# EDGAR Filing Document

**Accession Number:** 0001506001
**File Stem:** 0001410368-26-029187
**Filing Date:** 2026-3
**Character Count:** 798154
**Document Hash:** ba9677491da81b054e5e9d6a4a88530e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-029187.hdr.sgml**: 20260324

**ACCESSION NUMBER**: 0001410368-26-029187

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260324

**DATE AS OF CHANGE**: 20260324

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Neuberger Berman ETF Trust
- **CENTRAL INDEX KEY:** 0001506001

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23761
- **FILM NUMBER:** 26785502

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** 212-476-8800

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

## Series and Classes Contracts Data

### Neuberger Short Duration Income ETF (Series ID: S000084439)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000248822 | Neuberger Short Duration Income ETF | NBSD            |

## Nport-Ex

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited)

January 31, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Corporate Bonds 26.3%** | **Corporate Bonds 26.3%** | **Corporate Bonds 26.3%** |
| **Angola 0.4%** | **Angola 0.4%** | **Angola 0.4%** |
|  | Azule Energy Finance PLC |  |
| $200000 | &nbsp;&nbsp;&nbsp; 8.13%, due 1/23/2030 | &nbsp;&nbsp; $202354<br> <sup>(b)</sup><br>|
| 239000 | &nbsp;&nbsp;&nbsp; 8.63%, due 1/22/2033 | &nbsp;&nbsp; 238808<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **441162** |
| **Azerbaijan 0.3%** | **Azerbaijan 0.3%** | **Azerbaijan 0.3%** |
|  | Southern Gas Corridor CJSC |  |
| 100000 | &nbsp;&nbsp;&nbsp; 6.88%, due 3/24/2026 | &nbsp;&nbsp; 100416<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 6.88%, due 3/24/2026 | &nbsp;&nbsp; 200832<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **301248** |
| **Bahrain 0.2%** | **Bahrain 0.2%** | **Bahrain 0.2%** |
| 200000 | Bapco Energies BSC Closed, 8.38%, due 11/7/2028 | &nbsp;&nbsp; **214836**<br> <sup>(c)</sup><br>|
| **Brazil 1.2%** | **Brazil 1.2%** | **Brazil 1.2%** |
| 230000 | Braskem America Finance Co., 7.13%, due 7/22/2041 | &nbsp;&nbsp; 91931<br> <sup>(c)(d)</sup><br>|
| 270000 | Braskem Netherlands Finance BV, 8.50%, due 1/12/2031 | &nbsp;&nbsp; 115425<br> <sup>(c)(d)</sup><br>|
| 200000 | CSN Inova Ventures, 6.75%, due 1/28/2028 | &nbsp;&nbsp; 191066<br> <sup>(c)</sup><br>|
| 200000 | CSN Resources SA, 4.63%, due 6/10/2031 | &nbsp;&nbsp; 156803<br> <sup>(c)</sup><br>|
| 552763 | MC Brazil Downstream Trading SARL, 7.25%, due 6/30/2031 | &nbsp;&nbsp; 491257<br> <sup>(c)</sup><br>|
| 250000 | Raizen Fuels Finance SA, 6.45%, due 3/5/2034 | &nbsp;&nbsp; 205000<br> <sup>(c)</sup><br>|
| 162496 | Samarco Mineracao SA, 4.00% Cash/5.00% PIK, due 6/30/2031 | &nbsp;&nbsp; 163132<br> <sup>(b)(e)</sup><br>|
|  |  | &nbsp;&nbsp; **1414614** |
| **Bulgaria 0.2%** | **Bulgaria 0.2%** | **Bulgaria 0.2%** |
| 200000 | Bulgarian Energy Holding EAD, 4.25%, due 6/19/2030 | &nbsp;&nbsp; **236597**<br> <sup>(c)</sup><br>|
| **Chile 2.6%** | **Chile 2.6%** | **Chile 2.6%** |
| $200000 | Antofagasta PLC, 6.25%, due 5/2/2034 | &nbsp;&nbsp; 214059<br> <sup>(c)</sup><br>|
| 200000 | Banco de Credito e Inversiones SA, 8.75%, due 5/8/2029 | &nbsp;&nbsp; 215863<br> <sup>(c)(f)(g)</sup><br>|
|  | Corp. Nacional del Cobre de Chile |  |
| 280000 | &nbsp;&nbsp;&nbsp; 5.95%, due 1/8/2034 | &nbsp;&nbsp; 292989<br> <sup>(c)</sup><br>|
| 548000 | &nbsp;&nbsp;&nbsp; 6.33%, due 1/13/2035 | &nbsp;&nbsp; 581669<br> <sup>(b)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 6.33%, due 1/13/2035 | &nbsp;&nbsp; 212288<br> <sup>(c)</sup><br>|
| 770000 | &nbsp;&nbsp;&nbsp; 6.44%, due 1/26/2036 | &nbsp;&nbsp; 828763<br> <sup>(c)</sup><br>|
| 560000 | Empresa Nacional del Petroleo, 6.15%, due 5/10/2033 | &nbsp;&nbsp; 594563<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2940194** |
| **Colombia 1.5%** | **Colombia 1.5%** | **Colombia 1.5%** |
| 200000 | Bancolombia SA, 8.63%, due 12/24/2034 | &nbsp;&nbsp; 213733<br> <sup>(f)</sup><br>|
|  | Grupo Nutresa SA |  |
| 820000 | &nbsp;&nbsp;&nbsp; 8.00%, due 5/12/2030 | &nbsp;&nbsp; 873280<br> <sup>(b)</sup><br>|
| 300000 | &nbsp;&nbsp;&nbsp; 9.00%, due 5/12/2035 | &nbsp;&nbsp; 334650<br> <sup>(b)</sup><br>|
| 320000 | &nbsp;&nbsp;&nbsp; 9.00%, due 5/12/2035 | &nbsp;&nbsp; 356960<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1778623** |
| **Congo 0.2%** | **Congo 0.2%** | **Congo 0.2%** |
| 200000 | Ivanhoe Mines Ltd., 7.88%, due 1/23/2030 | &nbsp;&nbsp; **208395**<br> <sup>(c)</sup><br>|
| **El Salvador 0.1%** | **El Salvador 0.1%** | **El Salvador 0.1%** |
| 150000 | Comision Ejecutiva Hidroelectrica del Rio Lempa, 8.65%, due 1/24/2033 | &nbsp;&nbsp; **160238**<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Guatemala 0.2%** | **Guatemala 0.2%** | **Guatemala 0.2%** |
| $200000 | CT Trust, 5.13%, due 2/3/2032 | &nbsp;&nbsp; **$190740**<br> <sup>(c)</sup><br>|
| **Hong Kong 0.1%** | **Hong Kong 0.1%** | **Hong Kong 0.1%** |
| 102625 | CS Treasury Management Services P Ltd., 9.00%, due 6/5/2026 | &nbsp;&nbsp; **104887**<br> <sup>(b)(g)(h)</sup><br>|
| **Hungary 0.2%** | **Hungary 0.2%** | **Hungary 0.2%** |
| 200000 | MVM Energetika Zrt, 6.50%, due 3/13/2031 | &nbsp;&nbsp; **211250**<br> <sup>(c)</sup><br>|
| **India 1.1%** | **India 1.1%** | **India 1.1%** |
| 200000 | Adani Ports & Special Economic Zone Ltd., 4.20%, due 8/4/2027 | &nbsp;&nbsp; 197459<br> <sup>(c)</sup><br>|
| 349600 | Greenko Power II Ltd., 4.30%, due 12/13/2028 | &nbsp;&nbsp; 334895<br> <sup>(c)</sup><br>|
| 240000 | Greenko Wind Projects Mauritius Ltd., 7.25%, due 9/27/2028 | &nbsp;&nbsp; 245330<br> <sup>(b)</sup><br>|
| 313000 | Reliance Industries Ltd., 2.88%, due 1/12/2032 | &nbsp;&nbsp; 284545<br> <sup>(b)</sup><br>|
| 200000 | Vedanta Resources Finance II PLC, 9.85%, due 4/24/2033 | &nbsp;&nbsp; 215566<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1277795** |
| **Indonesia 0.8%** | **Indonesia 0.8%** | **Indonesia 0.8%** |
| 310000 | Pertamina Persero PT, 6.45%, due 5/30/2044 | &nbsp;&nbsp; 324505<br> <sup>(c)</sup><br>|
|  | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara |  |
| 500000 | &nbsp;&nbsp;&nbsp; 1.88%, due 11/5/2031 | &nbsp;&nbsp; 529144<br> <sup>(c)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; 1.88%, due 11/5/2031 | &nbsp;&nbsp; 105829<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **959478** |
| **Jamaica 0.2%** | **Jamaica 0.2%** | **Jamaica 0.2%** |
| $200000 | Digicel International Finance Ltd./Difl U.S. LLC, 8.63%, due 8/1/2032 | &nbsp;&nbsp; **207945**<br> <sup>(b)</sup><br>|
| **Kazakhstan 2.0%** | **Kazakhstan 2.0%** | **Kazakhstan 2.0%** |
|  | KazMunayGas National Co. JSC |  |
| 1040000 | &nbsp;&nbsp;&nbsp; 5.38%, due 4/24/2030 | &nbsp;&nbsp; 1064454<br> <sup>(c)</sup><br>|
| 690000 | &nbsp;&nbsp;&nbsp; 3.50%, due 4/14/2033 | &nbsp;&nbsp; 624481<br> <sup>(c)</sup><br>|
| 360000 | &nbsp;&nbsp;&nbsp; 5.75%, due 4/19/2047 | &nbsp;&nbsp; 337519<br> <sup>(c)</sup><br>|
| 320000 | &nbsp;&nbsp;&nbsp; 6.38%, due 10/24/2048 | &nbsp;&nbsp; 320748<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2347202** |
| **Mexico 4.7%** | **Mexico 4.7%** | **Mexico 4.7%** |
| 208000 | &nbsp;&nbsp; BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico, 8.13%, due <br> 1/8/2039<br>| &nbsp;&nbsp; 227147<br> <sup>(b)(f)</sup><br>|
| 200000 | Cemex SAB de CV, 5.13%, due 6/8/2026 | &nbsp;&nbsp; 199674<br> <sup>(c)(f)(g)</sup><br>|
| 1030000 | Comision Federal de Electricidad, 3.35%, due 2/9/2031 | &nbsp;&nbsp; 931345<br> <sup>(c)</sup><br>|
| 198101 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, 7.25%, due 1/31/2041 | &nbsp;&nbsp; 206047<br> <sup>(b)</sup><br>|
|  | Petroleos Mexicanos |  |
| 150000 | &nbsp;&nbsp;&nbsp; 6.75%, due 9/21/2047 | &nbsp;&nbsp; 123684 |
| 4154000 | &nbsp;&nbsp;&nbsp; 7.69%, due 1/23/2050 | &nbsp;&nbsp; 3737025 |
| 69000 | &nbsp;&nbsp;&nbsp; 6.95%, due 1/28/2060 | &nbsp;&nbsp; 56194 |
|  |  | &nbsp;&nbsp; **5481116** |
| **Morocco 0.5%** | **Morocco 0.5%** | **Morocco 0.5%** |
| 500000 | OCP SA, 7.50%, due 5/2/2054 | &nbsp;&nbsp; **544747**<br> <sup>(c)</sup><br>|
| **Panama 0.4%** | **Panama 0.4%** | **Panama 0.4%** |
| 210000 | Aeropuerto Internacional de Tocumen SA, 5.13%, due 8/11/2061 | &nbsp;&nbsp; 169932<br> <sup>(c)</sup><br>|
| 200000 | Banco Nacional de Panama, 2.50%, due 8/11/2030 | &nbsp;&nbsp; 178367<br> <sup>(c)</sup><br>|
| 200000 | Empresa de Transmision Electrica SA, 5.13%, due 5/2/2049 | &nbsp;&nbsp; 154386<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **502685** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Peru 0.9%** | **Peru 0.9%** | **Peru 0.9%** |
| $200000 | Minsur SA, 4.50%, due 10/28/2031 | &nbsp;&nbsp; $192211<br> <sup>(c)</sup><br>|
| 200000 | Niagara Energy SAC, 5.75%, due 10/3/2034 | &nbsp;&nbsp; 202819<br> <sup>(c)</sup><br>|
|  | Petroleos del Peru SA |  |
| 247000 | &nbsp;&nbsp;&nbsp; 5.63%, due 6/19/2047 | &nbsp;&nbsp; 165828<br> <sup>(b)</sup><br>|
| 650000 | &nbsp;&nbsp;&nbsp; 5.63%, due 6/19/2047 | &nbsp;&nbsp; 436391<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **997249** |
| **Qatar 0.1%** | **Qatar 0.1%** | **Qatar 0.1%** |
| 200000 | QatarEnergy, 3.13%, due 7/12/2041 | &nbsp;&nbsp; **152937**<br> <sup>(b)</sup><br>|
| **Saudi Arabia 2.1%** | **Saudi Arabia 2.1%** | **Saudi Arabia 2.1%** |
|  | Avilease Capital Ltd. |  |
| 357000 | &nbsp;&nbsp;&nbsp; 4.75%, due 11/12/2030 | &nbsp;&nbsp; 354462<br> <sup>(b)</sup><br>|
| 230000 | &nbsp;&nbsp;&nbsp; 4.75%, due 11/12/2030 | &nbsp;&nbsp; 228412<br> <sup>(c)</sup><br>|
| 600000 | Gaci First Investment Co., 5.63%, due 7/29/2034 | &nbsp;&nbsp; 621950<br> <sup>(c)</sup><br>|
|  | Saudi Arabian Oil Co. |  |
| 200000 | &nbsp;&nbsp;&nbsp; 4.25%, due 4/16/2039 | &nbsp;&nbsp; 178887<br> <sup>(c)</sup><br>|
| 1050000 | &nbsp;&nbsp;&nbsp; 6.38%, due 6/2/2055 | &nbsp;&nbsp; 1077711<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2461422** |
| **Serbia 0.2%** | **Serbia 0.2%** | **Serbia 0.2%** |
| 200000 | Telecommunications Co. Telekom Srbija AD Belgrade, 7.00%, due 10/28/2029 | &nbsp;&nbsp; **200964**<br> <sup>(c)</sup><br>|
| **South Africa 0.6%** | **South Africa 0.6%** | **South Africa 0.6%** |
| 200000 | Prosus NV, 3.83%, due 2/8/2051 | &nbsp;&nbsp; 132899<br> <sup>(c)</sup><br>|
|  | Sasol Financing USA LLC |  |
| 260000 | &nbsp;&nbsp;&nbsp; 8.75%, due 5/3/2029 | &nbsp;&nbsp; 267045<br> <sup>(b)</sup><br>|
| 300000 | &nbsp;&nbsp;&nbsp; 8.75%, due 5/3/2029 | &nbsp;&nbsp; 308128<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **708072** |
| **Supranational 0.9%** | **Supranational 0.9%** | **Supranational 0.9%** |
|  | Banque Ouest Africaine de Developpement |  |
| 205000 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/27/2027 | &nbsp;&nbsp; 204867<br> <sup>(b)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 4.70%, due 10/22/2031 | &nbsp;&nbsp; 185819<br> <sup>(b)</sup><br>|
| 335000 | &nbsp;&nbsp;&nbsp; 6.25%, due 10/14/2040 | &nbsp;&nbsp; 386708<br> <sup>(b)</sup><br>|
| $200000 | &nbsp;&nbsp;&nbsp; 8.20%, due 2/13/2055 | &nbsp;&nbsp; 202285<br> <sup>(b)(f)</sup><br>|
|  |  | &nbsp;&nbsp; **979679** |
| **Turkey 0.4%** | **Turkey 0.4%** | **Turkey 0.4%** |
| 240000 | Turkiye Is Bankasi AS, 7.75%, due 6/12/2029 | &nbsp;&nbsp; 253595<br> <sup>(b)</sup><br>|
| 200000 | Turkiye Vakiflar Bankasi TAO, 7.25%, due 7/31/2030 | &nbsp;&nbsp; 206366<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **459961** |
| **Ukraine 0.1%** | **Ukraine 0.1%** | **Ukraine 0.1%** |
| 128508 | NAK Naftogaz Ukraine via Kondor Finance PLC, 7.13%, due 7/19/2026 | &nbsp;&nbsp; **126431**<br> <sup>(c)</sup><br>|
| **United Arab Emirates 2.2%** | **United Arab Emirates 2.2%** | **United Arab Emirates 2.2%** |
| $780000 | Abu Dhabi Crude Oil Pipeline LLC, 4.60%, due 11/2/2047 | &nbsp;&nbsp; 718412<br> <sup>(c)</sup><br>|
| 200000 | Abu Dhabi National Energy Co. PJSC, 2.00%, due 4/29/2028 | &nbsp;&nbsp; 190610<br> <sup>(b)</sup><br>|
| 220000 | Adnoc Murban Rsc Ltd., 5.13%, due 9/11/2054 | &nbsp;&nbsp; 204516<br> <sup>(c)</sup><br>|
| 308000 | DAE Funding LLC, 4.95%, due 1/15/2033 | &nbsp;&nbsp; 303968<br> <sup>(b)</sup><br>|
| 338000 | DAE Sukuk Difc Ltd., 4.50%, due 10/16/2030 | &nbsp;&nbsp; 333035<br> <sup>(b)</sup><br>|
| 410000 | DP World Ltd., 6.85%, due 7/2/2037 | &nbsp;&nbsp; 455709<br> <sup>(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **United Arab Emirates – cont'd** | **United Arab Emirates – cont'd** | **United Arab Emirates – cont'd** |
|  | Galaxy Pipeline Assets Bidco Ltd. |  |
| $200000 | &nbsp;&nbsp;&nbsp; 2.63%, due 3/31/2036 | &nbsp;&nbsp; $176036<br> <sup>(b)</sup><br>|
| 173276 | &nbsp;&nbsp;&nbsp; 2.94%, due 9/30/2040 | &nbsp;&nbsp; 146820<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **2529106** |
| **Uzbekistan 0.6%** | **Uzbekistan 0.6%** | **Uzbekistan 0.6%** |
| 680000 | Navoi Mining & Metallurgical Combinat, 6.95%, due 10/17/2031 | &nbsp;&nbsp; **729123**<br> <sup>(b)</sup><br>|
| **Venezuela 1.3%** | **Venezuela 1.3%** | **Venezuela 1.3%** |
|  | Petroleos de Venezuela SA |  |
| 1682409 | &nbsp;&nbsp;&nbsp; 6.00%, due 5/16/2024 | &nbsp;&nbsp; 509770<br> <sup>(c)(d)</sup><br>|
| 3471452 | &nbsp;&nbsp;&nbsp; 6.00%, due 11/15/2026 | &nbsp;&nbsp; 1041436<br> <sup>(c)(d)</sup><br>|
|  |  | &nbsp;&nbsp; **1551206** |
| **Total Corporate Bonds (Cost $29,872,651)** | **Total Corporate Bonds (Cost $29,872,651)** | &nbsp;&nbsp; **30419902** |
| **Foreign Government Securities 67.9%** | **Foreign Government Securities 67.9%** | **Foreign Government Securities 67.9%** |
| **Angola 0.8%** | **Angola 0.8%** | **Angola 0.8%** |
|  | Angolan Government International Bonds |  |
| 320000 | &nbsp;&nbsp;&nbsp; 9.24%, due 1/15/2031 | &nbsp;&nbsp; 322041<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 8.75%, due 4/14/2032 | &nbsp;&nbsp; 195667<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 9.88%, due 10/15/2035 | &nbsp;&nbsp; 201062<br> <sup>(c)</sup><br>|
| 258000 | &nbsp;&nbsp;&nbsp; 9.38%, due 5/8/2048 | &nbsp;&nbsp; 229515<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **948285** |
| **Argentina 3.9%** | **Argentina 3.9%** | **Argentina 3.9%** |
|  | Argentine Republic Government International Bonds |  |
| 2114640 | &nbsp;&nbsp;&nbsp; 0.75%, due 7/9/2030 | &nbsp;&nbsp; 1788985<br> <sup>(h)</sup><br>|
| 76555 | &nbsp;&nbsp;&nbsp; 0.13%, due 7/9/2030 | &nbsp;&nbsp; 76002 |
| $1771969 | &nbsp;&nbsp;&nbsp; 4.13%, due 7/9/2035 | &nbsp;&nbsp; 1370618<br> <sup>(h)</sup><br>|
| 270227 | &nbsp;&nbsp;&nbsp; 4.13%, due 7/9/2046 | &nbsp;&nbsp; 197942<br> <sup>(h)</sup><br>|
| 361000 | Province of Santa Fe, 8.10%, due 12/11/2034 | &nbsp;&nbsp; 351452<br> <sup>(b)</sup><br>|
| 871562 | Provincia de Buenos Aires Government Bonds, 6.63%, due 9/1/2037 | &nbsp;&nbsp; 703786<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **4488785** |
| **Azerbaijan 2.1%** | **Azerbaijan 2.1%** | **Azerbaijan 2.1%** |
| 200000 | Republic of Azerbaijan International Bonds, 3.50%, due 9/1/2032 | &nbsp;&nbsp; 186298<br> <sup>(c)</sup><br>|
|  | State Oil Co. of the Azerbaijan Republic |  |
| 1900000 | &nbsp;&nbsp;&nbsp; 6.95%, due 3/18/2030 | &nbsp;&nbsp; 2050425<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 6.95%, due 3/18/2030 | &nbsp;&nbsp; 215834<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2452557** |
| **Bahamas 0.8%** | **Bahamas 0.8%** | **Bahamas 0.8%** |
| 814000 | Bahamas Government International Bonds, 8.25%, due 6/24/2036 | &nbsp;&nbsp; **907862**<br> <sup>(c)</sup><br>|
| **Benin 0.4%** | **Benin 0.4%** | **Benin 0.4%** |
|  | Benin Government International Bonds |  |
| 100000 | &nbsp;&nbsp;&nbsp; 4.95%, due 1/22/2035 | &nbsp;&nbsp; 111261<br> <sup>(c)</sup><br>|
| $300000 | &nbsp;&nbsp;&nbsp; 7.96%, due 2/13/2038 | &nbsp;&nbsp; 313740<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **425001** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Bermuda 0.7%** | **Bermuda 0.7%** | **Bermuda 0.7%** |
|  | Bermuda Government International Bonds |  |
| $200000 | &nbsp;&nbsp;&nbsp; 3.72%, due 1/25/2027 | &nbsp;&nbsp; $198948<br> <sup>(c)</sup><br>|
| 580000 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/15/2032 | &nbsp;&nbsp; 585609<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **784557** |
| **Brazil 1.9%** | **Brazil 1.9%** | **Brazil 1.9%** |
|  | Brazil Government International Bonds |  |
| 206000 | &nbsp;&nbsp;&nbsp; 5.50%, due 2/4/2033 | &nbsp;&nbsp; 203013 |
| 920000 | &nbsp;&nbsp;&nbsp; 6.63%, due 3/15/2035 | &nbsp;&nbsp; 945300 |
| 959000 | &nbsp;&nbsp;&nbsp; 7.25%, due 1/12/2056 | &nbsp;&nbsp; 957082 |
| 120000 | Brazil Minas SPE via State of Minas Gerais, 5.33%, due 2/15/2028 | &nbsp;&nbsp; 120565<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2225960** |
| **Bulgaria 0.4%** | **Bulgaria 0.4%** | **Bulgaria 0.4%** |
| 470000 | Bulgaria Government International Bonds, 5.00%, due 3/5/2037 | &nbsp;&nbsp; **463383**<br> <sup>(c)</sup><br>|
| **Chile 0.4%** | **Chile 0.4%** | **Chile 0.4%** |
| 490000 | Chile Government International Bonds, 5.65%, due 1/13/2037 | &nbsp;&nbsp; **516705** |
| **Colombia 2.0%** | **Colombia 2.0%** | **Colombia 2.0%** |
|  | Colombia Government International Bonds |  |
| 200000 | &nbsp;&nbsp;&nbsp; 6.13%, due 1/21/2031 | &nbsp;&nbsp; 199160 |
| 600000 | &nbsp;&nbsp;&nbsp; 6.50%, due 1/21/2033 | &nbsp;&nbsp; 594270 |
| 700000 | &nbsp;&nbsp;&nbsp; 8.00%, due 4/20/2033 | &nbsp;&nbsp; 751205 |
| 687000 | &nbsp;&nbsp;&nbsp; 6.50%, due 11/26/2038 | &nbsp;&nbsp; 801808 |
|  |  | &nbsp;&nbsp; **2346443** |
| **Costa Rica 1.9%** | **Costa Rica 1.9%** | **Costa Rica 1.9%** |
|  | Costa Rica Government International Bonds |  |
| $380000 | &nbsp;&nbsp;&nbsp; 6.55%, due 4/3/2034 | &nbsp;&nbsp; 411396<br> <sup>(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; 6.00%, due 1/16/2036 | &nbsp;&nbsp; 1223304<br> <sup>(b)</sup><br>|
| $200000 | &nbsp;&nbsp;&nbsp; 7.30%, due 11/13/2054 | &nbsp;&nbsp; 222222<br> <sup>(b)</sup><br>|
| 360000 | &nbsp;&nbsp;&nbsp; 7.30%, due 11/13/2054 | &nbsp;&nbsp; 400000<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2256922** |
| **Cote D'Ivoire 3.5%** | **Cote D'Ivoire 3.5%** | **Cote D'Ivoire 3.5%** |
|  | Ivory Coast Government International Bonds |  |
| 730000 | &nbsp;&nbsp;&nbsp; 5.25%, due 3/22/2030 | &nbsp;&nbsp; 877999<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 5.88%, due 10/17/2031 | &nbsp;&nbsp; 242784<br> <sup>(c)</sup><br>|
| 1557000 | &nbsp;&nbsp;&nbsp; 6.88%, due 10/17/2040 | &nbsp;&nbsp; 1839731<br> <sup>(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; 6.63%, due 3/22/2048 | &nbsp;&nbsp; 1096154<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **4056668** |
| **Dominican Republic 2.8%** | **Dominican Republic 2.8%** | **Dominican Republic 2.8%** |
|  | Dominican Republic International Bonds |  |
| $150000 | &nbsp;&nbsp;&nbsp; 5.95%, due 1/25/2027 | &nbsp;&nbsp; 151650<br> <sup>(c)</sup><br>|
| 270000 | &nbsp;&nbsp;&nbsp; 6.00%, due 7/19/2028 | &nbsp;&nbsp; 276345<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 7.05%, due 2/3/2031 | &nbsp;&nbsp; 213300<br> <sup>(c)</sup><br>|
| 390000 | &nbsp;&nbsp;&nbsp; 4.88%, due 9/23/2032 | &nbsp;&nbsp; 372930<br> <sup>(c)</sup><br>|
| 1210000 | &nbsp;&nbsp;&nbsp; 6.95%, due 3/15/2037 | &nbsp;&nbsp; 1291675<br> <sup>(c)</sup><br>|
| 1055000 | &nbsp;&nbsp;&nbsp; 5.88%, due 1/30/2060 | &nbsp;&nbsp; 936312<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **3242212** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Ecuador 2.8%** | **Ecuador 2.8%** | **Ecuador 2.8%** |
|  | Ecuador Government International Bonds |  |
| $64293 | &nbsp;&nbsp;&nbsp; 0.00%, due 7/31/2030 | &nbsp;&nbsp; $54006<br> <sup>(b)</sup><br>|
| 110483 | &nbsp;&nbsp;&nbsp; 0.00%, due 7/31/2030 | &nbsp;&nbsp; 92806<br> <sup>(c)</sup><br>|
| 66606 | &nbsp;&nbsp;&nbsp; 6.90%, due 7/31/2035 | &nbsp;&nbsp; 60678<br> <sup>(b)</sup><br>|
| 2097880 | &nbsp;&nbsp;&nbsp; 6.90%, due 7/31/2035 | &nbsp;&nbsp; 1911169<br> <sup>(c)</sup><br>|
| 829000 | &nbsp;&nbsp;&nbsp; 9.25%, due 1/29/2039 | &nbsp;&nbsp; 849725<br> <sup>(b)</sup><br>|
| 345160 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/31/2040 | &nbsp;&nbsp; 284757<br> <sup>(c)(h)</sup><br>|
|  |  | &nbsp;&nbsp; **3253141** |
| **Egypt 2.1%** | **Egypt 2.1%** | **Egypt 2.1%** |
|  | Egypt Government International Bonds |  |
| 200000 | &nbsp;&nbsp;&nbsp; 8.70%, due 3/1/2049 | &nbsp;&nbsp; 195815<br> <sup>(c)</sup><br>|
| 167000 | &nbsp;&nbsp;&nbsp; 8.70%, due 3/1/2049 | &nbsp;&nbsp; 163656<br> <sup>(c)</sup><br>|
| 2110000 | &nbsp;&nbsp;&nbsp; 8.88%, due 5/29/2050 | &nbsp;&nbsp; 2088026<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2447497** |
| **El Salvador 1.2%** | **El Salvador 1.2%** | **El Salvador 1.2%** |
|  | El Salvador Government International Bonds |  |
| 280000 | &nbsp;&nbsp;&nbsp; 9.25%, due 4/17/2030 | &nbsp;&nbsp; 303100<br> <sup>(c)</sup><br>|
| 926000 | &nbsp;&nbsp;&nbsp; 9.50%, due 7/15/2052 | &nbsp;&nbsp; 1051279<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1354379** |
| **Ethiopia 0.5%** | **Ethiopia 0.5%** | **Ethiopia 0.5%** |
| 600000 | Ethiopia International Bonds, 6.63%, due 12/11/2024 | &nbsp;&nbsp; **633000**<br> <sup>(c)(d)</sup><br>|
| **Ghana 1.8%** | **Ghana 1.8%** | **Ghana 1.8%** |
|  | Ghana Government International Bonds |  |
| 12800 | &nbsp;&nbsp;&nbsp; 0.00%, due 7/3/2026 | &nbsp;&nbsp; 12491<br> <sup>(b)</sup><br>|
| 338800 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/3/2029 | &nbsp;&nbsp; 331381<br> <sup>(b)(h)</sup><br>|
| 280000 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/3/2029 | &nbsp;&nbsp; 274380<br> <sup>(c)(h)</sup><br>|
| 356800 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/3/2035 | &nbsp;&nbsp; 325318<br> <sup>(b)(h)</sup><br>|
| 1210000 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/3/2035 | &nbsp;&nbsp; 1103436<br> <sup>(c)(h)</sup><br>|
|  |  | &nbsp;&nbsp; **2047006** |
| **Guatemala 2.2%** | **Guatemala 2.2%** | **Guatemala 2.2%** |
|  | Guatemala Government Bonds |  |
| 690000 | &nbsp;&nbsp;&nbsp; 7.05%, due 10/4/2032 | &nbsp;&nbsp; 753652<br> <sup>(c)</sup><br>|
| 1630000 | &nbsp;&nbsp;&nbsp; 6.60%, due 6/13/2036 | &nbsp;&nbsp; 1741215<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2494867** |
| **Honduras 1.5%** | **Honduras 1.5%** | **Honduras 1.5%** |
| 1560000 | Honduras Government International Bonds, 8.63%, due 11/27/2034 | &nbsp;&nbsp; **1794203**<br> <sup>(c)</sup><br>|
| **Hungary 1.2%** | **Hungary 1.2%** | **Hungary 1.2%** |
|  | Hungary Government International Bonds |  |
| 200000 | &nbsp;&nbsp;&nbsp; 5.38%, due 9/26/2030 | &nbsp;&nbsp; 204765<br> <sup>(c)</sup><br>|
| 263000 | &nbsp;&nbsp;&nbsp; 5.50%, due 6/16/2034 | &nbsp;&nbsp; 265591<br> <sup>(c)</sup><br>|
| 300000 | &nbsp;&nbsp;&nbsp; 6.00%, due 9/26/2035 | &nbsp;&nbsp; 309556<br> <sup>(c)</sup><br>|
| 243000 | &nbsp;&nbsp;&nbsp; 4.88%, due 3/25/2038 | &nbsp;&nbsp; 290216<br> <sup>(c)</sup><br>|
| 290000 | Magyar Export-Import Bank Zrt, 4.50%, due 11/27/2031 | &nbsp;&nbsp; 350365<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1420493** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Indonesia 0.6%** | **Indonesia 0.6%** | **Indonesia 0.6%** |
| $647000 | Perusahaan Penerbit SBSN Indonesia III, 5.00%, due 12/1/2035 | &nbsp;&nbsp; **$642637**<br> <sup>(b)</sup><br>|
| **Iraq 0.1%** | **Iraq 0.1%** | **Iraq 0.1%** |
| 82500 | Iraq International Bonds, 5.80%, due 1/15/2028 | &nbsp;&nbsp; **82102**<br> <sup>(c)</sup><br>|
| **Kazakhstan 1.2%** | **Kazakhstan 1.2%** | **Kazakhstan 1.2%** |
| 355000 | Baiterek National Managing Holding JSC, 4.65%, due 10/1/2030 | &nbsp;&nbsp; 353421<br> <sup>(b)</sup><br>|
|  | Development Bank of Kazakhstan JSC |  |
| 250000 | &nbsp;&nbsp;&nbsp; 5.63%, due 4/7/2030 | &nbsp;&nbsp; 258723<br> <sup>(c)</sup><br>|
| 364000 | &nbsp;&nbsp;&nbsp; 4.60%, due 1/31/2031 | &nbsp;&nbsp; 360955<br> <sup>(b)</sup><br>|
| 410000 | Kazakhstan Government International Bonds, 5.50%, due 7/1/2037 | &nbsp;&nbsp; 416390<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1389489** |
| **Lebanon 1.1%** | **Lebanon 1.1%** | **Lebanon 1.1%** |
|  | Lebanon Government International Bonds |  |
| 362000 | &nbsp;&nbsp;&nbsp; 6.38%, due 3/9/2020 | &nbsp;&nbsp; 105722<br> <sup>(c)(d)</sup><br>|
| 4147000 | &nbsp;&nbsp;&nbsp; 8.25%, due 5/17/2034 | &nbsp;&nbsp; 1209597<br> <sup>(c)(d)</sup><br>|
|  |  | &nbsp;&nbsp; **1315319** |
| **Mexico 1.4%** | **Mexico 1.4%** | **Mexico 1.4%** |
|  | Mexico Government International Bonds |  |
| 286000 | &nbsp;&nbsp;&nbsp; 5.38%, due 3/22/2033 | &nbsp;&nbsp; 281639 |
| 286000 | &nbsp;&nbsp;&nbsp; 6.13%, due 2/9/2038 | &nbsp;&nbsp; 284856 |
| 1250000 | &nbsp;&nbsp;&nbsp; 5.75%, due 10/12/2110 | &nbsp;&nbsp; 1036687 |
|  |  | &nbsp;&nbsp; **1603182** |
| **Mongolia 1.2%** | **Mongolia 1.2%** | **Mongolia 1.2%** |
| 250000 | Development Bank of Mongolia LLC, 8.50%, due 7/3/2028 | &nbsp;&nbsp; 259500<br> <sup>(c)</sup><br>|
|  | Mongolia Government International Bonds |  |
| 200000 | &nbsp;&nbsp;&nbsp; 3.50%, due 7/7/2027 | &nbsp;&nbsp; 195603<br> <sup>(c)</sup><br>|
| 950000 | &nbsp;&nbsp;&nbsp; 4.45%, due 7/7/2031 | &nbsp;&nbsp; 890477<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1345580** |
| **Morocco 0.7%** | **Morocco 0.7%** | **Morocco 0.7%** |
| 207000 | Kingdom of Morocco, 4.75%, due 4/2/2035 | &nbsp;&nbsp; 248962<br> <sup>(c)</sup><br>|
| $600000 | Morocco Government International Bonds, 3.00%, due 12/15/2032 | &nbsp;&nbsp; 523005<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **771967** |
| **Nigeria 2.8%** | **Nigeria 2.8%** | **Nigeria 2.8%** |
|  | Nigeria Government International Bonds |  |
| 400000 | &nbsp;&nbsp;&nbsp; 8.75%, due 1/21/2031 | &nbsp;&nbsp; 434584<br> <sup>(c)</sup><br>|
| 600000 | &nbsp;&nbsp;&nbsp; 10.38%, due 12/9/2034 | &nbsp;&nbsp; 708771<br> <sup>(c)</sup><br>|
| 209000 | &nbsp;&nbsp;&nbsp; 8.63%, due 1/13/2036 | &nbsp;&nbsp; 223385<br> <sup>(c)</sup><br>|
| 1240000 | &nbsp;&nbsp;&nbsp; 7.70%, due 2/23/2038 | &nbsp;&nbsp; 1226446<br> <sup>(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 9.13%, due 1/13/2046 | &nbsp;&nbsp; 214293<br> <sup>(c)</sup><br>|
| 450000 | &nbsp;&nbsp;&nbsp; 8.25%, due 9/28/2051 | &nbsp;&nbsp; 442016<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **3249495** |
| **Oman 1.8%** | **Oman 1.8%** | **Oman 1.8%** |
|  | Oman Government International Bonds |  |
| 512000 | &nbsp;&nbsp;&nbsp; 6.00%, due 8/1/2029 | &nbsp;&nbsp; 533998<br> <sup>(c)</sup><br>|
| 760000 | &nbsp;&nbsp;&nbsp; 6.75%, due 1/17/2048 | &nbsp;&nbsp; 819936<br> <sup>(c)</sup><br>|
| 215000 | &nbsp;&nbsp;&nbsp; 6.75%, due 1/17/2048 | &nbsp;&nbsp; 231985<br> <sup>(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Oman – cont'd** | **Oman – cont'd** | **Oman – cont'd** |
| $400000 | &nbsp;&nbsp;&nbsp; 7.00%, due 1/25/2051 | &nbsp;&nbsp; $446686<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **2032605** |
| **Panama 0.4%** | **Panama 0.4%** | **Panama 0.4%** |
| 530000 | Panama Government International Bonds, 2.25%, due 9/29/2032 | &nbsp;&nbsp; **437197** |
| **Papua New Guinea 0.4%** | **Papua New Guinea 0.4%** | **Papua New Guinea 0.4%** |
| 400000 | Papua New Guinea Government International Bonds, 8.38%, due 10/4/2028 | &nbsp;&nbsp; **417136**<br> <sup>(c)</sup><br>|
| **Paraguay 1.1%** | **Paraguay 1.1%** | **Paraguay 1.1%** |
|  | Paraguay Government International Bonds |  |
| 650000 | &nbsp;&nbsp;&nbsp; 3.85%, due 6/28/2033 | &nbsp;&nbsp; 609537<br> <sup>(c)</sup><br>|
| 230000 | &nbsp;&nbsp;&nbsp; 6.10%, due 8/11/2044 | &nbsp;&nbsp; 234285<br> <sup>(c)</sup><br>|
| 480000 | &nbsp;&nbsp;&nbsp; 5.60%, due 3/13/2048 | &nbsp;&nbsp; 456048<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1299870** |
| **Peru 0.9%** | **Peru 0.9%** | **Peru 0.9%** |
|  | Peruvian Government International Bonds |  |
| 900000 | &nbsp;&nbsp;&nbsp; 5.38%, due 2/8/2035 | &nbsp;&nbsp; 916650 |
| 100000 | &nbsp;&nbsp;&nbsp; 6.55%, due 3/14/2037 | &nbsp;&nbsp; 109870 |
|  |  | &nbsp;&nbsp; **1026520** |
| **Philippines 0.3%** | **Philippines 0.3%** | **Philippines 0.3%** |
| 370000 | Philippines Government International Bonds, 1.75%, due 4/28/2041 | &nbsp;&nbsp; **314277** |
| **Poland 1.6%** | **Poland 1.6%** | **Poland 1.6%** |
|  | Bank Gospodarstwa Krajowego |  |
| $200000 | &nbsp;&nbsp;&nbsp; 5.38%, due 5/22/2033 | &nbsp;&nbsp; 206206<br> <sup>(c)</sup><br>|
| 690000 | &nbsp;&nbsp;&nbsp; 5.75%, due 7/9/2034 | &nbsp;&nbsp; 724797<br> <sup>(c)</sup><br>|
| 900000 | Republic of Poland Government International Bonds, 5.13%, due 9/18/2034 | &nbsp;&nbsp; 912882 |
|  |  | &nbsp;&nbsp; **1843885** |
| **Republic of Cameroon 0.4%** | **Republic of Cameroon 0.4%** | **Republic of Cameroon 0.4%** |
| 501000 | Republic of Cameroon International Bonds, 5.95%, due 7/7/2032 | &nbsp;&nbsp; **518974**<br> <sup>(c)</sup><br>|
| **Romania 4.6%** | **Romania 4.6%** | **Romania 4.6%** |
|  | Romania Government International Bonds |  |
| 88000 | &nbsp;&nbsp;&nbsp; 5.13%, due 9/24/2031 | &nbsp;&nbsp; 108505<br> <sup>(c)</sup><br>|
| 491000 | &nbsp;&nbsp;&nbsp; 2.00%, due 1/28/2032 | &nbsp;&nbsp; 508710<br> <sup>(c)</sup><br>|
| 77000 | &nbsp;&nbsp;&nbsp; 5.25%, due 5/30/2032 | &nbsp;&nbsp; 95194<br> <sup>(c)</sup><br>|
| 102000 | &nbsp;&nbsp;&nbsp; 6.38%, due 9/18/2033 | &nbsp;&nbsp; 132091<br> <sup>(c)</sup><br>|
| $950000 | &nbsp;&nbsp;&nbsp; 5.75%, due 3/24/2035 | &nbsp;&nbsp; 942423<br> <sup>(c)</sup><br>|
| 2628000 | &nbsp;&nbsp;&nbsp; 7.50%, due 2/10/2037 | &nbsp;&nbsp; 2919815<br> <sup>(c)</sup><br>|
| 465000 | &nbsp;&nbsp;&nbsp; 6.75%, due 7/11/2039 | &nbsp;&nbsp; 592886<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **5299624** |
| **Serbia 0.3%** | **Serbia 0.3%** | **Serbia 0.3%** |
| 370000 | Serbia International Bonds, 1.65%, due 3/3/2033 | &nbsp;&nbsp; **372763**<br> <sup>(c)</sup><br>|
| **South Africa 2.6%** | **South Africa 2.6%** | **South Africa 2.6%** |
|  | Republic of South Africa Government International Bonds |  |
| $485000 | &nbsp;&nbsp;&nbsp; 7.10%, due 11/19/2036 | &nbsp;&nbsp; 514245<br> <sup>(c)</sup><br>|
| 400000 | &nbsp;&nbsp;&nbsp; 6.13%, due 12/11/2037 | &nbsp;&nbsp; 388056<br> <sup>(c)</sup><br>|
| 273000 | &nbsp;&nbsp;&nbsp; 5.65%, due 9/27/2047 | &nbsp;&nbsp; 225589 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **South Africa – cont'd** | **South Africa – cont'd** | **South Africa – cont'd** | **South Africa – cont'd** |
| $| 2090000 | &nbsp;&nbsp;&nbsp; 5.75%, due 9/30/2049 | &nbsp;&nbsp; $1721268 |
|  | 200000 | &nbsp;&nbsp;&nbsp; 7.95%, due 11/19/2054 | &nbsp;&nbsp; 209970<br> <sup>(c)</sup><br>|
|  |  |  | &nbsp;&nbsp; **3059128** |
| **Sri Lanka 3.1%** | **Sri Lanka 3.1%** | **Sri Lanka 3.1%** | **Sri Lanka 3.1%** |
|  |  | Sri Lanka Government International Bonds |  |
|  | 1150000 | &nbsp;&nbsp;&nbsp; 3.10%, due 1/15/2030 | &nbsp;&nbsp; 1134147<br> <sup>(c)(h)</sup><br>|
|  | 181298 | &nbsp;&nbsp;&nbsp; 3.60%, due 5/15/2036 | &nbsp;&nbsp; 179076<br> <sup>(b)(h)</sup><br>|
|  | 362749 | &nbsp;&nbsp;&nbsp; 3.60%, due 2/15/2038 | &nbsp;&nbsp; 359119<br> <sup>(b)(h)</sup><br>|
|  | 1970000 | &nbsp;&nbsp;&nbsp; 3.60%, due 2/15/2038 | &nbsp;&nbsp; 1950289<br> <sup>(c)(h)</sup><br>|
|  |  |  | &nbsp;&nbsp; **3622631** |
| **Suriname 0.4%** | **Suriname 0.4%** | **Suriname 0.4%** | **Suriname 0.4%** |
|  |  | Suriname Government International Bonds |  |
|  | 200000 | &nbsp;&nbsp;&nbsp; 7.70%, due 11/6/2030 | &nbsp;&nbsp; 207000<br> <sup>(c)</sup><br>|
|  | 213000 | &nbsp;&nbsp;&nbsp; 8.50%, due 11/6/2035 | &nbsp;&nbsp; 228966<br> <sup>(c)</sup><br>|
|  |  |  | &nbsp;&nbsp; **435966** |
| **Trinidad And Tobago 0.4%** | **Trinidad And Tobago 0.4%** | **Trinidad And Tobago 0.4%** | **Trinidad And Tobago 0.4%** |
|  | 422000 | Trinidad & Tobago Government International Bonds, 6.50%, due 1/28/2036 | &nbsp;&nbsp; **418835**<br> <sup>(b)</sup><br>|
| **Turkey 2.7%** | **Turkey 2.7%** | **Turkey 2.7%** | **Turkey 2.7%** |
|  | 300000 | Hazine Mustesarligi Varlik Kiralama AS, 8.51%, due 1/14/2029 | &nbsp;&nbsp; 327781<br> <sup>(b)</sup><br>|
|  |  | Turkiye Government International Bonds |  |
|  | 550000 | &nbsp;&nbsp;&nbsp; 9.13%, due 7/13/2030 | &nbsp;&nbsp; 623054 |
|  | 251000 | &nbsp;&nbsp;&nbsp; 7.63%, due 5/15/2034 | &nbsp;&nbsp; 267279 |
|  | 660000 | &nbsp;&nbsp;&nbsp; 6.50%, due 1/3/2035 | &nbsp;&nbsp; 653974 |
|  | 280000 | &nbsp;&nbsp;&nbsp; 6.80%, due 11/4/2036 | &nbsp;&nbsp; 278841 |
|  | 529000 | &nbsp;&nbsp;&nbsp; 6.88%, due 1/14/2038 | &nbsp;&nbsp; 523921 |
|  |  | Turkiye Ihracat Kredi Bankasi AS |  |
|  | 260000 | &nbsp;&nbsp;&nbsp; 7.50%, due 2/6/2028 | &nbsp;&nbsp; 271967<br> <sup>(c)</sup><br>|
|  | 200000 | &nbsp;&nbsp;&nbsp; 6.38%, due 10/3/2030 | &nbsp;&nbsp; 200603<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **3147420** |
| **Ukraine 1.2%** | **Ukraine 1.2%** | **Ukraine 1.2%** | **Ukraine 1.2%** |
|  |  | Ukraine Government International Bonds |  |
|  | 12306 | &nbsp;&nbsp;&nbsp; 4.50%, due 2/1/2029 | &nbsp;&nbsp; 9555<br> <sup>(c)(h)</sup><br>|
|  | 561460 | &nbsp;&nbsp;&nbsp; 4.00%, due 2/1/2032 | &nbsp;&nbsp; 447482<br> <sup>(b)(h)(i)</sup><br>|
|  | 600000 | &nbsp;&nbsp;&nbsp; 4.50%, due 2/1/2034 | &nbsp;&nbsp; 377887<br> <sup>(c)(h)</sup><br>|
|  | 1080000 | &nbsp;&nbsp;&nbsp; 0.00%, due 2/1/2034 | &nbsp;&nbsp; 527421<br> <sup>(c)(h)</sup><br>|
|  | 48235 | &nbsp;&nbsp;&nbsp; 0.00%, due 2/1/2035 | &nbsp;&nbsp; 27273<br> <sup>(c)(h)</sup><br>|
|  | 21220 | &nbsp;&nbsp;&nbsp; 0.00%, due 2/1/2036 | &nbsp;&nbsp; 11951<br> <sup>(c)(h)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1401569** |
| **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** | **United Arab Emirates 0.2%** |
|  | 370000 | Abu Dhabi Government International Bonds, 2.70%, due 9/2/2070 | &nbsp;&nbsp; **203131**<br> <sup>(c)</sup><br>|
| **Uzbekistan 0.9%** | **Uzbekistan 0.9%** | **Uzbekistan 0.9%** | **Uzbekistan 0.9%** |
|  |  | Uzbekneftegaz JSC |  |
|  | 200000 | &nbsp;&nbsp;&nbsp; 4.75%, due 11/16/2028 | &nbsp;&nbsp; 194492<br> <sup>(b)</sup><br>|
|  | 770000 | &nbsp;&nbsp;&nbsp; 8.75%, due 5/7/2030 | &nbsp;&nbsp; 832846<br> <sup>(c)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1027338** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Venezuela 0.1%** | **Venezuela 0.1%** | **Venezuela 0.1%** |
| $436200 | Venezuela Government International Bonds, 8.25%, due 10/13/2024 | &nbsp;&nbsp; **$159257**<br> <sup>(c)(d)</sup><br>|
| **Zambia 0.5%** | **Zambia 0.5%** | **Zambia 0.5%** |
|  | Zambia Government International Bonds |  |
| 508225 | &nbsp;&nbsp;&nbsp; 5.75%, due 6/30/2033 | &nbsp;&nbsp; 497155<br> <sup>(c)(h)</sup><br>|
| 181682 | &nbsp;&nbsp;&nbsp; 0.50%, due 12/31/2053 | &nbsp;&nbsp; 130902<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **628057** |
| **Total Foreign Government Securities (Cost $72,673,430)** | **Total Foreign Government Securities (Cost $72,673,430)** | &nbsp;&nbsp; **78625880** |
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 3.9%** | **Short-Term Investments 3.9%** | **Short-Term Investments 3.9%** |
| **Investment Companies 3.9%** | **Investment Companies 3.9%** | **Investment Companies 3.9%** |
| 4483725 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, 3.65%<sup>(j)</sup> **(Cost $** <br> **4,483,725)**<br>| &nbsp;&nbsp; **$4483725** |
| **Total Investments 98.1% (Cost $107,029,806)** | **Total Investments 98.1% (Cost $107,029,806)** | &nbsp;&nbsp; **113529507** |
| Other Assets Less Liabilities 1.9% | Other Assets Less Liabilities 1.9% | &nbsp;&nbsp; 2183025<br> <sup>(k)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$115712532** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Principal amount is stated in the currency in which the security is denominated.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At January 31, 2026, these securities amounted to $15,325,909, which represents 13.2% of net assets of
 the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Security exempt from registration pursuant to Regulation S under the Securities Act
 of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States
 and do not involve directed selling efforts in the United States and as such may have restrictions on
 resale. Total value of all such securities at January 31, 2026 amounted to $72,599,163, which represents 62.7%
 of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Defaulted security.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Payment-in-kind (PIK) security.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at
 a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the
 current rate as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(i) All or a portion of this security is pledged as collateral for reverse repurchase
 agreements.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Represents 7-day effective yield as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Includes the impact of the Fund's open positions in derivatives at January 31, 2026.

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY INDUSTRY** | **POSITIONS BY INDUSTRY** | **POSITIONS BY INDUSTRY** |
| **Industry** | **Investments at** <br>**Value**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage of** <br>**Net Assets**<br>|
| Foreign Government\* | &nbsp;&nbsp; $73522102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63.5<br> %<br>|
| Oil & Gas | &nbsp;&nbsp; 16007477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.8<br> %<br>|
| Mining | &nbsp;&nbsp; 3475063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.0<br> %<br>|
| Banks | &nbsp;&nbsp; 3105252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.7<br> %<br>|
| Electric | &nbsp;&nbsp; 2928265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.5<br> %<br>|
| Food | &nbsp;&nbsp; 1564890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.4<br> %<br>|
| Pipelines | &nbsp;&nbsp; 1342516 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.2<br> %<br>|
| Chemicals | &nbsp;&nbsp; 1327276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.2<br> %<br>|
| Diversified Financial Services | &nbsp;&nbsp; 1020796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.9<br> %<br>|
| Multi-National\* | &nbsp;&nbsp; 979679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.8<br> %<br>|
| Commercial Services | &nbsp;&nbsp; 653168 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.6<br> %<br>|
| Investment Companies | &nbsp;&nbsp; 621950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.5<br> %<br>|
| Telecommunications | &nbsp;&nbsp; 599649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.5<br> %<br>|
| Energy - Alternate Sources | &nbsp;&nbsp; 580225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.5<br> %<br>|
| Iron - Steel | &nbsp;&nbsp; 511001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.4<br> %<br>|
| Trucking & Leasing | &nbsp;&nbsp; 303968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.3<br> %<br>|
| Building Materials | &nbsp;&nbsp; 199674 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.2<br> %<br>|
| Engineering & Construction | &nbsp;&nbsp; 169932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.1<br> %<br>|
| Internet | &nbsp;&nbsp; 132899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.1<br> %<br>|
| Short-Term Investments and Other Assets—Net | &nbsp;&nbsp; 6666750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.8<br> %<br>|
|  | &nbsp;&nbsp; **$115712532** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **100.0%**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Does not constitute an industry.

Reverse Repurchase Agreements

At January 31, 2026, open positions in reverse repurchase agreements for the Fund were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Trade Date** | **Maturity** <br>**Date**<sup>(a)</sup><br>| **Interest** <br>**Rate Paid** <br>**(Received)**<br>| **Principal** <br>**Amount**<br>| **Value** <br>**including** <br>**Accrued** <br>**Interest**<br>| **Type of** <br>**Underlying** <br>**Collateral**<br>| **Value of** <br>**Securities** <br>**Pledged as** <br>**Collateral**<br>| **Remaining** <br>**Contractual** <br>**Maturity** <br>**of the** <br>**Agreements**<sup>(a)</sup><br>|
| Morgan <br> Stanley<br>| 1/21/2026 | Open/Demand | 1.50<br> %<br>| $388653 | $388815 | Foreign Government Securities | $447482 | Overnight and Continuous |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Open reverse repurchase agreement with no specific maturity date. Either party may
 terminate the agreement upon demand.

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At January 31, 2026, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | Euro-Schatz | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $253440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(47)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7 | U.S. Treasury Long Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 805875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12031)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5629289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (11391)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14160859 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (101562)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1996438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (26680)<br>|
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$22845901** | &nbsp;&nbsp;&nbsp;&nbsp; **$(151711)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | Euro-Bobl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(829342)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $640 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 | Euro-Bund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2886599)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2264 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15 | Euro-Buxl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1953693)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38358 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2236562)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20656 |
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$(7906196)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$61918** |
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$(89793)**<br>|

---

**Forward foreign currency contracts ("forward FX contracts")**

At January 31, 2026, open forward FX contracts for the Fund were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| USD | 12051777 | EUR | 10310375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CITI | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2/3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(169622)<br>|
| **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(169622)**<br>|

---

**Credit default swap contracts ("credit default swaps")**

At January 31, 2026, the Fund had outstanding credit default swaps as follows:

**Centrally Cleared Credit Default Swaps — Buy Protection**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Clearinghouse** | **Reference** <br>**Entity**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Financing** <br>**Rate** <br>**Paid** <br>**by** <br>**the Fund**<br>| **Maturity** <br>**Date**<br>| **Upfront** <br>**Payments/** <br>**(Receipts)**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Accrued** <br>**Net** <br>**Interest** <br>**Receivable/** <br>**(Payable)**<br>| **Value** |
| ICE CC | CDX Emerging <br>Markets Index, <br>Ser. 44 V.1<br>| USD | 3728000 | 1.00<br> %<br>3M | 12/20/2030 | $73725 | $(29026) | $(4246) | $40453 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Schedule of Investments

------

Schedule of Investments Emerging Markets Debt Hard Currency ETF^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Corporate Bonds<sup>#</sup> <br>| $— | $30419902 | $— | $30419902 |
| Foreign Government Securities<sup>#</sup> <br>|  | 78625880 |  | 78625880 |
| Short-Term Investments |  | 4483725 |  | 4483725 |
| **Total Investments** | **$—** | **$113529507** | **$—** | **$113529507** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides a geographic categorization as well as a Positions by Industry summary.

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's derivatives as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets | $61918 | $— | $— | $61918 |
| &nbsp;&nbsp;&nbsp; Liabilities | (151711)<br>|  |  | (151711)<br>|
| Forward FX Contracts<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities |  | (169622)<br>|  | (169622)<br>|
| Swaps |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  | 40453 |  | 40453 |
| **Total** | **$(89793)**<br>| **$(129169)**<br>| **$—** | **$(218962)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

@ Futures and forward FX contracts are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

Schedule of Investments Energy Transition & Infrastructure ETF^ (Unaudited)

January 31, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Common Stocks 77.1%** | **Common Stocks 77.1%** | **Common Stocks 77.1%** |
| **Chemicals 1.7%** | **Chemicals 1.7%** | **Chemicals 1.7%** |
| 964 | Air Products & Chemicals, Inc. | &nbsp;&nbsp; $262690 |
| 653 | Linde PLC | &nbsp;&nbsp; 298401 |
|  |  | &nbsp;&nbsp; **561091** |
| **Energy Equipment & Services 3.8%** | **Energy Equipment & Services 3.8%** | **Energy Equipment & Services 3.8%** |
| 17102 | Noble Corp. PLC | &nbsp;&nbsp; 609173 |
| 10360 | Tidewater, Inc. | &nbsp;&nbsp; 647397<br> <sup>\*</sup><br>|
|  |  | &nbsp;&nbsp; **1256570** |
| **Independent Power and Renewable**<br> **Electricity Producers 4.6%** | **Independent Power and Renewable**<br> **Electricity Producers 4.6%** | **Independent Power and Renewable**<br> **Electricity Producers 4.6%** |
| 3267 | Brookfield Renewable Corp. | &nbsp;&nbsp; 136038 |
| 37965 | Clearway Energy, Inc. Class C | &nbsp;&nbsp; 1372434 |
|  |  | &nbsp;&nbsp; **1508472** |
| **Multi-Utilities 5.9%** | **Multi-Utilities 5.9%** | **Multi-Utilities 5.9%** |
| 18951 | CenterPoint Energy, Inc. | &nbsp;&nbsp; 752165 |
| 13459 | Sempra | &nbsp;&nbsp; 1171068 |
|  |  | &nbsp;&nbsp; **1923233** |
| **Oil, Gas & Consumable Fuels 61.1%** | **Oil, Gas & Consumable Fuels 61.1%** | **Oil, Gas & Consumable Fuels 61.1%** |
| 66600 | Antero Midstream Corp. | &nbsp;&nbsp; 1253412 |
| 35254 | Antero Resources Corp. | &nbsp;&nbsp; 1282188<br> <sup>\*</sup><br>|
| 14060 | California Resources Corp. | &nbsp;&nbsp; 752210 |
| 8405 | Cheniere Energy, Inc. | &nbsp;&nbsp; 1777826 |
| 5949 | Chevron Corp. | &nbsp;&nbsp; 1052378 |
| 6330 | ConocoPhillips | &nbsp;&nbsp; 659776 |
| 15731 | DT Midstream, Inc. | &nbsp;&nbsp; 1982421 |
| 15051 | EQT Corp. | &nbsp;&nbsp; 868894 |
| 7253 | Exxon Mobil Corp. | &nbsp;&nbsp; 1025574 |
| 10949 | Hess Midstream LP Class A | &nbsp;&nbsp; 388361 |
| 21209 | Kinetik Holdings, Inc. | &nbsp;&nbsp; 867660 |
| 19561 | Occidental Petroleum Corp. | &nbsp;&nbsp; 887874 |
| 5844 | ONEOK, Inc. | &nbsp;&nbsp; 462786 |
| 8579 | Pembina Pipeline Corp. | &nbsp;&nbsp; 356715 |
| 18406 | Sunococorp LLC | &nbsp;&nbsp; 986930<br> <sup>\*</sup><br>|

---

---

| | | |
|:---|:---|:---|
| **Number of Shares** | **Number of Shares** | **Value** |
| **Oil, Gas & Consumable Fuels – cont'd** | **Oil, Gas & Consumable Fuels – cont'd** | **Oil, Gas & Consumable Fuels – cont'd** |
| 14132 | Targa Resources Corp. | &nbsp;&nbsp; $2840249 |
| 18310 | Tourmaline Oil Corp. | &nbsp;&nbsp; 866520 |
| 27225 | Williams Cos., Inc. | &nbsp;&nbsp; 1831153 |
|  |  | &nbsp;&nbsp; **20142927** |
| **Total Common Stocks (Cost $22,667,913)** | **Total Common Stocks (Cost $22,667,913)** | &nbsp;&nbsp; **25392293** |
| **Number of Units** | **Number of Units** |  |
| **Master Limited Partnerships and Limited**<br> **Partnerships 22.3%** | **Master Limited Partnerships and Limited**<br> **Partnerships 22.3%** | **Master Limited Partnerships and Limited**<br> **Partnerships 22.3%** |
| **Oil, Gas & Consumable Fuels 22.3%** | **Oil, Gas & Consumable Fuels 22.3%** | **Oil, Gas & Consumable Fuels 22.3%** |
| 122100 | Energy Transfer LP | &nbsp;&nbsp; 2252745 |
| 65939 | Enterprise Products Partners LP | &nbsp;&nbsp; 2188515 |
| 9435 | MPLX LP | &nbsp;&nbsp; 527417 |
| 44550 | Plains GP Holdings LP | &nbsp;&nbsp; 912384<br> <sup>\*</sup><br>|
| 35458 | Western Midstream Partners LP | &nbsp;&nbsp; 1470089 |
| **Total Master Limited Partnerships and** <br> **Limited Partnerships (Cost $6,844,473)** | **Total Master Limited Partnerships and** <br> **Limited Partnerships (Cost $6,844,473)** | &nbsp;&nbsp; **7351150** |
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 0.4%** | **Short-Term Investments 0.4%** | **Short-Term Investments 0.4%** |
| **Investment Companies 0.4%** | **Investment Companies 0.4%** | **Investment Companies 0.4%** |
| 152643 | &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money Market <br> Fund Premier Class, <br> 3.65%<sup>(a)</sup> **(Cost $152,643)**<br>| &nbsp;&nbsp; **152643** |
| **Total Investments 99.8%** <br> **(Cost $29,665,029)** | **Total Investments 99.8%** <br> **(Cost $29,665,029)** | &nbsp;&nbsp; **32896086** |
| Other Assets Less Liabilities 0.2% | Other Assets Less Liabilities 0.2% | &nbsp;&nbsp; 51927 |
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$32948013** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

\* Non-income producing security. <br> (a) Represents 7-day effective yield as of January 31, 2026.

See Notes to Schedule of Investments

------

Schedule of Investments Energy Transition & Infrastructure ETF^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| Common Stocks<sup>#</sup> <br>| $25392293 | $— | $— | $25392293 |
| Master Limited Partnerships and Limited <br>Partnerships<sup>#</sup> <br>| 7351150 |  |  | 7351150 |
| Short-Term Investments |  | 152643 |  | 152643 |
| **Total Investments** | **$32743443** | **$152643** | **$—** | **$32896086** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited)

January 31, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Mortgage-Backed Securities 5.2%** | **Mortgage-Backed Securities 5.2%** | **Mortgage-Backed Securities 5.2%** |
| **Collateralized Mortgage Obligations 1.0%** | **Collateralized Mortgage Obligations 1.0%** | **Collateralized Mortgage Obligations 1.0%** |
|  | Connecticut Avenue Securities Trust |  |
| $135000 | &nbsp;&nbsp;&nbsp; Series 2023-R05, Class 1B1, (30 day USD SOFR Average + 4.75%), 8.45%, due 6/25/2043 | &nbsp;&nbsp; $144559<br> <sup>(b)(c)</sup><br>|
| 67000 | &nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1M2, (30 day USD SOFR Average + 1.60%), 5.30%, due 2/25/2045 | &nbsp;&nbsp; 67167<br> <sup>(b)(c)</sup><br>|
| 47000 | &nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1B1, (30 day USD SOFR Average + 1.95%), 5.65%, due 2/25/2045 | &nbsp;&nbsp; 47385<br> <sup>(b)(c)</sup><br>|
| 130000 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. STACR REMIC Trust, Series 2022-HQA1, Class B1, (30 day <br> USD SOFR Average + 7.00%), 10.70%, due 3/25/2042<br>| &nbsp;&nbsp; 138495<br> <sup>(b)(c)</sup><br>|
| 100000 | &nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM2, Class M1, 6.52%, due <br> 1/25/2070<br>| &nbsp;&nbsp; 101810<br> <sup>(b)(d)</sup><br>|
| 85066 | NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A, 6.55%, due 3/25/2032 | &nbsp;&nbsp; 86184<br> <sup>(b)</sup><br>|
| 62280 | Verus Securitization Trust, Series 2024-4, Class A2, 6.57%, due 6/25/2069 | &nbsp;&nbsp; 63225<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **648825** |
| **Commercial Mortgage-Backed 4.2%** | **Commercial Mortgage-Backed 4.2%** | **Commercial Mortgage-Backed 4.2%** |
|  | BANK |  |
| 75000 | &nbsp;&nbsp;&nbsp; Series 2023-BNK45, Class C, 6.31%, due 2/15/2056 | &nbsp;&nbsp; 75320<br> <sup>(d)</sup><br>|
| 75000 | &nbsp;&nbsp;&nbsp; Series 2024-BNK47, Class C, 6.61%, due 6/15/2057 | &nbsp;&nbsp; 76242<br> <sup>(d)</sup><br>|
|  | BANK5 |  |
| 90000 | &nbsp;&nbsp;&nbsp; Series 2024-5YR7, Class D, 4.00%, due 6/15/2057 | &nbsp;&nbsp; 80412<br> <sup>(b)</sup><br>|
| 34000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class C, 5.89%, due 11/15/2058 | &nbsp;&nbsp; 34640<br> <sup>(d)</sup><br>|
| 100000 | &nbsp;&nbsp; BBCMS Mortgage Trust, Series 2018-TALL, Class C, (1 mo. USD Term SOFR + 1.32%), 5.00%, due <br> 3/15/2037<br>| &nbsp;&nbsp; 90510<br> <sup>(b)(c)</sup><br>|
| 95289 | &nbsp;&nbsp; BLP Commercial Mortgage Trust, Series 2025-IND, Class D, (1 mo. USD Term SOFR + 2.25%), <br> 5.93%, due 3/15/2042<br>| &nbsp;&nbsp; 95289<br> <sup>(b)(c)</sup><br>|
| 41000 | BMO Mortgage Trust, Series 2025-5C10, Class C, 6.49%, due 5/15/2058 | &nbsp;&nbsp; 41874<br> <sup>(d)</sup><br>|
|  | BX Trust |  |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2024-VLT4, Class E, (1 mo. USD Term SOFR + 2.89%), 6.57%, due 6/15/2041 | &nbsp;&nbsp; 100000<br> <sup>(b)(c)</sup><br>|
| 101000 | &nbsp;&nbsp;&nbsp; Series 2025-GW, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 7/15/2042 | &nbsp;&nbsp; 101638<br> <sup>(b)(c)</sup><br>|
| 63670 | &nbsp;&nbsp;&nbsp; Series 2025-VLT7, Class D, (1 mo. USD Term SOFR + 3.25%), 6.93%, due 7/15/2044 | &nbsp;&nbsp; 64028<br> <sup>(b)(c)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-VOLT, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 12/15/2044 | &nbsp;&nbsp; 100375<br> <sup>(b)(c)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-LIFE, Class A, 5.88%, due 6/13/2047 | &nbsp;&nbsp; 102538<br> <sup>(b)(d)</sup><br>|
| 28339 | CFCRE Commercial Mortgage Trust, Series 2016-C4, Class D, 4.77%, due 5/10/2058 | &nbsp;&nbsp; 27618<br> <sup>(b)(d)</sup><br>|
|  | CHI Commercial Mortgage Trust |  |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-110W, Class D, 6.63%, due 12/13/2040 | &nbsp;&nbsp; 101322<br> <sup>(b)(d)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-SFT, Class D, 7.57%, due 4/15/2042 | &nbsp;&nbsp; 104061<br> <sup>(b)(d)</sup><br>|
|  | COMM Mortgage Trust |  |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-167G, Class E, 8.20%, due 8/10/2040 | &nbsp;&nbsp; 99721<br> <sup>(b)(d)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2024-CBM, Class D, 7.93%, due 12/10/2041 | &nbsp;&nbsp; 103539<br> <sup>(b)(d)</sup><br>|
| 60000 | &nbsp;&nbsp; CONE Trust, Series 2024-DFW1, Class D, (1 mo. USD Term SOFR + 3.04%), 6.72%, due <br> 8/15/2041<br>| &nbsp;&nbsp; 59939<br> <sup>(b)(c)</sup><br>|
| 100000 | DC Office Trust, Series 2019-MTC, Class C, 3.07%, due 9/15/2045 | &nbsp;&nbsp; 87463<br> <sup>(b)(d)</sup><br>|
|  | IP Mortgage Trust |  |
| 37000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class D, 6.31%, due 6/10/2042 | &nbsp;&nbsp; 37707<br> <sup>(b)(d)</sup><br>|
| 19000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class E, 6.85%, due 6/10/2042 | &nbsp;&nbsp; 19393<br> <sup>(b)(d)</sup><br>|
| 100000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class C, 3.45%, due <br> 1/5/2039<br>| &nbsp;&nbsp; 83500<br> <sup>(b)(d)</sup><br>|
| 140000 | MAD Commercial Mortgage Trust, Series 2025-11MD, Class D, 6.57%, due 10/15/2042 | &nbsp;&nbsp; 143049<br> <sup>(b)(d)</sup><br>|
| 100000 | &nbsp;&nbsp; NYC Commercial Mortgage Trust, Series 2025-3BP, Class D, (1 mo. USD Term SOFR + 2.44%), <br> 6.12%, due 2/15/2042<br>| &nbsp;&nbsp; 100500<br> <sup>(b)(c)</sup><br>|
| 73045 | One Market Plaza Trust, Series 2017-1MKT, Class A, 3.61%, due 2/10/2032 | &nbsp;&nbsp; 70513<br> <sup>(b)</sup><br>|
| 100000 | &nbsp;&nbsp; ONE Mortgage Trust, Series 2021-PARK, Class D, (1 mo. USD Term SOFR + 1.61%), 5.29%, due <br> 3/15/2036<br>| &nbsp;&nbsp; 99806<br> <sup>(b)(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
| $| 100000 | ORL Trust, Series 2024-GLKS, Class D, (1 mo. USD Term SOFR + 2.79%), 6.47%, due 12/15/2039 | &nbsp;&nbsp; $100438<br> <sup>(b)(c)</sup><br>|
|  | 100000 | PRM Trust, Series 2025-PRM6, Class E, 6.58%, due 7/5/2033 | &nbsp;&nbsp; 100495<br> <sup>(b)(d)</sup><br>|
|  | 124000 | ROCK Trust, Series 2024-CNTR, Class D, 7.11%, due 11/13/2041 | &nbsp;&nbsp; 130641<br> <sup>(b)</sup><br>|
|  | 80000 | SDAL Trust, Series 2025-DAL, Class C, (1 mo. USD Term SOFR + 3.94%), 7.62%, due 4/15/2042 | &nbsp;&nbsp; 80600<br> <sup>(b)(c)</sup><br>|
|  | 42000 | &nbsp;&nbsp; SFO Commercial Mortgage Trust, Series 2021-555, Class D, (1 mo. USD Term SOFR + 2.51%), <br> 6.19%, due 5/15/2038<br>| &nbsp;&nbsp; 41843<br> <sup>(b)(c)</sup><br>|
|  | 115000 | &nbsp;&nbsp; SMRT Commercial Mortgage Trust, Series 2022-MINI, Class E, (1 mo. USD Term SOFR + 2.70%), <br> 6.38%, due 1/15/2039<br>| &nbsp;&nbsp; 114712<br> <sup>(b)(c)</sup><br>|
|  | 100000 | Wells Fargo Commercial Mortgage Trust, Series 2024-1CHI, Class D, 6.93%, due 7/15/2035 | &nbsp;&nbsp; 101350<br> <sup>(b)(d)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2771076** |
| **Total Mortgage-Backed Securities (Cost $3,395,159)** | **Total Mortgage-Backed Securities (Cost $3,395,159)** | **Total Mortgage-Backed Securities (Cost $3,395,159)** | &nbsp;&nbsp; **3419901** |
| **Asset-Backed Securities 10.7%** | **Asset-Backed Securities 10.7%** | **Asset-Backed Securities 10.7%** | **Asset-Backed Securities 10.7%** |
| **Home Equity 0.2%** | **Home Equity 0.2%** | **Home Equity 0.2%** | **Home Equity 0.2%** |
|  | 100000 | &nbsp;&nbsp; OBX Trust, Series 2025-HE1, Class M1, (30 day USD SOFR Average + 1.90%), 5.60%, due <br> 2/25/2055<br>| &nbsp;&nbsp; **100845**<br> <sup>(b)(c)</sup><br>|
| **Other 10.2%** | **Other 10.2%** | **Other 10.2%** | **Other 10.2%** |
|  | 500000 | &nbsp;&nbsp; AB BSL CLO 5 Ltd., Series 2024-5A, Class D1, (3 mo. USD Term SOFR + 3.10%), 6.77%, due <br> 1/20/2038<br>| &nbsp;&nbsp; 504065<br> <sup>(b)(c)</sup><br>|
|  | 1250000 | &nbsp;&nbsp; AGL CLO 33 Ltd., Series 2024-33A, Class E, (3 mo. USD Term SOFR + 5.50%), 9.17%, due <br> 7/21/2037<br>| &nbsp;&nbsp; 1250960<br> <sup>(b)(c)</sup><br>|
|  | 1250000 | &nbsp;&nbsp; Ballyrock CLO 27 Ltd., Series 2024-27A, Class C1, (3 mo. USD Term SOFR + 2.90%), 6.57%, due <br> 10/25/2037<br>| &nbsp;&nbsp; 1261221<br> <sup>(b)(c)</sup><br>|
|  | 63450 | Business Jet Securities LLC, Series 2024-1A, Class A, 6.20%, due 5/15/2039 | &nbsp;&nbsp; 64854<br> <sup>(b)</sup><br>|
|  | 100000 | &nbsp;&nbsp; Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC, Series 2025-1A, Class B, <br> 6.51%, due 5/20/2055<br>| &nbsp;&nbsp; 102724<br> <sup>(b)</sup><br>|
|  | 100000 | GreenSky Home Improvement Issuer Trust, Series 2025-1A, Class D, 6.22%, due 3/25/2060 | &nbsp;&nbsp; 101625<br> <sup>(b)</sup><br>|
|  | 100000 | Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035 | &nbsp;&nbsp; 101275<br> <sup>(b)</sup><br>|
|  | 66000 | MetroNet Infrastructure Issuer LLC, Series 2025-2A, Class C, 7.83%, due 8/20/2055 | &nbsp;&nbsp; 68350<br> <sup>(b)</sup><br>|
|  | 75004 | NRM FNT1 Excess LLC, Series 2024-FNT1, Class A, 7.40%, due 11/25/2031 | &nbsp;&nbsp; 76362<br> <sup>(b)</sup><br>|
|  | 500000 | &nbsp;&nbsp; OCP CLO Ltd., Series 2021-23A, Class D1R2, (3 mo. USD Term SOFR + 2.35%), 0.00%, due <br> 1/17/2039<br>| &nbsp;&nbsp; 502092<br> <sup>(b)(c)</sup><br>|
|  |  | Sierra Timeshare Receivables Funding LLC |  |
|  | 29950 | &nbsp;&nbsp;&nbsp; Series 2023-3A, Class C, 7.12%, due 9/20/2040 | &nbsp;&nbsp; 30943<br> <sup>(b)</sup><br>|
|  | 41603 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 5.83%, due 6/20/2041 | &nbsp;&nbsp; 42187<br> <sup>(b)</sup><br>|
|  | 1250000 | &nbsp;&nbsp; Symphony CLO 45 Ltd., Series 2024-45A, Class E, (3 mo. USD Term SOFR + 5.75%), 9.42%, due <br> 10/15/2037<br>| &nbsp;&nbsp; 1263747<br> <sup>(b)(c)</sup><br>|
|  | 1250000 | &nbsp;&nbsp; Wellington Management CLO 3 Ltd., Series 2024-3A, Class D1, (3 mo. USD Term SOFR + 3.00%), <br> 6.67%, due 7/18/2037<br>| &nbsp;&nbsp; 1258587<br> <sup>(b)(c)</sup><br>|
|  | 63000 | Wireless PropCo Funding LLC, Series 2025-1A, Class B, 4.30%, due 6/25/2055 | &nbsp;&nbsp; 60263<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **6689255** |
| **Student Loan 0.3%** | **Student Loan 0.3%** | **Student Loan 0.3%** | **Student Loan 0.3%** |
|  | 224032 | &nbsp;&nbsp; Bayview Opportunity Master Fund VII LLC, Series 2025-EDU1, Class C, (30 day USD SOFR Average <br> + 1.80%), 5.50%, due 7/27/2048<br>| &nbsp;&nbsp; **224032**<br> <sup>(b)(c)</sup><br>|
| **Total Asset-Backed Securities (Cost $6,959,219)** | **Total Asset-Backed Securities (Cost $6,959,219)** | **Total Asset-Backed Securities (Cost $6,959,219)** | &nbsp;&nbsp; **7014132** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Corporate Bonds 61.1%** | **Corporate Bonds 61.1%** | **Corporate Bonds 61.1%** |
| **Advertising 0.5%** | **Advertising 0.5%** | **Advertising 0.5%** |
|  | Clear Channel Outdoor Holdings, Inc. |  |
| $85000 | &nbsp;&nbsp;&nbsp; 7.13%, due 2/15/2031 | &nbsp;&nbsp; $88638<br> <sup>(b)</sup><br>|
| 80000 | &nbsp;&nbsp;&nbsp; 7.50%, due 3/15/2033 | &nbsp;&nbsp; 85003<br> <sup>(b)</sup><br>|
|  | Neptune Bidco U.S., Inc. |  |
| 105000 | &nbsp;&nbsp;&nbsp; 9.29%, due 4/15/2029 | &nbsp;&nbsp; 107815<br> <sup>(b)</sup><br>|
| 30000 | &nbsp;&nbsp;&nbsp; 9.50%, due 2/15/2033 | &nbsp;&nbsp; 30548<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **312004** |
| **Aerospace & Defense 0.7%** | **Aerospace & Defense 0.7%** | **Aerospace & Defense 0.7%** |
| 65000 | AAR Escrow Issuer LLC, 6.75%, due 3/15/2029 | &nbsp;&nbsp; 67275<br> <sup>(b)</sup><br>|
|  | Bombardier, Inc. |  |
| 110000 | &nbsp;&nbsp;&nbsp; 7.25%, due 7/1/2031 | &nbsp;&nbsp; 116783<br> <sup>(b)</sup><br>|
| 15000 | &nbsp;&nbsp;&nbsp; 6.75%, due 6/15/2033 | &nbsp;&nbsp; 15756<br> <sup>(b)</sup><br>|
| 60000 | Goat Holdco LLC, 6.75%, due 2/1/2032 | &nbsp;&nbsp; 61621<br> <sup>(b)</sup><br>|
|  | TransDigm, Inc. |  |
| 110000 | &nbsp;&nbsp;&nbsp; 6.63%, due 3/1/2032 | &nbsp;&nbsp; 113737<br> <sup>(b)</sup><br>|
| 60000 | &nbsp;&nbsp;&nbsp; 6.75%, due 1/31/2034 | &nbsp;&nbsp; 62101<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **437273** |
| **Airlines 0.7%** | **Airlines 0.7%** | **Airlines 0.7%** |
| 90000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, due 4/20/2029 | &nbsp;&nbsp; 90937<br> <sup>(b)</sup><br>|
| 200000 | Avianca Midco 2 PLC, 9.50%, due 1/28/2031 | &nbsp;&nbsp; 204000<br> <sup>(b)</sup><br>|
| 37000 | Gol Finance, Inc., 14.38%, due 6/6/2030 | &nbsp;&nbsp; 38295<br> <sup>(b)</sup><br>|
| 100000 | Transportes Aereos Portugueses SA, 5.13%, due 11/15/2029 | &nbsp;&nbsp; 123094<br> <sup>(e)</sup><br>|
| $25000 | United Airlines Holdings, Inc., 5.38%, due 3/1/2031 | &nbsp;&nbsp; 25248<br> <sup>(f)</sup><br>|
|  |  | &nbsp;&nbsp; **481574** |
| **Apparel 0.5%** | **Apparel 0.5%** | **Apparel 0.5%** |
|  | Beach Acquisition Bidco LLC |  |
| 100000 | &nbsp;&nbsp;&nbsp; 5.25%, due 7/15/2032 | &nbsp;&nbsp; 121281<br> <sup>(e)</sup><br>|
| $84323 | &nbsp;&nbsp;&nbsp; 10.00% Cash/10.75% PIK, due 7/15/2033 | &nbsp;&nbsp; 92784<br> <sup>(b)(g)</sup><br>|
|  | VF Corp. |  |
| 35000 | &nbsp;&nbsp;&nbsp; 2.95%, due 4/23/2030 | &nbsp;&nbsp; 31924 |
| 100000 | &nbsp;&nbsp;&nbsp; 0.63%, due 2/25/2032 | &nbsp;&nbsp; 94650 |
|  |  | &nbsp;&nbsp; **340639** |
| **Auto Manufacturers 0.5%** | **Auto Manufacturers 0.5%** | **Auto Manufacturers 0.5%** |
| $85000 | Allison Transmission, Inc., 5.88%, due 12/1/2033 | &nbsp;&nbsp; 86203<br> <sup>(b)</sup><br>|
| 100000 | Jaguar Land Rover Automotive PLC, 4.50%, due 7/15/2028 | &nbsp;&nbsp; 119442<br> <sup>(e)</sup><br>|
| 100000 | Renault SA, 3.88%, due 9/30/2030 | &nbsp;&nbsp; 119885<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **325530** |
| **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** | **Auto Parts & Equipment 1.6%** |
| $130000 | Clarios Global LP/Clarios U.S. Finance Co., 6.75%, due 9/15/2032 | &nbsp;&nbsp; 134554<br> <sup>(b)</sup><br>|
| 35000 | Dornoch Debt Merger Sub, Inc., 6.63%, due 10/15/2029 | &nbsp;&nbsp; 31166<br> <sup>(b)</sup><br>|
|  | Forvia SE |  |
| 100000 | &nbsp;&nbsp;&nbsp; 5.63%, due 6/15/2030 | &nbsp;&nbsp; 124136<br> <sup>(e)</sup><br>|
| $65000 | &nbsp;&nbsp;&nbsp; 6.75%, due 9/15/2033 | &nbsp;&nbsp; 66647<br> <sup>(b)</sup><br>|
| 170000 | IHO Verwaltungs GmbH, 6.38% Cash/7.13% PIK, due 5/15/2029 | &nbsp;&nbsp; 172030<br> <sup>(b)(g)</sup><br>|
| 100000 | Schaeffler AG, 4.50%, due 3/28/2030 | &nbsp;&nbsp; 122070<br> <sup>(e)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Auto Parts & Equipment – cont'd** | **Auto Parts & Equipment – cont'd** | **Auto Parts & Equipment – cont'd** |
| 100000 | Valeo SE, 4.63%, due 3/23/2032 | &nbsp;&nbsp; $119951<br> <sup>(e)</sup><br>|
| 100000 | ZF Europe Finance BV, 6.13%, due 3/13/2029 | &nbsp;&nbsp; 123673<br> <sup>(e)</sup><br>|
|  | ZF North America Capital, Inc. |  |
| $35000 | &nbsp;&nbsp;&nbsp; 7.13%, due 4/14/2030 | &nbsp;&nbsp; 35818<br> <sup>(b)</sup><br>|
| 105000 | &nbsp;&nbsp;&nbsp; 7.50%, due 3/24/2031 | &nbsp;&nbsp; 107624<br> <sup>(b)</sup><br>|
| 10000 | &nbsp;&nbsp;&nbsp; 6.88%, due 4/23/2032 | &nbsp;&nbsp; 9972<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1047641** |
| **Banks 2.9%** | **Banks 2.9%** | **Banks 2.9%** |
| 200000 | ABN AMRO Bank NV, 6.38%, due 9/22/2034 | &nbsp;&nbsp; 254987<br> <sup>(e)(h)(i)</sup><br>|
| $175000 | Bank of America Corp., 6.63%, due 5/1/2030 | &nbsp;&nbsp; 181828<br> <sup>(h)(i)</sup><br>|
| 150000 | Citigroup, Inc., 6.63%, due 2/15/2031 | &nbsp;&nbsp; 152741<br> <sup>(h)(i)</sup><br>|
| 150000 | Goldman Sachs Group, Inc., 7.50%, due 5/10/2029 | &nbsp;&nbsp; 158346<br> <sup>(h)(i)</sup><br>|
| 150000 | Huntington Bancshares, Inc., 4.45%, due 10/15/2027 | &nbsp;&nbsp; 147877<br> <sup>(h)(i)</sup><br>|
| 200000 | ING Groep NV, 4.25%, due 5/16/2031 | &nbsp;&nbsp; 181923<br> <sup>(h)(i)</sup><br>|
| 240000 | M&T Bank Corp., 3.50%, due 9/1/2026 | &nbsp;&nbsp; 235721<br> <sup>(h)(i)</sup><br>|
| 85000 | PNC Financial Services Group, Inc., 3.40%, due 9/15/2026 | &nbsp;&nbsp; 83686<br> <sup>(h)(i)</sup><br>|
| 200000 | Santander U.K. Group Holdings PLC, 5.14%, due 9/22/2036 | &nbsp;&nbsp; 198367<br> <sup>(h)</sup><br>|
| 200000 | UBS Group AG, 6.63%, due 1/8/2031 | &nbsp;&nbsp; 201121<br> <sup>(b)(h)(i)</sup><br>|
| 75000 | Walker & Dunlop, Inc., 6.63%, due 4/1/2033 | &nbsp;&nbsp; 76881<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1873478** |
| **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** |
| 10000 | BioMarin Pharmaceutical, Inc., 5.50%, due 2/15/2034 | &nbsp;&nbsp; 10028<br> <sup>(b)(f)</sup><br>|
|  | Genmab AS/Genmab Finance LLC |  |
| 25000 | &nbsp;&nbsp;&nbsp; 6.25%, due 12/15/2032 | &nbsp;&nbsp; 25626<br> <sup>(b)</sup><br>|
| 15000 | &nbsp;&nbsp;&nbsp; 7.25%, due 12/15/2033 | &nbsp;&nbsp; 15875<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **51529** |
| **Building Materials 1.1%** | **Building Materials 1.1%** | **Building Materials 1.1%** |
| 125000 | Builders FirstSource, Inc., 6.75%, due 5/15/2035 | &nbsp;&nbsp; 131329<br> <sup>(b)</sup><br>|
| 35000 | Cornerstone Building Brands, Inc., 9.50%, due 8/15/2029 | &nbsp;&nbsp; 26437<br> <sup>(b)</sup><br>|
| 100000 | EMRLD Borrower LP/Emerald Co-Issuer, Inc., 6.75%, due 7/15/2031 | &nbsp;&nbsp; 104916<br> <sup>(b)</sup><br>|
| 75000 | Jeld-Wen, Inc., 7.00%, due 9/1/2032 | &nbsp;&nbsp; 46978<br> <sup>(b)</sup><br>|
| 60000 | Masterbrand, Inc., 7.00%, due 7/15/2032 | &nbsp;&nbsp; 62222<br> <sup>(b)</sup><br>|
| 70000 | MIWD Holdco II LLC/MIWD Finance Corp., 5.50%, due 2/1/2030 | &nbsp;&nbsp; 68004<br> <sup>(b)</sup><br>|
|  | Quikrete Holdings, Inc. |  |
| 100000 | &nbsp;&nbsp;&nbsp; 6.38%, due 3/1/2032 | &nbsp;&nbsp; 103709<br> <sup>(b)</sup><br>|
| 50000 | &nbsp;&nbsp;&nbsp; 6.75%, due 3/1/2033 | &nbsp;&nbsp; 51943<br> <sup>(b)</sup><br>|
|  | Standard Building Solutions, Inc. |  |
| 20000 | &nbsp;&nbsp;&nbsp; 6.25%, due 8/1/2033 | &nbsp;&nbsp; 20443<br> <sup>(b)</sup><br>|
| 15000 | &nbsp;&nbsp;&nbsp; 5.88%, due 3/15/2034 | &nbsp;&nbsp; 14986<br> <sup>(b)</sup><br>|
| 100000 | Standard Industries, Inc., 3.38%, due 1/15/2031 | &nbsp;&nbsp; 92284<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **723251** |
| **Chemicals 1.2%** | **Chemicals 1.2%** | **Chemicals 1.2%** |
| 35000 | Axalta Coating Systems Dutch Holding B BV, 7.25%, due 2/15/2031 | &nbsp;&nbsp; 36836<br> <sup>(b)</sup><br>|
|  | Celanese U.S. Holdings LLC |  |
| 25000 | &nbsp;&nbsp;&nbsp; 7.00%, due 2/15/2031 | &nbsp;&nbsp; 25572 |
| 25000 | &nbsp;&nbsp;&nbsp; 7.38%, due 2/15/2034 | &nbsp;&nbsp; 25439 |
| 175000 | Inversion Escrow Issuer LLC, 6.75%, due 8/1/2032 | &nbsp;&nbsp; 173337<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Chemicals – cont'd** | **Chemicals – cont'd** | **Chemicals – cont'd** |
|  | Olympus Water U.S. Holding Corp. |  |
| 100000 | &nbsp;&nbsp;&nbsp; 3.88%, due 10/1/2028 | &nbsp;&nbsp; $117277<br> <sup>(e)</sup><br>|
| $5000 | &nbsp;&nbsp;&nbsp; 7.25%, due 6/15/2031 | &nbsp;&nbsp; 5125<br> <sup>(b)</sup><br>|
| 200000 | Sociedad Quimica y Minera de Chile SA, 5.63%, due 4/22/2056 | &nbsp;&nbsp; 199622<br> <sup>(b)(h)</sup><br>|
|  | WR Grace Holdings LLC |  |
| 150000 | &nbsp;&nbsp;&nbsp; 7.38%, due 3/1/2031 | &nbsp;&nbsp; 153111<br> <sup>(b)</sup><br>|
| 50000 | &nbsp;&nbsp;&nbsp; 6.63%, due 8/15/2032 | &nbsp;&nbsp; 49724<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **786043** |
| **Commercial Services 3.8%** | **Commercial Services 3.8%** | **Commercial Services 3.8%** |
| 110000 | ADT Security Corp., 5.88%, due 10/15/2033 | &nbsp;&nbsp; 111513<br> <sup>(b)</sup><br>|
| 60000 | Albion Financing 1 SARL/Aggreko Holdings, Inc., 7.00%, due 5/21/2030 | &nbsp;&nbsp; 62536<br> <sup>(b)</sup><br>|
| 135000 | Allied Universal Holdco LLC, 7.88%, due 2/15/2031 | &nbsp;&nbsp; 142077<br> <sup>(b)</sup><br>|
| 120000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, due 6/1/2029 | &nbsp;&nbsp; 118981<br> <sup>(b)</sup><br>|
| 100000 | Arena Luxembourg Finance SARL, 1.88%, due 2/1/2028 | &nbsp;&nbsp; 116895<br> <sup>(e)</sup><br>|
| $125000 | Block, Inc., 6.50%, due 5/15/2032 | &nbsp;&nbsp; 129869 |
| 100000 | Champions Financing, Inc., 8.75%, due 2/15/2029 | &nbsp;&nbsp; 97007<br> <sup>(b)</sup><br>|
| 80000 | EquipmentShare.com, Inc., 8.00%, due 3/15/2033 | &nbsp;&nbsp; 84384<br> <sup>(b)</sup><br>|
|  | Garda World Security Corp. |  |
| 80000 | &nbsp;&nbsp;&nbsp; 6.00%, due 6/1/2029 | &nbsp;&nbsp; 78719<br> <sup>(b)</sup><br>|
| 30000 | &nbsp;&nbsp;&nbsp; 6.50%, due 1/15/2031 | &nbsp;&nbsp; 30752<br> <sup>(b)</sup><br>|
| 110000 | &nbsp;&nbsp;&nbsp; 8.25%, due 8/1/2032 | &nbsp;&nbsp; 112405<br> <sup>(b)</sup><br>|
|  | Herc Holdings, Inc. |  |
| 132000 | &nbsp;&nbsp;&nbsp; 7.00%, due 6/15/2030 | &nbsp;&nbsp; 138542<br> <sup>(b)</sup><br>|
| 87000 | &nbsp;&nbsp;&nbsp; 7.25%, due 6/15/2033 | &nbsp;&nbsp; 92073<br> <sup>(b)</sup><br>|
| 100000 | Q-Park Holding I BV, 5.13%, due 2/15/2030 | &nbsp;&nbsp; 122045<br> <sup>(e)</sup><br>|
| $55000 | Raven Acquisition Holdings LLC, 6.88%, due 11/15/2031 | &nbsp;&nbsp; 55117<br> <sup>(b)</sup><br>|
|  | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc. |  |
| 75000 | &nbsp;&nbsp;&nbsp; 6.75%, due 8/15/2032 | &nbsp;&nbsp; 76514<br> <sup>(b)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; 5.50%, due 5/15/2033 | &nbsp;&nbsp; 120637<br> <sup>(e)</sup><br>|
| 100000 | Techem Verwaltungsgesellschaft 675 GmbH, 4.63%, due 7/15/2032 | &nbsp;&nbsp; 119264<br> <sup>(e)</sup><br>|
| $100000 | United Rentals North America, Inc., 5.38%, due 11/15/2033 | &nbsp;&nbsp; 99941<br> <sup>(b)</sup><br>|
| 100000 | Verisure Midholding AB, 5.25%, due 2/15/2029 | &nbsp;&nbsp; 118613<br> <sup>(e)</sup><br>|
| $95000 | Veritiv Operating Co., 10.50%, due 11/30/2030 | &nbsp;&nbsp; 101721<br> <sup>(b)</sup><br>|
| 55000 | VM Consolidated, Inc., 5.50%, due 4/15/2029 | &nbsp;&nbsp; 54081<br> <sup>(b)</sup><br>|
| 150000 | Wand NewCo 3, Inc., 7.63%, due 1/30/2032 | &nbsp;&nbsp; 157717<br> <sup>(b)</sup><br>|
| 110000 | Williams Scotsman, Inc., 7.38%, due 10/1/2031 | &nbsp;&nbsp; 114685<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **2456088** |
| **Computers 0.7%** | **Computers 0.7%** | **Computers 0.7%** |
| 65000 | Ahead DB Holdings LLC, 6.63%, due 5/1/2028 | &nbsp;&nbsp; 64285<br> <sup>(b)</sup><br>|
| 95000 | Amentum Holdings, Inc., 7.25%, due 8/1/2032 | &nbsp;&nbsp; 100113<br> <sup>(b)</sup><br>|
| 100000 | Atos SE, 9.36%, due 12/18/2029 | &nbsp;&nbsp; 134715<br> <sup>(e)(j)</sup><br>|
| $135000 | Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031 | &nbsp;&nbsp; 137516<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **436629** |
| **Cosmetics - Personal Care 0.5%** | **Cosmetics - Personal Care 0.5%** | **Cosmetics - Personal Care 0.5%** |
| 280000 | Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 5.60%, due 1/15/2031 | &nbsp;&nbsp; 283411<br> <sup>(b)</sup><br>|
| 60000 | Opal Bidco SAS, 6.50%, due 3/31/2032 | &nbsp;&nbsp; 61226<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **344637** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Distribution - Wholesale 0.4%** | **Distribution - Wholesale 0.4%** | **Distribution - Wholesale 0.4%** |
| $60000 | Dealer Tire LLC/DT Issuer LLC, 8.00%, due 2/1/2028 | &nbsp;&nbsp; $59904<br> <sup>(b)</sup><br>|
| 120000 | Resideo Funding, Inc., 6.50%, due 7/15/2032 | &nbsp;&nbsp; 121891<br> <sup>(b)</sup><br>|
| 80000 | Windsor Holdings III LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 84299<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **266094** |
| **Diversified Financial Services 3.5%** | **Diversified Financial Services 3.5%** | **Diversified Financial Services 3.5%** |
| 280000 | Ally Financial, Inc., 4.70%, due 5/15/2026 | &nbsp;&nbsp; 278296<br> <sup>(h)(i)</sup><br>|
| 100000 | Azorra Finance Ltd., 7.75%, due 4/15/2030 | &nbsp;&nbsp; 105239<br> <sup>(b)</sup><br>|
| 140000 | Capital One Financial Corp., 6.18%, due 1/30/2036 | &nbsp;&nbsp; 144947<br> <sup>(h)</sup><br>|
| 530000 | Charles Schwab Corp., 4.00%, due 6/1/2026 | &nbsp;&nbsp; 527888<br> <sup>(h)(i)</sup><br>|
| 75000 | CrossCountry Intermediate HoldCo LLC, 6.75%, due 12/1/2032 | &nbsp;&nbsp; 75617<br> <sup>(b)</sup><br>|
| 60000 | Focus Financial Partners LLC, 6.75%, due 9/15/2031 | &nbsp;&nbsp; 61424<br> <sup>(b)</sup><br>|
| 35000 | Freedom Mortgage Holdings LLC, 8.38%, due 4/1/2032 | &nbsp;&nbsp; 36613<br> <sup>(b)</sup><br>|
| 110000 | Global Aircraft Leasing Co. Ltd., 8.75%, due 9/1/2027 | &nbsp;&nbsp; 113864<br> <sup>(b)</sup><br>|
| 70000 | Jane Street Group/JSG Finance, Inc., 6.75%, due 5/1/2033 | &nbsp;&nbsp; 72810<br> <sup>(b)</sup><br>|
| 115000 | Navient Corp., 7.88%, due 6/15/2032 | &nbsp;&nbsp; 116072 |
|  | OneMain Finance Corp. |  |
| 110000 | &nbsp;&nbsp;&nbsp; 6.63%, due 5/15/2029 | &nbsp;&nbsp; 113385 |
| 105000 | &nbsp;&nbsp;&nbsp; 7.13%, due 9/15/2032 | &nbsp;&nbsp; 108738 |
| 5000 | &nbsp;&nbsp;&nbsp; 6.75%, due 9/15/2033 | &nbsp;&nbsp; 5055 |
|  | PennyMac Financial Services, Inc. |  |
| 100000 | &nbsp;&nbsp;&nbsp; 6.88%, due 5/15/2032 | &nbsp;&nbsp; 102196<br> <sup>(b)</sup><br>|
| 120000 | &nbsp;&nbsp;&nbsp; 6.88%, due 2/15/2033 | &nbsp;&nbsp; 122401<br> <sup>(b)</sup><br>|
| 40000 | &nbsp;&nbsp;&nbsp; 6.75%, due 2/15/2034 | &nbsp;&nbsp; 40365<br> <sup>(b)</sup><br>|
| 60000 | Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029 | &nbsp;&nbsp; 62934<br> <sup>(b)</sup><br>|
|  | Rocket Cos., Inc. |  |
| 55000 | &nbsp;&nbsp;&nbsp; 6.13%, due 8/1/2030 | &nbsp;&nbsp; 56310<br> <sup>(b)</sup><br>|
| 70000 | &nbsp;&nbsp;&nbsp; 6.38%, due 8/1/2033 | &nbsp;&nbsp; 72622<br> <sup>(b)</sup><br>|
| 55000 | UWM Holdings LLC, 6.63%, due 2/1/2030 | &nbsp;&nbsp; 55475<br> <sup>(b)</sup><br>|
| 45000 | Velocity Commercial Capital LLC, 9.38%, due 2/15/2031 | &nbsp;&nbsp; 45675<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **2317926** |
| **Electric 4.5%** | **Electric 4.5%** | **Electric 4.5%** |
| 75000 | Alliant Energy Corp., 5.75%, due 4/1/2056 | &nbsp;&nbsp; 74455<br> <sup>(h)</sup><br>|
|  | Alpha Generation LLC |  |
| 130000 | &nbsp;&nbsp;&nbsp; 6.75%, due 10/15/2032 | &nbsp;&nbsp; 134784<br> <sup>(b)</sup><br>|
| 110000 | &nbsp;&nbsp;&nbsp; 6.25%, due 1/15/2034 | &nbsp;&nbsp; 110714<br> <sup>(b)</sup><br>|
| 155000 | American Electric Power Co., Inc., 6.05%, due 3/15/2056 | &nbsp;&nbsp; 153921<br> <sup>(h)</sup><br>|
| 115000 | CenterPoint Energy, Inc., 5.95%, due 4/1/2056 | &nbsp;&nbsp; 115879<br> <sup>(h)</sup><br>|
| 40000 | Clearway Energy Operating LLC, 5.75%, due 1/15/2034 | &nbsp;&nbsp; 40146<br> <sup>(b)</sup><br>|
| 100000 | CMS Energy Corp., 6.50%, due 6/1/2055 | &nbsp;&nbsp; 103285<br> <sup>(h)</sup><br>|
| 155000 | Dominion Energy, Inc., 6.63%, due 5/15/2055 | &nbsp;&nbsp; 159361<br> <sup>(h)</sup><br>|
| 100000 | EDP SA, 4.75%, due 5/29/2054 | &nbsp;&nbsp; 122600<br> <sup>(e)(h)</sup><br>|
| 100000 | Electricite de France SA, 7.38%, due 6/17/2035 | &nbsp;&nbsp; 143363<br> <sup>(e)(h)(i)</sup><br>|
| $85000 | Hawaiian Electric Co., Inc., 6.00%, due 10/1/2033 | &nbsp;&nbsp; 86293<br> <sup>(b)</sup><br>|
| 150000 | Lightning Power LLC, 7.25%, due 8/15/2032 | &nbsp;&nbsp; 159659<br> <sup>(b)</sup><br>|
|  | NRG Energy, Inc. |  |
| 115000 | &nbsp;&nbsp;&nbsp; 10.25%, due 3/15/2028 | &nbsp;&nbsp; 126643<br> <sup>(b)(h)(i)</sup><br>|
| 60000 | &nbsp;&nbsp;&nbsp; 6.00%, due 2/1/2033 | &nbsp;&nbsp; 61151<br> <sup>(b)</sup><br>|
| 65000 | &nbsp;&nbsp;&nbsp; 5.75%, due 1/15/2034 | &nbsp;&nbsp; 65431<br> <sup>(b)</sup><br>|
| 100000 | Orsted AS, 5.13%, due 12/31/2099 | &nbsp;&nbsp; 121943<br> <sup>(e)(h)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Electric – cont'd** | **Electric – cont'd** | **Electric – cont'd** |
| $225000 | Pacific Gas & Electric Co., 6.95%, due 3/15/2034 | &nbsp;&nbsp; $249391 |
| 200000 | Saavi Energia SARL, 8.88%, due 2/10/2035 | &nbsp;&nbsp; 216530<br> <sup>(b)</sup><br>|
|  | Sempra |  |
| 105000 | &nbsp;&nbsp;&nbsp; 6.55%, due 4/1/2055 | &nbsp;&nbsp; 106879<br> <sup>(h)</sup><br>|
| 75000 | &nbsp;&nbsp;&nbsp; 6.38%, due 4/1/2056 | &nbsp;&nbsp; 76729<br> <sup>(h)</sup><br>|
|  | Talen Energy Supply LLC |  |
| 110000 | &nbsp;&nbsp;&nbsp; 6.25%, due 2/1/2034 | &nbsp;&nbsp; 111481<br> <sup>(b)</sup><br>|
| 105000 | &nbsp;&nbsp;&nbsp; 6.50%, due 2/1/2036 | &nbsp;&nbsp; 107650<br> <sup>(b)</sup><br>|
| 135000 | Vistra Corp., 7.00%, due 12/15/2026 | &nbsp;&nbsp; 137042<br> <sup>(b)(h)(i)</sup><br>|
|  | Vistra Operations Co. LLC |  |
| 15000 | &nbsp;&nbsp;&nbsp; 7.75%, due 10/15/2031 | &nbsp;&nbsp; 15872<br> <sup>(b)</sup><br>|
| 20000 | &nbsp;&nbsp;&nbsp; 6.95%, due 10/15/2033 | &nbsp;&nbsp; 22177<br> <sup>(b)</sup><br>|
| 80000 | VoltaGrid LLC, 7.38%, due 11/1/2030 | &nbsp;&nbsp; 81025<br> <sup>(b)</sup><br>|
| 45000 | XPLR Infrastructure Operating Partners LP, 7.75%, due 4/15/2034 | &nbsp;&nbsp; 45870<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **2950274** |
| **Electrical Components & Equipment 0.4%** | **Electrical Components & Equipment 0.4%** | **Electrical Components & Equipment 0.4%** |
| 40000 | EnerSys, 6.63%, due 1/15/2032 | &nbsp;&nbsp; 41429<br> <sup>(b)</sup><br>|
| 100000 | Nexans SA, 4.25%, due 3/11/2030 | &nbsp;&nbsp; 122213<br> <sup>(e)</sup><br>|
|  | WESCO Distribution, Inc. |  |
| $40000 | &nbsp;&nbsp;&nbsp; 6.63%, due 3/15/2032 | &nbsp;&nbsp; 41796<br> <sup>(b)</sup><br>|
| 40000 | &nbsp;&nbsp;&nbsp; 6.38%, due 3/15/2033 | &nbsp;&nbsp; 41651<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **247089** |
| **Energy - Alternate Sources 0.3%** | **Energy - Alternate Sources 0.3%** | **Energy - Alternate Sources 0.3%** |
| 206000 | FS Luxembourg SARL, 8.13%, due 2/11/2036 | &nbsp;&nbsp; **201710**<br> <sup>(b)(f)</sup><br>|
| **Engineering & Construction 0.3%** | **Engineering & Construction 0.3%** | **Engineering & Construction 0.3%** |
| 100000 | Abertis Infraestructuras Finance BV, 4.75%, due 11/23/2030 | &nbsp;&nbsp; 121541<br> <sup>(e)(h)(i)</sup><br>|
| $20000 | Brand Industrial Services, Inc., 10.38%, due 8/1/2030 | &nbsp;&nbsp; 19175<br> <sup>(b)</sup><br>|
| 60000 | Global Infrastructure Solutions, Inc., 5.63%, due 6/1/2029 | &nbsp;&nbsp; 60125<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **200841** |
| **Entertainment 1.6%** | **Entertainment 1.6%** | **Entertainment 1.6%** |
| 135000 | Churchill Downs, Inc., 6.75%, due 5/1/2031 | &nbsp;&nbsp; 139095<br> <sup>(b)</sup><br>|
| 100000 | Cirsa Finance International SARL, 6.50%, due 3/15/2029 | &nbsp;&nbsp; 123009<br> <sup>(e)</sup><br>|
| 100000 | CPUK Finance Ltd., 4.50%, due 8/28/2027 | &nbsp;&nbsp; 134776<br> <sup>(e)</sup><br>|
| 100000 | Flutter Treasury DAC, 4.00%, due 6/4/2031 | &nbsp;&nbsp; 118386<br> <sup>(e)</sup><br>|
| $120000 | Light & Wonder International, Inc., 6.25%, due 10/1/2033 | &nbsp;&nbsp; 121500<br> <sup>(b)</sup><br>|
| 105000 | Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029 | &nbsp;&nbsp; 103146<br> <sup>(b)</sup><br>|
| 120000 | SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029 | &nbsp;&nbsp; 117314<br> <sup>(b)</sup><br>|
| 95000 | Six Flags Entertainment Corp., 7.25%, due 5/15/2031 | &nbsp;&nbsp; 93753<br> <sup>(b)</sup><br>|
| 20000 | &nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC, 8.63%, due <br> 1/15/2032<br>| &nbsp;&nbsp; 20409<br> <sup>(b)</sup><br>|
|  | Warnermedia Holdings, Inc. |  |
| 75000 | &nbsp;&nbsp;&nbsp; 4.28%, due 3/15/2032 | &nbsp;&nbsp; 66000 |
| 30000 | &nbsp;&nbsp;&nbsp; 5.05%, due 3/15/2042 | &nbsp;&nbsp; 21075 |
|  |  | &nbsp;&nbsp; **1058463** |
| **Environmental Control 0.2%** | **Environmental Control 0.2%** | **Environmental Control 0.2%** |
| 135000 | Madison IAQ LLC, 5.88%, due 6/30/2029 | &nbsp;&nbsp; **134832**<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Food 0.5%** | **Food 0.5%** | **Food 0.5%** |
| $70000 | Albertsons Cos., Inc., 5.63%, due 3/31/2032 | &nbsp;&nbsp; $69929<br> <sup>(b)(f)</sup><br>|
|  | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC |  |
| 20000 | &nbsp;&nbsp;&nbsp; 5.50%, due 3/31/2031 | &nbsp;&nbsp; 20035<br> <sup>(b)</sup><br>|
| 80000 | &nbsp;&nbsp;&nbsp; 5.75%, due 3/31/2034 | &nbsp;&nbsp; 78678<br> <sup>(b)(k)</sup><br>|
| 85000 | Froneri Lux FinCo SARL, 6.00%, due 8/1/2032 | &nbsp;&nbsp; 86073<br> <sup>(b)</sup><br>|
| 35000 | Performance Food Group, Inc., 4.25%, due 8/1/2029 | &nbsp;&nbsp; 34270<br> <sup>(b)</sup><br>|
|  | U.S. Foods, Inc. |  |
| 10000 | &nbsp;&nbsp;&nbsp; 4.75%, due 2/15/2029 | &nbsp;&nbsp; 9960<br> <sup>(b)</sup><br>|
| 20000 | &nbsp;&nbsp;&nbsp; 7.25%, due 1/15/2032 | &nbsp;&nbsp; 20984<br> <sup>(b)</sup><br>|
| 20000 | &nbsp;&nbsp;&nbsp; 5.75%, due 4/15/2033 | &nbsp;&nbsp; 20346<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **340275** |
| **Gas 0.3%** | **Gas 0.3%** | **Gas 0.3%** |
|  | Spire, Inc. |  |
| 75000 | &nbsp;&nbsp;&nbsp; 6.25%, due 6/1/2056 | &nbsp;&nbsp; 74739<br> <sup>(h)</sup><br>|
| 95000 | &nbsp;&nbsp;&nbsp; 6.45%, due 6/1/2056 | &nbsp;&nbsp; 95920<br> <sup>(h)</sup><br>|
|  |  | &nbsp;&nbsp; **170659** |
| **Healthcare - Products 0.4%** | **Healthcare - Products 0.4%** | **Healthcare - Products 0.4%** |
| 55000 | Bausch & Lomb Corp., 8.38%, due 10/1/2028 | &nbsp;&nbsp; 57338<br> <sup>(b)</sup><br>|
| 55000 | Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, due 4/1/2029 | &nbsp;&nbsp; 56766<br> <sup>(b)</sup><br>|
| 100000 | RAY Financing LLC, 6.50%, due 7/15/2031 | &nbsp;&nbsp; 121509<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **235613** |
| **Healthcare - Services 2.5%** | **Healthcare - Services 2.5%** | **Healthcare - Services 2.5%** |
| $35000 | Acadia Healthcare Co., Inc., 5.00%, due 4/15/2029 | &nbsp;&nbsp; 33602<br> <sup>(b)</sup><br>|
| 10000 | CHS/Community Health Systems, Inc., 10.88%, due 1/15/2032 | &nbsp;&nbsp; 10765<br> <sup>(b)</sup><br>|
| 100000 | Ephios Subco 3 SARL, 7.88%, due 1/31/2031 | &nbsp;&nbsp; 126427<br> <sup>(e)</sup><br>|
| 100000 | Eurofins Scientific SE, 5.75%, due 1/4/2032 | &nbsp;&nbsp; 125748<br> <sup>(e)(h)(i)</sup><br>|
| $110000 | Global Medical Response, Inc., 7.38%, due 10/1/2032 | &nbsp;&nbsp; 113739<br> <sup>(b)</sup><br>|
|  | IQVIA, Inc. |  |
| 100000 | &nbsp;&nbsp;&nbsp; 2.25%, due 1/15/2028 | &nbsp;&nbsp; 116713<br> <sup>(e)</sup><br>|
| $30000 | &nbsp;&nbsp;&nbsp; 6.50%, due 5/15/2030 | &nbsp;&nbsp; 31076<br> <sup>(b)</sup><br>|
| 30000 | &nbsp;&nbsp;&nbsp; 6.25%, due 6/1/2032 | &nbsp;&nbsp; 31169<br> <sup>(b)</sup><br>|
|  | LifePoint Health, Inc. |  |
| 50000 | &nbsp;&nbsp;&nbsp; 9.88%, due 8/15/2030 | &nbsp;&nbsp; 53642<br> <sup>(b)</sup><br>|
| 85000 | &nbsp;&nbsp;&nbsp; 10.00%, due 6/1/2032 | &nbsp;&nbsp; 89677<br> <sup>(b)</sup><br>|
| 100000 | Mehilainen Yhtiot OYJ, 5.13%, due 6/30/2032 | &nbsp;&nbsp; 120228<br> <sup>(e)</sup><br>|
| $175000 | Molina Healthcare, Inc., 6.25%, due 1/15/2033 | &nbsp;&nbsp; 176235<br> <sup>(b)</sup><br>|
| 45000 | Select Medical Corp., 6.25%, due 12/1/2032 | &nbsp;&nbsp; 43672<br> <sup>(b)</sup><br>|
| 145000 | Star Parent, Inc., 9.00%, due 10/1/2030 | &nbsp;&nbsp; 153043<br> <sup>(b)</sup><br>|
| 150000 | Surgery Center Holdings, Inc., 7.25%, due 4/15/2032 | &nbsp;&nbsp; 151022<br> <sup>(b)</sup><br>|
| 65000 | Team Health Holdings, Inc., 8.38%, due 6/30/2028 | &nbsp;&nbsp; 65791<br> <sup>(b)</sup><br>|
| 35000 | TEAM Services Holding, Inc., 9.00%, due 2/15/2033 | &nbsp;&nbsp; 35000<br> <sup>(b)(f)</sup><br>|
| 130000 | Tenet Healthcare Corp., 6.00%, due 11/15/2033 | &nbsp;&nbsp; 133774<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1611323** |
| **Home Builders 0.5%** | **Home Builders 0.5%** | **Home Builders 0.5%** |
| 45000 | Beazer Homes USA, Inc., 7.50%, due 3/15/2031 | &nbsp;&nbsp; 45787<br> <sup>(b)</sup><br>|
| 15000 | Installed Building Products, Inc., 5.63%, due 2/1/2034 | &nbsp;&nbsp; 15086<br> <sup>(b)</sup><br>|
|  | K Hovnanian Enterprises, Inc. |  |
| 35000 | &nbsp;&nbsp;&nbsp; 8.00%, due 4/1/2031 | &nbsp;&nbsp; 35856<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Home Builders – cont'd** | **Home Builders – cont'd** | **Home Builders – cont'd** |
| $20000 | &nbsp;&nbsp;&nbsp; 8.38%, due 10/1/2033 | &nbsp;&nbsp; $20440<br> <sup>(b)</sup><br>|
| 40000 | LGI Homes, Inc., 7.00%, due 11/15/2032 | &nbsp;&nbsp; 39013<br> <sup>(b)</sup><br>|
| 70000 | Mattamy Group Corp., 6.00%, due 12/15/2033 | &nbsp;&nbsp; 68780<br> <sup>(b)</sup><br>|
| 85000 | Taylor Morrison Communities, Inc., 5.75%, due 11/15/2032 | &nbsp;&nbsp; 87246<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **312208** |
| **Insurance 1.6%** | **Insurance 1.6%** | **Insurance 1.6%** |
|  | Acrisure LLC/Acrisure Finance, Inc. |  |
| 120000 | &nbsp;&nbsp;&nbsp; 8.25%, due 2/1/2029 | &nbsp;&nbsp; 124422<br> <sup>(b)</sup><br>|
| 90000 | &nbsp;&nbsp;&nbsp; 6.75%, due 7/1/2032 | &nbsp;&nbsp; 92268<br> <sup>(b)</sup><br>|
|  | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |  |
| 15000 | &nbsp;&nbsp;&nbsp; 7.00%, due 1/15/2031 | &nbsp;&nbsp; 15551<br> <sup>(b)</sup><br>|
| 30000 | &nbsp;&nbsp;&nbsp; 6.50%, due 10/1/2031 | &nbsp;&nbsp; 30836<br> <sup>(b)</sup><br>|
| 60000 | Amynta Agency Borrower, Inc. & Amynta Warranty Borrower, Inc., 7.50%, due 7/15/2033 | &nbsp;&nbsp; 61174<br> <sup>(b)</sup><br>|
| 60000 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 7.13%, due <br> 5/15/2031<br>| &nbsp;&nbsp; 61699<br> <sup>(b)</sup><br>|
| 135000 | Broadstreet Partners Group LLC, 5.88%, due 4/15/2029 | &nbsp;&nbsp; 134681<br> <sup>(b)</sup><br>|
| 100000 | Global Atlantic Fin Co., 7.95%, due 10/15/2054 | &nbsp;&nbsp; 103363<br> <sup>(b)(h)</sup><br>|
|  | Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC |  |
| 70000 | &nbsp;&nbsp;&nbsp; 7.25%, due 2/15/2031 | &nbsp;&nbsp; 72399<br> <sup>(b)</sup><br>|
| 15000 | &nbsp;&nbsp;&nbsp; 8.13%, due 2/15/2032 | &nbsp;&nbsp; 15284<br> <sup>(b)(f)</sup><br>|
| 150000 | HUB International Ltd., 7.25%, due 6/15/2030 | &nbsp;&nbsp; 156503<br> <sup>(b)</sup><br>|
| 65000 | Jones Deslauriers Insurance Management, Inc., 6.88%, due 10/1/2033 | &nbsp;&nbsp; 63358<br> <sup>(b)</sup><br>|
| 55000 | Panther Escrow Issuer LLC, 7.13%, due 6/1/2031 | &nbsp;&nbsp; 56646<br> <sup>(b)</sup><br>|
| 50000 | USI, Inc., 7.50%, due 1/15/2032 | &nbsp;&nbsp; 52344<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1040528** |
| **Internet 0.6%** | **Internet 0.6%** | **Internet 0.6%** |
| 145000 | Beignet Investor LLC, 6.58%, due 5/30/2049 | &nbsp;&nbsp; 150977<br> <sup>(b)</sup><br>|
| 20000 | Gen Digital, Inc., 6.25%, due 4/1/2033 | &nbsp;&nbsp; 20096<br> <sup>(b)</sup><br>|
| 100000 | United Group BV, 6.50%, due 10/31/2031 | &nbsp;&nbsp; 122599<br> <sup>(e)</sup><br>|
|  | Wayfair LLC |  |
| $10000 | &nbsp;&nbsp;&nbsp; 7.25%, due 10/31/2029 | &nbsp;&nbsp; 10456<br> <sup>(b)</sup><br>|
| 20000 | &nbsp;&nbsp;&nbsp; 7.75%, due 9/15/2030 | &nbsp;&nbsp; 21263<br> <sup>(b)</sup><br>|
| 65000 | &nbsp;&nbsp;&nbsp; 6.75%, due 11/15/2032 | &nbsp;&nbsp; 67182<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **392573** |
| **Iron - Steel 0.8%** | **Iron - Steel 0.8%** | **Iron - Steel 0.8%** |
| 40000 | Carpenter Technology Corp., 5.63%, due 3/1/2034 | &nbsp;&nbsp; 40591<br> <sup>(b)</sup><br>|
| 60000 | Champion Iron Canada, Inc., 7.88%, due 7/15/2032 | &nbsp;&nbsp; 64182<br> <sup>(b)</sup><br>|
|  | Cleveland-Cliffs, Inc. |  |
| 50000 | &nbsp;&nbsp;&nbsp; 7.00%, due 3/15/2032 | &nbsp;&nbsp; 51312<br> <sup>(b)</sup><br>|
| 50000 | &nbsp;&nbsp;&nbsp; 7.38%, due 5/1/2033 | &nbsp;&nbsp; 52177<br> <sup>(b)</sup><br>|
| 200000 | CSN Resources SA, 8.88%, due 12/5/2030 | &nbsp;&nbsp; 192912<br> <sup>(e)</sup><br>|
| 115000 | Mineral Resources Ltd., 7.00%, due 4/1/2031 | &nbsp;&nbsp; 120860<br> <sup>(b)</sup><br>|
| 30675 | Samarco Mineracao SA, 4.00% Cash/5.00% PIK, due 6/30/2031 | &nbsp;&nbsp; 30795<br> <sup>(e)(g)</sup><br>|
|  |  | &nbsp;&nbsp; **552829** |
| **Leisure Time 0.9%** | **Leisure Time 0.9%** | **Leisure Time 0.9%** |
| 60000 | Acushnet Co., 5.63%, due 12/1/2033 | &nbsp;&nbsp; 60564<br> <sup>(b)</sup><br>|
| 125000 | Carnival Corp., 6.13%, due 2/15/2033 | &nbsp;&nbsp; 128589<br> <sup>(b)</sup><br>|
| 100000 | Lindblad Expeditions LLC, 7.00%, due 9/15/2030 | &nbsp;&nbsp; 104394<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Leisure Time – cont'd** | **Leisure Time – cont'd** | **Leisure Time – cont'd** |
|  | NCL Corp. Ltd. |  |
| $40000 | &nbsp;&nbsp;&nbsp; 5.88%, due 1/15/2031 | &nbsp;&nbsp; $40109<br> <sup>(b)</sup><br>|
| 60000 | &nbsp;&nbsp;&nbsp; 6.75%, due 2/1/2032 | &nbsp;&nbsp; 61488<br> <sup>(b)</sup><br>|
| 70000 | Patrick Industries, Inc., 6.38%, due 11/1/2032 | &nbsp;&nbsp; 71643<br> <sup>(b)</sup><br>|
| 100000 | Viking Cruises Ltd., 9.13%, due 7/15/2031 | &nbsp;&nbsp; 106657<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **573444** |
| **Lodging 0.8%** | **Lodging 0.8%** | **Lodging 0.8%** |
| 100000 | Essendi SA, 5.50%, due 11/15/2031 | &nbsp;&nbsp; 121784<br> <sup>(e)</sup><br>|
| $200000 | Fortune Star BVI Ltd., 5.05%, due 1/27/2027 | &nbsp;&nbsp; 196464<br> <sup>(e)</sup><br>|
| 200000 | Studio City Finance Ltd., 6.50%, due 1/15/2028 | &nbsp;&nbsp; 200058<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **518306** |
| **Machinery - Construction & Mining 0.3%** | **Machinery - Construction & Mining 0.3%** | **Machinery - Construction & Mining 0.3%** |
| 60000 | Manitowoc Co., Inc., 9.25%, due 10/1/2031 | &nbsp;&nbsp; 65166<br> <sup>(b)</sup><br>|
|  | Terex Corp. |  |
| 125000 | &nbsp;&nbsp;&nbsp; 5.00%, due 5/15/2029 | &nbsp;&nbsp; 124605<br> <sup>(b)</sup><br>|
| 5000 | &nbsp;&nbsp;&nbsp; 6.25%, due 10/15/2032 | &nbsp;&nbsp; 5120<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **194891** |
| **Machinery - Diversified 0.3%** | **Machinery - Diversified 0.3%** | **Machinery - Diversified 0.3%** |
| 35000 | Columbus McKinnon Corp., 7.13%, due 2/1/2033 | &nbsp;&nbsp; 35182<br> <sup>(b)</sup><br>|
| 70000 | Lsf12 Helix Parent LLC, 7.13%, due 2/1/2033 | &nbsp;&nbsp; 70206<br> <sup>(b)(f)</sup><br>|
| 115000 | SPX FLOW, Inc., 8.75%, due 4/1/2030 | &nbsp;&nbsp; 118156<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **223544** |
| **Media 1.6%** | **Media 1.6%** | **Media 1.6%** |
|  | CCO Holdings LLC/CCO Holdings Capital Corp. |  |
| 40000 | &nbsp;&nbsp;&nbsp; 6.38%, due 9/1/2029 | &nbsp;&nbsp; 40382<br> <sup>(b)</sup><br>|
| 55000 | &nbsp;&nbsp;&nbsp; 4.75%, due 3/1/2030 | &nbsp;&nbsp; 52542<br> <sup>(b)</sup><br>|
| 105000 | &nbsp;&nbsp;&nbsp; 4.25%, due 2/1/2031 | &nbsp;&nbsp; 96132<br> <sup>(b)</sup><br>|
| 80000 | &nbsp;&nbsp;&nbsp; 4.50%, due 5/1/2032 | &nbsp;&nbsp; 71791 |
| 20000 | &nbsp;&nbsp;&nbsp; 4.25%, due 1/15/2034 | &nbsp;&nbsp; 16894<br> <sup>(b)</sup><br>|
| 350000 | &nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications Operating Capital, 5.85%, due <br> 12/1/2035<br>| &nbsp;&nbsp; 348336 |
|  | CSC Holdings LLC |  |
| 105000 | &nbsp;&nbsp;&nbsp; 11.25%, due 5/15/2028 | &nbsp;&nbsp; 84156<br> <sup>(b)</sup><br>|
| 55000 | &nbsp;&nbsp;&nbsp; 11.75%, due 1/31/2029 | &nbsp;&nbsp; 40104<br> <sup>(b)</sup><br>|
| 20000 | Discovery Communications LLC, 4.13%, due 5/15/2029 | &nbsp;&nbsp; 19428 |
| 85000 | McGraw-Hill Education, Inc., 7.38%, due 9/1/2031 | &nbsp;&nbsp; 89361<br> <sup>(b)</sup><br>|
| 80000 | Midcontinent Communications, 8.00%, due 8/15/2032 | &nbsp;&nbsp; 76973<br> <sup>(b)</sup><br>|
| 100000 | Sunrise FinCo I BV, 4.63%, due 5/15/2032 | &nbsp;&nbsp; 119917<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **1056016** |
| **Mining 2.9%** | **Mining 2.9%** | **Mining 2.9%** |
| $105000 | Capstone Copper Corp., 6.75%, due 3/31/2033 | &nbsp;&nbsp; 108804<br> <sup>(b)</sup><br>|
| 80000 | Century Aluminum Co., 6.88%, due 8/1/2032 | &nbsp;&nbsp; 82845<br> <sup>(b)</sup><br>|
| 200000 | Cia de Minas Buenaventura SAA, 6.80%, due 2/4/2032 | &nbsp;&nbsp; 208155<br> <sup>(b)</sup><br>|
| 200000 | Endeavour Mining PLC, 7.00%, due 5/28/2030 | &nbsp;&nbsp; 206451<br> <sup>(e)</sup><br>|
|  | First Quantum Minerals Ltd. |  |
| 40000 | &nbsp;&nbsp;&nbsp; 8.00%, due 3/1/2033 | &nbsp;&nbsp; 42922<br> <sup>(b)</sup><br>|
| 30000 | &nbsp;&nbsp;&nbsp; 7.25%, due 2/15/2034 | &nbsp;&nbsp; 31518<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Mining – cont'd** | **Mining – cont'd** | **Mining – cont'd** | **Mining – cont'd** |
| $| 200000 | Ivanhoe Mines Ltd., 7.88%, due 1/23/2030 | &nbsp;&nbsp; $208395<br> <sup>(e)</sup><br>|
|  | 90000 | Kaiser Aluminum Corp., 5.88%, due 3/1/2034 | &nbsp;&nbsp; 90669<br> <sup>(b)</sup><br>|
|  | 200000 | Navoi Mining & Metallurgical Combinat, 6.95%, due 10/17/2031 | &nbsp;&nbsp; 214477<br> <sup>(e)</sup><br>|
|  | 130000 | Novelis Corp., 6.88%, due 1/30/2030 | &nbsp;&nbsp; 134739<br> <sup>(b)</sup><br>|
|  | 95000 | Taseko Mines Ltd., 8.25%, due 5/1/2030 | &nbsp;&nbsp; 100837<br> <sup>(b)</sup><br>|
|  | 200000 | Vedanta Resources Finance II PLC, 10.88%, due 9/17/2029 | &nbsp;&nbsp; 214251<br> <sup>(e)</sup><br>|
|  | 231000 | Volcan Cia Minera SAA, 8.50%, due 10/28/2032 | &nbsp;&nbsp; 239062<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1883125** |
| **Miscellaneous Manufacturer 0.5%** | **Miscellaneous Manufacturer 0.5%** | **Miscellaneous Manufacturer 0.5%** | **Miscellaneous Manufacturer 0.5%** |
|  | 95000 | Amsted Industries, Inc., 6.38%, due 3/15/2033 | &nbsp;&nbsp; 98319<br> <sup>(b)</sup><br>|
|  | 150000 | Avient Corp., 6.25%, due 11/1/2031 | &nbsp;&nbsp; 154219<br> <sup>(b)</sup><br>|
|  | 90312 | Calderys Financing II LLC, 11.75% Cash/12.50% PIK, due 6/1/2028 | &nbsp;&nbsp; 93733<br> <sup>(b)(g)</sup><br>|
|  |  |  | &nbsp;&nbsp; **346271** |
| **Multi-National 0.3%** | **Multi-National 0.3%** | **Multi-National 0.3%** | **Multi-National 0.3%** |
|  | 200000 | Banque Ouest Africaine de Developpement, 8.20%, due 2/13/2055 | &nbsp;&nbsp; **202302**<br> <sup>(e)(h)</sup><br>|
| **Oil & Gas 2.8%** | **Oil & Gas 2.8%** | **Oil & Gas 2.8%** | **Oil & Gas 2.8%** |
|  | 180000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.88%, due 6/30/2029 | &nbsp;&nbsp; 181221<br> <sup>(b)</sup><br>|
|  | 200000 | Azule Energy Finance PLC, 8.13%, due 1/23/2030 | &nbsp;&nbsp; 202354<br> <sup>(b)</sup><br>|
|  | 65000 | BKV Upstream Midstream LLC, 7.50%, due 10/15/2030 | &nbsp;&nbsp; 65828<br> <sup>(b)</sup><br>|
|  | 70000 | Caturus Energy LLC, 8.50%, due 2/15/2030 | &nbsp;&nbsp; 72984<br> <sup>(b)</sup><br>|
|  | 20000 | Comstock Resources, Inc., 6.75%, due 3/1/2029 | &nbsp;&nbsp; 20127<br> <sup>(b)</sup><br>|
|  | 200000 | Constellation Oil Services Holding SA, 9.38%, due 11/7/2029 | &nbsp;&nbsp; 209080<br> <sup>(b)</sup><br>|
|  |  | Crescent Energy Finance LLC |  |
|  | 35000 | &nbsp;&nbsp;&nbsp; 7.63%, due 4/1/2032 | &nbsp;&nbsp; 34716<br> <sup>(b)</sup><br>|
|  | 20000 | &nbsp;&nbsp;&nbsp; 7.38%, due 1/15/2033 | &nbsp;&nbsp; 19356<br> <sup>(b)</sup><br>|
|  | 35000 | DBR Land Holdings LLC, 6.25%, due 12/1/2030 | &nbsp;&nbsp; 35853<br> <sup>(b)</sup><br>|
|  |  | Hilcorp Energy I LP/Hilcorp Finance Co. |  |
|  | 90000 | &nbsp;&nbsp;&nbsp; 6.25%, due 4/15/2032 | &nbsp;&nbsp; 86318<br> <sup>(b)</sup><br>|
|  | 35000 | &nbsp;&nbsp;&nbsp; 8.38%, due 11/1/2033 | &nbsp;&nbsp; 36338<br> <sup>(b)</sup><br>|
|  | 45000 | Northern Oil & Gas, Inc., 7.88%, due 10/15/2033 | &nbsp;&nbsp; 45433<br> <sup>(b)</sup><br>|
|  | 80000 | Permian Resources Operating LLC, 6.25%, due 2/1/2033 | &nbsp;&nbsp; 82412<br> <sup>(b)</sup><br>|
|  | 200000 | Petroleos Mexicanos, 7.69%, due 1/23/2050 | &nbsp;&nbsp; 179924 |
|  | 20000 | Pluspetrol SA, 8.50%, due 5/30/2032 | &nbsp;&nbsp; 20533<br> <sup>(b)</sup><br>|
|  | 75000 | SM Energy Co., 9.63%, due 6/15/2033 | &nbsp;&nbsp; 82027<br> <sup>(b)</sup><br>|
|  | 40000 | Transocean International Ltd., 7.88%, due 10/15/2032 | &nbsp;&nbsp; 42193<br> <sup>(b)</sup><br>|
|  | 200000 | Trident Energy Finance PLC, 12.50%, due 11/30/2029 | &nbsp;&nbsp; 208070<br> <sup>(b)</sup><br>|
|  | 172000 | Vista Energy Argentina SAU, 7.63%, due 12/10/2035 | &nbsp;&nbsp; 172129<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1796896** |
| **Oil & Gas Services 0.8%** | **Oil & Gas Services 0.8%** | **Oil & Gas Services 0.8%** | **Oil & Gas Services 0.8%** |
|  | 75000 | Archrock Partners LP/Archrock Partners Finance Corp., 6.63%, due 9/1/2032 | &nbsp;&nbsp; 77745<br> <sup>(b)</sup><br>|
|  |  | Kodiak Gas Services LLC |  |
|  | 45000 | &nbsp;&nbsp;&nbsp; 6.50%, due 10/1/2033 | &nbsp;&nbsp; 46093<br> <sup>(b)</sup><br>|
|  | 45000 | &nbsp;&nbsp;&nbsp; 6.75%, due 10/1/2035 | &nbsp;&nbsp; 46497<br> <sup>(b)</sup><br>|
|  | 90000 | Star Holding LLC, 8.75%, due 8/1/2031 | &nbsp;&nbsp; 90220<br> <sup>(b)</sup><br>|
|  | 210000 | USA Compression Partners LP/USA Compression Finance Corp., 6.25%, due 10/1/2033 | &nbsp;&nbsp; 212729<br> <sup>(b)</sup><br>|
|  |  | WBI Operating LLC |  |
|  | 40000 | &nbsp;&nbsp;&nbsp; 6.25%, due 10/15/2030 | &nbsp;&nbsp; 40300<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Oil & Gas Services – cont'd** | **Oil & Gas Services – cont'd** | **Oil & Gas Services – cont'd** |
| $30000 | &nbsp;&nbsp;&nbsp; 6.50%, due 10/15/2033 | &nbsp;&nbsp; $30284<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **543868** |
| **Packaging & Containers 0.8%** | **Packaging & Containers 0.8%** | **Packaging & Containers 0.8%** |
|  | Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC |  |
| 90000 | &nbsp;&nbsp;&nbsp; 4.00%, due 9/1/2029 | &nbsp;&nbsp; 85491<br> <sup>(b)</sup><br>|
| 45000 | &nbsp;&nbsp;&nbsp; 6.25%, due 1/30/2031 | &nbsp;&nbsp; 46245<br> <sup>(b)</sup><br>|
|  | Mauser Packaging Solutions Holding Co. |  |
| 85000 | &nbsp;&nbsp;&nbsp; 7.88%, due 4/15/2030 | &nbsp;&nbsp; 86594<br> <sup>(b)</sup><br>|
| 115000 | &nbsp;&nbsp;&nbsp; 9.25%, due 4/15/2030 | &nbsp;&nbsp; 113126<br> <sup>(b)</sup><br>|
| 5000 | Sealed Air Corp., 6.50%, due 7/15/2032 | &nbsp;&nbsp; 5191<br> <sup>(b)</sup><br>|
| 35000 | Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, due 2/15/2031 | &nbsp;&nbsp; 36444<br> <sup>(b)</sup><br>|
| 55000 | Trident TPI Holdings, Inc., 12.75%, due 12/31/2028 | &nbsp;&nbsp; 55075<br> <sup>(b)</sup><br>|
|  | Trivium Packaging Finance BV |  |
| 37000 | &nbsp;&nbsp;&nbsp; 8.25%, due 7/15/2030 | &nbsp;&nbsp; 39482<br> <sup>(b)</sup><br>|
| 40000 | &nbsp;&nbsp;&nbsp; 12.25%, due 1/15/2031 | &nbsp;&nbsp; 43768<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **511416** |
| **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** |
| 120000 | 1261229 BC Ltd., 10.00%, due 4/15/2032 | &nbsp;&nbsp; 123151<br> <sup>(b)</sup><br>|
| 30000 | AdaptHealth LLC, 6.13%, due 8/1/2028 | &nbsp;&nbsp; 30110<br> <sup>(b)</sup><br>|
|  | Bausch Health Cos., Inc. |  |
| 25000 | &nbsp;&nbsp;&nbsp; 5.00%, due 1/30/2028 | &nbsp;&nbsp; 21401<br> <sup>(b)</sup><br>|
| 25000 | &nbsp;&nbsp;&nbsp; 4.88%, due 6/1/2028 | &nbsp;&nbsp; 23125<br> <sup>(b)</sup><br>|
| 15000 | &nbsp;&nbsp;&nbsp; 5.00%, due 2/15/2029 | &nbsp;&nbsp; 11437<br> <sup>(b)</sup><br>|
| 15000 | &nbsp;&nbsp;&nbsp; 5.25%, due 1/30/2030 | &nbsp;&nbsp; 10669<br> <sup>(b)</sup><br>|
| 100000 | Bayer AG, 5.38%, due 3/25/2082 | &nbsp;&nbsp; 123527<br> <sup>(e)(h)</sup><br>|
| $100000 | CVS Health Corp., 6.75%, due 12/10/2054 | &nbsp;&nbsp; 103959<br> <sup>(h)</sup><br>|
| 100000 | Grifols SA, 7.50%, due 5/1/2030 | &nbsp;&nbsp; 124075<br> <sup>(e)</sup><br>|
| 100000 | Gruenenthal GmbH, 4.63%, due 11/15/2031 | &nbsp;&nbsp; 119880<br> <sup>(e)</sup><br>|
| 100000 | Nidda Healthcare Holding GmbH, 7.00%, due 2/21/2030 | &nbsp;&nbsp; 122882<br> <sup>(e)</sup><br>|
|  | Organon & Co./Organon Foreign Debt Co-Issuer BV |  |
| $10000 | &nbsp;&nbsp;&nbsp; 6.75%, due 5/15/2034 | &nbsp;&nbsp; 9772<br> <sup>(b)</sup><br>|
| 5000 | &nbsp;&nbsp;&nbsp; 7.88%, due 5/15/2034 | &nbsp;&nbsp; 4700<br> <sup>(b)</sup><br>|
| 100000 | Teva Pharmaceutical Finance Netherlands II BV, 4.38%, due 5/9/2030 | &nbsp;&nbsp; 122057 |
|  |  | &nbsp;&nbsp; **950745** |
| **Pipelines 2.9%** | **Pipelines 2.9%** | **Pipelines 2.9%** |
| $90000 | Antero Midstream Partners LP/Antero Midstream Finance Corp., 6.63%, due 2/1/2032 | &nbsp;&nbsp; 93492<br> <sup>(b)</sup><br>|
| 125000 | CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, due 6/15/2031 | &nbsp;&nbsp; 124303<br> <sup>(b)</sup><br>|
| 115000 | Enbridge, Inc., 8.50%, due 1/15/2084 | &nbsp;&nbsp; 131598<br> <sup>(h)</sup><br>|
| 65000 | Energy Transfer LP, 6.50%, due 2/15/2056 | &nbsp;&nbsp; 65003<br> <sup>(h)</sup><br>|
| 105000 | Excelerate Energy LP, 8.00%, due 5/15/2030 | &nbsp;&nbsp; 112285<br> <sup>(b)</sup><br>|
| 145000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.00%, due 5/15/2033 | &nbsp;&nbsp; 151331 |
| 30000 | Global Partners LP/GLP Finance Corp., 7.13%, due 7/1/2033 | &nbsp;&nbsp; 30729<br> <sup>(b)</sup><br>|
| 65000 | Golar LNG Ltd., 7.50%, due 10/2/2030 | &nbsp;&nbsp; 65055<br> <sup>(b)</sup><br>|
| 160000 | Harvest Midstream I LP, 7.50%, due 5/15/2032 | &nbsp;&nbsp; 167121<br> <sup>(b)</sup><br>|
| 105000 | Howard Midstream Energy Partners LLC, 7.38%, due 7/15/2032 | &nbsp;&nbsp; 110912<br> <sup>(b)</sup><br>|
| 55000 | Kinetik Holdings LP, 5.88%, due 6/15/2030 | &nbsp;&nbsp; 55656<br> <sup>(b)</sup><br>|
|  | NGL Energy Operating LLC/NGL Energy Finance Corp. |  |
| 60000 | &nbsp;&nbsp;&nbsp; 8.13%, due 2/15/2029 | &nbsp;&nbsp; 62264<br> <sup>(b)</sup><br>|
| 25000 | &nbsp;&nbsp;&nbsp; 8.38%, due 2/15/2032 | &nbsp;&nbsp; 26166<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Pipelines – cont'd** | **Pipelines – cont'd** | **Pipelines – cont'd** |
|  | Rockies Express Pipeline LLC |  |
| $50000 | &nbsp;&nbsp;&nbsp; 6.75%, due 3/15/2033 | &nbsp;&nbsp; $52739<br> <sup>(b)</sup><br>|
| 40000 | &nbsp;&nbsp;&nbsp; 7.50%, due 7/15/2038 | &nbsp;&nbsp; 43786<br> <sup>(b)</sup><br>|
|  | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. |  |
| 90000 | &nbsp;&nbsp;&nbsp; 6.00%, due 12/31/2030 | &nbsp;&nbsp; 91330<br> <sup>(b)</sup><br>|
| 35000 | &nbsp;&nbsp;&nbsp; 6.75%, due 3/15/2034 | &nbsp;&nbsp; 35620<br> <sup>(b)</sup><br>|
| 50000 | TransMontaigne Partners LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 51871<br> <sup>(b)</sup><br>|
|  | Venture Global LNG, Inc. |  |
| 45000 | &nbsp;&nbsp;&nbsp; 8.13%, due 6/1/2028 | &nbsp;&nbsp; 46066<br> <sup>(b)</sup><br>|
| 50000 | &nbsp;&nbsp;&nbsp; 9.50%, due 2/1/2029 | &nbsp;&nbsp; 53243<br> <sup>(b)</sup><br>|
| 20000 | &nbsp;&nbsp;&nbsp; 7.00%, due 1/15/2030 | &nbsp;&nbsp; 20124<br> <sup>(b)</sup><br>|
| 45000 | &nbsp;&nbsp;&nbsp; 8.38%, due 6/1/2031 | &nbsp;&nbsp; 46027<br> <sup>(b)</sup><br>|
| 40000 | &nbsp;&nbsp;&nbsp; 9.88%, due 2/1/2032 | &nbsp;&nbsp; 42292<br> <sup>(b)</sup><br>|
|  | Venture Global Plaquemines LNG LLC |  |
| 40000 | &nbsp;&nbsp;&nbsp; 6.13%, due 12/15/2030 | &nbsp;&nbsp; 41172<br> <sup>(b)</sup><br>|
| 20000 | &nbsp;&nbsp;&nbsp; 6.50%, due 6/15/2034 | &nbsp;&nbsp; 20713<br> <sup>(b)</sup><br>|
| 115000 | &nbsp;&nbsp;&nbsp; 7.75%, due 5/1/2035 | &nbsp;&nbsp; 128237<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **1869135** |
| **Real Estate 0.8%** | **Real Estate 0.8%** | **Real Estate 0.8%** |
| 12238 | Adler Financing SARL, 8.25%, due 12/31/2028 | &nbsp;&nbsp; 16062<br> <sup>(g)</sup><br>|
| 100000 | CPI Property Group SA, 6.00%, due 1/27/2032 | &nbsp;&nbsp; 120485<br> <sup>(e)</sup><br>|
| 100000 | Heimstaden AB, 7.36%, due 1/24/2031 | &nbsp;&nbsp; 122426<br> <sup>(e)</sup><br>|
| 100000 | Heimstaden Bostad AB, 6.25%, due 12/4/2029 | &nbsp;&nbsp; 125616<br> <sup>(e)(h)(i)</sup><br>|
| 100000 | New Immo Holding SA, 4.95%, due 11/14/2030 | &nbsp;&nbsp; 120302<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **504891** |
| **Real Estate Investment Trusts 0.9%** | **Real Estate Investment Trusts 0.9%** | **Real Estate Investment Trusts 0.9%** |
| $105000 | Blackstone Mortgage Trust, Inc., 7.75%, due 12/1/2029 | &nbsp;&nbsp; 112552<br> <sup>(b)</sup><br>|
| 75000 | Brandywine Operating Partnership LP, 6.13%, due 1/15/2031 | &nbsp;&nbsp; 72667 |
| 60000 | &nbsp;&nbsp; EF Holdco/EF Cayman Holdings/Ellington Fin REIT Cayman/TRS/EF Cayman Non-MTM, 7.38%, due <br> 9/30/2030<br>| &nbsp;&nbsp; 60641<br> <sup>(b)</sup><br>|
| 70000 | Pebblebrook Hotel LP/PEB Finance Corp., 6.38%, due 10/15/2029 | &nbsp;&nbsp; 71565<br> <sup>(b)</sup><br>|
| 45000 | RHP Hotel Properties LP/RHP Finance Corp., 6.50%, due 6/15/2033 | &nbsp;&nbsp; 46647<br> <sup>(b)</sup><br>|
| 105000 | Starwood Property Trust, Inc., 6.50%, due 7/1/2030 | &nbsp;&nbsp; 109343<br> <sup>(b)</sup><br>|
| 100000 | Unibail-Rodamco-Westfield SE, 4.75%, due 6/11/2031 | &nbsp;&nbsp; 121140<br> <sup>(e)(h)(i)</sup><br>|
|  |  | &nbsp;&nbsp; **594555** |
| **Retail 1.4%** | **Retail 1.4%** | **Retail 1.4%** |
| $85000 | Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032 | &nbsp;&nbsp; 90833<br> <sup>(b)</sup><br>|
| 100000 | Fnac Darty SA, 4.75%, due 4/1/2032 | &nbsp;&nbsp; 121102<br> <sup>(e)</sup><br>|
| 100000 | Fressnapf Holding SE, 5.25%, due 10/31/2031 | &nbsp;&nbsp; 119053<br> <sup>(e)</sup><br>|
| $70000 | LCM Investments Holdings II LLC, 8.25%, due 8/1/2031 | &nbsp;&nbsp; 73742<br> <sup>(b)</sup><br>|
| 20000 | Macy's Retail Holdings LLC, 7.38%, due 8/1/2033 | &nbsp;&nbsp; 21119<br> <sup>(b)</sup><br>|
| 80000 | Michaels Cos., Inc., 5.25%, due 5/1/2028 | &nbsp;&nbsp; 79128<br> <sup>(b)</sup><br>|
| 50000 | Petco Health & Wellness Co., Inc., 8.25%, due 2/1/2031 | &nbsp;&nbsp; 50131<br> <sup>(b)(f)</sup><br>|
|  | PetSmart LLC/PetSmart Finance Corp. |  |
| 70000 | &nbsp;&nbsp;&nbsp; 7.50%, due 9/15/2032 | &nbsp;&nbsp; 71782<br> <sup>(b)</sup><br>|
| 25000 | &nbsp;&nbsp;&nbsp; 10.00%, due 9/15/2033 | &nbsp;&nbsp; 26014<br> <sup>(b)</sup><br>|
| 105000 | QXO Building Products, Inc., 6.75%, due 4/30/2032 | &nbsp;&nbsp; 108200<br> <sup>(b)</sup><br>|
| 35000 | Staples, Inc., 10.75%, due 9/1/2029 | &nbsp;&nbsp; 34392<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Retail – cont'd** | **Retail – cont'd** | **Retail – cont'd** |
| $95000 | White Cap Supply Holdings LLC, 7.38%, due 11/15/2030 | &nbsp;&nbsp; $98675<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **894171** |
| **Savings & Loans 0.4%** | **Savings & Loans 0.4%** | **Savings & Loans 0.4%** |
| 200000 | Coventry Building Society, 8.75%, due 6/11/2029 | &nbsp;&nbsp; **295251**<br> <sup>(e)(h)(i)</sup><br>|
| **Semiconductors 1.4%** | **Semiconductors 1.4%** | **Semiconductors 1.4%** |
| $105000 | Amkor Technology, Inc., 5.88%, due 10/1/2033 | &nbsp;&nbsp; 107006<br> <sup>(b)</sup><br>|
|  | Foundry JV Holdco LLC |  |
| 250000 | &nbsp;&nbsp;&nbsp; 6.15%, due 1/25/2032 | &nbsp;&nbsp; 266183<br> <sup>(b)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 6.40%, due 1/25/2038 | &nbsp;&nbsp; 214092<br> <sup>(b)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 6.30%, due 1/25/2039 | &nbsp;&nbsp; 212876<br> <sup>(b)</sup><br>|
| 150000 | Intel Corp., 4.75%, due 3/25/2050 | &nbsp;&nbsp; 124226 |
|  |  | &nbsp;&nbsp; **924383** |
| **Software 1.3%** | **Software 1.3%** | **Software 1.3%** |
| 60000 | AthenaHealth Group, Inc., 6.50%, due 2/15/2030 | &nbsp;&nbsp; 58191<br> <sup>(b)</sup><br>|
| 70000 | Capstone Borrower, Inc., 8.00%, due 6/15/2030 | &nbsp;&nbsp; 65079<br> <sup>(b)</sup><br>|
|  | Cloud Software Group, Inc. |  |
| 110000 | &nbsp;&nbsp;&nbsp; 6.50%, due 3/31/2029 | &nbsp;&nbsp; 109314<br> <sup>(b)</sup><br>|
| 60000 | &nbsp;&nbsp;&nbsp; 9.00%, due 9/30/2029 | &nbsp;&nbsp; 60586<br> <sup>(b)</sup><br>|
| 120000 | &nbsp;&nbsp;&nbsp; 6.63%, due 8/15/2033 | &nbsp;&nbsp; 115030<br> <sup>(b)</sup><br>|
| 35000 | CoreWeave, Inc., 9.00%, due 2/1/2031 | &nbsp;&nbsp; 34029<br> <sup>(b)</sup><br>|
| 75000 | Ellucian Holdings, Inc., 6.50%, due 12/1/2029 | &nbsp;&nbsp; 73804<br> <sup>(b)</sup><br>|
| 60000 | Fair Isaac Corp., 6.00%, due 5/15/2033 | &nbsp;&nbsp; 61136<br> <sup>(b)</sup><br>|
| 235000 | Oracle Corp., 5.95%, due 9/26/2055 | &nbsp;&nbsp; 207217 |
| 70000 | UKG, Inc., 6.88%, due 2/1/2031 | &nbsp;&nbsp; 69944<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **854330** |
| **Telecommunications 4.3%** | **Telecommunications 4.3%** | **Telecommunications 4.3%** |
|  | Altice France SA |  |
| 69435 | &nbsp;&nbsp;&nbsp; 6.88%, due 10/15/2030 | &nbsp;&nbsp; 68263<br> <sup>(b)</sup><br>|
| 14695 | &nbsp;&nbsp;&nbsp; 5.50%, due 10/15/2031 | &nbsp;&nbsp; 16874<br> <sup>(e)</sup><br>|
| $15000 | &nbsp;&nbsp;&nbsp; 6.50%, due 10/15/2031 | &nbsp;&nbsp; 14622<br> <sup>(b)</sup><br>|
| 30000 | &nbsp;&nbsp;&nbsp; 6.50%, due 4/15/2032 | &nbsp;&nbsp; 29301<br> <sup>(b)</sup><br>|
| 25000 | &nbsp;&nbsp;&nbsp; 6.88%, due 7/15/2032 | &nbsp;&nbsp; 24414<br> <sup>(b)</sup><br>|
|  | Bell Telephone Co. of Canada or Bell Canada |  |
| 130000 | &nbsp;&nbsp;&nbsp; 6.88%, due 9/15/2055 | &nbsp;&nbsp; 134689<br> <sup>(h)</sup><br>|
| 145000 | &nbsp;&nbsp;&nbsp; 7.00%, due 9/15/2055 | &nbsp;&nbsp; 152080<br> <sup>(h)</sup><br>|
| 100000 | British Telecommunications PLC, 5.13%, due 10/3/2054 | &nbsp;&nbsp; 123650<br> <sup>(e)(h)</sup><br>|
| $35000 | Cipher Compute LLC, 7.13%, due 11/15/2030 | &nbsp;&nbsp; 36064<br> <sup>(b)</sup><br>|
|  | Fibercop SpA |  |
| 100000 | &nbsp;&nbsp;&nbsp; 2.38%, due 10/12/2027 | &nbsp;&nbsp; 117489<br> <sup>(e)</sup><br>|
| $45000 | &nbsp;&nbsp;&nbsp; 6.38%, due 11/15/2033 | &nbsp;&nbsp; 45574<br> <sup>(b)</sup><br>|
| 45000 | &nbsp;&nbsp;&nbsp; 7.20%, due 7/18/2036 | &nbsp;&nbsp; 45532<br> <sup>(b)</sup><br>|
| 100000 | Iliad Holding SAS, 5.63%, due 10/15/2028 | &nbsp;&nbsp; 120190<br> <sup>(e)</sup><br>|
|  | Level 3 Financing, Inc. |  |
| $40000 | &nbsp;&nbsp;&nbsp; 6.88%, due 6/30/2033 | &nbsp;&nbsp; 41220<br> <sup>(b)</sup><br>|
| 85000 | &nbsp;&nbsp;&nbsp; 7.00%, due 3/31/2034 | &nbsp;&nbsp; 88043<br> <sup>(b)</sup><br>|
| 35000 | &nbsp;&nbsp;&nbsp; 8.50%, due 1/15/2036 | &nbsp;&nbsp; 35831<br> <sup>(b)</sup><br>|
| 100000 | Odido Holding BV, 3.75%, due 1/15/2029 | &nbsp;&nbsp; 118639<br> <sup>(e)</sup><br>|
| 100000 | Proximus SADP, 4.75%, due 7/2/2031 | &nbsp;&nbsp; 121562<br> <sup>(e)(h)(i)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Telecommunications – cont'd** | **Telecommunications – cont'd** | **Telecommunications – cont'd** |
|  | Rogers Communications, Inc. |  |
| $55000 | &nbsp;&nbsp;&nbsp; 7.00%, due 4/15/2055 | &nbsp;&nbsp; $57050<br> <sup>(h)</sup><br>|
| 180000 | &nbsp;&nbsp;&nbsp; 7.13%, due 4/15/2055 | &nbsp;&nbsp; 188757<br> <sup>(h)</sup><br>|
| 100000 | SoftBank Group Corp., 5.25%, due 10/10/2029 | &nbsp;&nbsp; 120684<br> <sup>(e)</sup><br>|
| 100000 | Telecom Italia SpA, 3.63%, due 9/30/2030 | &nbsp;&nbsp; 119179<br> <sup>(e)</sup><br>|
| 100000 | Telefonica Europe BV, 6.14%, due 2/3/2030 | &nbsp;&nbsp; 127239<br> <sup>(e)(h)(i)</sup><br>|
| $145000 | TELUS Corp., 6.63%, due 6/9/2056 | &nbsp;&nbsp; 145648<br> <sup>(h)</sup><br>|
| 60000 | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, 8.63%, due 6/15/2032 | &nbsp;&nbsp; 60450<br> <sup>(b)(f)</sup><br>|
| 80000 | Uniti Services LLC, 7.50%, due 10/15/2033 | &nbsp;&nbsp; 82596<br> <sup>(b)</sup><br>|
| 100000 | Vmed O2 U.K. Financing I PLC, 5.63%, due 4/15/2032 | &nbsp;&nbsp; 116900<br> <sup>(e)</sup><br>|
| 100000 | Vodafone Group PLC, 3.00%, due 8/27/2080 | &nbsp;&nbsp; 114753<br> <sup>(e)(h)</sup><br>|
| $135000 | Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031 | &nbsp;&nbsp; 141416<br> <sup>(b)</sup><br>|
| 52584 | Zayo Group Holdings, Inc., 9.25%, due 3/9/2030 | &nbsp;&nbsp; 51346<br> <sup>(b)</sup><br>|
| 100000 | Zegona Finance PLC, 6.75%, due 7/15/2029 | &nbsp;&nbsp; 124341<br> <sup>(e)</sup><br>|
|  |  | &nbsp;&nbsp; **2784396** |
| **Transportation 0.5%** | **Transportation 0.5%** | **Transportation 0.5%** |
| 100000 | Edge Finco PLC, 8.13%, due 8/15/2031 | &nbsp;&nbsp; 145919<br> <sup>(e)</sup><br>|
| $200000 | XPO, Inc., 7.13%, due 2/1/2032 | &nbsp;&nbsp; 210250<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **356169** |
| **Trucking & Leasing 0.1%** | **Trucking & Leasing 0.1%** | **Trucking & Leasing 0.1%** |
|  | FTAI Aviation Investors LLC |  |
| 10000 | &nbsp;&nbsp;&nbsp; 7.88%, due 12/1/2030 | &nbsp;&nbsp; 10603<br> <sup>(b)</sup><br>|
| 50000 | &nbsp;&nbsp;&nbsp; 7.00%, due 5/1/2031 | &nbsp;&nbsp; 52609<br> <sup>(b)</sup><br>|
| 10000 | &nbsp;&nbsp;&nbsp; 7.00%, due 6/15/2032 | &nbsp;&nbsp; 10524<br> <sup>(b)</sup><br>|
|  |  | &nbsp;&nbsp; **73736** |
| **Water 0.4%** | **Water 0.4%** | **Water 0.4%** |
| 100000 | Holding d'Infrastructures des Metiers de l'Environnement SAS, 4.88%, due 10/24/2029 | &nbsp;&nbsp; 123404<br> <sup>(e)</sup><br>|
| 100000 | Veolia Environnement SA, 2.00%, due 11/15/2027 | &nbsp;&nbsp; 115870<br> <sup>(e)(h)(i)</sup><br>|
|  |  | &nbsp;&nbsp; **239274** |
| **Total Corporate Bonds (Cost $39,026,696)** | **Total Corporate Bonds (Cost $39,026,696)** | &nbsp;&nbsp; **39840668** |
| **Loan Assignments**<sup>(c)</sup> **12.0%** | **Loan Assignments**<sup>(c)</sup> **12.0%** | **Loan Assignments**<sup>(c)</sup> **12.0%** |
| **Capital Markets 1.9%** | **Capital Markets 1.9%** | **Capital Markets 1.9%** |
| $500000 | Citco Funding LLC, Term Loan B, (1 mo. USD Term SOFR), due 1/21/2033 | &nbsp;&nbsp; 499690<br> <sup>(k)(l)</sup><br>|
| 250000 | &nbsp;&nbsp; Edelman Financial Center LLC, Second Lien Term Loan, (1 mo. USD Term SOFR + 5.25%), 8.92%, <br> due 10/6/2028<br>| &nbsp;&nbsp; 250105 |
| 495003 | &nbsp;&nbsp; Focus Financial Partners LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.17%, due <br> 9/15/2031<br>| &nbsp;&nbsp; 491573 |
|  |  | &nbsp;&nbsp; **1241368** |
| **Chemicals 0.7%** | **Chemicals 0.7%** | **Chemicals 0.7%** |
| 500000 | &nbsp;&nbsp; Olympus Water U.S. Holding Corp., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 6.92%, due <br> 11/3/2032<br>| &nbsp;&nbsp; **491460** |
| **Commercial Services & Supplies 0.8%** | **Commercial Services & Supplies 0.8%** | **Commercial Services & Supplies 0.8%** |
| 498741 | &nbsp;&nbsp; Garda World Security Corp., Term Loan B, (3 mo. USD Term SOFR + 2.75%), 6.42%, due <br> 2/1/2029<br>| &nbsp;&nbsp; **497494** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Containers & Packaging 0.7%** | **Containers & Packaging 0.7%** | **Containers & Packaging 0.7%** |
| $493762 | Trident TPI Holdings, Inc., Term Loan B7, (3 mo. USD Term SOFR + 3.75%), 7.42%, due 9/15/2028 | &nbsp;&nbsp; **$464497** |
| **Diversified Telecommunication Services 1.1%** | **Diversified Telecommunication Services 1.1%** | **Diversified Telecommunication Services 1.1%** |
| 247369 | CSC Holdings LLC, Term Loan B5, (3 mo. USD Term SOFR + 1.50%), 8.25%, due 4/15/2027 | &nbsp;&nbsp; 220405 |
|  | Lumen Technologies, Inc. |  |
| 247464 | &nbsp;&nbsp;&nbsp; Term Loan B1, (1 mo. USD Term SOFR + 2.35%), 6.14%, due 4/16/2029 | &nbsp;&nbsp; 246660 |
| 247464 | &nbsp;&nbsp;&nbsp; Term Loan B2, (1 mo. USD Term SOFR + 2.35%), 6.14%, due 4/15/2030 | &nbsp;&nbsp; 246660 |
| 22745 | &nbsp;&nbsp; Zayo Group Holdings, Inc., Term Loan, (1 mo. USD Term SOFR + 0.50%, 1 mo. USD Term SOFR + <br> 3.00%), 0.50% – 6.79%, due 3/11/2030<br>| &nbsp;&nbsp; 21870<br> <sup>(m)</sup><br>|
|  |  | &nbsp;&nbsp; **735595** |
| **Electric Utilities 0.7%** | **Electric Utilities 0.7%** | **Electric Utilities 0.7%** |
| 481843 | &nbsp;&nbsp; Cornerstone Generation LLC, Term Loan B, (3 mo. USD Term SOFR + 3.25%), 6.92%, due <br> 8/11/2032<br>| &nbsp;&nbsp; **485057** |
| **Electrical Equipment 0.8%** | **Electrical Equipment 0.8%** | **Electrical Equipment 0.8%** |
| 500000 | Resilience Parent LLC, First Lien Term Loan, (1 mo. USD Term SOFR), due 1/21/2033 | &nbsp;&nbsp; **499375**<br> <sup>(k)(l)</sup><br>|
| **Health Care Equipment & Supplies 2.7%** | **Health Care Equipment & Supplies 2.7%** | **Health Care Equipment & Supplies 2.7%** |
| 493772 | &nbsp;&nbsp; Auris Luxembourg III SARL, Term Loan B, (6 mo. USD Term SOFR + 3.50%), 7.20%, due <br> 2/28/2029<br>| &nbsp;&nbsp; 493466 |
| 746250 | Bausch & Lomb Corp., Term Loan, (1 mo. USD Term SOFR + 3.75%), 7.42%, due 1/15/2031 | &nbsp;&nbsp; 750914 |
| 497500 | Medline Borrower LP, Term Loan B, (1 mo. USD Term SOFR + 1.75%), 5.42%, due 10/23/2030 | &nbsp;&nbsp; 498564 |
|  |  | &nbsp;&nbsp; **1742944** |
| **Health Care Technology 0.7%** | **Health Care Technology 0.7%** | **Health Care Technology 0.7%** |
| 500000 | Hologic, Inc., Term Loan B, (1 mo. USD Term SOFR), due 1/14/2033 | &nbsp;&nbsp; **496190**<br> <sup>(k)(l)</sup><br>|
| **IT Services 0.8%** | **IT Services 0.8%** | **IT Services 0.8%** |
| 496250 | QualityTech LP, Term Loan B, (1 mo. USD Term SOFR + 3.50%), 7.18%, due 10/30/2031 | &nbsp;&nbsp; **496250**<br> <sup>(n)</sup><br>|
| **Life Sciences Tools & Services 0.8%** | **Life Sciences Tools & Services 0.8%** | **Life Sciences Tools & Services 0.8%** |
| 500000 | Parexel International Corp., Term Loan B, (1 mo. USD Term SOFR), due 12/12/2031 | &nbsp;&nbsp; **499585**<br> <sup>(k)(l)</sup><br>|
| **Software 0.3%** | **Software 0.3%** | **Software 0.3%** |
| 250000 | Cloudera, Inc., Second Lien Term Loan, (1 mo. USD Term SOFR + 6.00%), 9.77%, due 10/8/2029 | &nbsp;&nbsp; **182500** |
| **Total Loan Assignments (Cost $7,929,237)** | **Total Loan Assignments (Cost $7,929,237)** | &nbsp;&nbsp; **7832315** |
| **Foreign Government Securities 6.4%** | **Foreign Government Securities 6.4%** | **Foreign Government Securities 6.4%** |
|  | Argentine Republic Government International Bonds |  |
| 100800 | &nbsp;&nbsp;&nbsp; 0.75%, due 7/9/2030 | &nbsp;&nbsp; 85277<br> <sup>(j)</sup><br>|
| 90000 | &nbsp;&nbsp;&nbsp; 4.13%, due 7/9/2035 | &nbsp;&nbsp; 69615<br> <sup>(j)</sup><br>|
|  | Colombia Government International Bonds |  |
| 200000 | &nbsp;&nbsp;&nbsp; 7.50%, due 2/2/2034 | &nbsp;&nbsp; 208520 |
| 200000 | &nbsp;&nbsp;&nbsp; 7.75%, due 11/7/2036 | &nbsp;&nbsp; 208940 |
| 173365 | Ecuador Government International Bonds, 6.90%, due 7/31/2035 | &nbsp;&nbsp; 157936<br> <sup>(e)</sup><br>|
| 200000 | Egypt Government International Bonds, 8.70%, due 3/1/2049 | &nbsp;&nbsp; 195995<br> <sup>(e)</sup><br>|
| 150000 | El Salvador Government International Bonds, 9.50%, due 7/15/2052 | &nbsp;&nbsp; 170293<br> <sup>(e)</sup><br>|
|  | Ghana Government International Bonds |  |
| 1760 | &nbsp;&nbsp;&nbsp; 0.00%, due 7/3/2026 | &nbsp;&nbsp; 1718<br> <sup>(b)</sup><br>|
| 76560 | &nbsp;&nbsp;&nbsp; 5.00%, due 7/3/2035 | &nbsp;&nbsp; 69805<br> <sup>(b)(j)</sup><br>|
| 200000 | Guatemala Government Bonds, 5.25%, due 8/10/2029 | &nbsp;&nbsp; 201920<br> <sup>(e)</sup><br>|
| 150000 | Honduras Government International Bonds, 8.63%, due 11/27/2034 | &nbsp;&nbsp; 172519<br> <sup>(e)</sup><br>|
| 8000 | Hungary Government International Bonds, 4.88%, due 3/25/2038 | &nbsp;&nbsp; 9554<br> <sup>(e)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Principal Amount**<sup>(a)</sup> | **Value** |
| **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** | **Foreign Government Securities – cont'd** |
|  |  | Ivory Coast Government International Bonds |  |
| EUR | 100000 | &nbsp;&nbsp;&nbsp; 5.88%, due 10/17/2031 | &nbsp;&nbsp; $121392<br> <sup>(e)</sup><br>|
| EUR | 200000 | &nbsp;&nbsp;&nbsp; 6.88%, due 10/17/2040 | &nbsp;&nbsp; 236317<br> <sup>(e)</sup><br>|
| EUR | 100000 | &nbsp;&nbsp;&nbsp; 6.63%, due 3/22/2048 | &nbsp;&nbsp; 109615<br> <sup>(e)</sup><br>|
| $| 200000 | Mongolia Government International Bonds, 3.50%, due 7/7/2027 | &nbsp;&nbsp; 195603<br> <sup>(e)</sup><br>|
|  |  | Nigeria Government International Bonds |  |
|  | 200000 | &nbsp;&nbsp;&nbsp; 8.38%, due 3/24/2029 | &nbsp;&nbsp; 212722<br> <sup>(e)</sup><br>|
|  | 200000 | &nbsp;&nbsp;&nbsp; 7.70%, due 2/23/2038 | &nbsp;&nbsp; 197814<br> <sup>(e)</sup><br>|
|  | 266336 | Provincia de Buenos Aires Government Bonds, 6.63%, due 9/1/2037 | &nbsp;&nbsp; 215066<br> <sup>(e)</sup><br>|
|  | 200000 | Republic of South Africa Government International Bonds, 5.75%, due 9/30/2049 | &nbsp;&nbsp; 164715 |
|  |  | Romania Government International Bonds |  |
|  | 138000 | &nbsp;&nbsp;&nbsp; 3.63%, due 3/27/2032 | &nbsp;&nbsp; 126505<br> <sup>(b)</sup><br>|
| EUR | 200000 | &nbsp;&nbsp;&nbsp; 6.38%, due 9/18/2033 | &nbsp;&nbsp; 259001<br> <sup>(e)</sup><br>|
|  |  | Sri Lanka Government International Bonds |  |
| $| 91276 | &nbsp;&nbsp;&nbsp; 3.35%, due 3/15/2033 | &nbsp;&nbsp; 83700<br> <sup>(b)(j)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; 3.35%, due 3/15/2033 | &nbsp;&nbsp; 91700<br> <sup>(e)(j)</sup><br>|
|  | 76208 | &nbsp;&nbsp;&nbsp; 3.60%, due 2/15/2038 | &nbsp;&nbsp; 75446<br> <sup>(b)(j)</sup><br>|
|  | 170000 | &nbsp;&nbsp;&nbsp; 3.60%, due 2/15/2038 | &nbsp;&nbsp; 168299<br> <sup>(e)(j)</sup><br>|
|  | 200000 | Uzbekneftegaz JSC, 8.75%, due 5/7/2030 | &nbsp;&nbsp; 216324<br> <sup>(e)</sup><br>|
|  | 141412 | Zambia Government International Bonds, 5.75%, due 6/30/2033 | &nbsp;&nbsp; 138332<br> <sup>(e)(j)</sup><br>|
| **Total Foreign Government Securities (Cost $3,799,583)** | **Total Foreign Government Securities (Cost $3,799,583)** | **Total Foreign Government Securities (Cost $3,799,583)** | &nbsp;&nbsp; **4164643** |
| **Number of Shares** | **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 5.5%** | **Short-Term Investments 5.5%** | **Short-Term Investments 5.5%** | **Short-Term Investments 5.5%** |
| **Investment Companies 5.5%** | **Investment Companies 5.5%** | **Investment Companies 5.5%** | **Investment Companies 5.5%** |
|  | 3575101 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, <br> 3.65%<sup>(o)</sup> **(Cost $3,575,101)**<br>| &nbsp;&nbsp; **3575101** |
| **Total Investments 100.9% (Cost $64,684,995)** | **Total Investments 100.9% (Cost $64,684,995)** | **Total Investments 100.9% (Cost $64,684,995)** | &nbsp;&nbsp; **65846760** |
| Liabilities Less Other Assets (0.9)% | Liabilities Less Other Assets (0.9)% | Liabilities Less Other Assets (0.9)% | &nbsp;&nbsp; (610727)<sup>(p)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$65236033** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Principal amount is stated in the currency in which the security is denominated.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At January 31, 2026, these securities amounted to $34,757,512, which represents 53.3% of net assets of
 the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security. The interest rate shown was the current rate as
 of January 31, 2026 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Variable or floating rate security where the stated interest rate is not based on
 a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current
 interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current
 rate as of January 31, 2026.

