# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-23-073316
**Filing Date:** 2023-3
**Character Count:** 133224
**Document Hash:** d76ac82c404774d4d5324f69407b6319
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073316.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073316

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 23778194

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Strategic Income Fund (Series ID: S000045226)

| Class ID   | Class Name                                    | Ticker Symbol   |
|:---|:---|:---|
| C000140807 | Payden Strategic Income Fund (Investor Class) | PYSGX           |
| C000140808 | Payden Strategic Income Fund (SI Class)       | PYSIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Strategic Income Fund

- **b. EDGAR series identifier (if any):** S000045226

- **c. LEI of Series:** 5493002EUNEMBLRCKL57

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $183955703.70

**Total Liabilities:** $5135790.01

**Net Assets:** $178819913.69

**Delayed Delivery Securities:** $1245368.46

**Stand-by Commitments:** $1700076.88

**Cash Not Reported:** $1866013.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 730.17318310 | **1-Year:** 97.82987422 | **5-Year:** 6654.00000000 | **10-Year:** 13052.00000000 | **30-Year:** 18184.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 57.58896090 | **5-Year:** 8736.00000000 | **10-Year:** 7505.00000000 | **30-Year:** -710.48543150

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000140807 | 1.98%                | 0.39%                | 2.08%                |
| Class ID C000140808 | 1.99%                | 0.40%                | 2.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1356909.28             | $5093719.60                                |
| Month 2  | $25743.32                | $-147694.66                                |
| Month 3  | $-294608.43              | $3859200.91                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                   | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SYNCHRONY FINANCIAL                                    | Synchrony Financial                                                             | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350818.16    | 0.20%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI                               | Adani Electricity Mumbai Ltd                                                    | CUSIP: 00654GAA1<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    380000 | PA      | $284314.66    | 0.16%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                                | CARS-DB4 LP                                                                     | CUSIP: 12510HAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $213126.23    | 0.12%             | 2050-02-15      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| IAMGOLD CORP                                           | IAMGOLD Corp                                                                    | CUSIP: 450913AF5<br>LEI: 254900E7II30XAB9LA72 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $316670.00    | 0.18%             | 2028-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASB BANK LIMITED                                       | ASB Bank Ltd                                                                    | CUSIP: 00216LAA1<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |    230000 | PA      | $229124.04    | 0.13%             | 2023-06-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                 | CUSIP: 3140XHBK2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1286676 | PA      | $1244169.49   | 0.70%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                 | CUSIP: 3140QPAY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1265074 | PA      | $1223675.75   | 0.68%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Acres PLC                                              | ACRES Commercial Realty 2021-FL1 Ltd                                            | CUSIP: 00103CAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $390266.40    | 0.22%             | 2036-06-15      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                     | Energy Transfer LP                                                              | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $411574.00    | 0.23%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MIC Glen LLC                                           | MIC Glen LLC                                                                    | CUSIP: 55304PAB7<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |    442688 | PA      | $430699.52    | 0.24%             | 2028-07-21      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                    | Petroleos Mexicanos                                                             | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $320737.43    | 0.18%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                | TRTX 2021-FL4 Issuer Ltd                                                        | CUSIP: 87276WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    300000 | PA      | $278615.70    | 0.16%             | 2038-03-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CAPITAL CORP                                  | Owl Rock Capital Corp                                                           | CUSIP: 69121KAC8<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    345000 | PA      | $323844.09    | 0.18%             | 2025-07-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PETROLEUM                                | International Petroleum Corp                                                    | CUSIP: 000000000<br>LEI: 54930025D80LU0SMR645 | Long             | DBT              | CORP              | CA        |    475000 | PA      | $450775.00    | 0.25%             | 2027-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                                | BDS 2021-FL10 Ltd                                                               | CUSIP: 05493FAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $931719.00    | 0.52%             | 2036-06-16      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    138000 | PA      | $138172.86    | 0.08%             | 2023-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LENNAR CORP                                            | Lennar Corp                                                                     | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |    580000 | PA      | $572578.71    | 0.32%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                                    | ZAXBY'S FUNDING LLC                                                             | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    541750 | PA      | $460251.73    | 0.26%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                 | Credit Suisse Group AG                                                          | CUSIP: 225401BB3<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    300000 | PA      | $337303.63    | 0.19%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                                                | CUSIP: 3133KPUB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1269589 | PA      | $1256523.14   | 0.70%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac Structured Agency Credit Risk Debt Notes                            | CUSIP: 3137G0PS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    246586 | PA      | $253459.06    | 0.14%             | 2029-10-25      | Floating      | 15.76%                | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                          | New Residential Mortgage Loan Trust 2017-4                                      | CUSIP: 64829NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    238279 | PA      | $224745.27    | 0.13%             | 2057-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| IRB Holding Corp                                       | IRB Holding Corp                                                                | CUSIP: 44988LAF4<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |    399514 | PA      | $399452.08    | 0.22%             | 2025-02-05      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                    | Churchill Downs Inc                                                             | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    500000 | PA      | $468485.00    | 0.26%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                             | VMware Inc                                                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    775000 | PA      | $614917.00    | 0.34%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                       | CIFC Funding 2013-III-R Ltd                                                     | CUSIP: 12552MAJ7<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $378069.60    | 0.21%             | 2031-04-24      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                               | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668BR2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    950000 | PA      | $927540.15    | 0.52%             | 2025-06-06      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                               | United Natural Foods Inc                                                        | CUSIP: 911163AA1<br>LEI: 549300GKGW6WPZ282D40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483150.00    | 0.27%             | 2028-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LoanCore 2019-CRE2 Issuer, Ltd                         | LoanCore 2019-CRE2 Issuer Ltd                                                   | CUSIP: 53946JAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    317500 | PA      | $312512.71    | 0.17%             | 2036-05-15      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                                    | Nigeria Government International Bond                                           | CUSIP: 65412JAR4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    400000 | PA      | $311956.00    | 0.17%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                          | Boyne USA Inc                                                                   | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1179755.43   | 0.66%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                               | AT&T Inc                                                                        | CUSIP: 00206RGD8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    600000 | PA      | $606495.85    | 0.34%             | 2024-06-12      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| REDONDO BEACH CA CMNTY FING AU                         | Redondo Beach Community Financing Authority                                     | CUSIP: 757696AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $425530.63    | 0.24%             | 2029-05-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Carlyle C17 CLO                                        | Carlyle C17 CLO Ltd                                                             | CUSIP: 14307PAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $461480.50    | 0.26%             | 2031-04-30      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPE                               | Plains All American Pipeline LP                                                 | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    270000 | PA      | $247050.00    | 0.14%             | N/A             | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                        | CDS CDX.NA.HY.39.V1                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $-234963.73   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1052187.50   | 0.59%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac Stacr Trust 2019-FTR4                                               | CUSIP: 35565GAE7<br>LEI: 549300K0XW5MBR2WNZ55 | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $259224.33    | 0.14%             | 2047-11-25      | Floating      | 9.51%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage                          | Citigroup COmmercial Mortgage Trust 2018-C6                                     | CUSIP: 17327GAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9463534 | PA      | $320557.34    | 0.18%             | 2051-11-10      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                         | JPMorgan Chase Bank NA - CACLN                                                  | CUSIP: 46591HCG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260986 | PA      | $246051.83    | 0.14%             | 2029-02-26      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| MOSS CREEK RESOURCES HLD                               | Moss Creek Resources Holdings Inc                                               | CUSIP: 61965RAA3<br>LEI: 54930037SLMSPWKYIX36 | Long             | DBT              | CORP              | US        |    325000 | PA      | $300680.25    | 0.17%             | 2026-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                     | Dominican Republic International Bond                                           | CUSIP: 25714PEP9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    450000 | PA      | $424988.07    | 0.24%             | 2029-02-22      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                | HCA Inc                                                                         | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    260000 | PA      | $233196.71    | 0.13%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                                         | Phillips 66 Co                                                                  | CUSIP: 718547AA0<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    735000 | PA      | $697706.77    | 0.39%             | 2024-12-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| EARTHSTONE ENERGY HOL                                  | Earthstone Energy Holdings LLC                                                  | CUSIP: 27034RAA1<br>LEI: 549300HGVO86L8G72J25 | Long             | DBT              | CORP              | US        |    320000 | PA      | $312441.60    | 0.17%             | 2027-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                                | Mexican Bonos                                                                   | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   6770000 | PA      | $356654.12    | 0.20%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                       | Symphony CLO XXIV Ltd                                                           | CUSIP: 87167QAG3<br>LEI: 5493007X3UVVYJ005O73 | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $434624.40    | 0.24%             | 2032-01-23      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| SPIRIT REALTY LP                                       | Spirit Realty LP                                                                | CUSIP: 84861TAH1<br>LEI: 549300GTBVIBJRX5BW73 | Long             | DBT              | CORP              | US        |    625000 | PA      | $523451.54    | 0.29%             | 2028-03-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| RR Ltd                                                 | RR 24 Ltd                                                                       | CUSIP: 75000HAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    547382 | PA      | $549288.38    | 0.31%             | 2032-01-15      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd                                     | THL Credit Wind River 2019-3 Clo Ltd                                            | CUSIP: 97314JAA3<br>LEI: 549300QKM4OHZM4I5C40 | Long             | ABS-CBDO         | CORP              | KY        |    875000 | PA      | $864009.13    | 0.48%             | 2031-04-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                               | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356956.25    | 0.20%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    550000 | PA      | $486327.65    | 0.27%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                            | BNP Paribas SA                                                                  | CUSIP: 09659W2L7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $233154.10    | 0.13%             | 2026-06-09      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                               | TerraForm Power Operating LLC                                                   | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    330000 | PA      | $297372.08    | 0.17%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                                | Midwest Connector Capital Co LLC                                                | CUSIP: 59833CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $737959.85    | 0.41%             | 2024-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                               | BRSP 2021-FL1 Ltd                                                               | CUSIP: 05591XAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $558966.00    | 0.31%             | 2038-08-19      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Taurus CMBS                                            | Taurus 2021-1 UK DAC                                                            | CUSIP: 000000000<br>LEI: 635400SG2ZVJCYHITE32 | Long             | ABS-MBS          | CORP              | IE        |    794167 | PA      | $903224.14    | 0.51%             | 2031-05-17      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST POLL CONTROL FIN                         | California Pollution Control Financing Authority                                | CUSIP: 130536RK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $6287.50      | 0.00%             | 2039-12-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EARTHQUAKE AUTH                          | California Earthquake Authority                                                 | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1784015.73   | 1.00%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                 | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822CQ5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    850000 | PA      | $849209.97    | 0.47%             | 2025-09-12      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| ALAMEDA CNTY CA                                        | County of Alameda CA                                                            | CUSIP: 010878BM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $853673.89    | 0.48%             | 2033-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Ozlme                                                  | Sculptor European CLO V DAC                                                     | CUSIP: 000000000<br>LEI: 6354008AGMENPDXTDJ03 | Long             | ABS-CBDO         | CORP              | IE        |    600000 | PA      | $631321.49    | 0.35%             | 2032-01-14      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC                                     | PBF Holding Co LLC / PBF Finance Corp                                           | CUSIP: 69318FAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $637345.13    | 0.36%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                               | Corebridge Financial Inc                                                        | CUSIP: 21871XAG4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    900000 | PA      | $820610.30    | 0.46%             | 2032-04-05      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                     | Dominican Republic International Bond                                           | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $256511.23    | 0.14%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                    | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50011.25     | 0.03%             | 2024-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nationstar Mortgage Loan Trust                         | Nationstar Mortgage Loan Trust 2013-A                                           | CUSIP: 63861HAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35858 | PA      | $33435.69     | 0.02%             | 2052-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                   | Glencore Funding LLC                                                            | CUSIP: 378272BC1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    725000 | PA      | $575632.06    | 0.32%             | 2051-04-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| LAND O'LAKES INC                                       | Land O' Lakes Inc                                                               | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177205.00    | 0.10%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                   | Lockheed Martin Corp                                                            | CUSIP: 539830BU2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    475000 | PA      | $482596.55    | 0.27%             | 2025-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ECO MATERIAL TECH INC                                  | Eco Material Technologies Inc                                                   | CUSIP: 27900QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $264936.38    | 0.15%             | 2027-01-31      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                    | Charles Schwab Corp/The                                                         | CUSIP: 808513BD6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373950.00    | 0.21%             | N/A             | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                  | Stellantis Finance US Inc                                                       | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    800000 | PA      | $705810.34    | 0.39%             | 2027-01-29      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| Juniper Receivables 2021-2 DAC Holding Class R-1 Notes | Juniper Receivables 2021-2 DAC Holding Class R-1 Notes                          | CUSIP: 48204VAA2<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |         1 | NS      | $375952.70    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING                               | NextEra Energy Operating Partners LP                                            | CUSIP: 65342QAK8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    380000 | PA      | $371588.05    | 0.21%             | 2024-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac Structured Agency Credit Risk Debt Notes                            | CUSIP: 3137G0GM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    493339 | PA      | $502923.67    | 0.28%             | 2028-03-25      | Floating      | 13.31%                | No            |                  2 | On Loan: No      |
| FEL ENERGY VI SARL                                     | FEL Energy VI Sarl                                                              | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |    464864 | PA      | $404413.52    | 0.23%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                    | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    450000 | PA      | $452002.90    | 0.25%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                               | Graphic Packaging International LLC                                             | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    300000 | PA      | $266493.04    | 0.15%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| PTC INC                                                | PTC Inc                                                                         | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9327.70      | 0.01%             | 2028-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                    | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |    430000 | PA      | $394748.70    | 0.22%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac Structured Agency Credit Risk Debt Notes                            | CUSIP: 3137G0HM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    330884 | PA      | $352025.15    | 0.20%             | 2028-05-25      | Floating      | 15.01%                | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                                                | CUSIP: 3133KPY93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    660821 | PA      | $665405.80    | 0.37%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                                 | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $369679.46    | 0.21%             | 2024-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                                 | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $207805.00    | 0.12%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Man GLG Euro CLO                                       | Man GLG Euro CLO VI DAC                                                         | CUSIP: 000000000<br>LEI: 635400D8TYQFYNLHNR61 | Long             | ABS-CBDO         | CORP              | IE        |    399664 | PA      | $423937.09    | 0.24%             | 2032-10-15      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                         | Morgan Stanley                                                                  | CUSIP: 61762V853<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EP               | CORP              | US        |     40000 | NS      | $1041600.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                         | Morgan Stanley                                                                  | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $909212.13    | 0.51%             | 2032-10-20      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| LoanCore 2019-CRE2 Issuer, Ltd                         | LoanCore 2019-CRE2 Issuer Ltd                                                   | CUSIP: 53946JAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    400000 | PA      | $393559.60    | 0.22%             | 2036-05-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| North Westerly Leveraged Loan                          | North Westerly V Leveraged Loan Strategies CLO DAC                              | CUSIP: 000000000<br>LEI: 635400ONYCMVEKEXWX74 | Long             | ABS-CBDO         | CORP              | IE        |    300000 | PA      | $302193.56    | 0.17%             | 2034-07-20      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY                                | Phillips Edison Grocery Center Operating Partnership I LP                       | CUSIP: 71845JAA6<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    525000 | PA      | $403657.47    | 0.23%             | 2031-11-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                                  | Civitas Resources Inc                                                           | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    445000 | PA      | $415534.33    | 0.23%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIC Glen LLC                                           | MIC Glen LLC                                                                    | CUSIP: 55304PAE1<br>LEI: 549300XD843A2SP50882 | Long             | LON              | CORP              | US        |    560000 | PA      | $509600.00    | 0.28%             | 2029-07-20      | Floating      | 11.32%                | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                         | NRG Energy Inc                                                                  | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    125000 | PA      | $103494.61    | 0.06%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2160000 | PA      | $2114606.26   | 1.18%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                         | Santander Bank NA - SBCLN                                                       | CUSIP: 80290CAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    211448 | PA      | $204501.74    | 0.11%             | 2031-12-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                    | Medline Borrower LP                                                             | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    350000 | PA      | $299684.00    | 0.17%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                             | CAD/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $57376.64     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru                         | OneMain Financial Issuance Trust 2022-2                                         | CUSIP: 68268VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $493771.60    | 0.28%             | 2034-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                               | Capital One Financial Corp                                                      | CUSIP: 14040HCG8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    875000 | PA      | $664347.85    | 0.37%             | 2032-07-29      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac Pool                                                                | CUSIP: 3132D6C57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    784302 | PA      | $797979.34    | 0.45%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD                                      | Kosmos Energy Ltd                                                               | CUSIP: 500688AC0<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |    320000 | PA      | $289836.80    | 0.16%             | 2026-04-04      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                  | Toronto-Dominion Bank/The                                                       | CUSIP: 89115A2A9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    825000 | PA      | $808004.39    | 0.45%             | 2025-06-06      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                       | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 30711XDB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    494227 | PA      | $522204.69    | 0.29%             | 2029-01-25      | Floating      | 14.76%                | No            |                  2 | On Loan: No      |
| Government National Mortgage A                         | Ginnie Mae II Pool                                                              | CUSIP: 36179W5D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    874464 | PA      | $827515.50    | 0.46%             | 2052-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bluemountain CLO Ltd                                   | BlueMountain CLO 2015-3 Ltd                                                     | CUSIP: 09628JAS0<br>LEI: 5493009UJ1T6R11V4458 | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $384171.30    | 0.21%             | 2031-04-20      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                                  | Guatemala Government Bond                                                       | CUSIP: 401494AU3<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    350000 | PA      | $292744.05    | 0.16%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                     | Realty Income Corp                                                              | CUSIP: 756109BD5<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    505000 | PA      | $503012.78    | 0.28%             | 2024-02-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| UNIVAR SOLUTIONS USA INC                               | Univar Solutions USA Inc/Washington                                             | CUSIP: 91337CAA4<br>LEI: 5493008FTB9VZW6CVA82 | Long             | DBT              | CORP              | US        |    450000 | PA      | $435680.39    | 0.24%             | 2027-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH                                | International Game Technology PLC                                               | CUSIP: 460599AF0<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    625000 | PA      | $593027.01    | 0.33%             | 2026-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $171660.16    | 0.10%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | CBOT 10 Year US Treasury Note                                                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -23 | NC      | $-27210.46    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Driven Brands Funding, LLC                             | DRIVEN BRANDS FUNDING LLC                                                       | CUSIP: 26209XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1179750 | PA      | $1050835.53   | 0.59%             | 2050-07-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                   | Royal Bank of Canada                                                            | CUSIP: 78016FZX5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $761986.00    | 0.43%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                          | Citigroup Inc                                                                   | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508193.61    | 0.28%             | 2026-09-29      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Palmer Square European CLO                             | Palmer Square European CLO 2021-2 DAC                                           | CUSIP: 000000000<br>LEI: 5493008YA044FHERJ655 | Long             | ABS-CBDO         | CORP              | IE        |    550000 | PA      | $554585.98    | 0.31%             | 2035-04-15      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                    | American Tower Corp                                                             | CUSIP: 03027XAU4<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    560000 | PA      | $527636.41    | 0.30%             | 2029-03-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | CME Ultra Long Term US Treasury Bond                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        14 | NC      | $99859.04     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                         | Morgan Stanley                                                                  | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1004339.58   | 0.56%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                  | Mexico Government International Bond                                            | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    350000 | PA      | $372328.71    | 0.21%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $9689.24      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS                                | Duquesne Light Holdings Inc                                                     | CUSIP: 266233AJ4<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |    975000 | PA      | $792923.55    | 0.44%             | 2032-01-07      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $7105000.00   | 3.97%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GATX CORP                                              | GATX Corp                                                                       | CUSIP: 361448BD4<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    385000 | PA      | $381306.91    | 0.21%             | 2024-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MONGOLIA INTL BOND                                     | Mongolia Government International Bond                                          | CUSIP: 60937LAA3<br>LEI: N/A                  | Long             | DBT              | NUSS              | MN        |    360000 | PA      | $362700.00    | 0.20%             | 2024-03-09      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac Structured Agency Credit Risk Debt Notes                            | CUSIP: 3137G0KV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    493329 | PA      | $542252.98    | 0.30%             | 2028-12-25      | Floating      | 15.76%                | No            |                  2 | On Loan: No      |
| Citibank, National Association                         | ZAR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $29980.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORP                                            | Oracle Corp                                                                     | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $641627.92    | 0.36%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $964806.45    | 0.54%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers                         | Neuberger Berman Loan Advisers Euro CLO 2 DAC                                   | CUSIP: 000000000<br>LEI: 549300PWQEWJ6XJV7687 | Long             | ABS-CBDO         | CORP              | IE        |    500000 | PA      | $531214.10    | 0.30%             | 2034-04-15      | Floating      | 3.32%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                           | Barclays PLC                                                                    | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $334684.00    | 0.19%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                                       | Fifth Third Bank NA                                                             | CUSIP: 31677QBT5<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355613.73    | 0.20%             | 2025-10-27      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-37560.93    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                             | AbbVie Inc                                                                      | CUSIP: 00287YBZ1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    405000 | PA      | $390443.53    | 0.22%             | 2024-11-21      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                               | Neuberger Berman Loan Advisers CLO 33 Ltd                                       | CUSIP: 64132TAJ2<br>LEI: 549300RVE5T2OYI2H743 | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1192244.40   | 0.67%             | 2033-10-16      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                  | Wells Fargo & Co                                                                | CUSIP: 95000U2R3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    585000 | PA      | $578163.31    | 0.32%             | 2024-06-02      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Commercial Mortgage Trust 2021-VOLT                                          | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    625000 | PA      | $593015.31    | 0.33%             | 2036-09-15      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $299977.34    | 0.17%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                           | Broadcom Inc                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    192000 | PA      | $149202.71    | 0.08%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                               | Warnermedia Holdings Inc                                                        | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    525000 | PA      | $436745.21    | 0.24%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                   | Royal Bank of Canada                                                            | CUSIP: 78016EYM3<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $518945.67    | 0.29%             | 2025-01-21      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                           | Barclays PLC                                                                    | CUSIP: 06738EBX2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    800000 | PA      | $805320.00    | 0.45%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Voya Euro CLO                                          | Voya Euro CLO III DAC                                                           | CUSIP: 000000000<br>LEI: 635400K38PBPFZARQW28 | Long             | ABS-CBDO         | CORP              | IE        |    300000 | PA      | $318552.34    | 0.18%             | 2033-04-15      | Floating      | 3.21%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                | American Electric Power Co Inc                                                  | CUSIP: 025537AK7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    425000 | PA      | $410782.04    | 0.23%             | 2024-03-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Last Mile Logistics Pan Euro F                         | Last Mile Logistics Pan Euro Finance DAC                                        | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-MBS          | CORP              | IE        |    796431 | PA      | $747234.45    | 0.42%             | 2033-08-17      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                 | Santander Holdings USA Inc                                                      | CUSIP: 80282KAZ9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    450000 | PA      | $423567.78    | 0.24%             | 2026-10-05      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Numericable U.S. LLC                                   | Altice France SA/France                                                         | CUSIP: 67053NAK0<br>LEI: 5493001ZMCICV4N02J21 | Long             | LON              | CORP              | FR        |    655895 | PA      | $650893.66    | 0.36%             | 2025-07-31      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| ZI TECH LLC/ZI FIN CORP                                | ZoomInfo Technologies LLC/ZoomInfo Finance Corp                                 | CUSIP: 98981BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $406002.45    | 0.23%             | 2029-02-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE                                | Energean Israel Finance Ltd                                                     | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    225000 | PA      | $210937.50    | 0.12%             | 2026-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LoanCore 2019-CRE2 Issuer, Ltd                         | LoanCore 2019-CRE2 Issuer Ltd                                                   | CUSIP: 53946JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    391016 | PA      | $389753.52    | 0.22%             | 2036-05-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                                 | Blackstone Private Credit Fund                                                  | CUSIP: 09261HAT4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    325000 | PA      | $315490.17    | 0.18%             | 2025-03-24      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                    | Global Payments Inc                                                             | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    525000 | PA      | $467022.49    | 0.26%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                   | National Fuel Gas Co                                                            | CUSIP: 636180BQ3<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    330000 | PA      | $331609.49    | 0.19%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                | Dryden XXVI Senior Loan Fund                                                    | CUSIP: 26250UAY1<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $358224.40    | 0.20%             | 2029-04-15      | Floating      | 10.33%                | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                           | Eagle RE 2021-2 Ltd                                                             | CUSIP: 26982AAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    700000 | PA      | $693813.33    | 0.39%             | 2034-04-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                         | Air Lease Corp                                                                  | CUSIP: 00914AAF9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    145000 | PA      | $136476.75    | 0.08%             | 2025-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                               | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    305000 | PA      | $271901.40    | 0.15%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Last Mile Logistics Pan Euro F                         | Last Mile Logistics Pan Euro Finance DAC                                        | CUSIP: 000000000<br>LEI: 635400NOPX1IKIAX7N90 | Long             | ABS-MBS          | CORP              | IE        |    189152 | PA      | $189988.02    | 0.11%             | 2033-08-17      | Floating      | 3.69%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                                 | Credit Suisse Group AG                                                          | CUSIP: 225401AU2<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    750000 | PA      | $567697.01    | 0.32%             | 2032-05-14      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                                | Standard Industries Inc/NJ                                                      | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    500000 | PA      | $469182.50    | 0.26%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cologix Data Centers Issuer LL                         | Cologix Canadian Issuer LP                                                      | CUSIP: 19521DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    675000 | PA      | $472091.62    | 0.26%             | 2052-01-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| ROMANIA                                                | Romanian Government International Bond                                          | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    700000 | PA      | $521392.43    | 0.29%             | 2033-04-14      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                               | JP Morgan Mortgage Trust 2014-2                                                 | CUSIP: 46641YAA1<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |     64314 | PA      | $60344.71     | 0.03%             | 2029-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                               | Northriver Midstream Finance LP                                                 | CUSIP: 66679NAA8<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $201948.60    | 0.11%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | STACR Trust 2018-HRP2                                                           | CUSIP: 35564ACC3<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $322297.38    | 0.18%             | 2047-02-25      | Floating      | 15.01%                | No            |                  2 | On Loan: No      |
| ENERGEAN PLC                                           | Energean PLC                                                                    | CUSIP: 29280EAA7<br>LEI: 549300RVMKU0CYUZBB05 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $235367.25    | 0.13%             | 2027-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac Structured Agency Credit Risk Debt Notes                            | CUSIP: 3137G0GZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    491898 | PA      | $507204.30    | 0.28%             | 2028-04-25      | Floating      | 13.86%                | No            |                  2 | On Loan: No      |
| Home Re Ltd                                            | Home RE 2021-2 Ltd                                                              | CUSIP: 43730VAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    500000 | PA      | $493930.40    | 0.28%             | 2034-01-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                   | Lockheed Martin Corp                                                            | CUSIP: 539830BV0<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259612.34    | 0.15%             | 2027-11-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1A PTT                                 | American Airlines 2019-1 Class A Pass Through Trust                             | CUSIP: 02378MAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    432215 | PA      | $338887.10    | 0.19%             | 2032-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                      | General Motors Co                                                               | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    550000 | PA      | $543838.05    | 0.30%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                                | Blackstone Secured Lending Fund                                                 | CUSIP: 09261XAB8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    625000 | PA      | $554356.68    | 0.31%             | 2026-09-16      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                                        | Nissan Motor Co Ltd                                                             | CUSIP: 654744AA9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    675000 | PA      | $664354.42    | 0.37%             | 2023-09-15      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                    | Carrier Global Corp                                                             | CUSIP: 14448CAN4<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     42000 | PA      | $39888.64     | 0.02%             | 2025-02-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $-32085.23    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                               | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $579788.84    | 0.32%             | 2061-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $587791.75    | 0.33%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GOLDEN ST TOBACCO SECURITIZATI                         | Golden State Tobacco Securitization Corp                                        | CUSIP: 38122NB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $415487.21    | 0.23%             | 2034-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                   | Bank of America Corp                                                            | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502033.92    | 0.28%             | 2027-01-20      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| ROCC HOLDINGS LLC                                      | ROCC Holdings LLC                                                               | CUSIP: 70789PAA2<br>LEI: 6XOCUKRR0UU0LF5P1W14 | Long             | DBT              | CORP              | US        |    680000 | PA      | $690200.00    | 0.39%             | 2026-08-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Montmartre Euro CLO                                    | Montmartre Euro CLO 2020-2 DAC                                                  | CUSIP: 000000000<br>LEI: 213800HCQ9D9IBM16U83 | Long             | ABS-CBDO         | CORP              | IE        |    250000 | PA      | $263994.81    | 0.15%             | 2034-07-15      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                               | Banco Bilbao Vizcaya Argentaria SA                                              | CUSIP: 05946KAL5<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    925000 | PA      | $952889.07    | 0.53%             | 2028-09-14      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| PATTERN ENERGY OP LP/PAT                               | Pattern Energy Operations LP / Pattern Energy Operations Inc                    | CUSIP: 70339PAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $312390.30    | 0.17%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                         | Santander Bank Auto Credit-Linked Notes Series 2022-A                           | CUSIP: 80290CAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    506009 | PA      | $494504.17    | 0.28%             | 2032-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    675000 | PA      | $607557.74    | 0.34%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                            | Swedbank AB                                                                     | CUSIP: 87020PAK3<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    260000 | PA      | $256859.46    | 0.14%             | 2023-06-02      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                 | Santander Holdings USA Inc                                                      | CUSIP: 80282KBE5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    775000 | PA      | $783591.19    | 