# EDGAR Filing Document

**Accession Number:** 0001532206
**File Stem:** 0000910472-26-004476
**Filing Date:** 2026-3
**Character Count:** 56057
**Document Hash:** d40271d0ecdeb8fe11c7cd9dedb4e18e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004476.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000910472-26-004476

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Arrow ETF Trust
- **CENTRAL INDEX KEY:** 0001532206

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22624
- **FILM NUMBER:** 26811564

**BUSINESS ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130
- **BUSINESS PHONE:** 631-470-2600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Northern Lights ETF Trust
- **DATE OF NAME CHANGE:** 20111007

## Series and Classes Contracts Data

### Arrow Dow Jones Global Yield ETF (Series ID: S000035751)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000109586 | Arrow Dow Jones Global Yield ETF | GYLD            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Arrow ETF Trust

- **b. Investment Company Act file number:** 811-22624

- **c. CIK number of Registrant:** 0001532206

- **d. LEI of Registrant:** 5493008WO2LCDD28WG98

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

  - **Street Address 1:** 6100 CHEVY CHASE DR

  - **City:** LAUREL

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 68130

  - **Telephone number:** 301-260-1001

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

- **a. Name of Series:** Arrow Dow Jones Global Yield ETF

- **b. EDGAR series identifier (if any):** S000035751

- **c. LEI of Series:** 549300KJZRUKTBTGG770

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

- **a. Date of fiscal year-end:** 2026-01-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $26767300.28

**Total Liabilities:** $24707.80

**Net Assets:** $26742592.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 22.36277800 | **5-Year:** 296.50176800 | **10-Year:** 862.04642700 | **30-Year:** 1471.58964300

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

- **3-Month:** 0.00000000 | **1-Year:** 404.16774800 | **5-Year:** 1682.45850900 | **10-Year:** 988.16657200 | **30-Year:** 492.50176000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000109586 | 1.56%                | 0.52%                | 4.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $244037.87                                 |
| Month 2  | $-16.87                  | $10842.00                                  |
| Month 3  | $-165102.42              | $1250661.02                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliance Resource Partners, L.P.                                   | ALLIANCE RESOURC          | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |      7315 | NS      | $174243.30    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinetik Holdings Inc                                               | KINETIK HOLDINGS          | CUSIP: 02215L209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5113 | NS      | $209172.83    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                                       | BRIT AMER TOBACC          | CUSIP: G1510J102<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      4068 | NS      | $243586.81    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corporation                                       | ANTERO MIDSTREAM          | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10168 | NS      | $191361.76    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc.                                                           | BCE INC                   | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |      9316 | NS      | $240911.76    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Stone Minerals LP                                            | BLACK STONE MINE          | CUSIP: 09225M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12793 | NS      | $188952.61    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                                            | BRANDYWINE RLTY           | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |     65159 | NS      | $184399.97    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Brazil (Federative Republic)                                       | BRAZIL 5 5/8 01/07/41     | CUSIP: 105756BR0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    186000 | PA      | $173352.00    | 0.65%             | 2041-01-07      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                       | BRAZIL 3 3/4 09/12/31     | CUSIP: 105756CE8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    184000 | PA      | $170847.68    | 0.64%             | 2031-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                       | BRAZIL 6 1/8 03/15/34     | CUSIP: 105756CH1<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    168000 | PA      | $170352.00    | 0.64%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Brazil (Federative Republic)                                       | BRAZIL 6 5/8 03/15/35     | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    164000 | PA      | $168797.00    | 0.63%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Broadstone Net Lease Inc                                           | BROADSTONE NET            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     10979 | NS      | $203221.29    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Partners, LP and CVR Nitrogen Finance Corporation              | CVR PARTNERS LP           | CUSIP: 126633205<br>LEI: 529900LE0OS06MYQRP11 | Long             | EC               | CORP              | US        |      1607 | NS      | $166436.99    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Partners Lp                                        | CHENIERE ENERGY           | CUSIP: 16411Q101<br>LEI: 5493005UEC8AZ34LDV29 | Long             | EC               | CORP              | US        |      3262 | NS      | $183944.18    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Chile (Republic Of)                                                | CHILE 5.33 01/05/54       | CUSIP: 168863EA2<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    200000 | PA      | $193985.00    | 0.73%             | 2054-01-05      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                             | COLOM 3 01/30/30          | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    192000 | PA      | $172262.40    | 0.64%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                             | COLOM 7 1/2 02/02/34      | CUSIP: 195325EG6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    160000 | PA      | $167656.00    | 0.63%             | 2034-02-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                             | COLOM 8 11/14/35          | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    160000 | PA      | $171440.00    | 0.64%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Colombia (Republic Of)                                             | COLOM 8 3/4 11/14/53      | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    156000 | PA      | $171545.40    | 0.64%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Community Healthcare Trust Inc.                                    | COMMUNITY HEALTH          | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     11703 | NS      | $202227.84    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Logistics Partners Lp                                        | DELEK LOGISTICS           | CUSIP: 24664T103<br>LEI: 549300UVYITDIU51P724 | Long             | EC               | CORP              | US        |      3788 | NS      | $188225.72    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Dentsply Sirona Inc                                                | XRAY 8 3/8 09/12/55       | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173412.93    | 0.65%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Dorchester Minerals L.P.                                           | DORCHESTER MINER          | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |      7655 | NS      | $194513.55    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                                                     | EPR PROPERTIES            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |      3844 | NS      | $208498.56    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties Inc                                 | EASTERLY GOVERNM          | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |      9112 | NS      | $213129.68    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemtrade Logistics Income Fund                                    | CHEMTRADE LOG IN          | CUSIP: 16387P103<br>LEI: 254900UOUPEC6HRUR935 | Long             | EC               | CORP              | CA        |     15739 | NS      | $182631.26    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                                                 | ENERGY TRANSFER           | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |     10361 | NS      | $191160.45    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L.P.                                  | ENTERPRISE PRODU          | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |      5534 | NS      | $183673.46    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp.                                                          | FMC 8.45 11/01/55         | CUSIP: 302491AZ8<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    214000 | PA      | $171778.83    | 0.64%             | 2055-11-01      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Genesis Energy L.P.                                                | GENESIS ENERGY            | CUSIP: 371927104<br>LEI: 549300VJ5D6MDK138782 | Long             | EC               | CORP              | US        |     11304 | NS      | $187759.44    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc                                               | GLOBAL NET LEASE          | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |     22651 | NS      | $214278.46    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Partners LP                                                 | GLOBAL PARTNERS           | CUSIP: 37946R109<br>LEI: 549300PCHWTW9P4DU444 | Long             | EC               | CORP              | US        |      4250 | NS      | $200685.00    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Medical REIT Inc.                                           | GLOBAL MEDICAL R          | CUSIP: 37954A303<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |      5563 | NS      | $192146.02    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Cofinimmo S.A./N.V.                                                | Cofinimmo SA              | CUSIP: B25654136<br>LEI: 549300TM914CSF6KI389 | Long             | EC               | CORP              | BE        |      2038 | NS      | $211727.70    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HRTI LLC                                                           | HEALTHCARE REALT          | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |     11693 | NS      | $196325.47    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                                                  | HESS MIDSTREAM-A          | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5245 | NS      | $186040.15    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties, Inc.                                         | HIGHWOODS PROP            | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |      7590 | NS      | $196201.50    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Icahn Enterprises LP                                               | ICAHN ENTERPRISE          | CUSIP: 451100101<br>LEI: 549300T0G4GS0SINS786 | Long             | EC               | CORP              | US        |     21195 | NS      | $164897.10    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation    | IEP 9 06/15/30            | CUSIP: 451102CJ4<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |    177000 | PA      | $172857.56    | 0.65%             | 2030-06-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Komercni Banka AS                                                  | KOMERCNI BANKA            | CUSIP: X45471111<br>LEI: IYKCAVNFR8QGF00HV840 | Long             | EC               | CORP              | CZ        |      3706 | NS      | $224707.79    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Propertes Inc                                | INNOVATIVE INDUS          | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      3902 | NS      | $188544.64    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimbell Royalty Partners Lp                                        | KIMBELL ROYALTY           | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |     15120 | NS      | $203061.60    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| LandBridge Company LLC                                             | LANDBRIDGE CO LL          | CUSIP: 514952100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3613 | NS      | $207602.98    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                                         | PEKAO                     | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |      3634 | NS      | $221748.77    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                                            | MPLX LP                   | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |      3290 | NS      | $183911.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Mach Natural Resources LP                                          | MACH NATURAL RES          | CUSIP: 55445L100<br>LEI: 254900WRTD4RTPK11Q27 | Long             | EC               | CORP              | US        |     15890 | NS      | $185754.10    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Orlen SA                                                           | ORLEN SA                  | CUSIP: X6922W204<br>LEI: 259400VVMM70CQREJT74 | Long             | EC               | CORP              | PL        |      7731 | NS      | $234917.61    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| African Rainbow Minerals Ltd                                       | AFRICAN RAINBOW           | CUSIP: S01680107<br>LEI: 529900L3TPSCK8ZVZ589 | Long             | EC               | CORP              | ZA        |     17489 | NS      | $259742.66    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile Telesystems Pjsc                                            | MOBILE TELES PJS          | CUSIP: 607409109<br>LEI: 2534008FX8EXH1FMJA74 | Long             | EC               | CORP              | RU        |     35608 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Retail Reit                                           | CHARTER HALL RET          | CUSIP: Q2308D108<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     74769 | NS      | $204639.72    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UTD Tractors                                                       | UNITED TRACTORS           | CUSIP: Y7146Y140<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    113497 | NS      | $176082.24    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Resource Partners L.P.                                     | NATURAL RESOURCE          | CUSIP: 63900P608<br>LEI: 529900EECJ7CSX1S1S58 | Long             | EC               | CORP              | US        |      1653 | NS      | $187615.50    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd.                                              | EXXARO RESOURCES          | CUSIP: S26949107<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |     19046 | NS      | $217396.73    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Bukit Asam Tbk                                                     | BUKIT ASAM TBK P          | CUSIP: Y8520P101<br>LEI: 529900XX13TXG5L4CN33 | Long             | EC               | CORP              | ID        |   1491196 | NS      | $220246.92    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia (Persero) Tbk                                | BANK RAKYAT INDO          | CUSIP: Y0697U112<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |    977548 | NS      | $221812.75    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Perusahaan Gas Negara Tbk                                          | Perusahaan Gas Negara Per | CUSIP: Y7136Y118<br>LEI: 549300OX1VFDX7ZPN240 | Long             | EC               | CORP              | ID        |   1842843 | NS      | $232673.88    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors, Inc.                                   | OMEGA HEALTHCARE          | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      4435 | NS      | $194607.80    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Spark New Zealand Ltd.                                             | Spark New Zealand Ltd     | CUSIP: Q8619N107<br>LEI: 529900HUN51H3Y7QBB66 | Long             | EC               | CORP              | NZ        |    164781 | NS      | $224313.37    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Panama (Republic of)                                               | PANAMA 3.298 01/19/33     | CUSIP: 698299BR4<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    150000 | PA      | $131677.50    | 0.49%             | 2033-01-19      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                               | PANAMA 6.4 02/14/35       | CUSIP: 698299BT0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    174000 | PA      | $182430.30    | 0.68%             | 2035-02-14      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Panama (Republic of)                                               | PANAMA 6.853 03/28/54     | CUSIP: 698299BV5<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    175000 | PA      | $180748.75    | 0.68%             | 2054-03-28      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Park Hotels & Resorts Inc.                                         | PARK H&R INC              | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     18582 | NS      | $203101.26    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Peru (Republic Of)                                                 | PERU 3.6 01/15/2072       | CUSIP: 715638DW9<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    270000 | PA      | $170903.25    | 0.64%             | 2072-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Peru (Republic Of)                                                 | PERU 5 1/2 03/30/36       | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    164000 | PA      | $166870.00    | 0.62%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P.                                  | PLAINS ALL AMER           | CUSIP: 726503105<br>LEI: 5521FA2ITF25TVH63740 | Long             | EC               | CORP              | US        |      9607 | NS      | $184838.68    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP                                              | PLAINS GP HOLD-A          | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |      9001 | NS      | $184340.48    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Poland (Republic of)                                               | POLAND 5 1/2 03/18/54     | CUSIP: 731011AZ5<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    182000 | PA      | $173475.56    | 0.65%             | 2054-03-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Enagas SA                                                          | Enagas SA                 | CUSIP: E41759106<br>LEI: 213800OU3FQKGM4M2U23 | Long             | EC               | CORP              | ES        |     13437 | NS      | $221267.49    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Covivio SA                                                         | COVIVIO                   | CUSIP: F2R22T119<br>LEI: 969500P8M3W2XX376054 | Long             | EC               | CORP              | FR        |      3067 | NS      | $195506.70    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| South Africa (Republic of)                                         | SOAF 5 7/8 06/22/30       | CUSIP: 836205AY0<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    166000 | PA      | $171109.65    | 0.64%             | 2030-06-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                         | SOAF 5 7/8 04/20/32       | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    172000 | PA      | $176569.58    | 0.66%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                         | SOAF 7.3 04/20/52         | CUSIP: 836205BE3<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    181000 | PA      | $178939.10    | 0.67%             | 2052-04-20      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Suburban Propane Partners LP / Suburban Energy Finance Corporation | SUBURBAN PROPANE          | CUSIP: 864482104<br>LEI: JJAX4X60DE65EYFOTY73 | Long             | EC               | CORP              | US        |      9591 | NS      | $193450.47    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunoco LP                                                          | SUNOCO LP                 | CUSIP: 86765K109<br>LEI: 54930001NJU8E40NQ561 | Long             | EC               | CORP              | US        |      3205 | NS      | $184543.90    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TXO Partners  LP                                                   | TXO PARTNERS LP           | CUSIP: 87313P103<br>LEI: KWQMGYEOMKX7BT2PZF05 | Long             | EC               | CORP              | US        |     17202 | NS      | $207628.14    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ternium SA                                                         | TERNIUM SA-ADR            | CUSIP: 880890108<br>LEI: 529900QG4KU23TEI2E46 | Long             | EC               | CORP              | LU        |      5256 | NS      | $219911.04    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Turkey (Republic of)                                               | TURKEY 6 5/8 02/17/45     | CUSIP: 900123CG3<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    180000 | PA      | $164131.86    | 0.61%             | 2045-02-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                               | TURKEY 9 3/8 01/19/33     | CUSIP: 900123DG2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    141000 | PA      | $163936.68    | 0.61%             | 2033-01-19      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                               | TURKEY 9 1/8 07/13/30     | CUSIP: 900123DJ6<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    148000 | PA      | $167925.13    | 0.63%             | 2030-07-13      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                               | TURKEY 6 1/2 01/03/35     | CUSIP: 900123DN7<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    175000 | PA      | $173707.79    | 0.65%             | 2035-01-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| USA Compression Partners Lp                                        | USA COMPRESSION           | CUSIP: 90290N109<br>LEI: 5493000B1PEOKXRZEO65 | Long             | EC               | CORP              | US        |      7292 | NS      | $188571.12    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico (United Mexican States)                                     | MEX 4.6 02/10/48          | CUSIP: 91087BAD2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    232000 | PA      | $179138.80    | 0.67%             | 2048-02-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                     | MEX 3 1/2 02/12/34        | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    140000 | PA      | $121030.00    | 0.45%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                     | MEX 6.35 02/09/35         | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    165000 | PA      | $172004.25    | 0.64%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Universal Health Realty Income Trust                               | UNIVERSAL HEALTH          | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      4774 | NS      | $189671.02    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Midstream Partners LP                                      | WESTERN MIDSTREA          | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4374 | NS      | $181346.04    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Dogus Otomotiv Servis Ve Ticaret As                                | DOGUS OTOMOTIV S          | CUSIP: M28191100<br>LEI: 789000PVDP82LTUNS694 | Long             | EC               | CORP              | TR        |     45009 | NS      | $237295.80    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Turk Traktor ve Ziraat Makineleri AS                               | Turk Traktor ve Ziraat Ma | CUSIP: M9044T101<br>LEI: 7890002G98SY237S0Y70 | Long             | EC               | CORP              | TR        |     17018 | NS      | $231837.40    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd                                                 | KUMBA IRON ORE L          | CUSIP: S4341C103<br>LEI: 3789006C753402643048 | Long             | EC               | CORP              | ZA        |      9609 | NS      | $214137.41    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Indo Tambangraya Megah Tbk                                         | INDO TAMBANGRAYA          | CUSIP: Y71244100<br>LEI: 52990056ZNHB217ZKL92 | Long             | EC               | CORP              | ID        |    166779 | NS      | $218021.50    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Infrastructure Partners LP                              | BROOKFIELD INFRA          | CUSIP: G16252101<br>LEI: 549300WEH5R2OODI7Y90 | Long             | EC               | CORP              | BM        |      5136 | NS      | $185919.41    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Globaltrans Investment PLC                                         | GLOBALTRANS-GDR           | CUSIP: 37949E204<br>LEI: 213800D6EVVEJJW3MD09 | Long             | EC               | CORP              | CY        |     36615 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  1 | On Loan: No      |
| PT Alamtri Resources Indonesia Tbk                                 | ALAMTRI RESOURCE          | CUSIP: Y7087B109<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |   1791310 | NS      | $235768.87    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Grid Co - Rosseti PJSC                                     | FGC ROSSETI               | CUSIP: X2393G109<br>LEI: 253400FZQ7Z49QZNSG30 | Long             | EC               | CORP              | RU        | 114622657 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Severstal Public Joint Stock Company                               | SEVERSTAL                 | CUSIP: X7803S106<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |     14212 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Actinver SA                                                  | TRUST FIBRA UNO           | CUSIP: P3515D163<br>LEI: 4469000001BLWI4LQJ08 | Long             | EC               | CORP              | MX        |    137019 | NS      | $213138.92    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Partners L P                                  | BROOKFIELD RENEWABLE PART | CUSIP: G16258108<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               | CORP              | BM        |      6340 | NS      | $189134.20    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                                         | Astra International Tbk P | CUSIP: Y7117N172<br>LEI: 529900L49TRJOMG4DK47 | Long             | EC               | CORP              | ID        |    517043 | NS      | $195534.69    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                                    | CHARTWELL RETIRE          | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |     11448 | NS      | $170001.07    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Growthpoint Properties Ltd                                         | GROWTHPOINT PROP          | CUSIP: S3373C239<br>LEI: 37890019DD1E46632291 | Long             | EC               | CORP              | ZA        |    180610 | NS      | $197891.40    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Hall Long WALE REIT                                        | CHARTER HLW REIT          | CUSIP: Q2308E106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     74920 | NS      | $203487.71    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Supermarket Income Reit Public Limited Company                     | SUPERMARKET INCO          | CUSIP: G8586X105<br>LEI: 2138007FOINJKAM7L537 | Long             | EC               | CORP              | GB        |    179557 | NS      | $204664.66    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland Ascott Trust                                            | CAPITALAND ASCOT          | CUSIP: Y0261Y177<br>LEI: 549300W6RTG7Y32IWY65 | Long             | EC               | CORP              | SG        |    208467 | NS      | $160586.12    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Group Holdings PLC                                         | PHOENIX GROUP HO          | CUSIP: G7S8MZ109<br>LEI: 2138001P49OLAEU33T68 | Long             | EC               | CORP              | GB        |     21863 | NS      | $221229.72    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Nepi Rockcastle NV                                                 | NEPI ROCKCASTLE           | CUSIP: N6S06Q108<br>LEI: 549300FMWM53K9ULYT15 | Long             | EC               | CORP              | NL        |     22619 | NS      | $206695.23    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Thungela Resources Limited                                         | THUNGELA RESOURC          | CUSIP: S84485101<br>LEI: 213800EGYK3BN3SRIF27 | Long             | EC               | CORP              | ZA        |     34472 | NS      | $213413.44    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hungary (Republic Of)                                              | REPHUN 6 3/4 09/25/52     | CUSIP: X93622GL0<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $213298.72    | 0.80%             | 2052-09-25      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Primary Health Properties PLC                                      | PRIMARY HEALTH            | CUSIP: G7240B186<br>LEI: 213800Y5CJHXOATK7X11 | Long             | EC               | CORP              | GB        |    144824 | NS      | $205303.24    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Del Bajio, S.A., Institucion De Banca                        | BANCO DEL BAJIO SA        | CUSIP: P1R2ZN117<br>LEI: 4469000001BD95FFLY16 | Long             | EC               | CORP              | MX        |     85247 | NS      | $249452.25    | 0.93%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Land Securities Group PLC                                          | LAND SECURITIES           | CUSIP: G5375M142<br>LEI: 213800V8IAVKS37D6B88 | Long             | EC               | CORP              | GB        |     23257 | NS      | $207012.48    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Frasers Logistics & Commercial Trust                               | FRASERS LOGISTICS & INDUS | CUSIP: Y26465107<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    254951 | NS      | $202405.68    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtb SA                                                             | X-TRADE BROKERS           | CUSIP: X98169117<br>LEI: 259400AVUPSABLEXNT19 | Long             | EC               | CORP              | PL        |     10429 | NS      | $248917.56    | 0.93%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SmartCentres Real Estate Investment Trust                          | SMARTCENTRES REA          | CUSIP: 83179X108<br>LEI: 549300HKEP2IYWZ14H97 | Long             | EC               | CORP              | CA        |     10573 | NS      | $207246.73    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GoEasy Limited                                                     | GSYCN 7 5/8 07/01/29      | CUSIP: C39555AF1<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    174000 | PA      | $172422.39    | 0.64%             | 2029-07-01      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Saturn Oil & Gas Inc                                               | SOILCN 9 5/8 06/15/29     | CUSIP: C8185KAA0<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |    146000 | PA      | $149461.95    | 0.56%             | 2029-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| AI Candelaria Spain S.A.                                           | AICNRA 5 3/4 06/15/33     | CUSIP: E0R75RAB2<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |    201000 | PA      | $179795.51    | 0.67%             | 2033-06-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| INEOS Finance PLC                                                  | INEGRP 7 1/2 04/15/29     | CUSIP: G47718AK0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |    190000 | PA      | $159980.59    | 0.60%             | 2029-04-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Panama (Republic of)                                               | PANAMA 3.362 06/30/31     | CUSIP: P90603AP9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    208000 | PA      | $190030.88    | 0.71%             | 2031-06-30      | Fixed         | 3.36%                 | Yes           |                  2 | On Loan: No      |
| Apld Computeco LLC                                                 | APLD 9 1/4 12/15/30       | CUSIP: U0379NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $176792.68    | 0.66%             | 2030-12-15      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Arbor Realty Senior Incorporated                                   | ABR 7 7/8 07/15/30        | CUSIP: U0409AAB7<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    192000 | PA      | $176243.80    | 0.66%             | 2030-07-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| JetBlue Airways Corp. / JetBlue Loyalty LP                         | JBLU 9 7/8 09/20/31       | CUSIP: U04553AA8<br>LEI: 54930070J9H97ZO93T57 | Long             | DBT              | CORP              | US        |    169000 | PA      | $170067.86    | 0.64%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Burford Capital Global Finance LLC                                 | BURLN 7 1/2 07/15/33      | CUSIP: U1056LAE1<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |    173000 | PA      | $167374.04    | 0.63%             | 2033-07-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| The Chemours Company LLC                                           | CC 8 01/15/33             | CUSIP: U16309AK9<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    169000 | PA      | $169772.31    | 0.63%             | 2033-01-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| CoreWeave Inc.                                                     | CRWV 9 1/4 06/01/30       | CUSIP: U2069EAA8<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |    198000 | PA      | $195021.21    | 0.73%             | 2030-06-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Hertz Corp.                                                        | HTZ 12 5/8 07/15/29       | CUSIP: U42804AY7<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161185.28    | 0.60%             | 2029-07-15      | Fixed         | 12.62%                | Yes           |                  2 | On Loan: No      |
| Hilcorp Energy I L.P/Hilcorp Finance Co                            | HILCRP 7 1/4 02/15/35     | CUSIP: U43279AQ8<br>LEI: 549300ITPIHLG0LHEC09 | Long             | DBT              | CORP              | US        |    176000 | PA      | $170394.03    | 0.64%             | 2035-02-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Crescent Energy Finance LLC                                        | CRGYFN 8 3/8 01/15/34     | CUSIP: U4526LAL1<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    183000 | PA      | $184861.11    | 0.69%             | 2034-01-15      | Fixed         | 8.38%                 | Yes           |                  2 | On Loan: No      |
| Kraken Oil & Gas Partners LLC                                      | KRAOIG 7 5/8 08/15/29     | CUSIP: U50095AA3<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    169000 | PA      | $169021.68    | 0.63%             | 2029-08-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Nabors Industries, Inc.                                            | NBR 7 5/8 11/15/32        | CUSIP: U6295YAQ6<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    171000 | PA      | $174292.61    | 0.65%             | 2032-11-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Northern Oil And Gas, Inc.                                         | NOG 7 7/8 10/15/33        | CUSIP: U66499AG6<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |    173000 | PA      | $174691.08    | 0.65%             | 2033-10-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| PBF Holding Company LLC and PBF Finance Corp.                      | PBFENE 7 7/8 09/15/30     | CUSIP: U70453AG7<br>LEI: 549300TILVIIV9FLL461 | Long             | DBT              | CORP              | US        |    171000 | PA      | $171420.32    | 0.64%             | 2030-09-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Domtar Corp.                                                       | UFS 6 3/4 10/01/28        | CUSIP: U7051JAA6<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |    198000 | PA      | $164522.16    | 0.62%             | 2028-10-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Resorts World Las Vegas LLC / RWLV Capital Inc.                    | RWLVCA 4 5/8 04/16/29     | CUSIP: U76198AA5<br>LEI: 254900LHVH9D3APT8R82 | Long             | DBT              | CORP              | US        |    189000 | PA      | $172473.03    | 0.64%             | 2029-04-16      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Sesi, L.L.C.                                                       | SPN 7 7/8 09/30/30        | CUSIP: U8151EAH9<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |    172000 | PA      | $173538.02    | 0.65%             | 2030-09-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Star Leasing Co LLC                                                | TRAILR 7 5/8 02/15/30     | CUSIP: U85539AA9<br>LEI: 549300WXKNX4PT3HSN71 | Long             | DBT              | CORP              | US        |    177000 | PA      | $169467.62    | 0.63%             | 2030-02-15      | Fixed         | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Venture Global LNG Inc.                                            | VENLNG 9 7/8 02/01/32     | CUSIP: U9220NAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    160000 | PA      | $169274.24    | 0.63%             | 2032-02-01      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Vital Energy Inc                                                   | CRGYFN 7 7/8 04/15/32     | CUSIP: U92272AA8<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    189000 | PA      | $188102.32    | 0.70%             | 2032-04-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Hungary (Republic Of)                                              | REPHUN 5 1/2 06/16/34     | CUSIP: X93622GG1<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $202207.33    | 0.76%             | 2034-06-16      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Hungary (Republic Of)                                              | REPHUN 5 1/2 03/26/36     | CUSIP: X93622GS5<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |    200000 | PA      | $199071.64    | 0.74%             | 2036-03-26      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Getty Images Inc.                                                  | ABEGET 11 1/4 02/21/30    | CUSIP: U3742LAC1<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    186000 | PA      | $166636.47    | 0.62%             | 2030-02-21      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| Directv Financing LLC/Directv Financing Co-Obligor Inc.            | DTV 10 02/15/31           | CUSIP: U2541MAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $166433.75    | 0.62%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| C&W Senior Finance Ltd.                                            | CWCFIN 9 01/15/33         | CUSIP: G3169MAA3<br>LEI: 213800CG16G1YMJRCG10 | Long             | DBT              | CORP              | IE        |    160000 | PA      | $166369.28    | 0.62%             | 2033-01-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Perusahaan Penerbit Surat Berharga Syariah Indonesia III           | INDOIS 5.65 11/25/54      | CUSIP: Y68613AF8<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    170000 | PA      | $168937.50    | 0.63%             | 2054-11-25      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV                  | OGN 7 7/8 05/15/34        | CUSIP: U6836GAB4<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    228000 | PA      | $215317.50    | 0.81%             | 2034-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** Arrow ETF Trust

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer