# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000940400-26-022783
**Filing Date:** 2026-6
**Character Count:** 352819
**Document Hash:** 6756c27bf289741e1d2b2dd2dcfc0b58
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022783.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022783

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 261048439

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 800-243-1574

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX SENECA FUNDS
- **DATE OF NAME CHANGE:** 19990122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SENECA FUNDS
- **DATE OF NAME CHANGE:** 19951218

## Series and Classes Contracts Data

### Virtus Newfleet Core Plus Bond Fund (Series ID: S000001336)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000003572 | CLASS A      | SAVAX           |
| C000003574 | CLASS C      | SAVCX           |
| C000003575 | CLASS I      | SAVYX           |
| C000176707 | Class R6     | VBFRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Opportunities Trust

- **b. Investment Company Act file number:** 811-07455

- **c. CIK number of Registrant:** 0001005020

- **d. LEI of Registrant:** 549300O4C4QVD88M4N75

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

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

- **a. Name of Series:** Virtus Newfleet Core Plus Bond Fund

- **b. EDGAR series identifier (if any):** S000001336

- **c. LEI of Series:** 549300U1U6DG3SZD7A72

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

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

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $631390367.94

**Total Liabilities:** $6617634.58

**Net Assets:** $624772733.36

**Delayed Delivery Securities:** $115000.00

**Cash Not Reported:** $4453139.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -8439.93342500 | **10-Year:** -72058.95951000 | **30-Year:** -138608.89960000

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

- **3-Month:** -0.17755175 | **1-Year:** 0.00000000 | **5-Year:** -6431.82807500 | **10-Year:** -13573.01620000 | **30-Year:** -7860.96600700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000003572 | 0.29%                | 1.44%                | -1.78%               |
| Class ID C000176707 | 0.32%                | 1.45%                | -1.81%               |
| Class ID C000003575 | 0.31%                | 1.44%                | -1.82%               |
| Class ID C000003574 | 0.32%                | 1.31%                | -1.89%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $265938.54               | $-781991.62                                |
| Month 2  | $182937.49               | $5627280.68                                |
| Month 3  | $-33773.78               | $-13200601.08                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Formula One Management Limited                                                                   | DELTA 2 LUX SARL                                                            | CUSIP: 000000000<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | US        |    405000 | PA      | $403785.00    | 0.06%             | 2031-09-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2024-NQM1                                                               | JPMMT 2024-NQM1 A3                                                          | CUSIP: 465983AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395557 | PA      | $396685.53    | 0.06%             | 2064-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 5.6 04/01/34                                                            | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    205000 | PA      | $209354.75    | 0.03%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                                        | ELSALV 8.625 02/28/29 144A                                                  | CUSIP: 283875BW1<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    175000 | PA      | $182612.50    | 0.03%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 6.95 01/28/60                                                         | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     25000 | PA      | $19652.50     | 0.00%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 909220                                                                   | CUSIP: 31411JDZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47778 | PA      | $50381.59     | 0.01%             | 2038-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Costar Group Inc                                                                                 | CSGP 2.8 07/15/30 144A                                                      | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1130361.41   | 0.18%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| MSSG Trust 2017-237P                                                                             | MSSG 2017-237P A                                                            | CUSIP: 55375KAS5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1427000 | PA      | $1363398.18   | 0.22%             | 2039-09-13      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                                      | Caesars Entertainment Inc Term Loan B 225 2030-02-01                        | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    339577 | PA      | $329389.61    | 0.05%             | 2030-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | U.S. Treasury Bond Futures, Jun-2026,ETH                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       127 | NC      | $-476759.27   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.25 04/21/34 MTN                                                       | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1289012.46   | 0.21%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS7751                                                                   | CUSIP: 3140XPTH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5024268 | PA      | $4751127.39   | 0.76%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2019-OC11 A                                                              | CUSIP: 05606FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    875000 | PA      | $826115.94    | 0.13%             | 2041-12-11      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                                     | THC 5.5 11/15/32 144A                                                       | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    360000 | PA      | $356679.61    | 0.06%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                          | KEY V4.789 06/01/33 MTN                                                     | CUSIP: 49326EEN9<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    515000 | PA      | $503261.59    | 0.08%             | 2033-06-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Coty Inc / Hfc Prestige Prods Inc / Hfc Pretige Intl U S LLC                                     | COTY 6.625 07/15/30 144A                                                    | CUSIP: 22207AAA0<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |    490000 | PA      | $485935.79    | 0.08%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NQM2 TRUST                                                                              | MFRA 2024-NQM2 A1                                                           | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-O            | CORP              | US        |   1330726 | PA      | $1329617.62   | 0.21%             | 2069-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2024-2                                                                  | FFIN 2024-2A A                                                              | CUSIP: 35040VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    548319 | PA      | $545865.89    | 0.09%             | 2050-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Entergy Mississippi LLC                                                                          | ETR 5.05 04/15/36                                                           | CUSIP: 29366WAH9<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |    445000 | PA      | $438488.07    | 0.07%             | 2036-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CHS/Community Health Systems Inc                                                                 | CYH 5.25 05/15/30 144A                                                      | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    930000 | PA      | $876508.58    | 0.14%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8317                                                                   | CUSIP: 3132DWG23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    277321 | PA      | $284438.77    | 0.05%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 2.375 02/15/42                                                            | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    720000 | PA      | $524671.88    | 0.08%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL0298                                                                   | CUSIP: 31427MKL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4608686 | PA      | $4552736.21   | 0.73%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VERIDIAN AUTO RECEIVABLES TRUST 2023-1                                                           | VCU 2023-1A A4                                                              | CUSIP: 92347BAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    315000 | PA      | $317247.40    | 0.05%             | 2028-12-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                                                                    | TransDigm Term Loan K 225 2030-03-01                                        | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    159200 | PA      | $159157.02    | 0.03%             | 2030-03-22      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CENT TRUST 2025-CITY                                                                             | CENT 2025-CITY A                                                            | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1315000 | PA      | $1324430.39   | 0.21%             | 2040-07-12      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| POWERPAY ISSUANCE TRUST 2024-1                                                                   | PWRP 2024-1A A                                                              | CUSIP: 73934RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    282305 | PA      | $287743.60    | 0.05%             | 2039-02-18      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS4438                                                                   | CUSIP: 3140XK4Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116306 | PA      | $115269.75    | 0.02%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                          | BAH 5.95 08/04/33                                                           | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    555000 | PA      | $566383.06    | 0.09%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Frontdoor Inc                                                                                    | frontdoor Term Loan B 225 2031-12-04                                        | CUSIP: 35905CAK1<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | LON              | CORP              | US        |    241938 | PA      | $242089.92    | 0.04%             | 2031-12-17      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                                       | PRU V6.75 03/01/53                                                          | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191439.85    | 0.03%             | 2053-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2023-CES1                                                                    | RCKT 2023-CES1 A1A                                                          | CUSIP: 74935WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    277511 | PA      | $277344.79    | 0.04%             | 2043-06-25      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                                        | NIPLIF V6.5 04/30/55 144a                                                   | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    380000 | PA      | $391808.88    | 0.06%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                            | QUIKHO 6.375 03/01/32 144A                                                  | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121680.36    | 0.02%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Capital Power (US Holdings) Inc                                                                  | CPXCN 6.189 06/01/35 144A                                                   | CUSIP: 14041TAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1136586.18   | 0.18%             | 2035-06-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2015-2                                                       | NRZT 2015-2A A1                                                             | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    629294 | PA      | $611199.11    | 0.10%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ESAB Corp.                                                                                       | ESAB 5.625 04/01/31 144A                                                    | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95665.95     | 0.02%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                                      | IMBLN 5.875 07/01/34 144A                                                   | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    870000 | PA      | $894822.14    | 0.14%             | 2034-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2019-GS2                                                           | MCMLT 2019-GS2 A1                                                           | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    975978 | PA      | $951335.38    | 0.15%             | 2059-08-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| LSEG US Finance Corp                                                                             | LSELN 5.25 03/23/36 144A                                                    | CUSIP: 50222CAF7<br>LEI: 2138007FV67QQ13CGJ43 | Long             | DBT              | CORP              | US        |    810000 | PA      | $802045.60    | 0.13%             | 2036-03-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                             | AHTLN 5.8 04/15/34 144A                                                     | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    530000 | PA      | $540330.25    | 0.09%             | 2034-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2024-1                                              | ARIVO 2024-1A B                                                             | CUSIP: 039943AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    704000 | PA      | $715688.37    | 0.11%             | 2030-06-17      | Fixed         | 6.87%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                             | POLAND 5.125 09/18/34 10Y                                                   | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    164000 | PA      | $164328.00    | 0.03%             | 2034-09-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                                               | F 4.75 01/15/43                                                             | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    110000 | PA      | $83091.34     | 0.01%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2021-N3                                                           | CRVNA 2021-N3 D                                                             | CUSIP: 14687GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22934 | PA      | $22393.96     | 0.00%             | 2028-06-12      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                        | IVYCST 8.075 04/01/36 144A                                                  | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    112000 | PA      | $113801.76    | 0.02%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| KeySpan Gas East Corporation                                                                     | NGGLN 5.994 03/06/33 144A                                                   | CUSIP: 49338CAD5<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |    695000 | PA      | $725639.44    | 0.12%             | 2033-03-06      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                                    | VLTO 5.45 09/18/33                                                          | CUSIP: 92338CAF0<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1133510.63   | 0.18%             | 2033-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Dentsply Sirona Inc                                                                              | XRAY 3.25 06/01/30                                                          | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1413737.69   | 0.23%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                              | CPGX 5.439 02/15/35 144A                                                    | CUSIP: 19828TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $684548.24    | 0.11%             | 2035-02-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 7 03/15/33 144A                                                         | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    645000 | PA      | $698270.55    | 0.11%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                                  | UHS 5.05 10/15/34                                                           | CUSIP: 913903BC3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    560000 | PA      | $534658.09    | 0.09%             | 2034-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA4980                                                                   | CUSIP: 31418ERA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1511953 | PA      | $1547917.41   | 0.25%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC                                                        | Oryx Southern Delaware Holdings Term Loan B 225 2028-10-01                  | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    455243 | PA      | $455370.86    | 0.07%             | 2028-10-05      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Black Hills Corporation                                                                          | BKH 6.15 05/15/34                                                           | CUSIP: 092113AW9<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    925000 | PA      | $972490.97    | 0.16%             | 2034-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| AJAX MORTGAGE LOAN TRUST 2022-B                                                                  | AJAXM 2022-B A1                                                             | CUSIP: 00971BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    589191 | PA      | $570146.57    | 0.09%             | 2062-03-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.375 05/15/34                                                            | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4705000 | PA      | $4754623.07   | 0.76%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Entergy Texas Inc                                                                                | ETR 5.8 09/01/53                                                            | CUSIP: 29365TAN4<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |    455000 | PA      | $450269.09    | 0.07%             | 2053-09-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2017-5                                                                  | JPMMT 2017-5 A1                                                             | CUSIP: 46590YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4509 | PA      | $4486.78      | 0.00%             | 2048-10-25      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Nigeria (Federal Republic of)                                                                    | NGERIA 10.375 12/09/34 144A                                                 | CUSIP: 65412AFD9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    249000 | PA      | $284856.00    | 0.05%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Sonoco Products Company                                                                          | SON 5 09/01/34                                                              | CUSIP: 835495AS1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    995000 | PA      | $973276.41    | 0.16%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2025-NQM2                                                               | JPMMT 2025-NQM2 A1                                                          | CUSIP: 46590SAC1<br>LEI: 529900LIO4UMWFLNQ670 | Long             | ABS-O            | CORP              | US        |    838391 | PA      | $841700.55    | 0.13%             | 2065-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM6 TR                                                                                 | OBX 2025-NQM6 A1                                                            | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-O            | CORP              | US        |    746745 | PA      | $750453.98    | 0.12%             | 2065-03-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                           | TFC V5.122 01/26/34 MTN                                                     | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    654000 | PA      | $652241.03    | 0.10%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Sazerac Company, Inc.                                                                            | Sazerac Company Term Loan B 200 2032-07-01                                  | CUSIP: 80583EAP1<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |    254362 | PA      | $254008.94    | 0.04%             | 2032-07-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Eagle Materials Inc.                                                                             | EXP 5 03/15/36                                                              | CUSIP: 26969PAC2<br>LEI: 529900KRXRGXL61SG039 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1062831.65   | 0.17%             | 2036-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                              | CEG 5.875 01/15/66                                                          | CUSIP: 210385AR1<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1123263.52   | 0.18%             | 2066-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2024-1                                                                 | TPMT 2024-1 A1                                                              | CUSIP: 89182NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    639283 | PA      | $649625.06    | 0.10%             | 2064-03-25      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| COLT 2023-4 MORTGAGE LOAN TRUST                                                                  | COLT 2023-4 A1                                                              | CUSIP: 12598WAA0<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-O            | CORP              | US        |    835808 | PA      | $841708.33    | 0.13%             | 2068-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Indeck Niles, LLC                                                                                | INDECK NILES LLC                                                            | CUSIP: 000000000<br>LEI: 5493003HISDK37Z6Q008 | Long             | LON              | CORP              | US        |    200000 | PA      | $199750.00    | 0.03%             | 2033-03-09      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Composecure Holdings LLC                                                                         | COMPOS 5.625 02/01/33 144A                                                  | CUSIP: 20459XAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $4884.75      | 0.00%             | 2033-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust 2025-1                                             | BLAST 2025-1 C                                                              | CUSIP: 10806HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    935000 | PA      | $940192.71    | 0.15%             | 2029-12-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                                       | S 8.75 03/15/32                                                             | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    635000 | PA      | $755059.50    | 0.12%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Guatemala (Republic of)                                                                          | GUATEM 6.6 06/13/36 144A                                                    | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    225000 | PA      | $235507.50    | 0.04%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING LLC 2023-A                                                                          | NMEF 2023-A B                                                               | CUSIP: 62890QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1014103.30   | 0.16%             | 2030-06-17      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 5.15 11/15/31                                                          | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    535000 | PA      | $548818.00    | 0.09%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                       | BATSLN 7.75 10/19/32                                                        | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    398000 | PA      | $457015.48    | 0.07%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.35 06/01/34                                                          | CUSIP: 46647PDR4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    455000 | PA      | $464229.42    | 0.07%             | 2034-06-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                     | UAL 5.375 03/01/31                                                          | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48965.84     | 0.01%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc                                                                             | DEL MONTE FOODS CORP II INC                                                 | CUSIP: 24521WAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     31898 | PA      | $24880.72     | 0.00%             | 2026-04-02      | Floating      | 13.28%                | No            |                  3 | On Loan: No      |
| Northern Trust Corporation                                                                       | NTRS V3.375 05/08/32                                                        | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1129029.73   | 0.18%             | 2032-05-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING 2023-1 LLC                                                                 | XCAP 2023-1A C                                                              | CUSIP: 05335JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    485000 | PA      | $495750.32    | 0.08%             | 2030-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.065 01/21/37                                                          | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    525000 | PA      | $513277.89    | 0.08%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V2.956 05/13/31                                                         | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    545000 | PA      | $507816.63    | 0.08%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Harbor Freight Tools USA Inc                                                                     | Harbor Freight Term Loan B 250 2031-05-27                                   | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |    161288 | PA      | $159429.53    | 0.03%             | 2031-06-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8289                                                                   | CUSIP: 3132DWF65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2334898 | PA      | $2355236.09   | 0.38%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-RPL4 TRUST                                                                             | CSMC 2020-RPL4 A1                                                           | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    788259 | PA      | $710629.27    | 0.11%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 1.375 08/15/50                                                            | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9840000 | PA      | $4811606.30   | 0.77%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                             | AHTLN 5.95 10/15/33 144A                                                    | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    475000 | PA      | $488809.21    | 0.08%             | 2033-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                                       | ALVGR V6.35 09/06/53 144A                                                   | CUSIP: 018820AC4<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $624670.80    | 0.10%             | 2053-09-06      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                               | RPRX 3.35 09/02/51                                                          | CUSIP: 78081BAP8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $226783.51    | 0.04%             | 2051-09-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| SAFCO AUTO RECV TR 2024-1                                                                        | SAFCO 2024-1A B                                                             | CUSIP: 78637EAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    163252 | PA      | $163371.24    | 0.03%             | 2028-11-20      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                                                                    | TransDigm Term Loan J 250 2031-02-01                                        | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    312051 | PA      | $312016.48    | 0.05%             | 2031-02-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)              | AER 3.3 01/30/32                                                            | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    470000 | PA      | $426866.11    | 0.07%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| HINNT 2025-A LLC                                                                                 | HINTT 2025-A B                                                              | CUSIP: 433403AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    698296 | PA      | $706662.53    | 0.11%             | 2044-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2022-CLS                                                                                | BX 2022-CLS A                                                               | CUSIP: 05609XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1230000 | PA      | $1234431.69   | 0.20%             | 2027-10-13      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                                                         | RILIN 2.875 01/12/32 144A                                                   | CUSIP: 759470BB2<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    530000 | PA      | $477000.00    | 0.08%             | 2032-01-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.375 05/15/33                                                            | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2435000 | PA      | $2319622.86   | 0.37%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JERSEY MIKE'S FUNDING LLC                                                                        | JMIKE 2024-1A A2                                                            | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1089000 | PA      | $1101324.43   | 0.18%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2023-1                                                                           | REACH 2024-1A B                                                             | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    413097 | PA      | $415464.85    | 0.07%             | 2031-02-18      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 3.625 02/15/53                                                            | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1420000 | PA      | $1139660.93   | 0.18%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JP MORGAN SEASONED MORTGAGE TRUST 2024-1                                                         | JPSMT 2024-1 A4                                                             | CUSIP: 61777HAH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    648079 | PA      | $633644.36    | 0.10%             | 2063-01-25      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                                      | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH                              | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -50 | NC      | $-39257.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Finance Llc                                                                             | OWL 3.125 06/10/31                                                          | CUSIP: 09581JAR7<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1358092.28   | 0.22%             | 2031-06-10      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Hungary (Republic Of)                                                                            | REPHUN 6.25 09/22/32 144A                                                   | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    804000 | PA      | $836489.64    | 0.13%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NAB Holdings LLC                                                                                 | North American Bancard Term Loan B 250 2028-11-01                           | CUSIP: 66345FAB7<br>LEI: 549300G4QOYNTNBXSH82 | Long             | LON              | CORP              | US        |    447532 | PA      | $408247.76    | 0.07%             | 2028-11-24      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2017-4                                                                 | TPMT 2017-4 A2                                                              | CUSIP: 89173UAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1570000 | PA      | $1497995.25   | 0.24%             | 2057-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| TSC Spv Funding LLC                                                                              | TROP 2024-1A A2                                                             | CUSIP: 898912AA8<br>LEI: 21380072ODEONQKNZ348 | Long             | ABS-O            | CORP              | US        |    864062 | PA      | $872185.64    | 0.14%             | 2054-08-20      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB8269                                                                   | CUSIP: 3132D6FJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259973 | PA      | $268135.39    | 0.04%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP/DRAWBRIDGE SPECIAL OPPORTUNITIES FINANCE CORP           | DRAWBR 5.95 09/17/30 144A                                                   | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1056379.96   | 0.17%             | 2030-09-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TRUST 2023-2                                                                  | FFIN 2023-2A A                                                              | CUSIP: 35042RAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    194541 | PA      | $201763.65    | 0.03%             | 2049-06-15      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Astoria Energy LLC                                                                               | Astoria Energy Term Loan B 275 2032-06-03                                   | CUSIP: 04626LAJ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    275828 | PA      | $275872.04    | 0.04%             | 2032-06-23      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2016-4                                                                 | TPMT 2016-4 B1                                                              | CUSIP: 89172UAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310000 | PA      | $301180.41    | 0.05%             | 2056-07-25      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                                       | BA 5.93 05/01/60                                                            | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1439000 | PA      | $1381278.98   | 0.22%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS8360                                                                   | CUSIP: 3140XQJE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2212356 | PA      | $2030517.95   | 0.33%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                                 | PSD 4.224 03/15/32                                                          | CUSIP: 745310AN2<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    973000 | PA      | $928136.21    | 0.15%             | 2032-03-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                           | CMS V4.75 06/01/50                                                          | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1154096.27   | 0.18%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                            | ROMANI 6.375 01/30/34 144A                                                  | CUSIP: 77586RAU4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    125000 | PA      | $124250.00    | 0.02%             | 2034-01-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.424 02/12/36                                                         | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1159799.43   | 0.19%             | 2036-02-12      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET V7.125 PERP G                                                            | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    215000 | PA      | $218832.38    | 0.04%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                  | TDG 6.875 12/15/30 144A                                                     | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    275000 | PA      | $281778.20    | 0.05%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Freeport LNG Investments, LLP                                                                    | Freeport LNG Investments Term Loan B 325 2033-01-18                         | CUSIP: 35670CAE8<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |    315000 | PA      | $314738.55    | 0.05%             | 2033-02-11      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL EQUIPMENT FINANCE 2025-1 LLC                                                          | CEFI 2025-1A A                                                              | CUSIP: 20166TAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1091235 | PA      | $1091532.44   | 0.17%             | 2031-05-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 909092                                                                   | CUSIP: 31411H7D6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5869 | PA      | $6189.24      | 0.00%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SEQUOIA MORTGAGE TRUST 2013-8                                                                    | SEMT 2013-8 B1                                                              | CUSIP: 81745EAC3<br>LEI: 549300EU86QZR1NB5U93 | Long             | ABS-O            | CORP              | US        |     13871 | PA      | $13507.19     | 0.00%             | 2043-06-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                               | HBAN V5.709 02/02/35                                                        | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    485000 | PA      | $494901.29    | 0.08%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V6.174 05/25/34                                                           | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    503000 | PA      | $520664.56    | 0.08%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.389 04/24/34                                                         | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    480000 | PA      | $487188.57    | 0.08%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings, Inc.                                                                 | SS&C Technologies Term Loan B-8 200 2031-04-28                              | CUSIP: 78466DBJ2<br>LEI: 529900POY8H7NPPNKK71 | Long             | LON              | CORP              | US        |    570733 | PA      | $568484.79    | 0.09%             | 2031-05-09      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| LV TRUST 2024-SHOW                                                                               | Fashion Show Mall LLC                                                       | CUSIP: 50245XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2010000 | PA      | $2022073.47   | 0.32%             | 2041-10-10      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Wesco Distribution, Inc.                                                                         | WCC 5.5 04/15/34 144A                                                       | CUSIP: 95081QAU8<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    340000 | PA      | $334848.66    | 0.05%             | 2034-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile Receivables Trust 2019-1                                            | FCRT 2023-2 A2                                                              | CUSIP: 35104AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15738 | PA      | $15757.61     | 0.00%             | 2028-05-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                                                        | MARS 5.2 03/01/35 144A                                                      | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1201329.69   | 0.19%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Harbour Energy PLC                                                                               | HBRLN 6.327 04/01/35 144A                                                   | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |   1260000 | PA      | $1291230.71   | 0.21%             | 2035-04-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                                      | VST V8 PERP 144A                                                            | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    163000 | PA      | $164727.80    | 0.03%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                                               | DOMREP 5.5 02/22/29 144A                                                    | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    355000 | PA      | $351450.00    | 0.06%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                                         | AESOP 2023-3A A                                                             | CUSIP: 05377RGU2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    402000 | PA      | $404871.45    | 0.06%             | 2028-02-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS V6.75 12/10/54                                                          | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    682000 | PA      | $690554.33    | 0.11%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V2.359 07/29/32                                                         | CUSIP: 14040HCG8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    752000 | PA      | $648291.43    | 0.10%             | 2032-07-29      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL0019                                                                   | CUSIP: 31427MAV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1180678 | PA      | $1186627.59   | 0.19%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE                                                                   | DREYFUS GOVERNMENT CASH MANAGE                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    959439 | NS      | $959438.79    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uruguay (Republic Of)                                                                            | URUGUA 5.1 06/18/50                                                         | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    491000 | PA      | $450571.06    | 0.07%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                                   | BCRED 6 01/29/32                                                            | CUSIP: 09261HBX4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    510000 | PA      | $494587.03    | 0.08%             | 2032-01-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                                        | ARAMCO 5.25 07/17/34 144A                                                   | CUSIP: 80414L2N4<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    850000 | PA      | $844509.00    | 0.14%             | 2034-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                     | BACR V7.437 11/02/33                                                        | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    945000 | PA      | $1056482.17   | 0.17%             | 2033-11-02      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V6.27 11/17/33                                                            | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    705000 | PA      | $753495.93    | 0.12%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| IRV TRUST 2025-200P                                                                              | IRV 2025-200P B                                                             | CUSIP: 45006HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1180000 | PA      | $1172988.91   | 0.19%             | 2047-03-14      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Sodexo Inc                                                                                       | SWFP 5.8 08/15/35 144A                                                      | CUSIP: 833794AD2<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1317740.15   | 0.21%             | 2035-08-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                                                    | ATDBCN 5.077 09/29/35 144A                                                  | CUSIP: 01626PAX4<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |   1495000 | PA      | $1479573.83   | 0.24%             | 2035-09-29      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Flex Intermediate Holdco LLC                                                                     | FLEXIH 3.363 06/30/31 144A                                                  | CUSIP: 33939HAA7<br>LEI: 549300290TQIGM30A243 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1129061.09   | 0.18%             | 2031-06-30      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 880117                                                                   | CUSIP: 31409VYN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12298 | PA      | $12598.92     | 0.00%             | 2036-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                            | SOCGEN V6.066 01/19/35 144A                                                 | CUSIP: 83368RBX9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    995000 | PA      | $1027476.79   | 0.16%             | 2035-01-19      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                                         | NGL 8.375 02/15/32 144A                                                     | CUSIP: 62922LAD0<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128818.00    | 0.02%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                      | GBLATL 6.75 03/15/54 144A                                                   | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    410000 | PA      | $381928.04    | 0.06%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD6881                                                                   | CUSIP: 3132DUUE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5140683 | PA      | $4339243.77   | 0.69%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BBCMS TRUST 2018-CBM                                                                             | BBCMS 2018-CBM A                                                            | CUSIP: 05549RAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1324000 | PA      | $1287377.10   | 0.21%             | 2037-07-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                               | HBAN V6.141 11/18/39                                                        | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    615000 | PA      | $626382.43    | 0.10%             | 2039-11-18      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Omnis Funding Trust                                                                              | RGA 6.722 05/15/55                                                          | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1243435.65   | 0.20%             | 2055-05-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                                                                               | IRM 6.25 01/15/33 144A                                                      | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    590000 | PA      | $588113.36    | 0.09%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                            | Quikrete Term Loan B 225 2031-04-01                                         | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    338221 | PA      | $337490.19    | 0.05%             | 2031-04-14      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                                                                    | Live Nation Term Loan B 200 2032-10-06                                      | CUSIP: 53803HAY6<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    428925 | PA      | $428388.84    | 0.07%             | 2032-10-21      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd.                                                                             | Westinghouse Electric Co Term Loan B 275 2031-01-03                         | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    524732 | PA      | $523582.69    | 0.08%             | 2031-01-27      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp                                           | ASCRES 6.625 07/15/33 144A                                                  | CUSIP: 04364VBA0<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | DBT              | CORP              | US        |    545000 | PA      | $554358.74    | 0.09%             | 2033-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DBR Land Holdings LLC                                                                            | LB 6.25 12/01/30 144A                                                       | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $344246.60    | 0.06%             | 2030-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2022-LP2                                                            | BX 2022-LP2 D                                                               | CUSIP: 05610HAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    227500 | PA      | $227357.81    | 0.04%             | 2039-02-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc.                                                                            | DELMFD L 08/02/28 1                                                         | CUSIP: 24521WAC3<br>LEI: 549300U9K7TD84Q24R17 | Long             | LON              | CORP              | US        |     62960 | PA      | $1888.79      | 0.00%             | 2028-08-02      | Floating      | 8.02%                 | No            |                  3 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FA0685                                                                   | CUSIP: 3140W0XP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4965323 | PA      | $5073116.57   | 0.81%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.75 11/15/53                                                             | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1590000 | PA      | $1545964.46   | 0.25%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Finco I LLC                                                                                      | Fortress Investment Group Term Loan B 175 2029-06-01                        | CUSIP: 31774BAH7<br>LEI: 5493001RSEZ0X6VJMC68 | Long             | LON              | CORP              | US        |    372651 | PA      | $361751.14    | 0.06%             | 2029-06-27      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| CIM TRUST 2022-R2                                                                                | CIM 2022-R2 A1                                                              | CUSIP: 12567NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    454461 | PA      | $429190.42    | 0.07%             | 2061-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                                           | ROP 5.1 09/15/35                                                            | CUSIP: 776696AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1045306.33   | 0.17%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST 2025-1                                                           | PART 2025-1A C                                                              | CUSIP: 74113UAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1179000 | PA      | $1184940.39   | 0.19%             | 2030-02-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Ascot Group Limited                                                                              | ASCOTG 4.25 12/15/30 144A                                                   | CUSIP: 04365XAA6<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |    650000 | PA      | $604587.89    | 0.10%             | 2030-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2017-1                                                                 | TPMT 2017-1 M1                                                              | CUSIP: 89173FAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    332270 | PA      | $328332.40    | 0.05%             | 2056-10-25      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2024-10                                                                 | AOMT 2022-5 A1                                                              | CUSIP: 03464HAA3<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-O            | CORP              | US        |   1372949 | PA      | $1367078.37   | 0.22%             | 2067-05-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                                        | KSA 3.75 01/21/55 144A                                                      | CUSIP: 80413TAR0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    625000 | PA      | $421093.75    | 0.07%             | 2055-01-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                               | STT V6.7 PERP I                                                             | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406440.80    | 0.07%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                                             | Charter Communications Operating Term Loan B-5 225 2031-11-14               | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    463692 | PA      | $463432.23    | 0.07%             | 2031-12-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2013-2                                                       | EART 2026-2A C                                                              | CUSIP: 30166WAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1560000 | PA      | $1556134.94   | 0.25%             | 2032-08-16      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Oak-Eagle Acquireco, Inc.                                                                        | Electronic Arts Term Loan B 350 2033-03-14                                  | CUSIP: 67123SAB5<br>LEI: 6488ICS9P20290MA1H31 | Long             | LON              | CORP              | US        |    540000 | PA      | $536625.00    | 0.09%             | 2033-03-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 6.84 01/23/30                                                         | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     84000 | PA      | $84285.60     | 0.01%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2016-1                                                                 | TPMT 2019-2 A2                                                              | CUSIP: 89177JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1720000 | PA      | $1555574.19   | 0.25%             | 2058-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA4839                                                                   | CUSIP: 31418ELV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5107136 | PA      | $4821337.49   | 0.77%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eagle Broadband Investments LLC                                                                  | Eagle Broadband Investments LLC                                             | CUSIP: 26943PAB5<br>LEI: 254900W09ZHD1OM4I757 | Long             | LON              | CORP              | US        |    560563 | PA      | $533117.66    | 0.09%             | 2027-11-12      | Floating      | 6.96%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TRUST 2021-C                                                                    | OPTN 2021-C A                                                               | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     69108 | PA      | $68175.78     | 0.01%             | 2031-10-08      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                                        | SOBOCN 5.584 10/01/34                                                       | CUSIP: 83007CAF9<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    610000 | PA      | $605827.62    | 0.10%             | 2034-10-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.575 01/29/36                                                         | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    800000 | PA      | $816724.01    | 0.13%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2023-2                                                     | WLAKE 2024-1A B                                                             | CUSIP: 96043RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    482768 | PA      | $483708.26    | 0.08%             | 2027-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                              | ACAR 2024-1 C                                                               | CUSIP: 02531AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228757 | PA      | $229372.75    | 0.04%             | 2030-01-14      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 3.85 04/01/60                                                          | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     60000 | PA      | $35308.44     | 0.01%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corporation                                                                       | NTRS V5.117 11/19/40                                                        | CUSIP: 665859AZ7<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    650000 | PA      | $632847.82    | 0.10%             | 2040-11-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Genesis Energy LP & Genesis Energy Finance Corp.                                                 | GEL 8.875 04/15/30                                                          | CUSIP: 37185LAN2<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    515000 | PA      | $537766.09    | 0.09%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V6.125 PERP GG                                                          | CUSIP: 95002YAE3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    945000 | PA      | $948556.69    | 0.15%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES5 A1A                                                          | CUSIP: 74942CAA7<br>LEI: 2549008EA2IHW9G2TZ48 | Long             | ABS-O            | CORP              | US        |    857041 | PA      | $862385.90    | 0.14%             | 2055-05-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| NY COMMERCIAL MORTGAGE TRUST 2025-299P                                                           | NY 2025-299P A                                                              | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1160000 | PA      | $1202138.39   | 0.19%             | 2047-02-12      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd                                                                  | BAMCN 5.795 04/24/35                                                        | CUSIP: 113004AA3<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |   1060000 | PA      | $1080053.90   | 0.17%             | 2035-04-24      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS8791                                                                   | CUSIP: 3140XQXV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3181869 | PA      | $3245074.00   | 0.52%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.625 02/15/55                                                            | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7090000 | PA      | $6762364.44   | 1.08%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VISIO 2022-1 TRUST                                                                               | VISIO 2022-1 A2                                                             | CUSIP: 92838CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    306534 | PA      | $305895.37    | 0.05%             | 2057-08-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                                                               | SNLN 5.4 03/20/34                                                           | CUSIP: 83192PAD0<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |   1275000 | PA      | $1293235.06   | 0.21%             | 2034-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL3545                                                                   | CUSIP: 31427Q5F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5788490 | PA      | $5094299.77   | 0.82%             | 2053-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.375 07/15/31 144A                                                     | CUSIP: 86765KAM1<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49598.31     | 0.01%             | 2031-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 535371                                                                   | CUSIP: 31384VW81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       119 | PA      | $123.37       | 0.00%             | 2030-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.05 03/25/48                                                           | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    355000 | PA      | $304590.89    | 0.05%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DirectV Financing LLC                                                                            | DIRECTV Term Loan B 525 2029-08-01                                          | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    249612 | PA      | $249964.22    | 0.04%             | 2029-08-02      | Floating      | 9.18%                 | No            |                  2 | On Loan: No      |
| JSC National Company KazMunayGas                                                                 | KZOKZ 5.75 04/19/47 144A                                                    | CUSIP: 48667QAP0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    162000 | PA      | $150099.48    | 0.02%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HUNTERSTOWN GENERATION LLC                                                                       | HUNTERSTOWN GENERATION                                                      | CUSIP: 44579UAD4<br>LEI: 549300ER0JUHJLPPMH08 | Long             | LON              | CORP              | US        |    507453 | PA      | $507346.26    | 0.08%             | 2031-11-06      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2023-CES3                                                                    | RCKT 2023-CES3 A1A                                                          | CUSIP: 749407AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    503365 | PA      | $507191.69    | 0.08%             | 2043-11-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2                                                              | GSAR 2023-1A B                                                              | CUSIP: 36267FAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385000 | PA      | $391261.68    | 0.06%             | 2029-03-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC (Zuffa)/TKO Group                                                               | TKO Group Holdings (UFC) Term Loan B 200 2031-11-01                         | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    463897 | PA      | $463303.00    | 0.07%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust 2022-2                                                       | STAR 2021-5 A2                                                              | CUSIP: 85573QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1264346 | PA      | $1092920.21   | 0.17%             | 2066-09-25      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 2.25 02/15/52                                                             | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    950000 | PA      | $572523.44    | 0.09%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 1.5 02/15/30                                                              | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1265000 | PA      | $1157573.82   | 0.19%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| PRET 2024-RPL1 TRUST                                                                             | PRET 2024-RPL1 A1                                                           | CUSIP: 693989AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    377986 | PA      | $360678.90    | 0.06%             | 2063-10-25      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc                                                                             | DELMFD L 08/02/28 2                                                         | CUSIP: 24521WAB5<br>LEI: 549300U9K7TD84Q24R17 | Long             | LON              | CORP              | US        |     27657 | PA      | $13067.78     | 0.00%             | 2028-08-02      | Floating      | 11.77%                | No            |                  3 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                                       | LIBMUT V4.125 12/15/51 144A                                                 | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    455000 | PA      | $444492.35    | 0.07%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V5.174 09/11/36                                                           | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    840000 | PA      | $832685.46    | 0.13%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables VI LLC                                                        | AXIS 2025-1A D                                                              | CUSIP: 03237FAE5<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |   1340000 | PA      | $1356548.33   | 0.22%             | 2032-08-20      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| FOUNDATION FINANCE TR 2021-1                                                                     | FFIN 2021-1A A                                                              | CUSIP: 35041LAA8<br>LEI: 549300MQ65NOVQXYNB21 | Long             | ABS-O            | CORP              | US        |     50482 | PA      | $48157.96     | 0.01%             | 2041-05-15      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2024-RTL4                                                                   | LHOME 2024-RTL4 A1                                                          | CUSIP: 50205PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $451055.25    | 0.07%             | 2039-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment Public Limited Company                                                     | Flutter Entertainment Term Loan B (Incremental) 200 2032-05-17              | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | LON              | CORP              | US        |    232815 | PA      | $229904.46    | 0.04%             | 2032-06-04      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD2026                                                                   | CUSIP: 3132DPHB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1317032 | PA      | $1305167.10   | 0.21%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.518 10/25/35                                                         | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2259948.20   | 0.36%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| PT Pertamina (Persero)                                                                           | PERTIJ 6.45 05/30/44 144A                                                   | CUSIP: 69370PAA9<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    630000 | PA      | $636300.00    | 0.10%             | 2044-05-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 6.35 02/12/48                                                         | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    381000 | PA      | $291179.25    | 0.05%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                             | GLENLN 5.634 04/04/34 144A                                                  | CUSIP: 378272BU1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1110467.51   | 0.18%             | 2034-04-04      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                               | META 5.75 11/15/65                                                          | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1188868.75   | 0.19%             | 2065-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2019-2                                                        | EFMT 2019-2 A3                                                              | CUSIP: 31573TAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13594 | PA      | $13248.74     | 0.00%             | 2059-11-25      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                       | SOAF 6.125 12/11/37 144A                                                    | CUSIP: 836205BH6<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    178000 | PA      | $165251.64    | 0.03%             | 2037-12-11      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MFA TRUST 2022-INV2                                                                              | MFRA 2022-INV2 A1                                                           | CUSIP: 55285UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1221469 | PA      | $1218081.10   | 0.19%             | 2057-07-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V7 PERP 144                                                             | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    875000 | PA      | $845880.45    | 0.14%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP V5.412 02/08/41                                                         | CUSIP: 025816ES4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    345000 | PA      | $342332.01    | 0.05%             | 2041-02-08      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                                         | FG 6.5 06/04/29                                                             | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    935000 | PA      | $938907.24    | 0.15%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                                | BK V5.834 10/25/33 MTN                                                      | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    200000 | PA      | $212002.08    | 0.03%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| FHF TRUST 2023-1                                                                                 | FHF 2023-1A A2                                                              | CUSIP: 30331GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23612 | PA      | $23693.43     | 0.00%             | 2028-06-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS 6.45 05/01/36                                                            | CUSIP: 38143YAC7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    145000 | PA      | $153350.98    | 0.02%             | 2036-05-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                                                                  | ACHC 5.5 07/01/28 144A                                                      | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29775.95     | 0.00%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                                                             | TURKEY 7.625 05/15/34 10Y                                                   | CUSIP: 900123DK3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    558000 | PA      | $565812.00    | 0.09%             | 2034-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                                        | KSA 4.875 07/18/33 144A                                                     | CUSIP: 80413TBD0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    552000 | PA      | $545033.76    | 0.09%             | 2033-07-18      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST 2024-A                                                                        | AQFIT 2024-A B                                                              | CUSIP: 03837DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1025000 | PA      | $1026925.26   | 0.16%             | 2050-04-18      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                                         | ICLR 6 05/08/34                                                             | CUSIP: 45115AAC8<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1290000 | PA      | $1306769.75   | 0.21%             | 2034-05-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Information Management LLC                                                         | Iron Mountain Term Loan B (Incremental) 225 2030-11-29                      | CUSIP: 46284NAV1<br>LEI: 5493009M0X1LQXGBWV02 | Long             | LON              | CORP              | US        |    434411 | PA      | $431153.37    | 0.07%             | 2031-01-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                                                                   | WES 5.25 02/01/50                                                           | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1336818.62   | 0.21%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB2 TRUST                                                                              | OBX 2024-HYB2 A1                                                            | CUSIP: 67118RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    616708 | PA      | $613833.41    | 0.10%             | 2053-04-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA4805                                                                   | CUSIP: 31418EKT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    648896 | PA      | $628813.52    | 0.10%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oman (Sultanate Of)                                                                              | OMAN 6.25 01/25/31 144A                                                     | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    667000 | PA      | $695514.25    | 0.11%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hilton Domestic Operating Co Inc.                                                                | HLT 5.75 09/15/33 144A                                                      | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    560000 | PA      | $557471.62    | 0.09%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8350                                                                   | CUSIP: 3132DWH30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    542567 | PA      | $555551.69    | 0.09%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM3 TRUST                                                                              | OBX 2024-NQM3 A1                                                            | CUSIP: 67118KAA1<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-O            | CORP              | US        |    812430 | PA      | $816500.13    | 0.13%             | 2063-12-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| PMT LOAN TRUST 2024-INV1                                                                         | PMTLT 2024-INV1 A2                                                          | CUSIP: 73015BAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650876 | PA      | $658605.25    | 0.11%             | 2059-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                                                                       | LHX 5.4 07/31/33                                                            | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1056773.33   | 0.17%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Green Infrastructure Partners Inc.                                                               | Green Infrastructure Partners Term Loan B 275 2032-09-08                    | CUSIP: 39306DAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    180000 | PA      | $179550.00    | 0.03%             | 2032-09-24      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations USA Inc                                                             | Grifols Worldwide Term Loan B 200 2027-10-26                                | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    580000 | PA      | $579112.60    | 0.09%             | 2027-11-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management Funds                                                         | Dreyfus Government Cash Management Funds SH BEN INT                         | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  22737755 | NS      | $22737755.35  | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Water Holdings Inc / Triton Water Holdings Inc.                                            | PRMWCN 6.25 04/01/29 144A                                                   | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    530000 | PA      | $530859.13    | 0.08%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Nigeria (Federal Republic of)                                                                    | NGERIA 8.6308 01/13/36 144A                                                 | CUSIP: 65412AFF4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    294000 | PA      | $305098.50    | 0.05%             | 2036-01-13      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                  | TDG 6.625 03/01/32 144A                                                     | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163179.20    | 0.03%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.5 11/15/33                                                              | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    870000 | PA      | $888011.71    | 0.14%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York State Electric & Gas Corporation                                                        | AGR 5.85 08/15/33 144A                                                      | CUSIP: 649840CV5<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    540000 | PA      | $563371.25    | 0.09%             | 2033-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                        | IQV 6.25 02/01/29                                                           | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    730000 | PA      | $758715.28    | 0.12%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming GTA LP / OTG Co Issuer Inc.                                                       | ONGAME 8 08/01/30 144A                                                      | CUSIP: 68306MAA7<br>LEI: 894500EC9KLZLOC3V025 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $239602.57    | 0.04%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM5 TRUST                                                                              | OBX 2023-NQM5 A1A                                                           | CUSIP: 673919AL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    571939 | PA      | $572130.11    | 0.09%             | 2063-06-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING 2024-A LLC                                                                          | NMEF 2024-A A2                                                              | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386575 | PA      | $388438.49    | 0.06%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                                        | NIPLIF V6.25 09/13/53 144A                                                  | CUSIP: 654579AM3<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    815000 | PA      | $831580.61    | 0.13%             | 2053-09-13      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB0534                                                                   | CUSIP: 3140QKSY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4535496 | PA      | $3991695.24   | 0.64%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V4.967 07/22/33 MTN                                                     | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    510000 | PA      | $504430.33    | 0.08%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 3.5 02/12/34                                                            | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    187000 | PA      | $159206.19    | 0.03%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2021-1                                                                 | TPMT 2021-1 A2                                                              | CUSIP: 89179YAW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355000 | PA      | $304430.14    | 0.05%             | 2061-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| PROGRESS RESIDENTIAL 2021-SFR6 TRUST                                                             | PROG 2021-SFR6 D                                                            | CUSIP: 74333HAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $203322.34    | 0.03%             | 2038-07-19      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | F 6.054 11/05/31                                                            | CUSIP: 345397G31<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256124.69    | 0.04%             | 2031-11-05      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | F 6.5 02/07/35                                                              | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    495000 | PA      | $499444.88    | 0.08%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                                                                 | KMI 6.95 01/15/38 MTN                                                       | CUSIP: 494550AW6<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    400000 | PA      | $446548.20    | 0.07%             | 2038-01-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-2                                                     | WLAKE 2024-2A B                                                             | CUSIP: 96042YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    870000 | PA      | $875397.05    | 0.14%             | 2030-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                                        | KSA 5.625 01/13/35 144A                                                     | CUSIP: 80413TBL2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $206382.00    | 0.03%             | 2035-01-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                                 | PSD 2.379 06/15/28                                                          | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    204000 | PA      | $194433.46    | 0.03%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 986067                                                                   | CUSIP: 31415QMQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       890 | PA      | $922.07       | 0.00%             | 2038-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                       | AMGN 5.65 03/02/53                                                          | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1478000 | PA      | $1431505.30   | 0.23%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 5.5 06/01/33                                                            | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254985.62    | 0.04%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2024-CES1                                                                    | RCKT 2024-CES1 A1A                                                          | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    271899 | PA      | $273022.83    | 0.04%             | 2044-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                               | POST 6.25 02/15/32 144A                                                     | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    855000 | PA      | $863839.85    | 0.14%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2023-B38 MORTGAGE TRUST                                                                | BMARK 2023-B38 A2                                                           | CUSIP: 081916AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $237571.70    | 0.04%             | 2056-04-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Cornerstone Generation, LLC                                                                      | Cornerstone Generation Term Loan B 325 2031-10-14                           | CUSIP: 21924NAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    402996 | PA      | $402709.37    | 0.06%             | 2032-08-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA4785                                                                   | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    265616 | PA      | $263373.28    | 0.04%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                              | GPN 5.55 11/15/35                                                           | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1132275.47   | 0.18%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                | HRI 7.25 06/15/33 144A                                                      | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    225000 | PA      | $230566.95    | 0.04%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                                       | PRU V6.5 03/15/54                                                           | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    470000 | PA      | $481443.56    | 0.08%             | 2054-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 1.25 05/15/50                                                             | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5910000 | PA      | $2804710.53   | 0.45%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| COLT 2024-5 MORTGAGE LOAN TRUST                                                                  | COLT 2024-5 A1                                                              | CUSIP: 19685AAA7<br>LEI: 213800AWBXHFGYDU9Q16 | Long             | ABS-O            | CORP              | US        |    631393 | PA      | $630406.23    | 0.10%             | 2069-08-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM3                                                    | NRZT 2026-NQM3 A1                                                           | CUSIP: 64832PAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    852640 | PA      | $844571.17    | 0.14%             | 2066-02-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                                        | HASI 6.375 07/01/34                                                         | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1361000 | PA      | $1370011.36   | 0.22%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2015-3                                                                 | TPMT 2019-1 A1                                                              | CUSIP: 89177BAA3<br>LEI: 549300ZHISOOIT5VZP03 | Long             | ABS-O            | CORP              | US        |     76836 | PA      | $74483.60     | 0.01%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Banco de Credito e Inversiones                                                                   | BCICI V7.5 PERP 144A                                                        | CUSIP: 05956NAF9<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    244000 | PA      | $254455.40    | 0.04%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| The Brooklyn Union Gas Company                                                                   | NGGLN 4.866 08/05/32 144A                                                   | CUSIP: 114259AW4<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    355000 | PA      | $347077.83    | 0.06%             | 2032-08-05      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                                          | INDON 5.1 02/10/54                                                          | CUSIP: 455780DV5<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    513000 | PA      | $465547.50    | 0.07%             | 2054-02-10      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation                                  | IEP 5.25 05/15/27                                                           | CUSIP: 451102BZ9<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195981.48    | 0.03%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                                                                    | WMB 5.15 03/15/34                                                           | CUSIP: 88339WAC0<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $1011296.24   | 0.16%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                                                                     | Univision Communications/Televisa Term Loan B (Incremental) 350 2029-01-01  | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |    510538 | PA      | $505116.38    | 0.08%             | 2029-01-31      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                              | ALA 2025-OANA A                                                             | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1605000 | PA      | $1609012.50   | 0.26%             | 2040-06-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.875 08/15/34                                                            | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4260000 | PA      | $4151669.52   | 0.66%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MFA 2022-NQM2 TRUST                                                                              | MFRA 2022-NQM2 A1                                                           | CUSIP: 55285QAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1412501 | PA      | $1384234.96   | 0.22%             | 2067-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                           | UAL 5.45 02/15/37 AA                                                        | CUSIP: 90932WAA1<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |    563847 | PA      | $574531.50    | 0.09%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                                             | PANAMA 5.227 02/23/34                                                       | CUSIP: 698299CB8<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    170000 | PA      | $164473.73    | 0.03%             | 2034-02-23      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                                              | CITADL 4.75 02/14/29 144A                                                   | CUSIP: 17287HAE0<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    830000 | PA      | $813221.50    | 0.13%             | 2029-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEXT ABS 2023-1 LLC                                                                              | DEXT 2023-1 A2                                                              | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20911 | PA      | $20986.37     | 0.00%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| USQ RAIL III LLC/ LLP                                                                            | STEAM 2024-1A A                                                             | CUSIP: 912928AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925698 | PA      | $906070.58    | 0.15%             | 2054-09-28      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings Inc                                                                        | Primo Brands (BlueTriton Brands/Nestl Waters NA) Term Loan B 275 2031-03-15 | CUSIP: 89678QAF3<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |    480000 | PA      | $480523.20    | 0.08%             | 2031-03-19      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Molina Healthcare, Inc.                                                                          | MOH 6.25 01/15/33 144A                                                      | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    235000 | PA      | $227853.80    | 0.04%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN FA2472                                                                   | CUSIP: 3140W2XA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4971390 | PA      | $4921384.41   | 0.79%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN 443000                                                                   | CUSIP: 36207VDD5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2572 | PA      | $2628.15      | 0.00%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA5072                                                                   | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1425724 | PA      | $1436909.12   | 0.23%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2021-INV2                                                               | JPMMT 2021-INV2 A4                                                          | CUSIP: 46653TAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2462766 | PA      | $2213908.96   | 0.35%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 6.05 10/01/54                                                           | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    815000 | PA      | $792505.19    | 0.13%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                                | NWG V6.475 06/01/34                                                         | CUSIP: 639057AP3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1005000 | PA      | $1043016.89   | 0.17%             | 2034-06-01      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| MOMNT TECHNOLOGIES TRUST 2023-1                                                                  | MMNT 2023-1A A                                                              | CUSIP: 608934AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37621 | PA      | $37681.54     | 0.01%             | 2045-03-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 6 05/07/36                                                              | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    345000 | PA      | $342757.50    | 0.05%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust 2019-A                                                                        | AQFIT 2019-A C                                                              | CUSIP: 038370AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99197 | PA      | $97088.65     | 0.02%             | 2040-07-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                             | AHTLN 5.5 08/11/32 144A                                                     | CUSIP: 04505AAA7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    305000 | PA      | $309272.92    | 0.05%             | 2032-08-11      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hologic, Inc.                                                                                    | HOPPER MERGER SUB INC                                                       | CUSIP: 000000000<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |    395000 | PA      | $390062.50    | 0.06%             | 2033-01-14      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | COOPR 2025-CES2 A1A                                                         | CUSIP: 12674UAA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    646368 | PA      | $648365.23    | 0.10%             | 2060-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                                                        | RRX 6.4 04/15/33                                                            | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1093984.27   | 0.18%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Pass Through Trust 2015-1AA                                                      | DAL 3.625 07/30/27 15-1                                                     | CUSIP: 24736XAA6<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | ABS-O            | CORP              | US        |    333799 | PA      | $329728.83    | 0.05%             | 2027-07-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Serbia (Republic Of)                                                                             | SERBIA 6.5 09/26/33 144A                                                    | CUSIP: 817477AH5<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    284000 | PA      | $295987.64    | 0.05%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                                     | AVOL 5.75 11/15/29 144A                                                     | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1060000 | PA      | $1084390.60   | 0.17%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nokia Corp                                                                                       | NOKIA 6.625 05/15/39                                                        | CUSIP: 654902AC9<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |    185000 | PA      | $193722.05    | 0.03%             | 2039-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 5.45 09/15/34                                                           | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    345000 | PA      | $348228.93    | 0.06%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                                                                     | UAL 4.875 03/01/29                                                          | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    165000 | PA      | $161383.48    | 0.03%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                 | CHTR 6.375 09/01/29 144A                                                    | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     23000 | PA      | $23070.59     | 0.00%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                                                        | MSCI 3.625 09/01/30 144A                                                    | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   1586000 | PA      | $1499084.08   | 0.24%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.25 08/15/54                                                             | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4155000 | PA      | $3721321.88   | 0.60%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2025-CES4                                                              | TPMT 2025-CES4 A1A                                                          | CUSIP: 89170UAA8<br>LEI: 254900V1XGR6BSB30T32 | Long             | ABS-O            | CORP              | US        |   1130246 | PA      | $1124486.97   | 0.18%             | 2065-10-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| HARDEE'S FUNDING LLC                                                                             | HNGRY 2024-1A A2                                                            | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1558200 | PA      | $1590444.46   | 0.25%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sbna Auto Receivables Trust 2024-A                                                               | SBAT 2024-A C                                                               | CUSIP: 78437PAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    452000 | PA      | $458118.05    | 0.07%             | 2030-01-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                                         | EDF 6.9 05/23/53 144A                                                       | CUSIP: 28504DAD5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   1155000 | PA      | $1235568.36   | 0.20%             | 2053-05-23      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2022-1                                                      | DRMT 2022-1 A1                                                              | CUSIP: 24382JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    296503 | PA      | $273765.04    | 0.04%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                                     | SWK V6.707 03/15/60                                                         | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    830000 | PA      | $810605.56    | 0.13%             | 2060-03-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                        | IQV 5.7 05/15/28                                                            | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    479000 | PA      | $488273.44    | 0.08%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                           | COLOM 8 11/14/35                                                            | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    226000 | PA      | $236633.30    | 0.04%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)              | AER V6.5 01/31/56                                                           | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    485000 | PA      | $485499.55    | 0.08%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                                                                                | OMC 5.375 06/15/33                                                          | CUSIP: 681919BS4<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    790000 | PA      | $789989.57    | 0.13%             | 2033-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                       | SOAF 5.65 09/27/47 30Y                                                      | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     60000 | PA      | $46650.00     | 0.01%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                                        | IQV 6.25 06/01/32 144A                                                      | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    545000 | PA      | $553442.60    | 0.09%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                       | SOAF 5.875 06/22/30 12Y                                                     | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    559000 | PA      | $564310.50    | 0.09%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Genmab A/S                                                                                       | Genmab A/S Term Loan B 300 2032-11-05                                       | CUSIP: 37231EAB8<br>LEI: 529900MTJPDPE4MHJ122 | Long             | LON              | CORP              | US        |    100000 | PA      | $100281.00    | 0.02%             | 2032-12-10      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Resideo Funding Inc                                                                              | Resideo Technologies Term Loan B (Incremental) 200 2032-07-28               | CUSIP: 76090LAM6<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    328350 | PA      | $327118.69    | 0.05%             | 2032-08-13      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Whitewater DBR Holdco LLC                                                                        | WhiteWater DBR Term Loan B 225 2031-03-01                                   | CUSIP: 96616PAD0<br>LEI: 21380025GXMNBTSJP816 | Long             | LON              | CORP              | US        |    123129 | PA      | $123252.03    | 0.02%             | 2031-03-03      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2019-RP1                                                           | CMLTI 2019-RP1 A1                                                           | CUSIP: 17327RAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175862 | PA      | $172315.97    | 0.03%             | 2066-01-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-2                                                                | LADAR 2023-2A D                                                             | CUSIP: 505713AF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $268922.61    | 0.04%             | 2031-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                                   | TCBI V4 05/06/31                                                            | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329454.54    | 0.05%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-NQM2                                                                                   | EFMT 2025-NQM2 A1                                                           | CUSIP: 281917AC8<br>LEI: 254900BQMS9ITLPQGJ53 | Long             | ABS-O            | CORP              | US        |    821432 | PA      | $824636.75    | 0.13%             | 2070-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 5.25 06/15/49                                                           | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    170000 | PA      | $150016.14    | 0.02%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                                  | UHS 2.65 01/15/32                                                           | CUSIP: 913903BA7<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    945000 | PA      | $823268.17    | 0.13%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Sumitomo Life Insurance Co.                                                                      | SUMILF V5.875 09/10/55 144A                                                 | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |   1140000 | PA      | $1115408.95   | 0.18%             | 2055-09-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GNR 2025-125 JA                                                             | CUSIP: 38381MVV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    924051 | PA      | $929450.18    | 0.15%             | 2050-11-16      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                              | CPGX 6.036 11/15/33 144A                                                    | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $363514.52    | 0.06%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| British Airways PLC                                                                              | IAGLN 2.9 03/15/35 144A                                                     | CUSIP: 11042CAA8<br>LEI: 375X9PSJLLOV7F21O626 | Long             | ABS-O            | CORP              | GB        |    750836 | PA      | $688641.06    | 0.11%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CACI International Inc                                                                           | CACI International Term Loan B (Incremental) 175 2033-02-18                 | CUSIP: 12718FAQ7<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | LON              | CORP              | US        |    160000 | PA      | $159800.00    | 0.03%             | 2033-02-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8492                                                                   | CUSIP: 3132DWNH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6548920 | PA      | $6463533.13   | 1.03%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | AXP V5.625 07/28/34                                                         | CUSIP: 025816DK2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1824183.32   | 0.29%             | 2034-07-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Gates Corporation                                                                                | Gates Industrial (Gates Global) Term Loan B 225 2031-05-19                  | CUSIP: 36740UAY8<br>LEI: 549300XI79MQJV13DW27 | Long             | LON              | CORP              | US        |    462986 | PA      | $462129.02    | 0.07%             | 2031-06-04      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                                          | CDEL 5.95 01/08/34 144A                                                     | CUSIP: 21987BBG2<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    776000 | PA      | $794135.12    | 0.13%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2023-CES2                                                                    | RCKT 2023-CES2 A1A                                                          | CUSIP: 748956AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    466753 | PA      | $468529.90    | 0.07%             | 2043-09-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Solstice Advanced Materials Inc.                                                                 | SOLADV 5.625 09/30/33 144A                                                  | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39441.69     | 0.01%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Kingdom Of Bahrain Acting Through Ministry Of Finance (The)                                      | BHRAIN 7.1 02/03/38 144A                                                    | CUSIP: 056909AB0<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | CORP              | BH        |    505000 | PA      | $473455.18    | 0.08%             | 2038-02-03      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 6.9 11/09/52                                                           | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    890000 | PA      | $840274.46    | 0.13%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 6 04/01/54                                                              | CUSIP: 404119CV9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    268000 | PA      | $258674.56    | 0.04%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc.                                                                      | MIZUHO 2.564 09/13/31                                                       | CUSIP: 60687YBU2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   1320000 | PA      | $1162710.94   | 0.19%             | 2031-09-13      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Viatris Inc                                                                                      | VTRS 2.3 06/22/27 144A                                                      | CUSIP: 91533BAC4<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |      1541 | PA      | $1494.23      | 0.00%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| VFI ABS 2025-1 LLC                                                                               | VFI 2025-1A C                                                               | CUSIP: 91824UAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1075000 | PA      | $1076463.72   | 0.17%             | 2031-04-24      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES 2021-SFR1 TRUST                                                                   | FKH 2021-SFR1 D                                                             | CUSIP: 33767WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $222432.98    | 0.04%             | 2038-08-19      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Light and Wonder International Inc                                                               | Light & Wonder (Scientific Games) Term Loan B 200 2029-04-01                | CUSIP: 80875AAY7<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    320000 | PA      | $319734.40    | 0.05%             | 2029-04-16      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                                                             | TURKEY 6.625 02/17/45 31Y                                                   | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    135000 | PA      | $114412.50    | 0.02%             | 2045-02-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PMT LOAN TRUST 2025-INV7                                                                         | PMTLT 2025-INV7 A7                                                          | CUSIP: 73015FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1028690 | PA      | $1038315.29   | 0.17%             | 2056-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Hungary (Republic Of)                                                                            | REPHUN 5.5 03/26/36 144A                                                    | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    215000 | PA      | $209087.50    | 0.03%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                              | ACAR 2024-4 C                                                               | CUSIP: 024945AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1052696.61   | 0.17%             | 2031-08-12      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 ISSUER TRUST                                                                      | UPXHI 2025-1 A                                                              | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    421310 | PA      | $419561.21    | 0.07%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                                              | CITADL 5.15 02/14/31 144A                                                   | CUSIP: 17287HAF7<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97646.60     | 0.02%             | 2031-02-14      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                                        | KSA 4.5 10/26/46 144A                                                       | CUSIP: 80413TAC3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    185000 | PA      | $149896.25    | 0.02%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY OPERATING LLC                                                                         | NGL 8.125 02/15/29 144A                                                     | CUSIP: 62922LAC2<br>LEI: 5493008CQD36WWZJ3O79 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82411.84     | 0.01%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ANZ GROUP HOLDINGS LTD                                                                           | ANZ V5.816 06/18/36 144A                                                    | CUSIP: 052528AV8<br>LEI: 9845005D9C6BAA10BK72 | Long             | DBT              | CORP              | AU        |   1410000 | PA      | $1434590.16   | 0.23%             | 2036-06-18      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.625 02/15/35                                                            | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7115000 | PA      | $7300101.14   | 1.17%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES 2024-1 LLC                                                            | PEAC 2024-1A B                                                              | CUSIP: 69433BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740000 | PA      | $755132.85    | 0.12%             | 2030-11-20      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2023-2                                                         | GSAR 2023-2A A3                                                             | CUSIP: 36269EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    353000 | PA      | $356552.52    | 0.06%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST 2019-2                                                                     | ARRW 2019-2 A1                                                              | CUSIP: 042858AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13392 | PA      | $13030.39     | 0.00%             | 2049-04-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                              | Medline Industries Term Loan B (Incremental) 200 2030-10-01                 | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    463178 | PA      | $463682.96    | 0.07%             | 2030-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                                                                      | BBVASM V8.125 01/08/39 144A                                                 | CUSIP: 07336UAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    263000 | PA      | $276294.65    | 0.04%             | 2039-01-08      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V6.377 06/08/34                                                         | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    810000 | PA      | $853628.32    | 0.14%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                                                 | DTMINC 4.375 06/15/31 144A                                                  | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1368783.38   | 0.22%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENEL Finance International N.V.                                                                  | ENELIM 5.5 06/26/34 144A                                                    | CUSIP: 29278GBE7<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    535000 | PA      | $543441.35    | 0.09%             | 2034-06-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                              | ALLY 8 11/01/31 *                                                           | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1435930.85   | 0.23%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                                       | EART 2025-4A B                                                              | CUSIP: 30167KAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1340000 | PA      | $1338481.11   | 0.21%             | 2030-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Dominican Republic                                                                               | DOMREP 4.875 09/23/32 144A                                                  | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    715000 | PA      | $659051.25    | 0.11%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                                   | BCRED 5.95 07/16/29                                                         | CUSIP: 09261HBN6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    750000 | PA      | $738917.12    | 0.12%             | 2029-07-16      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                                           | BPLN V4.875 PERP                                                            | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1290000 | PA      | $1273506.06   | 0.20%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ENEL Finance International N.V.                                                                  | ENELIM 7.5 10/14/32 144A                                                    | CUSIP: 29278GBA5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $450391.12    | 0.07%             | 2032-10-14      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                                   | SCHW V4 PERP H                                                              | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    559000 | PA      | $517095.78    | 0.08%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                              | KMI 5.85 06/01/35                                                           | CUSIP: 49456BBC4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    490000 | PA      | $513498.65    | 0.08%             | 2035-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                                   | FDX 5.25 03/15/36 144A                                                      | CUSIP: 314352AG0<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1441558.42   | 0.23%             | 2036-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                                                | Clarios (Power Solutions) Term Loan B (Incremental) 275 2032-01-07          | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |    402975 | PA      | $401564.59    | 0.06%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-A                                                                | CPS 2024-A C                                                                | CUSIP: 22411CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    517388 | PA      | $519896.67    | 0.08%             | 2030-04-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| TRICON AMERICAN HOMES 2020-SFR2                                                                  | TAH 2020-SFR2 D                                                             | CUSIP: 89613JAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310000 | PA      | $295577.84    | 0.05%             | 2039-11-17      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| METLIFE SECURITIZATION TRUST 2017-1                                                              | MST 2017-1A M1                                                              | CUSIP: 59166BAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $276463.38    | 0.04%             | 2055-04-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 7.69 01/23/50                                                         | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     93000 | PA      | $80584.50     | 0.01%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-HY2                                                               | TPMT 2019-HY2 M1                                                            | CUSIP: 89177HAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100080.16    | 0.02%             | 2058-05-28      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Composecure Holdings, L.L.C.                                                                     | CompoSecure/Husky Technologies Term Loan B 225 2032-12-31                   | CUSIP: 20459KAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    125000 | PA      | $124453.75    | 0.02%             | 2033-01-14      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Whitewater Matterhorn Holdings, LLC                                                              | WhiteWater Matterhorn Term Loan B 175 2032-06-01                            | CUSIP: 96618PAC0<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |    675000 | PA      | $670781.25    | 0.11%             | 2032-06-16      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                                       | PRU V5.125 03/01/52                                                         | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    247000 | PA      | $236348.15    | 0.04%             | 2052-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                           | TFC V5.867 06/08/34 MTN                                                     | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    580000 | PA      | $604317.98    | 0.10%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| EMD Finance LLC                                                                                  | MRKGR 5 10/15/35 144a                                                       | CUSIP: 26867LAR1<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1465184.95   | 0.23%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                           | COLOM 7.375 04/25/30                                                        | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    155000 | PA      | $160890.00    | 0.03%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Philippines (Republic Of)                                                                        | PHILIP 4.75 03/05/35                                                        | CUSIP: 718286DC8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    456000 | PA      | $437760.00    | 0.07%             | 2035-03-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RCO X MORTGAGE LLC 2026-1                                                                        | RCO 2026-1 A1                                                               | CUSIP: 74940DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1210000 | PA      | $1206248.27   | 0.19%             | 2031-03-25      | Fixed         | 5.54%                 | No            |                  3 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                            | FN MA5385                                                                   | CUSIP: 31418E6X3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3110387 | PA      | $2936288.46   | 0.47%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCK TRUST 2024-CNTR                                                                             | ROCC 2024-CNTR A                                                            | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    830000 | PA      | $843767.87    | 0.14%             | 2041-11-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.625 02/21/53                                                          | CUSIP: 126650DV9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    835000 | PA      | $765102.22    | 0.12%             | 2053-02-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Houston Galleria Mall Trust 2025-HGLR                                                            | HGMT 2025-HGLR A                                                            | CUSIP: 44216XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1480000 | PA      | $1512513.82   | 0.24%             | 2045-02-07      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc.                                                                                   | BLK 5.25 03/14/54                                                           | CUSIP: 09290DAC5<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $934845.31    | 0.15%             | 2054-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AES Corp.                                                                                        | AES V7.6 01/15/55                                                           | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    335000 | PA      | $332292.56    | 0.05%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Neptune BidCo US Inc.                                                                            | NLSN 9.29 04/15/29 144A                                                     | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    970000 | PA      | $972694.66    | 0.16%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                                     | UBS V4.988 08/05/33 144A                                                    | CUSIP: 902613AT5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    820000 | PA      | $816052.04    | 0.13%             | 2033-08-05      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 5.375 03/22/33                                                          | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    289000 | PA      | $282353.00    | 0.05%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                               | NWL 6.375 09/15/27                                                          | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    800000 | PA      | $803911.20    | 0.13%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OBX TRUST 2023-NQM10                                                                             | OBX 2023-NQM10 A1                                                           | CUSIP: 67449CAA9<br>LEI: 254900O44XNRXAW7W466 | Long             | ABS-O            | CORP              | US        |    353284 | PA      | $355552.35    | 0.06%             | 2063-10-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 938574                                                                   | CUSIP: 31412YFP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24375 | PA      | $24948.52     | 0.00%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Gray Media Inc.                                                                                  | GTN 7.25 08/15/33 144A                                                      | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    465000 | PA      | $468567.02    | 0.07%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD3238                                                                   | CUSIP: 3132DQS31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112808 | PA      | $113706.91    | 0.02%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                              | NEE V6.5 08/15/55 .                                                         | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1470493.13   | 0.24%             | 2055-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2017-3                                                                  | JPMMT 2017-3 2A2                                                            | CUSIP: 46647SBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333288 | PA      | $291325.13    | 0.05%             | 2047-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Uzbekistan (The Republic of)                                                                     | UZBEK 6.9 02/28/32 144A                                                     | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    266000 | PA      | $276155.88    | 0.04%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.625 07/15/34 144A                                                     | CUSIP: 86765KAN9<br>LEI: 5493006LL0CKP8WQW329 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78776.47     | 0.01%             | 2034-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 1.875 02/15/51                                                            | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1335000 | PA      | $741290.04    | 0.12%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                                                                   | Truist Insurance Holdings Term Loan B 275 2031-05-01                        | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    535000 | PA      | $526809.15    | 0.08%             | 2031-05-06      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                            | BELL 2025-1A A2I                                                            | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1435000 | PA      | $1412953.23   | 0.23%             | 2055-08-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2025-NQM2                                                                     | ADMT 2025-NQM2 A1                                                           | CUSIP: 00250EAC0<br>LEI: 9845004ECDEDFFFFC959 | Long             | ABS-O            | CORP              | US        |    994793 | PA      | $1000417.81   | 0.16%             | 2070-06-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| WSTN TR 2023-MAUI                                                                                | WSTN 2023-MAUI C                                                            | CUSIP: 92943AAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1360404.32   | 0.22%             | 2037-07-05      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS6679                                                                   | CUSIP: 3140XNM50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1701121 | PA      | $1742107.71   | 0.28%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                              | MEDIND 3.875 04/01/29 144A                                                  | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    945000 | PA      | $914156.90    | 0.15%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                                       | ALVGR V5.6 09/03/54 144A                                                    | CUSIP: 018820AD2<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    380000 | PA      | $376914.70    | 0.06%             | 2054-09-03      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)              | AER V6.95 03/10/55                                                          | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    322000 | PA      | $329559.60    | 0.05%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                                                 | DB V5.403 09/11/35                                                          | CUSIP: 251526CY3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1293379.10   | 0.21%             | 2035-09-11      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| Biomarin Pharmaceutical Inc.                                                                     | BIOMARIN PHARMACEUTICAL INC                                                 | CUSIP: 000000000<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | LON              | CORP              | US        |     55000 | PA      | $54828.40     | 0.01%             | 2033-01-28      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 323702                                                                   | CUSIP: 31374TRX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1819 | PA      | $1854.47      | 0.00%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc                                                                             | DELMFD L 08/02/28 4                                                         | CUSIP: 24521WAD1<br>LEI: 549300U9K7TD84Q24R17 | Long             | LON              | CORP              | US        |    144962 | PA      | $1449.62      | 0.00%             | 2028-08-02      | Floating      | 8.53%                 | No            |                  3 | On Loan: No      |
| BXG RECEIVABLES NOTE TRUST 2023-A                                                                | BXGNT 2023-A A                                                              | CUSIP: 123919AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129249 | PA      | $130910.27    | 0.02%             | 2038-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.625 12/31/30                                                            | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2940000 | PA      | $2900034.38   | 0.46%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-XL5 A                                                               | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    880251 | PA      | $881259.78    | 0.14%             | 2041-03-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                             | POLAND 5.375 02/12/35 10Y                                                   | CUSIP: 857524AH5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    204000 | PA      | $207366.00    | 0.03%             | 2035-02-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2017-2                                                       | NRZT 2017-2A A3                                                             | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    552371 | PA      | $535385.33    | 0.09%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FA1378                                                                   | CUSIP: 3140W1Q89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5841056 | PA      | $5532448.54   | 0.89%             | 2055-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NYMT LOAN TRUST 2024-CP1                                                                         | NYMT 2024-CP1 A1                                                            | CUSIP: 67118PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1018167 | PA      | $941853.95    | 0.15%             | 2068-02-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Imperial Fund Mortgage Trust 2022-NQM3                                                           | IMPRL 2022-NQM3 A1                                                          | CUSIP: 45276KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1298217 | PA      | $1293816.38   | 0.21%             | 2067-05-25      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.972 02/04/33 MTN                                                     | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1149620.62   | 0.18%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2026-ACES1                                                              | JPMMT 2026-ACES1 A1                                                         | CUSIP: 46664MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1314102 | PA      | $1306550.07   | 0.21%             | 2065-10-25      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                                   | SCHW V6.136 08/24/34                                                        | CUSIP: 808513CH6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    740000 | PA      | $787646.56    | 0.13%             | 2034-08-24      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                                    | ENBCN V8.5 01/15/84                                                         | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    759000 | PA      | $853933.44    | 0.14%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                                  | FR SD5594                                                                   | CUSIP: 3132DTGB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2549849 | PA      | $2569853.09   | 0.41%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                                     | BRAZIL 6.625 03/15/35                                                       | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    294000 | PA      | $300762.00    | 0.05%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Flowserve Corporation                                                                            | FLS 3.5 10/01/30                                                            | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1142936.88   | 0.18%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                                     | SRILAN 3.6 02/15/38 144A                                                    | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    245000 | PA      | $218968.75    | 0.04%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-2                                                                 | TPMT 2018-2 A2                                                              | CUSIP: 89175VAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    670000 | PA      | $653685.90    | 0.10%             | 2058-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                               | BX 2025-ROIC C                                                              | CUSIP: 05593VAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    854014 | PA      | $846562.52    | 0.14%             | 2030-03-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                                        | CRBG V6.875 12/15/52                                                        | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    455000 | PA      | $458444.46    | 0.07%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group, Inc.                                                                  | SBGI 8.125 02/15/33 144A                                                    | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    605000 | PA      | $615021.83    | 0.10%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                                        | CRBG V6.375 09/15/54                                                        | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1017231.43   | 0.16%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                                                                            | SWTCH 2024-2A A2                                                            | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1260000 | PA      | $1235100.89   | 0.20%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                                            | DTV 5.875 08/15/27 144A                                                     | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    296000 | PA      | $295688.08    | 0.05%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                                       | ACGCAP 6.375 07/15/30 144A                                                  | CUSIP: 05366DAA6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    325000 | PA      | $342075.86    | 0.05%             | 2030-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Cogeco Communications Finance (USA) LP                                                           | COGECO COMMUNICATIONS USA II LP                                             | CUSIP: 19239BAD0<br>LEI: 549300SM780G0XC48K12 | Long             | LON              | CORP              | US        |    393231 | PA      | $371953.69    | 0.06%             | 2030-09-18      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                                             | PANAMA 5.662 02/23/38                                                       | CUSIP: 698299CC6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    115000 | PA      | $110326.78    | 0.02%             | 2038-02-23      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                                         | VST 5.7 12/30/34 144A                                                       | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    880000 | PA      | $885291.44    | 0.14%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                                     | PEMEX 5.95 01/28/31                                                         | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    266000 | PA      | $254415.70    | 0.04%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALLO ISSUER LLC                                                                                  | ALLO 2025-1A A2                                                             | CUSIP: 01983KAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1204229.88   | 0.19%             | 2055-04-20      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2025-A                                                                | CPS 2025-A C                                                                | CUSIP: 12633SAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1220000 | PA      | $1230180.66   | 0.20%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.875 03/15/34 144A                                                     | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    245000 | PA      | $242293.71    | 0.04%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.25 01/31/30                                                             | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    980000 | PA      | $992403.13    | 0.16%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC                                                                   | RIVENT 6.25 10/15/30 144A                                                   | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139646.67    | 0.02%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                               | EOG 5.65 12/01/54                                                           | CUSIP: 26875PAW1<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    995000 | PA      | $969035.18    | 0.16%             | 2054-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 5.75 03/31/34 144A                                                      | CUSIP: 01309QAD0<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88051.17     | 0.01%             | 2034-03-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RIDE TRUST 2025-SHRE                                                                             | RIDE 2025-SHRE B                                                            | CUSIP: 765692AC2<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $915505.47    | 0.15%             | 2047-02-14      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                           | UAL 5.8 01/15/36                                                            | CUSIP: 90932LAJ6<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |    640171 | PA      | $658915.34    | 0.11%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                       | BATSLN 4.758 09/06/49                                                       | CUSIP: 05526DBK0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    245000 | PA      | $203141.65    | 0.03%             | 2049-09-06      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                           | COLOM 8.75 11/14/53                                                         | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    130000 | PA      | $139327.50    | 0.02%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                                                       | BAX 3.132 12/01/51                                                          | CUSIP: 071813CV9<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   2635000 | PA      | $1508439.16   | 0.24%             | 2051-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| DP World Ltd.                                                                                    | DPWDU 6.85 07/02/37 144A                                                    | CUSIP: 23330JAA9<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    175000 | PA      | $185914.75    | 0.03%             | 2037-07-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S ARTFI MASTER TRUST                                                                     | ARTFI 2026-1A A1                                                            | CUSIP: 83589DAA4<br>LEI: 549300P5BAAMQQ7VL735 | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1497665.85   | 0.24%             | 2033-06-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ELM TRUST 2024-ELM                                                                               | ELM 2024-ELM A10                                                            | CUSIP: 26860XAU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    897000 | PA      | $898769.33    | 0.14%             | 2039-06-10      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 3.137 11/15/35 144A                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    720000 | PA      | $611701.82    | 0.10%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                                       | ACGCAP 5.125 04/10/30 144A                                                  | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    485000 | PA      | $487526.66    | 0.08%             | 2030-04-10      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                              | ETR V7.125 12/01/54                                                         | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    715000 | PA      | $732644.77    | 0.12%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                               | RPRX 5.4 09/02/34                                                           | CUSIP: 78081BAR4<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   1450000 | PA      | $1461957.41   | 0.23%             | 2034-09-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.423 01/25/41                                                         | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    335000 | PA      | $328182.26    | 0.05%             | 2041-01-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                               | ET V6.5 PERP H                                                              | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229538.47    | 0.04%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.                                                  | SOBOCN V7.5 03/01/55                                                        | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    610000 | PA      | $635122.24    | 0.10%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                                     | BRAZIL 6 10/20/33                                                           | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    396000 | PA      | $396297.00    | 0.06%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 4.875 02/15/30 144A                                                     | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    965000 | PA      | $944577.27    | 0.15%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Energizer Holdings Inc                                                                           | Energizer Holdings Term Loan B 200 2032-02-01                               | CUSIP: 29267YAW2<br>LEI: 5493000D6NN0V57UME20 | Long             | LON              | CORP              | US        |    177570 | PA      | $176903.88    | 0.03%             | 2032-03-13      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CQP Holdco LP                                                                                    | CQP Holdco Term Loan B 175 2032-12-01                                       | CUSIP: 12657QAF0<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |    420000 | PA      | $417639.60    | 0.07%             | 2032-12-31      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4 11/15/52                                                                | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2800000 | PA      | $2405703.13   | 0.39%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                              | MTH 3.875 04/15/29 144A                                                     | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    893000 | PA      | $869058.12    | 0.14%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE 2022-1 TRUST                                                           | CAFL 2022-1 A                                                               | CUSIP: 21873EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    356569 | PA      | $357636.88    | 0.06%             | 2055-06-17      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANCE AUTO LOAN TRUST 2024-1                                                         | CAALT 2024-1A A                                                             | CUSIP: 22537GAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    488000 | PA      | $490108.79    | 0.08%             | 2034-03-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                                                                                | DINO 6.25 01/15/35                                                          | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1476512.97   | 0.24%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Blackfin Pipeline LLC                                                                            | Blackfin Pipeline Term Loan B 300 2032-09-21                                | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |    523688 | PA      | $525813.67    | 0.08%             | 2032-09-29      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| PETRONAS Capital Ltd.                                                                            | PETMK 5.848 04/03/55 144A                                                   | CUSIP: 716743AX7<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    346000 | PA      | $353985.68    | 0.06%             | 2055-04-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8418                                                                   | CUSIP: 3132DWK77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5090879 | PA      | $4915469.08   | 0.79%             | 2054-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 590108                                                                   | CUSIP: 31387PR53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       878 | PA      | $922.43       | 0.00%             | 2031-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                        | IVYCST 8.25 01/30/37 144A                                                   | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    160000 | PA      | $163776.93    | 0.03%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                                        | APODS 5.875 08/30/30                                                        | CUSIP: 03770DAK9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    865000 | PA      | $851391.47    | 0.14%             | 2030-08-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2015-6                                                                 | TPMT 2015-6 B2                                                              | CUSIP: 89172RAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    635000 | PA      | $596990.81    | 0.10%             | 2055-04-25      | Variable      | 3.77%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                                                                       | BLDR 6.375 03/01/34 144A                                                    | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468928.03    | 0.08%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FONTAINEBLEAU MIAMI BEACH TRUST 2024-FBLU                                                        | FMBT 2024-FBLU A                                                            | CUSIP: 34461WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660000 | PA      | $659793.75    | 0.11%             | 2039-12-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2024-2                                                             | LBZZ 2024-2A A2                                                             | CUSIP: 525920AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1378639 | PA      | $1386749.49   | 0.22%             | 2029-05-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST 2022-1                                                                     | ARRW 2022-1 A1B                                                             | CUSIP: 042855AL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $256429.04    | 0.04%             | 2056-12-25      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Perusahaan Listrik Negara PT                                                                     | PLNIJ 5.45 05/21/28 144A                                                    | CUSIP: 71568PAE9<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    146000 | PA      | $147387.00    | 0.02%             | 2028-05-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8343                                                                   | CUSIP: 3132DWHU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    969459 | PA      | $993988.55    | 0.16%             | 2053-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                                   | ATWALD 5.25 01/15/33                                                        | CUSIP: 049463AH5<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1423652.49   | 0.23%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ineos Finance PLC                                                                                | Ineos Group Term Loan B 325 2030-02-01                                      | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    192741 | PA      | $167363.10    | 0.03%             | 2030-02-19      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                                         | EDF 6.25 05/23/33 144A                                                      | CUSIP: 28504DAC7<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $214041.93    | 0.03%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-1                                                       | NRZT 2018-1A A1A                                                            | CUSIP: 64830GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    289038 | PA      | $281876.71    | 0.05%             | 2057-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment Public Limited Company                                                     | Flutter Entertainment Term Loan B 175 2030-11-01                            | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | US        |    268812 | PA      | $265452.34    | 0.04%             | 2030-11-30      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines Pass Through Trust 2020-1A                                                       | ALK 4.8 08/15/27 144A                                                       | CUSIP: 01166VAA7<br>LEI: PG4W4UTDTMMEBRGLO537 | Long             | ABS-O            | CORP              | US        |    583086 | PA      | $583163.86    | 0.09%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VISIO 2020-1R TRUST                                                                              | VISIO 2020-1R A2                                                            | CUSIP: 92837MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20959 | PA      | $20333.42     | 0.00%             | 2055-11-25      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| ARROYO MORTGAGE TRUST 2020-1                                                                     | ARRW 2020-1 A3                                                              | CUSIP: 04285CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1410000 | PA      | $1301903.62   | 0.21%             | 2055-03-25      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE 2020-3 TRUST                                                           | CAFL 2020-3 A                                                               | CUSIP: 21873CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11427 | PA      | $11366.79     | 0.00%             | 2053-08-15      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| VISIO 2021-1R TRUST                                                                              | VISIO 2021-1R A1                                                            | CUSIP: 92837UAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    136967 | PA      | $128119.25    | 0.02%             | 2056-05-25      | Fixed         | 1.28%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Corporation                                                                    | OMF 6.75 03/15/32                                                           | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    590000 | PA      | $572440.01    | 0.09%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc.                                                                    | UVN 8 08/15/28 144A                                                         | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1040366.80   | 0.17%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2019-Inv3                                                             | VERUS 2023-8 A1                                                             | CUSIP: 92540DAA3<br>LEI: 213800DTJD5UKJR53O34 | Long             | ABS-O            | CORP              | US        |    837031 | PA      | $841096.84    | 0.13%             | 2068-12-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| Oak-Eagle AcquireCo Inc.                                                                         | EA 7.25 07/01/33 144A                                                       | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119150.86    | 0.02%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                                              | Hilcorp Energy Term Loan B 200 2030-01-26                                   | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |    153450 | PA      | $153258.19    | 0.02%             | 2030-02-11      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V1.953 02/04/32                                                         | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    685000 | PA      | $603140.66    | 0.10%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2018-2                                                                     | ARRW 2019-1 A1                                                              | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31629 | PA      | $30848.58     | 0.00%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE ISSUER TRUST 2025-A                                                                 | AQFIT 2025-A A                                                              | CUSIP: 038394AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    835141 | PA      | $845345.58    | 0.14%             | 2050-12-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD                                                                    | MFCC 2024-2A A                                                              | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    720000 | PA      | $721178.21    | 0.12%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust 2014/1                                              | ACAR 2025-1 C                                                               | CUSIP: 02528DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1320000 | PA      | $1327105.82   | 0.21%             | 2031-08-12      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                                                             | PANAMA 8 03/01/38                                                           | CUSIP: 698299BY9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    236000 | PA      | $270526.80    | 0.04%             | 2038-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Construction Partners Inc                                                                        | Construction Partners Term Loan B 250 2031-10-20                            | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |    478938 | PA      | $478190.36    | 0.08%             | 2031-11-03      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                                          | BHI 5.85 06/15/56                                                           | CUSIP: 05724BAQ2<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1531418.61   | 0.25%             | 2056-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust 2013-2                                                       | EART 2024-5A B                                                              | CUSIP: 30165BAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000955 | PA      | $1002074.16   | 0.16%             | 2029-04-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                            | ROMANI 6.625 05/16/36 144A                                                  | CUSIP: 77586RAX8<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    236000 | PA      | $234121.44    | 0.04%             | 2036-05-16      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| APPLEBEE'S FUNDING LLC                                                                           | DIN 2023-1A A2                                                              | CUSIP: 03789XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1044000 | PA      | $1052421.22   | 0.17%             | 2053-03-05      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                                                                   | MVWOT 2020-1A A                                                             | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     71885 | PA      | $71169.90     | 0.01%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                                  | FR SD5856                                                                   | CUSIP: 3132DTQH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4666921 | PA      | $4282374.40   | 0.69%             | 2054-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Stellantis Finance Us Inc                                                                        | STLA 6.45 03/18/35 144A                                                     | CUSIP: 85855CAL4<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1113121.82   | 0.18%             | 2035-03-18      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.625 05/15/54                                                            | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5930000 | PA      | $5654116.00   | 0.90%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc                                                                     | APO V6 12/15/54                                                             | CUSIP: 03769MAD8<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |   1420000 | PA      | $1331391.43   | 0.21%             | 2054-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                              | D V7 06/01/54 B                                                             | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    380000 | PA      | $401922.20    | 0.06%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Metronet Infrastructure Issuer LLC.                                                              | MNET 2025-2A A2                                                             | CUSIP: 59170JAX6<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   1065000 | PA      | $1074138.66   | 0.17%             | 2055-08-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| JH North America Holdings Inc.                                                                   | JHXAU 6.125 07/31/32 144A                                                   | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |   1575000 | PA      | $1568723.31   | 0.25%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.125 02/15/36                                                            | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4975000 | PA      | $4897265.63   | 0.78%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DEXT ABS 2023-2 LLC                                                                              | DEXT 2023-2 B                                                               | CUSIP: 25216CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    465000 | PA      | $470034.69    | 0.08%             | 2034-05-15      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V6.254 10/23/34                                                         | CUSIP: 46647PDY9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1231119.58   | 0.20%             | 2034-10-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                                                  | TMHC 5.75 11/15/32 144A                                                     | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40035.00     | 0.01%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE 2024-1 LLC                                                           | PREF 2024-1A A2                                                             | CUSIP: 737473AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111988 | PA      | $112253.24    | 0.02%             | 2029-11-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| LENDMARK FUNDING TRUST 2025-3                                                                    | LFT 2025-3A A                                                               | CUSIP: 525951AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1175000 | PA      | $1166849.97   | 0.19%             | 2035-05-21      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                               | BANORT V8.375 PERP 144a                                                     | CUSIP: 05971PAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    111000 | PA      | $114552.00    | 0.02%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                           | MRVL 5.45 07/15/35                                                          | CUSIP: 573874AS3<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1051673.69   | 0.17%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing Inc                                                                | AMERICAN AXLE & MFG INC                                                     | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    282150 | PA      | $280564.32    | 0.04%             | 2033-02-03      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                                   | MEX 5.85 07/02/32                                                           | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    290000 | PA      | $293045.00    | 0.05%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Cloud Software Group Inc.                                                                        | TIBX 9 09/30/29 144A                                                        | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $974320.34    | 0.16%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                                                      | DKS 4.1 01/15/52                                                            | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1097848.49   | 0.18%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| 180 Medical Inc.                                                                                 | CTECLN 5.3 10/08/35 144a                                                    | CUSIP: 682357AB4<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1421440.51   | 0.23%             | 2035-10-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Costa Rica (Republic Of)                                                                         | COSTAR 7.3 11/13/54 144A                                                    | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     65000 | PA      | $70525.00     | 0.01%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2021-NMR1                                                          | MCMLT 2021-NMR1 A1                                                          | CUSIP: 59982HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     41715 | PA      | $40294.94     | 0.01%             | 2060-11-25      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB1 TRUST                                                                              | OBX 2024-HYB1 A1                                                            | CUSIP: 67448MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    516418 | PA      | $516874.19    | 0.08%             | 2053-03-25      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2023-1                                                                  | AOMT 2023-1 A1                                                              | CUSIP: 03465WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1881613 | PA      | $1876056.46   | 0.30%             | 2067-09-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| OASIS SECURITISATION 24-1A                                                                       | OASIS 2024-1A A                                                             | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    965000 | PA      | $962438.99    | 0.15%             | 2038-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2023-D                                                                | CPS 2023-D C                                                                | CUSIP: 12598VAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350555 | PA      | $353545.97    | 0.06%             | 2030-01-15      | Fixed         | 7.17%                 | No            |                  2 | On Loan: No      |
| Costa Rica (Republic Of)                                                                         | COSTAR 6.55 04/03/34 144A                                                   | CUSIP: 221597CR6<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    110000 | PA      | $116022.50    | 0.02%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                          | BAH 4 07/01/29 144A                                                         | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    275000 | PA      | $266083.82    | 0.04%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                          | BAH 3.875 09/01/28 144A                                                     | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    465000 | PA      | $452897.47    | 0.07%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ROCK TRUST 2024-CNTR                                                                             | ROCC 2024-CNTR C                                                            | CUSIP: 74970WAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $927416.07    | 0.15%             | 2041-11-15      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| SIERRA TIMESHARE 2023-2 RECEIVABLES FUNDING LLC                                                  | SRFC 2023-2A B                                                              | CUSIP: 82650BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87071 | PA      | $88953.51     | 0.01%             | 2040-04-20      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc                                                                                | Nexstar Broadcasting Term Loan B 250 2032-06-14                             | CUSIP: 65336RBB3<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    766150 | PA      | $757255.00    | 0.12%             | 2032-06-28      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                          | KEY V6.401 03/06/35                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    245000 | PA      | $259759.26    | 0.04%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2022-2                                                                           | REACH 2025-2A B                                                             | CUSIP: 75525QAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1315000 | PA      | $1316967.37   | 0.21%             | 2032-08-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH                                               | BANORT V5.875 PERP 144a                                                     | CUSIP: 05973KAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    207000 | PA      | $204549.12    | 0.03%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC                                                                                 | CHTR 4.75 03/01/30 144A                                                     | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $635745.69    | 0.10%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.125 08/15/53                                                            | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6110000 | PA      | $5358183.56   | 0.86%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                                        | APODS 6.9 04/13/29                                                          | CUSIP: 03770DAB9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    370000 | PA      | $378580.89    | 0.06%             | 2029-04-13      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp                                                                            | Playtika Term Loan B 275 2028-02-25                                         | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |    565535 | PA      | $531365.61    | 0.09%             | 2028-03-13      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                               | STT V6.123 11/21/34                                                         | CUSIP: 857477CG6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1104233.48   | 0.18%             | 2034-11-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 3 08/15/48                                                                | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3115000 | PA      | $2286117.97   | 0.37%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE 2019-3 TRUST                                                           | CAFL 2019-3 C                                                               | CUSIP: 21872NAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $206075.28    | 0.03%             | 2052-10-18      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 6.2 03/15/40                                                            | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    610000 | PA      | $623013.74    | 0.10%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JERSEY MIKE'S FUNDING LLC                                                                        | JMIKE 2026-1A A2I                                                           | CUSIP: 476681AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $591782.82    | 0.09%             | 2056-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MIRA TRUST 2023-MILE                                                                             | M1RA 2023-MILE A                                                            | CUSIP: 55318EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $821203.12    | 0.13%             | 2038-06-11      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 6.484 10/23/45                                                         | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1440000 | PA      | $1327629.64   | 0.21%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS4991                                                                   | CUSIP: 3140XLRM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1321520 | PA      | $1162023.79   | 0.19%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2019-1                                                             | MCMLT 2019-1 M2                                                             | CUSIP: 59981AAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    154715 | PA      | $143449.07    | 0.02%             | 2069-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                             | RKT 6.375 08/01/33 144A                                                     | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $520533.16    | 0.08%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2014-1                                                       | NRZT 2014-1A A                                                              | CUSIP: 64828AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33617 | PA      | $32687.48     | 0.01%             | 2054-01-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 1.875 11/15/51                                                            | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    940000 | PA      | $516375.78    | 0.08%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                      | GBLATL 7.95 06/15/33 144A                                                   | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    606000 | PA      | $649900.95    | 0.10%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Ajax Mortgage Loan Trust 2019-D                                                                  | AJAXM 2019-D A1                                                             | CUSIP: 00968FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    594719 | PA      | $573418.12    | 0.09%             | 2065-09-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| Virtus ETF Trust II                                                                              | Virtus Newfleet Securitized Income ETF                                      | CUSIP: 92790A603<br>LEI: 549300OXQOLOW6OELM19 | Long             | EC               | RF                | US        |    209046 | NS      | $5054941.33   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V3.98 03/20/30                                                            | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    465000 | PA      | $457495.05    | 0.07%             | 2030-03-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V6.491 10/23/34                                                         | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1808198.96   | 0.29%             | 2034-10-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB6857                                                                   | CUSIP: 3140QSTP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2282341 | PA      | $2210173.09   | 0.35%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                                                                            | Citadel Enterprise Term Loan B 200 2031-10-01                               | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    486230 | PA      | $486502.62    | 0.08%             | 2031-10-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS ESCROW LLC                                                                            | FGP 5.875 04/01/29 144A                                                     | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    815000 | PA      | $779138.13    | 0.12%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                                        | SOBOCN 6.176 10/01/54                                                       | CUSIP: 83007CAH5<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    435000 | PA      | $414125.60    | 0.07%             | 2054-10-01      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST 2023-3                                                                       | DTAOT 2023-3A C                                                             | CUSIP: 23345WAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    177549 | PA      | $178866.62    | 0.03%             | 2029-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                                                                 | KMI 7.5 11/15/40                                                            | CUSIP: 28370TAD1<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    215000 | PA      | $249218.27    | 0.04%             | 2040-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bayport Polymers LLC                                                                             | BRLS 5.14 04/14/32 144A                                                     | CUSIP: 073096AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    855000 | PA      | $846183.65    | 0.14%             | 2032-04-14      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Kenya (Republic of)                                                                              | KENINT 7.875 10/09/33 144A                                                  | CUSIP: 491798AP9<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    380000 | PA      | $352925.00    | 0.06%             | 2033-10-09      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 3.625 05/15/53                                                            | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7550000 | PA      | $6053861.35   | 0.97%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Science Applications International Corp.                                                         | SAIC 4.875 04/01/28 144A                                                    | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    285000 | PA      | $280476.11    | 0.04%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                                              | ABT 5.5 03/15/56                                                            | CUSIP: 002824BW9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    596000 | PA      | $584394.16    | 0.09%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                                                                                 | Endeavor Term Loan B 300 2032-01-15                                         | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    193538 | PA      | $192618.20    | 0.03%             | 2032-03-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL EQUIP FIN 2024-1 LLC                                                                  | CEFI 2024-1A A                                                              | CUSIP: 20166RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    253004 | PA      | $254516.34    | 0.04%             | 2029-07-16      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| SCALELOGIX ABS US ISSUER LLC                                                                     | SCLGX 2025-1A A2                                                            | CUSIP: 80587FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1327416.66   | 0.21%             | 2055-07-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| JP MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES TRUST 2024-OMNI                                   | JPMCC 2024-OMNI A                                                           | CUSIP: 46593JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1115000 | PA      | $1125168.58   | 0.18%             | 2039-10-07      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2023-4                                                                | LADAR 2023-4A C                                                             | CUSIP: 50571AAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    466000 | PA      | $476363.75    | 0.08%             | 2029-03-15      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| NLT 2021-INV2 TRUST                                                                              | NLT 2021-INV2 A1                                                            | CUSIP: 62917JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112480 | PA      | $98675.03     | 0.02%             | 2056-08-25      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| HOMES 2023-NQM2 TRUST                                                                            | HOMES 2023-NQM2 A1                                                          | CUSIP: 43761KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1020381 | PA      | $1018369.16   | 0.16%             | 2068-02-25      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                                                       | AMNPHA 6.875 08/01/32 144A                                                  | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36030.68     | 0.01%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AAdvantage Loyality IP Ltd (American Airlines Inc)                                               | American Airlines Term Loan B 225 2028-04-01                                | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    332488 | PA      | $328903.28    | 0.05%             | 2028-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.576 07/23/36                                                         | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    525000 | PA      | $531670.81    | 0.09%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                                         | APTV V6.875 12/15/54                                                        | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    100000 | PA      | $100931.77    | 0.02%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                                                          | Talen Energy Supply Term Loan B (Incremental) 200 2032-10-04                | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |    164588 | PA      | $164557.87    | 0.03%             | 2032-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                                                                       | DAEAVI L 10/31/31 19                                                        | CUSIP: 26812CAP1<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    108616 | PA      | $108567.00    | 0.02%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| OWN EQUIPMENT FUND I LLC                                                                         | EQS 2024-2M A                                                               | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    851084 | PA      | $856198.30    | 0.14%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.717 09/14/33                                                         | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    435000 | PA      | $450385.63    | 0.07%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Select Medical Corporation                                                                       | Select Medical Term Loan B 200 2031-11-11                                   | CUSIP: 816194AY0<br>LEI: 549300X05KS0JKR8CB50 | Long             | LON              | CORP              | US        |    375250 | PA      | $372435.63    | 0.06%             | 2031-12-03      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Global Infrastructure Solutions Inc.                                                             | GOINSO 7.5 04/15/32 144A                                                    | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    215000 | PA      | $224149.76    | 0.04%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                          | BPCEGP V7.003 10/19/34 144A                                                 | CUSIP: 05571AAS4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    820000 | PA      | $896163.13    | 0.14%             | 2034-10-19      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BrightView Landscapes LLC                                                                        | BrightView Landscapes (fka Brickman) Term Loan B 200 2029-04-01             | CUSIP: 10801XAL1<br>LEI: 549300OSAEQC89PVOW06 | Long             | LON              | CORP              | US        |    590000 | PA      | $587539.70    | 0.09%             | 2029-04-20      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                                        | TD V8.125 10/31/82                                                          | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    845000 | PA      | $871757.77    | 0.14%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.25 05/15/35                                                             | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5230000 | PA      | $5216107.81   | 0.83%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2023-1                                                                 | TPMT 2023-1 A1                                                              | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1134379 | PA      | $1083983.15   | 0.17%             | 2063-01-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Amentum Holdings LLC                                                                             | Amentum (AECOM management business) Term Loan B 225 2031-07-22              | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    397500 | PA      | $397170.08    | 0.06%             | 2031-09-29      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Databank Issuer LLC / Databank Co-Issuer LLC                                                     | COLO 2026-1A A2                                                             | CUSIP: 23802WAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1242176.88   | 0.20%             | 2056-02-25      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                                                             | MTB V5.4 07/30/35                                                           | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1106429.72   | 0.18%             | 2035-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                              | FITB V4.337 04/25/33                                                        | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    910000 | PA      | $876944.46    | 0.14%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                               | VRT 5.65 03/15/46                                                           | CUSIP: 92537NAB4<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |    280000 | PA      | $267061.80    | 0.04%             | 2046-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Morocco (Kingdom of)                                                                             | MOROC 3 12/15/32 144A                                                       | CUSIP: 617726AL8<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    311000 | PA      | $266682.50    | 0.04%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Finance Co.                                                                      | GBLATL V7.95 10/15/54 144A                                                  | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    170000 | PA      | $163686.52    | 0.03%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Bahrain (Kingdom of)                                                                             | BHRAIN 5.625 05/18/34 144A                                                  | CUSIP: 05675M2J2<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    102000 | PA      | $89862.00     | 0.01%             | 2034-05-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                                                                          | Belron Term Loan B 200 2031-10-01                                           | CUSIP: 08078UAQ6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    453132 | PA      | $452678.45    | 0.07%             | 2031-10-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                           | COLOM 7.75 11/07/36                                                         | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    235000 | PA      | $240416.75    | 0.04%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Dynasty Acquisition Co Inc                                                                       | DYNASTY ACQUISITION CO INC                                                  | CUSIP: 26812CAN6<br>LEI: 549300L1RCRPOAUCB870 | Long             | LON              | CORP              | US        |    285555 | PA      | $285426.20    | 0.05%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.25 02/15/54                                                             | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9175000 | PA      | $8218792.97   | 1.32%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Banco de Credito del Peru                                                                        | BCP V6.45 07/30/35 144A                                                     | CUSIP: 05971U2J5<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    148000 | PA      | $149110.00    | 0.02%             | 2035-07-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Windsor Holdings III LLC                                                                         | UNVR 8.5 06/15/30 144A                                                      | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    180000 | PA      | $186456.78    | 0.03%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                                         | FLTR 5.875 06/04/31 144A                                                    | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1360000 | PA      | $1347338.40   | 0.22%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA LLC                                                                             | ASHWOO 4.625 04/01/30 144A                                                  | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $519752.69    | 0.08%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                                                                          | UKG Term Loan B 350 2031-01-20                                              | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    367226 | PA      | $350381.51    | 0.06%             | 2031-02-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.948 01/19/38                                                          | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    378000 | PA      | $387227.49    | 0.06%             | 2038-01-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                                       | PPC 6.25 07/01/33                                                           | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1122000 | PA      | $1174935.96   | 0.19%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MV Holding GmbH FKA Igloo Holdings Corp                                                          | Minimax Viking Term Loan B 225 2032-02-09                                   | CUSIP: 55404TAF9<br>LEI: 549300Z5C6IXF1KV0Z78 | Long             | LON              | CORP              | US        |    377157 | PA      | $377157.12    | 0.06%             | 2032-03-17      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GIP Pilot Acquisition Partners LP                                                                | GIP Pilot Acquisition Partners Term Loan B 200 2030-10-01                   | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |    494574 | PA      | $494450.76    | 0.08%             | 2030-10-04      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| SKECHERS U.S.A. INC. (Beach Acquisition Bidco)                                                   | SKX L 09/13/32 1                                                            | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    139650 | PA      | $139824.56    | 0.02%             | 2032-09-13      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2021-E                                                 | NAVSL 2021-EA A                                                             | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115691 | PA      | $103527.87    | 0.02%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                 | PM 5.375 02/15/33                                                           | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1048297.35   | 0.17%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                                 | AMCR 5.65 01/15/34                                                          | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1380678.59   | 0.22%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                                                                    | Life Time Fitness Term Loan B 200 2031-11-01                                | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |    350677 | PA      | $350347.63    | 0.06%             | 2031-11-05      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                                        | XYZ 6.5 05/15/32                                                            | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    280000 | PA      | $282556.68    | 0.05%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Flex Ltd.                                                                                        | FLEX 5.375 11/13/35                                                         | CUSIP: 33938XAG0<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   1480000 | PA      | $1447721.20   | 0.23%             | 2035-11-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 3.875 05/15/43                                                            | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1440000 | PA      | $1276256.25   | 0.20%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                                          | INDON 5.6 01/15/35                                                          | CUSIP: 455780EA0<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    116000 | PA      | $117722.60    | 0.02%             | 2035-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CSC Holdings, LLC                                                                                | CSCHLD 11.75 01/31/29 144A                                                  | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    305000 | PA      | $220559.23    | 0.04%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2018-2                                                      | DRMT 2025-INV1 A1                                                           | CUSIP: 24382EAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    771060 | PA      | $768836.39    | 0.12%             | 2060-11-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                                   | TCBI V5.301 02/27/32                                                        | CUSIP: 88224QAC1<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492977.53    | 0.08%             | 2032-02-27      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Kodiak Gas Services LLC                                                                          | KGS 6.75 10/01/35 144A                                                      | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    355000 | PA      | $360648.76    | 0.06%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                             | GLENLN 2.85 04/27/31 144A                                                   | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    225000 | PA      | $204789.30    | 0.03%             | 2031-04-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.424 07/21/34 MTN                                                      | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1785800.33   | 0.29%             | 2034-07-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP                                                                                | POWSOL 6.75 02/15/30 144A                                                   | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $30675.00     | 0.00%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                             | ANGOL 9.244 01/15/31 144A                                                   | CUSIP: 035198AH3<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    238000 | PA      | $240603.13    | 0.04%             | 2031-01-15      | Fixed         | 9.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN MA5791                                                                   | CUSIP: 31418FNH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3658636 | PA      | $3610837.81   | 0.58%             | 2055-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                                     | BACR V5.335 09/10/35                                                        | CUSIP: 06738ECV5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    260000 | PA      | $257659.97    | 0.04%             | 2035-09-10      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.55 02/06/53                                                          | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    380000 | PA      | $303187.15    | 0.05%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V4.939 10/21/36                                                          | CUSIP: 38141GD43<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    575000 | PA      | $556839.10    | 0.09%             | 2036-10-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                                           | FANG 5.9 04/18/64                                                           | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    955000 | PA      | $903657.86    | 0.14%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2017-4                                                                  | JPMMT 2017-4 A13                                                            | CUSIP: 46648UAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1742886 | PA      | $1588048.34   | 0.25%             | 2048-11-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM3                                                                     | ADMT 2023-NQM3 A1                                                           | CUSIP: 00249FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    780675 | PA      | $783328.66    | 0.13%             | 2068-07-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-6                                                                 | TPMT 2018-6 A2                                                              | CUSIP: 89176LAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $553436.34    | 0.09%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V2.687 04/22/32                                                         | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    455000 | PA      | $412329.44    | 0.07%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                           | FABSJV 5.875 01/25/34                                                       | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    995000 | PA      | $1007435.32   | 0.16%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bojangles Inc                                                                                    | BOJA 2024-1A A2                                                             | CUSIP: 09748RAC2<br>LEI: 549300V7MGDZ6K056B43 | Long             | ABS-O            | CORP              | US        |   1044750 | PA      | $1050951.22   | 0.17%             | 2054-11-20      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| Red SPV LLC                                                                                      | RED SPV LLC                                                                 | CUSIP: 75701MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    461512 | PA      | $460358.72    | 0.07%             | 2032-03-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL0627                                                                   | CUSIP: 31427MVV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2185069 | PA      | $2231889.61   | 0.36%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Smurfit Kappa Treasury Unlimited Company                                                         | SW 5.777 04/03/54                                                           | CUSIP: 83272GAF8<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |   1270000 | PA      | $1226394.42   | 0.20%             | 2054-04-03      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| RFR TRUST 2025-SGRM                                                                              | RFR 2025-SGRM A                                                             | CUSIP: 74984NAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140000 | PA      | $1153446.41   | 0.18%             | 2041-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sempra Infrastructure Partners LP                                                                | SMPINF 3.25 01/15/32 144A                                                   | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |    339000 | PA      | $299556.47    | 0.05%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Kazakhstan (Republic Of)                                                                         | KAZAKS 5.5 07/01/37 144A                                                    | CUSIP: 486661BP5<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    502000 | PA      | $502878.50    | 0.08%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Genmab AS And Genmab Finance LLC                                                                 | GMABDC 6.25 12/15/32 144A                                                   | CUSIP: 37230JAA0<br>LEI: 529900MTJPDPE4MHJ122 | Long             | DBT              | CORP              | DK        |     55000 | PA      | $56387.76     | 0.01%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FLAGSTAR MORTGAGE TRUST 2017-1                                                                   | FSMT 2017-1 1A3                                                             | CUSIP: 33850BAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30743 | PA      | $28085.58     | 0.00%             | 2047-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.5 11/15/54                                                              | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3155000 | PA      | $2947460.16   | 0.47%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                                       | ACGCAP 4.875 01/28/33 144A                                                  | CUSIP: 05369AAU5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    500000 | PA      | $482504.24    | 0.08%             | 2033-01-28      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Froneri International Limited                                                                    | Froneri Term Loan B 200 2031-09-02                                          | CUSIP: 000000000<br>LEI: 213800NRSZ1N2Y6LEX44 | Long             | LON              | CORP              | US        |    549175 | PA      | $537449.65    | 0.09%             | 2031-09-30      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions)                      | PRIME SECURITY SERVICES BOR                                                 | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    336103 | PA      | $334301.40    | 0.05%             | 2030-10-13      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Pegasus Bidco Bv                                                                                 | PEGASUS BIDCO BV                                                            | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | US        |    264334 | PA      | $263094.44    | 0.04%             | 2029-07-12      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc                                                                            | PHOENIX GUARANTOR INC                                                       | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |    332857 | PA      | $332683.99    | 0.05%             | 2031-02-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                            | ROMANI 5.875 01/30/29 144A                                                  | CUSIP: 77586RAT7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    422000 | PA      | $424185.96    | 0.07%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Post Holdings Inc.                                                                               | POST 6.375 03/01/33 144A                                                    | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    375000 | PA      | $369428.51    | 0.06%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                             | POLAND 4.875 10/04/33 10Y                                                   | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    470000 | PA      | $468980.10    | 0.08%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance PLC                                                             | TRFIG 2024-1A A2                                                            | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |   1205000 | PA      | $1206765.33   | 0.19%             | 2027-11-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2020-MH1                                                               | TPMT 2020-MH1 A2                                                            | CUSIP: 89178YAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $391709.80    | 0.06%             | 2060-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| AUGUSTA SPINCO CORP                                                                              | WAT 5.245 03/23/36                                                          | CUSIP: 051473AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $285068.33    | 0.05%             | 2036-03-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2020-1                                                                       | RCKT 2020-1 A1                                                              | CUSIP: 749389AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89803 | PA      | $78450.68     | 0.01%             | 2050-02-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST 2025-1                                                                     | CCG 2025-1 C                                                                | CUSIP: 12515XAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1195000 | PA      | $1199899.98   | 0.19%             | 2032-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2018-2                                                       | NRZT 2018-2A A1                                                             | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-O            | CORP              | US        |     63212 | PA      | $62416.80     | 0.01%             | 2058-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 2.875 05/15/52                                                            | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    985000 | PA      | $683112.89    | 0.11%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2024-2                                                                           | REACH 2024-2A B                                                             | CUSIP: 75525HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008852.10   | 0.16%             | 2031-07-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                                                                   | PHM 4.9 03/01/36                                                            | CUSIP: 745867AZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1463596.69   | 0.23%             | 2036-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.33 07/23/35                                                           | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1219114.65   | 0.20%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| APA Corp.                                                                                        | APA 6.75 02/15/55                                                           | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $1237535.76   | 0.20%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Gartner Inc.                                                                                     | IT 3.75 10/01/30 144A                                                       | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1445768.14   | 0.23%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ZAXBYS FUNDING LLC                                                                               | ZAXBY 2021-1A A2                                                            | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2096225 | PA      | $1988599.57   | 0.32%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                                                             | TURKEY 7.25 05/29/32                                                        | CUSIP: 900123DQ0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    310000 | PA      | $310610.70    | 0.05%             | 2032-05-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PMT Loan Trust 2024-INV2                                                                         | PMTLT 2024-INV2 A1                                                          | CUSIP: 73015CAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361903 | PA      | $365747.82    | 0.06%             | 2059-12-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORT TR 2025-CES1                                                                      | JPMMT 2025-CES1 A1                                                          | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-O            | CORP              | US        |    568520 | PA      | $570919.67    | 0.09%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                                       | BATSLN 4.39 08/15/37                                                        | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    245000 | PA      | $222591.81    | 0.04%             | 2037-08-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2019-OC11 D                                                              | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1135000 | PA      | $1072960.22   | 0.17%             | 2041-12-11      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2019-4                                                                 | TPMT 2019-4 A2                                                              | CUSIP: 89178BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $703878.64    | 0.11%             | 2059-10-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                                        | ELSALV 7.65 06/15/35 REGS                                                   | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    276000 | PA      | $270204.00    | 0.04%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust 2019-A                                                                        | AQFIT 2019-A A                                                              | CUSIP: 038370AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23237 | PA      | $22626.04     | 0.00%             | 2040-07-16      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                          | BPCEGP V6.915 01/14/46 144A                                                 | CUSIP: 05571ABB0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    565000 | PA      | $577763.92    | 0.09%             | 2046-01-14      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                                                | HRI 6 03/15/34 144A                                                         | CUSIP: 42704LAK0<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53171.18     | 0.01%             | 2034-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American National Group Inc.                                                                     | ANGINC V7 12/01/55                                                          | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    202000 | PA      | $191561.04    | 0.03%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2024-Nqm3                                                    | NRZT 2024-NQM3 A1                                                           | CUSIP: 647910AC2<br>LEI: 213800HBIGZVLLQA9I67 | Long             | ABS-O            | CORP              | US        |    314217 | PA      | $316576.26    | 0.05%             | 2064-11-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| CCG RECEIVABLES TRUST 2024-1                                                                     | CCG 2024-1 B                                                                | CUSIP: 12515PAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    860000 | PA      | $871038.36    | 0.14%             | 2032-03-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                                          | MRP 6.25 09/15/32 144A                                                      | CUSIP: 601137AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    490000 | PA      | $480987.82    | 0.08%             | 2032-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Buckeye Partners LP                                                                              | BPL 6.75 02/01/30 144A                                                      | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    285000 | PA      | $294123.14    | 0.05%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2021-NQM2R                                                   | NRZT 2021-NQ2R A1                                                           | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    461776 | PA      | $443924.49    | 0.07%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Carpenter Technology Corporation                                                                 | CRS 5.625 03/01/34 144A                                                     | CUSIP: 144285AN3<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29723.67     | 0.00%             | 2034-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                                          | INDON 4.55 01/11/28                                                         | CUSIP: 455780DQ6<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    318000 | PA      | $318605.79    | 0.05%             | 2028-01-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                                       | ACGCAP 6.75 10/25/28 144A                                                   | CUSIP: 05369AAP6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73244.66     | 0.01%             | 2028-10-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| First Investors Auto Owner Trust 2022-1                                                          | FIAOT 2022-1A C                                                             | CUSIP: 32057KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37858 | PA      | $37829.63     | 0.01%             | 2028-05-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                                        | XYZ 6 08/15/33 144A                                                         | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167192.20    | 0.03%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AlixPartners LLP                                                                                 | AlixPartners Term Loan B 200 2032-07-26                                     | CUSIP: 01642PBE5<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |    284288 | PA      | $281325.22    | 0.05%             | 2032-08-12      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                                               | PERU 5.375 02/08/35                                                         | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    450000 | PA      | $448875.00    | 0.07%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2022-NQM2                                                    | NRZT 2022-NQM2 A1                                                           | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1334593 | PA      | $1259295.08   | 0.20%             | 2062-03-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                              | D V6.2 02/15/56                                                             | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    560000 | PA      | $555074.41    | 0.09%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.625 03/15/31 144A                                                     | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    385000 | PA      | $383234.12    | 0.06%             | 2031-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                               | EOG 5.35 01/15/36                                                           | CUSIP: 26875PAZ4<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192816.62    | 0.03%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| OCTANE RECEIVABLES TRUST 2023-3                                                                  | OCTL 2023-3A B                                                              | CUSIP: 67571CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    532000 | PA      | $536369.00    | 0.09%             | 2029-07-20      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL3344                                                                   | CUSIP: 31427QWE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4145807 | PA      | $4091859.12   | 0.65%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Trust                                                                 | THPT 2023-THL A                                                             | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    458506 | PA      | $461763.55    | 0.07%             | 2034-12-14      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST 2020-A                                                                        | AQFIT 2020-AA B                                                             | CUSIP: 038413AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172867 | PA      | $165397.23    | 0.03%             | 2046-07-17      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| GCAT 2020-NQM1 TRUST                                                                             | GCAT 2020-NQM1 A1                                                           | CUSIP: 36167FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330168 | PA      | $326464.13    | 0.05%             | 2060-01-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FA1728                                                                   | CUSIP: 3140W14N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4424992 | PA      | $4529234.60   | 0.72%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer