# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0000894189-26-002742
**Filing Date:** 2026-1
**Character Count:** 194193
**Document Hash:** 2b4a6f2cf256adcc45458bb882b048c4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002742.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000894189-26-002742

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUST FOR PROFESSIONAL MANAGERS
- **CENTRAL INDEX KEY:** 0001141819

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 26575133

**BUSINESS ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4147655067

**MAIL ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZODIAC TRUST
- **DATE OF NAME CHANGE:** 20010601

## Series and Classes Contracts Data

### Performance Trust Multisector Bond Fund (Series ID: S000070558)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000224122 | Performance Trust Multisector Bond Fund - Institutional Class | PTCRX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Performance Trust Multisector Bond Fund** | **Performance Trust Multisector Bond Fund** | **Performance Trust Multisector Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 39.7%** | **Par** | **Value**  |
| **Aerospace & Defense - 0.8%** | **Aerospace & Defense - 0.8%** | **Aerospace & Defense - 0.8%** |
|  Moog, Inc., 4.25%, 12/15/2027 <sup>(a)</sup> | $1320000 | $1313403 |
| TransDigm, Inc. | TransDigm, Inc. | TransDigm, Inc. |
| &nbsp;&nbsp; 6.63%, 03/01/2032 <sup>(a)</sup> | 1000000 | 1040623 |
| &nbsp;&nbsp; 6.38%, 05/31/2033 <sup>(a)</sup> | 500000 | 513748 |
| &nbsp;&nbsp; 6.75%, 01/31/2034 <sup>(a)</sup> | 250000 | 261377 |
|  |  | 3129151 |
| **Automobile Components - 1.3%** | **Automobile Components - 1.3%** | **Automobile Components - 1.3%** |
|  Aptiv Swiss Holdings Ltd., 5.15%, 09/13/2034 | 1500000 | 1521128 |
|  Dana, Inc., 5.63%, 06/15/2028 | 1250000 | 1251500 |
|  Garrett Motion Holdings, Inc., 7.75%, 05/31/2032 <sup>(a)</sup> | 1000000 | 1057731 |
|  Phinia, Inc., 6.63%, 10/15/2032 <sup>(a)</sup> | 1250000 | 1298892 |
|  |  | 5129251 |
| **Automobiles - 0.3%** | **Automobiles - 0.3%** | **Automobiles - 0.3%** |
|  Thor Industries, Inc., 4.00%, 10/15/2029 <sup>(a)</sup> | 1250000 | 1197879 |
| **Banks - 11.6%** | **Banks - 11.6%** | **Banks - 11.6%** |
|  Bank of America Corp., 5.74% to 02/12/2035 then SOFR + 1.70%, 02/12/2036 | 500000 | 525719 |
|  Bank OZK, 2.75% to 10/01/2026 then 3 mo. Term SOFR + 2.09%, 10/01/2031 | 1500000 | 1414965 |
|  Barclays PLC, 6.13% to 06/15/2026 then 5 yr. CMT Rate + 5.87%, Perpetual | 2000000 | 2003008 |
|  BOKF NA, 6.11% to 11/06/2035 then 5 yr. CMT Rate + 2.00%, 11/06/2040 | 1250000 | 1274134 |
|  BPCE SA, 6.51% to 01/18/2034 then SOFR + 2.79%, 01/18/2035 <sup>(a)</sup> | 1500000 | 1605490 |
|  Byline Bancorp, Inc., 6.88% to 08/15/2030 then 3 mo. Term SOFR + 3.22%, 08/15/2035 <sup>(a)</sup> | 1750000 | 1799954 |
|  CNB Financial Corp., 3.25% to 06/15/2026 then 3 mo. Term SOFR + 2.58%, 06/15/2031 <sup>(a)</sup> | 1000000 | 960693 |
|  Commonwealth Bank of Australia, 5.93% to 03/14/2045 then 1 yr. CMT Rate + 1.32%, 03/14/2046 <sup>(a)</sup> | 1000000 | 1038748 |
|  Deutsche Bank AG, 7.08% to 02/10/2033 then SOFR + 3.65%, 02/10/2034 | 1000000 | 1100255 |
|  Equity Bancshares, Inc., 7.13% to 08/01/2030 then SOFR + 3.49%, 08/01/2035 | 1250000 | 1282541 |
|  Fifth Third Bancorp, 8.25%, 03/01/2038 | 1000000 | 1239525 |
|  First Busey Corp., 5.00% to 06/15/2027 then 3 mo. Term SOFR + 2.52%, 06/15/2032 | 1000000 | 963408 |
|  First Citizens BancShares, Inc./NC, 6.25% to 03/12/2035 then 5 yr. CMT Rate + 1.97%, 03/12/2040 | 2000000 | 2046880 |
|  First Financial Bancorp, 6.38% to 12/01/2030 then 3 mo. Term SOFR + 3.00%, 12/01/2035 | 1750000 | 1768725 |
|  First Financial Bancorp., 8.96% (3 mo. Term SOFR + 5.09%), 05/15/2030 | 1275000 | 1273216 |
|  First Interstate BancSystem, Inc., 7.63% to 06/15/2030 then 3 mo. Term SOFR + 3.98%, 06/15/2035 | 1000000 | 1047500 |
|  First National of Nebraska, Inc., 7.25% to 06/15/2030 then 3 mo. Term SOFR + 3.61%, 06/15/2035 <sup>(a)</sup> | 1550000 | 1614089 |
|  FNB Corp./PA, 5.72% to 12/11/2029 then SOFR + 1.93%, 12/11/2030 | 1000000 | 1022844 |
|  Home BancShares, Inc., 3.13% to 01/30/2027 then 3 mo. Term SOFR + 1.82%, 01/30/2032 | 1500000 | 1372400 |
|  Independent Bank Corp., 7.25% to 04/01/2030 then 3 mo. Term SOFR + 3.53%, 04/01/2035 | 1500000 | 1571198 |
|  National Australia Bank Ltd., 3.35% to 01/12/2032 then 5 yr. CMT Rate + 1.70%, 01/12/2037 <sup>(a)</sup> | 1000000 | 921128 |
|  Nicolet Bankshares, Inc., 3.13% to 07/15/2026 then 3 mo. Term SOFR + 2.38%, 07/15/2031 | 1000000 | 941467 |
|  Regions Bank, 6.45%, 06/26/2037 | 1250000 | 1367069 |
| Renasant Corp. | Renasant Corp. | Renasant Corp. |
| &nbsp;&nbsp; 3.00% to 12/01/2026 then 3 mo. Term SOFR + 1.91%, 12/01/2031 | 1000000 | 932500 |
| &nbsp;&nbsp; 4.50% to 09/15/2030 then 3 mo. Term SOFR + 4.03%, 09/15/2035 | 2000000 | 1867426 |
|  Simmons First National Corp., 6.25% to 10/01/2030 then 3 mo. Term SOFR + 3.02%, 10/01/2035 | 2000000 | 2029080 |
|  Southside Bancshares, Inc., 7.00% to 08/15/2030 then 3 mo. Term SOFR + 3.57%, 08/15/2035 | 1950000 | 2000676 |
|  SouthState Corp., 7.00% to 06/13/2030 then SOFR + 3.19%, 06/13/2035 | 1100000 | 1157924 |
|  Synovus Financial Corp., 7.54% to 02/07/2029 then 5 yr. Mid Swap Rate USD + 3.38%, 02/07/2029 | 1000000 | 1046215 |
|  Texas Capital Bancshares, Inc., 4.00% to 05/06/2026 then 5 yr. CMT Rate + 3.15%, 05/06/2031 | 1000000 | 985327 |
|  Towne Bank, 3.13% to 02/15/2027 then 3 mo. Term SOFR + 1.68%, 02/15/2032 | 1250000 | 1134388 |
| Trustmark Corp. | Trustmark Corp. | Trustmark Corp. |
| &nbsp;&nbsp; 3.63% to 12/01/2025 then 3 mo. Term SOFR + 3.39%, 12/01/2030 | 1000000 | 1000000 |
| &nbsp;&nbsp; 6.00% to 12/01/2030 then 3 mo. Term SOFR + 2.60%, 12/01/2035 | 2000000 | 2007353 |
|  Wintrust Financial Corp., 4.85%, 06/06/2029 | 1250000 | 1242170 |
|  WSFS Financial Corp., 2.75% to 12/15/2025 then 3 mo. Term SOFR + 2.49%, 12/15/2030 | 1000000 | 999250 |
|  |  | 46557265 |
| **Building Products - 0.9%** | **Building Products - 0.9%** | **Building Products - 0.9%** |
| Builders FirstSource, Inc. | Builders FirstSource, Inc. | Builders FirstSource, Inc. |
| &nbsp;&nbsp; 5.00%, 03/01/2030 <sup>(a)</sup> | 1750000 | 1744159 |
| &nbsp;&nbsp; 6.75%, 05/15/2035 <sup>(a)</sup> | 250000 | 263986 |
|  Masterbrand, Inc., 7.00%, 07/15/2032 <sup>(a)</sup> | 750000 | 774671 |
|  Standard Building Solutions, Inc., 6.25%, 08/01/2033 <sup>(a)</sup> | 750000 | 769789 |
|  |  | 3552605 |
| **Capital Markets - 0.5%** | **Capital Markets - 0.5%** | **Capital Markets - 0.5%** |
| Ares Capital Corp. | Ares Capital Corp. | Ares Capital Corp. |
| &nbsp;&nbsp; 3.20%, 11/15/2031 | 1000000 | 886177 |
| &nbsp;&nbsp; 5.80%, 03/08/2032 | 1250000 | 1264609 |
|  |  | 2150786 |
| **Chemicals - 0.3%** | **Chemicals - 0.3%** | **Chemicals - 0.3%** |
|  Avient Corp., 6.25%, 11/01/2031 <sup>(a)</sup> | 1250000 | 1276853 |
| **Commercial Services & Supplies - 0.5%** | **Commercial Services & Supplies - 0.5%** | **Commercial Services & Supplies - 0.5%** |
|  ADT Security Corp., 5.88%, 10/15/2033 <sup>(a)</sup> | 1000000 | 1017455 |
|  Cimpress PLC, 7.38%, 09/15/2032 <sup>(a)</sup> | 1000000 | 1021332 |
|  |  | 2038787 |
| **Construction & Engineering - 0.0%<sup>(b)</sup>** | **Construction & Engineering - 0.0%<sup>(b)</sup>** | **Construction & Engineering - 0.0%<sup>(b)</sup>** |
|  AECOM, 6.00%, 08/01/2033 <sup>(a)</sup> | 100000 | 102872 |
| **Construction Materials - 0.1%** | **Construction Materials - 0.1%** | **Construction Materials - 0.1%** |
|  Quikrete Holdings, Inc., 6.75%, 03/01/2033 <sup>(a)</sup> | 500000 | 521053 |
| **Consumer Finance - 2.7%** | **Consumer Finance - 2.7%** | **Consumer Finance - 2.7%** |
|  Ally Financial, Inc., 6.70%, 02/14/2033 | 2250000 | 2357061 |
|  Credit Acceptance Corp., 6.63%, 03/15/2030 <sup>(a)</sup> | 1250000 | 1243257 |
| Ford Motor Credit Co., LLC | Ford Motor Credit Co., LLC | Ford Motor Credit Co., LLC |
| &nbsp;&nbsp; 7.35%, 03/06/2030 | 1000000 | 1073643 |
| &nbsp;&nbsp; 7.12%, 11/07/2033 | 1750000 | 1886801 |
|  General Motors Financial Co., Inc., 5.95%, 04/04/2034 | 1250000 | 1316171 |
| OneMain Finance Corp. | OneMain Finance Corp. | OneMain Finance Corp. |
| &nbsp;&nbsp; 5.38%, 11/15/2029 | 1750000 | 1748706 |
| &nbsp;&nbsp; 6.13%, 05/15/2030 | 250000 | 254222 |
| &nbsp;&nbsp; 6.50%, 03/15/2033 | 1000000 | 1005660 |
|  |  | 10885521 |
| **Containers & Packaging - 0.5%** | **Containers & Packaging - 0.5%** | **Containers & Packaging - 0.5%** |
|  Ball Corp., 5.50%, 09/15/2033 | 800000 | 815628 |
|  Sealed Air Corp., 5.00%, 04/15/2029 <sup>(a)</sup> | 1000000 | 1007734 |
|  |  | 1823362 |
| **Diversified Consumer Services - 1.6%** | **Diversified Consumer Services - 1.6%** | **Diversified Consumer Services - 1.6%** |
|  Case Western Reserve University, 5.41%, 06/01/2122 | 1100000 | 1043901 |
|  Claremont Mckenna College, 3.78%, 01/01/2122 | 1500000 | 1007108 |
|  Massachusetts Institute of Technology, 4.68%, 07/01/2114 | 1000000 | 856624 |
|  Service Corp. International, 4.00%, 05/15/2031 | 1000000 | 955613 |
|  University of Southern California, 3.23%, 10/01/2120 | 2200000 | 1312496 |
|  Washington University, 4.35%, 04/15/2122 | 1500000 | 1163013 |
|  |  | 6338755 |
| **Diversified REITs - 0.2%** | **Diversified REITs - 0.2%** | **Diversified REITs - 0.2%** |
|  Global Net Lease, Inc., 3.75%, 12/15/2027 <sup>(a)</sup> | 750000 | 728518 |
| **Diversified Telecommunication Services - 0.3%** | **Diversified Telecommunication Services - 0.3%** | **Diversified Telecommunication Services - 0.3%** |
|  Verizon Communications, Inc., 5.75%, 11/30/2045 | 1000000 | 1009248 |
| **Electrical Equipment - 0.8%** | **Electrical Equipment - 0.8%** | **Electrical Equipment - 0.8%** |
|  Regal Rexnord Corp., 6.40%, 04/15/2033 | 1000000 | 1079049 |
|  Sensata Technologies BV, 4.00%, 04/15/2029 <sup>(a)</sup> | 865000 | 845486 |
|  Sensata Technologies, Inc., 4.38%, 02/15/2030 <sup>(a)</sup> | 1250000 | 1221809 |
|  |  | 3146344 |
| **Financial Services - 1.0%** | **Financial Services - 1.0%** | **Financial Services - 1.0%** |
|  American AgCredit Corp., 5.25% to 06/15/2026 then 5 yr. CMT Rate + 4.50%, Perpetual <sup>(a)</sup> | 1500000 | 1466933 |
|  Compeer Financial ACA, 7.88% to 02/15/2031 then 5 yr. CMT Rate + 4.16%, Perpetual <sup>(a)</sup> | 1375000 | 1384161 |
|  Compeer Financial FLCA, 3.38% to 06/01/2031 then SOFR + 1.97%, 06/01/2036 <sup>(a)</sup> | 250000 | 202995 |
|  Global Payments, Inc., 5.55%, 11/15/2035 | 750000 | 749791 |
|  |  | 3803880 |
| **Food Products - 0.5%** | **Food Products - 0.5%** | **Food Products - 0.5%** |
|  Mars, Inc., 5.80%, 05/01/2065 <sup>(a)</sup> | 1000000 | 1027664 |
|  Post Holdings, Inc., 6.25%, 10/15/2034 <sup>(a)</sup> | 1000000 | 1018142 |
|  |  | 2045806 |
| **Healthcare Equipment & Supplies - 0.1%** | **Healthcare Equipment & Supplies - 0.1%** | **Healthcare Equipment & Supplies - 0.1%** |
|  Teleflex, Inc., 4.25%, 06/01/2028 <sup>(a)</sup> | 250000 | 246812 |
| **Healthcare Providers & Services - 1.2%** | **Healthcare Providers & Services - 1.2%** | **Healthcare Providers & Services - 1.2%** |
| Centene Corp. | Centene Corp. | Centene Corp. |
| &nbsp;&nbsp; 4.63%, 12/15/2029 | 1000000 | 967545 |
| &nbsp;&nbsp; 3.38%, 02/15/2030 | 2250000 | 2069858 |
| Molina Healthcare, Inc. | Molina Healthcare, Inc. | Molina Healthcare, Inc. |
| &nbsp;&nbsp; 4.38%, 06/15/2028 <sup>(a)</sup> | 1250000 | 1217351 |
| &nbsp;&nbsp; 6.50%, 02/15/2031 <sup>(a)</sup> | 500000 | 511382 |
|  |  | 4766136 |
| **Hotel & Resort REITs - 0.3%** | **Hotel & Resort REITs - 0.3%** | **Hotel & Resort REITs - 0.3%** |
|  Host Hotels & Resorts LP, 5.70%, 07/01/2034 | 1000000 | 1036639 |
| **Hotels, Restaurants & Leisure - 2.6%** | **Hotels, Restaurants & Leisure - 2.6%** | **Hotels, Restaurants & Leisure - 2.6%** |
|  Bloomin' Brands, Inc., 5.13%, 04/15/2029 <sup>(a)</sup> | 1250000 | 1121673 |
|  Choice Hotels International, Inc., 5.85%, 08/01/2034 | 1500000 | 1542481 |
|  Hilton Grand Vacations Borrower LLC, Inc., 4.88%, 07/01/2031 <sup>(a)</sup> | 1000000 | 927098 |
|  Light & Wonder International, Inc., 6.25%, 10/01/2033 <sup>(a)</sup> | 500000 | 503385 |
|  Marriott Ownership Resorts, Inc., 6.50%, 10/01/2033 <sup>(a)</sup> | 1750000 | 1665431 |
|  Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp., 4.88%, 05/01/2029 <sup>(a)</sup> | 1750000 | 1714378 |
| Station Casinos, LLC | Station Casinos, LLC | Station Casinos, LLC |
| &nbsp;&nbsp; 4.50%, 02/15/2028 <sup>(a)</sup> | 1000000 | 990303 |
| &nbsp;&nbsp; 6.63%, 03/15/2032 <sup>(a)</sup> | 500000 | 512409 |
|  Wyndham Hotels & Resorts, Inc., 4.38%, 08/15/2028 <sup>(a)</sup> | 1500000 | 1481242 |
|  |  | 10458400 |
| **Household Durables - 2.4%** | **Household Durables - 2.4%** | **Household Durables - 2.4%** |
| Ashton Woods USA, LLC | Ashton Woods USA, LLC | Ashton Woods USA, LLC |
| &nbsp;&nbsp; 4.63%, 04/01/2030 <sup>(a)</sup> | 500000 | 473780 |
| &nbsp;&nbsp; 6.88%, 08/01/2033 <sup>(a)</sup> | 1000000 | 1006015 |
|  Century Communities, Inc., 3.88%, 08/15/2029 <sup>(a)</sup> | 1500000 | 1428571 |
|  Installed Building Products, Inc., 5.75%, 02/01/2028 <sup>(a)</sup> | 1250000 | 1256680 |
|  K Hovnanian Enterprises, Inc., 8.00%, 04/01/2031 <sup>(a)</sup> | 500000 | 514950 |
| M/I Homes, Inc. | M/I Homes, Inc. | M/I Homes, Inc. |
| &nbsp;&nbsp; 4.95%, 02/01/2028 | 500000 | 498973 |
| &nbsp;&nbsp; 3.95%, 02/15/2030 | 1500000 | 1440843 |
|  Meritage Homes Corp., 5.65%, 03/15/2035 | 1500000 | 1540392 |
|  Newell Brands, Inc., 6.63%, 05/15/2032 | 1000000 | 944142 |
|  Taylor Morrison Communities, Inc., 5.75%, 11/15/2032 <sup>(a)</sup> | 250000 | 257837 |
|  TopBuild Corp., 5.63%, 01/31/2034 <sup>(a)</sup> | 250000 | 253602 |
|  |  | 9615785 |
| **Interactive Media & Services - 0.2%** | **Interactive Media & Services - 0.2%** | **Interactive Media & Services - 0.2%** |
|  Meta Platforms, Inc., 5.50%, 11/15/2045 | 1000000 | 1000920 |
| **IT Services - 0.2%** | **IT Services - 0.2%** | **IT Services - 0.2%** |
|  ASGN, Inc., 4.63%, 05/15/2028 <sup>(a)</sup> | 1000000 | 981034 |
| **Life Sciences Tools & Services - 0.9%** | **Life Sciences Tools & Services - 0.9%** | **Life Sciences Tools & Services - 0.9%** |
|  Avantor Funding, Inc., 4.63%, 07/15/2028 <sup>(a)</sup> | 250000 | 247839 |
| Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc. |
| &nbsp;&nbsp; 3.75%, 03/15/2029 <sup>(a)</sup> | 1750000 | 1689881 |
| &nbsp;&nbsp; 4.00%, 03/15/2031 <sup>(a)</sup> | 500000 | 473442 |
|  Icon Investments Six DAC, 6.00%, 05/08/2034 | 500000 | 530476 |
|  IQVIA, Inc., 6.25%, 06/01/2032 <sup>(a)</sup> | 500000 | 523607 |
|  |  | 3465245 |
| **Machinery - 0.5%** | **Machinery - 0.5%** | **Machinery - 0.5%** |
| Allison Transmission, Inc. | Allison Transmission, Inc. | Allison Transmission, Inc. |
| &nbsp;&nbsp; 4.75%, 10/01/2027 <sup>(a)</sup> | 250000 | 249800 |
| &nbsp;&nbsp; 5.88%, 06/01/2029 <sup>(a)</sup> | 250000 | 254297 |
| &nbsp;&nbsp; 5.88%, 12/01/2033 <sup>(a)</sup> | 750000 | 757305 |
|  Wabash National Corp., 4.50%, 10/15/2028 <sup>(a)</sup> | 1000000 | 916592 |
|  |  | 2177994 |
| **Media - 0.9%** | **Media - 0.9%** | **Media - 0.9%** |
|  CCO Holdings Capital Corp., 4.25%, 01/15/2034 <sup>(a)</sup> | 1000000 | 848308 |
| Charter Communications Operating, LLC | Charter Communications Operating, LLC | Charter Communications Operating, LLC |
| &nbsp;&nbsp; 5.85%, 12/01/2035 | 750000 | 752066 |
| &nbsp;&nbsp; 3.50%, 03/01/2042 | 1000000 | 702338 |
| Sirius XM Radio LLC | Sirius XM Radio LLC | Sirius XM Radio LLC |
| &nbsp;&nbsp; 4.00%, 07/15/2028 <sup>(a)</sup> | 700000 | 682950 |
| &nbsp;&nbsp; 3.88%, 09/01/2031 <sup>(a)</sup> | 750000 | 684564 |
|  |  | 3670226 |
| **Personal Care Products - 0.1%** | **Personal Care Products - 0.1%** | **Personal Care Products - 0.1%** |
|  Coty, Inc./HFC Prestige Products, Inc./HFC Prestige International US LLC, 5.60%, 01/15/2031 <sup>(a)</sup> | 500000 | 503699 |
| **Pharmaceuticals - 0.1%** | **Pharmaceuticals - 0.1%** | **Pharmaceuticals - 0.1%** |
|  Amneal Pharmaceuticals LLC, 6.88%, 08/01/2032 <sup>(a)</sup> | 250000 | 264382 |
| **Professional Services - 1.9%** | **Professional Services - 1.9%** | **Professional Services - 1.9%** |
|  Amentum Holdings, Inc., 7.25%, 08/01/2032 <sup>(a)</sup> | 1500000 | 1575686 |
| Booz Allen Hamilton, Inc. | Booz Allen Hamilton, Inc. | Booz Allen Hamilton, Inc. |
| &nbsp;&nbsp; 5.95%, 08/04/2033 | 1000000 | 1053084 |
| &nbsp;&nbsp; 5.95%, 04/15/2035 | 1750000 | 1820347 |
|  CACI International, Inc., 6.38%, 06/15/2033 <sup>(a)</sup> | 250000 | 260939 |
| Science Applications International Corp. | Science Applications International Corp. | Science Applications International Corp. |
| &nbsp;&nbsp; 4.88%, 04/01/2028 <sup>(a)</sup> | 2500000 | 2484928 |
| &nbsp;&nbsp; 5.88%, 11/01/2033 <sup>(a)</sup> | 250000 | 249209 |
|  |  | 7444193 |
| **Real Estate Management & Development - 0.3%** | **Real Estate Management & Development - 0.3%** | **Real Estate Management & Development - 0.3%** |
|  Cushman & Wakefield US Borrower, LLC, 8.88%, 09/01/2031 <sup>(a)</sup> | 1000000 | 1073010 |
| **Semiconductors & Semiconductor Equipment - 0.1%** | **Semiconductors & Semiconductor Equipment - 0.1%** | **Semiconductors & Semiconductor Equipment - 0.1%** |
|  Amkor Technology, Inc., 5.88%, 10/01/2033 <sup>(a)</sup> | 250000 | 254817 |
| **Software - 0.8%** | **Software - 0.8%** | **Software - 0.8%** |
|  Open Text Corp., 3.88%, 02/15/2028 <sup>(a)</sup> | 1000000 | 976224 |
|  Oracle Corp., 5.88%, 09/26/2045 | 2250000 | 2122875 |
|  |  | 3099099 |
| **Specialty Retail - 2.1%** | **Specialty Retail - 2.1%** | **Specialty Retail - 2.1%** |
| Asbury Automotive Group, Inc. | Asbury Automotive Group, Inc. | Asbury Automotive Group, Inc. |
| &nbsp;&nbsp; 4.75%, 03/01/2030 | 500000 | 491301 |
| &nbsp;&nbsp; 5.00%, 02/15/2032 <sup>(a)</sup> | 1750000 | 1704594 |
|  AutoNation, Inc., 5.89%, 03/15/2035 | 1750000 | 1827797 |
|  Ken Garff Automotive, LLC, 4.88%, 09/15/2028 <sup>(a)</sup> | 2250000 | 2246699 |
| Lithia Motors, Inc. | Lithia Motors, Inc. | Lithia Motors, Inc. |
| &nbsp;&nbsp; 3.88%, 06/01/2029 <sup>(a)</sup> | 1250000 | 1205399 |
| &nbsp;&nbsp; 4.38%, 01/15/2031 <sup>(a)</sup> | 1000000 | 960518 |
|  |  | 8436308 |
| **Technology Hardware, Storage & Peripherals - 0.4%** | **Technology Hardware, Storage & Peripherals - 0.4%** | **Technology Hardware, Storage & Peripherals - 0.4%** |
|  Dell International LLC / EMC Corp., 5.10%, 02/15/2036 | 500000 | 499524 |
|  Dell International, LLC, 8.10%, 07/15/2036 | 1000000 | 1220052 |
|  |  | 1719576 |
| **Textiles, Apparel & Luxury Goods - 0.3%** | **Textiles, Apparel & Luxury Goods - 0.3%** | **Textiles, Apparel & Luxury Goods - 0.3%** |
|  Wolverine World Wide, Inc., 4.00%, 08/15/2029 <sup>(a)</sup> | 1500000 | 1376934 |
| **Trading Companies & Distributors - 0.4%** | **Trading Companies & Distributors - 0.4%** | **Trading Companies & Distributors - 0.4%** |
|  Herc Holdings, Inc., 7.00%, 06/15/2030 <sup>(a)</sup> | 500000 | 525266 |
|  Synergy Infrastructure Holdings LLC, 7.88%, 12/01/2030 <sup>(a)</sup> | 1000000 | 1032784 |
|  |  | 1558050 |
| **TOTAL CORPORATE BONDS** (Cost $153,169,686) | **TOTAL CORPORATE BONDS** (Cost $153,169,686) | 158587195 |
| **COLLATERALIZED LOAN OBLIGATIONS - 16.9%** | **Par** | **Value**  |
|  Alinea CLO, Series 2018-1A, Class DR, 6.13% (3 mo. Term SOFR + 2.25%), 07/20/2031 <sup>(a)</sup> | 1200000 | 1197952 |
|  Allegany Park CLO Ltd., Series 2019-1A, Class DRR, 6.73% (3 mo. Term SOFR + 2.85%), 01/20/2035 <sup>(a)</sup> | 2000000 | 1976908 |
| Apidos CLO | Apidos CLO | Apidos CLO |
| &nbsp;&nbsp; Series 2012-11A, Class ER4, 9.88% (3 mo. Term SOFR + 6.00%), 04/17/2034 <sup>(a)</sup> | 1591143 | 1592298 |
| &nbsp;&nbsp; Series 2015-23A, Class DRR, 6.50% (3 mo. Term SOFR + 2.60%), 04/15/2033 <sup>(a)</sup> | 2000000 | 1999864 |
| &nbsp;&nbsp; Series 2019-31A, Class ER, 10.77% (3 mo. Term SOFR + 6.86%), 04/15/2031 <sup>(a)</sup> | 1000000 | 1003464 |
| &nbsp;&nbsp; Series 2022-39A, Class D2R, 7.77% (3 mo. Term SOFR + 3.60%), 10/21/2038 <sup>(a)</sup> | 1000000 | 999897 |
| &nbsp;&nbsp; Series 2022-41A, Class ER, 9.53% (3 mo. Term SOFR + 5.65%), 10/20/2037 <sup>(a)</sup> | 1000000 | 1010197 |
| &nbsp;&nbsp; Series 2023-46A, Class D2R, 7.46% (3 mo. Term SOFR + 3.55%), 10/24/2038 <sup>(a)</sup> | 1000000 | 1003321 |
| ARES CLO | ARES CLO | ARES CLO |
| &nbsp;&nbsp; Series 2017-44A, Class CRR, 6.65% (3 mo. Term SOFR + 2.75%), 04/15/2034 <sup>(a)</sup> | 2000000 | 2002678 |
| &nbsp;&nbsp; Series 2019-52A, Class DRR, 6.36% (3 mo. Term SOFR + 2.50%), 04/22/2031 <sup>(a)</sup> | 1250000 | 1252283 |
| &nbsp;&nbsp; Series 2019-53A, Class D1R2, 10.00% (3 mo. Term SOFR + 2.45%), 10/24/2036 <sup>(a)</sup> | 1200000 | 1200000 |
| &nbsp;&nbsp; Series 2022-64A, Class ER, 10.40% (3 mo. Term SOFR + 6.50%), 10/24/2039 <sup>(a)</sup> | 1000000 | 1007295 |
|  Bardot CLO, Series 2019-2A, Class DRR, 6.36% (3 mo. Term SOFR + 2.50%), 10/22/2032 <sup>(a)</sup> | 1250000 | 1243233 |
|  Basswood Park CLO Ltd., Series 2021-1A, Class DR, 6.53% (3 mo. Term SOFR + 2.65%), 04/20/2034 <sup>(a)</sup> | 1250000 | 1238146 |
|  Blackstone, Inc., Series 2018-1A, Class E, 9.54% (3 mo. Term SOFR + 5.66%), 04/17/2030 <sup>(a)</sup> | 1000000 | 1000000 |
| Carlyle Global Market Strategies | Carlyle Global Market Strategies | Carlyle Global Market Strategies |
| &nbsp;&nbsp; Series 2019-1A, Class CR2, 6.48% (3 mo. Term SOFR + 2.60%), 04/20/2031 <sup>(a)</sup> | 1000000 | 998268 |
| &nbsp;&nbsp; Series 2019-3A, Class DRR, 11.22% (3 mo. Term SOFR + 7.34%), 04/20/2037 <sup>(a)</sup> | 1050000 | 1062344 |
| Carlyle Group, Inc. | Carlyle Group, Inc. | Carlyle Group, Inc. |
| &nbsp;&nbsp; Series 2015-4A, Class CR2, 6.43% (3 mo. Term SOFR + 2.55%), 07/20/2032 <sup>(a)</sup> | 1000000 | 999934 |
| &nbsp;&nbsp; Series 2015-5A, Class CR4, 6.33% (3 mo. Term SOFR + 2.45%), 01/20/2032 <sup>(a)</sup> | 2000000 | 2000000 |
