# EDGAR Filing Document

**Accession Number:** 0000034273
**File Stem:** 0000940400-26-022770
**Filing Date:** 2026-6
**Character Count:** 166407
**Document Hash:** be196cad11b0f18fa6cff4923f816935
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-022770.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-022770

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS EQUITY TRUST
- **CENTRAL INDEX KEY:** 0000034273

**ORGANIZATION NAME:**
- **EIN:** 036066130
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00945
- **FILM NUMBER:** 261048422

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STEET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 800-243-1574

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX EQUITY TRUST
- **DATE OF NAME CHANGE:** 20040628

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX ABERDEEN WORLDWIDE OPPORTUNITIES FUND
- **DATE OF NAME CHANGE:** 19981215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX WORLDWIDE OPPORTUNITIES FUND
- **DATE OF NAME CHANGE:** 19940505

## Series and Classes Contracts Data

### VIRTUS TACTICAL ALLOCATION FUND (Series ID: S000021179)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000060291 | Class A      | NAINX           |
| C000060293 | Class C      | POICX           |
| C000211088 | Class I      | VTAIX           |
| C000224195 | Class R6     | VTARX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Equity Trust

- **b. Investment Company Act file number:** 811-00945

- **c. CIK number of Registrant:** 0000034273

- **d. LEI of Registrant:** 549300BN8LS7IJSSNN03

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

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

- **a. Name of Series:** Virtus Tactical Allocation Fund

- **b. EDGAR series identifier (if any):** S000021179

- **c. LEI of Series:** 5493000BQ75WRC0WLH98

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $548385860.53

**Total Liabilities:** $639072.21

**Net Assets:** $547746788.32

**Cash Not Reported:** $11030805.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -2291.25874500 | **10-Year:** -24070.60719000 | **30-Year:** -47780.79683000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -3251.48471500 | **10-Year:** -1115.11198100 | **30-Year:** -3826.36114100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224195 | 0.41%                | -1.03%               | -5.63%               |
| Class ID C000211088 | 0.41%                | -1.03%               | -5.65%               |
| Class ID C000060293 | 0.30%                | -1.09%               | -5.72%               |
| Class ID C000060291 | 0.41%                | -1.03%               | -5.68%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $799845.18               | $279207.20                                 |
| Month 2  | $14350376.12             | $-21397257.73                              |
| Month 3  | $4755564.26              | $-38566913.90                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MTU Aero Engines AG                                                                    | MTU Aero Engines AG NPV (REGD)                    | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |      9752 | NS      | $3557713.88   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| PETRONAS Capital Ltd.                                                                  | PETMK 5.848 04/03/55 144A                         | CUSIP: 716743AX7<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    163000 | PA      | $166762.04    | 0.03%             | 2055-04-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                                                             | LHX 5.4 07/31/33                                  | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    480000 | PA      | $492476.89    | 0.09%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Pilgrims Pride Corporation                                                             | PPC 6.25 07/01/33                                 | CUSIP: 72147KAK4<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    463000 | PA      | $484844.34    | 0.09%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                               | FG 6.5 06/04/29                                   | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $386608.86    | 0.07%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN FA1728                                         | CUSIP: 3140W14N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2104570 | PA      | $2154148.16   | 0.39%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nokia Corp                                                                             | NOKIA 6.625 05/15/39                              | CUSIP: 654902AC9<br>LEI: 549300A0JPRWG1KI7U06 | Long             | DBT              | CORP              | FI        |     70000 | PA      | $73300.24     | 0.01%             | 2039-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC                                                                    | CITADL 5.15 02/14/31 144A                         | CUSIP: 17287HAF7<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29293.98     | 0.01%             | 2031-02-14      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc.                                                                         | BLK 5.25 03/14/54                                 | CUSIP: 09290DAC5<br>LEI: 529900VBK42Y5HHRMD23 | Long             | DBT              | CORP              | US        |    350000 | PA      | $325568.02    | 0.06%             | 2054-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                           | Marriott International, Inc. CL A                 | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     14782 | NS      | $4834748.74   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corporation                                                             | NTRS V3.375 05/08/32                              | CUSIP: 665859AS3<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    590000 | PA      | $581770.78    | 0.11%             | 2032-05-08      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                  | ROMANI 6.375 01/30/34 144A                        | CUSIP: 77586RAU4<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    138000 | PA      | $137172.00    | 0.03%             | 2034-01-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                           | T 4.375 12/31/29                                  | CUSIP: 91282CMD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1070000 | PA      | $1088098.04   | 0.20%             | 2029-12-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                         | BCRED 6 01/29/32                                  | CUSIP: 09261HBX4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    370000 | PA      | $358818.04    | 0.07%             | 2032-01-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HAITIAN INTERNATIONAL HOLDINGS LTD                                                     | Haitian International Holdings Limited HKD0.10    | CUSIP: 000000000<br>LEI: 30030093DDRS825TVP62 | Long             | EC               | CORP              | KY        |   1300006 | NS      | $3377972.38   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                              | ELSALV 8.625 02/28/29 144A                        | CUSIP: 283875BW1<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     82000 | PA      | $85567.00     | 0.02%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                              | SOBOCN 6.176 10/01/54                             | CUSIP: 83007CAH5<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |     95000 | PA      | $90441.22     | 0.02%             | 2054-10-01      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Lennox International Inc.                                                              | Lennox International Inc. COM                     | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      3770 | NS      | $1749770.10   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 310041                                         | CUSIP: 31374CLW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64107 | PA      | $67069.16     | 0.01%             | 2037-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SARANA MENARA NUSANTARA TBK                                                            | Sarana Menara Nusantara Tbk PT IDR10              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  42934000 | NS      | $1239928.52   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FR SL3545                                         | CUSIP: 31427Q5F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1657388 | PA      | $1458624.29   | 0.27%             | 2053-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arm Holdings PLC                                                                       | Arm Holdings PLC SPONSORED ADS                    | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |     21216 | NS      | $3209556.48   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Electricite de France SA                                                               | EDF 6.9 05/23/53 144A                             | CUSIP: 28504DAD5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    425000 | PA      | $454646.37    | 0.08%             | 2053-05-23      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                                            | DKS 4.1 01/15/52                                  | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    755000 | PA      | $534758.46    | 0.10%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                              | GS V5.33 07/23/35                                 | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    665000 | PA      | $667252.05    | 0.12%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                                             | BATSLN 7.75 10/19/32                              | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    330000 | PA      | $378932.43    | 0.07%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN FA0685                                         | CUSIP: 3140W0XP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2049835 | PA      | $2094335.67   | 0.38%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                         | MEX 6.625 01/29/38                                | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $203400.00    | 0.04%             | 2038-01-29      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Finecobank Banca Fineco S.p.A.                                                         | Finecobank Banca Fineco S.p.A. EUR0.33            | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |    232550 | NS      | $5173941.65   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                                              | HASI 6.375 07/01/34                               | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    460000 | PA      | $463045.72    | 0.08%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Harbour Energy PLC                                                                     | HBRLN 6.327 04/01/35 144A                         | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |    475000 | PA      | $486773.48    | 0.09%             | 2035-04-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Virtus Managed Account Completion Shares (MACS) Trust                                  | Virtus Newfleet ABS MACS                          | CUSIP: 92839Q106<br>LEI: 2549002ITWIQU02JEJ86 | Long             | EC               | RF                | US        |   2027596 | NS      | $20052927.42  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Royalty Pharma PLC                                                                     | RPRX 3.35 09/02/51                                | CUSIP: 78081BAP8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    330000 | PA      | $213824.45    | 0.04%             | 2051-09-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Sumitomo Life Insurance Co.                                                            | SUMILF V5.875 09/10/55 144A                       | CUSIP: 86564CAF7<br>LEI: 549300I5OQCDADQSPI57 | Long             | DBT              | CORP              | JP        |    460000 | PA      | $450077.29    | 0.08%             | 2055-09-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 735061                                         | CUSIP: 31402QTS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59991 | PA      | $62129.21     | 0.01%             | 2034-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                        | CVS 5.05 03/25/48                                 | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    600000 | PA      | $514801.51    | 0.09%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Riken Keiki Co Ltd                                                                     | Riken Keiki Co Ltd NPV                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    130200 | NS      | $2476695.44   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                | BAH 5.95 08/04/33                                 | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    445000 | PA      | $454126.95    | 0.08%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Smurfit Kappa Treasury Unlimited Company                                               | SW 5.777 04/03/54                                 | CUSIP: 83272GAF8<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |    570000 | PA      | $550428.99    | 0.10%             | 2054-04-03      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| NICE INFORMATION SERVICE COMPANY LTD                                                   | Nice Information Service Co Ltd KRW500            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    143029 | NS      | $1507790.04   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                          | Netflix, Inc. COM                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     45919 | NS      | $4415111.85   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Angola (Republic of)                                                                   | ANGOL 8 11/26/29 144A                             | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     70000 | PA      | $68985.00     | 0.01%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Sartorius Stedim Biotech SA                                                            | Sartorius Stedim Biotech SA EUR0.20               | CUSIP: 000000000<br>LEI: 52990006IVXY7GCSSR39 | Long             | EC               | CORP              | FR        |     10523 | NS      | $2049482.78   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominican Republic                                                                     | DOMREP 4.875 09/23/32 144A                        | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    417000 | PA      | $384369.75    | 0.07%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| The Cooper Companies, Inc.                                                             | The Cooper Companies, Inc. COM                    | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     27787 | NS      | $1986770.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                                                                  | SOCGEN V6.066 01/19/35 144A                       | CUSIP: 83368RBX9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    415000 | PA      | $428545.60    | 0.08%             | 2035-01-19      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| Virtus Managed Account Completion Shares (MACS) Trust                                  | Virtus Newfleet Floating Rate MACS                | CUSIP: 92839Q304<br>LEI: 254900KZEW1HA1768U33 | Long             | EC               | RF                | US        |    993804 | NS      | $9520644.01   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd                                                        | BAMCN 5.795 04/24/35                              | CUSIP: 113004AA3<br>LEI: 549300CZ84WPNJZKY093 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $331148.60    | 0.06%             | 2035-04-24      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                                                                     | VRT 5.65 03/15/46                                 | CUSIP: 92537NAB4<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61996.49     | 0.01%             | 2046-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Capital Power (US Holdings) Inc                                                        | CPXCN 6.189 06/01/35 144A                         | CUSIP: 14041TAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    275000 | PA      | $281586.67    | 0.05%             | 2035-06-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Ooh Media Ltd.                                                                         | Ooh Media Ltd. NPV                                | CUSIP: 000000000<br>LEI: 984500D581E7E7A88078 | Long             | EC               | CORP              | AU        |   3320789 | NS      | $2181107.87   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Corebridge Financial Inc.                                                              | CRBG V6.375 09/15/54                              | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    565000 | PA      | $555300.25    | 0.10%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                                           | BRAZIL 6 10/20/33                                 | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    245000 | PA      | $245183.75    | 0.04%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                              | SOBOCN 5.584 10/01/34                             | CUSIP: 83007CAF9<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238358.41    | 0.04%             | 2034-10-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                  | FN MA5385                                         | CUSIP: 31418E6X3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2148225 | PA      | $2027981.41   | 0.37%             | 2054-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virtus Managed Account Completion Shares (MACS) Trust                                  | Virtus Newfleet High Yield MACS                   | CUSIP: 92839Q403<br>LEI: 254900FGQQEMGNJ19E23 | Long             | EC               | RF                | US        |    993202 | NS      | $9604267.44   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB                                                                          | Beijer Ref AB SER'B'NPV                           | CUSIP: 000000000<br>LEI: 549300PZZEUVH08H4G75 | Long             | EC               | CORP              | SE        |    119390 | NS      | $1655118.43   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                         | MS V5.424 07/21/34 MTN                            | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    285000 | PA      | $289177.89    | 0.05%             | 2034-07-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 1.375 08/15/50                                  | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12795000 | PA      | $6256555.14   | 1.14%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| S1 CORP (KR)                                                                           | S-1 Corporation KRW500                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     54645 | NS      | $3154507.67   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                 | CMS V4.75 06/01/50                                | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    615000 | PA      | $596444.71    | 0.11%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JAPAN ELEVATOR SERVICE HOLDINGS CO LTD                                                 | Japan Elevator Service Hldgs Co Ltd NPV           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    152800 | NS      | $1580036.77   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| BPCE SA                                                                                | BPCEGP V7.003 10/19/34 144A                       | CUSIP: 05571AAS4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    535000 | PA      | $584691.80    | 0.11%             | 2034-10-19      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FR SD8492                                         | CUSIP: 3132DWNH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2578495 | PA      | $2544875.41   | 0.46%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DP World Ltd.                                                                          | DPWDU 6.85 07/02/37 144A                          | CUSIP: 23330JAA9<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    105000 | PA      | $111548.85    | 0.02%             | 2037-07-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                     | META 5.75 11/15/65                                | CUSIP: 30303M8Y1<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    375000 | PA      | $348301.39    | 0.06%             | 2065-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kingdom Of Bahrain Acting Through Ministry Of Finance (The)                            | BHRAIN 7.1 02/03/38 144A                          | CUSIP: 056909AB0<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | CORP              | BH        |    155000 | PA      | $145317.93    | 0.03%             | 2038-02-03      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| Meritage Homes Corp                                                                    | MTH 3.875 04/15/29 144A                           | CUSIP: 59001ABD3<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |    191000 | PA      | $185879.17    | 0.03%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 909092                                         | CUSIP: 31411H7D6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3956 | PA      | $4171.16      | 0.00%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Cloudflare Inc                                                                         | Cloudflare Inc CL A COM                           | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     26652 | NS      | $5499373.68   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co.                                                                      | WFC V6.491 10/23/34                               | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    445000 | PA      | $481825.47    | 0.09%             | 2034-10-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corporation                                                                 | Fair Isaac Corporation COM                        | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      4395 | NS      | $4691838.30   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fedex Freight Holding Co. Inc.                                                         | FDX 5.25 03/15/36 144A                            | CUSIP: 314352AG0<br>LEI: 984500Y1DA5A58ICE336 | Long             | DBT              | CORP              | US        |    330000 | PA      | $319271.33    | 0.06%             | 2036-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IntegraFin Holdings plc                                                                | IntegraFin Holdings plc ORD GBP0.01               | CUSIP: 000000000<br>LEI: 213800CYIZKXK9PQYE87 | Long             | EC               | CORP              | GB        |    376298 | NS      | $1540498.53   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                              | NIPLIF V6.5 04/30/55 144a                         | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |     75000 | PA      | $77330.70     | 0.01%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                    | FITB V4.337 04/25/33                              | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    355000 | PA      | $342104.71    | 0.06%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                         | C V6.174 05/25/34                                 | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    379000 | PA      | $392309.88    | 0.07%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Nippon Life Insurance Co.                                                              | NIPLIF V6.25 09/13/53 144A                        | CUSIP: 654579AM3<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $204068.86    | 0.04%             | 2053-09-13      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN FA1378                                         | CUSIP: 3140W1Q89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2551963 | PA      | $2417132.07   | 0.44%             | 2055-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                    | CPGX 6.036 11/15/33 144A                          | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $242343.01    | 0.04%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FR SD8418                                         | CUSIP: 3132DWK77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2220590 | PA      | $2144078.50   | 0.39%             | 2054-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                           | ORCL 6.9 11/09/52                                 | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    215000 | PA      | $202987.65    | 0.04%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Zurn Elkay Water Solutions Corporation                                                 | Zurn Elkay Water Solutions Corporation COM        | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     63231 | NS      | $2835278.04   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkey (Republic of)                                                                   | TURKEY 7.625 05/15/34 10Y                         | CUSIP: 900123DK3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    340000 | PA      | $344760.00    | 0.06%             | 2034-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Omnis Funding Trust                                                                    | RGA 6.722 05/15/55                                | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $389205.47    | 0.07%             | 2055-05-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                             | SOAF 4.85 09/30/29 10Y                            | CUSIP: 836205BA1<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    121000 | PA      | $118519.50    | 0.02%             | 2029-09-30      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| IDEXX Laboratories Inc.                                                                | IDEXX Laboratories Inc. COM                       | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      5973 | NS      | $3356168.97   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mars Inc.                                                                              | MARS 5.2 03/01/35 144A                            | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    265000 | PA      | $267523.00    | 0.05%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FG A46224                                         | CUSIP: 3128K64H0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24346 | PA      | $24589.44     | 0.00%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton Lane Inc                                                                      | Hamilton Lane Inc CL A                            | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |     14958 | NS      | $1486825.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc.                                                                      | UL Solutions Inc. CLASS A COM SHS                 | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     30852 | NS      | $2644324.92   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 929625                                         | CUSIP: 31412MYW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47411 | PA      | $48758.19     | 0.01%             | 2038-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Entergy Corporation                                                                    | ETR V7.125 12/01/54                               | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    590000 | PA      | $604560.02    | 0.11%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                       | FN FA2472                                         | CUSIP: 3140W2XA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1227122 | PA      | $1214778.67   | 0.22%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PT Pertamina (Persero)                                                                 | PERTIJ 6.45 05/30/44 144A                         | CUSIP: 69370PAA9<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    370000 | PA      | $373700.00    | 0.07%             | 2044-05-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Chemed Corporation                                                                     | Chemed Corporation COM                            | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      1127 | NS      | $425712.98    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenya (Republic of)                                                                    | KENINT 9.75 02/16/31 144A                         | CUSIP: 491798AM6<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     55000 | PA      | $56427.25     | 0.01%             | 2031-02-16      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                 | UAL 5.45 02/15/37 AA                              | CUSIP: 90932WAA1<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |     23494 | PA      | $23938.81     | 0.00%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                           | PEMEX 7.69 01/23/50                               | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     12000 | PA      | $10398.00     | 0.00%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP/DRAWBRIDGE SPECIAL OPPORTUNITIES FINANCE CORP | DRAWBR 5.95 09/17/30 144A                         | CUSIP: 26150TAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $328651.54    | 0.06%             | 2030-09-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Nigeria (Federal Republic of)                                                          | NGERIA 10.375 12/09/34 144A                       | CUSIP: 65412AFD9<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    163000 | PA      | $186472.00    | 0.03%             | 2034-12-09      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| Global Payments Inc                                                                    | GPN 5.55 11/15/35                                 | CUSIP: 37940XAY8<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    460000 | PA      | $443273.80    | 0.08%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                                                     | SNLN 5.4 03/20/34                                 | CUSIP: 83192PAD0<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $456435.90    | 0.08%             | 2034-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Philippines (Republic Of)                                                              | PHILIP 4.75 03/05/35                              | CUSIP: 718286DC8<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    183000 | PA      | $175680.00    | 0.03%             | 2035-03-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Choice Hotels International, Inc.                                                      | Choice Hotels International, Inc. COM             | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     14276 | NS      | $1477566.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hungary (Republic Of)                                                                  | REPHUN 5.5 03/26/36 144A                          | CUSIP: 445545AU0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |     98000 | PA      | $95305.00     | 0.02%             | 2036-03-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AUGUSTA SPINCO CORP                                                                    | WAT 5.245 03/23/36                                | CUSIP: 051473AF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100023.98    | 0.02%             | 2036-03-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AJ Bell PLC                                                                            | AJ Bell PLC ORD GBP0.000125                       | CUSIP: 000000000<br>LEI: 213800VNKA7DPWXWJJ36 | Long             | EC               | CORP              | GB        |    755994 | NS      | $4731877.50   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Forterra PLC                                                                           | Forterra PLC ORD GBP0.01                          | CUSIP: 000000000<br>LEI: 213800O5DD6ATBVJAD23 | Long             | EC               | CORP              | GB        |    741471 | NS      | $1540237.24   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                           | PEMEX 6.35 02/12/48                               | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    136000 | PA      | $103938.00    | 0.02%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Shopify Inc                                                                            | Shopify Inc CL A SUB VTG SHS                      | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |     46193 | NS      | $5479413.66   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sodexo Inc                                                                             | SWFP 5.8 08/15/35 144A                            | CUSIP: 833794AD2<br>LEI: 549300WSZGQGJQXRFU84 | Long             | DBT              | CORP              | US        |    465000 | PA      | $474999.36    | 0.09%             | 2035-08-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                               | ICLR 6 05/08/34                                   | CUSIP: 45115AAC8<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $405199.92    | 0.07%             | 2034-05-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                                                         | PHM 4.9 03/01/36                                  | CUSIP: 745867AZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $318803.24    | 0.06%             | 2036-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                           | PEMEX 6.95 01/28/60                               | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     11000 | PA      | $8647.10      | 0.00%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Gartner Inc.                                                                           | IT 3.75 10/01/30 144A                             | CUSIP: 366651AE7<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    595000 | PA      | $541026.44    | 0.10%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Comfort Systems USA Inc.                                                               | Comfort Systems USA Inc. COM                      | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      3119 | NS      | $4301069.81   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| South Africa (Republic of)                                                             | SOAF 5.875 06/22/30 12Y                           | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    135000 | PA      | $136282.50    | 0.02%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Baxter International, Inc.                                                             | BAX 3.132 12/01/51                                | CUSIP: 071813CV9<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    735000 | PA      | $420760.07    | 0.08%             | 2051-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Danaher Corporation                                                                    | Danaher Corporation COM                           | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     13577 | NS      | $2574199.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hungary (Republic Of)                                                                  | REPHUN 6.25 09/22/32 144A                         | CUSIP: 445545AS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    150000 | PA      | $156061.50    | 0.03%             | 2032-09-22      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FR SD8383                                         | CUSIP: 3132DWJ46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1017021 | PA      | $1023598.68   | 0.19%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                   | POLAND 4.875 10/04/33 10Y                         | CUSIP: 731011AV4<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    275000 | PA      | $274403.25    | 0.05%             | 2033-10-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                       | AMCR 5.65 01/15/34                                | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    440000 | PA      | $449998.95    | 0.08%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                  | FN MA5072                                         | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    770761 | PA      | $776808.08    | 0.14%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pool Corporation                                                                       | Pool Corporation COM                              | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      7191 | NS      | $1454955.03   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                                                                | BKH 6.15 05/15/34                                 | CUSIP: 092113AW9<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    410000 | PA      | $431050.05    | 0.08%             | 2034-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                                                               | Visa Inc COM CL A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     34616 | NS      | $10462339.84  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHUI GUJING DISTILLERY CO LTD                                                         | Anhui Gujing Distillery Co Ltd. 'B'CNY1           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     50000 | NS      | $447660.41    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Morocco (Kingdom of)                                                                   | MOROC 3 12/15/32 144A                             | CUSIP: 617726AL8<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    110000 | PA      | $94325.00     | 0.02%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                | KEY V6.401 03/06/35                               | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    600000 | PA      | $636145.12    | 0.12%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Bahrain (Kingdom of)                                                                   | BHRAIN 7.375 05/14/30 144A                        | CUSIP: 05675M2C7<br>LEI: 549300RODM1WN85LFQ95 | Long             | DBT              | NUSS              | BH        |    106000 | PA      | $106199.28    | 0.02%             | 2030-05-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                         | MS V5.25 04/21/34 MTN                             | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    165000 | PA      | $165515.22    | 0.03%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FR SD8309                                         | CUSIP: 3132DWGS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2590344 | PA      | $2654255.44   | 0.48%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                                                                      | OMC 5.375 06/15/33                                | CUSIP: 681919BS4<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224997.03    | 0.04%             | 2033-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 3 08/15/48                                      | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4330000 | PA      | $3177814.06   | 0.58%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                         | C V6.27 11/17/33                                  | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    690000 | PA      | $737464.10    | 0.13%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| The Brooklyn Union Gas Company                                                         | NGGLN 4.866 08/05/32 144A                         | CUSIP: 114259AW4<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    595000 | PA      | $581721.99    | 0.11%             | 2032-08-05      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Alten SA                                                                               | Alten SA NPV                                      | CUSIP: 000000000<br>LEI: 969500Y7G9TY7Y24GN07 | Long             | EC               | CORP              | FR        |     14642 | NS      | $907808.68    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                      | NWG V6.475 06/01/34                               | CUSIP: 639057AP3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    390000 | PA      | $404752.82    | 0.07%             | 2034-06-01      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Puget Energy Inc                                                                       | PSD 4.224 03/15/32                                | CUSIP: 745310AN2<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    640000 | PA      | $610490.41    | 0.11%             | 2032-03-15      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                                 | ROP 5.1 09/15/35                                  | CUSIP: 776696AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    465000 | PA      | $452155.76    | 0.08%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                                          | ATDBCN 5.077 09/29/35 144A                        | CUSIP: 01626PAX4<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    465000 | PA      | $460201.89    | 0.08%             | 2035-09-29      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                         | SCHW V4 PERP H                                    | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    260000 | PA      | $240509.67    | 0.04%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Costa Rica (Republic Of)                                                               | COSTAR 7.3 11/13/54 144A                          | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     40000 | PA      | $43400.00     | 0.01%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA                                                   | Infrastrutture Wireless Italiane SpA NPV          | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |    237527 | NS      | $1895536.83   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                 | MRVL 5.45 07/15/35                                | CUSIP: 573874AS3<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |    465000 | PA      | $472491.08    | 0.09%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Allegion PLC                                                                           | Allegion PLC COM USD0.01                          | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     17806 | NS      | $2587033.74   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                           | SRILAN 3.6 02/15/38 144A                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |     92000 | PA      | $82225.00     | 0.02%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                                                                 | UAL 5.8 01/15/36                                  | CUSIP: 90932LAJ6<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |    252244 | PA      | $259629.51    | 0.05%             | 2036-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                     | STT V6.123 11/21/34                               | CUSIP: 857477CG6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    110000 | PA      | $116235.10    | 0.02%             | 2034-11-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                                          | Alphabet Inc. CAP STK CL A                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     33778 | NS      | $9713201.68   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                              | GS V5.065 01/21/37                                | CUSIP: 38145GAS9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11732.07     | 0.00%             | 2037-01-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Thor Industries Inc.                                                                   | Thor Industries Inc. COM                          | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     20554 | NS      | $1642059.06   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                                                              | RRX 6.4 04/15/33                                  | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    334000 | PA      | $353034.54    | 0.06%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 880117                                         | CUSIP: 31409VYN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1849 | PA      | $1894.58      | 0.00%             | 2036-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Medline Inc.                                                                           | Medline Inc. COM CL A                             | CUSIP: 58507V107<br>LEI: 984500FAN6J1P8566D43 | Long             | EC               | CORP              | US        |     69896 | NS      | $3110372.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                                                                   | Amphenol Corporation CL A                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    100735 | NS      | $12727867.25  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Operating LP                                                         | WES 5.25 02/01/50                                 | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    345000 | PA      | $290979.45    | 0.05%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                         | MS V6.342 10/18/33                                | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    120000 | PA      | $128396.86    | 0.02%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                           | PEMEX 5.95 01/28/31                               | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    179000 | PA      | $171204.55    | 0.03%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Snowflake Inc                                                                          | Snowflake Inc COM SHS                             | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |     35124 | NS      | $5297401.68   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                              | KSA 4.5 10/26/46 144A                             | CUSIP: 80413TAC3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    110000 | PA      | $89127.50     | 0.02%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Rollins Inc                                                                            | Rollins Inc COM                                   | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     45569 | NS      | $2433840.29   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                                       | Amazon.com, Inc. COM                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     49682 | NS      | $10347270.14  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated                                                     | HBAN V6.141 11/18/39                              | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    235000 | PA      | $239349.38    | 0.04%             | 2039-11-18      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                  | FN MA4785                                         | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1267553 | PA      | $1256848.35   | 0.23%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegro.eu SA                                                                          | Allegro.eu SA PLN0.01                             | CUSIP: 000000000<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | LU        |    275225 | NS      | $1975556.11   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                              | KSA 4.875 07/18/33 144A                           | CUSIP: 80413TBD0<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    160000 | PA      | $157980.80    | 0.03%             | 2033-07-18      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                       | NRG 7 03/15/33 144A                               | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    433000 | PA      | $468761.47    | 0.09%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN FS8791                                         | CUSIP: 3140XQXV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    546490 | PA      | $557346.04    | 0.10%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                           | T 4.25 11/15/34                                   | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    495000 | PA      | $494864.65    | 0.09%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Intuitive Surgical Inc.                                                                | Intuitive Surgical Inc. COM NEW                   | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      7300 | NS      | $3365227.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                                                                | SON 5 09/01/34                                    | CUSIP: 835495AS1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    360000 | PA      | $352140.21    | 0.06%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                   | GLENLN 2.85 04/27/31 144A                         | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    505000 | PA      | $459638.20    | 0.08%             | 2031-04-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Epiroc AB                                                                              | Epiroc AB SER'B'NPV                               | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |    240268 | NS      | $5146916.83   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                 | COLOM 8.75 11/14/53                               | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     57000 | PA      | $61089.75     | 0.01%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                         | SCHW V6.136 08/24/34                              | CUSIP: 808513CH6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    195000 | PA      | $207555.51    | 0.04%             | 2034-08-24      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| Reliance Industries Ltd.                                                               | RILIN 2.875 01/12/32 144A                         | CUSIP: 759470BB2<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    310000 | PA      | $279000.00    | 0.05%             | 2032-01-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                                     | F 3.25 02/12/32                                   | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    286000 | PA      | $248405.62    | 0.05%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                                                    | CPGX 5.439 02/15/35 144A                          | CUSIP: 19828TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $228182.75    | 0.04%             | 2035-02-15      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN FS7751                                         | CUSIP: 3140XPTH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2064166 | PA      | $1951949.19   | 0.36%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                   | JPM V2.956 05/13/31                               | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    230000 | PA      | $214307.93    | 0.04%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                                       | DTMINC 4.375 06/15/31 144A                        | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    360000 | PA      | $347015.51    | 0.06%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Mortgage Advice Bureau (Hldgs) Ltd                                                     | Mortgage Advice Bureau (Hldgs) Ltd ORD GBP0.001   | CUSIP: 000000000<br>LEI: 2138008AY1RA61T6W960 | Long             | EC               | CORP              | GB        |    200106 | NS      | $1480615.97   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Flex Intermediate Holdco LLC                                                           | FLEXIH 3.363 06/30/31 144A                        | CUSIP: 33939HAA7<br>LEI: 549300290TQIGM30A243 | Long             | DBT              | CORP              | US        |    785000 | PA      | $714768.51    | 0.13%             | 2031-06-30      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Incorporated                                                     | HBAN V5.709 02/02/35                              | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    340000 | PA      | $346941.11    | 0.06%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                             | ACGCAP 4.875 01/28/33 144A                        | CUSIP: 05369AAU5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91675.80     | 0.02%             | 2033-01-28      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| JH North America Holdings Inc.                                                         | JHXAU 6.125 07/31/32 144A                         | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    475000 | PA      | $473107.03    | 0.09%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                                             | BA 5.93 05/01/60                                  | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    525000 | PA      | $503941.25    | 0.09%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                        | UHS 2.65 01/15/32                                 | CUSIP: 913903BA7<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    510000 | PA      | $444303.46    | 0.08%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                          | VLTO 5.45 09/18/33                                | CUSIP: 92338CAF0<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    310000 | PA      | $316566.03    | 0.06%             | 2033-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Qualitas Controladora Sab De CV                                                        | Qualitas Controladora Sab De CV COM NPV CLASS 'I' | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    140753 | NS      | $1350594.26   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AS ONE CORP                                                                            | AS One Corporation NPV                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    256300 | NS      | $3608495.06   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC                                                               | Howden Joinery Group PLC ORD GBP0.10              | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |    327002 | NS      | $3463532.62   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| M&T Bank Corporation                                                                   | MTB V5.4 07/30/35                                 | CUSIP: 55261FAZ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373793.82    | 0.07%             | 2035-07-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                             | OXY 6.2 03/15/40                                  | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    340000 | PA      | $347253.56    | 0.06%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Zebra Technologies Corporation                                                         | Zebra Technologies Corporation CL A               | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      6426 | NS      | $1343548.08   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FR SD8350                                         | CUSIP: 3132DWH30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    731834 | PA      | $749348.79    | 0.14%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virtus ETF Trust II                                                                    | Virtus Newfleet Securitized Income ETF            | CUSIP: 92790A603<br>LEI: 549300OXQOLOW6OELM19 | Long             | EC               | RF                | US        |     95902 | NS      | $2319006.26   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp.                                                                      | DINO 6.25 01/15/35                                | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    380000 | PA      | $392360.09    | 0.07%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                                 | FANG 5.9 04/18/64                                 | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    385000 | PA      | $364301.86    | 0.07%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)    | AER V6.95 03/10/55                                | CUSIP: 00774MBK0<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    229000 | PA      | $234376.24    | 0.04%             | 2055-03-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                             | AMGN 5.65 03/02/53                                | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    432000 | PA      | $418410.21    | 0.08%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Iqvia Inc                                                                              | IQV 6.25 02/01/29                                 | CUSIP: 46266TAF5<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    210000 | PA      | $218260.56    | 0.04%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                                                           | NVIDIA Corp. COM                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     87946 | NS      | $15337782.40  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                                                            | Trimble Inc COM                                   | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |     22423 | NS      | $1462652.29   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                                                                           | Equifax Inc. COM                                  | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      9076 | NS      | $1634315.32   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Infrastructure Partners LP                                                      | SMPINF 3.25 01/15/32 144A                         | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |    729000 | PA      | $644178.95    | 0.12%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc                                | BHI 5.85 06/15/56                                 | CUSIP: 05724BAQ2<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |    330000 | PA      | $322918.94    | 0.06%             | 2056-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management Inc                                                           | APO V6 12/15/54                                   | CUSIP: 03769MAD8<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |    475000 | PA      | $445359.81    | 0.08%             | 2054-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kazakhstan (Republic Of)                                                               | KAZAKS 5.5 07/01/37 144A                          | CUSIP: 486661BP5<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |    176000 | PA      | $176308.00    | 0.03%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN FS4438                                         | CUSIP: 3140XK4Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1473205 | PA      | $1460083.44   | 0.27%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL DISPLAY CORP                                                                 | Universal Display Corp. COM                       | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16943 | NS      | $1552995.38   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                                                    | D V6.2 02/15/56                                   | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267625.16    | 0.05%             | 2056-02-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Bentley Systems Incorporated                                                           | Bentley Systems Incorporated COM CL B             | CUSIP: 08265T208<br>LEI: 549300WVEHPGE0Z56F71 | Long             | EC               | CORP              | US        |     39343 | NS      | $1381726.16   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                                                               | Saia Inc COM                                      | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      5478 | NS      | $1924311.84   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.                                                           | Henry Jack & Associates Inc. COM                  | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     11757 | NS      | $1858076.28   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                                                          | USB V5.424 02/12/36                               | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    475000 | PA      | $485378.62    | 0.09%             | 2036-02-12      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Siteone Landscape Supply Inc                                                           | Siteone Landscape Supply Inc COM                  | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     10347 | NS      | $1377289.17   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                                                         | TCBI V5.301 02/27/32                              | CUSIP: 88224QAC1<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177471.91    | 0.03%             | 2032-02-27      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Nordson Corp                                                                           | Nordson Corp COM                                  | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      9481 | NS      | $2522514.86   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK AG NEW YORK BRANCH                                                       | DB V5.403 09/11/35                                | CUSIP: 251526CY3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $472580.83    | 0.09%             | 2035-09-11      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Ascot Group Limited                                                                    | ASCOTG 4.25 12/15/30 144A                         | CUSIP: 04365XAA6<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |    745000 | PA      | $692950.73    | 0.13%             | 2030-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                     | RPRX 5.4 09/02/34                                 | CUSIP: 78081BAR4<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    325000 | PA      | $327680.11    | 0.06%             | 2034-09-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Datadog Inc                                                                            | Datadog Inc CL A COM                              | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |     26771 | NS      | $3160316.55   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                         | MS V5.948 01/19/38                                | CUSIP: 61747YFB6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    249000 | PA      | $255078.43    | 0.05%             | 2038-01-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Virtus Managed Account Completion Shares (MACS) Trust                                  | Virtus Newfleet CMBS MACS                         | CUSIP: 92839Q205<br>LEI: 254900GVMTWAZZTHYO11 | Long             | EC               | RF                | US        |   1098810 | NS      | $10944143.33  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona Inc                                                                    | XRAY 3.25 06/01/30                                | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    610000 | PA      | $561811.07    | 0.10%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                           | ORCL 5.55 02/06/53                                | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    122000 | PA      | $97339.03     | 0.02%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 3.625 02/15/53                                  | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    425000 | PA      | $341095.70    | 0.06%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                       | PM 5.375 02/15/33                                 | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    450000 | PA      | $462484.13    | 0.08%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Flex Ltd.                                                                              | FLEX 5.375 11/13/35                               | CUSIP: 33938XAG0<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |    460000 | PA      | $449967.40    | 0.08%             | 2035-11-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                  | FN MA4980                                         | CUSIP: 31418ERA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1233753 | PA      | $1263100.61   | 0.23%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                                                    | CEG 5.875 01/15/66                                | CUSIP: 210385AR1<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    335000 | PA      | $321618.19    | 0.06%             | 2066-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hermes International                                                                   | Hermes International ADR                          | CUSIP: 42751Q105<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |     14815 | NS      | $2810553.65   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                                           | T 2.25 02/15/52                                   | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     35000 | PA      | $21092.97     | 0.00%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                                                 | BPLN V4.875 PERP                                  | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    375000 | PA      | $370205.25    | 0.07%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LPL Financial Holdings Inc.                                                            | LPL Financial Holdings Inc. COM                   | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |      6959 | NS      | $2093475.97   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHT HORIZONS FAMILY SOLUTIONS LLC                                                   | Bright Horizons Family Solutions Inc Del COM      | CUSIP: 109194100<br>LEI: 254900BHOU40CFNXWQ75 | Long             | EC               | CORP              | US        |     21974 | NS      | $1804724.62   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN CB6857                                         | CUSIP: 3140QSTP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    882917 | PA      | $854999.26    | 0.16%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                                                 | COLOM 7.375 04/25/30                              | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     64000 | PA      | $66432.00     | 0.01%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                   | JPM V1.953 02/04/32                               | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    635000 | PA      | $559115.80    | 0.10%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                              | ELSALV 7.65 06/15/35 REGS                         | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     72000 | PA      | $70488.00     | 0.01%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital Inc.                                                                   | AHTLN 5.95 10/15/33 144A                          | CUSIP: 045054AR4<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    375000 | PA      | $385902.01    | 0.07%             | 2033-10-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Serbia (Republic Of)                                                                   | SERBIA 6.5 09/26/33 144A                          | CUSIP: 817477AH5<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |     76000 | PA      | $79207.96     | 0.01%             | 2033-09-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KARMAN HOLDINGS INC                                                                    | Karman Holdings Inc. COMMON STOCK                 | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43534 | NS      | $3484896.70   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                        | FR SD5856                                         | CUSIP: 3132DTQH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2809215 | PA      | $2577739.93   | 0.47%             | 2054-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 2.875 05/15/52                                  | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2335000 | PA      | $1619358.97   | 0.30%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                           | AVOL 5.75 11/15/29 144A                           | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    470000 | PA      | $480814.70    | 0.09%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                                                       | KMI 7.5 11/15/40                                  | CUSIP: 28370TAD1<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    220000 | PA      | $255014.04    | 0.05%             | 2040-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                                    | ABT 5.5 03/15/56                                  | CUSIP: 002824BW9<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    126000 | PA      | $123546.42    | 0.02%             | 2056-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                               | HCA 5.45 09/15/34                                 | CUSIP: 404121AK1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237199.41    | 0.04%             | 2034-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Stellantis Finance Us Inc                                                              | STLA 6.45 03/18/35 144A                           | CUSIP: 85855CAL4<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    340000 | PA      | $334921.61    | 0.06%             | 2035-03-18      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 4.625 05/15/54                                  | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3870000 | PA      | $3689954.29   | 0.67%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc.                                                            | MIZUHO 2.564 09/13/31                             | CUSIP: 60687YBU2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    385000 | PA      | $339124.02    | 0.06%             | 2031-09-13      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 909175                                         | CUSIP: 31411JCL8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40662 | PA      | $41861.83     | 0.01%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DAYAMITRA TELEKOMUNIKASI TBK PT                                                        | PT Dayamitra Telekomunikasi Tbk IDR228            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  43699228 | NS      | $1401537.41   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                               | HCA 5.25 06/15/49                                 | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    415000 | PA      | $366215.87    | 0.07%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Steadfast Group Ltd.                                                                   | Steadfast Group Ltd. NPV                          | CUSIP: 000000000<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |    701652 | NS      | $2065656.29   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| CORPORACION MOCTEZUMA SAB DE CV                                                        | Corp Moctezuma Sab COM NPV                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    943523 | NS      | $4241984.23   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                                           | T 4.5 11/15/54                                    | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1885000 | PA      | $1761002.34   | 0.32%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                      | PNC V5.423 01/25/41                               | CUSIP: 693475CF0<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122456.07    | 0.02%             | 2041-01-25      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                           | T 3.5 02/15/29                                    | CUSIP: 91282CQA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    440000 | PA      | $436184.37    | 0.08%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                         | MEX 6 05/07/36                                    | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    245000 | PA      | $243407.50    | 0.04%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                  | Uber Technologies Inc COM                         | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     46596 | NS      | $3351650.28   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Colombia (Republic Of)                                                                 | COLOM 8 11/14/35                                  | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    142000 | PA      | $148681.10    | 0.03%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HEINEKEN MALAYSIA BHD                                                                  | Heiniken Malaysia Berhad MYR0.50                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    441600 | NS      | $2490676.68   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Blue Owl Finance Llc                                                                   | OWL 3.125 06/10/31                                | CUSIP: 09581JAR7<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |    610000 | PA      | $525991.29    | 0.10%             | 2031-06-10      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                  | BAC V5.518 10/25/35                               | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    540000 | PA      | $539987.62    | 0.10%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Oman (Sultanate Of)                                                                    | OMAN 6.25 01/25/31 144A                           | CUSIP: 68205LAS2<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |    224000 | PA      | $233576.00    | 0.04%             | 2031-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                               | AXP V5.625 07/28/34                               | CUSIP: 025816DK2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    670000 | PA      | $684707.46    | 0.13%             | 2034-07-28      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Uzbekistan (The Republic of)                                                           | UZBEK 6.9 02/28/32 144A                           | CUSIP: 91824PAA5<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     45000 | PA      | $46718.10     | 0.01%             | 2032-02-28      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                   | POLAND 5.125 09/18/34 10Y                         | CUSIP: 731011AY8<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |     67000 | PA      | $67134.00     | 0.01%             | 2034-09-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                                                                    | ALLY 8 11/01/31 *                                 | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    385000 | PA      | $426898.36    | 0.08%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.                                                    | Ollies Bargain Outlet Holdings Inc. COM           | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     14849 | NS      | $1366701.96   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                                                    | D V7 06/01/54 B                                   | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    280000 | PA      | $296153.20    | 0.05%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MSCI Inc.                                                                              | MSCI 3.625 09/01/30 144A                          | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    792000 | PA      | $748596.84    | 0.14%             | 2030-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                             | SOAF 5.65 09/27/47 30Y                            | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     35000 | PA      | $27212.50     | 0.00%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                                                          | ENBCN V8.5 01/15/84                               | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    510000 | PA      | $573789.27    | 0.10%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                           | BACR V7.437 11/02/33                              | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    355000 | PA      | $396879.55    | 0.07%             | 2033-11-02      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |
| Costar Group Inc                                                                       | CSGP 2.8 07/15/30 144A                            | CUSIP: 22160NAA7<br>LEI: 984500Q1D53D08E2E698 | Long             | DBT              | CORP              | US        |    505000 | PA      | $456666.01    | 0.08%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                                              | APODS 5.875 08/30/30                              | CUSIP: 03770DAK9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196853.52    | 0.04%             | 2030-08-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                                                  | FN MA4805                                         | CUSIP: 31418EKT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    876993 | PA      | $849851.00    | 0.16%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VAT Group AG                                                                           | VAT Group AG CHF0.10 (REGD)                       | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |      2287 | NS      | $1426726.12   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                  | ROMANI 5.875 01/30/29 144A                        | CUSIP: 77586RAT7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |    194000 | PA      | $195004.92    | 0.04%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Viatris Inc                                                                            | VTRS 2.3 06/22/27 144A                            | CUSIP: 91533BAC4<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |       524 | PA      | $508.10       | 0.00%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Align Technology Inc.                                                                  | Align Technology Inc. COM                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      6915 | NS      | $1185438.45   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                                                                       | Mercadolibre Inc COM                              | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1730 | NS      | $2991204.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc.                                                                     | EOG 5.35 01/15/36                                 | CUSIP: 26875PAZ4<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101482.43    | 0.02%             | 2036-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Flowserve Corporation                                                                  | FLS 3.5 10/01/30                                  | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |    480000 | PA      | $451530.62    | 0.08%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 254549                                         | CUSIP: 31371KWJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6424 | PA      | $6606.22      | 0.00%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                  | BAC V2.687 04/22/32                               | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    245000 | PA      | $222023.54    | 0.04%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Ibstock Public Limited Company                                                         | Ibstock Public Limited Company ORD GBP0.01        | CUSIP: 000000000<br>LEI: 2138003QHTNX34CN9V93 | Long             | EC               | CORP              | GB        |    933429 | NS      | $1258577.87   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                           | UBS V7 PERP 144                                   | CUSIP: 902613BW7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    335000 | PA      | $323851.37    | 0.06%             | N/A             | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 909220                                         | CUSIP: 31411JDZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26278 | PA      | $27709.87     | 0.01%             | 2038-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Servicenow Inc                                                                         | Servicenow Inc COM                                | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     29651 | NS      | $3100012.05   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC                                                                       | Spirax Group PLC ORD GBP0.269230769               | CUSIP: 000000000<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |     39304 | NS      | $3526114.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Watsco Inc                                                                             | Watsco Inc COM                                    | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      5120 | NS      | $1862604.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Atlantic Finance Co.                                                            | GBLATL 7.95 06/15/33 144A                         | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    197000 | PA      | $211271.43    | 0.04%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines Pass Through Trust 2020-1A                                             | ALK 4.8 08/15/27 144A                             | CUSIP: 01166VAA7<br>LEI: PG4W4UTDTMMEBRGLO537 | Long             | ABS-O            | CORP              | US        |    537577 | PA      | $537648.63    | 0.10%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Monolithic Power Systems Inc.                                                          | Monolithic Power Systems Inc. COM                 | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |      4042 | NS      | $4419320.70   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Peru (Republic Of)                                                                     | PERU 5.375 02/08/35                               | CUSIP: 715638EB4<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    240000 | PA      | $239400.00    | 0.04%             | 2035-02-08      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                             | PRU V5.125 03/01/52                               | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    179000 | PA      | $171280.64    | 0.03%             | 2052-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| British Airways PLC                                                                    | IAGLN 2.9 03/15/35 144A                           | CUSIP: 11042CAA8<br>LEI: 375X9PSJLLOV7F21O626 | Long             | ABS-O            | CORP              | GB        |    477094 | PA      | $437574.01    | 0.08%             | 2035-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                             | ACGCAP 6.375 07/15/30 144A                        | CUSIP: 05366DAA6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    210000 | PA      | $221033.64    | 0.04%             | 2030-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                           | UBS V4.988 08/05/33 144A                          | CUSIP: 902613AT5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    270000 | PA      | $268700.06    | 0.05%             | 2033-08-05      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| HAW Par Corp Ltd                                                                       | HAW Par Corp Ltd NPV(SINGAPORE REG)               | CUSIP: 000000000<br>LEI: 254900579AKHEY30PA63 | Long             | EC               | CORP              | SG        |    494700 | NS      | $6543131.45   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN FS6679                                         | CUSIP: 3140XNM50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1332423 | PA      | $1364526.42   | 0.25%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Uruguay (Republic Of)                                                                  | URUGUA 5.1 06/18/50                               | CUSIP: 760942BA9<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |    302000 | PA      | $277133.32    | 0.05%             | 2050-06-18      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BJ Wholesale Club Holdings Inc                                                         | BJ Wholesale Club Holdings Inc COM                | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     18272 | NS      | $1798330.24   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 972569                                         | CUSIP: 31414P6E4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32422 | PA      | $32618.10     | 0.01%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 4.125 08/15/53                                  | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    940000 | PA      | $824335.93    | 0.15%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LSEG US Finance Corp                                                                   | LSELN 5.25 03/23/36 144A                          | CUSIP: 50222CAF7<br>LEI: 2138007FV67QQ13CGJ43 | Long             | DBT              | CORP              | US        |    230000 | PA      | $227741.34    | 0.04%             | 2036-03-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                  | ROMANI 7.125 01/17/33 144A                        | CUSIP: 77586RAR1<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     85000 | PA      | $88984.80     | 0.02%             | 2033-01-17      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Kenya (Republic of)                                                                    | KENINT 7.875 10/09/33 144A                        | CUSIP: 491798AP9<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     90000 | PA      | $83587.50     | 0.02%             | 2033-10-09      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                                                        | FR SD5594                                         | CUSIP: 3132DTGB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    941483 | PA      | $948868.83    | 0.17%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                                                                        | Knorr-Bremse AG NPV                               | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |     23479 | NS      | $2682517.66   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                               | FLTR 5.875 06/04/31 144A                          | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    460000 | PA      | $455717.40    | 0.08%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                            | COF V2.359 07/29/32                               | CUSIP: 14040HCG8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    388000 | PA      | $334490.79    | 0.06%             | 2032-07-29      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                                            | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -11 | NC      | $-8636.54     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Debt Solutions BDC                                                              | APODS 6.9 04/13/29                                | CUSIP: 03770DAB9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168826.61    | 0.03%             | 2029-04-13      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Bayport Polymers LLC                                                                   | BRLS 5.14 04/14/32 144A                           | CUSIP: 073096AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    580000 | PA      | $574019.32    | 0.10%             | 2032-04-14      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                  | BAC V2.972 02/04/33 MTN                           | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    408000 | PA      | $369326.94    | 0.07%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                                              | TD V8.125 10/31/82                                | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    440000 | PA      | $453933.04    | 0.08%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Reddit Inc                                                                             | Reddit Inc CL A                                   | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |     24765 | NS      | $3334607.25   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprint Capital Corporation                                                             | S 8.75 03/15/32                                   | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    340000 | PA      | $404283.83    | 0.07%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                                     | Meta Platforms Inc CL A                           | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     11792 | NS      | $6746556.96   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITEC GROUP HOLDINGS INC                                                              | Meitec Group Holdings Inc. NPV                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64800 | NS      | $1341627.01   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                                | INDON 5.1 02/10/54                                | CUSIP: 455780DV5<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    252000 | PA      | $228690.00    | 0.04%             | 2054-02-10      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                            | COF V6.377 06/08/34                               | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    105000 | PA      | $110655.52    | 0.02%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                            | IMBLN 5.875 07/01/34 144A                         | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $354843.26    | 0.06%             | 2034-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                                    | MEDIND 3.875 04/01/29 144A                        | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    330000 | PA      | $319229.39    | 0.06%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Exponent Inc                                                                           | Exponent Inc COM                                  | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     15594 | NS      | $1017508.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                                                              | APA 6.75 02/15/55                                 | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |    325000 | PA      | $325667.31    | 0.06%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 2 02/15/50                                      | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2045000 | PA      | $1190573.44   | 0.22%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                           | T 3.875 12/31/32                                  | CUSIP: 91282CPQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1335000 | PA      | $1315652.93   | 0.24%             | 2032-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Virtus Managed Account Completion Shares (MACS) Trust                                  | Virtus Newfleet RMBS MACS                         | CUSIP: 92839Q502<br>LEI: 254900G2LHZGHTBHPK18 | Long             | EC               | RF                | US        |   2195203 | NS      | $22193497.31  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                 | FABSJV 5.875 01/25/34                             | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237936.99    | 0.04%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                                                        | Eli Lilly & Co. COM                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      5589 | NS      | $5140594.53   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                  | FN 938574                                         | CUSIP: 31412YFP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32500 | PA      | $33264.69     | 0.01%             | 2036-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                     | STT V6.7 PERP I                                   | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243864.48    | 0.04%             | N/A             | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                           | ORCL 3.85 04/01/60                                | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    140000 | PA      | $82386.37     | 0.02%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Monotaro CoLtd                                                                         | Monotaro CoLtd NPV                                | CUSIP: 000000000<br>LEI: 5299005JUER5ANXWTC33 | Long             | EC               | CORP              | JP        |    229700 | NS      | $2489837.72   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Teledyne Technologies Inc                                                              | Teledyne Technologies Inc COM                     | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      4736 | NS      | $2865327.36   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixa Seguridade Participacoes SA                                                      | Caixa Seguridade Participacoes SA COM NPV         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   2074636 | NS      | $7297483.12   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                           | SWK V6.707 03/15/60                               | CUSIP: 854502AM3<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    300000 | PA      | $292989.96    | 0.05%             | 2060-03-15      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Costa Rica (Republic Of)                                                               | COSTAR 6.55 04/03/34 144A                         | CUSIP: 221597CR6<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     65000 | PA      | $68558.75     | 0.01%             | 2034-04-03      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 3.625 05/15/53                                  | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3840000 | PA      | $3079050.01   | 0.56%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                                                   | TURKEY 6.625 02/17/45 31Y                         | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     80000 | PA      | $67800.00     | 0.01%             | 2045-02-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Corporacion Nacional del Cobre de Chile                                                | CDEL 5.95 01/08/34 144A                           | CUSIP: 21987BBG2<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    350000 | PA      | $358179.50    | 0.07%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                                                         | S&P Global Inc COM                                | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      9106 | NS      | $3873146.04   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| New York State Electric & Gas Corporation                                              | AGR 5.85 08/15/33 144A                            | CUSIP: 649840CV5<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    320000 | PA      | $333849.63    | 0.06%             | 2033-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Misumi Group Inc.                                                                      | Misumi Group Inc. NPV                             | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |    160400 | NS      | $2749542.50   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.   | CHTR 6.484 10/23/45                               | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    265000 | PA      | $244320.73    | 0.04%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| SERVICETITAN INC                                                                       | ServiceTitan Inc. SHS CL A                        | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28341 | NS      | $1798519.86   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                                                              | KLA Corp. COM NEW                                 | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      2447 | NS      | $3602987.27   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL Finance International N.V.                                                        | ENELIM 7.5 10/14/32 144A                          | CUSIP: 29278GBA5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $450391.12    | 0.08%             | 2032-10-14      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                              | IVYCST 8.25 01/30/37 144A                         | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     63000 | PA      | $64487.17     | 0.01%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| EMD Finance LLC                                                                        | MRKGR 5 10/15/35 144a                             | CUSIP: 26867LAR1<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |    460000 | PA      | $453862.00    | 0.08%             | 2035-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                    | NEE V6.5 08/15/55 .                               | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    445000 | PA      | $459206.63    | 0.08%             | 2055-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Atlas Warehouse Lending Co. LP                                                         | ATWALD 5.25 01/15/33                              | CUSIP: 049463AH5<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    445000 | PA      | $430969.63    | 0.08%             | 2033-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSTONE HOLDINGS LTD                                                                | Riverstone Holding Ltd. NPV                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   2591900 | NS      | $1385701.87   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Bouvet Asa                                                                             | Bouvet Asa NOK0.10                                | CUSIP: 000000000<br>LEI: 5967007LIEEXZXFMBC26 | Long             | EC               | CORP              | NO        |    164851 | NS      | $860877.39    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                       | FG A62213                                         | CUSIP: 3128KSN65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50269 | PA      | $52652.18     | 0.01%             | 2037-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                                     | EOG 5.65 12/01/54                                 | CUSIP: 26875PAW1<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    385000 | PA      | $374953.31    | 0.07%             | 2054-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| W.R. Berkley Corporation                                                               | W.R. Berkley Corporation COM                      | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     44173 | NS      | $2927786.44   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Citadel Finance LLC                                                                    | CITADL 4.75 02/14/29 144A                         | CUSIP: 17287HAE0<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    295000 | PA      | $289036.56    | 0.05%             | 2029-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                           | T 1.875 02/15/51                                  | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5255000 | PA      | $2917961.93   | 0.53%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Pason System Incor                                                                     | Pason System Incor COM NPV                        | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |    308809 | NS      | $2939135.33   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                                           | T 4.25 02/15/54                                   | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4255000 | PA      | $3811549.22   | 0.70%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                   | ANGOL 9.244 01/15/31 144A                         | CUSIP: 035198AH3<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     72000 | PA      | $72787.50     | 0.01%             | 2031-01-15      | Fixed         | 9.24%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                             | ALVGR V6.35 09/06/53 144A                         | CUSIP: 018820AC4<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $416447.20    | 0.08%             | 2053-09-06      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Company                                                              | ARAMCO 5.25 07/17/34 144A                         | CUSIP: 80414L2N4<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    355000 | PA      | $352706.70    | 0.06%             | 2034-07-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ANZ GROUP HOLDINGS LTD                                                                 | ANZ V5.816 06/18/36 144A                          | CUSIP: 052528AV8<br>LEI: 9845005D9C6BAA10BK72 | Long             | DBT              | CORP              | AU        |    350000 | PA      | $356103.94    | 0.07%             | 2036-06-18      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                             | PRU V6.75 03/01/53                                | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    285000 | PA      | $294920.85    | 0.05%             | 2053-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Guatemala (Republic of)                                                                | GUATEM 6.6 06/13/36 144A                          | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     72000 | PA      | $75362.40     | 0.01%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                                              | KSA 5.625 01/13/35 144A                           | CUSIP: 80413TBL2<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    134000 | PA      | $138275.94    | 0.03%             | 2035-01-13      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                      | PNC V5.575 01/29/36                               | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    335000 | PA      | $342003.18    | 0.06%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                                                           | Cadence Design Systems, Inc. COM                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     14848 | NS      | $4125813.76   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                                                          | Interactive Brokers Group Inc COM CL A            | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     49306 | NS      | $3306953.42   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                                                            | The Progressive Corporation COM                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     22100 | NS      | $4381104.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| 180 Medical Inc.                                                                       | CTECLN 5.3 10/08/35 144a                          | CUSIP: 682357AB4<br>LEI: 254900ZB648OPWVFVX59 | Long             | DBT              | CORP              | US        |    575000 | PA      | $563674.69    | 0.10%             | 2035-10-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                   | JPM V5.717 09/14/33                               | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    495000 | PA      | $512507.79    | 0.09%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                           | AVGO 3.137 11/15/35 144A                          | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    570000 | PA      | $484263.94    | 0.09%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-01

**Name of Applicant:** Virtus Equity Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer