# EDGAR Filing Document

**Accession Number:** 0001959372
**File Stem:** 0001145549-25-055632
**Filing Date:** 2025-8
**Character Count:** 144680
**Document Hash:** 96fdaca13a61b6f4018205c349ec6f4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055632.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055632

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aristotle Funds Series Trust
- **CENTRAL INDEX KEY:** 0001959372

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23850
- **FILM NUMBER:** 251270021

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (949) 219-3391

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

## Series and Classes Contracts Data

### Aristotle Core Bond Fund (Series ID: S000080073)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241714 | Class I      | PLEBX           |
| C000241715 | Class I-2    | PLEDX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Aristotle Core Bond Fund** | **Aristotle Core Bond Fund** | **Aristotle Core Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 38.0%** | **Par** | **Value** |
| **Communications - 1.1%** | **Communications - 1.1%** | **Communications - 1.1%** |
|  AT&T, Inc., 3.50%, 09/15/2053 | 450000 | $304824 |
|  Charter Communications Operating LLC / Charter Communications Operating Capital, 3.50%, 06/01/2041 | 200000 | 145188 |
|  Comcast Corp., 6.05%, 05/15/2055 | 350000 | 357633 |
|  T-Mobile USA, Inc., 5.30%, 05/15/2035 | 250000 | 253229 |
| Verizon Communications, Inc. | Verizon Communications, Inc. | Verizon Communications, Inc. |
| &nbsp;&nbsp; 3.40%, 03/22/2041 | 600000 | 463065 |
| &nbsp;&nbsp; 5.50%, 02/23/2054 | 100000 | 96716 |
|  |  | 1620655 |
| **Consumer Discretionary - 1.3%** | **Consumer Discretionary - 1.3%** | **Consumer Discretionary - 1.3%** |
|  Ford Motor Credit Co. LLC, 4.54%, 08/01/2026 | 200000 | 198679 |
|  Hyundai Capital America, 4.85%, 03/25/2027 <sup>(a)</sup> | 50000 | 50236 |
|  Lennar Corp., 5.20%, 07/30/2030 | 1200000 | 1223059 |
|  Lowe's Cos., Inc., 4.45%, 04/01/2062 | 250000 | 194205 |
|  Paychex, Inc., 5.60%, 04/15/2035 | 50000 | 51707 |
|  Royal Caribbean Cruises Ltd., 5.63%, 09/30/2031 <sup>(a)</sup> | 100000 | 100673 |
|  |  | 1818559 |
| **Consumer Staples - 3.2%** | **Consumer Staples - 3.2%** | **Consumer Staples - 3.2%** |
|  Anheuser-Busch InBev Worldwide, Inc., 5.45%, 01/23/2039 | 500000 | 508872 |
|  Constellation Brands, Inc., 4.80%, 05/01/2030 | 300000 | 302574 |
|  Diageo Investment Corp., 5.63%, 04/15/2035 | 500000 | 523072 |
|  J M Smucker Co., 6.20%, 11/15/2033 | 250000 | 268455 |
| JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl |
| &nbsp;&nbsp; 3.00%, 05/15/2032 | 150000 | 131413 |
| &nbsp;&nbsp; 6.75%, 03/15/2034 | 100000 | 109229 |
|  JBS USA LUX Sarl / JBS USA Food Co. / JBS USA Foods Group, 5.95%, 04/20/2035 <sup>(a)</sup> | 600000 | 622188 |
|  Keurig Dr Pepper, Inc., 5.15%, 05/15/2035 | 1000000 | 998295 |
|  Mars, Inc., 5.20%, 03/01/2035 <sup>(a)</sup> | 1000000 | 1012480 |
|  |  | 4476578 |
| **Energy - 1.0%** | **Energy - 1.0%** | **Energy - 1.0%** |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 5.75%, 02/15/2033 | 150000 | 155770 |
| &nbsp;&nbsp; 5.70%, 04/01/2035 | 650000 | 662373 |
|  Targa Resources Corp., 6.50%, 03/30/2034 | 400000 | 430047 |
|  Williams Cos., Inc., 5.30%, 09/30/2035 | 150000 | 150235 |
|  |  | 1398425 |
| **Financials - 21.7%** | **Financials - 21.7%** | **Financials - 21.7%** |
|  Agree LP, 5.60%, 06/15/2035 | 200000 | 203658 |
|  American International Group, Inc., 5.45%, 05/07/2035 | 420000 | 430915 |
|  Arthur J Gallagher & Co., 5.15%, 02/15/2035 | 250000 | 250263 |
|  Athene Holding Ltd., 6.63%, 05/19/2055 | 300000 | 309399 |
|  Atlas Warehouse Lending Co. LP, 6.25%, 01/15/2030 <sup>(a)</sup> | 300000 | 303308 |
|  Aviation Capital Group LLC, 5.13%, 04/10/2030 <sup>(a)</sup> | 50000 | 50498 |
|  Avolon Holdings Funding Ltd., 5.38%, 05/30/2030 <sup>(a)</sup> | 650000 | 662411 |
|  Banco Mercantil del Norte SA/Grand Cayman, 8.38% to 10/14/2030 then 10 yr. CMT Rate + 7.76%, Perpetual <sup>(a)</sup> | 500000 | 518897 |
|  Banco Santander SA, 6.03%, 01/17/2035 | 400000 | 421603 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 5.51% to 01/24/2035 then SOFR + 1.31%, 01/24/2036 | 1050000 | 1080025 |
| &nbsp;&nbsp; 5.74% to 02/12/2035 then SOFR + 1.70%, 02/12/2036 | 500000 | 508315 |
| &nbsp;&nbsp; 2.48% to 09/21/2031 then 5 yr. CMT Rate + 1.20%, 09/21/2036 | 350000 | 296671 |
| &nbsp;&nbsp; 3.85% to 03/08/2032 then 5 yr. CMT Rate + 2.00%, 03/08/2037 | 300000 | 274616 |
|  Bank of Nova Scotia, 7.35% to 04/27/2030 then 5 yr. CMT Rate + 2.90%, 04/27/2085 | 400000 | 403955 |
|  Barclays PLC, 5.79% to 02/25/2035 then SOFR + 1.59%, 02/25/2036 | 250000 | 255649 |
|  BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico, 7.63% to 02/11/2030 then 5 yr. CMT Rate + 3.38%, 02/11/2035 <sup>(a)</sup> | 400000 | 411720 |
| BNP Paribas SA | BNP Paribas SA | BNP Paribas SA |
| &nbsp;&nbsp; 5.79% to 01/13/2032 then SOFR + 1.62%, 01/13/2033 <sup>(a)</sup> | 400000 | 416364 |
| &nbsp;&nbsp; 7.45% to 06/27/2035 then 5 yr. CMT Rate + 3.13%, Perpetual <sup>(a)</sup> | 200000 | 201700 |
|  BPCE SA, 5.39% to 05/28/2030 then SOFR + 1.58%, 05/28/2031 <sup>(a)</sup> | 250000 | 254646 |
|  Brixmor Operating Partnership LP, 5.75%, 02/15/2035 | 450000 | 462665 |
|  Broadstone Net Lease LLC, 2.60%, 09/15/2031 | 200000 | 170114 |
|  Brown & Brown, Inc., 5.55%, 06/23/2035 | 300000 | 306035 |
|  Capital One Financial Corp., 6.18% to 01/30/2035 then SOFR + 2.04%, 01/30/2036 | 400000 | 407400 |
|  CBRE Services, Inc., 4.80%, 06/15/2030 | 300000 | 301066 |
|  Citigroup, Inc., 4.95% to 05/07/2030 then SOFR + 1.46%, 05/07/2031 | 800000 | 809337 |
|  Cooperatieve Rabobank UA, 1.98% to 12/15/2026 then 1 yr. CMT Rate + 0.73%, 12/15/2027 <sup>(a)</sup> | 250000 | 241193 |
|  Credit Agricole SA, 5.86% to 01/09/2035 then SOFR + 1.74%, 01/09/2036 <sup>(a)</sup> | 400000 | 414846 |
|  Equinix Europe 2 Financing Corp. LLC, 5.50%, 06/15/2034 | 230000 | 235666 |
|  Extra Space Storage LP, 5.40%, 02/01/2034 | 300000 | 304861 |
|  Fairfax Financial Holdings Ltd., 6.50%, 05/20/2055 <sup>(a)</sup> | 600000 | 614403 |
|  First Industrial LP, 5.25%, 01/15/2031 | 500000 | 506079 |
|  Fiserv, Inc., 3.50%, 07/01/2029 | 250000 | 240900 |