0.44%             | 2026-09-09      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                     | Macquarie Bank Ltd                                                              | CUSIP: 556079AD3<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    750000 | PA      | $586042.22    | 0.33%             | 2036-03-03      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                  | Nabors Industries Ltd                                                           | CUSIP: 629571AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    180000 | PA      | $175343.40    | 0.10%             | 2026-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 912828Y61<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    770000 | PA      | $762438.83    | 0.43%             | 2023-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                               | Albion Financing 1 SARL / Aggreko Holdings Inc                                  | CUSIP: 013304AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    350000 | PA      | $314552.47    | 0.18%             | 2026-10-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH ST PERSO                         | New York State Dormitory Authority                                              | CUSIP: 64990FD68<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $675121.37    | 0.38%             | 2027-03-15      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                       | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 30711XCH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    495567 | PA      | $557980.87    | 0.31%             | 2028-09-25      | Floating      | 16.76%                | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA WTR & SWR AUT                         | District of Columbia Water & Sewer Authority                                    | CUSIP: 254845JZ4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $238244.76    | 0.13%             | 2114-10-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                            | Equifax Inc                                                                     | CUSIP: 294429AR6<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131369.59    | 0.07%             | 2025-12-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Planet Fitness Master Issuer L                         | Planet Fitness Master Issuer LLC                                                | CUSIP: 72703PAC7<br>LEI: 549300NX9W3U2DO53T22 | Long             | ABS-O            | CORP              | US        |    397700 | PA      | $342962.48    | 0.19%             | 2049-12-05      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                               | Genting New York LLC / GENNY Capital Inc                                        | CUSIP: 37255JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $582062.18    | 0.33%             | 2026-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                | John Deere Capital Corp                                                         | CUSIP: 24422EWF2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488279.67    | 0.27%             | 2025-06-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                             | MXN/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $1268.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Acres PLC                                              | ACRES Commercial Realty 2021-FL1 Ltd                                            | CUSIP: 00103CAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    450000 | PA      | $438904.35    | 0.25%             | 2036-06-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                              | Boeing Co/The                                                                   | CUSIP: 097023DE2<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481994.26    | 0.27%             | 2024-02-04      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU                               | Sinclair Television Group Inc                                                   | CUSIP: 829259BA7<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    310000 | PA      | $246817.35    | 0.14%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NORTHWELL HEALTHCARE INC                               | Northwell Healthcare Inc                                                        | CUSIP: 667274AC8<br>LEI: 54930073NUTKK4QD3P47 | Long             | DBT              | CORP              | US        |    500000 | PA      | $429271.74    | 0.24%             | 2047-11-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                            | Corp Nacional del Cobre de Chile                                                | CUSIP: 21987BBF4<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    200000 | PA      | $200580.00    | 0.11%             | 2033-02-02      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                                | CARS-DB4 LP                                                                     | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360000 | PA      | $300328.49    | 0.17%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                                | Crescent Energy Finance LLC                                                     | CUSIP: 45344LAC7<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474890.75    | 0.27%             | 2028-02-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CIFC European Funding                                  | CIFC European Funding CLO II DAC                                                | CUSIP: 000000000<br>LEI: 549300NYQTL91Z5R9B69 | Long             | ABS-CBDO         | CORP              | IE        |    600000 | PA      | $635910.35    | 0.36%             | 2033-04-15      | Floating      | 3.19%                 | No            |                  2 | On Loan: No      |
| Ascent Resources Utica Holdings LLC                    | Ascent Resources Utica Holdings LLC                                             | CUSIP: 000000000<br>LEI: 549300EGLQ2M2CL7JZ89 | Long             | LON              | CORP              | US        |    454000 | PA      | $482375.00    | 0.27%             | 2025-11-01      | Floating      | 13.81%                | No            |                  2 | On Loan: No      |
| TAMARACK VALLEY ENERGY L                               | Tamarack Valley Energy Ltd                                                      | CUSIP: 87505YAA0<br>LEI: 549300TLKPX8BE14MH06 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $429521.63    | 0.24%             | 2027-05-10      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sotera Health Holdings LLC                             | Sotera Health Holdings LLC                                                      | CUSIP: 83600VAE1<br>LEI: 549300OVT7MBXFLOFU20 | Long             | LON              | CORP              | US        |    380000 | PA      | $366939.40    | 0.21%             | 2026-12-11      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund                 | Payden Cash Reserves Money Market Fund                                          | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |   4986610 | NS      | $4986610.07   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL                         | JPMorgan Chase Bank NA - CACLN                                                  | CUSIP: 48128U2Q1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241639 | PA      | $231144.73    | 0.13%             | 2028-12-26      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                 | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822BD5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    430000 | PA      | $423180.21    | 0.24%             | 2024-03-07      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| BlackRock European CLO DAC                             | Blackrock European CLO VII DAC                                                  | CUSIP: 000000000<br>LEI: 635400IDVZFM7YPKHY80 | Long             | ABS-CBDO         | CORP              | IE        |    700000 | PA      | $726045.19    | 0.41%             | 2031-10-15      | Floating      | 3.59%                 | No            |                  2 | On Loan: No      |
| AMFAM HOLDINGS INC                                     | AmFam Holdings Inc                                                              | CUSIP: 03115AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    725000 | PA      | $576622.07    | 0.32%             | 2031-03-11      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                               | Vistra Operations Co LLC                                                        | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    445000 | PA      | $430268.07    | 0.24%             | 2024-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| EL SEGUNDO CA PENSN OBLIG                              | City of El Segundo CA                                                           | CUSIP: 284035AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848467.03    | 0.47%             | 2029-07-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac STACR Trust 2019-FTR3                                               | CUSIP: 35565EAE2<br>LEI: 5493009ZFZYH4FRCW638 | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $254781.45    | 0.14%             | 2047-09-25      | Floating      | 9.19%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                 | Aviation Capital Group LLC                                                      | CUSIP: 05369AAC5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    540000 | PA      | $536786.57    | 0.30%             | 2023-05-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    160000 | PA      | $114343.75    | 0.06%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                         | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $54173.92     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                         | Var Energi ASA                                                                  | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    400000 | PA      | $431075.30    | 0.24%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                               | Ford Motor Credit Co LLC                                                        | CUSIP: 345397YG2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    630000 | PA      | $617793.75    | 0.35%             | 2024-01-09      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                                      | Arbys