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(e) Security exempt from registration pursuant to Regulation S under the Securities Act
 of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States
 and do not involve directed selling efforts in the United States and as such may have restrictions on
 resale. Total value of all such securities at January 31, 2026 amounted to $12,159,660, which represents 18.6%
 of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(f) When-issued security. Total value of all such securities at January 31, 2026 amounted
 to $537,986, which represents 0.8% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Payment-in-kind (PIK) security.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(i) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(j) Step Bond. Coupon rate is a fixed rate for an initial period that either resets at
 a specific date or may reset in the future contingent upon a predetermined trigger. The interest rate shown was the
 current rate as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(k) All or a portion of this security was purchased on a delayed delivery basis.

&nbsp;&nbsp;&nbsp;&nbsp;(l) All or a portion of this security had not settled as of January 31, 2026 and thus
 may not have an interest rate in effect. Interest rates do not take effect until settlement.

&nbsp;&nbsp;&nbsp;&nbsp;(m) The stated interest rates represent the range of rates at January 31, 2026 of the
 underlying contracts within the Loan Assignment.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Value determined using significant unobservable inputs.

&nbsp;&nbsp;&nbsp;&nbsp;(o) Represents 7-day effective yield as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(p) Includes the impact of the Fund's open positions in derivatives at January 31, 2026.

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage of** <br>**Net Assets**<br>|
| United States | $36389925 | 55.8% |
| Cayman Islands | 4391884 | 6.7% |
| Canada | 2134324 | 3.3% |
| United Kingdom | 2080734 | 3.2% |
| France | 1767618 | 2.7% |
| Jersey | 1762652 | 2.7% |
| Germany | 1175793 | 1.8% |
| Netherlands | 880761 | 1.3% |
| Cote D'Ivoire | 673775 | 1.0% |
| Brazil | 672792 | 1.0% |
| Denmark | 656910 | 1.0% |
| Spain | 612759 | 0.9% |
| Argentina | 562620 | 0.9% |
| Luxembourg | 452557 | 0.7% |
| Peru | 447217 | 0.7% |
| Uzbekistan | 430801 | 0.7% |
| Sri Lanka | 419145 | 0.6% |
| Colombia | 417460 | 0.6% |
| Nigeria | 410536 | 0.6% |
| Mexico | 396454 | 0.6% |
| Romania | 385506 | 0.6% |
| Sweden | 366655 | 0.6% |
| Italy | 327774 | 0.5% |
| Portugal | 245694 | 0.4% |
| India | 214251 | 0.3% |
| Zambia | 212772 | 0.3% |
| Congo | 208395 | 0.3% |
| Angola | 202354 | 0.3% |
| Supranational | 202302 | 0.3% |
| Guatemala | 201920 | 0.3% |
| Switzerland | 201121 | 0.3% |
| Macau | 200058 | 0.3% |
| Chile | 199622 | 0.3% |
| China | 196464 | 0.3% |
| Egypt | 195995 | 0.3% |
| Mongolia | 195603 | 0.3% |
| Honduras | 172519 | 0.3% |
| El Salvador | 170293 | 0.3% |
| South Africa | 164715 | 0.3% |
| Ecuador | 157936 | 0.2% |
| Slovenia | 122599 | 0.2% |
| Israel | 122057 | 0.2% |
| Belgium | 121562 | 0.2% |
| Australia | 120860 | 0.2% |
| Japan | 120684 | 0.2% |
| Czech Republic | 120485 | 0.2% |
| Finland | 120228 | 0.2% |

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY (cont'd)** | **POSITIONS BY COUNTRY (cont'd)** | **POSITIONS BY COUNTRY (cont'd)** |
| **Country** | **Investments at**<br> **Value**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage of**<br> **Net Assets**<br>|
| Ireland | $118386 | 0.2% |
| Ghana | 71523 | 0.1% |
| Republic of Cameroon | 65055 | 0.1% |
| Other countries, each representing less than 0.05% of net assets of the Fund | 9554 | 0.0% |
| Short-Term Investments and Other Liabilities—Net | 2964374 | 4.6% |
|  | **$65236033** | **100.0%** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At January 31, 2026, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | U.S. Treasury Long Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $460500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(8781)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1565594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21534)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9041164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (23728)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19 | U.S. Treasury Note, Ultra 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2168969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21078)<br>|
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$13236227** | &nbsp;&nbsp;&nbsp;&nbsp; **$(75121)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | Euro-Bobl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(2764472)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(628)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | Euro-Bund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (911558)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2110 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | Euro-Buxl | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (130246)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2442 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | Euro-Oat | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (144530)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (925)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12 | Euro-Schatz | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1520638)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (142)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | Long Gilt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (248629)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (94)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1250953)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2493 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (234875)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1875 |
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$(7205901)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$7131** |
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$(67990)**<br>|

---

**Forward foreign currency contracts ("forward FX contracts")**

At January 31, 2026, open forward FX contracts for the Fund were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Counterparty** | &nbsp;&nbsp;&nbsp;&nbsp; **Settlement** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Net** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| USD | 509673 | EUR | 434107 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(6614)<br>|
| USD | 30415 | EUR | 25894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (381)<br>|
| USD | 118404 | EUR | 100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (527)<br>|
| USD | 1900928 | EUR | 1617462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (22738)<br>|
| USD | 410197 | EUR | 348630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4433)<br>|
| USD | 4822057 | EUR | 4098308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (52107)<br>|
| USD | 146797 | GBP | 109506 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3031)<br>|
| USD | 404222 | GBP | 300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SSB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6242)<br>|
| USD | 272584 | GBP | 201492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UBS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3100)<br>|
| **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** | **Total unrealized depreciation** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$(99173)**<br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

**Credit default swap contracts ("credit default swaps")**

At January 31, 2026, the Fund had outstanding credit default swaps as follows:

**Centrally Cleared Credit Default Swaps — Sell Protection**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Clearinghouse** | **Reference** <br>**Entity**<br>| **Notional** <br>**Amount** | **Notional** <br>**Amount** | **Financing** <br>**Rate** <br>**Received** <br>**by** <br>**the Fund**<br>| **Maturity** <br>**Date**<br>| **Upfront** <br>**Payments/** <br>**(Receipts)**<br>| **Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Accrued** <br>**Net** <br>**Interest** <br>**Receivable/** <br>**(Payable)**<br>| **Value** |
| ICE CC | CDX North America <br>High Yield <br>Index, Ser. 45.V2<br>| USD | 1385010 | 5.00<br> %<br>3M | 12/20/2030 | $99860 | $16222 | $7887 | $123969 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| Mortgage-Backed Securities<sup>#</sup> <br>| $— | $3419901 | $— | $3419901 |
| Asset-Backed Securities<sup>#</sup> <br>|  | 7014132 |  | 7014132 |
| Corporate Bonds<sup>#</sup> <br>|  | 39840668 |  | 39840668 |
| Loan Assignments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; IT Services |  |  | 496250 | 496250 |
| &nbsp;&nbsp;&nbsp; Other Loan Assignments<sup>#</sup> <br>|  | 7336065 |  | 7336065 |
| Total Loan Assignments |  | 7336065 | 496250 | 7832315 |
| Foreign Government Securities |  | 4164643 |  | 4164643 |
| Short-Term Investments |  | 3575101 |  | 3575101 |
| **Total Investments** | **$—** | **$65350510** | **$496250** | **$65846760** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary. 

(a) The following is a reconciliation between the beginning and ending balances of investments in which significant unobservable inputs (Level 3) were used in determining value: 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 11/1/2025**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases** | **Sales/** <br>**Other** <br>**reductions**<br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**1/31/2026**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**1/31/2026**<br>|
| **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** |
| Loan <br> Assignments<sup>(1)</sup> <br>| $498 | $— | $— | $(1)<br>| $— | $(1)<br>| $— | $— | $496 | $(1)<br>|
| **Total** | **$498** | **$—** | **$—** | **$(1)**<br>| **$—** | **$(1)**<br>| **$—** | **$—** | **$496** | **$(1)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Securities categorized as Level 3 were valued using a single quotation obtained from a dealer. The <br> Fund does not have access to significant unobservable inputs and therefore cannot disclose such <br> inputs used in formulating such quotation. |

---

See Notes to Schedule of Investments

------

Schedule of Investments Flexible Credit Income ETF^ (Unaudited) (cont'd)

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's derivatives as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets | $8920 | $— | $— | $8920 |
| &nbsp;&nbsp;&nbsp; Liabilities | (76910)<br>|  |  | (76910)<br>|
| Forward FX Contracts<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Liabilities |  | (99173)<br>|  | (99173)<br>|
| Swaps |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets |  | 123969 |  | 123969 |
| **Total** | **$(67990)**<br>| **$24796** | **$—** | **$(43194)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

@ Futures and forward FX contracts are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited)

January 31, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **U.S. Treasury Obligations 4.0%** | **U.S. Treasury Obligations 4.0%** | **U.S. Treasury Obligations 4.0%** |
| $33000000 | U.S. Treasury Notes, 3.38%, due 12/31/2027 **(Cost $32,868,541)** | &nbsp;&nbsp; **$32904610** |
| **Mortgage-Backed Securities 33.0%** | **Mortgage-Backed Securities 33.0%** | **Mortgage-Backed Securities 33.0%** |
| **Collateralized Mortgage Obligations 17.5%** | **Collateralized Mortgage Obligations 17.5%** | **Collateralized Mortgage Obligations 17.5%** |
|  | A&D Mortgage Trust |  |
| 678526 | &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A3, 6.09%, due 6/25/2070 | &nbsp;&nbsp; 686822<br> <sup>(a)</sup><br>|
| 1546197 | &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 5.12%, due 12/25/2070 | &nbsp;&nbsp; 1553956<br> <sup>(a)</sup><br>|
| 565894 | Angel Oak Mortgage Trust, Series 2025-10, Class A3, 5.37%, due 9/25/2070 | &nbsp;&nbsp; 568595<br> <sup>(a)</sup><br>|
|  | BRAVO Residential Funding Trust |  |
| 248282 | &nbsp;&nbsp;&nbsp; Series 2024-NQM6, Class A1, 5.41%, due 8/1/2064 | &nbsp;&nbsp; 250230<br> <sup>(a)</sup><br>|
| 220986 | &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A3, 5.80%, due 2/25/2065 | &nbsp;&nbsp; 223127<br> <sup>(a)</sup><br>|
|  | Chase Home Lending Mortgage Trust |  |
| 117047 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A6A, 6.00%, due 2/25/2055 | &nbsp;&nbsp; 117863<br> <sup>(a)(b)</sup><br>|
| 220899 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A6, 6.00%, due 3/25/2055 | &nbsp;&nbsp; 222388<br> <sup>(a)(b)</sup><br>|
| 103915 | &nbsp;&nbsp;&nbsp; Series 2024-10, Class A4A, 5.50%, due 10/25/2055 | &nbsp;&nbsp; 104474<br> <sup>(a)(b)</sup><br>|
| 282881 | &nbsp;&nbsp;&nbsp; Series 2024-11, Class A4, 6.00%, due 11/25/2055 | &nbsp;&nbsp; 287421<br> <sup>(a)(b)</sup><br>|
| 592517 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A4, 6.00%, due 11/25/2055 | &nbsp;&nbsp; 602170<br> <sup>(a)(b)</sup><br>|
| 832265 | &nbsp;&nbsp;&nbsp; Series 2025-10, Class A4A, 5.50%, due 7/25/2056 | &nbsp;&nbsp; 840296<br> <sup>(a)(b)</sup><br>|
|  | COLT Mortgage Loan Trust |  |
| 600670 | &nbsp;&nbsp;&nbsp; Series 2021-5, Class A1, 1.73%, due 11/26/2066 | &nbsp;&nbsp; 553768<br> <sup>(a)(b)</sup><br>|
| 163635 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A1, 6.13%, due 4/25/2069 | &nbsp;&nbsp; 165446<br> <sup>(a)</sup><br>|
| 139707 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A3, 6.43%, due 4/25/2069 | &nbsp;&nbsp; 141184<br> <sup>(a)</sup><br>|
| 185000 | &nbsp;&nbsp;&nbsp; Series 2025-6, Class M1, 6.27%, due 8/25/2070 | &nbsp;&nbsp; 187779<br> <sup>(a)(b)</sup><br>|
| 879000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class A1, 4.76%, due 2/25/2071 | &nbsp;&nbsp; 879410<br> <sup>(a)(b)</sup><br>|
|  | Connecticut Avenue Securities Trust |  |
| 119501 | &nbsp;&nbsp;&nbsp; Series 2021-R01, Class 1M2, (30 day USD SOFR Average + 1.55%), 5.25%, due 10/25/2041 | &nbsp;&nbsp; 120022<br> <sup>(a)(c)</sup><br>|
| 515000 | &nbsp;&nbsp;&nbsp; Series 2021-R01, Class 1B1, (30 day USD SOFR Average + 3.10%), 6.80%, due 10/25/2041 | &nbsp;&nbsp; 522725<br> <sup>(a)(c)</sup><br>|
| 852000 | &nbsp;&nbsp;&nbsp; Series 2021-R03, Class 1M2, (30 day USD SOFR Average + 1.65%), 5.35%, due 12/25/2041 | &nbsp;&nbsp; 857307<br> <sup>(a)(c)</sup><br>|
| 1493237 | &nbsp;&nbsp;&nbsp; Series 2022-R02, Class 2M2, (30 day USD SOFR Average + 3.00%), 6.70%, due 1/25/2042 | &nbsp;&nbsp; 1518084<br> <sup>(a)(c)</sup><br>|
| 1125000 | &nbsp;&nbsp;&nbsp; Series 2022-R04, Class 1M2, (30 day USD SOFR Average + 3.10%), 6.80%, due 3/25/2042 | &nbsp;&nbsp; 1150931<br> <sup>(a)(c)</sup><br>|
| 1225000 | &nbsp;&nbsp;&nbsp; Series 2022-R03, Class 1M2, (30 day USD SOFR Average + 3.50%), 7.20%, due 3/25/2042 | &nbsp;&nbsp; 1259228<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2022-R06, Class 1M2, (30 day USD SOFR Average + 3.85%), 7.55%, due 5/25/2042 | &nbsp;&nbsp; 1033750<br> <sup>(a)(c)</sup><br>|
| 1487000 | &nbsp;&nbsp;&nbsp; Series 2022-R06, Class 1B1, (30 day USD SOFR Average + 6.35%), 10.05%, due 5/25/2042 | &nbsp;&nbsp; 1583454<br> <sup>(a)(c)</sup><br>|
| 1070000 | &nbsp;&nbsp;&nbsp; Series 2022-R07, Class 1M2, (30 day USD SOFR Average + 4.65%), 8.35%, due 6/25/2042 | &nbsp;&nbsp; 1123889<br> <sup>(a)(c)</sup><br>|
| 130000 | &nbsp;&nbsp;&nbsp; Series 2022-R07, Class 1B1, (30 day USD SOFR Average + 6.80%), 10.50%, due 6/25/2042 | &nbsp;&nbsp; 139750<br> <sup>(a)(c)</sup><br>|
| 79000 | &nbsp;&nbsp;&nbsp; Series 2022-R08, Class 1M2, (30 day USD SOFR Average + 3.60%), 7.30%, due 7/25/2042 | &nbsp;&nbsp; 81872<br> <sup>(a)(c)</sup><br>|
| 435000 | &nbsp;&nbsp;&nbsp; Series 2022-R08, Class 1B1, (30 day USD SOFR Average + 5.60%), 9.30%, due 7/25/2042 | &nbsp;&nbsp; 462462<br> <sup>(a)(c)</sup><br>|
| 495149 | &nbsp;&nbsp;&nbsp; Series 2023-R01, Class 1M1, (30 day USD SOFR Average + 2.40%), 6.10%, due 12/25/2042 | &nbsp;&nbsp; 504875<br> <sup>(a)(c)</sup><br>|
| 244000 | &nbsp;&nbsp;&nbsp; Series 2023-R02, Class 1M2, (30 day USD SOFR Average + 3.35%), 7.05%, due 1/25/2043 | &nbsp;&nbsp; 253531<br> <sup>(a)(c)</sup><br>|
| 1400000 | &nbsp;&nbsp;&nbsp; Series 2023-R08, Class 1B1, (30 day USD SOFR Average + 3.55%), 7.25%, due 10/25/2043 | &nbsp;&nbsp; 1462933<br> <sup>(a)(c)</sup><br>|
| 486000 | &nbsp;&nbsp;&nbsp; Series 2024-R02, Class 1M2, (30 day USD SOFR Average + 1.80%), 5.50%, due 2/25/2044 | &nbsp;&nbsp; 488887<br> <sup>(a)(c)</sup><br>|
| 525000 | &nbsp;&nbsp;&nbsp; Series 2024-R03, Class 2B1, (30 day USD SOFR Average + 2.80%), 6.50%, due 3/25/2044 | &nbsp;&nbsp; 540899<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-R01, Class 1M2, (30 day USD SOFR Average + 1.50%), 5.20%, due 1/25/2045 | &nbsp;&nbsp; 1000309<br> <sup>(a)(c)</sup><br>|
| 874000 | &nbsp;&nbsp;&nbsp; Series 2025-R01, Class 1B1, (30 day USD SOFR Average + 1.70%), 5.40%, due 1/25/2045 | &nbsp;&nbsp; 871276<br> <sup>(a)(c)</sup><br>|
| 535000 | &nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1M2, (30 day USD SOFR Average + 1.60%), 5.30%, due 2/25/2045 | &nbsp;&nbsp; 536335<br> <sup>(a)(c)</sup><br>|
| 500000 | &nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1B1, (30 day USD SOFR Average + 1.95%), 5.65%, due 2/25/2045 | &nbsp;&nbsp; 504099<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-R05, Class 2M2, (30 day USD SOFR Average + 1.60%), 5.30%, due 7/25/2045 | &nbsp;&nbsp; 1003785<br> <sup>(a)(c)</sup><br>|
| 2826000 | &nbsp;&nbsp;&nbsp; Series 2025-R06, Class 1M2, (30 day USD SOFR Average + 1.55%), 5.25%, due 9/25/2045 | &nbsp;&nbsp; 2833169<br> <sup>(a)(c)</sup><br>|
|  | Cross Mortgage Trust |  |
| 942050 | &nbsp;&nbsp;&nbsp; Series 2025-H3, Class A1, 5.88%, due 4/25/2070 | &nbsp;&nbsp; 956824<br> <sup>(a)(b)</sup><br>|
| 1322631 | &nbsp;&nbsp;&nbsp; Series 2025-H8, Class A2, 5.26%, due 11/25/2070 | &nbsp;&nbsp; 1329135<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
|  | EFMT |
| $190000 | &nbsp;&nbsp;&nbsp; Series 2024-INV2, Class M1, 5.73%, due 10/25/2069<br> &nbsp;&nbsp; $190428<br> <sup>(a)(b)</sup><br>|
| 1085374 | &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A3, 5.34%, due 11/25/2070<br> &nbsp;&nbsp; 1089157<br> <sup>(a)</sup><br>|
| 575589 | Ellington Financial Mortgage Trust, Series 2022-1, Class A1, 2.21%, due 1/25/2067<br> &nbsp;&nbsp; 516531<br> <sup>(a)(b)</sup><br>|
|  | Federal Home Loan Mortgage Corp. REMIC |
| 2871435 | &nbsp;&nbsp;&nbsp; Series 5438, Class FE, (30 day USD SOFR Average + 1.30%), 5.00%, due 8/25/2054<br> &nbsp;&nbsp; 2899460<br> <sup>(c)</sup><br>|
| 1732536 | &nbsp;&nbsp;&nbsp; Series 5452, Class DF, (30 day USD SOFR Average + 1.25%), 4.95%, due 9/25/2054<br> &nbsp;&nbsp; 1747243<br> <sup>(c)</sup><br>|
| 667100 | &nbsp;&nbsp;&nbsp; Series 5475, Class FA, (30 day USD SOFR Average + 1.10%), 4.80%, due 11/25/2054<br> &nbsp;&nbsp; 670831<br> <sup>(c)</sup><br>|
| 624072 | &nbsp;&nbsp;&nbsp; Series 5474, Class FB, (30 day USD SOFR Average + 1.15%), 4.85%, due 11/25/2054<br> &nbsp;&nbsp; 628094<br> <sup>(c)</sup><br>|
| 1033631 | &nbsp;&nbsp;&nbsp; Series 5473, Class FN, (30 day USD SOFR Average + 1.25%), 4.95%, due 11/25/2054<br> &nbsp;&nbsp; 1042545<br> <sup>(c)</sup><br>|
| 1205883 | &nbsp;&nbsp;&nbsp; Series 5475, Class FB, (30 day USD SOFR Average + 1.35%), 5.05%, due 11/25/2054<br> &nbsp;&nbsp; 1215069<br> <sup>(c)</sup><br>|
| 815320 | &nbsp;&nbsp;&nbsp; Series 5487, Class FA, (30 day USD SOFR Average + 1.40%), 5.10%, due 12/25/2054<br> &nbsp;&nbsp; 824015<br> <sup>(c)</sup><br>|
| 980430 | &nbsp;&nbsp;&nbsp; Series 5500, Class FE, (30 day USD SOFR Average + 1.40%), 5.10%, due 2/25/2055<br> &nbsp;&nbsp; 990280<br> <sup>(c)</sup><br>|
| 3040229 | &nbsp;&nbsp;&nbsp; Series 5599, Class FB, (30 day USD SOFR Average + 1.20%), 4.90%, due 3/25/2055<br> &nbsp;&nbsp; 3058589<br> <sup>(c)</sup><br>|
| 1138239 | &nbsp;&nbsp;&nbsp; Series 5517, Class HF, (30 day USD SOFR Average + 1.35%), 5.05%, due 3/25/2055<br> &nbsp;&nbsp; 1146750<br> <sup>(c)</sup><br>|
| 859088 | &nbsp;&nbsp;&nbsp; Series 5518, Class FD, (30 day USD SOFR Average + 1.70%), 5.40%, due 3/25/2055<br> &nbsp;&nbsp; 870924<br> <sup>(c)</sup><br>|
| 1256059 | &nbsp;&nbsp;&nbsp; Series 5542, Class CF, (30 day USD SOFR Average + 1.55%), 5.25%, due 5/25/2055<br> &nbsp;&nbsp; 1272099<br> <sup>(c)</sup><br>|
| 1377042 | &nbsp;&nbsp;&nbsp; Series 5534, Class AF, (30 day USD SOFR Average + 1.60%), 5.30%, due 5/25/2055<br> &nbsp;&nbsp; 1395106<br> <sup>(c)</sup><br>|
| 2741012 | &nbsp;&nbsp;&nbsp; Series 5622, Class FA, (30 day USD SOFR Average + 1.10%), 4.80%, due 1/25/2056<br> &nbsp;&nbsp; 2752843<br> <sup>(c)</sup><br>|
|  | Federal Home Loan Mortgage Corp. STACR REMIC Trust |
| 429665 | &nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class M2, (30 day USD SOFR Average + 1.50%), 5.20%, due 10/25/2041<br> &nbsp;&nbsp; 431136<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class B1, (30 day USD SOFR Average + 3.40%), 7.10%, due 10/25/2041<br> &nbsp;&nbsp; 1017500<br> <sup>(a)(c)</sup><br>|
| 1511482 | &nbsp;&nbsp;&nbsp; Series 2022-DNA1, Class B1, (30 day USD SOFR Average + 3.40%), 7.10%, due 1/25/2042<br> &nbsp;&nbsp; 1542180<br> <sup>(a)(c)</sup><br>|
| 408000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA2, Class M2, (30 day USD SOFR Average + 3.75%), 7.45%, due 2/25/2042<br> &nbsp;&nbsp; 419795<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA2, Class B1, (30 day USD SOFR Average + 4.75%), 8.45%, due 2/25/2042<br> &nbsp;&nbsp; 1036649<br> <sup>(a)(c)</sup><br>|
| 1549000 | &nbsp;&nbsp;&nbsp; Series 2022-HQA1, Class M2, (30 day USD SOFR Average + 5.25%), 8.95%, due 3/25/2042<br> &nbsp;&nbsp; 1619185<br> <sup>(a)(c)</sup><br>|
| 1147000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA3, Class M2, (30 day USD SOFR Average + 4.35%), 8.05%, due 4/25/2042<br> &nbsp;&nbsp; 1192586<br> <sup>(a)(c)</sup><br>|
| 928000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA4, Class M1B, (30 day USD SOFR Average + 3.35%), 7.05%, due 5/25/2042<br> &nbsp;&nbsp; 955552<br> <sup>(a)(c)</sup><br>|
| 1500000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA4, Class M2, (30 day USD SOFR Average + 5.25%), 8.95%, due 5/25/2042<br> &nbsp;&nbsp; 1581245<br> <sup>(a)(c)</sup><br>|
| 108000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA5, Class M1B, (30 day USD SOFR Average + 4.50%), 8.20%, due 6/25/2042<br> &nbsp;&nbsp; 113162<br> <sup>(a)(c)</sup><br>|
| 333000 | &nbsp;&nbsp;&nbsp; Series 2022-HQA3, Class M1B, (30 day USD SOFR Average + 3.55%), 7.25%, due 8/25/2042<br> &nbsp;&nbsp; 346296<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2022-HQA3, Class M2, (30 day USD SOFR Average + 5.35%), 9.05%, due 8/25/2042<br> &nbsp;&nbsp; 1064240<br> <sup>(a)(c)</sup><br>|
| 1180000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA6, Class M2, (30 day USD SOFR Average + 5.75%), 9.45%, due 9/25/2042<br> &nbsp;&nbsp; 1268825<br> <sup>(a)(c)</sup><br>|
| 860000 | &nbsp;&nbsp;&nbsp; Series 2024-DNA1, Class M2, (30 day USD SOFR Average + 1.95%), 5.65%, due 2/25/2044<br> &nbsp;&nbsp; 869112<br> <sup>(a)(c)</sup><br>|
| 505000 | &nbsp;&nbsp;&nbsp; Series 2024-DNA2, Class M2, (30 day USD SOFR Average + 1.70%), 5.40%, due 5/25/2044<br> &nbsp;&nbsp; 507368<br> <sup>(a)(c)</sup><br>|
| 1850000 | &nbsp;&nbsp;&nbsp; Series 2025-DNA1, Class M2, (30 day USD SOFR Average + 1.35%), 5.05%, due 1/25/2045<br> &nbsp;&nbsp; 1851686<br> <sup>(a)(c)</sup><br>|
| 485000 | &nbsp;&nbsp;&nbsp; Series 2025-HQA1, Class M2, (30 day USD SOFR Average + 1.65%), 5.35%, due 2/25/2045<br> &nbsp;&nbsp; 486060<br> <sup>(a)(c)</sup><br>|
| 1015000 | &nbsp;&nbsp;&nbsp; Series 2025-DNA2, Class M2, (30 day USD SOFR Average + 1.50%), 5.20%, due 5/25/2045<br> &nbsp;&nbsp; 1015346<br> <sup>(a)(c)</sup><br>|
| 863000 | &nbsp;&nbsp;&nbsp; Series 2025-DNA3, Class M2, (30 day USD SOFR Average + 1.50%), 5.20%, due 9/25/2045<br> &nbsp;&nbsp; 863301<br> <sup>(a)(c)</sup><br>|
| 619000 | &nbsp;&nbsp;&nbsp; Series 2025-DNA4, Class M2, (30 day USD SOFR Average + 1.55%), 5.25%, due 10/25/2045<br> &nbsp;&nbsp; 620571<br> <sup>(a)(c)</sup><br>|
|  | Federal National Mortgage Association Connecticut Avenue Securities Trust |
| 83525 | &nbsp;&nbsp;&nbsp; Series 2016-C01, Class 2M2, (30 day USD SOFR Average + 7.06%), 10.76%, due 8/25/2028<br> &nbsp;&nbsp; 83923<br> <sup>(c)</sup><br>|
| 367367 | &nbsp;&nbsp;&nbsp; Series 2018-C02, Class 2M2, (30 day USD SOFR Average + 2.31%), 6.01%, due 8/25/2030<br> &nbsp;&nbsp; 372371<br> <sup>(c)</sup><br>|
|  | Federal National Mortgage Association REMIC |
| 856949 | &nbsp;&nbsp;&nbsp; Series 2024-40, Class FA, (30 day USD SOFR Average + 1.15%), 4.85%, due 3/25/2054<br> &nbsp;&nbsp; 862583<br> <sup>(c)</sup><br>|
| 3874886 | &nbsp;&nbsp;&nbsp; Series 2025-33, Class FE, (30 day USD SOFR Average + 1.45%), 5.15%, due 8/25/2054<br> &nbsp;&nbsp; 3921857<br> <sup>(c)</sup><br>|
| 1372566 | &nbsp;&nbsp;&nbsp; Series 2025-7, Class FD, (30 day USD SOFR Average + 1.00%), 4.70%, due 9/25/2054<br> &nbsp;&nbsp; 1377671<br> <sup>(c)</sup><br>|
| 2613621 | &nbsp;&nbsp;&nbsp; Series 2024-102, Class FC, (30 day USD SOFR Average + 1.45%), 5.15%, due 1/25/2055<br> &nbsp;&nbsp; 2645783<br> <sup>(c)</sup><br>|
| 857811 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class AF, (30 day USD SOFR Average + 1.85%), 5.55%, due 2/25/2055<br> &nbsp;&nbsp; 871794<br> <sup>(c)</sup><br>|
| 1348971 | &nbsp;&nbsp;&nbsp; Series 2025-6, Class FB, (30 day USD SOFR Average + 2.00%), 5.70%, due 2/25/2055<br> &nbsp;&nbsp; 1374149<br> <sup>(c)</sup><br>|
| 1008970 | &nbsp;&nbsp;&nbsp; Series 2025-35, Class HF, (30 day USD SOFR Average + 1.70%), 5.40%, due 5/25/2055<br> &nbsp;&nbsp; 1022499<br> <sup>(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
| $3397400 | &nbsp;&nbsp;&nbsp; Series 2025-86, Class FA, (30 day USD SOFR Average + 1.20%), 4.90%, due 10/25/2055<br> &nbsp;&nbsp; $3427711<br> <sup>(c)</sup><br>|
|  | GCAT Trust |
| 309963 | &nbsp;&nbsp;&nbsp; Series 2021-NQM5, Class A1, 1.26%, due 7/25/2066<br> &nbsp;&nbsp; 265303<br> <sup>(a)(b)</sup><br>|
| 186551 | &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A3, 6.01%, due 4/25/2070<br> &nbsp;&nbsp; 189031<br> <sup>(a)</sup><br>|
| 116000 | &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class M1, 6.33%, due 4/25/2070<br> &nbsp;&nbsp; 117840<br> <sup>(a)(b)</sup><br>|
|  | Government National Mortgage Association REMIC |
| 929190 | &nbsp;&nbsp;&nbsp; Series 2024-184, Class FN, (30 day USD SOFR Average + 1.20%), 4.90%, due 11/20/2054<br> &nbsp;&nbsp; 937814<br> <sup>(c)</sup><br>|
| 898171 | &nbsp;&nbsp;&nbsp; Series 2024-187, Class FB, (30 day USD SOFR Average + 1.20%), 4.90%, due 11/20/2054<br> &nbsp;&nbsp; 906090<br> <sup>(c)</sup><br>|
| 772224 | &nbsp;&nbsp;&nbsp; Series 2025-4, Class FY, (30 day USD SOFR Average + 1.60%), 5.30%, due 1/20/2055<br> &nbsp;&nbsp; 782235<br> <sup>(c)</sup><br>|
| 4429472 | &nbsp;&nbsp;&nbsp; Series 2025-51, Class FB, (30 day USD SOFR Average + 1.15%), 4.85%, due 3/20/2055<br> &nbsp;&nbsp; 4464224<br> <sup>(c)</sup><br>|
| 4958730 | &nbsp;&nbsp;&nbsp; Series 2025-178, Class FM, (30 day USD SOFR Average + 1.26%), 4.96%, due 10/20/2055<br> &nbsp;&nbsp; 5001588<br> <sup>(c)</sup><br>|
| 3243605 | &nbsp;&nbsp;&nbsp; Series 2025-196, Class JF, (30 day USD SOFR Average + 1.25%), 4.95%, due 11/20/2055<br> &nbsp;&nbsp; 3267675<br> <sup>(c)</sup><br>|
| 3745690 | &nbsp;&nbsp;&nbsp; Series 2025-211, Class FD, (30 day USD SOFR Average + 1.10%), 4.80%, due 12/20/2055<br> &nbsp;&nbsp; 3762146<br> <sup>(c)</sup><br>|
| 767296 | GS Mortgage-Backed Securities Trust, Series 2025-PJ8, Class A5, 5.50%, due 2/25/2056<br> &nbsp;&nbsp; 771217<br> <sup>(a)(b)</sup><br>|
| 956145 | HOMES Trust, Series 2025-NQM4, Class A1, 5.22%, due 8/25/2070<br> &nbsp;&nbsp; 963634<br> <sup>(a)</sup><br>|
|  | JP Morgan Mortgage Trust |
| 69646 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A6A, 6.00%, due 10/25/2054<br> &nbsp;&nbsp; 69516<br> <sup>(a)(b)</sup><br>|
| 261187 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A4, 6.00%, due 7/25/2055<br> &nbsp;&nbsp; 264809<br> <sup>(a)(b)</sup><br>|
| 108729 | &nbsp;&nbsp;&nbsp; Series 2024-NQM1, Class A1, 5.59%, due 2/25/2064<br> &nbsp;&nbsp; 109866<br> <sup>(a)</sup><br>|
| 159699 | &nbsp;&nbsp;&nbsp; Series 2024-NQM1, Class A3, 5.95%, due 2/25/2064<br> &nbsp;&nbsp; 161142<br> <sup>(a)</sup><br>|
| 193000 | &nbsp;&nbsp;&nbsp; Series 2024-NQM1, Class M1A, 6.41%, due 2/25/2064<br> &nbsp;&nbsp; 196201<br> <sup>(a)(b)</sup><br>|
| 1688628 | &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 4.88%, due 5/25/2065<br> &nbsp;&nbsp; 1694802<br> <sup>(a)(b)</sup><br>|
| 222848 | &nbsp;&nbsp;&nbsp; Series 2025-NQM3, Class A2, 5.65%, due 11/25/2065<br> &nbsp;&nbsp; 224809<br> <sup>(a)</sup><br>|
| 230000 | &nbsp;&nbsp;&nbsp; Series 2025-NQM3, Class M1A, 5.97%, due 11/25/2065<br> &nbsp;&nbsp; 232988<br> <sup>(a)(b)</sup><br>|
|  | LHOME Mortgage Trust |
| 354000 | &nbsp;&nbsp;&nbsp; Series 2024-RTL4, Class A1, 5.92%, due 7/25/2039<br> &nbsp;&nbsp; 355836<br> <sup>(a)</sup><br>|
| 1900000 | &nbsp;&nbsp;&nbsp; Series 2026-RTL1, Class A1, 4.91%, due 1/25/2041<br> &nbsp;&nbsp; 1899982<br> <sup>(a)(d)</sup><br>|
| 1656114 | MFA Trust, Series 2025-NQM5, Class A1, 5.19%, due 11/25/2070<br> &nbsp;&nbsp; 1666249<br> <sup>(a)(b)</sup><br>|
|  | Morgan Stanley Residential Mortgage Loan Trust |
| 444116 | &nbsp;&nbsp;&nbsp; Series 2024-NQM3, Class A3, 5.40%, due 7/25/2069<br> &nbsp;&nbsp; 444958<br> <sup>(a)</sup><br>|
| 299472 | &nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, 5.65%, due 10/25/2069<br> &nbsp;&nbsp; 302594<br> <sup>(a)(b)</sup><br>|
| 148254 | &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A3, 6.10%, due 1/25/2070<br> &nbsp;&nbsp; 150147<br> <sup>(a)</sup><br>|
| 794198 | &nbsp;&nbsp;&nbsp; Series 2025-NQM6, Class A3, 5.71%, due 7/25/2070<br> &nbsp;&nbsp; 802093<br> <sup>(a)</sup><br>|
| 1085768 | &nbsp;&nbsp;&nbsp; Series 2025-NQM10, Class A1, 5.12%, due 11/25/2070<br> &nbsp;&nbsp; 1093320<br> <sup>(a)(b)</sup><br>|
| 331268 | &nbsp;&nbsp;&nbsp; Series 2025-NQM10, Class A3, 5.42%, due 11/25/2070<br> &nbsp;&nbsp; 333261<br> <sup>(a)</sup><br>|
| 1430000 | &nbsp;&nbsp;&nbsp; Series 2026-DSC1, Class A3, 5.17%, due 1/25/2071<br> &nbsp;&nbsp; 1430939<br> <sup>(a)</sup><br>|
|  | New Residential Mortgage Loan Trust |
| 219000 | &nbsp;&nbsp;&nbsp; Series 2024-RTL2, Class A1, 5.44%, due 9/25/2039<br> &nbsp;&nbsp; 220833<br> <sup>(a)</sup><br>|
| 153596 | &nbsp;&nbsp;&nbsp; Series 2019-NQM5, Class A1, 2.71%, due 11/25/2059<br> &nbsp;&nbsp; 147343<br> <sup>(a)(b)</sup><br>|
| 677523 | &nbsp;&nbsp;&nbsp; Series 2025-NQM4, Class A1, 5.35%, due 7/25/2065<br> &nbsp;&nbsp; 684646<br> <sup>(a)(b)</sup><br>|
| 500000 | &nbsp;&nbsp;&nbsp; Series 2025-NQM6, Class M1, 5.81%, due 10/25/2065<br> &nbsp;&nbsp; 501908<br> <sup>(a)(b)</sup><br>|
| 866639 | &nbsp;&nbsp;&nbsp; Series 2025-NQM7, Class A1, 5.01%, due 10/26/2065<br> &nbsp;&nbsp; 869441<br> <sup>(a)(b)</sup><br>|
| 393000 | &nbsp;&nbsp;&nbsp; Series 2026-NQM1, Class A1, 4.82%, due 11/25/2065<br> &nbsp;&nbsp; 393325<br> <sup>(a)(b)</sup><br>|
| 393000 | &nbsp;&nbsp;&nbsp; Series 2026-NQM1, Class A3, 5.18%, due 11/25/2065<br> &nbsp;&nbsp; 393322<br> <sup>(a)</sup><br>|
| 223724 | NRM FHT1 Excess Owner LLC, Series 2025-FHT1, Class A, 6.55%, due 3/25/2032<br> &nbsp;&nbsp; 226663<br> <sup>(a)</sup><br>|
| 362590 | NYMT Loan Trust, Series 2024-INV1, Class A3, 5.83%, due 6/25/2069<br> &nbsp;&nbsp; 366428<br> <sup>(a)</sup><br>|
|  | OBX Trust |
| 151250 | &nbsp;&nbsp;&nbsp; Series 2025-NQM7, Class A2, 5.76%, due 5/25/2055<br> &nbsp;&nbsp; 152887<br> <sup>(a)</sup><br>|
| 168581 | &nbsp;&nbsp;&nbsp; Series 2025-NQM7, Class A3, 5.86%, due 5/25/2055<br> &nbsp;&nbsp; 170450<br> <sup>(a)</sup><br>|
| 202116 | &nbsp;&nbsp;&nbsp; Series 2024-NQM14, Class A1, 4.94%, due 9/25/2064<br> &nbsp;&nbsp; 202768<br> <sup>(a)</sup><br>|
| 190000 | &nbsp;&nbsp;&nbsp; Series 2024-NQM14, Class M1, 5.58%, due 9/25/2064<br> &nbsp;&nbsp; 190183<br> <sup>(a)(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
| $| 385000 | &nbsp;&nbsp;&nbsp; Series 2025-NQM10, Class M1, 6.04%, due 5/25/2065 | &nbsp;&nbsp; $389351<br> <sup>(a)(b)</sup><br>|
|  | 928204 | &nbsp;&nbsp;&nbsp; Series 2025-NQM16, Class A3, 5.21%, due 8/25/2065 | &nbsp;&nbsp; 929483<br> <sup>(a)</sup><br>|
|  | 625876 | &nbsp;&nbsp;&nbsp; Series 2025-NQM17, Class A3, 5.24%, due 8/25/2065 | &nbsp;&nbsp; 627780<br> <sup>(a)</sup><br>|
|  | 1319932 | &nbsp;&nbsp;&nbsp; Series 2025-NQM20, Class A2, 5.22%, due 10/25/2065 | &nbsp;&nbsp; 1326615<br> <sup>(a)</sup><br>|
|  | 1790509 | &nbsp;&nbsp;&nbsp; Series 2026-NQM1, Class A3, 5.17%, due 11/25/2065 | &nbsp;&nbsp; 1794566<br> <sup>(a)</sup><br>|
|  | 1235000 | &nbsp;&nbsp;&nbsp; Series 2026-NQM2, Class A3, 5.14%, due 12/1/2065 | &nbsp;&nbsp; 1236138<br> <sup>(a)</sup><br>|
|  |  | PRKCM Trust |  |
|  | 1415919 | &nbsp;&nbsp;&nbsp; Series 2025-AFC1, Class A1, 5.10%, due 10/25/2060 | &nbsp;&nbsp; 1423376<br> <sup>(a)(b)</sup><br>|
|  | 1565041 | &nbsp;&nbsp;&nbsp; Series 2025-AFC2, Class A1, 5.02%, due 12/25/2060 | &nbsp;&nbsp; 1570408<br> <sup>(a)(b)</sup><br>|
|  | 890456 | Provident Funding Mortgage Trust, Series 2025-4, Class A4, 5.50%, due 9/25/2055 | &nbsp;&nbsp; 896641<br> <sup>(a)(b)</sup><br>|
|  |  | Sequoia Mortgage Trust |  |
|  | 31361 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class A10, 6.00%, due 3/25/2054 | &nbsp;&nbsp; 31395<br> <sup>(a)(b)</sup><br>|
|  | 115059 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A10, 6.00%, due 5/25/2054 | &nbsp;&nbsp; 115325<br> <sup>(a)(b)</sup><br>|
|  | 338316 | SG Residential Mortgage Trust, Series 2021-2, Class A1, 1.74%, due 12/25/2061 | &nbsp;&nbsp; 293326<br> <sup>(a)(b)</sup><br>|
|  | 614495 | Towd Point Mortgage Trust, Series 2022-4, Class A1, 3.75%, due 9/25/2062 | &nbsp;&nbsp; 591574<br> <sup>(a)</sup><br>|
|  |  | Verus Securitization Trust |  |
|  | 249650 | &nbsp;&nbsp;&nbsp; Series 2021-3, Class A3, 1.44%, due 6/25/2066 | &nbsp;&nbsp; 221313<br> <sup>(a)(b)</sup><br>|
|  | 274672 | &nbsp;&nbsp;&nbsp; Series 2021-6, Class A3, 1.89%, due 10/25/2066 | &nbsp;&nbsp; 244814<br> <sup>(a)(b)</sup><br>|
|  | 1328653 | &nbsp;&nbsp;&nbsp; Series 2025-R2, Class A1, 5.09%, due 7/25/2067 | &nbsp;&nbsp; 1338759<br> <sup>(a)(b)</sup><br>|
|  | 899000 | &nbsp;&nbsp;&nbsp; Series 2026-R1, Class A3, 5.19%, due 10/25/2067 | &nbsp;&nbsp; 899892<br> <sup>(a)</sup><br>|
|  | 230000 | &nbsp;&nbsp;&nbsp; Series 2026-R1, Class M1, 5.69%, due 10/25/2067 | &nbsp;&nbsp; 230263<br> <sup>(a)(b)</sup><br>|
|  | 190000 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class M1, 6.70%, due 6/25/2069 | &nbsp;&nbsp; 192727<br> <sup>(a)(b)</sup><br>|
|  | 158028 | &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, 5.10%, due 9/25/2069 | &nbsp;&nbsp; 158723<br> <sup>(a)(b)</sup><br>|
|  | 466917 | &nbsp;&nbsp;&nbsp; Series 2024-7, Class A3, 5.40%, due 9/25/2069 | &nbsp;&nbsp; 468432<br> <sup>(a)</sup><br>|
|  | 594840 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A2, 5.78%, due 5/25/2070 | &nbsp;&nbsp; 601398<br> <sup>(a)</sup><br>|
|  | 569347 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A3, 5.93%, due 5/25/2070 | &nbsp;&nbsp; 575760<br> <sup>(a)</sup><br>|
|  | 457229 | &nbsp;&nbsp;&nbsp; Series 2025-6, Class A3, 5.72%, due 7/25/2070 | &nbsp;&nbsp; 461488<br> <sup>(a)</sup><br>|
|  | 722334 | &nbsp;&nbsp;&nbsp; Series 2025-11, Class A1, 4.91%, due 11/25/2070 | &nbsp;&nbsp; 724773<br> <sup>(a)(b)</sup><br>|
|  | 722334 | &nbsp;&nbsp;&nbsp; Series 2025-11, Class A3, 5.27%, due 11/25/2070 | &nbsp;&nbsp; 724676<br> <sup>(a)</sup><br>|
|  | 231000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class A1, 4.86%, due 1/25/2071 | &nbsp;&nbsp; 231980<br> <sup>(a)(b)</sup><br>|
|  | 596000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class A3, 5.22%, due 1/25/2071 | &nbsp;&nbsp; 597502<br> <sup>(a)</sup><br>|
|  | 361000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class M1, 5.67%, due 1/25/2071 | &nbsp;&nbsp; 361877<br> <sup>(a)(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **143239421** |
| **Commercial Mortgage-Backed 7.5%** | **Commercial Mortgage-Backed 7.5%** | **Commercial Mortgage-Backed 7.5%** | **Commercial Mortgage-Backed 7.5%** |
|  | 230000 | 1211 Avenue of the Americas Trust, Series 2015-1211, Class A1A2, 3.90%, due 8/10/2035 | &nbsp;&nbsp; 223100<br> <sup>(a)</sup><br>|
|  |  | 1301 Trust |  |
|  | 328000 | &nbsp;&nbsp;&nbsp; Series 2025-1301, Class B, 5.30%, due 8/11/2042 | &nbsp;&nbsp; 332875<br> <sup>(a)(b)</sup><br>|
|  | 405000 | &nbsp;&nbsp;&nbsp; Series 2025-1301, Class C, 5.64%, due 8/11/2042 | &nbsp;&nbsp; 411287<br> <sup>(a)(b)</sup><br>|
|  | 354000 | &nbsp;&nbsp;&nbsp; Series 2025-1301, Class D, 6.22%, due 8/11/2042 | &nbsp;&nbsp; 362193<br> <sup>(a)(b)</sup><br>|
|  | 397000 | ALA Trust, Series 2025-OANA, Class D, (1 mo. USD Term SOFR + 3.09%), 6.77%, due 6/15/2040 | &nbsp;&nbsp; 399976<br> <sup>(a)(c)</sup><br>|
|  | 470000 | Aventura Mall Trust, Series 2018-AVM, Class D, 4.11%, due 7/5/2040 | &nbsp;&nbsp; 457678<br> <sup>(a)(b)</sup><br>|
|  | 615000 | BAHA Trust, Series 2024-MAR, Class A, 6.17%, due 12/10/2041 | &nbsp;&nbsp; 638103<br> <sup>(a)(b)</sup><br>|
|  | 100000 | BAMLL Trust, Series 2024-BHP, Class B, (1 mo. USD Term SOFR + 2.90%), 6.58%, due 8/15/2039 | &nbsp;&nbsp; 100633<br> <sup>(a)(c)</sup><br>|
|  |  | BANK5 |  |
|  | 200000 | &nbsp;&nbsp;&nbsp; Series 2024-5YR5, Class C, 7.01%, due 2/15/2029 | &nbsp;&nbsp; 204775<br> <sup>(b)</sup><br>|
|  | 110000 | &nbsp;&nbsp;&nbsp; Series 2023-5YR2, Class C, 7.16%, due 7/15/2056 | &nbsp;&nbsp; 113231<br> <sup>(b)</sup><br>|
|  | 275000 | &nbsp;&nbsp;&nbsp; Series 2024-5YR7, Class D, 4.00%, due 6/15/2057 | &nbsp;&nbsp; 245702<br> <sup>(a)</sup><br>|
|  | 127000 | &nbsp;&nbsp;&nbsp; Series 2024-5YR7, Class C, 7.10%, due 6/15/2057 | &nbsp;&nbsp; 132580<br> <sup>(b)</sup><br>|
|  | 163000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class D, 4.50%, due 11/15/2058 | &nbsp;&nbsp; 145379<br> <sup>(a)</sup><br>|
|  | 197000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class C, 5.89%, due 11/15/2058 | &nbsp;&nbsp; 200708<br> <sup>(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
| $278000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class B, 5.99%, due 11/15/2058 | &nbsp;&nbsp; $288624<br> <sup>(b)</sup><br>|
|  | BBCMS Mortgage Trust |  |
| 390000 | &nbsp;&nbsp;&nbsp; Series 2018-TALL, Class A, (1 mo. USD Term SOFR + 0.92%), 4.60%, due 3/15/2037 | &nbsp;&nbsp; 372469<br> <sup>(a)(c)</sup><br>|
| 470000 | &nbsp;&nbsp;&nbsp; Series 2018-TALL, Class D, (1 mo. USD Term SOFR + 1.65%), 5.33%, due 3/15/2037 | &nbsp;&nbsp; 418353<br> <sup>(a)(c)</sup><br>|
| 4232068 | &nbsp;&nbsp;&nbsp; Series 2021-C11, Class XA, 1.33%, due 9/15/2054 | &nbsp;&nbsp; 212593<br> <sup>(b)(e)</sup><br>|
| 1868536 | &nbsp;&nbsp;&nbsp; Series 2022-C17, Class XA, 1.15%, due 9/15/2055 | &nbsp;&nbsp; 114049<br> <sup>(b)(e)</sup><br>|
| 750000 | &nbsp;&nbsp;&nbsp; Series 2024-C26, Class A5, 5.83%, due 5/15/2057 | &nbsp;&nbsp; 802905 |
| 635000 | &nbsp;&nbsp;&nbsp; Series 2024-5C27, Class A3, 6.01%, due 7/15/2057 | &nbsp;&nbsp; 666969 |
|  | Benchmark Mortgage Trust |  |
| 77961 | &nbsp;&nbsp;&nbsp; Series 2019-B12, Class A2, 3.00%, due 8/15/2052 | &nbsp;&nbsp; 75680 |
| 325000 | &nbsp;&nbsp;&nbsp; Series 2019-B12, Class AS, 3.42%, due 8/15/2052 | &nbsp;&nbsp; 306738 |
| 7312035 | &nbsp;&nbsp;&nbsp; Series 2021-B30, Class XA, 0.79%, due 11/15/2054 | &nbsp;&nbsp; 265310<br> <sup>(b)(e)</sup><br>|
| 231000 | &nbsp;&nbsp;&nbsp; Series 2023-V2, Class C, 6.77%, due 5/15/2055 | &nbsp;&nbsp; 235662<br> <sup>(b)</sup><br>|
| 509000 | &nbsp;&nbsp;&nbsp; Series 2023-V3, Class C, 7.17%, due 7/15/2056 | &nbsp;&nbsp; 516279<br> <sup>(b)</sup><br>|
| 88000 | &nbsp;&nbsp;&nbsp; Series 2023-B40, Class C, 7.41%, due 12/15/2056 | &nbsp;&nbsp; 90653<br> <sup>(b)</sup><br>|
| 529000 | &nbsp;&nbsp;&nbsp; Series 2024-V5, Class C, 6.97%, due 1/10/2057 | &nbsp;&nbsp; 549181<br> <sup>(b)</sup><br>|
| 228000 | &nbsp;&nbsp;&nbsp; Series 2024-V8, Class B, 6.95%, due 7/15/2057 | &nbsp;&nbsp; 242507<br> <sup>(b)</sup><br>|
| 1204000 | &nbsp;&nbsp;&nbsp; Series 2026-V20, Class C, 5.44%, due 2/15/2059 | &nbsp;&nbsp; 1204517<br> <sup>(d)</sup><br>|
|  | BFLD Commercial Mortgage Trust |  |
| 1470000 | &nbsp;&nbsp;&nbsp; Series 2025-5MW, Class D, 6.37%, due 10/10/2042 | &nbsp;&nbsp; 1516509<br> <sup>(a)(b)</sup><br>|
| 925000 | &nbsp;&nbsp;&nbsp; Series 2025-660F, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 11/15/2042 | &nbsp;&nbsp; 931068<br> <sup>(a)(c)</sup><br>|
|  | BLP Commercial Mortgage Trust |  |
| 248704 | &nbsp;&nbsp;&nbsp; Series 2025-IND, Class A, (1 mo. USD Term SOFR + 1.20%), 4.88%, due 3/15/2042 | &nbsp;&nbsp; 248609<br> <sup>(a)(c)</sup><br>|
| 325889 | &nbsp;&nbsp;&nbsp; Series 2025-IND, Class D, (1 mo. USD Term SOFR + 2.25%), 5.93%, due 3/15/2042 | &nbsp;&nbsp; 325889<br> <sup>(a)(c)</sup><br>|
| 650000 | &nbsp;&nbsp;&nbsp; Series 2025-IND2, Class D, (1 mo. USD Term SOFR + 2.65%), 6.33%, due 12/15/2042 | &nbsp;&nbsp; 651625<br> <sup>(a)(c)</sup><br>|
|  | BMO Mortgage Trust |  |
| 550000 | &nbsp;&nbsp;&nbsp; Series 2023-5C2, Class A3, 7.05%, due 11/15/2056 | &nbsp;&nbsp; 586797<br> <sup>(b)</sup><br>|
| 199000 | &nbsp;&nbsp;&nbsp; Series 2024-C8, Class C, 6.23%, due 3/15/2057 | &nbsp;&nbsp; 200152<br> <sup>(b)</sup><br>|
| 434000 | &nbsp;&nbsp;&nbsp; Series 2025-5C10, Class C, 6.49%, due 5/15/2058 | &nbsp;&nbsp; 443246<br> <sup>(b)</sup><br>|
| 244008 | BWAY Mortgage Trust, Series 2013-1515, Class A2, 3.45%, due 3/10/2033 | &nbsp;&nbsp; 235548<br> <sup>(a)</sup><br>|
|  | BX Commercial Mortgage Trust |  |
| 316460 | &nbsp;&nbsp;&nbsp; Series 2024-XL4, Class A, (1 mo. USD Term SOFR + 1.44%), 5.12%, due 2/15/2039 | &nbsp;&nbsp; 316658<br> <sup>(a)(c)</sup><br>|
| 88545 | &nbsp;&nbsp;&nbsp; Series 2024-MF, Class C, (1 mo. USD Term SOFR + 1.94%), 5.62%, due 2/15/2039 | &nbsp;&nbsp; 88767<br> <sup>(a)(c)</sup><br>|
| 171687 | &nbsp;&nbsp;&nbsp; Series 2024-XL4, Class C, (1 mo. USD Term SOFR + 2.19%), 5.87%, due 2/15/2039 | &nbsp;&nbsp; 171847<br> <sup>(a)(c)</sup><br>|
| 190373 | &nbsp;&nbsp;&nbsp; Series 2024-MF, Class D, (1 mo. USD Term SOFR + 2.69%), 6.37%, due 2/15/2039 | &nbsp;&nbsp; 191087<br> <sup>(a)(c)</sup><br>|
| 426300 | &nbsp;&nbsp;&nbsp; Series 2024-XL5, Class D, (1 mo. USD Term SOFR + 2.69%), 6.37%, due 3/15/2041 | &nbsp;&nbsp; 426966<br> <sup>(a)(c)</sup><br>|
| 1078339 | &nbsp;&nbsp;&nbsp; Series 2024-GPA2, Class C, (1 mo. USD Term SOFR + 2.19%), 5.87%, due 11/15/2041 | &nbsp;&nbsp; 1081709<br> <sup>(a)(c)</sup><br>|
| 712567 | &nbsp;&nbsp;&nbsp; Series 2025-JDI, Class C, (1 mo. USD Term SOFR + 1.75%), 5.43%, due 11/15/2042 | &nbsp;&nbsp; 714349<br> <sup>(a)(c)</sup><br>|
|  | BX Trust |  |
| 392779 | &nbsp;&nbsp;&nbsp; Series 2025-ROIC, Class D, (1 mo. USD Term SOFR + 1.99%), 5.67%, due 3/15/2030 | &nbsp;&nbsp; 391306<br> <sup>(a)(c)</sup><br>|
| 336646 | &nbsp;&nbsp;&nbsp; Series 2025-LUNR, Class D, (1 mo. USD Term SOFR + 2.50%), 6.18%, due 6/15/2040 | &nbsp;&nbsp; 337908<br> <sup>(a)(c)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; Series 2024-BIO, Class B, (1 mo. USD Term SOFR + 1.94%), 5.62%, due 2/15/2041 | &nbsp;&nbsp; 200000<br> <sup>(a)(c)</sup><br>|
| 336000 | &nbsp;&nbsp;&nbsp; Series 2024-BIO, Class C, (1 mo. USD Term SOFR + 2.64%), 6.32%, due 2/15/2041 | &nbsp;&nbsp; 333165<br> <sup>(a)(c)</sup><br>|
| 290000 | &nbsp;&nbsp;&nbsp; Series 2024-VLT4, Class B, (1 mo. USD Term SOFR + 1.94%), 5.62%, due 6/15/2041 | &nbsp;&nbsp; 290181<br> <sup>(a)(c)</sup><br>|
| 244000 | &nbsp;&nbsp;&nbsp; Series 2024-VLT4, Class E, (1 mo. USD Term SOFR + 2.89%), 6.57%, due 6/15/2041 | &nbsp;&nbsp; 243999<br> <sup>(a)(c)</sup><br>|
| 175000 | &nbsp;&nbsp;&nbsp; Series 2019-OC11, Class C, 3.86%, due 12/9/2041 | &nbsp;&nbsp; 167909<br> <sup>(a)</sup><br>|
| 196000 | &nbsp;&nbsp;&nbsp; Series 2019-OC11, Class E, 3.94%, due 12/9/2041 | &nbsp;&nbsp; 181656<br> <sup>(a)(b)</sup><br>|
| 288000 | &nbsp;&nbsp;&nbsp; Series 2019-OC11, Class D, 3.94%, due 12/9/2041 | &nbsp;&nbsp; 275402<br> <sup>(a)(b)</sup><br>|
| 349000 | &nbsp;&nbsp;&nbsp; Series 2025-GW, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 7/15/2042 | &nbsp;&nbsp; 351203<br> <sup>(a)(c)</sup><br>|
| 957000 | &nbsp;&nbsp;&nbsp; Series 2025-ARIA, Class C, 5.52%, due 12/13/2042 | &nbsp;&nbsp; 972224<br> <sup>(a)(b)</sup><br>|
| 922000 | &nbsp;&nbsp;&nbsp; Series 2025-DELC, Class E, (1 mo. USD Term SOFR + 3.05%), 6.73%, due 12/15/2042 | &nbsp;&nbsp; 928915<br> <sup>(a)(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
| $470000 | &nbsp;&nbsp;&nbsp; Series 2025-VLT7, Class D, (1 mo. USD Term SOFR + 3.25%), 6.93%, due 7/15/2044 | &nbsp;&nbsp; $472642<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp;&nbsp; Series 2025-VOLT, Class C, (1 mo. USD Term SOFR + 2.35%), 6.03%, due 12/15/2044 | &nbsp;&nbsp; 1005313<br> <sup>(a)(c)</sup><br>|
| 910000 | &nbsp;&nbsp;&nbsp; Series 2025-VOLT, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 12/15/2044 | &nbsp;&nbsp; 913413<br> <sup>(a)(c)</sup><br>|
| 1100000 | BXP Trust, Series 2017-GM, Class D, 3.42%, due 6/13/2039 | &nbsp;&nbsp; 1070285<br> <sup>(a)(b)</sup><br>|
|  | CHI Commercial Mortgage Trust |  |
| 313000 | &nbsp;&nbsp;&nbsp; Series 2025-110W, Class D, 6.63%, due 12/13/2040 | &nbsp;&nbsp; 317139<br> <sup>(a)(b)</sup><br>|
| 785000 | &nbsp;&nbsp;&nbsp; Series 2025-SFT, Class B, 6.07%, due 4/15/2042 | &nbsp;&nbsp; 803339<br> <sup>(a)(b)</sup><br>|
| 741000 | &nbsp;&nbsp;&nbsp; Series 2025-SFT, Class D, 7.57%, due 4/15/2042 | &nbsp;&nbsp; 771089<br> <sup>(a)(b)</sup><br>|
|  | Citigroup Commercial Mortgage Trust |  |
| 400000 | &nbsp;&nbsp;&nbsp; Series 2023-PRM3, Class C, 6.36%, due 7/10/2028 | &nbsp;&nbsp; 410317<br> <sup>(a)(b)</sup><br>|
| 170000 | &nbsp;&nbsp;&nbsp; Series 2023-SMRT, Class C, 5.85%, due 10/12/2040 | &nbsp;&nbsp; 172350<br> <sup>(a)(b)</sup><br>|
| 15994 | &nbsp;&nbsp;&nbsp; Series 2016-P4, Class AAB, 2.78%, due 7/10/2049 | &nbsp;&nbsp; 15977 |
|  | COMM Mortgage Trust |  |
| 170000 | &nbsp;&nbsp;&nbsp; Series 2018-HOME, Class A, 3.82%, due 4/10/2033 | &nbsp;&nbsp; 167506<br> <sup>(a)(b)</sup><br>|
| 501000 | &nbsp;&nbsp;&nbsp; Series 2024-CBM, Class D, 7.93%, due 12/10/2041 | &nbsp;&nbsp; 518732<br> <sup>(a)(b)</sup><br>|
| 885000 | &nbsp;&nbsp;&nbsp; Series 2024-277P, Class B, 7.00%, due 8/10/2044 | &nbsp;&nbsp; 939944<br> <sup>(a)(b)</sup><br>|
|  | CONE Trust |  |
| 87000 | &nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class A, (1 mo. USD Term SOFR + 1.64%), 5.32%, due 8/15/2041 | &nbsp;&nbsp; 87000<br> <sup>(a)(c)</sup><br>|
| 94000 | &nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class D, (1 mo. USD Term SOFR + 3.04%), 6.72%, due 8/15/2041 | &nbsp;&nbsp; 93905<br> <sup>(a)(c)</sup><br>|
| 325000 | DC Office Trust, Series 2019-MTC, Class D, 3.07%, due 9/15/2045 | &nbsp;&nbsp; 280447<br> <sup>(a)(b)</sup><br>|
|  | ELM Trust |  |
| 200000 | &nbsp;&nbsp;&nbsp; Series 2024-ELM, Class D10, 6.85%, due 6/10/2039 | &nbsp;&nbsp; 200528<br> <sup>(a)(b)</sup><br>|
| 215000 | &nbsp;&nbsp;&nbsp; Series 2024-ELM, Class D15, 6.90%, due 6/10/2039 | &nbsp;&nbsp; 215535<br> <sup>(a)(b)</sup><br>|
|  | EQUS Mortgage Trust |  |
| 906114 | &nbsp;&nbsp;&nbsp; Series 2021-EQAZ, Class A, (1 mo. USD Term SOFR + 1.02%), 4.70%, due 10/15/2038 | &nbsp;&nbsp; 906114<br> <sup>(a)(c)</sup><br>|
| 79510 | &nbsp;&nbsp;&nbsp; Series 2021-EQAZ, Class C, (1 mo. USD Term SOFR + 1.61%), 5.30%, due 10/15/2038 | &nbsp;&nbsp; 79510<br> <sup>(a)(c)</sup><br>|
|  | Fashion Show Mall LLC |  |
| 578000 | &nbsp;&nbsp;&nbsp; Series 2024-SHOW, Class B, 5.83%, due 10/10/2041 | &nbsp;&nbsp; 590662<br> <sup>(a)(b)</sup><br>|
| 610000 | &nbsp;&nbsp;&nbsp; Series 2024-SHOW, Class C, 6.28%, due 10/10/2041 | &nbsp;&nbsp; 613029<br> <sup>(a)(b)</sup><br>|
| 1535000 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multiclass Certificates, Series 2020-RR02, Class CX, 1.27%, <br> due 3/27/2029<br>| &nbsp;&nbsp; 50434<br> <sup>(b)(e)</sup><br>|
| 244961 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk, Series 2024-MN8, <br> Class M1, (30 day USD SOFR Average + 2.85%), 6.55%, due 5/25/2044<br>| &nbsp;&nbsp; 246499<br> <sup>(a)(c)</sup><br>|
|  | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates |  |
| 4512005 | &nbsp;&nbsp;&nbsp; Series KW03, Class X1, 0.76%, due 6/25/2027 | &nbsp;&nbsp; 33042<br> <sup>(b)(e)</sup><br>|
| 3261685 | &nbsp;&nbsp;&nbsp; Series K095, Class X1, 0.94%, due 6/25/2029 | &nbsp;&nbsp; 88015<br> <sup>(b)(e)</sup><br>|
| 5017810 | &nbsp;&nbsp;&nbsp; Series K096, Class X1, 1.11%, due 7/25/2029 | &nbsp;&nbsp; 159954<br> <sup>(b)(e)</sup><br>|
| 4100000 | &nbsp;&nbsp;&nbsp; Series K098, Class XAM, 1.39%, due 8/25/2029 | &nbsp;&nbsp; 185195<br> <sup>(b)(e)</sup><br>|
| 147000 | FIVE Mortgage Trust, Series 2023-V1, Class C, 6.35%, due 2/10/2056 | &nbsp;&nbsp; 148352<br> <sup>(b)</sup><br>|
|  | GS Mortgage Securities Trust |  |
| 1046664 | &nbsp;&nbsp;&nbsp; Series 2013-GC13, Class XA, 0.00%, due 7/10/2046 | &nbsp;&nbsp; 10<br> <sup>(b)(e)</sup><br>|
| 306000 | &nbsp;&nbsp;&nbsp; Series 2016-GS2, Class C, 4.69%, due 5/10/2049 | &nbsp;&nbsp; 297644<br> <sup>(b)</sup><br>|
|  | Hilton USA Trust |  |
| 401000 | &nbsp;&nbsp;&nbsp; Series 2016-HHV, Class C, 4.19%, due 11/5/2038 | &nbsp;&nbsp; 399352<br> <sup>(a)(b)</sup><br>|
| 300000 | &nbsp;&nbsp;&nbsp; Series 2016-HHV, Class E, 4.19%, due 11/5/2038 | &nbsp;&nbsp; 297344<br> <sup>(a)(b)</sup><br>|
|  | Hudson Yards Mortgage Trust |  |
| 390000 | &nbsp;&nbsp;&nbsp; Series 2016-10HY, Class A, 2.84%, due 8/10/2038 | &nbsp;&nbsp; 386492<br> <sup>(a)</sup><br>|
| 203000 | &nbsp;&nbsp;&nbsp; Series 2016-10HY, Class C, 2.98%, due 8/10/2038 | &nbsp;&nbsp; 200635<br> <sup>(a)(b)</sup><br>|
| 250000 | &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class C, 5.95%, due 1/13/2040 | &nbsp;&nbsp; 259137<br> <sup>(a)(b)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class D, 6.34%, due 1/13/2040 | &nbsp;&nbsp; 104333<br> <sup>(a)(b)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class E, 6.68%, due 1/13/2040 | &nbsp;&nbsp; 103907<br> <sup>(a)(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
| $329000 | &nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1 mo. USD Term SOFR + 2.25%), 5.93%, due <br> 3/15/2042<br>&nbsp;&nbsp; $330439<br> <sup>(a)(c)</sup><br>|
|  | IP Mortgage Trust |
| 166000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class A, 5.25%, due 6/10/2042<br> &nbsp;&nbsp; 168939<br> <sup>(a)(b)</sup><br>|
| 133000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class D, 6.31%, due 6/10/2042<br> &nbsp;&nbsp; 135541<br> <sup>(a)(b)</sup><br>|
| 97000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class E, 6.85%, due 6/10/2042<br> &nbsp;&nbsp; 99009<br> <sup>(a)(b)</sup><br>|
|  | IRV Trust |
| 250000 | &nbsp;&nbsp;&nbsp; Series 2025-200P, Class A, 5.29%, due 3/14/2047<br> &nbsp;&nbsp; 256821<br> <sup>(a)(b)</sup><br>|
| 256000 | &nbsp;&nbsp;&nbsp; Series 2025-200P, Class C, 5.73%, due 3/14/2047<br> &nbsp;&nbsp; 259062<br> <sup>(a)(b)</sup><br>|
|  | JP Morgan Chase Commercial Mortgage Securities Trust |
| 405000 | &nbsp;&nbsp;&nbsp; Series 2016-NINE, Class A, 2.85%, due 9/6/2038<br> &nbsp;&nbsp; 401278<br> <sup>(a)(b)</sup><br>|
| 260000 | &nbsp;&nbsp;&nbsp; Series 2022-OPO, Class A, 3.02%, due 1/5/2039<br> &nbsp;&nbsp; 235950<br> <sup>(a)</sup><br>|
| 181000 | &nbsp;&nbsp;&nbsp; Series 2022-OPO, Class D, 3.45%, due 1/5/2039<br> &nbsp;&nbsp; 144800<br> <sup>(a)(b)</sup><br>|
| 310000 | JPMBB Commercial Mortgage Securities Trust, Series 2014-C18, Class C, 4.52%, due 2/15/2047<br> &nbsp;&nbsp; 298781<br> <sup>(b)</sup><br>|
|  | MAD Commercial Mortgage Trust |
| 615000 | &nbsp;&nbsp;&nbsp; Series 2025-11MD, Class C, 5.82%, due 10/15/2042<br> &nbsp;&nbsp; 619844<br> <sup>(a)(b)</sup><br>|
| 336000 | &nbsp;&nbsp;&nbsp; Series 2025-11MD, Class D, 6.57%, due 10/15/2042<br> &nbsp;&nbsp; 343318<br> <sup>(a)(b)</sup><br>|
| 336000 | &nbsp;&nbsp;&nbsp; Series 2025-11MD, Class E, 7.57%, due 10/15/2042<br> &nbsp;&nbsp; 332928<br> <sup>(a)(b)</sup><br>|
|  | Manhattan West Mortgage Trust |
| 862000 | &nbsp;&nbsp;&nbsp; Series 2020-1MW, Class A, 2.13%, due 9/10/2039<br> &nbsp;&nbsp; 831641<br> <sup>(a)</sup><br>|
| 300000 | &nbsp;&nbsp;&nbsp; Series 2020-1MW, Class D, 2.33%, due 9/10/2039<br> &nbsp;&nbsp; 286044<br> <sup>(a)(b)</sup><br>|
| 210000 | &nbsp;&nbsp; MED Commercial Mortgage Trust, Series 2024-MOB, Class C, (1 mo. USD Term SOFR + 2.29%), <br> 5.97%, due 5/15/2041<br>&nbsp;&nbsp; 207267<br> <sup>(a)(c)</sup><br>|
|  | MF1 LLC |
| 541000 | &nbsp;&nbsp;&nbsp; Series 2026-FL21, Class B, (1 mo. USD Term SOFR + 1.75%), 5.43%, due 2/18/2041<br> &nbsp;&nbsp; 541508<br> <sup>(a)(c)(d)</sup><br>|
| 541000 | &nbsp;&nbsp;&nbsp; Series 2026-FL21, Class C, (1 mo. USD Term SOFR + 1.95%), 5.63%, due 2/18/2041<br> &nbsp;&nbsp; 541676<br> <sup>(a)(c)(d)</sup><br>|
| 849000 | &nbsp;&nbsp;&nbsp; Series 2026-FL21, Class D, (1 mo. USD Term SOFR + 2.50%), 6.18%, due 2/18/2041<br> &nbsp;&nbsp; 849531<br> <sup>(a)(c)(d)</sup><br>|
|  | Morgan Stanley Bank of America Merrill Lynch Trust |
| 65000 | &nbsp;&nbsp;&nbsp; Series 2017-C33, Class C, 4.56%, due 5/15/2050<br> &nbsp;&nbsp; 61269<br> <sup>(b)</sup><br>|
| 300000 | &nbsp;&nbsp;&nbsp; Series 2025-C35, Class C, 6.35%, due 8/15/2058<br> &nbsp;&nbsp; 307004<br> <sup>(b)</sup><br>|
| 87000 | Morgan Stanley Capital I Trust, Series 2018-H4, Class C, 5.06%, due 12/15/2051<br> &nbsp;&nbsp; 81883<br> <sup>(b)</sup><br>|
| 82000 | MSWF Commercial Mortgage Trust, Series 2023-2, Class C, 7.02%, due 12/15/2056<br> &nbsp;&nbsp; 88079<br> <sup>(b)</sup><br>|
|  | NXPT Commercial Mortgage Trust |
| 921000 | &nbsp;&nbsp;&nbsp; Series 2024-STOR, Class C, 4.98%, due 11/5/2041<br> &nbsp;&nbsp; 919985<br> <sup>(a)(b)</sup><br>|
| 316650 | &nbsp;&nbsp;&nbsp; Series 2024-STOR, Class D, 5.65%, due 11/5/2041<br> &nbsp;&nbsp; 318544<br> <sup>(a)(b)</sup><br>|
| 390000 | NY Commercial Mortgage Trust, Series 2025-299P, Class A, 5.66%, due 2/10/2047<br> &nbsp;&nbsp; 411462<br> <sup>(a)(b)</sup><br>|
|  | NYC Commercial Mortgage Trust |
| 260000 | &nbsp;&nbsp;&nbsp; Series 2025-3BP, Class A, (1 mo. USD Term SOFR + 1.21%), 4.89%, due 2/15/2042<br> &nbsp;&nbsp; 260163<br> <sup>(a)(c)</sup><br>|
| 210000 | &nbsp;&nbsp;&nbsp; Series 2025-3BP, Class B, (1 mo. USD Term SOFR + 1.69%), 5.37%, due 2/15/2042<br> &nbsp;&nbsp; 210525<br> <sup>(a)(c)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-3BP, Class D, (1 mo. USD Term SOFR + 2.44%), 6.12%, due 2/15/2042<br> &nbsp;&nbsp; 100500<br> <sup>(a)(c)</sup><br>|
| 382000 | &nbsp;&nbsp;&nbsp; Series 2025-300P, Class D, 6.16%, due 7/13/2042<br> &nbsp;&nbsp; 387651<br> <sup>(a)(b)</sup><br>|
|  | One Market Plaza Trust |
| 154855 | &nbsp;&nbsp;&nbsp; Series 2017-1MKT, Class A, 3.61%, due 2/10/2032<br> &nbsp;&nbsp; 149488<br> <sup>(a)</sup><br>|
| 360000 | &nbsp;&nbsp;&nbsp; Series 2017-1MKT, Class B, 3.85%, due 2/10/2032<br> &nbsp;&nbsp; 343028<br> <sup>(a)</sup><br>|
| 150000 | &nbsp;&nbsp;&nbsp; Series 2017-1MKT, Class C, 4.02%, due 2/10/2032<br> &nbsp;&nbsp; 142553<br> <sup>(a)</sup><br>|
| 285000 | &nbsp;&nbsp; ONE Mortgage Trust, Series 2021-PARK, Class A, (1 mo. USD Term SOFR + 0.81%), 4.49%, due <br> 3/15/2036<br>&nbsp;&nbsp; 284584<br> <sup>(a)(c)</sup><br>|
|  | ONNI Commercial Mortgage Trust |
| 221000 | &nbsp;&nbsp;&nbsp; Series 2024-APT, Class C, 6.64%, due 7/15/2039<br> &nbsp;&nbsp; 226058<br> <sup>(a)(b)</sup><br>|
| 253000 | &nbsp;&nbsp;&nbsp; Series 2024-APT, Class D, 7.24%, due 7/15/2039<br> &nbsp;&nbsp; 260503<br> <sup>(a)(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
|  |  | ORL Trust |  |
| $| 500000 | &nbsp;&nbsp;&nbsp; Series 2024-GLKS, Class A, (1 mo. USD Term SOFR + 1.49%), 5.17%, due 12/15/2039 | &nbsp;&nbsp; $501250<br> <sup>(a)(c)</sup><br>|
|  | 150000 | &nbsp;&nbsp;&nbsp; Series 2024-GLKS, Class D, (1 mo. USD Term SOFR + 2.79%), 6.47%, due 12/15/2039 | &nbsp;&nbsp; 150656<br> <sup>(a)(c)</sup><br>|
|  | 440000 | PFP Ltd., Series 2025-12, Class AS, (1 mo. USD Term SOFR + 1.74%), 5.42%, due 12/18/2042 | &nbsp;&nbsp; 440866<br> <sup>(a)(c)</sup><br>|
|  | 147000 | PRM Trust, Series 2025-PRM6, Class D, 5.68%, due 7/5/2033 | &nbsp;&nbsp; 147777<br> <sup>(a)(b)</sup><br>|
|  | 303000 | PRM5 Trust, Series 2025-PRM5, Class D, 5.81%, due 3/10/2033 | &nbsp;&nbsp; 303889<br> <sup>(a)(b)</sup><br>|
|  | 1205000 | RFR Trust, Series 2025-SGRM, Class A, 5.38%, due 3/11/2041 | &nbsp;&nbsp; 1231360<br> <sup>(a)(b)</sup><br>|
|  | 304000 | RIDE, Series 2025-SHRE, Class C, 6.32%, due 2/14/2047 | &nbsp;&nbsp; 309491<br> <sup>(a)(b)</sup><br>|
|  |  | ROCK Trust |  |
|  | 555000 | &nbsp;&nbsp;&nbsp; Series 2024-CNTR, Class B, 5.93%, due 11/13/2041 | &nbsp;&nbsp; 573384<br> <sup>(a)</sup><br>|
|  | 357000 | &nbsp;&nbsp;&nbsp; Series 2024-CNTR, Class D, 7.11%, due 11/13/2041 | &nbsp;&nbsp; 376121<br> <sup>(a)</sup><br>|
|  | 299000 | SDAL Trust, Series 2025-DAL, Class C, (1 mo. USD Term SOFR + 3.94%), 7.62%, due 4/15/2042 | &nbsp;&nbsp; 301242<br> <sup>(a)(c)</sup><br>|
|  |  | SFO Commercial Mortgage Trust |  |
|  | 112000 | &nbsp;&nbsp;&nbsp; Series 2021-555, Class B, (1 mo. USD Term SOFR + 1.61%), 5.29%, due 5/15/2038 | &nbsp;&nbsp; 111721<br> <sup>(a)(c)</sup><br>|
|  | 669000 | &nbsp;&nbsp;&nbsp; Series 2021-555, Class C, (1 mo. USD Term SOFR + 1.91%), 5.59%, due 5/15/2038 | &nbsp;&nbsp; 666491<br> <sup>(a)(c)</sup><br>|
|  | 311000 | &nbsp;&nbsp;&nbsp; Series 2021-555, Class D, (1 mo. USD Term SOFR + 2.51%), 6.19%, due 5/15/2038 | &nbsp;&nbsp; 309838<br> <sup>(a)(c)</sup><br>|
|  |  | Shops at Crystals Trust |  |
|  | 1350000 | &nbsp;&nbsp;&nbsp; Series 2016-CSTL, Class B, 3.53%, due 7/5/2036 | &nbsp;&nbsp; 1343598<br> <sup>(a)</sup><br>|
|  | 1925000 | &nbsp;&nbsp;&nbsp; Series 2016-CSTL, Class C, 3.73%, due 7/5/2036 | &nbsp;&nbsp; 1916685<br> <sup>(a)(b)</sup><br>|
|  | 769560 | &nbsp;&nbsp; SMRT Commercial Mortgage Trust, Series 2022-MINI, Class E, (1 mo. USD Term SOFR + 2.70%), <br> 6.38%, due 1/15/2039<br>| &nbsp;&nbsp; 767636<br> <sup>(a)(c)</sup><br>|
|  | 100000 | &nbsp;&nbsp; TCO Commercial Mortgage Trust, Series 2024-DPM, Class C, (1 mo. USD Term SOFR + 1.99%), <br> 5.67%, due 12/15/2039<br>| &nbsp;&nbsp; 100188<br> <sup>(a)(c)</sup><br>|
|  | 230000 | &nbsp;&nbsp; TEXAS Commercial Mortgage Trust, Series 2025-TWR, Class A, (1 mo. USD Term SOFR + 1.29%), <br> 4.97%, due 4/15/2042<br>| &nbsp;&nbsp; 230144<br> <sup>(a)(c)</sup><br>|
|  |  | TRTX Issuer Ltd. |  |
|  | 364000 | &nbsp;&nbsp;&nbsp; Series 2025-FL7, Class C, (1 mo. USD Term SOFR + 2.20%), 5.88%, due 6/18/2043 | &nbsp;&nbsp; 363999<br> <sup>(a)(c)</sup><br>|
|  | 347000 | &nbsp;&nbsp;&nbsp; Series 2025-FL7, Class D, (1 mo. USD Term SOFR + 2.65%), 6.33%, due 6/18/2043 | &nbsp;&nbsp; 347008<br> <sup>(a)(c)</sup><br>|
|  | 154000 | &nbsp;&nbsp;&nbsp; Series 2025-FL7, Class E, (1 mo. USD Term SOFR + 3.25%), 6.93%, due 6/18/2043 | &nbsp;&nbsp; 154380<br> <sup>(a)(c)</sup><br>|
|  | 194280 | &nbsp;&nbsp; U.S. Bank NA, Series 2025-SUP1, Class C, (30 day USD SOFR Average + 1.90%), 5.60%, due <br> 2/25/2032<br>| &nbsp;&nbsp; 194279<br> <sup>(a)(c)</sup><br>|
|  | 426532 | UBS Commercial Mortgage Trust, Series 2018-C13, Class ASB, 4.24%, due 10/15/2051 | &nbsp;&nbsp; 427080 |
|  |  | Wells Fargo Commercial Mortgage Trust |  |
|  | 125000 | &nbsp;&nbsp;&nbsp; Series 2024-1CHI, Class C, 6.43%, due 7/15/2035 | &nbsp;&nbsp; 126429<br> <sup>(a)(b)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2024-1CHI, Class D, 6.93%, due 7/15/2035 | &nbsp;&nbsp; 101350<br> <sup>(a)(b)</sup><br>|
|  | 365000 | &nbsp;&nbsp;&nbsp; Series 2016-NXS6, Class B, 3.81%, due 11/15/2049 | &nbsp;&nbsp; 358381 |
|  | 3360291 | &nbsp;&nbsp;&nbsp; Series 2019-C52, Class XA, 1.56%, due 8/15/2052 | &nbsp;&nbsp; 144104<br> <sup>(b)(e)</sup><br>|
|  | 143000 | &nbsp;&nbsp;&nbsp; Series 2025-5C3, Class C, 6.23%, due 1/15/2058 | &nbsp;&nbsp; 145183<br> <sup>(b)</sup><br>|
|  | 317642 | WF-RBS Commercial Mortgage Trust, Series 2014-C21, Class B, 4.21%, due 8/15/2047 | &nbsp;&nbsp; 310813<br> <sup>(b)</sup><br>|
|  | 515000 | WHARF Commercial Mortgage Trust, Series 2025-DC, Class C, 6.23%, due 7/15/2040 | &nbsp;&nbsp; 531478<br> <sup>(a)(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **61165001** |
| **Federal Home Loan Mortgage Corp. 3.1%** | **Federal Home Loan Mortgage Corp. 3.1%** | **Federal Home Loan Mortgage Corp. 3.1%** | **Federal Home Loan Mortgage Corp. 3.1%** |
|  |  | Pass-Through Certificates |  |
|  | 48366 | &nbsp;&nbsp;&nbsp; 4.50%, due 11/1/2039 | &nbsp;&nbsp; 48674 |
|  | 9782871 | &nbsp;&nbsp;&nbsp; 5.00%, due 1/1/2055 - 12/1/2055 | &nbsp;&nbsp; 9785714 |
|  | 5901381 | &nbsp;&nbsp;&nbsp; 5.50%, due 9/1/2052 - 8/1/2055 | &nbsp;&nbsp; 5998353 |
|  | 9598613 | &nbsp;&nbsp;&nbsp; 6.00%, due 3/1/2053 - 7/1/2055 | &nbsp;&nbsp; 9838105 |
|  |  |  | &nbsp;&nbsp; **25670846** |
| **Federal National Mortgage Association 4.9%** | **Federal National Mortgage Association 4.9%** | **Federal National Mortgage Association 4.9%** | **Federal National Mortgage Association 4.9%** |
|  |  | Pass-Through Certificates |  |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Federal National Mortgage Association – cont'd** | **Federal National Mortgage Association – cont'd** | **Federal National Mortgage Association – cont'd** | **Federal National Mortgage Association – cont'd** |
| $| 69962 | &nbsp;&nbsp;&nbsp; 4.50%, due 4/1/2039 - 5/1/2044 | &nbsp;&nbsp; $70172 |
|  | 13968079 | &nbsp;&nbsp;&nbsp; 5.00%, due 4/1/2054 - 12/1/2055 | &nbsp;&nbsp; 13975741 |
|  | 19529170 | &nbsp;&nbsp;&nbsp; 5.50%, due 11/1/2052 - 1/1/2056 | &nbsp;&nbsp; 19825891 |
|  | 5666803 | &nbsp;&nbsp;&nbsp; 6.00%, due 10/1/2053 - 7/1/2055 | &nbsp;&nbsp; 5818045 |
|  |  |  | &nbsp;&nbsp; **39689849** |
| **Total Mortgage-Backed Securities (Cost $270,483,230)** | **Total Mortgage-Backed Securities (Cost $270,483,230)** | **Total Mortgage-Backed Securities (Cost $270,483,230)** | &nbsp;&nbsp; **269765117** |
| **Asset-Backed Securities 18.9%** | **Asset-Backed Securities 18.9%** | **Asset-Backed Securities 18.9%** | **Asset-Backed Securities 18.9%** |
| **Automobiles 2.5%** | **Automobiles 2.5%** | **Automobiles 2.5%** | **Automobiles 2.5%** |
|  | 725000 | Ally Auto Receivables Trust, Series 2025-1, Class A3, 3.96%, due 3/15/2030 | &nbsp;&nbsp; 727191 |
|  |  | Avis Budget Rental Car Funding AESOP LLC |  |
|  | 62500 | &nbsp;&nbsp;&nbsp; Series 2020-2A, Class B, 2.96%, due 2/20/2027 | &nbsp;&nbsp; 62452<br> <sup>(a)</sup><br>|
|  | 112500 | &nbsp;&nbsp;&nbsp; Series 2022-5A, Class C, 6.24%, due 4/20/2027 | &nbsp;&nbsp; 112766<br> <sup>(a)</sup><br>|
|  | 485000 | &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, 1.90%, due 2/20/2028 | &nbsp;&nbsp; 474472<br> <sup>(a)</sup><br>|
|  | 250000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.24%, due 8/20/2029 | &nbsp;&nbsp; 253705<br> <sup>(a)</sup><br>|
|  | 265000 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class C, 4.95%, due 2/20/2030 | &nbsp;&nbsp; 264352<br> <sup>(a)</sup><br>|
|  | 510000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, 5.85%, due 6/20/2030 | &nbsp;&nbsp; 528931<br> <sup>(a)</sup><br>|
|  | 245000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, 6.48%, due 6/20/2030 | &nbsp;&nbsp; 254396<br> <sup>(a)</sup><br>|
|  | 324970 | BOF VII AL Funding Trust I, Series 2023-CAR3, Class A2, 6.29%, due 7/26/2032 | &nbsp;&nbsp; 330693<br> <sup>(a)</sup><br>|
|  |  | Bridgecrest Lending Auto Securitization Trust |  |
|  | 329000 | &nbsp;&nbsp;&nbsp; Series 2025-4, Class C, 4.80%, due 8/15/2031 | &nbsp;&nbsp; 332183 |
|  | 1173000 | &nbsp;&nbsp;&nbsp; Series 2026-1, Class D, 4.99%, due 11/17/2031 | &nbsp;&nbsp; 1176953 |
|  |  | Exeter Automobile Receivables Trust |  |
|  | 261000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.09%, due 5/15/2031 | &nbsp;&nbsp; 264602 |
|  | 608000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class D, 5.49%, due 5/15/2031 | &nbsp;&nbsp; 618193 |
|  | 1450000 | &nbsp;&nbsp;&nbsp; Series 2026-1A, Class D, 5.00%, due 5/17/2032 | &nbsp;&nbsp; 1452561 |
|  | 935000 | Exeter Select Automobile Receivables Trust, Series 2025-2, Class C, 4.91%, due 12/15/2031 | &nbsp;&nbsp; 943251 |
|  |  | GLS Auto Receivables Issuer Trust |  |
|  | 420000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class D, 5.59%, due 1/15/2031 | &nbsp;&nbsp; 426850<br> <sup>(a)</sup><br>|
|  | 542000 | &nbsp;&nbsp;&nbsp; Series 2025-4A, Class C, 4.74%, due 8/15/2031 | &nbsp;&nbsp; 546728<br> <sup>(a)</sup><br>|
|  | 352000 | &nbsp;&nbsp;&nbsp; Series 2025-4A, Class D, 5.13%, due 8/15/2031 | &nbsp;&nbsp; 353983<br> <sup>(a)</sup><br>|
|  | 1171000 | GLS Auto Select Receivables Issuer Trust, Series 2025-4A, Class B, 4.52%, due 12/15/2031 | &nbsp;&nbsp; 1168439<br> <sup>(a)</sup><br>|
|  |  | GLS Auto Select Receivables Trust |  |
|  | 488197 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 4.71%, due 4/15/2030 | &nbsp;&nbsp; 491701<br> <sup>(a)</sup><br>|
|  | 503412 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A2, 4.46%, due 10/15/2030 | &nbsp;&nbsp; 506709<br> <sup>(a)</sup><br>|
|  | 57000 | &nbsp;&nbsp;&nbsp; Series 2024-4A, Class C, 4.75%, due 11/15/2030 | &nbsp;&nbsp; 57527<br> <sup>(a)</sup><br>|
|  | 61000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.04%, due 2/15/2031 | &nbsp;&nbsp; 62130<br> <sup>(a)</sup><br>|
|  | 72000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.26%, due 3/15/2031 | &nbsp;&nbsp; 73482<br> <sup>(a)</sup><br>|
|  | 149000 | &nbsp;&nbsp;&nbsp; Series 2024-4A, Class D, 5.28%, due 10/15/2031 | &nbsp;&nbsp; 150508<br> <sup>(a)</sup><br>|
|  |  | Huntington Bank Auto Credit-Linked Notes |  |
|  | 233015 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class B1, 6.15%, due 5/20/2032 | &nbsp;&nbsp; 236837<br> <sup>(a)</sup><br>|
|  | 339066 | &nbsp;&nbsp;&nbsp; Series 2024-2, Class B1, 5.44%, due 10/20/2032 | &nbsp;&nbsp; 342727<br> <sup>(a)</sup><br>|
|  | 291000 | Mercedes-Benz Auto Lease Trust, Series 2025-B, Class A3, 3.88%, due 4/16/2029 | &nbsp;&nbsp; 291321 |
|  | 936000 | PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03%, due 7/15/2030 | &nbsp;&nbsp; 938263<br> <sup>(a)</sup><br>|
|  | 469728 | Prestige Auto Receivables Trust, Series 2021-1A, Class D, 2.08%, due 2/15/2028 | &nbsp;&nbsp; 465575<br> <sup>(a)</sup><br>|
|  |  | Santander Drive Auto Receivables Trust |  |
|  | 87000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class C, 5.45%, due 3/15/2030 | &nbsp;&nbsp; 88170 |
|  | 449000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class D, 5.43%, due 3/17/2031 | &nbsp;&nbsp; 457849 |
|  | 445000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class C, 5.06%, due 5/15/2031 | &nbsp;&nbsp; 450653 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Automobiles – cont'd** | **Automobiles – cont'd** | **Automobiles – cont'd** | **Automobiles – cont'd** |
|  |  | SCCU Auto Receivables Trust |  |
| $| 190000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A4, 4.68%, due 9/15/2031 | &nbsp;&nbsp; $192516<br> <sup>(a)</sup><br>|
|  | 174000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 4.78%, due 12/15/2031 | &nbsp;&nbsp; 175507<br> <sup>(a)</sup><br>|
|  | 113000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.08%, due 2/17/2032 | &nbsp;&nbsp; 114167<br> <sup>(a)</sup><br>|
|  |  | SFS Auto Receivables Securitization Trust |  |
|  | 540000 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A3, 4.12%, due 4/21/2031 | &nbsp;&nbsp; 542208<br> <sup>(a)</sup><br>|
|  | 540000 | &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A4, 4.60%, due 11/20/2031 | &nbsp;&nbsp; 546610<br> <sup>(a)</sup><br>|
|  | 421000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, 5.51%, due 1/20/2032 | &nbsp;&nbsp; 432996<br> <sup>(a)</sup><br>|
|  |  | Stellantis Financial Underwritten Enhanced Lease Trust |  |
|  | 440000 | &nbsp;&nbsp;&nbsp; Series 2025-BA, Class B, 4.47%, due 7/20/2029 | &nbsp;&nbsp; 443372<br> <sup>(a)</sup><br>|
|  | 440000 | &nbsp;&nbsp;&nbsp; Series 2025-BA, Class C, 4.71%, due 1/22/2030 | &nbsp;&nbsp; 443395<br> <sup>(a)</sup><br>|
|  | 543000 | Toyota Auto Receivables Owner Trust, Series 2025-D, Class A3, 3.84%, due 6/17/2030 | &nbsp;&nbsp; 543689 |
|  | 63250 | U.S. Bank NA, Series 2023-1, Class B, 6.79%, due 8/25/2032 | &nbsp;&nbsp; 63882<br> <sup>(a)</sup><br>|
|  |  | Westlake Automobile Receivables Trust |  |
|  | 11885 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3, 5.44%, due 5/17/2027 | &nbsp;&nbsp; 11892<br> <sup>(a)</sup><br>|
|  | 224000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class D, 5.54%, due 11/15/2030 | &nbsp;&nbsp; 228381<br> <sup>(a)</sup><br>|
|  | 313000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 4.85%, due 1/15/2031 | &nbsp;&nbsp; 316653<br> <sup>(a)</sup><br>|
|  | 468000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class D, 5.08%, due 5/15/2031 | &nbsp;&nbsp; 472855<br> <sup>(a)</sup><br>|
|  | 725000 | World Omni Auto Receivables Trust, Series 2025-D, Class A3, 3.95%, due 3/17/2031 | &nbsp;&nbsp; 726799 |
|  |  |  | &nbsp;&nbsp; **20161075** |
| **Home Equity 1.1%** | **Home Equity 1.1%** | **Home Equity 1.1%** | **Home Equity 1.1%** |
|  | 348784 | COOPR Residential Mortgage Trust, Series 2025-CES1, Class A1A, 5.65%, due 5/25/2060 | &nbsp;&nbsp; 353452<br> <sup>(a)</sup><br>|
|  |  | JP Morgan Mortgage Trust |  |
|  | 149936 | &nbsp;&nbsp;&nbsp; Series 2023-HE2, Class A1, (30 day USD SOFR Average + 1.70%), 5.40%, due 3/20/2054 | &nbsp;&nbsp; 150488<br> <sup>(a)(c)</sup><br>|
|  | 117143 | &nbsp;&nbsp;&nbsp; Series 2023-HE3, Class M1, (30 day USD SOFR Average + 2.10%), 5.80%, due 5/20/2054 | &nbsp;&nbsp; 117859<br> <sup>(a)(c)</sup><br>|
|  | 312131 | &nbsp;&nbsp;&nbsp; Series 2024-HE1, Class A1, (30 day USD SOFR Average + 1.50%), 5.20%, due 8/25/2054 | &nbsp;&nbsp; 313122<br> <sup>(a)(c)</sup><br>|
|  | 81686 | &nbsp;&nbsp;&nbsp; Series 2024-HE1, Class M1, (30 day USD SOFR Average + 2.00%), 5.70%, due 8/25/2054 | &nbsp;&nbsp; 82208<br> <sup>(a)(c)</sup><br>|
|  | 1075000 | &nbsp;&nbsp;&nbsp; Series 2025-HE3, Class M1, (30 day USD SOFR Average + 1.45%), 5.15%, due 3/20/2056 | &nbsp;&nbsp; 1079643<br> <sup>(a)(c)</sup><br>|
|  | 490000 | &nbsp;&nbsp;&nbsp; Series 2025-HE3, Class M2, (30 day USD SOFR Average + 1.70%), 5.40%, due 3/20/2056 | &nbsp;&nbsp; 492430<br> <sup>(a)(c)</sup><br>|
|  | 395000 | &nbsp;&nbsp;&nbsp; Series 2025-HE3, Class M3, (30 day USD SOFR Average + 2.10%), 5.80%, due 3/20/2056 | &nbsp;&nbsp; 397722<br> <sup>(a)(c)</sup><br>|
|  | 698266 | &nbsp;&nbsp; OBX Trust, Series 2025-HE1, Class A1, (30 day USD SOFR Average + 1.60%), 5.30%, due <br> 2/25/2055<br>| &nbsp;&nbsp; 701736<br> <sup>(a)(c)</sup><br>|
|  |  | RCKT Mortgage Trust |  |
|  | 491453 | &nbsp;&nbsp;&nbsp; Series 2025-CES10, Class A1A, 4.89%, due 11/25/2055 | &nbsp;&nbsp; 492919<br> <sup>(a)</sup><br>|
|  | 745354 | &nbsp;&nbsp;&nbsp; Series 2025-CES10, Class A1B, 5.00%, due 11/25/2055 | &nbsp;&nbsp; 747571<br> <sup>(a)</sup><br>|
|  | 1230130 | &nbsp;&nbsp;&nbsp; Series 2025-CES11, Class A1B, 5.12%, due 11/25/2055 | &nbsp;&nbsp; 1235815<br> <sup>(a)</sup><br>|
|  | 221000 | &nbsp;&nbsp;&nbsp; Series 2025-CES11, Class A2, 5.23%, due 11/25/2055 | &nbsp;&nbsp; 221690<br> <sup>(a)</sup><br>|
|  |  | Towd Point Mortgage Trust |  |
|  | 299155 | &nbsp;&nbsp;&nbsp; Series 2024-CES1, Class A1A, 5.85%, due 1/25/2064 | &nbsp;&nbsp; 301074<br> <sup>(a)</sup><br>|
|  | 482735 | &nbsp;&nbsp;&nbsp; Series 2024-CES2, Class A1A, 6.13%, due 2/25/2064 | &nbsp;&nbsp; 487292<br> <sup>(a)</sup><br>|
|  | 1429000 | &nbsp;&nbsp;&nbsp; Series 2026-CES1, Class A1, 4.96%, due 12/25/2065 | &nbsp;&nbsp; 1428047<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **8603068** |
| **Other 14.0%** | **Other 14.0%** | **Other 14.0%** | **Other 14.0%** |
|  | 586957 | AASET Trust, Series 2025-1A, Class A, 5.94%, due 2/16/2050 | &nbsp;&nbsp; 598297<br> <sup>(a)</sup><br>|
|  |  | AGL CLO 46 Ltd. |  |
|  | 2500000 | &nbsp;&nbsp;&nbsp; Series 2025-46A, Class A1, (3 mo. USD Term SOFR + 1.19%), 4.86%, due 1/22/2039 | &nbsp;&nbsp; 2506441<br> <sup>(a)(c)</sup><br>|
|  | 2500000 | &nbsp;&nbsp;&nbsp; Series 2025-46A, Class D1, (3 mo. USD Term SOFR + 2.55%), 6.22%, due 1/22/2039 | &nbsp;&nbsp; 2516926<br> <sup>(a)(c)</sup><br>|
|  | 361000 | Amur Equipment Finance Receivables XV LLC, Series 2025-1A, Class D, 5.68%, due 8/20/2032 | &nbsp;&nbsp; 367818<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
|  | Apidos CLO XLVI Ltd. |
| $2500000 | &nbsp;&nbsp;&nbsp; Series 2023-46A, Class A1R, (3 mo. USD Term SOFR + 1.20%), 5.11%, due 10/24/2038<br> &nbsp;&nbsp; $2508500<br> <sup>(a)(c)</sup><br>|
| 2500000 | &nbsp;&nbsp;&nbsp; Series 2023-46A, Class D1R, (3 mo. USD Term SOFR + 2.60%), 6.51%, due 10/24/2038<br> &nbsp;&nbsp; 2517509<br> <sup>(a)(c)</sup><br>|
| 284614 | Aqua Finance Trust, Series 2021-A, Class A, 1.54%, due 7/17/2046<br> &nbsp;&nbsp; 262585<br> <sup>(a)</sup><br>|
| 2700000 | Arini U.S. CLO IV Ltd., Series 4A, Class D, (3 mo. USD Term SOFR + 2.95%), 6.62%, due 1/15/2039<br> &nbsp;&nbsp; 2711146<br> <sup>(a)(c)</sup><br>|
|  | Bain Capital Credit CLO Ltd. |
| 2000000 | &nbsp;&nbsp;&nbsp; Series 2025-4A, Class A1, (3 mo. USD Term SOFR + 1.24%), 5.10%, due 1/17/2039<br> &nbsp;&nbsp; 2007512<br> <sup>(a)(c)</sup><br>|
| 1250000 | &nbsp;&nbsp;&nbsp; Series 2025-4A, Class D1, (3 mo. USD Term SOFR + 2.60%), 6.46%, due 1/17/2039<br> &nbsp;&nbsp; 1257550<br> <sup>(a)(c)</sup><br>|
|  | Barings Equipment Finance LLC |
| 918000 | &nbsp;&nbsp;&nbsp; Series 2025-A, Class A3, 4.82%, due 8/13/2032<br> &nbsp;&nbsp; 937869<br> <sup>(a)</sup><br>|
| 543000 | &nbsp;&nbsp;&nbsp; Series 2025-B, Class A3, 4.13%, due 10/13/2032<br> &nbsp;&nbsp; 544500<br> <sup>(a)</sup><br>|
| 1000000 | &nbsp;&nbsp; Benefit Street Partners CLO XX Ltd., Series 2020-20A, Class D1RR, (3 mo. USD Term SOFR + <br> 2.70%), 6.37%, due 10/15/2038<br>&nbsp;&nbsp; 1007021<br> <sup>(a)(c)</sup><br>|
| 1300000 | &nbsp;&nbsp; Benefit Street Partners CLO XXXVIII Ltd., Series 2024-38A, Class A, (3 mo. USD Term SOFR + <br> 1.31%), 4.98%, due 1/25/2038<br>&nbsp;&nbsp; 1305693<br> <sup>(a)(c)</sup><br>|
|  | Blue Stream Issuer LLC |
| 300000 | &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2, 5.40%, due 5/20/2053<br> &nbsp;&nbsp; 301656<br> <sup>(a)</sup><br>|
| 180000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2, 5.41%, due 11/20/2054<br> &nbsp;&nbsp; 181965<br> <sup>(a)</sup><br>|
| 466992 | Business Jet Securities LLC, Series 2024-1A, Class A, 6.20%, due 5/15/2039<br> &nbsp;&nbsp; 477323<br> <sup>(a)</sup><br>|
|  | Castlelake Aircraft Structured Trust |
| 298896 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 6.50%, due 2/15/2050<br> &nbsp;&nbsp; 302369<br> <sup>(a)</sup><br>|
| 502153 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 5.47%, due 8/15/2050<br> &nbsp;&nbsp; 506328<br> <sup>(a)</sup><br>|
|  | CCG Receivables Trust |
| 100000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class C, 5.22%, due 3/15/2032<br> &nbsp;&nbsp; 101681<br> <sup>(a)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class D, 5.80%, due 3/15/2032<br> &nbsp;&nbsp; 101921<br> <sup>(a)</sup><br>|
| 128019 | &nbsp;&nbsp;&nbsp; Series 2023-2, Class A2, 6.28%, due 4/14/2032<br> &nbsp;&nbsp; 129470<br> <sup>(a)</sup><br>|
| 1182000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class C, 4.68%, due 8/15/2034<br> &nbsp;&nbsp; 1185165<br> <sup>(a)</sup><br>|
|  | Cloud Capital Holdco LP |
| 211000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2, 5.78%, due 11/22/2049<br> &nbsp;&nbsp; 212194<br> <sup>(a)</sup><br>|
| 136000 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2, 5.92%, due 11/22/2049<br> &nbsp;&nbsp; 137878<br> <sup>(a)</sup><br>|
|  | Compass Datacenters Issuer II LLC |
| 370000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2, 5.75%, due 2/25/2049<br> &nbsp;&nbsp; 372941<br> <sup>(a)</sup><br>|
| 630000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, 7.00%, due 2/25/2049<br> &nbsp;&nbsp; 642304<br> <sup>(a)</sup><br>|
| 577000 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A1, 5.02%, due 8/25/2049<br> &nbsp;&nbsp; 577806<br> <sup>(a)</sup><br>|
|  | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC |
| 137000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 6.00%, due 5/20/2055<br> &nbsp;&nbsp; 140285<br> <sup>(a)</sup><br>|
| 1675000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 6.51%, due 5/20/2055<br> &nbsp;&nbsp; 1720629<br> <sup>(a)</sup><br>|
| 86546 | Crockett Partners Equipment Co. IIA LLC, Series 2024-1C, Class A, 6.05%, due 1/20/2031<br> &nbsp;&nbsp; 88209<br> <sup>(a)</sup><br>|
|  | CyrusOne Data Centers Issuer I LLC |
| 678000 | &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2, 5.56%, due 11/20/2048<br> &nbsp;&nbsp; 683363<br> <sup>(a)</sup><br>|
| 745000 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2, 4.50%, due 5/20/2049<br> &nbsp;&nbsp; 730543<br> <sup>(a)</sup><br>|
|  | Dell Equipment Finance Trust |
| 640000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class C, 5.73%, due 3/22/2030<br> &nbsp;&nbsp; 649308<br> <sup>(a)</sup><br>|
| 170000 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class D, 6.12%, due 9/23/2030<br> &nbsp;&nbsp; 172341<br> <sup>(a)</sup><br>|
| 1000000 | &nbsp;&nbsp; Dryden 64 CLO Ltd., Series 2018-64A, Class D, (3 mo. USD Term SOFR + 2.91%), 6.58%, due <br> 4/18/2031<br>&nbsp;&nbsp; 1003976<br> <sup>(a)(c)</sup><br>|
| 1625000 | &nbsp;&nbsp; Eaton Vance CLO Ltd., Series 2013-1A, Class AR4, (3 mo. USD Term SOFR + 1.34%), 5.01%, due <br> 10/15/2038<br>&nbsp;&nbsp; 1632459<br> <sup>(a)(c)</sup><br>|
| 290253 | Elara HGV Timeshare Issuer LLC, Series 2023-A, Class A, 6.16%, due 2/25/2038<br> &nbsp;&nbsp; 299814<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
| $1500000 | &nbsp;&nbsp; Elmwood CLO 43 Ltd., Series 2025-6A, Class D, (3 mo. USD Term SOFR + 2.80%), 6.47%, due <br> 7/20/2038<br>&nbsp;&nbsp; $1510977<br> <sup>(a)(c)</sup><br>|
| 1300000 | &nbsp;&nbsp; Flatiron CLO 26 Ltd., Series 2024-4A, Class A, (3 mo. USD Term SOFR + 1.33%), 5.00%, due <br> 1/15/2038<br>&nbsp;&nbsp; 1305533<br> <sup>(a)(c)</sup><br>|
| 435000 | &nbsp;&nbsp; Fort Washington CLO Ltd., Series 2021-2A, Class A, (3 mo. USD Term SOFR + 1.48%), 5.15%, due <br> 10/20/2034<br>&nbsp;&nbsp; 435759<br> <sup>(a)(c)</sup><br>|
|  | Foundation Finance Trust |
| 274293 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, 4.60%, due 3/15/2050<br> &nbsp;&nbsp; 275338<br> <sup>(a)</sup><br>|
| 894238 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, 4.93%, due 3/15/2050<br> &nbsp;&nbsp; 897132<br> <sup>(a)</sup><br>|
| 82800 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class D, 6.59%, due 3/15/2050<br> &nbsp;&nbsp; 84006<br> <sup>(a)</sup><br>|
| 394974 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.95%, due 4/15/2050<br> &nbsp;&nbsp; 399416<br> <sup>(a)</sup><br>|
| 370460 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, 4.67%, due 4/15/2052<br> &nbsp;&nbsp; 372340<br> <sup>(a)</sup><br>|
| 1293153 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class A, 4.56%, due 8/15/2052<br> &nbsp;&nbsp; 1297080<br> <sup>(a)</sup><br>|
| 2000000 | &nbsp;&nbsp; Galaxy 36 CLO Ltd., Series 2025-36A, Class A1, (3 mo. USD Term SOFR + 1.23%), 5.01%, due <br> 10/15/2038<br>&nbsp;&nbsp; 2008058<br> <sup>(a)(c)</sup><br>|
| 2000000 | &nbsp;&nbsp; GoldenTree Loan Management U.S. CLO 27 Ltd., Series 2025-27A, Class A, (3 mo. USD Term SOFR <br> + 1.19%), 4.91%, due 1/20/2039<br>&nbsp;&nbsp; 2003608<br> <sup>(a)(c)</sup><br>|
| 205000 | &nbsp;&nbsp; Gracie Point International Funding LLC, Series 2024-1A, Class A, (90 day USD SOFR Average + <br> 1.70%), 5.89%, due 3/1/2028<br>&nbsp;&nbsp; 205074<br> <sup>(a)(c)</sup><br>|
|  | GreatAmerica Leasing Receivables Funding LLC |
| 318000 | &nbsp;&nbsp;&nbsp; Series 2025-1, Class A3, 4.49%, due 4/16/2029<br> &nbsp;&nbsp; 321155<br> <sup>(a)</sup><br>|
| 542000 | &nbsp;&nbsp;&nbsp; Series 2025-2, Class A3, 4.14%, due 12/17/2029<br> &nbsp;&nbsp; 544041<br> <sup>(a)</sup><br>|
|  | GreenSky Home Improvement Issuer Trust |
| 216000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.39%, due 3/25/2060<br> &nbsp;&nbsp; 218975<br> <sup>(a)</sup><br>|
| 619000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, 5.07%, due 6/25/2060<br> &nbsp;&nbsp; 625617<br> <sup>(a)</sup><br>|
| 120000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 5.26%, due 6/25/2060<br> &nbsp;&nbsp; 121080<br> <sup>(a)</sup><br>|
| 100000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class D, 5.56%, due 6/25/2060<br> &nbsp;&nbsp; 100910<br> <sup>(a)</sup><br>|
|  | GreenSky Home Improvement Trust |
| 183260 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class A4, 5.67%, due 6/25/2059<br> &nbsp;&nbsp; 187652<br> <sup>(a)</sup><br>|
| 312546 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class B, 5.87%, due 6/25/2059<br> &nbsp;&nbsp; 319518<br> <sup>(a)</sup><br>|
| 510280 | &nbsp;&nbsp;&nbsp; Series 2024-1, Class D, 7.33%, due 6/25/2059<br> &nbsp;&nbsp; 529915<br> <sup>(a)</sup><br>|
|  | Hilton Grand Vacations Trust |
| 51706 | &nbsp;&nbsp;&nbsp; Series 2022-2A, Class A, 4.30%, due 1/25/2037<br> &nbsp;&nbsp; 51513<br> <sup>(a)</sup><br>|
| 165156 | &nbsp;&nbsp;&nbsp; Series 2022-2A, Class B, 4.74%, due 1/25/2037<br> &nbsp;&nbsp; 165178<br> <sup>(a)</sup><br>|
| 67803 | &nbsp;&nbsp;&nbsp; Series 2023-1A, Class C, 6.94%, due 1/25/2038<br> &nbsp;&nbsp; 70002<br> <sup>(a)</sup><br>|
| 132760 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 5.99%, due 3/25/2038<br> &nbsp;&nbsp; 134641<br> <sup>(a)</sup><br>|
| 86672 | &nbsp;&nbsp;&nbsp; Series 2024-1B, Class A, 5.75%, due 9/15/2039<br> &nbsp;&nbsp; 88599<br> <sup>(a)</sup><br>|
| 64138 | &nbsp;&nbsp;&nbsp; Series 2024-1B, Class B, 5.99%, due 9/15/2039<br> &nbsp;&nbsp; 65553<br> <sup>(a)</sup><br>|
| 34669 | &nbsp;&nbsp;&nbsp; Series 2024-1B, Class C, 6.62%, due 9/15/2039<br> &nbsp;&nbsp; 35561<br> <sup>(a)</sup><br>|
| 204310 | &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, 4.98%, due 8/27/2040<br> &nbsp;&nbsp; 206371<br> <sup>(a)</sup><br>|
| 557541 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.52%, due 5/27/2042<br> &nbsp;&nbsp; 565145<br> <sup>(a)</sup><br>|
| 406636 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, 4.73%, due 5/25/2044<br> &nbsp;&nbsp; 407785<br> <sup>(a)</sup><br>|
| 191267 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 5.12%, due 5/25/2044<br> &nbsp;&nbsp; 192778<br> <sup>(a)</sup><br>|
| 1065000 | Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035<br> &nbsp;&nbsp; 1078576<br> <sup>(a)</sup><br>|
| 1620000 | Kinetic ABS Issuer LLC, Series 2026-1A, Class B, 5.56%, due 2/25/2056<br> &nbsp;&nbsp; 1620000<br> <sup>(a)</sup><br>|
| 436000 | Kubota Credit Owner Trust, Series 2025-1A, Class A3, 4.67%, due 6/15/2029<br> &nbsp;&nbsp; 442049<br> <sup>(a)</sup><br>|
| 698327 | Lyra Music Assets Delaware LP, Series 2025-1A, Class A2, 5.60%, due 9/20/2065<br> &nbsp;&nbsp; 705229<br> <sup>(a)</sup><br>|
|  | MetroNet Infrastructure Issuer LLC |
| 1315000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2, 5.40%, due 8/20/2055<br> &nbsp;&nbsp; 1334505<br> <sup>(a)</sup><br>|
| 335000 | &nbsp;&nbsp;&nbsp; Series 2025-4A, Class B, 5.60%, due 12/20/2055<br> &nbsp;&nbsp; 335344<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | |
|:---|:---|
| **Principal Amount** | **Principal Amount** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** |
|  | MidOcean Credit CLO XXI |
| $2000000 | &nbsp;&nbsp;&nbsp; Series 2025-21A, Class A1, (3 mo. USD Term SOFR + 1.26%), 5.12%, due 10/20/2038<br> &nbsp;&nbsp; $2006972<br> <sup>(a)(c)</sup><br>|
| 3125000 | &nbsp;&nbsp;&nbsp; Series 2025-21A, Class D1, (3 mo. USD Term SOFR + 2.80%), 6.66%, due 10/20/2038<br> &nbsp;&nbsp; 3151717<br> <sup>(a)(c)</sup><br>|
|  | MVW LLC |
| 1038064 | &nbsp;&nbsp;&nbsp; Series 2021-2A, Class A, 1.43%, due 5/20/2039<br> &nbsp;&nbsp; 987250<br> <sup>(a)</sup><br>|
| 94945 | &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, 1.83%, due 5/20/2039<br> &nbsp;&nbsp; 90522<br> <sup>(a)</sup><br>|
| 35812 | &nbsp;&nbsp;&nbsp; Series 2021-1WA, Class B, 1.44%, due 1/22/2041<br> &nbsp;&nbsp; 34754<br> <sup>(a)</sup><br>|
| 155204 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, 4.58%, due 3/20/2042<br> &nbsp;&nbsp; 154754<br> <sup>(a)</sup><br>|
| 99871 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 4.92%, due 3/20/2042<br> &nbsp;&nbsp; 99701<br> <sup>(a)</sup><br>|
| 129304 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.21%, due 9/22/2042<br> &nbsp;&nbsp; 131074<br> <sup>(a)</sup><br>|
| 105210 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.75%, due 9/22/2042<br> &nbsp;&nbsp; 106052<br> <sup>(a)</sup><br>|
| 101478 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, 5.51%, due 2/20/2043<br> &nbsp;&nbsp; 103059<br> <sup>(a)</sup><br>|
| 56952 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, 6.20%, due 2/20/2043<br> &nbsp;&nbsp; 58219<br> <sup>(a)</sup><br>|
| 582501 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 4.97%, due 10/20/2044<br> &nbsp;&nbsp; 582478<br> <sup>(a)</sup><br>|
| 172511 | NRM FNT1 Excess LLC, Series 2024-FNT1, Class A, 7.40%, due 11/25/2031<br> &nbsp;&nbsp; 175632<br> <sup>(a)</sup><br>|
| 1200000 | &nbsp;&nbsp; Oaktree CLO Ltd., Series 2022-3A, Class A1R, (3 mo. USD Term SOFR + 1.38%), 5.05%, due <br> 10/15/2037<br>&nbsp;&nbsp; 1204186<br> <sup>(a)(c)</sup><br>|
|  | OCP CLO Ltd. |
| 2400000 | &nbsp;&nbsp;&nbsp; Series 2021-21A, Class D1R, (3 mo. USD Term SOFR + 2.65%), 6.32%, due 1/20/2038<br> &nbsp;&nbsp; 2426015<br> <sup>(a)(c)</sup><br>|
| 2500000 | &nbsp;&nbsp;&nbsp; Series 2025-48A, Class A, (3 mo. USD Term SOFR + 1.20%), 4.91%, due 12/15/2038<br> &nbsp;&nbsp; 2507879<br> <sup>(a)(c)</sup><br>|
| 2500000 | &nbsp;&nbsp;&nbsp; Series 2025-48A, Class D1, (3 mo. USD Term SOFR + 2.45%), 6.16%, due 12/15/2038<br> &nbsp;&nbsp; 2515120<br> <sup>(a)(c)</sup><br>|
| 3000000 | &nbsp;&nbsp; OHA Credit Partners VII Ltd., Series 2012-7A, Class D1R4, (3 mo. USD Term SOFR + 2.50%), <br> 6.39%, due 2/20/2038<br>&nbsp;&nbsp; 3016435<br> <sup>(a)(c)</sup><br>|
|  | OneMain Financial Issuance Trust |
| 38510 | &nbsp;&nbsp;&nbsp; Series 2022-2A, Class A, 4.89%, due 10/14/2034<br> &nbsp;&nbsp; 38533<br> <sup>(a)</sup><br>|
| 1250000 | &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A1, 5.84%, due 9/15/2036<br> &nbsp;&nbsp; 1275209<br> <sup>(a)</sup><br>|
| 407538 | OWN Equipment Fund I LLC, Series 2024-2M, Class A, 5.70%, due 12/20/2032<br> &nbsp;&nbsp; 413020<br> <sup>(a)</sup><br>|
| 1000000 | &nbsp;&nbsp; Palmer Square CLO Ltd., Series 2024-4A, Class D1, (3 mo. USD Term SOFR + 2.65%), 6.32%, due <br> 1/15/2038<br>&nbsp;&nbsp; 1004978<br> <sup>(a)(c)</sup><br>|
| 1600000 | &nbsp;&nbsp; Rad CLO 18 Ltd., Series 2023-18A, Class D1R, (3 mo. USD Term SOFR + 3.30%), 6.97%, due <br> 7/15/2037<br>&nbsp;&nbsp; 1612600<br> <sup>(a)(c)</sup><br>|
| 715328 | RCKT Trust, Series 2025-2A, Class A, 4.48%, due 11/27/2034<br> &nbsp;&nbsp; 716067<br> <sup>(a)</sup><br>|
| 1200000 | &nbsp;&nbsp; Regatta XXVIII Funding Ltd., Series 2024-2A, Class A1, (3 mo. USD Term SOFR + 1.55%), 5.22%, <br> due 4/25/2037<br>&nbsp;&nbsp; 1202760<br> <sup>(a)(c)</sup><br>|
|  | Sierra Timeshare Receivables Funding LLC |
| 914498 | &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A, 3.05%, due 10/20/2038<br> &nbsp;&nbsp; 908392<br> <sup>(a)</sup><br>|
| 66962 | &nbsp;&nbsp;&nbsp; Series 2022-1A, Class C, 3.94%, due 10/20/2038<br> &nbsp;&nbsp; 66437<br> <sup>(a)</sup><br>|
| 72771 | &nbsp;&nbsp;&nbsp; Series 2023-1A, Class C, 7.00%, due 1/20/2040<br> &nbsp;&nbsp; 74704<br> <sup>(a)</sup><br>|
| 71642 | &nbsp;&nbsp;&nbsp; Series 2023-2A, Class C, 7.30%, due 4/20/2040<br> &nbsp;&nbsp; 74179<br> <sup>(a)</sup><br>|
| 40948 | &nbsp;&nbsp;&nbsp; Series 2022-2A, Class B, 5.04%, due 6/20/2040<br> &nbsp;&nbsp; 41080<br> <sup>(a)</sup><br>|
| 63494 | &nbsp;&nbsp;&nbsp; Series 2023-3A, Class B, 6.44%, due 9/20/2040<br> &nbsp;&nbsp; 65490<br> <sup>(a)</sup><br>|
| 374425 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, 5.14%, due 6/20/2041<br> &nbsp;&nbsp; 379626<br> <sup>(a)</sup><br>|
| 79461 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, 5.83%, due 6/20/2041<br> &nbsp;&nbsp; 80577<br> <sup>(a)</sup><br>|
| 166846 | &nbsp;&nbsp;&nbsp; Series 2024-3A, Class C, 5.32%, due 8/20/2041<br> &nbsp;&nbsp; 167622<br> <sup>(a)</sup><br>|
| 232155 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.81%, due 1/21/2042<br> &nbsp;&nbsp; 233407<br> <sup>(a)</sup><br>|
| 153545 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, 5.94%, due 1/20/2043<br> &nbsp;&nbsp; 155730<br> <sup>(a)</sup><br>|
| 233193 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, 4.93%, due 4/20/2044<br> &nbsp;&nbsp; 234719<br> <sup>(a)</sup><br>|
| 151611 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 5.32%, due 4/20/2044<br> &nbsp;&nbsp; 152058<br> <sup>(a)</sup><br>|
| 219897 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class B, 4.64%, due 8/22/2044<br> &nbsp;&nbsp; 219998<br> <sup>(a)</sup><br>|
| 287558 | &nbsp;&nbsp;&nbsp; Series 2025-3A, Class C, 4.98%, due 8/22/2044<br> &nbsp;&nbsp; 287158<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** | **Other – cont'd** |
| $1000000 | &nbsp;&nbsp; Signal Peak CLO 8 Ltd., Series 2020-8A, Class A1R, (3 mo. USD Term SOFR + 1.39%), 5.06%, due <br> 10/20/2037<br>| &nbsp;&nbsp; $1003562<br> <sup>(a)(c)</sup><br>|
| 904000 | SoFi Consumer Loan Program Trust, Series 2026-1, Class D, 5.06%, due 12/26/2035 | &nbsp;&nbsp; 906809<br> <sup>(a)</sup><br>|
|  | Sotheby's Artfi Master Trust |  |
| 634000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A1, 6.43%, due 12/22/2031 | &nbsp;&nbsp; 635359<br> <sup>(a)</sup><br>|
| 977000 | &nbsp;&nbsp;&nbsp; Series 2026-1A, Class C, 5.00%, due 6/20/2033 | &nbsp;&nbsp; 977687<br> <sup>(a)(d)</sup><br>|
|  | Stack Infrastructure Issuer LLC |  |
| 590000 | &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2, 5.90%, due 7/25/2048 | &nbsp;&nbsp; 592335<br> <sup>(a)</sup><br>|
| 548000 | &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A2, 5.90%, due 10/25/2048 | &nbsp;&nbsp; 552150<br> <sup>(a)</sup><br>|
| 605000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 5.00%, due 5/25/2050 | &nbsp;&nbsp; 597551<br> <sup>(a)</sup><br>|
| 1106000 | Summit Issuer LLC, Series 2025-1A, Class A2, 5.21%, due 11/20/2055 | &nbsp;&nbsp; 1114650<br> <sup>(a)</sup><br>|
| 2000000 | &nbsp;&nbsp; Symphony CLO 51 Ltd., Series 2025-51A, Class A, (3 mo. USD Term SOFR + 1.22%), 4.89%, due <br> 1/28/2039<br>| &nbsp;&nbsp; 2005804<br> <sup>(a)(c)</sup><br>|
| 191588 | Taco Bell Funding LLC, Series 2021-1A, Class A2I, 1.95%, due 8/25/2051 | &nbsp;&nbsp; 187092<br> <sup>(a)</sup><br>|
| 219744 | Tesla Sustainable Energy Trust, Series 2024-1A, Class A2, 5.08%, due 6/21/2050 | &nbsp;&nbsp; 220493<br> <sup>(a)</sup><br>|
| 1500000 | &nbsp;&nbsp; Texas Debt Capital CLO Ltd., Series 2023-1A, Class A1R, (3 mo. USD Term SOFR + 1.30%), 4.97%, <br> due 7/20/2038<br>| &nbsp;&nbsp; 1507504<br> <sup>(a)(c)</sup><br>|
| 500000 | &nbsp;&nbsp; TICP CLO VII Ltd., Series 2017-7A, Class DR, (3 mo. USD Term SOFR + 3.46%), 7.13%, due <br> 4/15/2033<br>| &nbsp;&nbsp; 501229<br> <sup>(a)(c)</sup><br>|
|  | T-Mobile U.S. Trust |  |
| 1350000 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, 4.25%, due 5/21/2029 | &nbsp;&nbsp; 1355995<br> <sup>(a)</sup><br>|
| 330000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, 4.74%, due 11/20/2029 | &nbsp;&nbsp; 334479<br> <sup>(a)</sup><br>|
| 615000 | Trafigura Securitisation Finance PLC, Series 2024-1A, Class A2, 5.98%, due 11/15/2027 | &nbsp;&nbsp; 622170<br> <sup>(a)</sup><br>|
| 1500000 | &nbsp;&nbsp; Trestles CLO III Ltd., Series 2020-3A, Class D1R, (3 mo. USD Term SOFR + 3.15%), 6.82%, due <br> 10/20/2037<br>| &nbsp;&nbsp; 1515912<br> <sup>(a)(c)</sup><br>|
| 1000000 | &nbsp;&nbsp; Trestles CLO IX Ltd., Series 2025-9A, Class D1, (3 mo. USD Term SOFR + 2.65%), 6.52%, due <br> 1/15/2039<br>| &nbsp;&nbsp; 1007695<br> <sup>(a)(c)</sup><br>|
| 2400000 | &nbsp;&nbsp; Trestles CLO VI Ltd., Series 2023-6A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 4.85%, due <br> 4/25/2038<br>| &nbsp;&nbsp; 2406335<br> <sup>(a)(c)</sup><br>|
| 2000000 | &nbsp;&nbsp; Trinitas CLO XXXVII Ltd., Series 2025-37A, Class D, (3 mo. USD Term SOFR + 2.95%), 6.62%, due <br> 1/22/2039<br>| &nbsp;&nbsp; 2010213<br> <sup>(a)(c)</sup><br>|
|  | Uniti Fiber ABS Issuer LLC |  |
| 266000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 5.88%, due 4/20/2055 | &nbsp;&nbsp; 272207<br> <sup>(a)</sup><br>|
| 735000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 6.37%, due 4/20/2055 | &nbsp;&nbsp; 753797<br> <sup>(a)</sup><br>|
|  | Vantage Data Centers Issuer LLC |  |
| 680000 | &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2, 2.17%, due 10/15/2046 | &nbsp;&nbsp; 667992<br> <sup>(a)</sup><br>|
| 896000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2, 5.24%, due 11/15/2055 | &nbsp;&nbsp; 889218<br> <sup>(a)</sup><br>|
| 1048000 | Vantage Data Centers LLC, Series 2025-1A, Class A2, 5.13%, due 8/15/2055 | &nbsp;&nbsp; 1039659<br> <sup>(a)</sup><br>|
|  | Verizon Master Trust |  |
| 965000 | &nbsp;&nbsp;&nbsp; Series 2025-7, Class A1A, 3.96%, due 8/20/2031 | &nbsp;&nbsp; 967470 |
| 1350000 | &nbsp;&nbsp;&nbsp; Series 2023-6, Class A, 5.35%, due 9/22/2031 | &nbsp;&nbsp; 1398437<br> <sup>(a)</sup><br>|
| 144669 | Volofin Finance DAC, Series 2024-1A, Class A, 5.94%, due 6/15/2037 | &nbsp;&nbsp; 147298<br> <sup>(a)</sup><br>|
| 3000000 | Voya CLO Ltd., Series 2025-5A, Class A1, (1.20% - 3 mo. USD Term SOFR), 0.00%, due 1/15/2039 | &nbsp;&nbsp; 3000888<br> <sup>(a)(c)(d)</sup><br>|
| 1200000 | &nbsp;&nbsp; Wellington Management CLO 1 Ltd., Series 2023-1A, Class AR, (3 mo. USD Term SOFR + 1.23%), <br> 4.90%, due 10/20/2038<br>| &nbsp;&nbsp; 1204386<br> <sup>(a)(c)</sup><br>|
| 244826 | Willis Engine Structured Trust VIII, Series 2025-A, Class B, 6.07%, due 6/15/2050 | &nbsp;&nbsp; 248029<br> <sup>(a)</sup><br>|
|  | Wireless PropCo Funding LLC |  |
| 150000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 4.07%, due 6/25/2055 | &nbsp;&nbsp; 144551<br> <sup>(a)</sup><br>|
| 388000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 4.30%, due 6/25/2055 | &nbsp;&nbsp; 371146<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **114579573** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Real Estate Investment Trusts 0.1%** | **Real Estate Investment Trusts 0.1%** | **Real Estate Investment Trusts 0.1%** |
| $432000 | American Tower Trust 1, 5.49%, due 3/15/2053 | &nbsp;&nbsp; **$439355**<br> <sup>(a)</sup><br>|
| **Student Loan 1.2%** | **Student Loan 1.2%** | **Student Loan 1.2%** |
|  | Bayview Opportunity Master Fund VII LLC |  |
| 62891 | &nbsp;&nbsp;&nbsp; Series 2024-EDU1, Class C, (30 day USD SOFR Average + 1.80%), 5.50%, due 6/25/2047 | &nbsp;&nbsp; 62786<br> <sup>(a)(c)</sup><br>|
| 26205 | &nbsp;&nbsp;&nbsp; Series 2024-EDU1, Class D, (30 day USD SOFR Average + 2.75%), 6.45%, due 6/25/2047 | &nbsp;&nbsp; 26596<br> <sup>(a)(c)</sup><br>|
| 224032 | &nbsp;&nbsp;&nbsp; Series 2025-EDU1, Class A, (30 day USD SOFR Average + 1.30%), 5.00%, due 7/27/2048 | &nbsp;&nbsp; 224434<br> <sup>(a)(c)</sup><br>|
| 500935 | &nbsp;&nbsp;&nbsp; Series 2025-EDU1, Class B, (30 day USD SOFR Average + 1.70%), 5.40%, due 7/27/2048 | &nbsp;&nbsp; 500934<br> <sup>(a)(c)</sup><br>|
| 387127 | &nbsp;&nbsp;&nbsp; Series 2025-EDU1, Class C, (30 day USD SOFR Average + 1.80%), 5.50%, due 7/27/2048 | &nbsp;&nbsp; 387128<br> <sup>(a)(c)</sup><br>|
|  | Navient Private Education Refi Loan Trust |  |
| 2336787 | &nbsp;&nbsp;&nbsp; Series 2020-HA, Class A, 1.31%, due 1/15/2069 | &nbsp;&nbsp; 2229204<br> <sup>(a)</sup><br>|
| 120541 | &nbsp;&nbsp;&nbsp; Series 2021-A, Class A, 0.84%, due 5/15/2069 | &nbsp;&nbsp; 111275<br> <sup>(a)</sup><br>|
| 386098 | &nbsp;&nbsp;&nbsp; Series 2021-BA, Class A, 0.94%, due 7/15/2069 | &nbsp;&nbsp; 354097<br> <sup>(a)</sup><br>|
| 199885 | &nbsp;&nbsp;&nbsp; Series 2020-FA, Class A, 1.22%, due 7/15/2069 | &nbsp;&nbsp; 189727<br> <sup>(a)</sup><br>|
| 1431557 | &nbsp;&nbsp;&nbsp; Series 2021-CA, Class A, 1.06%, due 10/15/2069 | &nbsp;&nbsp; 1318062<br> <sup>(a)</sup><br>|
| 2548268 | &nbsp;&nbsp;&nbsp; Series 2021-EA, Class A, 0.97%, due 12/16/2069 | &nbsp;&nbsp; 2313206<br> <sup>(a)</sup><br>|
| 371110 | &nbsp;&nbsp;&nbsp; Series 2021-FA, Class A, 1.11%, due 2/18/2070 | &nbsp;&nbsp; 334271<br> <sup>(a)</sup><br>|
| 1078312 | &nbsp;&nbsp;&nbsp; Series 2021-GA, Class A, 1.58%, due 4/15/2070 | &nbsp;&nbsp; 984747<br> <sup>(a)</sup><br>|
| 688029 | &nbsp;&nbsp;&nbsp; Series 2024-A, Class A, 5.66%, due 10/15/2072 | &nbsp;&nbsp; 705164<br> <sup>(a)</sup><br>|
| 490000 | SoFi Professional Loan Program LLC, Series 2018-C, Class BFX, 4.13%, due 1/25/2048 | &nbsp;&nbsp; 476199<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **10217830** |
| **Total Asset-Backed Securities (Cost $153,160,996)** | **Total Asset-Backed Securities (Cost $153,160,996)** | &nbsp;&nbsp; **154000901** |
| **Corporate Bonds 34.2%** | **Corporate Bonds 34.2%** | **Corporate Bonds 34.2%** |
| **Advertising 0.1%** | **Advertising 0.1%** | **Advertising 0.1%** |
|  | Clear Channel Outdoor Holdings, Inc. |  |
| 385000 | &nbsp;&nbsp;&nbsp; 7.88%, due 4/1/2030 | &nbsp;&nbsp; 405354<br> <sup>(a)</sup><br>|
| 185000 | &nbsp;&nbsp;&nbsp; 7.13%, due 2/15/2031 | &nbsp;&nbsp; 192918<br> <sup>(a)</sup><br>|
| 495000 | Neptune Bidco U.S., Inc., 9.29%, due 4/15/2029 | &nbsp;&nbsp; 508269<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1106541** |
| **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** | **Aerospace & Defense 1.6%** |
| 1205000 | AAR Escrow Issuer LLC, 6.75%, due 3/15/2029 | &nbsp;&nbsp; 1247165<br> <sup>(a)</sup><br>|
|  | Boeing Co. |  |
| 3880000 | &nbsp;&nbsp;&nbsp; 2.70%, due 2/1/2027 | &nbsp;&nbsp; 3833469 |
| 4200000 | &nbsp;&nbsp;&nbsp; 6.30%, due 5/1/2029 | &nbsp;&nbsp; 4461334 |
| 285000 | Bombardier, Inc., 7.25%, due 7/1/2031 | &nbsp;&nbsp; 302574<br> <sup>(a)</sup><br>|
| 1972000 | General Electric Co., (3 mo. USD Term SOFR + 0.64%), 4.54%, due 5/5/2026 | &nbsp;&nbsp; 1974051<br> <sup>(c)</sup><br>|
| 355000 | Goat Holdco LLC, 6.75%, due 2/1/2032 | &nbsp;&nbsp; 364593<br> <sup>(a)</sup><br>|
|  | TransDigm, Inc. |  |
| 215000 | &nbsp;&nbsp;&nbsp; 4.88%, due 5/1/2029 | &nbsp;&nbsp; 214606 |
| 670000 | &nbsp;&nbsp;&nbsp; 6.63%, due 3/1/2032 | &nbsp;&nbsp; 692762<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **13090554** |
| **Agriculture 0.5%** | **Agriculture 0.5%** | **Agriculture 0.5%** |
| 3685000 | Imperial Brands Finance PLC, 4.50%, due 6/30/2028 | &nbsp;&nbsp; **3718039**<br> <sup>(a)</sup><br>|
| **Airlines 0.7%** | **Airlines 0.7%** | **Airlines 0.7%** |
| 970000 | American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, due 4/20/2029 | &nbsp;&nbsp; 980092<br> <sup>(a)</sup><br>|
| 4580000 | Delta Air Lines, Inc., 4.95%, due 7/10/2028 | &nbsp;&nbsp; 4658482 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Airlines – cont'd** | **Airlines – cont'd** | **Airlines – cont'd** | **Airlines – cont'd** |
| $| 125000 | United Airlines Holdings, Inc., 5.38%, due 3/1/2031 | &nbsp;&nbsp; $126241<br> <sup>(d)</sup><br>|
|  |  |  | &nbsp;&nbsp; **5764815** |
| **Auto Manufacturers 0.3%** | **Auto Manufacturers 0.3%** | **Auto Manufacturers 0.3%** | **Auto Manufacturers 0.3%** |
|  |  | Ford Motor Credit Co. LLC |  |
|  | 45000 | &nbsp;&nbsp;&nbsp; 6.95%, due 6/10/2026 | &nbsp;&nbsp; 45346 |
|  | 390000 | &nbsp;&nbsp;&nbsp; 7.35%, due 11/4/2027 | &nbsp;&nbsp; 407312 |
|  | 130000 | &nbsp;&nbsp;&nbsp; 6.80%, due 5/12/2028 | &nbsp;&nbsp; 136038 |
|  | 320000 | &nbsp;&nbsp;&nbsp; 2.90%, due 2/10/2029 | &nbsp;&nbsp; 303261 |
|  | 470000 | Jaguar Land Rover Automotive PLC, 5.50%, due 7/15/2029 | &nbsp;&nbsp; 469610<br> <sup>(a)</sup><br>|
|  |  | Nissan Motor Acceptance Co. LLC |  |
|  | 440000 | &nbsp;&nbsp;&nbsp; 5.63%, due 9/29/2028 | &nbsp;&nbsp; 441509<br> <sup>(a)</sup><br>|
|  | 360000 | &nbsp;&nbsp;&nbsp; 6.13%, due 9/30/2030 | &nbsp;&nbsp; 359001<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2162077** |
| **Auto Parts & Equipment 0.2%** | **Auto Parts & Equipment 0.2%** | **Auto Parts & Equipment 0.2%** | **Auto Parts & Equipment 0.2%** |
|  | 400000 | Clarios Global LP/Clarios U.S. Finance Co., 6.75%, due 2/15/2030 | &nbsp;&nbsp; 418452<br> <sup>(a)</sup><br>|
|  | 160000 | Dana, Inc., 4.25%, due 9/1/2030 | &nbsp;&nbsp; 152838 |
|  | 530000 | IHO Verwaltungs GmbH, 6.38% Cash/7.13% PIK, due 5/15/2029 | &nbsp;&nbsp; 536329<br> <sup>(a)(f)</sup><br>|
|  |  | ZF North America Capital, Inc. |  |
|  | 440000 | &nbsp;&nbsp;&nbsp; 6.88%, due 4/14/2028 | &nbsp;&nbsp; 454298<br> <sup>(a)</sup><br>|
|  | 190000 | &nbsp;&nbsp;&nbsp; 7.50%, due 3/24/2031 | &nbsp;&nbsp; 194748<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1756665** |
| **Banks 11.4%** | **Banks 11.4%** | **Banks 11.4%** | **Banks 11.4%** |
|  |  | Bank of America Corp. |  |
|  | 1620000 | &nbsp;&nbsp;&nbsp; 4.38%, due 1/27/2027 | &nbsp;&nbsp; 1611670<br> <sup>(g)(h)</sup><br>|
|  | 5070000 | &nbsp;&nbsp;&nbsp; 2.55%, due 2/4/2028 | &nbsp;&nbsp; 4998654<br> <sup>(g)</sup><br>|
|  | 4660000 | &nbsp;&nbsp;&nbsp; 4.62%, due 5/9/2029 | &nbsp;&nbsp; 4722483<br> <sup>(g)</sup><br>|
|  | 1640000 | Bank of New York Mellon Corp., 3.75%, due 12/20/2026 | &nbsp;&nbsp; 1613390<br> <sup>(g)(h)</sup><br>|
|  |  | Barclays PLC |  |
|  | 975000 | &nbsp;&nbsp;&nbsp; 5.67%, due 3/12/2028 | &nbsp;&nbsp; 991671<br> <sup>(g)</sup><br>|
|  | 2360000 | &nbsp;&nbsp;&nbsp; 4.84%, due 9/10/2028 | &nbsp;&nbsp; 2387357<br> <sup>(g)</sup><br>|
|  |  | Citigroup, Inc. |  |
|  | 1625000 | &nbsp;&nbsp;&nbsp; 4.15%, due 11/15/2026 | &nbsp;&nbsp; 1614030<br> <sup>(g)(h)</sup><br>|
|  | 5550000 | &nbsp;&nbsp;&nbsp; 4.79%, due 3/4/2029 | &nbsp;&nbsp; 5630221<br> <sup>(g)</sup><br>|
|  | 1855000 | &nbsp;&nbsp;&nbsp; 4.54%, due 9/19/2030 | &nbsp;&nbsp; 1870345<br> <sup>(g)</sup><br>|
|  | 1455000 | Fifth Third Bank NA, (Secured Overnight Financing Rate + 0.81%), 4.48%, due 1/28/2028 | &nbsp;&nbsp; 1457724<br> <sup>(c)</sup><br>|
|  |  | Goldman Sachs Group, Inc. |  |
|  | 1625000 | &nbsp;&nbsp;&nbsp; 4.13%, due 11/10/2026 | &nbsp;&nbsp; 1611756<br> <sup>(g)(h)</sup><br>|
|  | 1000000 | &nbsp;&nbsp;&nbsp; 1.43%, due 3/9/2027 | &nbsp;&nbsp; 997284<br> <sup>(g)</sup><br>|
|  | 2525000 | &nbsp;&nbsp;&nbsp; 1.54%, due 9/10/2027 | &nbsp;&nbsp; 2487432<br> <sup>(g)</sup><br>|
|  | 7185000 | &nbsp;&nbsp;&nbsp; 1.95%, due 10/21/2027 | &nbsp;&nbsp; 7077841<br> <sup>(g)</sup><br>|
|  |  | JPMorgan Chase & Co. |  |
|  | 1625000 | &nbsp;&nbsp;&nbsp; 3.65%, due 6/1/2026 | &nbsp;&nbsp; 1623587<br> <sup>(g)(h)</sup><br>|
|  | 9495000 | &nbsp;&nbsp;&nbsp; 4.92%, due 1/24/2029 | &nbsp;&nbsp; 9666456<br> <sup>(g)</sup><br>|
|  |  | Lloyds Banking Group PLC |  |
|  | 750000 | &nbsp;&nbsp;&nbsp; 5.46%, due 1/5/2028 | &nbsp;&nbsp; 759728<br> <sup>(g)</sup><br>|
|  | 2065000 | &nbsp;&nbsp;&nbsp; 5.09%, due 11/26/2028 | &nbsp;&nbsp; 2102451<br> <sup>(g)</sup><br>|
|  | 2305000 | M&T Bank Corp., 4.83%, due 1/16/2029 | &nbsp;&nbsp; 2342105<br> <sup>(g)</sup><br>|
|  | 815000 | Manufacturers & Traders Trust Co., 4.70%, due 1/27/2028 | &nbsp;&nbsp; 826306 |
|  | 3980000 | Mizuho Financial Group, Inc., (Secured Overnight Financing Rate + 1.25%), 4.92%, due 7/8/2031 | &nbsp;&nbsp; 4039164<br> <sup>(c)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** |
|  |  | Morgan Stanley |  |
| $| 2845000 | &nbsp;&nbsp;&nbsp; 1.59%, due 5/4/2027 | &nbsp;&nbsp; $2827139<br> <sup>(g)</sup><br>|
|  | 3490000 | &nbsp;&nbsp;&nbsp; 5.65%, due 4/13/2028 | &nbsp;&nbsp; 3555794<br> <sup>(g)</sup><br>|
|  | 1955000 | Morgan Stanley Bank NA, 5.02%, due 1/12/2029 | &nbsp;&nbsp; 1991628<br> <sup>(g)</sup><br>|
|  |  | PNC Financial Services Group, Inc. |  |
|  | 1645000 | &nbsp;&nbsp;&nbsp; 3.40%, due 9/15/2026 | &nbsp;&nbsp; 1619579<br> <sup>(g)(h)</sup><br>|
|  | 975000 | &nbsp;&nbsp;&nbsp; 4.08%, due 1/26/2029 | &nbsp;&nbsp; 976374<br> <sup>(g)</sup><br>|
|  | 350000 | State Street Corp., (Secured Overnight Financing Rate + 0.85%), 4.66%, due 8/3/2026 | &nbsp;&nbsp; 350876<br> <sup>(c)</sup><br>|
|  |  | Truist Bank |  |
|  | 2015000 | &nbsp;&nbsp;&nbsp; 4.67%, due 5/20/2027 | &nbsp;&nbsp; 2018331<br> <sup>(g)</sup><br>|
|  | 2905000 | &nbsp;&nbsp;&nbsp; 4.42%, due 7/24/2028 | &nbsp;&nbsp; 2921269<br> <sup>(g)</sup><br>|
|  | 1580000 | Truist Financial Corp., 5.10%, due 3/1/2030 | &nbsp;&nbsp; 1590267<br> <sup>(g)(h)</sup><br>|
|  | 1650000 | U.S. Bancorp, 3.70%, due 1/15/2027 | &nbsp;&nbsp; 1627039<br> <sup>(g)(h)</sup><br>|
|  | 2100000 | UBS Group AG, (Secured Overnight Financing Rate + 0.84%), 4.52%, due 12/23/2029 | &nbsp;&nbsp; 2101371<br> <sup>(a)(c)</sup><br>|
|  |  | Wells Fargo & Co. |  |
|  | 1620000 | &nbsp;&nbsp;&nbsp; 3.90%, due 3/15/2026 | &nbsp;&nbsp; 1618205<br> <sup>(g)(h)</sup><br>|
|  | 2885000 | &nbsp;&nbsp;&nbsp; 3.58%, due 5/22/2028 | &nbsp;&nbsp; 2869403<br> <sup>(g)</sup><br>|
|  | 5000000 | &nbsp;&nbsp;&nbsp; (Secured Overnight Financing Rate + 1.37%), 5.04%, due 4/23/2029 | &nbsp;&nbsp; 5083000<br> <sup>(c)</sup><br>|
|  | 1645000 | &nbsp;&nbsp;&nbsp; 5.15%, due 4/23/2031 | &nbsp;&nbsp; 1693873<br> <sup>(g)</sup><br>|
|  |  |  | &nbsp;&nbsp; **93275803** |
| **Building Materials 0.3%** | **Building Materials 0.3%** | **Building Materials 0.3%** | **Building Materials 0.3%** |
|  | 385000 | EMRLD Borrower LP/Emerald Co-Issuer, Inc., 6.63%, due 12/15/2030 | &nbsp;&nbsp; 398505<br> <sup>(a)</sup><br>|
|  | 305000 | JH North America Holdings, Inc., 5.88%, due 1/31/2031 | &nbsp;&nbsp; 310194<br> <sup>(a)</sup><br>|
|  | 1280000 | Knife River Corp., 7.75%, due 5/1/2031 | &nbsp;&nbsp; 1332800<br> <sup>(a)</sup><br>|
|  | 330000 | Standard Industries, Inc., 4.38%, due 7/15/2030 | &nbsp;&nbsp; 318355<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2359854** |
| **Chemicals 0.2%** | **Chemicals 0.2%** | **Chemicals 0.2%** | **Chemicals 0.2%** |
|  | 175000 | Celanese U.S. Holdings LLC, 7.00%, due 2/15/2031 | &nbsp;&nbsp; 179003 |
|  | 365000 | Olympus Water U.S. Holding Corp., 4.25%, due 10/1/2028 | &nbsp;&nbsp; 354763<br> <sup>(a)</sup><br>|
|  | 370000 | SCIH Salt Holdings, Inc., 4.88%, due 5/1/2028 | &nbsp;&nbsp; 369101<br> <sup>(a)</sup><br>|
|  |  | WR Grace Holdings LLC |  |
|  | 231000 | &nbsp;&nbsp;&nbsp; 4.88%, due 6/15/2027 | &nbsp;&nbsp; 231000<br> <sup>(a)</sup><br>|
|  | 390000 | &nbsp;&nbsp;&nbsp; 6.63%, due 8/15/2032 | &nbsp;&nbsp; 387846<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1521713** |
| **Commercial Services 0.6%** | **Commercial Services 0.6%** | **Commercial Services 0.6%** | **Commercial Services 0.6%** |
|  | 1240000 | Albion Financing 1 SARL/Aggreko Holdings, Inc., 7.00%, due 5/21/2030 | &nbsp;&nbsp; 1292405<br> <sup>(a)</sup><br>|
|  | 705000 | Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.88%, due 6/15/2030 | &nbsp;&nbsp; 732146<br> <sup>(a)</sup><br>|
|  | 190000 | Champions Financing, Inc., 8.75%, due 2/15/2029 | &nbsp;&nbsp; 184312<br> <sup>(a)</sup><br>|
|  | 385000 | EquipmentShare.com, Inc., 9.00%, due 5/15/2028 | &nbsp;&nbsp; 402342<br> <sup>(a)</sup><br>|
|  | 190000 | Garda World Security Corp., 6.50%, due 1/15/2031 | &nbsp;&nbsp; 194762<br> <sup>(a)</sup><br>|
|  |  | Herc Holdings, Inc. |  |
|  | 290000 | &nbsp;&nbsp;&nbsp; 6.63%, due 6/15/2029 | &nbsp;&nbsp; 300119<br> <sup>(a)</sup><br>|
|  | 780000 | &nbsp;&nbsp;&nbsp; 7.00%, due 6/15/2030 | &nbsp;&nbsp; 818659<br> <sup>(a)</sup><br>|
|  | 215000 | Veritiv Operating Co., 10.50%, due 11/30/2030 | &nbsp;&nbsp; 230211<br> <sup>(a)</sup><br>|
|  | 585000 | VM Consolidated, Inc., 5.50%, due 4/15/2029 | &nbsp;&nbsp; 575227<br> <sup>(a)</sup><br>|
|  | 360000 | Williams Scotsman, Inc., 6.63%, due 6/15/2029 | &nbsp;&nbsp; 372190<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **5102373** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Computers 0.2%** | **Computers 0.2%** | **Computers 0.2%** |
| $480000 | Fortress Intermediate 3, Inc., 7.50%, due 6/1/2031 | &nbsp;&nbsp; $488945<br> <sup>(a)</sup><br>|
| 1015000 | Science Applications International Corp., 4.88%, due 4/1/2028 | &nbsp;&nbsp; 1012431<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1501376** |
| **Cosmetics - Personal Care 0.0%**<sup>‡</sup> | **Cosmetics - Personal Care 0.0%**<sup>‡</sup> | **Cosmetics - Personal Care 0.0%**<sup>‡</sup> |
| 200000 | Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International U.S. LLC, 5.60%, due 1/15/2031 | &nbsp;&nbsp; **202437**<br> <sup>(a)</sup><br>|
| **Distribution - Wholesale 0.3%** | **Distribution - Wholesale 0.3%** | **Distribution - Wholesale 0.3%** |
| 240000 | Gates Corp., 6.88%, due 7/1/2029 | &nbsp;&nbsp; 249488<br> <sup>(a)</sup><br>|
| 530000 | Resideo Funding, Inc., 4.00%, due 9/1/2029 | &nbsp;&nbsp; 510534<br> <sup>(a)</sup><br>|
| 1655000 | Windsor Holdings III LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 1743936<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2503958** |
| **Diversified Financial Services 2.0%** | **Diversified Financial Services 2.0%** | **Diversified Financial Services 2.0%** |
| 4375000 | AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.88%, due 4/1/2028 | &nbsp;&nbsp; 4445369 |
| 6163000 | American Express Co., (Secured Overnight Financing Rate + 0.81%), 4.48%, due 7/20/2029 | &nbsp;&nbsp; 6182728<br> <sup>(c)</sup><br>|
|  | Azorra Finance Ltd. |  |
| 475000 | &nbsp;&nbsp;&nbsp; 7.75%, due 4/15/2030 | &nbsp;&nbsp; 499885<br> <sup>(a)</sup><br>|
| 150000 | &nbsp;&nbsp;&nbsp; 7.25%, due 1/15/2031 | &nbsp;&nbsp; 157101<br> <sup>(a)</sup><br>|
| 110000 | Freedom Mortgage Holdings LLC, 8.38%, due 4/1/2032 | &nbsp;&nbsp; 115069<br> <sup>(a)</sup><br>|
| 825000 | Global Aircraft Leasing Co. Ltd., 8.75%, due 9/1/2027 | &nbsp;&nbsp; 853983<br> <sup>(a)</sup><br>|
| 755000 | Jane Street Group/JSG Finance, Inc., 7.13%, due 4/30/2031 | &nbsp;&nbsp; 793817<br> <sup>(a)</sup><br>|
| 330000 | Navient Corp., 5.50%, due 3/15/2029 | &nbsp;&nbsp; 322773 |
|  | OneMain Finance Corp. |  |
| 620000 | &nbsp;&nbsp;&nbsp; 7.88%, due 3/15/2030 | &nbsp;&nbsp; 654014 |
| 400000 | &nbsp;&nbsp;&nbsp; 6.13%, due 5/15/2030 | &nbsp;&nbsp; 407758 |
| 825000 | PennyMac Financial Services, Inc., 7.13%, due 11/15/2030 | &nbsp;&nbsp; 851726<br> <sup>(a)</sup><br>|
| 270000 | Provident Funding Associates LP/PFG Finance Corp., 9.75%, due 9/15/2029 | &nbsp;&nbsp; 283203<br> <sup>(a)</sup><br>|
| 555000 | Rocket Cos., Inc., 6.13%, due 8/1/2030 | &nbsp;&nbsp; 568214<br> <sup>(a)</sup><br>|
| 180000 | Velocity Commercial Capital LLC, 9.38%, due 2/15/2031 | &nbsp;&nbsp; 182700<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **16318340** |
| **Electric 1.9%** | **Electric 1.9%** | **Electric 1.9%** |
| 740000 | Alpha Generation LLC, 6.75%, due 10/15/2032 | &nbsp;&nbsp; 767233<br> <sup>(a)</sup><br>|
| 5400000 | Constellation Energy Generation LLC, 3.90%, due 1/8/2028 | &nbsp;&nbsp; 5393647 |
| 2215000 | Dominion Energy, Inc., 4.60%, due 5/15/2028 | &nbsp;&nbsp; 2242604 |
| 890000 | &nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., (Secured Overnight Financing Rate Index + 0.80%), 4.63%, <br> due 2/4/2028<br>| &nbsp;&nbsp; 895180<br> <sup>(c)</sup><br>|
| 340000 | NRG Energy, Inc., 10.25%, due 3/15/2028 | &nbsp;&nbsp; 374422<br> <sup>(a)(g)(h)</sup><br>|
| 347764 | NYSEG Storm Funding LLC, 4.71%, due 5/1/2029 | &nbsp;&nbsp; 351493 |
| 3395000 | Pacific Gas & Electric Co., 5.00%, due 6/4/2028 | &nbsp;&nbsp; 3455920 |
| 430000 | Vistra Corp., 7.00%, due 12/15/2026 | &nbsp;&nbsp; 436503<br> <sup>(a)(g)(h)</sup><br>|
|  | Vistra Operations Co. LLC |  |
| 360000 | &nbsp;&nbsp;&nbsp; 7.75%, due 10/15/2031 | &nbsp;&nbsp; 380924<br> <sup>(a)</sup><br>|
| 590000 | &nbsp;&nbsp;&nbsp; 6.95%, due 10/15/2033 | &nbsp;&nbsp; 654227<br> <sup>(a)</sup><br>|
|  | XPLR Infrastructure Operating Partners LP |  |
| 140000 | &nbsp;&nbsp;&nbsp; 4.50%, due 9/15/2027 | &nbsp;&nbsp; 138727<br> <sup>(a)</sup><br>|
| 190000 | &nbsp;&nbsp;&nbsp; 7.25%, due 1/15/2029 | &nbsp;&nbsp; 196058<br> <sup>(a)</sup><br>|
| 190000 | &nbsp;&nbsp;&nbsp; 8.38%, due 1/15/2031 | &nbsp;&nbsp; 199580<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **15486518** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Electronics 0.1%** | **Electronics 0.1%** | **Electronics 0.1%** |
| $790000 | Imola Merger Corp., 4.75%, due 5/15/2029 | &nbsp;&nbsp; $777302<br> <sup>(a)</sup><br>|
| 265000 | Sensata Technologies BV, 5.88%, due 9/1/2030 | &nbsp;&nbsp; 268939<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1046241** |
| **Engineering & Construction 0.2%** | **Engineering & Construction 0.2%** | **Engineering & Construction 0.2%** |
| 260000 | Arcosa, Inc., 4.38%, due 4/15/2029 | &nbsp;&nbsp; 255586<br> <sup>(a)</sup><br>|
| 105000 | Artera Services LLC, 8.50%, due 2/15/2031 | &nbsp;&nbsp; 85349<br> <sup>(a)</sup><br>|
| 985000 | Global Infrastructure Solutions, Inc., 5.63%, due 6/1/2029 | &nbsp;&nbsp; 987047<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1327982** |
| **Entertainment 0.2%** | **Entertainment 0.2%** | **Entertainment 0.2%** |
| 100000 | Caesars Entertainment, Inc., 7.00%, due 2/15/2030 | &nbsp;&nbsp; 103262<br> <sup>(a)</sup><br>|
| 200000 | Churchill Downs, Inc., 5.75%, due 4/1/2030 | &nbsp;&nbsp; 201084<br> <sup>(a)</sup><br>|
| 295000 | Live Nation Entertainment, Inc., 4.75%, due 10/15/2027 | &nbsp;&nbsp; 294909<br> <sup>(a)</sup><br>|
| 230000 | Midwest Gaming Borrower LLC/Midwest Gaming Finance Corp., 4.88%, due 5/1/2029 | &nbsp;&nbsp; 225939<br> <sup>(a)</sup><br>|
| 200000 | SeaWorld Parks & Entertainment, Inc., 5.25%, due 8/15/2029 | &nbsp;&nbsp; 195523<br> <sup>(a)</sup><br>|
| 580000 | &nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp., 5.25%, <br> due 7/15/2029<br>| &nbsp;&nbsp; 556919 |
| 55000 | &nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC, 8.63%, due <br> 1/15/2032<br>| &nbsp;&nbsp; 56125<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1633761** |
| **Food 0.2%** | **Food 0.2%** | **Food 0.2%** |
| 1640000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 5.50%, due 3/31/2031 | &nbsp;&nbsp; 1642901<br> <sup>(a)</sup><br>|
| 200000 | Froneri Lux FinCo SARL, 6.00%, due 8/1/2032 | &nbsp;&nbsp; 202524<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1845425** |
| **Food Service 0.1%** | **Food Service 0.1%** | **Food Service 0.1%** |
| 855000 | TKC Holdings, Inc., 6.88%, due 5/15/2028 | &nbsp;&nbsp; **860923**<br> <sup>(a)</sup><br>|
| **Healthcare - Products 0.1%** | **Healthcare - Products 0.1%** | **Healthcare - Products 0.1%** |
| 530000 | Bausch & Lomb Corp., 8.38%, due 10/1/2028 | &nbsp;&nbsp; 552525<br> <sup>(a)</sup><br>|
| 570000 | Medline Borrower LP, 5.25%, due 10/1/2029 | &nbsp;&nbsp; 570985<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1123510** |
| **Healthcare - Services 0.2%** | **Healthcare - Services 0.2%** | **Healthcare - Services 0.2%** |
| 125000 | Acadia Healthcare Co., Inc., 5.50%, due 7/1/2028 | &nbsp;&nbsp; 123515<br> <sup>(a)</sup><br>|
| 400000 | LifePoint Health, Inc., 9.88%, due 8/15/2030 | &nbsp;&nbsp; 429134<br> <sup>(a)</sup><br>|
| 570000 | Star Parent, Inc., 9.00%, due 10/1/2030 | &nbsp;&nbsp; 601619<br> <sup>(a)</sup><br>|
| 200000 | UnitedHealth Group, Inc., (Secured Overnight Financing Rate + 0.50%), 4.17%, due 7/15/2026 | &nbsp;&nbsp; 200317<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **1354585** |
| **Home Builders 0.0%**<sup>‡</sup> | **Home Builders 0.0%**<sup>‡</sup> | **Home Builders 0.0%**<sup>‡</sup> |
| 145000 | LGI Homes, Inc., 4.00%, due 7/15/2029 | &nbsp;&nbsp; **133072**<br> <sup>(a)</sup><br>|
| **Insurance 1.0%** | **Insurance 1.0%** | **Insurance 1.0%** |
| 700000 | Acrisure LLC/Acrisure Finance, Inc., 7.50%, due 11/6/2030 | &nbsp;&nbsp; 724704<br> <sup>(a)</sup><br>|
| 500000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 7.00%, due 1/15/2031 | &nbsp;&nbsp; 518379<br> <sup>(a)</sup><br>|
| 240000 | AmWINS Group, Inc., 6.38%, due 2/15/2029 | &nbsp;&nbsp; 246260<br> <sup>(a)</sup><br>|
| 3825000 | Athene Global Funding, 4.95%, due 1/7/2027 | &nbsp;&nbsp; 3856620<br> <sup>(a)</sup><br>|
| 390000 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 7.13%, due <br> 5/15/2031<br>| &nbsp;&nbsp; 401046<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Insurance – cont'd** | **Insurance – cont'd** | **Insurance – cont'd** |
|  | HUB International Ltd. |  |
| 160000 | &nbsp;&nbsp;&nbsp; 5.63%, due 12/1/2029 | &nbsp;&nbsp; $159832<br> <sup>(a)</sup><br>|
| 520000 | &nbsp;&nbsp;&nbsp; 7.25%, due 6/15/2030 | &nbsp;&nbsp; 542544<br> <sup>(a)</sup><br>|
| 330000 | &nbsp;&nbsp;&nbsp; 7.38%, due 1/31/2032 | &nbsp;&nbsp; 345677<br> <sup>(a)</sup><br>|
| 1700000 | &nbsp;&nbsp; Principal Life Global Funding II, (Secured Overnight Financing Rate + 0.81%), 4.59%, due <br> 8/18/2028<br>| &nbsp;&nbsp; 1701683<br> <sup>(a)(c)</sup><br>|
|  |  | &nbsp;&nbsp; **8496745** |
| **Internet 1.0%** | **Internet 1.0%** | **Internet 1.0%** |
| 4885000 | Alphabet, Inc., (Secured Overnight Financing Rate + 0.52%), 4.32%, due 11/15/2028 | &nbsp;&nbsp; 4923583<br> <sup>(c)</sup><br>|
| 2300000 | Uber Technologies, Inc., 4.50%, due 8/15/2029 | &nbsp;&nbsp; 2290577<br> <sup>(a)</sup><br>|
| 1020000 | Wayfair LLC, 7.25%, due 10/31/2029 | &nbsp;&nbsp; 1066500<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **8280660** |
| **Iron - Steel 0.1%** | **Iron - Steel 0.1%** | **Iron - Steel 0.1%** |
| 500000 | Mineral Resources Ltd., 7.00%, due 4/1/2031 | &nbsp;&nbsp; **525478**<br> <sup>(a)</sup><br>|
| **Leisure Time 0.3%** | **Leisure Time 0.3%** | **Leisure Time 0.3%** |
| 505000 | NCL Corp. Ltd., 6.25%, due 3/1/2030 | &nbsp;&nbsp; 516141<br> <sup>(a)</sup><br>|
| 1315000 | Patrick Industries, Inc., 4.75%, due 5/1/2029 | &nbsp;&nbsp; 1301702<br> <sup>(a)</sup><br>|
| 160000 | Viking Cruises Ltd., 7.00%, due 2/15/2029 | &nbsp;&nbsp; 160645<br> <sup>(a)</sup><br>|
| 250000 | Viking Ocean Cruises Ship VII Ltd., 5.63%, due 2/15/2029 | &nbsp;&nbsp; 250011<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2228499** |
| **Machinery - Construction & Mining 0.2%** | **Machinery - Construction & Mining 0.2%** | **Machinery - Construction & Mining 0.2%** |
| 310000 | Manitowoc Co., Inc., 9.25%, due 10/1/2031 | &nbsp;&nbsp; 336693<br> <sup>(a)</sup><br>|
| 1485000 | Terex Corp., 5.00%, due 5/15/2029 | &nbsp;&nbsp; 1480303<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1816996** |
| **Machinery - Diversified 0.1%** | **Machinery - Diversified 0.1%** | **Machinery - Diversified 0.1%** |
| 1000000 | ATS Corp., 4.13%, due 12/15/2028 | &nbsp;&nbsp; **975653**<br> <sup>(a)</sup><br>|
| **Media 0.2%** | **Media 0.2%** | **Media 0.2%** |
|  | CCO Holdings LLC/CCO Holdings Capital Corp. |  |
| 28000 | &nbsp;&nbsp;&nbsp; 5.13%, due 5/1/2027 | &nbsp;&nbsp; 28012<br> <sup>(a)</sup><br>|
| 415000 | &nbsp;&nbsp;&nbsp; 6.38%, due 9/1/2029 | &nbsp;&nbsp; 418967<br> <sup>(a)</sup><br>|
| 400000 | &nbsp;&nbsp;&nbsp; 4.50%, due 8/15/2030 | &nbsp;&nbsp; 375936<br> <sup>(a)</sup><br>|
| 540000 | McGraw-Hill Education, Inc., 5.75%, due 8/1/2028 | &nbsp;&nbsp; 542393<br> <sup>(a)</sup><br>|
| 260000 | Sirius XM Radio LLC, 4.00%, due 7/15/2028 | &nbsp;&nbsp; 253973<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1619281** |
| **Metal Fabricate - Hardware 0.0%**<sup>‡</sup> | **Metal Fabricate - Hardware 0.0%**<sup>‡</sup> | **Metal Fabricate - Hardware 0.0%**<sup>‡</sup> |
| 60000 | Advanced Drainage Systems, Inc., 6.38%, due 6/15/2030 | &nbsp;&nbsp; **61346**<br> <sup>(a)</sup><br>|
| **Mining 0.1%** | **Mining 0.1%** | **Mining 0.1%** |
| 265000 | Constellium SE, 5.63%, due 6/15/2028 | &nbsp;&nbsp; 265233<br> <sup>(a)</sup><br>|
|  | Novelis Corp. |  |
| 200000 | &nbsp;&nbsp;&nbsp; 4.75%, due 1/30/2030 | &nbsp;&nbsp; 193866<br> <sup>(a)</sup><br>|
| 385000 | &nbsp;&nbsp;&nbsp; 6.88%, due 1/30/2030 | &nbsp;&nbsp; 399034<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **858133** |
| **Miscellaneous Manufacturer 0.1%** | **Miscellaneous Manufacturer 0.1%** | **Miscellaneous Manufacturer 0.1%** |
| 370000 | Avient Corp., 7.13%, due 8/1/2030 | &nbsp;&nbsp; **380584**<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Oil & Gas 1.1%** | **Oil & Gas 1.1%** | **Oil & Gas 1.1%** |
| $530000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., 5.88%, due 6/30/2029 | &nbsp;&nbsp; $533594<br> <sup>(a)</sup><br>|
| 545000 | Caturus Energy LLC, 8.50%, due 2/15/2030 | &nbsp;&nbsp; 568233<br> <sup>(a)</sup><br>|
| 220000 | Comstock Resources, Inc., 6.75%, due 3/1/2029 | &nbsp;&nbsp; 220273<br> <sup>(a)</sup><br>|
| 4825000 | Diamondback Energy, Inc., 5.20%, due 4/18/2027 | &nbsp;&nbsp; 4891782 |
|  | Hilcorp Energy I LP/Hilcorp Finance Co. |  |
| 220000 | &nbsp;&nbsp;&nbsp; 6.25%, due 11/1/2028 | &nbsp;&nbsp; 221806<br> <sup>(a)</sup><br>|
| 215000 | &nbsp;&nbsp;&nbsp; 5.75%, due 2/1/2029 | &nbsp;&nbsp; 215052<br> <sup>(a)</sup><br>|
| 1135000 | Permian Resources Operating LLC, 5.88%, due 7/1/2029 | &nbsp;&nbsp; 1138812<br> <sup>(a)</sup><br>|
| 415000 | SM Energy Co., 8.38%, due 7/1/2028 | &nbsp;&nbsp; 427159<br> <sup>(a)</sup><br>|
| 405000 | TGNR Intermediate Holdings LLC, 5.50%, due 10/15/2029 | &nbsp;&nbsp; 400770<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **8617481** |
| **Oil & Gas Services 0.2%** | **Oil & Gas Services 0.2%** | **Oil & Gas Services 0.2%** |
| 740000 | Kodiak Gas Services LLC, 7.25%, due 2/15/2029 | &nbsp;&nbsp; 767539<br> <sup>(a)</sup><br>|
| 385000 | Star Holding LLC, 8.75%, due 8/1/2031 | &nbsp;&nbsp; 385940<br> <sup>(a)</sup><br>|
| 530000 | USA Compression Partners LP/USA Compression Finance Corp., 7.13%, due 3/15/2029 | &nbsp;&nbsp; 548772<br> <sup>(a)</sup><br>|
| 270000 | WBI Operating LLC, 6.25%, due 10/15/2030 | &nbsp;&nbsp; 272025<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1974276** |
| **Packaging & Containers 0.3%** | **Packaging & Containers 0.3%** | **Packaging & Containers 0.3%** |
| 180000 | &nbsp;&nbsp; Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 3.25%, due <br> 9/1/2028<br>| &nbsp;&nbsp; 173135<br> <sup>(a)</sup><br>|
| 745000 | Graphic Packaging International LLC, 3.75%, due 2/1/2030 | &nbsp;&nbsp; 703657<br> <sup>(a)</sup><br>|
| 580000 | Mauser Packaging Solutions Holding Co., 7.88%, due 4/15/2030 | &nbsp;&nbsp; 590875<br> <sup>(a)</sup><br>|
| 135000 | Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, due 2/15/2031 | &nbsp;&nbsp; 140572<br> <sup>(a)</sup><br>|
| 738000 | Trivium Packaging Finance BV, 8.25%, due 7/15/2030 | &nbsp;&nbsp; 787501<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2395740** |
| **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** | **Pharmaceuticals 1.9%** |
| 200000 | AdaptHealth LLC, 6.13%, due 8/1/2028 | &nbsp;&nbsp; 200731<br> <sup>(a)</sup><br>|
| 5280000 | CVS Health Corp., 4.30%, due 3/25/2028 | &nbsp;&nbsp; 5297283 |
| 90000 | Grifols SA, 4.75%, due 10/15/2028 | &nbsp;&nbsp; 88667<br> <sup>(a)</sup><br>|
| 6410000 | Novartis Capital Corp., (Secured Overnight Financing Rate + 0.52%), 4.34%, due 11/5/2028 | &nbsp;&nbsp; 6444252<br> <sup>(c)</sup><br>|
| 3655000 | Pfizer, Inc., (Secured Overnight Financing Rate + 0.50%), 4.27%, due 11/15/2027 | &nbsp;&nbsp; 3669524<br> <sup>(c)</sup><br>|
|  |  | &nbsp;&nbsp; **15700457** |
| **Pipelines 1.7%** | **Pipelines 1.7%** | **Pipelines 1.7%** |
| 530000 | Antero Midstream Partners LP/Antero Midstream Finance Corp., 5.38%, due 6/15/2029 | &nbsp;&nbsp; 530918<br> <sup>(a)</sup><br>|
|  | Enbridge, Inc. |  |
| 360000 | &nbsp;&nbsp;&nbsp; 5.90%, due 11/15/2026 | &nbsp;&nbsp; 365083 |
| 1210000 | &nbsp;&nbsp;&nbsp; 4.60%, due 6/20/2028 | &nbsp;&nbsp; 1226732 |
| 1600000 | &nbsp;&nbsp;&nbsp; 4.20%, due 11/20/2028 | &nbsp;&nbsp; 1604325 |
|  | Energy Transfer LP |  |
| 980000 | &nbsp;&nbsp;&nbsp; 6.05%, due 12/1/2026 | &nbsp;&nbsp; 995574 |
| 2070000 | &nbsp;&nbsp;&nbsp; 5.55%, due 2/15/2028 | &nbsp;&nbsp; 2128870 |
| 390000 | Excelerate Energy LP, 8.00%, due 5/15/2030 | &nbsp;&nbsp; 417058<br> <sup>(a)</sup><br>|
| 485000 | Genesis Energy LP/Genesis Energy Finance Corp., 8.25%, due 1/15/2029 | &nbsp;&nbsp; 505601 |
| 2255000 | Kinder Morgan, Inc., 5.00%, due 2/1/2029 | &nbsp;&nbsp; 2313993 |
|  | Kinetik Holdings LP |  |
| 210000 | &nbsp;&nbsp;&nbsp; 6.63%, due 12/15/2028 | &nbsp;&nbsp; 216241<br> <sup>(a)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 5.88%, due 6/15/2030 | &nbsp;&nbsp; 202387<br> <sup>(a)</sup><br>|
| 1330000 | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., 6.00%, due 12/31/2030 | &nbsp;&nbsp; 1349651<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Pipelines – cont'd** | **Pipelines – cont'd** | **Pipelines – cont'd** | **Pipelines – cont'd** |
| $| 590000 | Venture Global LNG, Inc., 8.13%, due 6/1/2028 | &nbsp;&nbsp; $603981<br> <sup>(a)</sup><br>|
|  | 300000 | Venture Global Plaquemines LNG LLC, 6.13%, due 12/15/2030 | &nbsp;&nbsp; 308791<br> <sup>(a)</sup><br>|
|  | 695000 | Western Midstream Operating LP, 7.25%, due 4/1/2030 | &nbsp;&nbsp; 739621<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **13508826** |
| **Real Estate Investment Trusts 0.6%** | **Real Estate Investment Trusts 0.6%** | **Real Estate Investment Trusts 0.6%** | **Real Estate Investment Trusts 0.6%** |
|  | 845000 | American Tower Corp., 1.45%, due 9/15/2026 | &nbsp;&nbsp; 831899 |
|  | 230000 | Blackstone Mortgage Trust, Inc., 3.75%, due 1/15/2027 | &nbsp;&nbsp; 226954<br> <sup>(a)</sup><br>|
|  | 400000 | Brandywine Operating Partnership LP, 8.88%, due 4/12/2029 | &nbsp;&nbsp; 429773 |
|  | 390000 | Global Net Lease, Inc., 4.50%, due 9/30/2028 | &nbsp;&nbsp; 381892<br> <sup>(a)</sup><br>|
|  |  | Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer |  |
|  | 250000 | &nbsp;&nbsp;&nbsp; 5.88%, due 10/1/2028 | &nbsp;&nbsp; 250003<br> <sup>(a)</sup><br>|
|  | 465000 | &nbsp;&nbsp;&nbsp; 7.00%, due 2/1/2030 | &nbsp;&nbsp; 479075<br> <sup>(a)</sup><br>|
|  | 425000 | RLJ Lodging Trust LP, 4.00%, due 9/15/2029 | &nbsp;&nbsp; 403308<br> <sup>(a)</sup><br>|
|  |  | Starwood Property Trust, Inc. |  |
|  | 360000 | &nbsp;&nbsp;&nbsp; 7.25%, due 4/1/2029 | &nbsp;&nbsp; 379664<br> <sup>(a)</sup><br>|
|  | 330000 | &nbsp;&nbsp;&nbsp; 6.50%, due 7/1/2030 | &nbsp;&nbsp; 343650<br> <sup>(a)</sup><br>|
|  |  | XHR LP |  |
|  | 790000 | &nbsp;&nbsp;&nbsp; 4.88%, due 6/1/2029 | &nbsp;&nbsp; 778776<br> <sup>(a)</sup><br>|
|  | 540000 | &nbsp;&nbsp;&nbsp; 6.63%, due 5/15/2030 | &nbsp;&nbsp; 557686<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **5062680** |
| **Retail 0.3%** | **Retail 0.3%** | **Retail 0.3%** | **Retail 0.3%** |
|  | 330000 | Bath & Body Works, Inc., 6.63%, due 10/1/2030 | &nbsp;&nbsp; 337954<br> <sup>(a)</sup><br>|
|  | 1385000 | Group 1 Automotive, Inc., 6.38%, due 1/15/2030 | &nbsp;&nbsp; 1421731<br> <sup>(a)</sup><br>|
|  | 230000 | Nordstrom, Inc., 4.00%, due 3/15/2027 | &nbsp;&nbsp; 227259 |
|  | 195000 | Petco Health & Wellness Co., Inc., 8.25%, due 2/1/2031 | &nbsp;&nbsp; 195511<br> <sup>(a)(d)</sup><br>|
|  | 115000 | Staples, Inc., 10.75%, due 9/1/2029 | &nbsp;&nbsp; 113003<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2295458** |
| **Semiconductors 1.9%** | **Semiconductors 1.9%** | **Semiconductors 1.9%** | **Semiconductors 1.9%** |
|  |  | Broadcom, Inc. |  |
|  | 1760000 | &nbsp;&nbsp;&nbsp; 4.60%, due 7/15/2030 | &nbsp;&nbsp; 1784630 |
|  | 2500000 | &nbsp;&nbsp;&nbsp; 4.20%, due 10/15/2030 | &nbsp;&nbsp; 2492397 |
|  | 3350000 | &nbsp;&nbsp;&nbsp; 4.30%, due 1/15/2031 | &nbsp;&nbsp; 3347946 |
|  | 4345000 | Foundry JV Holdco LLC, 5.90%, due 1/25/2030 | &nbsp;&nbsp; 4554650<br> <sup>(a)</sup><br>|
|  | 3410000 | Intel Corp., 3.75%, due 8/5/2027 | &nbsp;&nbsp; 3396357 |
|  |  |  | &nbsp;&nbsp; **15575980** |
| **Software 0.2%** | **Software 0.2%** | **Software 0.2%** | **Software 0.2%** |
|  | 80000 | AthenaHealth Group, Inc., 6.50%, due 2/15/2030 | &nbsp;&nbsp; 77588<br> <sup>(a)</sup><br>|
|  | 630000 | Capstone Borrower, Inc., 8.00%, due 6/15/2030 | &nbsp;&nbsp; 585713<br> <sup>(a)</sup><br>|
|  | 730000 | Cloud Software Group, Inc., 6.50%, due 3/31/2029 | &nbsp;&nbsp; 725450<br> <sup>(a)</sup><br>|
|  | 120000 | CoreWeave, Inc., 9.25%, due 6/1/2030 | &nbsp;&nbsp; 118128<br> <sup>(a)</sup><br>|
|  | 340000 | Ellucian Holdings, Inc., 6.50%, due 12/1/2029 | &nbsp;&nbsp; 334578<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **1841457** |
| **Telecommunications 1.3%** | **Telecommunications 1.3%** | **Telecommunications 1.3%** | **Telecommunications 1.3%** |
|  |  | AT&T, Inc. |  |
|  | 1115000 | &nbsp;&nbsp;&nbsp; 1.65%, due 2/1/2028 | &nbsp;&nbsp; 1065992 |
|  | 2935000 | &nbsp;&nbsp;&nbsp; 4.70%, due 8/15/2030 | &nbsp;&nbsp; 2982969 |
|  | 2700000 | &nbsp;&nbsp;&nbsp; 4.55%, due 11/1/2032 | &nbsp;&nbsp; 2680789 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Telecommunications – cont'd** | **Telecommunications – cont'd** | **Telecommunications – cont'd** |
| 195000 | Fibercop SpA, 6.38%, due 11/15/2033 | &nbsp;&nbsp; $197488<br> <sup>(a)</sup><br>|
| 2425000 | Orange SA, 4.00%, due 1/13/2029 | &nbsp;&nbsp; 2426298<br> <sup>(a)</sup><br>|
| 130000 | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC, 4.75%, due 4/15/2028 | &nbsp;&nbsp; 129717<br> <sup>(a)</sup><br>|
| 645000 | Windstream Services LLC/Windstream Escrow Finance Corp., 8.25%, due 10/1/2031 | &nbsp;&nbsp; 675654<br> <sup>(a)</sup><br>|
| 241252 | Zayo Group Holdings, Inc., 9.25%, due 3/9/2030 | &nbsp;&nbsp; 235572<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **10394479** |
| **Transportation 0.1%** | **Transportation 0.1%** | **Transportation 0.1%** |
| 695000 | XPO, Inc., 7.13%, due 6/1/2031 | &nbsp;&nbsp; **721607**<br> <sup>(a)</sup><br>|
| **Trucking & Leasing 0.1%** | **Trucking & Leasing 0.1%** | **Trucking & Leasing 0.1%** |
|  | FTAI Aviation Investors LLC |  |
| 880000 | &nbsp;&nbsp;&nbsp; 5.50%, due 5/1/2028 | &nbsp;&nbsp; 880846<br> <sup>(a)</sup><br>|
| 160000 | &nbsp;&nbsp;&nbsp; 7.00%, due 5/1/2031 | &nbsp;&nbsp; 168347<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1049193** |
| **Total Corporate Bonds (Cost $277,762,114)** | **Total Corporate Bonds (Cost $277,762,114)** | &nbsp;&nbsp; **279577571** |
| **Loan Assignments**<sup>(c)</sup> **2.5%** | **Loan Assignments**<sup>(c)</sup> **2.5%** | **Loan Assignments**<sup>(c)</sup> **2.5%** |
| **Biotechnology 0.1%** | **Biotechnology 0.1%** | **Biotechnology 0.1%** |
| 1000000 | BioMarin Pharmaceutical, Inc., Term Loan B, (1 mo. USD Term SOFR), due 1/28/2033 | &nbsp;&nbsp; **1000000**<br> <sup>(i)(j)</sup><br>|
| **Capital Markets 0.1%** | **Capital Markets 0.1%** | **Capital Markets 0.1%** |
| 446475 | Jane Street Group LLC, Term Loan B1, (3 mo. USD Term SOFR + 2.00%), 5.82%, due 12/15/2031 | &nbsp;&nbsp; **442680** |
| **Chemicals 0.0%**<sup>‡</sup> | **Chemicals 0.0%**<sup>‡</sup> | **Chemicals 0.0%**<sup>‡</sup> |
| 328342 | &nbsp;&nbsp; Olympus Water U.S. Holding Corp., Term Loan, (3 mo. USD Term SOFR + 3.00%), 6.67%, due <br> 6/20/2031<br>| &nbsp;&nbsp; **323252** |
| **Commercial Services & Supplies 0.0%**<sup>‡</sup> | **Commercial Services & Supplies 0.0%**<sup>‡</sup> | **Commercial Services & Supplies 0.0%**<sup>‡</sup> |
| 435000 | &nbsp;&nbsp; Pye-Barker Fire & Safety LLC, Term Loan, (3 mo. USD Term SOFR + 2.25%), 6.20%, due <br> 12/16/2032<br>| &nbsp;&nbsp; **434817** |
| **Construction Materials 0.2%** | **Construction Materials 0.2%** | **Construction Materials 0.2%** |
| 500000 | Potters Industries LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.17%, due 12/23/2032 | &nbsp;&nbsp; 499220 |
| 882216 | Quikrete Holdings, Inc., Term Loan B1, (1 mo. USD Term SOFR + 2.25%), 5.92%, due 4/14/2031 | &nbsp;&nbsp; 882217 |
|  |  | &nbsp;&nbsp; **1381437** |
| **Containers & Packaging 0.1%** | **Containers & Packaging 0.1%** | **Containers & Packaging 0.1%** |
| 858241 | &nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc., Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.92%, due <br> 4/1/2032<br>| &nbsp;&nbsp; **853203** |
| **Health Care Equipment & Supplies 0.1%** | **Health Care Equipment & Supplies 0.1%** | **Health Care Equipment & Supplies 0.1%** |
| 850000 | Bausch & Lomb Corp., Term Loan, (1 mo. USD Term SOFR + 3.75%), 7.42%, due 1/15/2031 | &nbsp;&nbsp; **855312** |
| **Health Care Providers & Services 0.3%** | **Health Care Providers & Services 0.3%** | **Health Care Providers & Services 0.3%** |
| 436700 | CNT Holdings I Corp., Term Loan, (3 mo. USD Term SOFR + 2.25%), 6.17%, due 11/8/2032 | &nbsp;&nbsp; 435905 |
| 1000000 | Ensemble RCM LLC, Term Loan B, (1 mo. USD Term SOFR), due 1/28/2033 | &nbsp;&nbsp; 988750<br> <sup>(i)(j)(k)</sup><br>|
| 527337 | &nbsp;&nbsp; LifePoint Health, Inc., First Lien Term Loan B, (3 mo. USD Term SOFR + 3.75%), 7.42%, due <br> 5/19/2031<br>| &nbsp;&nbsp; 526789 |
| 422475 | Star Parent, Inc., Term Loan B, (3 mo. USD Term SOFR + 4.00%), 7.67%, due 9/27/2030 | &nbsp;&nbsp; 422551 |
|  |  | &nbsp;&nbsp; **2373995** |
| **Health Care Technology 0.1%** | **Health Care Technology 0.1%** | **Health Care Technology 0.1%** |
| 1000000 | Hologic, Inc., Term Loan B, (1 mo. USD Term SOFR), due 1/14/2033 | &nbsp;&nbsp; **992380**<br> <sup>(i)(j)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Independent Power & Renewable Electricity Producers 0.0%**<sup>‡</sup> | **Independent Power & Renewable Electricity Producers 0.0%**<sup>‡</sup> | **Independent Power & Renewable Electricity Producers 0.0%**<sup>‡</sup> |
| $402600 | &nbsp;&nbsp; Cogentrix Finance Holdco I LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%), 5.92%, due <br> 2/26/2032<br>| &nbsp;&nbsp; **$402350** |
| **Insurance 0.1%** | **Insurance 0.1%** | **Insurance 0.1%** |
| 446625 | &nbsp;&nbsp; Alliant Holdings Intermediate LLC, Term Loan B, (1 mo. USD Term SOFR + 2.50%), 6.17%, due <br> 9/19/2031<br>| &nbsp;&nbsp; 445089 |
| 335198 | HUB International Ltd., Term Loan B, (3 mo. USD Term SOFR + 2.25%), 5.92%, due 6/20/2030 | &nbsp;&nbsp; 334924 |
| 435589 | USI, Inc., Term Loan C, (3 mo. USD Term SOFR + 2.25%), 5.92%, due 9/29/2030 | &nbsp;&nbsp; 434282 |
|  |  | &nbsp;&nbsp; **1214295** |
| **IT Services 0.3%** | **IT Services 0.3%** | **IT Services 0.3%** |
| 1000000 | Neptune Bidco U.S., Inc., Term Loan B, (3 mo. USD Term SOFR), due 1/28/2033 | &nbsp;&nbsp; 983330<br> <sup>(i)(j)</sup><br>|
| 1182030 | &nbsp;&nbsp; Sedgwick Claims Management Services, Inc., Term Loan B, (1 mo. USD Term SOFR + 2.50%), <br> 6.17%, due 7/31/2031<br>| &nbsp;&nbsp; 1176675 |
|  |  | &nbsp;&nbsp; **2160005** |
| **Leisure Products 0.1%** | **Leisure Products 0.1%** | **Leisure Products 0.1%** |
| 435600 | &nbsp;&nbsp; SRAM LLC, Term Loan B, (1 mo. USD Term SOFR + 2.25%, 6 mo. USD Term SOFR + 2.25%), <br> 5.92% – 5.95%, due 2/27/2032<br>| &nbsp;&nbsp; **435600**<br> <sup>(k)(l)</sup><br>|
| **Life Sciences Tools & Services 0.1%** | **Life Sciences Tools & Services 0.1%** | **Life Sciences Tools & Services 0.1%** |
| 500000 | &nbsp;&nbsp; Parexel International Corp., Term Loan B, (1 mo. USD Term SOFR + 2.75%), 6.42%, due <br> 12/12/2031<br>| &nbsp;&nbsp; **499585** |
| **Machinery 0.1%** | **Machinery 0.1%** | **Machinery 0.1%** |
| 446625 | EMRLD Borrower LP, Term Loan B, (6 mo. USD Term SOFR + 2.25%), 6.12%, due 8/4/2031 | &nbsp;&nbsp; **445790** |
| **Media 0.1%** | **Media 0.1%** | **Media 0.1%** |
| 436700 | &nbsp;&nbsp; ABG Intermediate Holdings 2 LLC, Term Loan, (1 mo. USD Term SOFR + 2.25%), 5.92%, due <br> 2/13/2032<br>| &nbsp;&nbsp; 434953 |
| 498741 | &nbsp;&nbsp; Charter Communications Operating LLC, Term Loan B5, (3 mo. USD Term SOFR + 2.25%), 5.91%, <br> due 12/15/2031<br>| &nbsp;&nbsp; 497893 |
|  |  | &nbsp;&nbsp; **932846** |
| **Passenger Airlines 0.1%** | **Passenger Airlines 0.1%** | **Passenger Airlines 0.1%** |
| 643466 | American Airlines, Inc., Term Loan, (3 mo. USD Term SOFR + 2.25%), 5.92%, due 4/20/2028 | &nbsp;&nbsp; **643466** |
| **Software 0.2%** | **Software 0.2%** | **Software 0.2%** |
| 378100 | &nbsp;&nbsp; Applied Systems, Inc., First Lien Term Loan, (3 mo. USD Term SOFR + 2.25%), 6.17%, due <br> 2/24/2031<br>| &nbsp;&nbsp; 374731 |
|  | Kaseya, Inc. |  |
| 498744 | &nbsp;&nbsp;&nbsp; First Lien Term Loan B, (1 mo. USD Term SOFR + 3.00%), 6.67%, due 3/20/2032 | &nbsp;&nbsp; 479418 |
| 500000 | &nbsp;&nbsp;&nbsp; Term Loan B, (1 mo. USD Term SOFR), due 3/20/2032 | &nbsp;&nbsp; 480625<br> <sup>(i)(j)</sup><br>|
|  |  | &nbsp;&nbsp; **1334774** |
| **Specialty Retail 0.3%** | **Specialty Retail 0.3%** | **Specialty Retail 0.3%** |
| 661659 | Great Outdoors Group LLC, Term Loan B, (1 mo. USD Term SOFR + 3.25%), 6.92%, due 1/23/2032 | &nbsp;&nbsp; 660831 |
| 797911 | Michaels Cos., Inc., Term Loan B, (3 mo. USD Term SOFR + 4.25%), 8.18%, due 4/17/2028 | &nbsp;&nbsp; 789669 |
| 635258 | &nbsp;&nbsp; Petco Health & Wellness Co., Inc., Term Loan B, (3 mo. USD Term SOFR + 3.25%), 7.18%, due <br> 3/3/2028<br>| &nbsp;&nbsp; 633594 |
| 780000 | PetSmart, Inc., Term Loan B, (1 mo. USD Term SOFR + 4.00%), 7.67%, due 8/18/2032 | &nbsp;&nbsp; 778830 |
|  |  | &nbsp;&nbsp; **2862924** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Transportation Infrastructure 0.1%** | **Transportation Infrastructure 0.1%** | **Transportation Infrastructure 0.1%** |
| $435600 | KKR Apple Bidco LLC, Term Loan, (1 mo. USD Term SOFR + 2.50%), 6.17%, due 9/23/2031 | &nbsp;&nbsp; **$435500** |
| **Total Loan Assignments (Cost $20,072,723)** | **Total Loan Assignments (Cost $20,072,723)** | &nbsp;&nbsp; **20024211** |
| **Municipal Notes 0.6%** | **Municipal Notes 0.6%** | **Municipal Notes 0.6%** |
| **New York 0.6%** | **New York 0.6%** | **New York 0.6%** |
| 5165069 | &nbsp;&nbsp; Mizuho Floater Residual Trust Revenue, (LOC: Mizuho Capital Markets LLC), Series 2023, 4.07%, <br> due 12/1/2052 **(Cost $5,165,069)**<br>| &nbsp;&nbsp; 5165069<br> <sup>(a)</sup><br>|
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 5.2%** | **Short-Term Investments 5.2%** | **Short-Term Investments 5.2%** |
| **Investment Companies 5.2%** | **Investment Companies 5.2%** | **Investment Companies 5.2%** |
| 42955071 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, <br> 3.65%<sup>(m)</sup> **(Cost $42,955,071)**<br>| &nbsp;&nbsp; **42955071** |
| **Total Investments 98.4% (Cost $802,467,744)** | **Total Investments 98.4% (Cost $802,467,744)** | &nbsp;&nbsp; **804392550** |
| Other Assets Less Liabilities 1.6% | Other Assets Less Liabilities 1.6% | &nbsp;&nbsp; 12932317<br> <sup>(n)(o)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$817324867** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;‡ Represents less than 0.05% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At January 31, 2026, these securities amounted to $381,475,013, which represents 46.7% of net assets of
 the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable or floating rate security where the stated interest rate is not based on
 a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current
 interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current
 rate as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security. The interest rate shown was the current rate as
 of January 31, 2026 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(d) When-issued security. Total value of all such securities at January 31, 2026 amounted
 to $9,337,541, which represents 1.1% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Interest only security. These securities represent the right to receive the monthly
 interest payments on an underlying pool of mortgages. Payments of principal on the pool reduce the value of
 the "interest only" holding.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Payment-in-kind (PIK) security.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(i) All or a portion of this security was purchased on a delayed delivery basis.

&nbsp;&nbsp;&nbsp;&nbsp;(j) All or a portion of this security had not settled as of January 31, 2026 and thus
 may not have an interest rate in effect. Interest rates do not take effect until settlement.

&nbsp;&nbsp;&nbsp;&nbsp;(k) Value determined using significant unobservable inputs.

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(l) The stated interest rates represent the range of rates at January 31, 2026 of the
 underlying contracts within the Loan Assignment.

&nbsp;&nbsp;&nbsp;&nbsp;(m) Represents 7-day effective yield as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(n) Includes the impact of the Fund's open positions in derivatives at January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(o) As of January 31, 2026, the value of unfunded loan commitments was $64,973 for the
 Fund (see Notes to Schedule of Investments).

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage of** <br>**Net Assets**<br>|
| United States | $663070900 | 81.1% |
| Cayman Islands | 57671558 | 7.1% |
| United Kingdom | 10631380 | 1.3% |
| Jersey | 7535928 | 0.9% |
| Ireland | 5214837 | 0.6% |
| Canada | 4669129 | 0.6% |
| Japan | 4039164 | 0.5% |
| France | 2426298 | 0.3% |
| Switzerland | 2101371 | 0.3% |
| Luxembourg | 1292405 | 0.2% |
| Germany | 1185375 | 0.1% |
| Netherlands | 787501 | 0.1% |
| Australia | 525478 | 0.1% |
| Other countries, each representing less than 0.05% of net assets of the Fund | 286155 | 0.0% |
| Short-Term Investments and Other Assets—Net | 55887388 | 6.8% |
|  | **$817324867** | **100.0%** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At January 31, 2026, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2493 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $519771025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(649227)<br>|
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$519771025** | &nbsp;&nbsp;&nbsp;&nbsp; **$(649227)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 | U.S. Treasury Long Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(5986500)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $65875 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71 | U.S. Treasury Note, 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7939797)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94297 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 789 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (85945524)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 484039 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107 | U.S. Treasury Note, Ultra 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (12214719)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185578 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2113875)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56812 |
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$(114200415)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$886601** |
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$237374** |

---

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3**<sup>(a)</sup> | **Total** |
| Investments: |  |  |  |  |
| U.S. Treasury Obligations | $— | $32904610 | $— | $32904610 |
| Mortgage-Backed Securities<sup>#</sup> <br>|  | 269765117 |  | 269765117 |
| Asset-Backed Securities<sup>#</sup> <br>|  | 154000901 |  | 154000901 |
| Corporate Bonds<sup>#</sup> <br>|  | 279577571 |  | 279577571 |
| Loan Assignments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Health Care Providers & Services |  | 1385245 | 988750 | 2373995 |
| &nbsp;&nbsp;&nbsp; Leisure Products |  |  | 435600 | 435600 |
| &nbsp;&nbsp;&nbsp; Other Loan Assignments<sup>#</sup> <br>|  | 17214616 |  | 17214616 |
| Total Loan Assignments |  | 18599861 | 1424350 | 20024211 |
| Municipal Notes<sup>#</sup> <br>|  | 5165069 |  | 5165069 |
| Short-Term Investments |  | 42955071 |  | 42955071 |
| **Total Investments** | **$—** | **$802968200** | **$1424350** | **$804392550** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

See Notes to Schedule of Investments

------

Schedule of Investments Short Duration Income ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) The following is a reconciliation between the beginning and ending balances of investments
 in which significant unobservable inputs (Level 3) were used in determining value:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **(000's** <br>**omitted)**<br>| **Beginning** <br>**balance as** <br>**of 11/1/2025**<br>| **Accrued** <br>**discounts/** <br>**(premiums)**<br>| **Realized** <br>**gain/(loss)**<br>| **Change** <br>**in unrealized** <br>**appreciation/** <br>**(depreciation)**<br>| **Purchases** | **Sales/** <br>**Other** <br>**reductions**<br>| **Transfers** <br>**into** <br>**Level 3**<br>| **Transfers** <br>**out of** <br>**Level 3**<br>| **Balance** <br>**as of** <br>**1/31/2026**<br>| **Net change in** <br>**unrealized** <br>**appreciation/** <br>**(depreciation)** <br>**from** <br>**investments** <br>**still held as of** <br>**1/31/2026**<br>|
| **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** | **Investments in Securities:** |
| Loan <br> Assignments<sup>(1)(2)</sup> <br>| $— | $— | $— | $(8)<br>| $998 | $(1)<br>| $435 | $— | $1424 | $(8)<br>|
| **Total** | **$—** | **$—** | **$—** | **$(8)**<br>| **$998** | **$(1)**<br>| **$435** | **$—** | **$1424** | **$(8)**<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Transfers into Level 3 were attributable to observable market data becoming unobservable for those <br> securities. Transfers in or out of Level 3 represent the beginning value of any security where a change <br> in the pricing level occurred from the beginning to the end of the period. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Includes securities categorized as Level 3 that were valued using a single quotation obtained from a dealer. |

---

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's derivatives as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets | $886601 | $— | $— | $886601 |
| &nbsp;&nbsp;&nbsp; Liabilities | (649227)<br>|  |  | (649227)<br>|
| **Total** | **$237374** | **$—** | **$—** | **$237374** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

@ Futures are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited)

January 31, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **U.S. Treasury Obligations 2.2%** | **U.S. Treasury Obligations 2.2%** | **U.S. Treasury Obligations 2.2%** |
|  | U.S. Treasury Bonds |  |
| $190000 | &nbsp;&nbsp;&nbsp; 4.63%, due 2/15/2055 - 11/15/2055 | &nbsp;&nbsp; $182030 |
| 230000 | &nbsp;&nbsp;&nbsp; 4.75%, due 8/15/2055 | &nbsp;&nbsp; 224933 |
|  | U.S. Treasury Notes |  |
| 55000 | &nbsp;&nbsp;&nbsp; 3.50%, due 11/30/2030 | &nbsp;&nbsp; 54291 |
| 205000 | &nbsp;&nbsp;&nbsp; 4.63%, due 2/15/2035 | &nbsp;&nbsp; 211454 |
| 195000 | &nbsp;&nbsp;&nbsp; 4.25%, due 5/15/2035 - 8/15/2035 | &nbsp;&nbsp; 195296 |
| 330000 | &nbsp;&nbsp;&nbsp; 4.00%, due 11/15/2035 | &nbsp;&nbsp; 323245 |
| **Total U.S. Treasury Obligations (Cost $1,201,758)** | **Total U.S. Treasury Obligations (Cost $1,201,758)** | &nbsp;&nbsp; **1191249** |
| **U.S. Government Agency Securities 0.2%** | **U.S. Government Agency Securities 0.2%** | **U.S. Government Agency Securities 0.2%** |
| 80000 | Tennessee Valley Authority, 5.25%, due 2/1/2055 **(Cost $78,830)** | &nbsp;&nbsp; **79278** |
| **Mortgage-Backed Securities 27.0%** | **Mortgage-Backed Securities 27.0%** | **Mortgage-Backed Securities 27.0%** |
| **Collateralized Mortgage Obligations 5.6%** | **Collateralized Mortgage Obligations 5.6%** | **Collateralized Mortgage Obligations 5.6%** |
|  | Angel Oak Mortgage Trust |  |
| 121524 | &nbsp;&nbsp;&nbsp; Series 2022-5, Class A1, 4.50%, due 5/25/2067 | &nbsp;&nbsp; 121000<br> <sup>(a)</sup><br>|
| 63196 | &nbsp;&nbsp;&nbsp; Series 2025-10, Class A3, 5.37%, due 9/25/2070 | &nbsp;&nbsp; 63498<br> <sup>(a)</sup><br>|
| 93954 | Chase Home Lending Mortgage Trust, Series 2025-1, Class A4, 6.00%, due 11/25/2055 | &nbsp;&nbsp; 95485<br> <sup>(a)(b)</sup><br>|
|  | Connecticut Avenue Securities Trust |  |
| 120000 | &nbsp;&nbsp;&nbsp; Series 2022-R03, Class 1M2, (30 day USD SOFR Average + 3.50%), 7.20%, due 3/25/2042 | &nbsp;&nbsp; 123353<br> <sup>(a)(c)</sup><br>|
| 120000 | &nbsp;&nbsp;&nbsp; Series 2022-R05, Class 2M2, (30 day USD SOFR Average + 3.00%), 6.70%, due 4/25/2042 | &nbsp;&nbsp; 122620<br> <sup>(a)(c)</sup><br>|
| 115000 | &nbsp;&nbsp;&nbsp; Series 2022-R06, Class 1M2, (30 day USD SOFR Average + 3.85%), 7.55%, due 5/25/2042 | &nbsp;&nbsp; 118881<br> <sup>(a)(c)</sup><br>|
| 115000 | &nbsp;&nbsp;&nbsp; Series 2022-R07, Class 1M2, (30 day USD SOFR Average + 4.65%), 8.35%, due 6/25/2042 | &nbsp;&nbsp; 120792<br> <sup>(a)(c)</sup><br>|
| 120000 | &nbsp;&nbsp;&nbsp; Series 2023-R06, Class 1M2, (30 day USD SOFR Average + 2.70%), 6.40%, due 7/25/2043 | &nbsp;&nbsp; 123300<br> <sup>(a)(c)</sup><br>|
| 95000 | &nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1M2, (30 day USD SOFR Average + 1.60%), 5.30%, due 2/25/2045 | &nbsp;&nbsp; 95237<br> <sup>(a)(c)</sup><br>|
| 167000 | &nbsp;&nbsp;&nbsp; Series 2025-R06, Class 1M2, (30 day USD SOFR Average + 1.55%), 5.25%, due 9/25/2045 | &nbsp;&nbsp; 167424<br> <sup>(a)(c)</sup><br>|
|  | Federal Home Loan Mortgage Corp. STACR REMIC Trust |  |
| 101557 | &nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class M2, (30 day USD SOFR Average + 1.50%), 5.20%, due 10/25/2041 | &nbsp;&nbsp; 101905<br> <sup>(a)(c)</sup><br>|
| 135000 | &nbsp;&nbsp;&nbsp; Series 2022-DNA6, Class M1B, (30 day USD SOFR Average + 3.70%), 7.40%, due 9/25/2042 | &nbsp;&nbsp; 140558<br> <sup>(a)(c)</sup><br>|
| 103597 | &nbsp;&nbsp;&nbsp; Series 2024-DNA3, Class M2, (30 day USD SOFR Average + 1.45%), 5.15%, due 10/25/2044 | &nbsp;&nbsp; 103662<br> <sup>(a)(c)</sup><br>|
| 67000 | &nbsp;&nbsp;&nbsp; Series 2025-HQA1, Class M2, (30 day USD SOFR Average + 1.65%), 5.35%, due 2/25/2045 | &nbsp;&nbsp; 67146<br> <sup>(a)(c)</sup><br>|
| 96423 | GS Mortgage-Backed Securities Trust, Series 2025-PJ8, Class A5, 5.50%, due 2/25/2056 | &nbsp;&nbsp; 96915<br> <sup>(a)(b)</sup><br>|
|  | JP Morgan Mortgage Trust |  |
| 47569 | &nbsp;&nbsp;&nbsp; Series 2024-NQM1, Class A1, 5.59%, due 2/25/2064 | &nbsp;&nbsp; 48066<br> <sup>(a)</sup><br>|
| 188603 | &nbsp;&nbsp;&nbsp; Series 2025-NQM5, Class A1, 4.88%, due 5/25/2065 | &nbsp;&nbsp; 189292<br> <sup>(a)(b)</sup><br>|
| 132489 | MFA Trust, Series 2025-NQM5, Class A1, 5.19%, due 11/25/2070 | &nbsp;&nbsp; 133300<br> <sup>(a)(b)</sup><br>|
|  | Morgan Stanley Residential Mortgage Loan Trust |  |
| 97953 | &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, 5.63%, due 1/25/2070 | &nbsp;&nbsp; 99112<br> <sup>(a)(b)</sup><br>|
| 98886 | &nbsp;&nbsp;&nbsp; Series 2025-NQM10, Class A1, 5.12%, due 11/25/2070 | &nbsp;&nbsp; 99574<br> <sup>(a)(b)</sup><br>|
| 91589 | New Residential Mortgage Loan Trust, Series 2025-NQM3, Class A3, 5.99%, due 5/25/2065 | &nbsp;&nbsp; 92979<br> <sup>(a)</sup><br>|
|  | OBX Trust |  |
| 78776 | &nbsp;&nbsp;&nbsp; Series 2025-NQM7, Class A3, 5.86%, due 5/25/2055 | &nbsp;&nbsp; 79649<br> <sup>(a)</sup><br>|
| 71946 | &nbsp;&nbsp;&nbsp; Series 2024-NQM6, Class A1, 6.45%, due 2/25/2064 | &nbsp;&nbsp; 73040<br> <sup>(a)</sup><br>|
|  | Verus Securitization Trust |  |
| 106645 | &nbsp;&nbsp;&nbsp; Series 2025-R2, Class A1, 5.09%, due 7/25/2067 | &nbsp;&nbsp; 107456<br> <sup>(a)(b)</sup><br>|
| 84077 | &nbsp;&nbsp;&nbsp; Series 2024-4, Class A1, 6.22%, due 6/25/2069 | &nbsp;&nbsp; 85267<br> <sup>(a)</sup><br>|
| 89789 | &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, 5.10%, due 9/25/2069 | &nbsp;&nbsp; 90183<br> <sup>(a)(b)</sup><br>|
| 84977 | &nbsp;&nbsp;&nbsp; Series 2025-3, Class A3, 5.93%, due 5/25/2070 | &nbsp;&nbsp; 85934<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** | **Collateralized Mortgage Obligations – cont'd** |
| $| 118406 | &nbsp;&nbsp;&nbsp; Series 2025-6, Class A3, 5.72%, due 7/25/2070 | &nbsp;&nbsp; $119509<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **2965137** |
| **Commercial Mortgage-Backed 8.3%** | **Commercial Mortgage-Backed 8.3%** | **Commercial Mortgage-Backed 8.3%** | **Commercial Mortgage-Backed 8.3%** |
|  | 125000 | 1211 Avenue of the Americas Trust, Series 2015-1211, Class B, 4.09%, due 8/10/2035 | &nbsp;&nbsp; 119375<br> <sup>(a)(b)</sup><br>|
|  | 55000 | 1301 Trust, Series 2025-1301, Class D, 6.22%, due 8/11/2042 | &nbsp;&nbsp; 56273<br> <sup>(a)(b)</sup><br>|
|  | 100000 | BAHA Trust, Series 2024-MAR, Class A, 6.17%, due 12/10/2041 | &nbsp;&nbsp; 103757<br> <sup>(a)(b)</sup><br>|
|  |  | BANK5 |  |
|  | 26000 | &nbsp;&nbsp;&nbsp; Series 2023-5YR2, Class C, 7.16%, due 7/15/2056 | &nbsp;&nbsp; 26764<br> <sup>(b)</sup><br>|
|  | 85000 | &nbsp;&nbsp;&nbsp; Series 2024-5YR7, Class D, 4.00%, due 6/15/2057 | &nbsp;&nbsp; 75944<br> <sup>(a)</sup><br>|
|  | 32000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class C, 5.89%, due 11/15/2058 | &nbsp;&nbsp; 32602<br> <sup>(b)</sup><br>|
|  | 46000 | &nbsp;&nbsp;&nbsp; Series 2025-5YR17, Class B, 5.99%, due 11/15/2058 | &nbsp;&nbsp; 47758<br> <sup>(b)</sup><br>|
|  |  | BBCMS Mortgage Trust |  |
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2018-TALL, Class C, (1 mo. USD Term SOFR + 1.32%), 5.00%, due 3/15/2037 | &nbsp;&nbsp; 90510<br> <sup>(a)(c)</sup><br>|
|  | 74000 | &nbsp;&nbsp;&nbsp; Series 2024-C24, Class C, 6.00%, due 2/15/2057 | &nbsp;&nbsp; 73708 |
|  | 114000 | &nbsp;&nbsp;&nbsp; Series 2025-C32, Class B, 6.13%, due 2/15/2062 | &nbsp;&nbsp; 119492 |
|  |  | Benchmark Mortgage Trust |  |
|  | 55000 | &nbsp;&nbsp;&nbsp; Series 2023-V2, Class C, 6.77%, due 5/15/2055 | &nbsp;&nbsp; 56110<br> <sup>(b)</sup><br>|
|  | 95000 | &nbsp;&nbsp;&nbsp; Series 2024-V7, Class B, 6.85%, due 5/15/2056 | &nbsp;&nbsp; 99534<br> <sup>(b)</sup><br>|
|  | 41000 | &nbsp;&nbsp;&nbsp; Series 2023-V3, Class C, 7.17%, due 7/15/2056 | &nbsp;&nbsp; 41586<br> <sup>(b)</sup><br>|
|  | 71000 | &nbsp;&nbsp;&nbsp; Series 2024-V5, Class C, 6.97%, due 1/10/2057 | &nbsp;&nbsp; 73709<br> <sup>(b)</sup><br>|
|  |  | BLP Commercial Mortgage Trust |  |
|  | 95289 | &nbsp;&nbsp;&nbsp; Series 2025-IND, Class D, (1 mo. USD Term SOFR + 2.25%), 5.93%, due 3/15/2042 | &nbsp;&nbsp; 95289<br> <sup>(a)(c)</sup><br>|
|  | 59000 | &nbsp;&nbsp;&nbsp; Series 2025-IND2, Class D, (1 mo. USD Term SOFR + 2.65%), 6.33%, due 12/15/2042 | &nbsp;&nbsp; 59147<br> <sup>(a)(c)</sup><br>|
|  |  | BMO Mortgage Trust |  |
|  | 72000 | &nbsp;&nbsp;&nbsp; Series 2024-5C3, Class C, 6.86%, due 2/15/2057 | &nbsp;&nbsp; 73767<br> <sup>(b)</sup><br>|
|  | 74000 | &nbsp;&nbsp;&nbsp; Series 2024-C8, Class C, 6.23%, due 3/15/2057 | &nbsp;&nbsp; 74428<br> <sup>(b)</sup><br>|
|  | 26000 | &nbsp;&nbsp;&nbsp; Series 2025-5C10, Class C, 6.49%, due 5/15/2058 | &nbsp;&nbsp; 26554<br> <sup>(b)</sup><br>|
|  |  | BX Trust |  |
|  | 113207 | &nbsp;&nbsp;&nbsp; Series 2025-ROIC, Class D, (1 mo. USD Term SOFR + 1.99%), 5.67%, due 3/15/2030 | &nbsp;&nbsp; 112782<br> <sup>(a)(c)</sup><br>|
|  | 90000 | &nbsp;&nbsp;&nbsp; Series 2019-OC11, Class C, 3.86%, due 12/9/2041 | &nbsp;&nbsp; 86353<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2025-GW, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 7/15/2042 | &nbsp;&nbsp; 100631<br> <sup>(a)(c)</sup><br>|
|  | 80000 | &nbsp;&nbsp;&nbsp; Series 2025-ARIA, Class C, 5.52%, due 12/13/2042 | &nbsp;&nbsp; 81273<br> <sup>(a)(b)</sup><br>|
|  | 78000 | &nbsp;&nbsp;&nbsp; Series 2025-VLT7, Class D, (1 mo. USD Term SOFR + 3.25%), 6.93%, due 7/15/2044 | &nbsp;&nbsp; 78439<br> <sup>(a)(c)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2025-VOLT, Class D, (1 mo. USD Term SOFR + 2.75%), 6.43%, due 12/15/2044 | &nbsp;&nbsp; 100375<br> <sup>(a)(c)</sup><br>|
|  | 102000 | &nbsp;&nbsp;&nbsp; Series 2025-LIFE, Class A, 5.88%, due 6/13/2047 | &nbsp;&nbsp; 104589<br> <sup>(a)(b)</sup><br>|
|  |  | CHI Commercial Mortgage Trust |  |
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2025-110W, Class D, 6.63%, due 12/13/2040 | &nbsp;&nbsp; 101322<br> <sup>(a)(b)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2025-SFT, Class D, 7.57%, due 4/15/2042 | &nbsp;&nbsp; 104061<br> <sup>(a)(b)</sup><br>|
|  | 70000 | COMM Mortgage Trust, Series 2024-277P, Class B, 7.00%, due 8/10/2044 | &nbsp;&nbsp; 74346<br> <sup>(a)(b)</sup><br>|
|  | 100000 | Fashion Show Mall LLC, Series 2024-SHOW, Class C, 6.28%, due 10/10/2041 | &nbsp;&nbsp; 100497<br> <sup>(a)(b)</sup><br>|
|  | 134000 | &nbsp;&nbsp; Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, Series K-171, <br> Class A2, 4.40%, due 6/25/2035<br>| &nbsp;&nbsp; 132979<br> <sup>(b)</sup><br>|
|  | 25000 | FIVE Mortgage Trust, Series 2023-V1, Class C, 6.35%, due 2/10/2056 | &nbsp;&nbsp; 25230<br> <sup>(b)</sup><br>|
|  | 49000 | GS Mortgage Securities Trust, Series 2019-GSA1, Class C, 3.80%, due 11/10/2052 | &nbsp;&nbsp; 44818<br> <sup>(b)</sup><br>|
|  | 100000 | Hudson Yards Mortgage Trust, Series 2025-SPRL, Class E, 6.68%, due 1/13/2040 | &nbsp;&nbsp; 103907<br> <sup>(a)(b)</sup><br>|
|  | 152000 | &nbsp;&nbsp; INTOWN Mortgage Trust, Series 2025-STAY, Class C, (1 mo. USD Term SOFR + 2.25%), 5.93%, due <br> 3/15/2042<br>| &nbsp;&nbsp; 152665<br> <sup>(a)(c)</sup><br>|
|  |  | IP Mortgage Trust |  |
|  | 22000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class A, 5.25%, due 6/10/2042 | &nbsp;&nbsp; 22390<br> <sup>(a)(b)</sup><br>|
|  | 36000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class D, 6.31%, due 6/10/2042 | &nbsp;&nbsp; 36688<br> <sup>(a)(b)</sup><br>|
|  | 19000 | &nbsp;&nbsp;&nbsp; Series 2025-IP, Class E, 6.85%, due 6/10/2042 | &nbsp;&nbsp; 19393<br> <sup>(a)(b)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** | **Commercial Mortgage-Backed – cont'd** |
| $| 100000 | IRV Trust, Series 2025-200P, Class C, 5.73%, due 3/14/2047 | &nbsp;&nbsp; $101196<br> <sup>(a)(b)</sup><br>|
|  | 100000 | &nbsp;&nbsp; JP Morgan Chase Commercial Mortgage Securities Trust, Series 2022-OPO, Class A, 3.02%, due <br> 1/5/2039<br>| &nbsp;&nbsp; 90750<br> <sup>(a)</sup><br>|
|  | 132000 | MAD Commercial Mortgage Trust, Series 2025-11MD, Class D, 6.57%, due 10/15/2042 | &nbsp;&nbsp; 134875<br> <sup>(a)(b)</sup><br>|
|  | 100000 | Manhattan West Mortgage Trust, Series 2020-1MW, Class D, 2.33%, due 9/10/2039 | &nbsp;&nbsp; 95348<br> <sup>(a)(b)</sup><br>|
|  | 25000 | MSWF Commercial Mortgage Trust, Series 2023-2, Class A5, 6.01%, due 12/15/2056 | &nbsp;&nbsp; 26950<br> <sup>(b)</sup><br>|
|  | 100000 | NY Commercial Mortgage Trust, Series 2025-299P, Class C, 6.17%, due 2/10/2047 | &nbsp;&nbsp; 103717<br> <sup>(a)(b)</sup><br>|
|  |  | NYC Commercial Mortgage Trust |  |
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2025-3BP, Class D, (1 mo. USD Term SOFR + 2.44%), 6.12%, due 2/15/2042 | &nbsp;&nbsp; 100500<br> <sup>(a)(c)</sup><br>|
|  | 64000 | &nbsp;&nbsp;&nbsp; Series 2025-300P, Class D, 6.16%, due 7/13/2042 | &nbsp;&nbsp; 64947<br> <sup>(a)(b)</sup><br>|
|  | 84001 | One Market Plaza Trust, Series 2017-1MKT, Class A, 3.61%, due 2/10/2032 | &nbsp;&nbsp; 81090<br> <sup>(a)</sup><br>|
|  | 105000 | ONNI Commercial Mortgage Trust, Series 2024-APT, Class D, 7.24%, due 7/15/2039 | &nbsp;&nbsp; 108114<br> <sup>(a)(b)</sup><br>|
|  | 100000 | ORL Trust, Series 2024-GLKS, Class E, (1 mo. USD Term SOFR + 3.19%), 6.87%, due 12/15/2039 | &nbsp;&nbsp; 100531<br> <sup>(a)(c)</sup><br>|
|  | 100000 | PRM Trust, Series 2025-PRM6, Class D, 5.68%, due 7/5/2033 | &nbsp;&nbsp; 100529<br> <sup>(a)(b)</sup><br>|
|  | 50000 | RFR Trust, Series 2025-SGRM, Class A, 5.38%, due 3/11/2041 | &nbsp;&nbsp; 51094<br> <sup>(a)(b)</sup><br>|
|  | 41000 | &nbsp;&nbsp; SFO Commercial Mortgage Trust, Series 2021-555, Class D, (1 mo. USD Term SOFR + 2.51%), 6.19%, <br> due 5/15/2038<br>| &nbsp;&nbsp; 40847<br> <sup>(a)(c)</sup><br>|
|  | 115000 | &nbsp;&nbsp; SMRT Commercial Mortgage Trust, Series 2022-MINI, Class E, (1 mo. USD Term SOFR + 2.70%), <br> 6.38%, due 1/15/2039<br>| &nbsp;&nbsp; 114712<br> <sup>(a)(c)</sup><br>|
|  | 125000 | &nbsp;&nbsp; TCO Commercial Mortgage Trust, Series 2024-DPM, Class C, (1 mo. USD Term SOFR + 1.99%), <br> 5.67%, due 12/15/2039<br>| &nbsp;&nbsp; 125234<br> <sup>(a)(c)</sup><br>|
|  | 44000 | Wells Fargo Commercial Mortgage Trust, Series 2025-5C3, Class C, 6.23%, due 1/15/2058 | &nbsp;&nbsp; 44672<br> <sup>(b)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4414151** |
| **Federal Home Loan Mortgage Corp. 6.2%** | **Federal Home Loan Mortgage Corp. 6.2%** | **Federal Home Loan Mortgage Corp. 6.2%** | **Federal Home Loan Mortgage Corp. 6.2%** |
|  |  | Pass-Through Certificates |  |
|  | 221461 | &nbsp;&nbsp;&nbsp; 3.00%, due 6/1/2052 | &nbsp;&nbsp; 196685 |
|  | 359450 | &nbsp;&nbsp;&nbsp; 3.50%, due 5/1/2052 | &nbsp;&nbsp; 332830 |
|  | 386498 | &nbsp;&nbsp;&nbsp; 4.00%, due 12/1/2052 | &nbsp;&nbsp; 369710 |
|  | 344577 | &nbsp;&nbsp;&nbsp; 4.50%, due 9/1/2052 - 5/1/2053 | &nbsp;&nbsp; 339100 |
|  | 325978 | &nbsp;&nbsp;&nbsp; 5.00%, due 11/1/2053 - 10/1/2054 | &nbsp;&nbsp; 326634 |
|  | 1045395 | &nbsp;&nbsp;&nbsp; 5.50%, due 11/1/2053 - 11/1/2054 | &nbsp;&nbsp; 1060388 |
|  | 670199 | &nbsp;&nbsp;&nbsp; 6.00%, due 5/1/2054 - 5/1/2055 | &nbsp;&nbsp; 687496 |
|  |  |  | &nbsp;&nbsp; **3312843** |
| **Federal National Mortgage Association 5.8%** | **Federal National Mortgage Association 5.8%** | **Federal National Mortgage Association 5.8%** | **Federal National Mortgage Association 5.8%** |
|  |  | Pass-Through Certificates |  |
|  | 1172459 | &nbsp;&nbsp;&nbsp; 3.00%, due 5/1/2052 - 4/1/2053 | &nbsp;&nbsp; 1084173 |
|  | 364645 | &nbsp;&nbsp;&nbsp; 4.50%, due 4/1/2053 - 7/1/2053 | &nbsp;&nbsp; 358419 |
|  | 1302468 | &nbsp;&nbsp;&nbsp; 5.00%, due 12/1/2052 - 11/1/2055 | &nbsp;&nbsp; 1304888 |
|  | 307013 | &nbsp;&nbsp;&nbsp; 5.50%, due 10/1/2054 - 8/1/2055 | &nbsp;&nbsp; 312762 |
|  |  |  | &nbsp;&nbsp; **3060242** |
| **Government National Mortgage Association 1.1%** | **Government National Mortgage Association 1.1%** | **Government National Mortgage Association 1.1%** | **Government National Mortgage Association 1.1%** |
|  |  | Pass-Through Certificates |  |
|  | 216458 | &nbsp;&nbsp;&nbsp; 4.50%, due 11/20/2054 | &nbsp;&nbsp; 211616 |
|  | 141003 | &nbsp;&nbsp;&nbsp; 5.00%, due 2/20/2053 - 5/20/2055 | &nbsp;&nbsp; 141569 |
|  | 223448 | &nbsp;&nbsp;&nbsp; 5.50%, due 12/20/2054 - 8/20/2055 | &nbsp;&nbsp; 226176 |
|  |  |  | &nbsp;&nbsp; **579361** |
| **Total Mortgage-Backed Securities (Cost $14,140,746)** | **Total Mortgage-Backed Securities (Cost $14,140,746)** | **Total Mortgage-Backed Securities (Cost $14,140,746)** | &nbsp;&nbsp; **14331734** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Asset-Backed Securities 12.4%** | **Asset-Backed Securities 12.4%** | **Asset-Backed Securities 12.4%** |
| **Automobiles 1.8%** | **Automobiles 1.8%** | **Automobiles 1.8%** |
| $100000 | Avis Budget Rental Car Funding AESOP LLC, Series 2025-3A, Class B, 4.46%, due 2/20/2030 | &nbsp;&nbsp; $99913<br> <sup>(a)</sup><br>|
| 34000 | Bridgecrest Lending Auto Securitization Trust, Series 2025-4, Class C, 4.80%, due 8/15/2031 | &nbsp;&nbsp; 34329 |
| 123000 | Exeter Automobile Receivables Trust, Series 2025-1A, Class D, 5.49%, due 5/15/2031 | &nbsp;&nbsp; 125062 |
| 62000 | GLS Auto Receivables Issuer Trust, Series 2025-2A, Class D, 5.59%, due 1/15/2031 | &nbsp;&nbsp; 63011<br> <sup>(a)</sup><br>|
|  | GLS Auto Select Receivables Trust |  |
| 119000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.04%, due 2/15/2031 | &nbsp;&nbsp; 121204<br> <sup>(a)</sup><br>|
| 22000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, 5.26%, due 3/15/2031 | &nbsp;&nbsp; 22453<br> <sup>(a)</sup><br>|
| 100000 | PenFed Auto Receivables Owner Trust, Series 2025-A, Class A3, 4.03%, due 7/15/2030 | &nbsp;&nbsp; 100242<br> <sup>(a)</sup><br>|
| 136000 | Santander Drive Auto Receivables Trust, Series 2025-1, Class D, 5.43%, due 3/17/2031 | &nbsp;&nbsp; 138680 |
| 125000 | SFS Auto Receivables Securitization Trust, Series 2024-2A, Class C, 5.54%, due 2/20/2032 | &nbsp;&nbsp; 128571<br> <sup>(a)</sup><br>|
|  | Westlake Automobile Receivables Trust |  |
| 68000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class D, 5.54%, due 11/15/2030 | &nbsp;&nbsp; 69330<br> <sup>(a)</sup><br>|
| 77000 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 4.85%, due 1/15/2031 | &nbsp;&nbsp; 77899<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **980694** |
| **Home Equity 0.6%** | **Home Equity 0.6%** | **Home Equity 0.6%** |
| 74919 | &nbsp;&nbsp; JP Morgan Mortgage Trust, Series 2024-HE2, Class A1, (30 day USD SOFR Average + 1.20%), 4.90%, <br> due 10/20/2054<br>| &nbsp;&nbsp; 75015<br> <sup>(a)(c)</sup><br>|
| 103265 | OBX Trust, Series 2025-HE1, Class A1, (30 day USD SOFR Average + 1.60%), 5.30%, due 2/25/2055 | &nbsp;&nbsp; 103778<br> <sup>(a)(c)</sup><br>|
| 144262 | RCKT Mortgage Trust, Series 2025-CES10, Class A1A, 4.89%, due 11/25/2055 | &nbsp;&nbsp; 144693<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **323486** |
| **Other 9.3%** | **Other 9.3%** | **Other 9.3%** |
| 500000 | AIMCO CLO, Series 2017-AA, Class AR2, (3 mo. USD Term SOFR + 1.14%), 4.81%, due 1/20/2038 | &nbsp;&nbsp; 500500<br> <sup>(a)(c)</sup><br>|
| 100000 | Amur Equipment Finance Receivables XV LLC, Series 2025-1A, Class D, 5.68%, due 8/20/2032 | &nbsp;&nbsp; 101889<br> <sup>(a)</sup><br>|
| 128000 | Barings Equipment Finance LLC, Series 2025-A, Class A3, 4.82%, due 8/13/2032 | &nbsp;&nbsp; 130770<br> <sup>(a)</sup><br>|
| 69795 | Business Jet Securities LLC, Series 2024-1A, Class A, 6.20%, due 5/15/2039 | &nbsp;&nbsp; 71339<br> <sup>(a)</sup><br>|
| 500000 | &nbsp;&nbsp; Canyon Capital CLO Ltd., Series 2022-2A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 4.85%, due <br> 4/15/2038<br>| &nbsp;&nbsp; 501344<br> <sup>(a)(c)</sup><br>|
| 100000 | CCG Receivables Trust, Series 2025-1, Class B, 4.69%, due 10/14/2032 | &nbsp;&nbsp; 101139<br> <sup>(a)</sup><br>|
| 120000 | Cloud Capital Holdco LP, Series 2024-1A, Class A2, 5.78%, due 11/22/2049 | &nbsp;&nbsp; 120679<br> <sup>(a)</sup><br>|
| 100000 | &nbsp;&nbsp; Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC, Series 2025-1A, Class B, 6.51%, <br> due 5/20/2055<br>| &nbsp;&nbsp; 102724<br> <sup>(a)</sup><br>|
|  | CyrusOne Data Centers Issuer I LLC |  |
| 38000 | &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2, 4.30%, due 4/20/2048 | &nbsp;&nbsp; 37469<br> <sup>(a)</sup><br>|
| 66000 | &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2, 5.56%, due 11/20/2048 | &nbsp;&nbsp; 66522<br> <sup>(a)</sup><br>|
| 70657 | Foundation Finance Trust, Series 2025-1A, Class A, 4.95%, due 4/15/2050 | &nbsp;&nbsp; 71452<br> <sup>(a)</sup><br>|
| 100000 | GreenSky Home Improvement Issuer Trust, Series 2025-1A, Class B, 5.39%, due 3/25/2060 | &nbsp;&nbsp; 101377<br> <sup>(a)</sup><br>|
| 64481 | Hilton Grand Vacations Trust, Series 2022-2A, Class A, 4.30%, due 1/25/2037 | &nbsp;&nbsp; 64240<br> <sup>(a)</sup><br>|
| 100000 | Island Finance Trust, Series 2025-1A, Class A, 6.54%, due 3/19/2035 | &nbsp;&nbsp; 101275<br> <sup>(a)</sup><br>|
| 119475 | Lyra Music Assets Delaware LP, Series 2025-1A, Class A2, 5.60%, due 9/20/2065 | &nbsp;&nbsp; 120656<br> <sup>(a)</sup><br>|
| 107000 | MetroNet Infrastructure Issuer LLC, Series 2025-2A, Class A2, 5.40%, due 8/20/2055 | &nbsp;&nbsp; 108587<br> <sup>(a)</sup><br>|
|  | MVW LLC |  |
| 36584 | &nbsp;&nbsp;&nbsp; Series 2023-1A, Class C, 6.54%, due 10/20/2040 | &nbsp;&nbsp; 37532<br> <sup>(a)</sup><br>|
| 45191 | &nbsp;&nbsp;&nbsp; Series 2023-2A, Class B, 6.33%, due 11/20/2040 | &nbsp;&nbsp; 46237<br> <sup>(a)</sup><br>|
| 84350 | &nbsp;&nbsp;&nbsp; Series 2024-2A, Class B, 4.58%, due 3/20/2042 | &nbsp;&nbsp; 84105<br> <sup>(a)</sup><br>|
| 80313 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 5.21%, due 9/22/2042 | &nbsp;&nbsp; 81412<br> <sup>(a)</sup><br>|
| 51775 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, 5.32%, due 2/20/2043 | &nbsp;&nbsp; 52689<br> <sup>(a)</sup><br>|
| 97084 | &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, 4.97%, due 10/20/2044 | &nbsp;&nbsp; 97080<br> <sup>(a)</sup><br>|
| 125000 | OneMain Financial Issuance Trust, Series 2023-2A, Class A1, 5.84%, due 9/15/2036 | &nbsp;&nbsp; 127521<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** | **Asset-Backed Securities – cont'd** |
| **Other – cont'd** | **Other – cont'd** | **Other – cont'd** | **Other – cont'd** |
| $| 84401 | OWN Equipment Fund I LLC, Series 2024-2M, Class A, 5.70%, due 12/20/2032 | &nbsp;&nbsp; $85537<br> <sup>(a)</sup><br>|
|  | 130000 | PFS Financing Corp., Series 2024-B, Class A, 4.95%, due 2/15/2029 | &nbsp;&nbsp; 131370<br> <sup>(a)</sup><br>|
|  | 500000 | &nbsp;&nbsp; Sixth Street CLO XVII Ltd., Series 2021-17A, Class A1R, (3 mo. USD Term SOFR + 1.15%), 4.82%, due <br> 4/17/2038<br>| &nbsp;&nbsp; 500956<br> <sup>(a)(c)</sup><br>|
|  |  | Sotheby's Artfi Master Trust |  |
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A1, 6.43%, due 12/22/2031 | &nbsp;&nbsp; 100214<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp;&nbsp; Series 2026-1A, Class C, 5.00%, due 6/20/2033 | &nbsp;&nbsp; 100070<br> <sup>(a)(d)</sup><br>|
|  | 115000 | Stack Infrastructure Issuer LLC, Series 2023-2A, Class A2, 5.90%, due 7/25/2048 | &nbsp;&nbsp; 115455<br> <sup>(a)</sup><br>|
|  | 106000 | Summit Issuer LLC, Series 2025-1A, Class A2, 5.21%, due 11/20/2055 | &nbsp;&nbsp; 106829<br> <sup>(a)</sup><br>|
|  | 112987 | Taco Bell Funding LLC, Series 2021-1A, Class A2II, 2.29%, due 8/25/2051 | &nbsp;&nbsp; 104993<br> <sup>(a)</sup><br>|
|  | 500000 | &nbsp;&nbsp; Trestles CLO VI Ltd., Series 2023-6A, Class A1R, (3 mo. USD Term SOFR + 1.18%), 4.85%, due <br> 4/25/2038<br>| &nbsp;&nbsp; 501320<br> <sup>(a)(c)</sup><br>|
|  | 131000 | Uniti Fiber ABS Issuer LLC, Series 2025-1A, Class A2, 5.88%, due 4/20/2055 | &nbsp;&nbsp; 134057<br> <sup>(a)</sup><br>|
|  | 153000 | Vantage Data Centers LLC, Series 2025-1A, Class A2, 5.13%, due 8/15/2055 | &nbsp;&nbsp; 151782<br> <sup>(a)</sup><br>|
|  |  | Wireless PropCo Funding LLC |  |
|  | 27000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, 4.07%, due 6/25/2055 | &nbsp;&nbsp; 26019<br> <sup>(a)</sup><br>|
|  | 26000 | &nbsp;&nbsp;&nbsp; Series 2025-1A, Class B, 4.30%, due 6/25/2055 | &nbsp;&nbsp; 24871<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4912011** |
| **Student Loan 0.7%** | **Student Loan 0.7%** | **Student Loan 0.7%** | **Student Loan 0.7%** |
|  | 224032 | &nbsp;&nbsp; Bayview Opportunity Master Fund VII LLC, Series 2025-EDU1, Class C, (30 day USD SOFR Average + <br> 1.80%), 5.50%, due 7/27/2048<br>| &nbsp;&nbsp; 224032<br> <sup>(a)(c)</sup><br>|
|  |  | Navient Private Education Refi Loan Trust |  |
|  | 42772 | &nbsp;&nbsp;&nbsp; Series 2020-CA, Class A2A, 2.15%, due 11/15/2068 | &nbsp;&nbsp; 41331<br> <sup>(a)</sup><br>|
|  | 63895 | &nbsp;&nbsp;&nbsp; Series 2021-BA, Class A, 0.94%, due 7/15/2069 | &nbsp;&nbsp; 58600<br> <sup>(a)</sup><br>|
|  | 43161 | &nbsp;&nbsp;&nbsp; Series 2021-CA, Class A, 1.06%, due 10/15/2069 | &nbsp;&nbsp; 39739<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **363702** |
| **Total Asset-Backed Securities (Cost $6,529,867)** | **Total Asset-Backed Securities (Cost $6,529,867)** | **Total Asset-Backed Securities (Cost $6,529,867)** | &nbsp;&nbsp; **6579893** |
| **Corporate Bonds 51.0%** | **Corporate Bonds 51.0%** | **Corporate Bonds 51.0%** | **Corporate Bonds 51.0%** |
| **Advertising 0.3%** | **Advertising 0.3%** | **Advertising 0.3%** | **Advertising 0.3%** |
|  | 170000 | Clear Channel Outdoor Holdings, Inc., 7.13%, due 2/15/2031 | &nbsp;&nbsp; **177276**<br> <sup>(a)</sup><br>|
| **Aerospace & Defense 1.4%** | **Aerospace & Defense 1.4%** | **Aerospace & Defense 1.4%** | **Aerospace & Defense 1.4%** |
|  |  | Boeing Co. |  |
|  | 235000 | &nbsp;&nbsp;&nbsp; 5.04%, due 5/1/2027 | &nbsp;&nbsp; 237473 |
|  | 70000 | &nbsp;&nbsp;&nbsp; 3.90%, due 5/1/2049 | &nbsp;&nbsp; 52313 |
|  | 120000 | Bombardier, Inc., 7.00%, due 6/1/2032 | &nbsp;&nbsp; 125966<br> <sup>(a)</sup><br>|
|  | 80000 | Goat Holdco LLC, 6.75%, due 2/1/2032 | &nbsp;&nbsp; 82162<br> <sup>(a)</sup><br>|
|  |  | TransDigm, Inc. |  |
|  | 230000 | &nbsp;&nbsp;&nbsp; 6.88%, due 12/15/2030 | &nbsp;&nbsp; 239565<br> <sup>(a)</sup><br>|
|  | 10000 | &nbsp;&nbsp;&nbsp; 7.13%, due 12/1/2031 | &nbsp;&nbsp; 10487<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **747966** |
| **Agriculture 1.2%** | **Agriculture 1.2%** | **Agriculture 1.2%** | **Agriculture 1.2%** |
|  |  | Imperial Brands Finance PLC |  |
|  | 200000 | &nbsp;&nbsp;&nbsp; 5.50%, due 2/1/2030 | &nbsp;&nbsp; 207525<br> <sup>(a)</sup><br>|
|  | 200000 | &nbsp;&nbsp;&nbsp; 5.63%, due 7/1/2035 | &nbsp;&nbsp; 204525<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Agriculture – cont'd** | **Agriculture – cont'd** | **Agriculture – cont'd** | **Agriculture – cont'd** |
| $| 200000 | &nbsp;&nbsp;&nbsp; 6.38%, due 7/1/2055 | &nbsp;&nbsp; $205787<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **617837** |
| **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** | **Airlines 0.1%** |
|  | 70000 | American Airlines, Inc., 8.50%, due 5/15/2029 | &nbsp;&nbsp; **73044**<br> <sup>(a)</sup><br>|
| **Auto Manufacturers 0.3%** | **Auto Manufacturers 0.3%** | **Auto Manufacturers 0.3%** | **Auto Manufacturers 0.3%** |
|  | 135000 | General Motors Co., 6.80%, due 10/1/2027 | &nbsp;&nbsp; **140335** |
| **Auto Parts & Equipment 0.3%** | **Auto Parts & Equipment 0.3%** | **Auto Parts & Equipment 0.3%** | **Auto Parts & Equipment 0.3%** |
|  | 160000 | Goodyear Tire & Rubber Co., 5.25%, due 4/30/2031 | &nbsp;&nbsp; **153986** |
| **Banks 8.4%** | **Banks 8.4%** | **Banks 8.4%** | **Banks 8.4%** |
|  |  | Bank of America Corp. |  |
|  | 75000 | &nbsp;&nbsp;&nbsp; 4.38%, due 1/27/2027 | &nbsp;&nbsp; 74614<br> <sup>(e)(f)</sup><br>|
|  | 410000 | &nbsp;&nbsp;&nbsp; 5.51%, due 1/24/2036 | &nbsp;&nbsp; 425615<br> <sup>(e)</sup><br>|
|  | 35000 | Bank of New York Mellon Corp., 3.75%, due 12/20/2026 | &nbsp;&nbsp; 34432<br> <sup>(e)(f)</sup><br>|
|  |  | Citigroup, Inc. |  |
|  | 35000 | &nbsp;&nbsp;&nbsp; 3.88%, due 2/18/2026 | &nbsp;&nbsp; 34944<br> <sup>(e)(f)</sup><br>|
|  | 80000 | &nbsp;&nbsp;&nbsp; 3.89%, due 1/10/2028 | &nbsp;&nbsp; 79899<br> <sup>(e)</sup><br>|
|  | 35000 | &nbsp;&nbsp;&nbsp; 7.00%, due 8/15/2034 | &nbsp;&nbsp; 36646<br> <sup>(e)(f)</sup><br>|
|  | 195000 | &nbsp;&nbsp;&nbsp; 6.02%, due 1/24/2036 | &nbsp;&nbsp; 203288<br> <sup>(e)</sup><br>|
|  | 150000 | Deutsche Bank AG, 4.95%, due 8/4/2031 | &nbsp;&nbsp; 151753<br> <sup>(e)</sup><br>|
|  |  | Fifth Third Bancorp |  |
|  | 125000 | &nbsp;&nbsp;&nbsp; 4.57%, due 4/29/2032 | &nbsp;&nbsp; 124888<br> <sup>(e)</sup><br>|
|  | 80000 | &nbsp;&nbsp;&nbsp; 5.14%, due 1/29/2037 | &nbsp;&nbsp; 79451<br> <sup>(e)</sup><br>|
|  |  | Goldman Sachs Group, Inc. |  |
|  | 50000 | &nbsp;&nbsp;&nbsp; 3.65%, due 8/10/2026 | &nbsp;&nbsp; 49551<br> <sup>(e)(f)</sup><br>|
|  | 25000 | &nbsp;&nbsp;&nbsp; 7.50%, due 2/10/2029 | &nbsp;&nbsp; 26444<br> <sup>(e)(f)</sup><br>|
|  | 155000 | &nbsp;&nbsp;&nbsp; 4.37%, due 10/21/2031 | &nbsp;&nbsp; 154116<br> <sup>(e)</sup><br>|
|  | 140000 | &nbsp;&nbsp;&nbsp; 5.07%, due 1/21/2037 | &nbsp;&nbsp; 139400<br> <sup>(e)</sup><br>|
|  | 170000 | &nbsp;&nbsp;&nbsp; 5.39%, due 2/2/2041 | &nbsp;&nbsp; 168415<br> <sup>(d)(e)</sup><br>|
|  | 65000 | &nbsp;&nbsp;&nbsp; 5.54%, due 1/21/2047 | &nbsp;&nbsp; 64029<br> <sup>(e)</sup><br>|
|  | 35000 | Huntington Bancshares, Inc., 4.45%, due 10/15/2027 | &nbsp;&nbsp; 34505<br> <sup>(e)(f)</sup><br>|
|  |  | JPMorgan Chase & Co. |  |
|  | 75000 | &nbsp;&nbsp;&nbsp; 3.65%, due 6/1/2026 | &nbsp;&nbsp; 74935<br> <sup>(e)(f)</sup><br>|
|  | 50000 | &nbsp;&nbsp;&nbsp; 4.26%, due 10/22/2031 | &nbsp;&nbsp; 49749<br> <sup>(e)</sup><br>|
|  | 275000 | &nbsp;&nbsp;&nbsp; 5.50%, due 1/24/2036 | &nbsp;&nbsp; 286016<br> <sup>(e)</sup><br>|
|  | 315000 | &nbsp;&nbsp;&nbsp; 4.90%, due 1/22/2037 | &nbsp;&nbsp; 312603<br> <sup>(e)</sup><br>|
|  | 80000 | M&T Bank Corp., 3.50%, due 9/1/2026 | &nbsp;&nbsp; 78574<br> <sup>(e)(f)</sup><br>|
|  |  | Morgan Stanley |  |
|  | 135000 | &nbsp;&nbsp;&nbsp; 3.63%, due 1/20/2027 | &nbsp;&nbsp; 134809 |
|  | 135000 | &nbsp;&nbsp;&nbsp; 4.49%, due 1/16/2032 | &nbsp;&nbsp; 134911<br> <sup>(e)</sup><br>|
|  | 70000 | &nbsp;&nbsp;&nbsp; 5.42%, due 7/21/2034 | &nbsp;&nbsp; 72467<br> <sup>(e)</sup><br>|
|  | 95000 | &nbsp;&nbsp;&nbsp; 5.83%, due 4/19/2035 | &nbsp;&nbsp; 100487<br> <sup>(e)</sup><br>|
|  | 80000 | &nbsp;&nbsp;&nbsp; 4.89%, due 10/22/2036 | &nbsp;&nbsp; 78754<br> <sup>(e)</sup><br>|
|  | 200000 | NatWest Group PLC, 5.12%, due 5/23/2031 | &nbsp;&nbsp; 205164<br> <sup>(e)</sup><br>|
|  | 90000 | Oesterreichische Kontrollbank AG, 3.75%, due 1/15/2031 | &nbsp;&nbsp; 89625 |
|  |  | PNC Financial Services Group, Inc. |  |
|  | 55000 | &nbsp;&nbsp;&nbsp; 3.40%, due 9/15/2026 | &nbsp;&nbsp; 54150<br> <sup>(e)(f)</sup><br>|
|  | 110000 | &nbsp;&nbsp;&nbsp; 5.58%, due 1/29/2036 | &nbsp;&nbsp; 114198<br> <sup>(e)</sup><br>|
|  | 50000 | &nbsp;&nbsp;&nbsp; 5.37%, due 7/21/2036 | &nbsp;&nbsp; 51194<br> <sup>(e)</sup><br>|
|  | 165000 | &nbsp;&nbsp;&nbsp; 5.42%, due 1/25/2041 | &nbsp;&nbsp; 164847<br> <sup>(e)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** | **Banks – cont'd** |
| $| 40000 | Santander Holdings USA, Inc., 6.12%, due 5/31/2027 | &nbsp;&nbsp; $40233<br> <sup>(e)</sup><br>|
|  | 80000 | U.S. Bancorp, 3.70%, due 1/15/2027 | &nbsp;&nbsp; 78887<br> <sup>(e)(f)</sup><br>|
|  | 200000 | UBS AG, 5.65%, due 9/11/2028 | &nbsp;&nbsp; 208730 |
|  |  | Wells Fargo & Co. |  |
|  | 50000 | &nbsp;&nbsp;&nbsp; 3.90%, due 3/15/2026 | &nbsp;&nbsp; 49945<br> <sup>(e)(f)</sup><br>|
|  | 35000 | &nbsp;&nbsp;&nbsp; 7.63%, due 9/15/2028 | &nbsp;&nbsp; 37277<br> <sup>(e)(f)</sup><br>|
|  | 160000 | &nbsp;&nbsp;&nbsp; 5.50%, due 1/23/2035 | &nbsp;&nbsp; 165993<br> <sup>(e)</sup><br>|
|  |  |  | &nbsp;&nbsp; **4465538** |
| **Beverages 0.4%** | **Beverages 0.4%** | **Beverages 0.4%** | **Beverages 0.4%** |
|  | 45000 | Anheuser-Busch InBev Worldwide, Inc., 4.95%, due 1/15/2042 | &nbsp;&nbsp; 43016 |
|  |  | Molson Coors Beverage Co. |  |
|  | 25000 | &nbsp;&nbsp;&nbsp; 5.00%, due 5/1/2042 | &nbsp;&nbsp; 23199 |
|  | 70000 | &nbsp;&nbsp;&nbsp; 4.20%, due 7/15/2046 | &nbsp;&nbsp; 56537 |
|  | 80000 | PepsiCo, Inc., 4.65%, due 7/23/2032 | &nbsp;&nbsp; 81492 |
|  |  |  | &nbsp;&nbsp; **204244** |
| **Biotechnology 0.2%** | **Biotechnology 0.2%** | **Biotechnology 0.2%** | **Biotechnology 0.2%** |
|  | 130000 | Gilead Sciences, Inc., 4.75%, due 3/1/2046 | &nbsp;&nbsp; **117833** |
| **Building Materials 0.9%** | **Building Materials 0.9%** | **Building Materials 0.9%** | **Building Materials 0.9%** |
|  | 100000 | Builders FirstSource, Inc., 6.38%, due 6/15/2032 | &nbsp;&nbsp; 103059<br> <sup>(a)</sup><br>|
|  | 180000 | Quikrete Holdings, Inc., 6.38%, due 3/1/2032 | &nbsp;&nbsp; 186677<br> <sup>(a)</sup><br>|
|  | 105000 | Standard Building Solutions, Inc., 6.50%, due 8/15/2032 | &nbsp;&nbsp; 108269<br> <sup>(a)</sup><br>|
|  | 70000 | Standard Industries, Inc., 4.75%, due 1/15/2028 | &nbsp;&nbsp; 69634<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **467639** |
| **Chemicals 1.7%** | **Chemicals 1.7%** | **Chemicals 1.7%** | **Chemicals 1.7%** |
|  |  | Dow Chemical Co. |  |
|  | 55000 | &nbsp;&nbsp;&nbsp; 5.65%, due 3/15/2036 | &nbsp;&nbsp; 54955 |
|  | 270000 | &nbsp;&nbsp;&nbsp; 5.95%, due 3/15/2055 | &nbsp;&nbsp; 247252 |
|  |  | LYB International Finance III LLC |  |
|  | 145000 | &nbsp;&nbsp;&nbsp; 5.88%, due 1/15/2036 | &nbsp;&nbsp; 143414 |
|  | 60000 | &nbsp;&nbsp;&nbsp; 4.20%, due 10/15/2049 | &nbsp;&nbsp; 42690 |
|  | 80000 | &nbsp;&nbsp;&nbsp; 3.63%, due 4/1/2051 | &nbsp;&nbsp; 51088 |
|  | 70000 | Mosaic Co., 4.60%, due 11/15/2030 | &nbsp;&nbsp; 70191 |
|  |  | Westlake Corp. |  |
|  | 40000 | &nbsp;&nbsp;&nbsp; 5.55%, due 11/15/2035 | &nbsp;&nbsp; 39854 |
|  | 95000 | &nbsp;&nbsp;&nbsp; 6.38%, due 11/15/2055 | &nbsp;&nbsp; 93964 |
|  |  | WR Grace Holdings LLC |  |
|  | 53000 | &nbsp;&nbsp;&nbsp; 4.88%, due 6/15/2027 | &nbsp;&nbsp; 53000<br> <sup>(a)</sup><br>|
|  | 90000 | &nbsp;&nbsp;&nbsp; 7.38%, due 3/1/2031 | &nbsp;&nbsp; 91867<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **888275** |
| **Commercial Services 1.0%** | **Commercial Services 1.0%** | **Commercial Services 1.0%** | **Commercial Services 1.0%** |
|  | 180000 | Block, Inc., 6.50%, due 5/15/2032 | &nbsp;&nbsp; 187012 |
|  | 55000 | Herc Holdings, Inc., 7.25%, due 6/15/2033 | &nbsp;&nbsp; 58207<br> <sup>(a)</sup><br>|
|  | 155000 | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc., 6.75%, due 8/15/2032 | &nbsp;&nbsp; 158130<br> <sup>(a)</sup><br>|
|  | 50000 | Veritiv Operating Co., 10.50%, due 11/30/2030 | &nbsp;&nbsp; 53537<br> <sup>(a)</sup><br>|
|  | 70000 | Wand NewCo 3, Inc., 7.63%, due 1/30/2032 | &nbsp;&nbsp; 73601<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **530487** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Distribution - Wholesale 0.4%** | **Distribution - Wholesale 0.4%** | **Distribution - Wholesale 0.4%** |
| $70000 | Resideo Funding, Inc., 4.00%, due 9/1/2029 | &nbsp;&nbsp; $67429<br> <sup>(a)</sup><br>|
| 160000 | Windsor Holdings III LLC, 8.50%, due 6/15/2030 | &nbsp;&nbsp; 168598<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **236027** |
| **Diversified Financial Services 1.9%** | **Diversified Financial Services 1.9%** | **Diversified Financial Services 1.9%** |
| 85000 | Ally Financial, Inc., 4.70%, due 5/15/2028 | &nbsp;&nbsp; 81473<br> <sup>(e)(f)</sup><br>|
| 100000 | Charles Schwab Corp., 4.00%, due 6/1/2026 | &nbsp;&nbsp; 99601<br> <sup>(e)(f)</sup><br>|
| 140000 | Jane Street Group/JSG Finance, Inc., 7.13%, due 4/30/2031 | &nbsp;&nbsp; 147198<br> <sup>(a)</sup><br>|
| 140000 | OneMain Finance Corp., 3.88%, due 9/15/2028 | &nbsp;&nbsp; 136150 |
| 100000 | PennyMac Financial Services, Inc., 7.13%, due 11/15/2030 | &nbsp;&nbsp; 103240<br> <sup>(a)</sup><br>|
|  | Stellantis Financial Services U.S. Corp. |  |
| 200000 | &nbsp;&nbsp;&nbsp; 4.95%, due 9/15/2028 | &nbsp;&nbsp; 202795<br> <sup>(a)</sup><br>|
| 200000 | &nbsp;&nbsp;&nbsp; 5.40%, due 9/15/2030 | &nbsp;&nbsp; 203150<br> <sup>(a)</sup><br>|
| 50000 | UWM Holdings LLC, 6.63%, due 2/1/2030 | &nbsp;&nbsp; 50432<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1024039** |
| **Electric 4.5%** | **Electric 4.5%** | **Electric 4.5%** |
| 85000 | Alpha Generation LLC, 6.75%, due 10/15/2032 | &nbsp;&nbsp; 88128<br> <sup>(a)</sup><br>|
| 125000 | Arizona Public Service Co., 5.90%, due 8/15/2055 | &nbsp;&nbsp; 127255 |
| 50000 | Basin Electric Power Cooperative, 5.85%, due 10/15/2055 | &nbsp;&nbsp; 49425<br> <sup>(a)</sup><br>|
| 250000 | Comision Federal de Electricidad, 3.35%, due 2/9/2031 | &nbsp;&nbsp; 226055<br> <sup>(a)</sup><br>|
| 120000 | Constellation Energy Generation LLC, 5.88%, due 1/15/2066 | &nbsp;&nbsp; 117067 |
| 60000 | Dominion Energy, Inc., 5.00%, due 6/15/2030 | &nbsp;&nbsp; 61577 |
| 135000 | Duke Energy Corp., 5.70%, due 9/15/2055 | &nbsp;&nbsp; 131351 |
| 40000 | Exelon Corp., 4.05%, due 4/15/2030 | &nbsp;&nbsp; 39628 |
| 247627 | FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, 7.25%, due 1/31/2041 | &nbsp;&nbsp; 257559<br> <sup>(a)</sup><br>|
| 95000 | NextEra Energy Capital Holdings, Inc., 4.90%, due 2/28/2028 | &nbsp;&nbsp; 96721 |
|  | NRG Energy, Inc. |  |
| 45000 | &nbsp;&nbsp;&nbsp; 4.73%, due 10/15/2030 | &nbsp;&nbsp; 44991<br> <sup>(a)</sup><br>|
| 260000 | &nbsp;&nbsp;&nbsp; 6.00%, due 2/1/2033 | &nbsp;&nbsp; 264989<br> <sup>(a)</sup><br>|
| 30000 | &nbsp;&nbsp;&nbsp; 5.41%, due 10/15/2035 | &nbsp;&nbsp; 29861<br> <sup>(a)</sup><br>|
|  | Pacific Gas & Electric Co. |  |
| 105000 | &nbsp;&nbsp;&nbsp; 5.05%, due 10/15/2032 | &nbsp;&nbsp; 105816 |
| 80000 | &nbsp;&nbsp;&nbsp; 6.40%, due 6/15/2033 | &nbsp;&nbsp; 86205 |
| 55000 | &nbsp;&nbsp;&nbsp; 5.70%, due 3/1/2035 | &nbsp;&nbsp; 56365 |
| 160000 | &nbsp;&nbsp;&nbsp; 4.95%, due 7/1/2050 | &nbsp;&nbsp; 135680 |
| 60000 | &nbsp;&nbsp;&nbsp; 6.10%, due 10/15/2055 | &nbsp;&nbsp; 59088 |
|  | Pinnacle West Capital Corp. |  |
| 83000 | &nbsp;&nbsp;&nbsp; 4.90%, due 5/15/2028 | &nbsp;&nbsp; 84493 |
| 45000 | &nbsp;&nbsp;&nbsp; 5.15%, due 5/15/2030 | &nbsp;&nbsp; 46349 |
| 40000 | Public Service Enterprise Group, Inc., 4.90%, due 3/15/2030 | &nbsp;&nbsp; 40900 |
| 35000 | Southern California Edison Co., 2.50%, due 6/1/2031 | &nbsp;&nbsp; 31521 |
| 190000 | Vistra Operations Co. LLC, 6.88%, due 4/15/2032 | &nbsp;&nbsp; 199641<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **2380665** |
| **Electronics 0.9%** | **Electronics 0.9%** | **Electronics 0.9%** |
|  | Amphenol Corp. |  |
| 145000 | &nbsp;&nbsp;&nbsp; 4.40%, due 2/15/2033 | &nbsp;&nbsp; 143336 |
| 155000 | &nbsp;&nbsp;&nbsp; 4.63%, due 2/15/2036 | &nbsp;&nbsp; 151601 |
| 60000 | &nbsp;&nbsp;&nbsp; 5.30%, due 11/15/2055 | &nbsp;&nbsp; 57235 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Electronics – cont'd** | **Electronics – cont'd** | **Electronics – cont'd** | **Electronics – cont'd** |
| $| 140000 | Imola Merger Corp., 4.75%, due 5/15/2029 | &nbsp;&nbsp; $137750<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **489922** |
| **Entertainment 0.6%** | **Entertainment 0.6%** | **Entertainment 0.6%** | **Entertainment 0.6%** |
|  | 145000 | Churchill Downs, Inc., 6.75%, due 5/1/2031 | &nbsp;&nbsp; 149398<br> <sup>(a)</sup><br>|
|  | 80000 | Six Flags Entertainment Corp., 7.25%, due 5/15/2031 | &nbsp;&nbsp; 78950<br> <sup>(a)</sup><br>|
|  | 100000 | &nbsp;&nbsp; Six Flags Entertainment Corp./Canada's Wonderland Co./Magnum Management Corp., 5.25%, due <br> 7/15/2029<br>| &nbsp;&nbsp; 96021 |
|  |  |  | &nbsp;&nbsp; **324369** |
| **Food 0.5%** | **Food 0.5%** | **Food 0.5%** | **Food 0.5%** |
|  | 90000 | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC, 5.88%, due 2/15/2028 | &nbsp;&nbsp; 90027<br> <sup>(a)</sup><br>|
|  | 45000 | JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings, 5.95%, due 4/20/2035 | &nbsp;&nbsp; 47288 |
|  |  | Performance Food Group, Inc. |  |
|  | 80000 | &nbsp;&nbsp;&nbsp; 5.50%, due 10/15/2027 | &nbsp;&nbsp; 80043<br> <sup>(a)</sup><br>|
|  | 20000 | &nbsp;&nbsp;&nbsp; 4.25%, due 8/1/2029 | &nbsp;&nbsp; 19583<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **236941** |
| **Healthcare - Products 0.1%** | **Healthcare - Products 0.1%** | **Healthcare - Products 0.1%** | **Healthcare - Products 0.1%** |
|  | 70000 | Medline Borrower LP, 3.88%, due 4/1/2029 | &nbsp;&nbsp; **68440**<br> <sup>(a)</sup><br>|
| **Healthcare - Services 1.5%** | **Healthcare - Services 1.5%** | **Healthcare - Services 1.5%** | **Healthcare - Services 1.5%** |
|  | 135000 | Cigna Group, 5.25%, due 1/15/2036 | &nbsp;&nbsp; 136882 |
|  | 50000 | HCA, Inc., 5.45%, due 4/1/2031 | &nbsp;&nbsp; 51983 |
|  | 90000 | Molina Healthcare, Inc., 6.25%, due 1/15/2033 | &nbsp;&nbsp; 90635<br> <sup>(a)</sup><br>|
|  | 160000 | Team Health Holdings, Inc., 8.38%, due 6/30/2028 | &nbsp;&nbsp; 161947<br> <sup>(a)</sup><br>|
|  |  | Tenet Healthcare Corp. |  |
|  | 110000 | &nbsp;&nbsp;&nbsp; 4.63%, due 6/15/2028 | &nbsp;&nbsp; 109693 |
|  | 20000 | &nbsp;&nbsp;&nbsp; 6.88%, due 11/15/2031 | &nbsp;&nbsp; 21858 |
|  |  | UnitedHealth Group, Inc. |  |
|  | 85000 | &nbsp;&nbsp;&nbsp; 4.40%, due 6/15/2028 | &nbsp;&nbsp; 85894 |
|  | 140000 | &nbsp;&nbsp;&nbsp; 4.65%, due 1/15/2031 | &nbsp;&nbsp; 141747 |
|  |  |  | &nbsp;&nbsp; **800639** |
| **Home Builders 0.2%** | **Home Builders 0.2%** | **Home Builders 0.2%** | **Home Builders 0.2%** |
|  | 80000 | LGI Homes, Inc., 7.00%, due 11/15/2032 | &nbsp;&nbsp; **78025**<br> <sup>(a)</sup><br>|
| **Insurance 1.1%** | **Insurance 1.1%** | **Insurance 1.1%** | **Insurance 1.1%** |
|  | 185000 | Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer, 6.75%, due 4/15/2028 | &nbsp;&nbsp; 188061<br> <sup>(a)</sup><br>|
|  | 150000 | &nbsp;&nbsp; Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 7.13%, due <br> 5/15/2031<br>| &nbsp;&nbsp; 154249<br> <sup>(a)</sup><br>|
|  | 75000 | Equitable Holdings, Inc., 6.70%, due 3/28/2055 | &nbsp;&nbsp; 78759<br> <sup>(e)</sup><br>|
|  | 45000 | Global Atlantic Fin Co., 7.95%, due 10/15/2054 | &nbsp;&nbsp; 46513<br> <sup>(a)(e)</sup><br>|
|  | 130000 | HUB International Ltd., 7.25%, due 6/15/2030 | &nbsp;&nbsp; 135636<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **603218** |
| **Internet 3.5%** | **Internet 3.5%** | **Internet 3.5%** | **Internet 3.5%** |
|  |  | Alphabet, Inc. |  |
|  | 120000 | &nbsp;&nbsp;&nbsp; 4.10%, due 11/15/2030 | &nbsp;&nbsp; 120097 |
|  | 35000 | &nbsp;&nbsp;&nbsp; 4.38%, due 11/15/2032 | &nbsp;&nbsp; 35117 |
|  | 55000 | &nbsp;&nbsp;&nbsp; 4.70%, due 11/15/2035 | &nbsp;&nbsp; 54752 |
|  | 60000 | &nbsp;&nbsp;&nbsp; 5.35%, due 11/15/2045 | &nbsp;&nbsp; 59194 |
|  | 130000 | &nbsp;&nbsp;&nbsp; 5.25%, due 5/15/2055 | &nbsp;&nbsp; 123860 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Internet – cont'd** | **Internet – cont'd** | **Internet – cont'd** | **Internet – cont'd** |
| $| 140000 | &nbsp;&nbsp;&nbsp; 5.45%, due 11/15/2055 | &nbsp;&nbsp; $136542 |
|  | 35000 | &nbsp;&nbsp;&nbsp; 5.30%, due 5/15/2065 | &nbsp;&nbsp; 32711 |
|  | 100000 | &nbsp;&nbsp;&nbsp; 5.70%, due 11/15/2075 | &nbsp;&nbsp; 98179 |
|  |  | AppLovin Corp. |  |
|  | 155000 | &nbsp;&nbsp;&nbsp; 5.13%, due 12/1/2029 | &nbsp;&nbsp; 158994 |
|  | 95000 | &nbsp;&nbsp;&nbsp; 5.38%, due 12/1/2031 | &nbsp;&nbsp; 98192 |
|  | 250000 | Beignet Investor LLC, 6.58%, due 5/30/2049 | &nbsp;&nbsp; 260304<br> <sup>(a)</sup><br>|
|  | 80000 | Gen Digital, Inc., 6.25%, due 4/1/2033 | &nbsp;&nbsp; 80386<br> <sup>(a)</sup><br>|
|  |  | Meta Platforms, Inc. |  |
|  | 80000 | &nbsp;&nbsp;&nbsp; 4.60%, due 11/15/2032 | &nbsp;&nbsp; 80200 |
|  | 190000 | &nbsp;&nbsp;&nbsp; 5.50%, due 11/15/2045 | &nbsp;&nbsp; 182710 |
|  | 170000 | &nbsp;&nbsp;&nbsp; 5.63%, due 11/15/2055 | &nbsp;&nbsp; 161752 |
|  | 105000 | &nbsp;&nbsp;&nbsp; 5.75%, due 11/15/2065 | &nbsp;&nbsp; 99281 |
|  |  | Uber Technologies, Inc. |  |
|  | 70000 | &nbsp;&nbsp;&nbsp; 4.80%, due 9/15/2035 | &nbsp;&nbsp; 69253 |
|  | 30000 | &nbsp;&nbsp;&nbsp; 5.35%, due 9/15/2054 | &nbsp;&nbsp; 28545 |
|  |  |  | &nbsp;&nbsp; **1880069** |
| **Leisure Time 0.6%** | **Leisure Time 0.6%** | **Leisure Time 0.6%** | **Leisure Time 0.6%** |
|  | 175000 | Carnival Corp., 6.13%, due 2/15/2033 | &nbsp;&nbsp; 180024<br> <sup>(a)</sup><br>|
|  | 30000 | NCL Corp. Ltd., 6.75%, due 2/1/2032 | &nbsp;&nbsp; 30744<br> <sup>(a)</sup><br>|
|  | 40000 | Viking Cruises Ltd., 7.00%, due 2/15/2029 | &nbsp;&nbsp; 40161<br> <sup>(a)</sup><br>|
|  | 80000 | Viking Ocean Cruises Ship VII Ltd., 5.63%, due 2/15/2029 | &nbsp;&nbsp; 80004<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **330933** |
| **Machinery - Construction & Mining 0.1%** | **Machinery - Construction & Mining 0.1%** | **Machinery - Construction & Mining 0.1%** | **Machinery - Construction & Mining 0.1%** |
|  | 50000 | Terex Corp., 6.25%, due 10/15/2032 | &nbsp;&nbsp; **51195**<br> <sup>(a)</sup><br>|
| **Media 1.3%** | **Media 1.3%** | **Media 1.3%** | **Media 1.3%** |
|  | 300000 | CCO Holdings LLC/CCO Holdings Capital Corp., 4.50%, due 6/1/2033 | &nbsp;&nbsp; 262490<br> <sup>(a)</sup><br>|
|  |  | Charter Communications Operating LLC/Charter Communications Operating Capital |  |
|  | 80000 | &nbsp;&nbsp;&nbsp; 5.85%, due 12/1/2035 | &nbsp;&nbsp; 79620 |
|  | 90000 | &nbsp;&nbsp;&nbsp; 3.50%, due 6/1/2041 | &nbsp;&nbsp; 64410 |
|  | 125000 | &nbsp;&nbsp;&nbsp; 6.70%, due 12/1/2055 | &nbsp;&nbsp; 120705 |
|  | 180000 | Sirius XM Radio LLC, 4.13%, due 7/1/2030 | &nbsp;&nbsp; 169744<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **696969** |
| **Mining 0.3%** | **Mining 0.3%** | **Mining 0.3%** | **Mining 0.3%** |
|  | 65000 | Kaiser Aluminum Corp., 4.50%, due 6/1/2031 | &nbsp;&nbsp; 62749<br> <sup>(a)</sup><br>|
|  | 80000 | Novelis Corp., 6.88%, due 1/30/2030 | &nbsp;&nbsp; 82916<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **145665** |
| **Multi-National 1.2%** | **Multi-National 1.2%** | **Multi-National 1.2%** | **Multi-National 1.2%** |
|  | 65000 | African Development Bank, 4.13%, due 1/22/2036 | &nbsp;&nbsp; 63967 |
|  | 95000 | Asian Development Bank, 4.25%, due 1/14/2036 | &nbsp;&nbsp; 94704 |
|  | 40000 | Asian Infrastructure Investment Bank, 4.13%, due 1/14/2036 | &nbsp;&nbsp; 39531 |
|  | 90000 | Corp. Andina de Fomento, 4.63%, due 1/15/2036 | &nbsp;&nbsp; 89468 |
|  | 75000 | Council of Europe Development Bank, 3.75%, due 1/14/2031 | &nbsp;&nbsp; 74759 |
|  | 55000 | Inter-American Development Bank, 4.13%, due 1/23/2036 | &nbsp;&nbsp; 54160 |
|  | 240000 | Nordic Investment Bank, 3.75%, due 1/23/2031 | &nbsp;&nbsp; 238956 |
|  |  |  | &nbsp;&nbsp; **655545** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Office - Business Equipment 0.1%** | **Office - Business Equipment 0.1%** | **Office - Business Equipment 0.1%** |
| $50000 | CDW LLC/CDW Finance Corp., 2.67%, due 12/1/2026 | &nbsp;&nbsp; **$49419** |
| **Oil & Gas 2.6%** | **Oil & Gas 2.6%** | **Oil & Gas 2.6%** |
| 200000 | Ascent Resources Utica Holdings LLC/ARU Finance Corp., 6.63%, due 10/15/2032 | &nbsp;&nbsp; 207275<br> <sup>(a)</sup><br>|
| 40000 | Coterra Energy, Inc., 5.40%, due 2/15/2035 | &nbsp;&nbsp; 40714 |
| 210000 | Devon Energy Corp., 5.75%, due 9/15/2054 | &nbsp;&nbsp; 199511 |
|  | Diamondback Energy, Inc. |  |
| 50000 | &nbsp;&nbsp;&nbsp; 5.20%, due 4/18/2027 | &nbsp;&nbsp; 50692 |
| 175000 | &nbsp;&nbsp;&nbsp; 5.55%, due 4/1/2035 | &nbsp;&nbsp; 180141 |
| 105000 | &nbsp;&nbsp;&nbsp; 5.75%, due 4/18/2054 | &nbsp;&nbsp; 100317 |
| 230000 | Occidental Petroleum Corp., 6.05%, due 10/1/2054 | &nbsp;&nbsp; 221395 |
| 140000 | Permian Resources Operating LLC, 7.00%, due 1/15/2032 | &nbsp;&nbsp; 146762<br> <sup>(a)</sup><br>|
| 250000 | Petroleos Mexicanos, 7.69%, due 1/23/2050 | &nbsp;&nbsp; 224905 |
| 19000 | Phillips 66, 1.30%, due 2/15/2026 | &nbsp;&nbsp; 18975 |
|  |  | &nbsp;&nbsp; **1390687** |
| **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** | **Oil & Gas Services 0.1%** |
| 60000 | USA Compression Partners LP/USA Compression Finance Corp., 7.13%, due 3/15/2029 | &nbsp;&nbsp; **62125**<br> <sup>(a)</sup><br>|
| **Packaging & Containers 0.7%** | **Packaging & Containers 0.7%** | **Packaging & Containers 0.7%** |
| 200000 | Mauser Packaging Solutions Holding Co., 7.88%, due 4/15/2030 | &nbsp;&nbsp; 203750<br> <sup>(a)</sup><br>|
| 135000 | Sealed Air Corp., 6.50%, due 7/15/2032 | &nbsp;&nbsp; 140150<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **343900** |
| **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** | **Pharmaceuticals 1.5%** |
| 390000 | AbbVie, Inc., 2.95%, due 11/21/2026 | &nbsp;&nbsp; 387376 |
| 105000 | Becton Dickinson & Co., 4.67%, due 6/6/2047 | &nbsp;&nbsp; 91603 |
|  | CVS Health Corp. |  |
| 120000 | &nbsp;&nbsp;&nbsp; 3.00%, due 8/15/2026 | &nbsp;&nbsp; 119347 |
| 20000 | &nbsp;&nbsp;&nbsp; 5.63%, due 2/21/2053 | &nbsp;&nbsp; 18719 |
| 20000 | &nbsp;&nbsp;&nbsp; 6.20%, due 9/15/2055 | &nbsp;&nbsp; 20199 |
|  | Merck & Co., Inc. |  |
| 85000 | &nbsp;&nbsp;&nbsp; 4.45%, due 12/4/2032 | &nbsp;&nbsp; 85210 |
| 60000 | &nbsp;&nbsp;&nbsp; 5.50%, due 3/15/2046 | &nbsp;&nbsp; 59685 |
|  |  | &nbsp;&nbsp; **782139** |
| **Pipelines 2.4%** | **Pipelines 2.4%** | **Pipelines 2.4%** |
|  | Enbridge, Inc. |  |
| 15000 | &nbsp;&nbsp;&nbsp; 5.30%, due 4/5/2029 | &nbsp;&nbsp; 15476 |
| 100000 | &nbsp;&nbsp;&nbsp; 5.63%, due 4/5/2034 | &nbsp;&nbsp; 104130 |
|  | Energy Transfer LP |  |
| 35000 | &nbsp;&nbsp;&nbsp; 6.13%, due 12/15/2045 | &nbsp;&nbsp; 34795 |
| 25000 | &nbsp;&nbsp;&nbsp; 5.00%, due 5/15/2050 | &nbsp;&nbsp; 21125 |
| 120000 | Genesis Energy LP/Genesis Energy Finance Corp., 7.75%, due 2/1/2028 | &nbsp;&nbsp; 120516 |
| 185000 | Harvest Midstream I LP, 7.50%, due 9/1/2028 | &nbsp;&nbsp; 187542<br> <sup>(a)</sup><br>|
| 170000 | NGL Energy Operating LLC/NGL Energy Finance Corp., 8.13%, due 2/15/2029 | &nbsp;&nbsp; 176414<br> <sup>(a)</sup><br>|
| 70000 | ONEOK, Inc., 6.25%, due 10/15/2055 | &nbsp;&nbsp; 70377 |
| 170000 | Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp., 6.00%, due 12/31/2030 | &nbsp;&nbsp; 172512<br> <sup>(a)</sup><br>|
|  | Transcontinental Gas Pipe Line Co. LLC |  |
| 25000 | &nbsp;&nbsp;&nbsp; 5.10%, due 3/15/2036 | &nbsp;&nbsp; 25094<br> <sup>(a)</sup><br>|
| 45000 | &nbsp;&nbsp;&nbsp; 5.75%, due 3/15/2056 | &nbsp;&nbsp; 44688<br> <sup>(a)</sup><br>|
| 230000 | Venture Global LNG, Inc., 8.38%, due 6/1/2031 | &nbsp;&nbsp; 235247<br> <sup>(a)</sup><br>|

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | | |
|:---|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Principal Amount** | **Value** |
| **Pipelines – cont'd** | **Pipelines – cont'd** | **Pipelines – cont'd** | **Pipelines – cont'd** |
| $| 45000 | Western Midstream Operating LP, 4.80%, due 3/1/2031 | &nbsp;&nbsp; $45022 |
|  |  |  | &nbsp;&nbsp; **1252938** |
| **Real Estate Investment Trusts 1.6%** | **Real Estate Investment Trusts 1.6%** | **Real Estate Investment Trusts 1.6%** | **Real Estate Investment Trusts 1.6%** |
|  |  | Blackstone Mortgage Trust, Inc. |  |
|  | 45000 | &nbsp;&nbsp;&nbsp; 3.75%, due 1/15/2027 | &nbsp;&nbsp; 44404<br> <sup>(a)</sup><br>|
|  | 40000 | &nbsp;&nbsp;&nbsp; 7.75%, due 12/1/2029 | &nbsp;&nbsp; 42877<br> <sup>(a)</sup><br>|
|  | 60000 | Crown Castle, Inc., 1.05%, due 7/15/2026 | &nbsp;&nbsp; 59225 |
|  | 70000 | Iron Mountain, Inc., 5.63%, due 7/15/2032 | &nbsp;&nbsp; 69123<br> <sup>(a)</sup><br>|
|  | 90000 | &nbsp;&nbsp; Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer, 5.88%, due <br> 10/1/2028<br>| &nbsp;&nbsp; 90001<br> <sup>(a)</sup><br>|
|  | 160000 | Prologis Targeted U.S. Logistics Fund LP, 4.75%, due 1/15/2036 | &nbsp;&nbsp; 155867<br> <sup>(a)</sup><br>|
|  | 70000 | RHP Hotel Properties LP/RHP Finance Corp., 4.75%, due 10/15/2027 | &nbsp;&nbsp; 69944 |
|  | 140000 | RLJ Lodging Trust LP, 4.00%, due 9/15/2029 | &nbsp;&nbsp; 132855<br> <sup>(a)</sup><br>|
|  | 170000 | Starwood Property Trust, Inc., 6.50%, due 7/1/2030 | &nbsp;&nbsp; 177032<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **841328** |
| **Retail 0.5%** | **Retail 0.5%** | **Retail 0.5%** | **Retail 0.5%** |
|  | 80000 | Bath & Body Works, Inc., 6.63%, due 10/1/2030 | &nbsp;&nbsp; 81928<br> <sup>(a)</sup><br>|
|  | 150000 | Cougar JV Subsidiary LLC, 8.00%, due 5/15/2032 | &nbsp;&nbsp; 160293<br> <sup>(a)</sup><br>|
|  |  |  | &nbsp;&nbsp; **242221** |
| **Semiconductors 3.3%** | **Semiconductors 3.3%** | **Semiconductors 3.3%** | **Semiconductors 3.3%** |
|  |  | Applied Materials, Inc. |  |
|  | 70000 | &nbsp;&nbsp;&nbsp; 4.00%, due 1/15/2031 | &nbsp;&nbsp; 69351 |
|  | 40000 | &nbsp;&nbsp;&nbsp; 4.60%, due 1/15/2036 | &nbsp;&nbsp; 39345 |
|  |  | Broadcom, Inc. |  |
|  | 105000 | &nbsp;&nbsp;&nbsp; 5.05%, due 7/12/2029 | &nbsp;&nbsp; 108176 |
|  | 85000 | &nbsp;&nbsp;&nbsp; 4.60%, due 7/15/2030 | &nbsp;&nbsp; 86189 |
|  | 95000 | &nbsp;&nbsp;&nbsp; 5.15%, due 11/15/2031 | &nbsp;&nbsp; 98488 |
|  |  | Foundry JV Holdco LLC |  |
|  | 200000 | &nbsp;&nbsp;&nbsp; 5.50%, due 1/25/2031 | &nbsp;&nbsp; 207119<br> <sup>(a)</sup><br>|
|  | 110000 | &nbsp;&nbsp;&nbsp; 6.25%, due 1/25/2035 | &nbsp;&nbsp; 116979<br> <sup>(a)</sup><br>|
|  | 200000 | &nbsp;&nbsp;&nbsp; 6.10%, due 1/25/2036 | &nbsp;&nbsp; 210457<br> <sup>(a)</sup><br>|
|  | 200000 | &nbsp;&nbsp;&nbsp; 6.20%, due 1/25/2037 | &nbsp;&nbsp; 211326<br> <sup>(a)</sup><br>|
|  |  | Intel Corp. |  |
|  | 115000 | &nbsp;&nbsp;&nbsp; 4.80%, due 10/1/2041 | &nbsp;&nbsp; 103213 |
|  | 45000 | &nbsp;&nbsp;&nbsp; 3.73%, due 12/8/2047 | &nbsp;&nbsp; 32406 |
|  | 65000 | &nbsp;&nbsp;&nbsp; 3.25%, due 11/15/2049 | &nbsp;&nbsp; 42344 |
|  | 75000 | &nbsp;&nbsp;&nbsp; 4.75%, due 3/25/2050 | &nbsp;&nbsp; 62113 |
|  | 25000 | &nbsp;&nbsp;&nbsp; 4.90%, due 8/5/2052 | &nbsp;&nbsp; 21000 |
|  | 210000 | &nbsp;&nbsp;&nbsp; 5.60%, due 2/21/2054 | &nbsp;&nbsp; 196874 |
|  | 125000 | NXP BV/NXP Funding LLC/NXP USA, Inc., 5.25%, due 8/19/2035 | &nbsp;&nbsp; 126443 |
|  |  |  | &nbsp;&nbsp; **1731823** |
| **Software 2.9%** | **Software 2.9%** | **Software 2.9%** | **Software 2.9%** |
|  | 190000 | Cloud Software Group, Inc., 8.25%, due 6/30/2032 | &nbsp;&nbsp; 193246<br> <sup>(a)</sup><br>|
|  |  | Oracle Corp. |  |
|  | 80000 | &nbsp;&nbsp;&nbsp; 5.20%, due 9/26/2035 | &nbsp;&nbsp; 76240 |
|  | 90000 | &nbsp;&nbsp;&nbsp; 5.38%, due 9/27/2054 | &nbsp;&nbsp; 72311 |
|  | 170000 | &nbsp;&nbsp;&nbsp; 6.00%, due 8/3/2055 | &nbsp;&nbsp; 148795 |
|  | 510000 | &nbsp;&nbsp;&nbsp; 5.95%, due 9/26/2055 | &nbsp;&nbsp; 449704 |

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

---

| | | |
|:---|:---|:---|
| **Principal Amount** | **Principal Amount** | **Value** |
| **Software – cont'd** | **Software – cont'd** | **Software – cont'd** |
| 120000 | Salesforce, Inc., 2.70%, due 7/15/2041 | &nbsp;&nbsp; $86056 |
|  | Synopsys, Inc. |  |
| 400000 | &nbsp;&nbsp;&nbsp; 5.15%, due 4/1/2035 | &nbsp;&nbsp; 405462 |
| 55000 | &nbsp;&nbsp;&nbsp; 5.70%, due 4/1/2055 | &nbsp;&nbsp; 54241 |
| 65000 | UKG, Inc., 6.88%, due 2/1/2031 | &nbsp;&nbsp; 64948<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **1551003** |
| **Telecommunications 0.3%** | **Telecommunications 0.3%** | **Telecommunications 0.3%** |
| 60000 | Rogers Communications, Inc., 7.13%, due 4/15/2055 | &nbsp;&nbsp; 62919<br> <sup>(e)</sup><br>|
| 105642 | Zayo Group Holdings, Inc., 9.25%, due 3/9/2030 | &nbsp;&nbsp; 103154<br> <sup>(a)</sup><br>|
|  |  | &nbsp;&nbsp; **166073** |
| **Transportation 0.1%** | **Transportation 0.1%** | **Transportation 0.1%** |
| 40000 | XPO, Inc., 7.13%, due 2/1/2032 | &nbsp;&nbsp; **42050**<br> <sup>(a)</sup><br>|
| **Total Corporate Bonds (Cost $26,845,834)** | **Total Corporate Bonds (Cost $26,845,834)** | &nbsp;&nbsp; **27042827** |
| **Foreign Government Securities 4.9%** | **Foreign Government Securities 4.9%** | **Foreign Government Securities 4.9%** |
| 250000 | Brazil Government International Bonds, 6.13%, due 3/15/2034 | &nbsp;&nbsp; 252725 |
| 200000 | Costa Rica Government International Bonds, 6.55%, due 4/3/2034 | &nbsp;&nbsp; 216524<br> <sup>(a)</sup><br>|
| 205000 | Export-Import Bank of Korea, 3.75%, due 9/22/2030 | &nbsp;&nbsp; 202682 |
| 250000 | Oman Government International Bonds, 6.50%, due 3/8/2047 | &nbsp;&nbsp; 263822<br> <sup>(a)</sup><br>|
| 250000 | Panama Government International Bonds, 2.25%, due 9/29/2032 | &nbsp;&nbsp; 206225 |
| 250000 | Paraguay Government International Bonds, 5.40%, due 3/30/2050 | &nbsp;&nbsp; 230465<br> <sup>(a)</sup><br>|
|  | Province of British Columbia |  |
| 115000 | &nbsp;&nbsp;&nbsp; 3.90%, due 8/27/2030 | &nbsp;&nbsp; 114816 |
| 95000 | &nbsp;&nbsp;&nbsp; 4.80%, due 6/11/2035 | &nbsp;&nbsp; 96861 |
| 125000 | Province of Manitoba, 4.90%, due 5/31/2034 | &nbsp;&nbsp; 128742 |
|  | Province of Ontario |  |
| 165000 | &nbsp;&nbsp;&nbsp; 3.90%, due 9/4/2030 | &nbsp;&nbsp; 164742 |
| 60000 | &nbsp;&nbsp;&nbsp; 4.45%, due 11/20/2035 | &nbsp;&nbsp; 59548 |
|  | Province of Quebec |  |
| 95000 | &nbsp;&nbsp;&nbsp; 3.88%, due 1/14/2031 | &nbsp;&nbsp; 94559 |
| 125000 | &nbsp;&nbsp;&nbsp; 4.63%, due 8/28/2035 | &nbsp;&nbsp; 125676 |
| 250000 | Qatar Government International Bonds, 3.75%, due 4/16/2030 | &nbsp;&nbsp; 247322<br> <sup>(a)</sup><br>|
| 250000 | Republic of South Africa Government International Bonds, 5.65%, due 9/27/2047 | &nbsp;&nbsp; 206583 |
| **Total Foreign Government Securities (Cost $2,537,955)** | **Total Foreign Government Securities (Cost $2,537,955)** | &nbsp;&nbsp; **2611292** |
| **Number of Shares** | **Number of Shares** |  |
| **Short-Term Investments 1.6%** | **Short-Term Investments 1.6%** | **Short-Term Investments 1.6%** |
| **Investment Companies 1.6%** | **Investment Companies 1.6%** | **Investment Companies 1.6%** |
| 884409 | &nbsp;&nbsp; State Street Institutional U.S. Government Money Market Fund Premier Class, 3.65%<sup>(g)</sup> <br> **(Cost $884,409)**<br>| &nbsp;&nbsp; **884409** |
| **Total Investments 99.3% (Cost $52,219,399)** | **Total Investments 99.3% (Cost $52,219,399)** | &nbsp;&nbsp; **52720682** |
| Other Assets Less Liabilities 0.7% | Other Assets Less Liabilities 0.7% | &nbsp;&nbsp; 350727<br> <sup>(h)</sup><br>|
| **Net Assets 100.0%** | **Net Assets 100.0%** | &nbsp;&nbsp; **$53071409** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Securities were purchased under Rule 144A of the Securities Act of 1933, as amended,
 or are otherwise restricted and, unless registered under the Securities Act of 1933 or exempted from
 registration, may only be sold to qualified institutional investors or may have other restrictions on resale.
 At January 31, 2026, these securities amounted to $24,469,583, which represents 46.1% of net assets of
 the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Variable or floating rate security where the stated interest rate is not based on
 a published reference rate and spread. Rather, the interest rate adjusts periodically based on changes in current
 interest rates and prepayments on the underlying pool of assets. The interest rate shown was the current
 rate as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Variable or floating rate security. The interest rate shown was the current rate as
 of January 31, 2026 and changes periodically.

&nbsp;&nbsp;&nbsp;&nbsp;(d) When-issued security. Total value of all such securities at January 31, 2026 amounted
 to $268,485, which represents 0.5% of net assets of the Fund.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Security issued at a fixed coupon rate, which converts to a variable rate at a future
 date. Rate shown is the rate in effect as of period end.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Perpetual security. Perpetual securities have no stated maturity date, but they may
 be called/redeemed by the issuer. The date shown reflects the next call date.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Represents 7-day effective yield as of January 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(h) Includes the impact of the Fund's open positions in derivatives at January 31, 2026.

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** | **POSITIONS BY COUNTRY** |
| **Country** | **Investments at** <br>**Value**<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Percentage of** <br>**Net Assets**<br>|
| United States | $44105738 | 83.1% |
| Cayman Islands | 1502776 | 2.8% |
| Canada | 1093435 | 2.1% |
| United Kingdom | 823001 | 1.6% |
| Mexico | 708519 | 1.3% |
| Supranational | 655545 | 1.2% |
| Jersey | 501344 | 0.9% |
| Oman | 263822 | 0.5% |
| Brazil | 252725 | 0.5% |
| Qatar | 247322 | 0.5% |
| Paraguay | 230465 | 0.4% |
| Costa Rica | 216524 | 0.4% |
| Switzerland | 208730 | 0.4% |
| South Africa | 206583 | 0.4% |
| Panama | 206225 | 0.4% |
| Korea | 202682 | 0.4% |
| Germany | 151753 | 0.3% |
| Netherlands | 126443 | 0.2% |
| Austria | 89625 | 0.2% |
| Belgium | 43016 | 0.1% |
| Short-Term Investments and Other Assets—Net | 1235136 | 2.3% |
|  | **$53071409** | **100.0%** |

---

See Notes to Schedule of Investments

------

Schedule of Investments Total Return Bond ETF^ (Unaudited) (cont'd)

Derivative Instruments

**Futures contracts ("futures")**

At January 31, 2026, open positions in futures for the Fund were as follows:

**Long Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17 | U.S. Treasury Long Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1957125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(37320)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26 | U.S. Treasury Note, 2 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5420797 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3382 |
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30 | U.S. Treasury Note, 5 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3267890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25245)<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 704625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (17277)<br>|
| **Total Long Positions** | **Total Long Positions** | **Total Long Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$11350437** | &nbsp;&nbsp;&nbsp;&nbsp; **$(76460)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Short Futures:**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Expiration** <br>**Date**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Number of** <br>**Contracts**<br>| **Open Contracts** | &nbsp;&nbsp;&nbsp;&nbsp; **Notional** <br>**Amount**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation/** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| 3/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | U.S. Treasury Note, Ultra 10 Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(1027406)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(975)<br>|
| **Total Short Positions** | **Total Short Positions** | **Total Short Positions** | &nbsp;&nbsp;&nbsp;&nbsp; **$(1027406)**<br>| &nbsp;&nbsp;&nbsp;&nbsp; **$(975)**<br>|
| **Total Futures** | **Total Futures** | **Total Futures** |  | &nbsp;&nbsp;&nbsp;&nbsp; **$(77435)**<br>|

---

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's investments as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Asset Valuation Inputs** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Investments: |  |  |  |  |
| U.S. Treasury Obligations | $— | $1191249 | $— | $1191249 |
| U.S. Government Agency Securities |  | 79278 |  | 79278 |
| Mortgage-Backed Securities<sup>#</sup> <br>|  | 14331734 |  | 14331734 |
| Asset-Backed Securities<sup>#</sup> <br>|  | 6579893 |  | 6579893 |
| Corporate Bonds<sup>#</sup> <br>|  | 27042827 |  | 27042827 |
| Foreign Government Securities |  | 2611292 |  | 2611292 |
| Short-Term Investments |  | 884409 |  | 884409 |
| **Total Investments** | **$—** | **$52720682** | **$—** | **$52720682** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

# The Schedule of Investments provides information on the industry or sector categorization as well as a Positions by Country summary.

The following is a summary, categorized by Level (see the Notes to Schedule of Investments), of inputs used to value the Fund's derivatives as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Other Financial Instruments** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Futures<sup>@</sup> |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Assets | $3382 | $— | $— | $3382 |
| &nbsp;&nbsp;&nbsp; Liabilities | (80817)<br>|  |  | (80817)<br>|
| **Total** | **$(77435)**<br>| **$—** | **$—** | **$(77435)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

@ Futures are reported at the cumulative unrealized appreciation/(depreciation) of the instrument.

^ A balance indicated with a "—", reflects either a zero balance or an amount that rounds to less than 1.

See Notes to Schedule of Investments

------

January 31, 2026

Notes to Schedule of Investments ETF Trust (Unaudited)

In accordance with Accounting Standards Codification 820 "Fair Value Measurement" ("ASC 820"), all investments held by each of Neuberger Emerging Markets Debt Hard Currency ETF, Neuberger Energy Transition & Infrastructure ETF, Neuberger Flexible Credit Income ETF, Neuberger Short Duration Income ETF and Neuberger Total Return Bond ETF (each individually a "Fund," and collectively, the "Funds") are carried at the value that Management believes a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment under current market conditions. Various inputs, including the volume and level of activity for the asset or liability in the market, are considered in valuing the Funds' investments, some of which are discussed below. At times, Management may need to apply significant judgment to value investments in accordance with ASC 820. Prior to February 28, 2026, each Fund included "Neuberger Berman" in place of "Neuberger" in its name.

ASC 820 established a three-tier hierarchy of inputs to create a classification of value measurements for disclosure purposes. The three-tier hierarchy of inputs is summarized in the three broad Levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – unadjusted quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – other observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, amortized cost, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – unobservable inputs (including a Fund's own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.

The value of the Funds' investments in common stocks and master limited partnerships and limited partnerships, for which market quotations are readily available, is generally determined by Management by obtaining valuations from independent pricing services based on the latest sale price quoted on a principal exchange or market for that security (Level 1 inputs). Securities traded primarily on the NASDAQ Stock Market are normally valued at the NASDAQ Official Closing Price ("NOCP") provided by NASDAQ each business day. The NOCP is the most recently reported price as of 4:00:02 p.m., Eastern Time, unless that price is outside the range of the "inside" bid and asked prices (i.e., the bid and asked prices that dealers quote to each other when trading for their own accounts); in that case, NASDAQ will adjust the price to equal the inside bid or asked price, whichever is closer. Because of delays in reporting trades, the NOCP may not be based on the price of the last trade to occur before the market closes. If there is no sale of a security on a particular day, the independent pricing services may value the security based on market quotations.

The value of the Funds' investments in debt securities is determined by Management primarily by obtaining valuations from independent pricing services based on bid quotations, or if quotations are not available, by methods that include various considerations based on security type (generally Level 2 inputs). In addition to the consideration of yields or prices of securities of comparable quality, coupon, maturity and type, indications as to values from dealers, and general market conditions, the following is a description of other Level 2 inputs and related valuation techniques used by independent pricing services to value certain types of debt securities held by the Funds:

*Corporate Bonds.* Inputs used to value corporate debt securities generally include relevant credit information, observed market movements, sector news, U.S. Treasury yield curve or relevant benchmark curve, and other market information, which may include benchmark yield curves, reported trades, broker-dealer quotes, issuer spreads, comparable securities, and reference data, such as market research publications, when available ("Other Market Information").

*U.S. Treasury Obligations.* Inputs used to value U.S. Treasury securities generally include quotes from several inter-dealer brokers and Other Market Information.

*U.S. Government Agency Securities.* Inputs used to value U.S. Government Agency securities generally include obtaining benchmark quotes and Other Market Information.

For information on the Funds' significant accounting policies, please refer to the Funds' most recent financial statements and other information.

------

Notes to Schedule of Investments ETF Trust (Unaudited) (cont'd)

*Asset-Backed Securities and Mortgage-Backed Securities.* Inputs used to value asset-backed securities and mortgage-backed securities generally include models that consider a number of factors, which may include the following: prepayment speeds, cash flows, spread adjustments and Other Market Information.

*Collateralized Loan Obligations (CLOs)*. The value of collateralized loan obligations is primarily determined by cash flow data, relevant loan pricing data and market color, and research from market participants and trading desks (Level 2 or 3 inputs).

*High Yield Securities.* Inputs used to value high yield securities generally include a number of observations of equity and credit default swap curves related to the issuer and Other Market Information.

*Municipal Debt Securities.* Inputs used to value municipal debt securities include current trades, bid-wanted lists (which informs the market that a holder is interested in selling a position and that offers will be considered), offerings, general information on market movement, direction, trends, and specific data on specialty issues.

*Emerging Markets Debt and Foreign Government Securities.* Inputs used to value emerging markets debt and foreign government securities generally include dealer quotes, bond market activity, discounted cash flow models, and other relevant information such as credit spreads, benchmark curves and Other Market Information.

The value of credit linked notes is determined by obtaining a valuation from a calculation agent and is primarily based on the underlying reference security (Level 2 inputs).

The value of loan assignments is determined by Management primarily by obtaining valuations from independent pricing services based on broker quotes (generally Level 2 or Level 3 inputs depending on the number of quotes available).

The value of futures contracts is determined by Management by obtaining valuations from independent pricing services at the settlement price at the market close (Level 1 inputs).

The value of credit default swaps is determined by Management by obtaining valuations from independent pricing services using a model that considers a number of factors, which may include default probabilities, credit curves, recovery rates and cash flows (Level 2 inputs).

The value of forward foreign currency contracts ("forward FX contracts") is determined by Management by obtaining valuations from independent pricing services based on actual traded currency rates on independent pricing services' networks, along with other traded and quoted currency rates provided to the pricing services by leading market participants (Level 2 inputs).

The value of reverse repurchase agreements is determined by Management primarily by obtaining valuations from independent pricing services, which are evaluated at par (Level 2 inputs) in line with market conventions.

Management has developed a process to periodically review information provided by independent pricing services for all types of securities.

Investments in non-exchange traded investment companies are valued using the respective fund's daily calculated net asset value per share (Level 2 inputs), when available.

If a valuation is not available from an independent pricing service, or if Management has reason to believe that the valuation received does not represent the amount a Fund might reasonably expect to receive on a current sale in an orderly transaction, Management seeks to obtain quotations from brokers or dealers (generally considered Level 2 or Level 3 inputs depending on the number of quotes available). If such quotations are not available, the security is valued using methods Management has approved in the good-faith belief that the resulting valuation will reflect the fair value of the security. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the

For information on the Funds' significant accounting policies, please refer to the Funds' most recent financial statements and other information.

------

Notes to Schedule of Investments ETF Trust (Unaudited) (cont'd)

Funds' Board of Trustees designated Management as the Funds' valuation designee. As the Funds' valuation designee, Management is responsible for determining fair value in good faith for all Fund investments. Inputs and assumptions considered in determining fair value of a security based on Level 2 or Level 3 inputs may include, but are not limited to, the type of security; the initial cost of the security; the existence of any contractual restrictions on the security's disposition; the price and extent of public trading in similar securities of the issuer or of comparable companies; quotations or evaluated prices from broker-dealers or pricing services; information obtained from the issuer and analysts; an analysis of the company's or issuer's financial statements; an evaluation of the inputs that influence the issuer and the market(s) in which the security is purchased and sold.

The value of the Funds' investments in foreign securities is generally determined using the same valuation methods and inputs as other Fund investments, as discussed above. Foreign security prices expressed in local currency values are normally translated from the local currency into U.S. dollars using the exchange rates as of 4:00 p.m., Eastern Time, on days the New York Stock Exchange is open for business. Management has approved the use of ICE Data Services ("ICE") to assist in determining the fair value of foreign equity securities when changes in the value of a certain index suggest that the closing prices on the foreign exchanges may no longer represent the amount that a Fund could expect to receive for those securities or when foreign markets are closed and U.S. markets are open. In each of these events, ICE will provide adjusted prices for certain foreign equity securities using a statistical analysis of historical correlations of multiple factors (Level 2 inputs). Management has also approved the use of ICE to evaluate the prices of foreign debt securities as of the time at which a Fund's share price is calculated. ICE utilizes benchmark spread and yield curves and evaluates available market activity from the local close to the time as of which a Fund's share price is calculated (Level 2 inputs) to assist in determining prices for certain foreign debt securities. In the case of both foreign equity and foreign debt securities, in the absence of precise information about the market values of these foreign securities as of the time at which a Fund's share price is calculated, Management has determined based on available data that prices adjusted or evaluated in this way are likely to be closer to the prices a Fund could realize on a current sale than the prices of those securities established at the close of the foreign markets in which the securities primarily trade.

Fair value prices are necessarily estimates, and there is no assurance that such a price will be at or close to the price at which the security is next quoted or traded.

The Funds may enter into certain credit agreements all or a portion of which may be unfunded. The Funds are obligated to fund these commitments at the borrower's discretion.

As of January 31, 2026, the value of unfunded loan commitments was $64,973 for Short Duration Income ETF, pursuant to the following loan agreements:

---

| | | |
|:---|:---|:---|
| **Short Duration Income ETF** | **Short Duration Income ETF** | **Short Duration Income ETF** |
| **Borrower** | **Principal** <br>**Amount**<br>| **Value** |
| Pye-Barker Fire & Safety LLC, Term Loan DD, (3 mo. USD Term SOFR + 1.25%), 1.25%, due 12/16/2032<sup>(a)</sup> <br>| &nbsp;&nbsp; $65000 | &nbsp;&nbsp; $64973 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Position is a delayed draw term loan which may be partially or fully unfunded. In
 accordance with the underlying credit agreement, the interest rate shown reflects the unfunded rate as
 of January 31, 2026.

For information on the Funds' significant accounting policies, please refer to the Funds' most recent financial statements and other information.

------

Notes to Schedule of Investments ETF Trust (Unaudited) (cont'd)

Legend

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Clearinghouses:** | **Clearinghouses:** |
| ICE CC | = ICE Clear Credit LLC |
| **Counterparties:** | **Counterparties:** |
| CITI | = Citibank, N.A. |
| JPM | = JPMorgan Chase Bank N.A. |
| SCB | = Standard Chartered Bank |
| SSB | = State Street Bank and Trust Company |
| UBS | = UBS AG |
| **Index Periods/Payment Frequencies:** | **Index Periods/Payment Frequencies:** |
| 3M | = 3 Months |
| **Other Abbreviations:** | **Other Abbreviations:** |
| CJSC | = Closed Joint Stock Company |
| JSC | = Joint Stock Company |
| Management | = Neuberger Berman Investment Advisers LLC |
| PJSC | = Public Joint Stock Company |
| **Reference Rate Benchmarks:** | **Reference Rate Benchmarks:** |
| SOFR | = Secured Overnight Financing Rate |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Currency Abbreviations:** | **Currency Abbreviations:** |
| EUR | = Euro |
| GBP | = Pound Sterling |
| USD | = United States Dollar |

---

For information on the Funds' significant accounting policies, please refer to the Funds' most recent financial statements and other information.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Neuberger Berman ETF Trust

- **b. Investment Company Act file number:** 811-23761

- **c. CIK number of Registrant:** 0001506001

- **d. LEI of Registrant:** 549300GPREY1N686GS02

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

  - **Street Address 1:** 1290 AVENUE OF THE AMERICAS

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10104

  - **Telephone number:** 877-628-2583

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

- **a. Name of Series:** Neuberger Berman Short Duration Income ETF

- **b. EDGAR series identifier (if any):** S000084439

- **c. LEI of Series:** 254900Z7V6CFW64ILT81

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $814140308.40

**Total Liabilities:** $12160905.98

**Net Assets:** $801979402.42

**Delayed Delivery Securities:** $11924429.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -351.00000000 | **1-Year:** -25988.00000000 | **5-Year:** -41014.00000000 | **10-Year:** -81417.00000000 | **30-Year:** -112794.00000000

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

- **3-Month:** -1.00000000 | **1-Year:** -2372.00000000 | **5-Year:** -19720.00000000 | **10-Year:** -3530.00000000 | **30-Year:** -1364.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248822 | 0.50%                | 0.52%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-200320.86              | $848693.63                                 |
| Month 2  | $-21777.66               | $69106.62                                  |
| Month 3  | $112629.62               | $615876.15                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABG Intermediate Holdings 2 LLC                                                     | ABG Intermediate Holdings 2 LLC 2025 Delayed Draw Term Loan                      | CUSIP: 00076VBM1<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    436700 | PA      | $434953.20    | 0.05%             | 2032-02-13      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                                                        | AGL CLO 46 Ltd                                                                   | CUSIP: 00122RAA1<br>LEI: 254900PN4Z0LMBGANH04 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2506440.75   | 0.31%             | 2039-01-22      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                                                        | AGL CLO 46 Ltd                                                                   | CUSIP: 00122RAJ2<br>LEI: 254900PN4Z0LMBGANH04 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2516926.25   | 0.31%             | 2039-01-22      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| ATS CORP                                                                            | ATS Corp                                                                         | CUSIP: 001940AC9<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $975652.80    | 0.12%             | 2028-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                         | CUSIP: 00206RKG6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1065991.80   | 0.13%             | 2028-02-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                         | CUSIP: 00206RMX7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2935000 | PA      | $2982968.61   | 0.37%             | 2030-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                            | AT&T Inc                                                                         | CUSIP: 00206RNB4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2680789.45   | 0.33%             | 2032-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                                  | A&D Mortgage Trust 2025-NQM5                                                     | CUSIP: 00250AAC8<br>LEI: 984500B1KGB67O4A0631 | Long             | ABS-MBS          | CORP              | US        |   1546197 | PA      | $1553955.72   | 0.19%             | 2070-12-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                                                                  | A&D Mortgage Trust 2025-NQM2                                                     | CUSIP: 00250EAE6<br>LEI: 9845004ECDEDFFFFC959 | Long             | ABS-MBS          | CORP              | US        |    678526 | PA      | $686822.43    | 0.09%             | 2070-06-25      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                                                               | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1247164.94   | 0.16%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                                                            | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    970000 | PA      | $980091.88    | 0.12%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization Equity Trust                                         | AASET 2025-1                                                                     | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    586957 | PA      | $598297.51    | 0.07%             | 2050-02-16      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                                                            | Acadia Healthcare Co Inc                                                         | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123514.61    | 0.02%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                              | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $724704.12    | 0.09%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                                     | AdaptHealth LLC                                                                  | CUSIP: 00653VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $200730.80    | 0.03%             | 2028-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                            | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                        | CUSIP: 00774MBN4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   4375000 | PA      | $4445368.73   | 0.55%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ADVANCED DRAINAGE SYSTEM                                                            | Advanced Drainage Systems Inc                                                    | CUSIP: 00790RAB0<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61345.98     | 0.01%             | 2030-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                                                           | ALA Trust 2025-OANA                                                              | CUSIP: 009920AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    397000 | PA      | $399976.03    | 0.05%             | 2040-06-15      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                              | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC            | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1642901.19   | 0.20%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                                            | Albion Financing 1 SARL / Aggreko Holdings Inc                                   | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1240000 | PA      | $1292404.88   | 0.16%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Alliant Holdings Intermediate, LLC                                                  | Alliant Holdings Intermediate LLC 2025 Term Loan B                               | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |    446625 | PA      | $445088.62    | 0.06%             | 2031-09-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                                                            | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $518378.52    | 0.06%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                                                    | Allied Universal Holdco LLC / Allied Universal Finance Corp                      | CUSIP: 019576AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $732146.50    | 0.09%             | 2030-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                                         | Ally Auto Receivables Trust 2025-1                                               | CUSIP: 02008KAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $727190.73    | 0.09%             | 2030-03-15      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                                                | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    740000 | PA      | $767233.48    | 0.10%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                        | Alphabet Inc                                                                     | CUSIP: 02079KAU1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   4885000 | PA      | $4923583.34   | 0.61%             | 2028-11-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                             | American Airlines Inc 2025 Term Loan                                             | CUSIP: 02376CBS3<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | LON              | CORP              | KY        |    643466 | PA      | $643465.86    | 0.08%             | 2028-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                                 | American Express Co                                                              | CUSIP: 025816EL9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6163000 | PA      | $6182727.76   | 0.77%             | 2029-07-20      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC                                                                | Global Net Lease Inc                                                             | CUSIP: 02608AAA7<br>LEI: 549300NUYANCT5SU8Z65 | Long             | DBT              |  | US        |    390000 | PA      | $381892.17    | 0.05%             | 2028-09-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                                                              | American Tower Trust #1                                                          | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              |  | US        |    432000 | PA      | $439355.58    | 0.05%             | 2028-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                                 | American Tower Corp                                                              | CUSIP: 03027XBR0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    845000 | PA      | $831899.37    | 0.10%             | 2026-09-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP INC                                                                    | AmWINS Group Inc                                                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    240000 | PA      | $246259.68    | 0.03%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receivables LLC                                              | Amur Equipment Finance Receivables XV LLC                                        | CUSIP: 03237FAE5<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |    361000 | PA      | $367817.85    | 0.05%             | 2032-08-20      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust 2025-10                                                 | CUSIP: 034940AC0<br>LEI: 254900CFOEUA52TRVZ51 | Long             | ABS-MBS          | CORP              | US        |    565894 | PA      | $568595.36    | 0.07%             | 2070-09-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                                                            | Antero Midstream Partners LP / Antero Midstream Finance Corp                     | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $530917.96    | 0.07%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                                                          | Apidos CLO XLVI Ltd                                                              | CUSIP: 03770RAN2<br>LEI: 254900XSALC4GJ58ZP29 | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2508500.00   | 0.31%             | 2038-10-24      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                                                                          | Apidos CLO XLVI Ltd                                                              | CUSIP: 03770RAW2<br>LEI: 254900XSALC4GJ58ZP29 | Long             | ABS-CBDO         | CORP              | JE        |   2500000 | PA      | $2517509.50   | 0.31%             | 2038-10-24      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                                                                 | Applied Systems Inc 2024 1st Lien Term Loan                                      | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    378100 | PA      | $374731.13    | 0.05%             | 2031-02-24      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                                                  | Aqua Finance Trust 2021-A                                                        | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    284614 | PA      | $262585.24    | 0.03%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                                                          | Arcosa Inc                                                                       | CUSIP: 039653AA8<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |    260000 | PA      | $255586.53    | 0.03%             | 2029-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                                              | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC      | CUSIP: 03969YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    180000 | PA      | $173135.05    | 0.02%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Arini US CLO Limited                                                                | Arini US CLO IV Ltd                                                              | CUSIP: 04039EAG1<br>LEI: 2549000YTF465KO4L531 | Long             | ABS-CBDO         | CORP              | KY        |   2700000 | PA      | $2711145.60   | 0.34%             | 2039-01-15      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                            | Western Midstream Operating LP                                                   | CUSIP: 04041NAA0<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    695000 | PA      | $739620.88    | 0.09%             | 2030-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARTERA SERVICES LLC                                                                 | Artera Services LLC                                                              | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |    105000 | PA      | $85348.94     | 0.01%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                                            | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAU7<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | CORP              | US        |    530000 | PA      | $533593.93    | 0.07%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                               | Athene Global Funding                                                            | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $3856619.75   | 0.48%             | 2027-01-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Aventura Mall Trust                                                                 | Aventura Mall Trust                                                              | CUSIP: 05359AAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $457677.78    | 0.06%             | 2040-07-05      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                                         | Avient Corp                                                                      | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |    370000 | PA      | $380583.85    | 0.05%             | 2030-08-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377REA8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     62500 | PA      | $62451.98     | 0.01%             | 2027-02-20      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RES9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    485000 | PA      | $474471.72    | 0.06%             | 2028-02-20      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RFX7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    112500 | PA      | $112766.15    | 0.01%             | 2027-04-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RHZ0<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    510000 | PA      | $528930.84    | 0.07%             | 2030-06-20      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RJA3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $254395.63    | 0.03%             | 2030-06-20      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RKM5<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $253705.35    | 0.03%             | 2029-08-20      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                            | Avis Budget Rental Car Funding AESOP LLC                                         | CUSIP: 05377RKY9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $264351.89    | 0.03%             | 2030-02-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                                      | Azorra Finance Ltd                                                               | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    475000 | PA      | $499885.25    | 0.06%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                                                      | Azorra Finance Ltd                                                               | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    150000 | PA      | $157100.79    | 0.02%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS Mortgage Trust 2021-C11                                                    | CUSIP: 05493MAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4232068 | PA      | $212592.87    | 0.03%             | 2054-09-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc                                        | BAMLL Trust 2024-BHP                                                             | CUSIP: 05493WAC6<br>LEI: 549300BOMGFOVRYRQK33 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100633.12    | 0.01%             | 2039-08-15      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| The BAHA Trust                                                                      | BAHA Trust 2024-MAR                                                              | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    615000 | PA      | $638103.09    | 0.08%             | 2041-12-10      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS Mortgage Trust 2022-C17                                                    | CUSIP: 054976AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1868536 | PA      | $114048.87    | 0.01%             | 2055-09-15      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS 2018-TALL Mortgage Trust                                                   | CUSIP: 05548WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390000 | PA      | $372468.76    | 0.05%             | 2037-03-15      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS 2018-TALL Mortgage Trust                                                   | CUSIP: 05548WAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $418352.59    | 0.05%             | 2037-03-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS Mortgage Trust 2024-C26                                                    | CUSIP: 05555AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $802905.30    | 0.10%             | 2057-05-15      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC                                         | BBCMS Mortgage Trust 2024-5C27                                                   | CUSIP: 05555FAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    635000 | PA      | $666969.33    | 0.08%             | 2057-07-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                                          | BFLD Commercial Mortgage Trust 2025-660F                                         | CUSIP: 05556QAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    925000 | PA      | $931067.63    | 0.12%             | 2042-11-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                                                       | BLP Commercial Mortgage Trust 2025-IND2                                          | CUSIP: 05556WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $651625.00    | 0.08%             | 2042-12-15      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                                  | BMO 2024-C8 Mortgage Trust                                                       | CUSIP: 05593HAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199000 | PA      | $200152.01    | 0.02%             | 2057-03-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-ROIC                                                               | CUSIP: 05593VAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    392779 | PA      | $391306.12    | 0.05%             | 2030-03-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-LUNR                                                               | CUSIP: 05594CAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336646 | PA      | $337907.92    | 0.04%             | 2040-06-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2025-JDI                                            | CUSIP: 05594LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    712567 | PA      | $714348.76    | 0.09%             | 2042-11-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-DELC                                                               | CUSIP: 05594MAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    922000 | PA      | $928914.82    | 0.12%             | 2042-12-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| BWAY Mortgage Trust                                                                 | BWAY 2013-1515 Mortgage Trust                                                    | CUSIP: 05604FAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    244008 | PA      | $235548.05    | 0.03%             | 2033-03-10      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                               | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    175000 | PA      | $167909.35    | 0.02%             | 2041-12-09      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                               | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    288000 | PA      | $275402.19    | 0.03%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                                                                  | BX Trust 2019-OC11                                                               | CUSIP: 05606FAN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    196000 | PA      | $181656.41    | 0.02%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                                           | BXP Trust 2017-GM                                                                | CUSIP: 056083AL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1100000 | PA      | $1070285.37   | 0.13%             | 2039-06-13      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                                  | BMO 2023-5C2 Mortgage Trust                                                      | CUSIP: 05610QAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    550000 | PA      | $586797.48    | 0.07%             | 2056-11-15      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2024-XL4                                            | CUSIP: 05611VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316460 | PA      | $316657.78    | 0.04%             | 2039-02-15      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2024-XL4                                            | CUSIP: 05611VAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171687 | PA      | $171847.47    | 0.02%             | 2039-02-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                                | CUSIP: 05612AAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200000.00    | 0.02%             | 2041-02-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-BIO                                                                | CUSIP: 05612AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336000 | PA      | $333165.00    | 0.04%             | 2041-02-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88545 | PA      | $88766.81     | 0.01%             | 2039-02-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2024-MF                                             | CUSIP: 05612EAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190373 | PA      | $191086.63    | 0.02%             | 2039-02-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2024-XL5                                            | CUSIP: 05612GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    426300 | PA      | $426966.09    | 0.05%             | 2041-03-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2024-VLT4                                                               | CUSIP: 05612TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290000 | PA      | $290181.25    | 0.04%             | 2041-06-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX TRUST 2024 VLT4                                                               | CUSIP: 05612TAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    244000 | PA      | $243999.27    | 0.03%             | 2041-06-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                     | BRAVO 2024-NQM6                                                                  | CUSIP: 05613JAC0<br>LEI: 2549000KHGUZMZ31N203 | Long             | ABS-MBS          | CORP              | US        |    248282 | PA      | $250229.99    | 0.03%             | 2064-08-01      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                                                  | BMO 2025-5C10 Mortgage Trust                                                     | CUSIP: 05615BAH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    434000 | PA      | $443246.28    | 0.06%             | 2058-05-15      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-VOLT                                                               | CUSIP: 05619PAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005312.50   | 0.13%             | 2044-12-15      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-VOLT                                                               | CUSIP: 05619PAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    910000 | PA      | $913412.50    | 0.11%             | 2044-12-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-ARIA                                                               | CUSIP: 05619TAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    957000 | PA      | $972223.48    | 0.12%             | 2042-12-13      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                                                       | BLP Commercial Mortgage Trust 2025-IND                                           | CUSIP: 05625BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    248704 | PA      | $248608.99    | 0.03%             | 2042-03-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                                                       | BLP Commercial Mortgage Trust 2025-IND                                           | CUSIP: 05625BAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325889 | PA      | $325888.64    | 0.04%             | 2042-03-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                                                    | Bain Capital Credit CLO 2025-4 Ltd                                               | CUSIP: 05686GAA2<br>LEI: 254900GF7KVMBCIIVA18 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2007511.60   | 0.25%             | 2039-01-17      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited                                                    | Bain Capital Credit CLO 2025-4 Ltd                                               | CUSIP: 05686GAJ3<br>LEI: 254900GF7KVMBCIIVA18 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1257550.13   | 0.16%             | 2039-01-17      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN                                                               | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance  | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $401046.36    | 0.05%             | 2031-05-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 060505GB4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1611669.96   | 0.20%             | 2027-01-27      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5070000 | PA      | $4998653.90   | 0.62%             | 2028-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                                | Bank of America Corp                                                             | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4660000 | PA      | $4722483.05   | 0.59%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                               | BANK5 2023-5YR2                                                                  | CUSIP: 06211CAZ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $113230.74    | 0.01%             | 2056-07-15      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                               | BANK5 2025-5YR17                                                                 | CUSIP: 06211GAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    278000 | PA      | $288624.38    | 0.04%             | 2058-11-15      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                               | BANK5 2025-5YR17                                                                 | CUSIP: 06211GAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    197000 | PA      | $200708.33    | 0.03%             | 2058-11-15      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                               | BANK5 2025-5YR17                                                                 | CUSIP: 06211GBE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    163000 | PA      | $145378.77    | 0.02%             | 2058-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                               | BANK5 2024-5YR7                                                                  | CUSIP: 06211UAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275000 | PA      | $245702.27    | 0.03%             | 2057-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                               | BANK5 2024-5YR7                                                                  | CUSIP: 06211UCD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    127000 | PA      | $132580.21    | 0.02%             | 2057-06-15      | Variable      | 7.10%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                              | Bank of New York Mellon Corp/The                                                 | CUSIP: 064058AL4<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1613390.34   | 0.20%             | 2026-12-20      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                               | BANK5 2024-5YR5                                                                  | CUSIP: 065931BS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $204775.40    | 0.03%             | 2029-02-15      | Variable      | 7.01%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                        | Barclays PLC                                                                     | CUSIP: 06738ECP8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    975000 | PA      | $991671.37    | 0.12%             | 2028-03-12      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                        | Barclays PLC                                                                     | CUSIP: 06738ECT0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2360000 | PA      | $2387356.98   | 0.30%             | 2028-09-10      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                                          | Barings Equipment Finance LLC 2025-A                                             | CUSIP: 06764MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    918000 | PA      | $937869.28    | 0.12%             | 2032-08-13      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                                          | Barings Equipment Finance LLC 2025-B                                             | CUSIP: 06764YAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    543000 | PA      | $544499.71    | 0.07%             | 2032-10-13      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                                                            | Great Outdoors Group LLC 2025 Term Loan B                                        | CUSIP: 07014QAP6<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |    661658 | PA      | $660831.23    | 0.08%             | 2032-01-23      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP                                                                  | Bausch + Lomb Corp                                                               | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |    530000 | PA      | $552525.00    | 0.07%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2024-EDU1 LLC                                | CUSIP: 07336PAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     62891 | PA      | $62786.49     | 0.01%             | 2047-06-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2024-EDU1 LLC                                | CUSIP: 07336PAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     26205 | PA      | $26596.55     | 0.00%             | 2047-06-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2025-EDU1 LLC                                | CUSIP: 07337GAA1<br>LEI: 2549001VJ64UFK8PZA41 | Long             | ABS-O            | CORP              | US        |    224032 | PA      | $224434.10    | 0.03%             | 2048-07-27      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2025-EDU1 LLC                                | CUSIP: 07337GAB9<br>LEI: 2549001VJ64UFK8PZA41 | Long             | ABS-O            | CORP              | US        |    500935 | PA      | $500933.89    | 0.06%             | 2048-07-27      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII                                                 | Bayview Opportunity Master Fund VII 2025-EDU1 LLC                                | CUSIP: 07337GAC7<br>LEI: 2549001VJ64UFK8PZA41 | Long             | ABS-O            | CORP              | US        |    387127 | PA      | $387128.02    | 0.05%             | 2048-07-27      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2019-B12 Mortgage Trust                                                | CUSIP: 08162FAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     77961 | PA      | $75679.80     | 0.01%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2019-B12 Mortgage Trust                                                | CUSIP: 08162FAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $306738.06    | 0.04%             | 2052-08-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2021-B30 Mortgage Trust                                                | CUSIP: 08163KBH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7312035 | PA      | $265309.86    | 0.03%             | 2054-11-15      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2023-V2 Mortgage Trust                                                 | CUSIP: 08163TAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231000 | PA      | $235662.32    | 0.03%             | 2055-05-15      | Variable      | 6.77%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2023-V3 Mortgage Trust                                                 | CUSIP: 08163VAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    509000 | PA      | $516278.65    | 0.06%             | 2056-07-15      | Variable      | 7.17%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2023-B40 Mortgage Trust                                                | CUSIP: 08163WAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88000 | PA      | $90653.48     | 0.01%             | 2056-12-15      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2024-V5 Mortgage Trust                                                 | CUSIP: 08163XBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    529000 | PA      | $549181.19    | 0.07%             | 2057-01-10      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                            | Benchmark 2026-V20 Mortgage Trust                                                | CUSIP: 08164KBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1204000 | PA      | $1204517.35   | 0.15%             | 2059-02-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                                                     | Benefit Street Partners CLO XX Ltd                                               | CUSIP: 08182FBG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007020.70   | 0.13%             | 2038-10-15      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                                                     | Benefit Street Partners CLO XXXVIII Ltd                                          | CUSIP: 08183FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1305693.48   | 0.16%             | 2038-01-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Benchmark 2024-V8 Mortgage Trust                                                    | Benchmark 2024-V8 Mortgage Trust                                                 | CUSIP: 08190AAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    228000 | PA      | $242507.18    | 0.03%             | 2057-07-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| BFLD Trust                                                                          | BFLD Commercial Mortgage Trust 2025-5MW                                          | CUSIP: 088921AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1470000 | PA      | $1516509.04   | 0.19%             | 2042-10-10      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR                                                              | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAD2<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              |  | US        |    230000 | PA      | $226954.24    | 0.03%             | 2027-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                                                             | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $301656.33    | 0.04%             | 2053-05-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Blue Stream Issuer, LLC                                                             | Blue Stream Issuer LLC                                                           | CUSIP: 09606BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    180000 | PA      | $181965.17    | 0.02%             | 2054-11-20      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                           | Boeing Co/The                                                                    | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3880000 | PA      | $3833468.60   | 0.48%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                       | Boeing Co/The                                                                    | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4461333.53   | 0.56%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                                    | BOF VII AL Funding Trust I                                                       | CUSIP: 097093AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    324970 | PA      | $330693.52    | 0.04%             | 2032-07-26      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                                                      | Bombardier Inc                                                                   | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    285000 | PA      | $302574.24    | 0.04%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                          | CUSIP: 102104AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    211000 | PA      | $212194.18    | 0.03%             | 2049-11-22      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Bourzou Issuer LLC, Jamshid Issuer LLC, Cristobal Issuer LLC & COPT DC-6 Issuer LLC | Cloud Capital Holdco LP                                                          | CUSIP: 102104AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    136000 | PA      | $137878.53    | 0.02%             | 2049-11-22      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS                                                            | Brandywine Operating Partnership LP                                              | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |    400000 | PA      | $429773.20    | 0.05%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                     | BRAVO Residential Funding Trust 2025-NQM5                                        | CUSIP: 10569RAE2<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-MBS          | CORP              | US        |    220986 | PA      | $223127.35    | 0.03%             | 2065-02-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust                                       | Bridgecrest Lending Auto Securitization Trust 2026-1                             | CUSIP: 107927AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1173000 | PA      | $1176953.13   | 0.15%             | 2031-11-17      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust                                       | Bridgecrest Lending Auto Securitization Trust 2025-4                             | CUSIP: 10807UAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    329000 | PA      | $332183.11    | 0.04%             | 2031-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                     | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1784629.74   | 0.22%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                     | CUSIP: 11135FCW9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2492397.05   | 0.31%             | 2030-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                        | Broadcom Inc                                                                     | CUSIP: 11135FCZ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3347946.22   | 0.42%             | 2031-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC                                                        | Business Jet Securities 2024-1 LLC                                               | CUSIP: 12327CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    466992 | PA      | $477322.75    | 0.06%             | 2039-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-VLT7                                                               | CUSIP: 123913AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    470000 | PA      | $472642.48    | 0.06%             | 2044-07-15      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Commercial Mortgage Trust 2024-GPA2                                           | CUSIP: 12433DAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1078339 | PA      | $1081708.81   | 0.13%             | 2041-11-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust 2025-GW                                                                 | CUSIP: 12433GAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    349000 | PA      | $351203.45    | 0.04%             | 2042-07-15      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $28011.46     | 0.00%             | 2027-05-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $375936.36    | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                                              | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    415000 | PA      | $418966.99    | 0.05%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                                               | CCG Receivables Trust                                                            | CUSIP: 12511QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    128019 | PA      | $129469.77    | 0.02%             | 2032-04-14      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                                                                 | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201084.20    | 0.03%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                                               | CCG Receivables Trust 2024-1                                                     | CUSIP: 12515PAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101681.29    | 0.01%             | 2032-03-15      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                                               | CCG Receivables Trust 2024-1                                                     | CUSIP: 12515PAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101920.93    | 0.01%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                                               | CCG Receivables Trust 2025-2                                                     | CUSIP: 12516XAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1182000 | PA      | $1185164.81   | 0.15%             | 2034-08-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust                                                       | CHI Commercial Mortgage Trust 2025-110W                                          | CUSIP: 12577HAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    313000 | PA      | $317138.83    | 0.04%             | 2040-12-13      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Trust                                                    | COOPR Residential Mortgage Trust 2025-CES1                                       | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    348784 | PA      | $353451.79    | 0.04%             | 2060-05-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | COLT 2021-5 Mortgage Loan Trust                                                  | CUSIP: 12598RAA1<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |    600670 | PA      | $553768.09    | 0.07%             | 2066-11-26      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2024-277P Mortgage Trust                                                    | CUSIP: 12654FAE0<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    885000 | PA      | $939943.54    | 0.12%             | 2044-08-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp                                                                 | CNT Holdings I Corp 2025 Term Loan                                               | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |    436700 | PA      | $435905.21    | 0.05%             | 2032-11-08      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                     | CVS Health Corp                                                                  | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5280000 | PA      | $5297283.24   | 0.66%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | COLT 2024-2 Mortgage Loan Trust                                                  | CUSIP: 12665LAA2<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |    163635 | PA      | $165445.65    | 0.02%             | 2069-04-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | COLT 2024-2 Mortgage Loan Trust                                                  | CUSIP: 12665LAC8<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |    139707 | PA      | $141183.62    | 0.02%             | 2069-04-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2024-CBM Mortgage Trust                                                     | CUSIP: 12674GAL8<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    501000 | PA      | $518732.29    | 0.06%             | 2041-12-10      | Variable      | 7.93%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                                               | Caesars Entertainment Inc                                                        | CUSIP: 12769GAB6<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103262.00    | 0.01%             | 2030-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAPSTONE BORROWER INC                                                               | Capstone Borrower Inc                                                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    630000 | PA      | $585712.70    | 0.07%             | 2030-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust                                            | Castlelake Aircraft Structured Trust 2025-2                                      | CUSIP: 14855XAA2<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |    502153 | PA      | $506328.50    | 0.06%             | 2050-08-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitization Trust                                            | Castlelake Aircraft Structured Trust 2025-1                                      | CUSIP: 14856VAB3<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |    298896 | PA      | $302369.17    | 0.04%             | 2050-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CANADA WON                                                                | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp   | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |    580000 | PA      | $556919.19    | 0.07%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                            | Celanese US Holdings LLC                                                         | CUSIP: 15089QBC7<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179002.95    | 0.02%             | 2031-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHAMPIONS FINANCING INC                                                             | Champions Financing Inc                                                          | CUSIP: 15870LAA6<br>LEI: 391200ZDD75EGEUJ7625 | Long             | DBT              | CORP              | US        |    190000 | PA      | $184312.35    | 0.02%             | 2029-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                                               | Charter Communications Operating LLC 2024 Term Loan B5                           | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    498741 | PA      | $497892.69    | 0.06%             | 2031-12-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                                  | Chase Home Lending Mortgage Trust Series 2024-4                                  | CUSIP: 16159NAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220899 | PA      | $222388.05    | 0.03%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                                  | Chase Home Lending Mortgage Trust 2024-10                                        | CUSIP: 16159YAE0<br>LEI: 529900OE9S6KWRJHHJ57 | Long             | ABS-MBS          | CORP              | US        |    103915 | PA      | $104473.90    | 0.01%             | 2055-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                                  | Chase Home Lending Mortgage Trust 2025-10                                        | CUSIP: 16160BAE7<br>LEI: 529900PXR6MEGSRAOO62 | Long             | ABS-MBS          | CORP              | US        |    832265 | PA      | $840295.95    | 0.10%             | 2056-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                                  | Chase Home Lending Mortgage Trust 2025-1                                         | CUSIP: 16160TAD0<br>LEI: 529900UNQTJFSNGLF721 | Long             | ABS-MBS          | CORP              | US        |    592517 | PA      | $602170.12    | 0.08%             | 2055-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                                  | Chase Home Lending Mortgage Trust Series 2024-11                                 | CUSIP: 161919AD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    282881 | PA      | $287420.73    | 0.04%             | 2055-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                                  | Chase Home Lending Mortgage Trust Series 2024-2                                  | CUSIP: 161929AJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117047 | PA      | $117862.54    | 0.01%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust                                                       | CHI Commercial Mortgage Trust 2025-SFT                                           | CUSIP: 16706GAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    785000 | PA      | $803339.17    | 0.10%             | 2042-04-15      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust                                                       | CHI Commercial Mortgage Trust 2025-SFT                                           | CUSIP: 16706GAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    741000 | PA      | $771089.34    | 0.10%             | 2042-04-15      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust 2023-SMRT                                    | CUSIP: 17291NAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $172350.05    | 0.02%             | 2040-10-12      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                    | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1614029.63   | 0.20%             | 2026-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                    | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1870344.91   | 0.23%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                       | Citigroup Inc                                                                    | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5550000 | PA      | $5630220.48   | 0.70%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust 2023-PRM3                                    | CUSIP: 17331LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $410316.84    | 0.05%             | 2028-07-10      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                                                        | SM Energy Co                                                                     | CUSIP: 17888HAA1<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    415000 | PA      | $427158.67    | 0.05%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                                                            | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    400000 | PA      | $418452.40    | 0.05%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                            | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    385000 | PA      | $405353.80    | 0.05%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                                                            | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192918.56    | 0.02%             | 2031-02-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                                 | Clydesdale Acquisition Holdings Inc 2025 Term Loan B                             | CUSIP: 18972FAE2<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |    858241 | PA      | $853203.19    | 0.11%             | 2032-04-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Cogentrix Finance Holdco I LLC                                                      | Cogentrix Finance Holdco I LLC Repriced Term Loan B                              | CUSIP: 19239LAC0<br>LEI: 254900V51P55ABN4UU67 | Long             | LON              | CORP              | US        |    402600 | PA      | $402350.39    | 0.05%             | 2032-02-26      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC                                                            | Permian Resources Operating LLC                                                  | CUSIP: 19416MAB5<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1138812.47   | 0.14%             | 2029-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | COLT 2025-6 Mortgage Loan Trust                                                  | CUSIP: 19689BAD5<br>LEI: 213800IXUWCX6RHIO921 | Long             | ABS-MBS          | CORP              | US        |    185000 | PA      | $187779.01    | 0.02%             | 2070-08-25      | Variable      | 6.27%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                    | COLT 2026-1 Mortgage Loan Trust                                                  | CUSIP: 196926AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    879000 | PA      | $879410.32    | 0.11%             | 2071-02-25      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                                                 | COMM 2018-HOME Mortgage Trust                                                    | CUSIP: 20048JAA8<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $167506.05    | 0.02%             | 2033-04-10      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC                                                  | Compass Datacenters Issuer II LLC                                                | CUSIP: 20469AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    370000 | PA      | $372940.98    | 0.05%             | 2049-02-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC                                                  | Compass Datacenters Issuer II LLC                                                | CUSIP: 20469AAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    630000 | PA      | $642303.65    | 0.08%             | 2049-02-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC                                                  | Compass Datacenters Issuer II LLC                                                | CUSIP: 20469AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    577000 | PA      | $577806.18    | 0.07%             | 2049-08-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC                                                              | Comstock Resources Inc                                                           | CUSIP: 205768AU8<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220272.80    | 0.03%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CART                                                                                | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87000 | PA      | $87000.00     | 0.01%             | 2041-08-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| CART                                                                                | CONE Trust 2024-DFW1                                                             | CUSIP: 20682AAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     94000 | PA      | $93904.54     | 0.01%             | 2041-08-15      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20753CAC4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1003785.10   | 0.13%             | 2045-07-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20753XAB0<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1225000 | PA      | $1259227.73   | 0.16%             | 2042-03-25      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20753YCK6<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1125000 | PA      | $1150931.25   | 0.14%             | 2042-03-25      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754AAB9<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    852000 | PA      | $857306.68    | 0.11%             | 2041-12-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754BAB7<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1493237 | PA      | $1518084.49   | 0.19%             | 2042-01-25      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754GAE0<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    486000 | PA      | $488886.84    | 0.06%             | 2044-02-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754MAF4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    130000 | PA      | $139750.00    | 0.02%             | 2042-06-25      | Floating      | 10.50%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754MCB1<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1070000 | PA      | $1123888.62   | 0.14%             | 2042-06-25      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754NAK1<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1033750.00   | 0.13%             | 2042-05-25      | Floating      | 7.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754NAQ8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1487000 | PA      | $1583453.81   | 0.20%             | 2042-05-25      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754RAB2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    119501 | PA      | $120021.56    | 0.01%             | 2041-10-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754RAF3<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    515000 | PA      | $522725.00    | 0.07%             | 2041-10-25      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754TAD4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    535000 | PA      | $536335.15    | 0.07%             | 2045-02-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754TAH5<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $504098.95    | 0.06%             | 2045-02-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20754YAC5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2826000 | PA      | $2833168.71   | 0.35%             | 2045-09-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20755AAC6<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    244000 | PA      | $253530.64    | 0.03%             | 2043-01-25      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20755CAF5<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1400000 | PA      | $1462932.66   | 0.18%             | 2043-10-25      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20755DAB2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |     79000 | PA      | $81872.33     | 0.01%             | 2042-07-25      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20755DAF3<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    435000 | PA      | $462461.55    | 0.06%             | 2042-07-25      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20755JAC7<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1000308.60   | 0.12%             | 2045-01-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 20755JAG8<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    874000 | PA      | $871276.09    | 0.11%             | 2045-01-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 207932AA2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    495149 | PA      | $504874.82    | 0.06%             | 2042-12-25      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 207941AF2<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | USGSE             | US        |    525000 | PA      | $540899.42    | 0.07%             | 2044-03-25      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC                    | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                  | CUSIP: 209031AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    137000 | PA      | $140285.03    | 0.02%             | 2055-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications LLC, Fidium Fiber Finance Holdco LLC                    | Consolidated Communications LLC/Fidium Fiber Finance Holdco LLC                  | CUSIP: 209031AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1675000 | PA      | $1720629.35   | 0.21%             | 2055-05-20      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                                            | Constellation Energy Generation LLC                                              | CUSIP: 210385AP5<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5393647.44   | 0.67%             | 2028-01-08      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CONSTELLIUM SE                                                                      | Constellium SE                                                                   | CUSIP: 21039CAA2<br>LEI: 724500KRJEMC79KAAU28 | Long             | DBT              | CORP              | FR        |    265000 | PA      | $265233.47    | 0.03%             | 2028-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                                                                       | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118127.78    | 0.01%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US                                                            | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC             | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $202436.65    | 0.03%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                        | UBS Group AG                                                                     | CUSIP: 225401BL1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2100000 | PA      | $2101371.30   | 0.26%             | 2029-12-23      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                                                      | Crockett Partners Equipment Co IIA LLC                                           | CUSIP: 22689LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86545 | PA      | $88208.71     | 0.01%             | 2031-01-20      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2025-H3 Mortgage Trust                                                     | CUSIP: 22757EAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    942050 | PA      | $956823.65    | 0.12%             | 2070-04-25      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                                                                | Cross 2025-H8 Mortgage Trust                                                     | CUSIP: 22757XAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1322631 | PA      | $1329135.43   | 0.17%             | 2070-11-25      | Variable      | 5.26%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                                  | CyrusOne Data Centers Issuer I LLC                                               | CUSIP: 23284BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    678000 | PA      | $683363.12    | 0.09%             | 2048-11-20      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                                  | CyrusOne Data Centers Issuer I LLC                                               | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    745000 | PA      | $730543.50    | 0.09%             | 2049-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DC Office Trust                                                                     | DC Office Trust 2019-MTC                                                         | CUSIP: 23312BAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $280446.82    | 0.03%             | 2045-09-15      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| DANA INC                                                                            | Dana Inc                                                                         | CUSIP: 235825AH9<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |    160000 | PA      | $152838.34    | 0.02%             | 2030-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                                        | Dell Equipment Finance Trust 2024-1                                              | CUSIP: 24702GAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    640000 | PA      | $649307.71    | 0.08%             | 2030-03-22      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                                        | Dell Equipment Finance Trust 2024-1                                              | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $172340.92    | 0.02%             | 2030-09-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                                                 | Delta Air Lines Inc                                                              | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   4580000 | PA      | $4658481.69   | 0.58%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                              | Diamondback Energy Inc                                                           | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   4825000 | PA      | $4891781.72   | 0.61%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                                 | Dominion Energy Inc                                                              | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2242604.19   | 0.28%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                                                             | Dryden 64 CLO Ltd                                                                | CUSIP: 26251LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003976.20   | 0.13%             | 2031-04-18      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | EFMT 2024-INV2                                                                   | CUSIP: 26844LAD0<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $190428.09    | 0.02%             | 2069-10-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Elm CLO Ltd                                                                         | ELM Trust 2024-ELM                                                               | CUSIP: 26860XAL5<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |    215000 | PA      | $215535.22    | 0.03%             | 2039-06-10      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| Elm CLO Ltd                                                                         | ELM Trust 2024-ELM                                                               | CUSIP: 26860XBE0<br>LEI: 254900IIXJ23M1M8Y987 | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200527.50    | 0.03%             | 2039-06-10      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| EMRLD Borrower LP                                                                   | EMRLD Borrower LP 2024 Term Loan B                                               | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |    446625 | PA      | $445789.82    | 0.06%             | 2031-08-04      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Eaton Vance CDO Ltd                                                                 | Eaton Vance CLO 2013-1 Ltd                                                       | CUSIP: 27830BBY9<br>LEI: 5493001O5CL3BBUIEH94 | Long             | ABS-CBDO         | CORP              | KY        |   1625000 | PA      | $1632458.75   | 0.20%             | 2038-10-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | EFMT 2025-NQM5                                                                   | CUSIP: 28225KAG0<br>LEI: 2549005YTE90D77H8V23 | Long             | ABS-MBS          | CORP              | US        |   1085374 | PA      | $1089156.68   | 0.14%             | 2070-11-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER                                                          | Elara HGV Timeshare Issuer 2023-A LLC                                            | CUSIP: 28415AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290253 | PA      | $299813.67    | 0.04%             | 2038-02-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                                                               | Ellucian Holdings Inc                                                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    340000 | PA      | $334578.19    | 0.04%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 43 Ltd                                                                  | Elmwood CLO 43 Ltd                                                               | CUSIP: 29004KAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1510977.30   | 0.19%             | 2038-07-20      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                                                            | EMRLD Borrower LP / Emerald Co-Issuer Inc                                        | CUSIP: 29103CAA6<br>LEI: 98450099EE3A0ZD5F786 | Long             | DBT              | CORP              | US        |    385000 | PA      | $398504.65    | 0.05%             | 2030-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                        | Enbridge Inc                                                                     | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    360000 | PA      | $365083.48    | 0.05%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                        | Enbridge Inc                                                                     | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1210000 | PA      | $1226731.89   | 0.15%             | 2028-06-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                        | Enbridge Inc                                                                     | CUSIP: 29250NCM5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1600000 | PA      | $1604325.18   | 0.20%             | 2028-11-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                               | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2128869.95   | 0.27%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                                  | Energy Transfer LP                                                               | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    980000 | PA      | $995573.74    | 0.12%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust 2016-P4                                      | CUSIP: 29429EAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15994 | PA      | $15976.78     | 0.00%             | 2049-07-10      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                                                              | EquipmentShare.com Inc                                                           | CUSIP: 29450YAA7<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |    385000 | PA      | $402342.33    | 0.05%             | 2028-05-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| EQUS 2021-EQAZ Mortgage Trust                                                       | EQUS 2021-EQAZ Mortgage Trust                                                    | CUSIP: 29478JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    906114 | PA      | $906113.56    | 0.11%             | 2038-10-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| EQUS 2021-EQAZ Mortgage Trust                                                       | EQUS 2021-EQAZ Mortgage Trust                                                    | CUSIP: 29478JAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     79510 | PA      | $79510.32     | 0.01%             | 2038-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| EXCELERATE ENERGY LP                                                                | Excelerate Energy LP                                                             | CUSIP: 30069UAA6<br>LEI: LGL4IE90TNTFYJ55BK06 | Long             | DBT              | CORP              | US        |    390000 | PA      | $417058.59    | 0.05%             | 2030-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                 | Exeter Automobile Receivables Trust 2025-1                                       | CUSIP: 30167MAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    261000 | PA      | $264602.43    | 0.03%             | 2031-05-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                 | Exeter Automobile Receivables Trust 2025-1                                       | CUSIP: 30167MAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    608000 | PA      | $618193.36    | 0.08%             | 2031-05-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                 | Exeter Automobile Receivables Trust 2026-1                                       | CUSIP: 30168HAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1450000 | PA      | $1452560.70   | 0.18%             | 2032-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Exeter Select Automobile Receivables Trust                                          | Exeter Select Automobile Receivables Trust 2025-2                                | CUSIP: 30185EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    935000 | PA      | $943250.91    | 0.12%             | 2031-12-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 30711XBU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83525 | PA      | $83922.85     | 0.01%             | 2028-08-25      | Floating      | 10.76%                | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                    | Fannie Mae Connecticut Avenue Securities                                         | CUSIP: 30711XC36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    367367 | PA      | $372371.00    | 0.05%             | 2030-08-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Gold Pool                                                            | CUSIP: 3128MJMW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48366 | PA      | $48674.07     | 0.01%             | 2039-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DN3S0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    598434 | PA      | $613814.17    | 0.08%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWGS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1671188 | PA      | $1721755.46   | 0.21%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1971550 | PA      | $2004031.58   | 0.25%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWKH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1396338 | PA      | $1429739.91   | 0.18%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWL43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    565701 | PA      | $579063.36    | 0.07%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWLT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    917275 | PA      | $930583.19    | 0.12%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWMY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    725638 | PA      | $736045.52    | 0.09%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWN90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    659344 | PA      | $674969.07    | 0.08%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWNH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2570881 | PA      | $2571592.94   | 0.32%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWNJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1072185 | PA      | $1087563.11   | 0.14%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWNY5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    653616 | PA      | $669089.56    | 0.08%             | 2055-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWPG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2820824 | PA      | $2821604.96   | 0.35%             | 2055-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3132DWPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1016643 | PA      | $1040659.60   | 0.13%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BSCJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    856949 | PA      | $862583.44    | 0.11%             | 2054-03-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BUD80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    857811 | PA      | $871793.50    | 0.11%             | 2055-02-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BUJS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2613621 | PA      | $2645783.07   | 0.33%             | 2055-01-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BUVH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1348971 | PA      | $1374149.07   | 0.17%             | 2055-02-25      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BUVT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1372566 | PA      | $1377670.51   | 0.17%             | 2054-09-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BV2T4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1008970 | PA      | $1022498.95   | 0.13%             | 2055-05-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BVVQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3874886 | PA      | $3921856.73   | 0.49%             | 2054-08-25      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae REMICS                                                                | CUSIP: 3136BXPE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3397400 | PA      | $3427710.66   | 0.43%             | 2055-10-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FAQF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4512005 | PA      | $33042.32     | 0.00%             | 2027-06-25      | Variable      | 0.76%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FNAG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3261685 | PA      | $88015.26     | 0.01%             | 2029-06-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FNBA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5017810 | PA      | $159953.74    | 0.02%             | 2029-07-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                                    | Freddie Mac Multifamily Structured Pass Through Certificates                     | CUSIP: 3137FPHP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4100000 | PA      | $185195.36    | 0.02%             | 2029-08-25      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multiclass Certificates                                                 | Freddie Mac Multiclass Certificates Series 2015-P001                             | CUSIP: 3137FQXY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1535000 | PA      | $50434.11     | 0.01%             | 2029-03-27      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HFDN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2871435 | PA      | $2899459.58   | 0.36%             | 2054-08-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HFGH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1732536 | PA      | $1747242.74   | 0.22%             | 2054-09-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HHAP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    624072 | PA      | $628094.42    | 0.08%             | 2054-11-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HHDE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    667100 | PA      | $670831.29    | 0.08%             | 2054-11-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HHDF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1205883 | PA      | $1215069.38   | 0.15%             | 2054-11-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HHG62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1033631 | PA      | $1042544.81   | 0.13%             | 2054-11-25      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HHU66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    815320 | PA      | $824014.87    | 0.10%             | 2054-12-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HJAS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    980430 | PA      | $990280.27    | 0.12%             | 2055-02-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HK4B7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    859088 | PA      | $870924.03    | 0.11%             | 2055-03-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HKGX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1138239 | PA      | $1146749.86   | 0.14%             | 2055-03-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLA93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1256059 | PA      | $1272098.87   | 0.16%             | 2055-05-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HLDD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1377042 | PA      | $1395105.62   | 0.17%             | 2055-05-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HNNM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3040229 | PA      | $3058589.20   | 0.38%             | 2055-03-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac REMICS                                                               | CUSIP: 3137HPFC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2741012 | PA      | $2752843.39   | 0.34%             | 2056-01-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138WAHE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14084 | PA      | $14110.45     | 0.00%             | 2043-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3138WBTE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25960 | PA      | $25985.39     | 0.00%             | 2044-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140W3R43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2394920 | PA      | $2455239.30   | 0.31%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140W4NW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2047498 | PA      | $2050756.51   | 0.26%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 3140XMRL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1254841 | PA      | $1297879.38   | 0.16%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31416NC42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29918 | PA      | $30076.80     | 0.00%             | 2039-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418E2D1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9322216 | PA      | $9462678.66   | 1.18%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418E4M9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2408093 | PA      | $2409548.45   | 0.30%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EKV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    798399 | PA      | $814666.18    | 0.10%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418EMT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    318176 | PA      | $323859.23    | 0.04%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418ER85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1304911 | PA      | $1327555.33   | 0.17%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FAX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1159123 | PA      | $1186503.97   | 0.15%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FBP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    857919 | PA      | $878422.49    | 0.11%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FEC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2552746 | PA      | $2553765.68   | 0.32%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    883424 | PA      | $883668.41    | 0.11%             | 2055-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FGY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    883533 | PA      | $896205.61    | 0.11%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FHX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1785665 | PA      | $1786159.75   | 0.22%             | 2055-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FJT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    877149 | PA      | $889729.19    | 0.11%             | 2055-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FLR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    819009 | PA      | $830755.57    | 0.10%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FNJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3263131 | PA      | $3309932.42   | 0.41%             | 2055-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FPF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2472764 | PA      | $2473448.90   | 0.31%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FQE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1817889 | PA      | $1818392.25   | 0.23%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                          | Fannie Mae Pool                                                                  | CUSIP: 31418FTB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1942647 | PA      | $1970509.30   | 0.25%             | 2056-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 31427MHZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1100825 | PA      | $1101264.29   | 0.14%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 31427NPY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1532772 | PA      | $1569596.78   | 0.20%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 31427NW88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1301891 | PA      | $1332970.41   | 0.17%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 31427QFJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    229330 | PA      | $234962.85    | 0.03%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3142GVEG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    616299 | PA      | $626314.85    | 0.08%             | 2055-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3142J6A60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    571790 | PA      | $585298.33    | 0.07%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3142J6B93<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2571586 | PA      | $2572297.95   | 0.32%             | 2055-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac Pool                                                                 | CUSIP: 3142J6CM3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    718755 | PA      | $718954.01    | 0.09%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust 2022-1                                        | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    575589 | PA      | $516530.98    | 0.06%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK INC                                                                | Fifth Third Bank NA                                                              | CUSIP: 31677QBV0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1457723.57   | 0.18%             | 2028-01-28      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| FIVE 2023-V1                                                                        | FIVE 2023-V1 Mortgage Trust                                                      | CUSIP: 337964AG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147000 | PA      | $148351.87    | 0.02%             | 2056-02-10      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd                                                                    | Flatiron CLO 26 Ltd                                                              | CUSIP: 33888AAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1300000 | PA      | $1305532.80   | 0.16%             | 2038-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                         | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    320000 | PA      | $303261.44    | 0.04%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    390000 | PA      | $407311.98    | 0.05%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                         | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    130000 | PA      | $136037.93    | 0.02%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                            | Ford Motor Credit Co LLC                                                         | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45346.49     | 0.01%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Fort Washington CLO                                                                 | Fort Washington CLO 2021-2 LTD                                                   | CUSIP: 34918RAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    435000 | PA      | $435759.51    | 0.05%             | 2034-10-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                                             | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    880000 | PA      | $880845.68    | 0.11%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                                                             | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168346.88    | 0.02%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS INTERMEDIATE                                                               | Fortress Intermediate 3 Inc                                                      | CUSIP: 34966MAA0<br>LEI: 254900NLAZ3JQJW5JP75 | Long             | DBT              | CORP              | US        |    520000 | PA      | $529690.24    | 0.07%             | 2031-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                                            | Foundation Finance Trust 2024-2                                                  | CUSIP: 35040VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274292 | PA      | $275337.84    | 0.03%             | 2050-03-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                                            | Foundation Finance Trust 2024-2                                                  | CUSIP: 35040VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    894238 | PA      | $897131.82    | 0.11%             | 2050-03-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                                            | Foundation Finance Trust 2024-2                                                  | CUSIP: 35040VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     82800 | PA      | $84005.68     | 0.01%             | 2050-03-15      | Fixed         | 6.59%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                                            | Foundation Finance Trust 2025-1                                                  | CUSIP: 35040WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    394974 | PA      | $399416.36    | 0.05%             | 2050-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                                            | Foundation Finance Trust 2025-2                                                  | CUSIP: 35042NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    370460 | PA      | $372339.84    | 0.05%             | 2052-04-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                                                            | Foundation Finance Trust 2025-3                                                  | CUSIP: 35042TAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1293153 | PA      | $1297079.59   | 0.16%             | 2052-08-15      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                               | Foundry JV Holdco LLC                                                            | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   4345000 | PA      | $4554649.81   | 0.57%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit Risk                                                  | Freddie Mac Mscr Trust Mn8                                                       | CUSIP: 35563RAA3<br>LEI: 529900XKEN78GROIG538 | Long             | ABS-MBS          | USGSE             | US        |    244961 | PA      | $246499.35    | 0.03%             | 2044-05-25      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-HQA3                                          | CUSIP: 35564KE47<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | USGSE             | US        |    333000 | PA      | $346296.46    | 0.04%             | 2042-08-25      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-HQA3                                          | CUSIP: 35564KE70<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1064240.00   | 0.13%             | 2042-08-25      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA6                                          | CUSIP: 35564KH77<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | USGSE             | US        |   1180000 | PA      | $1268825.21   | 0.16%             | 2042-09-25      | Floating      | 9.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2021-DNA6                                          | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |    429665 | PA      | $431136.48    | 0.05%             | 2041-10-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2021-DNA6                                          | CUSIP: 35564KLU1<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1017500.00   | 0.13%             | 2041-10-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA1                                          | CUSIP: 35564KQY8<br>LEI: 5493000ISBDRXIMCHZ70 | Long             | ABS-MBS          | USGSE             | US        |   1511482 | PA      | $1542180.20   | 0.19%             | 2042-01-25      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA2                                          | CUSIP: 35564KRN1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |    408000 | PA      | $419795.28    | 0.05%             | 2042-02-25      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA2                                          | CUSIP: 35564KSJ9<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1036649.40   | 0.13%             | 2042-02-25      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-HQA1                                          | CUSIP: 35564KTJ8<br>LEI: 5493000IRODEKU3J3Q16 | Long             | ABS-MBS          | USGSE             | US        |   1549000 | PA      | $1619185.19   | 0.20%             | 2042-03-25      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA3                                          | CUSIP: 35564KVE6<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | USGSE             | US        |   1147000 | PA      | $1192586.48   | 0.15%             | 2042-04-25      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA4                                          | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | USGSE             | US        |    928000 | PA      | $955552.32    | 0.12%             | 2042-05-25      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA4                                          | CUSIP: 35564KXA2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1581245.40   | 0.20%             | 2042-05-25      | Floating      | 8.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2022-DNA5                                          | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | USGSE             | US        |    108000 | PA      | $113161.81    | 0.01%             | 2042-06-25      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2024-DNA1                                          | CUSIP: 35564NBA0<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | USGSE             | US        |    860000 | PA      | $869112.04    | 0.11%             | 2044-02-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2024-DNA2                                          | CUSIP: 35564NDA8<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | USGSE             | US        |    505000 | PA      | $507368.45    | 0.06%             | 2044-05-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2025-DNA1                                          | CUSIP: 35564NGA5<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |   1850000 | PA      | $1851686.46   | 0.23%             | 2045-01-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac Stacr Remic Trust 2025-Hqa1                                          | CUSIP: 35564NHA4<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |    485000 | PA      | $486060.16    | 0.06%             | 2045-02-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2025-DNA2                                          | CUSIP: 35564NJA2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |   1015000 | PA      | $1015345.71   | 0.13%             | 2045-05-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac Stacr Remic Trust 2025-Dna3                                          | CUSIP: 35564UAS6<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |    863000 | PA      | $863301.19    | 0.11%             | 2045-09-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                                 | Freddie Mac STACR REMIC Trust 2025-DNA4                                          | CUSIP: 35564UBS5<br>LEI: 529900ZVQVVVNGMGDO97 | Long             | ABS-MBS          | USGSE             | US        |    619000 | PA      | $620570.71    | 0.08%             | 2045-10-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                                                               | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115068.80    | 0.01%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                                              | Froneri Lux FinCo SARL                                                           | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $202524.22    | 0.03%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2021-NQM5 Trust                                                             | CUSIP: 36168KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    309963 | PA      | $265303.07    | 0.03%             | 2066-07-25      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2025-NQM2 Trust                                                             | CUSIP: 36171HAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    186551 | PA      | $189030.94    | 0.02%             | 2070-04-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| GCAT                                                                                | GCAT 2025-NQM2 Trust                                                             | CUSIP: 36171HAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    116000 | PA      | $117839.90    | 0.01%             | 2070-04-25      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2013-GC13                                           | CUSIP: 36198EAG0<br>LEI: 549300WF5YRKNHB1FX69 | Long             | ABS-MBS          | CORP              | US        |   1046664 | PA      | $10.47        | 0.00%             | 2046-07-10      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                        | GS Mortgage Securities Trust 2016-GS2                                            | CUSIP: 36252TAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    306000 | PA      | $297643.63    | 0.04%             | 2049-05-10      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                                   | GLS Auto Select Receivables Trust 2024-4                                         | CUSIP: 36271BAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57000 | PA      | $57527.19     | 0.01%             | 2030-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                                   | GLS Auto Select Receivables Trust 2024-4                                         | CUSIP: 36271BAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149000 | PA      | $150508.61    | 0.02%             | 2031-10-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                                   | GLS Auto Select Receivables Trust 2025-1                                         | CUSIP: 36271FAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    488196 | PA      | $491701.49    | 0.06%             | 2030-04-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                                   | GLS Auto Select Receivables Trust 2025-1                                         | CUSIP: 36271FAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61000 | PA      | $62129.71     | 0.01%             | 2031-02-15      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                                   | GLS Auto Select Receivables Trust 2025-1                                         | CUSIP: 36271FAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72000 | PA      | $73482.34     | 0.01%             | 2031-03-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                                   | GLS Auto Select Receivables Trust 2025-3                                         | CUSIP: 36272GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    503412 | PA      | $506709.12    | 0.06%             | 2030-10-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust 2025-PJ8                                     | CUSIP: 36272XAE2<br>LEI: 25490038RWR4AJZ5B524 | Long             | ABS-MBS          | CORP              | US        |    767296 | PA      | $771216.63    | 0.10%             | 2056-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                                   | GLS Auto Select Receivables Issuer Trust 2025-4                                  | CUSIP: 36273DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1171000 | PA      | $1168439.02   | 0.15%             | 2031-12-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                                          | GLS Auto Receivables Issuer Trust 2025-4                                         | CUSIP: 36273HAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    542000 | PA      | $546727.81    | 0.07%             | 2031-08-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                                          | GLS Auto Receivables Issuer Trust 2025-4                                         | CUSIP: 36273HAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    352000 | PA      | $353982.82    | 0.04%             | 2031-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                                                                      | Galaxy 36 CLO Ltd                                                                | CUSIP: 362937AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2008058.00   | 0.25%             | 2038-10-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                                                | Garda World Security Corp                                                        | CUSIP: 36485MAQ2<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $194761.94    | 0.02%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                                                | Gates Corp/DE                                                                    | CUSIP: 367398AA2<br>LEI: 984500F43C791F4C7894 | Long             | DBT              | CORP              | US        |    240000 | PA      | $249487.92    | 0.03%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                                 | General Electric Co                                                              | CUSIP: 36962GW75<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   1972000 | PA      | $1974051.12   | 0.25%             | 2026-05-05      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                                               | Genesis Energy LP / Genesis Energy Finance Corp                                  | CUSIP: 37185LAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    485000 | PA      | $505600.86    | 0.06%             | 2029-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL AIR LEASE CO LTD                                                             | Global Aircraft Leasing Co Ltd                                                   | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    825000 | PA      | $853983.08    | 0.11%             | 2027-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                                                            | Global Infrastructure Solutions Inc                                              | CUSIP: 37960XAA5<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    985000 | PA      | $987046.83    | 0.12%             | 2029-06-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                                                          | GLS Auto Receivables Issuer Trust 2025-2                                         | CUSIP: 37989BAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    420000 | PA      | $426850.20    | 0.05%             | 2031-01-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                                                                     | Goat Holdco LLC                                                                  | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $364593.17    | 0.05%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO1, LTD                                             | GoldenTree Loan Management US CLO 27 Ltd                                         | CUSIP: 38140AAC2<br>LEI: 254900H1TTX80VH1NW52 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2003608.00   | 0.25%             | 2039-01-20      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997284.12    | 0.12%             | 2027-03-09      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2525000 | PA      | $2487432.24   | 0.31%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7185000 | PA      | $7077841.47   | 0.88%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                             | Goldman Sachs Group Inc/The                                                      | CUSIP: 38141GYU2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1611755.76   | 0.20%             | 2026-11-10      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38383BT36<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4958730 | PA      | $5001588.49   | 0.62%             | 2055-10-20      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38384XW58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    929190 | PA      | $937814.05    | 0.12%             | 2054-11-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38384YZ95<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    898171 | PA      | $906089.72    | 0.11%             | 2054-11-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38385CCE6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    772224 | PA      | $782234.60    | 0.10%             | 2055-01-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38385DT89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4429472 | PA      | $4464224.19   | 0.56%             | 2055-03-20      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38385JFD0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3243605 | PA      | $3267675.22   | 0.41%             | 2055-11-20      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                         | CUSIP: 38385KRD4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3745690 | PA      | $3762145.95   | 0.47%             | 2055-12-20      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                                                  | Gracie Point International Funding 2024-1 LLC                                    | CUSIP: 38410KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $205074.31    | 0.03%             | 2028-03-01      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                                                            | Graphic Packaging International LLC                                              | CUSIP: 38869AAD9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    745000 | PA      | $703657.04    | 0.09%             | 2030-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                                   | GreatAmerica Leasing Receivables Funding LLC                                     | CUSIP: 39154GAJ5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |    318000 | PA      | $321154.88    | 0.04%             | 2029-04-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                                   | GreatAmerica Leasing Receivables Funding LLC                                     | CUSIP: 39154TCQ9<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |    542000 | PA      | $544041.23    | 0.07%             | 2029-12-17      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                              | GreenSky Home Improvement Trust 2024-1                                           | CUSIP: 39571MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    183260 | PA      | $187652.38    | 0.02%             | 2059-06-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                              | GreenSky Home Improvement Trust 2024-1                                           | CUSIP: 39571MAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312546 | PA      | $319518.37    | 0.04%             | 2059-06-25      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                              | GreenSky Home Improvement Trust 2024-1                                           | CUSIP: 39571MAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    510280 | PA      | $529915.41    | 0.07%             | 2059-06-25      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                              | GreenSky Home Improvement Issuer Trust 2025-1                                    | CUSIP: 39571NAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    216000 | PA      | $218974.58    | 0.03%             | 2060-03-25      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                              | GreenSky Home Improvement Issuer Trust 2025-2                                    | CUSIP: 39571VAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    619000 | PA      | $625617.36    | 0.08%             | 2060-06-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                              | GreenSky Home Improvement Issuer Trust 2025-2                                    | CUSIP: 39571VAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $121079.87    | 0.02%             | 2060-06-25      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                              | GreenSky Home Improvement Issuer Trust 2025-2                                    | CUSIP: 39571VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100909.87    | 0.01%             | 2060-06-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                                          | Grifols SA                                                                       | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |     90000 | PA      | $88666.97     | 0.01%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC                                                              | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   1385000 | PA      | $1421731.59   | 0.18%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Home Owner Mortgage Enhanced Securuties Limited                                     | HOMES 2025-NQM4 Trust                                                            | CUSIP: 403958AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    956145 | PA      | $963633.82    | 0.12%             | 2070-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                                   | Herc Holdings Inc                                                                | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    290000 | PA      | $300118.68    | 0.04%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                                   | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    780000 | PA      | $818659.14    | 0.10%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                            | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $221806.20    | 0.03%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                                            | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    215000 | PA      | $215051.60    | 0.03%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2025-1                                              | CUSIP: 43283CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    557541 | PA      | $565145.13    | 0.07%             | 2042-05-27      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2022-2                                              | CUSIP: 43283GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51706 | PA      | $51512.97     | 0.01%             | 2037-01-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2022-2                                              | CUSIP: 43283GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165156 | PA      | $165177.67    | 0.02%             | 2037-01-25      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2024-2                                              | CUSIP: 43283JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132760 | PA      | $134641.13    | 0.02%             | 2038-03-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2024-3                                              | CUSIP: 43283NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204310 | PA      | $206371.11    | 0.03%             | 2040-08-27      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2024-1B                                             | CUSIP: 43283YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86671 | PA      | $88599.05     | 0.01%             | 2039-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2024-1B                                             | CUSIP: 43283YAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64138 | PA      | $65553.54     | 0.01%             | 2039-09-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2024-1B                                             | CUSIP: 43283YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34669 | PA      | $35561.15     | 0.00%             | 2039-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2025-2                                              | CUSIP: 43285JAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    406636 | PA      | $407785.42    | 0.05%             | 2044-05-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2025-2                                              | CUSIP: 43285JAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    191267 | PA      | $192778.37    | 0.02%             | 2044-05-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust 2023-1                                              | CUSIP: 432917AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67803 | PA      | $70002.36     | 0.01%             | 2038-01-25      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                                                    | Hilton USA Trust 2016-HHV                                                        | CUSIP: 43300LAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    401000 | PA      | $399351.81    | 0.05%             | 2038-11-05      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                                                    | Hilton USA Trust 2016-HHV                                                        | CUSIP: 43300LAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $297344.04    | 0.04%             | 2038-11-05      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| HUB International Limited                                                           | HUB International Limited 2025 Term Loan B                                       | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    335199 | PA      | $334923.71    | 0.04%             | 2030-06-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                               | HUB International Ltd                                                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    160000 | PA      | $159832.24    | 0.02%             | 2029-12-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                               | HUB International Ltd                                                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    520000 | PA      | $542544.08    | 0.07%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                               | HUB International Ltd                                                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    330000 | PA      | $345676.99    | 0.04%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2016-10HY Mortgage Trust                                            | CUSIP: 44421LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390000 | PA      | $386491.56    | 0.05%             | 2038-08-10      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2016-10HY Mortgage Trust                                            | CUSIP: 44421LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    203000 | PA      | $200634.77    | 0.03%             | 2038-08-10      | Variable      | 2.98%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2024-1                           | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233015 | PA      | $236836.80    | 0.03%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                        | Huntington Bank Auto Credit-Linked Notes Series 2024-2                           | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339066 | PA      | $342726.95    | 0.04%             | 2032-10-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                            | CUSIP: 44855PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $259136.65    | 0.03%             | 2040-01-13      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                            | CUSIP: 44855PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $104332.49    | 0.01%             | 2040-01-13      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                        | Hudson Yards 2025-SPRL Mortgage Trust                                            | CUSIP: 44855PAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $103906.77    | 0.01%             | 2040-01-13      | Variable      | 6.68%                 | No            |                  2 | On Loan: No      |
| IHO VERWALTUNGS GMBH                                                                | IHO Verwaltungs GmbH                                                             | CUSIP: 44963BAD0<br>LEI: 529900JL0HDVGZMUJF32 | Long             | DBT              | CORP              | DE        |    530000 | PA      | $536328.73    | 0.07%             | 2029-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust                                                           | IP 2025-IP Mortgage Trust                                                        | CUSIP: 449843AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    166000 | PA      | $168939.36    | 0.02%             | 2042-06-10      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust                                                           | IP 2025-IP Mortgage Trust                                                        | CUSIP: 449843AG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133000 | PA      | $135540.69    | 0.02%             | 2042-06-10      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust                                                           | IP 2025-IP Mortgage Trust                                                        | CUSIP: 449843AJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97000 | PA      | $99008.64     | 0.01%             | 2042-06-10      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                                                           | IRV Trust 2025-200P                                                              | CUSIP: 45006HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $256821.08    | 0.03%             | 2047-03-14      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| IRV Trust                                                                           | IRV Trust 2025-200P                                                              | CUSIP: 45006HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    256000 | PA      | $259061.73    | 0.03%             | 2047-03-14      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                                                   | Imola Merger Corp                                                                | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    790000 | PA      | $777302.25    | 0.10%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                             | Imperial Brands Finance PLC                                                      | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   3685000 | PA      | $3718038.86   | 0.46%             | 2028-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                          | Intel Corp                                                                       | CUSIP: 458140BY5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3396357.24   | 0.42%             | 2027-08-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                                                               | INTOWN 2025-STAY Mortgage Trust                                                  | CUSIP: 46117WAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    329000 | PA      | $330439.38    | 0.04%             | 2042-03-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Island Finance Trust 2025-1                                                         | Island Finance Trust 2025-1                                                      | CUSIP: 463920AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1065000 | PA      | $1078576.51   | 0.13%             | 2035-03-19      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-2                                           | CUSIP: 46593NAE5<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    261187 | PA      | $264809.22    | 0.03%             | 2055-07-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                                                            | JH North America Holdings Inc                                                    | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    305000 | PA      | $310194.15    | 0.04%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-NQM1                                        | CUSIP: 465983AA2<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    108729 | PA      | $109865.88    | 0.01%             | 2064-02-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-NQM1                                        | CUSIP: 465983AC8<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    159699 | PA      | $161142.02    | 0.02%             | 2064-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-NQM1                                        | CUSIP: 465983AD6<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    193000 | PA      | $196201.31    | 0.02%             | 2064-02-25      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2023-HE3                                                | CUSIP: 465985AB5<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-O            | CORP              | US        |    117143 | PA      | $117858.83    | 0.01%             | 2054-05-20      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust 2014-C18                              | CUSIP: 46641JBC9<br>LEI: 549300UOGMFS1M8XVM16 | Long             | ABS-MBS          | CORP              | US        |    310000 | PA      | $298781.10    | 0.04%             | 2047-02-15      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2016-NINE                 | CUSIP: 46646GAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $401278.09    | 0.05%             | 2038-09-06      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   9495000 | PA      | $9666455.58   | 1.21%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO                  | CUSIP: 46655AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $235950.08    | 0.03%             | 2039-01-05      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust                                       | J.P. Morgan Chase Commercial Mortgage Securities Trust 2022-OPO                  | CUSIP: 46655AAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181000 | PA      | $144800.05    | 0.02%             | 2039-01-05      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2023-HE2                                                | CUSIP: 46657FAA3<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-O            | CORP              | US        |    149936 | PA      | $150487.81    | 0.02%             | 2054-03-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2024-4                                           | CUSIP: 46657WAL2<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |     69646 | PA      | $69515.61     | 0.01%             | 2054-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2024-HE1                                                | CUSIP: 46658AAA3<br>LEI: 529900PFHUFMSHU0UV97 | Long             | ABS-O            | CORP              | US        |    312131 | PA      | $313121.42    | 0.04%             | 2054-08-25      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2024-HE1                                                | CUSIP: 46658AAB1<br>LEI: 529900PFHUFMSHU0UV97 | Long             | ABS-O            | CORP              | US        |     81686 | PA      | $82208.16     | 0.01%             | 2054-08-25      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-NQM3                                        | CUSIP: 46659QAD1<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    222848 | PA      | $224809.34    | 0.03%             | 2065-11-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-NQM3                                        | CUSIP: 46659QAF6<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $232988.48    | 0.03%             | 2065-11-25      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2025-HE3                                                | CUSIP: 46660CAB3<br>LEI: 529900FDW9QWEZPAFE21 | Long             | ABS-O            | CORP              | US        |   1075000 | PA      | $1079643.36   | 0.13%             | 2056-03-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2025-HE3                                                | CUSIP: 46660CAC1<br>LEI: 529900FDW9QWEZPAFE21 | Long             | ABS-O            | CORP              | US        |    490000 | PA      | $492429.86    | 0.06%             | 2056-03-20      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust 2025-HE3                                                | CUSIP: 46660CAD9<br>LEI: 529900FDW9QWEZPAFE21 | Long             | ABS-O            | CORP              | US        |    395000 | PA      | $397722.30    | 0.05%             | 2056-03-20      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                            | JP Morgan Mortgage Trust Series 2025-NQM5                                        | CUSIP: 46664DAE1<br>LEI: 529900371ZWA9WXVGB88 | Long             | ABS-MBS          | CORP              | US        |   1688628 | PA      | $1694801.59   | 0.21%             | 2065-05-25      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| JAGUAR LAND ROVER AUTOMO                                                            | Jaguar Land Rover Automotive PLC                                                 | CUSIP: 47010BAM6<br>LEI: 529900L73GEWN1O5NH84 | Long             | DBT              | CORP              | GB        |    470000 | PA      | $469609.85    | 0.06%             | 2029-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC                                                               | Jane Street Group LLC 2024 Term Loan B1                                          | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |    446475 | PA      | $442680.17    | 0.06%             | 2031-12-15      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                                                             | Jane Street Group / JSG Finance Inc                                              | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    755000 | PA      | $793816.82    | 0.10%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                                 | JPMorgan Chase & Co                                                              | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1623587.23   | 0.20%             | 2026-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| KKR Apple Bidco LLC                                                                 | KKR Apple Bidco LLC 2025 Term Loan                                               | CUSIP: 48254EAG6<br>LEI: 2549001SCJD3WEYJFM53 | Long             | LON              | CORP              | US        |    435600 | PA      | $435499.81    | 0.05%             | 2031-09-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Kaseya Inc                                                                          | Kaseya Inc 2025 1st Lien Term Loan B                                             | CUSIP: 48578AAB4<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |    498744 | PA      | $479417.40    | 0.06%             | 2032-03-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                                                  | Caturus Energy LLC                                                               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    545000 | PA      | $568233.35    | 0.07%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                                   | Kinder Morgan Inc                                                                | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   2255000 | PA      | $2313992.90   | 0.29%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kinetic ABS Issuer LLC                                                              | Kinetic ABS Issuer LLC                                                           | CUSIP: 49459AAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1620000 | PA      | $1620000.00   | 0.20%             | 2056-02-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                              | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202387.40    | 0.03%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                                 | Kinetik Holdings LP                                                              | CUSIP: 49461MAB6<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216240.78    | 0.03%             | 2028-12-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                                                                    | Knife River Corp                                                                 | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1332800.00   | 0.17%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                             | Kodiak Gas Services LLC                                                          | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    740000 | PA      | $767539.10    | 0.10%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                                           | Kubota Credit Owner Trust 2025-1                                                 | CUSIP: 50117FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    436000 | PA      | $442048.98    | 0.06%             | 2029-06-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                                                               | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |    330000 | PA      | $337954.32    | 0.04%             | 2030-10-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                                                                       | LGI Homes Inc                                                                    | CUSIP: 50187TAF3<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    145000 | PA      | $133071.65    | 0.02%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                                                                | LHOME Mortgage Trust 2024-RTL4                                                   | CUSIP: 50205PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    354000 | PA      | $355835.88    | 0.04%             | 2039-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| LV Trust                                                                            | Fashion Show Mall LLC                                                            | CUSIP: 50245XAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    578000 | PA      | $590661.90    | 0.07%             | 2041-10-10      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| LV Trust                                                                            | Fashion Show Mall LLC                                                            | CUSIP: 50245XAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    610000 | PA      | $613029.32    | 0.08%             | 2041-10-10      | Variable      | 6.28%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                                | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $429134.00    | 0.05%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                                                            | Live Nation Entertainment Inc                                                    | CUSIP: 538034AR0<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    295000 | PA      | $294908.73    | 0.04%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                            | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $759728.31    | 0.09%             | 2028-01-05      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                            | Lloyds Banking Group PLC                                                         | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2065000 | PA      | $2102451.17   | 0.26%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) LP                                                     | Lyra Music Assets Delaware LP                                                    | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |    698327 | PA      | $705228.98    | 0.09%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                                | M&T Bank Corp                                                                    | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2342105.01   | 0.29%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO                                                            | Manufacturers & Traders Trust Co                                                 | CUSIP: 55279HAW0<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    815000 | PA      | $826305.61    | 0.10%             | 2028-01-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MED Trust                                                                           | MED Commercial Mortgage Trust 2024-MOB                                           | CUSIP: 55287BAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $207266.54    | 0.03%             | 2041-05-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                                         | MF1 2026-FL21 LLC                                                                | CUSIP: 55287NAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    541000 | PA      | $541507.51    | 0.07%             | 2041-02-18      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                                         | MF1 2026-FL21 LLC                                                                | CUSIP: 55287NAL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    541000 | PA      | $541676.30    | 0.07%             | 2041-02-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust                                         | MF1 2026-FL21 LLC                                                                | CUSIP: 55287NAQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    849000 | PA      | $849530.88    | 0.11%             | 2041-02-18      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| MSWF Commercial Mortgage Trust                                                      | MSWF Commercial Mortgage Trust 2023-2                                            | CUSIP: 55361AAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82000 | PA      | $88078.72     | 0.01%             | 2056-12-15      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2024-2 LLC                                                                   | CUSIP: 55389QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155204 | PA      | $154753.61    | 0.02%             | 2042-03-20      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2024-2 LLC                                                                   | CUSIP: 55389QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99871 | PA      | $99701.16     | 0.01%             | 2042-03-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2025-2 LLC                                                                   | CUSIP: 55389RAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    582501 | PA      | $582477.73    | 0.07%             | 2044-10-20      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2021-1W LLC                                                                  | CUSIP: 55389TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35812 | PA      | $34753.73     | 0.00%             | 2041-01-22      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2021-2 LLC                                                                   | CUSIP: 55400KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1038064 | PA      | $987249.84    | 0.12%             | 2039-05-20      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2021-2 LLC                                                                   | CUSIP: 55400KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     94945 | PA      | $90522.14     | 0.01%             | 2039-05-20      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                                                | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    615000 | PA      | $619844.29    | 0.08%             | 2042-10-15      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                                                | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336000 | PA      | $343317.61    | 0.04%             | 2042-10-15      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| Madison Avenue Trust                                                                | MAD Commercial Mortgage Trust 2025-11MD                                          | CUSIP: 55616AAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    336000 | PA      | $332928.05    | 0.04%             | 2042-10-15      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                                                      | Manhattan West 2020-1MW Mortgage Trust                                           | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    862000 | PA      | $831640.53    | 0.10%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                                                      | Manhattan West 2020-1MW Mortgage Trust                                           | CUSIP: 563136AJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $286044.39    | 0.04%             | 2039-09-10      | Variable      | 2.33%                 | No            |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC                                                               | Manitowoc Co Inc/The                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |    310000 | PA      | $336693.48    | 0.04%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                                              | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    580000 | PA      | $590875.00    | 0.07%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                                               | McGraw-Hill Education Inc                                                        | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    540000 | PA      | $542393.28    | 0.07%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                                                      | Mercedes-Benz Auto Lease Trust 2025-B                                            | CUSIP: 58770XAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    291000 | PA      | $291320.68    | 0.04%             | 2029-04-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                                                  | MetroNet Infrastructure Issuer LLC                                               | CUSIP: 59170JAX6<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   1315000 | PA      | $1334505.13   | 0.17%             | 2055-08-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                                                  | MetroNet Infrastructure Issuer LLC                                               | CUSIP: 59170JBF4<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |    335000 | PA      | $335343.81    | 0.04%             | 2055-12-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                                                          | MFA 2025-NQM5 Trust                                                              | CUSIP: 59319DAC7<br>LEI: 25490048OKUKCESK4V59 | Long             | ABS-MBS          | CORP              | US        |   1656114 | PA      | $1666248.51   | 0.21%             | 2070-11-25      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Michaels Companies Inc                                                              | Michaels Companies Inc 2021 Term Loan B                                          | CUSIP: 59408UAB3<br>LEI: 549300H9LWMBP7HYLR98 | Long             | LON              | CORP              | US        |    797911 | PA      | $789668.81    | 0.10%             | 2028-04-17      | Floating      | 8.18%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                                                                 | Midocean Credit Clo XXI                                                          | CUSIP: 597924AA7<br>LEI: 254900LHC18VUV4A5266 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006972.00   | 0.25%             | 2038-10-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO                                                                 | Midocean Credit Clo XXI                                                          | CUSIP: 597924AJ8<br>LEI: 254900LHC18VUV4A5266 | Long             | ABS-CBDO         | CORP              | KY        |   3125000 | PA      | $3151717.19   | 0.39%             | 2038-10-20      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN                                                            | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                        | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $225938.78    | 0.03%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                                                               | Mineral Resources Ltd                                                            | CUSIP: 603051AF0<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $525477.81    | 0.07%             | 2031-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                                                              | AthenaHealth Group Inc                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77587.52     | 0.01%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                              | Mizuho Financial Group Inc                                                       | CUSIP: 60687YDN6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   3980000 | PA      | $4039164.33   | 0.50%             | 2031-07-08      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                                                       | MIZUHO FLOATER/RESIDUAL TRUST VARIOUS STATES                                     | CUSIP: 60700HTE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165069 | PA      | $5165069.00   | 0.64%             | 2052-12-01      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                              | Morgan Stanley Bank NA                                                           | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1955000 | PA      | $1991627.96   | 0.25%             | 2029-01-12      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                      | Morgan Stanley Capital I Trust 2018-H4                                           | CUSIP: 61691RAK2<br>LEI: 3IFG42XD94UUZ7FL2766 | Long             | ABS-MBS          | CORP              | US        |     87000 | PA      | $81883.35     | 0.01%             | 2051-12-15      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3555794.04   | 0.44%             | 2028-04-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C33                      | CUSIP: 61767CBA5<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |     65000 | PA      | $61269.08     | 0.01%             | 2050-05-15      | Variable      | 4.56%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                      | Morgan Stanley                                                                   | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2827139.32   | 0.35%             | 2027-05-04      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM3                         | CUSIP: 61776UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    444116 | PA      | $444957.97    | 0.06%             | 2069-07-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2024-NQM5                         | CUSIP: 61777QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    299472 | PA      | $302593.71    | 0.04%             | 2069-10-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                           | Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35                      | CUSIP: 61779CAZ7<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $307003.83    | 0.04%             | 2058-08-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM2                         | CUSIP: 617941AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148254 | PA      | $150147.17    | 0.02%             | 2070-01-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM6                         | CUSIP: 617948AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    794198 | PA      | $802092.99    | 0.10%             | 2070-07-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2026-DSC1                         | CUSIP: 617950AG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1430000 | PA      | $1430939.22   | 0.18%             | 2071-01-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM10                        | CUSIP: 617955AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1085768 | PA      | $1093319.52   | 0.14%             | 2070-11-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust                                      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM10                        | CUSIP: 617955AG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    331268 | PA      | $333260.73    | 0.04%             | 2070-11-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                                 | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    570000 | PA      | $570984.96    | 0.07%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2025-1 LLC                                                                   | CUSIP: 627924AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129304 | PA      | $131073.96    | 0.02%             | 2042-09-22      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2025-1 LLC                                                                   | CUSIP: 627924AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105210 | PA      | $106052.08    | 0.01%             | 2042-09-22      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2024-1 LLC                                                                   | CUSIP: 62847RAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101478 | PA      | $103058.72    | 0.01%             | 2043-02-20      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                     | MVW 2024-1 LLC                                                                   | CUSIP: 62847RAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     56952 | PA      | $58219.46     | 0.01%             | 2043-02-20      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                                                                 | NCL Corp Ltd                                                                     | CUSIP: 62886HBP5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    505000 | PA      | $516141.31    | 0.06%             | 2030-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                      | NRG Energy Inc                                                                   | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    340000 | PA      | $374421.94    | 0.05%             | 2028-03-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| New York Mortgage Trust                                                             | NYMT Loan Trust 2024-INV1                                                        | CUSIP: 62956XAC5<br>LEI: 2549009GL7U73W4FX613 | Long             | ABS-MBS          | CORP              | US        |    362590 | PA      | $366428.10    | 0.05%             | 2069-06-25      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                                              | NRM FNT1 Excess LLC                                                              | CUSIP: 62956YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172511 | PA      | $175632.23    | 0.02%             | 2031-11-25      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| NY Commercial Mortgage Trust                                                        | NY Commercial Mortgage Trust 2025-299P                                           | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390000 | PA      | $411461.51    | 0.05%             | 2047-02-10      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2020-H                                 | CUSIP: 63935BAA1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   2336787 | PA      | $2229203.99   | 0.28%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                                        | Navient Corp                                                                     | CUSIP: 63938CAM0<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    330000 | PA      | $322773.13    | 0.04%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2020-F                                 | CUSIP: 63941XAA5<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    199885 | PA      | $189726.59    | 0.02%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2021-A                                 | CUSIP: 63942BAA2<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    120541 | PA      | $111274.58    | 0.01%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2021-E                                 | CUSIP: 63942EAA6<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   2548268 | PA      | $2313205.64   | 0.29%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2021-F                                 | CUSIP: 63942GAA1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    371110 | PA      | $334271.09    | 0.04%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2021-C                                 | CUSIP: 63942JAA5<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   1431557 | PA      | $1318061.61   | 0.16%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2021-G                                 | CUSIP: 63942KAA2<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |   1078312 | PA      | $984746.90    | 0.12%             | 2070-04-15      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2021-B                                 | CUSIP: 63942LAA0<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    386098 | PA      | $354096.77    | 0.04%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                                                          | Navient Private Education Refi Loan Trust 2024-A                                 | CUSIP: 63943CAA9<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    688029 | PA      | $705164.08    | 0.09%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                                | Neptune Bidco US Inc                                                             | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    495000 | PA      | $508268.97    | 0.06%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2019-NQM5                                    | CUSIP: 64830PAA4<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |    153596 | PA      | $147342.82    | 0.02%             | 2059-11-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2024-RTL2                                    | CUSIP: 64831WAA8<br>LEI: 213800H34ZKQ2LAZZL53 | Long             | ABS-MBS          | CORP              | US        |    219000 | PA      | $220832.79    | 0.03%             | 2039-09-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2025-NQM7                                    | CUSIP: 64831YAE6<br>LEI: 2138008C4H1F2CU67V53 | Long             | ABS-MBS          | CORP              | US        |    866639 | PA      | $869440.51    | 0.11%             | 2065-10-26      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                                              | NRM FHT1 Excess Owner LLC                                                        | CUSIP: 64832EAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    223724 | PA      | $226663.38    | 0.03%             | 2032-03-25      | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2025-NQM4                                    | CUSIP: 64832FAC0<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |    677523 | PA      | $684646.21    | 0.09%             | 2065-07-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | NRZT 2025-NQM6                                                                   | CUSIP: 64832KAH8<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501908.35    | 0.06%             | 2065-10-25      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2026-NQM1                                    | CUSIP: 64832LAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393000 | PA      | $393325.13    | 0.05%             | 2065-11-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust 2026-NQM1                                    | CUSIP: 64832LAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393000 | PA      | $393322.26    | 0.05%             | 2065-11-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                              | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    890000 | PA      | $895179.80    | 0.11%             | 2028-02-04      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                                              | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAB8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138727.05    | 0.02%             | 2027-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                                              | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196057.96    | 0.02%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                             | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAK1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    440000 | PA      | $441508.76    | 0.06%             | 2028-09-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                             | Nissan Motor Acceptance Co LLC                                                   | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    360000 | PA      | $359000.64    | 0.04%             | 2030-09-30      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                                                       | Nordstrom Inc                                                                    | CUSIP: 655664AS9<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227258.88    | 0.03%             | 2027-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                                               | Novartis Capital Corp                                                            | CUSIP: 66989HBD9<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |   6410000 | PA      | $6444252.22   | 0.80%             | 2028-11-05      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                        | Novelis Corp                                                                     | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193866.02    | 0.02%             | 2030-01-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                                                        | Novelis Corp                                                                     | CUSIP: 670001AL0<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    385000 | PA      | $399033.64    | 0.05%             | 2030-01-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                                         | OCP CLO 2021-21 Ltd                                                              | CUSIP: 671000AS6<br>LEI: 2549000M7NBNQ7XU2038 | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2426014.56   | 0.30%             | 2038-01-20      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners                                                            | OHA Credit Partners VII Ltd                                                      | CUSIP: 67102QBT4<br>LEI: 549300LXLBAFTIMXZT54 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3016434.90   | 0.38%             | 2038-02-20      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2024-NQM14 Trust                                                             | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |    202116 | PA      | $202767.91    | 0.03%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2024-NQM14 Trust                                                             | CUSIP: 67119XAF1<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $190182.51    | 0.02%             | 2064-09-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust                                                      | NXPT Commercial Mortgage Trust 2024-STOR                                         | CUSIP: 67119YAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    921000 | PA      | $919984.60    | 0.11%             | 2041-11-05      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| NXPT Commercial Mortgage Trust                                                      | NXPT Commercial Mortgage Trust 2024-STOR                                         | CUSIP: 67119YAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316650 | PA      | $318543.88    | 0.04%             | 2041-11-05      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                                                           | ORL Trust 2024-GLKS                                                              | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $501250.00    | 0.06%             | 2039-12-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                                                           | ORL Trust 2024-GLKS                                                              | CUSIP: 67120DAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $150656.25    | 0.02%             | 2039-12-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $260162.50    | 0.03%             | 2042-02-15      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210000 | PA      | $210525.00    | 0.03%             | 2042-02-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2025-3BP                                           | CUSIP: 67120UAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100500.00    | 0.01%             | 2042-02-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2025-HE1 Trust                                                               | CUSIP: 67121CAA4<br>LEI: 2549002GJHC7CO92J583 | Long             | ABS-O            | CORP              | US        |    698266 | PA      | $701735.94    | 0.09%             | 2055-02-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2025-NQM7 Trust                                                              | CUSIP: 67121DAB0<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |    151250 | PA      | $152887.22    | 0.02%             | 2055-05-25      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2025-NQM7 Trust                                                              | CUSIP: 67121DAC8<br>LEI: 2549008GB179CC65SK60 | Long             | ABS-MBS          | CORP              | US        |    168581 | PA      | $170449.87    | 0.02%             | 2055-05-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2025-NQM10 Trust                                                             | CUSIP: 67121LAD8<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |    385000 | PA      | $389350.77    | 0.05%             | 2065-05-25      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2021-909                                              | NYC Commercial Mortgage Trust 2025-300P                                          | CUSIP: 67121TAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    382000 | PA      | $387651.42    | 0.05%             | 2042-07-13      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2025-NQM16 Trust                                                             | CUSIP: 67122DAG8<br>LEI: 254900WI6P4MRT24JH23 | Long             | ABS-MBS          | CORP              | US        |    928204 | PA      | $929483.45    | 0.12%             | 2065-08-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2025-NQM17 Trust                                                             | CUSIP: 67122JAE0<br>LEI: 254900I0YTADJGNQ3O02 | Long             | ABS-MBS          | CORP              | US        |    625876 | PA      | $627780.14    | 0.08%             | 2065-08-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| NYSEG STORM FUNDING LLC                                                             | NYSEG Storm Funding LLC                                                          | CUSIP: 67122QAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    347764 | PA      | $351492.84    | 0.04%             | 2029-05-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                                         | OCP CLO 2025-48 Ltd                                                              | CUSIP: 67122YAA5<br>LEI: 2138008RM9AHM8ZQ8119 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2507878.75   | 0.31%             | 2038-12-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                                                         | OCP CLO 2025-48 Ltd                                                              | CUSIP: 67122YAG2<br>LEI: 2138008RM9AHM8ZQ8119 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2515120.25   | 0.31%             | 2038-12-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2026-NQM1 Trust                                                              | CUSIP: 67123HAK9<br>LEI: 25490068H0VHV68K7086 | Long             | ABS-MBS          | CORP              | US        |   1790509 | PA      | $1794566.15   | 0.22%             | 2065-11-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2026-NQM2 Trust                                                              | CUSIP: 67123VAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1235000 | PA      | $1236137.93   | 0.15%             | 2065-12-01      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                            | OBX 2025-NQM20 Trust                                                             | CUSIP: 67126GAF9<br>LEI: 254900Y8CC35WOVR8295 | Long             | ABS-MBS          | CORP              | US        |   1319932 | PA      | $1326615.19   | 0.17%             | 2065-10-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd                                                                     | Oaktree CLO 2022-3 Ltd                                                           | CUSIP: 67401RAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1204185.72   | 0.15%             | 2037-10-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                                                            | Olympus Water US Holding Corp                                                    | CUSIP: 681639AA8<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    365000 | PA      | $354763.03    | 0.04%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Olympus Water US Holding Corporation                                                | Olympus Water US Holding Corporation 2024 USD Term Loan                          | CUSIP: 68163YAJ4<br>LEI: 549300YU2GGVCBN3MY89 | Long             | LON              | CORP              | US        |    328342 | PA      | $323252.40    | 0.04%             | 2031-06-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ONE Park Mortgage Trust                                                             | ONE 2021-PARK Mortgage Trust                                                     | CUSIP: 682413AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    285000 | PA      | $284584.41    | 0.04%             | 2036-03-15      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| One Market Plaza Trust                                                              | One Market Plaza Trust 2017-1MKT                                                 | CUSIP: 68245HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    154855 | PA      | $149488.39    | 0.02%             | 2032-02-10      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| One Market Plaza Trust                                                              | One Market Plaza Trust 2017-1MKT                                                 | CUSIP: 68245HAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360000 | PA      | $343027.58    | 0.04%             | 2032-02-10      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| One Market Plaza Trust                                                              | One Market Plaza Trust 2017-1MKT                                                 | CUSIP: 68245HAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $142553.36    | 0.02%             | 2032-02-10      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| Avenue of Americas                                                                  | 1301 Trust 2025-AOA                                                              | CUSIP: 682461AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    328000 | PA      | $332874.83    | 0.04%             | 2042-08-11      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Avenue of Americas                                                                  | 1301 Trust 2025-AOA                                                              | CUSIP: 682461AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    405000 | PA      | $411287.14    | 0.05%             | 2042-08-11      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Avenue of Americas                                                                  | 1301 Trust 2025-AOA                                                              | CUSIP: 682461AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    354000 | PA      | $362193.19    | 0.05%             | 2042-08-11      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                                    | OneMain Financial Issuance Trust 2022-2                                          | CUSIP: 68268VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38510 | PA      | $38532.97     | 0.00%             | 2034-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                                | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    620000 | PA      | $654014.44    | 0.08%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                                | OneMain Finance Corp                                                             | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407758.00    | 0.05%             | 2030-05-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                                    | OneMain Financial Issuance Trust 2023-2                                          | CUSIP: 68269HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1275208.75   | 0.16%             | 2036-09-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| ONNI Commercial Mortgage Trust                                                      | ONNI Commerical Mortgage Trust 2024-APT                                          | CUSIP: 682939AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    221000 | PA      | $226057.76    | 0.03%             | 2039-07-15      | Variable      | 6.64%                 | No            |                  2 | On Loan: No      |
| ONNI Commercial Mortgage Trust                                                      | ONNI Commerical Mortgage Trust 2024-APT                                          | CUSIP: 682939AG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    253000 | PA      | $260503.15    | 0.03%             | 2039-07-15      | Variable      | 7.24%                 | No            |                  2 | On Loan: No      |
| FIBERCOP SPA                                                                        | Fibercop SpA                                                                     | CUSIP: 683879AB6<br>LEI: 8156007022402E114A31 | Long             | DBT              | CORP              | IT        |    195000 | PA      | $197488.20    | 0.02%             | 2033-11-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ORANGE SA                                                                           | Orange SA                                                                        | CUSIP: 685218AH2<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   2425000 | PA      | $2426298.08   | 0.30%             | 2029-01-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EquipmentShare                                                                      | OWN Equipment Fund I LLC                                                         | CUSIP: 69121NAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    407538 | PA      | $413019.76    | 0.05%             | 2032-12-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                              | PNC Financial Services Group Inc/The                                             | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1619579.07   | 0.20%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                              | PNC Financial Services Group Inc/The                                             | CUSIP: 693475CG8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    975000 | PA      | $976373.70    | 0.12%             | 2029-01-26      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety, LLC                                                       | Pye-Barker Fire & Safety LLC 2025 Term Loan                                      | CUSIP: 69380SAB9<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |    435000 | PA      | $434817.30    | 0.05%             | 2032-12-16      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Pye-Barker Fire & Safety, LLC                                                       | Pye-Barker Fire & Safety LLC 2025 Delayed Draw Term Loan                         | CUSIP: 69380SAC7<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |     65000 | PA      | $64972.70     | 0.01%             | 2032-12-16      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| PFP III                                                                             | PFP 2025-12 Ltd                                                                  | CUSIP: 69382JAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    440000 | PA      | $440865.74    | 0.05%             | 2042-12-18      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                                         | PRKCM 2025-AFC1 Trust                                                            | CUSIP: 69392YAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1415919 | PA      | $1423376.37   | 0.18%             | 2060-10-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PRM5 Trust                                                                          | PRM5 Trust 2025-PRM5                                                             | CUSIP: 693980AG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    303000 | PA      | $303889.06    | 0.04%             | 2033-03-10      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                              | Pacific Gas and Electric Co                                                      | CUSIP: 694308KW6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   3395000 | PA      | $3455919.78   | 0.43%             | 2028-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                                               | Palmer Square CLO 2024-4 Ltd                                                     | CUSIP: 69703WAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1004977.80   | 0.13%             | 2038-01-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                                              | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAB9<br>LEI: N/A                  | Long             | DBT              |  | US        |    250000 | PA      | $250002.50    | 0.03%             | 2028-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                                                              | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAD5<br>LEI: N/A                  | Long             | DBT              |  | US        |    465000 | PA      | $479075.09    | 0.06%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                                                              | Patrick Industries Inc                                                           | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1301701.67   | 0.16%             | 2029-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                                 | PenFed Auto Receivables Owner Trust 2025-A                                       | CUSIP: 706916AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    936000 | PA      | $938263.62    | 0.12%             | 2030-07-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                                                               | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAE7<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |    825000 | PA      | $851726.70    | 0.11%             | 2030-11-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                                               | Petco Health and Wellness Company Inc 2021 Term Loan B                           | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    635258 | PA      | $633593.74    | 0.08%             | 2028-03-03      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| PETCO HEALTH & WELLNESS                                                             | Petco Health & Wellness Co Inc                                                   | CUSIP: 71601VAA3<br>LEI: 2549007TYGV6RVSE9M61 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195510.69    | 0.02%             | 2031-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PetSmart Inc                                                                        | PetSmart Inc 2025 USD Term Loan B                                                | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    780000 | PA      | $778830.00    | 0.10%             | 2032-08-18      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                                          | Pfizer Inc                                                                       | CUSIP: 717081FC2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   3655000 | PA      | $3669524.17   | 0.46%             | 2027-11-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Parexel International Corporation                                                   | Parexel International Corporation 2025 Repriced Term Loan B                      | CUSIP: 71911KAF1<br>LEI: 549300GCZVUYB6P2OA17 | Long             | LON              | CORP              | US        |    500000 | PA      | $499585.00    | 0.06%             | 2031-12-12      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust                                                     | Prestige Auto Receivables Trust 2021-1                                           | CUSIP: 74113XAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    469728 | PA      | $465574.85    | 0.06%             | 2028-02-15      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                            | Principal Life Global Funding II                                                 | CUSIP: 7425APAC9<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1701682.78   | 0.21%             | 2028-08-18      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| PRM Trust                                                                           | PRM Trust 2025-PRM6                                                              | CUSIP: 74277DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147000 | PA      | $147777.34    | 0.02%             | 2033-07-05      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                                         | PRKCM 2025-AFC2 Trust                                                            | CUSIP: 74277JAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1565041 | PA      | $1570407.98   | 0.20%             | 2060-12-25      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust                                                    | Provident Funding Mortgage Trust 2025-4                                          | CUSIP: 74387AAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    890456 | PA      | $896640.96    | 0.11%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN                                                               | Provident Funding Associates LP / PFG Finance Corp                               | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $283203.00    | 0.04%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                               | Quikrete Holdings Inc 2025 Term Loan B1                                          | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    882217 | PA      | $882216.54    | 0.11%             | 2031-04-14      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| RCKT Trust                                                                          | RCKTL 2025-2                                                                     | CUSIP: 74939HAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    715328 | PA      | $716066.93    | 0.09%             | 2034-11-27      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES10                                                   | CUSIP: 74939LAA2<br>LEI: 2549008ADDIO9CIJ8W08 | Long             | ABS-MBS          | CORP              | US        |    491453 | PA      | $492919.04    | 0.06%             | 2055-11-25      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES10                                                   | CUSIP: 74939LAB0<br>LEI: 2549008ADDIO9CIJ8W08 | Long             | ABS-MBS          | CORP              | US        |    745354 | PA      | $747571.38    | 0.09%             | 2055-11-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES11                                                   | CUSIP: 749423AB5<br>LEI: 254900BTBXWWIQBK4D47 | Long             | ABS-MBS          | CORP              | US        |   1230130 | PA      | $1235814.44   | 0.15%             | 2055-11-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                                                         | RCKT Mortgage Trust 2025-CES11                                                   | CUSIP: 749423AD1<br>LEI: 254900BTBXWWIQBK4D47 | Long             | ABS-MBS          | CORP              | US        |    221000 | PA      | $221690.01    | 0.03%             | 2055-11-25      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| RLJ LODGING TRUST LP                                                                | RLJ Lodging Trust LP                                                             | CUSIP: 74965LAB7<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | DBT              |  | US        |    425000 | PA      | $403307.92    | 0.05%             | 2029-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    555000 | PA      | $573383.99    | 0.07%             | 2041-11-13      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                          | ROCK Trust 2024-CNTR                                                             | CUSIP: 74970WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    357000 | PA      | $376120.63    | 0.05%             | 2041-11-13      | Fixed         | 7.11%                 | No            |                  2 | On Loan: No      |
| RFR Trust                                                                           | RFR Trust 2025-SGRM                                                              | CUSIP: 74984NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1205000 | PA      | $1231360.46   | 0.15%             | 2041-03-11      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                                                                         | Rad CLO 18 Ltd                                                                   | CUSIP: 75009ABC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1612600.32   | 0.20%             | 2037-07-15      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Regatta XXVIII Funding Ltd.                                                         | Regatta XXVIII Funding Ltd                                                       | CUSIP: 75901PAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1202760.00   | 0.15%             | 2037-04-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                                                | LifePoint Health Inc 2024 1st Lien Term Loan B                                   | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    527337 | PA      | $526788.25    | 0.07%             | 2031-05-19      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| RESIDEO FUNDING INC                                                                 | Resideo Funding Inc                                                              | CUSIP: 76119LAB7<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |    530000 | PA      | $510534.11    | 0.06%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIDE 2025-SHRE                                                                      | RIDE 2025-SHRE                                                                   | CUSIP: 765692AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    304000 | PA      | $309491.15    | 0.04%             | 2047-02-14      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| TGNR INTERMEDIATE HOLDIN                                                            | TGNR Intermediate Holdings LLC                                                   | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |    405000 | PA      | $400770.10    | 0.05%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                                      | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    555000 | PA      | $568214.00    | 0.07%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                           | SFS Auto Receivables Securitization Trust 2025-3                                 | CUSIP: 78398KAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540000 | PA      | $542207.79    | 0.07%             | 2031-04-21      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                        | State Street Institutional US Government Money Market Fund                       | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |  42955071 | NS      | $42955071.24  | 5.36%             |  |  |  | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                                       | SFO Commercial Mortgage Trust 2021-555                                           | CUSIP: 78432WAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112000 | PA      | $111721.30    | 0.01%             | 2038-05-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                                       | SFO Commercial Mortgage Trust 2021-555                                           | CUSIP: 78432WAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    669000 | PA      | $666491.25    | 0.08%             | 2038-05-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| SFO Commerical Mortgage Trust                                                       | SFO Commercial Mortgage Trust 2021-555                                           | CUSIP: 78432WAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    311000 | PA      | $309837.70    | 0.04%             | 2038-05-15      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                                                                 | SG Residential Mortgage Trust 2021-2                                             | CUSIP: 78432YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    338316 | PA      | $293326.26    | 0.04%             | 2061-12-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                                                              | SCIH Salt Holdings Inc                                                           | CUSIP: 78433BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $369101.53    | 0.05%             | 2028-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                           | SFS Auto Receivables Securitization Trust 2024-1                                 | CUSIP: 78435VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    421000 | PA      | $432995.81    | 0.05%             | 2032-01-20      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                           | SFS Auto Receivables Securitization Trust 2024-3                                 | CUSIP: 78436XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    540000 | PA      | $546610.63    | 0.07%             | 2031-11-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SDAL Trust                                                                          | SDAL Trust 2025-DAL                                                              | CUSIP: 78437RAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    299000 | PA      | $301242.08    | 0.04%             | 2042-04-15      | Floating      | 7.62%                 | No            |                  2 | On Loan: No      |
| SMRT                                                                                | SMRT 2022-MINI                                                                   | CUSIP: 78457JAN2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    769560 | PA      | $767636.10    | 0.10%             | 2039-01-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC                                                | Sofi Professional Loan Program 2018-C Trust                                      | CUSIP: 78490DAC8<br>LEI: 5493002WMPR84WZ75V46 | Long             | ABS-O            | CORP              | US        |    490000 | PA      | $476199.30    | 0.06%             | 2048-01-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                              | Santander Drive Auto Receivables Trust 2025-2                                    | CUSIP: 80287NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    445000 | PA      | $450652.88    | 0.06%             | 2031-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                              | Santander Drive Auto Receivables Trust 2024-1                                    | CUSIP: 80288AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87000 | PA      | $88170.49     | 0.01%             | 2030-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                              | Santander Drive Auto Receivables Trust 2025-1                                    | CUSIP: 80288DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    449000 | PA      | $457848.89    | 0.06%             | 2031-03-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union                                                            | SCCU Auto Receivables Trust 2025-1                                               | CUSIP: 80620BAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $192515.92    | 0.02%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union                                                            | SCCU Auto Receivables Trust 2025-1                                               | CUSIP: 80620BAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    174000 | PA      | $175506.98    | 0.02%             | 2031-12-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Space Coast Credit Union                                                            | SCCU Auto Receivables Trust 2025-1                                               | CUSIP: 80620BAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113000 | PA      | $114166.66    | 0.01%             | 2032-02-17      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                                            | Science Applications International Corp                                          | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $1012431.04   | 0.13%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SEALED AIR/SEALED AIR US                                                            | Sealed Air Corp/Sealed Air Corp US                                               | CUSIP: 812127AB4<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    135000 | PA      | $140572.53    | 0.02%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                                                            | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195523.54    | 0.02%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sedgwick Claims Management Services Inc                                             | Sedgwick Claims Management Services Inc 2023 Term Loan B                         | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |   1182030 | PA      | $1176675.48   | 0.15%             | 2031-07-31      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV                                                             | Sensata Technologies BV                                                          | CUSIP: 81725WAL7<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    265000 | PA      | $268938.96    | 0.03%             | 2030-09-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                              | Sequoia Mortgage Trust 2024-4                                                    | CUSIP: 81743BAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115059 | PA      | $115324.54    | 0.01%             | 2054-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                              | Sequoia Mortgage Trust 2024-2                                                    | CUSIP: 81749HAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31361 | PA      | $31395.11     | 0.00%             | 2054-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Shops at Crystals Trust 2016-CSTL                                                   | Shops at Crystals Trust 2016-CSTL                                                | CUSIP: 82510WAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1343597.76   | 0.17%             | 2036-07-05      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Shops at Crystals Trust 2016-CSTL                                                   | Shops at Crystals Trust 2016-CSTL                                                | CUSIP: 82510WAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1925000 | PA      | $1916685.16   | 0.24%             | 2036-07-05      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2023-2 Receivables Funding LLC                                  | CUSIP: 82650BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     71642 | PA      | $74179.26     | 0.01%             | 2040-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2024-2 Receivables Funding LLC                                  | CUSIP: 82650DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    374425 | PA      | $379625.97    | 0.05%             | 2041-06-20      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2024-2 Receivables Funding LLC                                  | CUSIP: 82650DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79461 | PA      | $80577.04     | 0.01%             | 2041-06-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2025-3 Receivables Funding LLC                                  | CUSIP: 82650FAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    219897 | PA      | $219997.75    | 0.03%             | 2044-08-22      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2025-3 Receivables Funding LLC                                  | CUSIP: 82650FAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    287558 | PA      | $287157.58    | 0.04%             | 2044-08-22      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2022-2 Receivables Funding LLC                                  | CUSIP: 82650TAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     40948 | PA      | $41079.56     | 0.01%             | 2040-06-20      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2022-1 Receivables Funding LLC                                  | CUSIP: 82652TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    914498 | PA      | $908391.91    | 0.11%             | 2038-10-20      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2022-1 Receivables Funding LLC                                  | CUSIP: 82652TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     66962 | PA      | $66437.12     | 0.01%             | 2038-10-20      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2024-3 Receivables Funding LLC                                  | CUSIP: 82653BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    166846 | PA      | $167621.56    | 0.02%             | 2041-08-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2025-1 Receivables Funding LLC                                  | CUSIP: 82653CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    232155 | PA      | $233407.27    | 0.03%             | 2042-01-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2025-2 Receivables Funding LLC                                  | CUSIP: 82653HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233192 | PA      | $234719.14    | 0.03%             | 2044-04-20      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2025-2 Receivables Funding LLC                                  | CUSIP: 82653HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151611 | PA      | $152058.47    | 0.02%             | 2044-04-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2024-1 Receivables Funding LLC                                  | CUSIP: 826935AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    153545 | PA      | $155730.02    | 0.02%             | 2043-01-20      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                                                                | Signal Peak CLO 8 Ltd                                                            | CUSIP: 826937AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003561.90   | 0.13%             | 2037-10-20      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2023-1 Receivables Funding LLC                                  | CUSIP: 826943AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     72771 | PA      | $74703.66     | 0.01%             | 2040-01-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                                   | Sierra Timeshare 2023-3 Receivables Funding LLC                                  | CUSIP: 826944AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     63494 | PA      | $65489.63     | 0.01%             | 2040-09-20      | Fixed         | 6.44%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                                                                 | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    260000 | PA      | $253973.11    | 0.03%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN                                                            | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC    | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $56124.75     | 0.01%             | 2032-01-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRUST                                                    | SoFi Consumer Loan Program Trust 2026-1                                          | CUSIP: 83408AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    904000 | PA      | $906808.82    | 0.11%             | 2035-12-26      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Sotheby's Artfi Master Trust 2024-A                                                 | Sotheby's Artfi Master Trust                                                     | CUSIP: 83589CAA6<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |    634000 | PA      | $635358.73    | 0.08%             | 2031-12-22      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Sothebys ArtFi Master Trust                                                         | Sotheby's Artfi Master Trust                                                     | CUSIP: 83589DAD8<br>LEI: 9845002FA850DM72BA31 | Long             | ABS-O            | CORP              | US        |    977000 | PA      | $977686.93    | 0.12%             | 2033-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SRAM LLC                                                                            | SRAM LLC 2025 Term Loan B                                                        | CUSIP: 85232BAV8<br>LEI: 5493005GYDYQG38FCT53 | Long             | LON              | CORP              | US        |    435600 | PA      | $435600.00    | 0.05%             | 2032-02-27      | Floating      | 5.95%                 | No            |                  3 | On Loan: No      |
| Stack Infrastructure Issuer LLC                                                     | Stack Infrastructure Issuer LLC                                                  | CUSIP: 85236KAH5<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    590000 | PA      | $592335.40    | 0.07%             | 2048-07-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                                                     | Stack Infrastructure Issuer LLC                                                  | CUSIP: 85236KAK8<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    548000 | PA      | $552149.62    | 0.07%             | 2048-10-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LLC                                                     | Stack Infrastructure Issuer LLC                                                  | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    605000 | PA      | $597551.24    | 0.07%             | 2050-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                                                            | Standard Industries Inc/NY                                                       | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    330000 | PA      | $318354.83    | 0.04%             | 2030-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                                                         | Staples Inc                                                                      | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    115000 | PA      | $113002.74    | 0.01%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| STAR HOLDING LLC                                                                    | Star Holding LLC                                                                 | CUSIP: 85513AAA6<br>LEI: 254900BDGPE9N1WAKD59 | Long             | DBT              | CORP              | US        |    385000 | PA      | $385940.17    | 0.05%             | 2031-08-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAR PARENT INC                                                                     | Star Parent Inc                                                                  | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |    570000 | PA      | $601619.04    | 0.08%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                             | Starwood Property Trust Inc                                                      | CUSIP: 85571BBB0<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    360000 | PA      | $379664.28    | 0.05%             | 2029-04-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                             | Starwood Property Trust Inc                                                      | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |    330000 | PA      | $343650.45    | 0.04%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                                   | State Street Corp                                                                | CUSIP: 857477CE1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    350000 | PA      | $350875.98    | 0.04%             | 2026-08-03      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust                              | Stellantis Financial Underwritten Enhanced Lease Trust 2025-B                    | CUSIP: 858933AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440000 | PA      | $443372.34    | 0.06%             | 2029-07-20      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust                              | Stellantis Financial Underwritten Enhanced Lease Trust 2025-B                    | CUSIP: 858933AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440000 | PA      | $443394.69    | 0.06%             | 2030-01-22      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Summer Issuer, LLC                                                                  | Summit Issuer LLC                                                                | CUSIP: 86613XAN5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1106000 | PA      | $1114649.69   | 0.14%             | 2055-11-20      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                                                     | Star Parent Inc Term Loan B                                                      | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    422475 | PA      | $422551.05    | 0.05%             | 2030-09-27      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                                                    | Symphony CLO 51 Ltd                                                              | CUSIP: 87170DAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2005804.00   | 0.25%             | 2039-01-28      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mortgage Trust                                           | TCO Commercial Mortgage Trust 2024-DPM                                           | CUSIP: 87231EAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100187.50    | 0.01%             | 2039-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                                                                        | TICP CLO VII Ltd                                                                 | CUSIP: 87248TAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501228.75    | 0.06%             | 2033-04-15      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| TKC HOLDINGS INC                                                                    | TKC Holdings Inc                                                                 | CUSIP: 87256YAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    855000 | PA      | $860922.59    | 0.11%             | 2028-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                                                   | T-Mobile US Trust 2024-2                                                         | CUSIP: 87268CAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1355994.68   | 0.17%             | 2029-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2025-FL7 Issuer Ltd                                                         | CUSIP: 87277LAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    364000 | PA      | $363999.34    | 0.05%             | 2043-06-18      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2025-FL7 Issuer Ltd                                                         | CUSIP: 87277LAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    347000 | PA      | $347008.15    | 0.04%             | 2043-06-18      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                                                             | TRTX 2025-FL7 Issuer Ltd                                                         | CUSIP: 87277LAL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    154000 | PA      | $154380.44    | 0.02%             | 2043-06-18      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                                                   | T-Mobile US Trust 2025-1                                                         | CUSIP: 872974AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $334478.93    | 0.04%             | 2029-11-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC                                                              | Taco Bell Funding LLC                                                            | CUSIP: 87342RAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    191588 | PA      | $187092.24    | 0.02%             | 2051-08-25      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN                                                             | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1349650.75   | 0.17%             | 2030-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                                                                          | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   1485000 | PA      | $1480302.50   | 0.18%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tesla Sustainable Energy Trust                                                      | Tesla Sustainable Energy Trust 2024-1                                            | CUSIP: 88164AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    219744 | PA      | $220492.58    | 0.03%             | 2050-06-21      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                                     | TEXAS Commercial Mortgage Trust 2025-TWR                                         | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $230143.66    | 0.03%             | 2042-04-15      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                                                         | Texas Debt Capital CLO 2023-I Ltd                                                | CUSIP: 88238CAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1507504.50   | 0.19%             | 2038-07-20      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                                                              | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    730000 | PA      | $725450.31    | 0.09%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2022-4                                                 | CUSIP: 89180YAA8<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    614495 | PA      | $591573.82    | 0.07%             | 2062-09-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2024-CES2                                              | CUSIP: 89182JAA9<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    482735 | PA      | $487292.20    | 0.06%             | 2064-02-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2024-CES1                                              | CUSIP: 89183CAA3<br>LEI: 25490010CSYSAQU59J50 | Long             | ABS-MBS          | CORP              | US        |    299155 | PA      | $301074.26    | 0.04%             | 2064-01-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                           | Towd Point Mortgage Trust 2026-CES1                                              | CUSIP: 89190LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1429000 | PA      | $1428046.86   | 0.18%             | 2065-12-25      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                                                 | Toyota Auto Receivables 2025-D Owner Trust                                       | CUSIP: 89231GAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    543000 | PA      | $543688.80    | 0.07%             | 2030-06-17      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance Plc                                                | Trafigura Securitisation Finance PLC                                             | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |    615000 | PA      | $622170.29    | 0.08%             | 2027-11-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                       | TransDigm Inc                                                                    | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214606.46    | 0.03%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                                       | TransDigm Inc                                                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    670000 | PA      | $692761.91    | 0.09%             | 2032-03-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                                                    | Trestles CLO IX Ltd                                                              | CUSIP: 894932AL6<br>LEI: 254900TP9ZGKPKCMHR24 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007695.00   | 0.13%             | 2039-01-15      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                                                    | Trestles CLO VI Ltd                                                              | CUSIP: 894940AQ8<br>LEI: 254900837GHK5VH7YU15 | Long             | ABS-CBDO         | CORP              | KY        |   2400000 | PA      | $2406335.52   | 0.30%             | 2038-04-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Trestles CLO LTD                                                                    | TRESTLES CLO III LTD                                                             | CUSIP: 89532TAY2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1515911.55   | 0.19%             | 2037-10-20      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                                                                    | Trinitas CLO XXXVII Ltd                                                          | CUSIP: 89643RAJ5<br>LEI: 254900WMOQBUJPZCJS73 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2010213.20   | 0.25%             | 2039-01-22      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                               | Trivium Packaging Finance BV                                                     | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    738000 | PA      | $787500.61    | 0.10%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                                         | Truist Bank                                                                      | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2018330.63   | 0.25%             | 2027-05-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                                         | Truist Bank                                                                      | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2905000 | PA      | $2921269.10   | 0.36%             | 2028-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                               | Truist Financial Corp                                                            | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1590266.84   | 0.20%             | 2030-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| 1211 Avenue of the Americas Trust                                                   | 1211 Avenue of the Americas Trust 2015-1211                                      | CUSIP: 90117PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $223100.00    | 0.03%             | 2035-08-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                          | US Bancorp                                                                       | CUSIP: 902973BC9<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1627039.26   | 0.20%             | 2027-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| USI Inc                                                                             | USI Inc 2024 Term Loan C                                                         | CUSIP: 90351NAQ8<br>LEI: 2549006D7UF7072T7I27 | Long             | LON              | CORP              | US        |    435589 | PA      | $434282.19    | 0.05%             | 2030-09-29      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust 2018-C13                                           | CUSIP: 90353KAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    426532 | PA      | $427079.98    | 0.05%             | 2051-10-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                               | Uber Technologies Inc                                                            | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2290576.67   | 0.29%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                                                      | US Bank NA                                                                       | CUSIP: 90357PAV6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |     63249 | PA      | $63881.71     | 0.01%             | 2032-08-25      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                                                      | US Bank NA                                                                       | CUSIP: 90357PBE3<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |    194280 | PA      | $194279.20    | 0.02%             | 2032-02-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS                                                            | United Airlines Holdings Inc                                                     | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126241.38    | 0.02%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                              | U.S. Treasury Notes                                                              | CUSIP: 91282CPS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33000000 | PA      | $32904609.54  | 4.10%             | 2027-12-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                              | UnitedHealth Group Inc                                                           | CUSIP: 91324PFE7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200317.47    | 0.02%             | 2026-07-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                                                          | Uniti Fiber Abs Issuer LLC                                                       | CUSIP: 91326EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266000 | PA      | $272206.63    | 0.03%             | 2055-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Uniti Fiber ABS Issuer LLC                                                          | Uniti Fiber Abs Issuer LLC                                                       | CUSIP: 91326EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    735000 | PA      | $753796.60    | 0.09%             | 2055-04-20      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                                                             | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                  | CUSIP: 91327BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $129717.46    | 0.02%             | 2028-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                                            | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $548772.07    | 0.07%             | 2029-03-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VM CONSOLIDATED INC                                                                 | VM Consolidated Inc                                                              | CUSIP: 91835HAA0<br>LEI: 549300GCTGJLEBXJUK89 | Long             | DBT              | CORP              | US        |    585000 | PA      | $575226.99    | 0.07%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                                                            | Vantage Data Centers Issuer LLC                                                  | CUSIP: 92212KAD8<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |    680000 | PA      | $667992.02    | 0.08%             | 2046-10-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                                                            | Vantage Data Centers LLC                                                         | CUSIP: 92212KAH9<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   1048000 | PA      | $1039659.07   | 0.13%             | 2055-08-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                                                            | Vantage Data Centers Issuer LLC                                                  | CUSIP: 92212KAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    896000 | PA      | $889217.82    | 0.11%             | 2055-11-15      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| VELOCITY COM CAP LLC                                                                | Velocity Commercial Capital LLC                                                  | CUSIP: 92259RAE5<br>LEI: 549300TA4MQM8WN2XG31 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182700.00    | 0.02%             | 2031-02-15      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                               | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308790.60    | 0.04%             | 2030-12-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                              | Venture Global LNG Inc                                                           | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    590000 | PA      | $603981.32    | 0.08%             | 2028-06-01      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| VERITIV OPERATING CO                                                                | Veritiv Operating Co                                                             | CUSIP: 92339LAA0<br>LEI: 5493004G8OK5L1UTIY12 | Long             | DBT              | CORP              | US        |    215000 | PA      | $230210.61    | 0.03%             | 2030-11-30      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                                | Verizon Master Trust                                                             | CUSIP: 92348KEN9<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    965000 | PA      | $967470.11    | 0.12%             | 2031-08-20      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                                | Verizon Master Trust                                                             | CUSIP: 92348VAA7<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1398436.92   | 0.17%             | 2031-09-22      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2024-7                                                | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |    158028 | PA      | $158722.69    | 0.02%             | 2069-09-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2024-7                                                | CUSIP: 924925AE0<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |    466917 | PA      | $468431.83    | 0.06%             | 2069-09-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-3                                                | CUSIP: 924928AB0<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |    594840 | PA      | $601397.59    | 0.07%             | 2070-05-25      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-3                                                | CUSIP: 924928AC8<br>LEI: 213800DYYV3EM7TSTN14 | Long             | ABS-MBS          | CORP              | US        |    569347 | PA      | $575760.22    | 0.07%             | 2070-05-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2026-R1                                               | CUSIP: 924932AG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    899000 | PA      | $899892.26    | 0.11%             | 2067-10-25      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2026-R1                                               | CUSIP: 924932AH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $230263.14    | 0.03%             | 2067-10-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-11                                               | CUSIP: 924935AC3<br>LEI: 213800H1O4C5SRNN4B66 | Long             | ABS-MBS          | CORP              | US        |    722334 | PA      | $724773.27    | 0.09%             | 2070-11-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-11                                               | CUSIP: 924935AJ8<br>LEI: 213800H1O4C5SRNN4B66 | Long             | ABS-MBS          | CORP              | US        |    722334 | PA      | $724676.19    | 0.09%             | 2070-11-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2021-6                                                | CUSIP: 92538MAC3<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |    274672 | PA      | $244813.91    | 0.03%             | 2066-10-25      | Variable      | 1.89%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2021-3                                                | CUSIP: 92539LAC4<br>LEI: 213800278TKDEXPH6140 | Long             | ABS-MBS          | CORP              | US        |    249650 | PA      | $221313.08    | 0.03%             | 2066-06-25      | Variable      | 1.44%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2024-4                                                | CUSIP: 92540GAD0<br>LEI: 213800WNY873LW1L3M73 | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $192726.50    | 0.02%             | 2069-06-25      | Variable      | 6.70%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-6                                                | CUSIP: 92540YAC3<br>LEI: 213800KZO2G8SSFFDH61 | Long             | ABS-MBS          | CORP              | US        |    457229 | PA      | $461487.83    | 0.06%             | 2070-07-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2025-R2                                               | CUSIP: 92541EAC6<br>LEI: 2138003KWTZZS4PBW772 | Long             | ABS-MBS          | CORP              | US        |   1328653 | PA      | $1338758.93   | 0.17%             | 2067-07-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2026-1                                                | CUSIP: 92541JAF8<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-MBS          | CORP              | US        |    231000 | PA      | $231979.62    | 0.03%             | 2071-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2026-1                                                | CUSIP: 92541JAM3<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-MBS          | CORP              | US        |    596000 | PA      | $597502.46    | 0.07%             | 2071-01-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust 2026-1                                                | CUSIP: 92541JAN1<br>LEI: 2138009KJR7Q44BI8668 | Long             | ABS-MBS          | CORP              | US        |    361000 | PA      | $361876.58    | 0.05%             | 2071-01-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                                                                  | Viking Cruises Ltd                                                               | CUSIP: 92676XAF4<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |    160000 | PA      | $160645.12    | 0.02%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VIKING OCEAN CRUISES SHI                                                            | Viking Ocean Cruises Ship VII Ltd                                                | CUSIP: 92682RAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    250000 | PA      | $250010.50    | 0.03%             | 2029-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                                         | Vistra Corp                                                                      | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    430000 | PA      | $436503.32    | 0.05%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    360000 | PA      | $380923.56    | 0.05%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                            | Vistra Operations Co LLC                                                         | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    590000 | PA      | $654226.81    | 0.08%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Volofin Finance Designated Activity Company                                         | Volofin Finance Designated Activity Co                                           | CUSIP: 92873RAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144669 | PA      | $147297.74    | 0.02%             | 2037-06-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                                                        | Voya CLO 2025-5 Ltd                                                              | CUSIP: 92892FAA2<br>LEI: 254900MS3D9HONB0N824 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3000888.00   | 0.37%             | 2039-01-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRUST                                                    | WFRBS Commercial Mortgage Trust 2014-C21                                         | CUSIP: 92939FAX7<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-MBS          | CORP              | US        |    317642 | PA      | $310813.11    | 0.04%             | 2047-08-15      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                                | WR Grace Holdings LLC                                                            | CUSIP: 92943GAD3<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    231000 | PA      | $231000.00    | 0.03%             | 2027-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                                                | WR Grace Holdings LLC                                                            | CUSIP: 92943GAF8<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    390000 | PA      | $387845.71    | 0.05%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| WBI OPERATING LLC                                                                   | WBI Operating LLC                                                                | CUSIP: 92944BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $272025.00    | 0.03%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                                                     | WHARF Commercial Mortgage Trust 2025-DC                                          | CUSIP: 92987LAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    515000 | PA      | $531477.99    | 0.07%             | 2040-07-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                                                                         | Wayfair LLC                                                                      | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1066499.76   | 0.13%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO                                                           | Wellington Management CLO 1 Ltd                                                  | CUSIP: 94957JAJ3<br>LEI: 213800W7PWM3WCMD7X28 | Long             | ABS-CBDO         | CORP              | JE        |   1200000 | PA      | $1204386.00   | 0.15%             | 2038-10-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1618204.88   | 0.20%             | 2026-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2016-NXS6                                  | CUSIP: 95000KBG9<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |    365000 | PA      | $358380.51    | 0.04%             | 2049-11-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2885000 | PA      | $2869402.85   | 0.36%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U3U5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5083000.00   | 0.63%             | 2029-04-23      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                               | Wells Fargo & Co                                                                 | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1693873.41   | 0.21%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2019-C52                                   | CUSIP: 95002MAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3360291 | PA      | $144104.08    | 0.02%             | 2052-08-15      | Variable      | 1.56%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2024-1CHI                                  | CUSIP: 95003PAE1<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $126428.85    | 0.02%             | 2035-07-15      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2024-1CHI                                  | CUSIP: 95003PAG6<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $101350.32    | 0.01%             | 2035-07-15      | Variable      | 6.93%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust 2025-5C3                                   | CUSIP: 95004JAH7<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |    143000 | PA      | $145182.54    | 0.02%             | 2058-01-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                                               | Westlake Automobile Receivables Trust 2025-2                                     | CUSIP: 96041KAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    313000 | PA      | $316652.68    | 0.04%             | 2031-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                                               | Westlake Automobile Receivables Trust 2025-2                                     | CUSIP: 96041KAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    468000 | PA      | $472854.75    | 0.06%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                                               | Westlake Automobile Receivables Trust 2024-1                                     | CUSIP: 96043RAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11885 | PA      | $11891.73     | 0.00%             | 2027-05-17      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                                               | Westlake Automobile Receivables Trust 2025-1                                     | CUSIP: 96043VAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224000 | PA      | $228380.92    | 0.03%             | 2030-11-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                                                               | Williams Scotsman Inc                                                            | CUSIP: 96949VAM5<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |    360000 | PA      | $372189.60    | 0.05%             | 2029-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization Trust                                                  | Willis Engine Structured Trust VIII                                              | CUSIP: 97063RAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    244826 | PA      | $248028.66    | 0.03%             | 2050-06-15      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                                                            | Windsor Holdings III LLC                                                         | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1743936.39   | 0.22%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WINDSTREAM SERVICES/ESCR                                                            | Windstream Services LLC / Windstream Escrow Finance Corp                         | CUSIP: 97381AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    645000 | PA      | $675653.63    | 0.08%             | 2031-10-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Wireless PropCo Funding LLC                                                         | Wireless PropCo Funding LLC                                                      | CUSIP: 97655EAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $144550.94    | 0.02%             | 2055-06-25      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Wireless PropCo Funding LLC                                                         | Wireless PropCo Funding LLC                                                      | CUSIP: 97655EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    388000 | PA      | $371145.67    | 0.05%             | 2055-06-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                                   | World Omni Auto Receivables Trust 2025-D                                         | CUSIP: 98165HAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $726798.73    | 0.09%             | 2031-03-17      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                                              | XHR LP                                                                           | CUSIP: 98372MAC9<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    790000 | PA      | $778775.60    | 0.10%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| XHR LP                                                                              | XHR LP                                                                           | CUSIP: 98372MAE5<br>LEI: 549300M88BPT83ZL2164 | Long             | DBT              |  | US        |    540000 | PA      | $557685.54    | 0.07%             | 2030-05-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| XPO INC                                                                             | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |    695000 | PA      | $721606.69    | 0.09%             | 2031-06-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING                                                              | XPLR Infrastructure Operating Partners LP                                        | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    190000 | PA      | $199579.68    | 0.02%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                                       | ZF North America Capital Inc                                                     | CUSIP: 98877DAD7<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    440000 | PA      | $454297.80    | 0.06%             | 2028-04-14      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                                       | ZF North America Capital Inc                                                     | CUSIP: 98877DAH8<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194747.91    | 0.02%             | 2031-03-24      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ZAYO GROUP HOLDINGS INC                                                             | Zayo Group Holdings Inc                                                          | CUSIP: 98919VAC9<br>LEI: 529900Z6OTS7RT0V0I47 | Long             | DBT              | CORP              | US        |    241252 | PA      | $235571.72    | 0.03%             | 2030-03-09      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | US LONG BOND(CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -52 | NC      | $65875.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | US 10YR NOTE (CBT)MAR26                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -71 | NC      | $94296.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | US ULTRA BOND CBT MAR26                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |       -18 | NC      | $56812.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | US 5YR NOTE (CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -758 | NC      | $483554.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | US 2YR NOTE (CBT) MAR26                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      2393 | NC      | $-648446.06   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | US 10YR ULTRA FUT MAR26                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | US        |      -107 | NC      | $185578.13    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| POTTERS INDUSTRIES LLC                                                              | Potters Industries LLC 2025 Repriced Term Loan B                                 | CUSIP: 000000000<br>LEI: 391200O5OFXXMCYPAR13 | Long             | LON              | CORP              | US        |    500000 | PA      | $499220.00    | 0.06%             | 2032-12-23      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| KASEYA INC                                                                          | KASEYA INC 2025 FUNGIBLE TERM LOAN B                                             | CUSIP: 000000000<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |    500000 | PA      | $480625.00    | 0.06%             | 2032-03-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HOLOGIC INC                                                                         | HOLOGIC INC 2026 TERM LOAN B                                                     | CUSIP: 000000000<br>LEI: 9845009E9B4548A5N478 | Long             | LON              | CORP              | US        |   1000000 | PA      | $992380.00    | 0.12%             | 2033-01-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENSEMBLE RCM LLC                                                                    | ENSEMBLE RCM LLC 2026 TERM LOAN B                                                | CUSIP: 000000000<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |   1000000 | PA      | $988750.00    | 0.12%             | 2033-01-28      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                                | NEPTUNE BIDCO US INC 2026 REFINANCE TERM LOAN B                                  | CUSIP: 000000000<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   1000000 | PA      | $983330.00    | 0.12%             | 2033-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL INC                                                         | BIOMARIN PHARMACEUTICAL INC TERM LOAN B                                          | CUSIP: 000000000<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | LON              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.12%             | 2033-01-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                                                           | BAUSCH + LOMB CORPORATION 2025 REPRICED TERM LOAN                                | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    850000 | PA      | $855312.50    | 0.11%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-23

**Name of Applicant:** Neuberger Berman ETF Trust

**Signature:** John McGovern

**Name of Signer:** John McGovern

**Title:** Treasuer