|  GLP Capital LP / GLP Financing II, Inc., 3.25%, 01/15/2032 | 400000 | 352358 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 | 200000 | 196849 |
| &nbsp;&nbsp; 5.22% to 04/23/2030 then SOFR + 1.58%, 04/23/2031 | 350000 | 358901 |
| &nbsp;&nbsp; 5.54% to 01/28/2035 then SOFR + 1.38%, 01/28/2036 | 1500000 | 1538819 |
|  High Street Funding Trust III, 5.81%, 02/15/2055 <sup>(a)</sup> | 500000 | 485641 |
|  Host Hotels & Resorts LP, 5.70%, 07/01/2034 | 250000 | 251737 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 5.55% to 03/04/2029 then SOFR + 1.46%, 03/04/2030 | 300000 | 308992 |
| &nbsp;&nbsp; 5.45% to 03/03/2035 then SOFR + 1.56%, 03/03/2036 | 1000000 | 1005887 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 5.50% to 01/24/2035 then SOFR + 1.32%, 01/24/2036 | 250000 | 257604 |
| &nbsp;&nbsp; 5.57% to 04/22/2035 then SOFR + 1.68%, 04/22/2036 | 2200000 | 2280815 |
| Kite Realty Group LP | Kite Realty Group LP | Kite Realty Group LP |
| &nbsp;&nbsp; 4.95%, 12/15/2031 | 400000 | 401661 |
| &nbsp;&nbsp; 5.20%, 08/15/2032 | 100000 | 100924 |
|  LPL Holdings, Inc., 5.75%, 06/15/2035 | 300000 | 303636 |
|  Massachusetts Mutual Life Insurance Co., 5.67%, 12/01/2052 <sup>(a)</sup> | 400000 | 389113 |
|  MetLife, Inc., 6.35% to 03/15/2035 then 5 yr. CMT Rate + 2.08%, 03/15/2055 | 200000 | 205735 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 5.83% to 04/19/2034 then SOFR + 1.58%, 04/19/2035 | 500000 | 524035 |
| &nbsp;&nbsp; 5.66% to 04/17/2035 then SOFR + 1.76%, 04/17/2036 | 1500000 | 1554954 |
|  Nippon Life Insurance Co., 6.50% to 04/30/2035 then 5 yr. CMT Rate + 3.19%, 04/30/2055 <sup>(a)</sup> | 200000 | 207187 |
| Northwestern Mutual Life Insurance Co. | Northwestern Mutual Life Insurance Co. | Northwestern Mutual Life Insurance Co. |
| &nbsp;&nbsp; 3.85%, 09/30/2047 <sup>(a)</sup> | 400000 | 306338 |
| &nbsp;&nbsp; 6.17%, 05/29/2055 <sup>(a)</sup> | 400000 | 418041 |
|  Peachtree Corners Funding Trust II, 6.01%, 05/15/2035 <sup>(a)</sup> | 200000 | 205077 |
|  Phillips Edison Grocery Center Operating Partnership I LP, 4.95%, 01/15/2035 | 400000 | 387591 |
|  PNC Financial Services Group, Inc., 6.88% to 10/20/2033 then SOFR + 2.28%, 10/20/2034 | 750000 | 838720 |
|  Rocket Cos., Inc., 6.13%, 08/01/2030 <sup>(a)</sup> | 175000 | 178440 |
|  Royal Bank of Canada, 6.35% to 11/24/2034 then 5 yr. CMT Rate + 2.26%, 11/24/2084 | 500000 | 471246 |
|  Skandinaviska Enskilda Banken AB, 5.38%, 03/05/2029 <sup>(a)</sup> | 300000 | 309107 |
|  Sumitomo Mitsui Financial Group, Inc., 5.25% to 07/08/2035 then SOFR + 1.50%, 07/08/2036 | 500000 | 500000 |
|  Truist Bank, 4.63% to 09/17/2029 then 5 yr. CMT Rate + 1.15%, 09/17/2029 | 250000 | 247215 |
| UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 5.43% to 02/08/2029 then 1 yr. CMT Rate + 1.52%, 02/08/2030 <sup>(a)</sup> | 200000 | 205448 |
| &nbsp;&nbsp; 7.75% to 04/12/2031 then USISSO05 + 4.16%, Perpetual <sup>(a)</sup> | 350000 | 369342 |
|  Ventas Realty LP, 5.00%, 01/15/2035 | 500000 | 491748 |
| VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. |
| &nbsp;&nbsp; 4.63%, 12/01/2029 <sup>(a)</sup> | 100000 | 98286 |
| &nbsp;&nbsp; 4.13%, 08/15/2030 <sup>(a)</sup> | 700000 | 672171 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 5.21% to 12/03/2034 then SOFR + 1.38%, 12/03/2035 | 150000 | 150636 |
| &nbsp;&nbsp; 5.61% to 04/23/2035 then SOFR + 1.74%, 04/23/2036 | 1250000 | 1290760 |
|  Welltower OP LLC, 5.13%, 07/01/2035 | 100000 | 100429 |
|  Westpac Banking Corp., 5.62% to 11/20/2034 then 1 yr. CMT Rate + 1.20%, 11/20/2035 | 500000 | 503557 |
|  |  | 30738178 |
| **Health Care - 1.3%** | **Health Care - 1.3%** | **Health Care - 1.3%** |
| Amgen, Inc. | Amgen, Inc. | Amgen, Inc. |
| &nbsp;&nbsp; 4.20%, 03/01/2033 | 650000 | 624178 |
| &nbsp;&nbsp; 3.15%, 02/21/2040 | 100000 | 77077 |
|  Elevance Health, Inc., 5.65%, 06/15/2054 | 200000 | 192399 |
|  Laboratory Corp. of America Holdings, 4.80%, 10/01/2034 | 400000 | 391224 |
|  Universal Health Services, Inc., 4.63%, 10/15/2029 | 500000 | 494522 |
|  |  | 1779400 |
| **Industrials - 2.4%** | **Industrials - 2.4%** | **Industrials - 2.4%** |
|  Allegion US Holding Co., Inc., 3.55%, 10/01/2027 | 200000 | 196149 |
|  BAE Systems PLC, 5.30%, 03/26/2034 <sup>(a)</sup> | 500000 | 511404 |
|  Boeing Co., 6.53%, 05/01/2034 | 400000 | 434873 |
|  Ferguson Finance PLC, 3.25%, 06/02/2030 <sup>(a)</sup> | 200000 | 188486 |
|  HEICO Corp., 5.35%, 08/01/2033 | 500000 | 512032 |
|  IDEX Corp., 4.95%, 09/01/2029 | 200000 | 203348 |
|  Keysight Technologies, Inc., 3.00%, 10/30/2029 | 250000 | 235281 |
|  nVent Finance Sarl, 2.75%, 11/15/2031 | 250000 | 217600 |
|  Weir Group, Inc., 5.35%, 05/06/2030 <sup>(a)</sup> | 400000 | 405735 |
|  Westinghouse Air Brake Technologies Corp., 5.50%, 05/29/2035 | 450000 | 456726 |
|  |  | 3361634 |
| **Materials - 0.3%** | **Materials - 0.3%** | **Materials - 0.3%** |
|  Amcor Flexibles North America, Inc., 5.50%, 03/17/2035 <sup>(a)</sup> | 250000 | 253759 |
|  Rio Tinto Finance USA PLC, 5.25%, 03/14/2035 | 200000 | 203606 |
|  |  | 457365 |
| **Technology - 1.7%** | **Technology - 1.7%** | **Technology - 1.7%** |
|  Booz Allen Hamilton, Inc., 3.88%, 09/01/2028 <sup>(a)</sup> | 450000 | 436653 |
|  CDW LLC / CDW Finance Corp., 5.10%, 03/01/2030 | 150000 | 151170 |
|  Dell International LLC / EMC Corp., 5.00%, 04/01/2030 | 100000 | 101634 |
|  Fair Isaac Corp., 6.00%, 05/15/2033 <sup>(a)</sup> | 385000 | 389491 |
|  Hewlett Packard Enterprise Co., 4.55%, 10/15/2029 | 250000 | 248807 |
|  Intel Corp., 5.70%, 02/10/2053 | 150000 | 139699 |
|  Kyndryl Holdings, Inc., 3.15%, 10/15/2031 | 300000 | 271071 |
|  Oracle Corp., 5.50%, 09/27/2064 | 200000 | 182306 |
|  Roper Technologies, Inc., 4.90%, 10/15/2034 | 500000 | 493320 |
|  |  | 2414151 |
| **Utilities - 4.0%** | **Utilities - 4.0%** | **Utilities - 4.0%** |
|  AEP Transmission Co. LLC, 5.38%, 06/15/2035 | 750000 | 766663 |
|  AES Corp., 5.80%, 03/15/2032 | 700000 | 711080 |
|  Consumers Energy Co., 5.05%, 05/15/2035 | 150000 | 151123 |
|  DTE Electric Co., 5.25%, 05/15/2035 | 250000 | 254678 |
|  DTE Energy Co., 5.85%, 06/01/2034 | 150000 | 156994 |
|  Nevada Power Co., 5.90%, 05/01/2053 | 500000 | 497978 |
|  NiSource, Inc., 5.35%, 04/01/2034 | 500000 | 508647 |
|  Northern States Power Co./MN, 5.05%, 05/15/2035 | 500000 | 505218 |
