# EDGAR Filing Document

**Accession Number:** 0001562565
**File Stem:** 0001752724-25-176695
**Filing Date:** 2025-7
**Character Count:** 239420
**Document Hash:** a7cf99ccea86b54e0364bb17fe5fb2a4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-176695.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001752724-25-176695

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Merrimack Street Trust
- **CENTRAL INDEX KEY:** 0001562565

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22796
- **FILM NUMBER:** 251146286

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity Low Duration Bond ETF (Series ID: S000084018)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000248144 | Fidelity Low Duration Bond ETF | FLDB            |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Fidelity® Low Duration Bond ETF**

**May 31, 2025**

LOD-NPRT3-0725

1.9911012.101 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Asset-Backed Securities - 21.9%** | &nbsp;&nbsp;**Asset-Backed Securities - 21.9%** | &nbsp;&nbsp;**Asset-Backed Securities - 21.9%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| BAILIWICK OF JERSEY - 0.7%  |  |  |
| Hartwick Park Clo Ltd Series 2024-1A Class AR, CME Term SOFR 3 month Index + 1.16%, 5.4295% 1/20/2037 (b)(c)(d) | 749000 | 747880 |
| Neuberger Berman Ln Advisers Nbla Clo 50 Ltd / Neuberger Berman Ln Series 2024-50A Class AR, CME Term SOFR 3 month Index + 1.25%, 5.5293% 7/23/2036 (b)(c)(d) | 1500000 | 1500290 |
| Valley Stream Pk Clo Ltd / Vy Stream Pk Clo LLC Series 2024-1A Class ARR, CME Term SOFR 3 month Index + 1.19%, 5.4595% 1/20/2037 (b)(c)(d) | 558000 | 557389 |
| TOTAL BAILIWICK OF JERSEY |  | 2805559 |
| CANADA - 0.2%  |  |  |
| Chesapeake Funding II LLC Series 2023-2A Class A1, 6.16% 10/15/2035 (c) | 697197 | 705633 |
| GRAND CAYMAN (UK OVERSEAS TER) - 3.2%  |  |  |
| Ares Lii Clo Ltd Series 2025-52A Class A1RR, CME Term SOFR 3 month Index + 0.88%, 5.1524% 4/22/2031 (b)(c)(d) | 535315 | 534512 |
| Ares LIV CLO Ltd Series 2024-54A Class AR, CME Term SOFR 3 month Index + 1.27%, 5.5261% 10/15/2032 (b)(c)(d) | 273285 | 273359 |
| Barings CLO Ltd Series 2024-3A Class A1RR, CME Term SOFR 3 month Index + 1.14%, 5.4095% 1/20/2036 (b)(c)(d) | 940000 | 939622 |
| Buckhorn Park Clo Ltd Series 2024-1A Class ARR, CME Term SOFR 3 month Index + 1.07%, 5.3395% 7/18/2034 (b)(c)(d) | 910000 | 908458 |
| Dryden 104 Clo Ltd / Dryden 104 Clo LLC Series 2024-104A Class A1R, CME Term SOFR 3 month Index + 1.29%, 5.612% 8/20/2034 (b)(c)(d) | 566000 | 566138 |
| Dryden 68 Clo Ltd Series 2024-68A Class ARR, CME Term SOFR 3 month Index + 1.1%, 5.3561% 7/15/2035 (b)(c)(d) | 853000 | 849875 |
| Flatiron Clo 28 Ltd / Flatiron Clo 28 LLC Series 2024-1A Class A1, CME Term SOFR 3 month Index + 1.32%, 5.5761% 7/15/2036 (b)(c)(d) | 1038000 | 1038342 |
| Madison Park Funding Xxiii Ltd Series 2021-23A Class AR, CME Term SOFR 3 month Index + 1.2316%, 5.5142% 7/27/2031 (b)(c)(d) | 877365 | 876894 |
| Madison Pk Fdg Xlv Ltd / Madison Pk Fdg Xlv LLC Series 2024-45A Class ARR, CME Term SOFR 3 month Index + 1.08%, 5.3361% 7/15/2034 (b)(c)(d) | 845000 | 842199 |
| Magnetite Xxii Ltd / Magnetite Xxii LLC Series 2024-22A Class ARR, CME Term SOFR 3 month Index + 1.25%, 5.5061% 7/15/2036 (b)(c)(d) | 892000 | 892183 |
| Oha Credit Funding 22 Ltd Series 2025-22A Class A1, CME Term SOFR 3 month Index + 1.33%, 0% 7/20/2038 (b)(c)(d) | 787000 | 787856 |
| Palmer Square Loan Funding Ltd / Palmer Square Loan Funding LLC Series 2022-1A Class A2, CME Term SOFR 3 month Index + 1.6%, 5.8561% 4/15/2030 (b)(c)(d) | 1150000 | 1151198 |
| Palmer Square Loan Funding Ltd Series 2024-2A Class A1N, CME Term SOFR 3 month Index + 1%, 5.2561% 1/15/2033 (b)(c)(d) | 227229 | 227264 |
| Palmer Square Loan Funding Ltd Series 2024-3A Class A1, CME Term SOFR 3 month Index + 1.08%, 5.3873% 8/8/2032 (b)(c)(d) | 452205 | 452266 |
| Palmer Square Loan Funding Ltd Series 2024-3A Class A1BR, CME Term SOFR 3 month Index + 1.4%, 5.6561% 4/15/2031 (b)(c)(d) | 925000 | 924419 |
| Voya Clo 2022-1 Ltd / Voya Clo 2022-1 LLC Series 2024-1A Class A1R, CME Term SOFR 3 month Index + 1.25%, 5.5195% 4/20/2035 (b)(c)(d) | 696000 | 695331 |
| TOTAL GRAND CAYMAN (UK OVERSEAS TER) |  | 11959916 |
| UNITED STATES - 17.8%  |  |  |
| Affirm Asset Securitization Trust Series 2024-X1 Class A, 6.27% 5/15/2029 (c) | 16526 | 16544 |
| Affirm Asset Securitization Trust Series 2024-X2 Class A, 5.22% 12/17/2029 (c) | 542393 | 542564 |
| Affirm Asset Securitization Trust Series 2025-X1 Class A, 5.08% 4/15/2030 (c) | 370000 | 369921 |
| Ally Auto Receivables Trust Series 2022-2 Class A3, 4.76% 5/17/2027  | 366150 | 366213 |
| Ally Auto Receivables Trust Series 2024-1 Class A2, 5.32% 1/15/2027  | 3798 | 3801 |
| Ari Fleet Lease Trust 2024-B Series 2024-B Class A2, 5.54% 4/15/2033 (c) | 80886 | 81308 |
| Autonation Finance Trust Series 2025-1A Class A2, 4.72% 4/10/2028 (c) | 165000 | 165037 |
| Bank of America Credit Card Master Trust Series 2022-A1 Class A1, 3.53% 11/15/2027  | 1510000 | 1509466 |
| BMW Vehicle Lease Trust Series 2024-1 Class A2B, U.S. 30-Day Avg. SOFR Index + 0.4%, 4.722% 7/27/2026 (b)(d) | 5188 | 5188 |
| BofA Auto Trust Series 2024-1A Class A2, 5.57% 12/15/2026 (c) | 219652 | 220046 |
| BofA Auto Trust Series 2025-1A Class A2A, 4.52% 11/22/2027 (c) | 340000 | 339747 |
| Capital One Prime Auto Receivables Trust Series 2024-1 Class A2A, 4.61% 10/15/2027  | 821885 | 821899 |
| CarMax Auto Owner Trust Series 2022-2 Class A3, 3.49% 2/16/2027  | 256363 | 255606 |
| CarMax Auto Owner Trust Series 2022-3 Class A3, 3.97% 4/15/2027  | 559298 | 557754 |
| CarMax Auto Owner Trust Series 2023-4 Class A2A, 6.08% 12/15/2026  | 136062 | 136260 |
| CarMax Auto Owner Trust Series 2024-1 Class A2A, 5.3% 3/15/2027  | 337959 | 338377 |
| CarMax Auto Owner Trust Series 2024-2 Class A2A, 5.65% 5/17/2027  | 432467 | 433460 |
| CarMax Auto Owner Trust Series 2024-2 Class A2B, U.S. 30-Day Avg. SOFR Index + 0.73%, 4.9113% 5/17/2027 (b)(d) | 712075 | 712410 |
| CarMax Auto Owner Trust Series 2024-3 Class A2A, 5.21% 9/15/2027  | 549753 | 550855 |
| Carmax Auto Owner Trust Series 2024-4 Class A2A, 4.67% 12/15/2027  | 570005 | 570106 |
| Carmax Auto Owner Trust Series 2025-2 Class A2A, 4.59% 7/17/2028  | 525000 | 525230 |
| CarMax Select Receivables Trust Series 2024-A Class A2A, 5.78% 9/15/2027  | 32754 | 32872 |
| Carvana Auto Receivables Trust Series 2024-P4 Class A2, 4.62% 2/10/2028  | 400829 | 400637 |
| Carvana Auto Receivables Trust Series 2025-P1 Class A2, 4.5% 6/12/2028  | 295000 | 294527 |
| Chase Auto Owner Trust Series 2024-3A Class A2, 5.53% 9/27/2027 (c) | 250812 | 251446 |
| Chase Auto Owner Trust Series 2024-4A Class A2, 5.25% 9/27/2027 (c) | 513267 | 514400 |
| Chase Issuance Trust Series 2022-A1 Class A, 3.97% 9/15/2027  | 1500000 | 1497102 |
| Citizens Auto Receivables Trust Series 2024-1 Class A2A, 5.43% 10/15/2026 (c) | 221530 | 221745 |
| Daimler Trucks Retail Trust Series 2024-1 Class A2, 5.6% 4/15/2026  | 373113 | 373487 |
| Dell Equip Fin Trust Series 2024-2 Class A2, 4.69% 8/22/2030 (c) | 670000 | 670376 |
| Dell Equip Fin Trust Series 2025-1 Class A2, 4.68% 7/22/2027 (c) | 130000 | 130249 |
| Dell Equipment Finance Trust Series 2023-1 Class A3, 5.65% 9/22/2028 (c) | 620036 | 621455 |
| Dext Abs LLC Series 2025-1 Class A2, 4.59% 8/16/2027 (c) | 260000 | 259552 |
| DLLAA LLC Series 2025-1A Class A2, 4.7% 10/20/2027 (c) | 365000 | 365289 |
| DLLAD Series 2024-1A Class A2, 5.5% 8/20/2027 (c) | 282047 | 283222 |
| DRIVE Series 2025-1 Class A2, 4.87% 8/15/2028  | 535000 | 534978 |
| Enterprise Fleet Financing 2025-2 LLC Series 2025-2 Class A2, 4.51% 2/22/2028 (c) | 1106000 | 1104720 |
| Enterprise Fleet Financing LLC Series 2024-3 Class A2, 5.31% 4/20/2027 (c) | 563450 | 565239 |
| Enterprise Fleet Financing LLC Series 2024-4 Class A2, 4.69% 7/20/2027 (c) | 920000 | 920312 |
| Enterprise Fleet Financing LLC Series 2025-1 Class A2, 4.65% 10/20/2027 (c) | 775000 | 775445 |
| Enterprise Fleet Financing Series 2024-2 Class A2, 5.74% 12/20/2026 (c) | 130927 | 131497 |
| Exeter Automobile Receivables Trust Series 2025-3A Class A2, 4.83% 1/18/2028  | 810000 | 810104 |
| Exeter Select Automobile Receivables Trust Series 2025-1 Class A2, 4.83% 10/16/2028  | 40000 | 39966 |
| Flatiron Clo 23 LLC Series 2025-1A, CME Term SOFR 3 month Index + 1.24%, 0% 4/17/2036 (b)(c)(d) | 981000 | 981000 |
| Flatiron Rr Clo 22 LLC Series 2025-2A Class AR, CME Term SOFR 3 month Index + 0.91%, 5.1661% 10/15/2034 (b)(c)(d) | 1100000 | 1091632 |
| Ford Credit Auto Lease Trust Series 2025-A Class A2A, 4.57% 8/15/2027  | 775000 | 774641 |
| Ford Credit Auto Owner Trust Series 2020-2 Class A, 1.06% 4/15/2033 (c) | 1200000 | 1184066 |
| Ford Credit Auto Owner Trust Series 2020-2 Class B, 1.49% 4/15/2033 (c) | 900000 | 888320 |
| Ford Credit Auto Owner Trust Series 2023-A Class A3, 4.65% 2/15/2028  | 854985 | 855315 |
| Ford Credit Auto Owner Trust Series 2024-D Class A2A, 4.59% 10/15/2027  | 615000 | 615109 |
| Ford Credit Auto Owner Trust Series 2025-A Class A2A, 4.47% 12/15/2027  | 1100000 | 1098716 |
| Ford Credit Floorplan Master Owner Trust A Series 2020-2 Class A, 1.06% 9/15/2027  | 25000 | 24744 |
| FORDO Series 2024-B Class A2A, 5.4% 4/15/2027  | 485047 | 486319 |
| GM Financial Automobile Leasing Trust Series 2024-2 Class A2A, 5.43% 9/21/2026  | 512880 | 514044 |
| GM Financial Automobile Leasing Trust Series 2025-1 Class A2A, 4.54% 5/20/2027 (d) | 1100000 | 1100701 |
| Gm Financial Consumer Automobile Receivables Trust Series 2021-4 Class A3, 0.68% 9/16/2026  | 89380 | 89221 |
| GM Financial Consumer Automobile Receivables Trust Series 2022-2 Class A3, 3.1% 2/16/2027  | 6083 | 6057 |
| GM Financial Consumer Automobile Receivables Trust Series 2022-4 Class A3, 4.82% 8/16/2027  | 16234 | 16247 |
| GM Financial Consumer Automobile Receivables Trust Series 2025-2 Class A2A, 4.4% 2/16/2028  | 1045000 | 1044426 |
| GM Financial Leasing Trust Series 2024-1 Class A2A, 5.18% 6/22/2026  | 373066 | 373315 |
| Gm Finl Consumer Automobile Receivables Trust Series 2024-4 Class A2A, 4.53% 10/18/2027  | 703505 | 703056 |
| GMF Floorplan Owner Revolving Trust Series 2023-1 Class A2, U.S. 30-Day Avg. SOFR Index + 1.15%, 5.4823% 6/15/2028 (b)(c)(d) | 1111000 | 1116676 |
| GMF Floorplan Owner Revolving Trust Series 2024-3A Class A1, 4.68% 11/15/2028 (c) | 940000 | 941851 |
| GMF Floorplan Owner Revolving Trust Series 2025-1A Class A2, U.S. 30-Day Avg. SOFR Index + 0.6%, 4.9323% 3/15/2029 (b)(c)(d) | 705000 | 703531 |
| Gmf Leasing LLC Series 2025-2 Class A2A, 4.55% 7/20/2027  | 950000 | 949822 |
| Harot Series 2025-2 Class A2A, 4.3% 1/18/2028  | 953000 | 950798 |
| Honda Auto Receivables Owner Trust Series 2025-1 Class A2, 4.53% 8/23/2027  | 1100000 | 1100686 |
| Honda Auto Receivables Series 2024-2 Class A2, 5.48% 11/18/2026  | 457770 | 458606 |
| HPEFS Equipment Trust Series 2024-2A Class A2, 5.5% 10/20/2031 (c) | 379246 | 380048 |
| Hyundai Auto Lease Securitization Trust Series 2023-B Class A3, 5.15% 6/15/2026 (c) | 233601 | 233707 |
| Hyundai Auto Lease Securitization Trust Series 2023-C Class A3, 5.8% 12/15/2026 (c) | 1404320 | 1409187 |
| Hyundai Auto Lease Securitization Trust Series 2024-B Class A2A, 5.51% 10/15/2026 (c) | 518295 | 519432 |
| Hyundai Auto Lease Securitization Trust Series 2025-B Class A2A, 4.58% 9/15/2027 (c) | 915000 | 916258 |
| Hyundai Auto Receivables Trust Series 2022-B Class A3, 3.72% 11/16/2026  | 5728 | 5718 |
| Hyundai Auto Receivables Trust Series 2024-A Class A2A, 5.29% 4/15/2027  | 5298 | 5308 |
| Hyundai Auto Receivables Trust Series 2024-C Class A2A, 4.53% 9/15/2027  | 744421 | 744256 |
| John Deere Owner Trust Series 2024-A Class A2A, 5.19% 2/16/2027  | 9177 | 9190 |
| John Deere Owner Trust Series 2024-C Class A2B, U.S. 30-Day Avg. SOFR Index + 0.43%, 4.7613% 8/16/2027 (b)(d) | 747186 | 747447 |
| Juniper Valley Park CLO LLC Series 2024-1A Class AR, CME Term SOFR 3 month Index + 1.25%, 5.5195% 7/20/2036 (b)(c)(d) | 1419000 | 1420440 |
| Kubota Credit Owner Trust Series 2024-2A Class A2, 5.45% 4/15/2027 (c) | 283307 | 284646 |
| Kubota Credit Owner Trust Series 2025-1A Class A2, 4.61% 12/15/2027 (c) | 1015000 | 1016480 |
| M&T Equipment Notes Series 2025-1A Class A2, 4.7% 12/16/2027 (c) | 445000 | 445555 |
| Marlette Funding Trust Series 2024-1A Class A, 5.95% 7/17/2034 (c) | 20828 | 20860 |
| Mercedes-Benz Auto Lease Trust Series 2024-A Class A2A, 5.44% 2/16/2027  | 680430 | 682081 |
| Mercedes-Benz Auto Lease Trust Series 2025-A Class A2A, 4.57% 4/17/2028  | 700000 | 701246 |
| Mercedes-Benz Auto Receivables Series 2023-1 Class A3, 4.51% 11/15/2027  | 439462 | 439267 |
| Mercedes-Benz Auto Receivables Trust Series 2022-1 Class A3, 5.21% 8/16/2027  | 496830 | 498312 |
| Oportun Funding Trust Series 2024-3 Class A, 5.26% 8/15/2029 (c) | 86988 | 86982 |
| Porsche Financial Auto Securitization Trust Series 2024-1A Class A2A, 4.45% 1/24/2028 (c) | 775804 | 775191 |
| Porsche Innovative Lease Owner Trust Series 2025-1A Class A2A, 4.6% 12/20/2027 (c) | 565000 | 565515 |
| Post Road Equipment Finance LLC Series 2025-1A Class A2, 4.9% 5/15/2031 (c) | 100000 | 100303 |
| Santander Drive Auto Receivables Trust Series 2024-3 Class A2, 5.91% 6/15/2027  | 141455 | 141590 |
| Santander Drive Auto Receivables Trust Series 2025-2 Class A2, 4.71% 6/15/2028  | 1100000 | 1100023 |
| SBNA Auto Lease Trust Series 2024-B Class A2, 5.67% 11/20/2026 (c) | 250977 | 251346 |
| SBNA Auto Lease Trust Series 2024-C Class A2, 4.94% 11/20/2026 (c) | 281361 | 281416 |
| SFAST Series 2025-1A Class A2, 4.65% 5/22/2028 (c) | 812398 | 812314 |
| SFS Auto Receivables Securitization Trust Series 2024-1A Class A2, 5.35% 6/21/2027 (c) | 3354 | 3356 |
| SFS Auto Receivables Securitization Trust Series 2024-2A Class A2, 5.71% 10/20/2027 (c) | 336292 | 337157 |
| Sfs Auto Receivables Securitization Trust Series 2024-3A Class A2, 4.71% 5/22/2028 (c) | 314131 | 314036 |
| Tesla Auto Lease Trust 23-A Series 2023-A Class A3, 5.89% 6/22/2026 (c) | 7166 | 7176 |
| Tesla Auto Lease Trust Series 2023-B Class A3, 6.13% 9/21/2026 (c) | 14616 | 14673 |
| Tesla Auto Lease Trust Series 2024-B Class A2A, 4.79% 1/20/2027 (c) | 372542 | 372517 |
| Tesla Electric Vehicle Trust Series 2023-1 Class A2A, 5.54% 12/21/2026 (c) | 335452 | 335979 |
| Tesla Series 2024-A Class A2A, 5.37% 6/22/2026 (c) | 192 | 191 |
| Toyota Auto Receivables 2022-C Owner Tr Series 2022-C Class A3, 3.76% 4/15/2027  | 143239 | 142725 |
| Toyota Auto Receivables Owner Trust Series 2023-A Class A3, 4.63% 9/15/2027  | 485955 | 485996 |
| Toyota Auto Receivables Owner Trust Series 2024-B Class A2A, 5.41% 3/15/2027  | 456283 | 457121 |
| Toyota Auto Receivables Owner Trust Series 2025-B Class A2A, 4.46% 3/15/2028  | 1120000 | 1120365 |
| Toyota Lease Owner Trust Series 2023-A Class A3, 4.93% 4/20/2026 (c) | 106014 | 106037 |
| Toyota Lease Owner Trust Series 2023-B Class A3, 5.66% 11/20/2026 (c) | 1263858 | 1268557 |
| Toyota Lease Owner Trust Series 2025-A Class A2A, 4.58% 7/20/2027 (c) | 675000 | 675801 |
| Verizon Master Trust Series 2025-3 Class A1A, 4.51% 3/20/2030  | 920000 | 921255 |
| Volkswagen Auto Lease Trust Series 2024-A Class A2B, U.S. 30-Day Avg. SOFR Index + 0.47%, 4.7966% 12/21/2026 (b)(d) | 882921 | 881942 |
| Volkswagen Auto Loan Enhanced Trust Series 2024-1 Class A2A, 4.65% 11/22/2027  | 933215 | 933696 |
| Volvo Financial Equipment LLC Series 2024-1A Class A2, 4.56% 5/17/2027 (c) | 560000 | 559740 |
| Wheels Fleet Lease Funding 1 LLC Series 2024-1A Class A2, 5.1567% 2/18/2039 (c)(d) | 894640 | 895684 |
| Wheels Fleet Lease Funding 1 LLC Series 2024-2A Class A2, CME Term SOFR 1 month Index + 1%, 5.3267% 6/21/2039 (b)(c)(d) | 459000 | 460718 |
| Wheels Fleet Lease Funding 1 LLC Series 2025-1A Class A2, CME Term SOFR 1 month Index + 0%, 4.9868% 1/18/2040 (b)(c)(d) | 1070000 | 1070187 |
| Woart Series 2025-B Class A2A, 4.38% 8/15/2028  | 1120000 | 1118693 |
| World Omni Auto Receivables Trust Series 2024-B Class A2A, 5.48% 9/15/2027  | 342020 | 342670 |
| World Omni Auto Receivables Trust Series 2025-A Class A2A, 4.49% 4/17/2028  | 820000 | 819793 |
| World Omni Automobile Lease Securitization Trust Series 2024-A Class A2A, 5.32% 2/16/2027  | 6133 | 6147 |
| World Omni Automobile Lease Securitization Trust Series 2024-A Class A2B, 4.7623% 2/16/2027 (d) | 414812 | 414918 |
| World Omni Select Auto Trust Series 2024-A Class A2A, 5.37% 2/15/2028  | 488283 | 489449 |
| TOTAL UNITED STATES |  | 66540008 |
| <br> **TOTAL ASSET-BACKED SECURITIES**<br> (Cost $81,891,370) |  | <br> **82011116** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.0%** | &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.0%** | &nbsp;&nbsp;**Collateralized Mortgage Obligations - 0.0%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 0.0%  |  |  |
| CFMT LLC Series 2024-HB13 Class A, 3% 5/25/2034 (c)(d)<br> (Cost $94,840) | 99073 | **97148** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Commercial Mortgage Securities - 3.3%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 3.3%** | &nbsp;&nbsp;**Commercial Mortgage Securities - 3.3%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| UNITED STATES - 3.3%  |  |  |
| ALA Trust Series 2025-OANA Class A, CME Term SOFR 1 month Index + 1.7426%, 6.0426% 6/15/2030 (b)(c)(d) | 820000 | 823434 |
| BANK Series 2017-BNK5 Class ASB, 3.179% 6/15/2060  | 63922 | 62956 |
| Benchmark Mortgage Trust Series 2018-B2 Class ASB, 3.7802% 2/15/2051  | 109917 | 108741 |
| BLP Commercial Mortgage Trust Series 2024-IND2 Class A, CME Term SOFR 1 month Index + 1.3422%, 5.6709% 3/15/2041 (b)(c)(d) | 128092 | 128172 |
| BMP Series 2024-MF23 Class A, CME Term SOFR 1 month Index + 1.3719%, 5.7007% 6/15/2041 (b)(c)(d) | 211000 | 211132 |
| BX Commercial Mortgage Trust 2024-XL5 Series 2024-XL5 Class A, CME Term SOFR 1 month Index + 1.3917%, 5.7204% 3/15/2041 (b)(c)(d) | 1135786 | 1136496 |
| BX Commercial Mortgage Trust 24-MDHS Series 2024-MDHS Class A, 5.97% 5/15/2041 (c)(d) | 393550 | 394042 |
| BX Commercial Mortgage Trust Series 2022-LP2 Class A, CME Term SOFR 1 month Index + 1.0129%, 5.3416% 2/15/2039 (b)(c)(d) | 953504 | 951717 |
| BX Commercial Mortgage Trust Series 2023-XL3 Class A, CME Term SOFR 1 month Index + 1.7614%, 6.0901% 12/9/2040 (b)(c)(d) | 75897 | 76206 |
| BX Commercial Mortgage Trust Series 2024-GPA3 Class A, CME Term SOFR 1 month Index + 1.2928%, 5.6215% 12/15/2039 (b)(c)(d) | 98460 | 98460 |
| BX Commercial Mortgage Trust Series 2025-SPOT Class A, CME Term SOFR 1 month Index + 1.4434%, 5.7721% 4/15/2040 (b)(c)(d) | 585000 | 585068 |
| BX Trust 2024-CNY Series 2024-CNYN Class A, CME Term SOFR 1 month Index + 1.4419%, 5.7706% 4/15/2041 (b)(c)(d) | 396962 | 397459 |
| BX Trust 2025-ROIC Series 2025-ROIC Class A, CME Term SOFR 1 month Index + 1.1438%, 5.4725% 3/15/2030 (b)(c)(d) | 775000 | 769188 |
| BX Trust Series 2021-MFM1 Class A, CME Term SOFR 1 month Index + 0.8145%, 5.1435% 1/15/2034 (b)(c)(d) | 20955 | 20942 |
| BX Trust Series 2021-SOAR Class A, CME Term SOFR 1 month Index + 0.7845%, 5.1135% 6/15/2038 (b)(c)(d) | 1139759 | 1139047 |
| BX Trust Series 2024-XL4 Class A, CME Term SOFR 1 month Index + 1.442%, 5.7707% 2/15/2039 (b)(c)(d) | 294508 | 294875 |
| Citigroup Commercial Mortgage Trust Series 2017-P7 Class AAB, 3.509% 4/14/2050  | 13142 | 13023 |
| COMM Mortgage Trust Series 2015-CR27 Class ASB, 3.404% 10/10/2048  | 8909 | 8893 |
| COMM Mortgage Trust Series 2017-CD4 Class ASB, 3.317% 5/10/2050  | 44504 | 44009 |
| CSAIL Commercial Mortgage Trust Series 2016-C7 Class ASB, 3.3143% 11/15/2049  | 3514 | 3505 |
| CSAIL Commercial Mortgage Trust Series 2017-CX10 Class ASB, 3.3269% 11/15/2050  | 36864 | 36457 |
| DBJPM Mortgage Trust Series 2016-C1 Class A3A, 3.015% 5/10/2049  | 980709 | 969846 |
| DBJPM Mortgage Trust Series 2016-C1 Class ASB, 3.038% 5/10/2049  | 120404 | 119670 |
| DBJPM Mortgage Trust Series 2017-C6 Class ASB, 3.121% 6/10/2050  | 78956 | 77791 |
| Extended Stay America Trust Series 2021-ESH Class A, CME Term SOFR 1 month Index + 1.1945%, 5.5235% 7/15/2038 (b)(c)(d) | 107216 | 107216 |
| GS Mortgage Securities Trust Series 2017-GS7 Class AAB, 3.203% 8/10/2050  | 407414 | 401273 |
| GS Mortgage Securities Trust Series 2017-GS8 Class AAB, 3.313% 11/10/2050  | 49053 | 48403 |
| JPMDB Commercial Mortgage Securities Trust Series 2016-C4 Class ASB, 2.9941% 12/15/2049  | 22592 | 22293 |
| JPMDB Commercial Mortgage Securities Trust Series 2017-C5 Class ASB, 3.4919% 3/15/2050  | 819268 | 807716 |
| Morgan Stanley Bank of America Merrill Lynch Trust Series 2017-C34 Class ASB, 3.354% 11/15/2052  | 119368 | 117683 |
| OPEN Trust Series 2023-AIR Class A, CME Term SOFR 1 month Index + 3.0891%, 7.4178% 11/15/2040 (b)(c)(d) | 25737 | 25808 |
| SREIT Trust Series 2021-FLWR Class A, CME Term SOFR 1 month Index + 0.691%, 5.02% 7/15/2036 (b)(c)(d) | 532842 | 532509 |
| TCO Commercial Mortgage Trust Series 2024-DPM Class A, CME Term SOFR 1 month Index + 1.2429%, 5.5716% 12/15/2039 (b)(c)(d) | 316000 | 315901 |
| UBS Commercial Mortgage Trust Series 2017-C4 Class ASB, 3.366% 10/15/2050  | 85114 | 84007 |
| UBS Commercial Mortgage Trust Series 2017-C5 Class ASB, 3.345% 11/15/2050  | 11587 | 11412 |
| UBS Commercial Mortgage Trust Series 2017-C7 Class ASB, 3.586% 12/15/2050  | 200298 | 197845 |
| Wells Fargo Commercial Mortgage Trust Series 2016-BNK1 Class ASB, 2.514% 8/15/2049  | 73772 | 73323 |
| Wells Fargo Commercial Mortgage Trust Series 2016-C32 Class A3FL, CME Term SOFR 1 month Index + 1.5345%, 5.8632% 1/15/2059 (b)(d) | 424745 | 425407 |
| Wells Fargo Commercial Mortgage Trust Series 2016-C32 Class ASB, 3.324% 1/15/2059  | 2 | 2 |
| Wells Fargo Commercial Mortgage Trust Series 2016-LC24 Class ASB, 2.825% 10/15/2049  | 27509 | 27311 |
| Wells Fargo Commercial Mortgage Trust Series 2016-LC25 Class ASB, 3.486% 12/15/2059  | 95956 | 95262 |
| Wells Fargo Commercial Mortgage Trust Series 2017-C38 Class ASB, 3.261% 7/15/2050  | 31970 | 31616 |
| Wells Fargo Commercial Mortgage Trust Series 2017-C42 Class ASB, 3.488% 12/15/2050  | 38271 | 37863 |
| Wells Fargo Commercial Mortgage Trust Series 2024-GRP Class A, CME Term SOFR 1 month Index + 1.7913%, 6.12% 10/15/2041 (b)(c)(d) | 388000 | 389320 |
| TOTAL UNITED STATES |  | 12223299 |
| <br> **TOTAL COMMERCIAL MORTGAGE SECURITIES**<br> (Cost $12,164,886) |  | <br> **12223299** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 50.8%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 50.8%** | &nbsp;&nbsp;**Non-Convertible Corporate Bonds - 50.8%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| AUSTRALIA - 0.8%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Commonwealth Bank of Australia U.S. SOFR Index + 0.46%, 4.7382% 11/27/2026 (b)(c)(d) | 1200000 | 1201554 |
| Materials - 0.5% |  |  |
| Metals & Mining - 0.5% |  |  |
| Glencore Funding LLC 1.625% 4/27/2026 (c) | 800000 | 778563 |
| Glencore Funding LLC U.S. SOFR Averages Index + 0.75%, 5.0901% 10/1/2026 (b)(c)(d) | 1135000 | 1135725 |
|  |  | 1914288 |
| TOTAL AUSTRALIA |  | 3115842 |
| CANADA - 4.0%  |  |  |
| Energy - 0.6% |  |  |
| Oil, Gas & Consumable Fuels - 0.6% |  |  |
| Canadian Natural Resources Ltd 2.05% 7/15/2025  | 800000 | 797364 |
| Enbridge Inc 1.6% 10/4/2026  | 780000 | 749912 |
| TransCanada PipeLines Ltd 4.875% 1/15/2026  | 930000 | 930414 |
|  |  | 2477690 |
| Financials - 3.4% |  |  |
| Banks - 3.4% |  |  |
| Bank of Montreal 3.7% 6/7/2025  | 750000 | 749813 |
| Bank of Montreal 4.567% 9/10/2027 (d) | 1030000 | 1029160 |
| Bank of Montreal U.S. SOFR Averages Index + 1.06%, 5.4046% 6/7/2025 (b)(d) | 1125000 | 1125123 |
| Bank of Nova Scotia/The 2.7% 8/3/2026  | 1100000 | 1078638 |
| Bank of Nova Scotia/The U.S. SOFR Averages Index + 0.545%, 4.8936% 3/2/2026 (b)(d) | 30000 | 30023 |
| Federation des Caisses Desjardins du Quebec U.S. SOFR Index + 0.63%, 4.9466% 1/27/2027 (b)(c)(d) | 1100000 | 1102677 |
| National Bank of Canada 4.95% 2/1/2028 (d) | 1175000 | 1180065 |
| Royal Bank of Canada 1.15% 6/10/2025  | 30000 | 29979 |
| Royal Bank of Canada 4.51% 10/18/2027 (d) | 1100000 | 1100384 |
| Royal Bank of Canada 5.069% 7/23/2027 (d) | 1500000 | 1509914 |
| Royal Bank of Canada U.S. SOFR Averages Index + 0.57%, 4.8871% 4/27/2026 (b)(d) | 1100000 | 1101027 |
| Royal Bank of Canada U.S. SOFR Averages Index + 0.72%, 5.0396% 10/18/2027 (b)(d) | 1100000 | 1100606 |
| Toronto Dominion Bank 3.766% 6/6/2025  | 30000 | 29997 |
| Toronto Dominion Bank 4.568% 12/17/2026  | 1500000 | 1501869 |
| Toronto Dominion Bank U.S. SOFR Index + 1.02%, 5.3649% 6/6/2025 (b)(d) | 25000 | 25004 |
|  |  | 12694279 |
| TOTAL CANADA |  | 15171969 |
| DENMARK - 0.5%  |  |  |
| Financials - 0.5% |  |  |
| Banks - 0.5% |  |  |
| Danske Bank A/S 1.549% 9/10/2027 (c)(d) | 790000 | 759955 |
| Danske Bank A/S 6.259% 9/22/2026 (c)(d) | 1100000 | 1104145 |
| TOTAL DENMARK |  | 1864100 |
| FINLAND - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| Nordea Bank Abp U.S. SOFR Index + 0.7%, 5.0413% 3/17/2028 (b)(c)(d) | 1100000 | 1100575 |
| FRANCE - 0.9%  |  |  |
| Financials - 0.9% |  |  |
| Banks - 0.9% |  |  |
| BNP Paribas SA 2.219% 6/9/2026 (c)(d) | 1050000 | 1049462 |
| BNP Paribas SA 2.591% 1/20/2028 (c)(d) | 1100000 | 1061771 |
| Credit Agricole SA 5.589% 7/5/2026 (c) | 1000000 | 1012541 |
| Credit Agricole SA/London 1.907% 6/16/2026 (c)(d) | 350000 | 349598 |
| TOTAL FRANCE |  | 3473372 |
| GERMANY - 2.9%  |  |  |
| Consumer Discretionary - 1.9% |  |  |
| Automobiles - 1.9% |  |  |
| BMW US Capital LLC U.S. SOFR Averages Index + 0.62%, 4.9091% 8/11/2025 (b)(c)(d) | 1100000 | 1100626 |
| BMW US Capital LLC U.S. SOFR Averages Index + 0.8%, 5.0885% 8/13/2026 (b)(c)(d) | 1100000 | 1103826 |
| Mercedes-Benz Finance North America LLC U.S. SOFR Index + 0.63%, 4.9506% 7/31/2026 (b)(c)(d) | 1500000 | 1500765 |
| Mercedes-Benz Finance North America LLC U.S. SOFR Index + 0.78%, 5.1201% 4/1/2027 (b)(c)(d) | 750000 | 749198 |
| Volkswagen Group of America Finance LLC U.S. SOFR Index + 0.83%, 5.1713% 3/20/2026 (b)(c)(d) | 1530000 | 1532171 |
| Volkswagen Group of America Finance LLC U.S. SOFR Index + 1.06%, 5.3485% 8/14/2026 (b)(c)(d) | 1091000 | 1094550 |
|  |  | 7081136 |
| Financials - 1.0% |  |  |
| Capital Markets - 1.0% |  |  |
| Deutsche Bank AG/New York NY 2.129% 11/24/2026 (d) | 1250000 | 1232512 |
| Deutsche Bank AG/New York NY 2.311% 11/16/2027 (d) | 1170000 | 1126261 |
| Deutsche Bank AG/New York NY 6.119% 7/14/2026 (d) | 800000 | 800844 |
| Deutsche Bank AG/New York NY 7.146% 7/13/2027 (d) | 759000 | 777017 |
|  |  | 3936634 |
| TOTAL GERMANY |  | 11017770 |
| IRELAND - 1.8%  |  |  |
| Financials - 1.2% |  |  |
| Banks - 0.5% |  |  |
| Bank of Ireland Group PLC 2.029% 9/30/2027 (c)(d) | 811000 | 781596 |
| Bank of Ireland Group PLC 6.253% 9/16/2026 (c)(d) | 1000000 | 1003696 |
|  |  | 1785292 |
| Consumer Finance - 0.7% |  |  |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 2.45% 10/29/2026  | 980000 | 949811 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 4.45% 10/1/2025  | 800000 | 798995 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 6.5% 7/15/2025  | 930000 | 930400 |
|  |  | 2679206 |
| TOTAL FINANCIALS |  | 4464498 |
| Industrials - 0.6% |  |  |
| Transportation Infrastructure - 0.6% |  |  |
| Avolon Holdings Funding Ltd 2.125% 2/21/2026 (c) | 1031000 | 1007723 |
| Avolon Holdings Funding Ltd 4.25% 4/15/2026 (c) | 1100000 | 1091964 |
|  |  | 2099687 |
| TOTAL IRELAND |  | 6564185 |
| ITALY - 0.7%  |  |  |
| Utilities - 0.7% |  |  |
| Electric Utilities - 0.7% |  |  |
| Enel Finance International NV 1.625% 7/12/2026 (c)(e) | 1190000 | 1150286 |
| Enel Finance International NV 7.05% 10/14/2025 (c)(e) | 1356000 | 1365388 |
| TOTAL ITALY |  | 2515674 |
| JAPAN - 0.9%  |  |  |
| Financials - 0.9% |  |  |
| Banks - 0.9% |  |  |
| Mitsubishi UFJ Financial Group Inc 1.412% 7/17/2025  | 1000000 | 995995 |
| Sumitomo Mitsui Financial Group Inc 1.402% 9/17/2026  | 1200000 | 1153111 |
| Sumitomo Mitsui Financial Group Inc 2.632% 7/14/2026  | 1200000 | 1175822 |
| TOTAL JAPAN |  | 3324928 |
| NETHERLANDS - 2.0%  |  |  |
| Financials - 1.7% |  |  |
| Banks - 1.7% |  |  |
| ABN AMRO Bank NV U.S. SOFR Averages Index + 1.78%, 6.1214% 9/18/2027 (b)(c)(d) | 1100000 | 1110934 |
| Cooperatieve Rabobank UA 1.339% 6/24/2026 (c)(d) | 1200000 | 1197148 |
| Cooperatieve Rabobank UA 1.98% 12/15/2027 (c)(d) | 980000 | 940401 |
| Cooperatieve Rabobank UA/NY 4.333% 8/28/2026  | 1000000 | 999396 |
| ING Groep NV 1.4% 7/1/2026 (c)(d) | 1200000 | 1196586 |
| ING Groep NV U.S. SOFR Averages Index + 1.56%, 5.9035% 9/11/2027 (b)(d) | 1100000 | 1109643 |
|  |  | 6554108 |
| Information Technology - 0.3% |  |  |
| Semiconductors & Semiconductor Equipment - 0.3% |  |  |
| NXP BV / NXP Funding LLC 5.35% 3/1/2026  | 1100000 | 1105663 |
| TOTAL NETHERLANDS |  | 7659771 |
| NORWAY - 0.3%  |  |  |
| Financials - 0.3% |  |  |
| Banks - 0.3% |  |  |
| DNB Bank ASA 1.127% 9/16/2026 (c)(d) | 1221000 | 1207881 |
| SWEDEN - 0.6%  |  |  |
| Financials - 0.6% |  |  |
| Banks - 0.6% |  |  |
| Svenska Handelsbanken AB 1.418% 6/11/2027 (c)(d) | 1180000 | 1141809 |
| Swedbank AB 6.136% 9/12/2026 (c) | 1100000 | 1122144 |
| TOTAL SWEDEN |  | 2263953 |
| SWITZERLAND - 1.2%  |  |  |
| Financials - 1.2% |  |  |
| Capital Markets - 1.2% |  |  |
| UBS Group AG 1.364% 1/30/2027 (c)(d) | 1260000 | 1231956 |
| UBS Group AG 1.494% 8/10/2027 (c)(d) | 1200000 | 1154520 |
| UBS Group AG 2.193% 6/5/2026 (c)(d) | 1200000 | 1199765 |
| UBS Group AG 6.373% 7/15/2026 (c)(d) | 1000000 | 1001396 |
| TOTAL SWITZERLAND |  | 4587637 |
| UNITED KINGDOM - 4.8%  |  |  |
| Consumer Staples - 0.5% |  |  |
| Tobacco - 0.5% |  |  |
| BAT Capital Corp 3.215% 9/6/2026  | 801000 | 787413 |
| BAT International Finance PLC 3.95% 6/15/2025 (c) | 25000 | 24987 |
| Reynolds American Inc 4.45% 6/12/2025  | 1110000 | 1109917 |
|  |  | 1922317 |
| Financials - 4.0% |  |  |
| Banks - 4.0% |  |  |
| Barclays PLC 4.375% 1/12/2026  | 1200000 | 1197111 |
| Barclays PLC 5.829% 5/9/2027 (d) | 1150000 | 1160496 |
| Barclays PLC 7.325% 11/2/2026 (d) | 1100000 | 1111238 |
| Barclays PLC U.S. SOFR Index + 1.88%, 6.2217% 9/13/2027 (b)(d) | 1100000 | 1111813 |
| HSBC Holdings PLC 2.099% 6/4/2026 (d) | 1200000 | 1199823 |
| HSBC Holdings PLC 2.251% 11/22/2027 (d) | 1000000 | 963263 |
| HSBC Holdings PLC 5.887% 8/14/2027 (d) | 1150000 | 1164268 |
| Lloyds Banking Group PLC 1.627% 5/11/2027 (d) | 800000 | 777311 |
| Lloyds Banking Group PLC 5.462% 1/5/2028 (d) | 1120000 | 1132743 |
| Lloyds Banking Group PLC U.S. SOFR Averages Index + 1.56%, 5.875% 8/7/2027 (b)(d) | 1100000 | 1108391 |
| NatWest Group PLC 1.642% 6/14/2027 (d) | 1157000 | 1121053 |
| NatWest Group PLC 5.847% 3/2/2027 (d) | 1440000 | 1451656 |
| NatWest Group PLC 7.472% 11/10/2026 (d) | 1100000 | 1112633 |
|  |  | 14611799 |
| Health Care - 0.3% |  |  |
| Pharmaceuticals - 0.3% |  |  |
| GlaxoSmithKline Capital PLC U.S. SOFR Index + 0.5%, 4.8428% 3/12/2027 (b)(d) | 1250000 | 1253013 |
| TOTAL UNITED KINGDOM |  | 17787129 |
| UNITED STATES - 29.1%  |  |  |
| Communication Services - 1.1% |  |  |
| Media - 0.3% |  |  |
| Charter Communications Operating LLC / Charter Communications Operating Capital 4.908% 7/23/2025  | 1184000 | 1183817 |
| Wireless Telecommunication Services - 0.8% |  |  |
| Sprint LLC 7.625% 3/1/2026  | 900000 | 909893 |
| T-Mobile USA Inc 2.25% 2/15/2026  | 960000 | 943509 |
| T-Mobile USA Inc 2.625% 4/15/2026  | 1160000 | 1142022 |
|  |  | 2995424 |
| TOTAL COMMUNICATION SERVICES |  | 4179241 |
| Consumer Discretionary - 2.4% |  |  |
| Automobiles - 1.7% |  |  |
| American Honda Finance Corp U.S. SOFR Averages Index + 0.79%, 5.1268% 10/3/2025 (b)(d) | 1100000 | 1101561 |
| American Honda Finance Corp U.S. SOFR Index + 0.45%, 4.7917% 6/13/2025 (b)(d) | 1100000 | 1100092 |
| American Honda Finance Corp U.S. SOFR Index + 0.65%, 4.9389% 5/20/2026 (b)(d) | 900000 | 900611 |
| American Honda Finance Corp U.S. SOFR Index + 0.71%, 5.0401% 1/9/2026 (b)(d) | 1100000 | 1101512 |
| Hyundai Capital America 5.45% 6/24/2026 (c) | 661000 | 664298 |
| Hyundai Capital America 5.8% 6/26/2025 (c) | 1100000 | 1100502 |
| Hyundai Capital America U.S. SOFR Index + 1.32%, 5.6263% 11/3/2025 (b)(c)(d) | 50000 | 50120 |
|  |  | 6018696 |
| Leisure Products - 0.4% |  |  |
| Mattel Inc 3.375% 4/1/2026 (c) | 380000 | 374144 |
| Mattel Inc 5.875% 12/15/2027 (c) | 1280000 | 1284480 |
|  |  | 1658624 |
| Specialty Retail - 0.3% |  |  |
| Home Depot Inc/The U.S. SOFR Index + 0.33%, 4.6738% 12/24/2025 (b)(d) | 860000 | 860865 |
| Ross Stores Inc 0.875% 4/15/2026  | 400000 | 387672 |
|  |  | 1248537 |
| TOTAL CONSUMER DISCRETIONARY |  | 8925857 |
| Consumer Staples - 1.4% |  |  |
| Beverages - 0.3% |  |  |
| Keurig Dr Pepper Inc U.S. SOFR Index + 0.58%, 4.8863% 11/15/2026 (b)(d) | 1272000 | 1273895 |
| Consumer Staples Distribution & Retail - 0.5% |  |  |
| Mars Inc 4.45% 3/1/2027 (c) | 959000 | 959929 |
| Walmart Inc U.S. SOFR Averages Index + 0.43%, 4.7471% 4/28/2027 (b)(d) | 1039000 | 1041639 |
|  |  | 2001568 |
| Food Products - 0.4% |  |  |
| McCormick & Co Inc/MD 0.9% 2/15/2026  | 1350000 | 1314891 |
| The Campbell's Company 5.3% 3/20/2026  | 3000 | 3013 |
|  |  | 1317904 |
| Tobacco - 0.2% |  |  |
| Altria Group Inc 2.625% 9/16/2026  | 770000 | 752059 |
| TOTAL CONSUMER STAPLES |  | 5345426 |
| Energy - 1.0% |  |  |
| Oil, Gas & Consumable Fuels - 1.0% |  |  |
| Chevron USA Inc U.S. SOFR Averages Index + 0.36%, 4.6382% 2/26/2027 (b)(d) | 1066000 | 1066160 |
| DCP Midstream Operating LP 5.375% 7/15/2025  | 1020000 | 1020259 |
| Energy Transfer LP 5.625% 5/1/2027 (c) | 30000 | 30001 |
| EQT Corp 3.125% 5/15/2026 (c) | 499000 | 489994 |
| Williams Cos Inc/The 5.4% 3/2/2026  | 1100000 | 1105482 |
|  |  | 3711896 |
| Financials - 16.2% |  |  |
| Banks - 7.3% |  |  |
| Bank of America Corp 1.197% 10/24/2026 (d) | 750000 | 739434 |
| Bank of America Corp 1.319% 6/19/2026 (d) | 1000000 | 998056 |
| Bank of America Corp 1.734% 7/22/2027 (d) | 1200000 | 1160758 |
| Bank of America Corp 3.559% 4/23/2027 (d) | 1160000 | 1148117 |
| Bank of America Corp 3.824% 1/20/2028 (d) | 1150000 | 1134577 |
| Citibank NA U.S. SOFR Index + 0.708%, 5.0107% 8/6/2026 (b)(d) | 750000 | 751163 |
| Citibank NA U.S. SOFR Index + 0.781%, 5.1013% 5/29/2027 (b)(d) | 1130000 | 1130525 |
| Citigroup Inc U.S. SOFR Index + 1.1143%, 5.437% 5/7/2028 (b)(d) | 900000 | 901951 |
| Huntington National Bank/The U.S. SOFR Index + 0.72%, 5.0452% 4/12/2028 (b)(d) | 912000 | 909829 |
| JPMorgan Chase & Co 1.04% 2/4/2027 (d) | 1100000 | 1073321 |
| JPMorgan Chase & Co 1.578% 4/22/2027 (d) | 1219000 | 1187091 |
| JPMorgan Chase & Co 6.07% 10/22/2027 (d) | 1100000 | 1122839 |
| Morgan Stanley Bank NA 4.447% 10/15/2027 (d) | 900000 | 899395 |
| Morgan Stanley Bank NA U.S. SOFR Index + 0.685%, 5.0087% 10/15/2027 (b)(d) | 1200000 | 1200203 |
| PNC Bank NA 3.25% 6/1/2025  | 650000 | 650000 |
| PNC Financial Services Group Inc/The 4.758% 1/26/2027 (d) | 1130000 | 1130644 |
| PNC Financial Services Group Inc/The 5.102% 7/23/2027 (d) | 1200000 | 1207058 |
| Santander Holdings USA Inc 3.45% 6/2/2025  | 1220000 | 1220000 |
| Santander Holdings USA Inc 4.5% 7/17/2025  | 950000 | 949453 |
| Truist Financial Corp 1.267% 3/2/2027 (d) | 970000 | 943872 |
| Truist Financial Corp 4.26% 7/28/2026 (d) | 80000 | 79908 |
| Truist Financial Corp 6.047% 6/8/2027 (d) | 1110000 | 1124330 |
| US Bancorp 5.727% 10/21/2026 (d) | 1020000 | 1023838 |
| US Bancorp 6.787% 10/26/2027 (d) | 900000 | 926689 |
| US Bank NA/Cincinnati OH U.S. SOFR Index + 0.91%, 5.1985% 5/15/2028 (b)(d) | 1500000 | 1502490 |
| Wells Fargo & Co 3.196% 6/17/2027 (d) | 1191000 | 1173881 |
| Wells Fargo Bank NA U.S. SOFR Index + 0.71%, 5.0337% 1/15/2026 (b)(d) | 1100000 | 1101893 |
|  |  | 27391315 |
| Capital Markets - 4.7% |  |  |
| Athene Global Funding 2.95% 11/12/2026 (c) | 970000 | 945633 |
| Athene Global Funding 4.86% 8/27/2026 (c) | 781000 | 782807 |
| Athene Global Funding 4.95% 1/7/2027 (c) | 1200000 | 1203103 |
| Athene Global Funding 5.62% 5/8/2026 (c) | 1120000 | 1129738 |
| Bank of New York Mellon Corp/The 4.414% 7/24/2026 (d) | 30000 | 29978 |
| Bank of New York Mellon Corp/The 4.947% 4/26/2027 (d) | 1200000 | 1205525 |
| Bank of New York Mellon/The U.S. SOFR Averages Index + 0.71%, 5.0293% 4/20/2027 (b)(d) | 1500000 | 1504097 |
| Goldman Sachs Group Inc/The 1.093% 12/9/2026 (d) | 1100000 | 1079142 |
| Goldman Sachs Group Inc/The 1.431% 3/9/2027 (d) | 1200000 | 1169797 |
| Goldman Sachs Group Inc/The 4.387% 6/15/2027 (d) | 930000 | 927361 |
| Goldman Sachs Group Inc/The U.S. SOFR Index + 1.065%, 5.3541% 8/10/2026 (b)(d) | 1500000 | 1501860 |
| Goldman Sachs Group Inc/The U.S. SOFR Index + 1.29%, 5.6072% 4/23/2028 (b)(d) | 807000 | 811939 |
| Morgan Stanley 1.512% 7/20/2027 (d) | 1180000 | 1138539 |
| Morgan Stanley 4.679% 7/17/2026 (d) | 1130000 | 1129848 |
| Morgan Stanley 5.05% 1/28/2027 (d) | 1100000 | 1102338 |
| Nasdaq Inc 5.65% 6/28/2025  | 600000 | 600068 |
| State Street Bank & Trust Co U.S. SOFR Index + 0.46%, 4.7364% 11/25/2026 (b)(d) | 711000 | 711109 |
| State Street Corp U.S. SOFR Index + 0.95%, 5.2666% 4/24/2028 (b)(d) | 507000 | 509600 |
|  |  | 17482482 |
| Consumer Finance - 2.2% |  |  |
| American Express Co 3.95% 8/1/2025  | 30000 | 29984 |
| American Express Co 5.389% 7/28/2027 (d) | 1100000 | 1109810 |
| American Express Co 5.645% 4/23/2027 (d) | 1100000 | 1109906 |
| American Express Co U.S. SOFR Averages Index + 0.97%, 5.2871% 7/28/2027 (b)(d) | 1500000 | 1505577 |
| American Express Co U.S. SOFR Averages Index + 1.35%, 5.6646% 10/30/2026 (b)(d) | 1100000 | 1104634 |
| American Express Co U.S. SOFR Index + 0.76%, 5.0485% 2/13/2026 (b)(d) | 1125000 | 1127132 |
| Ford Motor Credit Co LLC 4.389% 1/8/2026  | 435000 | 431525 |
| Ford Motor Credit Co LLC 5.125% 6/16/2025  | 750000 | 749970 |
| Toyota Motor Credit Corp U.S. SOFR Averages Index + 0.45%, 4.7796% 4/10/2026 (b)(d) | 1100000 | 1100219 |
| Toyota Motor Credit Corp U.S. SOFR Averages Index + 0.89%, 5.1765% 5/18/2026 (b)(d) | 25000 | 25106 |
|  |  | 8293863 |
| Financial Services - 0.6% |  |  |
| CNH Industrial Capital LLC 5.45% 10/14/2025  | 1000000 | 1003307 |
| Fiserv Inc 3.85% 6/1/2025  | 1200000 | 1200000 |
|  |  | 2203307 |
| Insurance - 1.4% |  |  |
| Equitable Financial Life Global Funding 1.7% 11/12/2026 (c) | 1000000 | 960767 |
| Equitable Financial Life Global Funding 4.6% 4/1/2027 (c) | 681000 | 680733 |
| Jackson National Life Global Funding 3.05% 4/29/2026 (c) | 760000 | 749862 |
| Jackson National Life Global Funding 4.9% 1/13/2027 (c) | 916000 | 919480 |
| Jackson National Life Global Funding U.S. SOFR Index + 0.97%, 5.2952% 1/14/2028 (b)(c)(d) | 1000000 | 1006162 |
| Pacific Life Global Funding II U.S. SOFR Index + 0.62%, 4.9683% 6/4/2026 (b)(c)(d) | 25000 | 25047 |
| Reinsurance Group of America Inc 3.95% 9/15/2026  | 760000 | 753524 |
|  |  | 5095575 |
| TOTAL FINANCIALS |  | 60466542 |
| Health Care - 1.3% |  |  |
| Biotechnology - 0.3% |  |  |
| Gilead Sciences Inc 3.65% 3/1/2026  | 1100000 | 1092725 |
| Health Care Equipment & Supplies - 0.1% |  |  |
| Boston Scientific Corp 1.9% 6/1/2025  | 400000 | 400000 |
| Health Care Providers & Services - 0.9% |  |  |
| CVS Health Corp 2.875% 6/1/2026  | 1351000 | 1326748 |
| CVS Health Corp 5% 2/20/2026  | 930000 | 931274 |
| HCA Inc 5.875% 2/15/2026  | 1025000 | 1027129 |
|  |  | 3285151 |
| Pharmaceuticals - 0.0% |  |  |
| Bristol-Myers Squibb Co U.S. SOFR Index + 0.49%, 4.7742% 2/20/2026 (b)(d) | 30000 | 30051 |
| Viatris Inc 1.65% 6/22/2025  | 20000 | 19952 |
|  |  | 50003 |
| TOTAL HEALTH CARE |  | 4827879 |
| Industrials - 0.7% |  |  |
| Aerospace & Defense - 0.2% |  |  |
| Boeing Co 3.1% 5/1/2026  | 900000 | 886610 |
| Ground Transportation - 0.2% |  |  |
| CSX Corp 2.6% 11/1/2026  | 700000 | 682618 |
| Industrial Conglomerates - 0.3% |  |  |
| Trane Technologies Financing Ltd 3.5% 3/21/2026  | 1140000 | 1131651 |
| TOTAL INDUSTRIALS |  | 2700879 |
| Information Technology - 1.3% |  |  |
| Electronic Equipment, Instruments & Components - 0.3% |  |  |
| Dell International LLC / EMC Corp 6.02% 6/15/2026  | 930000 | 938613 |
| Semiconductors & Semiconductor Equipment - 0.6% |  |  |
| Marvell Technology Inc 1.65% 4/15/2026  | 2121000 | 2066427 |
| Software - 0.3% |  |  |
| VMware LLC 1.4% 8/15/2026  | 1300000 | 1251696 |
| Technology Hardware, Storage & Peripherals - 0.1% |  |  |
| Hewlett Packard Enterprise Co 4.45% 9/25/2026  | 544000 | 543205 |
| TOTAL INFORMATION TECHNOLOGY |  | 4799941 |
| Materials - 0.3% |  |  |
| Chemicals - 0.3% |  |  |
| Chevron Phillips Chemical Co LLC / Chevron Phillips Chemical Co LP 3.4% 12/1/2026 (c) | 1100000 | 1082576 |
| Real Estate - 1.2% |  |  |
| Diversified REITs - 0.2% |  |  |
| Vici Properties LP / Vici Note Co Inc 4.25% 12/1/2026 (c) | 950000 | 939465 |
| Office REITs - 0.3% |  |  |
| COPT Defense Properties LP 2.25% 3/15/2026  | 1100000 | 1076935 |
| Specialized REITs - 0.7% |  |  |
| American Tower Corp 4% 6/1/2025  | 1450000 | 1450000 |
| Crown Castle Inc 1.35% 7/15/2025  | 1100000 | 1095168 |
|  |  | 2545168 |
| TOTAL REAL ESTATE |  | 4561568 |
| Utilities - 2.2% |  |  |
| Electric Utilities - 1.1% |  |  |
| DTE Electric Co 4.25% 5/14/2027  | 201000 | 199893 |
| Oncor Electric Delivery Co LLC 4.5% 3/20/2027 (c) | 671000 | 672274 |
| Pacific Gas and Electric Co 4.95% 6/8/2025  | 1300000 | 1299882 |
| Pacific Gas and Electric Co U.S. SOFR Averages Index + 0.95%, 5.2983% 9/4/2025 (b)(d) | 1500000 | 1499859 |
| Vistra Operations Co LLC 5.05% 12/30/2026 (c) | 260000 | 260678 |
|  |  | 3932586 |
| Gas Utilities - 0.2% |  |  |
| East Ohio Gas Co/The 1.3% 6/15/2025 (c) | 830000 | 828893 |
| Independent Power and Renewable Electricity Producers - 0.3% |  |  |
| Constellation Energy Generation LLC 3.25% 6/1/2025  | 950000 | 950000 |
| Multi-Utilities - 0.6% |  |  |
| Dominion Energy Inc 1.45% 4/15/2026  | 1200000 | 1167640 |
| DTE Energy Co 1.05% 6/1/2025  | 1250000 | 1250000 |
|  |  | 2417640 |
| TOTAL UTILITIES |  | 8129119 |
| TOTAL UNITED STATES |  | 108730924 |
| <br> **TOTAL NON-CONVERTIBLE CORPORATE BONDS**<br> (Cost $189,901,869) |  | <br> **190385710** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**U.S. Treasury Obligations - 24.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 24.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 24.0%** | &nbsp;&nbsp;**U.S. Treasury Obligations - 24.0%** |
|  | Yield (%) (f) | Principal<br> Amount (a)<br>| Value ($)<br>|
| US Treasury Bills 0% 8/7/2025  | 4.27 | 5850000 | 5804633 |
| US Treasury Notes 3.5% 9/30/2026  | 4.24 to 4.26 | 20950300 | 20802993 |
| US Treasury Notes 4.125% 1/31/2027  | 3.89 to 4.36 | 15400000 | 15434891 |
| US Treasury Notes 4.25% 1/31/2026  | 4.16 to 5.02 | 25900000 | 25889630 |
| US Treasury Notes 4.75% 7/31/2025  | 4.96 to 5.10 | 22000000 | 22013750 |
| <br> **TOTAL U.S. TREASURY OBLIGATIONS**<br> (Cost $89,837,649) |  |  | **89945897** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 0.7%** | &nbsp;&nbsp;**Money Market Funds - 0.7%** | &nbsp;&nbsp;**Money Market Funds - 0.7%** | &nbsp;&nbsp;**Money Market Funds - 0.7%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Cash Central Fund (g)<br>(Cost $2,939,290)<br>| 4.32 | 2938702 | **2939290** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 100.7%**<br> (Cost $376,829,904)<br>| <br>**377602460** |
| **NET OTHER ASSETS (LIABILITIES) - (0.7)%**  | **(2516451)** |
| **NET ASSETS - 100.0%** | **375086009** |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(c) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $109,172,495 or 29.1% of net assets.

(d) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(e) Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end.

(f) Yield represents either the annualized yield at the date of purchase, or the stated coupon rate, or, for floating and adjustable rate securities, the rate at period end.

(g) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Cash Central Fund | 1031485 | 132431935 | 130524130 | 299091 | - | - | 2939290 | 2938702 | 0.0% |
| Total | 1031485 | 132431935 | 130524130 | 299091 | - | - | 2939290 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. U.S. Treasury Obligations and Non-Convertible Corporate Bonds are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. Asset-Backed Securities, Collateralized Mortgage Obligations and Commercial Mortgage Securities are valued by pricing services who utilize matrix pricing which considers prepayment speed assumptions, attributes of the collateral, yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Merrimack Street Trust

- **b. Investment Company Act file number:** 811-22796

- **c. CIK number of Registrant:** 0001562565

- **d. LEI of Registrant:** 549300782HVYOIE6CE74

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity Low Duration Bond ETF

- **b. EDGAR series identifier (if any):** S000084018

- **c. LEI of Series:** 254900GLVWWWTZ5LL369

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $379090825.30

**Total Liabilities:** $4049075.61

**Net Assets:** $375041749.69

**Cash Not Reported:** $9322.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6745.29735813 | **1-Year:** 23056.06971469 | **5-Year:** 10435.54621671 | **10-Year:** 13.74565600 | **30-Year:** 0.00000000

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

- **3-Month:** 3.21406766 | **1-Year:** 119.75158971 | **5-Year:** 41.95026519 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248144 | 0.36%                | 0.37%                | 0.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $124459.85               | $-243059.05                                |
| Month 2  | $169821.13               | $-196883.83                                |
| Month 3  | $68755.48                | $-224632.77                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GS MTG SECS TR 2017-GS7                                                         | GS MTG SECS TR 2017-GS7 3.203% 08/10/2050                                                         | CUSIP: 36254CAW0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    407414 | PA      | $401272.89    | 0.11%             | 2050-08-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PORSCHE INNOVATIVE LEASE OWNER TRUST 2025-1                                     | PORSCHE INNOVATIVE LEASE OWNER TRUST 2025-1 4.6% 12/20/2027 144A                                  | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    565000 | PA      | $565515.39    | 0.15%             | 2027-12-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TR 2023-4                                                     | CARMAX AUTO OWNER TR 2023-4 6.08% 12/15/2026                                                      | CUSIP: 14318XAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    136062 | PA      | $136260.06    | 0.04%             | 2026-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL4                                                         | BX COML MTG TR 2024-XL4 A TSFR1M+144.203 02/15/2039 144A                                          | CUSIP: 05611VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    294508 | PA      | $294875.30    | 0.08%             | 2039-02-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS GROUP AG 1.494%/VAR 08/10/2027 144A                                                           | CUSIP: 902613AH1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1200000 | PA      | $1154519.76   | 0.31%             | 2027-08-10      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-3                                | SFS AUTO RECEIVABLES SECURITIZATION TRUST 2024-3 4.71% 05/22/2028 144A                            | CUSIP: 78436XAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    314131 | PA      | $314036.23    | 0.08%             | 2028-05-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-2                                   | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2025-2 4.71% 06/15/2028                                    | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1100023.21   | 0.29%             | 2028-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELL'S COMPANY                                                          | THE CAMPBELL'S COMPANY 5.3% 03/20/2026                                                            | CUSIP: 134429BL2<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |      3000 | PA      | $3012.67      | 0.00%             | 2026-03-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORSCHE FINANCIAL AUTO SECURITIZATION TRUST                                     | PORSCHE FINANCIAL AUTO SECURITIZATION TRUST 4.45% 01/24/2028 144A                                 | CUSIP: 73328EAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    775804 | PA      | $775190.78    | 0.21%             | 2028-01-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES 2024-2 OWNER TR                                          | HONDA AUTO RECEIVABLES 2024-2 OWNER TR 5.48% 11/18/2026                                           | CUSIP: 437930AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    457770 | PA      | $458606.14    | 0.12%             | 2026-11-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                            | ROYAL BANK OF CANADA 5.069%/VAR 07/23/2027                                                        | CUSIP: 78016HZX1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1509914.13   | 0.40%             | 2027-07-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS and ELECTRIC CO                                                     | PACIFIC GAS and ELECTRIC CO FRN SOFRINDX+95 09/04/2025                                            | CUSIP: 694308KS5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499859.39   | 0.40%             | 2025-09-04      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TR 2025-X1                                          | AFFIRM ASSET SECURITIZATION TR 2025-X1 A 5.24% 04/15/2030 144A                                    | CUSIP: 00834MAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    370000 | PA      | $369921.01    | 0.10%             | 2030-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO 1.578%/VAR 04/22/2027                                                       | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1219000 | PA      | $1187090.79   | 0.32%             | 2027-04-22      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO and CO                                                              | WELLS FARGO and CO NEW 3.196%/VAR 06/17/2027                                                      | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1191000 | PA      | $1173880.83   | 0.31%             | 2027-06-17      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                    | BARCLAYS PLC T1Y+NA 11/02/2026                                                                    | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1111237.88   | 0.30%             | 2026-11-02      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ARES LII CLO LTD                                                                | ARES LII CLO LTD A1RR TSFR3M+88 04/22/2031 144A                                                   | CUSIP: 04009AAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    535315 | PA      | $534511.83    | 0.14%             | 2031-04-22      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FLATIRON CLO 28 LTD / FLATIRON CLO 28 LLC                                       | FLATIRON CLO 28 LTD / FLATIRON CLO 28 LLC A1 TSFR3M+132 07/15/2036 144A                           | CUSIP: 33884EAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1038000 | PA      | $1038341.50   | 0.28%             | 2036-07-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DLLAA 2025-1 LLC                                                                | DLLAA 2025-1 LLC 4.7% 10/20/2027 144A                                                             | CUSIP: 233249AB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    365000 | PA      | $365289.23    | 0.10%             | 2027-10-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BNCH                                                  | DEUTSCHE BANK AG NEW YORK BNCH 6.119%/VAR 07/14/2026                                              | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |    800000 | PA      | $800843.75    | 0.21%             | 2026-07-14      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HARTWICK PARK CLO LTD                                                           | HARTWICK PARK CLO LTD AR TSFR3M+116 01/20/2037 144A                                               | CUSIP: 417403AN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    749000 | PA      | $747879.50    | 0.20%             | 2037-01-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SREIT TR 2021-FLWR                                                              | SREIT TR 2021-FLWR TSFR1M+69.103 66 07/15/2036 144A                                               | CUSIP: 78485GAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    532842 | PA      | $532509.38    | 0.14%             | 2036-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST 24-3                                                     | CHASE AUTO OWNER TRUST 5.53% 09/27/2027 144A                                                      | CUSIP: 16144LAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250812 | PA      | $251446.30    | 0.07%             | 2027-09-27      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                           | ATHENE GLOBAL FUNDING 4.86% 08/27/2026 144A                                                       | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    781000 | PA      | $782806.55    | 0.21%             | 2026-08-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2024-2                                    | GM FINANCIAL AUTOMOBILE LEASING TRUST 2024-2 5.43% 09/21/2026                                     | CUSIP: 36269WAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    512880 | PA      | $514044.47    | 0.14%             | 2026-09-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HONDA AUTO RECEIVABLES OWNER TRUS                                               | HONDA AUTO RECEIVABLES OWNER TRUS 4.53% 08/23/2027                                                | CUSIP: 43814VAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1100686.07   | 0.29%             | 2027-08-23      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP PLC                                                       | BANK IRELAND GROUP PLC 6.253%/VAR 09/16/2026 144A                                                 | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1003696.00   | 0.27%             | 2026-09-16      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BX TRUST                                                                        | BX TRUST 0.8% 06/15/2023 144A                                                                     | CUSIP: 05608WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1139759 | PA      | $1139046.80   | 0.30%             | 2038-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT CAPITAL CORP 3.215% 09/06/2026                                                                | CUSIP: 05526DBJ3<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    801000 | PA      | $787413.37    | 0.21%             | 2026-09-06      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2025-SPOT                                          | BX COMMERCIAL MORTGAGE TRUST 2025-SPOT TSFR1M+144.34 04/15/2040 144A                              | CUSIP: 12433FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    585000 | PA      | $585068.04    | 0.16%             | 2040-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| TAOT 2023-A                                                                     | TAOT 2023-A A3 4.63% 09/15/2027                                                                   | CUSIP: 891940AC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    485955 | PA      | $485995.71    | 0.13%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS GROUP AG 1.364%/VAR 01/30/2027 144A                                                           | CUSIP: 902613AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1260000 | PA      | $1231955.98   | 0.33%             | 2027-01-30      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ARES CLO                                                                        | ARES CLO AR TSFR3M+127 10/15/2032 144A                                                            | CUSIP: 04017WAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    273285 | PA      | $273359.37    | 0.07%             | 2032-10-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING 2024-3 LTD                                           | PALMER SQUARE LOAN FUNDING 2024-3 LTD A1 TSFR3M+108 08/08/2032 144A                               | CUSIP: 69690EAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    452205 | PA      | $452266.04    | 0.12%             | 2032-08-08      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TESLA ELEC VEH TR 2023-1                                                        | TESLA ELEC VEH TR 2023-1 5.54% 12/21/2026 144A                                                    | CUSIP: 881943AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    335452 | PA      | $335979.48    | 0.09%             | 2026-12-21      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                                   | GOLDMAN SACHS GROUP INC (THE) 1.093%/VAR 12/09/2026                                               | CUSIP: 38141GXM1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1079142.34   | 0.29%             | 2026-12-09      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                                                     | SWEDBANK AB 6.136% 09/12/2026 144A                                                                | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   1100000 | PA      | $1122144.46   | 0.30%             | 2026-09-12      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2021-4                               | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2021-4 A3 0.68% 09/16/2026                             | CUSIP: 362554AC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     89380 | PA      | $89220.70     | 0.02%             | 2026-09-16      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                                             | ALA TRUST 2025-OANA A 6.04263% 06/15/2030 144A                                                    | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    820000 | PA      | $823434.32    | 0.22%             | 2030-06-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                        | LLOYDS BANKING GROUP PLC 5.462%/VAR 01/05/2028                                                    | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1120000 | PA      | $1132743.25   | 0.30%             | 2028-01-05      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                                                | WHEELS FLEET LEASE FUNDING 1 LLC TSFR1M+0 01/18/2040 144A                                         | CUSIP: 96328GCF2<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |   1070000 | PA      | $1070186.93   | 0.29%             | 2040-01-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DTE ELEC CO                                                                     | DTE ELEC CO 4.25% 05/14/2027                                                                      | CUSIP: 23338VAW6<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    201000 | PA      | $199892.81    | 0.05%             | 2027-05-14      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                     | BANK OF AMERICA CORPORATION 1.319%/VAR 06/19/2026                                                 | CUSIP: 06051GJD2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998056.04    | 0.27%             | 2026-06-19      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL FDG                                                    | JACKSON NATL LIFE GLOBAL FDG 4.9% 01/13/2027 144A                                                 | CUSIP: 46849LVC2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    916000 | PA      | $919479.87    | 0.25%             | 2027-01-13      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2025-A                                             | FORD CREDIT AUTO OWNER TRUST 2025-A 4.47% 12/15/2027                                              | CUSIP: 34535KAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1098715.53   | 0.29%             | 2027-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                                   | GOLDMAN SACHS GROUP INC (THE) 1.431%/VAR 03/09/2027                                               | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1169796.55   | 0.31%             | 2027-03-09      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                            | ROYAL BANK OF CANADA FRN SOFRINDX+72 10/18/2027                                                   | CUSIP: 78017FZR7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1100605.98   | 0.29%             | 2027-10-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TESLA AUTO LEASE TRUST 2024-B                                                   | TESLA AUTO LEASE TRUST 2024-B 4.79% 01/20/2027 144A                                               | CUSIP: 881934AB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    372542 | PA      | $372517.49    | 0.10%             | 2027-01-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO 1.04%/VAR 02/04/2027                                                        | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1073320.79   | 0.29%             | 2027-02-04      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LTD                                                     | AVOLON HOLDINGS FUNDING LTD 4.25% 04/15/2026 144A                                                 | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1100000 | PA      | $1091964.35   | 0.29%             | 2026-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                                            | BANK OF MONTREAL QUE 3.7% 06/07/2025                                                              | CUSIP: 06368D3S1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $749812.50    | 0.20%             | 2025-06-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS GROUP AG 6.373%/VAR 07/15/2026 144A                                                           | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $1001396.02   | 0.27%             | 2026-07-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2017                                                    | WFCM 2017-C42 ASB 3.488% 12/15/2050                                                               | CUSIP: 95001GAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38271 | PA      | $37862.85     | 0.01%             | 2050-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                            | ENEL FINANCE INTL NV STEP 07/12/2026 144A                                                         | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1190000 | PA      | $1150286.17   | 0.31%             | 2026-07-12      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-MOBILE USA INC 2.625% 04/15/2026                                                                | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1142021.61   | 0.30%             | 2026-04-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                      | FISERV INC 3.85% 06/01/2025                                                                       | CUSIP: 337738AP3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200000.00   | 0.32%             | 2025-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GROUP OF AMERICA INC                                                | REINSURANCE GRP OF AMERICA INC 3.95% 09/15/2026                                                   | CUSIP: 759351AM1<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    760000 | PA      | $753523.98    | 0.20%             | 2026-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AUTONATION FINANCE TRUST 2025-1                                                 | AUTONATION FINANCE TRUST 2025-1 4.72% 04/10/2028 144A                                             | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    165000 | PA      | $165036.80    | 0.04%             | 2028-04-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                        | TOYOTA MOTOR CREDIT CORP FRN SOFRINDX+45 04/10/2026                                               | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1100219.08   | 0.29%             | 2026-04-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST 2024-1                                              | DAIMLER TRUCKS RETAIL TRUST 2024-1 5.6% 04/15/2026                                                | CUSIP: 233874AB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    373113 | PA      | $373486.58    | 0.10%             | 2026-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                            | ROYAL BANK OF CANADA 4.51%/VAR 10/18/2027                                                         | CUSIP: 78017FZQ9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1100384.49   | 0.29%             | 2027-10-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2024-4                               | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2024-4 4.53% 10/18/2027                                | CUSIP: 38014AAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    703505 | PA      | $703055.57    | 0.19%             | 2027-10-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-2                                               | ENTERPRISE FLEET FINANCING 2024-2 5.74% 12/20/2026 144A                                           | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    130927 | PA      | $131496.68    | 0.04%             | 2026-12-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2017-C38                                                | WELLS FARGO COML MTG TR 2017-C38 3.261% 07/15/2050                                                | CUSIP: 95001MAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31970 | PA      | $31616.39     | 0.01%             | 2050-07-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SFAST 2025-1A                                                                   | SFAST 2025-1A 4.65% 05/22/2028 144A                                                               | CUSIP: 81885BAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    812398 | PA      | $812313.94    | 0.22%             | 2028-05-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                     | BNP PARIBAS 2.219%/VAR 06/09/2026 144A                                                            | CUSIP: 09659W2L7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1050000 | PA      | $1049462.56   | 0.28%             | 2026-06-09      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| TCO COML MTG TR 2024-DPM                                                        | TAUBMAN CENTERS COMMERCIAL MORTGAGE TRUST 24-DPM A TSFR1M+139.27 12/15/2039 144A                  | CUSIP: 87231EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316000 | PA      | $315900.78    | 0.08%             | 2039-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| TESLA AUTO LEASE TRUST 2023-B                                                   | TESLA AUTO LEASE TRUST 2023-B 6.13% 09/21/2026 144A                                               | CUSIP: 88167QAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     14616 | PA      | $14673.32     | 0.00%             | 2026-09-21      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VMWARE INC                                                                      | VMWARE INC 1.4% 08/15/2026                                                                        | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1251696.15   | 0.33%             | 2026-08-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CSAIL 2016-C7 COML MTG TR                                                       | CSAIL 2016-C7 COML MTG TR 3.3143% 11/15/2049                                                      | CUSIP: 12637UAX7<br>LEI: 5493006MX7HG5PC85C29 | Long             | ABS-MBS          | CORP              | US        |      3514 | PA      | $3506.27      | 0.00%             | 2049-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MADISON PARK FUNDING XXIII LTD                                                  | MADISON PARK FUNDING XXIII LTD AR TSFR3M+123.161 07/27/2031 144A                                  | CUSIP: 55820TAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    877365 | PA      | $876893.63    | 0.23%             | 2031-07-27      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BAT INTERNATIONAL FINANCE PLC                                                   | BAT INTL FINANCE PLC 3.95% 06/15/2025 144A                                                        | CUSIP: 05530QAK6<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |     25000 | PA      | $24987.32     | 0.01%             | 2025-06-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO 5.389%/VAR 07/28/2027                                                         | CUSIP: 025816DG1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1109809.75   | 0.30%             | 2027-07-28      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                                                  | PNC FINANCIAL SERVICES GRP INC 4.758%/VAR 01/26/2027                                              | CUSIP: 693475BL8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1130644.15   | 0.30%             | 2027-01-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| US BANK NA CINCINNATI OHIO                                                      | US BANK NA CINCINNATI OHIO FRN SOFR+91 05/15/2028                                                 | CUSIP: 90331HPT4<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1502490.00   | 0.40%             | 2028-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-3                                                  | CARMAX AUTO OWNER TRUST 2024-3 5.21% 09/15/2027                                                   | CUSIP: 14319GAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    549753 | PA      | $550854.54    | 0.15%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING 2022-3 LTD                                           | PALMER SQUARE LOAN FUNDING 2022-3 LTD A1BR TSFR3M+140 04/15/2031 144A                             | CUSIP: 69690CAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    925000 | PA      | $924419.10    | 0.25%             | 2031-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                                    | ING GROEP NV 1.4%/VAR 07/01/2026 144A                                                             | CUSIP: 456837AU7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1196585.27   | 0.32%             | 2026-07-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| HAROT 2025-2 A2A                                                                | HAROT 2025-2 A2A 4.3% 01/18/2028                                                                  | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    953000 | PA      | $950798.09    | 0.25%             | 2028-01-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-1 A2                                                                 | DRIVE 2025-1 A2 5.05% 08/15/2028                                                                  | CUSIP: 262102AB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    535000 | PA      | $534977.58    | 0.14%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO FRN SOFRINDX+135 10/30/2026                                                   | CUSIP: 025816DM8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1104634.85   | 0.29%             | 2026-10-30      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2024-B                                                    | SBNA AUTO LEASE TRUST 2024-B 5.67% 11/20/2026 144A                                                | CUSIP: 78437VAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    250977 | PA      | $251346.24    | 0.07%             | 2026-11-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2024-2                                                | KUBOTA CREDIT OWNER TRUST 2024-2 5.45% 04/15/2027 144A                                            | CUSIP: 50117DAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    283307 | PA      | $284645.99    | 0.08%             | 2027-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHA CREDIT FUNDING 22 LTD                                                       | OHA CREDIT FUNDING 22 LTD A1 TSFR3M+ 07/20/2038 144A                                              | CUSIP: 67121HAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    787000 | PA      | $787856.26    | 0.21%             | 2038-07-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                     | BANK OF AMERICA CORPORATION 1.197%/VAR 10/24/2026                                                 | CUSIP: 06051GJK6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    750000 | PA      | $739433.96    | 0.20%             | 2026-10-24      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES LTD                                                       | TRANSCANADA PIPELINES LTD 4.875% 01/15/2026                                                       | CUSIP: 89352HAT6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    930000 | PA      | $930414.17    | 0.25%             | 2026-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO FRN SOFRINDX+97 07/28/2027                                                    | CUSIP: 025816DJ5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1505576.78   | 0.40%             | 2027-07-28      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OPORTUN FUNDING TRUST 2024-3                                                    | OPORTUN FUNDING TRUST 2024-3 5.26% 08/15/2029 144A                                                | CUSIP: 68377NAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     86988 | PA      | $86982.21     | 0.02%             | 2029-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                           | ATHENE GLOBAL FUNDING 2.95% 11/12/2026 144A                                                       | CUSIP: 04685A2K6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    970000 | PA      | $945633.38    | 0.25%             | 2026-11-12      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS and ELECTRIC CO                                                     | PACIFIC GAS and ELECTRIC CO 4.95% 06/08/2025                                                      | CUSIP: 694308KE6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1299881.69   | 0.35%             | 2025-06-08      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                      | MATTEL INC 5.875% 12/15/2027 144A                                                                 | CUSIP: 577081BD3<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1284480.00   | 0.34%             | 2027-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                                                     | WALMART INC FRN SOFRINDX+43 04/28/2027                                                            | CUSIP: 931142FM0<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1039000 | PA      | $1041639.06   | 0.28%             | 2027-04-28      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BENCHMARK 2018-B2 MTG TR                                                        | BENCHMARK 2018-B2 MTG TR 3.7802% 02/15/2051                                                       | CUSIP: 08161CAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    109917 | PA      | $108741.01    | 0.03%             | 2051-02-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP 2.875% 06/01/2026                                                                 | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1351000 | PA      | $1326747.70   | 0.35%             | 2026-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2016-LC25                                               | WELLS FARGO COML MTG TR 2016-LC25 3.486% 12/15/2059                                               | CUSIP: 95000JAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95956 | PA      | $95261.90     | 0.03%             | 2059-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2023-C                                  | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2023-C 5.8% 12/15/2026 144A                               | CUSIP: 44935VAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1404320 | PA      | $1409186.56   | 0.38%             | 2026-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DBJPM 16-C1                                                                     | DBJPM 16-C1 ASB 3.038% 05/10/2049                                                                 | CUSIP: 23312LAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120404 | PA      | $119669.75    | 0.03%             | 2049-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-4                                                  | CARMAX AUTO OWNER TRUST 2024-4 4.67% 12/15/2027                                                   | CUSIP: 14290DAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    570005 | PA      | $570106.17    | 0.15%             | 2027-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                             | DOMINION ENERGY INC 1.45% 04/15/2026                                                              | CUSIP: 25746UDJ5<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1167639.72   | 0.31%             | 2026-04-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BNCH                                                  | DEUTSCHE BANK AG NEW YORK BNCH 2.129%/VAR 11/24/2026                                              | CUSIP: 251526CE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1232512.33   | 0.33%             | 2026-11-24      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO 5.645%/VAR 04/23/2027                                                         | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1109905.52   | 0.30%             | 2027-04-23      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CARMX 2025-2                                                                    | CARMX 2025-2 4.59% 07/17/2028                                                                     | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    525000 | PA      | $525229.85    | 0.14%             | 2028-07-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DRYDEN 68 CLO LTD                                                               | DRYDEN 68 CLO LTD ARR TSFR3M+110 07/15/2035 144A                                                  | CUSIP: 26252QAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    853000 | PA      | $849874.61    | 0.23%             | 2035-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ONCOR ELEC DELIVERY CO LLC                                                      | ONCOR ELEC DELIVERY CO LLC 4.5% 03/20/2027 144A                                                   | CUSIP: 68233JCY8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    671000 | PA      | $672274.31    | 0.18%             | 2027-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2022-1                                     | MERCEDES-BENZ AUTO RECEIVABLES TRUST 2022-1 5.21% 08/16/2027                                      | CUSIP: 58768PAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    496830 | PA      | $498311.70    | 0.13%             | 2027-08-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C32                                  | WFCM 2016-C32 ASB 3.324% 01/59                                                                    | CUSIP: 94989YBA0<br>LEI: 549300VOKB4Z9J8DIM89 | Long             | ABS-MBS          | CORP              | US        |         2 | PA      | $2.20         | 0.00%             | 2059-01-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BA CR CARD TR                                                                   | BA CR CARD TR 3.53% 11/15/2027                                                                    | CUSIP: 05522RDE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1510000 | PA      | $1509465.31   | 0.40%             | 2027-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GLENCORE FDG LLC                                                                | GLENCORE FDG LLC FRN SOFRINDX+75 10/01/2026 144A                                                  | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1135725.42   | 0.30%             | 2026-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TESLA AUTO LEASE TRUST 23-A                                                     | TESLA AUTO LEASE TRUST 23-A 5.89% 06/22/2026 144A                                                 | CUSIP: 88167PAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      7166 | PA      | $7175.56      | 0.00%             | 2026-06-22      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                                     | AMERICAN HONDA FINANCE CORP FRN SOFR+45 06/13/2025                                                | CUSIP: 02665WFH9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1100091.86   | 0.29%             | 2025-06-13      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROPERTIES LP                                                      | COPT DEFENSE PROPERTIES LP 2.25% 03/15/2026                                                       | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1076935.10   | 0.29%             | 2026-03-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2017-C5                                                         | UBS COML MTG TR 2017-C5 3.345% 11/15/2050                                                         | CUSIP: 90276TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     11587 | PA      | $11412.84     | 0.00%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC 2.099%/VAR 06/04/2026                                                           | CUSIP: 404280CG2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1199822.32   | 0.32%             | 2026-06-04      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| FORD CR AUTO OWNER TR 2020-REV2                                                 | FORD CR AUTO OWNER TR 2020-REV2 1.49% 04/15/2033 144A                                             | CUSIP: 34532JAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    900000 | PA      | $888320.43    | 0.24%             | 2033-04-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHIL CHEM LLC /CHEV LP                                                  | CHEVRON PHIL CHEM LLC /CHEV LP 3.4% 12/01/2026 144A                                               | CUSIP: 166754AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1082576.08   | 0.29%             | 2026-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SANTANDER HLDGS USA INC                                                         | SANTANDER HLDGS USA INC 3.45% 06/02/2025                                                          | CUSIP: 80282KBB1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1220000.00   | 0.33%             | 2025-06-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES GRP INC                                                  | PNC FINANCIAL SERVICES GRP INC 5.102%/VAR 07/23/2027                                              | CUSIP: 693475BY0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1207058.14   | 0.32%             | 2027-07-23      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 25-3A                                       | EXETER AUTOMOBILE RECEIVABLES TRUST 25-3A A2 4.94% 01/18/2028                                     | CUSIP: 30166XAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    810000 | PA      | $810104.00    | 0.22%             | 2028-01-18      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2024-B                                  | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2024-B 5.51% 10/15/2026 144A                              | CUSIP: 44934FAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    518295 | PA      | $519431.81    | 0.14%             | 2026-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                         | HYUNDAI CAP AMER FRN SOFR+132 11/03/2025 144A                                                     | CUSIP: 44891ACS4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50120.49     | 0.01%             | 2025-11-03      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BOFA AUTO TR 2024-1                                                             | BOFA AUTO TR 2024-1 5.57% 12/15/2026 144A                                                         | CUSIP: 09709AAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    219652 | PA      | $220046.31    | 0.06%             | 2026-12-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHASE AUTO OWNER TRUST                                                          | CHASE AUTO OWNER TRUST 5.25% 09/27/2027 144A                                                      | CUSIP: 16144YAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    513267 | PA      | $514399.54    | 0.14%             | 2027-09-27      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUSTRALIA                                                     | COMMONWEALTH BANK AUSTRALIA FRN SOFR+46 11/27/2026 144A                                           | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   1200000 | PA      | $1201554.00   | 0.32%             | 2026-11-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-3 LLC                                           | ENTERPRISE FLEET FINANCING 2024-3 LLC 5.31% 04/20/2027 144A                                       | CUSIP: 29375QAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    563450 | PA      | $565238.93    | 0.15%             | 2027-04-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS HEALTH CORP 5% 02/20/2026                                                                     | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    930000 | PA      | $931274.39    | 0.25%             | 2026-02-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2025-2                               | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2025-2 4.4% 02/16/2028                                 | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1045000 | PA      | $1044426.40   | 0.28%             | 2028-02-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LOAN FUNDING 2024-2 LTD                                           | PALMER SQUARE LOAN FUNDING 2024-2 LTD A1N TSFR3M+100 01/15/2033 144A                              | CUSIP: 69703RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    227229 | PA      | $227265.09    | 0.06%             | 2033-01-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                          | MARVELL TECHNOLOGY INC 1.65% 04/15/2026                                                           | CUSIP: 573874AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2121000 | PA      | $2066427.03   | 0.55%             | 2026-04-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                                                  | US BANCORP DEL 6.787%/VAR 10/26/2027                                                              | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    900000 | PA      | $926689.10    | 0.25%             | 2027-10-26      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY 4.679%/VAR 07/17/2026                                                              | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1129848.02   | 0.30%             | 2026-07-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2024-B OWNER TR                                         | TOYOTA AUTO RECEIVABLES 2024-B OWNER TR 5.41% 03/15/2027                                          | CUSIP: 89237NAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    456283 | PA      | $457121.03    | 0.12%             | 2027-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STATE STREET BANK AND TRUST COMPANY                                             | STATE ST BK and TR CO BOSTON FRN SOFR+46 11/25/2026                                               | CUSIP: 857449AD4<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |    711000 | PA      | $711108.88    | 0.19%             | 2026-11-25      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HPEFS EQUIP TR 2024-2                                                           | HPEFS EQUIP TR 2024-2 5.5% 10/20/2031 144A                                                        | CUSIP: 40444MAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    379246 | PA      | $380047.55    | 0.10%             | 2031-10-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| JUNIPER VALLEY PARK CLO LLC                                                     | JUNIPER VALLEY PARK CLO LLC AR TSFR3M+125 07/20/2036 144A                                         | CUSIP: 48206KAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1419000 | PA      | $1420440.29   | 0.38%             | 2036-07-20      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE FUNDING II LLC                                                       | CHESAPEAKE FUNDING II LLC 6.16% 10/15/2035 144A                                                   | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-CBDO         | CORP              | US        |    697197 | PA      | $705633.31    | 0.19%             | 2035-10-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TRUST 2024-X2                                       | AFFIRM ASSET SECURITIZATION TRUST 2024-X2 5.22% 12/17/2029 144A                                   | CUSIP: 00833QAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    542393 | PA      | $542564.47    | 0.14%             | 2029-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-LC24                                 | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-LC24 ASB 2.825% 10/15/2049                             | CUSIP: 95000HBG6<br>LEI: 5493007OD9MH69ES1S63 | Long             | ABS-MBS          | CORP              | US        |     27509 | PA      | $27310.79     | 0.01%             | 2049-10-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                                         | MERCEDES-BENZ FINANCE NORTH AMERICA LLC FRN SOFR+78 04/01/2027 144A                               | CUSIP: 58769JBD8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749197.90    | 0.20%             | 2027-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MTLRF 2025-1A                                                                   | MTLRF 2025-1A 4.7% 12/16/2027 144A                                                                | CUSIP: 55340QAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    445000 | PA      | $445554.96    | 0.12%             | 2027-12-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2025-ROIC                                                              | BX Trust 2025-ROIC VAR 03/15/2030 144A                                                            | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $769187.50    | 0.21%             | 2030-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                     | BANK OF AMERICA CORPORATION 1.734%/VAR 07/22/2027                                                 | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1160756.86   | 0.31%             | 2027-07-22      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| THE TORONTO DOMINION BANK                                                       | TORONTO DOMINION BANK 3.766% 06/06/2025                                                           | CUSIP: 89115A2A9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $29996.98     | 0.01%             | 2025-06-06      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BARINGS CLO LTD 2019-III                                                        | BARINGS CLO LTD 2019-III A1RR TSFR3M+114 01/20/2036 144A                                          | CUSIP: 06761KAW1<br>LEI: 549300T40QLO0VJIOB35 | Long             | ABS-CBDO         | CORP              | KY        |    940000 | PA      | $939622.12    | 0.25%             | 2036-01-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLP COML MTG 2024-INDS                                                          | BLP COML MTG 2024-IND2 A TSFR1M+139.208 03/15/2041 144A                                           | CUSIP: 05625AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    128092 | PA      | $128171.75    | 0.03%             | 2041-03-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| FORD CR AUTO OWNER TR 2020-REV2                                                 | FORD CR AUTO OWNER TR 2020-REV2 A 1.06% 04/15/2033 144A                                           | CUSIP: 34532JAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1200000 | PA      | $1184065.20   | 0.32%             | 2033-04-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TR                                                | GMF FLOORPLAN OWNER REVOLVING TR 2023-1 A2 SOFR30A+115 06/15/2028 144A                            | CUSIP: 361886CS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1111000 | PA      | $1116676.10   | 0.30%             | 2028-06-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BOFA AUTO TRUST 2025-1                                                          | BOFA AUTO TRUST 2025-1 4.52% 11/22/2027 144A                                                      | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    340000 | PA      | $339746.84    | 0.09%             | 2027-11-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX SELECT RECEIVABLES TRUST 2024-A                                          | CARMAX SELECT RECEIVABLES TRUST 2024-A 5.78% 09/15/2027                                           | CUSIP: 14319FAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     32754 | PA      | $32872.35     | 0.01%             | 2027-09-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DBJPM 16-C1                                                                     | DBJPM 16-C1 3.015% 05/10/2049                                                                     | CUSIP: 23312LAR9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    980709 | PA      | $969845.95    | 0.26%             | 2049-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                                   | VOLKSWAGEN GROUP AMER FIN LLC FRN SOFR+106 08/14/2026 144A                                        | CUSIP: 928668CJ9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1091000 | PA      | $1094550.11   | 0.29%             | 2026-08-14      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2016-C4                                                  | JPMDB COML MTG SECS TR 2016-C4 ASB 2.9941% 12/15/2049                                             | CUSIP: 46646RAK9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22592 | PA      | $22292.74     | 0.01%             | 2049-12-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                        | HUNTINGTON NATL BK COLUMBUS OH FRN SOFR+72 04/12/2028                                             | CUSIP: 44644MAL5<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    912000 | PA      | $909829.44    | 0.24%             | 2028-04-12      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HEWLETT PACKARD ENTERPRISE CO                                                   | HEWLETT PACKARD ENTERPRISE CO 4.45% 09/25/2026                                                    | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    544000 | PA      | $543204.90    | 0.14%             | 2026-09-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FEDERATION DES CAISSES DESJARD INS DU QUEBEC                                    | FEDERATION DES CAISE DESJARDIN FRN SOFR+63 01/27/2027 144A                                        | CUSIP: 31429KAN3<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1102676.61   | 0.29%             | 2027-01-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI SELECT AUTO TR 2024-A                                                | WORLD OMNI SELECT AUTO TR 2024-A 5.37% 02/15/2028                                                 | CUSIP: 98164LAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    488283 | PA      | $489449.39    | 0.13%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUCKHORN PARK CLO LTD                                                           | BUCKHORN PARK CLO LTD ARR TSFR3M+107 07/18/2034 144A                                              | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    910000 | PA      | $908457.55    | 0.24%             | 2034-07-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2023-A                                             | FORD CREDIT AUTO OWNER TRUST 2023-A 4.65% 02/15/2028                                              | CUSIP: 344928AD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    854985 | PA      | $855315.17    | 0.23%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIBANK, N.A.                                                                  | CITIBANK NA FRN SOFR+78.1 05/29/2027                                                              | CUSIP: 17325FBQ0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1130525.45   | 0.30%             | 2027-05-29      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BX 2024-CNYN                                                                    | BX 2024-CNYN TSFR1M+144.188 04/15/2029 144A                                                       | CUSIP: 05612HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    396962 | PA      | $397458.50    | 0.11%             | 2041-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DRYDEN 104 CLO LTD / DRYDEN 104 CLO LLC                                         | DRYDEN 104 CLO LTD / DRYDEN 104 CLO LLC A1R TSFR3M+129 08/20/2034 144A                            | CUSIP: 26253BAN4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    566000 | PA      | $566137.54    | 0.15%             | 2034-08-20      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TR 2024-2                                   | SFS AUTO RECEIVABLES SECURITIZATION TR 2024-2 5.71% 10/20/2027 144A                               | CUSIP: 78397XAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    336292 | PA      | $337156.82    | 0.09%             | 2027-10-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2024-C                                           | HYUNDAI AUTO RECEIVABLES TRUST 2024-C 4.53% 09/15/2027                                            | CUSIP: 448976AB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    744421 | PA      | $744255.93    | 0.20%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MADISON PK FDG XLV LTD / MADISON PK FDG XLV LLC                                 | MADISON PK FDG XLV LTD / MADISON PK FDG XLV LLC ARR TSFR3M+108 07/15/2034 144A                    | CUSIP: 55820BAS6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    845000 | PA      | $842198.83    | 0.22%             | 2034-07-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TRUST                                                            | VERIZON MASTER TRUST 4.51% 03/20/2030                                                             | CUSIP: 92348KDY6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    920000 | PA      | $921254.97    | 0.25%             | 2030-03-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2022-4                               | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2022-4 4.82% 08/16/2027                                | CUSIP: 36265QAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     16234 | PA      | $16246.74     | 0.00%             | 2027-08-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SFS AUTO RECEIVABLES SECURITIZATION TR 2024-1                                   | SFS AUTO RECEIVABLES SECURITIZATION TR 2024-1 5.35% 06/21/2027 144A                               | CUSIP: 78435VAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      3354 | PA      | $3356.08      | 0.00%             | 2027-06-21      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP 4.26%/VAR 07/28/2026                                                        | CUSIP: 89788MAH5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79908.48     | 0.02%             | 2026-07-28      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | CITIGROUP INC FRN SOFR+111.43 05/07/2028                                                          | CUSIP: 172967PY1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $901951.20    | 0.24%             | 2028-05-07      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK NA SALT LAKE                                                  | MORGAN STANLEY BK NA SALT LAKE FRN SOFR+68.5 10/15/2027                                           | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1200203.26   | 0.32%             | 2027-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                                             | SUMITOMO MITSUI FINL GRP INC 2.632% 07/14/2026                                                    | CUSIP: 86562MAF7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1200000 | PA      | $1175822.12   | 0.31%             | 2026-07-14      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TR 2024-A                                              | HYUNDAI AUTO RECEIVABLES TR 2024-A 5.29% 04/15/2027                                               | CUSIP: 448973AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      5298 | PA      | $5308.13      | 0.00%             | 2027-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                        | COOPERATIEVE RABOBANK UA T1Y+NA 06/24/2026 144A                                                   | CUSIP: 74977RDH4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1197147.23   | 0.32%             | 2026-06-24      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-XL5                                                         | BX COML MTG TR 2024-XL5 A TSFR1M+139.165 03/15/2039 144A                                          | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1135786 | PA      | $1136496.15   | 0.30%             | 2041-03-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TR 2024-2                                                     | CARMAX AUTO OWNER TR 2024-2 5.65% 05/17/2027                                                      | CUSIP: 14319EAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    432467 | PA      | $433460.20    | 0.12%             | 2027-05-17      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                    | BARCLAYS PLC 5.829%/VAR 05/09/2027                                                                | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1150000 | PA      | $1160495.53   | 0.31%             | 2027-05-09      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | MARS INC 4.45% 03/01/2027 144A                                                                    | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    959000 | PA      | $959929.17    | 0.26%             | 2027-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                               | NATWEST GROUP PLC 1.642%/VAR 06/14/2027                                                           | CUSIP: 639057AC2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1157000 | PA      | $1121052.94   | 0.30%             | 2027-06-14      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BMW VEHICLE LEASE TRUST 2024-1                                                  | BMW VEHICLE LEASE TRUST 2024-1 SOFR30A+40 07/27/2026                                              | CUSIP: 05611UAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      5188 | PA      | $5188.43      | 0.00%             | 2026-07-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                                     | AMERICAN HONDA FINANCE CORP FRN SOFR+71 01/09/2026                                                | CUSIP: 02665WEX5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1101512.37   | 0.29%             | 2026-01-09      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-AUTO RECEIVABLES TR 2023-1                                             | MERCEDES-BENZ AUTO RECEIVABLES TR 2023-1 4.51% 11/15/2027                                         | CUSIP: 58770AAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    439462 | PA      | $439266.97    | 0.12%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO LEASE TRUST 2025-A                                             | FORD CREDIT AUTO LEASE TRUST 2025-A 4.57% 08/15/2027                                              | CUSIP: 345282AB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    775000 | PA      | $774641.33    | 0.21%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA LONDON BRANCH                                                | CREDIT AGRICOLE SA LONDON BRH 1.907%/VAR 06/16/2026 144A                                          | CUSIP: 22535WAG2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | GB        |    350000 | PA      | $349598.47    | 0.09%             | 2026-06-16      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                                                  | HOME DEPOT INC FRN SOFR+33 12/24/2025                                                             | CUSIP: 437076CY6<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    860000 | PA      | $860865.16    | 0.23%             | 2025-12-24      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                              | CREDIT AGRICOLE SA 5.589% 07/05/2026 144A                                                         | CUSIP: 22534PAE3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1012540.65   | 0.27%             | 2026-07-05      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UBS COMMERCIAL MORTGAGE TRUST 2017-C4                                           | UBS COMMERCIAL MORTGAGE TRUST 2017-C4 3.366% 10/15/2050                                           | CUSIP: 90276RBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85114 | PA      | $84006.92     | 0.02%             | 2050-10-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2025-1                                                | KUBOTA CREDIT OWNER TRUST 2025-1 4.61% 12/15/2027 144A                                            | CUSIP: 50117FAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1015000 | PA      | $1016480.17   | 0.27%             | 2027-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GLENCORE FDG LLC                                                                | GLENCORE FDG LLC 1.625% 04/27/2026 144A                                                           | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    800000 | PA      | $778562.55    | 0.21%             | 2026-04-27      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TR 2024-2                                                     | CARMAX AUTO OWNER TR 2024-2 SOFR30A+73 05/17/2027                                                 | CUSIP: 14319EAD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    712075 | PA      | $712410.14    | 0.19%             | 2027-05-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                                 | CHEVRON USA INC FRN SOFRINDX+36 02/26/2027                                                        | CUSIP: 166756BA3<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1066000 | PA      | $1066159.90   | 0.28%             | 2027-02-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL LEASING TRUST 2024-1                                               | GM FINANCIAL LEASING TRUST 2024-1 5.18% 06/22/2026                                                | CUSIP: 36269FAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    373066 | PA      | $373314.54    | 0.10%             | 2026-06-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2025-2 LLC                                           | ENTERPRISE FLEET FINANCING 2025-2 LLC 4.51% 02/22/2028 144A                                       | CUSIP: 29375TAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1106000 | PA      | $1104720.47   | 0.29%             | 2028-02-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO 3.95% 08/01/2025                                                              | CUSIP: 025816CY3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29984.55     | 0.01%             | 2025-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                             | AMERICAN TOWER CORP 4% 06/01/2025                                                                 | CUSIP: 03027XAG5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1450000.00   | 0.39%             | 2025-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                                   | DTE ENERGY CO 1.05% 06/01/2025                                                                    | CUSIP: 233331BG1<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1250000.00   | 0.33%             | 2025-06-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TR 2025-P1                                             | CARVANA AUTO RECEIVABLES TR 2025-P1 4.5% 06/12/2028                                               | CUSIP: 14689MAB6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    295000 | PA      | $294527.14    | 0.08%             | 2028-06-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                                                | WHEELS FLEET LEASE FUNDING 1 LLC 0% 02/18/2039 144A                                               | CUSIP: 96328GBN6<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |    894640 | PA      | $895684.00    | 0.24%             | 2039-02-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                               | NATWEST GROUP PLC 5.847%/VAR 03/02/2027                                                           | CUSIP: 639057AJ7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1440000 | PA      | $1451655.16   | 0.39%             | 2027-03-02      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                         | HYUNDAI CAP AMER 5.8% 06/26/2025 144A                                                             | CUSIP: 44891ACF2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1100501.39   | 0.29%             | 2025-06-26      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-GPA3                                                        | BX COML MTG TR 2024-GPA3 A TSFR1M+149.25 12/15/2029 144A                                          | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98460 | PA      | $98459.97     | 0.03%             | 2039-12-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| EXETER SELECT AUTOMOBILE RECEIVABLES TR 2025-1                                  | EXETER SELECT AUTOMOBILE RECEIVABLES TR 2025-1 4.83% 10/16/2028                                   | CUSIP: 30185AAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     40000 | PA      | $39965.83     | 0.01%             | 2028-10-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE GLOBAL FUNDING                                         | EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 4.6% 04/01/2027 144A                                      | CUSIP: 29449WAU1<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |    681000 | PA      | $680733.15    | 0.18%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK 2017-BNKS                                                                  | BANK 2017-BNKS 3.179% 06/15/2060                                                                  | CUSIP: 06541WAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63922 | PA      | $62956.04     | 0.02%             | 2060-06-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                            | ENEL FINANCE INTL NV STEP 10/14/2025 144A                                                         | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1356000 | PA      | $1365387.36   | 0.36%             | 2025-10-14      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2024-1                                              | ALLY AUTO RECEIVABLES TRUST 2024-1 5.32% 01/15/2027                                               | CUSIP: 02008FAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      3798 | PA      | $3800.90      | 0.00%             | 2027-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA LEASE OWNER TRUST 2025-A                                                 | TOYOTA LEASE OWNER TRUST 2025-A 4.58% 07/20/2027 144A                                             | CUSIP: 89239NAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    675000 | PA      | $675801.09    | 0.18%             | 2027-07-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEUBERGER BERMAN LN ADVISERS NBLA CLO 50 LTD / NEUBERGER BERMAN LN              | NEUBERGER BERMAN LN ADVISERS NBLA CLO 50 LTD / NEUBERGER BERMAN LN AR TSFR3M+125 07/23/2036 144A  | CUSIP: 64134VAQ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1500289.50   | 0.40%             | 2036-07-23      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DELL EQUIP FIN TR 2024-2                                                        | DELL EQUIP FIN TR 2024-2 4.69% 08/22/2030 144A                                                    | CUSIP: 24704EAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    670000 | PA      | $670376.34    | 0.18%             | 2030-08-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC 5.887%/VAR 08/14/2027                                                           | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1150000 | PA      | $1164268.42   | 0.31%             | 2027-08-14      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                                         | BANK OF NOVA SCOTIA 2.7% 08/03/2026                                                               | CUSIP: 064159QE9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1078638.28   | 0.29%             | 2026-08-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                                   | GOLDMAN SACHS GROUP INC (THE) FRN SOFR+106.5 08/10/2026                                           | CUSIP: 38145GAN0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501860.00   | 0.40%             | 2026-08-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FLATIRON CLO 23 LLC                                                             | FLATIRON CLO 23-1A AR LLC TSFR3M+124 04/17/2036 144A                                              | CUSIP: 33883DAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    981000 | PA      | $981000.00    | 0.26%             | 2036-04-17      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TR                                                | GMF FLOORPLAN OWNER REVOLVING TR 4.68% 11/15/2028 144A                                            | CUSIP: 361886DK7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    940000 | PA      | $941851.33    | 0.25%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                                            | BANK OF MONTREAL QUE 4.567%/VAR 09/10/2027                                                        | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1030000 | PA      | $1029160.24   | 0.27%             | 2027-09-10      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                                     | AMERICAN HONDA FINANCE CORP FRN SOFRINDX+79 10/03/2025                                            | CUSIP: 02665WES6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1101560.58   | 0.29%             | 2025-10-03      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2023-B                                  | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2023-B 5.15% 06/15/2026 144A                              | CUSIP: 448980AD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    233601 | PA      | $233707.00    | 0.06%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-3                                   | SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-3 5.91% 06/15/2027                                    | CUSIP: 80287LAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    141455 | PA      | $141589.50    | 0.04%             | 2027-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | VISTRA OPERATIONS CO LLC 5.05% 12/30/2026 144A                                                    | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    260000 | PA      | $260678.08    | 0.07%             | 2026-12-30      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINANCIAL GROUP INC                                             | SUMITOMO MITSUI FINL GRP INC 1.402% 09/17/2026                                                    | CUSIP: 86562MCH1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1200000 | PA      | $1153110.61   | 0.31%             | 2026-09-17      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A                            | WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A A2B 5.57% 02/16/2027                         | CUSIP: 981946AC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    414812 | PA      | $414918.09    | 0.11%             | 2027-02-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C32                                  | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-C32 A3FL TSFR1M+153.448 01/15/2059                     | CUSIP: 94989YBG7<br>LEI: 549300VOKB4Z9J8DIM89 | Long             | ABS-MBS          | CORP              | US        |    424745 | PA      | $425406.41    | 0.11%             | 2059-01-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| COMM 2015-CCRE27 MTG TR                                                         | COMMERCIAL MORTGAGE PASS THROUGH CERTS 3.404% 10/10/2048                                          | CUSIP: 12635QBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8909 | PA      | $8894.49      | 0.00%             | 2048-10-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                                                           | REYNOLDS AMERICAN INC 4.45% 06/12/2025                                                            | CUSIP: 761713BG0<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1109916.73   | 0.30%             | 2025-06-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                            | ROYAL BANK OF CANADA FRN SOFRINDX+57 04/27/2026                                                   | CUSIP: 78016EZR1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1100000 | PA      | $1101026.77   | 0.29%             | 2026-04-27      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                         | HCA INC 5.875% 02/15/2026                                                                         | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1027128.98   | 0.27%             | 2026-02-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2024                                                     | JOHN DEERE OWNER TRUST 2024 5.19% 02/16/2027                                                      | CUSIP: 47800RAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      9177 | PA      | $9189.70      | 0.00%             | 2027-02-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIBANK, N.A.                                                                  | CITIBANK NA FRN SOFR+70.8 08/06/2026                                                              | CUSIP: 17325FBH0<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751162.55    | 0.20%             | 2026-08-06      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2025-B OWNER TR                                         | TOYOTA AUTO RECEIVABLES 2025-B OWNER TR 4.46% 03/15/2028                                          | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1120000 | PA      | $1120365.34   | 0.30%             | 2028-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2022-2                               | GM FINL CONSUMER AUTOMOBILE RECEIVABLES TR 2022-2 3.1% 02/16/2027                                 | CUSIP: 362585AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      6083 | PA      | $6056.88      | 0.00%             | 2027-02-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BOSTON SCIENTIFIC CORP                                                          | BOSTON SCIENTIFIC CORP 1.9% 06/01/2025                                                            | CUSIP: 101137AZ0<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    400000 | PA      | $400000.00    | 0.11%             | 2025-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| GMF LEASING LLC                                                                 | GMF LEASING LLC 4.55% 07/20/2027                                                                  | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    950000 | PA      | $949821.50    | 0.25%             | 2027-07-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                                   | GOLDMAN SACHS GROUP INC (THE) FRN SOFR+129 04/23/2028                                             | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    807000 | PA      | $811939.20    | 0.22%             | 2028-04-23      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                           | ATHENE GLOBAL FUNDING 4.95% 01/07/2027 144A                                                       | CUSIP: 04685A4E8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1203102.91   | 0.32%             | 2027-01-07      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                     | BANK OF AMERICA CORPORATION 3.559%/VAR 04/23/2027                                                 | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1148117.30   | 0.31%             | 2027-04-23      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORPORATION                                                     | BANK OF AMERICA CORPORATION 3.824%/VAR 01/20/2028                                                 | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1134577.19   | 0.30%             | 2028-01-20      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2025-1 LLC                                           | ENTERPRISE FLEET FINANCING 2025-1 LLC 4.65% 10/20/2027 144A                                       | CUSIP: 29390HAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    775000 | PA      | $775445.32    | 0.21%             | 2027-10-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | FORD MTR CR CO LLC 5.125% 06/16/2025                                                              | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749969.93    | 0.20%             | 2025-06-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                | CROWN CASTLE INC 1.35% 07/15/2025                                                                 | CUSIP: 22822VAS0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1095168.04   | 0.29%             | 2025-07-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| TESLA 2024-A A3                                                                 | TESLA 2024-A A3 5.37% 06/22/2026 144A                                                             | CUSIP: 88166VAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |       192 | PA      | $191.69       | 0.00%             | 2026-06-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DELL EQUIP FIN TR 2025-1                                                        | DELL EQUIP FIN TR 2025-1 4.68% 07/22/2027 144A                                                    | CUSIP: 24703UAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    130000 | PA      | $130249.24    | 0.03%             | 2027-07-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORD CR FLOORPLN MAST OWN TR A                                                  | FORD CR FLOORPLN MAST OWN TR A 1.06% 09/15/2027                                                   | CUSIP: 34528QHQ0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-CBDO         | CORP              | US        |     25000 | PA      | $24744.47     | 0.01%             | 2027-09-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                                    | ING GROEP NV FRN SOFRINDX+156 09/11/2027                                                          | CUSIP: 456837BJ1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1100000 | PA      | $1109643.44   | 0.30%             | 2027-09-11      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE 2025-1 LLC                                          | POST ROAD EQUIPMENT FINANCE 2025-1 LLC 4.9% 05/15/2031 144A                                       | CUSIP: 73747LAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $100302.71    | 0.03%             | 2031-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP 6.047%/VAR 06/08/2027                                                       | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1124330.27   | 0.30%             | 2027-06-08      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SPRINT CORP                                                                     | SPRINT CORP 7.625% 03/01/2026                                                                     | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    900000 | PA      | $909893.56    | 0.24%             | 2026-03-01      | Fixed         | 0.08%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR                              | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 4.45% 10/01/2025                               | CUSIP: 00774MAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    800000 | PA      | $798994.80    | 0.21%             | 2025-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A                            | WORLD OMNI AUTOMOBILE LEASE SECURITIZATION TR 2024-A 5.32% 02/16/2027                             | CUSIP: 981946AB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      6133 | PA      | $6146.98      | 0.00%             | 2027-02-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO RECEIVABLES TRUST 2022-B                                           | HYUNDAI AUTO RECEIVABLES TRUST 2022-B 3.72% 11/16/2026                                            | CUSIP: 44918MAD2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      5728 | PA      | $5717.99      | 0.00%             | 2026-11-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                               | NATWEST GROUP PLC 7.472%/VAR 11/10/2026                                                           | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1112633.42   | 0.30%             | 2026-11-10      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                                                                      | MATTEL INC 3.375% 04/01/2026 144A                                                                 | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    380000 | PA      | $374144.01    | 0.10%             | 2026-04-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                         | HYUNDAI CAP AMER 5.45% 06/24/2026 144A                                                            | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    661000 | PA      | $664297.64    | 0.18%             | 2026-06-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP / VICI NOTE CO INC                                           | VICI PROPERTIES LP / VICI NOTE CO INC 4.25% 12/01/2026 144A                                       | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $939465.17    | 0.25%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHASE ISSUANCE TR                                                               | CHASE ISSUANCE TR 3.97% 09/15/2027                                                                | CUSIP: 161571HS6<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1497102.15   | 0.40%             | 2027-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GMF FLOORPLAN OWNER REVOLVING TR                                                | GMF FLOORPLAN OWNER REVOLVING TR SOFR30A+55 03/15/2029 144A                                       | CUSIP: 361886DX9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    705000 | PA      | $703531.06    | 0.19%             | 2029-03-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | ENERGY TRANSFER LP 5.625% 05/01/2027 144A                                                         | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30001.34     | 0.01%             | 2027-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| DELL INTERNATIONAL LLC / EMC CORP                                               | DELL INTL/EMC CORP 6.02% 06/15/2026                                                               | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    930000 | PA      | $938612.86    | 0.25%             | 2026-06-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO LEASE TRUST 2024-A                                           | MERCEDES-BENZ AUTO LEASE TRUST 2024-A 5.44% 02/16/2027                                            | CUSIP: 58770JAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    680430 | PA      | $682081.03    | 0.18%             | 2027-02-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COML MTG TR 2024-GRP                                                | WELLS FARGO COML MTG 2024-GRP A TSFR1M+179.132 10/15/2041 144A                                    | CUSIP: 95003YAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    388000 | PA      | $389319.67    | 0.10%             | 2041-10-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                              | BMW US CAPITAL LLC FRN SOFRINDX+80 08/13/2026 144A                                                | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1103825.80   | 0.29%             | 2026-08-13      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION ENERGY GENERATION LLC                                             | CONSTELLATION ENERGY GENERATION LLC 3.25% 06/01/2025                                              | CUSIP: 30161MAS2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    950000 | PA      | $950000.00    | 0.25%             | 2025-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MAGNETITE XXII LTD / MAGNETITE XXII LLC                                         | MAGNETITE XXII LTD / MAGNETITE XXII LLC ARR TSFR3M+125 07/15/2036 144A                            | CUSIP: 55954HAW2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    892000 | PA      | $892182.86    | 0.24%             | 2036-07-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTO RECEIVABLES TRUST 2025-A                                        | WORLD OMNI AUTO RECEIVABLES TRUST 2025-A 4.49% 04/17/2028                                         | CUSIP: 98164YAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    820000 | PA      | $819792.54    | 0.22%             | 2028-04-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                            | KEURIG DR PEPPER INC FRN SOFR+58 11/15/2026                                                       | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   1272000 | PA      | $1273895.28   | 0.34%             | 2026-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                       | UST NOTES 3.5% 09/30/2026                                                                         | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20950300 | PA      | $20802993.20  | 5.55%             | 2026-09-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TRUST 2024-1                                                  | CARMAX AUTO OWNER TRUST 2024-1 5.3% 03/15/2027                                                    | CUSIP: 14318WAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    337959 | PA      | $338376.92    | 0.09%             | 2027-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RABOBANK NEDERLAND NEW YORK BRH                                                 | RABOBANK NEDERLAND NY BRH 4.333% 08/28/2026                                                       | CUSIP: 21688ABF8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999396.69    | 0.27%             | 2026-08-28      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TR 2024-C                                                      | JOHN DEERE OWNER TR 2024-C A2B SOFR30A+43 08/16/2027                                              | CUSIP: 477911AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    747186 | PA      | $747446.87    | 0.20%             | 2027-08-16      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL FDG                                                    | JACKSON NATL LIFE GLOBAL FDG 3.05% 04/29/2026 144A                                                | CUSIP: 46849LSQ5<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    760000 | PA      | $749862.15    | 0.20%             | 2026-04-29      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VALLEY STREAM PK CLO LTD / VY STREAM PK CLO LLC                                 | VALLEY STREAM PK CLO LTD / VY STREAM PK CLO LLC ARR TSFR3M+119 01/20/2037 144A                    | CUSIP: 92013AAT6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    558000 | PA      | $557389.55    | 0.15%             | 2037-01-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORDO 2024-B                                                                    | FORDO 2024-B 5.4% 04/15/2027                                                                      | CUSIP: 34531QAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    485047 | PA      | $486318.87    | 0.13%             | 2027-04-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CSX CORP                                                                        | CSX CORP 2.6% 11/01/2026                                                                          | CUSIP: 126408HE6<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |    700000 | PA      | $682618.20    | 0.18%             | 2026-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO LEASE TRUST 2025-A                                           | MERCEDES-BENZ AUTO LEASE TRUST 2025-A 4.57% 04/17/2028                                            | CUSIP: 58768YAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    700000 | PA      | $701245.51    | 0.19%             | 2028-04-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                    | Fidelity Cash Central Fund                                                                        | CUSIP: 31635A105<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |   2938702 | NS      | $2939289.73   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DANSKE BANK A/S                                                                 | DANSKE BANK AS (UNGTD) 6.259%/VAR 09/22/2026 144A                                                 | CUSIP: 23636ABE0<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1100000 | PA      | $1104144.70   | 0.29%             | 2026-09-22      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | BRISTOL-MYERS SQUIBB CO FRN SOFR+49 02/20/2026                                                    | CUSIP: 110122EM6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30050.51     | 0.01%             | 2026-02-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLY AUTO RECEIVABLES TRUST 2022-2                                              | ALLY AUTO RECEIVABLES TRUST 2022-2 A3 4.76% 05/17/2027                                            | CUSIP: 02008MAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    366150 | PA      | $366212.51    | 0.10%             | 2027-05-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UST BILLS                                                                       | UST BILLS 0% 08/07/2025                                                                           | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5850000 | PA      | $5804633.25   | 1.55%             | 2025-08-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | FORD MTR CR CO LLC 4.389% 01/08/2026                                                              | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    435000 | PA      | $431524.86    | 0.12%             | 2026-01-08      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PALMER SQUARE LN FDG 2022-1 LTD / PALMER SQUARE LN FDG 2022-1 LLC               | PALMER SQUARE LN FDG 2022-1 LTD / PALMER SQUARE LN FDG 2022-1 LLC A2 TSFR3M+160 04/15/2030 144A   | CUSIP: 69701CAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1151198.30   | 0.31%             | 2030-04-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2024-4 LLC                                           | ENTERPRISE FLEET FINANCING 2024-4 LLC 4.69% 07/20/2027 144A                                       | CUSIP: 29374MAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    920000 | PA      | $920311.79    | 0.25%             | 2027-07-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP PLC                                                       | BANK IRELAND GROUP PLC 2.029%/VAR 09/30/2027 144A                                                 | CUSIP: 06279JAB5<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    811000 | PA      | $781596.38    | 0.21%             | 2027-09-30      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DELL EQUIPMENT FINANCE TRUST 2023                                               | DELL EQUIPMENT FINANCE TRUST 2023 5.65% 09/22/2028 144A                                           | CUSIP: 24702HAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    620036 | PA      | $621455.05    | 0.17%             | 2028-09-22      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VOLVO FINANCIAL EQUIPMENT LLC SERIES 2024-1                                     | VOLVO FINANCIAL EQUIPMENT LLC SERIES 2024-1A A2 4.56% 05/17/2027 144A                             | CUSIP: 92887QAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    560000 | PA      | $559739.71    | 0.15%             | 2027-05-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE CORP                                                     | AMERICAN HONDA FINANCE CORP FRN SOFR+65 05/20/2026                                                | CUSIP: 02665WGB1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    900000 | PA      | $900611.37    | 0.24%             | 2026-05-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COML MTG TR 2017                                                      | CITIGROUP COML MTG TR 2017-P7 3.509% 04/14/2050                                                   | CUSIP: 17325HBQ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     13142 | PA      | $13023.31     | 0.00%             | 2050-04-14      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                                                                 | NORDEA BANK ABP FRN SOFR+70 03/17/2028 144A                                                       | CUSIP: 65558RAM1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   1100000 | PA      | $1100574.51   | 0.29%             | 2028-03-17      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                    | BARCLAYS PLC FRN SOFR+188 09/13/2027                                                              | CUSIP: 06738ECM5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1111813.34   | 0.30%             | 2027-09-13      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| THE TORONTO DOMINION BANK                                                       | TORONTO DOMINION BANK FRN SOFR+102 06/06/2025                                                     | CUSIP: 89115A2B7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25003.93     | 0.01%             | 2025-06-06      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FINANCE NORTH AMERICA LLC                                         | MERCEDES-BENZ FINANCE NORTH AMERICA LLC FRN SOFR+63 07/31/2026 144A                               | CUSIP: 58769JAV9<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1500765.39   | 0.40%             | 2026-07-31      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ARI FLEET LEASE TRUST 2024-B                                                    | ARI FLEET LEASE TRUST 2024-B 5.54% 04/15/2033 144A                                                | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     80886 | PA      | $81307.81     | 0.02%             | 2033-04-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                        | LLOYDS BANKING GROUP PLC FRN SOFRINDX+156 08/07/2027                                              | CUSIP: 53944YAW3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1108391.10   | 0.30%             | 2027-08-07      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NATIONAL ASSOCIATION                                           | WELLS FARGO BK NATL ASSN FRN SOFR+71 01/15/2026                                                   | CUSIP: 94988J6J1<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1101892.64   | 0.29%             | 2026-01-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA PITTSBURGH PA                                                       | PNC BANK NA PITTSBURGH PA 3.25% 06/01/2025                                                        | CUSIP: 69353REQ7<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    650000 | PA      | $650000.00    | 0.17%             | 2025-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GS MTG SECS CORP TR 2012-BWTR                                                   | GS MTG SECS CORP TR 2012-BWTR 3.313% 11/10/2050                                                   | CUSIP: 36254KAM4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     49053 | PA      | $48403.36     | 0.01%             | 2050-11-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                                                    | DNB BANK ASA 1.127%/VAR 09/16/2026 144A                                                           | CUSIP: 23329PAF7<br>LEI: 549300GKFG0RYRRQ1414 | Long             | DBT              | CORP              | NO        |   1221000 | PA      | $1207880.68   | 0.32%             | 2026-09-16      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| OPEN TR 2023-AIR                                                                | OPEN TR 2023-AIR TSFR1M+308.92 10/15/2028 144A                                                    | CUSIP: 68373BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25737 | PA      | $25807.95     | 0.01%             | 2040-11-15      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                                                                | WILLIAMS COS INC 5.4% 03/02/2026                                                                  | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1105481.52   | 0.29%             | 2026-03-02      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BMP 2024-MF23                                                                   | BROOKFIELD 2024-MF23 A TSFR1M+149.177 06/15/2041 144A                                             | CUSIP: 05593JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211000 | PA      | $211131.88    | 0.06%             | 2041-06-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTO RECEIVABLES TR 2024-B                                           | WORLD OMNI AUTO RECEIVABLES TR 2024-B 5.48% 09/15/2027                                            | CUSIP: 98164HAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    342020 | PA      | $342670.18    | 0.09%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EXTENDED STAY AMER TR 2021-ESH                                                  | EXTENDED STAY AMER TR 2021-ESH A TSFR1M+119.448 07/15/2038 144A                                   | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    107216 | PA      | $107215.95    | 0.03%             | 2038-07-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MARLETTE FUNDING TRUST 2024-1                                                   | MARLETTE FUNDING TRUST 2024-1 5.95% 07/17/2034 144A                                               | CUSIP: 57108VAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     20828 | PA      | $20860.44     | 0.01%             | 2034-07-17      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                | ALTRIA GROUP INC 2.625% 09/16/2026                                                                | CUSIP: 02209SAU7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    770000 | PA      | $752059.08    | 0.20%             | 2026-09-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SBNA AUTO LEASE TRUST 2024-C                                                    | SBNA AUTO LEASE TRUST 2024-C 4.94% 11/20/2026 144A                                                | CUSIP: 78398DAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    281361 | PA      | $281416.20    | 0.08%             | 2026-11-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR                              | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 2.45% 10/29/2026                               | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    980000 | PA      | $949810.55    | 0.25%             | 2026-10-29      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BNCH                                                  | DEUTSCHE BANK AG NEW YORK BNCH 7.146%/VAR 07/13/2027                                              | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |    759000 | PA      | $777016.77    | 0.21%             | 2027-07-13      | Variable      | 0.07%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                                     | VIATRIS INC 1.65% 06/22/2025                                                                      | CUSIP: 92556VAB2<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19952.13     | 0.01%             | 2025-06-22      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2022-C OWNER TR                                         | TOYOTA AUTO RECEIVABLES 2022-C OWNER TR 3.76% 04/15/2027                                          | CUSIP: 89231CAD9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    143239 | PA      | $142724.54    | 0.04%             | 2027-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                         | NATIONAL BANK OF CANADA 4.95%/VAR 02/01/2028                                                      | CUSIP: 63307A3D5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   1175000 | PA      | $1180064.91   | 0.31%             | 2028-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GLOBAL FUNDING II                                                  | PACIFIC LIFE GF II FRN SOFR+62 06/04/2026 144A                                                    | CUSIP: 6944PL2G3<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25047.15     | 0.01%             | 2026-06-04      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT CORP 3.125% 05/15/2026 144A                                                                   | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    499000 | PA      | $489994.22    | 0.13%             | 2026-05-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2024-D                                             | FORD CREDIT AUTO OWNER TRUST 2024-D 4.59% 10/15/2027                                              | CUSIP: 34535VAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    615000 | PA      | $615108.55    | 0.16%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | TRUIST FINANCIAL CORP 1.267%/VAR 03/02/2027                                                       | CUSIP: 89788MAD4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    970000 | PA      | $943871.66    | 0.25%             | 2027-03-02      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| DLLAD 2024-1 LLC                                                                | DLLAD 2024-1 LLC 5.5% 08/20/2027 144A                                                             | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    282047 | PA      | $283221.93    | 0.08%             | 2027-08-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG LLC                                                              | NXP BV/NXP FDG LLC 5.35% 03/01/2026                                                               | CUSIP: 62947QBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   1100000 | PA      | $1105662.78   | 0.29%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST OHIO GAS CO/THE                                                            | EAST OHIO GAS CO/THE 1.3% 06/15/2025 144A                                                         | CUSIP: 27409LAA1<br>LEI: BC95Y6MXLT75BGO7UM71 | Long             | DBT              | CORP              | US        |    830000 | PA      | $828893.44    | 0.22%             | 2025-06-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| US BANCORP DEL                                                                  | US BANCORP DEL 5.727%/VAR 10/21/2026                                                              | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1023837.91   | 0.27%             | 2026-10-21      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| UBS COML MTG TR 2017-C7                                                         | UBS COML MTG TR 2017-C7 3.586% 12/15/2050                                                         | CUSIP: 90276WAQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200298 | PA      | $197845.35    | 0.05%             | 2050-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                                                                      | NASDAQ INC 5.65% 06/28/2025                                                                       | CUSIP: 63111XAG6<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600067.79    | 0.16%             | 2025-06-28      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                       | UST NOTES 4.125% 01/31/2027                                                                       | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15400000 | PA      | $15434890.55  | 4.12%             | 2027-01-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY 1.512%/VAR 07/20/2027                                                              | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1138538.66   | 0.30%             | 2027-07-20      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| THE TORONTO DOMINION BANK                                                       | TORONTO DOMINION BANK 4.568% 12/17/2026                                                           | CUSIP: 89115A3A8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1501869.20   | 0.40%             | 2026-12-17      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                            | ROYAL BANK OF CANADA 1.15% 06/10/2025                                                             | CUSIP: 78015K7H1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $29978.73     | 0.01%             | 2025-06-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2024-MDHS                                                        | BX COML MTG TR 2024-MDHS 6.8415% 05/15/2041 144A                                                  | CUSIP: 12433BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    393550 | PA      | $394042.12    | 0.11%             | 2041-05-15      | Floating      | 0.06%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL QUE                                                            | BANK OF MONTREAL QUE FRN SOFRINDX+106 06/07/2025                                                  | CUSIP: 06368D3T9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1125000 | PA      | $1125123.13   | 0.30%             | 2025-06-07      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TR 2022-2                                                     | CARMAX AUTO OWNER TR 2022-2 A3 3.49% 02/16/2027                                                   | CUSIP: 14317HAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    256363 | PA      | $255605.83    | 0.07%             | 2027-02-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                    | BARCLAYS PLC 4.375% 01/12/2026                                                                    | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1200000 | PA      | $1197111.43   | 0.32%             | 2026-01-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BNCH                                                  | DEUTSCHE BANK AG NEW YORK BNCH 2.311%/VAR 11/16/2027                                              | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1126261.42   | 0.30%             | 2027-11-16      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BX 2021-MFM1                                                                    | BX 2021-MFM1 A TSFR1M+81.448 01/15/2034 144A                                                      | CUSIP: 05608VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20955 | PA      | $20941.72     | 0.01%             | 2034-01-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1                                 | WELLS FARGO COMMERCIAL MORTGAGE TRUST 2016-BNK1 2.514% 08/15/2049                                 | CUSIP: 95000GAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     73772 | PA      | $73322.54     | 0.02%             | 2049-08-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FUNDING LTD                                                     | AVOLON HOLDINGS FUNDING LTD 2.125% 02/21/2026 144A                                                | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1031000 | PA      | $1007722.61   | 0.27%             | 2026-02-21      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                    | ENBRIDGE INC 1.6% 10/04/2026                                                                      | CUSIP: 29250NBH7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    780000 | PA      | $749912.35    | 0.20%             | 2026-10-04      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FINANCIAL GROUP INC                                              | MITSUBISHI UFJ FIN GRP INC 1.412% 07/17/2025                                                      | CUSIP: 606822BS2<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $995995.58    | 0.27%             | 2025-07-17      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| BX COMMERCIAL MORTGAGE TRUST 2021-VINO                                          | BX COMMERCIAL MORTGAGE TRUST 22-LP2 A TSFR1M+96.27 02/15/2039 144A                                | CUSIP: 05610HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    953504 | PA      | $951716.54    | 0.25%             | 2039-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMER FIN LLC                                                   | VOLKSWAGEN GROUP AMER FIN LLC FRN SOFR+83 03/20/2026 144A                                         | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1532171.02   | 0.41%             | 2026-03-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                                | ABN AMRO BANK NV FRN SOFRINDX+178 09/18/2027 144A                                                 | CUSIP: 00084DBB5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1100000 | PA      | $1110934.00   | 0.30%             | 2027-09-18      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| SANTANDER HLDGS USA INC                                                         | SANTANDER HLDGS USA INC 4.5% 07/17/2025                                                           | CUSIP: 80282KAE6<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    950000 | PA      | $949453.37    | 0.25%             | 2025-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| AFFIRM ASSET SECURITIZATION TR 2024-X1                                          | AFFIRM ASSET SECURITIZATION TR 2024-X1 6.27% 05/15/2029 144A                                      | CUSIP: 00834XAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     16526 | PA      | $16544.16     | 0.00%             | 2029-05-15      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| TRANE TECHNOLOGIES FINANCING LTD                                                | TRANE TECHNOLOGIES FINANCING LTD 3.5% 03/21/2026                                                  | CUSIP: 456873AE8<br>LEI: 549300A5OEF3CJI2CO89 | Long             | DBT              | CORP              | IE        |   1140000 | PA      | $1131651.48   | 0.30%             | 2026-03-21      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GLAXOSMITHKLINE CAP PLC                                                         | GLAXOSMITHKLINE CAP PLC FRN SOFR+50 03/12/2027                                                    | CUSIP: 377373AN5<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |   1250000 | PA      | $1253012.50   | 0.33%             | 2027-03-12      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                             | GILEAD SCIENCES INC 3.65% 03/01/2026                                                              | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1092725.46   | 0.29%             | 2026-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CFMT 2024-HB13 LLC                                                              | CFMT 2024-HB13 LLC VAR 05/25/2034 144A                                                            | CUSIP: 12530VAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     99073 | PA      | $97148.84     | 0.03%             | 2034-05-25      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC (THE)                                                   | GOLDMAN SACHS GROUP INC (THE) 4.387%/VAR 06/15/2027                                               | CUSIP: 38141GZT4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    930000 | PA      | $927360.61    | 0.25%             | 2027-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAPITAL LLC                                                      | CNH INDUSTRIAL CAPITAL LLC 5.45% 10/14/2025                                                       | CUSIP: 12592BAP9<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003307.07   | 0.27%             | 2025-10-14      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING LP                                                      | DCP MIDSTREAM OPER LP 5.375% 07/15/2025                                                           | CUSIP: 23311VAG2<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1020258.69   | 0.27%             | 2025-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2024-1                                      | VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2024-1 4.65% 11/22/2027                                       | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    933215 | PA      | $933696.15    | 0.25%             | 2027-11-22      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                        | COOPERATIEVE RABOBANK UA 1.98%/VAR 12/15/2027 144A                                                | CUSIP: 74977RDL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    980000 | PA      | $940401.34    | 0.25%             | 2027-12-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CSAIL 2017-CX10 COML MTG TR                                                     | CSAIL 2017-CX10 COMMERCIAL MORTGAGE TRUST 3.3269% 08/15/2026                                      | CUSIP: 12595JAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     36864 | PA      | $36456.52     | 0.01%             | 2050-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TOYOTA LEASE OWNER TRUST 2023-B                                                 | TOYOTA LEASE OWNER TRUST 2023-B 5.66% 11/20/2026 144A                                             | CUSIP: 89240HAD7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1263858 | PA      | $1268556.99   | 0.34%             | 2026-11-20      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL | CHARTER COMMUNICATIONS OPERATING LLC / CHARTER COMMUNICATIONS OPERATING CAPITAL 4.908% 07/23/2025 | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1184000 | PA      | $1183816.70   | 0.32%             | 2025-07-23      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WOART 2025-B                                                                    | WOART 2025-B 4.38% 08/15/2028                                                                     | CUSIP: 98164TAB8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1120000 | PA      | $1118693.18   | 0.30%             | 2028-08-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FLATIRON RR CLO 22 LLC                                                          | FLATIRON RR CLO 22 LLC AR TSFR3M+91 10/15/2034 144A                                               | CUSIP: 33883QAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1091632.30   | 0.29%             | 2034-10-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE and CO                                                           | JPMORGAN CHASE and CO 6.07%/VAR 10/22/2027                                                        | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1122838.62   | 0.30%             | 2027-10-22      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-MOBILE USA INC 2.25% 02/15/2026                                                                 | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    960000 | PA      | $943509.20    | 0.25%             | 2026-02-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC HOLDINGS PLC 2.251%/VAR 11/22/2027                                                           | CUSIP: 404280CX5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $963263.19    | 0.26%             | 2027-11-22      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-P4                                          | CARVANA AUTO RECEIVABLES TRUST 2024-P4 4.62% 02/10/2028                                           | CUSIP: 14076LAB9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    400829 | PA      | $400636.71    | 0.11%             | 2028-02-10      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                       | UST NOTES 4.25% 01/31/2026                                                                        | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25900000 | PA      | $25889629.90  | 6.90%             | 2026-01-31      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMERCIAL MORTGAGE CD 2017-CD4 MTG TR                                          | CD 2017-CD4 ASB 3.317% 05/10/2050                                                                 | CUSIP: 12515DAP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     44504 | PA      | $44008.57     | 0.01%             | 2050-05-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1                                    | GM FINANCIAL AUTOMOBILE LEASING TRUST 2025-1 VAR 05/20/2027                                       | CUSIP: 36271VAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1100000 | PA      | $1100701.47   | 0.29%             | 2027-05-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| THE BANK OF NOVA SCOTIA                                                         | BANK OF NOVA SCOTIA FRN SOFRINDX+54.5 03/02/2026                                                  | CUSIP: 0641593V6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $30022.77     | 0.01%             | 2026-03-02      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                           | ATHENE GLOBAL FUNDING 5.62% 05/08/2026 144A                                                       | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1129737.94   | 0.30%             | 2026-05-08      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR                              | AERCAP IRELAND CAP LTD / AERCAP GLOBAL AVIATION TR 6.5% 07/15/2025                                | CUSIP: 00774MAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    930000 | PA      | $930400.10    | 0.25%             | 2025-07-15      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BK NA SALT LAKE                                                  | MORGAN STANLEY BK NA SALT LAKE 4.447%/VAR 10/15/2027                                              | CUSIP: 61690U8G8<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    900000 | PA      | $899394.50    | 0.24%             | 2027-10-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN AUTO LEASE TR 2024-A                                                 | VOLKSWAGEN AUTO LEASE TR 2024-A A2B SOFR30A+47 12/21/2026                                         | CUSIP: 92866EAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    882921 | PA      | $881941.90    | 0.24%             | 2026-12-21      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                              | BMW US CAPITAL LLC FRN SOFRINDX+62 08/11/2025 144A                                                | CUSIP: 05565ECD5<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1100625.90   | 0.29%             | 2025-08-11      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                        | TOYOTA MOTOR CREDIT CORP FRN SOFRINDX+89 05/18/2026                                               | CUSIP: 89236TKV6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25106.25     | 0.01%             | 2026-05-18      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JPMDB COML MTG SECS TR 2017-C5                                                  | JPMDB 2017-C5 ASB 3.4919% 03/50                                                                   | CUSIP: 46590TAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    819268 | PA      | $807716.25    | 0.22%             | 2050-03-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| VOYA CLO 2022-1 LTD / VOYA CLO 2022-1 LLC                                       | VOYA CLO 2022-1 LTD / VOYA CLO 2022-1 LLC A1R TSFR3M+125 04/20/2035 144A                          | CUSIP: 92918UAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    696000 | PA      | $695331.14    | 0.19%             | 2035-04-20      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | MORGAN STANLEY 5.05%/VAR 01/28/2027                                                               | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1102338.47   | 0.29%             | 2027-01-28      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CITIZENS AUTO RECEIVABLES TRUST 2024-1                                          | CITIZENS AUTO RECEIVABLES TRUST 2024-1 5.43% 10/15/2026 144A                                      | CUSIP: 17331QAB2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    221530 | PA      | $221745.04    | 0.06%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK NEW YORK MELLON CORP                                                       | BANK NEW YORK MELLON CORP 4.947%/VAR 04/26/2027                                                   | CUSIP: 06406RBQ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1205524.97   | 0.32%             | 2027-04-26      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                        | SVENSKA HANDELSBANKEN AB 1.418%/VAR 06/11/2027 144A                                               | CUSIP: 86959LAH6<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   1180000 | PA      | $1141808.52   | 0.30%             | 2027-06-11      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON                                                         | BANK OF NEW YORK MELLON FRN SOFRINDX+71 04/20/2027                                                | CUSIP: 06405LAG6<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1504097.03   | 0.40%             | 2027-04-20      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                               | STATE STREET CORP FRN SOFR+95 04/24/2028                                                          | CUSIP: 857477CZ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    507000 | PA      | $509600.57    | 0.14%             | 2028-04-24      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MCCORMICK and CO INC                                                            | MCCORMICK and CO INC 0.9% 02/15/2026                                                              | CUSIP: 579780AR8<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1314890.96   | 0.35%             | 2026-02-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL FDG                                                    | JACKSON NATL LIFE GLOBAL FDG FRN SOFR+97 01/14/2028 144A                                          | CUSIP: 46849CJN2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006161.00   | 0.27%             | 2028-01-14      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DBJPM 2017-C6 MTG TR                                                            | DBJPM 2017-C6 ASB 3.121% 06/50                                                                    | CUSIP: 23312JAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     78956 | PA      | $77791.05     | 0.02%             | 2050-06-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE PRIME AUTO RECEIVABLES TR 2024-1                                    | CAPITAL ONE PRIME AUTO RECEIVABLES TR 2024-1 4.61% 10/15/2027                                     | CUSIP: 14043NAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    821885 | PA      | $821899.40    | 0.22%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EQUITABLE FINANCIAL LIFE GLOBAL FUNDING                                         | EQUITABLE FINANCIAL LIFE GLOBAL FUNDING 1.7% 11/12/2026 144A                                      | CUSIP: 29449WAL1<br>LEI: 635400B4JJBON4TCHF02 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $960767.20    | 0.26%             | 2026-11-12      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                     | BNP PARIBAS 2.591%/VAR 01/20/2028 144A                                                            | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1100000 | PA      | $1061770.63   | 0.28%             | 2028-01-20      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UST NOTES                                                                       | UST NOTES 4.75% 07/31/2025                                                                        | CUSIP: 91282CHN4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22000000 | PA      | $22013750.00  | 5.87%             | 2025-07-31      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROSS STORES INC                                                                 | ROSS STORES INC 0.875% 04/15/2026                                                                 | CUSIP: 778296AF0<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |    400000 | PA      | $387671.97    | 0.10%             | 2026-04-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2017-C34                     | MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST 2017-C34 ASB 3.354% 11/15/2052                 | CUSIP: 61767EAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119368 | PA      | $117682.55    | 0.03%             | 2052-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TOYOTA LEASE OWNER TRUST 2023-A                                                 | TOYOTA LEASE OWNER TRUST 2023-A 4.93% 04/20/2026 144A                                             | CUSIP: 89239MAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    106014 | PA      | $106036.52    | 0.03%             | 2026-04-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BANK NEW YORK MELLON CORP                                                       | BANK NEW YORK MELLON CORP 4.414%/VAR 07/24/2026                                                   | CUSIP: 06406RBJ5<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29978.41     | 0.01%             | 2026-07-24      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CARMAX AUTO OWNER TR 2022-3                                                     | CARMAX AUTO OWNER TR 2022-3 3.97% 04/15/2027                                                      | CUSIP: 14318MAD1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    559298 | PA      | $557753.82    | 0.15%             | 2027-04-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LTD                                                  | CANADIAN NATL RESOURCES LTD 2.05% 07/15/2025                                                      | CUSIP: 136385AZ4<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    800000 | PA      | $797364.08    | 0.21%             | 2025-07-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                                 | DANSKE BANK AS (UNGTD) 1.549%/VAR 09/10/2027 144A                                                 | CUSIP: 23636ABB6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    790000 | PA      | $759955.47    | 0.20%             | 2027-09-10      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| BX COML MTG TR 2023-XL3                                                         | BX COML MTG TR 2023-XL3 A TSFR1M+189.123 12/09/2040 144A                                          | CUSIP: 12434GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     75897 | PA      | $76205.76     | 0.02%             | 2040-12-09      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DEXT ABS 2025-1 LLC                                                             | DEXT ABS 2025-1 LLC 4.59% 08/16/2027 144A                                                         | CUSIP: 252154AB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    260000 | PA      | $259552.31    | 0.07%             | 2027-08-16      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B                                  | HYUNDAI AUTO LEASE SECURITIZATION TRUST 2025-B 4.58% 09/15/2027 144A                              | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    915000 | PA      | $916258.22    | 0.24%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                                                | WHEELS FLEET LEASE FUNDING 1 LLC 24-2A A2 SOFR30A+108 06/21/2039 144A                             | CUSIP: 96328GBU0<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-CBDO         | CORP              | US        |    459000 | PA      | $460718.27    | 0.12%             | 2039-06-21      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | AMERICAN EXPRESS CO FRN SOFR+76 02/13/2026                                                        | CUSIP: 025816DD8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1127131.59   | 0.30%             | 2026-02-13      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS GROUP AG 2.193%/VAR 06/05/2026 144A                                                           | CUSIP: 225401AQ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1200000 | PA      | $1199764.99   | 0.32%             | 2026-06-05      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Laura M. Del Prato

**Signature:** Laura M. Del Prato

**Name of Signer:** Laura M. Del Prato

**Title:** President and Treasurer