The date disclosed is the next call date of the security.** 

**(g)** **Interest only security** 

**(h)** **Step Bond; Coupon rate changes based on a predetermined schedule or event. The interest rate shown is the rate in effect as of period end.** 

**(i)** **Inverse floating rate security whose interest rate moves in the opposite direction of reference interest rates. Reference interest rates are typically based on a negative multiplier or slope. Interest rate may also be subject to a cap or floor.** 

**(j)** **Represents less than 0.05% of net assets.** 

**(k)** **Non-income producing security.** 

**(l)** **Seven-day yield as of period end.** 

**(m)** **Under the Fund's Credit Agreement, the lender, through their agent, have been granted a security interest in all of the Fund's investments in consideration of the Fund's borrowings under the line of credit with the lender.** 

---

| | |
|:---|:---|
| **CMT** | **Constant Maturity Treasury Rate** |
| **PIK** | **A payment-in-kind security in which the issuer may make interest or dividend payments in cash or additional securities. These additional securities generally have the same terms as the original holdings.** |
| **SOFR** | **Secured Overnight Financing Rate** |

---

Notes to Schedule of Investments

December 31, 2025 (Unaudited)

**1. Significant Accounting Policies**

The Fund is an investment company that applies the accounting and reporting guidance issued in Topic 946, *Financial Services – Investment Companies*, by the Financial Accounting Standards Board ("FASB"). The following is a summary of the significant accounting policies of the Fund. These policies are in conformity with accounting principles generally accepted in the United States of America ("US GAAP").

**A. Security Valuation.** The Fund has adopted US GAAP fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1—Unadjusted
quoted market prices in active markets for identical securities

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2—Quoted
prices for identical or similar assets in markets that are not active, or inputs derived from observable market data

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3—Significant
unobservable inputs (including the reporting entity's estimates and assumptions)

Valuations for domestic and foreign fixed income securities are normally determined on the basis of evaluations provided by independent pricing services. Vendors typically value such securities based on one or more inputs described in the following table which is not intended to be a complete list. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed income securities in which the Fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income securities. Securities that use similar valuation techniques and inputs as described in the following table 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. Assets and liabilities may be transferred between levels.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of Inputs** |
| All | 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 proprietary pricing models such as yield measures calculated using factors such as cash flows, financial or collateral performance and other reference data (collectively referred to as "standard inputs") |
| Corporate bonds and notes; convertible securities | Standard inputs and underlying equity of the issuer |
| US bonds and notes of government and government agencies | Standard inputs |
| Residential and commercial mortgage-backed obligations; asset-backed obligations (including collateralized loan obligations) | Standard inputs and cash flows, prepayment information, default rates, delinquency and loss assumptions, collateral characteristics, credit enhancements and specific deal information, trustee reports |
| Bank loans | Standard inputs |

---

Investments in registered open-end management investment companies will be valued based upon the net asset value ("NAV") of such investments and are categorized as Level 1 of the fair value hierarchy.

Common stocks, exchange-traded funds and financial derivative instruments, such as futures contracts or options contracts, that are traded on a national securities or commodities exchange, are typically valued at the last reported sales price, in the case of common stocks and exchange-traded funds, or, in the case of futures contracts or options contracts, the settlement price determined by the relevant exchange. 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.

Over-the-counter financial derivative instruments, such as forward currency exchange contracts, options 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 valuations obtained from counterparties, published index closing levels or evaluated prices supplied by independent pricing services, some or all of which may be based on market data from trading on exchanges that closed significantly before the time as of which the Fund calculates its NAV. Forward foreign currency contracts are generally valued based on rates provided by independent data providers. Exchange traded futures and options on futures are generally valued at the settlement price determined by the relevant exchange on which they principally trade, and exchange traded options are generally valued at the last trade price on the exchange on which they principally trade. The Fund does not normally take into account trading, clearances or settlements that take place after the close of the principal exchange or market on which such securities are traded. Depending on the instrument and the terms of the transaction, the value of the derivative instruments can be estimated by a pricing service provider using a series of techniques, such as simulation pricing models. The pricing models use issuer details and other inputs that are observed from actively quoted markets such as indices, spreads, interest rates, curves, dividends and exchange rates. Derivatives that use similar valuation techniques and inputs as described above are normally categorized as Level 2 of the fair value hierarchy.

The Fund's holdings in whole loans, securitizations and certain other types of alternative lending-related instruments may be valued based on prices provided by a third-party pricing service.

Senior secured floating rate loans for which an active secondary market exists to a reliable degree will be valued at the mean of the last available bid/ask prices in the market for such loans, as provided by an independent pricing service. Where an active secondary market does not exist to a reliable degree in the judgment of DoubleLine Capital LP (the "Adviser" or "DoubleLine Capital"), such loans will be valued at fair value based on certain factors.

In respect of certain commercial real estate-related, residential real estate-related and certain other investments for which a limited market may exist, the Valuation Designee (as defined below) may value such investments based on appraisals conducted by an independent valuation advisor or a similar pricing agent. However, an independent valuation firm may not be retained to undertake an evaluation of an asset unless the NAV, market price and other aspects of an investment exceed certain significance thresholds.

The Board of Trustees has adopted a pricing and valuation policy for use by the Fund and its Valuation Designee in calculating the Fund's NAV. Pursuant to Rule 2a-5 under the 1940 Act, the Fund has designated the Adviser as its "Valuation Designee" to perform all of the fair value determinations as well as to perform all of the responsibilities that may be performed by the Valuation Designee in accordance with Rule 2a-5. The Valuation Designee is authorized to make all necessary determinations of the fair values of portfolio securities and other assets for which market quotations are not readily available or if it is deemed that the prices obtained from brokers and dealers or independent pricing services are unreliable.

The following is a summary of the fair valuations according to the inputs used to value the Fund's investments as of December 31, 2025:

---

| | |
|:---|:---|
| **Category** | |
| &nbsp;&nbsp;**Investments in Securities** |  |
| &nbsp;&nbsp;Level 1 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Short Term Investments | $5874522 |
| **Total Level 1** | 5874522 |
| &nbsp;&nbsp;**Level 2** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Obligations | $72256324 |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Collateralized Mortgage Obligations | 69536066 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Government and Agency Mortgage Backed Obligations | 56102026 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | 48422320 |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | 46726154 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign Corporate Bonds | 8950690 |
| &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Bonds, Foreign Agencies and Foreign Government Sponsored Corporations | 4325434 |
| &nbsp;&nbsp;&nbsp;&nbsp;US Corporate Bonds | 3761866 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Obligations | 2938916 |
| &nbsp;&nbsp;**Total Level 2** | 313319796 |
| &nbsp;&nbsp;**Level 3** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Obligations | $658135 |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Obligations | 72130 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 71177 |
| &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | 3462 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | 81 |
| &nbsp;&nbsp;**Total Level 3** | 804985 |
| &nbsp;&nbsp;**Total** | $319999303 |

---

*See the Schedule of Investments for further disaggregation of investment categories.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DoubleLine Opportunistic Credit Fund

- **b. Investment Company Act file number:** 811-22592

- **c. CIK number of Registrant:** 0001525201

- **d. LEI of Registrant:** 5493003RT2VL4QLFXN55

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

  - **Street Address 1:** 2002 North Tampa Street

  - **City:** Tampa

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 33602

  - **Telephone number:** 813-791-7333

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

- **a. Name of Series:** DoubleLine Opportunistic Credit Fund

- **c. LEI of Series:** 5493003RT2VL4QLFXN55

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $324280626.08

**Total Liabilities:** $26573102.33

**Net Assets:** $297707523.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 117.000000000000 | **1-Year:** 7132.000000000000 | **5-Year:** 31667.000000000000 | **10-Year:** 19759.000000000000 | **30-Year:** 3531.000000000000

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

- **3-Month:** 207.000000000000 | **1-Year:** 9946.000000000000 | **5-Year:** 31273.000000000000 | **10-Year:** 13042.000000000000 | **30-Year:** 3031.000000000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.01%                | 0.07%                | -0.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-12553.77               | $-890161.12                                |
| Month 2  | $-1154708.72             | $-564763.01                                |
| Month 3  | $43501.36                | $-1624779.78                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                            | Title                                                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AREIT CRE Trust                                 | AREIT 2025-CRE10 Ltd                                                             | CUSIP: 00193DAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    930000 | PA      | $924756.66    | 0.31%             | 2030-01-17      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo                  | Arbor Realty Commercial Real Estate Notes 2022-FL1 Ltd                           | CUSIP: 03880XAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003650.00   | 0.34%             | 2037-01-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2023-5YR4                                                                  | CUSIP: 06211FBR8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18014884 | PA      | $439954.09    | 0.15%             | 2056-12-15      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                        | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31520.66     | 0.01%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                              | Bausch + Lomb Corp                                                               | CUSIP: C0787FAF9<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    515114 | PA      | $516401.80    | 0.17%             | 2028-09-29      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| ASTRA ACQUISTION CORP                           | Astra Acquisition Corp                                                           | CUSIP: 04629UAR7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    144415 | PA      | $609.43       | 0.00%             | 2028-10-25      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                             | Banco Davivienda SA                                                              | CUSIP: BP0665714<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $189964.70    | 0.06%             | 2031-04-22      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Connecticut Avenue Securities Trust 2022-R01                                     | CUSIP: 20754LAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3110920.20   | 1.04%             | 2041-12-25      | Floating      | 9.87%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                 | Fannie Mae Interest Strip                                                        | CUSIP: 3136FC2N5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    108159 | PA      | $18362.20     | 0.01%             | 2036-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397GRY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1870312 | PA      | $222617.86    | 0.07%             | 2037-04-15      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397JG73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    151974 | PA      | $9654.05      | 0.00%             | 2037-06-15      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                          | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc               | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $109422.49    | 0.04%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FLASH COMPUTE LLC                               | Flash Compute LLC                                                                | CUSIP: 33853QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29760.39     | 0.01%             | 2030-12-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2020-HQA2                                          | CUSIP: 35565LBE5<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3642410.70   | 1.22%             | 2050-03-25      | Floating      | 11.59%                | No            |                  2 | On Loan: No      |
| FULL HOUSE RESORTS INC                          | Full House Resorts Inc                                                           | CUSIP: 359678AC3<br>LEI: 5493009DKIWW0H901Y82 | Long             | DBT              | CORP              | US        |    145000 | PA      | $126512.50    | 0.04%             | 2028-02-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38378D3K9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    338435 | PA      | $67466.06     | 0.02%             | 2039-12-16      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38379FN70<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5829306 | PA      | $710010.00    | 0.24%             | 2045-11-20      | Floating      | 2.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382JYQ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4483992 | PA      | $83069.99     | 0.03%             | 2050-09-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                | Peruvian Government International Bond                                           | CUSIP: 715638DQ2<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    550000 | PA      | $299970.00    | 0.10%             | 2060-12-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                      | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    319000 | PA      | $334830.98    | 0.11%             | 2041-11-13      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage T                  | Ready Capital Mortgage Financing 2023-FL11 LLC                                   | CUSIP: 75575RAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1257336.25   | 0.42%             | 2039-10-25      | Floating      | 7.26%                 | No            |                  2 | On Loan: No      |
| POLARIS NEWCO LLC                               | Polaris Newco LLC                                                                | CUSIP: 73108RAB4<br>LEI: 254900LEPDAG7EDOA064 | Long             | LON              | CORP              | US        |    528118 | PA      | $510494.39    | 0.17%             | 2028-06-05      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                  | Sabre GLBL Inc                                                                   | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |   1120352 | PA      | $997113.58    | 0.33%             | 2029-11-15      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                          | CHL Mortgage Pass-Through Trust 2007-4                                           | CUSIP: 12544RBL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1275177 | PA      | $194172.91    | 0.07%             | 2037-05-25      | Floating      | 2.85%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | CSMC Mortgage-Backed Trust 2006-5                                                | CUSIP: 12637VAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3109404 | PA      | $491239.45    | 0.17%             | 2036-06-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF CHILE                               | Chile Government International Bond                                              | CUSIP: 168863DQ8<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    400000 | PA      | $248800.00    | 0.08%             | 2061-01-22      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                            | Colombia Government International Bond                                           | CUSIP: 195325CU7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    300000 | PA      | $219225.00    | 0.07%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396LL32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47711 | PA      | $4156.98      | 0.00%             | 2036-12-25      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396VJN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    461768 | PA      | $61562.21     | 0.02%             | 2037-04-25      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398FD81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2735013 | PA      | $289542.12    | 0.10%             | 2036-08-25      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398MBV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82076 | PA      | $3493.33      | 0.00%             | 2040-02-25      | Floating      | 0.76%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38379BE38<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1381211 | PA      | $153372.85    | 0.05%             | 2039-12-16      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38379BFH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3169646 | PA      | $292327.23    | 0.10%             | 2044-04-16      | Floating      | 2.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38380Q3A8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10674646 | PA      | $569188.13    | 0.19%             | 2071-05-20      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38380QXV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9270549 | PA      | $525019.94    | 0.18%             | 2071-02-01      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382HD64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5645597 | PA      | $218616.70    | 0.07%             | 2050-08-20      | Floating      | 0.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382QJ68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11589657 | PA      | $25005.84     | 0.01%             | 2051-05-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                 | HGI CRE CLO 2021-FL2 Ltd                                                         | CUSIP: 40390JAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    568647 | PA      | $570190.19    | 0.19%             | 2036-09-17      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                  | RALI Series 2007-QS6 Trust                                                       | CUSIP: 75116CAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120611 | PA      | $189242.93    | 0.06%             | 2037-04-25      | Floating      | 23.53%                | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                  | Sabre GLBL Inc                                                                   | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     14000 | PA      | $11914.74     | 0.00%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                  | Sabre GLBL Inc                                                                   | CUSIP: 78573NAN2<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     25000 | PA      | $20577.01     | 0.01%             | 2030-03-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STICHTING ADMINISTRATIEKANTOOR UNIGEL CREDITORS | STICHTING ADMINISTRATIEKANTOOR UNIGEL CREDITORS                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |       261 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TPG Real Estate Finance                         | TRTX 2022-FL5 Issuer Ltd                                                         | CUSIP: 87277JAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1098572.20   | 0.37%             | 2039-02-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                  | Velocity Commercial Capital Loan Trust 2018-1                                    | CUSIP: 92257AAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    364718 | PA      | $332595.12    | 0.11%             | 2048-04-25      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                 | Venture XXX CLO Ltd                                                              | CUSIP: 92331NAG1<br>LEI: 5493001R7OPCYBM5NH78 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501681.75    | 0.17%             | 2031-01-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                            | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |     45000 | PA      | $48440.84     | 0.02%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                                 | Vibrant Clo XR Ltd                                                               | CUSIP: 92563MAJ6<br>LEI: 254900WDQ070GAG88491 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1005753.70   | 0.34%             | 2036-04-20      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                            | Raizen Fuels Finance SA                                                          | CUSIP: ZD3788001<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $305300.00    | 0.10%             | 2054-03-05      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HUSKY HOLDINGS LLC                              | Husky Holdings LLC                                                               | CUSIP: C8856UAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $151323.00    | 0.05%             | 2029-02-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396YN99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1159328 | PA      | $96876.91     | 0.03%             | 2038-04-25      | Floating      | 2.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397H6T0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1333425 | PA      | $159044.14    | 0.05%             | 2037-05-15      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397KY70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295279 | PA      | $23616.09     | 0.01%             | 2037-10-15      | Floating      | 2.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31397LZ28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    607104 | PA      | $54627.84     | 0.02%             | 2038-07-25      | Floating      | 2.06%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitizati                  | Residential Asset Securitization Trust 2006-A6                                   | CUSIP: 76113FAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1624593 | PA      | $370090.05    | 0.12%             | 2036-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE H                        | Synergy Infrastructure Holdings LLC                                              | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51961.14     | 0.02%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137A3MT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1283707 | PA      | $124052.14    | 0.04%             | 2040-11-15      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137A6EB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    547031 | PA      | $40821.98     | 0.01%             | 2041-02-15      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398PZ93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    486310 | PA      | $33843.95     | 0.01%             | 2040-05-25      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| LFT CRE 2021-FL1, LLC                           | LMNT CRE 2025-FL3 LLC                                                            | CUSIP: 50208TAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1210000 | PA      | $1213014.11   | 0.41%             | 2043-07-21      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2021-FL7 Ltd                                                                 | CUSIP: 55284AAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $986942.00    | 0.33%             | 2036-10-16      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| PETSMART LLC/PETSMART FI                        | PetSmart LLC / PetSmart Finance Corp                                             | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $254722.35    | 0.09%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                  | RALI Series 2007-QS6 Trust                                                       | CUSIP: 75116CEF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    560525 | PA      | $466061.72    | 0.16%             | 2037-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ReadyCap Commercial Mortgage T                  | Ready Capital Mortgage Financing 2023-FL12 LLC                                   | CUSIP: 75575AAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003567.00   | 0.34%             | 2038-05-25      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                    | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49184.93     | 0.02%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                              | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55620.12     | 0.02%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                           | Six Flags Entertainment Corp                                                     | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43212.93     | 0.01%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                             | CUSIP: 91087BAP5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $118550.00    | 0.04%             | 2071-04-19      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                  | Velocity Commercial Capital Loan Trust 2018-1                                    | CUSIP: 92257AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    344674 | PA      | $322778.46    | 0.11%             | 2048-04-25      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| VICTRA HLDG/VICTRA FIN                          | Victra Holdings LLC / Victra Finance Corp                                        | CUSIP: 92648DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $169596.48    | 0.06%             | 2029-09-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PMHC II INC                                     | Vibrantz Technologies Inc                                                        | CUSIP: 69346EAG2<br>LEI: 549300GYZ1T3S8OPH343 | Long             | LON              | CORP              | US        |    243137 | PA      | $136224.73    | 0.05%             | 2029-04-23      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                        | Univision Communications Inc                                                     | CUSIP: 914908BD9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    528757 | PA      | $530343.01    | 0.18%             | 2029-06-25      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                            | Veritiv Operating Co                                                             | CUSIP: 92338TAB2<br>LEI: 5493004G8OK5L1UTIY12 | Long             | LON              | CORP              | US        |    765831 | PA      | $766830.82    | 0.26%             | 2030-11-29      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL BORROWER LLC                         | OneDigital Borrower LLC                                                          | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |    675000 | PA      | $682175.25    | 0.23%             | 2032-07-02      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                            | LifePoint Health Inc                                                             | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |   1186219 | PA      | $1191437.96   | 0.40%             | 2031-05-19      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| VICTRA HOLDINGS LLC                             | Victra Holdings LLC                                                              | CUSIP: 50226BAN8<br>LEI: 549300KWDYQKQSF0MQ18 | Long             | LON              | CORP              | US        |   1477855 | PA      | $1481779.19   | 0.50%             | 2029-03-29      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                           | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $55717.42     | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BGL82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3735759 | PA      | $441243.17    | 0.15%             | 2051-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396P3F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93133 | PA      | $8416.59      | 0.00%             | 2037-03-25      | Floating      | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31397NKA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    317329 | PA      | $24391.99     | 0.01%             | 2036-03-25      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398NPE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70830 | PA      | $6945.60      | 0.00%             | 2039-11-25      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382LNV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8652369 | PA      | $1242496.59   | 0.42%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382M5P0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6135927 | PA      | $876820.29    | 0.29%             | 2051-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2013-C14                              | CUSIP: 46640LAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8212634 | PA      | $35578.77     | 0.01%             | 2046-08-15      | Variable      | 0.44%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2014-C19                              | CUSIP: 46641WAN7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1644636 | PA      | $657854.40    | 0.22%             | 2047-04-15      | Variable      | 3.75%                 | No            |                  3 | On Loan: No      |
| K HOVNANIAN ENTERPRISES                         | K Hovnanian Enterprises Inc                                                      | CUSIP: 48251UAQ1<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20341.19     | 0.01%             | 2033-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| KKR Industrial Portfolio Trust                  | KIND Commercial Mortgage Trust 2024-1                                            | CUSIP: 494925AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $601339.56    | 0.20%             | 2041-08-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2024-FL16                                                                    | CUSIP: 55287EAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1240000 | PA      | $1232971.68   | 0.41%             | 2039-11-18      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd.            | Husky Injection Molding Systems Ltd., Senior Secured First Lien Term Loan        | CUSIP: C8856UAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    599098 | PA      | $604381.89    | 0.20%             | 2029-02-15      | Floating      | 7.59%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                           | Ellucian Holdings Inc                                                            | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    180000 | PA      | $181912.50    | 0.06%             | 2032-11-22      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                 | AREIT 2023-CRE8 LLC                                                              | CUSIP: 04002BAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    200000 | PA      | $200766.80    | 0.07%             | 2041-08-17      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2025-LUNR                                                               | CUSIP: 05594CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    719021 | PA      | $723772.83    | 0.24%             | 2040-06-15      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-NQM5                                                                   | CUSIP: 28225KAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2509854.00   | 0.84%             | 2070-11-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136A1P25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    441818 | PA      | $49023.76     | 0.02%             | 2039-09-25      | Floating      | 2.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BFQ55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13433538 | PA      | $2409.98      | 0.00%             | 2051-04-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396P2E0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    151008 | PA      | $11067.34     | 0.00%             | 2037-03-25      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396QFB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65869 | PA      | $3545.36      | 0.00%             | 2039-07-25      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| MOTION FINCO SARL                               | Motion Finco Sarl                                                                | CUSIP: 61980LAB5<br>LEI: 2549002L1LBQZKA7UN30 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $179779.24    | 0.06%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | NRZT 2025-NQM6                                                                   | CUSIP: 64832KAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1011924.00   | 0.34%             | 2065-10-25      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | NRZT 2025-NQM6                                                                   | CUSIP: 64832KAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    920000 | PA      | $905749.20    | 0.30%             | 2065-10-25      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                  | RALI Series 2006-QS7 Trust                                                       | CUSIP: 748940AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    978489 | PA      | $803532.96    | 0.27%             | 2036-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MLN US HOLDCO LLC                               | MLN US Holdco LLC                                                                | CUSIP: 55292HAU7<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |      2539 | PA      | $1523.30      | 0.00%             | 2030-06-20      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| NEP GROUP INC                                   | NEP Group Inc                                                                    | CUSIP: 62908HAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    733250 | PA      | $675506.22    | 0.23%             | 2031-10-17      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| PORT OF SPAIN WATERFRONT                        | Port Of Spain Waterfront Development                                             | CUSIP: YR4551713<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |    193333 | PA      | $193333.33    | 0.06%             | 2040-02-19      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BANCO LATINOAMERICANO SA                        | Banco Latinoamericano de Comercio Exterior SA                                    | CUSIP: 05968CAD4<br>LEI: 549300CN3134K4LC0651 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $204798.00    | 0.07%             | 2032-09-17      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                         | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $510984.95    | 0.17%             | 2053-05-20      | Fixed         | 8.90%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                            | BlueMountain CLO 2013-2 Ltd                                                      | CUSIP: 09626YAW0<br>LEI: 549300KGXMRFX2DKIX03 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001185.90   | 0.34%             | 2030-10-22      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2014-UBS4 Mortgage Trust                                                    | CUSIP: 12591QAH5<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |      5000 | PA      | $0.01         | 0.00%             | 2047-08-10      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | CSMC Mortgage-Backed Trust 2006-9                                                | CUSIP: 126380AB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219284 | PA      | $207518.93    | 0.07%             | 2036-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora                  | Chase Mortgage Finance Trust Series 2007-S3                                      | CUSIP: 16163HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1342533 | PA      | $548094.70    | 0.18%             | 2037-05-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor                  | Credit Suisse First Boston Mortgage Securities Corp                              | CUSIP: 2254W0PC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1588812 | PA      | $770538.71    | 0.26%             | 2035-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DOLP Trust                                      | DOLP Trust 2021-NYC                                                              | CUSIP: 23345LAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $780809.60    | 0.26%             | 2041-05-10      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-INV4                                                                   | CUSIP: 26846DAJ3<br>LEI: 254900KQZEY4W9F3MX66 | Long             | ABS-MBS          | CORP              | US        |   2704000 | PA      | $2721134.17   | 0.91%             | 2070-10-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2018-KF56 Mortgage Trust                                                   | CUSIP: 30307QAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    695146 | PA      | $628508.98    | 0.21%             | 2028-11-25      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397EBQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    293810 | PA      | $34097.42     | 0.01%             | 2036-12-15      | Floating      | 2.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397RVH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     72416 | PA      | $5374.30      | 0.00%             | 2038-03-15      | Floating      | 1.55%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                            | Garda World Security Corp                                                        | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    235000 | PA      | $239778.49    | 0.08%             | 2032-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                   | GoldenTree Loan Management US CLO 27 Ltd                                         | CUSIP: 38140AAN8<br>LEI: 254900H1TTX80VH1NW52 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1007554.50   | 0.34%             | 2039-01-20      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38377V2C9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    500074 | PA      | $50252.66     | 0.02%             | 2041-05-20      | Floating      | 1.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38379AL24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1968667 | PA      | $256015.55    | 0.09%             | 2044-03-20      | Floating      | 2.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38380XQ75<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6442503 | PA      | $291984.55    | 0.10%             | 2048-08-20      | Floating      | 0.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382LD24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2539425 | PA      | $339528.21    | 0.11%             | 2050-12-20      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382LNR8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6603252 | PA      | $985584.26    | 0.33%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382Q3U2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6558847 | PA      | $859449.69    | 0.29%             | 2051-05-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA                        | AI Candelaria -spain- SA                                                         | CUSIP: BP4790179<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | CO        |    350000 | PA      | $310850.75    | 0.10%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA                                | CSN Resources SA                                                                 | CUSIP: BU2177212<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $315490.00    | 0.11%             | 2032-04-08      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEXKO GLOBAL INC                                | Dexko Global Inc                                                                 | CUSIP: 25213YAU9<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | LON              | CORP              | US        |    405795 | PA      | $403638.08    | 0.14%             | 2028-10-04      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC                             | Applied Systems Inc                                                              | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    170000 | PA      | $173320.95    | 0.06%             | 2032-02-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| APRO LLC                                        | Apro LLC                                                                         | CUSIP: 03834XAP8<br>LEI: 549300HALLMPVGYAKP14 | Long             | LON              | CORP              | US        |    944269 | PA      | $950171.11    | 0.32%             | 2031-07-09      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| ASPIRE BAKERIES HOLDING                         | Aspire Bakeries Holdings LLC                                                     | CUSIP: N/A<br>LEI: 549300MWN7R72KAKOD18       | Long             | LON              | CORP              | US        |    163760 | PA      | $164907.57    | 0.06%             | 2030-12-23      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| AVEANNA HEALTHCARE LLC                          | Aveanna Healthcare LLC                                                           | CUSIP: 05549DAN8<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |    940000 | PA      | $947106.40    | 0.32%             | 2032-09-17      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| AUTOPISTAS DEL SOL SA                           | Autopistas del Sol SA/Costa Rica                                                 | CUSIP: AN7506248<br>LEI: N/A                  | Long             | DBT              | CORP              | CR        |    115454 | PA      | $116191.75    | 0.04%             | 2030-12-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                | GWT 2024-WLF2                                                                    | CUSIP: 362414AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1509781.20   | 0.51%             | 2041-05-15      | Floating      | 7.39%                 | No            |                  2 | On Loan: No      |
| GPMT Ltd.                                       | GPMT 2021-FL4 Ltd                                                                | CUSIP: 36262TAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $995592.00    | 0.33%             | 2036-12-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                   | GS Mortgage-Backed Securities Trust 2025-NQM4                                    | CUSIP: 36272UAE8<br>LEI: 25490076N7JFR2Y3CU63 | Long             | ABS-MBS          | CORP              | US        |    584000 | PA      | $582810.80    | 0.20%             | 2065-10-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38384GR85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6782437 | PA      | $1110790.98   | 0.37%             | 2051-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta                  | Greystone CRE Notes 2021-FL3 Ltd                                                 | CUSIP: 39809PAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    800000 | PA      | $801611.20    | 0.27%             | 2039-07-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta                  | Greystone CRE Notes 2025-FL4 LLC                                                 | CUSIP: 39810MAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    880000 | PA      | $883728.56    | 0.30%             | 2043-01-15      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| HPS Investment Partners                         | Highbridge Loan Management 2013-2 Ltd                                            | CUSIP: 44330DAL4<br>LEI: 549300BGJH0LJLGIUQ46 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000053.70   | 0.34%             | 2029-10-20      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| GROUPE SOLMAX INC                               | Groupe Solmax Inc                                                                | CUSIP: C4127PAB7<br>LEI: 549300UUEKZ3HF9FNI46 | Long             | LON              | CORP              | CA        |     58990 | PA      | $48802.09     | 0.02%             | 2028-07-24      | Floating      | 8.68%                 | No            |                  2 | On Loan: No      |
| Dewolf Park clo, ltd                            | Dewolf Park CLO Ltd                                                              | CUSIP: 25211AAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501052.00    | 0.17%             | 2030-10-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                    | Ecopetrol SA                                                                     | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    250000 | PA      | $186213.63    | 0.06%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136ATTW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3063561 | PA      | $340899.33    | 0.11%             | 2046-09-25      | Floating      | 2.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396QTH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44422 | PA      | $2846.30      | 0.00%             | 2037-07-25      | Floating      | 1.16%                 | No            |                  2 | On Loan: No      |
| EAGLE PARENT CORP                               | Eagle Parent Corp                                                                | CUSIP: 26972CAC6<br>LEI: 5493007MVERDD2NKNE42 | Long             | LON              | CORP              | US        |     85915 | PA      | $86252.06     | 0.03%             | 2029-04-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| EMPRESA DE TRANSMISION                          | Empresa de Transmision Electrica SA                                              | CUSIP: ZS3565737<br>LEI: 254900RX1DOMC83TZ320 | Long             | DBT              | CORP              | PA        |    200000 | PA      | $154581.00    | 0.05%             | 2049-05-02      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD                      | Atlas Senior Loan Fund XIV                                                       | CUSIP: 04942CAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1700000 | PA      | $1711398.67   | 0.57%             | 2032-07-20      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2024-FL13 LLC                                                                | CUSIP: 05555MAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002152.00   | 0.34%             | 2039-09-19      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                         | BDS 2025-FL15 LLC                                                                | CUSIP: 05556EAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1260000 | PA      | $1265438.16   | 0.43%             | 2043-03-19      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                              | BX Trust 2019-OC11                                                               | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840000 | PA      | $776544.89    | 0.26%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                        | BXMT 2021-FL4 Ltd                                                                | CUSIP: 05609GAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    298846 | PA      | $298517.68    | 0.10%             | 2038-05-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2025-5YR17                                                                 | CUSIP: 06211GBN5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15514000 | PA      | $1237117.39   | 0.42%             | 2058-11-15      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2020-BNK26                                                                  | CUSIP: 06540JAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5843520 | PA      | $298657.05    | 0.10%             | 2063-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BSST Mortgage Trust                             | Beast 2021-1818 Mortgage Trust                                                   | CUSIP: 07403PAS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $45465.60     | 0.02%             | 2036-03-15      | Floating      | 9.87%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust 2005-85CB                                                 | CUSIP: 12668BEK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    509834 | PA      | $394260.84    | 0.13%             | 2036-02-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO                          | Asurion LLC and Asurion Co-Issuer Inc                                            | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20762.53     | 0.01%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BCAP LLC Trust                                  | BCAP LLC 2010-RR6 Trust                                                          | CUSIP: 05533CDC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    458859 | PA      | $205422.34    | 0.07%             | 2037-07-26      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2025-C11 Mortgage Trust                                                      | CUSIP: 05613XAM7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1089000 | PA      | $862655.71    | 0.29%             | 2058-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit                  | Bain Capital Credit CLO 2022-5 Ltd                                               | CUSIP: 05685JAS8<br>LEI: 2549006QHSDKOK7W7A26 | Long             | ABS-CBDO         | CORP              | US        |   4000000 | PA      | $4032707.20   | 1.35%             | 2037-01-24      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2024-V10 Mortgage Trust                                                | CUSIP: 08163UAK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $920862.00    | 0.31%             | 2057-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                    | CD 2017-CD6 Mortgage Trust                                                       | CUSIP: 125039AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12773492 | PA      | $147317.96    | 0.05%             | 2050-11-13      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon CLO 2018-1 Ltd                                                            | CUSIP: 13877AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1438017.75   | 0.48%             | 2031-07-15      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora                  | Chase Mortgage Finance Trust Series 2007-S1                                      | CUSIP: 16163FAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1276365 | PA      | $489749.64    | 0.16%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 26                  | Octagon Investment Partners 26 Ltd                                               | CUSIP: 675714AG4<br>LEI: 549300ZYOSZSIH0Y3392 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $38154.20     | 0.01%             | 2030-07-15      | Floating      | 12.26%                | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 30                  | Octagon Investment Partners 30 Ltd                                               | CUSIP: 675921AC4<br>LEI: 549300CDNDWWERRAUA43 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $3461.80      | 0.00%             | 2030-03-17      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| PFP III                                         | PFP 2024-11 Ltd                                                                  | CUSIP: 69291WAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    995530 | PA      | $997699.14    | 0.34%             | 2039-09-17      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| BOXER PARENT CO INC                             | Boxer Parent Co Inc                                                              | CUSIP: 05988HAN7<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |   1360000 | PA      | $1314610.00   | 0.44%             | 2032-07-30      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC                                    | Acrisure LLC                                                                     | CUSIP: 00488PAV7<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |    402342 | PA      | $402531.52    | 0.14%             | 2030-11-06      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| 1261229 BC LTD                                  | 1261229 BC Ltd                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |    668325 | PA      | $654460.60    | 0.22%             | 2030-10-08      | Floating      | 9.97%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                              | Bausch + Lomb Corp                                                               | CUSIP: N/A<br>LEI: 549300NY6OZM39SO6475       | Long             | LON              | CORP              | CA        |    622800 | PA      | $630117.90    | 0.21%             | 2031-01-15      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                          | Orbia Advance Corp SAB de CV                                                     | CUSIP: AP3279415<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |    600000 | PA      | $434179.14    | 0.15%             | 2048-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon Capital CLO 2017-1 Ltd                                                    | CUSIP: 13876HAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $956724.50    | 0.32%             | 2030-07-15      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon Capital CLO 2021-1 Ltd                                                    | CUSIP: 13877FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2250000 | PA      | $2136171.60   | 0.72%             | 2034-04-15      | Floating      | 10.58%                | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi                  | Carlyle Global Market Strategies CLO 2015-5 Ltd                                  | CUSIP: 14311QAN7<br>LEI: 5493007AYUHLOG0AMH17 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1462271.85   | 0.49%             | 2032-01-20      | Floating      | 10.85%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                | Connecticut Avenue Securities Trust 2021-R01                                     | CUSIP: 20754RAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2996000 | PA      | $3094883.28   | 1.04%             | 2041-10-25      | Floating      | 9.87%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-INV4                                                                   | CUSIP: 26846DAK0<br>LEI: 254900KQZEY4W9F3MX66 | Long             | ABS-MBS          | CORP              | US        |   1659000 | PA      | $1650500.11   | 0.55%             | 2070-10-25      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| ELDORADO INTL FIN GMBH                          | Eldorado Intl. Finance GmbH                                                      | CUSIP: 284697AC3<br>LEI: 2549002HQE45WFK9EY03 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $206440.00    | 0.07%             | 2032-12-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2024-FL9 Issuer LLC                                                    | CUSIP: 30338WAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1195465.20   | 0.40%             | 2039-10-19      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2025-FL10 Issuer LLC                                                   | CUSIP: 30340KAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1140000 | PA      | $1126293.78   | 0.38%             | 2042-08-19      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137B7AC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1354418 | PA      | $139014.51    | 0.05%             | 2054-01-15      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137H0RN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8300554 | PA      | $12032.48     | 0.00%             | 2051-06-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396VDR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1104227 | PA      | $100903.97    | 0.03%             | 2037-04-25      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396WK96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42996 | PA      | $4074.85      | 0.00%             | 2037-07-25      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396WVN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    130067 | PA      | $10415.27     | 0.00%             | 2037-07-25      | Floating      | 2.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396YGE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    268044 | PA      | $27337.63     | 0.01%             | 2038-02-25      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31397MKE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    446138 | PA      | $37584.15     | 0.01%             | 2038-08-25      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397PJE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69761 | PA      | $5364.39      | 0.00%             | 2037-11-15      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1                                    | FIVE 2023-V1 Mortgage Trust                                                      | CUSIP: 337964AR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    583000 | PA      | $548587.84    | 0.18%             | 2056-02-10      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                   | GS Mortgage-Backed Securities Corp Trust 2025-NQM6                               | CUSIP: 362933AH6<br>LEI: 254900X1ABPQ6D4G6D07 | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $322768.81    | 0.11%             | 2029-11-25      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382RBM9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3871735 | PA      | $487136.26    | 0.16%             | 2051-04-20      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383TKA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3512967 | PA      | $518874.65    | 0.17%             | 2051-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                  | Gray Media Inc                                                                   | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     67000 | PA      | $72165.43     | 0.02%             | 2029-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta                  | Greystone CRE Notes 2021-FL3 Ltd                                                 | CUSIP: 39809PAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002973.00   | 0.34%             | 2039-07-15      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta                  | Greystone CRE Notes 2021-FL3 Ltd                                                 | CUSIP: 39809PAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1103677.30   | 0.37%             | 2039-07-15      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2015-C29                              | CUSIP: 46644RAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10827635 | PA      | $108.28       | 0.00%             | 2048-05-15      | Variable      | 0.38%                 | No            |                  2 | On Loan: No      |
| Jimmy John's Funding LLC                        | Jimmy Johns Funding LLC                                                          | CUSIP: 47760QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1097250 | PA      | $1097282.26   | 0.37%             | 2047-07-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan US Government Money M                  | JPMorgan US Government Money Market Fund                                         | CUSIP: 4812C2270<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |   1958174 | NS      | $1958173.98   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KREF 2021-FL2 Ltd                               | KREF 2021-FL2 Ltd                                                                | CUSIP: 48275RAG2<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $992230.00    | 0.33%             | 2039-02-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| EISNER ADVISORY GROUP LL                        | Eisner Advisory Group LLC                                                        | CUSIP: 28259HAG6<br>LEI: 549300TV33NKCG2ZE467 | Long             | LON              | CORP              | US        |    304803 | PA      | $307328.74    | 0.10%             | 2031-02-28      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| ASTRA ACQUISTION CORP                           | Astra Acquisition Corp                                                           | CUSIP: 04629UAN6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     90390 | PA      | $18981.99     | 0.01%             | 2028-02-25      | Floating      | 11.05%                | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                             | LBM Acquisition LLC                                                              | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    698505 | PA      | $657100.89    | 0.22%             | 2031-06-06      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                            | Cengage Learning Inc                                                             | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |     71304 | PA      | $71681.42     | 0.02%             | 2031-03-24      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    876994 | PA      | $878721.62    | 0.30%             | 2032-07-01      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921HAC9<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    143006 | PA      | $143287.78    | 0.05%             | 2032-07-01      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| ATLAS OPCO LLC                                  | Atlas OpCo LLC                                                                   | CUSIP: 04943UAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     30107 | PA      | $27247.13     | 0.01%             | 2030-10-24      | Floating      | 10.63%                | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC                        | Comision Federal de Electricidad                                                 | CUSIP: BN8781641<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $151078.32    | 0.05%             | 2051-02-09      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Allegany Park CLO, Ltd.                         | Allegany Park CLO Ltd                                                            | CUSIP: 01714PAL3<br>LEI: 549300D5KL0IVFLIND32 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $970865.20    | 0.33%             | 2035-01-20      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| ARDN 2025-ARCP Mortgage Trust                   | ARDN 2025-ARCP Mortgage Trust                                                    | CUSIP: 039961AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $652640.11    | 0.22%             | 2035-06-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Bcapb LLC Trust                                 | BCAPB LLC Trust 2007-AB1                                                         | CUSIP: 05529DAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8058323 | PA      | $2922465.42   | 0.98%             | 2037-03-25      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2021-VIEW                                                               | CUSIP: 05606GAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840000 | PA      | $839717.09    | 0.28%             | 2036-06-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                        | BRSP 2024-FL2 Ltd                                                                | CUSIP: 05613BAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1064000 | PA      | $1063222.22   | 0.36%             | 2037-08-19      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Bank5                                           | BANK5 2023-5YR1                                                                  | CUSIP: 06644EBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  64020367 | PA      | $350767.59    | 0.12%             | 2056-04-15      | Variable      | 0.27%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                              | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146300.00    | 0.05%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S                  | BBCMS Mortgage Trust 2025-5C34                                                   | CUSIP: 07337BAM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $440221.65    | 0.15%             | 2058-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2018-B1 Mortgage Trust                                                 | CUSIP: 08162PAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11573687 | PA      | $114326.04    | 0.04%             | 2051-01-15      | Variable      | 0.52%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2025-V16 Mortgage Trust                                                | CUSIP: 08164RAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    720000 | PA      | $618502.97    | 0.21%             | 2058-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                              | BMO 2025-5C12 Mortgage Trust                                                     | CUSIP: 09663VAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13368000 | PA      | $1205182.68   | 0.40%             | 2058-10-15      | Variable      | 2.06%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | CSMC Mortgage-Backed Trust 2006-9                                                | CUSIP: 126380CC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    151410 | PA      | $106661.91    | 0.04%             | 2036-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T                  | Alternative Loan Trust 2005-85CB                                                 | CUSIP: 12668BEL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107669 | PA      | $88977.72     | 0.03%             | 2036-02-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                   | Citigroup Mortgage Loan Trust Inc                                                | CUSIP: 17310CAD4<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    243508 | PA      | $171983.74    | 0.06%             | 2035-10-25      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                   | CommScope LLC                                                                    | CUSIP: 203372AV9<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25151.30     | 0.01%             | 2028-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                   | CommScope LLC                                                                    | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20218.00     | 0.01%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                            | Cornerstone Building Brands Inc                                                  | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |     75000 | PA      | $55561.50     | 0.02%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                    | Ecopetrol SA                                                                     | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    250000 | PA      | $180528.83    | 0.06%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-INV2                                                                   | CUSIP: 281914AE1<br>LEI: 254900ZO1GLQXE3JWX68 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $101849.92    | 0.03%             | 2070-05-26      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-NQM2                                                                   | CUSIP: 281917AJ3<br>LEI: 254900BQMS9ITLPQGJ53 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $494182.15    | 0.17%             | 2070-06-25      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-NQM5                                                                   | CUSIP: 28225KAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2733000 | PA      | $2703841.08   | 0.91%             | 2070-11-25      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136A3KT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    803216 | PA      | $572230.36    | 0.19%             | 2042-01-25      | Floating      | 1.42%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136A6WN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    781195 | PA      | $63314.58     | 0.02%             | 2042-06-25      | Floating      | 2.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BBH47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2709721 | PA      | $493206.62    | 0.17%             | 2060-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137A4T98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1483498 | PA      | $167254.60    | 0.06%             | 2040-12-15      | Floating      | 2.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137AFAV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    518663 | PA      | $50341.03     | 0.02%             | 2041-09-15      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396PBJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1687021 | PA      | $218840.67    | 0.07%             | 2037-01-25      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396PWM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    854040 | PA      | $92351.15     | 0.03%             | 2037-03-25      | Floating      | 2.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396QCR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88026 | PA      | $7940.18      | 0.00%             | 2039-07-25      | Floating      | 1.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396VE46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85857 | PA      | $5324.15      | 0.00%             | 2037-05-25      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396W3B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2228295 | PA      | $245919.93    | 0.08%             | 2037-08-25      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397FRQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    176818 | PA      | $14080.67     | 0.00%             | 2037-03-15      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397H6A1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1651076 | PA      | $147709.69    | 0.05%             | 2037-05-15      | Floating      | 2.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397JZU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    958770 | PA      | $101228.06    | 0.03%             | 2037-07-15      | Floating      | 2.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398FJ36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    272648 | PA      | $22879.45     | 0.01%             | 2049-11-25      | Floating      | 2.01%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                | Freddie Mac Strips                                                               | CUSIP: 3142G42C4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20434957 | PA      | $3711492.57   | 1.25%             | 2052-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli                  | First American Government Obligations Fund                                       | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1958174 | NS      | $1958173.98   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2021-HQA3                                          | CUSIP: 35564KKL2<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3091626.90   | 1.04%             | 2041-09-25      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2021-DNA6                                          | CUSIP: 35564KLV9<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3133576.80   | 1.05%             | 2041-10-25      | Floating      | 11.37%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2021-DNA7                                          | CUSIP: 35564KMH9<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1209328.92   | 0.41%             | 2041-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                           | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     45000 | PA      | $47404.79     | 0.02%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                   | GS Mortgage-Backed Securities Trust 2025-NQM5                                    | CUSIP: 36273GAE8<br>LEI: 254900MQ3DUBXKU1DC81 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501576.00    | 0.17%             | 2065-07-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                   | GS Mortgage-Backed Securities Trust 2025-NQM5                                    | CUSIP: 36273GAF5<br>LEI: 254900MQ3DUBXKU1DC81 | Long             | ABS-MBS          | CORP              | US        |   1830000 | PA      | $1812881.81   | 0.61%             | 2065-07-25      | Variable      | 7.71%                 | 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        |    235000 | PA      | $244000.27    | 0.08%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38376JKP8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    282209 | PA      | $28034.40     | 0.01%             | 2039-11-16      | Floating      | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38377JPL1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     19546 | PA      | $259.94       | 0.00%             | 2039-03-20      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382M3B3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8464172 | PA      | $1347358.24   | 0.45%             | 2051-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2015-C32                              | CUSIP: 46590JAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16358000 | PA      | $163.58       | 0.00%             | 2048-11-15      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                         | JetBlue Airways Corp / JetBlue Loyalty LP                                        | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35291.77     | 0.01%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                              | Kohl's Corp                                                                      | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |     30000 | PA      | $33075.21     | 0.01%             | 2030-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                           | Lehman Mortgage Trust 2007-4                                                     | CUSIP: 52521LAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1151943 | PA      | $529355.12    | 0.18%             | 2037-05-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust                           | Lehman Mortgage Trust 2007-10                                                    | CUSIP: 52522QAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    134170 | PA      | $131568.55    | 0.04%             | 2038-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LSTAR Commercial Mortgage Trus                  | LSTAR Commercial Mortgage Trust 2017-5                                           | CUSIP: 54910TAQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $936240.80    | 0.31%             | 2050-03-10      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2024-FL14 LLC                                                                | CUSIP: 55416AAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004607.00   | 0.34%             | 2039-03-19      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 39                  | Octagon Investment Partners 39 Ltd                                               | CUSIP: 67592AAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    900000 | PA      | $892499.76    | 0.30%             | 2030-10-20      | Floating      | 9.90%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T                  | STWD 2021-FL2 Ltd                                                                | CUSIP: 78486BAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1203062.40   | 0.40%             | 2038-04-18      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei                  | Santander Mortgage Asset Receivable Trust 2025-NQM5                              | CUSIP: 80262CAH1<br>LEI: 254900FHBJ2YHHBOAU80 | Long             | ABS-MBS          | CORP              | US        |   1064000 | PA      | $1048448.58   | 0.35%             | 2065-08-25      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co                   | Sierra Timeshare 2023-2 Receivables Funding LLC                                  | CUSIP: 82650BAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148125 | PA      | $156072.62    | 0.05%             | 2040-04-20      | Fixed         | 9.72%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXIII                                                            | CUSIP: 83614BAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2501398.50   | 0.84%             | 2034-07-15      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| STICHTING ADMINISTRATIEKANTOOR A D R            | STICHTING ADMINISTRATIEKANTOOR A D R                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |       711 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2015-C28                                   | CUSIP: 94989JAC0<br>LEI: 549300S7ENI2U7O0XH56 | Long             | ABS-MBS          | CORP              | US        |  20099681 | PA      | $47549.82     | 0.02%             | 2048-05-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | Wind River 2021-3 CLO Ltd                                                        | CUSIP: 97316DAW6<br>LEI: 254900AGKLJSTAXGRN27 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1001782.80   | 0.34%             | 2038-04-20      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| COSAN OVERSEAS LTD                              | Cosan Overseas Ltd                                                               | CUSIP: EI4473803<br>LEI: 222100V5GTJGKUH55655 | Long             | DBT              | CORP              | BR        |    300000 | PA      | $303525.00    | 0.10%             | 2026-02-05      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Asphalt ATD Holdco, LLC                         | Asphalt ATD Holdco, LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1014 | NS      | $212.94       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| ALTICE FRANCE/LUXCO 3 SHARES                    | ALTICE FRANCE/LUXCO 3 SHARES                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      3953 | NS      | $70844.69     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                             | Avianca Midco 2 PLC                                                              | CUSIP: YR1272081<br>LEI: N/A                  | Long             | DBT              | CORP              | CO        |    200000 | PA      | $200820.00    | 0.07%             | 2030-02-14      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| SIMPAR EUROPE SA                                | Simpar Europe SA                                                                 | CUSIP: BN5372345<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | BR        |    450000 | PA      | $362812.50    | 0.12%             | 2031-01-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LERETA LLC                                      | Lereta LLC                                                                       | CUSIP: 52675EAJ3<br>LEI: 549300VK5GMZ4QV5U417 | Long             | LON              | CORP              | US        |    114742 | PA      | $106040.80    | 0.04%             | 2028-08-07      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                                     | Asurion LLC                                                                      | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    270000 | PA      | $265912.20    | 0.09%             | 2029-01-22      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| BRAND INDUSTRIAL SERVICE                        | Brand Industrial Services Inc                                                    | CUSIP: 10524MAS6<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |    294870 | PA      | $269504.27    | 0.09%             | 2030-08-01      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                            | Cornerstone Building Brands Inc                                                  | CUSIP: 72431HAE0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    133650 | PA      | $95448.15     | 0.03%             | 2031-05-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                            | Cengage Learning Inc                                                             | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |    121266 | PA      | $121907.09    | 0.04%             | 2031-03-24      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| FINTHRIVE SOFTWARE INTER                        | FinThrive Software Intermediate Holdings Inc                                     | CUSIP: 31810YAE0<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |    129250 | PA      | $76472.70     | 0.03%             | 2029-12-17      | Floating      | 10.82%                | No            |                  2 | On Loan: No      |
| HEXION HOLDINGS CORP                            | Hexion Holdings Corp                                                             | CUSIP: 00217XAE6<br>LEI: 549300LBB370MUHGLV84 | Long             | LON              | CORP              | US        |   1168071 | PA      | $1129483.96   | 0.38%             | 2029-03-15      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                        | SGH2 LLC, Senior Secured First Lien Term Loan                                    | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    785000 | PA      | $788925.00    | 0.27%             | 2032-08-18      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                         | Zayo Group Holdings Inc                                                          | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |    341960 | PA      | $325484.45    | 0.11%             | 2030-03-11      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                         | Zayo Group Holdings Inc                                                          | CUSIP: 98919XAH4<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | LON              | CORP              | US        |      3250 | PA      | $3093.44      | 0.00%             | 2030-03-11      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                             | LCM 26 Ltd                                                                       | CUSIP: 50200GAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $1366493.00   | 0.46%             | 2031-01-20      | Floating      | 9.45%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd                  | LoanCore 2025 2025-CRE8 Issuer LLC                                               | CUSIP: 53947FAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    650000 | PA      | $646246.90    | 0.22%             | 2042-08-17      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                               | Magnetite XXIV Ltd                                                               | CUSIP: 55954XAE7<br>LEI: 549300P6T1S83Z2MDF55 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003330.30   | 0.34%             | 2035-04-15      | Floating      | 10.30%                | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2024-FL15                                                                    | CUSIP: 58003MAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003342.00   | 0.34%             | 2041-08-18      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                               | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAN1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | IN        |    400000 | PA      | $403537.54    | 0.14%             | 2032-10-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-8                                                | CUSIP: 924930AK6<br>LEI: 213800K8E68XJS6Z1D09 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1513662.30   | 0.51%             | 2070-09-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-4                                                | CUSIP: 92540UAG2<br>LEI: 2138009ZO3B2B5MAHZ49 | Long             | ABS-MBS          | CORP              | US        |    212000 | PA      | $216843.80    | 0.07%             | 2070-05-25      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                        | BRSP 2021-FL1 Ltd                                                                | CUSIP: 05591XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1204322.40   | 0.40%             | 2038-08-19      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                              | BSPRT 2023-FL10 Issuer Ltd                                                       | CUSIP: 05610VAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1404412.80   | 0.47%             | 2035-09-15      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2014-UBS3 Mortgage Trust                                                    | CUSIP: 12591YAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  21556532 | PA      | $215.57       | 0.00%             | 2047-06-10      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382RPN2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  31954891 | PA      | $94803.77     | 0.03%             | 2051-04-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXVI Ltd                                                         | CUSIP: 83614XAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2001571.00   | 0.67%             | 2034-07-20      | Floating      | 7.50%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                   | UBS Commercial Mortgage Trust 2018-C12                                           | CUSIP: 90353DBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $915512.20    | 0.31%             | 2051-08-15      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                         | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327TAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29575.23     | 0.01%             | 2032-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| UNIGEL NETHERLANDS HOLD                         | Unigel Netherlands Holding Corp BV                                               | CUSIP: YR0563258<br>LEI: 213800UOXJTQ82DWTJ78 | Long             | DBT              | CORP              | BR        |    262806 | PA      | $8541.19      | 0.00%             | 2044-12-31      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| CAP SA                                          | CAP SA                                                                           | CUSIP: BP2326778<br>LEI: 54930079GPG23NTBB003 | Long             | DBT              | CORP              | CL        |    400000 | PA      | $327369.64    | 0.11%             | 2031-04-27      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL                              | FS Luxembourg Sarl                                                               | CUSIP: 30315XAD6<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $206350.00    | 0.07%             | 2033-06-25      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                            | FS Rialto 2021-FL3                                                               | CUSIP: 30323CAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1199000 | PA      | $1203426.71   | 0.40%             | 2036-11-16      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137AJE75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1171141 | PA      | $108161.30    | 0.04%             | 2041-11-15      | Floating      | 1.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397BA68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    209933 | PA      | $90442.48     | 0.03%             | 2036-09-15      | Floating      | 10.43%                | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                | Getty Images Inc                                                                 | CUSIP: 374276AR4<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35315.81     | 0.01%             | 2030-11-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                | Vital Energy Inc                                                                 | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98596.40     | 0.03%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN                        | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAB6<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |    240000 | PA      | $246900.00    | 0.08%             | 2033-06-10      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization T                  | Willis Engine Structured Trust VI                                                | CUSIP: 97064GAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    404678 | PA      | $398776.38    | 0.13%             | 2046-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI                        | Yinson Bergenia Production BV                                                    | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $209924.97    | 0.07%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GAINWELL ACQUISITION COR                        | Gainwell Acquisition Corp                                                        | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1404237 | PA      | $1382120.42   | 0.46%             | 2027-10-01      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| X CORP                                          | X Corp                                                                           | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1543077 | PA      | $1519382.97   | 0.51%             | 2029-10-29      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| GOLDEN STATE FOODS LLC                          | Golden State Foods LLC                                                           | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    302764 | PA      | $305035.23    | 0.10%             | 2031-12-04      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                  | CSAIL 2016-C6 Commercial Mortgage Trust                                          | CUSIP: 12636MAG3<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |   2447179 | PA      | $24.47        | 0.00%             | 2049-01-15      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                  | Dcli Bidco LLC                                                                   | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77153.43     | 0.03%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage                  | Deephaven Residential Mortgage Trust 2025-INV1                                   | CUSIP: 24382EAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $500437.00    | 0.17%             | 2060-11-25      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                         | Dornoch Debt Merger Sub Inc                                                      | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $52018.97     | 0.02%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multiclass Certifi                  | Freddie Mac Multiclass Certificates Series 2021-P009                             | CUSIP: 3137H13X2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  27848459 | PA      | $717791.24    | 0.24%             | 2031-01-25      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2021-DNA2                                          | CUSIP: 35564KDY2<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2473122.80   | 0.83%             | 2033-08-25      | Floating      | 9.87%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2025-VIS3                                               | CUSIP: 46594EAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    879000 | PA      | $882638.71    | 0.30%             | 2066-02-25      | Variable      | 6.76%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                  | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-MFP                  | CUSIP: 46651MAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1153000 | PA      | $8049.50      | 0.00%             | 2036-07-15      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat                  | Lendingpoint 2022-B Asset Securitization Trust                                   | CUSIP: 52606WAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265906 | PA      | $265091.35    | 0.09%             | 2029-10-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-1                                                | CUSIP: 92540TAF7<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $627964.75    | 0.21%             | 2070-01-25      | Variable      | 7.36%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-5                                                | CUSIP: 92540XAF8<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |    675000 | PA      | $676058.40    | 0.23%             | 2070-06-25      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-10                                               | CUSIP: 92541FAG4<br>LEI: 213800OGLOX4BB4D6N90 | Long             | ABS-MBS          | CORP              | US        |   1411000 | PA      | $1417726.24   | 0.48%             | 2070-06-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2015-NXS4                                  | CUSIP: 94989XBL8<br>LEI: 549300RD723OFH36TP29 | Long             | ABS-MBS          | CORP              | US        |    138315 | PA      | $135964.92    | 0.05%             | 2048-12-15      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| INEOS US PETROCHEM LLC                          | INEOS US Petrochem LLC                                                           | CUSIP: G4770MAL8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    256100 | PA      | $181831.00    | 0.06%             | 2029-03-29      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER                        | Edelman Financial Engines Center LLC/The                                         | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |   1215000 | PA      | $1215510.30   | 0.41%             | 2028-10-06      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| INEOS US PETROCHEM LLC                          | INEOS US Petrochem LLC                                                           | CUSIP: G4770MAN4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    786050 | PA      | $530092.47    | 0.18%             | 2031-10-07      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                         | ION Platform Finance US Inc                                                      | CUSIP: 46206RAC9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | LON              | CORP              | US        |    154889 | PA      | $145817.05    | 0.05%             | 2032-09-30      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL HOLDCO                         | Allied Universal Holdco LLC                                                      | CUSIP: 019576AD9<br>LEI: 98450038B4549046D794 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263618.44    | 0.09%             | 2031-02-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35669.85     | 0.01%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2025-ROIC                                                               | CUSIP: 05593VAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    936348 | PA      | $933553.85    | 0.31%             | 2030-03-15      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA                             | Banco Davivienda SA                                                              | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $209976.00    | 0.07%             | 2035-07-02      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2025-BCAT                                           | CUSIP: 12433HAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    603719 | PA      | $606749.03    | 0.20%             | 2042-08-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                  | CSAIL 2016-C5 Commercial Mortgage Trust                                          | CUSIP: 12636LBE9<br>LEI: 549300FU8TZDHFLQZL50 | Long             | ABS-MBS          | CORP              | US        |    148220 | PA      | $147655.54    | 0.05%             | 2048-11-15      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                              | Cipher Compute LLC                                                               | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $45887.98     | 0.02%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II,                  | Compass Datacenters Issuer II LLC                                                | CUSIP: 20469AAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $510708.90    | 0.17%             | 2049-02-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DEALER TIRE LLC/DT ISSR                         | Dealer Tire LLC / DT Issuer LLC                                                  | CUSIP: 24229JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95510.82     | 0.03%             | 2028-02-01      | Fixed         | 8.00%                 | 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        |     55000 | PA      | $56243.10     | 0.02%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 37 Senior Loan Fund                                                       | CUSIP: 26249MAW7<br>LEI: 254900I0IPNA482LDS44 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1385341.35   | 0.47%             | 2031-01-15      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382JZ41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4978447 | PA      | $959766.49    | 0.32%             | 2050-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2014-UBS4 Mortgage Trust                                                    | CUSIP: 12591QAG7<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    555279 | PA      | $137.71       | 0.00%             | 2047-08-10      | Fixed         | 3.75%                 | No            |                  3 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2015-CCRE23 Mortgage Trust                                                  | CUSIP: 12593AAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  27394000 | PA      | $21649.48     | 0.01%             | 2048-05-10      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382MF61<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  22562150 | PA      | $3309948.56   | 1.11%             | 2051-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382NRG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9012014 | PA      | $1039749.41   | 0.35%             | 2051-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus                  | CSAIL 2018-CX12 Commercial Mortgage Trust                                        | CUSIP: 12595XAZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1865953.00   | 0.63%             | 2051-08-15      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| FIDEIC IRR ADMIN 4323                           | Fideicomiso Irrevocable de Administracion y Fuente de Pago Numero CIB/4323       | CUSIP: 171928AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    202000 | PA      | $56055.00     | 0.02%             | 2030-09-12      | None          | 11.00%                | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382UAD3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5760815 | PA      | $142063.99    | 0.05%             | 2051-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382VET2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12513886 | PA      | $66173.43     | 0.02%             | 2051-06-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                         | Dryden 40 Senior Loan Fund                                                       | CUSIP: 26244FAG2<br>LEI: 549300BH0PFEW6WVTN52 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1735557.80   | 0.58%             | 2031-08-15      | Floating      | 9.86%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                   | EchoStar Corp                                                                    | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     45000 | PA      | $49796.15     | 0.02%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382WLK1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6352747 | PA      | $1157021.29   | 0.39%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383DEZ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  15238743 | PA      | $2885843.00   | 0.97%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136A6M68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1057614 | PA      | $106945.95    | 0.04%             | 2042-07-25      | Floating      | 2.01%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                  | Fannie Mae-Aces                                                                  | CUSIP: 3136BAST2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11163228 | PA      | $257846.01    | 0.09%             | 2031-03-25      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383FRZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11575844 | PA      | $287935.23    | 0.10%             | 2051-12-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383FSB0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8794355 | PA      | $241500.03    | 0.08%             | 2051-12-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136BDQ43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4276775 | PA      | $646058.60    | 0.22%             | 2051-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137AEQ57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1020468 | PA      | $1095325.81   | 0.37%             | 2041-08-15      | Floating      | 2.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383GZ61<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5446276 | PA      | $979662.01    | 0.33%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Alternative Loan T                  | JP Morgan Alternative Loan Trust 2006-S1                                         | CUSIP: 46627MEW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     56943 | PA      | $46401.45     | 0.02%             | 2021-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137FFQB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5730570 | PA      | $919743.82    | 0.31%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137GALT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3768057 | PA      | $330446.54    | 0.11%             | 2040-10-15      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31394EWV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17460 | PA      | $1151.73      | 0.00%             | 2035-08-25      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397JYF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27398 | PA      | $2601.04      | 0.00%             | 2037-07-15      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398SKW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2164728 | PA      | $264573.09    | 0.09%             | 2040-12-25      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                   | GS Mortgage-Backed Securities Trust 2025-NQM4                                    | CUSIP: 36272UAL2<br>LEI: 25490076N7JFR2Y3CU63 | Long             | ABS-MBS          | CORP              | US        |   1321000 | PA      | $1326831.95   | 0.45%             | 2065-10-25      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382XY41<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6117243 | PA      | $164083.43    | 0.06%             | 2051-09-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383DR26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9919339 | PA      | $1609677.57   | 0.54%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383MQQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13246744 | PA      | $262729.31    | 0.09%             | 2050-08-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                         | Husky Injection Molding Systems Ltd / Titan Co-Borrower LLC                      | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    230000 | PA      | $241495.33    | 0.08%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Tru                  | IndyMac INDX Mortgage Loan Trust 2005-AR23                                       | CUSIP: 45660LF95<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    766532 | PA      | $722521.20    | 0.24%             | 2035-11-25      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2025-VIS3                                               | CUSIP: 46594EAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    602000 | PA      | $594446.59    | 0.20%             | 2066-02-25      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu                  | JPMBB Commercial Mortgage Securities Trust 2015-C27                              | CUSIP: 46644AAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $105000.00    | 0.04%             | 2048-02-15      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                  | JP Morgan Chase Commercial Mortgage Securities Trust 2019-ICON UES               | CUSIP: 46651CAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1040000 | PA      | $1030109.60   | 0.35%             | 2032-05-05      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                  | J.P. Morgan Chase Commercial Mortgage Securities Trust 2019-MFP                  | CUSIP: 46651MAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1153000 | PA      | $386255.00    | 0.13%             | 2036-07-15      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| PFP III                                         | PFP 2025-12 Ltd                                                                  | CUSIP: 69382JAD3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1250796.25   | 0.42%             | 2042-12-18      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T                  | STWD 2022-FL3 Ltd                                                                | CUSIP: 78485KAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2506437.50   | 0.84%             | 2038-11-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                              | Saavi Energia Sarl                                                               | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $217160.00    | 0.07%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC                         | Sasol Financing USA LLC                                                          | CUSIP: 80386WAD7<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | ZA        |    200000 | PA      | $169954.62    | 0.06%             | 2031-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIERRACOL EN AND/ARA/DEV                        | SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development  | CUSIP: 82653NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CO        |    200000 | PA      | $190300.00    | 0.06%             | 2030-11-14      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                         | TRTX 2022-FL5 Issuer Ltd                                                         | CUSIP: 87277JAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    758000 | PA      | $758412.35    | 0.25%             | 2039-02-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | Wind River 2014-3 CLO Ltd                                                        | CUSIP: 88432DBL7<br>LEI: 254900ZK5ODN8CA7YX85 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1005541.60   | 0.34%             | 2031-10-22      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                        | Trident TPI Holdings Inc                                                         | CUSIP: 89616RAC3<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    215000 | PA      | $220562.27    | 0.07%             | 2028-12-31      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| Vibrant CLO Ltd                                 | Vibrant CLO IV-R Ltd                                                             | CUSIP: 92558RAN3<br>LEI: 25490092S34X2G9JOV44 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $503233.45    | 0.17%             | 2037-10-20      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2016-LC24                                  | CUSIP: 95000HBM3<br>LEI: 5493007OD9MH69ES1S63 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $937911.20    | 0.32%             | 2049-10-15      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| GROUPE SOLMAX INC                               | Groupe Solmax Inc                                                                | CUSIP: C4127PAB7<br>LEI: 549300UUEKZ3HF9FNI46 | Long             | LON              | CORP              | CA        |    108541 | PA      | $89795.83     | 0.03%             | 2028-07-24      | Floating      | 9.01%                 | No            |                  2 | On Loan: No      |
| EAGLE PARENT CORP                               | Eagle Parent Corp                                                                | CUSIP: 26972CAC6<br>LEI: 5493007MVERDD2NKNE42 | Long             | LON              | CORP              | US        |    888530 | PA      | $892017.20    | 0.30%             | 2029-04-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| INEOS US FINANCE LLC                            | INEOS US Finance LLC                                                             | CUSIP: G4768PAN1<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    948027 | PA      | $771755.58    | 0.26%             | 2030-02-19      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                        | Trident TPI Holdings Inc                                                         | CUSIP: 00216EAL3<br>LEI: 549300TPLK304J3RNC85 | Long             | LON              | CORP              | US        |   1282040 | PA      | $1234617.74   | 0.41%             | 2028-09-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| FINTHRIVE SOFTWARE INTER                        | FinThrive Software Intermediate Holdings Inc                                     | CUSIP: 31810YAD2<br>LEI: 25490077VXHBSKJ52J14 | Long             | LON              | CORP              | US        |     23500 | PA      | $16241.56     | 0.01%             | 2028-12-18      | Floating      | 7.84%                 | No            |                  2 | On Loan: No      |
| JP Morgan ReRemic                               | JP Morgan Resecuritization Trust Series 2011-1                                   | CUSIP: 46635NAX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    846604 | PA      | $703046.54    | 0.24%             | 2037-06-26      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Katayma CLO Ltd                                 | Katayma CLO II Ltd                                                               | CUSIP: 485862AG1<br>LEI: 254900HW0KYG9AOGVP97 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1004572.20   | 0.34%             | 2037-04-20      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| Santander Mortgage Asset Recei                  | Santander Mortgage Asset Receivable Trust 2025-NQM6                              | CUSIP: 80265DAG8<br>LEI: 2549003RXF6LNJ2GP990 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1001807.20   | 0.34%             | 2065-11-25      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL                              | Saavi Energia Sarl                                                               | CUSIP: YR2537391<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $217160.00    | 0.07%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                           | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $51811.00     | 0.02%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS                        | Ontario Gaming GTA LP/OTG Co-Issuer Inc                                          | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    100000 | PA      | $94894.86     | 0.03%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PAMPA ENERGIA SA                                | Pampa Energia SA                                                                 | CUSIP: 697660AG3<br>LEI: 254900QNIK0CVURGML24 | Long             | DBT              | CORP              | AR        |     40000 | PA      | $39679.60     | 0.01%             | 2037-11-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitizati                  | Residential Asset Securitization Trust 2006-A6                                   | CUSIP: 76113FAM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1643089 | PA      | $185104.30    | 0.06%             | 2036-07-25      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Upstart Pass Through Trust                      | Upstart Pass-Through Trust Series 2020-ST5                                       | CUSIP: 91679XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $72130.00     | 0.02%             | 2027-07-20      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| GROUPE SOLMAX INC                               | Groupe Solmax Inc                                                                | CUSIP: C4127PAB7<br>LEI: 549300UUEKZ3HF9FNI46 | Long             | LON              | CORP              | CA        |     84945 | PA      | $70275.00     | 0.02%             | 2028-07-24      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| EAGLE PARENT CORP                               | Eagle Parent Corp                                                                | CUSIP: 26972CAC6<br>LEI: 5493007MVERDD2NKNE42 | Long             | LON              | CORP              | US        |     85915 | PA      | $86252.06     | 0.03%             | 2029-04-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo                  | Velocity Commercial Capital Loan Trust 2018-1                                    | CUSIP: 92257AAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    256243 | PA      | $239521.11    | 0.08%             | 2048-04-25      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                        | Univision Communications Inc                                                     | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    225000 | PA      | $224824.50    | 0.08%             | 2029-01-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| ADMI CORP                                       | ADMI Corp                                                                        | CUSIP: 00709LAL1<br>LEI: 5493008U1LYGMQWO7N12 | Long             | LON              | CORP              | US        |    638625 | PA      | $614037.94    | 0.21%             | 2027-12-23      | Floating      | 9.47%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                           | Directv Financing LLC                                                            | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    866657 | PA      | $870739.38    | 0.29%             | 2029-08-02      | Floating      | 9.35%                 | No            |                  2 | On Loan: No      |
| NEEDLE HOLDINGS LLC                             | Needle Holdings LLC                                                              | CUSIP: 63988HAH9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |       250 | PA      | $81.18        | 0.00%             | 2028-04-28      | Floating      | 15.25%                | No            |                  3 | On Loan: No      |
| CENTRAL PARENT LLC                              | Central Parent LLC                                                               | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    198744 | PA      | $168990.04    | 0.06%             | 2029-07-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE                                       | CommScope LLC                                                                    | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |         0 | PA      | $0.46         | 0.00%             | 2029-12-17      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| CROWN FINANCE US INC                            | Crown Finance US Inc                                                             | CUSIP: 22834KAV3<br>LEI: 254900ABTWPQTCKKR839 | Long             | LON              | CORP              | US        |   1670701 | PA      | $1650861.79   | 0.55%             | 2031-12-02      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| EG AMERICA LLC                                  | EG America LLC                                                                   | CUSIP: N/A<br>LEI: 549300BY1CRYVPEG9R57       | Long             | LON              | CORP              | US        |    603733 | PA      | $606814.87    | 0.20%             | 2028-02-07      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US                         | ION Platform Finance US Inc                                                      | CUSIP: 46206RAC9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | LON              | CORP              | US        |    870111 | PA      | $819148.70    | 0.28%             | 2032-09-30      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| PRUMO PARTICIPACOES E IN                        | Prumo Participacoes e Investimentos S/A                                          | CUSIP: ZQ2487259<br>LEI: N/A                  | Long             | DBT              | CORP              | BR        |    135087 | PA      | $138692.72    | 0.05%             | 2031-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                                 | HGI CRE CLO 2021-FL3 Ltd                                                         | CUSIP: 403950AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002492.00   | 0.34%             | 2037-04-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI                        | Kronos Acquisition Holdings Inc                                                  | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    140000 | PA      | $92575.00     | 0.03%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LFS TOPCO LLC                                   | LFS Topco LLC                                                                    | CUSIP: 50203TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35256.48     | 0.01%             | 2030-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD                             | Sound Point CLO XXIX Ltd                                                         | CUSIP: 83614VAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2002143.60   | 0.67%             | 2034-04-25      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| VAMOS EUROPE SA                                 | Vamos Europe SA                                                                  | CUSIP: 92049NAA7<br>LEI: 894500FA5CLVV8HLE261 | Long             | DBT              | CORP              | BR        |    400000 | PA      | $382400.00    | 0.13%             | 2031-01-26      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| GROUPE SOLMAX INC                               | Groupe Solmax Inc                                                                | CUSIP: C4127PAB7<br>LEI: 549300UUEKZ3HF9FNI46 | Long             | LON              | CORP              | CA        |     59137 | PA      | $48924.40     | 0.02%             | 2028-07-24      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| TRANSJAMAICAN HIGHWAY                           | TransJamaican Highway Ltd                                                        | CUSIP: ZP9867463<br>LEI: 254900AWJ3QIGYQ04W45 | Long             | DBT              | CORP              | JM        |    167431 | PA      | $156016.83    | 0.05%             | 2036-10-10      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INDIKA INTI ENERGI PT                           | Indika Energy Tbk PT                                                             | CUSIP: ZB6837841<br>LEI: 254900YVKE6BJ1I4V036 | Long             | DBT              | CORP              | ID        |    250000 | PA      | $247797.32    | 0.08%             | 2029-05-07      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397GXT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    295241 | PA      | $26303.32     | 0.01%             | 2036-11-15      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31397LNZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    888118 | PA      | $89259.93     | 0.03%             | 2038-05-25      | Floating      | 1.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398GZX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60541 | PA      | $3194.27      | 0.00%             | 2040-02-25      | Floating      | 0.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398MQW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    374386 | PA      | $17703.00     | 0.01%             | 2040-03-25      | Floating      | 0.96%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38378C3H8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4572544 | PA      | $626242.35    | 0.21%             | 2042-02-20      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38379QG74<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2117934 | PA      | $237349.24    | 0.08%             | 2045-10-20      | Floating      | 1.84%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382L4G3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3938649 | PA      | $547057.14    | 0.18%             | 2050-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                              | THL Credit Wind River 2014-2 CLO Ltd                                             | CUSIP: 88432BAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2243514.25   | 0.75%             | 2031-01-15      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: 904752AC6<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |     44227 | PA      | $25430.53     | 0.01%             | 2027-12-31      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Tra                  | VOLT XCIV LLC                                                                    | CUSIP: 92873AAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1771512 | PA      | $1773314.47   | 0.60%             | 2051-02-27      | Variable      | 8.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2018-C43                                   | CUSIP: 95001LAV4<br>LEI: 549300RVQJTKIK3XGD11 | Long             | ABS-MBS          | CORP              | US        |  43267287 | PA      | $475896.89    | 0.16%             | 2051-03-15      | Variable      | 0.57%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP                           | Ontario Gaming GTA LP, Senior Secured First Lien Term Loan                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    935479 | PA      | $867988.50    | 0.29%             | 2030-08-01      | Floating      | 8.24%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                       | MSBAM Commercial Mortgage Securities Trust 2012-CKSV                             | CUSIP: 553514AC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    839922 | PA      | $809256.17    | 0.27%             | 2030-10-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Marble Point CLO XXI Ltd.                       | Marble Point CLO XXI Ltd                                                         | CUSIP: 56606KAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501021.25    | 0.17%             | 2034-10-17      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| MONGOLIAN MINING CORP                           | Mongolian Mining Corp                                                            | CUSIP: YQ7446137<br>LEI: 254900XQ2EY5O3SAYL47 | Long             | DBT              | CORP              | MN        |    200000 | PA      | $202876.17    | 0.07%             | 2030-04-03      | Fixed         | 8.44%                 | No            |                  2 | On Loan: No      |
| MITCHELL INTERNATIONAL                          | Mitchell International Inc                                                       | CUSIP: 60662WAZ5<br>LEI: 5493002RDNIGEM7SSV41 | Long             | LON              | CORP              | US        |    985000 | PA      | $981183.13    | 0.33%             | 2032-06-17      | Floating      | 8.97%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                            | LifePoint Health Inc                                                             | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     69301 | PA      | $69489.13     | 0.02%             | 2031-05-19      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC                             | LBM Acquisition LLC                                                              | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31310.70     | 0.01%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2025-FL17 LLC                                                                | CUSIP: 55287HAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    690000 | PA      | $692817.96    | 0.23%             | 2040-02-18      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                           | Nabors Industries Inc                                                            | CUSIP: 62957HAR6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44258.02     | 0.01%             | 2032-11-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Se                  | Natixis Commercial Mortgage Securities Trust 2019-10K                            | CUSIP: 63874UAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    370000 | PA      | $344859.76    | 0.12%             | 2039-05-15      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| Octagon 73 Ltd                                  | Octagon 73 Ltd                                                                   | CUSIP: 67579HAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $502469.75    | 0.17%             | 2038-10-20      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 26                  | Octagon Investment Partners 26 Ltd                                               | CUSIP: 67590YAU4<br>LEI: 549300ZYOSZSIH0Y3392 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003906.50   | 0.34%             | 2030-07-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| PORT OF SPAIN WATERFRONT                        | Port Of Spain Waterfront Development                                             | CUSIP: 73500YAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | TT        |    193333 | PA      | $193333.33    | 0.06%             | 2040-02-19      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne                  | Pret 2025-NPL7 LLC                                                               | CUSIP: 740934AB0<br>LEI: 2549001J36X6SUZ41Q96 | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $703211.46    | 0.24%             | 2055-07-25      | Variable      | 8.35%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                  | RALI Series 2007-QS6 Trust                                                       | CUSIP: 75116CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    529451 | PA      | $402762.17    | 0.14%             | 2037-04-25      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| RR 2 LTD                                        | RR 2 Ltd                                                                         | CUSIP: 78109RAJ5<br>LEI: 54930098CLSTWMH4JW47 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $491694.10    | 0.17%             | 2036-04-15      | Floating      | 9.97%                 | No            |                  2 | On Loan: No      |
| SABRE FINANCIAL BORROWER                        | Sabre Financial Borrower LLC                                                     | CUSIP: 78573XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15213.04     | 0.01%             | 2029-06-15      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| UBS-Barclays Commercial Mortga                  | UBS-Barclays Commercial Mortgage Trust 2013-C5                                   | CUSIP: 90270YAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1263867.03   | 0.42%             | 2046-03-10      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: 904752AD4<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |     51684 | PA      | $3617.88      | 0.00%             | 2028-12-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                        | Univision Communications Inc                                                     | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94090.86     | 0.03%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-7                                                | CUSIP: 924931AK4<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $628086.31    | 0.21%             | 2070-08-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42469.24     | 0.01%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA                                | Movida Europe SA                                                                 | CUSIP: ZB2126561<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | BR        |    300000 | PA      | $283770.00    | 0.10%             | 2029-04-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: YR2658494<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |     62116 | PA      | $35716.70     | 0.01%             | 2027-12-31      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| UNIGEL LUXEMBOURG SA                            | Unigel Luxembourg SA                                                             | CUSIP: YR0526610<br>LEI: 213800Y16R77O7LH7X62 | Long             | DBT              | CORP              | BR        |    222252 | PA      | $15557.64     | 0.01%             | 2028-12-31      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| STUBHUB HOLDCO SUB LLC                          | StubHub Holdco Sub LLC                                                           | CUSIP: 74530DAH8<br>LEI: 549300NL9JUFIOARLW93 | Long             | LON              | CORP              | US        |    663252 | PA      | $658692.13    | 0.22%             | 2030-03-15      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                     | Staples Inc                                                                      | CUSIP: 855031AU4<br>LEI: XQM2JINI1UL7642TU573 | Long             | LON              | CORP              | US        |    172812 | PA      | $164549.47    | 0.06%             | 2029-09-10      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| X CORP                                          | X Corp                                                                           | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    510000 | PA      | $509178.90    | 0.17%             | 2029-10-29      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| PETSMART INC                                    | PetSmart LLC                                                                     | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    500000 | PA      | $498595.00    | 0.17%             | 2032-08-18      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                            | YPF SA                                                                           | CUSIP: AQ3401082<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    200000 | PA      | $176412.10    | 0.06%             | 2047-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                              | Morocco Government International Bond                                            | CUSIP: BM9763137<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    400000 | PA      | $292869.19    | 0.10%             | 2050-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137A1X32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    408796 | PA      | $13576.85     | 0.00%             | 2040-09-15      | Floating      | 0.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397CB57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    434989 | PA      | $44616.35     | 0.01%             | 2036-11-15      | Floating      | 2.60%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga                  | MF1 2025-FL19 LLC                                                                | CUSIP: 55287KAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1254650.00   | 0.42%             | 2042-05-18      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                               | Magnetite Xxxiii Ltd                                                             | CUSIP: 55953YAU0<br>LEI: 5493006NSAO246ZPZB29 | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $501954.35    | 0.17%             | 2037-10-20      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 44                  | Octagon Investment Partners 44 Ltd                                               | CUSIP: 67577LAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $996967.40    | 0.33%             | 2034-10-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne                  | PRET 2025-NPL8 LLC                                                               | CUSIP: 69392EAB6<br>LEI: 254900EZKI569P0YE486 | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $652624.96    | 0.22%             | 2055-08-25      | Variable      | 7.99%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                  | RALI Series 2007-QS1 Trust                                                       | CUSIP: 74922KAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    326534 | PA      | $262085.04    | 0.09%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Funding Mtg Sec I                   | RFMSI Series 2007-S2 Trust                                                       | CUSIP: 749583AD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    347480 | PA      | $268005.90    | 0.09%             | 2037-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, In                  | RALI Series 2005-QS14 Trust                                                      | CUSIP: 761118JJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    397748 | PA      | $351781.20    | 0.12%             | 2035-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                    | Voya CLO 2020-1 Ltd                                                              | CUSIP: 92918EBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1006424.30   | 0.34%             | 2034-07-16      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Washington Mutual Mortgage Pas                  | Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2006-8 Trust   | CUSIP: 93935EAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2887942 | PA      | $943787.94    | 0.32%             | 2036-10-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| FLYNN AMERICA LP                                | Flynn America LP                                                                 | CUSIP: N/A<br>LEI: 254900LBNMCVT9S9EC07       | Long             | LON              | CORP              | US        |    167656 | PA      | $166817.97    | 0.06%             | 2028-07-31      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| Pretzel Parent, Inc.                            | Pretzel Parent, Inc., Senior Secured First Lien Term Loan                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1246025 | PA      | $1233564.64   | 0.41%             | 2031-10-01      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| MLN US HOLDCO LLC                               | MLN US Holdco LLC                                                                | CUSIP: 55292HAU7<br>LEI: 549300QKU7NPW6O86862 | Long             | LON              | CORP              | US        |        67 | PA      | $40.16        | 0.00%             | 2030-06-20      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| PREGIS TOPCO LLC                                | Pregis TopCo LLC                                                                 | CUSIP: 74045BAG2<br>LEI: 549300LJXHJYHS1GM034 | Long             | LON              | CORP              | US        |   1258675 | PA      | $1270701.64   | 0.43%             | 2029-02-01      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                           | Petroleos del Peru SA                                                            | CUSIP: AN9553354<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |    400000 | PA      | $254679.00    | 0.09%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                 | AREIT 2024-CRE9 Ltd                                                              | CUSIP: 00193AAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000767.00   | 0.34%             | 2041-05-17      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| AREIT CRE Trust                                 | AREIT 2023-CRE8 LLC                                                              | CUSIP: 04002BAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002456.00   | 0.34%             | 2041-08-17      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | EFMT 2025-INV3                                                                   | CUSIP: 26847NAF8<br>LEI: 254900C1B6ZW3SK54M36 | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $546101.38    | 0.18%             | 2070-07-25      | Variable      | 7.48%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                            | FREMF 2019-KF71 Mortgage Trust                                                   | CUSIP: 30314GAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    950859 | PA      | $920470.67    | 0.31%             | 2029-10-25      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136A5FL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    124859 | PA      | $10713.88     | 0.00%             | 2042-04-25      | Floating      | 2.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 3136AFV50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1386415 | PA      | $996397.55    | 0.33%             | 2043-08-25      | Floating      | 1.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396LD98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    187898 | PA      | $14314.56     | 0.00%             | 2036-12-25      | Floating      | 2.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397PTU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1627746 | PA      | $126394.01    | 0.04%             | 2038-01-15      | Floating      | 1.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397T3F7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1241997 | PA      | $94552.51     | 0.03%             | 2038-04-15      | Floating      | 1.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 31397YX71<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     66420 | PA      | $4865.88      | 0.00%             | 2039-02-15      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                             | Freddie Mac STACR REMIC Trust 2021-HQA2                                          | CUSIP: 35564KGS2<br>LEI: 5493000ISM9M3KNO6J64 | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $2373912.40   | 0.80%             | 2033-12-25      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2015-GC28                                           | CUSIP: 36251FAG1<br>LEI: 5493002EPQ51IPGGFX73 | Long             | ABS-MBS          | CORP              | US        |    734722 | PA      | $704265.12    | 0.24%             | 2048-02-10      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                   | GS Mortgage-Backed Securities Corp Trust 2025-NQM6                               | CUSIP: 362933AG8<br>LEI: 254900X1ABPQ6D4G6D07 | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $448523.82    | 0.15%             | 2029-11-25      | Variable      | 6.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38377WGK4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    541605 | PA      | $49321.01     | 0.02%             | 2041-05-20      | Floating      | 1.53%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382UEZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7130291 | PA      | $1266225.66   | 0.43%             | 2051-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382WHF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3006959 | PA      | $26829.90     | 0.01%             | 2051-07-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38383RA23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  30595164 | PA      | $4385568.87   | 1.47%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                  | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67504.02     | 0.02%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                  | Gray Media Inc                                                                   | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46009.30     | 0.02%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd                  | HPS Loan Management 11-2017 Ltd                                                  | CUSIP: 40436WAA7<br>LEI: 549300Z5U2GIJ32SH058 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $768733.40    | 0.26%             | 2030-05-06      | Floating      | 10.25%                | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                           | Illuminate Buyer LLC / Illuminate Holdings IV Inc                                | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $109714.71    | 0.04%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31396VYC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    394175 | PA      | $34221.54     | 0.01%             | 2037-05-25      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd.            | Husky Injection Molding Systems Ltd., Senior Secured First Lien Term Loan        | CUSIP: C8856UAE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    599098 | PA      | $604381.89    | 0.20%             | 2029-02-15      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                                    | MH Sub I LLC                                                                     | CUSIP: 45567YAP0<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |    582730 | PA      | $501421.82    | 0.17%             | 2031-12-31      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398FTP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    351841 | PA      | $34446.16     | 0.01%             | 2039-11-25      | Floating      | 2.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398GRB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64101 | PA      | $7169.82      | 0.00%             | 2040-01-25      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| JACOBS SOLUTIONS INC NPV                        | JACOBS SOLUTIONS INC NPV                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       119 | NS      | $119.00       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398GZC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     81235 | PA      | $3153.52      | 0.00%             | 2040-02-25      | Floating      | 0.81%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2014-GC26                                           | CUSIP: 36250HAS2<br>LEI: 549300V3F4KBEWHAZP46 | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $254193.80    | 0.09%             | 2047-11-10      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                    | GS Mortgage Securities Trust 2018-GS9                                            | CUSIP: 36255NAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  73672477 | PA      | $527399.16    | 0.18%             | 2051-03-10      | Variable      | 0.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38379BCR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3356025 | PA      | $338020.19    | 0.11%             | 2044-04-20      | Floating      | 1.70%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                              | BSPRT 2025-FL12 Issuer LLC                                                       | CUSIP: 05619BAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    600000 | PA      | $602119.20    | 0.20%             | 2043-01-17      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                  | Barings CLO Ltd 2019-II                                                          | CUSIP: 06761HBA5<br>LEI: 549300JIWL5GWW2H2336 | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $999863.90    | 0.34%             | 2038-01-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon Capital CLO 2014-1 Ltd                                                    | CUSIP: 13875LAU2<br>LEI: 549300W778MFSPI8C872 | Long             | ABS-CBDO         | CORP              | US        |   1700000 | PA      | $1709012.72   | 0.57%             | 2031-01-30      | Floating      | 6.85%                 | No            |                  2 | On Loan: No      |
| 1345 Trust                                      | 1345T 2025-AOA                                                                   | CUSIP: 68271CAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $622860.93    | 0.21%             | 2042-06-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE                                       | CommScope LLC                                                                    | CUSIP: N/A<br>LEI: 549300Z6K4JXMFE8QY54       | Long             | LON              | CORP              | US        |   1440000 | PA      | $1444578.74   | 0.49%             | 2029-12-17      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INC                                 | Alera Group Inc                                                                  | CUSIP: 01451PAD8<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |    460000 | PA      | $470350.00    | 0.16%             | 2033-05-31      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38380WPV5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  19454793 | PA      | $489299.71    | 0.16%             | 2048-04-20      | Floating      | 0.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382J3G9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13783678 | PA      | $2456092.94   | 0.83%             | 2050-08-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382P2Y7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7553249 | PA      | $15544.59     | 0.01%             | 2051-03-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382RK56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12767738 | PA      | $280808.52    | 0.09%             | 2051-04-20      | Floating      | 0.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                        | Madison Park Funding XIV Ltd                                                     | CUSIP: 55818TAG7<br>LEI: 254900Q2IOW6JYPYIV98 | Long             | ABS-CBDO         | CORP              | US        |    850000 | PA      | $830187.35    | 0.28%             | 2030-10-22      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| MSILF Government Portfolio                      | MSILF Government Portfolio                                                       | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1958174 | NS      | $1958173.98   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| NABORS INDUSTRIES INC                           | Nabors Industries Inc                                                            | CUSIP: 62957HAQ8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87369.94     | 0.03%             | 2031-08-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                        | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                        | CUSIP: 71568QAP2<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    300000 | PA      | $222806.10    | 0.07%             | 2050-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                                              | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    700000 | PA      | $566039.11    | 0.19%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| RADIOLOGY PARTNERS INC                          | Radiology Partners Inc                                                           | CUSIP: 75041VAE4<br>LEI: 549300SFTAG2177WUZ08 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52294.38     | 0.02%             | 2032-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                             | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    500000 | PA      | $309625.00    | 0.10%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                        | United Natural Foods Inc                                                         | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105602.70    | 0.04%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-9                                                | CUSIP: 92490EAM5<br>LEI: 2138002AFCEWDDRL8N22 | Long             | ABS-MBS          | CORP              | US        |    996500 | PA      | $998459.32    | 0.34%             | 2070-10-27      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                        | United Natural Foods Inc                                                         | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |    209468 | PA      | $211248.64    | 0.07%             | 2031-05-01      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| NATGASOLINE                                     | Natgasoline LLC                                                                  | CUSIP: 63232EAD9<br>LEI: 549300OHXDYMQYZOWC24 | Long             | LON              | CORP              | US        |    484900 | PA      | $489949.99    | 0.16%             | 2030-03-29      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| Radiology Partners, Inc.                        | Radiology Partners, Inc., Senior Secured First Lien Term Loan                    | CUSIP: 75041EAN2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1280000 | PA      | $1279302.40   | 0.43%             | 2032-06-25      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| DG INVESTMENT INTERMEDI                         | DG Investment Intermediate Holdings 2 Inc                                        | CUSIP: 23344MAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1005000 | PA      | $1008768.75   | 0.34%             | 2033-07-29      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| NUMERICABLE US LLC                              | Numericable US LLC                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    742480 | PA      | $743251.84    | 0.25%             | 2031-05-15      | Floating      | 10.86%                | No            |                  2 | On Loan: No      |
| PAR PETROLEUM LLC                               | Par Petroleum LLC                                                                | CUSIP: 69889PAF2<br>LEI: 984500CCF05C2FB39F45 | Long             | LON              | CORP              | US        |    360759 | PA      | $362638.19    | 0.12%             | 2030-02-28      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                                       | Prosus NV                                                                        | CUSIP: BM8532509<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | ZA        |    400000 | PA      | $266687.41    | 0.09%             | 2051-02-08      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trus                  | WHARF Commercial Mortgage Trust 2025-DC                                          | CUSIP: 92987LAL1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630000 | PA      | $645871.97    | 0.22%             | 2040-07-15      | Variable      | 7.72%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2019-C50                                   | CUSIP: 95001XAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1569000 | PA      | $1321214.58   | 0.44%             | 2052-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES LLC                         | Windstream Services LLC                                                          | CUSIP: 97382BAB5<br>LEI: 549300KT9GVEBYCD2N29 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35908.53     | 0.01%             | 2033-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                              | Voyager Parent LLC                                                               | CUSIP: 92921HAD7<br>LEI: 2549002DYVI4ACSV4V71 | Long             | LON              | CORP              | US        |    225000 | PA      | $225443.25    | 0.08%             | 2032-07-01      | Floating      | 8.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Commercial Mortgage Trust 2024-AIRC                                           | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    496183 | PA      | $500817.42    | 0.17%             | 2041-08-15      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                     | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24886.02     | 0.01%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mor                  | Structured Adjustable Rate Mortgage Loan Trust Series 2006-1                     | CUSIP: 863579P28<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199254 | PA      | $187021.05    | 0.06%             | 2036-02-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                        | Transocean International Ltd                                                     | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20982.72     | 0.01%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                        | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |    300000 | PA      | $309189.00    | 0.10%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE MEDIA INC                            | Townsquare Media Inc                                                             | CUSIP: 89223EAG8<br>LEI: 549300XBA8C68H0DR538 | Long             | LON              | CORP              | US        |    799812 | PA      | $569865.89    | 0.19%             | 2030-02-19      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                        | Team Health Holdings Inc                                                         | CUSIP: 87817JAH1<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | LON              | CORP              | US        |    693262 | PA      | $696458.44    | 0.23%             | 2028-06-30      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| Bank                                            | BANK 2025-BNK51                                                                  | CUSIP: 06541HAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2540000 | PA      | $417913.82    | 0.14%             | 2067-12-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                        | Benchmark 2018-B4 Mortgage Trust                                                 | CUSIP: 08161HAQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1398000 | PA      | $1092248.73   | 0.37%             | 2051-07-15      | Variable      | 2.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                     | Freddie Mac REMICS                                                               | CUSIP: 3137FYVB9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10501382 | PA      | $13729.51     | 0.00%             | 2051-05-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398MX92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    301389 | PA      | $15988.04     | 0.01%             | 2040-04-25      | Floating      | 1.01%                 | No            |                  2 | On Loan: No      |
| FLYNN AMERICA LP                                | Flynn America LP                                                                 | CUSIP: N/A<br>LEI: 254900LBNMCVT9S9EC07       | Long             | LON              | CORP              | US        |    167656 | PA      | $166817.97    | 0.06%             | 2028-07-31      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| BRF SA                                          | BRF SA                                                                           | CUSIP: ZO5145958<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $168189.40    | 0.06%             | 2050-09-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FIDEICOMISO PA PACIFICO                         | Fideicomiso PA Pacifico Tres                                                     | CUSIP: JK1075825<br>LEI: 549300HPHEJ3B6YD5H05 | Long             | DBT              | CORP              | CO        |    160900 | PA      | $168945.00    | 0.06%             | 2035-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| APH/APH2/APH3/AQUARIAN                          | APH Somerset Investor 2 LLC / APH2 Somerset Investor 2 LLC / APH3 Somerset Inves | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30322.33     | 0.01%             | 2029-11-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AG Trust                                        | AG Trust 2024-NLP                                                                | CUSIP: 00792MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    632000 | PA      | $636567.08    | 0.21%             | 2041-08-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL                          | Brazilian Government International Bond                                          | CUSIP: 105756CB4<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    450000 | PA      | $328725.00    | 0.11%             | 2050-01-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2014-UBS4 Mortgage Trust                                                    | CUSIP: 12591QAF9<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |   1288300 | PA      | $143.00       | 0.00%             | 2047-08-10      | Fixed         | 3.75%                 | No            |                  3 | On Loan: No      |
| COMM Mortgage Trust                             | COMM 2015-CCRE26 Mortgage Trust                                                  | CUSIP: 12593QAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5297000 | PA      | $52.97        | 0.00%             | 2048-10-10      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                          | Canyon Capital CLO 2017-1 Ltd                                                    | CUSIP: 13876GAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1003347.60   | 0.34%             | 2030-07-15      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                        | Celanese US Holdings LLC                                                         | CUSIP: 15089QBD5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35581.89     | 0.01%             | 2034-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                        | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54662.10     | 0.02%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage                  | Deephaven Residential Mortgage Trust 2025-INV1                                   | CUSIP: 24382EAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1548000 | PA      | $1532875.58   | 0.51%             | 2060-11-25      | Variable      | 7.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                      | Fannie Mae REMICS                                                                | CUSIP: 31398MWH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    149783 | PA      | $11575.91     | 0.00%             | 2050-03-25      | Floating      | 1.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38377VE44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    305664 | PA      | $25280.70     | 0.01%             | 2041-05-20      | Floating      | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38377WVM3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    657538 | PA      | $64850.14     | 0.02%             | 2041-06-20      | Floating      | 1.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38378VYA7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3524714 | PA      | $3206793.86   | 1.08%             | 2043-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382JYJ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8414166 | PA      | $1221991.01   | 0.41%             | 2050-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A                  | Government National Mortgage Association                                         | CUSIP: 38382WSF5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3502014 | PA      | $649511.91    | 0.22%             | 2051-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                         | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                          | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $70583.63     | 0.02%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag                  | Wells Fargo Commercial Mortgage Trust 2025-5C6                                   | CUSIP: 95004TAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1268000 | PA      | $1115003.50   | 0.37%             | 2058-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT L                        | Fertitta Entertainment LLC/NV                                                    | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    486183 | PA      | $486625.65    | 0.16%             | 2029-01-29      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE FOODS LLC                          | Golden State Foods LLC                                                           | CUSIP: 38121NAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     83681 | PA      | $84308.34     | 0.03%             | 2031-12-04      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                     | Corp Nacional del Cobre de Chile                                                 | CUSIP: BM9497140<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    350000 | PA      | $228664.91    | 0.08%             | 2051-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2025-3                                                | CUSIP: 924928AF1<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |   1241000 | PA      | $1248799.69   | 0.42%             | 2070-05-25      | Variable      | 7.51%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                            | LifePoint Health Inc                                                             | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    105000 | PA      | $111650.07    | 0.04%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** DoubleLine Opportunistic Credit Fund

**Signature:** /s/ Ana Alcantara

**Name of Signer:** DoubleLine Opportunistic Credit Fund

**Title:** Vice President