# EDGAR Filing Document

**Accession Number:** 0000088525
**File Stem:** 0000940400-26-009625
**Filing Date:** 2026-3
**Character Count:** 137457
**Document Hash:** d6ed4c735fedd6ebd147252caddca4d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-009625.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000940400-26-009625

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GUGGENHEIM FUNDS TRUST
- **CENTRAL INDEX KEY:** 0000088525

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01136
- **FILM NUMBER:** 26708667

**BUSINESS ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850
- **BUSINESS PHONE:** 301-296-5100

**MAIL ADDRESS:**
- **STREET 1:** 702 KING FARM BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** ROCKVILLE
- **STATE:** MD
- **ZIP:** 20850

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SECURITY EQUITY FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Guggenheim Ultra Short Duration Fund (Series ID: S000063493)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000205703 | Class A       | GIYAX           |
| C000205704 | Institutional | GIYIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Funds Trust

- **b. Investment Company Act file number:** 811-01136

- **c. CIK number of Registrant:** 0000088525

- **d. LEI of Registrant:** 54930033G24U3UGWK691

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

  - **Street Address 1:** 702 KING FARM BOULEVARD

  - **City:** ROCKVILLE

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20850

  - **Telephone number:** 301-296-5100

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

- **a. Name of Series:** Guggenheim Ultra Short Duration Fund

- **b. EDGAR series identifier (if any):** S000063493

- **c. LEI of Series:** 549300CH4K7JJYWG0618

**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:** $556472157.52

**Total Liabilities:** $5805095.41

**Net Assets:** $550667062.11

**Cash Not Reported:** $9645316.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 10452.73877305 | **1-Year:** 60345.26164791 | **5-Year:** 31760.98394302 | **10-Year:** 4151.22239439 | **30-Year:** 660.26922420

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

- **3-Month:** 658.69015578 | **1-Year:** 2147.46755139 | **5-Year:** 1513.53343199 | **10-Year:** 38.52437271 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000205703 | 0.44%                | 0.40%                | 0.31%                |
| Class ID C000205704 | 0.47%                | 0.32%                | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1722.23                | $674212.55                                 |
| Month 2  | $-947856.06              | $1611517.44                                |
| Month 3  | $1116.56                 | $-43191.45                                 |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Goldman Sachs International                       | USD/ILS FORWARD                                                             | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-1497308.21  | -0.27%            |  |  |  | No            |                  2 | On Loan: No      |
| THE TORONTO-DOMINION BANK                         | TRS SPY US EQUITY                                                           | CUSIP: 000000000<br>LEI: PT3QB789TSUIDF371261 | N/A              | DE               | CORP              | CA        |         1 | NC      | $-699397.17   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                               | Macquarie Group Ltd                                                         | CUSIP: 55608JAK4<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |   2753000 | PA      | $2732214.00   | 0.50%             | 2028-11-28      | Fixed         | 3.76%                 | Yes           |                  2 | On Loan: No      |
| CREATIVE PLANNING INC                             | CREATIVE PLANNING LLC                                                       | CUSIP: 1261MAAE0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    150000 | PA      | $150271.50    | 0.03%             | 2031-05-19      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Banc of America Funding Corpor                    | Banc of America Funding 2015-R2 Trust                                       | CUSIP: 05990TAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     61811 | PA      | $61621.07     | 0.01%             | 2037-04-29      | Floating      | 4.11%                 | Yes           |                  3 | On Loan: No      |
| OPTION CARE HEALTH INC                            | OPTION CARE HEALTH INC                                                      | CUSIP: 68404YAD6<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | LON              | CORP              | US        |    700000 | PA      | $703283.00    | 0.13%             | 2032-09-22      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                                  | Triton Container International Ltd                                          | CUSIP: 89680YAA3<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |   2200000 | PA      | $2182743.53   | 0.40%             | 2026-04-15      | Fixed         | 2.05%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GROUP LLC                             | JANE STREET GROUP LLC                                                       | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |   1138309 | PA      | $1132105.68   | 0.21%             | 2031-12-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                          | Neuberger Berman Loan Advisers CLO 47 Ltd                                   | CUSIP: 64135DAL9<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1402429.56   | 0.25%             | 2035-04-16      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2025-7                                           | CUSIP: 924931AC2<br>LEI: 213800OVCAXDOBS94P47 | Long             | ABS-MBS          | CORP              | US        |    965638 | PA      | $969406.48    | 0.18%             | 2070-08-25      | Variable      | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Service Experts Issuer                            | Service Experts Issuer 2025-1 LLC                                           | CUSIP: 81758JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    278819 | PA      | $278772.06    | 0.05%             | 2037-01-20      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| PFP III                                           | PFP 2025-12 Ltd                                                             | CUSIP: 69382JAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1497868.65   | 0.27%             | 2042-12-18      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-41097.15    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                    | BRAVO Residential Funding Trust Series 2025-NQM8                            | CUSIP: 10571JAC0<br>LEI: 254900Z6C8GAQR4M4U49 | Long             | ABS-MBS          | CORP              | US        |    459654 | PA      | $460336.59    | 0.08%             | 2065-06-25      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                                     | United States Treasury Bill                                                 | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    220000 | PA      | $219565.70    | 0.04%             | 2026-01-22      | Floating      | 3.54%                 | No            |                  2 | On Loan: No      |
| GCAT                                              | GCAT 2025-INV3 Trust                                                        | CUSIP: 36831DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1090674 | PA      | $1112224.44   | 0.20%             | 2055-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                            | Sequoia Mortgage Trust 2025-6                                               | CUSIP: 81749YAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    383932 | PA      | $385230.21    | 0.07%             | 2055-07-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                       | Legacy Mortgage Asset Trust 2021-GS3                                        | CUSIP: 52474XAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2424717 | PA      | $2424862.94   | 0.44%             | 2061-07-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                            | Standard Chartered PLC                                                      | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1026078.96   | 0.19%             | 2029-01-21      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                          | Angel Oak Mortgage Trust 2022-1                                             | CUSIP: 03464BAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1128392 | PA      | $1023598.10   | 0.19%             | 2066-12-25      | Variable      | 3.29%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HMHR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2529689 | PA      | $2537696.32   | 0.46%             | 2051-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                            | Argent Securities Inc Asset-Backed Pass-Through Certificates Series 2005-W2 | CUSIP: 040104ND9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68807 | PA      | $68398.23     | 0.01%             | 2035-10-25      | Floating      | 4.58%                 | No            |                  3 | On Loan: No      |
| Triton Container Finance LLC                      | Triton Container Finance VIII LLC                                           | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4322812 | PA      | $4018523.63   | 0.73%             | 2046-03-20      | Fixed         | 1.86%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $65755.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                  | LG Energy Solution Ltd                                                      | CUSIP: 50205MAF6<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |   1000000 | PA      | $1018688.21   | 0.18%             | 2028-04-02      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PMT Loan Trust                                    | PMT Loan Trust 2025-INV7                                                    | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    485290 | PA      | $493070.15    | 0.09%             | 2056-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                            | Sequoia Mortgage Trust 2025-1                                               | CUSIP: 81743EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1366064 | PA      | $1381192.50   | 0.25%             | 2055-01-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                       | Ares Direct Lending CLO 6 LLC                                               | CUSIP: 039960AA7<br>LEI: 254900F5EQV7KVCD4M68 | Long             | ABS-CBDO         | CORP              | US        |   2500000 | PA      | $2502039.00   | 0.45%             | 2037-10-16      | Floating      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2024-9                                           | CUSIP: 92540RAE4<br>LEI: 213800LFRCPWSTP6LX39 | Long             | ABS-MBS          | CORP              | US        |    418495 | PA      | $421308.81    | 0.08%             | 2069-11-25      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                          | Jefferies Finance LLC / JFIN Co-Issuer Corp                                 | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $673938.65    | 0.12%             | 2028-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Vista Point Securitization Tru                    | Vista Point Securitization Trust 2025-CES1                                  | CUSIP: 92842DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    291000 | PA      | $293107.37    | 0.05%             | 2055-04-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                     | Citigroup Commercial Mortgage Trust 2019-GC41                               | CUSIP: 17328FBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22433568 | PA      | $628507.82    | 0.11%             | 2056-08-10      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                           | CF Hippolyta Issuer LLC                                                     | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2120507 | PA      | $1290768.09   | 0.23%             | 2061-03-15      | Fixed         | 1.98%                 | Yes           |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                               | BUCKEYE PARTNERS LP                                                         | CUSIP: 11823LAR6<br>LEI: 549300C1PQJLVEIUBK50 | Long             | LON              | CORP              | US        |    497908 | PA      | $500337.67    | 0.09%             | 2032-11-22      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust                                    | PMT Loan Trust 2025-INV8                                                    | CUSIP: 73015EAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2575702 | PA      | $2623916.06   | 0.48%             | 2056-07-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2025-NQM2 Trust                                                         | CUSIP: 67120VAB1<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |    386445 | PA      | $389059.11    | 0.07%             | 2064-11-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                         | Towd Point Mortgage Trust 2025-1                                            | CUSIP: 89190KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2361237 | PA      | $2370945.46   | 0.43%             | 2065-06-25      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: No      |
| J.P. MORGAN SECURITIES LLC                        | J.P. MORGAN SECURITIES LLC TRI PARTY                                        | CUSIP: 000000000<br>LEI: ZBUT11V806EZRVTWT807 | Long             | RA               | CORP              | US        |   7059535 | PA      | $7059535.00   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential                     | Starwood Mortgage Residential Trust 2020-1                                  | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35862 | PA      | $34280.23     | 0.01%             | 2050-02-25      | Variable      | 2.27%                 | Yes           |                  3 | On Loan: No      |
| FLEETCOR TECHNOLOGIES INC                         | FLEETCOR TECHNOLOGIES INC                                                   | CUSIP: 33903RBA6<br>LEI: 549300FKKKZCXLK48427 | Long             | LON              | CORP              | US        |    700000 | PA      | $700147.00    | 0.13%             | 2032-11-05      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                    | HOMES 2025-AFC3 Trust                                                       | CUSIP: 43762AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1538021 | PA      | $1537881.79   | 0.28%             | 2060-08-25      | Variable      | 4.93%                 | Yes           |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                 | NatWest Group PLC                                                           | CUSIP: 639057AU2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    650000 | PA      | $652933.61    | 0.12%             | 2029-05-23      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                          | United Wholesale Mortgage LLC                                               | CUSIP: 913229AC4<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002665.00   | 0.18%             | 2027-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BXHP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2491577 | PA      | $2504827.43   | 0.45%             | 2053-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD ASSET MANAGEM                          | Brookfield Asset Management Ltd                                             | CUSIP: 113004AB1<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |   1350000 | PA      | $1359676.00   | 0.25%             | 2030-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                              | LHOME Mortgage Trust 2025-RTL3                                              | CUSIP: 50205YAA1<br>LEI: 529900XB146PHFHY2T23 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $752171.78    | 0.14%             | 2040-08-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                          | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                         | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2611345.78   | 0.47%             | 2026-10-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| JABIL INC                                         | Jabil Inc                                                                   | CUSIP: 466313AM5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600833.93    | 0.11%             | 2027-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                    | HOMES 2024-AFC2 Trust                                                       | CUSIP: 437920AC5<br>LEI: 254900GDF2MBHUV58Z95 | Long             | ABS-MBS          | CORP              | US        |    773777 | PA      | $779196.83    | 0.14%             | 2059-10-25      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                        | JCP Direct Lending CLO 2023-1 LLC                                           | CUSIP: 46656TAS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2503379.50   | 0.45%             | 2037-07-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Merit                                             | MHP 2022-MHIL                                                               | CUSIP: 55293DAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1200000 | PA      | $1198181.16   | 0.22%             | 2039-01-15      | Floating      | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                          | Neuberger Berman CLO 32R Ltd                                                | CUSIP: 64135XAC5<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300881.67    | 0.05%             | 2039-07-20      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                    | Golub Capital Partners CLO 54M L.P                                          | CUSIP: 38181GAA3<br>LEI: 2549007JA1TZWEDGPD41 | Long             | ABS-CBDO         | CORP              | KY        |   5250000 | PA      | $5254600.58   | 0.95%             | 2037-08-05      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| RWC Commercial Mortgage Securi                    | RWC Commercial Mortgage 2025-1 Trust                                        | CUSIP: 78348LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    479651 | PA      | $480418.70    | 0.09%             | 2040-06-25      | Fixed         | 5.01%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                            | Taco Bell Funding LLC                                                       | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3193125 | PA      | $3110790.91   | 0.56%             | 2051-08-25      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                    | CFMT 2022-HB9 LLC                                                           | CUSIP: 12530GAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1046096 | PA      | $1032285.79   | 0.19%             | 2037-09-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL                    | Stack Infrastructure Issuer LLC                                             | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $691586.49    | 0.13%             | 2050-05-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HMCR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    903820 | PA      | $904948.45    | 0.16%             | 2052-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                    | PRPM 2025-7 LLC                                                             | CUSIP: 69382YAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150843 | PA      | $1153692.71   | 0.21%             | 2030-08-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| AGL CLO 1 Ltd.                                    | AGL CLO 42 Ltd                                                              | CUSIP: 00791YAE8<br>LEI: 254900AMSJHVKQ5QFA09 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002542.50   | 0.18%             | 2038-07-22      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                    | PRPM 2025-6 LLC                                                             | CUSIP: 69395KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    693148 | PA      | $694263.81    | 0.13%             | 2028-08-25      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Soundview Home Equity Loan Tru                    | Soundview Home Loan Trust 2006-OPT5                                         | CUSIP: 83612CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    603942 | PA      | $590726.33    | 0.11%             | 2036-07-25      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                    | BRAVO Residential Funding Trust 2024-NQM5                                   | CUSIP: 105925AC5<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |    495304 | PA      | $499064.18    | 0.09%             | 2064-06-25      | Variable      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BWU53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2243368 | PA      | $2247258.96   | 0.41%             | 2053-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                    | JP Morgan Chase Commercial Mortgage Securities Trust 2021-NYAH              | CUSIP: 46654EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2384000.10   | 0.43%             | 2038-06-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                          | Cheplapharm Arzneimittel GmbH                                               | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    700000 | PA      | $690412.45    | 0.13%             | 2028-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Textainer Marine Containers Li                    | Textainer Marine Containers VII Ltd                                         | CUSIP: 88315LAE8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |    356708 | PA      | $345638.85    | 0.06%             | 2045-08-21      | Fixed         | 2.73%                 | Yes           |                  2 | On Loan: No      |
| AVANTOR FUNDING INC                               | Avantor Funding Inc                                                         | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1392393.13   | 0.25%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                               | Owl Rock CLO IV Ltd                                                         | CUSIP: 691200AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4195765 | PA      | $4195074.66   | 0.76%             | 2033-08-20      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne                    | Oak Street Investment Grade Net Lease Fund Series 2020-1                    | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5277577 | PA      | $4799532.89   | 0.87%             | 2050-11-20      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC                               | Silgan Holdings Inc                                                         | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2330021.55   | 0.42%             | 2026-04-01      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: No      |
| NRG ENERGY INC                                    | NRG Energy Inc                                                              | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1294260.89   | 0.24%             | 2029-06-15      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                          | BRSP 2021-FL1 Ltd                                                           | CUSIP: 05591XAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4250000 | PA      | $4242143.03   | 0.77%             | 2038-08-19      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                              | Cross 2025-H6 Mortgage Trust                                                | CUSIP: 22758TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1137977 | PA      | $1142712.94   | 0.21%             | 2070-07-25      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                                | F&G Global Funding                                                          | CUSIP: 30321L2J0<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2075284.06   | 0.38%             | 2030-01-16      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Cerberus                                          | Cerberus Loan Funding 51 LLC                                                | CUSIP: 15675QAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5500000 | PA      | $5513762.65   | 1.00%             | 2037-10-15      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Imperial Fund LLC                                 | Imperial Fund Mortgage Trust 2022-NQM2                                      | CUSIP: 45276PAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3436313 | PA      | $3246459.42   | 0.59%             | 2067-03-25      | Variable      | 4.02%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2021-6                                           | CUSIP: 92538MAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1359354 | PA      | $1207608.41   | 0.22%             | 2066-10-25      | Variable      | 1.89%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2021-3                                           | CUSIP: 92539LAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    445530 | PA      | $393413.13    | 0.07%             | 2066-06-25      | Variable      | 1.44%                 | Yes           |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora                    | Chase Home Lending Mortgage Trust 2025-5                                    | CUSIP: 161935AE1<br>LEI: 529900V91KVGSU3Z1A61 | Long             | ABS-MBS          | CORP              | US        |   1671659 | PA      | $1682548.17   | 0.31%             | 2056-04-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2025-J3 Trust                                                           | CUSIP: 67449KAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1159295 | PA      | $1155942.48   | 0.21%             | 2055-10-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| LRECS 2025-CRE1 LLC                               | LRECS 2025-CRE1 LLC                                                         | CUSIP: 50230AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250000 | PA      | $250450.43    | 0.05%             | 2043-08-19      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                    | Government National Mortgage Association                                    | CUSIP: 38381NQ50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2032944 | PA      | $2057988.79   | 0.37%             | 2052-03-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer, Ltd.                                | BSPRT 2025-FL12 Issuer LLC                                                  | CUSIP: 05619BAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    900000 | PA      | $898045.47    | 0.16%             | 2043-01-17      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE                                  | Societe Generale SA                                                         | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1316491.03   | 0.24%             | 2028-01-19      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2021-4                                           | CUSIP: 92538HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    746980 | PA      | $638348.00    | 0.12%             | 2066-07-25      | Variable      | 1.35%                 | Yes           |                  2 | On Loan: No      |
| Eldridge CLO Ltd                                  | Eldridge CLO 2025-1 Ltd                                                     | CUSIP: 284913AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5515070.00   | 1.00%             | 2038-10-20      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Station Place Securitization T                    | Station Place Securitization Trust Series 2025-SP1                          | CUSIP: 85772TAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $900000.00    | 0.16%             | 2026-07-02      | Floating      | 5.16%                 | Yes           |                  3 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HJ6S1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1674450 | PA      | $1697443.42   | 0.31%             | 2051-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                           | Capital Automotive REIT                                                     | CUSIP: 12510HAV2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1174479 | PA      | $1173866.91   | 0.21%             | 2054-05-15      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                       | RCKT Mortgage Trust 2025-CES5                                               | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-MBS          | CORP              | US        |    657388 | PA      | $665789.94    | 0.12%             | 2055-05-25      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortg                    | Saluda Grade Alternative Mortgage Trust 2025-LOC4                           | CUSIP: 79589VAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1198323 | PA      | $1200230.46   | 0.22%             | 2055-06-25      | Floating      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                                  | UWM Holdings LLC                                                            | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $499202.89    | 0.09%             | 2031-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding LIII Ltd                                               | CUSIP: 558189AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1750000 | PA      | $1753851.75   | 0.32%             | 2035-04-21      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                       | FIGRE Trust 2025-HE6                                                        | CUSIP: 31684NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    829310 | PA      | $826721.10    | 0.15%             | 2055-09-25      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| SG Capital Partners                               | SG Residential Mortgage Trust 2022-1                                        | CUSIP: 78433QAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    371734 | PA      | $341586.18    | 0.06%             | 2062-03-27      | Variable      | 3.68%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                          | Neuberger Berman CLO 32R Ltd                                                | CUSIP: 64135XAA9<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501743.45    | 0.09%             | 2039-07-20      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| SKYMILES IP LTD                                   | SKYMILES IP LTD                                                             | CUSIP: 24736CBT0<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |   1400000 | PA      | $1409800.00   | 0.26%             | 2028-10-20      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BWZA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2401466 | PA      | $2423986.52   | 0.44%             | 2051-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                          | Vantage Data Centers LLC                                                    | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1334280.33   | 0.24%             | 2055-08-15      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2025-5                                           | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |    226796 | PA      | $228608.48    | 0.04%             | 2070-06-25      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| FORTITUDE GLOBAL FUNDING                          | Fortitude Global Funding                                                    | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1750344.91   | 0.32%             | 2028-10-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                               | Owl Rock CLO VII LLC                                                        | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1350000 | PA      | $1347654.11   | 0.24%             | 2038-04-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                       | Legacy Mortgage Asset Trust 2021-GS5                                        | CUSIP: 52475XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    708274 | PA      | $708843.37    | 0.13%             | 2067-07-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| VOC ESCROW LTD                                    | VOC Escrow Ltd                                                              | CUSIP: 91832VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    650000 | PA      | $649975.30    | 0.12%             | 2028-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CLI Funding LLC                                   | CLI Funding IX LLC                                                          | CUSIP: 12571WAG8<br>LEI: 2549008S2Z91ASJFZL83 | Long             | ABS-O            | CORP              | US        |   1044542 | PA      | $1059028.00   | 0.19%             | 2050-06-20      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                    | Golub Capital Partners CLO 16M-R3                                           | CUSIP: 38181EAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400000 | PA      | $400601.44    | 0.07%             | 2039-08-09      | Floating      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T                    | STWD 2021-FL2 Ltd                                                           | CUSIP: 78486BAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999293.00    | 0.18%             | 2038-04-18      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                              | OneMain Finance Corp                                                        | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1138776.05   | 0.21%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                          | Santander UK Group Holdings PLC                                             | CUSIP: 80281LAU9<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1315527.88   | 0.24%             | 2030-09-11      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BWB21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2670662 | PA      | $2682272.40   | 0.49%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-35983.93    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                | CNO Global Funding                                                          | CUSIP: 18977W2D1<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1696690.90   | 0.31%             | 2027-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1350000 | PA      | $1357449.56   | 0.25%             | 2029-11-11      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND                           | Brighthouse Financial Global Funding                                        | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3954607.57   | 0.72%             | 2027-04-09      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| TD SYNNEX CORP                                    | TD SYNNEX Corp                                                              | CUSIP: 87162WAM2<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1397458.92   | 0.25%             | 2029-01-17      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BUPD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1527002 | PA      | $1539879.91   | 0.28%             | 2050-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                  | COLT 2025-3 Mortgage Loan Trust                                             | CUSIP: 12674LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    682422 | PA      | $686123.64    | 0.12%             | 2070-03-25      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE                                  | Societe Generale SA                                                         | CUSIP: 83368RCJ9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1206032.22   | 0.22%             | 2029-05-22      | Floating      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                    | PRPM 2025-5 LLC                                                             | CUSIP: 69392RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336166 | PA      | $336436.63    | 0.06%             | 2030-07-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Barclays Mortgage Loan Trust                      | Barclays Mortgage Loan Trust 2023-NQM1                                      | CUSIP: 066940AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    324151 | PA      | $326163.42    | 0.06%             | 2063-01-25      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HJWE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1915307 | PA      | $1941984.88   | 0.35%             | 2053-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                     | New Residential Mortgage Loan Trust 2020-1                                  | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756614 | PA      | $714031.76    | 0.13%             | 2059-10-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA MERRILL LYNCH BANCO MULTIPLO S.A. | BOFA SECURITIES INC TRI PARTY                                               | CUSIP: 000000000<br>LEI: KPTCWFWJ4GW0WZNEMH59 | Long             | RA               | CORP              | US        |   9626639 | PA      | $9626639.00   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| POLARIS INC                                       | Polaris Inc                                                                 | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1378366.56   | 0.25%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                           | Starwood Property Trust Inc                                                 | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007272.00   | 0.18%             | 2028-10-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2022-I Ltd                                                     | CUSIP: 12570LAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501129.30    | 0.09%             | 2035-04-17      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                    | Golub Capital Partners CLO 69M                                              | CUSIP: 38182GAC8<br>LEI: 2549004WBNSFGOX1MY52 | Long             | ABS-CBDO         | CORP              | US        |   1750000 | PA      | $1750934.50   | 0.32%             | 2038-11-09      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage A                    | Government National Mortgage Association                                    | CUSIP: 38385CQG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1189004 | PA      | $1189347.60   | 0.22%             | 2055-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2025-NQM16 Trust                                                        | CUSIP: 67122DAC7<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-MBS          | CORP              | US        |   1292345 | PA      | $1293171.35   | 0.23%             | 2065-08-25      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC 2021-RPL4 Trust                                                        | CUSIP: 12662GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    996436 | PA      | $992588.11    | 0.18%             | 2060-12-27      | Variable      | 4.15%                 | Yes           |                  2 | On Loan: No      |
| iShares Core S&P 500 ETF                          | iShares Core S&P 500 ETF                                                    | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |     38000 | NS      | $26027720.00  | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BWL61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1232910 | PA      | $1233725.63   | 0.22%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2025-NQM1 Trust                                                         | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |    840594 | PA      | $847466.11    | 0.15%             | 2064-12-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| STORE Master Funding LLC                          | STORE Master Funding LLC                                                    | CUSIP: 86212FAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    799000 | PA      | $798965.16    | 0.15%             | 2055-10-20      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| WHITEWATER WHISTLER HOLD                          | WHITEWATER WHISTLER HOLD                                                    | CUSIP: 96620EAF4<br>LEI: 549300FRGKJP12ZORL46 | Long             | LON              | CORP              | US        |    122525 | PA      | $122013.62    | 0.02%             | 2030-02-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                       | Legacy Mortgage Asset Trust 2021-GS2                                        | CUSIP: 52476DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1077925 | PA      | $1078294.12   | 0.20%             | 2061-04-25      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BDS Ltd                                           | BDS 2025-FL15 LLC                                                           | CUSIP: 05556EAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1000824.70   | 0.18%             | 2043-03-19      | Floating      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                    | BRAVO Residential Funding Trust 2025-NQM7                                   | CUSIP: 10570TAP0<br>LEI: 254900I1LYOO3G3UAT10 | Long             | ABS-MBS          | CORP              | US        |   1207317 | PA      | $1218028.61   | 0.22%             | 2065-07-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HMEB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2163365 | PA      | $2168622.81   | 0.39%             | 2051-10-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                                          | BXMT 2020-FL2 LTD                                                           | CUSIP: 12434LAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2550000 | PA      | $2524710.12   | 0.46%             | 2038-02-15      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                    | Ellington Financial Mortgage Trust 2020-2                                   | CUSIP: 31573WAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201087 | PA      | $189823.07    | 0.03%             | 2065-10-25      | Variable      | 1.49%                 | Yes           |                  3 | On Loan: No      |
| Owl Rock CLO I, Ltd                               | OWL Rock Clo XXII LLC                                                       | CUSIP: 69121AAA4<br>LEI: 254900R8KCHZBP66MP06 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2001711.60   | 0.36%             | 2037-10-20      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HMCN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11877624 | PA      | $11928324.96  | 2.17%             | 2051-12-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                 | Newell Brands Inc                                                           | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    950000 | PA      | $996125.35    | 0.18%             | 2028-06-01      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                          | BX Trust 2025-VOLT                                                          | CUSIP: 05619PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1950000 | PA      | $1951212.90   | 0.35%             | 2044-12-15      | Floating      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                          | JP Morgan Mortgage Trust 2025-1                                             | CUSIP: 46658UAE1<br>LEI: 529900DB310G9HU4BP72 | Long             | ABS-MBS          | CORP              | US        |    726874 | PA      | $737250.49    | 0.13%             | 2055-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru                    | Provident Funding Mortgage Trust 2025-4                                     | CUSIP: 74387AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1290194 | PA      | $1296955.55   | 0.24%             | 2055-09-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| BSPDF Issuer Ltd                                  | BSPDF 2025-FL2 Issuer LLC                                                   | CUSIP: 05615KAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1250000 | PA      | $1249114.75   | 0.23%             | 2042-12-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                          | Element Fleet Management Corp                                               | CUSIP: 286181AH5<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   1200000 | PA      | $1210629.46   | 0.22%             | 2026-06-26      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| NTT FINANCE CORP                                  | NTT Finance Corp                                                            | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1350000 | PA      | $1367955.14   | 0.25%             | 2028-07-16      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BWY91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1189532 | PA      | $1190582.53   | 0.22%             | 2052-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BCC Middle Market CLO                             | BCC Middle Market CLO 2019-1 LLC                                            | CUSIP: 05550GAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10750000 | PA      | $10758985.93  | 1.95%             | 2036-07-15      | Floating      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                            | VICI Properties LP / VICI Note Co Inc                                       | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1297462.93   | 0.24%             | 2029-12-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Cerberus                                          | Cerberus Loan Funding XXXII LP                                              | CUSIP: 15674LAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2279583 | PA      | $2279422.15   | 0.41%             | 2033-04-22      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Cerberus                                          | Cerberus Loan Funding 50 LLC                                                | CUSIP: 15673UAA5<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-CBDO         | CORP              | US        |   1350000 | PA      | $1354052.84   | 0.25%             | 2037-07-15      | Floating      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HMA67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1232555 | PA      | $1247959.26   | 0.23%             | 2053-04-25      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                  | Berry Global Inc                                                            | CUSIP: 08576PAF8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1070876.17   | 0.19%             | 2027-01-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                     | GS Mortgage-Backed Securities Trust 2025-HE1                                | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-O            | CORP              | US        |   1464385 | PA      | $1467851.44   | 0.27%             | 2055-10-25      | Floating      | 5.42%                 | Yes           |                  2 | On Loan: No      |
| NMLT Trust                                        | NLT 2025-NQM1 Trust                                                         | CUSIP: 629154AJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1955988 | PA      | $2062165.14   | 0.37%             | 2070-10-25      | Variable      | 7.47%                 | Yes           |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                 | GXO Logistics Inc                                                           | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1369079.02   | 0.25%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                               | Global Payments Inc                                                         | CUSIP: 37940XAV4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1477805.18   | 0.27%             | 2028-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dominos Pizza Master Issuer LL                    | Domino's Pizza Master Issuer LLC                                            | CUSIP: 25755TAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4254275 | PA      | $4241802.74   | 0.77%             | 2048-07-25      | Fixed         | 4.33%                 | Yes           |                  2 | On Loan: No      |
| Wingstop Funding LLC                              | Wingstop Funding LLC                                                        | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1329750 | PA      | $1288327.36   | 0.23%             | 2050-12-05      | Fixed         | 2.84%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd                                  | CIFC Funding 2013-III-R Ltd                                                 | CUSIP: 12552MAN8<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2499537.00   | 0.45%             | 2031-04-24      | Floating      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| STAR 2025-SFR6 Trust                              | STAR 2025-SFR6 Trust                                                        | CUSIP: 85520EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2757839.43   | 0.50%             | 2042-08-17      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                         | Towd Point Mortgage Trust 2025-CES4                                         | CUSIP: 89170UAA8<br>LEI: 254900V1XGR6BSB30T32 | Long             | ABS-MBS          | CORP              | US        |    722411 | PA      | $725018.92    | 0.13%             | 2065-10-25      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                    | Bravo Residential Funding Trust 2025-Ces1                                   | CUSIP: 10569PAA4<br>LEI: 254900AZU85EXAPTTF77 | Long             | ABS-MBS          | CORP              | US        |    882438 | PA      | $890845.92    | 0.16%             | 2055-02-25      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| AEGON FUNDING CO LLC                              | AEGON Funding Co LLC                                                        | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3809175.83   | 0.69%             | 2027-04-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru                    | Provident Funding Mortgage Trust 2025-1                                     | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    469890 | PA      | $472176.31    | 0.09%             | 2055-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| HLEND CLO LLC                                     | HLEND CLO 2025-4 LLC                                                        | CUSIP: 43367AAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1050000 | PA      | $1051068.38   | 0.19%             | 2037-08-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                           | BPCE SA                                                                     | CUSIP: 05571AAV7<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1800000 | PA      | $1863481.41   | 0.34%             | 2030-01-18      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Cerberus                                          | Cerberus Loan Funding 52 LLC                                                | CUSIP: 15675MAA1<br>LEI: 635400AJWCPT3PXIDY25 | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $2004987.00   | 0.36%             | 2037-10-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC 2021-RPL7 Trust                                                        | CUSIP: 12598JAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1626667 | PA      | $1619966.27   | 0.29%             | 2061-07-27      | Variable      | 4.21%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                         | Towd Point Mortgage Trust 2017-6                                            | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132572 | PA      | $130847.54    | 0.02%             | 2057-10-25      | Variable      | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                    | Morgan Stanley Capital I Trust 2018-H3                                      | CUSIP: 61767YBA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  31037204 | PA      | $506133.00    | 0.09%             | 2051-07-15      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                    | Golub Capital Partners Clo 49M Ltd                                          | CUSIP: 38181HAC7<br>LEI: 254900NUVOJAHAT10W61 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999262.60   | 0.36%             | 2038-07-20      | Floating      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| CLI Funding LLC                                   | CLI Funding VIII LLC                                                        | CUSIP: 12565KAA5<br>LEI: 254900Z4P82YK31RVL27 | Long             | ABS-O            | CORP              | US        |   1545220 | PA      | $1438403.54   | 0.26%             | 2046-02-18      | Fixed         | 1.64%                 | Yes           |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                            | SPDR S&P 500 ETF Trust                                                      | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |     40000 | NS      | $27276800.00  | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Station Place Securitization T                    | Station Place Securitization Trust Series 2025-SP2                          | CUSIP: 857936AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2700000.00   | 0.49%             | 2026-09-25      | Floating      | 4.88%                 | Yes           |                  3 | On Loan: No      |
| TRANSDIGM INC                                     | TRANSDIGM INC                                                               | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    350000 | PA      | $350948.50    | 0.06%             | 2030-03-22      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| HCA INC                                           | HCA Inc                                                                     | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2291938.09   | 0.42%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                      | Barclays PLC                                                                | CUSIP: 06738ECU7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $866842.98    | 0.16%             | 2030-09-10      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                                | CNO Global Funding                                                          | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    450000 | PA      | $455780.50    | 0.08%             | 2027-12-10      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                    | HOMES 2025-NQM4 Trust                                                       | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    711928 | PA      | $714442.40    | 0.13%             | 2070-08-25      | Variable      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| ISRAEL FIXED BOND                                 | Israel Government Bond - Fixed                                              | CUSIP: 000000000<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |  91000000 | PA      | $28454871.79  | 5.17%             | 2026-02-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                     | Life 2021-BMR Mortgage Trust                                                | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    261660 | PA      | $260543.91    | 0.05%             | 2038-03-15      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                    | PRPM 2025-RCF3 LLC                                                          | CUSIP: 69392PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    979635 | PA      | $988095.98    | 0.18%             | 2055-07-25      | Variable      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| GCAT                                              | GCAT 2025-NQM2 Trust                                                        | CUSIP: 36171HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1025676 | PA      | $1035478.50   | 0.19%             | 2070-04-25      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                     | GS Mortgage-Backed Securities Trust 2020-NQM1                               | CUSIP: 36259WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170725 | PA      | $162976.14    | 0.03%             | 2060-09-27      | Variable      | 1.38%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan                     | New Residential Mortgage Loan Trust 2025-NQM3                               | CUSIP: 64832CAC7<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |    256459 | PA      | $259255.60    | 0.05%             | 2065-05-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan                     | New Residential Mortgage Loan Trust 2018-2                                  | CUSIP: 64828CAG4<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |    409400 | PA      | $391854.94    | 0.07%             | 2058-02-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding XLVIII Ltd                                             | CUSIP: 55821UAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2699711.91   | 0.49%             | 2039-01-19      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                          | Lloyds Banking Group PLC                                                    | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $2343733.63   | 0.43%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                 | HSBC Holdings PLC                                                           | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2100000 | PA      | $2138883.20   | 0.39%             | 2028-11-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                          | Cheniere Energy Partners LP                                                 | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1302733.21   | 0.24%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                              | GCAT 2025-NQM4 Trust                                                        | CUSIP: 367923AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2041472 | PA      | $2059777.29   | 0.37%             | 2070-06-25      | Variable      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| NOVELIS HOLDINGS INC                              | NOVELIS HOLDINGS INC                                                        | CUSIP: 67000LAB8<br>LEI: 549300ZJQN1PEAT42X90 | Long             | LON              | CORP              | US        |    646742 | PA      | $648895.51    | 0.12%             | 2032-03-11      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                         | Towd Point Mortgage Trust 2025-FIX1                                         | CUSIP: 89183MAA1<br>LEI: 2549009GWN99QN2XSG71 | Long             | ABS-O            | CORP              | US        |   1322185 | PA      | $1322376.01   | 0.24%             | 2065-09-25      | Variable      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                       | RCKT Mortgage Trust 2025-CES8                                               | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-MBS          | CORP              | US        |    944538 | PA      | $949542.29    | 0.17%             | 2055-08-25      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| LGENERGYSOLUTION                                  | LG Energy Solution Ltd                                                      | CUSIP: 000000000<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    450000 | PA      | $462308.48    | 0.08%             | 2029-07-02      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| BXMT Ltd                                          | BXMT 2020-FL2 LTD                                                           | CUSIP: 12434LAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    408522 | PA      | $406480.19    | 0.07%             | 2038-02-15      | Floating      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                          | Jackson National Life Global Funding                                        | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1313029.71   | 0.24%             | 2028-06-05      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                           | American National Group Inc                                                 | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2165938.21   | 0.39%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                       | FIGRE Trust 2025-PF2                                                        | CUSIP: 316918AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    947935 | PA      | $946092.17    | 0.17%             | 2055-10-25      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: No      |
| LHOME Mortgage Trust                              | LHOME Mortgage Trust 2024-RTL5                                              | CUSIP: 50205WAA5<br>LEI: 529900ZQNJ23BIJVY871 | Long             | ABS-MBS          | CORP              | US        |   1950000 | PA      | $1953664.25   | 0.35%             | 2039-09-25      | Variable      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                                   | Slam 2021-1 Ltd                                                             | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1075050 | PA      | $1026116.84   | 0.19%             | 2046-06-15      | Fixed         | 2.43%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                       | FIGRE Trust 2025-HE1                                                        | CUSIP: 30191LAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    402499 | PA      | $408989.30    | 0.07%             | 2055-01-25      | Variable      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Station Place Securitization T                    | Station Place Securitization Trust Series 2024-SP2                          | CUSIP: 857942AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900000 | PA      | $900000.00    | 0.16%             | 2026-07-12      | Floating      | 5.46%                 | Yes           |                  3 | On Loan: No      |
| GCAT                                              | GCAT 2025-NQM3 Trust                                                        | CUSIP: 36171MAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1216966 | PA      | $1227811.02   | 0.22%             | 2070-05-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2024-NQM18 Trust                                                        | CUSIP: 673913AC3<br>LEI: 254900NK9PNLY9I00149 | Long             | ABS-MBS          | CORP              | US        |    711720 | PA      | $715862.09    | 0.13%             | 2064-10-25      | Variable      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                       | Oracle Corp                                                                 | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1369670.46   | 0.25%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced S                    | HOMES 2025-AFC2 Trust                                                       | CUSIP: 43761YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1349265 | PA      | $1359870.50   | 0.25%             | 2060-06-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                    | Bravo Residential Funding Trust Series 2025-NQM1                            | CUSIP: 10569MAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    403466 | PA      | $406347.02    | 0.07%             | 2064-12-25      | Variable      | 5.81%                 | Yes           |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                              | FS Rialto 2021-FL3                                                          | CUSIP: 30323CAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5500000 | PA      | $5492612.95   | 1.00%             | 2036-11-16      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                  | DT Midstream Inc                                                            | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1282861.96   | 0.23%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Greystone Commercial Real Esta                    | Greystone CRE Notes 2025-FL4 LLC                                            | CUSIP: 39810MAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2250000 | PA      | $2256611.63   | 0.41%             | 2043-01-15      | Floating      | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC 2021-RPL9 Trust                                                        | CUSIP: 12658XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    652132 | PA      | $649669.34    | 0.12%             | 2061-02-25      | Variable      | 3.87%                 | Yes           |                  2 | On Loan: No      |
| VDCM Commercial Mortgage Trust                    | VDCM Commercial Mortgage Trust 2025-AZ                                      | CUSIP: 91825CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $708130.64    | 0.13%             | 2044-07-13      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2025-2                                           | CUSIP: 92540VAA3<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |    857640 | PA      | $862859.84    | 0.16%             | 2070-03-25      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                          | Lincoln Financial Global Funding                                            | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |    900000 | PA      | $908546.38    | 0.16%             | 2028-05-28      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2025-NQM13 Trust                                                        | CUSIP: 67121UAA4<br>LEI: 254900FPAGVH6E25VL74 | Long             | ABS-MBS          | CORP              | US        |   1086048 | PA      | $1095499.68   | 0.20%             | 2065-05-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| CITIBANK, NATIONAL ASSOCIATION                    | TRS IVV US EQUITY                                                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DE               | CORP              | US        |         1 | NC      | $-635720.52   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu                    | JPMDB Commercial Mortgage Securities Trust 2018-C8                          | CUSIP: 46591ABC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19600188 | PA      | $215984.27    | 0.04%             | 2051-06-15      | Variable      | 0.59%                 | No            |                  2 | On Loan: No      |
| Legacy Mortgage Asset Trust                       | Legacy Mortgage Asset Trust 2021-GS4                                        | CUSIP: 52475WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2386091 | PA      | $2387918.89   | 0.43%             | 2060-11-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Tricon Residential                                | Tricon Residential 2025-SFR1 Trust                                          | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    993227 | PA      | $994015.15    | 0.18%             | 2042-03-17      | Floating      | 4.85%                 | Yes           |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                          | Microchip Technology Inc                                                    | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2230236.23   | 0.41%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LoanCore 2018-CRE1 Issuer, Ltd                    | LoanCore 2025-CRE9 Issuer LLC                                               | CUSIP: 538912AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1997546.60   | 0.36%             | 2042-08-18      | Floating      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                    | BRAVO Residential Funding Trust 2025-CES2                                   | CUSIP: 10568RAA1<br>LEI: 254900H5A4PX072RRR06 | Long             | ABS-MBS          | CORP              | US        |    473895 | PA      | $473338.24    | 0.09%             | 2055-07-26      | Variable      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| Owl Rock CLO I, Ltd                               | OWL Rock Clo XXI LLC                                                        | CUSIP: 69120UAA1<br>LEI: 2549000CE1W4KBWC2X49 | Long             | ABS-CBDO         | CORP              | US        |   2236100 | PA      | $2240654.62   | 0.41%             | 2034-07-24      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| TPG Real Estate Finance                           | TRTX 2025-FL6 Issuer Ltd                                                    | CUSIP: 897764AA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900000 | PA      | $902107.89    | 0.16%             | 2042-09-18      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| PROTECTIVE LIFE CORP                              | Protective Life Corp                                                        | CUSIP: 743674BF9<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1354253.24   | 0.25%             | 2031-01-15      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BWU38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2626081 | PA      | $2633807.52   | 0.48%             | 2054-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                           | NYMT Loan Trust 2025-INV2                                                   | CUSIP: 62957JAC5<br>LEI: 254900EYRFLK2LMLVT67 | Long             | ABS-MBS          | CORP              | US        |   2472610 | PA      | $2484859.78   | 0.45%             | 2060-10-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                           | Nationwide Building Society                                                 | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2018995.50   | 0.37%             | 2029-07-14      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| CARNIVAL CORP                                     | Carnival Corp                                                               | CUSIP: 143658CB6<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1300000 | PA      | $1314416.29   | 0.24%             | 2029-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                       | BNP PARIBAS TRI PARTY                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | RA               | CORP              | US        |   7219979 | PA      | $7219979.00   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus                    | Residential Mortgage Loan Trust 2020-1                                      | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35776 | PA      | $35561.39     | 0.01%             | 2060-01-26      | Variable      | 2.38%                 | Yes           |                  3 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management Fund | Dreyfus Treasury Obligations Cash Management Fund                           | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |  12040572 | NS      | $12040571.58  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Mortgage T                    | Ellington Financial Mortgage Trust 2020-2                                   | CUSIP: 31573WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115833 | PA      | $109489.47    | 0.02%             | 2065-10-25      | Variable      | 1.64%                 | Yes           |                  3 | On Loan: No      |
| Sequoia Mortgage Trust                            | Sequoia Mortgage Trust 2025-8                                               | CUSIP: 81743GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4204987 | PA      | $4217867.26   | 0.77%             | 2055-06-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| CVR ENERGY INC                                    | CVR Energy Inc                                                              | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1380505.56   | 0.25%             | 2028-02-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                          | Eagle Funding Luxco Sarl                                                    | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    700000 | PA      | $713013.00    | 0.13%             | 2030-08-17      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HLKN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2879913 | PA      | $2932722.96   | 0.53%             | 2051-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC 2020-NQM1 Trust                                                        | CUSIP: 126401AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    497319 | PA      | $478438.46    | 0.09%             | 2065-05-25      | Variable      | 2.21%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                              | QTS Issuer ABS I LLC                                                        | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1308838.96   | 0.24%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                    | PRPM 2025-8 LLC                                                             | CUSIP: 69383BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1025852 | PA      | $1027357.93   | 0.19%             | 2030-10-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                         | Towd Point Mortgage Trust 2018-2                                            | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112752 | PA      | $111758.92    | 0.02%             | 2058-03-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                      | CSMC 2021-NQM8                                                              | CUSIP: 12659FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1244381 | PA      | $1098303.66   | 0.20%             | 2066-10-25      | Variable      | 2.40%                 | Yes           |                  2 | On Loan: No      |
| CROSSCOUNTRY INTER                                | CrossCountry Intermediate HoldCo LLC                                        | CUSIP: 22757VAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $509998.00    | 0.09%             | 2030-10-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| VONTIER CORP                                      | Vontier Corp                                                                | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2136266.06   | 0.39%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $17185.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BWWS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2128714 | PA      | $2142671.09   | 0.39%             | 2053-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                                  | Enstar Group Ltd                                                            | CUSIP: 29359UAB5<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   2700000 | PA      | $2720162.60   | 0.49%             | 2029-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                    | EFMT 2025-CES4                                                              | CUSIP: 267954AA3<br>LEI: 254900UDLJF220C8I638 | Long             | ABS-MBS          | CORP              | US        |   1527920 | PA      | $1540563.75   | 0.28%             | 2060-06-25      | Variable      | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HMX47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2422770 | PA      | $2432130.09   | 0.44%             | 2053-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2025-R1 Trust                                                           | CUSIP: 67123GAD7<br>LEI: 254900UIO03AL696QM79 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $399275.96    | 0.07%             | 2062-09-25      | Variable      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                          | Targa Resources Partners LP / Targa Resources Partners Finance Corp         | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $505958.37    | 0.09%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Co                    | Structured Asset Securities Corp Mortgage Loan Trust 2007-BC4               | CUSIP: 86365DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1104669 | PA      | $1078423.42   | 0.20%             | 2037-11-25      | Floating      | 3.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                       | Freddie Mac REMICS                                                          | CUSIP: 3137HMWT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1450823 | PA      | $1455801.23   | 0.26%             | 2052-03-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                            | NextEra Energy Capital Holdings Inc                                         | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1821389.35   | 0.33%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER RECREATIONAL                           | BOMBARDIER RECREATIONAL                                                     | CUSIP: 09776MAS3<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |    847875 | PA      | $851054.53    | 0.15%             | 2029-12-13      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-130518.65   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| TREASURY BILL                                     | United States Treasury Bill                                                 | CUSIP: 912797SF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $259721.65    | 0.05%             | 2026-01-13      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                           | GA Global Funding Trust                                                     | CUSIP: 36143L2A2<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1298799.24   | 0.24%             | 2026-01-15      | Fixed         | 1.62%                 | Yes           |                  2 | On Loan: No      |
| New York Mortgage Trust                           | NYMT Loan Trust 2025-CP1                                                    | CUSIP: 67121VAA2<br>LEI: 254900JF85A0S614L988 | Long             | ABS-MBS          | CORP              | US        |    905029 | PA      | $873644.02    | 0.16%             | 2069-11-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| MEADE PIPELINE CO LLC                             | MEADE PIPELINE CO LLC                                                       | CUSIP: 58307PAB8<br>LEI: 254900UZE9CEDHUYSZ47 | Long             | LON              | CORP              | US        |    250000 | PA      | $251250.00    | 0.05%             | 2032-09-22      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus                    | BRAVO Residential Funding Trust 2024-NQM1                                   | CUSIP: 10570FAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1714955 | PA      | $1726570.46   | 0.31%             | 2063-12-01      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| BXHPP Trust                                       | BXHPP Trust 2021-FILM                                                       | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1405345.65   | 0.26%             | 2036-08-15      | Floating      | 4.96%                 | Yes           |                  2 | On Loan: No      |
| COMPASS MINERALS INTERNA                          | Compass Minerals International Inc                                          | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |    550000 | PA      | $575485.35    | 0.10%             | 2030-07-01      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                          | Benchmark 2019-B14 Mortgage Trust                                           | CUSIP: 08162YAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  29831946 | PA      | $584178.11    | 0.11%             | 2062-12-15      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| MILE Trust                                        | MILE Trust 2025-STNE                                                        | CUSIP: 59918AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1350843.08   | 0.25%             | 2042-07-15      | Floating      | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Triton Container Finance LLC                      | Triton Container Finance IX LLC                                             | CUSIP: 89679QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2578500 | PA      | $2596290.62   | 0.47%             | 2050-06-20      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $-156859.74   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| BO GPS IV CAPITAL CALL FACILITY B                 | BO GPS IV CAPITAL CALL FACILITY B                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1364892.90   | 0.25%             | 2028-10-30      | Fixed         | 4.88%                 | No            |                  3 | On Loan: No      |
| HV STRUCTURED SOLUTIONS IV                        | HV STRUCTURED SOLUTIONS IV                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    567448 | PA      | $563508.87    | 0.10%             | 2030-09-15      | Floating      | 6.22%                 | No            |                  3 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                          | Encore Capital Group Inc                                                    | CUSIP: 292554AS1<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251248.28    | 0.05%             | 2031-04-15      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| PEER USA LLC                                      | PEER USA LLC                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    600000 | PA      | $600498.00    | 0.11%             | 2032-09-29      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ENVIRI CORP                                       | Enviri Corp                                                                 | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |    700000 | PA      | $700375.90    | 0.13%             | 2027-07-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding LXXI Ltd                                               | CUSIP: 55817DAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    550000 | PA      | $550694.60    | 0.10%             | 2038-04-23      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd                          | Madison Park Funding LXV Ltd                                                | CUSIP: 55823FAF2<br>LEI: 213800EBRIAZSOKC7K58 | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2509123.00   | 0.46%             | 2038-07-16      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2021-5                                           | CUSIP: 92538KAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1511994 | PA      | $1323048.72   | 0.24%             | 2066-09-25      | Variable      | 1.37%                 | Yes           |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                  | LPL Holdings Inc                                                            | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1222993.28   | 0.22%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)                              | Weir Group PLC/The                                                          | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |    440000 | PA      | $436005.93    | 0.08%             | 2026-05-13      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $41890.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li                    | Textainer Marine Containers VII Ltd                                         | CUSIP: 88315LAL2<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   1288000 | PA      | $1212439.84   | 0.22%             | 2046-02-20      | Fixed         | 1.68%                 | Yes           |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                               | CDW LLC / CDW Finance Corp                                                  | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4242881.29   | 0.77%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                       | RCKT Mortgage Trust 2025-CES7                                               | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-MBS          | CORP              | US        |    459909 | PA      | $464349.54    | 0.08%             | 2055-07-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities                     | GS Mortgage-Backed Securities Trust 2025-NQM3                               | CUSIP: 36274TAA7<br>LEI: 2549007JKCA9H9HUGZ71 | Long             | ABS-MBS          | CORP              | US        |    679797 | PA      | $681462.41    | 0.12%             | 2065-11-25      | Variable      | 5.14%                 | Yes           |                  2 | On Loan: No      |
| FIGRE Trust                                       | FIGRE Trust 2024-HE5                                                        | CUSIP: 31684FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    749551 | PA      | $759179.66    | 0.14%             | 2054-10-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                             | Pinnacle West Capital Corp                                                  | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    450000 | PA      | $458080.06    | 0.08%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                    | Golub Capital Partners CLO 83M                                              | CUSIP: 38182EAA7<br>LEI: 254900VLZT72CPBHZ909 | Long             | ABS-CBDO         | CORP              | US        |   2200000 | PA      | $2201462.56   | 0.40%             | 2038-11-09      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                     | Citigroup Inc                                                               | CUSIP: 172967QG9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003599.96   | 0.18%             | 2031-09-11      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL L                          | OUTFRONT MEDIA CAPITAL LLC                                                  | CUSIP: 000000000<br>LEI: 5493005WC7J0FDMW0610 | Long             | LON              | CORP              | US        |    400000 | PA      | $401000.00    | 0.07%             | 2032-09-24      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                     | United States Treasury Bill                                                 | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2655000 | PA      | $2651606.72   | 0.48%             | 2026-01-15      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $155521.87    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| OWS Structured Asset Trust                        | OSAT 2021-RPL1 Trust                                                        | CUSIP: 67114HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5078857 | PA      | $5078857.00   | 0.92%             | 2065-05-25      | Variable      | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd                    | Golub Capital Partners CLO 16M-R3                                           | CUSIP: 38181EAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    900000 | PA      | $901161.00    | 0.16%             | 2039-08-09      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Woodward Capital Management                       | RCKT Mortgage Trust 2025-CES6                                               | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |   1333010 | PA      | $1345767.46   | 0.24%             | 2055-06-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| HLEND CLO LLC                                     | Hlend CLO 2025-3 LLC                                                        | CUSIP: 403961AA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $500355.95    | 0.09%             | 2037-01-20      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| THL Credit Lake Shore MM CLO I                    | THL Credit Lake Shore MM CLO I LTD                                          | CUSIP: 510800AC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1649854 | PA      | $1650340.70   | 0.30%             | 2033-04-15      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                             | Williams Scotsman Inc                                                       | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1395706.05   | 0.25%             | 2028-08-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Greystone Commercial Real Esta                    | Greystone CRE Notes 2021-FL3 Ltd                                            | CUSIP: 39809PAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $992976.10    | 0.18%             | 2039-07-15      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC                        | Jefferies Credit Partners Direct Lending Clo 2025-1 Ltd                     | CUSIP: 47235BAA1<br>LEI: 213800SOG377Y9E1U217 | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1398937.68   | 0.25%             | 2037-10-15      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| BX Trust                                          | BX Commercial Mortgage Trust 2022-LP2                                       | CUSIP: 05610HAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1855000 | PA      | $1852686.43   | 0.34%             | 2039-02-15      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| WMRK Commercial Mortgage Trust                    | WMRK Commercial Mortgage Trust 2022-WMRK                                    | CUSIP: 929342AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1836963 | PA      | $1841633.42   | 0.33%             | 2027-11-15      | Floating      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                  | IRS USD                                                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |         1 | NC      | $26856.81     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                             | Athene Global Funding                                                       | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1360081.00   | 0.25%             | 2030-07-17      | Fixed         | 5.03%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                        | Fannie Mae REMICS                                                           | CUSIP: 3136BXGK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2673239 | PA      | $2675516.09   | 0.49%             | 2055-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                       | Ares Direct Lending CLO 6 LLC                                               | CUSIP: 039960AC3<br>LEI: 254900F5EQV7KVCD4M68 | Long             | ABS-CBDO         | CORP              | US        |   1300000 | PA      | $1301605.76   | 0.24%             | 2037-10-16      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Verus Securitization Trust                        | Verus Securitization Trust 2025-1                                           | CUSIP: 92540TAA8<br>LEI: 213800JOKZMXZECMAB50 | Long             | ABS-MBS          | CORP              | US        |    832839 | PA      | $840547.10    | 0.15%             | 2070-01-25      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Cross Mortgage Trust                              | Cross 2025-H1 Mortgage Trust                                                | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1751997 | PA      | $1769176.47   | 0.32%             | 2070-02-25      | Variable      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                              | Targa Resources Corp                                                        | CUSIP: 87612GAR2<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1353748.38   | 0.25%             | 2029-01-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Archwest Mortgage Trust                           | Archwest Mortgage Trust 2025-RTL1                                           | CUSIP: 039966AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $600734.76    | 0.11%             | 2040-10-25      | Variable      | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                          | OBX 2025-NQM10 Trust                                                        | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |    430540 | PA      | $434037.13    | 0.08%             | 2065-05-25      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                              | FS Rialto 2025-FL10 Issuer LLC                                              | CUSIP: 30340KAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    150000 | PA      | $147926.81    | 0.03%             | 2042-08-19      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Mill City Mortgage Trust                          | Mill City Securities 2024-RS2 Ltd                                           | CUSIP: 59982DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173264 | PA      | $164169.50    | 0.03%             | 2069-08-01      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Guggenheim Funds Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** Chief Financial Officer