|  Oncor Electric Delivery Co. LLC, 5.55%, 06/15/2054 | 400000 | 387645 |
|  PacifiCorp, 7.38% to 09/15/2030 then 5 yr. CMT Rate + 3.32%, 09/15/2055 | 50000 | 52103 |
|  Southwestern Electric Power Co., 5.30%, 04/01/2033 | 500000 | 504948 |
|  Virginia Electric and Power Co., 5.55%, 08/15/2054 | 400000 | 387748 |
|  Vistra Operations Co. LLC, 5.70%, 12/30/2034 <sup>(a)</sup> | 750000 | 764332 |
|  |  | 5649157 |
| **TOTAL CORPORATE BONDS** (Cost $53,257,159) | **TOTAL CORPORATE BONDS** (Cost $53,257,159) | 53714102 |
| **U.S. TREASURY SECURITIES - 28.2%** | **Par** | **Value** |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 3.88%, 04/30/2030 | 6000000 | 6024844 |
| &nbsp;&nbsp; 4.00%, 05/31/2030 | 3750000 | 3786914 |
| &nbsp;&nbsp; 3.38%, 05/15/2033 | 200000 | 190711 |
| &nbsp;&nbsp; 4.00%, 02/15/2034 | 300000 | 296965 |
| &nbsp;&nbsp; 3.88%, 08/15/2034 | 125000 | 122085 |
| &nbsp;&nbsp; 4.63%, 02/15/2035 | 18810000 | 19412508 |
| &nbsp;&nbsp; 4.25%, 05/15/2035 | 4500000 | 4507383 |
| &nbsp;&nbsp; 1.75%, 08/15/2041 | 125000 | 83027 |
| &nbsp;&nbsp; 3.00%, 11/15/2044 | 250000 | 192588 |
| &nbsp;&nbsp; 1.25%, 05/15/2050 | 250000 | 120195 |
| &nbsp;&nbsp; 1.88%, 02/15/2051 | 500000 | 281016 |
| &nbsp;&nbsp; 2.00%, 08/15/2051 | 250000 | 144209 |
| &nbsp;&nbsp; 1.88%, 11/15/2051 | 150000 | 83508 |
| &nbsp;&nbsp; 2.25%, 02/15/2052 | 500000 | 305566 |
| &nbsp;&nbsp; 2.88%, 05/15/2052 | 500000 | 352031 |
| &nbsp;&nbsp; 4.63%, 02/15/2055 | 3885000 | 3783019 |
| &nbsp;&nbsp; 4.75%, 05/15/2055 | 250000 | 248633 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $40,255,695) | **TOTAL U.S. TREASURY SECURITIES** (Cost $40,255,695) | 39935202 |
| **MORTGAGE-BACKED SECURITIES - 14.8%** | **Par** | **Value** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Pool SD8367, 5.50%, 10/01/2053 | 214334 | 214684 |
| &nbsp;&nbsp; Pool SD8447, 6.00%, 07/01/2054 | 1192045 | 1212675 |
| &nbsp;&nbsp; Pool SD8496, 6.00%, 01/01/2055 | 1206888 | 1227313 |
| &nbsp;&nbsp; Pool SD8507, 6.00%, 02/01/2055 | 944783 | 960709 |
| &nbsp;&nbsp; Pool SD8523, 5.00%, 04/01/2055 | 294475 | 288772 |
| &nbsp;&nbsp; Pool SD8532, 5.00%, 05/01/2055 | 1489253 | 1460640 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Pool CB9327, 5.50%, 10/01/2054 | 664709 | 677324 |
| &nbsp;&nbsp; Pool MA5027, 4.00%, 05/01/2053 | 1116111 | 1039985 |
| &nbsp;&nbsp; Pool MA5139, 6.00%, 09/01/2053 | 969996 | 987739 |
| &nbsp;&nbsp; Pool MA5341, 4.00%, 04/01/2054 | 529105 | 492467 |
| &nbsp;&nbsp; Pool MA5529, 4.50%, 11/01/2054 | 1068550 | 1023020 |
| &nbsp;&nbsp; Pool MA5530, 5.00%, 11/01/2054 | 1441077 | 1413505 |
| &nbsp;&nbsp; Pool MA5643, 4.00%, 03/01/2055 | 1076605 | 1001794 |
| &nbsp;&nbsp; Pool MA5665, 3.50%, 03/01/2055 | 492010 | 443296 |
| &nbsp;&nbsp; Pool MA5670, 4.00%, 04/01/2055 | 246825 | 229674 |
| &nbsp;&nbsp; Pool MA5699, 5.00%, 05/01/2055 | 1489780 | 1461041 |
| Ginnie Mae II Pool | Ginnie Mae II Pool | Ginnie Mae II Pool |
| &nbsp;&nbsp; Pool MA7650, 3.00%, 10/20/2051 | 1017451 | 901618 |
| &nbsp;&nbsp; Pool MA7706, 3.00%, 11/20/2051 | 1060989 | 939543 |
| &nbsp;&nbsp; Pool MA9848, 4.00%, 08/20/2054 | 1464707 | 1365566 |
| &nbsp;&nbsp; Pool MB0090, 4.50%, 12/20/2054 | 271274 | 259862 |
| &nbsp;&nbsp; Pool MB0091, 5.00%, 12/20/2054 | 305234 | 300110 |
| &nbsp;&nbsp; Pool MB0145, 4.50%, 01/20/2055 | 311416 | 298315 |
| &nbsp;&nbsp; Pool MB0147, 5.50%, 01/20/2055 | 345463 | 346288 |
| &nbsp;&nbsp; Pool MB0204, 5.00%, 02/20/2055 | 347106 | 341278 |
| &nbsp;&nbsp; Pool MB0256, 4.00%, 03/20/2055 | 347055 | 322931 |
| &nbsp;&nbsp; Pool MB0257, 4.50%, 03/20/2055 | 312971 | 299805 |
| &nbsp;&nbsp; Pool MB0259, 5.50%, 03/20/2055 | 248333 | 248888 |
| &nbsp;&nbsp; Pool MB0305, 4.00%, 04/20/2055 | 1245749 | 1159157 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $20,863,383) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $20,863,383) | 20917999 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS - 9.9%** | **Par** | **Value** |
| Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC | Angel Oak Mortgage Trust LLC |
| &nbsp;&nbsp; Series 2025-3, Class A1, 5.42%, 03/25/2070 <sup>(a)(b)</sup> | 142985 | 143045 |
| &nbsp;&nbsp; Series 2025-4, Class A1, 5.86%, 04/25/2070 <sup>(a)(b)</sup> | 289095 | 291530 |
| &nbsp;&nbsp; Series 2025-6, Class A1, 5.52%, 04/25/2070 <sup>(a)(b)</sup> | 646705 | 648901 |
| &nbsp;&nbsp; Series 2025-7, Class A1, 5.51%, 06/25/2070 <sup>(a)(c)</sup> | 400000 | 401942 |
| BRAVO Residential Funding Trust | BRAVO Residential Funding Trust | BRAVO Residential Funding Trust |
| &nbsp;&nbsp; Series 2023-NQM4, Class A1, 6.44%, 05/25/2063 <sup>(a)(b)</sup> | 72541 | 72944 |
| &nbsp;&nbsp; Series 2024-NQM5, Class A1, 5.80%, 06/25/2064 <sup>(a)(b)</sup> | 176612 | 177482 |
| &nbsp;&nbsp; Series 2024-NQM6, Class A1, 5.41%, 08/01/2064 <sup>(a)(b)</sup> | 755201 | 756427 |
| &nbsp;&nbsp; Series 2025-NQM3, Class A1, 5.57%, 03/25/2065 <sup>(a)(b)</sup> | 289580 | 291595 |
| &nbsp;&nbsp; Series 2025-NQM4, Class A1, 5.61%, 02/25/2065 <sup>(a)(b)</sup> | 196091 | 197592 |
| &nbsp;&nbsp; Series 2025-NQM5, Class A1, 5.50%, 02/25/2065 <sup>(a)(b)</sup> | 486869 | 488688 |
|  CHI Commercial Mortgage Trust, Series 2025-SFT, Class A, 5.66%, 04/15/2042 <sup>(a)(c)</sup> | 100000 | 101996 |
|  COLT 2023-2 Mortgage Loan Trust, Series 2024-1, Class A1, 5.84%, 02/25/2069 <sup>(a)(b)</sup> | 838539 | 842468 |
| COLT Funding LLC | COLT Funding LLC | COLT Funding LLC |
| &nbsp;&nbsp; Series 2023-3, Class A1, 7.18%, 09/25/2068 <sup>(a)(b)</sup> | 334987 | 340189 |
| &nbsp;&nbsp; Series 2025-3, Class A1, 5.35%, 03/25/2070 <sup>(a)(b)</sup> | 120484 | 120803 |
|  Cross Mortgage Trust, Series 2025-H4, Class A1, 5.60%, 06/25/2070 <sup>(a)(c)</sup> | 639124 | 644115 |
| Freddie Mac Seasoned Credit Risk Transfer Trust | Freddie Mac Seasoned Credit Risk Transfer Trust | Freddie Mac Seasoned Credit Risk Transfer Trust |
| &nbsp;&nbsp; Series 2019-1, Class MA, 3.50%, 07/25/2058 | 897077 | 863257 |
| &nbsp;&nbsp; Series 2021-3, Class MA, 2.00%, 03/25/2061 | 223912 | 194762 |
| &nbsp;&nbsp; Series 2025-1, Class MTU, 3.25%, 11/25/2064 | 196473 | 170566 |
|  GCAT, Series 2025-NQM1, Class A1, 5.37%, 11/25/2069 <sup>(a)(b)</sup> | 475611 | 476653 |
|  GS Mortgage-Backed Securities Trust, Series 2025-NQM2, Class A1, 5.65%, 06/25/2065 <sup>(a)(c)</sup> | 350000 | 351588 |
| JP Morgan Mortgage Trust | JP Morgan Mortgage Trust | JP Morgan Mortgage Trust |
| &nbsp;&nbsp; Series 2025-NQM1, Class A1, 5.59%, 06/25/2065 <sup>(a)(b)</sup> | 191267 | 192105 |
| &nbsp;&nbsp; Series 2025-NQM2, Class A1, 5.57%, 09/25/2065 <sup>(a)(c)</sup> | 245697 | 246764 |
|  LHOME Mortgage Trust, Series 2025-RTL2, Class A1, 5.61%, 04/25/2040 <sup>(a)(c)</sup> | 500000 | 502455 |
| MFRA Trust | MFRA Trust | MFRA Trust |
| &nbsp;&nbsp; Series 2024-NQM3, Class A1, 5.72%, 12/25/2069 <sup>(a)(b)</sup> | 888751 | 894805 |
| &nbsp;&nbsp; Series 2025-NQM2, Class A1, 5.68%, 05/27/2070 <sup>(a)(b)</sup> | 640245 | 644051 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2023-NQM7, Class A1, 6.84%, 04/25/2063 <sup>(a)(b)</sup> | 944073 | 956694 |
| &nbsp;&nbsp; Series 2024-NQM11, Class A1, 5.88%, 06/25/2064 <sup>(a)(b)</sup> | 175594 | 176669 |
| &nbsp;&nbsp; Series 2025-NQM1, Class A1, 5.55%, 12/25/2064 <sup>(a)(c)</sup> | 918968 | 922891 |
| &nbsp;&nbsp; Series 2025-NQM10, Class A1, 5.45%, 05/25/2065 <sup>(a)(b)</sup> | 497085 | 499653 |
| &nbsp;&nbsp; Series 2025-NQM3, Class A1, 5.65%, 12/01/2064 <sup>(a)(b)</sup> | 334881 | 336941 |
| &nbsp;&nbsp; Series 2025-NQM4, Class A1, 5.40%, 02/25/2055 <sup>(a)(b)</sup> | 238709 | 238977 |
| &nbsp;&nbsp; Series 2025-NQM6, Class A1, 5.60%, 03/25/2065 <sup>(a)(b)</sup> | 271073 | 272351 |
| &nbsp;&nbsp; Series 2025-NQM7, Class A1, 5.56%, 05/25/2055 <sup>(a)(b)</sup> | 290106 | 292189 |
|  PRKCM Trust, Series 2025-HOME1, Class A1A, 5.55%, 02/25/2060 <sup>(a)(b)</sup> | 244218 | 245402 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $13,947,245) | **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS** (Cost $13,947,245) | 13998490 |
| **ASSET-BACKED SECURITIES - 5.9%** | **Par** | **Value** |
|  AmeriCredit Automobile Receivables Trust, Series 2024-1, Class A2A, 5.75%, 02/18/2028 | 89782 | 89938 |
|  Bank of America Auto Trust, Series 2025-1A, Class A4, 4.47%, 11/20/2031 <sup>(a)</sup> | 450000 | 451649 |
|  Carvana Auto Receivables Trust, Series 2022-N1, Class D, 4.13%, 12/11/2028 <sup>(a)</sup> | 177920 | 176150 |
|  CPS Auto Trust, Series 2025-B, Class B, 4.79%, 11/15/2029 <sup>(a)</sup> | 500000 | 500966 |
|  Exeter Automobile Receivables Trust, Series 2022-3A, Class D, 6.76%, 09/15/2028 | 300000 | 304598 |
|  FHF Trust, Series 2024-2A, Class B, 5.97%, 06/15/2030 <sup>(a)</sup> | 300000 | 305165 |
|  Ford Credit Auto Owner Trust, Series 2024-1, Class A, 4.87%, 08/15/2036 <sup>(a)(b)</sup> | 200000 | 203716 |
|  GLS Auto Receivables Trust, Series 2025-2A, Class B, 4.97%, 10/15/2029 <sup>(a)</sup> | 800000 | 809606 |
|  GM Financial Revolving Receivables Trust, Series 2023-2, Class A, 5.77%, 08/11/2036 <sup>(a)</sup> | 100000 | 104619 |
|  MVW Owner Trust, Series 2022-1A, Class A, 4.15%, 11/21/2039 <sup>(a)</sup> | 810798 | 800276 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2019-BA, Class A2A, 3.39%, 12/15/2059 <sup>(a)</sup> | 193756 | 187458 |
| &nbsp;&nbsp; Series 2020-2A, Class A1A, 1.32%, 08/26/2069 <sup>(a)</sup> | 96169 | 84378 |
| &nbsp;&nbsp; Series 2021-1A, Class A1A, 1.31%, 12/26/2069 <sup>(a)</sup> | 118985 | 99067 |
| &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | 78590 | 71604 |
| &nbsp;&nbsp; Series 2024-A, Class A, 5.66%, 10/15/2072 <sup>(a)</sup> | 893457 | 906912 |
| &nbsp;&nbsp; Series 2025-A, Class A, 5.02%, 07/15/2055 <sup>(a)</sup> | 200000 | 201604 |
|  OWN Tactical Equipment I LLC, Series 2025-1M, Class A, 5.48%, 09/26/2033 <sup>(a)</sup> | 300000 | 300925 |
| SMB Private Education Loan Trust | SMB Private Education Loan Trust | SMB Private Education Loan Trust |
| &nbsp;&nbsp; Series 2021-A, Class APT2, 1.07%, 01/15/2053 <sup>(a)</sup> | 89155 | 80405 |
| &nbsp;&nbsp; Series 2022-B, Class A1A, 3.94%, 02/16/2055 <sup>(a)</sup> | 666040 | 648321 |
| &nbsp;&nbsp; Series 2024-A, Class A1A, 5.24%, 03/15/2056 <sup>(a)</sup> | 639199 | 649896 |
| &nbsp;&nbsp; Series 2025-A, Class A1A, 5.13%, 04/15/2054 <sup>(a)</sup> | 592360 | 602782 |
| Toyota Auto Loan Extended Note Trust | Toyota Auto Loan Extended Note Trust | Toyota Auto Loan Extended Note Trust |
| &nbsp;&nbsp; Series 2023-1A, Class A, 4.93%, 06/25/2036 <sup>(a)</sup> | 250000 | 254538 |
| &nbsp;&nbsp; Series 2025-1A, Class A, 4.65%, 05/25/2038 <sup>(a)</sup> | 250000 | 252075 |
|  Verizon Master Trust, Series 2024-5, Class A, 5.00%, 06/21/2032 <sup>(a)</sup> | 250000 | 255376 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $8,313,393) | **TOTAL ASSET-BACKED SECURITIES** (Cost $8,313,393) | 8342024 |
| **COLLATERALIZED LOAN OBLIGATIONS - 1.9%** | **Par** | **Value** |
|  Aimco CDO, Series 2015-AA, Class AR3, 5.53% (3 mo. Term SOFR + 1.25%), 10/17/2034 <sup>(a)</sup> | 660000 | 661187 |
|  Buttermilk Park CLO, Series 2018-1A, Class A1R, 5.34% (3 mo. Term SOFR + 1.08%), 10/15/2031 <sup>(a)</sup> | 168555 | 168757 |
|  CarVal CLO, Series 2018-1A, Class AR, 5.49% (3 mo. Term SOFR + 1.23%), 07/16/2031 <sup>(a)</sup> | 803162 | 804366 |
|  Magnetite CLO Ltd., Series 2019-22A, Class ARR, 5.51% (3 mo. Term SOFR + 1.25%), 07/15/2036 <sup>(a)</sup> | 250000 | 250130 |
|  Neuberger Berman CLO Ltd., Series 2021-43A, Class BR, 5.73% (3 mo. Term SOFR + 1.45%), 07/17/2036 <sup>(a)</sup> | 250000 | 248651 |
|  Palmer Square CLO Ltd., Series 2015-1A, Class A1A5, 5.37% (3 mo. Term SOFR + 1.05%), 05/21/2034 <sup>(a)</sup> | 250000 | 249793 |
|  Palmer Square Loan Funding Ltd., Series 2021-4A, Class A2, 5.92% (3 mo. Term SOFR + 1.66%), 10/15/2029 <sup>(a)</sup> | 250000 | 250910 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $2,631,538) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $2,631,538) | 2633794 |
| **TOTAL INVESTMENTS - 98.7% (**Cost $139,268,413**)** | **TOTAL INVESTMENTS - 98.7% (**Cost $139,268,413**)** | 139541611 |
| Money Market Deposit Account - 0.2% <sup>(d)</sup> | Money Market Deposit Account - 0.2% <sup>(d)</sup> | 263997 |
| Other Assets in Excess of Liabilities - 1.1% | Other Assets in Excess of Liabilities - 1.1% | 1643053 |
| **TOTAL NET ASSETS - 100.0%** |  | $141448661 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |
| USISSO05- 5 Year US Dollar SOFR Swap Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $36,020,801 or 25.5% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of June 30, 2025.

(c) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of June 30, 2025.

(d) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of June 30, 2025 was 4.20%.

## Nport-Ex

#### Aristotle Funds Series Trust

#### NOTES TO SCHEDULE OF INVESTMENTS

#### As of June 30, 2025 (Unaudited)

Fair Value Measurements and Disclosure

The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Utilizing the valuation procedures, the Valuation Oversight Committee ("VOC") determines the level in which each investment is characterized. The VOC includes finance, operations, legal, risk and compliance members of the Trust's Adviser, and the Trust's Chief Legal Officer and Chief Compliance Officer. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that a Fund has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing a Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The VOC reviews the valuation procedure periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund's investments. The VOC also periodically evaluates how the Trust's investments are characterized within the three-tier hierarchy and the appropriateness of third-party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange traded prices, transaction prices, and/or observable vendor prices.

The inputs or methodologies used for characterizing each Fund's investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are modified to reflect the estimates of a change in value from the time of the closing valuation in the foreign market until the time of the NYSE close, in accordance with information provided by a foreign fair value service are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a summary of the inputs used, as of June 30, 2025, in valuing the Funds' assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $53714102 | $– | $53714102 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 39935202 | – | 39935202 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 20917999 | – | 20917999 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 13998490 | – | 13998490 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 8342024 | – | 8342024 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 2633794 | – | 2633794 |
| Total Investments | $– | $139541611 | $– | $139541611 |
| **Aristotle Core Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 544829714 | $– | $– | $544829714 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 5551737 | – | – | 5551737 |
| Total Investments | 550381451 | $– | $– | $550381451 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $1269211685 | $– | $1269211685 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 726043596 | – | 726043596 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 299188414 | – | 299188414 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 271484530 | – | 271484530 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 193913209 | – | 193913209 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 156688273 | – | 156688273 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 84507225 | – | 84507225 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 9313996 | – | 9313996 |
| Total Investments | $– | $3010350928 | $– | $3010350928 |
| **Aristotle Floating Rate Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $3497852471 | $– | $3497852471 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 167425415 | – | – | 167425415 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 165384876 | – | 165384876 |
| Total Investments | $167425415 | $3663237347 | $– | $3830662762 |
| **Aristotle Growth Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $212142753 | – | – | $212142753 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1265276 | – | – | 1265276 |
| Total Investments | $213408029 | – | – | $213408029 |
| **Aristotle High Yield Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $80394839 | $– | $80394839 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 7045686 | – | 7045686 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4040159 | – | 4040159 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 178316 | – | – | 178316 |
| Total Investments | $178316 | $91480684 | $– | $91659000 |
| **Aristotle International Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $561708646 | $– | $– | $561708646 |
| Total Investments | $561708646 | $– | $– | $561708646 |
| **Aristotle Pacific EXclusive Fund Series H** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $2774216 | $– | $2774216 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 457854 | – | 457854 |
| Total Investments | $– | $3232070 | $– | $3232070 |
| **Aristotle Pacific EXclusive Fund Series I** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | $– | $824373 | $– | $824373 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 737766 | – | 737766 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 500375 | – | 500375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 414611 | – | 414611 |
| Total Investments | $– | $2477125 | $– | $2477125 |
| **Aristotle Portfolio Optimization Aggressive Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $145615629 | $– | $– | 145615629 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 127904625 | – | – | 127904625 |
| Total Investments | $273520254 | $– | $– | 273520254 |
| **Aristotle Portfolio Optimization Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $99178843 | $– | $– | $99178843 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 25818383 | – | – | 25818383 |
| Total Investments | $124997226 | $– | $– | $124997226 |
| **Aristotle Portfolio Optimization Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $364060973 | $– | $– | $364060973 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 271237893 | – | – | 271237893 |
| Total Investments | $635298866 | $– | $– | $635298866 |
| **Aristotle Portfolio Optimization Moderate Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $147202226 | $– | $– | $147202226 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 43898018 | – | – | 43898018 |
| Total Investments | $191100244 | $– | $– | $191100244 |
| **Aristotle Portfolio Optimization Moderate Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $480698395 | $– | $– | $480698395 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 198224935 | – | – | 198224935 |
| Total Investments | $678923330 | $– | $– | $678923330 |
| **Aristotle Short Duration Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $529441375 | $– | $529441375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 143994219 | – | 143994219 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 125347165 | – | 125347165 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 94915269 | – | 94915269 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 69184419 | – | 69184419 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 18507992 | – | 18507992 |
| Total Investments | $– | $981390439 | $– | $981390439 |
| **Aristotle Small Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $129382988 | $– | $– | $129382988 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 8259445 | – | – | 8259445 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 1423768 | – | – | 1423768 |
| Total Investments | $139066201 | $– | $– | $139066201 |
| **Aristotle Small/Mid Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $27574369 | $– | $– | $27574369 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1497941 | – | – | 1497941 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 261500 | – | – | 261500 |
| Total Investments | $29333810 | $– | $– | $29333810 |
| **Aristotle Strategic Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $2760621789 | $– | $2760621789 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 632347698 | – | 632347698 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 170596162 | – | 170596162 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 151360994 | – | 151360994 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 61980236 | – | 61980236 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 19625241 | – | 19625241 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 1352386 | – | 1352386 |
| Total Investments | $– | $3797884506 | $– | $3797884506 |
| **Aristotle Ultra Short Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $17744980 | $– | $17744980 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4499989 | – | 4499989 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 4258410 | – | 4258410 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 757060 | – | 757060 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 1499651 | – | 1499651 |
| Total Investments | $– | $28760090 | $– | $28760090 |
| **Aristotle Value Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $539792391 | – | – | $539792391 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 7751919 | – | – | 7751919 |
| Total Investments | $547544310 | – | – | $547544310 |
| **Aristotle/Saul Global Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $29720192 | $– | $– | $29720192 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 572169 | – | – | 572169 |
| Total Investments | $30292361 | $– | $– | $30292361 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aristotle Fund Series Trust

- **b. Investment Company Act file number:** 811-23850

- **c. CIK number of Registrant:** 0001959372

- **d. LEI of Registrant:** 549300FDPZVU0VTJQB52

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

  - **Street Address 1:** 11000 Santa Monica Blvd

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90025

  - **Telephone number:** 3104784005

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

- **a. Name of Series:** Aristotle Core Bond Fund

- **b. EDGAR series identifier (if any):** S000080073

- **c. LEI of Series:** 549300FRIPQGRHTMPJ36

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $141723380.12

**Total Liabilities:** $662562.06

**Net Assets:** $141060818.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 813.499619000000 | **1-Year:** 3573.170136000000 | **5-Year:** 16018.713162000000 | **10-Year:** 41360.262754000000 | **30-Year:** 24808.578120000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 202.789727000000 | **5-Year:** 499.288776000000 | **10-Year:** 12.609524000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241714 | 0.32%                | -0.55%               | 1.65%                |
| Class ID C000241715 | 0.32%                | -0.79%               | 1.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-77466.52               | $103793.60                                 |
| Month 2  | $-774008.29              | $-588047.67                                |
| Month 3  | $-62986.57               | $1831783.94                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5GN3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    347106 | PA      | $341278.33    | 0.24%             | 2055-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JBS USA SARL/FOOD/GRP          | JBS USA LUX Sarl / JBS USA Food Co / JBS USA Foods Group                        | CUSIP: 472140AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $622188.00    | 0.44%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 47214BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    100000 | PA      | $109229.00    | 0.08%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP           | Kite Realty Group LP                                                            | CUSIP: 49803XAG8<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100923.52    | 0.07%             | 2032-08-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1554954.48   | 1.10%             | 2036-04-17      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                    | PRKCM 2025-HOME1                                                                | CUSIP: 69382FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    244218 | PA      | $245401.63    | 0.17%             | 2060-02-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd          | Palmer Square CLO 2015-1 Ltd                                                    | CUSIP: 69689ABU3<br>LEI: 5493006ZPBFJJGSXB826 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249793.25    | 0.18%             | 2034-05-21      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2021-A                                         | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89155 | PA      | $80405.24     | 0.06%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2024-A                                         | CUSIP: 831943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    639199 | PA      | $649895.60    | 0.46%             | 2056-03-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2022-B                                         | CUSIP: 83206NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    666040 | PA      | $648321.48    | 0.46%             | 2055-02-16      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER        | Southwestern Electric Power Co                                                  | CUSIP: 845437BU5<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504947.52    | 0.36%             | 2033-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note | Toyota Auto Loan Extended Note Trust 2023-1                                     | CUSIP: 89231WAA1<br>LEI: 5493000KI9FC40RVHF71 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $254538.43    | 0.18%             | 2036-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    350000 | PA      | $369342.05    | 0.26%             | 2031-04-12      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $192587.89    | 0.14%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $120195.31    | 0.09%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $305566.41    | 0.22%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3885000 | PA      | $3783018.75   | 2.68%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $296964.84    | 0.21%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP INC                 | Weir Group Inc                                                                  | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405735.29    | 0.29%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                   | AES Corp/The                                                                    | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    700000 | PA      | $711079.67    | 0.50%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                       | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    650000 | PA      | $624177.79    | 0.44%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health Inc                                                             | CUSIP: 036752BA0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    200000 | PA      | $192398.87    | 0.14%             | 2054-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                              | CUSIP: 22535WAN7<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $414845.86    | 0.29%             | 2036-01-09      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    650000 | PA      | $662410.78    | 0.47%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                         | CUSIP: 056121AA4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $254646.22    | 0.18%             | 2031-05-28      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO            | Consumers Energy Co                                                             | CUSIP: 210518DZ6<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151123.15    | 0.11%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD         | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BW1<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $614403.49    | 0.44%             | 2055-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280ES4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1005886.80   | 0.71%             | 2036-03-03      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248807.51    | 0.18%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                 | OWN Equipment Fund II LLC                                                       | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300924.96    | 0.21%             | 2033-09-26      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                | BAE Systems PLC                                                                 | CUSIP: 05523RAL1<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $511403.57    | 0.36%             | 2034-03-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    300000 | PA      | $274616.08    | 0.19%             | 2037-03-08      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508315.18    | 0.36%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA            | Bank of Nova Scotia/The                                                         | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $403954.80    | 0.29%             | 2085-04-27      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM4                                       | CUSIP: 10570QAE1<br>LEI: 25490082TY9NA9XBGW19 | Long             | ABS-MBS          | CORP              | US        |    196091 | PA      | $197591.94    | 0.14%             | 2065-02-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2024-NQM5                                       | CUSIP: 105925AA9<br>LEI: 254900RBHU9OC1RNXD92 | Long             | ABS-MBS          | CORP              | US        |    176612 | PA      | $177481.89    | 0.13%             | 2064-06-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | Bravo Residential Funding Trust 2025-Nqm3                                       | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |    289580 | PA      | $291595.31    | 0.21%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART         | Brixmor Operating Partnership LP                                                | CUSIP: 11120BAA5<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |    450000 | PA      | $462665.39    | 0.33%             | 2035-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC              | CBRE Services Inc                                                               | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301065.86    | 0.21%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                     | Intel Corp                                                                      | CUSIP: 458140CJ7<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139699.14    | 0.10%             | 2053-02-10      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    150000 | PA      | $131413.07    | 0.09%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-NQM1                                       | CUSIP: 46593QAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191267 | PA      | $192104.86    | 0.14%             | 2065-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2280815.13   | 1.62%             | 2036-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC           | Kyndryl Holdings Inc                                                            | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    300000 | PA      | $271070.75    | 0.19%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFRA 2024-NQM3 Trust                                                            | CUSIP: 55287GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    888751 | PA      | $894804.87    | 0.63%             | 2069-12-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012480.41   | 0.72%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE          | Nippon Life Insurance Co                                                        | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $207187.20    | 0.15%             | 2055-04-30      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2021-4 Ltd                                           | CUSIP: 69702HAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250910.25    | 0.18%             | 2029-10-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-4                                                 | CUSIP: 034935AA4<br>LEI: 254900VBIBOATGC48K85 | Long             | ABS-MBS          | CORP              | US        |    289095 | PA      | $291529.90    | 0.21%             | 2070-04-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-6                                                 | CUSIP: 034937AA0<br>LEI: 254900GRN1I3WMM1H095 | Long             | ABS-MBS          | CORP              | US        |    646705 | PA      | $648900.69    | 0.46%             | 2070-04-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR       | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBU1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508871.98    | 0.36%             | 2039-01-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $201700.00    | 0.14%             | 2035-06-27      | Variable      | 7.45%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS         | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico       | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $411720.00    | 0.29%             | 2035-02-11      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC        | AEP Transmission Co LLC                                                         | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    750000 | PA      | $766663.12    | 0.54%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust  | CHI Commercial Mortgage Trust 2025-SFT                                          | CUSIP: 16706GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $101995.87    | 0.07%             | 2042-04-15      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands Inc                                                        | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302574.09    | 0.21%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5JB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    312971 | PA      | $299804.41    | 0.21%             | 2055-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50235.74     | 0.04%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VBB5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998295.44    | 0.71%             | 2035-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                  | CUSIP: 548661EF0<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    250000 | PA      | $194205.19    | 0.14%             | 2062-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXII Ltd                                                              | CUSIP: 55954HAW2<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250129.83    | 0.18%             | 2036-07-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2023-3 Mortgage Loan Trust                                                 | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |    334987 | PA      | $340189.24    | 0.24%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                    | CUSIP: 20030NEQ0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    350000 | PA      | $357632.76    | 0.25%             | 2055-05-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    650000 | PA      | $662373.10    | 0.47%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150636.46    | 0.11%             | 2035-12-03      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5C49<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    271274 | PA      | $259862.06    | 0.18%             | 2054-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5JD2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    248333 | PA      | $248888.20    | 0.18%             | 2055-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1538818.91   | 1.09%             | 2036-01-28      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    350000 | PA      | $358901.04    | 0.25%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251736.94    | 0.18%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257603.58    | 0.18%             | 2036-01-24      | Variable      | 5.50%                 | 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        |     78590 | PA      | $71603.96     | 0.05%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust   | Navient Education Loan Trust 2025-A                                             | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201603.49    | 0.14%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                | Nevada Power Co                                                                 | CUSIP: 641423CF3<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497977.76    | 0.35%             | 2053-05-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM4 Trust                                                             | CUSIP: 67120QAA4<br>LEI: 254900IAVXYLOCPK6W54 | Long             | ABS-MBS          | CORP              | US        |    238709 | PA      | $238977.42    | 0.17%             | 2055-02-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM3 Trust                                                             | CUSIP: 67448YAC8<br>LEI: 254900MBGY6CR10DAX67 | Long             | ABS-MBS          | CORP              | US        |    334881 | PA      | $336940.87    | 0.24%             | 2064-12-01      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    750000 | PA      | $838719.65    | 0.59%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC         | Roper Technologies Inc                                                          | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493319.60    | 0.35%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP       | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MCN8<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $281803.88    | 0.20%             | 2029-01-14      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $672171.10    | 0.48%             | 2030-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1290759.85   | 0.92%             | 2036-04-23      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM       | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAE8<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253758.37    | 0.18%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD             | Athene Holding Ltd                                                              | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309398.63    | 0.22%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | FHF Issuer Trust 2024-2                                                         | CUSIP: 30336NAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $305165.43    | 0.22%             | 2030-06-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                | CUSIP: 3132DWL43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1192044 | PA      | $1212675.27   | 0.86%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                | CUSIP: 3132DWPR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1489253 | PA      | $1460639.84   | 1.04%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418FHV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1076605 | PA      | $1001793.88   | 0.71%             | 2055-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv Inc                                                                      | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240899.88    | 0.17%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2025-NQM1 Trust                                                            | CUSIP: 36171GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    475611 | PA      | $476653.22    | 0.34%             | 2069-11-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 36179WQB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1017451 | PA      | $901618.16    | 0.64%             | 2051-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196848.79    | 0.14%             | 2029-04-23      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                    | MetLife Inc                                                                     | CUSIP: 59156RCQ9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205735.40    | 0.15%             | 2055-03-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2019-B                                               | CUSIP: 63941LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    193756 | PA      | $187457.67    | 0.13%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| NVENT FINANCE SARL             | nVent Finance Sarl                                                              | CUSIP: 67078AAE3<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |    250000 | PA      | $217599.85    | 0.15%             | 2031-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM6 Trust                                                             | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |    271073 | PA      | $272350.92    | 0.19%             | 2065-03-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| PEACHTREE FUND TRUST II        | Peachtree Corners Funding Trust II                                              | CUSIP: 70470BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $205076.98    | 0.15%             | 2035-05-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note | Toyota Auto Loan Extended Note Trust 2025-1                                     | CUSIP: 891950AA5<br>LEI: 254900QVX5SBHB37FT67 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252074.90    | 0.18%             | 2038-05-25      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $281015.63    | 0.20%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    125000 | PA      | $122084.96    | 0.09%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust Series 2024-5                                              | CUSIP: 92348KDB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $255376.00    | 0.18%             | 2032-06-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2024-REV1                                          | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $203716.30    | 0.14%             | 2036-08-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Seasoned Credit Risk Transfer Trust Series 2025-1                               | CUSIP: 35563PYZ6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    196473 | PA      | $170565.62    | 0.12%             | 2064-11-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP LP           | Kite Realty Group LP                                                            | CUSIP: 49803XAF0<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |    400000 | PA      | $401660.96    | 0.28%             | 2031-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303636.37    | 0.22%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER        | Laboratory Corp of America Holdings                                             | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    400000 | PA      | $391224.08    | 0.28%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                | MVW 2022-1 LLC                                                                  | CUSIP: 55400UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    810798 | PA      | $800275.95    | 0.57%             | 2039-11-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $524035.06    | 0.37%             | 2035-04-19      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W3A0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $416364.08    | 0.30%             | 2033-01-13      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                | CUSIP: 3132DWJL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    214334 | PA      | $214684.31    | 0.15%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418FJK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    492010 | PA      | $443295.90    | 0.31%             | 2055-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2019-1                   | CUSIP: 35563PJF7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    897077 | PA      | $863257.18    | 0.61%             | 2058-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2023-NQM4                                       | CUSIP: 10569YAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     72541 | PA      | $72943.82     | 0.05%             | 2063-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| BROADSTONE NET LEASE LLC       | Broadstone Net Lease LLC                                                        | CUSIP: 11135EAA2<br>LEI: 54930089IBT6J4WBTI50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $170113.83    | 0.12%             | 2031-09-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    944783 | PA      | $960708.89    | 0.68%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418EV98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    969996 | PA      | $987738.60    | 0.70%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418FEC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1441077 | PA      | $1413505.26   | 1.00%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418FJQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    246825 | PA      | $229673.65    | 0.16%             | 2055-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198679.07    | 0.14%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receiva | GM Financial Revolving Receivables Trust 2023-2                                 | CUSIP: 36268DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $104619.12    | 0.07%             | 2036-08-11      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| HIGH STREET FD TRUST III       | High Street Funding Trust III                                                   | CUSIP: 42981FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $485640.60    | 0.34%             | 2055-02-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280ED7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $308992.27    | 0.22%             | 2030-03-04      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-NQM2                                       | CUSIP: 46590SAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    245697 | PA      | $246764.20    | 0.17%             | 2065-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 43 Ltd                                       | CUSIP: 64134AAL6<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248651.25    | 0.18%             | 2036-07-17      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE       | Northwestern Mutual Life Insurance Co/The                                       | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    400000 | PA      | $418041.16    | 0.30%             | 2055-05-29      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XCV5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $182305.92    | 0.13%             | 2064-09-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA         | Skandinaviska Enskilda Banken AB                                                | CUSIP: 830505BB8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    300000 | PA      | $309107.30    | 0.22%             | 2029-03-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP           | Targa Resources Corp                                                            | CUSIP: 87612GAF8<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    400000 | PA      | $430047.03    | 0.30%             | 2034-03-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES          | Keysight Technologies Inc                                                       | CUSIP: 49338LAF0<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235281.42    | 0.17%             | 2029-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LENNAR CORP                    | Lennar Corp                                                                     | CUSIP: 526057CY8<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1223059.03   | 0.87%             | 2030-07-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                | DTE Electric Co                                                                 | CUSIP: 23338VAY2<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254677.97    | 0.18%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                | CUSIP: 3132DWNM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1206888 | PA      | $1227313.41   | 0.87%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418ESR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1116111 | PA      | $1039985.30   | 0.74%             | 2053-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FERGUSON FINANCE PLC           | Ferguson Finance PLC                                                            | CUSIP: 314890AB0<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $188485.63    | 0.13%             | 2030-06-02      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 36179WR34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1060989 | PA      | $939543.10    | 0.67%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5ET2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    311416 | PA      | $298314.58    | 0.21%             | 2055-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5KT5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1245749 | PA      | $1159156.91   | 0.82%             | 2055-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2025-2                                        | CUSIP: 37989BAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $809606.32    | 0.57%             | 2029-10-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| IDEX CORP                      | IDEX Corp                                                                       | CUSIP: 45167RAJ3<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203348.17    | 0.14%             | 2029-09-01      | Fixed         | 4.95%                 | 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        |    118985 | PA      | $99067.30     | 0.07%             | 2069-12-26      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM7 Trust                                                             | CUSIP: 67121DAA2<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |    290106 | PA      | $292189.56    | 0.21%             | 2055-05-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM10 Trust                                                            | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |    497085 | PA      | $499653.08    | 0.35%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM1 Trust                                                             | CUSIP: 673914AC1<br>LEI: 2549007E8KF1RJ2ZV866 | Long             | ABS-MBS          | CORP              | US        |    918968 | PA      | $922891.44    | 0.65%             | 2064-12-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                    | Paychex Inc                                                                     | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51706.90     | 0.04%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $144208.99    | 0.10%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    125000 | PA      | $83027.34     | 0.06%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                      | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    600000 | PA      | $463064.55    | 0.33%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                  | CUSIP: 927804GS7<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387748.45    | 0.27%             | 2054-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE         | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AT7<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    450000 | PA      | $456726.17    | 0.32%             | 2035-05-29      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP           | Westpac Banking Corp                                                            | CUSIP: 961214FW8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $503556.80    | 0.36%             | 2035-11-20      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC         | Williams Cos Inc/The                                                            | CUSIP: 969457CS7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150234.55    | 0.11%             | 2035-09-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                    | Truist Bank                                                                     | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247215.03    | 0.18%             | 2029-09-17      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $151170.00    | 0.11%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $145188.42    | 0.10%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2022-3                                      | CUSIP: 30166YAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $304597.65    | 0.22%             | 2028-09-15      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418E5B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    529105 | PA      | $492466.50    | 0.35%             | 2054-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418FEB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1068550 | PA      | $1023020.14   | 0.73%             | 2054-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2023-NQM7 Trust                                                             | CUSIP: 67117XAA4<br>LEI: 254900K7TTKPUWNMSZ83 | Long             | ABS-MBS          | CORP              | US        |    944073 | PA      | $956694.01    | 0.68%             | 2063-04-25      | Variable      | 6.84%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                     | PacifiCorp                                                                      | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52103.02     | 0.04%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC          | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $203606.28    | 0.14%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    100000 | PA      | $100673.41    | 0.07%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2025-A                                         | CUSIP: 83207EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    592360 | PA      | $602781.54    | 0.43%             | 2054-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $98285.63     | 0.07%             | 2029-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC               | Welltower OP LLC                                                                | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100428.70    | 0.07%             | 2035-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Aimco                          | AIMCO CLO Series 2015-A                                                         | CUSIP: 00900LAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    660000 | PA      | $661186.68    | 0.47%             | 2034-10-17      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2024-1                                 | CUSIP: 023947AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89782 | PA      | $89937.69     | 0.06%             | 2028-02-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-3                                                 | CUSIP: 03466RAA9<br>LEI: 254900U85BAJNPG0MG65 | Long             | ABS-MBS          | CORP              | US        |    142985 | PA      | $143045.25    | 0.10%             | 2070-03-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155769.93    | 0.11%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                | Fair Isaac Corp                                                                 | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    385000 | PA      | $389491.33    | 0.28%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5C56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    305234 | PA      | $300110.21    | 0.21%             | 2054-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $241193.23    | 0.17%             | 2027-12-15      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                  | J M Smucker Co/The                                                              | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    250000 | PA      | $268454.94    | 0.19%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SCRT             | Freddie Mac Seasoned Credit Risk Transfer Trust Series 2021-3                   | CUSIP: 35563P4U0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    223912 | PA      | $194761.78    | 0.14%             | 2061-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2020-2                                               | CUSIP: 63942HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96169 | PA      | $84377.97     | 0.06%             | 2069-08-26      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                                        | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    750000 | PA      | $764331.67    | 0.54%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL         | American International Group Inc                                                | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |    420000 | PA      | $430915.21    | 0.31%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                                      | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50498.09     | 0.04%             | 2030-04-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $434873.30    | 0.31%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Buttermilk Park CLO Ltd        | Buttermilk Park CLO Ltd                                                         | CUSIP: 124166AQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    168555 | PA      | $168756.49    | 0.12%             | 2031-10-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | Consumer Portfolio Services Auto Trust 2025-B                                   | CUSIP: 12630SAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500966.20    | 0.36%             | 2029-11-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2025-3 Mortgage Loan Trust                                                 | CUSIP: 12674LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120484 | PA      | $120802.69    | 0.09%             | 2070-03-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                      | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407400.17    | 0.29%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $101633.55    | 0.07%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EQUINIX EU 2 FINANCING C       | Equinix Europe 2 Financing Corp LLC                                             | CUSIP: 29390XAA2<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              | CORP              | US        |    230000 | PA      | $235666.46    | 0.17%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4500000 | PA      | $4507382.79   | 3.20%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP               | Ventas Realty LP                                                                | CUSIP: 92277GBA4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491748.47    | 0.35%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                   | NiSource Inc                                                                    | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508646.93    | 0.36%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2024-NQM11 Trust                                                            | CUSIP: 67119EAA4<br>LEI: 254900F5LT8CA1U6PK21 | Long             | ABS-MBS          | CORP              | US        |    175594 | PA      | $176668.56    | 0.13%             | 2064-06-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY        | Phillips Edison Grocery Center Operating Partnership I LP                       | CUSIP: 71845JAC2<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387591.02    | 0.27%             | 2035-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                 | Rocket Cos Inc                                                                  | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $178439.63    | 0.13%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                                            | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $471245.55    | 0.33%             | 2084-11-24      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253228.85    | 0.18%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 902613BJ6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $205448.34    | 0.15%             | 2030-02-08      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $248632.81    | 0.18%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP         | Extra Space Storage LP                                                          | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304861.31    | 0.22%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 3140QVLH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    664709 | PA      | $677324.03    | 0.48%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae Pool                                                                 | CUSIP: 31418FKM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1489780 | PA      | $1461040.65   | 1.04%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRST INDUSTRIAL LP            | First Industrial LP                                                             | CUSIP: 32055RAS6<br>LEI: 86MKNB3IKYZZT3E3OV11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506078.73    | 0.36%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO 2024-NQM6                                                                 | CUSIP: 05613JAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    755201 | PA      | $756426.65    | 0.54%             | 2064-08-01      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                                               | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306035.42    | 0.22%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    150000 | PA      | $83507.81     | 0.06%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $352031.25    | 0.25%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $190710.94    | 0.14%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18810000 | PA      | $19412507.81  | 13.76%            | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3750000 | PA      | $3786914.06   | 2.68%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                      | CUSIP: 92343VGW8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96716.30     | 0.07%             | 2054-02-23      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5EV7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    345463 | PA      | $346288.27    | 0.25%             | 2055-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities  | GS Mortgage-Backed Securities Trust 2025-NQM2                                   | CUSIP: 36272EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $351588.02    | 0.25%             | 2065-06-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                     | HEICO Corp                                                                      | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512031.60    | 0.36%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                        | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    450000 | PA      | $304824.02    | 0.22%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AGREE LP                       | Agree LP                                                                        | CUSIP: 008513AF0<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203658.24    | 0.14%             | 2035-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO        | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250262.71    | 0.18%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND           | Atlas Warehouse Lending Co LP                                                   | CUSIP: 049463AE2<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303308.24    | 0.22%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE       | Banco Mercantil del Norte SA/Grand Cayman                                       | CUSIP: 05971PAC2<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $518897.00    | 0.37%             | 2030-10-14      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1080024.97   | 0.77%             | 2036-01-24      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $255648.86    | 0.18%             | 2036-02-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 3618N5JA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    347055 | PA      | $322931.20    | 0.23%             | 2055-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2025-NQM2 Trust                                                             | CUSIP: 55287MAA7<br>LEI: 254900SDE8K3K1E63161 | Long             | ABS-MBS          | CORP              | US        |    640245 | PA      | $644050.67    | 0.46%             | 2070-05-27      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN       | Northern States Power Co/MN                                                     | CUSIP: 665772CZ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    500000 | PA      | $505217.88    | 0.36%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE       | Northwestern Mutual Life Insurance Co/The                                       | CUSIP: 668138AA8<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    400000 | PA      | $306337.51    | 0.22%             | 2047-09-30      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac Pool                                                                | CUSIP: 3132DWPG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    294475 | PA      | $288771.86    | 0.20%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Ginnie Mae II Pool                                                              | CUSIP: 36179Y5H3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1464707 | PA      | $1365566.37   | 0.97%             | 2054-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $352357.80    | 0.25%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO I Ltd                                                                | CUSIP: 146865AJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    803162 | PA      | $804366.48    | 0.57%             | 2031-07-16      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    800000 | PA      | $809336.95    | 0.57%             | 2031-05-07      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust           | Cross 2025-H4 Mortgage Trust                                                    | CUSIP: 22790AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    639124 | PA      | $644115.45    | 0.46%             | 2070-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $296670.57    | 0.21%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC        | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    450000 | PA      | $436653.32    | 0.31%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2024-1 Mortgage Loan Trust                                                 | CUSIP: 19688TAA3<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |    838539 | PA      | $842467.89    | 0.60%             | 2069-02-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                                                   | CUSIP: 233331BL0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156993.81    | 0.11%             | 2034-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DIAGEO INVESTMENT CORP         | Diageo Investment Corp                                                          | CUSIP: 25245BAE7<br>LEI: S4G8DPIPDVCF6CB81Z61 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523071.45    | 0.37%             | 2035-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust           | Lhome Mortgage Trust 2025-Rtl2                                                  | CUSIP: 50206RAA5<br>LEI: 529900COAFD3IY51O355 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $502455.20    | 0.36%             | 2040-04-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| MASS MUTUAL LIFE INS CO        | Massachusetts Mutual Life Insurance Co                                          | CUSIP: 575767AT5<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    400000 | PA      | $389112.58    | 0.28%             | 2052-12-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2024-A                                | CUSIP: 63943CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    893457 | PA      | $906912.01    | 0.64%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |    383902 | NS      | $383902.18    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6800000 | PA      | $6828156.22   | 4.84%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                                   | CUSIP: 913903BB5<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494522.02    | 0.35%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen Inc                                                                       | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    100000 | PA      | $77076.98     | 0.05%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2025-7                                                 | CUSIP: 03466TAA5<br>LEI: 254900QTRHHMG5RQ9X60 | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $401942.24    | 0.28%             | 2070-06-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Bank of America Auto Trust     | BofA Auto Trust 2025-1                                                          | CUSIP: 05594BAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $451648.67    | 0.32%             | 2031-11-20      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                              | CUSIP: 05964HBK0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $421603.38    | 0.30%             | 2035-01-17      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO         | Allegion US Holding Co Inc                                                      | CUSIP: 01748NAE4<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196148.93    | 0.14%             | 2027-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY        | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCU6<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387645.46    | 0.27%             | 2054-06-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trus | BRAVO Residential Funding Trust 2025-NQM5                                       | CUSIP: 10569RAC6<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-MBS          | CORP              | US        |    486869 | PA      | $488688.33    | 0.35%             | 2065-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Aristotle Fund Series Trust

**Signature:** /s/ Josh Schwab

**Name of Signer:** Aristotle Fund Series Trust

**Title:** Treasurer