|  Chenango Park CLO, Series 2018-1A, Class CR, 6.65% (3 mo. Term SOFR + 2.75%), 04/15/2030 <sup>(a)</sup> | 1250000 | 1258731 |
|  CIFC Funding Ltd., Series 2023-3A, Class B, 6.18% (3 mo. Term SOFR + 2.30%), 01/20/2037 <sup>(a)</sup> | 1000000 | 1000980 |
|  Clover CLO, Series 2021-3A, Class ER, 8.76% (3 mo. Term SOFR + 4.90%), 01/25/2035 <sup>(a)</sup> | 1000000 | 991089 |
| Elmwood CLO Ltd. | Elmwood CLO Ltd. | Elmwood CLO Ltd. |
| &nbsp;&nbsp; Series 2019-1A, Class ERR, 10.28% (3 mo. Term SOFR + 6.40%), 04/20/2037 <sup>(a)</sup> | 1500000 | 1478605 |
| &nbsp;&nbsp; Series 2022-2A, Class DR, 6.76% (3 mo. Term SOFR + 2.90%), 04/22/2035 <sup>(a)</sup> | 1000000 | 997384 |
| &nbsp;&nbsp; Series 2024-5A, Class ER, 10.28% (3 mo. Term SOFR + 6.40%), 04/20/2037 <sup>(a)</sup> | 2000000 | 1988306 |
|  Fort Greene Park CLO, Series 2025-2A, Class DR, 6.21% (3 mo. Term SOFR + 2.35%), 04/22/2034 <sup>(a)</sup> | 1250000 | 1238205 |
|  GoldenTree Loan Management US CLO, Series 2017-1A, Class DR3, 6.28% (3 mo. Term SOFR + 2.40%), 04/20/2034 <sup>(a)</sup> | 1300000 | 1290470 |
| Goldentree Loan Opportunities Ltd. | Goldentree Loan Opportunities Ltd. | Goldentree Loan Opportunities Ltd. |
| &nbsp;&nbsp; Series 2021-9A, Class DJ, 8.63% (3 mo. Term SOFR + 4.75%), 04/20/2037 <sup>(a)</sup> | 1000000 | 1008250 |
| &nbsp;&nbsp; Series 2022-14A, Class ER, 9.78% (3 mo. Term SOFR + 5.90%), 07/20/2037 <sup>(a)</sup> | 1750000 | 1770426 |
| &nbsp;&nbsp; Series 2022-15A, Class DJ, 7.61% (3 mo. Term SOFR + 3.75%), 10/20/2038 <sup>(a)</sup> | 1000000 | 1000000 |
| &nbsp;&nbsp; Series 2023-17A, Class DJ, 7.88% (3 mo. Term SOFR + 4.00%), 01/20/2039 <sup>(a)</sup> | 1000000 | 1001237 |
| &nbsp;&nbsp; Series 2023-18A, Class ER, 0.00% (3 mo. Term SOFR + 4.75%), 01/20/2037 <sup>(a)</sup> | 1000000 | 1000000 |
|  Madison Park Funding Ltd., Series 13A, Class CR2, 5.56% (3 mo. Term SOFR + 1.70%), 11/21/2030 <sup>(a)</sup> | 1000000 | 1001781 |
| Magnetite CLO Ltd. | Magnetite CLO Ltd. | Magnetite CLO Ltd. |
| &nbsp;&nbsp; Series 2017-19A, Class ERR, 8.98% (3 mo. Term SOFR + 5.10%), 04/17/2034 <sup>(a)</sup> | 1250000 | 1226675 |
| &nbsp;&nbsp; Series 2019-22A, Class DRR, 6.80% (3 mo. Term SOFR + 2.90%), 07/15/2036 <sup>(a)</sup> | 1030000 | 1033038 |
| &nbsp;&nbsp; Series 2019-24A, Class DR, 6.95% (3 mo. Term SOFR + 3.05%), 04/15/2035 <sup>(a)</sup> | 1000000 | 1000940 |
| &nbsp;&nbsp; Series 2020-27A, Class ERR, 8.68% (3 mo. Term SOFR + 4.75%), 10/20/2038 <sup>(a)</sup> | 1500000 | 1479819 |
| &nbsp;&nbsp; Series 2022-32A, Class D2R, 7.83% (3 mo. Term SOFR + 3.65%), 10/15/2037 <sup>(a)</sup> | 1500000 | 1501842 |
| &nbsp;&nbsp; Series 2023-39A, Class D1R, 6.56% (3 mo. Term SOFR + 2.70%), 01/25/2037 <sup>(a)</sup> | 1000000 | 1001016 |
| &nbsp;&nbsp; Series 2025-50A, Class D2, 8.21% (3 mo. Term SOFR + 3.90%), 07/25/2038 <sup>(a)</sup> | 1000000 | 1005706 |
| &nbsp;&nbsp; Series 2025-52A, Class D2, 0.00% (3 mo. Term SOFR + 3.45%), 01/25/2039 <sup>(a)</sup> | 1000000 | 1001000 |
| Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. |
| &nbsp;&nbsp; Series 2018-27A, Class ER, 10.65% (3 mo. Term SOFR + 6.75%), 07/15/2038 <sup>(a)</sup> | 1000000 | 1014000 |
| &nbsp;&nbsp; Series 2019-34A, Class D2R2, 7.98% (3 mo. Term SOFR + 4.10%), 07/20/2039 <sup>(a)</sup> | 1000000 | 1006575 |
| &nbsp;&nbsp; Series 2020-39A, Class ER, 11.08% (3 mo. Term SOFR + 7.20%), 04/20/2038 <sup>(a)</sup> | 2000000 | 2006054 |
| &nbsp;&nbsp; Series 2021-43A, Class DR, 6.53% (3 mo. Term SOFR + 2.65%), 07/17/2036 <sup>(a)</sup> | 2000000 | 1996020 |
| &nbsp;&nbsp; Series 2025-62A, Class D2, 7.47% (3 mo. Term SOFR + 3.60%), 10/17/2039 <sup>(a)</sup> | 1000000 | 993504 |
|  Octagon Credit Investors LLC, Series 2022-1A, Class DR, 8.94% (3 mo. Term SOFR + 5.09%), 11/16/2036 <sup>(a)</sup> | 2000000 | 2000000 |
| Octagon Investment Partners Ltd. | Octagon Investment Partners Ltd. | Octagon Investment Partners Ltd. |
| &nbsp;&nbsp; Series 2013-1A, Class CR2, 5.82% (3 mo. Term SOFR + 1.96%), 01/25/2031 <sup>(a)</sup> | 1000000 | 1000168 |
| &nbsp;&nbsp; Series 2014-1A, Class CR4, 6.10% (3 mo. Term SOFR + 2.25%), 02/14/2031 <sup>(a)</sup> | 1500000 | 1502565 |
|  OHA Credit Funding, Series 2025-24A, Class D2, 0.00% (3 mo. Term SOFR + 3.50%), 01/20/2039 <sup>(a)</sup> | 1000000 | 1001000 |
|  Palmer Square CLO Ltd., Series 2023-3A, Class C, 6.78% (3 mo. Term SOFR + 2.90%), 01/20/2037 <sup>(a)</sup> | 1000000 | 1002150 |
|  Southwick Park CLO, Series 2019-4A, Class DRR, 6.58% (3 mo. Term SOFR + 2.70%), 07/20/2032 <sup>(a)</sup> | 1000000 | 996970 |
|  Thompson Park CLO Ltd., Series 2021-1A, Class DR, 6.60% (3 mo. Term SOFR + 2.70%), 04/15/2034 <sup>(a)</sup> | 2000000 | 1997024 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $67,854,609) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $67,854,609) | 67579612 |
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 15.3%** | **Par** | **Value**  |
| BANK | BANK | BANK |
| &nbsp;&nbsp; Series 2018-BN10, Class C, 4.16%, 02/15/2061 <sup>(c)</sup> | 1000000 | 917590 |
| &nbsp;&nbsp; Series 2018-BN10, Class D, 2.60%, 02/15/2061 <sup>(a)</sup> | 1000000 | 860208 |
| &nbsp;&nbsp; Series 2019-BN23, Class C, 3.62%, 12/15/2052 <sup>(c)</sup> | 1000000 | 867665 |
| &nbsp;&nbsp; Series 2020-BN25, Class B, 3.04%, 01/15/2063 <sup>(c)</sup> | 1500000 | 1352892 |
| &nbsp;&nbsp; Series 2020-BN29, Class C, 3.14%, 11/15/2053 <sup>(c)</sup> | 1250000 | 1048160 |
| &nbsp;&nbsp; Series 2020-BN29, Class D, 2.50%, 11/15/2053 <sup>(a)</sup> | 1250000 | 969624 |
| &nbsp;&nbsp; Series 2021-BN35, Class C, 2.90%, 06/15/2064 <sup>(c)</sup> | 1500000 | 1285903 |
| &nbsp;&nbsp; Series 2022-BN40, Class D, 2.50%, 03/15/2064 <sup>(a)</sup> | 1000000 | 765992 |
| &nbsp;&nbsp; Series 2025-BN49, Class XA, 0.83%, 03/15/2058 <sup>(c)(d)</sup> | 30428818 | 1431055 |
| BANK5 | BANK5 | BANK5 |
| &nbsp;&nbsp; Series 2024-5YR8, Class C, 7.00%, 08/15/2057 <sup>(c)</sup> | 1000000 | 1034639 |
| &nbsp;&nbsp; Series 2025-5YR13, Class XA, 1.28%, 01/15/2058 <sup>(a)(c)(d)</sup> | 40633343 | 1633026 |
| BANK5 Trust | BANK5 Trust | BANK5 Trust |
| &nbsp;&nbsp; Series 2024-5YR8, Class D, 4.00%, 08/15/2057 <sup>(a)</sup> | 1000000 | 912424 |
| &nbsp;&nbsp; Series 2025-5YR14, Class D, 4.25%, 04/15/2058 <sup>(a)</sup> | 1600000 | 1448212 |
| BBCMS Trust | BBCMS Trust | BBCMS Trust |
| &nbsp;&nbsp; Series 2022-C17, Class XA, 1.32%, 09/15/2055 <sup>(c)(d)</sup> | 14886070 | 934990 |
| &nbsp;&nbsp; Series 2024-5C27, Class XA, 1.04%, 07/15/2057 <sup>(a)(c)(d)</sup> | 35289987 | 894485 |
| &nbsp;&nbsp; Series 2024-5C31, Class XA, 1.28%, 12/15/2057 <sup>(c)(d)</sup> | 27994639 | 1062746 |
| &nbsp;&nbsp; Series 2024-C30, Class XA, 1.07%, 11/15/2057 <sup>(c)(d)</sup> | 22765419 | 1397437 |
| &nbsp;&nbsp; Series 2025-C32, Class XA, 1.36%, 02/15/2062 <sup>(c)(d)</sup> | 17878930 | 1489969 |
| &nbsp;&nbsp; Series 2025-C35, Class XD, 1.87%, 07/15/2058 <sup>(a)(c)(d)</sup> | 12000000 | 1530808 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust | Benchmark Mortgage Trust |
| &nbsp;&nbsp; Series 2021-B26, Class B, 2.67%, 06/15/2054 <sup>(c)</sup> | 1250000 | 1050080 |
| &nbsp;&nbsp; Series 2021-B26, Class C, 2.97%, 06/15/2054 <sup>(c)</sup> | 1250000 | 981191 |
| &nbsp;&nbsp; Series 2021-B27, Class XD, 1.60%, 07/15/2054 <sup>(a)(c)(d)</sup> | 15000000 | 1069692 |
| &nbsp;&nbsp; Series 2021-B29, Class C, 2.75%, 09/15/2054 <sup>(c)</sup> | 1500000 | 1205202 |
| &nbsp;&nbsp; Series 2024-V6, Class XA, 1.58%, 03/15/2057 <sup>(c)(d)</sup> | 24931132 | 969310 |
| &nbsp;&nbsp; Series 2025-B41, Class XA, 1.21%, 07/15/2068 <sup>(c)(d)</sup> | 19987879 | 1524969 |
| BMO Mortgage Trust | BMO Mortgage Trust | BMO Mortgage Trust |
| &nbsp;&nbsp; Series 2023-C7, Class XA, 1.04%, 12/15/2056 <sup>(a)(c)(d)</sup> | 24946728 | 1162530 |
| &nbsp;&nbsp; Series 2025-C11, Class XA, 1.32%, 02/15/2058 <sup>(c)(d)</sup> | 18344913 | 1475667 |
| &nbsp;&nbsp; Series 2025-C13, Class XD, 1.99%, 10/15/2058 <sup>(a)(c)(d)</sup> | 8142000 | 1115673 |
|  Bombardier Capital Mortgage Securitization Corp., Series 2025-5C6, Class C, 5.83%, 10/15/2058 <sup>(c)</sup> | 1250000 | 1257644 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-C1, Class C, 5.11%, 05/10/2049 <sup>(c)</sup> | 1307000 | 1291058 |
| &nbsp;&nbsp; Series 2016-C2, Class B, 3.18%, 08/10/2049 | 1000000 | 980793 |
| CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2019-C18, Class C, 4.04%, 12/15/2052 <sup>(c)</sup> | 1250000 | 1167630 |
| &nbsp;&nbsp; Series 2019-C18, Class D, 2.50%, 12/15/2052 <sup>(a)</sup> | 1125000 | 940641 |
|  GS Mortgage Securities Corp. II, Series 2012-BWTR, Class B, 3.26%, 11/05/2034 <sup>(a)</sup> | 478000 | 296281 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| &nbsp;&nbsp; Series 2017-C34, Class B, 4.11%, 11/15/2052 <sup>(c)</sup> | 1400000 | 1319488 |
| &nbsp;&nbsp; Series 2017-C34, Class D, 2.70%, 11/15/2052 <sup>(a)</sup> | 1000000 | 741995 |
| &nbsp;&nbsp; Series 2025-5C1, Class XA, 1.38%, 03/15/2058 <sup>(c)(d)</sup> | 25997767 | 1131152 |
| &nbsp;&nbsp; Series 2025-C35, Class XA, 1.18%, 08/15/2058 <sup>(c)(d)</sup> | 27977808 | 2037649 |
| Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. |
| &nbsp;&nbsp; Series 2017-H1, Class C, 4.28%, 06/15/2050 <sup>(c)</sup> | 1500000 | 1416715 |
| &nbsp;&nbsp; Series 2017-HR2, Class C, 4.46%, 12/15/2050 <sup>(c)</sup> | 1400000 | 1338722 |
| &nbsp;&nbsp; Series 2019-H7, Class C, 4.13%, 07/15/2052 | 1000000 | 920087 |
| &nbsp;&nbsp; Series 2019-H7, Class D, 3.00%, 07/15/2052 <sup>(a)</sup> | 1000000 | 850518 |
| &nbsp;&nbsp; Series 2021-L5, Class C, 3.16%, 05/15/2054 | 1385000 | 1210162 |
| Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-C37, Class D, 3.31%, 12/15/2049 <sup>(a)(c)</sup> | 1000000 | 908386 |
| &nbsp;&nbsp; Series 2018-C43, Class C, 4.51%, 03/15/2051 <sup>(c)</sup> | 1250000 | 1161577 |
| &nbsp;&nbsp; Series 2018-C45, Class C, 4.73%, 06/15/2051 | 1320000 | 1269238 |
| &nbsp;&nbsp; Series 2019-C49, Class C, 4.87%, 03/15/2052 <sup>(c)</sup> | 1000000 | 975122 |
| &nbsp;&nbsp; Series 2019-C49, Class D, 3.00%, 03/15/2052 <sup>(a)</sup> | 1500000 | 1241119 |
| &nbsp;&nbsp; Series 2019-C52, Class C, 3.56%, 08/15/2052 | 1800000 | 1542394 |
| &nbsp;&nbsp; Series 2020-C57, Class C, 4.16%, 08/15/2053 <sup>(c)</sup> | 1500000 | 1381136 |
| &nbsp;&nbsp; Series 2021-C60, Class C, 2.74%, 08/15/2054 | 450000 | 374464 |
| &nbsp;&nbsp; Series 2025-C64, Class XD, 2.35%, 02/15/2058 <sup>(a)(c)(d)</sup> | 10909000 | 1697199 |
|  Wells Fargo Commercial Mortgage Trust 2024-1CHI, Series 2025-C65, Class XA, 1.31%, 10/15/2058 <sup>(c)(d)</sup> | 17996730 | 1504651 |
| **TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $59,852,647) | **TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $59,852,647) | 61347960 |
| **MUNICIPAL BONDS - 9.7%** | **Par** | **Value**  |
| **California - 1.0%** | **California - 1.0%** | **California - 1.0%** |
|  California Infrastructure & Economic Development Bank, 0.00%, 01/01/2065 <sup>(e)</sup> | 1085000 | 922250 |
|  Los Angeles Community College District, CA, 6.75%, 08/01/2049 | 1000000 | 1132646 |
|  Los Angeles Department of Water & Power, 6.57%, 07/01/2045 | 1000000 | 1090077 |
|  University of California, 4.77%, 05/15/2115 | 1250000 | 1045334 |
|  |  | 4190307 |
| **Colorado - 1.1%** | **Colorado - 1.1%** | **Colorado - 1.1%** |
|  Regional Transportation District Sales Tax Revenue, 5.84%, 11/01/2050 | 2500000 | 2581838 |
|  State of Colorado, 6.65%, 09/15/2045 | 1500000 | 1673089 |
|  |  | 4254927 |
| **Connecticut - 0.1%** | **Connecticut - 0.1%** | **Connecticut - 0.1%** |
|  Connecticut State Health & Educational Facilities Authority, 12.00%, 09/01/2030 <sup>(a)</sup> | 430000 | 473415 |
| **Florida - 0.7%** | **Florida - 0.7%** | **Florida - 0.7%** |
|  City of Gainesville, FL Utilities System Revenue, 6.02%, 10/01/2040 | 1500000 | 1642036 |
|  County of Miami-Dade, FL, 0.00%, 10/01/2042 <sup>(f)</sup> | 2500000 | 1243190 |
|  |  | 2885226 |
| **Illinois - 0.4%** | **Illinois - 0.4%** | **Illinois - 0.4%** |
|  Metropolitan Pier & Exposition Authority, 0.00%, 06/15/2038 <sup>(f)</sup> | 1250000 | 758858 |
|  Metropolitan Water Reclamation District of Greater Chicago, 5.72%, 12/01/2038 | 1000000 | 1059302 |
|  |  | 1818160 |
| **Indiana - 0.3%** | **Indiana - 0.3%** | **Indiana - 0.3%** |
|  Indiana Finance Authority, 6.60%, 02/01/2039 | 1000000 | 1129700 |
| **Massachusetts - 0.3%** | **Massachusetts - 0.3%** | **Massachusetts - 0.3%** |
|  Commonwealth of Massachusetts, 5.46%, 12/01/2039 | 1000000 | 1040192 |
| **Michigan - 0.3%** | **Michigan - 0.3%** | **Michigan - 0.3%** |
|  University of Michigan, 4.45%, 04/01/2122 | 1311000 | 1057640 |
| **Minnesota - 0.3%** | **Minnesota - 0.3%** | **Minnesota - 0.3%** |
|  Western Minnesota Municipal Power Agency, 6.77%, 01/01/2046 | 1000000 | 1116411 |
| **Nevada - 0.6%** | **Nevada - 0.6%** | **Nevada - 0.6%** |
|  County of Clark Department of Aviation, 6.82%, 07/01/2045 | 2000000 | 2269047 |
| **New Jersey - 0.3%** | **New Jersey - 0.3%** | **New Jersey - 0.3%** |
|  New Jersey Transportation Trust Fund Authority, 0.00%, 12/15/2039 <sup>(f)</sup> | 2000000 | 1156834 |
| **New York - 0.3%** | **New York - 0.3%** | **New York - 0.3%** |
|  City of New York, NY, 5.97%, 03/01/2036 | 1250000 | 1329879 |
| **Ohio - 0.3%** | **Ohio - 0.3%** | **Ohio - 0.3%** |
|  Ohio State University, 4.80%, 06/01/2111 | 1555000 | 1328339 |
| **Oklahoma - 0.4%** | **Oklahoma - 0.4%** | **Oklahoma - 0.4%** |
|  Oklahoma Development Finance Authority, 5.45%, 08/15/2028 | 1750000 | 1739817 |
| **Pennsylvania - 0.3%** | **Pennsylvania - 0.3%** | **Pennsylvania - 0.3%** |
|  Pennsylvania Turnpike Commission, 3.00%, 12/01/2042 | 1250000 | 1048122 |
| **Tennessee - 0.2%** | **Tennessee - 0.2%** | **Tennessee - 0.2%** |
|  New Memphis Arena Public Building Authority, 0.00%, 04/01/2043 <sup>(f)</sup> | 1625000 | 673733 |
| **Texas - 1.9%** | **Texas - 1.9%** | **Texas - 1.9%** |
|  Dallas Convention Center Hotel Development Corp., 7.09%, 01/01/2042 | 1615000 | 1834301 |
|  Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, 2.99%, 11/01/2041 | 1500000 | 1197271 |
|  North Texas Tollway Authority, 6.72%, 01/01/2049 | 1145000 | 1295979 |
|  Port of Beaumont Industrial Development Authority, 4.10%, 01/01/2028 <sup>(a)</sup> | 1500000 | 1359583 |
|  State of Texas, 5.52%, 04/01/2039 | 2000000 | 2098596 |
|  |  | 7785730 |
| **Virginia - 0.4%** | **Virginia - 0.4%** | **Virginia - 0.4%** |
| University of Virginia | University of Virginia | University of Virginia |
| &nbsp;&nbsp; 4.18%, 09/01/2117 | 1430000 | 1097303 |
| &nbsp;&nbsp; 3.23%, 09/01/2119 | 1000000 | 589501 |
|  |  | 1686804 |
| **Washington - 0.4%** | **Washington - 0.4%** | **Washington - 0.4%** |
|  Washington State Housing Finance Commission, 7.25%, 07/01/2029 <sup>(a)</sup> | 1605000 | 1608428 |
| **Wisconsin - 0.1%** | **Wisconsin - 0.1%** | **Wisconsin - 0.1%** |
|  Public Finance Authority, 7.50%, 06/01/2029 <sup>(a)</sup> | 250000 | 243990 |
| **TOTAL MUNICIPAL BONDS** (Cost $38,338,887) | **TOTAL MUNICIPAL BONDS** (Cost $38,338,887) | 38836701 |
| **U.S. TREASURY SECURITIES - 6.9%** | **Par** | **Value**  |
| United States Treasury Notes/Bonds | United States Treasury Notes/Bonds | United States Treasury Notes/Bonds |
| &nbsp;&nbsp; 3.88%, 05/15/2043 | 2000000 | 1831797 |
| &nbsp;&nbsp; 4.38%, 08/15/2043 | 1000000 | 975156 |
| &nbsp;&nbsp; 4.75%, 11/15/2043 | 2300000 | 2348111 |
| &nbsp;&nbsp; 4.50%, 02/15/2044 | 1250000 | 1235498 |
| &nbsp;&nbsp; 4.63%, 05/15/2044 | 1000000 | 1003125 |
| &nbsp;&nbsp; 4.63%, 11/15/2044 | 2250000 | 2251582 |
| &nbsp;&nbsp; 4.75%, 02/15/2045 | 5250000 | 5334287 |
| &nbsp;&nbsp; 5.00%, 05/15/2045 | 5000000 | 5242969 |
| United States Treasury Strip Principal | United States Treasury Strip Principal | United States Treasury Strip Principal |
| &nbsp;&nbsp; 0.00%, 08/15/2042 <sup>(f)</sup> | 2000000 | 925433 |
| &nbsp;&nbsp; 0.00%, 11/15/2042 <sup>(f)</sup> | 2500000 | 1140013 |
| &nbsp;&nbsp; 0.00%, 02/15/2044 <sup>(f)</sup> | 2350000 | 998671 |
| &nbsp;&nbsp; 0.00%, 05/15/2044 <sup>(f)</sup> | 2000000 | 838781 |
| &nbsp;&nbsp; 0.00%, 08/15/2044 <sup>(f)</sup> | 1900000 | 786179 |
| &nbsp;&nbsp; 0.00%, 11/15/2044 <sup>(f)</sup> | 4000000 | 1633190 |
| &nbsp;&nbsp; 0.00%, 02/15/2045 <sup>(f)</sup> | 3000000 | 1209025 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $27,439,386) | **TOTAL U.S. TREASURY SECURITIES** (Cost $27,439,386) | 27753817 |
| **ASSET-BACKED SECURITIES - 3.9%** | **Par** | **Value**  |
|  American Credit Acceptance Receivables Trust, Series 2024-2, Class D, 6.53%, 04/12/2030 <sup>(a)</sup> | 1000000 | 1021935 |
|  CPS Auto Trust, Series 2021-D, Class E, 4.06%, 12/15/2028 <sup>(a)</sup> | 1000000 | 993834 |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp; Series 2021-2A, Class E, 2.90%, 07/17/2028 <sup>(a)</sup> | 1500000 | 1491893 |
| &nbsp;&nbsp; Series 2021-3A, Class E, 3.04%, 12/15/2028 <sup>(a)</sup> | 2000000 | 1984683 |
| &nbsp;&nbsp; Series 2024-4A, Class E, 7.65%, 02/17/2032 <sup>(a)</sup> | 2000000 | 2107244 |
| &nbsp;&nbsp; Series 2024-5A, Class E, 7.22%, 05/17/2032 <sup>(a)</sup> | 2000000 | 2061225 |
| GLS Auto Receivables Trust | GLS Auto Receivables Trust | GLS Auto Receivables Trust |
| &nbsp;&nbsp; Series 2021-2A, Class E, 2.87%, 05/15/2028 <sup>(a)</sup> | 1000000 | 996520 |
| &nbsp;&nbsp; Series 2021-3A, Class E, 3.20%, 10/16/2028 <sup>(a)</sup> | 1000000 | 992907 |
| &nbsp;&nbsp; Series 2021-4A, Class E, 4.43%, 10/16/2028 <sup>(a)</sup> | 1000000 | 996185 |
| &nbsp;&nbsp; Series 2024-2A, Class D, 6.19%, 02/15/2030 <sup>(a)</sup> | 1000000 | 1026703 |
| &nbsp;&nbsp; Series 2024-4A, Class E, 7.51%, 08/15/2031 <sup>(a)</sup> | 2000000 | 2078542 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $15,641,023) | **TOTAL ASSET-BACKED SECURITIES** (Cost $15,641,023) | 15751671 |
| **AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 3.4%** | **Par** | **Value**  |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series K-1518, Class X1, 0.95%, 10/25/2035 <sup>(c)(d)</sup> | 24517184 | 1459488 |
| &nbsp;&nbsp; Series K-1519, Class X1, 0.69%, 12/25/2035 <sup>(c)(d)</sup> | 24264580 | 1024140 |
| &nbsp;&nbsp; Series K546, Class X1, 1.06%, 05/25/2030 <sup>(c)(d)</sup> | 41425071 | 1474571 |
| Freddie Mac Multifamily Structured Pass Through Certificates | Freddie Mac Multifamily Structured Pass Through Certificates | Freddie Mac Multifamily Structured Pass Through Certificates |
| &nbsp;&nbsp; Series K113, Class X1, 1.47%, 06/25/2030 <sup>(c)(d)</sup> | 25746356 | 1321501 |
| &nbsp;&nbsp; Series K149, Class X1, 0.40%, 08/25/2032 <sup>(c)(d)</sup> | 66593264 | 1203267 |
| &nbsp;&nbsp; Series K1515, Class X1, 1.63%, 02/25/2035 <sup>(c)(d)</sup> | 14770666 | 1454701 |
| &nbsp;&nbsp; Series K164, Class X1, 0.47%, 05/25/2034 <sup>(c)(d)</sup> | 57985270 | 1393896 |
| &nbsp;&nbsp; Series K165, Class X1, 0.79%, 09/25/2034 <sup>(c)(d)</sup> | 30596758 | 1407708 |
| &nbsp;&nbsp; Series K169, Class X1, 0.43%, 12/25/2034 <sup>(c)(d)</sup> | 63049757 | 1429887 |
|  FREMF Mortgage Trust, Series K549, Class X1, 0.11%, 09/25/2030 <sup>(c)(d)</sup> | 185000000 | 1311040 |
| **TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $13,353,603) | **TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $13,353,603) | 13480199 |
| **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES - 2.5%** | **Par** | **Value**  |
|  Banc of America Alternative Loan Trust, Series 2006-2, Class 4CB1, 6.50%, 03/25/2036 | 762123 | 663863 |
| Citimortgage Alternative Loan Trust | Citimortgage Alternative Loan Trust | Citimortgage Alternative Loan Trust |
| &nbsp;&nbsp; Series 2006-A5, Class 1A13, 4.52% (1 mo. Term SOFR + 0.56%), 10/25/2036 | 1022021 | 798918 |
| &nbsp;&nbsp; Series 2007-A1, Class 1A5, 6.00%, 01/25/2037 | 1488074 | 1373439 |
| Countrywide Alternative Loan Trust | Countrywide Alternative Loan Trust | Countrywide Alternative Loan Trust |
| &nbsp;&nbsp; Series 2005-80CB, Class 5A1, 6.00%, 02/25/2036 | 1123189 | 1166194 |
| &nbsp;&nbsp; Series 2007-13, Class A1, 6.00%, 06/25/2047 | 2510384 | 1285594 |
|  Credit Suisse Management, LLC, Series 2005-11, Class 3A3, 5.50%, 12/25/2035 | 334220 | 128444 |
|  JP Morgan Mortgage Trust, Series 2022-1, Class A5, 2.50%, 07/25/2052 <sup>(a)(c)</sup> | 2000000 | 1353063 |
|  Vericrest Opportunity Loan Transferee, Series 2021-NPL4, Class A2, 8.95%, 03/27/2051 <sup>(a)(g)(h)</sup> | 394769 | 395184 |
| WaMu Mortgage Pass Through Certificates | WaMu Mortgage Pass Through Certificates | WaMu Mortgage Pass Through Certificates |
| &nbsp;&nbsp; Series 2005-AR14, Class 1A2, 4.68%, 12/25/2035 <sup>(c)</sup> | 1057643 | 999289 |
| &nbsp;&nbsp; Series 2006-AR12, Class 1A1, 4.49%, 10/25/2036 <sup>(c)</sup> | 1245986 | 1162560 |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2007-AR6, Class A1, 6.22%, 10/25/2037 <sup>(c)</sup> | 855769 | 840904 |
| **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES** (Cost $10,099,290) | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES** (Cost $10,099,290) | 10167452 |
| **PREFERRED STOCKS - 0.3%** | **Shares** | **Value**  |
| **Banks - 0.3%** | **Banks - 0.3%** |  |
|  First Busey Corp., Series B, 8.25%, Perpetual | 40000 | 1018800 |
| **TOTAL PREFERRED STOCKS** (Cost $1,000,000) | **TOTAL PREFERRED STOCKS** (Cost $1,000,000) | 1018800 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.2%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.88% <sup>(i)</sup> | 4656070 | 4656070 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,656,070) | **TOTAL MONEY MARKET FUNDS** (Cost $4,656,070) | 4656070 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $391,405,201**)** | **TOTAL INVESTMENTS - 99.8% (**Cost $391,405,201**)** | 399179477 |
| Other Assets in Excess of Liabilities - 0.2% | Other Assets in Excess of Liabilities - 0.2% | 820183 |
| **TOTAL NET ASSETS - 100.0%** |  | $399999660 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

---

| | |
|:---|:---|
| CMT - Constant Maturity Treasury | CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company | LLC - Limited Liability Company |
| LP - Limited Partnership | LP - Limited Partnership |
| PLC - Public Limited Company | PLC - Public Limited Company |
| PO Principal Only | PO Principal Only |
| REIT - Real Estate Investment Trust | REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate | SOFR - Secured Overnight Financing Rate |
| STRIP - Separate Trading of Registered Interest and Principal | STRIP - Separate Trading of Registered Interest and Principal |
| (a) | Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of November 30, 2025, the value of these securities total $181,153,989 or 45.3% of the Fund's net assets. |
| (b) | Represents less than 0.05% of net assets. |
| (c) | Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of November 30, 2025. |
| (d) | Interest only security. |
| (e) | Security subject to the Alternative Minimum Tax ("AMT"). As of November 30, 2025, the total value of securities subject to the AMT was $922,250 or 0.2% of net assets. |
| (f) | Zero coupon bonds make no periodic interest payments. |
| (g) | Step coupon bond. The rate disclosed is as of November 30, 2025. |
| (h) | This security accrues interest which is added to the outstanding principal balance. The interest payment will be deferred until all other tranches in the structure are paid off. The rate disclosed is as of November 30, 2025. |
| (i) | The rate shown represents the 7-day annualized yield as of November 30, 2025. |

---

------

---

| |
|:---|
| **Performance Trust Multisector Bond Fund** |
| **Notes to Schedule of Investments**<br> **November 30, 2025 (Unaudited)**  |
| ****<br>*Investment Valuation*<br> ** <br>Each equity security owned by a Fund that is listed on a securities exchange, except securities listed on the NASDAQ Stock Market, LLC ("NASDAQ"), is valued at its last sale price at the close of that exchange on the date as of which assets are valued. If the security is listed on more than one exchange, a Fund will use the price of the exchange that the Fund generally considers to be the principal exchange on which the security is traded. Portfolio securities listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there has been no sale on such exchange or on NASDAQ on such day, the security is valued at the mean between the most recent quoted bid and asked prices on such day or the security shall be valued at the latest sales price on the "composite market" for the day such security is being valued. The composite market is defined as a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter markets as published by an approved independent pricing service (a "Pricing Service").<br>Debt securities, such as U.S. government securities, corporate securities, municipal securities, collateralized loan obligations and asset-backed and mortgage-backed securities, including short-term debt instruments having a maturity of 60 days or less, are valued at the mean in accordance with prices supplied by a Pricing Service. Pricing Services may use various valuation methodologies such as the mean between the bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If a price is not available from a Pricing Service, the most recent quotation obtained from one or more broker-dealers known to follow the issue will be obtained. Quotations will be valued at the mean between the bid and the offer. In the absence of available quotations, the securities will be priced at fair value. Pricing Services generally value debt securities assuming orderly transactions of an institutional round lot size, but such securities may be held or transactions may be conducted in such securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots.<br>Redeemable securities issued by open-end, registered investment companies, including money market funds, are valued at the net asset value ("NAV") of such companies for purchase and/or redemption orders placed on that day. If, on a particular day, a share of an investment company is not listed on NASDAQ, such security's fair value will be determined. All exchange-traded funds are valued at the last reported sale price on the exchange on which the security is principally traded. In the event market quotations are not readily available, such security will be valued at its fair value, discussed below.<br>If market quotations are not readily available, a security or other asset will be valued at its fair value in accordance with Rule 2a-5 of the 1940 Act as determined under the Adviser's fair value pricing procedures, subject to oversight by the Board of Trustees. These fair value pricing procedures will also be used to price a security when corporate events, events in the securities market and/or world events cause the Adviser to believe that a security's last sale price may not reflect its actual market value. The intended effect of using fair value pricing procedures is to ensure that the Funds are accurately priced. The Adviser will regularly evaluate whether the Funds' fair value pricing procedures continue to be appropriate in light of the specific circumstances of the Funds and the quality of prices obtained through the application of such procedures.<br>FASB Accounting Standards Codification, Fair Value Measurements and Disclosures Topic 820 ("ASC 820"), establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value. ASC 820 requires an entity to evaluate certain factors to determine whether there has been a significant decrease in volume and level of activity for the security such that recent transactions and quoted prices may not be determinative of fair value and further analysis and adjustment may be necessary to estimate fair value. ASC 820 also requires enhanced disclosure regarding the inputs and valuation techniques used to measure fair value as well as expanded disclosure of valuation levels for each class of investments. These inputs are summarized in the three broad levels listed below:<br>Level 1—Quoted prices in active markets for identical securities.<br> Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).<br> Level 3—Significant unobservable inputs (including a Fund's own assumptions in determining the fair value of investments).<br> The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the Fund's investments carried at fair value as of November 30, 2025:  |

---

**Performance Trust Multisector Bond Fund**<br> **Notes to Schedule of Investments (Continued)**<br> November 30, 2025 (Unaudited)<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $158587195 | $– | $158587195 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 67579612 | – | 67579612 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Securities | – | 61347960 | – | 61347960 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 38836701 | – | 38836701 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 27753817 | – | 27753817 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 15751671 | – | 15751671 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Agency Commercial Mortgage Backed Securities | – | 13480199 | – | 13480199 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Mortgage Backed Securities | – | 10167452 | – | 10167452 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 1018800 | – | – | 1018800 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4656070 | – | – | 4656070 |
| Total Investments | $5674870 | $393504607 | $– | $399179477 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Trust for Professional Managers

- **b. Investment Company Act file number:** 811-10401

- **c. CIK number of Registrant:** 0001141819

- **d. LEI of Registrant:** 549300O1N816L3GGRD45

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 513-520-5925

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

- **a. Name of Series:** Performance Trust Multisector Bond Fund

- **b. EDGAR series identifier (if any):** S000070558

- **c. LEI of Series:** 5493001Q668CLFUNJ327

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $404328076.52

**Total Liabilities:** $4494602.41

**Net Assets:** $399833474.11

**Delayed Delivery Securities:** $4200000.00

**Cash Not Reported:** $727063.57

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 15475.570000000000 | **1-Year:** 9309.450000000000 | **5-Year:** 29423.540000000000 | **10-Year:** 44037.360000000000 | **30-Year:** 34110.120000000000

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

- **3-Month:** 17731.890000000000 | **1-Year:** 14412.290000000000 | **5-Year:** 10898.210000000000 | **10-Year:** 3025.050000000000 | **30-Year:** 290.390000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224122 | 1.18%                | 0.46%                | 0.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $120184.43               | $2158587.11                                |
| Month 2  | $195088.34               | $62589.12                                  |
| Month 3  | $147278.12               | $1175278.10                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ASGN INCORPORATED              | ASGN Inc                                                                        | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981034.30    | 0.25%             | 2028-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Allegany Park CLO, Ltd.        | Allegany Park CLO Ltd                                                           | CUSIP: 017154BA2<br>LEI: 549300D5KL0IVFLIND32 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1976908.00   | 0.49%             | 2035-01-20      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares LXIV CLO Ltd                                                               | CUSIP: 04019NAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007295.00   | 0.25%             | 2039-10-24      | Floating      | 10.40%                | No            |                  2 | On Loan: No      |
| AUTONATION INC                 | AutoNation Inc                                                                  | CUSIP: 05329WAT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1827796.51   | 0.46%             | 2035-03-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING INC            | Avantor Funding Inc                                                             | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247838.83    | 0.06%             | 2028-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                         | CUSIP: 05571AAU9<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1605489.96   | 0.40%             | 2035-01-18      | Variable      | 6.51%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2018-BNK10                                                                 | CUSIP: 065404BE4<br>LEI: 549300GL0Y86051URC66 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $917590.20    | 0.23%             | 2061-02-15      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2022-BNK40                                                                 | CUSIP: 06541LAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $765992.30    | 0.19%             | 2064-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2025-C32                                                   | CUSIP: 07337AAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17878930 | PA      | $1489969.22   | 0.37%             | 2062-02-15      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B26 Mortgage Trust                                               | CUSIP: 08163EBH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $981190.75    | 0.25%             | 2054-06-15      | Variable      | 2.97%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC       | Builders FirstSource Inc                                                        | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1744159.38   | 0.44%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | Cifc Funding 2023-III Ltd                                                       | CUSIP: 12598YAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000980.00   | 0.25%             | 2037-01-20      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC         | CACI International Inc                                                          | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260938.50    | 0.07%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mor | Credit Suisse First Boston Mortgage Securities Corp                             | CUSIP: 2254W0NJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    334220 | PA      | $128444.16    | 0.03%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1886801.37   | 0.47%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE FL UTILITIES SYS R | City of Gainesville FL Utilities System Revenue                                 | CUSIP: 362848RA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1642036.05   | 0.41%             | 2040-10-01      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XEV4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1316171.06   | 0.33%             | 2034-04-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TELEFLEX INC                   | Teleflex Inc                                                                    | CUSIP: 879369AG1<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246811.75    | 0.06%             | 2028-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                       | State of Texas                                                                  | CUSIP: 882722KF7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2098596.40   | 0.52%             | 2039-04-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| TOWNEBANK/PORTSMOUTH VA        | Towne Bank/Portsmouth VA                                                        | CUSIP: 89214PDD8<br>LEI: 54930039UO39UJGI7078 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1134387.51   | 0.28%             | 2032-02-15      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| TRUSTMARK CORP                 | Trustmark Corp                                                                  | CUSIP: 898402AB8<br>LEI: 5493000HPQ4D2RZ79739 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2007352.90   | 0.50%             | 2035-12-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF VIRGINIA VA UNIV REVEN | University of Virginia                                                          | CUSIP: 915217WX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1097303.21   | 0.27%             | 2117-09-01      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL        | Global Net Lease Inc / Global Net Lease Operating Partnership LP                | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $728518.35    | 0.18%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MET TRANSIT AUT | Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | CUSIP: 41422EKX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1197270.60   | 0.30%             | 2041-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| INDEPENDENT BANK CORP          | Independent Bank Corp                                                           | CUSIP: 453836AJ7<br>LEI: 549300C5K3W8THR3GE10 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1571197.98   | 0.39%             | 2035-04-01      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE    | Indiana Finance Authority                                                       | CUSIP: 455057SV2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1129700.10   | 0.28%             | 2039-02-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite LII Ltd                                                               | CUSIP: 559931AL4<br>LEI: 5299001MY2F5RHSJ3A38 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001000.00   | 0.25%             | 2039-01-25      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL  | Metropolitan Pier & Exposition Authority                                        | CUSIP: 592250EN0<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $758858.38    | 0.19%             | 2038-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34                     | CUSIP: 61767EAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1319487.96   | 0.33%             | 2052-11-15      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2019-H7                                          | CUSIP: 61771MAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $850518.20    | 0.21%             | 2052-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK        | National Australia Bank Ltd                                                     | CUSIP: 632525BB6<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $921127.78    | 0.23%             | 2037-01-12      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| NICOLET BANKSHARES INC         | Nicolet Bankshares Inc                                                          | CUSIP: 65406EAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $941467.06    | 0.24%             | 2031-07-15      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XX | Octagon Investment Partners XXI Ltd                                             | CUSIP: 67590QCE5<br>LEI: 549300XIS9D4AHDX5A35 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1502565.00   | 0.38%             | 2031-02-14      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                 | Open Text Corp                                                                  | CUSIP: 683715AC0<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $976224.40    | 0.24%             | 2028-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                                           | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    500000 | PA      | $521053.50    | 0.13%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares LIII CLO Ltd                                                               | CUSIP: 04009GBN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1200000.00   | 0.30%             | 2036-10-24      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP        | Asbury Automotive Group Inc                                                     | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491301.20    | 0.12%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2020-BNK25                                                                 | CUSIP: 06539WBF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1352892.30   | 0.34%             | 2063-01-15      | Variable      | 3.04%                 | No            |                  2 | On Loan: No      |
| BARDOT CLO LTD                 | Bardot CLO Ltd                                                                  | CUSIP: 06744NBU0<br>LEI: 549300KP12IHV6MTDK86 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1243232.50   | 0.31%             | 2032-10-22      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                                        | CUSIP: 74442PXM2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243989.63    | 0.06%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SIMMONS FIRST NTL CORP         | Simmons First National Corp                                                     | CUSIP: 828730AC5<br>LEI: 549300IVR5AJKUVOGN05 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2029080.00   | 0.51%             | 2035-10-01      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B26 Mortgage Trust                                               | CUSIP: 08163EBG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1050080.25   | 0.26%             | 2054-06-15      | Variable      | 2.67%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $848307.90    | 0.21%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2021-D                                               | CUSIP: 12658VAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $993834.10    | 0.25%             | 2028-12-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CARLYLE US CLO 2019-3 LTD                                                       | CUSIP: 14314KAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1050000 | PA      | $1062343.80   | 0.27%             | 2037-04-20      | Floating      | 11.22%                | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2024-5YR8                                                                 | CUSIP: 065923AC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $912423.80    | 0.23%             | 2057-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2025-5YR14                                                                | CUSIP: 06604MAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1448212.16   | 0.36%             | 2058-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                   | Centene Corp                                                                    | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2069858.03   | 0.52%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI       | Charles River Laboratories International Inc                                    | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1689880.68   | 0.42%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B27 Mortgage Trust                                               | CUSIP: 08163HAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15000000 | PA      | $1069692.00   | 0.27%             | 2054-07-15      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $752066.18    | 0.19%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WTR RECLAMATION | Metropolitan Water Reclamation District of Greater Chicago                      | CUSIP: 167560PL9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059302.00   | 0.26%             | 2038-12-01      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| REGL TRANSPRTN DIST CO SALES T | Regional Transportation District Sales Tax Revenue                              | CUSIP: 759136QP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2581838.00   | 0.65%             | 2050-11-01      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL              | Service Corp International/US                                                   | CUSIP: 817565CG7<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $955613.30    | 0.24%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-C1                                     | CUSIP: 17290YAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1307000 | PA      | $1291058.39   | 0.32%             | 2049-05-10      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan  | CitiMortgage Alternative Loan Trust Series 2006-A5                              | CUSIP: 18974BAN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1022021 | PA      | $798917.56    | 0.20%             | 2036-10-25      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| SOUTHSTATE BANK CORP           | SOUTHSTATE BANK CORP                                                            | CUSIP: 840441AA7<br>LEI: 549300JZUANXM0YQ4W53 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1157923.87   | 0.29%             | 2035-06-13      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Southwick Park CLO, Ltd.       | Southwick Park CLO LLC                                                          | CUSIP: 846031BC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $996970.00    | 0.25%             | 2032-07-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US       | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC            | CUSIP: 22207AAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $503699.00    | 0.13%             | 2031-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DALLAS TX CONVENTION CENTER HO | Dallas Convention Center Hotel Development Corp                                 | CUSIP: 235417AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1834301.17   | 0.46%             | 2042-01-01      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP         | Synovus Financial Corp                                                          | CUSIP: 87161CAM7<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1046215.08   | 0.26%             | 2029-02-07      | Variable      | 7.54%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES       | Texas Capital Bancshares Inc                                                    | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985326.61    | 0.25%             | 2031-05-06      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $499523.91    | 0.12%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137H93E7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  66593264 | PA      | $1203267.04   | 0.30%             | 2032-08-25      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                                          | CUSIP: 912803DY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $925433.40    | 0.23%             | 2042-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                                          | CUSIP: 912803EH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $838780.44    | 0.21%             | 2044-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HK2E3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  63049757 | PA      | $1429886.52   | 0.36%             | 2034-12-25      | Variable      | 0.43%                 | No            |                  2 | On Loan: No      |
| FIRST FINANCIAL BANCORP        | First Financial Bancorp                                                         | CUSIP: 320209AC3<br>LEI: 549300D3F5B3EZMY7P77 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1768725.00   | 0.44%             | 2035-12-01      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp Trust 2012-BWTR                                     | CUSIP: 36192RAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    478000 | PA      | $296281.13    | 0.07%             | 2034-11-05      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5242968.75   | 1.31%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                                     | CUSIP: 939783Y59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1608428.28   | 0.40%             | 2029-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRST NATIONAL OF NEBRAS       | First National of Nebraska Inc                                                  | CUSIP: 32119CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1614089.07   | 0.40%             | 2035-06-15      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-4                                        | CUSIP: 36270YAN2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2078542.00   | 0.52%             | 2031-08-15      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US Clo 9 Ltd                                         | CUSIP: 38138JAY9<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008250.00   | 0.25%             | 2037-04-20      | Floating      | 8.63%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US Clo 14 Ltd                                        | CUSIP: 38137VAG2<br>LEI: 549300QXPI5JCSVZ9W25 | Long             | ABS-CBDO         | CORP              | JE        |   1750000 | PA      | $1770426.00   | 0.44%             | 2037-07-20      | Floating      | 9.78%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC              | Herc Holdings Inc                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    500000 | PA      | $525266.00    | 0.13%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HOME BANCSHARES INC            | Home BancShares Inc/AR                                                          | CUSIP: 436893AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1372400.33   | 0.34%             | 2032-01-30      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036638.85   | 0.26%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC       | Icon Investments Six DAC                                                        | CUSIP: 45115AAC8<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $530475.51    | 0.13%             | 2034-05-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | J.P. Morgan Mortgage Trust 2022-1                                               | CUSIP: 46654WAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1353062.60   | 0.34%             | 2052-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| K HOVNANIAN ENTERPRISES        | K Hovnanian Enterprises Inc                                                     | CUSIP: 48251UAP3<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514949.50    | 0.13%             | 2031-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| KEN GARFF AUTOMOTIVE LLC       | Ken Garff Automotive LLC                                                        | CUSIP: 48850PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2246699.48   | 0.56%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC              | Lithia Motors Inc                                                               | CUSIP: 536797AG8<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1205399.00   | 0.30%             | 2029-06-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA CMNTY CLG DIST  | Los Angeles Community College District/CA                                       | CUSIP: 54438CPA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132645.90   | 0.28%             | 2049-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT WTR & PWR  | Los Angeles Department of Water & Power                                         | CUSIP: 544495VY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090076.80   | 0.27%             | 2045-07-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXII Ltd                                                              | CUSIP: 55954HBC5<br>LEI: 5493000081NBXWGGSW23 | Long             | ABS-CBDO         | CORP              | KY        |   1030000 | PA      | $1033038.50   | 0.26%             | 2036-07-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XIX Ltd                                                               | CUSIP: 55954JAL2<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1226675.00   | 0.31%             | 2034-04-17      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXVII Ltd                                                             | CUSIP: 55955FAG0<br>LEI: 5493003N6WY184N72D84 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1479819.00   | 0.37%             | 2038-10-20      | Floating      | 8.68%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HNNE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        | 185000000 | PA      | $1311039.50   | 0.33%             | 2030-09-25      | Variable      | 0.11%                 | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR       | Marriott Ownership Resorts Inc                                                  | CUSIP: 57164PAK2<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1665431.43   | 0.42%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                | OHA Credit Funding 24 Ltd                                                       | CUSIP: 67123CAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001000.00   | 0.25%             | 2039-01-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                | CUSIP: 709225AY2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1048122.25   | 0.26%             | 2042-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM           | Taylor Morrison Communities Inc                                                 | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257836.75    | 0.06%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                                      | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4253144 | NS      | $4253144.24   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BUSEY CORPORATION        | First Busey Corp                                                                | CUSIP: 319383600<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EP               | CORP              | US        |     40000 | NS      | $1018800.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                   | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    250000 | PA      | $261377.41    | 0.07%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-C37                                  | CUSIP: 95000PAX2<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $908386.00    | 0.23%             | 2049-12-15      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| FIRST BUSEY CORPORATION        | First Busey Corp                                                                | CUSIP: 319383AE5<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963407.75    | 0.24%             | 2032-06-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FIRST INTERSTATE BANCSYS       | First Interstate BancSystem Inc                                                 | CUSIP: 32055YAB8<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1047500.00   | 0.26%             | 2035-06-15      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2024-2                             | CUSIP: 02531BAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1021935.20   | 0.26%             | 2030-04-12      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XI                                                                   | CUSIP: 03764EAQ2<br>LEI: 549300XIP4V1NMCICV93 | Long             | ABS-CBDO         | CORP              | KY        |   1591143 | PA      | $1592298.17   | 0.40%             | 2034-04-17      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| Thompson Park CLO, LTD         | Thompson Park CLO Ltd                                                           | CUSIP: 884887AU4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1997024.00   | 0.50%             | 2034-04-15      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2007-AR6 Trust                           | CUSIP: 949794AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    855769 | PA      | $840904.43    | 0.21%             | 2037-10-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | APIDOS CLO XLI Ltd                                                              | CUSIP: 03770EAG6<br>LEI: 213800RGMG7DPJTR8V62 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1010197.00   | 0.25%             | 2037-10-20      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2021-BNK35                                                                 | CUSIP: 06540CBX4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1285902.60   | 0.32%             | 2064-06-15      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2023-C7 Mortgage Trust                                                      | CUSIP: 05593FAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  24946728 | PA      | $1162530.00   | 0.29%             | 2056-12-15      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC        | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1053083.56   | 0.26%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC       | Builders FirstSource Inc                                                        | CUSIP: 12008RAT4<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263985.75    | 0.07%             | 2035-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI       | Charles River Laboratories International Inc                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    500000 | PA      | $473442.10    | 0.12%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLAREMONT MCKENNA              | Claremont Mckenna College                                                       | CUSIP: 18013RAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1007107.68   | 0.25%             | 2122-01-01      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV ARPT REVENUE     | County of Clark Department of Aviation                                          | CUSIP: 18085PMT8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2269046.60   | 0.57%             | 2045-07-01      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| COMPEER FINANCIAL ACA          | Compeer Financial ACA                                                           | CUSIP: 20453QAC6<br>LEI: 54930020HTACTODKHT04 | Long             | EP               | CORP              | US        |   1375000 | PA      | $1384161.35   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2019-C49                                  | CUSIP: 95001WBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $975121.50    | 0.24%             | 2052-03-15      | Variable      | 4.87%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2019-C52                                  | CUSIP: 95002MBC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1800000 | PA      | $1542394.08   | 0.39%             | 2052-08-15      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2021-4                                        | CUSIP: 36263DAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996185.60    | 0.25%             | 2028-10-16      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                             | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749791.07    | 0.19%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US Clo 18 Ltd                                        | CUSIP: 38139JAG7<br>LEI: 549300NF42KVPC7ZHX42 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000000.00   | 0.25%             | 2037-01-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                  | M/I Homes Inc                                                                   | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498973.15    | 0.12%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2020-C57                                  | CUSIP: 95002XBG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1381135.95   | 0.35%             | 2053-08-15      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2021-C60                                  | CUSIP: 95003DCB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    450000 | PA      | $374463.59    | 0.09%             | 2054-08-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| WSTRN MN MUNI PWR AGY          | Western Minnesota Municipal Power Agency                                        | CUSIP: 958697HP2<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1116411.40   | 0.28%             | 2046-01-01      | Fixed         | 6.77%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1003125.00   | 0.25%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2025-C11 Mortgage Trust                                                     | CUSIP: 05613XAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18344913 | PA      | $1475666.62   | 0.37%             | 2058-02-15      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $525719.25    | 0.13%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2020-BNK29                                                                 | CUSIP: 06541TBU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1048160.38   | 0.26%             | 2053-11-15      | Variable      | 3.14%                 | No            |                  2 | On Loan: No      |
| BYLINE BANCORP INC             | Byline Bancorp Inc                                                              | CUSIP: 124411AB5<br>LEI: 549300W7ODP4YL2H4823 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1799954.10   | 0.45%             | 2035-08-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS | Oklahoma Development Finance Authority                                          | CUSIP: 67884XCP0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1739817.28   | 0.44%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                            | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005660.00   | 0.25%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd          | Palmer Square CLO 2023-3 Ltd                                                    | CUSIP: 696926AG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002150.00   | 0.25%             | 2037-01-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 43 Ltd                                       | CUSIP: 64134AAQ5<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1996020.00   | 0.50%             | 2036-07-17      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Octagon 66 Ltd                 | Octagon 66 Ltd                                                                  | CUSIP: 67577WAU5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.50%             | 2036-11-16      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                            | CUSIP: 85172FAR0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1748705.53   | 0.44%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XV | Octagon Investment Partners XVII Ltd                                            | CUSIP: 67590GBN8<br>LEI: 54930007Y57X4ONHQV20 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000168.00   | 0.25%             | 2031-01-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP           | OneMain Finance Corp                                                            | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254222.25    | 0.06%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC             | Meta Platforms Inc                                                              | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000919.60   | 0.25%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INSTALLED BUILDING PRODU       | Installed Building Products Inc                                                 | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1256680.00   | 0.31%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MASS INSTITUTE OF TECH         | Massachusetts Institute of Technology                                           | CUSIP: 575718AB7<br>LEI: DLZO3A31IADZ27B62557 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $856623.40    | 0.21%             | 2114-07-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC          | Molina Healthcare Inc                                                           | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511382.14    | 0.13%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1                     | CUSIP: 61778GAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25997767 | PA      | $1131152.46   | 0.28%             | 2058-03-15      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                             | CUSIP: 64966HYM6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1329879.38   | 0.33%             | 2036-03-01      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX INDL DEV AUTH | Port of Beaumont Industrial Development Authority                               | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1359582.60   | 0.34%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC              | Post Holdings Inc                                                               | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1018142.00   | 0.25%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REGIONS BANK                   | Regions Bank/Birmingham AL                                                      | CUSIP: 75913MAA7<br>LEI: EQTWLK1G7ODGC2MGLV11 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1367069.24   | 0.34%             | 2037-06-26      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5250000 | PA      | $5334287.12   | 1.33%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UNIV OF MICHIGAN MI            | University of Michigan                                                          | CUSIP: 914455UJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1311000 | PA      | $1057639.81   | 0.26%             | 2122-04-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer | WaMu Mortgage Pass-Through Certificates Series 2005-AR14 Trust                  | CUSIP: 92922F4B1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1057643 | PA      | $999289.51    | 0.25%             | 2035-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP           | Wabash National Corp                                                            | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $916591.90    | 0.23%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON UNIVERSITY          | Washington University/The                                                       | CUSIP: 940663AD9<br>LEI: 2V765680J33YAZOYW441 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1163013.38   | 0.29%             | 2122-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2020-BNK29                                                                 | CUSIP: 06541TAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $969623.88    | 0.24%             | 2053-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 Trust 2025-5YR13                                                          | CUSIP: 06650CAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  40633343 | PA      | $1633025.60   | 0.41%             | 2058-01-15      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2025-C35                                                   | CUSIP: 07337DAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12000000 | PA      | $1530807.60   | 0.38%             | 2058-07-15      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                   | ADT Security Corp/The                                                           | CUSIP: 00109LAB9<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017455.00   | 0.25%             | 2033-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T | Alternative Loan Trust 2007-13                                                  | CUSIP: 02150MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2510384 | PA      | $1285594.39   | 0.32%             | 2047-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNIV SOUTHERN CALIFORNIA       | University of Southern California                                               | CUSIP: 914886AD8<br>LEI: 0GMCSQ6M60R4T46U5511 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1312496.35   | 0.33%             | 2120-10-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP        | Wintrust Financial Corp                                                         | CUSIP: 97650WAG3<br>LEI: Q774KI4AW80FHFW33O61 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1242170.14   | 0.31%             | 2029-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC        | Booz Allen Hamilton Inc                                                         | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1820347.48   | 0.46%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & | California Infrastructure & Economic Development Bank                           | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1275000.00   | 0.32%             | 2065-01-01      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| CASE WESTERN RESERVE UNI       | Case Western Reserve University                                                 | CUSIP: 14745XAA6<br>LEI: 2YXI7YIWYFWZG3QHF204 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1043900.55   | 0.26%             | 2122-06-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES            | Century Communities Inc                                                         | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1428571.35   | 0.36%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS       | Wyndham Hotels & Resorts Inc                                                    | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1481242.20   | 0.37%             | 2028-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE       | First Citizens BancShares Inc/NC                                                | CUSIP: 31959XAF0<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2046880.00   | 0.51%             | 2040-03-12      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC           | Amentum Holdings Inc                                                            | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1575685.50   | 0.39%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XXXIX Ltd                                                            | CUSIP: 03766HAY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $999897.00    | 0.25%             | 2038-10-21      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XXXI                                                                 | CUSIP: 03767XAC8<br>LEI: 549300IG6PHVJ3WBR394 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003464.00   | 0.25%             | 2031-04-15      | Floating      | 10.77%                | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                               | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1264609.06   | 0.32%             | 2032-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AECOM                          | AECOM                                                                           | CUSIP: 00766TAE0<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102871.50    | 0.03%             | 2033-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC       | Allison Transmission Inc                                                        | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249799.80    | 0.06%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC       | Allison Transmission Inc                                                        | CUSIP: 019736AF4<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254297.25    | 0.06%             | 2029-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLISON TRANSMISSION INC       | Allison Transmission Inc                                                        | CUSIP: 019736AH0<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    750000 | PA      | $757304.63    | 0.19%             | 2033-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC             | Ally Financial Inc                                                              | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2357060.65   | 0.59%             | 2033-02-14      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP              | Ares Capital Corp                                                               | CUSIP: 04010LBC6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $886177.16    | 0.22%             | 2031-11-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP        | Asbury Automotive Group Inc                                                     | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1704594.15   | 0.43%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 29 Ltd             | Elmwood CLO 29 Ltd                                                              | CUSIP: 29004HAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1988306.00   | 0.50%             | 2037-04-20      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| FNB CORP                       | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022844.47   | 0.26%             | 2030-12-11      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C68<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1073643.03   | 0.27%             | 2030-03-06      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2021-3                                        | CUSIP: 36263LAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $992906.60    | 0.25%             | 2028-10-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2024-2                                        | CUSIP: 37964VAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1026702.80   | 0.26%             | 2030-02-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US CLO 1 Ltd                                         | CUSIP: 38136FCA9<br>LEI: 549300BE2068MP2P8N06 | Long             | ABS-CBDO         | CORP              | KY        |   1300000 | PA      | $1290469.70   | 0.32%             | 2034-04-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXIV Ltd                                                              | CUSIP: 55954WAS8<br>LEI: 549300P6T1S83Z2MDF55 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000940.00   | 0.25%             | 2035-04-15      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                        | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027664.01   | 0.26%             | 2065-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                   | CUSIP: 57582PUE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040191.80   | 0.26%             | 2039-12-01      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG   | County of Miami-Dade FL                                                         | CUSIP: 59333NN82<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1243190.25   | 0.31%             | 2042-10-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC          | Molina Healthcare Inc                                                           | CUSIP: 60855RAJ9<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1217350.75   | 0.30%             | 2028-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MOOG INC                       | Moog Inc                                                                        | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1313402.77   | 0.33%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I 2017-HR2                                               | CUSIP: 61691NAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1338721.86   | 0.33%             | 2050-12-15      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 34 Ltd                                       | CUSIP: 64132YBQ4<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1006575.00   | 0.25%             | 2039-07-20      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                                  | CUSIP: 646136WU1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1156834.00   | 0.29%             | 2039-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                                   | CUSIP: 66285WFB7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1295978.78   | 0.32%             | 2049-01-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| THOR INDUSTRIES                | Thor Industries Inc                                                             | CUSIP: 885160AA9<br>LEI: 254900XZO1228PDSG060 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1197878.75   | 0.30%             | 2029-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513748.00    | 0.13%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                                          | CUSIP: 912803EK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $1633189.76   | 0.41%             | 2044-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1831796.88   | 0.46%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $975156.25    | 0.24%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Tra | VOLT XCV LLC                                                                    | CUSIP: 92873BAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    394769 | PA      | $395184.33    | 0.10%             | 2051-03-27      | Variable      | 8.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2018-C43                                  | CUSIP: 95001LAZ5<br>LEI: 549300RVQJTKIK3XGD11 | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1161576.75   | 0.29%             | 2051-03-15      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-C64                                  | CUSIP: 95004BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10909000 | PA      | $1697199.31   | 0.42%             | 2058-02-15      | Variable      | 2.35%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-C65                                  | CUSIP: 95004WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  17996730 | PA      | $1504650.84   | 0.38%             | 2058-10-15      | Variable      | 1.31%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | ARES LII CLO Ltd                                                                | CUSIP: 04009ABE9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1252282.50   | 0.31%             | 2031-04-22      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE       | Ashton Woods USA LLC / Ashton Woods Finance Co                                  | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $473779.90    | 0.12%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BOKF NA                        | BOKF NA                                                                         | CUSIP: 05572YHP0<br>LEI: FU7RSW4CQQY98A2O7J66 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1274133.55   | 0.32%             | 2040-11-06      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust             | BMO 2025-C13 Mortgage Trust                                                     | CUSIP: 05592YAK4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8142000 | PA      | $1115673.02   | 0.28%             | 2058-10-15      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2015-5 Ltd                                 | CUSIP: 14312JBU5<br>LEI: 5493007AYUHLOG0AMH17 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 0.50%             | 2032-01-20      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC         | Choice Hotels International Inc                                                 | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1542480.56   | 0.39%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Clover CLO                     | Clover CLO 2021-3 LLC                                                           | CUSIP: 18915FAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $991089.00    | 0.25%             | 2035-01-25      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD       | Aptiv Swiss Holdings Ltd                                                        | CUSIP: 03837AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   1500000 | PA      | $1521127.89   | 0.38%             | 2034-09-13      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| COMPEER FIN FLCA / PCA         | Compeer Financial FLCA/Compeer Financial PCA                                    | CUSIP: 20454PAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $202995.26    | 0.05%             | 2036-06-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL  | Connecticut State Health & Educational Facilities Authority                     | CUSIP: 20775DZM7<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    430000 | PA      | $473415.25    | 0.12%             | 2030-09-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP            | Fifth Third Bancorp                                                             | CUSIP: 316773CH1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1239524.49   | 0.31%             | 2038-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                  | M/I Homes Inc                                                                   | CUSIP: 55305BAV3<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1440842.70   | 0.36%             | 2030-02-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XLII Ltd                                                   | CUSIP: 55822RAF7<br>LEI: 549300YWZ8HFDYP0MR16 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001781.00   | 0.25%             | 2030-11-21      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXXIX Ltd                                                             | CUSIP: 559924AQ8<br>LEI: 529900728SHVCI48J015 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001016.00   | 0.25%             | 2037-01-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Citimortgage Alternative Loan  | CitiMortgage Alternative Loan Trust Series 2007-A1                              | CUSIP: 12566QAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1488074 | PA      | $1373439.02   | 0.34%             | 2037-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2019-C18 Commercial Mortgage Trust                                        | CUSIP: 12597DAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1167630.38   | 0.29%             | 2052-12-15      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2019-C18 Commercial Mortgage Trust                                        | CUSIP: 12597DAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125000 | PA      | $940640.51    | 0.24%             | 2052-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CNB FINANCIAL CORP/PA          | CNB Financial Corp/PA                                                           | CUSIP: 126128AB3<br>LEI: 254900RUYUOKD91VNX69 | Long             | SN               | CORP              | US        |   1000000 | PA      | $960692.76    | 0.24%             | 2031-06-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Cook Park CLO, Ltd             | Cook Park CLO Ltd                                                               | CUSIP: 21623RAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000000.00   | 0.25%             | 2030-04-17      | Floating      | 9.54%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2025-C35                     | CUSIP: 61779CAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  27977808 | PA      | $2037648.91   | 0.51%             | 2058-08-15      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 62 Ltd                                       | CUSIP: 64136GAL1<br>LEI: 254900SRG89PQ23CS052 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $993504.00    | 0.25%             | 2039-10-17      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO I Ltd.             | Elmwood CLO I Ltd                                                               | CUSIP: 29001QAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1478605.50   | 0.37%             | 2037-04-20      | Floating      | 10.28%                | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2250000 | PA      | $2251582.02   | 0.56%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer | WaMu Mortgage Pass-Through Certificates Series 2006-AR12 Trust                  | CUSIP: 93363NAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1245986 | PA      | $1162559.59   | 0.29%             | 2036-10-25      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2025-5C6                                  | CUSIP: 95004TAH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1257643.63   | 0.31%             | 2058-10-15      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT       | Science Applications International Corp                                         | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2484928.25   | 0.62%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT       | Science Applications International Corp                                         | CUSIP: 808625AB3<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249209.30    | 0.06%             | 2033-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | ARES XLIV CLO Ltd                                                               | CUSIP: 04016NBR3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2002678.00   | 0.50%             | 2034-04-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2022-C17                                                   | CUSIP: 054976AG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14886070 | PA      | $934989.57    | 0.23%             | 2055-09-15      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| WOLVERINE WORLD WIDE           | Wolverine World Wide Inc                                                        | CUSIP: 978097AG8<br>LEI: 549300OVC7PK14LQ8D87 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1376933.55   | 0.34%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC            | Sirius XM Radio LLC                                                             | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    700000 | PA      | $682950.17    | 0.17%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI       | Standard Building Solutions Inc                                                 | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    750000 | PA      | $769788.75    | 0.19%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC            | Station Casinos LLC                                                             | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512408.50    | 0.13%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications Inc                                                      | CUSIP: 92343VHH0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009247.98   | 0.25%             | 2045-11-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                    | Avient Corp                                                                     | CUSIP: 05368VAB2<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1276852.50   | 0.32%             | 2031-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2024-5C27                                                  | CUSIP: 05555FAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  35289987 | PA      | $894484.71    | 0.22%             | 2057-07-15      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2024-5YR8                                                                 | CUSIP: 065923BR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1034638.80   | 0.26%             | 2057-08-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Chenango Park CLO, Ltd.        | Chenango Park CLO Ltd                                                           | CUSIP: 16409TAU3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1258731.25   | 0.31%             | 2030-04-15      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                   | Cimpress PLC                                                                    | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1021332.00   | 0.26%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 15 Ltd             | Elmwood CLO 15 Ltd                                                              | CUSIP: 29003JAW4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $997384.00    | 0.25%             | 2035-04-22      | Floating      | 6.76%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738EBN4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2003008.00   | 0.50%             | 2025-12-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| UNIV OF VIRGINIA VA UNIV REVEN | University of Virginia                                                          | CUSIP: 915217XA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $589500.40    | 0.15%             | 2119-09-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| CREDIT ACCEPTANC               | Credit Acceptance Corp                                                          | CUSIP: 225310AS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1243256.93   | 0.31%             | 2030-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CUSHMAN & WAKEFIELD US         | Cushman & Wakefield US Borrower LLC                                             | CUSIP: 23166MAC7<br>LEI: 549300870CMN3WI5IF97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1073010.00   | 0.27%             | 2031-09-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CT4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1100254.88   | 0.28%             | 2034-02-10      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC              | Newell Brands Inc                                                               | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $944142.40    | 0.24%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NEW MEMPHIS ARENA PUBLIC BLDG  | New Memphis Arena Public Building Authority                                     | CUSIP: 64704CAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $673732.96    | 0.17%             | 2043-04-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2018-C45                                  | CUSIP: 95001NBD9<br>LEI: 5493006021R83VCLAO08 | Long             | ABS-MBS          | CORP              | US        |   1320000 | PA      | $1269237.82   | 0.32%             | 2051-06-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2019-C49                                  | CUSIP: 95001WAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1241119.35   | 0.31%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1079049.52   | 0.27%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC            | Sirius XM Radio LLC                                                             | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    750000 | PA      | $684563.55    | 0.17%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DANA INC                       | Dana Inc                                                                        | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1251500.00   | 0.31%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| EQUITY BANCSHARES INC          | Equity Bancshares Inc                                                           | CUSIP: 29460XAJ8<br>LEI: 549300BPQ2EJNU4WF694 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1282541.18   | 0.32%             | 2035-08-01      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-5                                      | CUSIP: 30165BAH6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2061225.00   | 0.52%             | 2032-05-17      | Fixed         | 7.22%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2021-1                                      | CUSIP: 30165XAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1491892.65   | 0.37%             | 2028-07-17      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                  | TransDigm Inc                                                                   | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040623.00   | 0.26%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                                          | CUSIP: 912803EL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $1209025.41   | 0.30%             | 2045-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2021-3                                      | CUSIP: 30166AAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1984683.20   | 0.50%             | 2028-12-15      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FTZM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14770666 | PA      | $1454700.84   | 0.36%             | 2035-02-25      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| PHINIA INC                     | Phinia Inc                                                                      | CUSIP: 71880KAB7<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1298892.50   | 0.32%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                | Sealed Air Corp                                                                 | CUSIP: 81211KBA7<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007734.00   | 0.25%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SENSATA TECHNOLOGIES BV        | Sensata Technologies BV                                                         | CUSIP: 81725WAK9<br>LEI: PUCKW5P5O3XMOZVH7T53 | Long             | DBT              | CORP              | NL        |    865000 | PA      | $845485.69    | 0.21%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                                          | CUSIP: 912803EF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2350000 | PA      | $998670.78    | 0.25%             | 2044-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC           | Amkor Technology Inc                                                            | CUSIP: 031652BL3<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254817.50    | 0.06%             | 2033-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L       | Amneal Pharmaceuticals LLC                                                      | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $264381.75    | 0.07%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XXIII                                                                | CUSIP: 03765YBN3<br>LEI: 635400C39IXGGYE6DH05 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1999864.00   | 0.50%             | 2033-04-15      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XLVI Ltd                                                             | CUSIP: 03770RAY8<br>LEI: 254900XSALC4GJ58ZP29 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1003321.00   | 0.25%             | 2038-10-24      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| WSFS FINANCIAL CORP            | WSFS Financial Corp                                                             | CUSIP: 929328AF9<br>LEI: 549300SU7VQHD6QRG886 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999250.00    | 0.25%             | 2030-12-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2024-C30                                                   | CUSIP: 05493YAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22765419 | PA      | $1397437.01   | 0.35%             | 2057-11-15      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2025-BNK49                                                                 | CUSIP: 05494FBY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  30428818 | PA      | $1431055.16   | 0.36%             | 2058-03-15      | Variable      | 0.83%                 | No            |                  2 | On Loan: No      |
| Basswood Park CLO Ltd          | Basswood Park CLO Ltd                                                           | CUSIP: 070252AQ4<br>LEI: 5493005HSAGIQZIVAS94 | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1238146.25   | 0.31%             | 2034-04-20      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2024-5C31                                                  | CUSIP: 07336YAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  27994639 | PA      | $1062746.50   | 0.27%             | 2057-12-15      | Variable      | 1.28%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2024-V6 Mortgage Trust                                                | CUSIP: 081927AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  24931132 | PA      | $969309.96    | 0.24%             | 2057-03-15      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US Clo 15 Ltd                                        | CUSIP: 38139BBL2<br>LEI: 549300JGUKVX0EDNOJ93 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1000000.00   | 0.25%             | 2038-10-20      | Floating      | 7.61%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                      | IQVIA Inc                                                                       | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523607.50    | 0.13%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC        | Light & Wonder International Inc                                                | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503385.00    | 0.13%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC              | Lithia Motors Inc                                                               | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $960518.10    | 0.24%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Alinea CLO LTD                 | Alinea CLO 2018-1 Ltd                                                           | CUSIP: 016269AL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1200000 | PA      | $1197951.60   | 0.30%             | 2031-07-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| AMER AGCREDIT ACA              | American AgCredit Corp                                                          | CUSIP: 02369GAA3<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1500000 | PA      | $1466932.50   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| RENASANT CORP                  | Renasant Corp                                                                   | CUSIP: 75970EAD9<br>LEI: 549300OVE6OZHW2UUH81 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1867426.48   | 0.47%             | 2035-09-15      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC            | Station Casinos LLC                                                             | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990303.10    | 0.25%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE H       | Synergy Infrastructure Holdings LLC                                             | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1032784.47   | 0.26%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TOPBUILD CORP                  | TopBuild Corp                                                                   | CUSIP: 89055FAD5<br>LEI: 5493007YSKHOL4RWII46 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253601.61    | 0.06%             | 2034-01-31      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T | Alternative Loan Trust 2005-80CB                                                | CUSIP: 12668BGG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1123189 | PA      | $1166194.19   | 0.29%             | 2036-02-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2015-4 Ltd                                 | CUSIP: 14311NBL7<br>LEI: 549300Q4PPEXLDSOKL32 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999934.00    | 0.25%             | 2032-07-20      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| TRUSTMARK CORP                 | Trustmark Corp                                                                  | CUSIP: 898402AA0<br>LEI: 5493000HPQ4D2RZ79739 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.25%             | 2030-12-01      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                                          | CUSIP: 912803DZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $1140012.48   | 0.29%             | 2042-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2300000 | PA      | $2348111.33   | 0.59%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1235498.05   | 0.31%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES    | University of California                                                        | CUSIP: 91412GC86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1045333.88   | 0.26%             | 2115-05-15      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | CARLYLE US CLO 2019-1 LTD                                                       | CUSIP: 14316BBQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998268.00    | 0.25%             | 2031-04-20      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                   | Centene Corp                                                                    | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967545.30    | 0.24%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COLORADO ST COPS               | State of Colorado                                                               | CUSIP: 196711MA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1673089.20   | 0.42%             | 2045-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2024-4                                      | CUSIP: 30166UAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2107244.00   | 0.53%             | 2032-02-17      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HDUX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  57985270 | PA      | $1393896.31   | 0.35%             | 2034-05-25      | Variable      | 0.47%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2021-2                                        | CUSIP: 36261XAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $996520.20    | 0.25%             | 2028-05-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL        | Garrett Motion Holdings Inc / Garrett LX I Sarl                                 | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057731.00   | 0.26%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXXII Ltd                                                             | CUSIP: 55953WAU4<br>LEI: 549300QUG3I8PF6T6C52 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1501842.00   | 0.38%             | 2037-10-15      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                | Masterbrand Inc                                                                 | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |    750000 | PA      | $774671.25    | 0.19%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP            | Meritage Homes Corp                                                             | CUSIP: 59001ABG6<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1540392.30   | 0.39%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE       | Ashton Woods USA LLC / Ashton Woods Finance Co                                  | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006015.00   | 0.25%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BALL CORP                      | Ball Corp                                                                       | CUSIP: 058498BA3<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    800000 | PA      | $815628.00    | 0.20%             | 2033-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banc of America Alternative Lo | Banc of America Alternative Loan Trust 2006-2                                   | CUSIP: 05948K3B3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    762123 | PA      | $663862.57    | 0.17%             | 2036-03-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANK OZK                       | Bank OZK                                                                        | CUSIP: 06417NA94<br>LEI: 549300VYK2WBD7SST478 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1414965.00   | 0.35%             | 2031-10-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2018-BNK10                                                                 | CUSIP: 065404AA3<br>LEI: 549300GL0Y86051URC66 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $860207.90    | 0.22%             | 2061-02-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Bank                           | BANK 2019-BNK23                                                                 | CUSIP: 06541RBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $867665.10    | 0.22%             | 2052-12-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B29 Mortgage Trust                                               | CUSIP: 08163JAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1205202.30   | 0.30%             | 2054-09-15      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2025-B41 Mortgage Trust                                               | CUSIP: 081935AY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  19987879 | PA      | $1524969.19   | 0.38%             | 2068-07-15      | Variable      | 1.21%                 | No            |                  2 | On Loan: No      |
| BLOOMIN' BRANDS INC/OSI        | Bloomin' Brands Inc / OSI Restaurant Partners LLC                               | CUSIP: 094234AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1121673.25   | 0.28%             | 2029-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $702338.52    | 0.18%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-C2                                     | CUSIP: 17291CBU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $980793.10    | 0.25%             | 2049-08-10      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| Fort Greene Park CLO           | Fort Greene Park CLO LLC                                                        | CUSIP: 18914KAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1238205.00   | 0.31%             | 2034-04-22      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST         | Commonwealth Bank of Australia                                                  | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1038748.14   | 0.26%             | 2046-03-14      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1220051.89   | 0.31%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137F8TU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  24264580 | PA      | $1024140.00   | 0.26%             | 2035-12-25      | Variable      | 0.69%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FV5Q1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  25746356 | PA      | $1321501.25   | 0.33%             | 2030-06-25      | Variable      | 1.47%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FXQX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  24517184 | PA      | $1459488.33   | 0.37%             | 2035-10-25      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HHJ28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  30596758 | PA      | $1407707.86   | 0.35%             | 2034-09-25      | Variable      | 0.79%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137HN4T2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  41425071 | PA      | $1474570.98   | 0.37%             | 2030-05-25      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| FIRST FINANCIAL BANCORP        | First Financial Bancorp                                                         | CUSIP: 320209AB5<br>LEI: 549300D3F5B3EZMY7P77 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1273216.24   | 0.32%             | 2030-05-15      | Variable      | 8.96%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US Clo 17 Ltd                                        | CUSIP: 38139FAY6<br>LEI: 549300TS068SCJRDSP12 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1001237.00   | 0.25%             | 2039-01-20      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC       | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc       | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $927098.10    | 0.23%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite 50 Ltd                                                                | CUSIP: 55956MAL3<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005706.00   | 0.25%             | 2038-07-25      | Floating      | 8.21%                 | No            |                  2 | On Loan: No      |
| OHIO ST UNIV                   | Ohio State University/The                                                       | CUSIP: 677632PA3<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1328339.00   | 0.33%             | 2111-06-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2122874.96   | 0.53%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RENASANT CORP                  | Renasant Corp                                                                   | CUSIP: 75970EAE7<br>LEI: 549300OVE6OZHW2UUH81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $932500.00    | 0.23%             | 2031-12-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC               | Sensata Technologies Inc                                                        | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1221808.75   | 0.31%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MIDWEST GMNG BOR/MWG FIN       | Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp                       | CUSIP: 59833DAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1714378.05   | 0.43%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2017-H1                                          | CUSIP: 61691JBA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1416715.05   | 0.35%             | 2050-06-15      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| SOUTHSIDE BANCSHARES INC       | Southside Bancshares Inc                                                        | CUSIP: 84470PAG4<br>LEI: 549300TC83207VQA2K65 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2000676.17   | 0.50%             | 2035-08-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                                          | CUSIP: 912803EJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1900000 | PA      | $786179.15    | 0.20%             | 2044-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2021-L5                                          | CUSIP: 61691YBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1385000 | PA      | $1210162.17   | 0.30%             | 2054-05-15      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34                     | CUSIP: 61767EAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $741995.50    | 0.19%             | 2052-11-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2019-H7                                          | CUSIP: 61771MBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $920087.20    | 0.23%             | 2052-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 27 Ltd                                       | CUSIP: 64131UAL5<br>LEI: 549300IWMW28G8CR9G28 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1014000.00   | 0.25%             | 2038-07-15      | Floating      | 10.65%                | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 39 Ltd                                       | CUSIP: 64134FAL5<br>LEI: 549300VZYYV7KE4XNU69 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2006054.00   | 0.50%             | 2038-04-20      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** Trust for Professional Managers

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer