# EDGAR Filing Document

**Accession Number:** 0000908406
**File Stem:** 0001193125-25-190118
**Filing Date:** 2025-8
**Character Count:** 193518
**Document Hash:** 16e1962b187d5a99f7742aca338740ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-190118.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001193125-25-190118

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250827

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AMERICAN CENTURY INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000908406

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07822
- **FILM NUMBER:** 251267056

**BUSINESS ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111
- **BUSINESS PHONE:** 816-531-5575

**MAIL ADDRESS:**
- **STREET 1:** 4500 MAIN STREET
- **CITY:** KANSAS CITY
- **STATE:** MO
- **ZIP:** 64111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BENHAM INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19930629

## Series and Classes Contracts Data

### SHORT DURATION FUND (Series ID: S000014385)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000039175 | C CLASS        | ACSKX           |
| C000039176 | R CLASS        | ACSPX           |
| C000039177 | INVESTOR CLASS | ACSNX           |
| C000039178 | R5 CLASS       | ACSUX           |
| C000039179 | A CLASS        | ACSQX           |
| C000189692 | I CLASS        | ASHHX           |
| C000194393 | R6 CLASS       | ASDDX           |
| C000224786 | G CLASS        | ASDOX           |

## Nport-Ex

**American Century Investments**<sup>®</sup>

**Quarterly Portfolio Holdings**

**Short Duration Fund**

**June 30, 2025**

------

---

| |
|:---|
| **<u>Short Duration - Schedule of Investments</u>** |
| **JUNE 30, 2025 (UNAUDITED)** |

---

---

| | | |
|:---|:---|:---|
| | **Principal**<br>**Amount ($)/Shares** | **Value ($)** |
| **CORPORATE BONDS — 40.0%** |  |  |
| **Aerospace and Defense — 1.0%** |  |  |
| Boeing Co., 2.20%, 2/4/26 | 3460000 | 3406486 |
| Boeing Co., 6.30%, 5/1/29 | 1695000 | 1792422 |
| RTX Corp., 5.75%, 11/8/26 | 3850000 | 3922396 |
| TransDigm, Inc., 4.875%, 5/1/29 | 1185000 | 1165164 |
| TransDigm, Inc., 4.625%, 1/15/29 | 1190000 | 1168476 |
|  |  | 11454944 |
| **Automobiles — 1.9%** |  |  |
| Ford Motor Credit Co. LLC, 5.125%, 11/5/26 | 3150000 | 3143396 |
| Ford Motor Credit Co. LLC, 5.80%, 3/5/27 | 3670000 | 3700314 |
| General Motors Financial Co., Inc., 5.40%, 4/6/26 | 3000000 | 3014173 |
| Hyundai Capital America, 5.95%, 9/21/26<sup>(1)</sup> | 2600000 | 2641367 |
| Hyundai Capital America, 4.875%, 11/1/27<sup>(1)</sup> | 3755000 | 3773114 |
| Volkswagen Group of America Finance LLC, 4.90%, 8/14/26<sup>(1)</sup> | 2385000 | 2390211 |
| Volkswagen Group of America Finance LLC, 6.00%, 11/16/26<sup>(1)</sup> | 3040000 | 3089628 |
|  |  | 21752203 |
| **Banks — 9.1%** |  |  |
| Banco de Credito del Peru SA, VRN, 3.125%, 7/1/30<sup>(1)</sup> | 2960000 | 2960000 |
| Banco Santander SA, VRN, 6.53%, 11/7/27 | 4800000 | 4928019 |
| Banco Santander SA, VRN, 5.37%, 7/15/28 | 2400000 | 2445388 |
| Bank of America Corp., VRN, 5.93%, 9/15/27 | 9875000 | 10049692 |
| Bank of America Corp., VRN, 4.98%, 1/24/29 | 3500000 | 3550801 |
| Bank of Nova Scotia, VRN, 3.625%, 10/27/81 | 1890000 | 1773063 |
| Bank of Nova Scotia, VRN, 8.625%, 10/27/82 | 2574000 | 2738013 |
| Citibank NA, 4.58%, 5/29/27 | 3300000 | 3319335 |
| Citibank NA, VRN, 4.88%, 11/19/27 | 5465000 | 5499724 |
| Citigroup, Inc., VRN, 4.64%, 5/7/28 | 2915000 | 2923113 |
| Comerica, Inc., VRN, 5.98%, 1/30/30 | 2830000 | 2899417 |
| Danske Bank AS, VRN, 6.26%, 9/22/26<sup>(1)</sup> | 3383000 | 3393570 |
| First Horizon Bank, 5.75%, 5/1/30 | 753000 | 770483 |
| Freedom Mortgage Corp., 6.625%, 1/15/27<sup>(1)</sup> | 2790000 | 2796930 |
| Freedom Mortgage Holdings LLC, 9.25%, 2/1/29<sup>(1)</sup> | 2155000 | 2239961 |
| Goldman Sachs Bank USA, VRN, 5.41%, 5/21/27 | 2950000 | 2974853 |
| HSBC Holdings PLC, VRN, 7.39%, 11/3/28 | 2170000 | 2304976 |
| HSBC USA, Inc., 4.65%, 6/3/28 | 2378000 | 2397101 |
| Intesa Sanpaolo SpA, VRN, 4.20%, 6/1/32<sup>(1)</sup> | 4420000 | 4068169 |
| JPMorgan Chase & Co., VRN, 4.51%, 10/22/28 | 1104000 | 1107515 |
| Morgan Stanley Bank NA, VRN, 5.02%, 1/12/29 | 4525000 | 4596348 |
| National Bank of Canada, VRN, 5.60%, 7/2/27 | 3150000 | 3185277 |
| PNC Bank NA, 4.05%, 7/26/28 | 2910000 | 2887715 |
| PNC Financial Services Group, Inc., VRN, 5.10%, 7/23/27 | 2470000 | 2489193 |
| Royal Bank of Canada, VRN, 4.97%, 1/24/29 | 3720000 | 3774917 |
| Societe Generale SA, VRN, 5.51%, 5/22/31<sup>(1)</sup> | 561000 | 572311 |
| Societe Generale SA, VRN, 3.65%, 7/8/35<sup>(1)</sup> | 1851000 | 1700255 |
| Standard Chartered PLC, VRN, 5.55%, 1/21/29<sup>(1)</sup> | 2500000 | 2554385 |
| Synchrony Bank, 5.625%, 8/23/27 | 961000 | 980292 |
| Toronto-Dominion Bank, VRN, 8.125%, 10/31/82 | 4385000 | 4590687 |
| Truist Bank, VRN, 4.67%, 5/20/27 | 2280000 | 2283738 |
| Truist Bank, VRN, 4.63%, 9/17/29 | 1770000 | 1750282 |

---

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---

| | | |
|:---|:---|:---|
| U.S. Bank NA, VRN, 4.51%, 10/22/27 | 3300000 | 3304301 |
| Wells Fargo & Co., VRN, 4.90%, 1/24/28 | 3145000 | 3168797 |
| Wells Fargo & Co., VRN, 4.97%, 4/23/29 | 2260000 | 2291922 |
|  |  | 105270543 |
| **Biotechnology — 0.3%** |  |  |
| AbbVie, Inc., 4.80%, 3/15/27 | 3840000 | 3878626 |
| **Building Products — 0.4%** |  |  |
| Standard Industries, Inc., 5.00%, 2/15/27<sup>(1)</sup> | 4500000 | 4492974 |
| **Capital Markets — 4.2%** |  |  |
| Ares Capital Corp., 3.25%, 7/15/25 | 2842000 | 2840292 |
| Ares Strategic Income Fund, 5.70%, 3/15/28 | 3175000 | 3201702 |
| Bain Capital Specialty Finance, Inc., 5.95%, 3/15/30 | 1525000 | 1508304 |
| Blackstone Private Credit Fund, 7.05%, 9/29/25 | 2815000 | 2830667 |
| Blue Owl Capital Corp., 3.75%, 7/22/25 | 2842000 | 2839826 |
| Blue Owl Capital Corp., 3.40%, 7/15/26 | 3000000 | 2952548 |
| Blue Owl Capital Corp., 2.875%, 6/11/28 | 585000 | 545143 |
| Blue Owl Capital Corp., 5.95%, 3/15/29 | 590000 | 593230 |
| Blue Owl Credit Income Corp., 6.60%, 9/15/29 | 1515000 | 1559244 |
| Blue Owl Technology Finance Corp., 6.10%, 3/15/28<sup>(1)</sup> | 1890000 | 1900757 |
| Citadel Finance LLC, 5.90%, 2/10/30<sup>(1)</sup> | 1000000 | 1009915 |
| Citadel Securities Global Holdings LLC, 5.50%, 6/18/30<sup>(1)</sup> | 1830000 | 1852335 |
| Coinbase Global, Inc., 3.375%, 10/1/28<sup>(1)</sup> | 2505000 | 2350379 |
| Goldman Sachs Group, Inc., VRN, 4.94%, 4/23/28 | 1583000 | 1595952 |
| Goldman Sachs Group, Inc., VRN, 5.73%, 4/25/30 | 1870000 | 1946983 |
| HPS Corporate Lending Fund, 5.45%, 1/14/28 | 3540000 | 3550985 |
| Morgan Stanley, VRN, 4.99%, 4/12/29 | 1487000 | 1508832 |
| Morgan Stanley, VRN, 6.41%, 11/1/29 | 2380000 | 2521356 |
| Northern Trust Corp., VRN, 3.375%, 5/8/32 | 2950000 | 2865150 |
| Nuveen Churchill Direct Lending Corp., 6.65%, 3/15/30 | 1555000 | 1597762 |
| State Street Corp., VRN, 3.03%, 11/1/34 | 3750000 | 3465427 |
| UBS Group AG, VRN, 6.33%, 12/22/27<sup>(1)</sup> | 3225000 | 3312125 |
|  |  | 48348914 |
| **Chemicals — 0.1%** |  |  |
| Celanese U.S. Holdings LLC, 6.42%, 7/15/27 | 773000 | 801020 |
| **Commercial Services and Supplies — 0.3%** |  |  |
| Veralto Corp., 5.50%, 9/18/26 | 3080000 | 3117521 |
| **Communications Equipment — 0.2%** |  |  |
| Motorola Solutions, Inc., 4.85%, 8/15/30 | 1730000 | 1749136 |
| **Consumer Finance — 0.3%** |  |  |
| Avolon Holdings Funding Ltd., 6.375%, 5/4/28<sup>(1)</sup> | 908000 | 947255 |
| Encore Capital Group, Inc., 9.25%, 4/1/29<sup>(1)</sup> | 2146000 | 2284810 |
|  |  | 3232065 |
| **Consumer Staples Distribution & Retail — 0.0%** |  |  |
| Walgreens Boots Alliance, Inc., 3.45%, 6/1/26 | 560000 | 548270 |
| **Diversified REITs — 1.8%** |  |  |
| GLP Capital LP/GLP Financing II, Inc., 5.375%, 4/15/26 | 5000000 | 5004215 |
| Highwoods Realty LP, 4.20%, 4/15/29 | 1674000 | 1628672 |
| Kilroy Realty LP, 4.25%, 8/15/29 | 4670000 | 4516006 |
| Lineage OP LP, 5.25%, 7/15/30<sup>(1)</sup> | 2985000 | 3004267 |
| Piedmont Operating Partnership LP, 9.25%, 7/20/28 | 1670000 | 1860810 |
| Piedmont Operating Partnership LP, 6.875%, 7/15/29 | 336000 | 354071 |
| Piedmont Operating Partnership LP, 3.15%, 8/15/30 | 263000 | 236081 |

---

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| | | |
|:---|:---|:---|
| Vornado Realty LP, 2.15%, 6/1/26 | 4622000 | 4490632 |
|  |  | 21094754 |
| **Diversified Telecommunication Services — 0.5%** |  |  |
| AT&T, Inc., 7.30%, 8/15/26 | 2015000 | 2060844 |
| Frontier Communications Holdings LLC, 6.00%, 1/15/30<sup>(1)</sup> | 3000000 | 3041259 |
| Sprint Capital Corp., 6.875%, 11/15/28 | 986000 | 1058753 |
|  |  | 6160856 |
| **Electric Utilities — 1.2%** |  |  |
| Emera, Inc., Series 16-A, VRN, 6.75%, 6/15/76 | 2485000 | 2506802 |
| Evergy Kansas Central, Inc., 4.70%, 3/13/28 | 1284000 | 1299237 |
| Monongahela Power Co., 3.55%, 5/15/27<sup>(1)</sup> | 5272000 | 5196463 |
| Pinnacle West Capital Corp., 5.15%, 5/15/30 | 2042000 | 2091175 |
| Southern Co., Series B, VRN, 4.00%, 1/15/51 | 3320000 | 3306160 |
|  |  | 14399837 |
| **Electrical Equipment — 0.4%** |  |  |
| Regal Rexnord Corp., 6.05%, 2/15/26 | 4380000 | 4405964 |
| **Entertainment — 0.1%** |  |  |
| Warnermedia Holdings, Inc., 3.76%, 3/15/27 | 918000 | 856687 |
| **Financial Services — 1.3%** |  |  |
| Antares Holdings LP, 2.75%, 1/15/27<sup>(1)</sup> | 1091000 | 1047536 |
| Atlas Warehouse Lending Co. LP, 6.05%, 1/15/28<sup>(1)</sup> | 4665000 | 4724998 |
| Deutsche Bank AG, VRN, 4.875%, 12/1/32 | 1615000 | 1597966 |
| Essent Group Ltd., 6.25%, 7/1/29 | 2450000 | 2538824 |
| Nationwide Building Society, VRN, 4.125%, 10/18/32<sup>(1)</sup> | 2738000 | 2677429 |
| NMI Holdings, Inc., 6.00%, 8/15/29 | 2305000 | 2368042 |
|  |  | 14954795 |
| **Food Products — 0.4%** |  |  |
| Mars, Inc., 4.60%, 3/1/28<sup>(1)</sup> | 5103000 | 5145544 |
| **Gas Utilities — 0.1%** |  |  |
| Snam SpA, 5.00%, 5/28/30<sup>(1)</sup> | 1060000 | 1069362 |
| **Health Care Equipment and Supplies — 0.2%** |  |  |
| Medline Borrower LP/Medline Co-Issuer, Inc., 6.25%, 4/1/29<sup>(1)</sup> | 2329000 | 2395456 |
| **Health Care Providers and Services — 2.5%** |  |  |
| Cardinal Health, Inc., 4.70%, 11/15/26 | 4480000 | 4504828 |
| Centene Corp., 4.25%, 12/15/27 | 3370000 | 3321042 |
| CVS Health Corp., 5.00%, 2/20/26 | 5000000 | 5007249 |
| HCA, Inc., 5.25%, 6/15/26 | 5000000 | 5007475 |
| IQVIA, Inc., 5.00%, 5/15/27<sup>(1)</sup> | 3000000 | 2991818 |
| IQVIA, Inc., 5.70%, 5/15/28 | 1294000 | 1327728 |
| Tenet Healthcare Corp., 6.25%, 2/1/27 | 3000000 | 3001759 |
| Universal Health Services, Inc., 1.65%, 9/1/26 | 3922000 | 3787919 |
|  |  | 28949818 |
| **Hotels, Restaurants and Leisure — 0.7%** |  |  |
| Hyatt Hotels Corp., 5.75%, 1/30/27 | 857000 | 874972 |
| Hyatt Hotels Corp., 5.05%, 3/30/28 | 2850000 | 2881695 |
| Marriott International, Inc., 5.45%, 9/15/26 | 4000000 | 4050895 |
|  |  | 7807562 |
| **Household Durables — 0.2%** |  |  |
| Taylor Morrison Communities, Inc., 5.75%, 1/15/28<sup>(1)</sup> | 2205000 | 2239627 |
| **Industrial Conglomerates — 0.2%** |  |  |
| Honeywell International, Inc., 4.65%, 7/30/27 | 2430000 | 2456228 |
| **Insurance — 1.9%** |  |  |
| Athene Global Funding, 5.68%, 2/23/26<sup>(1)</sup> | 4015000 | 4043289 |
| Athene Global Funding, 5.62%, 5/8/26<sup>(1)</sup> | 3900000 | 3935680 |
| Athene Global Funding, 5.35%, 7/9/27<sup>(1)</sup> | 732000 | 743619 |

---

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| | | |
|:---|:---|:---|
| F&G Annuities & Life, Inc., 6.50%, 6/4/29 | 3610000 | 3724259 |
| GA Global Funding Trust, 2.25%, 1/6/27<sup>(1)</sup> | 4400000 | 4249781 |
| GA Global Funding Trust, 4.40%, 9/23/27<sup>(1)</sup> | 3420000 | 3414520 |
| Global Atlantic Fin Co., 4.40%, 10/15/29<sup>(1)</sup> | 1530000 | 1485814 |
|  |  | 21596962 |
| **IT Services — 0.3%** |  |  |
| Genpact Luxembourg SARL/Genpact USA, Inc., 6.00%, 6/4/29 | 1212000 | 1255126 |
| Kyndryl Holdings, Inc., 2.70%, 10/15/28 | 1874000 | 1770488 |
|  |  | 3025614 |
| **Life Sciences Tools and Services — 1.0%** |  |  |
| Illumina, Inc., 5.80%, 12/12/25 | 4200000 | 4218375 |
| Illumina, Inc., 4.65%, 9/9/26 | 2716000 | 2719941 |
| Thermo Fisher Scientific, Inc., 5.00%, 12/5/26 | 4600000 | 4650919 |
|  |  | 11589235 |
| **Media — 1.0%** |  |  |
| Lamar Media Corp., 3.75%, 2/15/28 | 3065000 | 2973116 |
| Nexstar Media, Inc., 5.625%, 7/15/27<sup>(1)</sup> | 2770000 | 2765307 |
| Sirius XM Radio LLC, 3.125%, 9/1/26<sup>(1)</sup> | 3500000 | 3436631 |
| TEGNA, Inc., 4.75%, 3/15/26<sup>(1)</sup> | 2585000 | 2582752 |
|  |  | 11757806 |
| **Mortgage Real Estate Investment Trusts (REITs) — 0.3%** |  |  |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 5.50%, 8/1/30<sup>(2)</sup> | 1729000 | 1741351 |
| Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 7.00%, 7/15/31<sup>(1)</sup> | 1725000 | 1804945 |
|  |  | 3546296 |
| **Multi-Utilities — 0.6%** |  |  |
| Ameren Corp., 5.70%, 12/1/26 | 2310000 | 2347711 |
| WEC Energy Group, Inc., 4.75%, 1/9/26 | 5000000 | 5001798 |
|  |  | 7349509 |
| **Oil, Gas and Consumable Fuels — 2.2%** |  |  |
| Diamondback Energy, Inc., 5.20%, 4/18/27 | 4580000 | 4644646 |
| Enbridge, Inc., 5.90%, 11/15/26 | 3000000 | 3054201 |
| Enbridge, Inc., VRN, 6.00%, 1/15/77 | 3925000 | 3929437 |
| Energy Transfer LP, 5.625%, 5/1/27<sup>(1)</sup> | 3370000 | 3376700 |
| EOG Resources, Inc., 4.40%, 7/15/28<sup>(2)</sup> | 861000 | 866146 |
| Expand Energy Corp., 6.75%, 4/15/29<sup>(1)</sup> | 462000 | 467819 |
| Petroleos Mexicanos, 4.50%, 1/23/26 | 1444000 | 1425394 |
| Petroleos Mexicanos, 6.49%, 1/23/27 | 820000 | 816374 |
| Petroleos Mexicanos, 6.50%, 3/13/27 | 3085000 | 3065495 |
| Petroleos Mexicanos, 5.35%, 2/12/28 | 1529000 | 1469188 |
| Petroleos Mexicanos, 5.95%, 1/28/31 | 466000 | 421719 |
| Williams Cos., Inc., 5.40%, 3/2/26 | 2000000 | 2011688 |
|  |  | 25548807 |
| **Passenger Airlines — 1.4%** |  |  |
| American Airlines Pass-Through Trust, Class A, 3.70%, 4/1/28 | 108245 | 106371 |
| American Airlines, Inc., 7.25%, 2/15/28<sup>(1)</sup> | 1230000 | 1256967 |
| American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50%, 4/20/26<sup>(1)</sup> | 5181799 | 5173147 |
| Delta Air Lines, Inc., 4.95%, 7/10/28 | 1770000 | 1781261 |
| Delta Air Lines, Inc., 3.75%, 10/28/29 | 3000000 | 2868790 |
| Delta Air Lines, Inc./SkyMiles IP Ltd., 4.50%, 10/20/25<sup>(1)</sup> | 316000 | 315278 |
| Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd., 6.50%, 6/20/27<sup>(1)</sup> | 5051929 | 5061714 |
|  |  | 16563528 |
| **Pharmaceuticals — 0.6%** |  |  |
| Bristol-Myers Squibb Co., 4.90%, 2/22/27 | 2260000 | 2289778 |
| Zoetis, Inc., 5.40%, 11/14/25 | 4167000 | 4176160 |
|  |  | 6465938 |

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| | | |
|:---|:---|:---|
| **Real Estate Management and Development — 0.1%** |  |  |
| First Industrial LP, 5.25%, 1/15/31 | 789000 | 798592 |
| **Semiconductors and Semiconductor Equipment — 1.1%** |  |  |
| Broadcom Corp./Broadcom Cayman Finance Ltd., 3.875%, 1/15/27 | 3415000 | 3392746 |
| Broadcom, Inc., 4.80%, 4/15/28 | 3385000 | 3434746 |
| Intel Corp., 4.875%, 2/10/26 | 3730000 | 3736078 |
| ON Semiconductor Corp., 3.875%, 9/1/28<sup>(1)</sup> | 2527000 | 2446689 |
|  |  | 13010259 |
| **Software — 0.5%** |  |  |
| AppLovin Corp., 5.125%, 12/1/29 | 3818000 | 3868805 |
| Synopsys, Inc., 4.65%, 4/1/28 | 1705000 | 1722701 |
|  |  | 5591506 |
| **Specialized REITs — 0.2%** |  |  |
| EPR Properties, 4.50%, 6/1/27 | 2850000 | 2836759 |
| **Specialty Retail — 0.8%** |  |  |
| Home Depot, Inc., 5.15%, 6/25/26 | 6825000 | 6890488 |
| Lowe's Cos., Inc., 3.10%, 5/3/27 | 2330000 | 2286239 |
|  |  | 9176727 |
| **Technology Hardware, Storage and Peripherals — 0.2%** |  |  |
| Hewlett Packard Enterprise Co., 4.40%, 9/25/27 | 1932000 | 1934426 |
| **Trading Companies and Distributors — 0.4%** |  |  |
| Aircastle Ltd., 5.95%, 2/15/29<sup>(1)</sup> | 1340000 | 1385033 |
| Herc Holdings, Inc., 5.50%, 7/15/27<sup>(1)</sup> | 1039000 | 1039919 |
| Herc Holdings, Inc., 7.00%, 6/15/30<sup>(1)</sup> | 2000000 | 2089965 |
|  |  | 4514917 |
| **TOTAL CORPORATE BONDS**<br>(Cost $457,013,411) |  | **461889587** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS — 20.5%** |  |  |
| **Private Sponsor Collateralized Mortgage Obligations — 11.2%** |  |  |
| Arroyo Mortgage Trust, Series 2021-1R, Class A2, VRN, 1.48%, 10/25/48<sup>(1)</sup> | 797399 | 722802 |
| Arroyo Mortgage Trust, Series 2021-1R, Class A3, VRN, 1.64%, 10/25/48<sup>(1)</sup> | 631274 | 571676 |
| Bunker Hill Loan Depositary Trust, Series 2019-2, Class A2, SEQ, 3.08%, 7/25/49<sup>(1)</sup> | 301783 | 294618 |
| Chase Home Lending Mortgage Trust, Series 2024-10, Class A4, VRN, 6.00%, 10/25/55<sup>(1)</sup> | 3208132 | 3242325 |
| Chase Home Lending Mortgage Trust, Series 2024-3, Class A4, SEQ, VRN, 6.00%, 2/25/55<sup>(1)</sup> | 3402480 | 3441803 |
| Chase Home Lending Mortgage Trust, Series 2024-8, Class A6A, SEQ, VRN, 5.50%, 8/25/55<sup>(1)</sup> | 2292401 | 2289832 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A4, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 3681914 | 3695865 |
| Chase Home Lending Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 1540907 | 1541727 |
| CHL Mortgage Pass-Through Trust, Series 2005-17, Class 1A11, 5.50%, 9/25/35 | 531 | 531 |
| Citigroup Mortgage Loan Trust, Series 2024-CMI1, Class A11, VRN, 5.50%, 6/25/54<sup>(1)</sup> | 5100342 | 5111875 |
| Citigroup Mortgage Loan Trust, Series 2025-3, Class A11, VRN, 5.50%, 6/25/55<sup>(1)</sup> | 2963624 | 2973945 |
| Credit Suisse Mortgage Trust, Series 2020-AFC1, Class A3, VRN, 3.51%, 2/25/50<sup>(1)</sup> | 387767 | 372336 |
| GS Mortgage-Backed Securities Trust, Series 2023-PJ4, Class A15, SEQ, VRN, 6.00%, 1/25/54<sup>(1)</sup> | 4499628 | 4544209 |
| GS Mortgage-Backed Securities Trust, Series 2023-PJ6, Class A15, SEQ, VRN, 6.00%, 4/25/54<sup>(1)</sup> | 4927185 | 4969164 |
| GS Mortgage-Backed Securities Trust, Series 2024-PJ1, Class A15, VRN, 6.00%, 6/25/54<sup>(1)</sup> | 6423815 | 6463753 |
| GS Mortgage-Backed Securities Trust, Series 2025-PJ6, Class A4, VRN, 6.00%, 11/25/55<sup>(1)</sup> | 3254000 | 3271409 |
| JP Morgan Mortgage Trust, Series 2014-5, Class A1, VRN, 2.62%, 10/25/29<sup>(1)</sup> | 37380 | 36616 |
| JP Morgan Mortgage Trust, Series 2019-5, Class A15, VRN, 4.00%, 11/25/49<sup>(1)</sup> | 249417 | 235802 |
| JP Morgan Mortgage Trust, Series 2020-5, Class A15, VRN, 3.00%, 12/25/50<sup>(1)</sup> | 2600204 | 2198021 |
| JP Morgan Mortgage Trust, Series 2023-7, Class A4A, SEQ, VRN, 5.50%, 2/25/54<sup>(1)</sup> | 3965770 | 3977938 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A4, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 3237986 | 3247252 |
| JP Morgan Mortgage Trust, Series 2024-10, Class A6, SEQ, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 2379866 | 2378758 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A4, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 4799833 | 4849401 |
| JP Morgan Mortgage Trust, Series 2024-11, Class A6, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 1966665 | 1980165 |
| JP Morgan Mortgage Trust, Series 2024-5, Class A6, SEQ, VRN, 6.00%, 11/25/54<sup>(1)</sup> | 2249340 | 2256158 |
| JP Morgan Mortgage Trust, Series 2024-9, Class A6, SEQ, VRN, 5.50%, 2/25/55<sup>(1)</sup> | 2610861 | 2608665 |

---

------

---

| | | |
|:---|:---|:---|
| JP Morgan Mortgage Trust, Series 2024-INV1, Class A4, SEQ, VRN, 6.00%, 4/25/55<sup>(1)</sup> | 2899994 | 2934671 |
| JP Morgan Mortgage Trust, Series 2025-5MPR, Class A1D, 5.50%, 11/25/55<sup>(1)</sup> | 3170426 | 3217832 |
| JP Morgan Mortgage Trust, Series 2025-5MPR, Class A3, 6.16%, 11/25/55<sup>(1)</sup> | 4687562 | 4815185 |
| JP Morgan Mortgage Trust, Series 2025-CCM2, Class A4A, SEQ, VRN, 5.50%, 9/25/55<sup>(1)</sup> | 4995932 | 5015368 |
| JP Morgan Mortgage Trust, Series 2025-NQM2, Class A2, 5.77%, 9/25/65<sup>(1)</sup> | 3931155 | 3948125 |
| MFA Trust, Series 2024-NQM1, Class A1, SEQ, 6.58%, 3/25/69<sup>(1)</sup> | 2249576 | 2278358 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-1, Class A3, VRN, 6.00%, 3/25/55<sup>(1)</sup> | 2171133 | 2192132 |
| PRKCM Trust, Series 2024-HOME1, Class A1, 6.43%, 5/25/59<sup>(1)</sup> | 2068322 | 2091170 |
| Provident Funding Mortgage Trust, Series 2024-1, Class A3, VRN, 5.50%, 12/25/54<sup>(1)</sup> | 4800853 | 4818308 |
| Provident Funding Mortgage Trust, Series 2025-1, Class A3, VRN, 5.50%, 2/25/55<sup>(1)</sup> | 5368224 | 5389368 |
| Provident Funding Mortgage Trust, Series 2025-2, Class A4, SEQ, VRN, 5.50%, 6/25/55<sup>(1)</sup> | 4013701 | 4025371 |
| Rate Mortgage Trust, Series 2024-J3, Class A8, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 1241214 | 1241689 |
| Rate Mortgage Trust, Series 2025-J1, Class A4, VRN, 6.00%, 3/25/55<sup>(1)</sup> | 2324571 | 2350702 |
| Rate Mortgage Trust, Series 2025-J1, Class A5, VRN, 5.50%, 3/25/55<sup>(1)</sup> | 1278514 | 1285530 |
| RCKT Mortgage Trust, Series 2024-CES8, Class A1A, 5.49%, 11/25/44<sup>(1)</sup> | 2264156 | 2270294 |
| Saluda Grade Alternative Mortgage Trust, Series 2024-CES1, Class A1, SEQ, VRN, 6.31%, 3/25/54<sup>(1)</sup> | 2942291 | 2980823 |
| Sequoia Mortgage Trust, Series 2024-10, Class A11, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 1444287 | 1443891 |
| Sequoia Mortgage Trust, Series 2024-10, Class A5, SEQ, VRN, 5.50%, 11/25/54<sup>(1)</sup> | 1966333 | 1972124 |
| Sequoia Mortgage Trust, Series 2024-9, Class A5, SEQ, VRN, 5.50%, 10/25/54<sup>(1)</sup> | 2679608 | 2687868 |
| Towd Point Mortgage Trust, Series 2024-1, Class A1, SEQ, VRN, 4.82%, 3/25/64<sup>(1)</sup> | 3885150 | 3949169 |
| Verus Securitization Trust, Series 2019-INV3, Class A3, SEQ, VRN, 4.10%, 11/25/59<sup>(1)</sup> | 1102271 | 1092158 |
|  |  | 129276782 |
| **U.S. Government Agency Collateralized Mortgage Obligations — 9.3%** |  |  |
| FHLMC, Series 2021-DNA7, Class M1, VRN, 5.16%, (30-day average SOFR plus 0.85%), 11/25/41<sup>(1)</sup> | 1833506 | 1829277 |
| FHLMC, Series 2022-DNA6, Class M1A, VRN, 6.46%, (30-day average SOFR plus 2.15%), 9/25/42<sup>(1)</sup> | 1020993 | 1028919 |
| FHLMC, Series 2023-HQA2, Class M1A, VRN, 6.31%, (30-day average SOFR plus 2.00%), 6/25/43<sup>(1)</sup> | 1888665 | 1899505 |
| FHLMC, Series K049, Class A2, SEQ, 3.01%, 7/25/25 | 1069894 | 1066683 |
| FHLMC, Series K059, Class A2, VRN, 3.12%, 9/25/26 | 6678000 | 6586111 |
| FHLMC, Series K064, Class A2, SEQ, 3.22%, 3/25/27 | 10389000 | 10234007 |
| FHLMC, Series K065, Class AM, SEQ, 3.33%, 5/25/27 | 13100000 | 12901893 |
| FHLMC, Series K068, Class A2, SEQ, 3.24%, 8/25/27 | 6863587 | 6747154 |
| FHLMC, Series K071, Class A2, SEQ, 3.29%, 11/25/27 | 7000000 | 6879083 |
| FHLMC, Series K073, Class A2, SEQ, 3.35%, 1/25/28 | 13766000 | 13537958 |
| FHLMC, Series K733, Class A2, SEQ, 3.75%, 8/25/25 | 7629558 | 7605013 |
| FHLMC, Series K734, Class A2, SEQ, 3.21%, 2/25/26 | 10202668 | 10130065 |
| FHLMC, Series K736, Class A2, SEQ, 2.28%, 7/25/26 | 12714230 | 12469503 |
| FHLMC, Series X3FX, Class A2FX, SEQ, 3.00%, 6/25/27 | 4948049 | 4851511 |
| FNMA, Series 2006-60, Class KF, VRN, 4.72%, (30-day average SOFR plus 0.41%), 7/25/36 | 220017 | 218270 |
| FNMA, Series 2009-33, Class FB, VRN, 5.24%, (30-day average SOFR plus 0.93%), 3/25/37 | 225435 | 226624 |
| FNMA, Series 2016-55, Class PI, IO, 4.00%, 8/25/46 | 7749375 | 1361182 |
| FNMA, Series 2017-7, Class AI, IO, 6.00%, 2/25/47 | 4629590 | 721675 |
| FNMA, Series 2022-R09, Class 2M1, VRN, 6.81%, (30-day average SOFR plus 2.50%), 9/25/42<sup>(1)</sup> | 1078629 | 1095874 |
| FNMA, Series 2023-R04, Class 1M1, VRN, 6.61%, (30-day average SOFR plus 2.30%), 5/25/43<sup>(1)</sup> | 2032478 | 2076009 |
| FNMA, Series 2024-R02, Class 1M1, VRN, 5.41%, (30-day average SOFR plus 1.10%), 2/25/44<sup>(1)</sup> | 1739021 | 1739136 |
| FNMA, Series 2024-R03, Class 2M1, VRN, 5.46%, (30-day average SOFR plus 1.15%), 3/25/44<sup>(1)</sup> | 1495705 | 1496260 |
| FNMA, Series 413, Class C27, IO, 4.00%, 7/25/42 | 2509318 | 352522 |
|  |  | 107054234 |
| **TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS**<br>(Cost $234,764,895) |  | **236331016** |
| **U.S. TREASURY SECURITIES — 17.7%** |  |  |
| U.S. Treasury Inflation-Indexed Notes, 2.125%, 4/15/29<sup>(3)</sup> | 2592850 | 2663226 |
| U.S. Treasury Notes, 0.875%, 9/30/26<sup>(3)</sup> | 1000000 | 963438 |
| U.S. Treasury Notes, 4.00%, 6/30/28<sup>(3)</sup> | 1000000 | 1008711 |
| U.S. Treasury Notes, 4.625%, 9/30/28 | 7000000 | 7195508 |
| U.S. Treasury Notes, 1.375%, 12/31/28 | 7000000 | 6468164 |

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------

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| | | |
|:---|:---|:---|
| U.S. Treasury Notes, 3.75%, 12/31/28 | 70000000 | 70079297 |
| U.S. Treasury Notes, 2.375%, 3/31/29 | 7000000 | 6671328 |
| U.S. Treasury Notes, 4.125%, 3/31/29 | 79000000 | 80086250 |
| U.S. Treasury Notes, 4.25%, 6/30/29 | 10000000 | 10188477 |
| U.S. Treasury Notes, 3.875%, 12/31/29 | 19000000 | 19084609 |
| **TOTAL U.S. TREASURY SECURITIES**<br>(Cost $203,093,976) |  | **204409008** |
| **CONVERTIBLE PREFERRED SECURITIES — 7.6%** |  |  |
| **Banks — 6.4%** |  |  |
| Australia & New Zealand Banking Group Ltd., 6.75%<sup>(1)</sup> | 3860000 | 3910963 |
| Banco Bilbao Vizcaya Argentaria SA, 6.125% | 3000000 | 2945948 |
| Banco Santander SA, 4.75% | 5000000 | 4859642 |
| Barclays PLC, 6.125% | 4990000 | 4998139 |
| BNP Paribas SA, 4.625%<sup>(1)</sup> | 5169000 | 5033489 |
| Credit Agricole SA, 8.125%<sup>(1)</sup> | 3825000 | 3876044 |
| Danske Bank AS, 4.375% | 5223000 | 5146679 |
| HSBC Holdings PLC, 6.00% | 5150000 | 5157666 |
| ING Groep NV, 5.75% | 4980000 | 4956782 |
| Intesa Sanpaolo SpA, 7.70%<sup>(1)</sup> | 6330000 | 6357504 |
| Lloyds Banking Group PLC, 7.50% | 5000000 | 5025925 |
| Macquarie Bank Ltd., 6.125%<sup>(1)</sup> | 3322000 | 3340274 |
| NatWest Group PLC, 6.00% | 2700000 | 2702315 |
| Nordea Bank Abp, 6.625%<sup>(1)</sup> | 5700000 | 5747025 |
| Skandinaviska Enskilda Banken AB, 6.875% | 3200000 | 3265324 |
| Societe Generale SA, 4.75%<sup>(1)</sup> | 4070000 | 4019713 |
| Societe Generale SA, 9.375%<sup>(1)</sup> | 2480000 | 2638023 |
|  |  | 73981455 |
| **Capital Markets — 0.9%** |  |  |
| Deutsche Bank AG, 6.00% | 5200000 | 5189313 |
| UBS Group AG, 9.25%<sup>(1)</sup> | 5285000 | 5781653 |
|  |  | 10970966 |
| **Insurance — 0.3%** |  |  |
| Allianz SE, 3.50%<sup>(1)</sup> | 3000000 | 2956971 |
| **TOTAL CONVERTIBLE PREFERRED SECURITIES**<br>(Cost $87,039,940) |  | **87909392** |
| **COMMERCIAL MORTGAGE-BACKED SECURITIES — 3.8%** |  |  |
| BBCMS Mortgage Trust, Series 2019-BWAY, Class D, VRN, 6.59%, (1-month SOFR plus 2.27%), 11/15/34<sup>(1)(4)(5)</sup> | 4370000 | 38237 |
| Extended Stay America Trust, Series 2021-ESH, Class A, VRN, 5.51%, (1-month SOFR plus 1.19%), 7/15/38<sup>(1)</sup> | 3147861 | 3150634 |
| FREMF Mortgage Trust, Series 2016-K54, Class B, VRN, 4.22%, 4/25/48<sup>(1)</sup> | 15773000 | 15637374 |
| FREMF Mortgage Trust, Series 2016-K55, Class B, VRN, 4.31%, 4/25/49<sup>(1)</sup> | 11009000 | 10926342 |
| FREMF Mortgage Trust, Series 2017-K69, Class B, VRN, 3.85%, 10/25/49<sup>(1)</sup> | 4920000 | 4819474 |
| JP Morgan Chase Commercial Mortgage Securities Trust, Series 2018-AON, Class A, SEQ, 4.13%, 7/5/31<sup>(1)</sup> | 3575000 | 3287083 |
| One Market Plaza Trust, Series 2017-1MKT, Class B, 3.85%, 2/10/32<sup>(1)</sup> | 3533000 | 3293339 |
| Wells Fargo Commercial Mortgage Trust, Series 2015-NXS4, Class A3, SEQ, 3.45%, 12/15/48 | 2325405 | 2319306 |
| **TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES**<br>(Cost $47,833,114) |  | **43471789** |
| **ASSET-BACKED SECURITIES — 3.5%** |  |  |
| Aligned Data Centers Issuer LLC, Series 2021-1A, Class B, 2.48%, 8/15/46<sup>(1)</sup> | 3545000 | 3404821 |
| BRAVO Residential Funding Trust, Series 2024-CES1, Class A1A, 6.38%, 4/25/54<sup>(1)</sup> | 113136 | 114310 |
| Chesapeake Funding II LLC, Series 2024-1A, Class A1, SEQ, 5.52%, 5/15/36<sup>(1)</sup> | 3302395 | 3336849 |
| Flexential Issuer, Series 2021-1A, Class A2, SEQ, 3.25%, 11/27/51<sup>(1)</sup> | 4000000 | 3873270 |
| Goodgreen Trust, Series 2018-1A, Class A, VRN, 3.93%, 10/15/53<sup>(1)</sup> | 271084 | 251301 |
| MVW LLC, Series 2019-2A, Class B, 2.44%, 10/20/38<sup>(1)</sup> | 352582 | 346968 |
| New Economy Assets - Phase 1 Sponsor LLC, Series 2021-1, Class B1, 2.41%, 10/20/61<sup>(1)</sup> | 5000000 | 4591680 |
| RCKT Mortgage Trust, Series 2024-CES1, Class A1A, VRN, 6.03%, 2/25/44<sup>(1)</sup> | 3458257 | 3480639 |

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------

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| | | |
|:---|:---|:---|
| RCKT Mortgage Trust, Series 2024-CES2, Class A1A, VRN, 6.14%, 4/25/44<sup>(1)</sup> | 1450756 | 1462082 |
| RCKT Mortgage Trust, Series 2024-CES3, Class A1A, VRN, 6.59%, 5/25/44<sup>(1)</sup> | 1331073 | 1349376 |
| RCKT Mortgage Trust, Series 2024-CES4, Class A1A, 6.15%, 6/25/44<sup>(1)</sup> | 2118114 | 2138233 |
| SCF Equipment Leasing LLC, Series 2024-1A, Class A3, SEQ, 5.52%, 1/20/32<sup>(1)</sup> | 2675000 | 2751974 |
| Sierra Timeshare Receivables Funding LLC, Series 2021-8, Class D, 3.17%, 11/20/37<sup>(1)</sup> | 224644 | 220610 |
| Towd Point Mortgage Trust, Series 2024-CES1, Class A1A, VRN, 5.85%, 1/25/64<sup>(1)</sup> | 2743040 | 2755159 |
| Tricon American Homes Trust, Series 2020-SFR2, Class C, 2.03%, 11/17/39<sup>(1)</sup> | 1800000 | 1686067 |
| Verdant Receivables LLC, Series 2024-1A, Class A2, SEQ, 5.68%, 12/12/31<sup>(1)</sup> | 4095309 | 4164363 |
| Westlake Automobile Receivables Trust, Series 2024-1A, Class A3, SEQ, 5.44%, 5/17/27<sup>(1)</sup> | 4075000 | 4083073 |
| **TOTAL ASSET-BACKED SECURITIES**<br>(Cost $39,616,753) |  | **40010775** |
| **PREFERRED SECURITIES — 2.4%** |  |  |
| **Banks — 1.2%** |  |  |
| Citigroup, Inc., 3.875% | 2785000 | 2753621 |
| Citigroup, Inc., 4.00% | 2432000 | 2420941 |
| Citizens Financial Group, Inc., 5.65% | 3145000 | 3151524 |
| Comerica, Inc., 5.625% | 2680000 | 2680000 |
| Fifth Third Bancorp, 4.50% | 3195000 | 3188254 |
| M&T Bank Corp., 5.125% | 128000 | 127650 |
|  |  | 14321990 |
| **Capital Markets — 0.4%** |  |  |
| Charles Schwab Corp., 4.00% | 2325000 | 2292989 |
| Goldman Sachs Group, Inc., 7.38% | 2313000 | 2325833 |
|  |  | 4618822 |
| **Consumer Finance — 0.4%** |  |  |
| Ally Financial, Inc., 4.70% | 3028000 | 2933036 |
| American Express Co., 3.55% | 1450000 | 1419761 |
|  |  | 4352797 |
| **Electric Utilities — 0.2%** |  |  |
| Edison International, 5.375% | 2386000 | 2252436 |
| **Multi-Utilities — 0.2%** |  |  |
| Sempra, 4.875% | 2489000 | 2484961 |
| **TOTAL PREFERRED SECURITIES**<br>(Cost $27,681,659) |  | **28031006** |
| **COLLATERALIZED LOAN OBLIGATIONS — 2.1%** |  |  |
| Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class A, VRN, 5.78%, (1-month SOFR plus 1.46%), 11/15/36<sup>(1)</sup> | 1502326 | 1503532 |
| ARES LII CLO Ltd., Series 2019-52A, Class CRR, VRN, 5.82%, (3-month SOFR plus 1.55%), 4/22/31<sup>(1)</sup> | 2400000 | 2403308 |
| BlackRock Rainier CLO VI Ltd., Series 2021-6A, Class A1R, VRN, 5.82%, (3-month SOFR plus 1.55%), 4/20/37<sup>(1)</sup> | 3000000 | 3015876 |
| Madison Park Funding XXII Ltd., Series 2016-22A, Class CR2, VRN, 6.21%, (3-month SOFR plus 1.95%), 1/15/38<sup>(1)</sup> | 6250000 | 6278642 |
| Magnetite XLI Ltd., Series 2024-41A, Class C, VRN, 6.09%, (3-month SOFR plus 1.78%), 1/25/38<sup>(1)</sup> | 1400000 | 1401023 |
| Palmer Square CLO Ltd., Series 2024-4A, Class A2, VRN, 5.83%, (3-month SOFR plus 1.50%), 1/15/38<sup>(1)</sup> | 1825000 | 1828779 |
| Palmer Square Loan Funding Ltd., Series 2025-1A, Class A2, VRN, 5.52%, (3-month SOFR plus 1.20%), 2/15/33<sup>(1)</sup> | 1550000 | 1542070 |
| Sixth Street CLO VIII Ltd., Series 2017-8A, Class BR2, VRN, 6.07%, (3-month SOFR plus 1.80%), 10/20/34<sup>(1)</sup> | 5700000 | 5708550 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS**<br>(Cost $23,604,099) |  | **23681780** |
| **BANK LOAN OBLIGATIONS**<sup>(6)</sup> **— 0.1%** |  |  |
| **Aerospace and Defense — 0.1%** |  |  |
| TransDigm, Inc., 2024 Term Loan I, 7.05%, (3-month SOFR plus 2.75%), 8/24/28<br>(Cost $997,582) | 992463 | **997087** |
| **SHORT-TERM INVESTMENTS — 2.0%** |  |  |
| **Commercial Paper**<sup>(7)</sup> **— 1.8%** |  |  |
| Overwatch Alpha Funding LLC, 4.45%, 7/1/25<sup>(1)</sup> | 21100000 | 21097458 |

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------

---

| | |
|:---|:---|
| **Money Market Funds — 0.2%** |  |
| State Street Institutional U.S. Government Money Market Fund, Premier Class | 2387266 |
| **TOTAL SHORT-TERM INVESTMENTS**<br>(Cost $23,487,266) | **23484724** |
| **TOTAL INVESTMENT SECURITIES — 99.7%**<br>(Cost $1,145,132,695) | **1150216164** |
| **OTHER ASSETS AND LIABILITIES — 0.3%** | **3403183** |
| **TOTAL NET ASSETS — 100.0%** | $**1153619347** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** | **FUTURES CONTRACTS PURCHASED** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional**<br>**Amount** | &nbsp;&nbsp;**Unrealized**<br>**Appreciation**<br>**(Depreciation)^** |
| U.S. Treasury 5-Year Notes | 277 | September 2025 | $30193000 | $191312 |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** | **FUTURES CONTRACTS SOLD** |
| **Reference Entity** | **Contracts** | **Expiration Date** | **Notional**<br>**Amount** | &nbsp;&nbsp;**Unrealized**<br>**Appreciation**<br>**(Depreciation)^** |
| U.S. Treasury 10-Year Notes | 1 | September 2025 | $112125 | $(721) |
| U.S. Treasury 10-Year Ultra Notes | 6 | September 2025 | 685594 | (6574) |
|  |  |  | $797719 | $(7295) |

---

^Amount represents value and unrealized appreciation (depreciation).

---

| | | |
|:---|:---|:---|
| **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** | **NOTES TO SCHEDULE OF INVESTMENTS** |
| FHLMC | – | Federal Home Loan Mortgage Corp. |
| FNMA | – | Federal National Mortgage Association |
| IO | – | Interest Only |
| SEQ | – | Sequential Payer |
| SOFR | – | Secured Overnight Financing Rate |
| VRN | – | Variable Rate Note. The rate adjusts periodically based upon the terms set forth in the security's offering documents. The rate shown is effective at the period end and the reference rate and spread, if any, is indicated. The security's effective maturity date may be shorter than the final maturity date shown. |

---

(1)Security was purchased pursuant to Rule 144A or Section 4(2) under the Securities Act of 1933 and may be sold in transactions exempt from registration, normally to qualified institutional investors. The aggregate value of these securities at the period end was $444,985,165, which represented 38.6% of total net assets.

(2)When-issued security. The issue price and yield are fixed on the date of the commitment, but payment and delivery are scheduled for a future date.

(3)Security, or a portion thereof, has been pledged at the custodian bank or with a broker for collateral requirements on futures contracts. At the period end, the aggregate value of securities pledged was $626,296.

(4)Security is in default.

(5)Non-income producing.

(6)The interest rate on a bank loan obligation adjusts periodically based on a predetermined schedule. Rate or range of rates shown is effective at period end. The maturity date on a bank loan obligation may be less than indicated as a result of contractual or optional prepayments. These prepayments cannot be predicted with certainty.

(7)The rate indicated is the yield to maturity at purchase for non-interest bearing securities. For interest bearing securities, the stated coupon rate is shown.

------

**SUPPLEMENTARY NOTES TO SCHEDULE OF INVESTMENTS** 

**1. Investment Valuations**

The fund determines the fair value of its investments and computes its net asset value (NAV) per share at the close of regular trading (usually 4 p.m. Eastern time) on the New York Stock Exchange (NYSE) on each day the NYSE is open. The value of investments of the fund is determined by American Century Investment Management, Inc. (ACIM) (the investment advisor), as the valuation designee, pursuant to its valuation policies and procedures. The Board of Trustees oversees the valuation designee and reviews its valuation policies and procedures at least annually.

Fixed income securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Corporate bonds, U.S. Treasury and Government Agency securities, and bank loan obligations are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information. Mortgage-related and asset-backed securities are valued based on models that consider trade data, prepayment and default projections, benchmark yield and spread data and estimated cash flows of each tranche of the issuer. Collateralized loan obligations are valued based on discounted cash flow models that consider trade and economic data, prepayment assumptions and default projections. Commercial paper is valued using a curve-based approach that considers money market rates for specific instruments, programs, currencies and maturity points from a variety of active market makers.

Equity securities that are listed or traded on a domestic securities exchange are valued at the last reported sales price or at the official closing price as provided by the exchange. Equity securities traded on foreign securities exchanges are generally valued at the closing price of such securities on the exchange where primarily traded or at the close of the NYSE, if that is earlier. If no last sales price is reported, or if local convention or regulation so provides, the mean of the latest bid and asked prices may be used. Securities traded over-the-counter are valued at the mean of the latest bid and asked prices, the last sales price, or the official closing price.

Hybrid securities are valued at the evaluated mean as provided by independent pricing services or at the mean of the most recent bid and asked prices as provided by investment dealers. Preferred securities and convertible preferred securities with perpetual maturities are valued using market models that consider trade data, quotations from dealers and active market makers, relevant yield curve and spread data, creditworthiness, trade data or market information on comparable securities, and other relevant security specific information.

Open-end management investment companies are valued at the reported NAV per share. Exchange-traded futures contracts are valued at the settlement price as provided by the appropriate exchange.

If the valuation designee determines that the market price for a portfolio security is not readily available or is believed by the valuation designee to be unreliable, such security is valued at fair value as determined in good faith by the valuation designee, in accordance with its policies and procedures. Circumstances that may cause the fund to determine that market quotations are not available or reliable include, but are not limited to: when there is a significant event subsequent to the market quotation; trading in a security has been halted during the trading day; or trading in a security is insufficient or did not take place due to a closure or holiday.

The valuation designee monitors for significant events occurring after the close of an investment's primary exchange but before the fund's NAV per share is determined. Significant events may include, but are not limited to: corporate announcements and transactions; regulatory news, governmental action and political unrest that could impact a specific investment or an investment sector; or armed conflicts, natural disasters and similar events that could affect investments in a specific country or region. The valuation designee also monitors for significant fluctuations between domestic and foreign markets, as evidenced by the U.S. market or such other indicators that it deems appropriate. The valuation designee may apply a model-derived factor to the closing price of equity securities traded on foreign securities exchanges. The factor is based on observable market data as provided by an independent pricing service.

**2. Fair Value Measurements**

The fund's investments valuation process is based on several considerations and may use multiple inputs to determine the fair value of the investments held by the fund. In conformity with accounting principles generally accepted in the United States of America, the inputs used to determine a valuation are classified into three broad levels.

• Level 1 valuation inputs consist of unadjusted quoted prices in an active market for identical investments.

• Level 2 valuation inputs consist of direct or indirect observable market data (including quoted prices for comparable investments, evaluations of subsequent market events, interest rates, prepayment speeds, credit risk, etc.). These inputs also consist of quoted prices for identical investments initially expressed in local currencies that are adjusted through translation into U.S. dollars.

• Level 3 valuation inputs consist of unobservable data (including a fund's own assumptions).

The level classification is based on the lowest level input that is significant to the fair valuation measurement. The valuation inputs are not necessarily an indication of the risks associated with investing in these securities or other financial instruments.

------

The following is a summary of the level classifications as of period end. The Schedule of Investments provides additional information on the fund's portfolio holdings.

---

| | | | |
|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | &nbsp;&nbsp;**Level 3** |
| **Assets** |  |  |  |
| **Investment Securities** |  |  |  |
| Corporate Bonds |  | $461889587 |  |
| Collateralized Mortgage Obligations |  | 236331016 |  |
| U.S. Treasury Securities |  | 204409008 |  |
| Convertible Preferred Securities |  | 87909392 |  |
| Commercial Mortgage-Backed Securities |  | 43471789 |  |
| Asset-Backed Securities |  | 40010775 |  |
| Preferred Securities |  | 28031006 |  |
| Collateralized Loan Obligations |  | 23681780 |  |
| Bank Loan Obligations |  | 997087 |  |
| Short-Term Investments | $2387266 | 21097458 |  |
|  | $2387266 | $1147828898 |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $191312 |  |  |
| **Liabilities** |  |  |  |
| **Other Financial Instruments** |  |  |  |
| Futures Contracts | $7295 |  |  |

---

*This schedule of investments provides information about the fund's portfolio holdings as of the date on the schedule. It is unaudited, and American Century Investments assumes no obligation to update or supplement the schedule to reflect subsequent changes. More information is available in the fund's most recent annual or semiannual shareholder report.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Century Investment Trust

- **b. Investment Company Act file number:** 811-07822

- **c. CIK number of Registrant:** 0000908406

- **d. LEI of Registrant:** 549300RGSU9J1L1HFF90

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

  - **Street Address 1:** 4500 Main St

  - **City:** Kansas City

  - **State:** MO

  - **Foreign country:** US

  - **Zip / Postal Code:** 64111

  - **Telephone number:** 816-531-5575

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

- **a. Name of Series:** Short Duration Fund

- **b. EDGAR series identifier (if any):** S000014385

- **c. LEI of Series:** 3VTVXMH1JRM312VF5K71

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1156785598.95

**Total Liabilities:** $7443303.78

**Net Assets:** $1149342295.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 2764.000000000000 | **1-Year:** 44339.000000000000 | **5-Year:** 41910.000000000000 | **10-Year:** 19231.000000000000 | **30-Year:** 43370.000000000000

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

- **3-Month:** 191.000000000000 | **1-Year:** 5102.000000000000 | **5-Year:** 4313.000000000000 | **10-Year:** 60.000000000000 | **30-Year:** 9127.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000039175 | 0.52%                | 0.20%                | 0.70%                |
| Class ID C000039176 | 0.46%                | 0.24%                | 0.74%                |
| Class ID C000039177 | 0.61%                | 0.19%                | 0.89%                |
| Class ID C000039178 | 0.62%                | 0.20%                | 0.80%                |
| Class ID C000039179 | 0.58%                | 0.16%                | 0.76%                |
| Class ID C000189692 | 0.61%                | 0.19%                | 0.79%                |
| Class ID C000194393 | 0.63%                | 0.21%                | 0.91%                |
| Class ID C000224786 | 0.65%                | 0.33%                | 0.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $340345.28               | $727069.94                                 |
| Month 2  | $231934.25               | $-1005714.81                               |
| Month 3  | $456044.63               | $4284187.12                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Government & Credit (1-3 Y)

- **Index Identifier:** Bloomberg US Aggregate Government & Credit (1-3 Y)

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                                                  | AT&T Inc 7.30 08/15/2026                                                                  | CUSIP: 00206RGJ5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2060844.25   | 0.18%             | 2026-08-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc/AAdvantage Loyalty IP Ltd                           | American Airlines Inc/AAdvantage Loyalty IP Ltd 5.50 04/20/2026                           | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5181799 | PA      | $5173147.26   | 0.45%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                                | AbbVie Inc 4.80 03/15/2027                                                                | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3840000 | PA      | $3878625.72   | 0.34%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Aircastle Ltd                                                             | Aircastle Ltd 5.95 02/15/2029                                                             | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1385032.64   | 0.12%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LLC                                           | Aligned Data Centers Issuer LLC 2.48                                                      | CUSIP: 01627AAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3545000 | PA      | $3404821.13   | 0.30%             | 2046-08-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                | Allianz SE (pfd) 3.50% 04/30/2174 Perpetual                                               | CUSIP: 018820AA8<br>LEI: 529900K9B0N5BT694847 | Long             | EP               | CORP              | DE        |   3000000 | NS      | $2956970.70   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Ally Financial Inc                                                        | Ally Financial Inc (pfd) 4.70% 08/15/2173 Perpetual                                       | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EP               | CORP              | US        |   3028000 | NS      | $2933035.83   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp                                                               | Ameren Corp 5.70 12/01/2026                                                               | CUSIP: 023608AP7<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2347710.66   | 0.20%             | 2026-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                                                     | American Airlines Inc 7.25 02/15/2028                                                     | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1256966.52   | 0.11%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| American Airlines 2014-1 Class A Pass Through Trust                       | American Airlines 2014-1 Class A Pass Through Trust 3.70 04/01/2028                       | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    108245 | PA      | $106371.16    | 0.01%             | 2028-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| American Express Co                                                       | American Express Co (pfd) 3.55% 09/15/2173 Perpetual                                      | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | EP               | CORP              | US        |   1450000 | NS      | $1419761.56   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Antares Holdings LP                                                       | Antares Holdings LP 2.75 01/15/2027                                                       | CUSIP: 03666HAD3<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | CA        |   1091000 | PA      | $1047536.39   | 0.09%             | 2027-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp                                                             | AppLovin Corp 5.13 12/01/2029                                                             | CUSIP: 03831WAB4<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   3818000 | PA      | $3868805.29   | 0.34%             | 2029-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Trust Inc                                                    | Arbor Realty Commercial Real Estate Notes 2021-FL4 Ltd 5.78                               | CUSIP: 03880RAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1502326 | PA      | $1503531.88   | 0.13%             | 2036-11-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| ARES CLO                                                                  | ARES LII CLO Ltd 5.82                                                                     | CUSIP: 04009ABC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   2400000 | PA      | $2403307.44   | 0.21%             | 2031-04-22      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Ares Capital Corp                                                         | Ares Capital Corp 3.25 07/15/2025                                                         | CUSIP: 04010LAY9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   2842000 | PA      | $2840291.65   | 0.25%             | 2025-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                | Ares Strategic Income Fund 5.70 03/15/2028                                                | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   3175000 | PA      | $3201701.88   | 0.28%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                   | Bank of Nova Scotia/The 8.63 10/27/2082                                                   | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2574000 | PA      | $2738012.71   | 0.24%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                              | Barclays PLC (pfd) 6.13% 12/15/2173 Perpetual                                             | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EP               | CORP              | GB        |   4990000 | NS      | $4998138.69   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| GLP Capital LP / GLP Financing II Inc                                     | GLP Capital LP / GLP Financing II Inc 5.38 04/15/2026                                     | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5004215.00   | 0.44%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2023-PJ6                              | GS Mortgage-Backed Securities Trust 2023-PJ6 6.00                                         | CUSIP: 36268FAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4927185 | PA      | $4969163.60   | 0.43%             | 2054-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                         | Hyatt Hotels Corp 5.05 03/30/2028                                                         | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2881694.68   | 0.25%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                   | Hyundai Capital America 5.95 09/21/2026                                                   | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2641367.09   | 0.23%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Sierra Timeshare 2021-1 Receivables Funding LLC                           | Sierra Timeshare 2021-1 Receivables Funding LLC 3.17                                      | CUSIP: 82652QAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224644 | PA      | $220610.04    | 0.02%             | 2037-11-20      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio LLC                                                       | Sirius XM Radio LLC 3.13 09/01/2026                                                       | CUSIP: 82967NBL1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3436631.17   | 0.30%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO VIII Ltd                                                 | SIXST 2017-8A BR2 0.00                                                                    | CUSIP: 83012VAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   5700000 | PA      | $5708550.00   | 0.50%             | 2034-10-20      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc / SkyMiles IP Ltd                                     | Delta Air Lines Inc / SkyMiles IP Ltd 4.50 10/20/2025                                     | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    316000 | PA      | $315278.12    | 0.03%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Snam SpA                                                                  | Snam SpA 5.00 05/28/2030                                                                  | CUSIP: 83304JAA5<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |   1060000 | PA      | $1069361.95   | 0.09%             | 2030-05-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA 3.65 07/08/2035                                                       | CUSIP: 83368RAY8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1851000 | PA      | $1700255.17   | 0.15%             | 2035-07-08      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA 5.51 05/22/2031                                                       | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    561000 | PA      | $572310.61    | 0.05%             | 2031-05-22      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA (pfd) 4.75% 11/26/2173 Perpetual                                      | CUSIP: 83370RAB4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |   4070000 | NS      | $4019712.71   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA (pfd) 9.38% 05/22/2174 Perpetual                                      | CUSIP: 83370RAC2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EP               | CORP              | FR        |   2480000 | NS      | $2638023.12   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Southern Co/The                                                           | Southern Co/The 4.00 01/15/2051                                                           | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   3320000 | PA      | $3306159.85   | 0.29%             | 2051-01-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                                       | Sprint Capital Corp 6.88 11/15/2028                                                       | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    986000 | PA      | $1058753.27   | 0.09%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                    | Standard Chartered PLC 5.55 01/21/2029                                                    | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2554385.08   | 0.22%             | 2029-01-21      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Standard Industries Inc/NY                                                | Standard Industries Inc/NY 5.00 02/15/2027                                                | CUSIP: 853496AC1<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4492974.15   | 0.39%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                                         | State Street Corp 3.03 11/01/2034                                                         | CUSIP: 857477BF9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3465427.61   | 0.30%             | 2034-11-01      | Variable      | 3.03%                 | No            |                  2 | On Loan: No      |
| Synopsys Inc                                                              | Synopsys Inc 4.65 04/01/2028                                                              | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1722700.54   | 0.15%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                   | Hyundai Capital America 4.88 11/01/2027                                                   | CUSIP: 44891ADK0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3773114.08   | 0.33%             | 2027-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                                              | Illumina Inc 5.80 12/12/2025                                                              | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4218374.87   | 0.37%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                                              | Illumina Inc 4.65 09/09/2026                                                              | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   2716000 | PA      | $2719941.40   | 0.24%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                                                              | ING Groep NV (pfd) 5.75% 11/16/2173 Perpetual                                             | CUSIP: 456837AR4<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EP               | CORP              | NL        |   4980000 | NS      | $4956781.75   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Intel Corp                                                                | Intel Corp 4.88 02/10/2026                                                                | CUSIP: 458140CD0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   3730000 | PA      | $3736077.92   | 0.33%             | 2026-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA (pfd) 7.70% 03/17/2174 Perpetual                                      | CUSIP: 46115HAU1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EP               | CORP              | IT        |   6330000 | NS      | $6357503.85   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA 4.20 06/01/2032                                                       | CUSIP: 46115HBQ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   4420000 | PA      | $4068168.80   | 0.35%             | 2032-06-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                 | IQVIA Inc 5.00 05/15/2027                                                                 | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2991818.40   | 0.26%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IQVIA Inc                                                                 | IQVIA Inc 5.70 05/15/2028                                                                 | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |   1294000 | PA      | $1327728.11   | 0.12%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-NQM2                                 | JP Morgan Mortgage Trust Series 2025-NQM2 5.77                                            | CUSIP: 46590SAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3931155 | PA      | $3948124.64   | 0.34%             | 2065-09-25      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                                       | Delta Air Lines Inc 3.75 10/28/2029                                                       | CUSIP: 247361ZT8<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2868790.20   | 0.25%             | 2029-10-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | Deutsche Bank AG (pfd) 6.00% 04/30/2174 Perpetual                                         | CUSIP: 251525AX9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EP               | CORP              | DE        |   5200000 | NS      | $5189313.48   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                              | Deutsche Bank AG/New York NY 4.88 12/01/2032                                              | CUSIP: 251526BN8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1597966.22   | 0.14%             | 2032-12-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                    | Diamondback Energy Inc 5.20 04/18/2027                                                    | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   4580000 | PA      | $4644645.88   | 0.40%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.35                         | CUSIP: 3137FETN0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  13766000 | PA      | $13537957.95  | 1.18%             | 2028-01-25      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.75                         | CUSIP: 3137FJXQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7629558 | PA      | $7605013.51   | 0.66%             | 2025-08-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.21                         | CUSIP: 3137FLN34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  10202668 | PA      | $10130065.00  | 0.88%             | 2026-02-25      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 2.28                         | CUSIP: 3137FNWX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  12714230 | PA      | $12469502.60  | 1.08%             | 2026-07-25      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                         | Fannie Mae REMICS 4.72                                                                    | CUSIP: 31395NSC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    220017 | PA      | $218269.70    | 0.02%             | 2036-07-25      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest Strip                                                 | Fannie Mae Interest Strip 4.00                                                            | CUSIP: 31395QSM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   2509318 | PA      | $352522.27    | 0.03%             | 2042-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                         | Fannie Mae REMICS 5.24                                                                    | CUSIP: 31397NXK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    225435 | PA      | $226623.85    | 0.02%             | 2037-03-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                       | Fifth Third Bancorp (pfd) 4.50% 09/30/2173 Perpetual                                      | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EP               | CORP              | US        |   3195000 | NS      | $3188253.76   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| First Industrial LP                                                       | First Industrial LP 5.25 01/15/2031                                                       | CUSIP: 32055RAS6<br>LEI: 86MKNB3IKYZZT3E3OV11 | Long             | DBT              | CORP              | US        |    789000 | PA      | $798592.24    | 0.07%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| First Horizon Bank                                                        | First Horizon Bank 5.75 05/01/2030                                                        | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |    753000 | PA      | $770483.43    | 0.07%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer 2021-1                                                  | Flexential Issuer 2021-1 3.25                                                             | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3873269.60   | 0.34%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                  | Ford Motor Credit Co LLC 5.80 03/05/2027                                                  | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   3670000 | PA      | $3700314.42   | 0.32%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co LLC                                                  | Ford Motor Credit Co LLC 5.13 11/05/2026                                                  | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | CA        |   3150000 | PA      | $3143396.15   | 0.27%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2023-HQA2                                   | Freddie Mac STACR REMIC Trust 2023-HQA2 6.31                                              | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | CORP              | US        |   1888665 | PA      | $1899504.86   | 0.17%             | 2043-06-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2022-DNA6                                   | Freddie Mac STACR REMIC Trust 2022-DNA6 6.46                                              | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | CORP              | US        |   1020993 | PA      | $1028919.15   | 0.09%             | 2042-09-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STACR REMIC Trust 2021-DNA7                                   | Freddie Mac STACR REMIC Trust 2021-DNA7 5.16                                              | CUSIP: 35564KMA4<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | CORP              | US        |   1833506 | PA      | $1829276.64   | 0.16%             | 2041-11-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Corp                                                     | Freedom Mortgage Corp 6.63 01/15/2027                                                     | CUSIP: 35640YAJ6<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   2790000 | PA      | $2796930.36   | 0.24%             | 2027-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                             | Freedom Mortgage Holdings LLC 9.25 02/01/2029                                             | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   2155000 | PA      | $2239960.88   | 0.19%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                      | Frontier Communications Holdings LLC 6.00 01/15/2030                                      | CUSIP: 35908MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3041259.00   | 0.26%             | 2030-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-11                                          | JP Morgan Mortgage Trust 2024-11 6.00                                                     | CUSIP: 46659AAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4799833 | PA      | $4849401.25   | 0.42%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-11                                          | JP Morgan Mortgage Trust 2024-11 6.00                                                     | CUSIP: 46659AAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1966665 | PA      | $1980164.73   | 0.17%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CCM2                                 | JP Morgan Mortgage Trust Series 2025-CCM2 5.50                                            | CUSIP: 46659EAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4995932 | PA      | $5015367.93   | 0.44%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty LP                                                          | Kilroy Realty LP 4.25 08/15/2029                                                          | CUSIP: 49427RAK8<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   4670000 | PA      | $4516006.24   | 0.39%             | 2029-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Kyndryl Holdings Inc                                                      | Kyndryl Holdings Inc 2.70 10/15/2028                                                      | CUSIP: 50155QAK6<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1874000 | PA      | $1770488.35   | 0.15%             | 2028-10-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 7.00 07/15/2031        | CUSIP: 505742AR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1804945.13   | 0.16%             | 2031-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp 5.50 08/01/2030        | CUSIP: 505742AS5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1729000 | PA      | $1741350.59   | 0.15%             | 2030-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp                                                          | Lamar Media Corp 3.75 02/15/2028                                                          | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3065000 | PA      | $2973115.59   | 0.26%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Lineage OP LP                                                             | Lineage OP LP 5.25 07/15/2030                                                             | CUSIP: 53567YAA7<br>LEI: 254900CSRDL1G4SRQE89 | Long             | DBT              | CORP              | US        |   2985000 | PA      | $3004266.53   | 0.26%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                  | Lloyds Banking Group PLC (pfd) 7.50% 12/27/2173 Perpetual                                 | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EP               | CORP              | GB        |   5000000 | NS      | $5025925.00   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos Inc                                                            | Lowe's Cos Inc 3.10 05/03/2027                                                            | CUSIP: 548661DP9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2286238.97   | 0.20%             | 2027-05-03      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                                             | M&T Bank Corp (pfd) 5.13% 05/01/2174 Perpetual                                            | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    128000 | NS      | $127649.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MFA 2024-NQM1 Trust                                                       | MFA 2024-NQM1 Trust 6.58                                                                  | CUSIP: 55286VAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2249576 | PA      | $2278357.87   | 0.20%             | 2069-03-25      | Variable      | 6.58%                 | No            |                  2 | On Loan: No      |
| MVW 2019-2 LLC                                                            | MVW 2019-2 LLC 2.44                                                                       | CUSIP: 55400DAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    352582 | PA      | $346968.25    | 0.03%             | 2038-10-20      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd/London                                                 | Macquarie Bank Ltd/London (pfd) 6.13% 09/08/2173 Perpetual                                | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | EP               | CORP              | GB        |   3322000 | NS      | $3340274.32   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                                                  | Madison Park Funding XXII Ltd 6.21                                                        | CUSIP: 55819XBN1<br>LEI: 254900YXXBTCF4NGD347 | Long             | ABS-CBDO         | CORP              | US        |   6250000 | PA      | $6278641.88   | 0.55%             | 2038-01-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Magallanes Inc                                                            | Warnermedia Holdings Inc 3.76 03/15/2027                                                  | CUSIP: 55903VBA0<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2903000 | PA      | $2709110.69   | 0.24%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                                         | Magnetite Xli Ltd 6.09                                                                    | CUSIP: 55956AAC9<br>LEI: 529900IDXPZZY6034K03 | Long             | ABS-CBDO         | CORP              | US        |   1400000 | PA      | $1401023.40   | 0.12%             | 2038-01-25      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                  | Mars Inc 4.60 03/01/2028                                                                  | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   5103000 | PA      | $5145543.76   | 0.45%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Marriott International Inc/MD                                             | Marriott International Inc/MD 5.45 09/15/2026                                             | CUSIP: 571903BM4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4050895.56   | 0.35%             | 2026-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP/Medline Co-Issuer Inc                                 | Medline Borrower LP/Medline Co-Issuer Inc 6.25 04/01/2029                                 | CUSIP: 58506DAA6<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   2329000 | PA      | $2395455.69   | 0.21%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd | Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd 6.50 06/20/2027 | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5051928 | PA      | $5061713.99   | 0.44%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Monongahela Power Co                                                      | Monongahela Power Co 3.55 05/15/2027                                                      | CUSIP: 610202BR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5272000 | PA      | $5196463.63   | 0.45%             | 2027-05-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Overwatch Alpha Funding LLC                                               | Overwatch Alpha Funding LLC 0.00 07/01/2025                                               | CUSIP: 69039TU12<br>LEI: 254900B3TINYQPJOZP37 | Long             | STIV             | CORP              | US        |  21100000 | PA      | $21097457.45  | 1.84%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional US Government Money Market Fund                | State Street Institutional US Government Money Market Fund                                | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   2387266 | NS      | $2387266.49   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                                             | Universal Health Services Inc 1.65 09/01/2026                                             | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   3922000 | PA      | $3787918.51   | 0.33%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Veralto Corp                                                              | Veralto Corp 5.50 09/18/2026                                                              | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $3117520.81   | 0.27%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables 2024-1 LLC                                            | Verdant Receivables 2024-1 LLC 5.68                                                       | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4095309 | PA      | $4164363.55   | 0.36%             | 2031-12-12      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2019-INV3                                      | Verus Securitization Trust 2019-INV3 4.10                                                 | CUSIP: 92537MAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1102271 | PA      | $1092157.59   | 0.10%             | 2059-11-25      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                                        | Expand Energy Corp 6.75 04/15/2029                                                        | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    462000 | PA      | $467819.35    | 0.04%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                   | Volkswagen Group of America Finance LLC 6.00 11/16/2026                                   | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3089627.57   | 0.27%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                                   | Volkswagen Group of America Finance LLC 4.90 08/14/2026                                   | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2385000 | PA      | $2390211.30   | 0.21%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Vornado Realty LP                                                         | Vornado Realty LP 2.15 06/01/2026                                                         | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |   4622000 | PA      | $4490631.48   | 0.39%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                                                      | WEC Energy Group Inc 4.75 01/09/2026                                                      | CUSIP: 92939UAK2<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5001797.95   | 0.44%             | 2026-01-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2015-NXS4                           | Wells Fargo Commercial Mortgage Trust 2015-NXS4 3.45                                      | CUSIP: 94989XBB0<br>LEI: 549300RD723OFH36TP29 | Long             | ABS-MBS          | CORP              | US        |   2325405 | PA      | $2319306.18   | 0.20%             | 2048-12-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co 4.90 01/24/2028                                                          | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3145000 | PA      | $3168796.55   | 0.28%             | 2028-01-24      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                          | Wells Fargo & Co 4.97 04/23/2029                                                          | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2291922.18   | 0.20%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2024-1                              | Westlake Automobile Receivables Trust 2024-1 5.44                                         | CUSIP: 96043RAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4075000 | PA      | $4083072.98   | 0.36%             | 2027-05-17      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                                      | Williams Cos Inc/The 5.40 03/02/2026                                                      | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011688.22   | 0.18%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                                                | Zoetis Inc 5.40 11/14/2025                                                                | CUSIP: 98978VAU7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   4167000 | PA      | $4176159.65   | 0.36%             | 2025-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                           | Danske Bank A/S (pfd) 4.38% 11/18/2173 Perpetual                                          | CUSIP: K2227DL59<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | EP               | CORP              | DK        |   5223000 | NS      | $5146678.91   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| CBOT 5 Year US Treasury Note                                              | US 5YR NOTE (CBT) Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |       303 | NC      | $217653.47    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 10 Year US Treasury Note                                             | US 10YR NOTE (CBT)Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |        -1 | NC      | $-720.70      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOT 10 Year Ultra US Treasury Note                                       | US 10yr Ultra Fut Sep25                                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              | UST               | US        |        -6 | NC      | $-6574.20     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                          | Skandinaviska Enskilda Banken AB (pfd) 6.88% 12/30/2173 Perpetual                         | CUSIP: W8T54FK56<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | EP               | CORP              | SE        |   3200000 | NS      | $3265324.00   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2024-PJ1                              | GS Mortgage-Backed Securities Trust 2024-PJ1 6.00                                         | CUSIP: 36268VAZ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6423815 | PA      | $6463752.89   | 0.56%             | 2054-06-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2023-PJ4                              | GS Mortgage-Backed Securities Trust 2023-PJ4 6.00                                         | CUSIP: 36270XAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4499628 | PA      | $4544208.71   | 0.40%             | 2054-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust 2025-PJ6                              | GS Mortgage-Backed Securities Trust 2025-PJ6 6.00                                         | CUSIP: 36272KAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3254000 | PA      | $3271409.55   | 0.28%             | 2055-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co Inc                                           | General Motors Financial Co Inc 5.40 04/06/2026                                           | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3014172.48   | 0.26%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Genpact Luxembourg SARL/Genpact USA Inc                                   | Genpact Luxembourg SARL/Genpact USA Inc 6.00 06/04/2029                                   | CUSIP: 37190AAB5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1212000 | PA      | $1255125.44   | 0.11%             | 2029-06-04      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Global Atlantic Fin Co                                                    | Global Atlantic Fin Co 4.40 10/15/2029                                                    | CUSIP: 37959GAA5<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1485813.69   | 0.13%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The 5.73 04/25/2030                                               | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1946983.13   | 0.17%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The 4.94 04/23/2028                                               | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1583000 | PA      | $1595951.82   | 0.14%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                               | Goldman Sachs Group Inc/The (pfd) 7.38% 02/10/2174 Perpetual                              | CUSIP: 38148BAE8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   2313000 | NS      | $2325832.52   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA/New York NY                                        | Goldman Sachs Bank USA/New York NY 5.41 05/21/2027                                        | CUSIP: 38151LAG5<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2974852.78   | 0.26%             | 2027-05-21      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Goodgreen 2018-1                                                          | Goodgreen 2018-1 3.93                                                                     | CUSIP: 38218GAA0<br>LEI: 549300X0P2BXCQULUH20 | Long             | ABS-MBS          | CORP              | US        |    271084 | PA      | $251300.91    | 0.02%             | 2053-10-15      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                   | HCA Inc 5.25 06/15/2026                                                                   | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5007475.40   | 0.44%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                         | HSBC Holdings PLC (pfd) 6.00% 11/22/2173 Perpetual                                        | CUSIP: 404280BL2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EP               | CORP              | GB        |   5150000 | NS      | $5157665.78   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                         | HSBC Holdings PLC 7.39 11/03/2028                                                         | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2170000 | PA      | $2304975.71   | 0.20%             | 2028-11-03      | Variable      | 7.39%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc                                                              | HSBC USA Inc 4.65 06/03/2028                                                              | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   2378000 | PA      | $2397101.00   | 0.21%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HPS Corporate Lending Fund                                                | HPS Corporate Lending Fund 5.45 01/14/2028                                                | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3550984.73   | 0.31%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                         | Herc Holdings Inc 5.50 07/15/2027                                                         | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1039000 | PA      | $1039919.52   | 0.09%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Herc Holdings Inc                                                         | Herc Holdings Inc 7.00 06/15/2030                                                         | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2089964.68   | 0.18%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                             | Hewlett Packard Enterprise Co 4.40 09/25/2027                                             | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1932000 | PA      | $1934426.38   | 0.17%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Highwoods Realty LP                                                       | Highwoods Realty LP 4.20 04/15/2029                                                       | CUSIP: 431282AR3<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   1674000 | PA      | $1628672.45   | 0.14%             | 2029-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                                                        | Home Depot Inc/The 5.15 06/25/2026                                                        | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   6825000 | PA      | $6890487.72   | 0.60%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                                               | Honeywell International Inc 4.65 07/30/2027                                               | CUSIP: 438516CX2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2456228.55   | 0.21%             | 2027-07-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corp                                                         | Hyatt Hotels Corp 5.75 01/30/2027                                                         | CUSIP: 448579AQ5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    857000 | PA      | $874972.22    | 0.08%             | 2027-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                      | Royal Bank of Canada 4.97 01/24/2029                                                      | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3720000 | PA      | $3774916.76   | 0.33%             | 2029-01-24      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Leasing 2024-1 LLC                                          | SCF Equipment Leasing 2024-1 LLC 5.52                                                     | CUSIP: 783896AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2675000 | PA      | $2751973.66   | 0.24%             | 2032-01-20      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust 2024-CES1                         | Saluda Grade Alternative Mortgage Trust 2024-CES1 6.31                                    | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2942291 | PA      | $2980823.09   | 0.26%             | 2054-03-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                                                   | Charles Schwab Corp/The (pfd) 4.00% 06/01/2174 Perpetual                                  | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   2325000 | NS      | $2292989.40   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Sempra                                                                    | Sempra (pfd) 4.88% 10/15/2173 Perpetual                                                   | CUSIP: 816851BK4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |   2489000 | NS      | $2484961.25   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-9                                             | Sequoia Mortgage Trust 2024-9 5.50                                                        | CUSIP: 81749PAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2679608 | PA      | $2687867.74   | 0.23%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                            | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1966333 | PA      | $1972124.46   | 0.17%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-10                                            | Sequoia Mortgage Trust 2024-10 5.50                                                       | CUSIP: 81749QAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1444288 | PA      | $1443891.34   | 0.13%             | 2054-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                               | Truist Bank 4.63 09/17/2029                                                               | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1750282.39   | 0.15%             | 2029-09-17      | Variable      | 4.63%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                            | Blackstone Private Credit Fund 7.05 09/29/2025                                            | CUSIP: 09261HBA4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   2815000 | PA      | $2830667.25   | 0.25%             | 2025-09-29      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Blackrock CLO Ltd                                                         | Blackrock Rainier CLO VI Ltd 5.82                                                         | CUSIP: 09261MAQ9<br>LEI: 549300HF4E86WXQDUX86 | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $3015876.30   | 0.26%             | 2037-04-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp                                               | Blue Owl Credit Income Corp 6.60 09/15/2029                                               | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1559243.73   | 0.14%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp                                          | Blue Owl Technology Finance Corp 6.10 03/15/2028                                          | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1900757.63   | 0.17%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                             | Boeing Co/The 2.20 02/04/2026                                                             | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3406485.98   | 0.30%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                                             | Boeing Co/The 6.30 05/01/2029                                                             | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1792421.50   | 0.16%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2024-CES1                                 | BRAVO Residential Funding Trust 2024-CES1 6.38                                            | CUSIP: 10570NAA6<br>LEI: 254900UJENIYH5UEYD42 | Long             | ABS-MBS          | CORP              | US        |    113136 | PA      | $114310.22    | 0.01%             | 2054-04-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                                                   | Bristol-Myers Squibb Co 4.90 02/22/2027                                                   | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2289777.96   | 0.20%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Broadcom Corp / Broadcom Cayman Finance Ltd                               | Broadcom Corp / Broadcom Cayman Finance Ltd 3.88 01/15/2027                               | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3415000 | PA      | $3392745.88   | 0.30%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                              | Broadcom Inc 4.80 04/15/2028                                                              | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3385000 | PA      | $3434745.62   | 0.30%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust 2019-2                                  | Bunker Hill Loan Depositary Trust 2019-2 3.08                                             | CUSIP: 12061RAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    301783 | PA      | $294617.80    | 0.03%             | 2049-07-25      | Floating      | 3.08%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-AFC1 Trust                                                      | CSMC 2020-AFC1 Trust 3.51                                                                 | CUSIP: 12597MAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    387767 | PA      | $372335.71    | 0.03%             | 2050-02-25      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                           | CVS Health Corp 5.00 02/20/2026                                                           | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5007248.65   | 0.44%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust 2005-17                                   | CHL Mortgage Pass-Through Trust 2005-17 5.50                                              | CUSIP: 12669G5X5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       531 | PA      | $530.66       | 0.00%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                                                       | Cardinal Health Inc 4.70 11/15/2026                                                       | CUSIP: 14149YBQ0<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   4480000 | PA      | $4504827.80   | 0.39%             | 2026-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                  | Celanese US Holdings LLC 6.42 07/15/2027                                                  | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    773000 | PA      | $801020.30    | 0.07%             | 2027-07-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| Centene Corp                                                              | Centene Corp 4.25 12/15/2027                                                              | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   3370000 | PA      | $3321041.99   | 0.29%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-3                           | Chase Home Lending Mortgage Trust Series 2024-3 6.00                                      | CUSIP: 16159HAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3402480 | PA      | $3441802.77   | 0.30%             | 2055-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-8                                  | Chase Home Lending Mortgage Trust 2024-8 5.50                                             | CUSIP: 16159XAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2292401 | PA      | $2289831.76   | 0.20%             | 2055-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-10                                 | Chase Home Lending Mortgage Trust 2024-10 6.00                                            | CUSIP: 16159YAD2<br>LEI: 529900OE9S6KWRJHHJ57 | Long             | ABS-MBS          | CORP              | US        |   3208132 | PA      | $3242325.34   | 0.28%             | 2055-10-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                  | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3681914 | PA      | $3695864.79   | 0.32%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                        | Credit Agricole SA (pfd) 8.13% 03/23/2174 Perpetual                                       | CUSIP: 225313AJ4<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EP               | CORP              | FR        |   3825000 | NS      | $3876044.63   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                        | Credit Agricole SA 5.22 05/27/2031                                                        | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    881000 | PA      | $897738.73    | 0.08%             | 2031-05-27      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG 6.33 12/22/2027                                                              | CUSIP: 225401BC1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3225000 | PA      | $3312124.76   | 0.29%             | 2027-12-22      | Variable      | 6.33%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                        | Energy Transfer LP 5.63 05/01/2027                                                        | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3370000 | PA      | $3376699.96   | 0.29%             | 2027-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2021-1R                                             | Arroyo Mortgage Trust 2021-1R 1.48                                                        | CUSIP: 042853AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    797399 | PA      | $722802.19    | 0.06%             | 2048-10-25      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust 2021-1R                                             | Arroyo Mortgage Trust 2021-1R 1.64                                                        | CUSIP: 042853AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631274 | PA      | $571676.21    | 0.05%             | 2048-10-25      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING FABN                                                | Athene Global Funding 5.68 02/23/2026                                                     | CUSIP: 04685A3S8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   4015000 | PA      | $4043288.85   | 0.35%             | 2026-02-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING FABN                                                | Athene Global Funding 5.62 05/08/2026                                                     | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3935680.44   | 0.34%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                     | Athene Global Funding 5.35 07/09/2027                                                     | CUSIP: 04685A3X7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    732000 | PA      | $743618.61    | 0.06%             | 2027-07-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co LP                                             | Atlas Warehouse Lending Co LP 6.05 01/15/2028                                             | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |   4665000 | PA      | $4724997.50   | 0.41%             | 2028-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd/United Kingdom                  | Australia & New Zealand Banking Group Ltd/United Kingdom (pfd) 6.75% 12/15/2173 Perpetual | CUSIP: 05254HAA2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | EP               | CORP              | GB        |   3860000 | NS      | $3910963.58   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd                                               | Avolon Holdings Funding Ltd 6.38 05/04/2028                                               | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | IE        |    908000 | PA      | $947255.18    | 0.08%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BBCMS 2019-BWAY Mortgage Trust                                            | BBCMS 2019-BWAY Mortgage Trust 6.59                                                       | CUSIP: 05492NAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4370000 | PA      | $38237.50     | 0.00%             | 2034-11-15      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA (pfd) 4.63% 07/12/2173 Perpetual                                           | CUSIP: 05565AB28<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EP               | CORP              | FR        |   5169000 | NS      | $5033488.98   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Bain Capital Specialty Finance Inc                                        | Bain Capital Specialty Finance Inc 5.95 03/15/2030                                        | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1508303.84   | 0.13%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                        | Banco Bilbao Vizcaya Argentaria SA (pfd) 6.13% 02/16/2174 Perpetual                       | CUSIP: 05946KAF8<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EP               | CORP              | ES        |   3000000 | NS      | $2945947.80   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                        | Banco Santander SA 6.53 11/07/2027                                                        | CUSIP: 05964HAX3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   4800000 | PA      | $4928019.46   | 0.43%             | 2027-11-07      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                        | Banco Santander SA 5.37 07/15/2028                                                        | CUSIP: 05964HBF1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2400000 | PA      | $2445387.91   | 0.21%             | 2028-07-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                        | Banco Santander SA (pfd) 4.75% 08/12/2173 Perpetual                                       | CUSIP: 05971KAH2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EP               | CORP              | ES        |   5000000 | NS      | $4859642.00   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco de Credito del Peru S.A.                                            | Banco de Credito del Peru S.A. 3.13 07/01/2030                                            | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |   2960000 | PA      | $2960000.00   | 0.26%             | 2030-07-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                      | Bank of America Corp 5.93 09/15/2027                                                      | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9875000 | PA      | $10049692.01  | 0.87%             | 2027-09-15      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                      | Bank of America Corp 4.98 01/24/2029                                                      | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3550801.17   | 0.31%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                   | Bank of Nova Scotia/The 3.63 10/27/2081                                                   | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1890000 | PA      | $1773062.68   | 0.15%             | 2081-10-27      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                  | JP Morgan Mortgage Trust 2019-5 4.00                                                      | CUSIP: 46591FAR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249417 | PA      | $235802.21    | 0.02%             | 2049-11-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-9                                           | JP Morgan Mortgage Trust 2024-9 5.50                                                      | CUSIP: 46593DAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2610861 | PA      | $2608664.69   | 0.23%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                  | JP Morgan Mortgage Trust 5.50                                                             | CUSIP: 46593VAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3170426 | PA      | $3217832.30   | 0.28%             | 2055-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                  | JP Morgan Mortgage Trust 6.16                                                             | CUSIP: 46593VAH0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4687562 | PA      | $4815184.80   | 0.42%             | 2055-11-25      | Variable      | 6.16%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2014-5                                           | JP Morgan Mortgage Trust 2014-5 2.62                                                      | CUSIP: 46643KAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     37380 | PA      | $36616.02     | 0.00%             | 2029-10-25      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                       | JPMorgan Chase & Co 4.51 10/22/2028                                                       | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1104000 | PA      | $1107514.67   | 0.10%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON           | J.P. Morgan Chase Commercial Mortgage Securities Trust 2018-AON 4.13                      | CUSIP: 46649XAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3575000 | PA      | $3287083.44   | 0.29%             | 2031-07-05      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd                                            | Palmer Square Loan Funding 2025-1 Ltd 5.52                                                | CUSIP: 69704CAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1550000 | PA      | $1542070.36   | 0.13%             | 2033-02-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 4.50 01/23/2026                                                       | CUSIP: 71654QBW1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1444000 | PA      | $1425394.18   | 0.12%             | 2026-01-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 6.50 03/13/2027                                                       | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3085000 | PA      | $3065495.40   | 0.27%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 5.35 02/12/2028                                                       | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1529000 | PA      | $1469187.97   | 0.13%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                       | Petroleos Mexicanos 6.49 01/23/2027                                                       | CUSIP: 71654QDB5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1299000 | PA      | $1293255.69   | 0.11%             | 2027-01-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 3.15 08/15/2030                                         | CUSIP: 720198AE0<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    263000 | PA      | $236081.12    | 0.02%             | 2030-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 9.25 07/20/2028                                         | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1860810.08   | 0.16%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership LP                                         | Piedmont Operating Partnership LP 6.88 07/15/2029                                         | CUSIP: 720198AJ9<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |    336000 | PA      | $354071.12    | 0.03%             | 2029-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                                                | Pinnacle West Capital Corp 5.15 05/15/2030                                                | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   2042000 | PA      | $2091175.63   | 0.18%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2025-1                                   | Provident Funding Mortgage Trust 2025-1 5.50                                              | CUSIP: 74388NAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5368224 | PA      | $5389368.28   | 0.47%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2024-1                                   | Provident Funding Mortgage Trust 2024-1 5.50                                              | CUSIP: 74389BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4800853 | PA      | $4818308.19   | 0.42%             | 2054-12-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Trust 2025-2                                   | Provident Funding Mortgage Trust 2025-2 5.50                                              | CUSIP: 74389DAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4013701 | PA      | $4025370.97   | 0.35%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES2                                             | RCKT Mortgage Trust 2024-CES2 6.14                                                        | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1450755 | PA      | $1462081.78   | 0.13%             | 2044-04-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES4                                             | RCKT Mortgage Trust 2024-CES4 6.15                                                        | CUSIP: 74939FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2118114 | PA      | $2138233.52   | 0.19%             | 2044-06-25      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES8                                             | RCKT Mortgage Trust 2024-CES8 5.49                                                        | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2264156 | PA      | $2270294.54   | 0.20%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES1                                             | RCKT Mortgage Trust 2024-CES1 6.03                                                        | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3458257 | PA      | $3480639.27   | 0.30%             | 2044-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES3                                             | RCKT Mortgage Trust 2024-CES3 6.59                                                        | CUSIP: 74942AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1331073 | PA      | $1349375.64   | 0.12%             | 2044-05-25      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| RATE Mortgage Trust 2024-J3                                               | RATE Mortgage Trust 2024-J3 5.50                                                          | CUSIP: 75409UAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1241214 | PA      | $1241688.93   | 0.11%             | 2054-10-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust 205-J1                                                | Rate Mortgage Trust 205-J1 6.00                                                           | CUSIP: 75410CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2324571 | PA      | $2350702.07   | 0.20%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Rate Mortgage Trust 205-J1                                                | Rate Mortgage Trust 205-J1 5.50                                                           | CUSIP: 75410CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1278514 | PA      | $1285529.83   | 0.11%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RTX Corp                                                                  | RTX Corp 5.75 11/08/2026                                                                  | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3922395.90   | 0.34%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp                                                        | Regal Rexnord Corp 6.05 02/15/2026                                                        | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   4380000 | PA      | $4405963.76   | 0.38%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                         | NatWest Group PLC (pfd) 6.00% 09/30/2173 Perpetual                                        | CUSIP: 780097BQ3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EP               | CORP              | GB        |   2700000 | NS      | $2702314.71   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2024-9                                  | Chase Home Lending Mortgage Trust 2024-9 5.50                                             | CUSIP: 16160QAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1540907 | PA      | $1541726.96   | 0.13%             | 2055-09-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                 | Chesapeake Funding II LLC 5.52                                                            | CUSIP: 165183DE1<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-MBS          | CORP              | US        |   3302395 | PA      | $3336848.89   | 0.29%             | 2036-05-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                       | Citadel Finance LLC 5.90 02/10/2030                                                       | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009915.18   | 0.09%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                    | Citadel Securities Global Holdings LLC 5.50 06/18/2030                                    | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1852334.93   | 0.16%             | 2030-06-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc (pfd) 4.00% 03/10/2174 Perpetual                                            | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2432000 | NS      | $2420940.97   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc (pfd) 3.88% 05/18/2174 Perpetual                                            | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EP               | CORP              | US        |   2785000 | NS      | $2753620.68   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                             | Citigroup Inc 4.64 05/07/2028                                                             | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2915000 | PA      | $2923112.77   | 0.25%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                               | Citibank NA 4.88 11/19/2027                                                               | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   5465000 | PA      | $5499724.50   | 0.48%             | 2027-11-19      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                               | Citibank NA 4.58 05/29/2027                                                               | CUSIP: 17325FBN7<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3319335.06   | 0.29%             | 2027-05-29      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2024-CMI1                                   | Citigroup Mortgage Loan Trust 2024-CMI1 5.50                                              | CUSIP: 17332DAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5100342 | PA      | $5111875.57   | 0.44%             | 2054-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust 2025-3 Trust                                | Citigroup Mortgage Loan Trust 2025-3 Trust 5.50                                           | CUSIP: 17332RAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2963625 | PA      | $2973945.08   | 0.26%             | 2055-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                              | Citizens Financial Group Inc (pfd) 5.65% 10/06/2173 Perpetual                             | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |   3145000 | NS      | $3151524.30   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                                                       | Coinbase Global Inc 3.38 10/01/2028                                                       | CUSIP: 19260QAC1<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   2505000 | PA      | $2350378.88   | 0.20%             | 2028-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Comerica Inc                                                              | Comerica Inc (pfd) 5.63% 10/01/2173 Perpetual                                             | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |   2680000 | NS      | $2680000.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Comerica Inc                                                              | Comerica Inc 5.98 01/30/2030                                                              | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2899417.07   | 0.25%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2022-R09                              | Connecticut Avenue Securities Trust 2022-R09 6.81                                         | CUSIP: 20753DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1078629 | PA      | $1095873.61   | 0.10%             | 2042-09-25      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R02                              | Connecticut Avenue Securities Trust 2024-R02 5.41                                         | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1739021 | PA      | $1739136.02   | 0.15%             | 2044-02-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2023-R04                              | Connecticut Avenue Securities Trust 2023-R04 6.61                                         | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2032478 | PA      | $2076009.43   | 0.18%             | 2043-05-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R03                              | Connecticut Avenue Securities Trust 2024-R03 5.46                                         | CUSIP: 207941AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1495705 | PA      | $1496260.15   | 0.13%             | 2044-03-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2020-5                                           | JP Morgan Mortgage Trust 2020-5 3.00                                                      | CUSIP: 46653JBM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600204 | PA      | $2198020.85   | 0.19%             | 2050-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-7                                           | JP Morgan Mortgage Trust 2023-7 5.50                                                      | CUSIP: 46657DAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3965770 | PA      | $3977937.76   | 0.35%             | 2054-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                        | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3237986 | PA      | $3247251.58   | 0.28%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2024-10                                        | J.P. Morgan Mortgage Trust 2024-10 5.50                                                   | CUSIP: 46658LAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2379866 | PA      | $2378758.33   | 0.21%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                      | PNC Financial Services Group Inc/The 5.10 07/23/2027                                      | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2489193.38   | 0.22%             | 2027-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                               | PNC Bank NA 4.05 07/26/2028                                                               | CUSIP: 69349LAR9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2887715.22   | 0.25%             | 2028-07-26      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PRKCM 2024-HOME1 Trust                                                    | PRKCM 2024-HOME1 Trust 6.43                                                               | CUSIP: 69391XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2068322 | PA      | $2091169.91   | 0.18%             | 2059-05-25      | Variable      | 6.43%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd                                                     | Palmer Square CLO 2024-4 Ltd 5.83                                                         | CUSIP: 69703WAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1825000 | PA      | $1828779.03   | 0.16%             | 2038-01-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Synchrony Bank                                                            | Synchrony Bank 5.63 08/23/2027                                                            | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |    961000 | PA      | $980291.79    | 0.09%             | 2027-08-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Taylor Morrison Communities Inc                                           | Taylor Morrison Communities Inc 5.75 01/15/2028                                           | CUSIP: 87724RAB8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $2239627.32   | 0.19%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                           | Danske Bank A/S 6.26 09/22/2026                                                           | CUSIP: 23636ABE0<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   3383000 | PA      | $3393569.98   | 0.30%             | 2026-09-22      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc                                                       | Delta Air Lines Inc 4.95 07/10/2028                                                       | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1781260.74   | 0.15%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                         | EOG Resources Inc 4.40 07/15/2028                                                         | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    861000 | PA      | $866146.11    | 0.08%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                            | EPR Properties 4.50 06/01/2027                                                            | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2836758.76   | 0.25%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Edison International                                                      | Edison International (pfd) 5.38% 09/15/2173 Perpetual                                     | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | EP               | CORP              | US        |   2386000 | NS      | $2252435.54   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Emera Inc                                                                 | Emera Inc 6.75 06/15/2076                                                                 | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2485000 | PA      | $2506801.65   | 0.22%             | 2076-06-15      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                              | Enbridge Inc 6.00 01/15/2077                                                              | CUSIP: 29250NAN5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3925000 | PA      | $3929437.21   | 0.34%             | 2077-01-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                              | Enbridge Inc 5.90 11/15/2026                                                              | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3054200.76   | 0.27%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Encore Capital Group Inc                                                  | Encore Capital Group Inc 9.25 04/01/2029                                                  | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   2146000 | PA      | $2284809.59   | 0.20%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Essent Group Ltd                                                          | Essent Group Ltd 6.25 07/01/2029                                                          | CUSIP: 29669JAA7<br>LEI: 254900QUO860OUT6ZF83 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2538824.09   | 0.22%             | 2029-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Westar Energy Inc                                                         | Evergy Kansas Central Inc 4.70 03/13/2028                                                 | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   1284000 | PA      | $1299236.64   | 0.11%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| F&G Annuities & Life Inc                                                  | F&G Annuities & Life Inc 6.50 06/04/2029                                                  | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3610000 | PA      | $3724258.77   | 0.32%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust 2021-ESH                                      | Extended Stay America Trust 2021-ESH 5.51                                                 | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3147861 | PA      | $3150633.56   | 0.27%             | 2038-07-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| FREMF 2016-K54 Mortgage Trust                                             | FREMF 2016-K54 Mortgage Trust 4.22                                                        | CUSIP: 30288RAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15773000 | PA      | $15637374.28  | 1.36%             | 2048-04-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| FREMF 2016-K55 Mortgage Trust                                             | FREMF 2016-K55 Mortgage Trust 4.31                                                        | CUSIP: 30289HAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11009000 | PA      | $10926342.23  | 0.95%             | 2049-04-25      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| FREMF 2017-K69 Mortgage Trust                                             | FREMF 2017-K69 Mortgage Trust 3.85                                                        | CUSIP: 30305KAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4920000 | PA      | $4819473.58   | 0.42%             | 2049-10-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                         | Fannie Mae REMICS 4.00                                                                    | CUSIP: 3136ATJJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   7749375 | PA      | $1361182.28   | 0.12%             | 2046-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICS                                                         | Fannie Mae REMICS 6.00                                                                    | CUSIP: 3136AVGN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   4629590 | PA      | $721674.86    | 0.06%             | 2047-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.01                         | CUSIP: 3137BLMZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1069894 | PA      | $1066682.91   | 0.09%             | 2025-07-25      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.12                         | CUSIP: 3137BSRE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6678000 | PA      | $6586111.39   | 0.57%             | 2026-09-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.22                         | CUSIP: 3137BXQY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  10389000 | PA      | $10234007.55  | 0.89%             | 2027-03-25      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.33                         | CUSIP: 3137F1G51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  13100000 | PA      | $12901892.63  | 1.12%             | 2027-05-25      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.00                         | CUSIP: 3137F5LN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4948049 | PA      | $4851510.61   | 0.42%             | 2027-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.24                         | CUSIP: 3137FBBX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6863587 | PA      | $6747153.80   | 0.59%             | 2027-08-25      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Certificates              | Freddie Mac Multifamily Structured Pass Through Certificates 3.29                         | CUSIP: 3137FCLD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7000000 | PA      | $6879083.40   | 0.60%             | 2027-11-25      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                   | GA Global Funding Trust 2.25 01/06/2027                                                   | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   4400000 | PA      | $4249781.27   | 0.37%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                   | GA Global Funding Trust 4.40 09/23/2027                                                   | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   3420000 | PA      | $3414520.34   | 0.30%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2024-INV1                                        | JP Morgan Mortgage Trust 2024-INV1 6.00                                                   | CUSIP: 46658PAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2899994 | PA      | $2934670.84   | 0.26%             | 2055-04-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-5                                    | JP Morgan Mortgage Trust Series 2024-5 6.00                                               | CUSIP: 46658RAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2249340 | PA      | $2256158.10   | 0.20%             | 2054-11-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                                    | Morgan Stanley Bank NA 5.02 01/12/2029                                                    | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4525000 | PA      | $4596347.80   | 0.40%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 6.41 11/01/2029                                                            | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2521355.96   | 0.22%             | 2029-11-01      | Variable      | 6.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley 4.99 04/12/2029                                                            | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1487000 | PA      | $1508832.09   | 0.13%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-1                     | Morgan Stanley Residential Mortgage Loan Trust 2025-1 6.00                                | CUSIP: 617944AE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2171133 | PA      | $2192131.69   | 0.19%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                    | Motorola Solutions Inc 4.85 08/15/2030                                                    | CUSIP: 620076CA5<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1749135.58   | 0.15%             | 2030-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NMI Holdings Inc                                                          | NMI Holdings Inc 6.00 08/15/2029                                                          | CUSIP: 629209AC1<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2368041.75   | 0.21%             | 2029-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| National Bank Canada                                                      | National Bank of Canada 5.60 07/02/2027                                                   | CUSIP: 63307A3A1<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   3150000 | PA      | $3185276.57   | 0.28%             | 2027-07-02      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                               | Nationwide Building Society 4.13 10/18/2032                                               | CUSIP: 63859WAF6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   2738000 | PA      | $2677429.03   | 0.23%             | 2032-10-18      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| New Economy Assets - Phase 1 Sponsor LLC                                  | New Economy Assets - Phase 1 Sponsor LLC 2.41                                             | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4591680.50   | 0.40%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc                                                         | Nexstar Media Inc 5.63 07/15/2027                                                         | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2765306.48   | 0.24%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                           | Nordea Bank Abp (pfd) 6.63% 09/26/2173 Perpetual                                          | CUSIP: 65559CAA9<br>LEI: 529900ODI3047E2LIV03 | Long             | EP               | CORP              | FI        |   5700000 | NS      | $5747025.00   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                       | Northern Trust Corp 3.38 05/08/2032                                                       | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2865150.27   | 0.25%             | 2032-05-08      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| Nuveen Churchill Direct Lending Corp                                      | Nuveen Churchill Direct Lending Corp 6.65 03/15/2030                                      | CUSIP: 67090SAA6<br>LEI: 254900X3ULEP6XX7HG39 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1597762.10   | 0.14%             | 2030-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp                                                     | ON Semiconductor Corp 3.88 09/01/2028                                                     | CUSIP: 682189AQ8<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   2527000 | PA      | $2446689.41   | 0.21%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| One Market Plaza Trust 2017-1MKT                                          | One Market Plaza Trust 2017-1MKT 3.85                                                     | CUSIP: 68245HAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3533000 | PA      | $3293338.59   | 0.29%             | 2032-02-10      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 3.75 07/22/2025                                                     | CUSIP: 69121KAC8<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   2842000 | PA      | $2839826.21   | 0.25%             | 2025-07-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 3.40 07/15/2026                                                     | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2952547.77   | 0.26%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 2.88 06/11/2028                                                     | CUSIP: 69121KAG9<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    585000 | PA      | $545142.97    | 0.05%             | 2028-06-11      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp                                                     | Blue Owl Capital Corp 5.95 03/15/2029                                                     | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    590000 | PA      | $593229.99    | 0.05%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TEGNA Inc                                                                 | TEGNA Inc 4.75 03/15/2026                                                                 | CUSIP: 87901JAF2<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   2585000 | PA      | $2582752.34   | 0.22%             | 2026-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                                                     | Tenet Healthcare Corp 6.25 02/01/2027                                                     | CUSIP: 88033GDS6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3001759.35   | 0.26%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                              | Thermo Fisher Scientific Inc 5.00 12/05/2026                                              | CUSIP: 883556CZ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   4600000 | PA      | $4650918.92   | 0.40%             | 2026-12-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                                 | Toronto-Dominion Bank/The 8.13 10/31/2082                                                 | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4385000 | PA      | $4590687.20   | 0.40%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2024-1                                          | Towd Point Mortgage Trust 2024-1 4.82                                                     | CUSIP: 89182NAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3885150 | PA      | $3949169.16   | 0.34%             | 2064-03-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust 2024-CES1                                       | Towd Point Mortgage Trust 2024-CES1 5.85                                                  | CUSIP: 89183CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2743040 | PA      | $2755158.64   | 0.24%             | 2064-01-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                             | TransDigm Inc 4.63 01/15/2029                                                             | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1168476.46   | 0.10%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                             | TransDigm Inc 4.88 05/01/2029                                                             | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1185000 | PA      | $1165164.29   | 0.10%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TransDigm Inc                                                             | TRANSDIGM INC 2024 TERM LOAN I                                                            | CUSIP: 89364MCC6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |    992462 | PA      | $997087.35    | 0.09%             | 2028-08-24      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes 2020-SFR2 Trust                                     | Tricon American Homes 2020-SFR2 Trust 2.03                                                | CUSIP: 89613JAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1686066.84   | 0.15%             | 2039-11-17      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                               | Truist Bank 4.67 05/20/2027                                                               | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2283738.40   | 0.20%             | 2027-05-20      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG (pfd) 9.25% 05/13/2174 Perpetual                                             | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EP               | CORP              | CH        |   5285000 | NS      | $5781652.59   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| US Bank NA/Cincinnati OH                                                  | US Bank NA/Cincinnati OH 4.51 10/22/2027                                                  | CUSIP: 90331HPP2<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3304300.89   | 0.29%             | 2027-10-22      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 0.88 09/30/2026                                          | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $963437.50    | 0.08%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 1.38 12/31/2028                                          | CUSIP: 91282CDP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6468164.08   | 0.56%             | 2028-12-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 2.38 03/31/2029                                          | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6671328.16   | 0.58%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.88 12/31/2029                                          | CUSIP: 91282CGB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $11048984.32  | 0.96%             | 2029-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.00 06/30/2028                                          | CUSIP: 91282CHK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1008710.94   | 0.09%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.63 09/30/2028                                          | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $7195507.83   | 0.63%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 3.75 12/31/2028                                          | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70000000 | PA      | $70079296.70  | 6.10%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.25 03/31/2029                                          | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  79000000 | PA      | $80086250.00  | 6.97%             | 2029-03-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                            | United States Treasury Inflation Indexed Bonds 2.13 04/15/2029                            | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2592850 | PA      | $2663226.33   | 0.23%             | 2029-04-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| U.S. TREASURY                                                             | United States Treasury Note/Bond 4.25 06/30/2029                                          | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10188476.60  | 0.89%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** American Century Investment Trust

**Signature:** Amy R. Bitter

**Name of Signer:** Amy R. Bitter

**Title:** Assistant Treasurer