Funding LLC                                                               | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    214500 | PA      | $190312.53    | 0.11%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL                                   | Bank Leumi Le-Israel BM                                                         | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    300000 | PA      | $300502.50    | 0.17%             | 2027-07-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES INC                                | Standard Industries Inc/NJ                                                      | CUSIP: 85350EAB2<br>LEI: 54930064UHXCIUWVI755 | Long             | LON              | CORP              | US        |    472688 | PA      | $473160.19    | 0.26%             | 2028-09-22      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| TTM TECHNOLOGIES INC                                   | TTM Technologies Inc                                                            | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    700000 | PA      | $612486.00    | 0.34%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | CBOT 5 Year US Treasury Note                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -141 | NC      | $-143679.00   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC                                      | Kinder Morgan Inc                                                               | CUSIP: 49456BAR2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    270000 | PA      | $218233.15    | 0.12%             | 2031-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                         | State of Connecticut                                                            | CUSIP: 20772KJZ3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $925896.68    | 0.52%             | 2027-07-01      | Fixed         | 2.42%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                                   | FS RIALTO                                                                       | CUSIP: 30319YAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1050000 | PA      | $961625.70    | 0.54%             | 2038-05-16      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| VERMILION ENERGY INC                                   | Vermilion Energy Inc                                                            | CUSIP: 923725AD7<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | DBT              | CORP              | CA        |    210000 | PA      | $194043.15    | 0.11%             | 2030-05-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                           | CubeSmart LP                                                                    | CUSIP: 22966RAH9<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |    400000 | PA      | $343462.46    | 0.19%             | 2028-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                         | New York Transportation Development Corp                                        | CUSIP: 650116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005319.52   | 0.56%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                 | Southwestern Energy Co                                                          | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    285000 | PA      | $251586.60    | 0.14%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                           | ams-OSRAM AG                                                                    | CUSIP: 000000000<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |    200000 | PA      | $210398.31    | 0.12%             | 2025-07-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST HLTH FACS FING A                         | California Health Facilities Financing Authority                                | CUSIP: 13032UVE5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    910000 | PA      | $839263.11    | 0.47%             | 2027-06-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| FIVE CORNERS FUNDING TRS                               | Five Corners Funding Trust                                                      | CUSIP: 33829TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $466726.89    | 0.26%             | 2023-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ COPS                                          | City of Tempe AZ                                                                | CUSIP: 87971LAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $635114.63    | 0.36%             | 2028-07-01      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    440000 | PA      | $379293.75    | 0.21%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                              | Fannie Mae or Freddie Mac                                                       | CUSIP: 01F052623<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1680000 | PA      | $1707693.74   | 0.95%             | 2053-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Tacala Investment Corp                                 | Tacala Investment Corp                                                          | CUSIP: 873412AA8<br>LEI: 549300XTM341KBSTDI88 | Long             | LON              | CORP              | US        |    762000 | PA      | $741715.56    | 0.41%             | 2027-02-05      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                 | Diamondback Energy Inc                                                          | CUSIP: 25278XAT6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    350000 | PA      | $282170.81    | 0.16%             | 2052-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                       | T-Mobile USA Inc                                                                | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $464883.85    | 0.26%             | 2026-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                          | United States Treasury Bill                                                     | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7940000 | PA      | $7939120.65   | 4.44%             | 2023-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                     | Banco Santander SA                                                              | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $351460.08    | 0.20%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                    | JPMorgan Chase & Co                                                             | CUSIP: 46647PBK1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    550000 | PA      | $516698.88    | 0.29%             | 2026-04-22      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                               | Banco Mercantil del Norte SA/Grand Cayman                                       | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    500000 | PA      | $462980.78    | 0.26%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                           | Centene Corp                                                                    | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    450000 | PA      | $432207.00    | 0.24%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1940000 | PA      | $1376073.84   | 0.77%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                                    | Petroleos Mexicanos                                                             | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    385000 | PA      | $362054.00    | 0.20%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                           | Credit Suisse Mortgage Capital Certificates 2019-ICE4                           | CUSIP: 12653VAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    510000 | PA      | $496588.68    | 0.28%             | 2036-05-15      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                                          | United States Treasury Bill                                                     | CUSIP: 912796V48<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22130000 | PA      | $21912764.17  | 12.25%            | 2023-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UK CLEARING HOUSE LIMITED                              | IRS USD                                                                         | CUSIP: 000000000<br>LEI: 213800O8SCO4XJGBU385 | N/A              | DIR              | CORP              | GB        |         1 | NC      | $49584.60     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CIBANCO SA INS DE BANCA                                | CIBANCO SA Institucion de Banca Multiple Trust CIB/3332                         | CUSIP: 171653AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    690000 | PA      | $538779.60    | 0.30%             | 2031-07-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                                 | Republic of Uzbekistan International Bond                                       | CUSIP: 91822Q2E6<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |    575000 | PA      | $473488.35    | 0.26%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GRIFOLS ESCROW ISSUER                                  | Grifols Escrow Issuer SA                                                        | CUSIP: 39843UAA0<br>LEI: 959800HLB3PGTGSLVV62 | Long             | DBT              | CORP              | ES        |    450000 | PA      | $391954.50    | 0.22%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin                         | Santander Bank Auto Credit-Linked Notes Series 2022-B                           | CUSIP: 80290CAZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    202569 | PA      | $200917.54    | 0.11%             | 2032-08-16      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Commercial Mortgage Trust 2021-SOAR                                          | CUSIP: 05608WAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    297745 | PA      | $286834.71    | 0.16%             | 2038-06-15      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| KONTOOR BRANDS INC                                     | Kontoor Brands Inc                                                              | CUSIP: 50050NAA1<br>LEI: 549300M0CPXV65RFF271 | Long             | DBT              | CORP              | US        |    250000 | PA      | $216546.25    | 0.12%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                               | Weatherford International Ltd                                                   | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     70000 | PA      | $70746.90     | 0.04%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                               | Saudi Government International Bond                                             | CUSIP: 80413TBC2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    250000 | PA      | $253575.00    | 0.14%             | 2028-01-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                   | Mercedes-Benz Finance North America LLC                                         | CUSIP: 233851DS0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    830000 | PA      | $818681.06    | 0.46%             | 2024-02-22      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| KLX ENERGY SERVICES HOLD                               | KLX Energy Services Holdings Inc                                                | CUSIP: 48253LAA4<br>LEI: 5493004D4S7MAO1H3U27 | Long             | DBT              | CORP              | US        |    250000 | PA      | $236578.75    | 0.13%             | 2025-11-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| GOVT OF BERMUDA                                        | Bermuda Government International Bond                                           | CUSIP: 085209AH7<br>LEI: 549300FP5PUZXX9FVJ40 | Long             | DBT              | NUSS              | BM        |    200000 | PA      | $145144.65    | 0.08%             | 2050-08-20      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                             | USD/GBP FORWARD                                                                 | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-58277.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                 | FMG Resources August 2006 Pty Ltd                                               | CUSIP: 30251GBA4<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    440000 | PA      | $420574.00    | 0.24%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                         | IDR/USD FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $7685.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                               | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AJ5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201193.05    | 0.11%             | 2024-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA CA RGTS MED                         | Regents of the University of California Medical Center Pooled Revenue           | CUSIP: 913366KV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $579166.81    | 0.32%             | 2032-05-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Payden Emerging Market Corporate Bond Fund             | Payden Emerging Market Corporate Bond Fund                                      | CUSIP: 704329234<br>LEI: 549300YZ4XY581C25P40 | Long             | EC               | RF                | US        |    102041 | NS      | $884693.91    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | CBOT 2 Year US Treasury Note                                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       167 | NC      | $127296.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR CAPITAL CORP                                    | FS KKR Capital Corp                                                             | CUSIP: 30313RAA7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    400000 | PA      | $378015.67    | 0.21%             | 2025-02-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 91282CDD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1742266.31   | 0.97%             | 2023-10-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                                            | Geopark Ltd                                                                     | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |    255000 | PA      | $226655.14    | 0.13%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    640000 | PA      | $539675.00    | 0.30%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Citibank, National Association                         | USD/EUR FORWARD                                                                 | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-508340.53   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                 | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $254804.04    | 0.14%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                       | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 30711XCR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    768987 | PA      | $837164.87    | 0.47%             | 2028-10-25      | Floating      | 16.26%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                               | Republic of South Africa Government Bond                                        | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |  29500000 | PA      | $1554090.52   | 0.87%             | 2030-01-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BRIT COL MUNI FIN AUTH                                 | Municipal Finance Authority of British Columbia                                 | CUSIP: 62620DAH4<br>LEI: 549300XJ89QPG8565B79 | Long             | DBT              | NUSS              | CA        |    500000 | PA      | $354173.09    | 0.20%             | 2029-10-09      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BLUE CROSS BLUE SHIELD M                               | Blue Cross and Blue Shield of Minnesota                                         | CUSIP: 05490LAA7<br>LEI: XHK82HP57BJNZ0CZTH48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $480552.53    | 0.27%             | 2025-05-01      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                 | CUSIP: 3140QPSR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1264602 | PA      | $1250964.81   | 0.70%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                                      | CPPIB Capital Inc                                                               | CUSIP: 12593CAJ0<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | NUSS              | CA        |    830000 | PA      | $565364.40    | 0.32%             | 2029-09-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                | Howard Midstream Energy Partners LLC                                            | CUSIP: 442722AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $732135.00    | 0.41%             | 2027-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                         | Transocean Inc                                                                  | CUSIP: 893830BL2<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |    285000 | PA      | $261887.93    | 0.15%             | 2027-02-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                     | Regal Rexnord Corp                                                              | CUSIP: 758750AF0<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    400000 | PA      | $410540.34    | 0.23%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                                           | Enerflex Ltd                                                                    | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $305958.00    | 0.17%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                        | United States Treasury Note/Bond                                                | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $9410.16      | 0.01%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                    | Freddie Mac Structured Agency Credit Risk Debt Notes                            | CUSIP: 3137G0TF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $618797.28    | 0.35%             | 2042-12-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| Whatabrands LLC                                        | Whatabrands LLC                                                                 | CUSIP: 96244UAF4<br>LEI: 254900HMMX4HTWIP0085 | Long             | LON              | CORP              | US        |    693000 | PA      | $687057.53    | 0.38%             | 2028-08-03      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                 | General Motors Financial Co Inc                                                 | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $458905.30    | 0.26%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.            | Ultra 10-Year US Treasury Note                                                  | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -93 | NC      | $-194305.83   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                               | Compass Group Diversified Holdings LLC                                          | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |    500000 | PA      | $450570.00    | 0.25%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| W & T OFFSHORE INC                                     | W&T Offshore Inc                                                                | CUSIP: 92922PAM8<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278831.80    | 0.16%             | 2026-02-01      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| BRF SA                                                 | BRF SA                                                                          | CUSIP: 10552TAH0<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $140339.09    | 0.08%             | 2050-09-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                 | Federation des Caisses Desjardins du Quebec                                     | CUSIP: 31429KAD5<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    460000 | PA      | $432428.61    | 0.24%             | 2025-02-10      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Fannie Mae Pool                                                                 | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1025560 | PA      | $1030424.50   | 0.58%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COGENT COMMUNICATIONS GR                               | Cogent Communications Group Inc                                                 | CUSIP: 19240CAE3<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    600000 | PA      | $594648.00    | 0.33%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                | Dryden 55 CLO Ltd                                                               | CUSIP: 26245MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    700000 | PA      | $695047.50    | 0.39%             | 2031-04-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer