# EDGAR Filing Document

**Accession Number:** 0000751173
**File Stem:** 0001752724-23-034902
**Filing Date:** 2023-2
**Character Count:** 96717
**Document Hash:** 0daa2877fca6b4a60d43c091321492fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-034902.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-034902

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANNING & NAPIER FUND, INC.
- **CENTRAL INDEX KEY:** 0000751173
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04087
- **FILM NUMBER:** 23656977

**BUSINESS ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450
- **BUSINESS PHONE:** 585-325-6880

**MAIL ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND, INC /NY/
- **DATE OF NAME CHANGE:** 20060929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXETER FUND INC /NY/
- **DATE OF NAME CHANGE:** 19980226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Unconstrained Bond Series (Series ID: S000003632)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010098 | Class S      | EXCPX           |
| C000129800 | Class I      | MNCPX           |
| C000206448 | Class W      | MUBWX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Manning & Napier Fund, Inc.

- **b. Investment Company Act file number:** 811-04087

- **c. CIK number of Registrant:** 0000751173

- **d. LEI of Registrant:** 549300B31SDCBSJSN672

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

  - **Street Address 1:** 290 Woodcliff Drive

  - **City:** Fairport

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14450

  - **Telephone number:** 585-325-6880

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

- **a. Name of Series:** Unconstrained Bond Series

- **b. EDGAR series identifier (if any):** S000003632

- **c. LEI of Series:** 5493008PRHULZPPT8B05

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**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:** $822445867.47

**Total Liabilities:** $265569.56

**Net Assets:** $822180297.91

**Cash Not Reported:** $9997193.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2109.75333000 | **1-Year:** 28897.34069000 | **5-Year:** 73519.07460000 | **10-Year:** 32645.39833000 | **30-Year:** 270.85542000

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

- **3-Month:** 1041.38359000 | **1-Year:** 14400.97386000 | **5-Year:** 9184.16588000 | **10-Year:** 2607.05670000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010098 | -0.41%               | 0.94%                | 0.70%                |
| Class ID C000206448 | -0.31%               | 0.94%                | 0.81%                |
| Class ID C000129800 | -0.47%               | 0.95%                | 0.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-236432.78              | $-8798488.34                               |
| Month 2  | $-423894.89              | $9281461.40                                |
| Month 3  | $-402010.11              | $1721885.74                                |

**Designated Index Information**

- **Index Name:** Unconstrained Bond Series - ExDerivatives

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-6                                                   | CUSIP: 81745BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1285992 | PA      | $1131663.11   | 0.14%             | 2043-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-8                                                   | CUSIP: 81745EAA7<br>LEI: 549300EU86QZR1NB5U93 | Long             | ABS-MBS          | CORP              | US        |    147620 | PA      | $130541.00    | 0.02%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| EXTENDA RETAIL HOLDING                      | Extenda Retail Holding 1 AB                                                     | CUSIP: 000000000<br>LEI: 636700GGUYHL3W6IMF74 | Long             | DBT              | CORP              | SE        |  34000000 | PA      | $3061572.01   | 0.37%             | 2027-03-30      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CCT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10460000 | PA      | $9774379.74   | 1.19%             | 2024-08-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| CBOE FUTURES EXCHANGE, LLC                  | IBOXX ISHR BND ID                                                               | CUSIP: 000000000<br>LEI: 254900O9GJPIWCP8RH13 | N/A              | DE               | CORP              | US        |      -300 | NC      | $-337054.19   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                                        | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3360328.86   | 0.41%             | 2024-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Starwood Retail Property Trust              | Starwood Retail Property Trust 2014-STAR                                        | CUSIP: 85571XAA5<br>LEI: 5493007115G809OI4R97 | Long             | ABS-MBS          | CORP              | US        |   1777115 | PA      | $1233252.57   | 0.15%             | 2027-11-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing L.P.                   | Trinity Rail Leasing 2021 LLC                                                   | CUSIP: 89656GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1886681 | PA      | $1557284.35   | 0.19%             | 2051-07-19      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                       | Tricon American Homes 2020-SFR1                                                 | CUSIP: 89613GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2182030.50   | 0.27%             | 2038-07-17      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 59022CAA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3561000 | PA      | $3433370.56   | 0.42%             | 2026-09-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128MBUB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |        11 | PA      | $10.71        | 0.00%             | 2023-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                             | Goodgreen 2020-1 Trust                                                          | CUSIP: 38217TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3135094 | PA      | $2582496.91   | 0.31%             | 2055-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Lo              | EDvestinU Private Education Loan Issue No 1 LLC                                 | CUSIP: 28166GAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1603422 | PA      | $1506911.34   | 0.18%             | 2038-11-25      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3138XU4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    479699 | PA      | $471827.49    | 0.06%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NOVEDO HOLDINGS AB                          | Novedo Holding AB                                                               | CUSIP: 000000000<br>LEI: 984500F0A56FIF3C6091 | Long             | DBT              | CORP              | SE        |  26250000 | PA      | $2383937.74   | 0.29%             | 2024-11-26      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                        | OneMain Finance Corp                                                            | CUSIP: 85172FAL3<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4769374.86   | 0.58%             | 2023-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                         | DT Auto Owner Trust 2020-1                                                      | CUSIP: 23344EAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3402881 | PA      | $3383852.20   | 0.41%             | 2025-11-17      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| CAMPBELL SOUP CO                            | Campbell Soup Co                                                                | CUSIP: 134429BE8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   4680000 | PA      | $4667620.74   | 0.57%             | 2023-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2014-1                                               | CUSIP: 63938EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3757388 | PA      | $3551820.89   | 0.43%             | 2031-06-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137B3NB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  38601132 | PA      | $9375.83      | 0.00%             | 2023-04-25      | Variable      | 0.14%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUNDING TRUST                     | Alexander Funding Trust                                                         | CUSIP: 014621AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9473275.50   | 1.15%             | 2023-11-15      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae REMICS                                                               | CUSIP: 3136B1YD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90927 | PA      | $87939.88     | 0.01%             | 2047-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JONAH ENERGY PARENT LLC                     | JONAH ENERGY PARENT LLC                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85915 | NS      | $5346490.45   | 0.65%             |  |  |  | No            |                  3 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 9128284V9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25475000 | PA      | $24036060.67  | 2.92%             | 2028-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137B4GZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  29037330 | PA      | $6370.50      | 0.00%             | 2023-05-25      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    621727 | PA      | $562748.63    | 0.07%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                            | StoneX Group Inc                                                                | CUSIP: 46116VAE5<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |    338000 | PA      | $341024.18    | 0.04%             | 2025-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                   | State of Hawaii                                                                 | CUSIP: 419792ZZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3905000 | PA      | $2854671.13   | 0.35%             | 2037-10-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BROOGE PETROLEUM AND GAS                    | Brooge Petroleum and Gas Investment Co FZE                                      | CUSIP: 000000000<br>LEI: 213800T6YBVV45KTOC07 | Long             | DBT              | CORP              | AE        |   4820016 | PA      | $4567661.51   | 0.56%             | 2025-09-24      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-PJ3                                    | CUSIP: 362924BK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9306418 | PA      | $8213037.02   | 1.00%             | 2052-08-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ARGO BLOCKCHAIN PLC                         | Argo Blockchain PLC                                                             | CUSIP: 040126203<br>LEI: 213800WPCCYSDYY26J54 | Long             | EP               | CORP              | GB        |     71086 | NS      | $216812.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                            | CUSIP: 06051GHF9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2988792.75   | 0.36%             | 2024-03-05      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                            | MGM Resorts International                                                       | CUSIP: 552953CC3<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   7363000 | PA      | $7365093.67   | 0.90%             | 2023-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                | Oxford Finance Funding 2020-1 LLC                                               | CUSIP: 69144AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1760602 | PA      | $1722059.87   | 0.21%             | 2028-02-15      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation                        | Libra Solutions 2022-2 LLC                                                      | CUSIP: 53161MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4743331 | PA      | $4718138.01   | 0.57%             | 2034-10-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                 | PepsiCo Inc                                                                     | CUSIP: 713448FM5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3794987.64   | 0.46%             | 2032-07-18      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                                 | CUSIP: 85236KAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3400000 | PA      | $2915662.38   | 0.35%             | 2046-03-26      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | PEAR 2022-1 LLC                                                                 | CUSIP: 70472XAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2431468.00   | 0.30%             | 2034-10-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Loan Trust 2015-B                                     | CUSIP: 63939KAC3<br>LEI: 549300GZIQGXPYGM8M95 | Long             | ABS-O            | CORP              | US        |   1934283 | PA      | $1899709.57   | 0.23%             | 2040-07-16      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                        | FS RIALTO                                                                       | CUSIP: 30319YAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2848880.40   | 0.35%             | 2038-05-16      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3140FTWF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     96498 | PA      | $94900.93     | 0.01%             | 2047-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128P75F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    162740 | PA      | $161070.48    | 0.02%             | 2033-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LFS 2022A, LLC                              | LFS 2022A LLC                                                                   | CUSIP: 50204LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5980448 | PA      | $5799574.80   | 0.71%             | 2034-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128P7QL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76592 | PA      | $75783.52     | 0.01%             | 2031-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGEMENT          | DREYFUS GOVERN CASH MGMT-I                                                      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  48672222 | NS      | $48672221.79  | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEBECOR MEDIA INC                          | Quebecor Media Inc                                                              | CUSIP: 74819RAP1<br>LEI: 5493006O1E1TBNKPQW25 | Long             | DBT              | CORP              | CA        |   7450000 | PA      | $7448126.85   | 0.91%             | 2023-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PING PETROLEUM UK                           | Ping Petroleum UK Ltd                                                           | CUSIP: 000000000<br>LEI: 213800XZIK1JT4PI6X98 | Long             | DBT              | CORP              | GB        |   2300000 | PA      | $2151798.63   | 0.26%             | 2024-07-29      | Fixed         | 12.00%                | No            |                  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        |    554484 | PA      | $530820.24    | 0.06%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding              | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RCU6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3988262.32   | 0.49%             | 2024-03-20      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities               | Brean Asset Backed Securities Trust 2021-RM2                                    | CUSIP: 10638MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2599070 | PA      | $2270634.69   | 0.28%             | 2061-10-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                                  | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4968978.35   | 0.60%             | 2024-01-25      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| GCAT                                        | GCAT 2022-NQM3 Trust                                                            | CUSIP: 36168MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9540898 | PA      | $9064520.89   | 1.10%             | 2067-04-25      | Variable      | 4.35%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                         | DataBank Issuer                                                                 | CUSIP: 23802WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $4504458.66   | 0.55%             | 2051-02-27      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                       | Mexico Government International Bond                                            | CUSIP: 91086QBG2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   1800000 | PA      | $1756909.37   | 0.21%             | 2026-01-21      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | PEAR 2020-1 LLC                                                                 | CUSIP: 70472CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1880039 | PA      | $1839533.87   | 0.22%             | 2032-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage              | Sutherland Commercial Mortgage Trust 2019-SBC8                                  | CUSIP: 86935CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2207823 | PA      | $2019682.64   | 0.25%             | 2041-04-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust 2019-B                                         | CUSIP: 83192CAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2553869 | PA      | $2341782.00   | 0.28%             | 2037-06-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2018-1 B PTT                     | United Airlines 2018-1 Class B Pass Through Trust                               | CUSIP: 90932NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3670033 | PA      | $3323112.89   | 0.40%             | 2026-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                         | Ashtead Capital Inc                                                             | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1365428.94   | 0.17%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPEC OPPOR FU                    | Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin | CUSIP: 26150TAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2566461.34   | 0.31%             | 2026-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Store Master Funding I - VII,               | Store Master Funding I-VII and XIV                                              | CUSIP: 86212XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2383544 | PA      | $2137070.67   | 0.26%             | 2049-11-20      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                    | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AJ5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7007072.59   | 0.85%             | 2024-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GAMING INNOVATION GRP                       | Gaming Innovation Group PLC                                                     | CUSIP: 000000000<br>LEI: 213800UCC6GA967UCS06 | Long             | DBT              | CORP              | MT        |  10000000 | PA      | $968353.93    | 0.12%             | 2024-06-11      | Floating      | 10.99%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128MBRH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         1 | PA      | $1.27         | 0.00%             | 2023-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                 | RCKT Mortgage Trust 2021-6                                                      | CUSIP: 74939KAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5355196 | PA      | $4610240.63   | 0.56%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-7                                                   | CUSIP: 81745CAB9<br>LEI: 549300DFASAA48I36408 | Long             | ABS-MBS          | CORP              | US        |    123897 | PA      | $108644.85    | 0.01%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAA1<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7479771.15   | 0.91%             | 2024-03-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| RUN NQM TRUST                               | RUN 2022-NQM1 Trust                                                             | CUSIP: 74981CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3334001 | PA      | $3148151.97   | 0.38%             | 2067-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWEST AIRLINES CO                       | Southwest Airlines Co                                                           | CUSIP: 844741BJ6<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3012036.54   | 0.37%             | 2025-05-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BNSF FUNDING TRUST I                        | BNSF Funding Trust I                                                            | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1414843.07   | 0.17%             | 2055-12-15      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| IIP OPERATING PARTNER                       | IIP Operating Partnership LP                                                    | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4320000 | PA      | $3790187.64   | 0.46%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                | Oxford Finance Funding 2022-1 LLC                                               | CUSIP: 69145BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4650000 | PA      | $4239546.36   | 0.52%             | 2030-02-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd               | Corevest American Finance 2019-1 Trust                                          | CUSIP: 21872FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    569493 | PA      | $557381.29    | 0.07%             | 2052-03-15      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2017-2                                               | CUSIP: 63939RAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3139489 | PA      | $3024511.04   | 0.37%             | 2066-12-27      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1970000 | PA      | $1655888.11   | 0.20%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CARRINGTON HOLDING CO LL                    | Carrington Holding Co LLC                                                       | CUSIP: 144523AC1<br>LEI: 635400MJJEAT2FUN2F71 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3385294.08   | 0.41%             | 2026-01-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418MQQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1716 | PA      | $1706.24      | 0.00%             | 2024-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                | CSMC Trust 2013-TH1                                                             | CUSIP: 22944PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115027 | PA      | $97782.64     | 0.01%             | 2043-02-25      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2015-2                                      | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    363034 | PA      | $337658.80    | 0.04%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ALASKA AIR 2020-1 CL B                      | Alaska Airlines 2020-1 Class B Pass Through Trust                               | CUSIP: 01166WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4178617 | PA      | $4199134.61   | 0.51%             | 2025-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation                        | Libra Solutions 2022-1 LLC                                                      | CUSIP: 53161NAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2685328 | PA      | $2634331.48   | 0.32%             | 2034-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2021-1                                               | CUSIP: 63942NAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5251829 | PA      | $4294905.41   | 0.52%             | 2069-12-26      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus              | BRAVO Residential Funding Trust 2019-NQM2                                       | CUSIP: 10568LAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3456172 | PA      | $3201676.53   | 0.39%             | 2044-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44305000 | PA      | $40881746.71  | 4.97%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| OWL ROCK TECHNOLOGY FINA                    | Owl Rock Technology Finance Corp                                                | CUSIP: 691205AE8<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   2390000 | PA      | $2080938.66   | 0.25%             | 2026-06-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                      | Sequoia Mortgage Trust 2013-2                                                   | CUSIP: 81745MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    123253 | PA      | $104133.95    | 0.01%             | 2043-02-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2022-NQM4                                          | CUSIP: 45276NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9674479 | PA      | $9387332.14   | 1.14%             | 2067-06-25      | Variable      | 4.77%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAJ2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $3907086.57   | 0.48%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort              | LCCM 2021-FL2 Trust                                                             | CUSIP: 50202KAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2000000 | PA      | $1901429.80   | 0.23%             | 2038-12-13      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SOFI PROFESSIONAL LOAN PROGRAM 2017-F LLC                                       | CUSIP: 83401BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    158363 | PA      | $152387.52    | 0.02%             | 2041-01-25      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| NORTH INVST GROUP                           | North Investment Group AB                                                       | CUSIP: 000000000<br>LEI: 254900NLPIHD51XJYE02 | Long             | DBT              | CORP              | SE        |  23750000 | PA      | $2244249.28   | 0.27%             | 2024-05-05      | Floating      | 11.14%                | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                | METLIFE SECURITIZATION TRUST 2019-1                                             | CUSIP: 59166EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    813357 | PA      | $766326.74    | 0.09%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| USQ Rail II LLC / USQ Canada R              | ITE Rail Fund Levered LP                                                        | CUSIP: 90354PAA5<br>LEI: 25490077I8NB6ADB4I38 | Long             | ABS-O            | CORP              | US        |   5613624 | PA      | $4731218.04   | 0.58%             | 2051-06-28      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                | Navient Corp                                                                    | CUSIP: 78442FEQ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4990154.10   | 0.61%             | 2023-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GREENFOOD AB                                | Greenfood AB                                                                    | CUSIP: 000000000<br>LEI: 54930026GZN5E1NE1E62 | Long             | DBT              | CORP              | SE        |  21250000 | PA      | $1839333.68   | 0.22%             | 2025-11-04      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                   | CIM Trust 2019-INV1                                                             | CUSIP: 12555DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83504 | PA      | $79845.80     | 0.01%             | 2049-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                    | BRSP 2021-FL1 Ltd                                                               | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2892473.40   | 0.35%             | 2038-08-19      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| LEGAL BUSINESS SVC                          | Cartiga LLC                                                                     | CUSIP: 52474DAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3702137.60   | 0.45%             | 2026-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 3138WDJY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    329047 | PA      | $325419.89    | 0.04%             | 2044-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 9128283W8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26155000 | PA      | $24628610.68  | 3.00%             | 2028-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                    | District of Columbia                                                            | CUSIP: 25483VWY6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    520000 | PA      | $515088.06    | 0.06%             | 2023-04-01      | Fixed         | 1.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128E5VC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    223660 | PA      | $221299.14    | 0.03%             | 2031-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2014-3                                      | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259072 | PA      | $238715.76    | 0.03%             | 2054-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 2 Year US Treasury Note                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      1400 | NC      | $-631517.60   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| KEY BANK NA                                 | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327M3A0<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4968450.55   | 0.60%             | 2024-01-03      | Fixed         | 0.42%                 | No            |                  2 | On Loan: No      |
| NORTHWEST ACQ/DOMINION                      | Northwest Acquisitions ULC / Dominion Finco Inc                                 | CUSIP: 66727WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   5870000 | PA      | $587.00       | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                      | Chase Auto Owner Trust 2022-A                                                   | CUSIP: 16144JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1992636 | PA      | $1990161.70   | 0.24%             | 2023-08-25      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | US TREASURY LONG BOND                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -600 | NC      | $123726.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Drive Auto Receivabl              | Santander Drive Auto Receivables Trust 2020-4                                   | CUSIP: 80286WAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3412808 | PA      | $3369901.17   | 0.41%             | 2026-01-15      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd               | CoreVest American Finance 2020-3 Trust                                          | CUSIP: 21873CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100855 | PA      | $961306.53    | 0.12%             | 2053-08-15      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| CLI Funding LLC                             | CLI Funding VIII LLC                                                            | CUSIP: 12565KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5446302 | PA      | $4636019.82   | 0.56%             | 2046-02-18      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding              | Diamond Infrastructure Funding LLC                                              | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4100926.50   | 0.50%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2022-NQM2                                          | CUSIP: 45276PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7023791 | PA      | $6341003.82   | 0.77%             | 2067-03-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                  | Progress Residential 2019-SFR4 Trust                                            | CUSIP: 74331AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3800000 | PA      | $3611662.50   | 0.44%             | 2036-10-17      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                            | Crown Castle Inc                                                                | CUSIP: 22822VAJ0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   3615000 | PA      | $3573500.81   | 0.43%             | 2023-07-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                         | Dominion Energy Inc                                                             | CUSIP: 25746UDC0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1996534.50   | 0.24%             | 2023-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | JP Morgan Mortgage Trust 2014-2                                                 | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |    370746 | PA      | $346364.10    | 0.04%             | 2029-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PETROTAL CORP                               | PetroTal Corp                                                                   | CUSIP: 000000000<br>LEI: 21380047ER33PRH4XH56 | Long             | DBT              | CORP              | CA        |   2720000 | PA      | $2740504.28   | 0.33%             | 2024-02-16      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2017-1                                                | CUSIP: 89173FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    491044 | PA      | $482785.83    | 0.06%             | 2056-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                            | Vertical Bridge Holdings LLC                                                    | CUSIP: 92535VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $3569948.00   | 0.43%             | 2050-09-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| SYNCHRONOSS TECH                            | Synchronoss Technologies Inc                                                    | CUSIP: 87157B301<br>LEI: 5493007Z5J8Z2TA76376 | Long             | EP               | CORP              | US        |    144265 | NS      | $2589556.75   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                                 | CUSIP: 92212KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $5722355.28   | 0.70%             | 2045-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner               | PenFed Auto Receivables Owner Trust 2022-A                                      | CUSIP: 706874AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200937 | PA      | $2198328.90   | 0.27%             | 2023-09-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Trinity Rail Leasing 2018 LLC               | Trinity Rail Leasing 2018 LLC                                                   | CUSIP: 89657AAC0<br>LEI: 549300JQ2JIV94ZI1045 | Long             | ABS-O            | CORP              | US        |   2248267 | PA      | $1954184.87   | 0.24%             | 2050-10-17      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                          | Cenovus Energy Inc                                                              | CUSIP: 15135UAF6<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |   1579000 | PA      | $1644276.79   | 0.20%             | 2039-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr              | Credit Acceptance Auto Loan Trust 2022-1                                        | CUSIP: 22534LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7400000 | PA      | $7182529.91   | 0.87%             | 2032-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2019-HY1                                              | CUSIP: 89177EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1267449 | PA      | $1257244.84   | 0.15%             | 2048-10-25      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr              | Credit Acceptance Auto Loan Trust 2021-2                                        | CUSIP: 22537CAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3800000 | PA      | $3413189.91   | 0.42%             | 2030-06-17      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Winwater Mortgage Loan Trust                | WinWater Mortgage Loan Trust 2015-1                                             | CUSIP: 97652TAA1<br>LEI: 5493006H0W2XGUBIBK91 | Long             | ABS-MBS          | CORP              | US        |     71881 | PA      | $65493.05     | 0.01%             | 2045-01-20      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING                     | DCP Midstream Operating LP                                                      | CUSIP: 23311VAD9<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4969547.95   | 0.60%             | 2023-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers Li              | Textainer Marine Containers VII Ltd                                             | CUSIP: 88315LAL2<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   5632000 | PA      | $4709591.15   | 0.57%             | 2046-02-20      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 5 Year US Treasury Note                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       455 | NC      | $-573177.15   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2019-2                                      | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1780707 | PA      | $1684315.09   | 0.20%             | 2057-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB              | GreatAmerica Leasing Receivables Funding LLC Series 2022-1                      | CUSIP: 39154TBU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3868155 | PA      | $3858651.06   | 0.47%             | 2023-10-16      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort              | LCCM 2021-FL2 Trust                                                             | CUSIP: 50202KAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2851221.90   | 0.35%             | 2038-12-13      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                | Oxford Finance Funding 2019-1 LLC                                               | CUSIP: 69145AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2653366 | PA      | $2632375.59   | 0.32%             | 2027-02-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| HARROW HEALTH INC                           | Harrow Health Inc                                                               | CUSIP: 415858208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     54816 | NS      | $1307361.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31417YDV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27681 | PA      | $27363.67     | 0.00%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                       | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAU6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   3210000 | PA      | $2702101.31   | 0.33%             | 2037-12-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MGI MEDIA & GAMES INV                       | MGI Media and Games Invest SE                                                   | CUSIP: 000000000<br>LEI: 391200UIIWMXRLGARB95 | Long             | DBT              | CORP              | MT        |   8000000 | PA      | $8072751.83   | 0.98%             | 2026-06-21      | Floating      | 8.31%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                 | Hertz Vehicle Financing LLC                                                     | CUSIP: 42806MAB5<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2748594.24   | 0.33%             | 2025-12-26      | Fixed         | 1.56%                 | No            |                  2 | On Loan: No      |
| NEWCASTLE COAL INFRASTRU                    | Newcastle Coal Infrastructure Group Pty Ltd                                     | CUSIP: 65106WAA3<br>LEI: 549300YAJ8XYYGW2TZ32 | Long             | DBT              | CORP              | AU        |   1750000 | PA      | $1497536.02   | 0.18%             | 2027-09-29      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JOTUL AS                                    | Joetul AS                                                                       | CUSIP: 000000000<br>LEI: 549300Q04IHV3V82QT54 | Long             | DBT              | CORP              | NO        |  23000000 | PA      | $2325132.49   | 0.28%             | 2024-10-06      | Floating      | 9.99%                 | No            |                  2 | On Loan: No      |
| TRP LLC                                     | TRP 2021 LLC                                                                    | CUSIP: 87267CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2928199 | PA      | $2460555.32   | 0.30%             | 2051-06-19      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                | Ford Credit Auto Owner Trust 2022-C                                             | CUSIP: 34535AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2551719 | PA      | $2549486.65   | 0.31%             | 2023-10-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust              | Carvana Auto Receivables Trust 2020-P1                                          | CUSIP: 14687AAP3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5788000 | PA      | $5376090.27   | 0.65%             | 2026-10-08      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-GR3                                    | CUSIP: 36263TAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5625323 | PA      | $4842421.73   | 0.59%             | 2052-04-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZQ0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7509333.23   | 0.91%             | 2024-03-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                     | CarMax Auto Owner Trust 2020-4                                                  | CUSIP: 14316HAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6808184 | PA      | $6610729.18   | 0.80%             | 2025-08-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                     | NYMT Loan Trust 2022-CP1                                                        | CUSIP: 62955VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2240109 | PA      | $2001724.50   | 0.24%             | 2061-07-25      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr              | Credit Acceptance Auto Loan Trust 2021-3                                        | CUSIP: 22535GAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2700528.66   | 0.33%             | 2030-09-16      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31418BBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119146 | PA      | $117658.95    | 0.01%             | 2034-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TANKER INC                         | American Tanker Inc                                                             | CUSIP: 000000000<br>LEI: 549300NF6T0U83EHY418 | Long             | DBT              | CORP              | US        |   6560000 | PA      | $6283818.95   | 0.76%             | 2025-07-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                                         | CUSIP: 44891ABJ5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5001237.25   | 0.61%             | 2023-04-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2019-2 B PTT                     | United Airlines 2019-2 Class B Pass Through Trust                               | CUSIP: 90932KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3676058 | PA      | $3134322.10   | 0.38%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                             | Slam 2021-1 Ltd                                                                 | CUSIP: 78449AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5799680 | PA      | $4805201.33   | 0.58%             | 2046-06-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| MONTREAL EXCHANGE                           | Montreal Exchange 10 Year Canadian Bond                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | CA        |      -550 | NC      | $1667671.33   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MONTREAL EXCHANGE                           | Montreal Exchange 2 Year Canadian Bond                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | CA        |      2850 | NC      | $-747714.76   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY GROUP LP                     | Simon Property Group LP                                                         | CUSIP: 828807DT1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $4437663.34   | 0.54%             | 2032-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6110000 | PA      | $6129388.25   | 0.75%             | 2028-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Lo              | EDvestinU Private Education Loan Issue No 3 LLC                                 | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1887527 | PA      | $1595082.41   | 0.19%             | 2045-11-25      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ITALY GOV'T INT BOND                        | Republic of Italy Government International Bond                                 | CUSIP: 465410BX5<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |   4500000 | PA      | $4236482.66   | 0.52%             | 2024-10-17      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                         | Hotwire Funding LLC                                                             | CUSIP: 44148JAA7<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3040336.25   | 0.37%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                           | Expedia Group Inc                                                               | CUSIP: 30212PAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3400000 | PA      | $2894127.97   | 0.35%             | 2030-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd               | Corevest American Finance 2020-4 Trust                                          | CUSIP: 21873AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1059684 | PA      | $935877.20    | 0.11%             | 2052-12-15      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| COMMONBOND STUDENT LOAN TRUST               | Commonbond Student Loan Trust 2019-A-GS                                         | CUSIP: 20268CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1970790 | PA      | $1796015.85   | 0.22%             | 2047-01-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2021-FL8                                                                    | CUSIP: 05493JAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3000000 | PA      | $2845817.70   | 0.35%             | 2036-01-18      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Tr              | Credit Acceptance Auto Loan Trust 2020-3                                        | CUSIP: 22536BAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5224143 | PA      | $5113908.27   | 0.62%             | 2029-10-15      | Fixed         | 1.24%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl              | Santander Drive Auto Receivables Trust 2020-3                                   | CUSIP: 80285WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4426912 | PA      | $4386757.70   | 0.53%             | 2026-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3300670.45   | 0.40%             | 2025-01-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25385000 | PA      | $24252591.14  | 2.95%             | 2028-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SEASPAN CORP                                | Seaspan Corp                                                                    | CUSIP: 000000000<br>LEI: 5493007Z8Q1H45KT7W98 | Long             | DBT              | CORP              | MH        |   7600000 | PA      | $7546298.48   | 0.92%             | 2024-02-05      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                      | Flexential Issuer 2021-1                                                        | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4760000 | PA      | $4154930.70   | 0.51%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                    | J.P. Morgan Mortgage Trust 2022-INV3                                            | CUSIP: 46593FAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7202543 | PA      | $6331559.70   | 0.77%             | 2052-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                     | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1816604 | PA      | $1586676.23   | 0.19%             | 2060-07-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| FS ENERGY & POWER FUND                      | FS Energy and Power Fund                                                        | CUSIP: 30264DAA7<br>LEI: 54930004XHN0QROEGZ58 | Long             | DBT              | CORP              | US        |   3685000 | PA      | $3695020.58   | 0.45%             | 2023-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                  | Fannie Mae Pool                                                                 | CUSIP: 31416CJV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210848 | PA      | $221039.16    | 0.03%             | 2038-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 9128284N7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25615000 | PA      | $24214179.69  | 2.95%             | 2028-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                     | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3724038 | PA      | $3326575.65   | 0.40%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat              | Hyundai Auto Lease Securitization Trust 2020-B                                  | CUSIP: 44891PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     54816 | PA      | $54746.81     | 0.01%             | 2023-09-15      | Fixed         | 0.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128MB4Q7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       209 | PA      | $208.08       | 0.00%             | 2023-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3552976 | PA      | $3091811.10   | 0.38%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2021-PJ9                                    | CUSIP: 36263CAH2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3429537 | PA      | $2952520.03   | 0.36%             | 2052-02-26      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P              | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FRUV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  53769576 | PA      | $3996571.57   | 0.49%             | 2030-01-25      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                             | CUSIP: 059438AK7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3358787.58   | 0.41%             | 2027-04-29      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | PEAR 2022-1 LLC                                                                 | CUSIP: 70472XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2132928 | PA      | $2129129.88   | 0.26%             | 2034-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                   | College Ave Student Loans 2021-A LLC                                            | CUSIP: 19424KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1793027 | PA      | $1528307.15   | 0.19%             | 2051-07-25      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Stonepeak                                   | Stonepeak 2021-1 ABS                                                            | CUSIP: 78433XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1001487 | PA      | $890919.01    | 0.11%             | 2033-02-28      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities               | GS Mortgage-Backed Securities Trust 2022-PJ1                                    | CUSIP: 36263NAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4603293 | PA      | $4184169.75   | 0.51%             | 2052-05-28      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                   | Towd Point Mortgage Trust 2016-5                                                | CUSIP: 89173CAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157923 | PA      | $155272.01    | 0.02%             | 2056-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Student Loan Trust 2020-1                                               | CUSIP: 63942FAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2256878 | PA      | $2183685.45   | 0.27%             | 2069-06-25      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Pear LLC                                    | PEAR 2021-1 LLC                                                                 | CUSIP: 70472TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4438178 | PA      | $4174905.41   | 0.51%             | 2034-01-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                     | Blackstone Secured Lending Fund                                                 | CUSIP: 09261XAB8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   1239000 | PA      | $1087689.10   | 0.13%             | 2026-09-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL              | Aligned Data Centers Issuer LLC                                                 | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $3830246.78   | 0.47%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                 | Freddie Mac Gold Pool                                                           | CUSIP: 3128M73H7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37782 | PA      | $39651.91     | 0.00%             | 2040-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GREENIDGE GEN HLD INC                       | Greenidge Generation Holdings Inc                                               | CUSIP: 39531G209<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     70000 | NS      | $74900.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CABONLINE GROUP HOLD                        | Cabonline Group Holding AB                                                      | CUSIP: 000000000<br>LEI: 549300PB67LZ38PTO750 | Long             | DBT              | CORP              | SE        |  17500000 | PA      | $1512860.37   | 0.18%             | 2026-04-19      | Floating      | 11.25%                | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru              | SMB Private Education Loan Trust                                                | CUSIP: 78449XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1471249 | PA      | $1299179.53   | 0.16%             | 2053-07-15      | Fixed         | 1.29%                 | No            |                  2 | On Loan: No      |
| ARBOR REALTY TRUST INC                      | Arbor Realty Trust Inc                                                          | CUSIP: 038923AS7<br>LEI: 549300ASFUWYQO0RW077 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3554503.58   | 0.43%             | 2023-04-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                | Navient Corp                                                                    | CUSIP: 63938CAH1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1730259.32   | 0.21%             | 2025-06-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                           | Imperial Fund Mortgage Trust 2022-NQM3                                          | CUSIP: 45276KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4376105 | PA      | $4052924.34   | 0.49%             | 2067-05-25      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                           | KREF 2021-FL2 Ltd                                                               | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-CBDO         | CORP              | KY        |   3500000 | PA      | $3274856.55   | 0.40%             | 2039-02-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD                        | Tencent Holdings Ltd                                                            | CUSIP: 88032WAN6<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |   6650000 | PA      | $6150305.30   | 0.75%             | 2029-04-11      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                          | Energy Transfer LP                                                              | CUSIP: 29278NAL7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3990782.28   | 0.49%             | 2023-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| POPULAR INC                                 | Popular Inc                                                                     | CUSIP: 733174AK2<br>LEI: 5493008CARDZMVQ3LO89 | Long             | DBT              | CORP              | PR        |   3735000 | PA      | $3713132.47   | 0.45%             | 2023-09-14      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                                 | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2420944.08   | 0.29%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Triton Container Finance LLC                | Triton Container Finance VIII LLC                                               | CUSIP: 89680HAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5618250 | PA      | $4691641.24   | 0.57%             | 2046-03-20      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                        | FREMF 2013-K28 Mortgage Trust                                                   | CUSIP: 30291HAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17223664 | PA      | $672.76       | 0.00%             | 2046-06-25      | Fixed         | 0.10%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trus              | Fontainebleau Miami Beach Trust 2019-FBLU                                       | CUSIP: 34461LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4480000 | PA      | $4184631.90   | 0.51%             | 2036-12-10      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                                | CUSIP: 91282CCU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21400000 | PA      | $20756328.23  | 2.52%             | 2023-08-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                              | Amazon.com Inc                                                                  | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3802572.36   | 0.46%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Oxford Finance Funding Trust                | Oxford Finance Funding 2020-1 LLC                                               | CUSIP: 69144AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4176631 | PA      | $4130469.30   | 0.50%             | 2028-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Laurel Road Prime Student Loan              | Laurel Road Prime Student Loan Trust 2019-A                                     | CUSIP: 51889RAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    401858 | PA      | $390042.71    | 0.05%             | 2048-10-25      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    946872 | PA      | $817921.41    | 0.10%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl              | Santander Drive Auto Receivables Trust 2020-2                                   | CUSIP: 80285RAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750166 | PA      | $2737282.82   | 0.33%             | 2025-09-15      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd               | Corevest American Finance 2019-3 Trust                                          | CUSIP: 21872NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1851677 | PA      | $1734589.51   | 0.21%             | 2052-10-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| PELORUS FUND REIT LLC                       | Pelorus Fund REIT LLC                                                           | CUSIP: 70615PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4345000 | PA      | $4001700.85   | 0.49%             | 2026-09-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXZ2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4942969.35   | 0.60%             | 2024-03-08      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| HTS Funding DE LLC                          | HTS Fund I LLC                                                                  | CUSIP: 40456HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1723573.43   | 0.21%             | 2036-08-25      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                | Business Jet Securities 2021-1 LLC                                              | CUSIP: 12327BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3966268 | PA      | $3482596.16   | 0.42%             | 2036-04-15      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Manning & Napier Fund, Inc.

**Signature:** Troy M. Statczar

**Name of Signer:** Troy M. Statczar

**Title:** Principal Financial Officer