# EDGAR Filing Document

**Accession Number:** 0001795351
**File Stem:** 0001099263-26-004461
**Filing Date:** 2026-4
**Character Count:** 820493
**Document Hash:** 3a6465c086ffebb6cd9b0f0705aff199
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001099263-26-004461.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001099263-26-004461

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Exchange-Traded Funds, Inc.
- **CENTRAL INDEX KEY:** 0001795351

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23494
- **FILM NUMBER:** 26899733

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

## Series and Classes Contracts Data

### T. Rowe Price Total Return ETF (Series ID: S000072798)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000229339 | T. Rowe Price Total Return ETF | TOTR            |

## Nport-Ex

T. ROWE PRICE TOTAL RETURN ETF

------

February 28, 2026 Unaudited

---

| | | |
|:---|:---|:---|
| **PORTFOLIO OF INVESTMENTS‡** | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| **ASSET-BACKED SECURITIES 13.0%** | **ASSET-BACKED SECURITIES 13.0%** | **ASSET-BACKED SECURITIES 13.0%** |
| **Car Loan 4.6%** |  |  |
| Ally Bank Auto Credit-Linked Notes, Series 2024-B, Class A2, 4.97%, 9/15/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;133 | &nbsp;&nbsp;&nbsp;&nbsp;135 |
| ARI Fleet Lease Trust, Series 2025-A, Class B, 4.70%, 1/17/34 (1) | 1000 | 1017 |
| Avis Budget Rental Car Funding AESOP, Series 2022-5A, Class C, 6.24%, 4/20/27 (1) | &nbsp;&nbsp;&nbsp;&nbsp;33 | &nbsp;&nbsp;&nbsp;&nbsp;33 |
| Avis Budget Rental Car Funding AESOP, Series 2023-2A, Class C, 6.18%, 10/20/27 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| Avis Budget Rental Car Funding AESOP, Series 2023-2A, Class D, 7.26%, 10/20/27 (1) | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;207 |
| Avis Budget Rental Car Funding AESOP, Series 2023-3A, Class D, 7.32%, 2/20/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;117 |
| Avis Budget Rental Car Funding AESOP, Series 2024-3A, Class B, 5.58%, 12/20/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;374 |
| Avis Budget Rental Car Funding AESOP, Series 2025-3A, Class B, 4.46%, 2/20/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp;171 |
| Bayview Opportunity Master Fund VII, Series 2024-CAR1, Class B, FRN, SOFR30A + 1.30%, 4.967%, 12/26/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;88 | &nbsp;&nbsp;&nbsp;&nbsp;88 |
| Bridgecrest Lending Auto Securitization Trust, Series 2026-1, Class C, 4.44%, 11/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;385 | &nbsp;&nbsp;&nbsp;&nbsp;387 |
| CarMax Auto Owner Trust, Series 2022-4, Class D, 8.08%, 4/16/29 | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;212 |
| CarMax Auto Owner Trust, Series 2023-3, Class C, 5.61%, 2/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;194 |
| CarMax Auto Owner Trust, Series 2024-1, Class C, 5.47%, 8/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;87 |
| CarMax Auto Owner Trust, Series 2024-2, Class D, 6.42%, 10/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;94 |
| CarMax Auto Owner Trust, Series 2024-3, Class D, 5.67%, 1/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;41 |
| CarMax Select Receivables Trust, Series 2024-A, Class B, 5.35%, 1/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;41 |
| CarMax Select Receivables Trust, Series 2024-A, Class C, 5.62%, 1/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;180 |
| CarMax Select Receivables Trust, Series 2025-A, Class B, 5.01%, 9/16/30 | 1400 | 1425 |
| Carvana Auto Receivables Trust, Series 2021-P1, Class D, 1.82%, 12/10/27 | &nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;95 |
| Carvana Auto Receivables Trust, Series 2022-N1, Class D, 4.13%, 12/11/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;11 | &nbsp;&nbsp;&nbsp;&nbsp;11 |
| Carvana Auto Receivables Trust, Series 2022-P1, Class C, 3.30%, 4/10/28 | &nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp;30 |
| Carvana Auto Receivables Trust, Series 2023-N1, Class C, 5.92%, 7/10/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;617 | &nbsp;&nbsp;&nbsp;&nbsp;620 |
| Carvana Auto Receivables Trust, Series 2023-N3, Class B, 6.45%, 5/10/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;179 | &nbsp;&nbsp;&nbsp;&nbsp;180 |
| Carvana Auto Receivables Trust, Series 2024-N1, Class B, 5.63%, 5/10/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;&nbsp;56 |
| Carvana Auto Receivables Trust, Series 2024-N1, Class C, 5.80%, 5/10/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;153 |
| Carvana Auto Receivables Trust, Series 2024-N2, Class B, 5.67%, 9/10/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;61 |
| Carvana Auto Receivables Trust, Series 2024-N2, Class C, 5.82%, 9/10/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;82 |
| Carvana Auto Receivables Trust, Series 2024-N3, Class B, 4.67%, 12/10/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;310 | &nbsp;&nbsp;&nbsp;&nbsp;312 |
| Carvana Auto Receivables Trust, Series 2025-N1, Class A3, 4.91%, 8/10/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;585 | &nbsp;&nbsp;&nbsp;&nbsp;590 |
| Carvana Auto Receivables Trust, Series 2025-N1, Class B, 5.05%, 5/12/31 (1) | 1177 | 1194 |
| Carvana Auto Receivables Trust, Series 2025-P1, Class C, 5.34%, 8/11/31 | 1340 | 1382 |
| Carvana Auto Receivables Trust, Series 2025-P3, Class B, 4.48%, 10/10/31 | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;106 |
| Chase Auto Credit Linked Notes, Series 2025-1, Class B, 4.753%, 2/25/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;394 | &nbsp;&nbsp;&nbsp;&nbsp;397 |
| Drive Auto Receivables Trust, Series 2025-2, Class B, 4.14%, 9/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;231 |
| Enterprise Fleet Financing, Series 2023-1, Class A3, 5.42%, 10/22/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| Enterprise Fleet Financing, Series 2025-3, Class A3, 4.46%, 9/20/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp;218 |
| Exeter Automobile Receivables Trust, Series 2023-1A, Class D, 6.69%, 6/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 |
| Exeter Automobile Receivables Trust, Series 2025-2A, Class B, 4.92%, 9/17/29 | &nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;787 |
| Exeter Automobile Receivables Trust, Series 2025-4A, Class B, 4.40%, 5/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;192 |
| Exeter Automobile Receivables Trust, Series 2025-4A, Class C, 4.57%, 6/16/31 | &nbsp;&nbsp;&nbsp;&nbsp;685 | &nbsp;&nbsp;&nbsp;&nbsp;692 |
| Exeter Select Automobile Receivables Trust, Series 2025-2, Class B, 4.63%, 11/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;182 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Exeter Select Automobile Receivables Trust, Series 2025-2, Class C, 4.91%, 12/15/31 | 435 | 442 |
| Exeter Select Automobile Receivables Trust, Series 2025-3, Class B, 4.42%, 3/15/32 | 650 | 656 |
| Exeter Select Automobile Receivables Trust, Series 2025-3, Class C, 5.00%, 3/15/32 | 725 | 739 |
| Ford Credit Auto Lease Trust, Series 2023-B, Class D, 6.97%, 6/15/28 | &nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;25 |
| Ford Credit Floorplan Master Owner Trust A, Series 2023-1, Class B, 5.31%, 5/15/28 (1) | 545 | 546 |
| GM Financial Automobile Leasing Trust, Series 2025-1, Class B, 4.89%, 2/20/29 | 475 | 481 |
| GM Financial Consumer Automobile Receivables Trust, Series 2023-1, Class B, 5.03%, 9/18/28 | &nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;10 |
| GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class B, 5.72%, 1/16/29 | &nbsp;&nbsp;&nbsp;&nbsp;5 | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| GM Financial Consumer Automobile Receivables Trust, Series 2023-3, Class C, 5.92%, 2/16/29 | &nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;10 |
| GMF Floorplan Owner Revolving Trust, Series 2023-1, Class B, 5.73%, 6/15/28 (1) | 100 | 100 |
| GMF Floorplan Owner Revolving Trust, Series 2025-1A, Class C, 4.88%, 3/15/29 (1) | 800 | 805 |
| GMF Floorplan Owner Revolving Trust, Series 2025-2A, Class C, 4.96%, 3/15/30 (1) | 820 | 831 |
| Huntington Bank Auto Credit-Linked Notes, Series 2024-1, Class B1, 6.153%, 5/20/32 (1) | &nbsp;&nbsp;&nbsp;99 | 101 |
| Huntington Bank Auto Credit-Linked Notes, Series 2024-2, Class B1, 5.442%, 10/20/32 (1) | 127 | 128 |
| Huntington Bank Auto Credit-Linked Notes, Series 2025-1, Class B1, 4.957%, 3/21/33 (1) | 651 | 656 |
| Navistar Financial Dealer Note Master Owner Trust, Series 2024-1, Class B, 5.79%, 4/25/29 (1) | &nbsp;&nbsp;&nbsp;15 | &nbsp;&nbsp;&nbsp;15 |
| Navistar Financial Dealer Note Master Owner Trust, Series 2024-1, Class C, 6.13%, 4/25/29 (1) | &nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;25 |
| Navistar Financial Dealer Note Master Owner Trust II, Series 2025-1, Class B, 4.42%, 9/25/30 (1) | &nbsp;&nbsp;111 | &nbsp;&nbsp;111 |
| Navistar Financial Dealer Note Master Owner Trust II, Series 2025-1, Class C, 4.72%, 9/25/30 (1) | &nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;55 |
| Santander Bank Auto Credit-Linked Notes, Series 2023-B, Class C, 5.933%, 12/15/33 (1) | &nbsp;&nbsp;111 | 113 |
| Santander Bank Auto Credit-Linked Notes, Series 2024-A, Class B, 5.622%, 6/15/32 (1) | 148 | 150 |
| Santander Bank Auto Credit-Linked Notes, Series 2024-B, Class B, 4.965%, 1/18/33 (1) | 409 | 412 |
| Santander Bank Auto Credit-Linked Notes, Series 2025-A, Class B, 4.484%, 1/16/34 (1) | 250 | 251 |
| Santander Bank Auto Credit-Linked Notes, Series 2025-A, Class C, 4.661%, 1/16/34 (1) | 250 | 252 |
| Santander Drive Auto Receivables Trust, Series 2022-5, Class C, 4.74%, 10/16/28 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| Santander Drive Auto Receivables Trust, Series 2022-6, Class C, 4.96%, 11/15/28 | &nbsp;&nbsp;&nbsp;15 | &nbsp;&nbsp;&nbsp;15 |
| Santander Drive Auto Receivables Trust, Series 2025-2, Class B, 4.87%, 5/15/31 | 675 | 684 |
| Santander Drive Auto Receivables Trust, Series 2025-2, Class C, 5.06%, 5/15/31 | 675 | 687 |
| Santander Drive Auto Receivables Trust, Series 2026-1, Class C, 4.26%, 4/15/32 | 700 | 702 |
| SBNA Auto Lease Trust, Series 2025-A, Class A4, 4.87%, 7/20/29 (1) | 705 | 712 |
| Securitized Term Auto Receivables Trust, Series 2025-A, Class B, 5.038%, 7/25/31 (1) | &nbsp;&nbsp;&nbsp;37 | &nbsp;&nbsp;&nbsp;37 |
| SFS Auto Receivables Securitization Trust, Series 2024-1A, Class B, 5.38%, 1/21/31 (1) | 170 | 174 |
| SFS Auto Receivables Securitization Trust, Series 2024-1A, Class C, 5.51%, 1/20/32 (1) | &nbsp;&nbsp;&nbsp;15 | &nbsp;&nbsp;&nbsp;15 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| SFS Auto Receivables Securitization Trust, Series 2025-1A, Class C, 5.20%, 10/20/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396 |
| Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-CA, Class C, 4.44%, 8/20/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;820 |
| Toyota Lease Owner Trust, Series 2025-A, Class A4, 4.81%, 6/20/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619 |
| US Bank, Series 2023-1, Class B, 6.789%, 8/25/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 |
| Wheels Fleet Lease Funding 1, Series 2025-1A, Class A1, 4.57%, 1/18/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;738 |
| Wheels Fleet Lease Funding 1, Series 2025-1A, Class C, 5.08%, 1/18/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856 |
|  |  | 26002 |
| **Other Asset-Backed Securities 8.4%** |  |  |
| AMSR Trust, Series 2021-SFR2, Class C, 1.877%, 8/17/38 (1) | 1445 | &nbsp;&nbsp;&nbsp;1426 |
| AMSR Trust, Series 2021-SFR2, Class A, 1.527%, 8/17/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;460 |
| AMSR Trust, Series 2021-SFR4, Class A, 2.117%, 12/17/38 (1) | 1753 | &nbsp;&nbsp;&nbsp;1724 |
| Amur Equipment Finance Receivables X, Series 2022-1A, Class D, 2.91%, 8/21/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
| Amur Equipment Finance Receivables XI, Series 2022-2A, Class A2, 5.30%, 6/21/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
| Amur Equipment Finance Receivables XIII, Series 2024-1A, Class B, 5.37%, 1/21/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143 |
| ARES LX, Series 2021-60A, Class CR, CLO, FRN, 3M TSFR + 1.75%, 5.418%, 7/18/34 (1) | 1375 | &nbsp;&nbsp;&nbsp;1375 |
| Auxilior Term Funding, Series 2024-1A, Class A3, 5.49%, 7/15/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102 |
| Bain Capital Credit, Series 2022-3A, Class BR, FRN, 3M TSFR + 1.63%, 5.30%, 7/17/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;781 |
| Barings, Series 2021-3A, Class B1R, CLO, FRN, 3M TSFR + 1.63%, 5.298%, 1/18/35 (1) | 1150 | &nbsp;&nbsp;&nbsp;1151 |
| Battalion XII, Series 2018-12A, Class CRR, CLO, FRN, 3M TSFR + 1.55%, 5.203%, 5/17/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305 |
| Battalion XV, Series 2020-15A, Class CR, CLO, FRN, 3M TSFR + 1.90%, 5.568%, 1/17/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 |
| Battalion XV, Series 2020-15A, Class BR, CLO, FRN, 3M TSFR + 1.50%, 5.168%, 1/17/33 (1) | 1000 | &nbsp;&nbsp;&nbsp;1001 |
| Benefit Street Partners, Series 2021-23A, Class B1R, CLO, FRN, 3M TSFR + 1.55%, 5.218%, 4/25/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 |
| CCG Receivables Trust, Series 2025-1, Class A2, 4.48%, 10/14/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178 |
| CCG Receivables Trust, Series 2025-1, Class C, 4.89%, 10/14/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;508 |
| Chenango Park, Series 2018-1A, Class BR, CLO, FRN, 3M TSFR + 1.80%, 5.472%, 4/15/30 (1) | 1235 | &nbsp;&nbsp;&nbsp;1237 |
| Clarus Capital Funding, Series 2024-1A, Class A2, 4.71%, 8/20/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44 |
| Clarus Capital Funding, Series 2024-1A, Class B, 4.79%, 8/20/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 |
| Cologix Canadian Issuer, Series 2022-1CAN, Class A2, 4.94%, 1/25/52 (CAD) (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33 |
| Crown Point 7, Series 2018-7A, Class AR, CLO, FRN, 3M TSFR + 1.23%, 4.898%, 10/20/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| CyrusOne Data Centers Issuer I, Series 2024-2A, Class A2, 4.50%, 5/20/49 (1) | &nbsp;&nbsp;&nbsp;&nbsp;225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222 |
| Dell Equipment Finance Trust, Series 2024-1, Class D, 6.12%, 9/23/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 |
| Dell Equipment Finance Trust, Series 2024-1, Class C, 5.73%, 3/22/30 (1) | 1610 | &nbsp;&nbsp;&nbsp;1626 |
| Dell Equipment Finance Trust, Series 2024-2, Class B, 4.82%, 8/22/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 |
| Dell Equipment Finance Trust, Series 2024-2, Class D, 5.29%, 2/24/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 |
| Dext ABS, Series 2025-1, Class C, 5.39%, 8/15/35 (1) | 1340 | &nbsp;&nbsp;&nbsp;1372 |
| DLLAA, Series 2023-1A, Class A3, 5.64%, 2/22/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 |
| DLLAA, Series 2023-1A, Class A4, 5.73%, 10/20/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67 |

---

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T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| DLLST, Series 2024-1A, Class A4, 4.93%, 4/22/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 |
| Dryden 93, Series 2021-93A, Class BR, CLO, FRN, 3M TSFR + 1.70%, 5.372%, 1/15/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;251 |
| Elara HGV Timeshare Issuer, Series 2023-A, Class A, 6.16%, 2/25/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |
| Elara HGV Timeshare Issuer, Series 2023-A, Class C, 7.30%, 2/25/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 |
| FOCUS Brands Funding, Series 2017-1A, Class A2II, 5.093%, 4/30/47 (1) | 1346 | 1344 |
| FOCUS Brands Funding, Series 2022-1, Class A2, 7.206%, 7/30/52 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
| Harbor Park, Series 2018-1A, Class CR2, CLO, FRN, 3M TSFR + 1.65%, 5.318%, 1/20/31 (1) | 1120 | 1119 |
| Hardee's Funding, Series 2020-1A, Class A2, 3.981%, 12/20/50 (1) | &nbsp;&nbsp;&nbsp;&nbsp;789 | &nbsp;&nbsp;&nbsp;&nbsp;765 |
| Hardee's Funding, Series 2021-1A, Class A2, 2.865%, 6/20/51 (1) | &nbsp;&nbsp;&nbsp;&nbsp;196 | &nbsp;&nbsp;&nbsp;&nbsp;185 |
| Hardee's Funding, Series 2024-1A, Class A2, 7.253%, 3/20/54 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 | &nbsp;&nbsp;&nbsp;&nbsp;103 |
| Hilton Grand Vacations Trust, Series 2020-AA, Class C, 6.42%, 2/25/39 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 |
| Home Partners of America Trust, Series 2022-1, Class A, 3.93%, 4/17/39 (1) | &nbsp;&nbsp;&nbsp;&nbsp;131 | &nbsp;&nbsp;&nbsp;&nbsp;130 |
| Home Partners of America Trust, Series 2022-1, Class D, 4.73%, 4/17/39 (1) | &nbsp;&nbsp;&nbsp;&nbsp;143 | &nbsp;&nbsp;&nbsp;&nbsp;142 |
| HPEFS Equipment Trust, Series 2023-2A, Class C, 6.48%, 1/21/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 |
| HPEFS Equipment Trust, Series 2023-2A, Class D, 6.97%, 7/21/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;100 |
| HPEFS Equipment Trust, Series 2024-1A, Class C, 5.33%, 5/20/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;206 |
| HPEFS Equipment Trust, Series 2024-1A, Class D, 5.82%, 11/20/31 (1) | 1600 | 1619 |
| HPEFS Equipment Trust, Series 2024-2A, Class B, 5.35%, 10/20/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| HPEFS Equipment Trust, Series 2024-2A, Class D, 5.82%, 4/20/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;102 |
| Jack in the Box Funding, Series 2022-1A, Class A2I, 3.445%, 2/26/52 (1) | 1527 | 1490 |
| Jamestown XV, Series 2020-15A, Class A1R, CLO, FRN, 3M TSFR + 1.37%, 5.042%, 7/15/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;251 |
| KKR 43, Series 2022-43A, Class BR, CLO, FRN, 3M TSFR + 2.50%, 6.172%, 1/15/36 (1) | &nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;301 |
| Madison Park Funding LX, Series 2022-60A, Class BR, FRN, 3M TSFR + 1.75%, 5.418%, 10/25/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;316 |
| Madison Park Funding XXIV, Series 2016-24A, Class CR2, FRN, 3M TSFR + 2.05%, 5.718%, 10/20/29 (1) | 1625 | 1624 |
| Madison Park Funding XXX, Series 2018-30A, Class BR, FRN, 3M TSFR + 1.75%, 5.421%, 7/16/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;701 |
| MMAF Equipment Finance, Series 2020-A, Class A4, 1.40%, 8/9/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97 |
| MVW Owner Trust, Series 2020-1A, Class C, 4.21%, 10/20/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43 |
| MVW Owner Trust, Series 2023-1A, Class C, 6.54%, 10/20/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37 |
| MVW Owner Trust, Series 2023-1A, Class B, 5.42%, 10/20/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36 |
| Neuberger Berman Loan Advisers, Series 2021-43A, Class AR, FRN, 3M TSFR + 1.05%, 4.718%, 7/17/36 (1) | 1380 | 1378 |
| NMEF Funding, Series 2025-A, Class A2, 4.72%, 7/15/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;266 |
| Northwoods Capital XIV-B, Series 2018-14BA, Class AR, FRN, 3M TSFR + 1.25%, 4.883%, 11/13/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;108 | &nbsp;&nbsp;&nbsp;&nbsp;109 |
| OCP, Series 2017-13A, Class B1R2, CLO, FRN, 3M TSFR + 1.70%, 5.37%, 11/26/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;251 |
| Octagon Investment Partners 47, Series 2020-1A, Class A2R2, FRN, 3M TSFR + 1.55%, 5.219%, 1/22/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;330 | &nbsp;&nbsp;&nbsp;&nbsp;330 |
| Octagon Investment Partners 47, Series 2020-1A, Class BR2, FRN, 3M TSFR + 1.70%, 5.369%, 1/22/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp;326 |
| Octane Receivables Trust, Series 2023-3A, Class C, 6.74%, 8/20/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;102 |
| Octane Receivables Trust, Series 2024-RVM1, Class A, 5.01%, 1/22/46 (1) | &nbsp;&nbsp;&nbsp;&nbsp;810 | &nbsp;&nbsp;&nbsp;&nbsp;825 |
| Octane Receivables Trust, Series 2025-RVM1, Class B, 4.83%, 12/20/46 (1) | &nbsp;&nbsp;&nbsp;&nbsp;345 | &nbsp;&nbsp;&nbsp;&nbsp;349 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Octane Receivables Trust, Series 2025-RVM1, Class C, 5.26%, 12/20/46 (1) | &nbsp;&nbsp;&nbsp;&nbsp;705 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719 |
| OZLM Funding II, Series 2012-2A, Class BR4, FRN, 3M TSFR + 1.75%, 5.417%, 7/30/37 (1) | 1270 | &nbsp;&nbsp;&nbsp;1272 |
| Palmer Square, Series 2021-1A, Class A1AR, CLO, FRN, 3M TSFR + 1.15%, 4.818%, 4/20/38 (1) | 1335 | &nbsp;&nbsp;&nbsp;1336 |
| Palmer Square Loan Funding, Series 2024-3A, Class BR, FRN, 3M TSFR + 1.45%, 5.11%, 8/8/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;465 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464 |
| PEAC Solutions Receivables, Series 2025-1A, Class A2, 4.94%, 10/20/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297 |
| Post, Series 2022-1A, Class BR, CLO, FRN, 3M TSFR + 1.45%, 5.112%, 4/20/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;503 |
| Post Road Equipment Finance, Series 2024-1A, Class A2, 5.59%, 11/15/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 |
| Post Road Equipment Finance, Series 2024-1A, Class C, 5.81%, 10/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 |
| Progress Residential Trust, Series 2021-SFR8, Class E1, 2.382%, 10/17/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;638 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 |
| Progress Residential Trust, Series 2025-SFR2, Class A, 3.305%, 4/17/42 (1) | 1628 | &nbsp;&nbsp;&nbsp;1562 |
| RR 34, Series 2024-34RA, Class A2AR, FRN, 3M TSFR + 1.70%, 5.372%, 10/15/39 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 |
| SCF Equipment Leasing, Series 2024-1A, Class D, 6.58%, 6/21/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131 |
| Sculptor XXVII, Series 27A, Class BRR, CLO, FRN, 3M TSFR + 1.50%, 5.159%, 4/20/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;505 |
| SEB Funding, Series 2021-1A, Class A2, 4.969%, 1/30/52 (1) | &nbsp;&nbsp;&nbsp;&nbsp;793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793 |
| SEB Funding, Series 2024-1A, Class A2, 7.386%, 4/30/54 (1) | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149 |
| Shackleton, Series 2019-14A, Class BRR, CLO, FRN, 3M TSFR + 1.55%, 5.218%, 7/20/34 (1) | 1010 | &nbsp;&nbsp;&nbsp;1011 |
| Sierra Timeshare Receivables Funding, Series 2022-3A, Class B, 6.32%, 7/20/39 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46 |
| Signal Peak 5, Series 2018-5A, Class BR, CLO, FRN, 3M TSFR + 2.20%, 5.868%, 4/25/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 |
| Sonic Capital, Series 2020-1A, Class A2I, 3.845%, 1/20/50 (1) | &nbsp;&nbsp;&nbsp;&nbsp;307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305 |
| Sound Point XXII, Series 2019-1A, Class BRR, CLO, FRN, 3M TSFR + 1.65%, 5.318%, 1/20/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 |
| Symphony XVI, Series 2015-16A, Class ARR, CLO, FRN, 3M TSFR + 1.20%, 4.872%, 10/15/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 |
| TPIC SPV I, Series 2024-1A, Class A1, Acquisition Date: 12/10/24, Cost $280, 7.131%, 11/30/44 (2)(3) | &nbsp;&nbsp;&nbsp;&nbsp;257 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229 |
| Tricon American Homes, Series 2019-SFR1, Class D, 3.198%, 3/17/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
| Tricon Residential Trust, Series 2021-SFR1, Class A, 1.943%, 7/17/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744 |
| Tricon Residential Trust, Series 2024-SFR2, Class A, 4.75%, 6/17/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
| Tricon Residential Trust, Series 2024-SFR2, Class D, 6.00%, 6/17/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157 |
| Trinitas VII, Series 2017-7A, Class A1R2, CLO, FRN, 3M TSFR + 1.06%, 4.728%, 1/25/35 (1) | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;998 |
| Verdant Receivables, Series 2023-1A, Class A2, 6.24%, 1/13/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 |
| Verdant Receivables, Series 2024-1A, Class A2, 5.68%, 12/12/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65 |
| Verizon Master Trust, Series 2024-6, Class C, 4.67%, 8/20/30 | &nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;669 |
| Verizon Master Trust, Series 2025-3, Class C, 4.90%, 3/20/30 | 1500 | &nbsp;&nbsp;&nbsp;1511 |
| Wingspire Equipment Finance, Series 2025-1A, Class A2, 4.33%, 9/20/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
| Wingspire Equipment Finance, Series 2025-1A, Class C, 4.76%, 9/20/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101 |
| Zaxbys Funding, Series 2021-1A, Class A2, 3.238%, 7/30/51 (1) | 1242 | &nbsp;&nbsp;&nbsp;1191 |
|  |  | 46782 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| **Student Loan 0.0%** |  |  |
| Navient Private Education Refi Loan Trust, Series 2019-CA, Class B, 3.67%, 2/15/68 (1) | 151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 |
| **Total Asset-Backed Securities<br> (Cost $72,058)** |  | **72930** |
| **BANK LOANS 6.2% (4)** | **BANK LOANS 6.2% (4)** | **BANK LOANS 6.2% (4)** |
| **FINANCIAL INSTITUTIONS 1.1%** |  |  |
| **Brokerage Asset Managers Exchanges 0.1%** |  |  |
| Edelman Financial Center, FRN, 1M TSFR + 5.25%, 8.923%, 10/6/28 | &nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 |
| HighTower Holdings, FRN, 3M TSFR + 2.75%, 6.413%, 2/3/32 (2) | 277 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273 |
| Jane Street Group, FRN, 3M TSFR + 2.00%, 5.673%, 12/15/31 | 261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;551 |
| **Finance Companies 0.0%** |  |  |
| Daintree BidCo, FRN, 1M TSFR + 4.50%, 11/24/32 (2)(5) | &nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 |
| **Insurance 1.0%** |  |  |
| Acrisure, FRN, 1M TSFR + 3.25%, 6.923%, 6/21/32 | 219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;212 |
| Alera Group, FRN, 1M TSFR + 5.50%, 9.173%, 5/30/33 | 880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;861 |
| Alera Group, FRN, 1M TSFR + 2.75%, 6.423%, 5/30/32 | 145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137 |
| Alliant Holdings Intermediate, FRN, 1M TSFR + 2.50%, 6.173%, 9/19/31 | 650 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635 |
| Asurion, FRN, 1M TSFR + 5.25%, 9.037%, 1/20/29 | 287 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286 |
| Asurion, B-13, FRN, 1M TSFR + 4.25%, 7.923%, 9/19/30 | 159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159 |
| HUB International, FRN, 3M TSFR + 2.25%, 5.92%, 6/20/30 | 697 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;689 |
| Jones DesLauriers Insurance Management, FRN, 3M TSFR + 3.00%, 6.664%, 2/2/33 | 604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 |
| OneDigital Borrower, FRN, 1M TSFR + 5.25%, 8.923%, 7/2/32 | 833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830 |
| OneDigital Borrower, FRN, 1M TSFR + 3.00%, 6.673%, 7/2/31 | 344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331 |
| Truist Insurance Holdings, FRN, 3M TSFR + 4.75%, 8.422%, 5/6/32 | 535 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530 |
| Truist Insurance Holdings, FRN, 3M TSFR + 2.75%, 6.422%, 5/6/31 | 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 |
|  |  | &nbsp;&nbsp;&nbsp;5395 |
| Total Financial Institutions |  | &nbsp;&nbsp;&nbsp;6035 |
| **INDUSTRIAL 4.9%** |  |  |
| **Basic Industry 0.0%** |  |  |
| Arsenal AIC Parent, FRN, 1M TSFR + 2.75%, 6.423%, 8/18/30 | 174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 |
| **Capital Goods 1.0%** |  |  |
| Charter NEX US, FRN, 1M TSFR + 2.50%, 6.171%, 11/29/30 | 831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;830 |
| CPM Holdings, FRN, 1M TSFR + 4.50%, 8.171%, 9/28/28 | 278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273 |
| Engineered Machinery Holdings, FRN, 3M TSFR + 6.00%, 9.934%, 5/21/29 (2) | 646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;649 |
| Filtration Group, FRN, 1M TSFR + 2.75%, 6.423%, 10/21/28 | 492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492 |
| LTI Holdings, FRN, 1M TSFR + 3.75%, 7.423%, 7/29/29 | 579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 |
| MI Windows & Doors, FRN, 1M TSFR + 2.75%, 6.423%, 3/28/31 | 187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;186 |
| Pro Mach Group, FRN, 1M TSFR + 2.75%, 6.423%, 10/15/32 | 265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Quikrete Holdings, FRN, 1M TSFR + 2.25%, 5.923%, 1/30/32 | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;265 |
| Resilience Parent, FRN, 1M TSFR + 2.50%, 1/22/33 (5) | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp;244 |
| Resilience Parent, FRN, 1M TSFR + 2.50%, 1/22/33 (5) | 1085 | 1074 |
| TK Elevator Midco, FRN, 1M TSFR + 2.75%, 4/30/30 (5) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;100 |
| TK Elevator Midco GmbH, FRN, 6M TSFR + 2.75%, 6.377%, 4/30/30 | &nbsp;&nbsp;&nbsp;&nbsp;465 | &nbsp;&nbsp;&nbsp;&nbsp;465 |
| TransDigm, FRN, 1M TSFR + 2.50%, 6.173%, 8/19/32 | &nbsp;&nbsp;&nbsp;&nbsp;249 | &nbsp;&nbsp;&nbsp;&nbsp;249 |
| TransDigm, FRN, 1M TSFR + 2.50%, 6.16%, 2/10/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 |
|  |  | 5756 |
| **Communications 0.7%** |  |  |
| BCPE Pequod Buyer, FRN, 3M TSFR + 2.75%, 6.417%, 11/25/31 | &nbsp;&nbsp;&nbsp;&nbsp;274 | &nbsp;&nbsp;&nbsp;&nbsp;264 |
| Clear Channel Outdoor Holdings, FRN, 1M TSFR + 4.00%, 7.787%, 8/21/28 | &nbsp;&nbsp;&nbsp;&nbsp;358 | &nbsp;&nbsp;&nbsp;&nbsp;359 |
| CMG Media, FRN, 3M TSFR + 3.50%, 7.272%, 6/18/29 | &nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp;372 |
| Connect Finco, FRN, 1M TSFR + 4.50%, 8.173%, 9/27/29 | &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;163 |
| CSC Holdings, FRN, 3M TSFR + 1.50%, 6.45%, 4/15/27 | &nbsp;&nbsp;&nbsp;&nbsp;699 | &nbsp;&nbsp;&nbsp;&nbsp;603 |
| DirecTV Financing, FRN, 3M TSFR + 5.50%, 9.167%, 2/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;211 | &nbsp;&nbsp;&nbsp;&nbsp;211 |
| EW Scripps, FRN, 1M TSFR + 5.75%, 9.532%, 6/30/28 | &nbsp;&nbsp;&nbsp;&nbsp;139 | &nbsp;&nbsp;&nbsp;&nbsp;140 |
| EW Scripps, FRN, 1M TSFR + 3.35%, 7.132%, 11/30/29 | &nbsp;&nbsp;&nbsp;&nbsp;252 | &nbsp;&nbsp;&nbsp;&nbsp;244 |
| iHeartCommunications, FRN, 1M TSFR + 5.78%, 9.562%, 5/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;155 |
| Lamar Media, FRN, 1M TSFR + 1.50%, 5.176%, 9/23/32 | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp;170 |
| Level 3 Financing, FRN, 1M TSFR + 3.25%, 6.923%, 3/29/32 | &nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;731 |
| Radiate Holdco, FRN, (1.50% PIK and 1M TSFR + 3.50% cash), 7.287%, 9/25/29 (6) | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;156 |
| Radiate Holdco, Closing Date Term Loan, FRN, 1M TSFR + 4.00%, 7.673%, 6/26/29 (2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 |
| Radiate Holdco, Delayed Draw Term Commitment, FRN, 1M TSFR + 4.00%, 3.558%, 6/26/29 (2)(7) | &nbsp;&nbsp;&nbsp;&nbsp;118 | &nbsp;&nbsp;&nbsp;&nbsp;118 |
| Sinclair Television Group, FRN, 1M TSFR + 3.30%, 7.087%, 12/31/29 | &nbsp;&nbsp;&nbsp;&nbsp;119 | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| Townsquare Media, FRN, 6M TSFR + 5.00%, 8.587%, 2/19/30 | &nbsp;&nbsp;&nbsp;&nbsp;162 | &nbsp;&nbsp;&nbsp;&nbsp;120 |
| ViaSat, FRN, 1M TSFR + 4.50%, 8.287%, 3/2/29 | &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;163 |
|  |  | 4109 |
| **Consumer Cyclical 0.6%** |  |  |
| Autokiniton US Holdings, FRN, 1M TSFR + 4.00%, 7.787%, 4/6/28 | &nbsp;&nbsp;&nbsp;&nbsp;461 | &nbsp;&nbsp;&nbsp;&nbsp;459 |
| Caesars Entertainment, FRN, 1M TSFR + 2.25%, 5.923%, 2/6/30 | &nbsp;&nbsp;&nbsp;&nbsp;143 | &nbsp;&nbsp;&nbsp;&nbsp;142 |
| Clarios Global, FRN, 1M TSFR + 2.75%, 6.423%, 1/28/32 | &nbsp;&nbsp;&nbsp;&nbsp;389 | &nbsp;&nbsp;&nbsp;&nbsp;388 |
| Delta 2 (LUX), FRN, 3M TSFR + 1.75%, 5.422%, 9/10/31 | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;195 |
| EG America, FRN, 1M TSFR + 3.25%, 6.923%, 2/10/31 | &nbsp;&nbsp;&nbsp;&nbsp;298 | &nbsp;&nbsp;&nbsp;&nbsp;297 |
| EOC Borrower, FRN, 1M TSFR + 2.75%, 6.423%, 3/24/32 | &nbsp;&nbsp;&nbsp;&nbsp;239 | &nbsp;&nbsp;&nbsp;&nbsp;238 |
| IRB Holding, FRN, 1M TSFR + 2.50%, 6.173%, 12/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;226 | &nbsp;&nbsp;&nbsp;&nbsp;225 |
| Loire Finco Luxembourg, FRN, 1M TSFR + 4.00%, 7.673%, 1/21/30 | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;248 |
| Ontario Gaming GTA, FRN, 3M TSFR + 4.25%, 7.922%, 8/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;114 |
| TKO Worldwide Holdings, FRN, 3M TSFR + 2.00%, 5.664%, 11/21/31 | &nbsp;&nbsp;&nbsp;&nbsp;427 | &nbsp;&nbsp;&nbsp;&nbsp;427 |
| Wand NewCo 3, FRN, 1M TSFR + 2.50%, 6.173%, 1/30/31 | &nbsp;&nbsp;&nbsp;&nbsp;279 | &nbsp;&nbsp;&nbsp;&nbsp;277 |
|  |  | 3010 |
| **Consumer Non-Cyclical 0.7%** |  |  |
| Bausch & Lomb, FRN, 1M TSFR + 3.75%, 7.423%, 1/15/31 | &nbsp;&nbsp;&nbsp;&nbsp;650 | &nbsp;&nbsp;&nbsp;&nbsp;649 |
| Bausch Health, FRN, 1M TSFR + 6.25%, 9.923%, 10/8/30 | &nbsp;&nbsp;&nbsp;&nbsp;453 | &nbsp;&nbsp;&nbsp;&nbsp;440 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Hologic, FRN, 1M TSFR + 2.25%, 1/14/33 (5) | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;454 |
| Hopper Merger Sub, FRN, 1/5/34 (2)(5) | &nbsp;&nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;&nbsp;950 |
| LifePoint Health, FRN, 3M TSFR + 3.75%, 7.422%, 5/17/31 | &nbsp;&nbsp;&nbsp;&nbsp;351 | &nbsp;&nbsp;&nbsp;&nbsp;351 |
| Medline Borrower, FRN, 1M TSFR + 1.75%, 5.423%, 10/23/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 |
| Medline Borrower, FRN, 1M TSFR + 1.75%, 5.423%, 10/23/30 | &nbsp;&nbsp;&nbsp;&nbsp;338 | &nbsp;&nbsp;&nbsp;&nbsp;339 |
| Opal Bidco, FRN, 3M TSFR + 3.00%, 6.686%, 4/28/32 | &nbsp;&nbsp;&nbsp;&nbsp;653 | &nbsp;&nbsp;&nbsp;&nbsp;652 |
| Paradigm Parent, FRN, 3M TSFR + 4.50%, 8.172%, 4/16/32 | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;146 |
|  |  | 4016 |
| **Energy 0.2%** |  |  |
| Hilcorp Energy I, FRN, 1M TSFR + 1.75%, 5.417%, 2/11/30 (2) | &nbsp;&nbsp;&nbsp;&nbsp;812 | &nbsp;&nbsp;&nbsp;&nbsp;811 |
| Prairie ECI Acquiror, FRN, 1M TSFR + 3.25%, 6.923%, 8/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;153 | &nbsp;&nbsp;&nbsp;&nbsp;153 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;964 |
| **Industrial Other 0.1%** |  |  |
| Albion Financing 3, FRN, 3M TSFR + 3.00%, 6.664%, 5/21/31 | &nbsp;&nbsp;&nbsp;&nbsp;258 | &nbsp;&nbsp;&nbsp;&nbsp;258 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;258 |
| **Technology 1.5%** |  |  |
| Applied Systems, FRN, 3M TSFR + 4.50%, 8.172%, 2/23/32 | 1081 | 1063 |
| Applied Systems, FRN, 1M TSFR + 2.25%, 5.924%, 2/24/31 | &nbsp;&nbsp;&nbsp;&nbsp;843 | &nbsp;&nbsp;&nbsp;&nbsp;825 |
| Athenahealth Group, FRN, 1M TSFR + 2.75%, 6.423%, 2/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;274 | &nbsp;&nbsp;&nbsp;&nbsp;267 |
| Avalara, FRN, 3M TSFR + 2.75%, 6.422%, 3/26/32 | &nbsp;&nbsp;&nbsp;&nbsp;568 | &nbsp;&nbsp;&nbsp;&nbsp;526 |
| Cloud Software Group, FRN, 3M TSFR + 3.25%, 6.922%, 3/21/31 | &nbsp;&nbsp;&nbsp;&nbsp;343 | &nbsp;&nbsp;&nbsp;&nbsp;318 |
| Cloud Software Group, FRN, 3M TSFR + 3.25%, 6.922%, 8/13/32 | &nbsp;&nbsp;&nbsp;&nbsp;159 | &nbsp;&nbsp;&nbsp;&nbsp;147 |
| Delta TopCo, FRN, 3M TSFR + 5.25%, 8.914%, 11/29/30 | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;375 |
| Disco Parent, FRN, 3M TSFR + 3.00%, 6.673%, 8/6/32 (2) | &nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp;160 |
| Dye & Durham, FRN, 3M TSFR + 4.25%, 8.022%, 4/11/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81 |
| Ellucian Holdings, FRN, 1M TSFR + 2.50%, 6.173%, 10/9/29 | &nbsp;&nbsp;&nbsp;&nbsp;188 | &nbsp;&nbsp;&nbsp;&nbsp;182 |
| Ellucian Holdings, FRN, 1M TSFR + 4.75%, 8.423%, 11/22/32 | 1011 | &nbsp;&nbsp;&nbsp;&nbsp;971 |
| Epicor Software, FRN, 1M TSFR + 2.50%, 6.173%, 5/30/31 | &nbsp;&nbsp;&nbsp;&nbsp;388 | &nbsp;&nbsp;&nbsp;&nbsp;376 |
| Instructure Holdings, FRN, 3M TSFR + 2.75%, 6.445%, 11/13/31 | &nbsp;&nbsp;&nbsp;&nbsp;269 | &nbsp;&nbsp;&nbsp;&nbsp;254 |
| Kaseya, FRN, 1M TSFR + 5.00%, 8.673%, 3/21/33 | &nbsp;&nbsp;&nbsp;&nbsp;322 | &nbsp;&nbsp;&nbsp;&nbsp;260 |
| McAfee, FRN, 1M TSFR + 3.00%, 6.673%, 3/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;252 | &nbsp;&nbsp;&nbsp;&nbsp;218 |
| Neptune Bidco US, FRN, 3M TSFR + 5.00%, 8.76%, 2/3/33 | &nbsp;&nbsp;&nbsp;&nbsp;360 | &nbsp;&nbsp;&nbsp;&nbsp;338 |
| Project Alpha Intermediate Holding, FRN, 3M TSFR + 5.00%, 8.672%, 5/9/33 | &nbsp;&nbsp;&nbsp;&nbsp;780 | &nbsp;&nbsp;&nbsp;&nbsp;581 |
| QualityTech, FRN, 1M TSFR + 3.50%, 7.173%, 11/4/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
| Sabre GLBL, FRN, 1M TSFR + 6.00%, 9.773%, 11/15/29 | &nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84 |
| Sandisk, FRN, 3M TSFR + 3.00%, 6.669%, 2/20/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 |
| UKG, FRN, 3M TSFR + 2.50%, 6.167%, 2/10/31 | &nbsp;&nbsp;&nbsp;&nbsp;279 | &nbsp;&nbsp;&nbsp;&nbsp;263 |
| Vantor Holdings, FRN, 1M TSFR + 4.50%, 2/28/33 (5) | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp;364 |
| X, FRN, 6M TSFR + 6.50%, 10.448%, 10/26/29 | &nbsp;&nbsp;&nbsp;&nbsp;339 | &nbsp;&nbsp;&nbsp;&nbsp;340 |
| X, 9.50%, 10/26/29 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;288 |
| X.AI, FRN, 12.50%, 6/28/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59 |
|  |  | 8414 |
| **Transportation 0.1%** |  |  |
| American Airlines, FRN, 3M TSFR + 2.25%, 5.918%, 4/20/28 | &nbsp;&nbsp;&nbsp;&nbsp;419 | &nbsp;&nbsp;&nbsp;&nbsp;418 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Bettcher Industries, FRN, 3M TSFR + 4.00%, 7.672%, 12/14/28 | 183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602 |
| Total Industrial |  | 27303 |
| **UTILITY 0.2%** |  |  |
| **Electric 0.2%** |  |  |
| Cogentrix Finance Holdco I, FRN, 1M TSFR + 2.25%, 5.923%, 2/26/32 | 156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 |
| Cornerstone Generation, FRN, 3M TSFR + 2.25%, 5.917%, 8/11/32 | 289 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289 |
| Talen Energy Supply, FRN, 3M TSFR + 2.50%, 6.153%, 5/17/30 | 432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;433 |
| Talen Energy Supply, FRN, 3M TSFR + 2.50%, 6.153%, 12/15/31 | 193 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193 |
| Talen Energy Supply, FRN, 3M TSFR + 2.00%, 5.672%, 11/25/32 | 195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;195 |
|  |  | &nbsp;&nbsp;&nbsp;1265 |
| Total Utility |  | &nbsp;&nbsp;&nbsp;1265 |
| **Total Bank Loans<br> (Cost $35,462)** |  | **34603** |
| **BOND FUNDS 0.4%** | **BOND FUNDS 0.4%** | **BOND FUNDS 0.4%** |
| **Mutual Funds 0.4%** |  |  |
| T. Rowe Price Institutional Floating Rate Fund - Z Class, 7.01% (8)(9) | 275 | &nbsp;&nbsp;&nbsp;2537 |
| **Total Bond Funds<br> (Cost $2,600)** |  | &nbsp;&nbsp;&nbsp;**2537** |
| **COMMON STOCKS 0.0%** | **COMMON STOCKS 0.0%** | **COMMON STOCKS 0.0%** |
| **INDUSTRIAL 0.0%** |  |  |
| **Consumer Cyclical 0.0%** |  |  |
| Luxco (EUR) (10) | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| Total Industrial |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| **Total Common Stocks<br> (Cost $16)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17** |
| **CONVERTIBLE BONDS 0.1%** | **CONVERTIBLE BONDS 0.1%** | **CONVERTIBLE BONDS 0.1%** |
| **INDUSTRIAL 0.1%** |  |  |
| **Communications 0.1%** |  |  |
| Cable One, Zero Coupon, 3/15/26 | 195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194 |
| Cable One, 1.125%, 3/15/28 | 180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334 |
| **Consumer Cyclical 0.0%** |  |  |
| Rivian Automotive, 4.625%, 3/15/29 | &nbsp;&nbsp;&nbsp;45 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49 |
| Total Industrial |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;383 |
| **Total Convertible Bonds<br> (Cost $397)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**383** |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| **CONVERTIBLE PREFERRED STOCKS 0.2%** | **CONVERTIBLE PREFERRED STOCKS 0.2%** | **CONVERTIBLE PREFERRED STOCKS 0.2%** |
| **FINANCIAL INSTITUTIONS 0.0%** |  |  |
| **Brokerage Asset Managers Exchanges 0.0** |  |  |
| Ares Management, Series B, 6.75%, 10/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;102 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;102 |
| Total Financial Institutions |  | &nbsp;&nbsp;&nbsp;&nbsp;102 |
| **INDUSTRIAL 0.1%** |  |  |
| **Capital Goods 0.0** |  |  |
| Boeing, 6.00%, 10/15/27 (11) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 | &nbsp;&nbsp;&nbsp;&nbsp;162 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;162 |
| **Consumer Non-Cyclical 0.1** |  |  |
| Keurig Dr Pepper, Series A, PIPE , Acquisition Date: 12/24/25, Cost $334 (2)(3)(7)(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;327 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;327 |
| Total Industrial |  | &nbsp;&nbsp;&nbsp;&nbsp;489 |
| **MISCELLANEOUS 0.1%** |  |  |
| **Miscellaneous 0.1** |  |  |
| Acrisure, Series A-2 , Acquisition Date: 5/20/25, Cost $400 (2)(3)(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 | &nbsp;&nbsp;&nbsp;&nbsp;400 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;400 |
| Total Miscellaneous |  | &nbsp;&nbsp;&nbsp;&nbsp;400 |
| **UTILITY 0.0%** |  |  |
| **Electric 0.0** |  |  |
| Southern, Series A, 7.125%, 12/15/28 (10)(11) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;173 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;173 |
| Total Utility |  | &nbsp;&nbsp;&nbsp;&nbsp;173 |
| **Total Convertible Preferred Stocks<br> (Cost $1,138)** |  | **1164** |
| **CORPORATE BONDS 17.0%** | **CORPORATE BONDS 17.0%** | **CORPORATE BONDS 17.0%** |
| **FINANCIAL INSTITUTIONS 4.8%** |  |  |
| **Banking 1.6%** |  |  |
| Bank of America, VR, 5.162%, 1/24/31 (11)(12) | &nbsp;&nbsp;&nbsp;&nbsp;795 | &nbsp;&nbsp;&nbsp;&nbsp;825 |
| Bank of America, VR, 5.464%, 5/9/36 (12) | &nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;445 |
| Bank of America, VR, 5.468%, 1/23/35 (12) | &nbsp;&nbsp;&nbsp;&nbsp;477 | &nbsp;&nbsp;&nbsp;&nbsp;500 |
| Bank of America, VR, 5.511%, 1/24/36 (12) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58 |
| Barclays, VR, 5.367%, 2/25/31 (12) | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;545 |
| Barclays, VR, 5.785%, 2/25/36 (12) | &nbsp;&nbsp;&nbsp;&nbsp;215 | &nbsp;&nbsp;&nbsp;&nbsp;225 |
| CaixaBank, VR, 6.037%, 6/15/35 (1)(12) | 1000 | 1073 |
| Citigroup, VR, 4.952%, 5/7/31 (12) | &nbsp;&nbsp;&nbsp;&nbsp;825 | &nbsp;&nbsp;&nbsp;&nbsp;847 |
| Citigroup, VR, 5.174%, 9/11/36 (12) | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;285 |
| Citigroup, VR, 5.333%, 3/27/36 (12) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;278 |
| Fifth Third Bancorp, VR, 5.141%, 1/29/37 (12) | &nbsp;&nbsp;&nbsp;&nbsp;485 | &nbsp;&nbsp;&nbsp;&nbsp;486 |
| Ipoteka-Bank ATIB, 6.45%, 10/9/30 (11) | &nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;545 |
| JPMorgan Chase, VR, 4.81%, 10/22/36 (12) | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;349 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Morgan Stanley, VR, 5.32%, 7/19/35 (12) | 135 | &nbsp;&nbsp;&nbsp;&nbsp;140 |
| PNC Financial Services Group, VR, 5.373%, 7/21/36 (12) | 200 | &nbsp;&nbsp;&nbsp;&nbsp;207 |
| Societe Generale, VR, 5.50%, 4/13/29 (1)(12) | 800 | &nbsp;&nbsp;&nbsp;&nbsp;821 |
| Societe Generale, VR, 6.691%, 1/10/34 (1)(12) | 575 | &nbsp;&nbsp;&nbsp;&nbsp;631 |
| Toronto-Dominion Bank, 4.928%, 10/15/35 | 320 | &nbsp;&nbsp;&nbsp;&nbsp;323 |
| Wells Fargo, VR, 2.572%, 2/11/31 (12) | 115 | &nbsp;&nbsp;&nbsp;&nbsp;108 |
| Wells Fargo, VR, 6.491%, 10/23/34 (12) | 410 | &nbsp;&nbsp;&nbsp;&nbsp;455 |
|  |  | 9146 |
| **Brokerage Asset Managers Exchanges 0.2%** |  |  |
| Hightower Holding, 9.125%, 1/31/30 (1) | 145 | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| Jane Street Group, 7.125%, 4/30/31 (1) | 270 | &nbsp;&nbsp;&nbsp;&nbsp;280 |
| Jane Street Group / JSG Finance, 6.125%, 11/1/32 (1) | 165 | &nbsp;&nbsp;&nbsp;&nbsp;165 |
| Jane Street Group / JSG Finance, 6.75%, 5/1/33 (1) | 485 | &nbsp;&nbsp;&nbsp;&nbsp;498 |
| LPL Holdings, 5.65%, 3/15/35 | &nbsp;&nbsp;&nbsp;62 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 |
| Osaic Holdings, 8.00%, 8/1/33 (1) | 155 | &nbsp;&nbsp;&nbsp;&nbsp;155 |
|  |  | 1311 |
| **Finance Companies 0.7%** |  |  |
| Ares Strategic Income Fund, 5.45%, 9/9/28 (1) | 150 | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| Blackstone Secured Lending Fund, 5.25%, 9/4/29 (13) | 175 | &nbsp;&nbsp;&nbsp;&nbsp;174 |
| Blue Owl GP Stakes, 4.88%, 10/30/28, Acquisition Date: 10/9/25, Cost $430 (2)(3) | 430 | &nbsp;&nbsp;&nbsp;&nbsp;430 |
| Cobra AcquisitionCo, 12.25%, 11/1/29 (1) | 105 | &nbsp;&nbsp;&nbsp;&nbsp;107 |
| Golub Capital Private Credit Fund, 5.875%, 5/1/30 | 858 | &nbsp;&nbsp;&nbsp;&nbsp;858 |
| Midcap Financial Issuer Trust, 3M TSFR + 2.05%, 5.722%, 4/15/29, Acquisition Date: 12/22/25, Cost $550 (1)(3) | 550 | &nbsp;&nbsp;&nbsp;&nbsp;551 |
| Midcap Financial Issuer Trust, 6.50%, 5/1/28 (1) | 400 | &nbsp;&nbsp;&nbsp;&nbsp;397 |
| Navient, 7.875%, 6/15/32 (11) | 206 | &nbsp;&nbsp;&nbsp;&nbsp;192 |
| Navient, 9.375%, 7/25/30 | 400 | &nbsp;&nbsp;&nbsp;&nbsp;405 |
| Navient, 11.50%, 3/15/31 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;239 |
| OneMain Finance, 7.50%, 5/15/31 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;103 |
| SLM, 5.625%, 8/1/33 | &nbsp;&nbsp;&nbsp;96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79 |
|  |  | 3685 |
| **Financial Other 0.6%** |  |  |
| Aldar Properties PJSC, VR, 6.623%, 4/15/55 (12) | 540 | &nbsp;&nbsp;&nbsp;&nbsp;562 |
| Atlas Warehouse Lending, 4.95%, 11/15/30 (1) | 250 | &nbsp;&nbsp;&nbsp;&nbsp;250 |
| Blackstone Property Partners Europe Holdings, 1.75%, 3/12/29 (EUR) | 540 | &nbsp;&nbsp;&nbsp;&nbsp;617 |
| HA Sustainable Infrastructure Capital, 6.375%, 7/1/34 | 404 | &nbsp;&nbsp;&nbsp;&nbsp;417 |
| HA Sustainable Infrastructure Capital, VR, 7.125%, 11/15/56 (12) | 101 | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| HA Sustainable Infrastructure Capital, VR, 8.00%, 6/1/56 (12) | 329 | &nbsp;&nbsp;&nbsp;&nbsp;347 |
| HAT Holdings I / HAT Holdings II, 3.75%, 9/15/30 (1)(11) | 405 | &nbsp;&nbsp;&nbsp;&nbsp;380 |
| HAT Holdings I / HAT Holdings II, 8.00%, 6/15/27 (1) | &nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 |
| Howard Hughes, 5.875%, 3/1/32 (1) | 222 | &nbsp;&nbsp;&nbsp;&nbsp;222 |
| Howard Hughes, 6.125%, 3/1/34 (1) | 267 | &nbsp;&nbsp;&nbsp;&nbsp;266 |
| Inmobiliaria Vesta, 5.50%, 1/30/33 (1) | 290 | &nbsp;&nbsp;&nbsp;&nbsp;292 |
|  |  | 3496 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| **Insurance 1.2%** |  |  |
| Acrisure / Acrisure Finance, 7.50%, 11/6/30 (1) | &nbsp;&nbsp;&nbsp;25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26 |
| Alliant Holdings Intermediate / Alliant Holdings Co-Issuer, 7.00%, 1/15/31 (1) | 213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216 |
| Alliant Holdings Intermediate / Alliant Holdings Co-Issuer, 7.375%, 10/1/32 (1) | 520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;516 |
| Aspen Insurance Holdings, 5.75%, 7/1/30 | 255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268 |
| Asurion and Asurion Co-Issuer, 8.00%, 12/31/32 (1) | 540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568 |
| Asurion and Asurion Co-Issuer, 8.375%, 2/1/34 (1) | 444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;441 |
| Centene, 4.625%, 12/15/29 | 805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785 |
| Five Corners Funding Trust II, 2.85%, 5/15/30 (1) | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;189 |
| GA Global Funding Trust, 5.50%, 4/1/32 (1) | 700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;710 |
| Health Care Service, 5.875%, 6/15/54 (1) | 565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549 |
| HUB International, 7.25%, 6/15/30 (1) | 280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289 |
| HUB International, 7.375%, 1/31/32 (1) | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255 |
| Jones DesLauriers Insurance Management, 6.875%, 10/1/33 (1) | 455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424 |
| Jones DesLauriers Insurance Management, 7.25%, 10/1/33 (CAD) (1) | 405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292 |
| Jones DesLauriers Insurance Management, 8.50%, 3/15/30 (1) | 160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166 |
| Molina Healthcare, 6.50%, 2/15/31 (1) | &nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 |
| Panther Escrow Issuer, 7.125%, 6/1/31 (1) | 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168 |
| Reinsurance Group of America, 6.00%, 9/15/33 | 243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 |
| UnitedHealth Group, 5.30%, 6/15/35 (11) | 265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276 |
| UnitedHealth Group, 5.95%, 6/15/55 | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 |
|  |  | &nbsp;&nbsp;&nbsp;6648 |
| **Real Estate Investment Trusts 0.5%** |  |  |
| Alexandria Real Estate Equities, 2.00%, 5/18/32 | 104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89 |
| Alexandria Real Estate Equities, 5.25%, 5/15/36 | &nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96 |
| Alexandria Real Estate Equities, 5.50%, 10/1/35 | 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170 |
| Brixmor Operating Partnership, 4.85%, 2/15/33 | &nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86 |
| Brixmor Operating Partnership, 5.20%, 4/1/32 | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;232 |
| Cofinimmo, 0.875%, 12/2/30 (EUR) | 300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;319 |
| FIBRA Prologis, 5.50%, 11/26/35 (1) | 230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233 |
| MPT Operating Partnership / MPT Finance, 0.993%, 10/15/26 (EUR) | 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191 |
| MPT Operating Partnership / MPT Finance, 8.50%, 2/15/32 (1) | 195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209 |
| Praemia Healthcare SACA, 3.875%, 6/5/32 (EUR) | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;238 |
| Realty Income, 5.125%, 4/15/35 | 155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;159 |
| Service Properties Trust, 0.000%, 9/30/28 (1) | 180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164 |
| Service Properties Trust, 8.625%, 11/15/31 (1) | 430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452 |
|  |  | &nbsp;&nbsp;&nbsp;2638 |
| Total Financial Institutions |  | 26924 |
| **INDUSTRIAL 10.4%** |  |  |
| **Basic Industry 0.4%** |  |  |
| Arsenal AIC Parent, 11.50%, 10/1/31 (1) | 160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176 |
| Celanese US Holdings, 7.379%, 7/15/32 | 265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279 |
| GC Treasury Center, VR, 6.50% (1)(12)(14) | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201 |
| Sherwin-Williams, 5.15%, 8/15/35 | 170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| South32 Treasury, 4.35%, 4/14/32 (1) | 1221 | 1205 |
|  |  | 2036 |
| **Capital Goods 0.6%** |  |  |
| Axon Enterprise, 6.125%, 3/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93 |
| Axon Enterprise, 6.25%, 3/15/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;280 |
| Boeing, 3.75%, 2/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;142 | &nbsp;&nbsp;&nbsp;&nbsp;105 |
| Boeing, 6.858%, 5/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;952 | 1092 |
| Quikrete Holdings, 6.375%, 3/1/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;260 |
| Quikrete Holdings, 6.75%, 3/1/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;156 |
| Regal Rexnord, 6.05%, 4/15/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41 |
| Regal Rexnord, 6.30%, 2/15/30 | &nbsp;&nbsp;&nbsp;&nbsp;580 | &nbsp;&nbsp;&nbsp;&nbsp;620 |
| TransDigm, 6.125%, 7/31/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp;173 |
| TransDigm, 6.75%, 1/31/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp;161 |
| TransDigm, 7.125%, 12/1/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp;388 |
| Vertiv Holdings, 5.80%, 3/15/56 (13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 |
|  |  | 3429 |
| **Communications 2.4%** |  |  |
| Altice France, 6.875%, 7/15/32, Acquisition Date: 10/1/25, Cost $144 (1)(3) | &nbsp;&nbsp;&nbsp;&nbsp;152 | &nbsp;&nbsp;&nbsp;&nbsp;146 |
| American Tower, 4.70%, 12/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;197 |
| AT&T, 4.55%, 11/1/32 | &nbsp;&nbsp;&nbsp;&nbsp;335 | &nbsp;&nbsp;&nbsp;&nbsp;337 |
| Axian Telecom Holding & Management, 7.25%, 7/11/30 (1)(11) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;274 |
| Beignet Investor, 6.581%, 5/30/49 (1) | &nbsp;&nbsp;&nbsp;&nbsp;750 | &nbsp;&nbsp;&nbsp;&nbsp;797 |
| CCO Holdings / CCO Holdings Capital, 4.50%, 6/1/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;175 | &nbsp;&nbsp;&nbsp;&nbsp;156 |
| CCO Holdings / CCO Holdings Capital, 7.00%, 2/1/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;&nbsp;&nbsp;240 |
| CCO Holdings / CCO Holdings Capital, 7.375%, 3/1/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;235 | &nbsp;&nbsp;&nbsp;&nbsp;243 |
| Clear Channel Outdoor Holdings, 7.125%, 2/15/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;111 |
| Clear Channel Outdoor Holdings, 7.50%, 6/1/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;163 | &nbsp;&nbsp;&nbsp;&nbsp;164 |
| Clear Channel Outdoor Holdings, 7.50%, 3/15/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86 |
| Clear Channel Outdoor Holdings, 7.75%, 4/15/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp;161 |
| CMG Media, 8.875%, 6/18/29 (1)(11) | &nbsp;&nbsp;&nbsp;&nbsp;405 | &nbsp;&nbsp;&nbsp;&nbsp;356 |
| Connect Finco / Connect US Finco, 9.00%, 9/15/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;212 |
| CSC Holdings, 5.50%, 4/15/27 (1) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;169 |
| CSC Holdings, 11.25%, 5/15/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;158 |
| CSC Holdings, 11.75%, 1/31/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;143 |
| DirecTV Financing, 10.00%, 2/15/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;170 | &nbsp;&nbsp;&nbsp;&nbsp;174 |
| Directv Financing, A1, 8.875%, 2/1/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 |
| DISH DBS, 5.25%, 12/1/26 (1) | &nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;258 |
| DISH DBS, 5.75%, 12/1/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;189 |
| DISH DBS, 7.375%, 7/1/28 | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;174 |
| EchoStar, 10.75%, 11/30/29 | &nbsp;&nbsp;&nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;765 |
| EW Scripps, 9.875%, 8/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;283 |
| Gray Media, 9.625%, 7/15/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;281 |
| Infrastrutture Wireless Italiane, 3.75%, 4/1/30 (EUR) | &nbsp;&nbsp;&nbsp;&nbsp;555 | &nbsp;&nbsp;&nbsp;&nbsp;670 |
| Level 3 Financing, 6.875%, 6/30/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83 |
| Level 3 Financing, 7.00%, 3/31/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;440 | &nbsp;&nbsp;&nbsp;&nbsp;457 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Meta Platforms, 5.50%, 11/15/45 | 455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449 |
| Meta Platforms, 5.625%, 11/15/55 | 800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;783 |
| Midas Opco Holdings, 5.625%, 8/15/29 (1) | 175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;161 |
| NTT Finance, 5.171%, 7/16/32 (1) | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;207 |
| Orange, 5.00%, 1/13/36 (1) | 725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728 |
| SBA Tower Trust, 4.831%, 10/15/29 (1) | 505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512 |
| Sirius XM Radio, 5.875%, 4/15/32 (1)(13) | 280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279 |
| T-Mobile USA, 4.625%, 1/15/33 | 820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;825 |
| T-Mobile USA, 5.00%, 2/15/36 | 800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805 |
| Univision Communications, 8.50%, 7/31/31 (1) | 115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118 |
| Univision Communications, 9.375%, 8/1/32 (1) | 120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127 |
| VEON Holdings, 3.375%, 11/25/27 | 610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585 |
| Viasat, 7.50%, 5/30/31 (1) | 105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 |
| Warnermedia Holdings, 5.05%, 3/15/42 | 275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;193 |
|  |  | 13245 |
| **Consumer Cyclical 1.1%** |  |  |
| Advance Auto Parts, 7.00%, 8/1/30 (1) | 245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251 |
| Advance Auto Parts, 7.375%, 8/1/33 (1) | 240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246 |
| Aptiv Swiss Holdings, 3.10%, 12/1/51 (11) | 830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;541 |
| Carvana, 9.00%, 6/1/31, (14.00% PIK until 8/15/25 then 9.00% Cash to maturity) (1)(6) | 349 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;382 |
| Clarios Global / Clarios US Finance, 6.75%, 2/15/30 (1) | 145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152 |
| eG Global Finance, 12.00%, 11/30/28 (1) | 200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215 |
| Ferrari, 3.625%, 5/21/30 (EUR) | 230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 |
| Flutter Treasury DAC, 5.875%, 6/4/31 (1) | 245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;245 |
| Ford Motor Credit, 5.73%, 9/5/30 | 270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278 |
| General Motors Financial, 5.45%, 1/8/36 (11) | 165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168 |
| General Motors Financial, 6.40%, 1/9/33 | 154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168 |
| GLP Capital / GLP Financing II, 5.25%, 2/15/33 | 550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556 |
| Hyundai Capital America, 5.40%, 1/8/31 (1) | 150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157 |
| Match Group Holdings II, 6.125%, 9/15/33 (1) | 234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233 |
| NFL, 4.78%, 10/5/30, Acquisition Date: 6/27/25, Cost $335 (2)(3) | 335 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335 |
| Nissan Motor, 7.50%, 7/17/30 (1) | 215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227 |
| Nissan Motor Acceptance, 6.125%, 9/30/30 (1) | 220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220 |
| Ontario Gaming GTA, 8.00%, 8/1/30 (1) | 115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111 |
| PetSmart / PetSmart Finance, 7.50%, 9/15/32 (1) | 250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253 |
| Rivian Holdings / Rivian / Rivian Automotive, 10.00%, 1/15/31 (1) | 645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610 |
| Six Flags Entertainment / Canada's Wonderland / Millennium Operations, 8.625%, 1/15/32 (1) | 170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172 |
| Voyager Parent, 9.25%, 7/1/32 (1) | 225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240 |
| Wand NewCo 3, 7.625%, 1/30/32 (1) | 140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 |
| Yum! Brands, 5.375%, 4/1/32 | 100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102 |
|  |  | &nbsp;&nbsp;&nbsp;6288 |
| **Consumer Non-Cyclical 1.7%** |  |  |
| 1261229 BC, 10.00%, 4/15/32 (1) | 440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;457 |
| AbbVie, 5.40%, 3/15/54 | 765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;751 |
| BAT Capital, 5.35%, 8/15/32 | 320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Bon Secours Mercy Health, 3.464%, 6/1/30 | 200 | &nbsp;&nbsp;&nbsp;&nbsp;197 |
| CHS / Community Health Systems, 10.875%, 1/15/32 (1) | 259 | &nbsp;&nbsp;&nbsp;&nbsp;281 |
| Cigna Group, 4.50%, 9/15/30 | 160 | &nbsp;&nbsp;&nbsp;&nbsp;162 |
| CommonSpirit Health, 2.782%, 10/1/30 | &nbsp;&nbsp;&nbsp;48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45 |
| CVS Health, 5.625%, 2/21/53 | 630 | &nbsp;&nbsp;&nbsp;&nbsp;600 |
| CVS Health, VR, 6.75%, 12/10/54 (12) | 738 | &nbsp;&nbsp;&nbsp;&nbsp;769 |
| CVS Health, VR, 7.00%, 3/10/55 (12) | 176 | &nbsp;&nbsp;&nbsp;&nbsp;185 |
| Galderma Finance Europe, 3.50%, 3/20/30 (EUR) | 230 | &nbsp;&nbsp;&nbsp;&nbsp;277 |
| Health & Happiness H&H International Holdings, 9.125%, 7/24/28 | 850 | &nbsp;&nbsp;&nbsp;&nbsp;898 |
| Icon Investments Six DAC, 6.00%, 5/8/34 | 587 | &nbsp;&nbsp;&nbsp;&nbsp;603 |
| Imperial Brands Finance, 5.625%, 7/1/35 (1) | 530 | &nbsp;&nbsp;&nbsp;&nbsp;548 |
| Imperial Brands Finance, 6.375%, 7/1/55 (1) | 300 | &nbsp;&nbsp;&nbsp;&nbsp;311 |
| LifePoint Health, 10.00%, 6/1/32 (1)(11) | 538 | &nbsp;&nbsp;&nbsp;&nbsp;564 |
| LifePoint Health, 11.00%, 10/15/30 (1) | 300 | &nbsp;&nbsp;&nbsp;&nbsp;326 |
| Medline Borrower, 6.25%, 4/1/29 (1) | 165 | &nbsp;&nbsp;&nbsp;&nbsp;170 |
| Newell Brands, 6.625%, 5/15/32 (11) | 115 | &nbsp;&nbsp;&nbsp;&nbsp;115 |
| Newell Brands, 8.50%, 6/1/28 (1) | 139 | &nbsp;&nbsp;&nbsp;&nbsp;146 |
| Organon / Organon Foreign Debt Co-Issuer, 5.125%, 4/30/31 (1) | 200 | &nbsp;&nbsp;&nbsp;&nbsp;177 |
| Paradigm Parent & Paradigm Parent Co-Issuer, 8.75%, 4/17/32 (1) | 165 | &nbsp;&nbsp;&nbsp;&nbsp;143 |
| Solventum, 5.90%, 4/30/54 | 434 | &nbsp;&nbsp;&nbsp;&nbsp;434 |
| Sutter Health, Series 2025, 5.213%, 8/15/32 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;131 |
| Sutter Health, Series 2025, 5.537%, 8/15/35 | 390 | &nbsp;&nbsp;&nbsp;&nbsp;415 |
| Tenet Healthcare, 6.00%, 11/15/33 (1) | &nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 |
| Tenet Healthcare, 6.875%, 11/15/31 | 125 | &nbsp;&nbsp;&nbsp;&nbsp;137 |
| Wolfspeed, 15.875%, 6/23/30, (9.88% Cash or 4.00% PIK) (1)(6) | 120 | &nbsp;&nbsp;&nbsp;&nbsp;128 |
|  |  | 9368 |
| **Energy 2.2%** |  |  |
| Aethon III BR, 10.41%, 1/10/27, Acquisition Date: 9/5/25, Cost $328 (2)(3) | 330 | &nbsp;&nbsp;&nbsp;&nbsp;328 |
| Breakwater Energy Holdings, 9.25%, 11/15/30 (1) | 250 | &nbsp;&nbsp;&nbsp;&nbsp;265 |
| Civitas Resources, 8.375%, 7/1/28 (1) | 110 | &nbsp;&nbsp;&nbsp;&nbsp;114 |
| Civitas Resources, 9.625%, 6/15/33 (1) | 375 | &nbsp;&nbsp;&nbsp;&nbsp;415 |
| Comstock Resources, 6.75%, 3/1/29 (1) | 230 | &nbsp;&nbsp;&nbsp;&nbsp;229 |
| Crescent Energy Finance, 7.375%, 1/15/33 (1) | 410 | &nbsp;&nbsp;&nbsp;&nbsp;407 |
| Crescent Energy Finance, 7.625%, 4/1/32 (1) | 105 | &nbsp;&nbsp;&nbsp;&nbsp;106 |
| Crescent Energy Finance, 9.75%, 10/15/30 (1) | 155 | &nbsp;&nbsp;&nbsp;&nbsp;167 |
| Diamondback Energy, 5.40%, 4/18/34 | 425 | &nbsp;&nbsp;&nbsp;&nbsp;442 |
| Diamondback Energy, 5.75%, 4/18/54 | 864 | &nbsp;&nbsp;&nbsp;&nbsp;843 |
| FS Luxembourg, 8.625%, 6/25/33 | 420 | &nbsp;&nbsp;&nbsp;&nbsp;416 |
| Harbour Energy, 6.327%, 4/1/35 (1) | 920 | &nbsp;&nbsp;&nbsp;&nbsp;958 |
| Hilcorp Energy, 8.375%, 11/1/33 (1) | 530 | &nbsp;&nbsp;&nbsp;&nbsp;559 |
| Hilcorp Energy I / Hilcorp Finance, 7.25%, 2/15/35 (1) | 105 | &nbsp;&nbsp;&nbsp;&nbsp;104 |
| Matador Resources, 6.00%, 4/15/34 (1)(13) | 131 | &nbsp;&nbsp;&nbsp;&nbsp;131 |
| Matador Resources, 6.25%, 4/15/33 (1) | 165 | &nbsp;&nbsp;&nbsp;&nbsp;168 |
| NGL Energy Operating / NGL Energy Finance, 8.375%, 2/15/32 (1) | 175 | &nbsp;&nbsp;&nbsp;&nbsp;184 |
| Occidental Petroleum, 6.05%, 10/1/54 | 910 | &nbsp;&nbsp;&nbsp;&nbsp;906 |
| Occidental Petroleum, 6.20%, 3/15/40 | 366 | &nbsp;&nbsp;&nbsp;&nbsp;382 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Permian Resources Operating, 6.25%, 2/1/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165 |
| Permian Resources Operating, 9.875%, 7/15/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116 |
| Prairie Acquiror, 9.00%, 8/1/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198 |
| Raizen Fuels Finance, 6.25%, 7/8/32 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;188 |
| Raizen Fuels Finance, 6.45%, 3/5/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241 |
| Range Resources, 4.75%, 2/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94 |
| Sunoco, 7.25%, 5/1/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148 |
| Tallgrass Energy Partners, 7.375%, 2/15/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145 |
| Targa Resources, 5.55%, 8/15/35 | 1220 | &nbsp;&nbsp;&nbsp;1264 |
| Targa Resources Partners / Targa Resources Partners Finance, 5.50%, 3/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43 |
| Thaioil Treasury Center, VR, 6.10% (1)(12)(14) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;201 |
| TPI Composites, 10.00%, 12/6/26, Acquisition Date: 1/6/26, Cost $21 (2)(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| Transocean, 7.875%, 10/15/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 |
| Transocean, 8.25%, 5/15/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88 |
| Transocean, 8.75%, 2/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203 |
| Transocean Aquila, 8.00%, 9/30/28 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63 |
| Vaca Muerta Sur Oil Pipeline, 9.335%, 7/8/30, Acquisition Date: 12/1/25, Cost $289 (3) | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 |
| Venture Global LNG, VR, 9.00% (1)(12)(14) | &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560 |
| Venture Global LNG, 9.50%, 2/1/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263 |
| Venture Global Plaquemines LNG, 6.125%, 12/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93 |
| Venture Global Plaquemines LNG, 6.50%, 1/15/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142 |
| Venture Global Plaquemines LNG, 7.50%, 5/1/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166 |
| Venture Global Plaquemines LNG, 7.75%, 5/1/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397 |
|  |  | 12257 |
| **Industrial Other 0.0%** |  |  |
| Albion Financing 1 / Aggreko Holdings, 7.00%, 5/21/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209 |
| **Technology 1.9%** |  |  |
| Alphabet, 5.65%, 2/15/56 | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281 |
| Broadcom, 4.55%, 2/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;354 |
| Cloud Software Group, 8.25%, 6/30/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 |
| Cloud Software Group, 9.00%, 9/30/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512 |
| Dye & Durham, 8.625%, 4/15/29 (1)(11) | &nbsp;&nbsp;&nbsp;&nbsp;180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150 |
| Fiserv, 4.55%, 2/15/31 | 1385 | &nbsp;&nbsp;&nbsp;1381 |
| Foundry JV Holdco, 6.10%, 1/25/36 (1) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;213 |
| Foundry JV Holdco, 6.20%, 1/25/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214 |
| Foundry JV Holdco, 6.40%, 1/25/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 |
| JSC Kaspi.kz, 6.25%, 3/26/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828 |
| Marvell Technology, 5.45%, 7/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623 |
| McAfee, 7.375%, 2/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233 |
| Minerva Merger, 6.50%, 2/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226 |
| Motorola Solutions, 5.40%, 4/15/34 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157 |
| Neptune Bidco, 9.29%, 4/15/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 |
| Neptune Bidco, 10.375%, 5/15/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545 |
| Neptune Bidco US, 9.50%, 2/15/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Oracle, 5.20%, 9/26/35 | &nbsp;&nbsp;&nbsp;&nbsp;580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;561 |
| Oracle, 5.95%, 9/26/55 | 1155 | &nbsp;&nbsp;&nbsp;1016 |
| Oracle, 6.85%, 2/4/66 | &nbsp;&nbsp;&nbsp;&nbsp;445 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427 |
| Paychex, 5.60%, 4/15/35 (11) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205 |
| Sabre GLBL, 10.75%, 11/15/29 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Stripe, Series A, 5.04%, 9/26/30, Acquisition Date: 9/16/25, Cost $570 (2)(3) | &nbsp;&nbsp;&nbsp;&nbsp;570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570 |
| Synopsys, 5.70%, 4/1/55 | &nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 |
| UKG, 6.875%, 2/1/31 (1) | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 |
| WULF Compute, 7.75%, 10/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;370 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392 |
| X.AI / X.AI Co Issuer, 12.50%, 6/30/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114 |
|  |  | 10285 |
| **Transportation 0.1%** |  |  |
| Avis Budget Car Rental / Avis Budget Finance, 8.25%, 1/15/30 (1)(11) | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147 |
| Heathrow Funding, 1.875%, 3/14/36 (EUR) | &nbsp;&nbsp;&nbsp;&nbsp;459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;476 |
| Heathrow Funding, 3.875%, 1/16/38 (EUR) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;741 |
| Total Industrial |  | 57858 |
| **UTILITY 1.8%** |  |  |
| **Electric 1.7%** |  |  |
| AES, 5.80%, 3/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709 |
| AES Andes, 6.25%, 3/14/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;281 |
| Alpha Generation, 6.75%, 10/15/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239 |
| CFE Fibra E, 5.875%, 9/23/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198 |
| Chile Electricity Lux Mpc II, 5.58%, 10/20/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202 |
| CHPE, 5.65%, 9/30/35, Acquisition Date: 8/22/25, Cost $200 (2)(3) | &nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 |
| FirstEnergy, 2.25%, 9/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68 |
| FirstEnergy, 2.65%, 3/1/30 | &nbsp;&nbsp;&nbsp;&nbsp;390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368 |
| FirstEnergy Transmission, 5.00%, 1/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152 |
| Kentucky Utilities, 5.85%, 8/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 |
| Louisville Gas & Electric, 5.85%, 8/15/55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61 |
| Niagara Mohawk Power, 4.647%, 10/3/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;355 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361 |
| NRG Energy, 6.00%, 1/15/36 (1) | &nbsp;&nbsp;&nbsp;&nbsp;245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249 |
| Pacific Gas and Electric, 3.50%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 |
| Pacific Gas and Electric, 4.95%, 7/1/50 | &nbsp;&nbsp;&nbsp;&nbsp;205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177 |
| Pacific Gas and Electric, 5.05%, 10/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591 |
| Pacific Gas and Electric, 5.90%, 10/1/54 | &nbsp;&nbsp;&nbsp;&nbsp;134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130 |
| PacifiCorp, VR, 7.125%, 8/15/56 (12) | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309 |
| PG&E, VR, 6.85%, 9/15/56 (12) | &nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 |
| PG&E, VR, 7.375%, 3/15/55 (12) | &nbsp;&nbsp;&nbsp;&nbsp;164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170 |
| Public Service Co of Oklahoma, 5.45%, 1/15/36 | &nbsp;&nbsp;&nbsp;&nbsp;695 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;720 |
| Southern California Edison, 4.80%, 3/15/33 (13) | &nbsp;&nbsp;&nbsp;&nbsp;365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;367 |
| Talen Energy Supply, 6.25%, 2/1/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275 |
| Talen Energy Supply, 6.50%, 2/1/36 (1) | &nbsp;&nbsp;&nbsp;&nbsp;270 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;278 |
| Talen Energy Supply, 8.625%, 6/1/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;289 |
| Vistra, VR, 8.00% (1)(12)(14) | &nbsp;&nbsp;&nbsp;&nbsp;154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Vistra, VR, 8.875% (1)(12)(14) | &nbsp;&nbsp;&nbsp;1520 | &nbsp;&nbsp;&nbsp;1675 |
| Vistra Operations, 5.70%, 12/30/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| Vistra Operations, 6.95%, 10/15/33 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549 |
| XPLR Infrastructure Operating Partners, 7.75%, 4/15/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415 |
|  |  | &nbsp;&nbsp;&nbsp;9695 |
| **Natural Gas 0.1%** |  |  |
| Southern California Gas, 5.45%, 6/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279 |
| Total Utility |  | &nbsp;&nbsp;&nbsp;9974 |
| **Total Corporate Bonds<br> (Cost $93,312)** |  | **94756** |
| **FOREIGN GOVERNMENT OBLIGATIONS & MUNICIPALITIES 4.3%** | **FOREIGN GOVERNMENT OBLIGATIONS & MUNICIPALITIES 4.3%** | **FOREIGN GOVERNMENT OBLIGATIONS & MUNICIPALITIES 4.3%** |
| **Owned No Guarantee 0.6%** |  |  |
| Comision Federal de Electricidad, 6.045%, 1/28/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637 |
| Petroleos Mexicanos, 8.75%, 6/2/29 | &nbsp;&nbsp;&nbsp;1090 | &nbsp;&nbsp;&nbsp;1173 |
| Petroleos Mexicanos, 10.00%, 2/7/33 | &nbsp;&nbsp;&nbsp;1220 | &nbsp;&nbsp;&nbsp;1425 |
|  |  | &nbsp;&nbsp;&nbsp;3235 |
| **Sovereign 2.9%** |  |  |
| Argentina Republic Government International Bonds, 5.00%, 7/9/35 | &nbsp;&nbsp;&nbsp;1230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926 |
| Argentina Republic Government International Bonds, 1.00%, 7/9/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;543 |
| Barbados Government International Bonds, 8.00%, 6/26/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;214 |
| Benin Government International Bonds, 7.96%, 2/13/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294 |
| Brazilian Government International Bonds, 7.25%, 1/12/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;840 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;853 |
| Chile Government International Bonds, 3.10%, 5/7/41 | &nbsp;&nbsp;&nbsp;1065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841 |
| Colombia Government International Bonds, 7.75%, 11/7/36 | &nbsp;&nbsp;&nbsp;1555 | &nbsp;&nbsp;&nbsp;1619 |
| Colombia Government International Bonds, 6.125%, 1/21/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 |
| Colombia Government International Bonds, 6.50%, 1/21/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;556 |
| Costa Rica Government International Bonds, 6.001%, 1/16/36 (EUR) (1) | &nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;1548 |
| Eagle Funding Luxco, 5.50%, 8/17/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602 |
| Ecuador Government International Bonds, 8.75%, 1/29/34 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484 |
| Israel Government International Bonds, 5.50%, 3/12/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607 |
| Israel Government International Bonds, 5.00%, 1/13/36 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399 |
| Ivory Coast Government International Bonds, 8.075%, 4/1/36 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956 |
| Mexico Government International Bonds, 6.125%, 2/9/38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537 |
| Montenegro Government International Bonds, 7.25%, 3/12/31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514 |
| Montenegro Government International Bonds, 7.25%, 3/12/31 (1) | &nbsp;&nbsp;&nbsp;1345 | &nbsp;&nbsp;&nbsp;1441 |
| Romania Government International Bonds, 5.375%, 6/7/33 (EUR) (1)(11) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368 |
| Romania Government International Bonds, 5.75%, 7/4/36 (1)(13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259 |
| Romanian Government International Bonds, 6.625%, 5/16/36 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;881 |
| Sri Lanka Government International Bonds, 9.50%, 5/15/36 (1) | &nbsp;&nbsp;&nbsp;1500 | &nbsp;&nbsp;&nbsp;1497 |
|  |  | 16219 |
| **Treasuries 0.8%** |  |  |
| Brazil Notas do Tesouro Nacional, 10.00%, 1/1/33 (BRL) | 16565 | &nbsp;&nbsp;&nbsp;2776 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Nigeria OMO Bills, 21.342%, 4/21/26 (NGN) | 2474000 | &nbsp;&nbsp;&nbsp;1761 |
|  |  | &nbsp;&nbsp;&nbsp;4537 |
| **Total Foreign Government Obligations & Municipalities<br> (Cost $23,023)** |  | **23991** |
| **MUNICIPAL SECURITIES 0.3%** | **MUNICIPAL SECURITIES 0.3%** | **MUNICIPAL SECURITIES 0.3%** |
| **Puerto Rico 0.3%** |  |  |
| Puerto Rico Commonwealth, Series A1, GO, 5.625%, 7/1/27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
| Puerto Rico Commonwealth, Series A1, GO, 5.625%, 7/1/29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
| Puerto Rico Commonwealth, Series A1, GO, 4.00%, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Puerto Rico Commonwealth, Series A1, GO, 4.00%, 7/1/35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Puerto Rico Commonwealth, Series A1, GO, 4.00%, 7/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Puerto Rico Commonwealth, Series A1, GO, 4.00%, 7/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Puerto Rico Commonwealth, Series A, GO, Zero Coupon, 7/1/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Puerto Rico Commonwealth, Series CW, GO, VR, 11/1/43 (15) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2413 | &nbsp;&nbsp;&nbsp;1647 |
|  |  | &nbsp;&nbsp;&nbsp;1670 |
| **Texas 0.0%** |  |  |
| Port Beaumont Navigation District, Series B, 10.00%, 7/1/26 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135 |
| **Total Municipal Securities<br> (Cost $1,584)** |  | &nbsp;&nbsp;&nbsp;**1805** |
| **NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES 7.7%** | **NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES 7.7%** | **NON-U.S. GOVERNMENT MORTGAGE-BACKED SECURITIES 7.7%** |
| **Collateralized Mortgage Obligations 4.8%** |  |  |
| Angel Oak Mortgage Trust, Series 2022-2, Class A1, CMO, ARM, 3.353%, 1/25/67 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199 |
| Angel Oak Mortgage Trust, Series 2022-6, Class A1, CMO, ARM, 4.30%, 7/25/67 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225 |
| Angel Oak Mortgage Trust, Series 2023-6, Class A2, CMO, ARM, 6.50%, 12/25/67 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75 |
| Angel Oak Mortgage Trust, Series 2025-3, Class A1, CMO, ARM, 5.42%, 3/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;573 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;578 |
| Bayview Opportunity Master Fund VI Trust, Series 2021-6, Class A5, CMO, ARM, 2.50%, 10/25/51 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;439 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 |
| Bayview Opportunity Master Funding, Series 2020-1, Class A3, CMO, ARM, 3.285%, 5/28/50 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 |
| Chase Home Lending Mortgage Trust, Series 2024-RPL4, Class A1B, CMO, ARM, 3.375%, 12/25/64 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP2, Class A3, CMO, ARM, 2.50%, 8/25/50 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69 |
| Citigroup Mortgage Loan Trust, Series 2020-EXP2, Class A4, CMO, ARM, 2.50%, 8/25/50 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;699 |
| COLT Mortgage Loan Trust, Series 2025-8, Class A1, CMO, ARM, 5.48%, 8/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;574 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580 |
| COLT Mortgage Loan Trust, Series 2025-INV2, Class A3, CMO, ARM, 5.954%, 2/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499 |
| Connecticut Avenue Securities Trust, Series 2025-R01, Class 1M1, CMO, ARM, FRN, SOFR30A + 1.10%, 4.767%, 1/25/45 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;533 |
| Connecticut Avenue Securities Trust, Series 2025-R02, Class 1A1, CMO, ARM, FRN, SOFR30A + 1.00%, 4.667%, 2/25/45 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1299 | &nbsp;&nbsp;&nbsp;1300 |
| Cross Mortgage Trust, Series 2024-H6, Class A1, CMO, ARM, 5.129%, 9/25/69 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177 |
| Cross Mortgage Trust, Series 2025-H4, Class A1, CMO, ARM, 5.596%, 6/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1999 | &nbsp;&nbsp;&nbsp;2021 |
| Cross Mortgage Trust, Series 2025-H5, Class A1B, CMO, ARM, 5.509%, 7/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Deephaven Residential Mortgage Trust, Series 2021-2, Class A3, CMO, ARM, 1.26%, 4/25/66 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0 |
| EFMT, Series 2024-INV2, Class A1, CMO, ARM, 5.035%, 10/25/69 (1) | &nbsp;&nbsp;&nbsp;&nbsp;788 | &nbsp;&nbsp;&nbsp;&nbsp;791 |
| EFMT, Series 2024-INV2, Class A2, CMO, ARM, 5.289%, 10/25/69 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84 |
| EFMT, Series 2025-INV1, Class A1, CMO, ARM, 5.626%, 3/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;147 |
| EFMT, Series 2025-INV2, Class A1, CMO, ARM, 5.387%, 5/26/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;259 | &nbsp;&nbsp;&nbsp;&nbsp;262 |
| EFMT, Series 2025-NQM3, Class A1, CMO, ARM, 5.494%, 8/25/70 (1) | 1237 | 1251 |
| Ellington Financial Mortgage Trust, Series 2021-2, Class A3, CMO, ARM, 1.291%, 6/25/66 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Ellington Financial Mortgage Trust, Series 2025-NQM6, Class A1, CMO, ARM, 5.001%, 12/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;147 | &nbsp;&nbsp;&nbsp;&nbsp;148 |
| Freddie Mac STACR REMIC Trust, Series 2025-DNA3, Class M1, CMO, ARM, FRN, SOFR30A + 1.10%, 4.767%, 9/25/45 (1) | &nbsp;&nbsp;&nbsp;&nbsp;366 | &nbsp;&nbsp;&nbsp;&nbsp;366 |
| Freddie Mac STACR REMIC Trust, Series 2025-HQA1, Class A1, CMO, ARM, FRN, SOFR30A + 0.95%, 4.617%, 2/25/45 (1) | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;110 |
| Freddie Mac STACR REMIC Trust, Series 2025-HQA1, Class M1, CMO, ARM, FRN, SOFR30A + 1.15%, 4.817%, 2/25/45 (1) | &nbsp;&nbsp;&nbsp;&nbsp;431 | &nbsp;&nbsp;&nbsp;&nbsp;431 |
| GCAT Trust, Series 2025-NQM1, Class A1, CMO, ARM, 5.373%, 11/25/69 (1) | &nbsp;&nbsp;&nbsp;&nbsp;364 | &nbsp;&nbsp;&nbsp;&nbsp;367 |
| GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A4, CMO, ARM, 2.50%, 2/25/52 (1) | &nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;321 |
| HOMES Trust, Series 2024-AFC1, Class A1, CMO, ARM, 5.224%, 8/25/59 (1) | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;221 |
| HOMES Trust, Series 2025-NQM2, Class A1, CMO, ARM, 5.425%, 2/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;326 | &nbsp;&nbsp;&nbsp;&nbsp;329 |
| HOMES Trust, Series 2026-AFC1, Class A1, CMO, ARM, 4.846%, 2/25/61 (1) | &nbsp;&nbsp;&nbsp;&nbsp;610 | &nbsp;&nbsp;&nbsp;&nbsp;611 |
| Imperial Fund Mortgage Trust, Series 2021-NQM2, Class A1, CMO, ARM, 1.073%, 9/25/56 (1) | &nbsp;&nbsp;&nbsp;&nbsp;724 | &nbsp;&nbsp;&nbsp;&nbsp;628 |
| JP Morgan Mortgage Trust, Series 2016-3, Class B3, CMO, ARM, 3.308%, 10/25/46 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54 |
| JP Morgan Mortgage Trust, Series 2017-2, Class B5, CMO, ARM, 3.654%, 5/25/47 (1) | &nbsp;&nbsp;&nbsp;&nbsp;307 | &nbsp;&nbsp;&nbsp;&nbsp;282 |
| JP Morgan Mortgage Trust, Series 2017-5, Class B2, CMO, ARM, 4.685%, 10/26/48 (1) | &nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp;164 |
| JP Morgan Mortgage Trust, Series 2020-5, Class B2, CMO, ARM, 3.568%, 12/25/50 (1) | &nbsp;&nbsp;&nbsp;&nbsp;172 | &nbsp;&nbsp;&nbsp;&nbsp;156 |
| JP Morgan Mortgage Trust, Series 2020-LTV1, Class B1A, CMO, ARM, 3.23%, 6/25/50 (1) | &nbsp;&nbsp;&nbsp;&nbsp;168 | &nbsp;&nbsp;&nbsp;&nbsp;151 |
| JP Morgan Mortgage Trust, Series 2023-DSC2, Class A1, CMO, ARM, 5.25%, 11/25/63 (1) | &nbsp;&nbsp;&nbsp;&nbsp;160 | &nbsp;&nbsp;&nbsp;&nbsp;163 |
| JP Morgan Mortgage Trust, Series 2025-NQM3, Class A1, CMO, ARM, 5.495%, 11/25/65 (1) | 1188 | 1199 |
| MFA Trust, Series 2022-INV2, Class A1, CMO, ARM, 4.95%, 7/25/57 (1) | &nbsp;&nbsp;&nbsp;&nbsp;298 | &nbsp;&nbsp;&nbsp;&nbsp;297 |
| MFA Trust, Series 2023-INV2, Class A2, CMO, ARM, 7.177%, 10/25/58 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-DSC2, Class A1, CMO, ARM, 5.443%, 7/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;110 | &nbsp;&nbsp;&nbsp;&nbsp;111 |
| Morgan Stanley Residential Mortgage Loan Trust, Series 2025-NQM5, Class A1, CMO, ARM, 5.439%, 7/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;292 | &nbsp;&nbsp;&nbsp;&nbsp;294 |
| New Residential Mortgage Loan Trust, Series 2025-NQM4, Class A1, CMO, ARM, 5.35%, 7/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;433 | &nbsp;&nbsp;&nbsp;&nbsp;438 |
| NYMT Loan Trust, Series 2025-INV1, Class A1, CMO, ARM, 5.402%, 4/25/60 (1) | &nbsp;&nbsp;&nbsp;&nbsp;701 | &nbsp;&nbsp;&nbsp;&nbsp;707 |
| OBX Trust, Series 2020-EXP2, Class A8, CMO, ARM, 3.00%, 5/25/60 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| OBX Trust, Series 2020-EXP3, Class 1A9, CMO, ARM, 3.00%, 1/25/60 (1) | &nbsp;&nbsp;&nbsp;&nbsp;137 | &nbsp;&nbsp;&nbsp;&nbsp;123 |
| OBX Trust, Series 2024-HYB1, Class A1, CMO, ARM, 3.632%, 3/25/53 (1) | &nbsp;&nbsp;&nbsp;&nbsp;139 | &nbsp;&nbsp;&nbsp;&nbsp;140 |
| OBX Trust, Series 2025-NQM14, Class A1B, CMO, ARM, 5.162%, 7/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;734 | &nbsp;&nbsp;&nbsp;&nbsp;738 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| OBX Trust, Series 2025-NQM6, Class A1, CMO, ARM, 5.603%, 3/25/65 (1) | 1099 | &nbsp;&nbsp;&nbsp;1112 |
| RCKT Mortgage Trust, Series 2024-CES8, Class A1A, CMO, ARM, 5.49%, 11/25/44 (1) | &nbsp;&nbsp;&nbsp;&nbsp;152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153 |
| RCKT Mortgage Trust, Series 2025-CES3, Class A1A, CMO, ARM, 5.553%, 3/25/55 (1) | 1076 | &nbsp;&nbsp;&nbsp;1087 |
| Santander Mortgage Asset Receivable Trust, Series 2025-NQM2, Class A1, CMO, ARM, 5.732%, 2/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;531 |
| Sequoia Mortgage Trust, Series 2019-5, Class B3, CMO, ARM, 3.707%, 12/25/49 (1) | &nbsp;&nbsp;&nbsp;&nbsp;397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;372 |
| Sequoia Mortgage Trust, Series 2024-HYB1, Class A1A, CMO, ARM, 4.433%, 11/25/63 (1) | &nbsp;&nbsp;&nbsp;&nbsp;198 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 |
| Towd Point Mortgage Trust, Series 2024-2, Class A1B, CMO, ARM, 4.833%, 12/25/64 (1) | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261 |
| Towd Point Mortgage Trust, Series 2024-3, Class A1B, CMO, ARM, 5.027%, 7/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74 |
| Towd Point Mortgage Trust, Series 2024-5, Class A1B, CMO, ARM, 4.605%, 10/25/64 (1) | 1154 | &nbsp;&nbsp;&nbsp;1170 |
| Towd Point Mortgage Trust, Series 2025-1, Class A1A, CMO, ARM, 4.802%, 6/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502 |
| Towd Point Mortgage Trust, Series 2025-1, Class A1B, CMO, ARM, 4.802%, 6/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;248 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252 |
| Towd Point Mortgage Trust, Series 2026-1, Class A1A, CMO, ARM, 4.103%, 1/25/66 (1) | &nbsp;&nbsp;&nbsp;&nbsp;520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;525 |
| Verus Securitization Trust, Series 2021-R3, Class A1, CMO, ARM, 1.02%, 4/25/64 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21 |
| Verus Securitization Trust, Series 2025-2, Class A1, CMO, ARM, 5.307%, 3/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;540 |
| Verus Securitization Trust, Series 2025-INV1, Class A3, CMO, ARM, 5.953%, 2/25/70 (1) | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242 |
| Vista Point Securitization Trust, Series 2020-1, Class B1, CMO, ARM, 5.375%, 3/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;580 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;583 |
| Vista Point Securitization Trust, Series 2020-2, Class A1, CMO, ARM, 1.475%, 4/25/65 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9 |
|  |  | 26616 |
| **Commercial Mortgage-Backed Securities 2.9%** |  |  |
| Bank, Series 2024-BNK47, Class A5, ARM, 5.716%, 6/15/57 | &nbsp;&nbsp;&nbsp;&nbsp;254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274 |
| Bank5, Series 2024-5YR10, Class AS, ARM, 5.637%, 10/15/57 | 1155 | &nbsp;&nbsp;&nbsp;1197 |
| Bank5, Series 2024-5YR10, Class A3, ARM, 5.302%, 10/15/57 | 1270 | &nbsp;&nbsp;&nbsp;1318 |
| Bank5, Series 2024-5YR12, Class AS, ARM, 6.122%, 12/15/57 | &nbsp;&nbsp;&nbsp;&nbsp;315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;332 |
| Bank5, Series 2024-5YR8, Class AS, ARM, 6.378%, 8/15/57 | &nbsp;&nbsp;&nbsp;&nbsp;965 | &nbsp;&nbsp;&nbsp;1021 |
| Benchmark Mortgage Trust, Series 2019-B12, Class A5, ARM, 3.116%, 8/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614 |
| Benchmark Mortgage Trust, Series 2019-B13, Class A4, ARM, 2.952%, 8/15/57 | &nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614 |
| Benchmark Mortgage Trust, Series 2024-V5, Class AM, ARM, 6.417%, 1/10/57 | &nbsp;&nbsp;&nbsp;&nbsp;767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;805 |
| Benchmark Mortgage Trust, Series 2024-V7, Class A3, 6.228%, 5/15/56 | &nbsp;&nbsp;&nbsp;&nbsp;255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270 |
| BFLD Commercial Mortgage Trust, Series 2025-5MW, Class C, ARM, 5.451%, 10/10/42 (1) | &nbsp;&nbsp;&nbsp;&nbsp;220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225 |
| BMO Mortgage Trust, Series 2024-5C5, Class AS, 6.364%, 2/15/57 | &nbsp;&nbsp;&nbsp;&nbsp;960 | &nbsp;&nbsp;&nbsp;1014 |
| BSREP Commercial Mortgage Trust, Series 2021-DC, Class C, FRN, 1M TSFR + 1.66%, 5.324%, 8/15/38 (1) | &nbsp;&nbsp;&nbsp;&nbsp;132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117 |
| BX Commercial Mortgage Trust, Series 2024-GPA3, Class B, ARM, FRN, 1M TSFR + 1.64%, 5.302%, 12/15/39 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86 |
| BX Commercial Mortgage Trust, Series 2024-MDHS, Class A, FRN, 1M TSFR + 1.64%, 5.301%, 5/15/41 (1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| BX Commercial Mortgage Trust, Series 2024-MDHS, Class B, FRN, 1M TSFR + 1.84%, 5.501%, 5/15/41 (1) | &nbsp;&nbsp;&nbsp;&nbsp;101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102 |
| BX Commercial Mortgage Trust, Series 2024-SLCT, Class B, ARM, FRN, 1M TSFR + 1.79%, 5.452%, 1/15/42 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
| BX Commercial Mortgage Trust, Series 2024-SLCT, Class C, ARM, FRN, 1M TSFR + 2.39%, 6.052%, 1/15/42 (1) | &nbsp;&nbsp;&nbsp;&nbsp;165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165 |
| BX Commercial Mortgage Trust, Series 2026-CSMO, Class C, ARM, FRN, 1M TSFR + 2.00%, 5.667%, 2/15/43 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
| BX Trust, Series 2025-ROIC, Class B, ARM, FRN, 1M TSFR + 1.39%, 5.053%, 3/15/30 (1) | &nbsp;&nbsp;&nbsp;&nbsp;820 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;818 |
| BX Trust, Series 2025-TAIL, Class A, ARM, FRN, 1M TSFR + 1.40%, 5.06%, 6/15/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190 |
| BX Trust, Series 2025-VOLT, Class A, ARM, FRN, 1M TSFR + 1.70%, 5.36%, 12/15/44 (1) | &nbsp;&nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;616 |
| BX Trust, Series 2025-VOLT, Class B, ARM, FRN, 1M TSFR + 2.10%, 5.76%, 12/15/44 (1) | &nbsp;&nbsp;&nbsp;&nbsp;460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461 |
| CENT Trust, Series 2025-CITY, Class A, ARM, 4.92%, 7/10/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;661 |
| Commercial Mortgage Trust, Series 2016-CR28, Class B, ARM, 4.573%, 2/10/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39 |
| CONE Trust, Series 2024-DFW1, Class A, ARM, FRN, 1M TSFR + 1.64%, 5.301%, 8/15/41 (1) | &nbsp;&nbsp;&nbsp;&nbsp;120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120 |
| CSAIL Commercial Mortgage Trust, Series 2016-C6, Class A5, ARM, 3.09%, 1/15/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38 |
| CSAIL Commercial Mortgage Trust, Series 2019-C18, Class C, ARM, 3.909%, 12/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137 |
| Extended Stay America Trust, Series 2025-ESH, Class C, ARM, FRN, 1M TSFR + 1.85%, 5.51%, 10/15/42 (1) | &nbsp;&nbsp;&nbsp;&nbsp;325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;326 |
| Hilt Commercial Mortgage Trust, Series 2024-ORL, Class B, FRN, 1M TSFR + 1.94%, 5.60%, 5/15/37 (1) | &nbsp;&nbsp;&nbsp;&nbsp;140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140 |
| Hudson Yards Mortgage Trust, Series 2025-SPRL, Class B, ARM, 5.758%, 1/13/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761 |
| HYT Commercial Mortgage Trust, Series 2024-RGCY, Class A, ARM, FRN, 1M TSFR + 1.84%, 5.501%, 9/15/41 (1) | &nbsp;&nbsp;&nbsp;&nbsp;240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240 |
| ILPT Commercial Mortgage Trust, Series 2022-LPFX, Class C, ARM, 3.824%, 3/15/32 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92 |
| MSWF Commercial Mortgage Trust, Series 2023-2, Class A5, ARM, 6.014%, 12/15/56 | &nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;601 |
| New Economy Assets Phase 1 Sponsor, Series 2021-1, Class B1, 2.41%, 10/20/61 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66 |
| Real Estate Asset Liquidity Trust, Series 2025-1A, Class A1, ARM, 3.93%, 1/12/60 (CAD) (1) | 1450 | &nbsp;&nbsp;&nbsp;1071 |
| Real Estate Asset Liquidity Trust, Series 2025-1A, Class A2, ARM, 4.40%, 1/12/60 (CAD) (1) | 1690 | &nbsp;&nbsp;&nbsp;1261 |
| SDR Commercial Mortgage Trust, Series 2024-DSNY, Class B, FRN, 1M TSFR + 1.74%, 5.401%, 5/15/39 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
| VNDO Trust, Series 2016-350P, Class D, ARM, 3.903%, 1/10/35 (1) | &nbsp;&nbsp;&nbsp;&nbsp;105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 |
| WB Commercial Mortgage Trust, Series 2024-HQ, Class A, ARM, 6.134%, 3/15/40 (1) | &nbsp;&nbsp;&nbsp;&nbsp;100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 |
|  |  | 16392 |
| **Total Non-U.S. Government Mortgage-Backed Securities<br> (Cost $42,295)** |  | **43008** |
| **PREFERRED STOCKS 0.1%** | **PREFERRED STOCKS 0.1%** | **PREFERRED STOCKS 0.1%** |
| **FINANCIAL INSTITUTIONS 0.1%** |  |  |
| **Insurance 0.1** |  |  |
| AH Parent, Series A, Acquisition Date: 9/27/24, Cost $246 (2)(3)(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| Navacord, Acquisition Date: 2/4/26, Cost $498 (CAD) (2)(3)(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687 |
| Total Financial Institutions |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687 |
| **Total Preferred Stocks<br> (Cost $692)** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**687** |
| **U.S. GOVERNMENT & AGENCY MORTGAGE-BACKED SECURITIES 26.5%** | **U.S. GOVERNMENT & AGENCY MORTGAGE-BACKED SECURITIES 26.5%** | **U.S. GOVERNMENT & AGENCY MORTGAGE-BACKED SECURITIES 26.5%** |
| **U.S. Government Agency Obligations 21.7%** |  |  |
| Federal Home Loan Mortgage |  |  |
| &nbsp;&nbsp;&nbsp;1.50%, 4/1/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45 |
| &nbsp;&nbsp;&nbsp;2.00%, 3/1/42 - 4/1/52 | 11052 | &nbsp;&nbsp;&nbsp;&nbsp;5722 |
| &nbsp;&nbsp;&nbsp;2.50%, 10/1/36 - 5/1/52 | 19462 | &nbsp;&nbsp;&nbsp;12231 |
| &nbsp;&nbsp;&nbsp;3.00%, 1/1/33 - 7/1/52 | &nbsp;&nbsp;&nbsp;5116 | &nbsp;&nbsp;&nbsp;&nbsp;4687 |
| &nbsp;&nbsp;&nbsp;3.50%, 10/1/47 - 6/1/52 | &nbsp;&nbsp;&nbsp;1573 | &nbsp;&nbsp;&nbsp;&nbsp;1500 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/37 - 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;746 |
| &nbsp;&nbsp;&nbsp;4.50%, 10/1/48 - 10/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;941 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;934 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/52 - 2/1/56 | &nbsp;&nbsp;&nbsp;6174 | &nbsp;&nbsp;&nbsp;&nbsp;6221 |
| &nbsp;&nbsp;&nbsp;5.50%, 8/1/53 - 10/1/55 | &nbsp;&nbsp;&nbsp;6336 | &nbsp;&nbsp;&nbsp;&nbsp;6489 |
| &nbsp;&nbsp;&nbsp;6.00%, 2/1/53 - 8/1/55 | &nbsp;&nbsp;&nbsp;7683 | &nbsp;&nbsp;&nbsp;&nbsp;7951 |
| &nbsp;&nbsp;&nbsp;6.50%, 9/1/54 - 9/1/55 | &nbsp;&nbsp;&nbsp;1202 | &nbsp;&nbsp;&nbsp;&nbsp;1256 |
| Federal National Mortgage Assn. |  |  |
| &nbsp;&nbsp;&nbsp;1.50%, 3/1/36 - 1/1/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;774 |
| &nbsp;&nbsp;&nbsp;2.00%, 9/1/36 - 4/1/52 | 24069 | &nbsp;&nbsp;&nbsp;14181 |
| &nbsp;&nbsp;&nbsp;2.50%, 3/1/37 - 1/1/54 | 11150 | &nbsp;&nbsp;&nbsp;&nbsp;4526 |
| &nbsp;&nbsp;&nbsp;3.00%, 12/1/32 - 9/1/52 | &nbsp;&nbsp;&nbsp;5183 | &nbsp;&nbsp;&nbsp;&nbsp;4803 |
| &nbsp;&nbsp;&nbsp;3.50%, 5/1/35 - 8/1/53 | &nbsp;&nbsp;&nbsp;4333 | &nbsp;&nbsp;&nbsp;&nbsp;4124 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/1/37 - 6/1/53 | &nbsp;&nbsp;&nbsp;4171 | &nbsp;&nbsp;&nbsp;&nbsp;4068 |
| &nbsp;&nbsp;&nbsp;4.50%, 12/1/43 - 2/1/54 | &nbsp;&nbsp;&nbsp;2504 | &nbsp;&nbsp;&nbsp;&nbsp;2497 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/1/44 - 12/1/54 | &nbsp;&nbsp;&nbsp;1382 | &nbsp;&nbsp;&nbsp;&nbsp;1399 |
| &nbsp;&nbsp;&nbsp;5.50%, 7/1/53 - 11/1/55 | &nbsp;&nbsp;&nbsp;5317 | &nbsp;&nbsp;&nbsp;&nbsp;5433 |
| &nbsp;&nbsp;&nbsp;6.00%, 12/1/52 - 7/1/55 | &nbsp;&nbsp;&nbsp;2109 | &nbsp;&nbsp;&nbsp;&nbsp;2188 |
| &nbsp;&nbsp;&nbsp;6.50%, 1/1/53 - 8/1/55 | &nbsp;&nbsp;&nbsp;1498 | &nbsp;&nbsp;&nbsp;&nbsp;1564 |
| UMBS, TBA (16) |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 3/17/41 - 3/12/56 | &nbsp;&nbsp;&nbsp;7980 | &nbsp;&nbsp;&nbsp;&nbsp;6793 |
| &nbsp;&nbsp;&nbsp;2.50%, 3/12/56 | &nbsp;&nbsp;&nbsp;4870 | &nbsp;&nbsp;&nbsp;&nbsp;4219 |
| &nbsp;&nbsp;&nbsp;3.00%, 3/12/56 | &nbsp;&nbsp;&nbsp;3010 | &nbsp;&nbsp;&nbsp;&nbsp;2723 |
| &nbsp;&nbsp;&nbsp;3.50%, 3/12/56 | &nbsp;&nbsp;&nbsp;3485 | &nbsp;&nbsp;&nbsp;&nbsp;3285 |
| &nbsp;&nbsp;&nbsp;4.00%, 3/12/56 | &nbsp;&nbsp;&nbsp;1775 | &nbsp;&nbsp;&nbsp;&nbsp;1726 |
| &nbsp;&nbsp;&nbsp;4.50%, 3/12/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/15/56 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984 |
| &nbsp;&nbsp;&nbsp;6.00%, 3/15/55 | &nbsp;&nbsp;&nbsp;7440 | &nbsp;&nbsp;&nbsp;&nbsp;7632 |
|  |  | 121309 |
| **U.S. Government Obligations 4.8%** |  |  |
| Government National Mortgage Assn. |  |  |
| &nbsp;&nbsp;&nbsp;2.00%, 12/20/50 - 3/20/52 | &nbsp;&nbsp;&nbsp;6447 | &nbsp;&nbsp;&nbsp;&nbsp;4184 |
| &nbsp;&nbsp;&nbsp;2.50%, 8/20/50 - 4/20/52 | 11738 | &nbsp;&nbsp;&nbsp;&nbsp;4950 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| &nbsp;&nbsp;&nbsp;3.00%, 11/20/46 - 6/20/52 | &nbsp;&nbsp;&nbsp;3381 | &nbsp;&nbsp;&nbsp;&nbsp;3103 |
| &nbsp;&nbsp;&nbsp;3.50%, 3/20/46 - 10/20/52 | &nbsp;&nbsp;&nbsp;2132 | &nbsp;&nbsp;&nbsp;&nbsp;2040 |
| &nbsp;&nbsp;&nbsp;4.00%, 6/20/47 - 10/20/52 | &nbsp;&nbsp;&nbsp;2217 | &nbsp;&nbsp;&nbsp;&nbsp;2155 |
| &nbsp;&nbsp;&nbsp;4.50%, 6/20/47 - 7/20/53 | &nbsp;&nbsp;&nbsp;1795 | &nbsp;&nbsp;&nbsp;&nbsp;1777 |
| &nbsp;&nbsp;&nbsp;5.00%, 8/20/47 - 12/20/54 | &nbsp;&nbsp;&nbsp;1670 | &nbsp;&nbsp;&nbsp;&nbsp;1687 |
| &nbsp;&nbsp;&nbsp;5.50%, 4/20/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 |
| &nbsp;&nbsp;&nbsp;6.00%, 9/20/52 - 12/20/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404 |
| Government National Mortgage Assn., TBA (16) |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 3/19/56 | &nbsp;&nbsp;&nbsp;2390 | &nbsp;&nbsp;&nbsp;&nbsp;2361 |
| &nbsp;&nbsp;&nbsp;5.00%, 3/19/56 | &nbsp;&nbsp;&nbsp;1685 | &nbsp;&nbsp;&nbsp;&nbsp;1691 |
| &nbsp;&nbsp;&nbsp;5.50%, 3/19/56 | &nbsp;&nbsp;&nbsp;2200 | &nbsp;&nbsp;&nbsp;&nbsp;2228 |
|  |  | &nbsp;&nbsp;&nbsp;26609 |
| **Total U.S. Government & Agency Mortgage-Backed Securities<br> (Cost $143,718)** |  | **147918** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS (EXCLUDING MORTGAGE-BACKED) 28.6%** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (EXCLUDING MORTGAGE-BACKED) 28.6%** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (EXCLUDING MORTGAGE-BACKED) 28.6%** |
| **U.S. Treasury Obligations 28.6%** |  |  |
| U.S. Treasury Bonds, 1.125%, 5/15/40 (17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259 |
| U.S. Treasury Bonds, 1.375%, 11/15/40 | &nbsp;&nbsp;&nbsp;4475 | &nbsp;&nbsp;&nbsp;&nbsp;3005 |
| U.S. Treasury Bonds, 1.75%, 8/15/41 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133 |
| U.S. Treasury Bonds, 2.00%, 8/15/51 | &nbsp;&nbsp;&nbsp;1420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;849 |
| U.S. Treasury Bonds, 2.375%, 2/15/42 | &nbsp;&nbsp;&nbsp;2385 | &nbsp;&nbsp;&nbsp;&nbsp;1814 |
| U.S. Treasury Bonds, 3.25%, 5/15/42 (17) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112 |
| U.S. Treasury Bonds, 3.625%, 2/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25 |
| U.S. Treasury Bonds, 3.625%, 5/15/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537 |
| U.S. Treasury Bonds, 3.875%, 2/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107 |
| U.S. Treasury Bonds, 3.875%, 5/15/43 | &nbsp;&nbsp;&nbsp;2020 | &nbsp;&nbsp;&nbsp;&nbsp;1867 |
| U.S. Treasury Bonds, 4.00%, 11/15/42 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146 |
| U.S. Treasury Bonds, 4.00%, 11/15/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252 |
| U.S. Treasury Bonds, 4.125%, 8/15/44 | 17635 | &nbsp;&nbsp;&nbsp;16701 |
| U.S. Treasury Bonds, 4.25%, 2/15/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;553 |
| U.S. Treasury Bonds, 4.25%, 8/15/54 | 14490 | &nbsp;&nbsp;&nbsp;13578 |
| U.S. Treasury Bonds, 4.50%, 2/15/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;339 |
| U.S. Treasury Bonds, 4.625%, 5/15/54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;424 |
| U.S. Treasury Bonds, 4.625%, 11/15/44 | &nbsp;&nbsp;&nbsp;8465 | &nbsp;&nbsp;&nbsp;&nbsp;8546 |
| U.S. Treasury Bonds, 4.625%, 2/15/55 | 10195 | &nbsp;&nbsp;&nbsp;10169 |
| U.S. Treasury Bonds, 4.75%, 11/15/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674 |
| U.S. Treasury Bonds, 4.75%, 5/15/55 | &nbsp;&nbsp;&nbsp;1795 | &nbsp;&nbsp;&nbsp;&nbsp;1827 |
| U.S. Treasury Bonds, 4.75%, 2/15/45 (17) | &nbsp;&nbsp;&nbsp;9910 | &nbsp;&nbsp;&nbsp;10159 |
| U.S. Treasury Bonds, 5.00%, 5/15/45 | &nbsp;&nbsp;&nbsp;2185 | &nbsp;&nbsp;&nbsp;&nbsp;2310 |
| U.S. Treasury Notes, 3.50%, 2/15/33 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335 |
| U.S. Treasury Notes, 3.75%, 8/31/31 | &nbsp;&nbsp;&nbsp;4490 | &nbsp;&nbsp;&nbsp;&nbsp;4526 |
| U.S. Treasury Notes, 3.75%, 12/31/30 | 11020 | &nbsp;&nbsp;&nbsp;11130 |
| U.S. Treasury Notes, 4.00%, 2/15/34 | &nbsp;&nbsp;&nbsp;2110 | &nbsp;&nbsp;&nbsp;&nbsp;2138 |
| U.S. Treasury Notes, 4.00%, 6/30/28 | &nbsp;&nbsp;&nbsp;3015 | &nbsp;&nbsp;&nbsp;&nbsp;3057 |
| U.S. Treasury Notes, 4.00%, 2/28/30 | &nbsp;&nbsp;&nbsp;4115 | &nbsp;&nbsp;&nbsp;&nbsp;4197 |
| U.S. Treasury Notes, 4.00%, 3/31/30 | &nbsp;&nbsp;&nbsp;4185 | &nbsp;&nbsp;&nbsp;&nbsp;4269 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par/Shares** | **$ Value** |
| (Amounts in 000s) |  |  |
| U.S. Treasury Notes, 4.00%, 5/31/30 | &nbsp;&nbsp;&nbsp;4280 | &nbsp;&nbsp;&nbsp;&nbsp;4367 |
| U.S. Treasury Notes, 4.125%, 7/31/31 | &nbsp;&nbsp;&nbsp;1110 | &nbsp;&nbsp;&nbsp;&nbsp;1140 |
| U.S. Treasury Notes, 4.125%, 8/31/30 | &nbsp;&nbsp;&nbsp;1130 | &nbsp;&nbsp;&nbsp;&nbsp;1159 |
| U.S. Treasury Notes, 4.125%, 3/31/32 | &nbsp;&nbsp;&nbsp;1260 | &nbsp;&nbsp;&nbsp;&nbsp;1293 |
| U.S. Treasury Notes, 4.125%, 8/15/53 | &nbsp;&nbsp;&nbsp;2505 | &nbsp;&nbsp;&nbsp;&nbsp;2298 |
| U.S. Treasury Notes, 4.125%, 2/29/32 | 10890 | &nbsp;&nbsp;&nbsp;11176 |
| U.S. Treasury Notes, 4.25%, 5/15/35 | &nbsp;&nbsp;&nbsp;2850 | &nbsp;&nbsp;&nbsp;&nbsp;2923 |
| U.S. Treasury Notes, 4.25%, 11/15/34 | &nbsp;&nbsp;&nbsp;5525 | &nbsp;&nbsp;&nbsp;&nbsp;5677 |
| U.S. Treasury Notes, 4.375%, 8/15/43 | &nbsp;&nbsp;&nbsp;2995 | &nbsp;&nbsp;&nbsp;&nbsp;2946 |
| U.S. Treasury Notes, 4.375%, 1/31/32 (17) | 10905 | &nbsp;&nbsp;&nbsp;11337 |
| U.S. Treasury Notes, 4.50%, 12/31/31 (17) | &nbsp;&nbsp;&nbsp;7475 | &nbsp;&nbsp;&nbsp;&nbsp;7821 |
| U.S. Treasury Notes, 4.875%, 10/31/30 | &nbsp;&nbsp;&nbsp;3340 | &nbsp;&nbsp;&nbsp;&nbsp;3535 |
|  |  | 159710 |
| **Total U.S. Government Agency Obligations (Excluding Mortgage-Backed)<br> (Cost $157,032)** |  | **159710** |
| **SHORT-TERM INVESTMENTS 1.1%** | **SHORT-TERM INVESTMENTS 1.1%** | **SHORT-TERM INVESTMENTS 1.1%** |
| **Money Market Funds 1.1%** |  |  |
| T. Rowe Price Government Reserve Fund, 3.73% (9)(18) | &nbsp;&nbsp;&nbsp;5897 | &nbsp;&nbsp;&nbsp;&nbsp;5897 |
| **Total Short-Term Investments<br> (Cost $5,897)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**5897** |
| **SECURITIES LENDING COLLATERAL 0.6%** | **SECURITIES LENDING COLLATERAL 0.6%** | **SECURITIES LENDING COLLATERAL 0.6%** |
| **Investments in a Pooled Account through Securities Lending Program with State Street Bank and Trust Company 0.6%** |  |  |
| **Money Market Funds 0.6%** |  |  |
| T. Rowe Price Treasury Reserve Fund, 3.67% (9)(18) | &nbsp;&nbsp;&nbsp;3148 | &nbsp;&nbsp;&nbsp;&nbsp;3148 |
| **Total Investments in a Pooled Account through Securities Lending Program with State Street Bank and Trust Company** |  | &nbsp;&nbsp;&nbsp;&nbsp;**3148** |
| **Total Securities Lending Collateral<br> (Cost $3,148)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**3148** |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s, except for contracts)

---

| |
|:---|
| **OPTIONS PURCHASED 0.2%** |
| **OTC Options Purchased 0.2%** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Description** | **Contracts** | **Notional Amount** | **$ Value** |
| Barclays Bank | 2 Year Interest Rate Swap, 1/12/29 Receive Fixed 2.50% Annually, Pay Variable 3.68% (SOFR) Annually, 1/8/27 @ 2.50% (10) | 1 | 139565 | &nbsp;&nbsp;&nbsp;&nbsp;353 |
| Barclays Bank | 2 Year Interest Rate Swap, 1/12/29 Receive Fixed 2.50% Annually, Pay Variable 3.68% (SOFR) Annually, 1/8/27 @ 2.50% (10) | 1 | 134735 | &nbsp;&nbsp;&nbsp;&nbsp;340 |
| UBS AG | ILS Put/USD Call, 4/21/2026 @ $3.15 (USD) (10) | 1 | &nbsp;&nbsp;&nbsp;&nbsp;7050 | &nbsp;&nbsp;&nbsp;&nbsp;101 |
| Morgan Stanley | 10 Year Interest Rate Swap, 4/08/36 Pay Fixed 4.05% Annually, Receive Variable 3.68% (SOFR) Annually, 4/6/26 @ 4.05% (10) | 1 | &nbsp;&nbsp;&nbsp;21980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Barclays Bank | Credit Default Swap, Protection Bought (Relevant Credit: Markit CDX.NA.HY.S45, 5 Year Index, 12/20/30), Pay 5.00% Quarterly, Receive upon credit default, 4/15/26 @ 1.07%\* (10) | 1 | &nbsp;&nbsp;&nbsp;27550 | &nbsp;&nbsp;&nbsp;&nbsp;343 |
| Total OTC Options Purchased (Cost $792) | Total OTC Options Purchased (Cost $792) | Total OTC Options Purchased (Cost $792) | Total OTC Options Purchased (Cost $792) | 1140 |
| **Total Options Purchased (Cost $792)** | **Total Options Purchased (Cost $792)** | **Total Options Purchased (Cost $792)** | **Total Options Purchased (Cost $792)** | 1140 |

---

---

| | |
|:---|:---|
| **Total Investments in Securities<br> 106.3% of Net Assets (Cost $583,164)** | **$593694** |
| **Other Assets Less Liabilities (6.3%)** | &nbsp;&nbsp;&nbsp;&nbsp;**(34931)** |
| **Net Assets 100.0%** | **$558763** |

---

---

| | |
|:---|:---|
| ‡ | Par/Shares and Notional Amount are denominated in U.S. dollars unless otherwise noted. |
| \* | Exercise Spread |
| (1) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may be resold in transactions exempt from registration only to qualified institutional buyers. Total value of such securities at period-end amounts to $150,864 and represents 27.0% of net assets. |
| (2) | See Note 1. Level 3 in fair value hierarchy. |
| (3) | Security cannot be offered for public resale without first being registered under the Securities Act of 1933 and related rules ("restricted security"). Acquisition date represents the day on which an enforceable right to acquire such security is obtained and is presented along with related cost in the security description. The fund may have registration rights for certain restricted securities. Any costs related to such registration are generally borne by the issuer. The aggregate value of restricted securities (excluding 144A holdings) at period-end amounts to $4,504 and represents 0.8% of net assets. |
| (4) | Bank loan positions may involve multiple underlying tranches. In those instances, the position presented reflects the aggregate of those respective underlying tranches and the rate presented reflects the weighted average rate of the settled positions. |
| (5) | All or a portion of this loan is unsettled as of February 28, 2026. The interest rate for unsettled loans will be determined upon settlement after period end. |
| (6) | Security has the ability to pay in-kind or pay in cash. When applicable, separate rates of such payments are disclosed. |
| (7) | All or a portion of the position represents an unfunded commitment; a liability to fund the commitment has been recognized. The fund's total unfunded commitments at February 28, 2026, was $413 and was valued at $405 (0.1% of net assets). |

---

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T. ROWE PRICE TOTAL RETURN ETF

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(8) SEC 30-day yield

(9) Affiliated Companies

(10) Non-income producing

(11) All or a portion of this security is on loan at February 28, 2026.

(12) Security is a fix-to-float security, which carries a fixed coupon until a certain date, upon which it switches to a floating rate. Reference rate and spread are provided if the rate
is currently floating.

(13) When-issued security.

(14) Perpetual security with no stated maturity date.

(15) Contingent value instrument that only pays out if a portion of the territory's Sales and Use Tax outperforms the projections in the Oversight Board's Certified Fiscal Plan.

(16) To-Be-Announced purchase commitment. Total value of such securities at period-end amounts to $34,250 and represents 6.1% of net assets.

(17) At February 28, 2026, all or a portion of this security is pledged as collateral and/or margin deposit to cover future funding obligations.

(18) Seven-day yield

---

| | |
|:---|:---|
| 1M TSFR | One month term SOFR (Secured overnight financing rate) |
| 3M TSFR | Three month term SOFR (Secured overnight financing rate) |
| 6M TSFR | Six month term SOFR (Secured overnight financing rate) |
| ARM | Adjustable Rate Mortgage (ARM); rate shown is effective rate at period-end. The rates for certain ARMs are not based on a published reference rate and spread but may be determined using a formula based on the rates of the underlying loans. |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CAD | Canadian Dollar |
| CHF | Swiss Franc |
| CLO | Collateralized Loan Obligation |
| CLP | Chilean Peso |
| CMO | Collateralized Mortgage Obligation |
| CNH | Offshore China Renminbi |
| COP | Colombian Peso |
| CZK | Czech Koruna |
| EGP | Egyptian Pound |
| ETF | Exchange-Traded Fund |
| EUR | Euro |
| FRN | Floating Rate Note |
| GBP | British Pound |
| GO | General Obligation |
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| ILS | Israeli Shekel |
| INR | Indian Rupee |
| JPY | Japanese Yen |
| KRW | South Korean Won |
| KZT | Kazakhstani Tenge |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| NGN | Nigerian Naira |
| NOK | Norwegian Krone |
| NZD | New Zealand Dollar |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | |
|:---|:---|
| PEN | Peruvian New Sol |
| PHP | Philippines Peso |
| PIK | Payment-in-kind |
| PIPE | Private Investment in Public Equity |
| PLN | Polish Zloty |
| SEK | Swedish Krona |
| SGD | Singapore Dollar |
| SOFR | Secured overnight financing rate |
| SOFR30A | 30-day Average term SOFR (Secured Overnight Financing Rate) |
| TBA | To-Be-Announced |
| THB | Thai Baht |
| TRY | Turkish Lira |
| TWD | Taiwan Dollar |
| UMBS | Uniform Mortgage-Backed Securities |
| USD | U.S. Dollar |
| VR | Variable Rate; rate shown is effective rate at period-end. The rates for certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and based on current market conditions. |
| ZAR | South African Rand |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | |
|:---|:---|:---|
|  | **Par** | **$ Value** |
| (Amounts in 000s) |  |  |
| **TBA Sale Commitments (1.3)%** | **TBA Sale Commitments (1.3)%** | **TBA Sale Commitments (1.3)%** |
| **U.S. Government & Agency Mortgage-Backed Securities (1.3)%** | **U.S. Government & Agency Mortgage-Backed Securities (1.3)%** | **U.S. Government & Agency Mortgage-Backed Securities (1.3)%** |
| **U.S. Government Obligations (1.3)%** |  |  |
| Government National Mortgage Assn., TBA, 6.00%, 3/19/56 | (7065) | (7208) |
|  |  | (7208) |
| Total TBA Sales Commitments<br> (Proceeds $(7196)) |  | (7208) |

---

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T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s, except for contracts)

---

| |
|:---|
| **OPTIONS WRITTEN (0.1)%** |
| **OTC Options Written (0.1)%** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Counterparty** | **Description** | **Contracts** | **Notional<br> Amount** | **$ Value** |
| Barclays Bank | 2 Year Interest Rate Swap, 1/12/29 Receive Fixed 2.00% Annually, Pay Variable 3.68% (SOFR) Annually, 1/8/27 @ 2.00% | &nbsp;&nbsp;&nbsp;&nbsp;1 | 139565 | (162) |
| Barclays Bank | 2 Year Interest Rate Swap, 1/12/29 Receive Fixed 2.00% Annually, Pay Variable 3.68% (SOFR) Annually, 1/8/27 @ 2.00% | &nbsp;&nbsp;&nbsp;&nbsp;1 | 134735 | (157) |
| Barclays Bank | Credit Default Swap, Protection Sold (Relevant Credit: Markit CDX.NA.HY.S45, 5 Year Index, 12/20/30), Receive 5.00% Quarterly, Pay upon credit default, 4/15/26 @ 1.02%\* | &nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;27550 | &nbsp;&nbsp;&nbsp;(73) |
| Wells Fargo | iShares iBoxx USD High Yield Corporate Bond ETF, Call, 3/20/26 @ $81.00 | 172 | &nbsp;&nbsp;&nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Wells Fargo | iShares iBoxx USD High Yield Corporate Bond ETF, Call, 3/20/26 @ $81.00 | 172 | &nbsp;&nbsp;&nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Wells Fargo | iShares iBoxx USD High Yield Corporate Bond ETF, Put, 3/20/26 @ $81.00 | 172 | &nbsp;&nbsp;&nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;(11) |
| Wells Fargo | iShares iBoxx USD High Yield Corporate Bond ETF, Put, 3/20/26 @ $81.00 | 172 | &nbsp;&nbsp;&nbsp;&nbsp;1388 | &nbsp;&nbsp;&nbsp;(11) |
| Total OTC Options Written (Premiums $(235)) | Total OTC Options Written (Premiums $(235)) | Total OTC Options Written (Premiums $(235)) | Total OTC Options Written (Premiums $(235)) | (416) |
| **Total Options Written (Premiums $(235))** | **Total Options Written (Premiums $(235))** | **Total Options Written (Premiums $(235))** | **Total Options Written (Premiums $(235))** | **(416)** |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

**SWAPS 0.3%** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Notional<br> Amount** | **$ Value** | **Upfront<br> Payments/<br> $(Receipts)** | **Unrealized<br> $ Gain/(Loss)** |
| **BILATERAL SWAPS 0.2%** | **BILATERAL SWAPS 0.2%** | **BILATERAL SWAPS 0.2%** | **BILATERAL SWAPS 0.2%** | **BILATERAL SWAPS 0.2%** |
| **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** |
| Goldman Sachs, Protection Sold (Relevant Credit: Carvana Co. Caa1\*), Receive 5.00% Quarterly, Pay upon credit default, 12/20/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Goldman Sachs, Protection Sold (Relevant Credit: Markit CDX.NA.IG.S45, 5 Year Index), Receive 1.00% Quarterly, Pay upon credit default, 12/20/30 | 65925 | 2439 | 2331 | &nbsp;&nbsp;108 |
| Goldman Sachs, Protection Sold (Relevant Credit: Markit CMBX.NA.BBB-.17, 30 Year Index), Receive 3.00% Monthly, Pay upon credit default, 12/15/56 | &nbsp;&nbsp;&nbsp;4588 | &nbsp;&nbsp;&nbsp;(615) | &nbsp;&nbsp;&nbsp;(524) | &nbsp;&nbsp;&nbsp;(91) |
| JP Morgan, Protection Sold (Relevant Credit: Carvana Co., Caa1\*), Receive 5.00% Quarterly, Pay upon credit default, 12/20/30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Morgan Stanley, Protection Sold (Relevant Credit: Markit CMBX.NA.BBB-.17, 30 Year Index), Receive 3.00% Monthly, Pay upon credit default, 12/15/56 | &nbsp;&nbsp;&nbsp;6437 | &nbsp;&nbsp;&nbsp;(861) | &nbsp;&nbsp;&nbsp;(738) | (123) |
| **Total Bilateral Credit Default Swaps, Protection Sold** | **Total Bilateral Credit Default Swaps, Protection Sold** |  | **1071** | **(106)** |
| **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** | **Total Return Swaps 0.0%** |
| JP Morgan, Receive Underlying Reference: Apollo Debt Solutions BDC At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| JP Morgan, Receive Underlying Reference: ARES Capital Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;(4) |
| JP Morgan, Receive Underlying Reference: ARES Capital Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| JP Morgan, Receive Underlying Reference: ARES Strategic Income Fund At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| JP Morgan, Receive Underlying Reference: Bain Capital Specialty Finance, Inc. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| JP Morgan, Receive Underlying Reference: Blackstone Secured Lending Fund At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;(2) |
| JP Morgan, Receive Underlying Reference: Blue Owl Capital Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;(5) |
| JP Morgan, Receive Underlying Reference: Blue Owl Capital Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;(6) |

---

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T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Notional<br> Amount** | **$ Value** | **Upfront<br> Payments/<br> $(Receipts)** | **Unrealized<br> $ Gain/(Loss)** |
| JP Morgan, Receive Underlying Reference: Blue Owl Credit Income Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377 | &nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;(2) |
| JP Morgan, Receive Underlying Reference: Blue Owl Credit Income Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417 | &nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;(5) |
| JP Morgan, Receive Underlying Reference: Blue Owl Credit Income Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;499 | &nbsp;&nbsp;&nbsp;&nbsp;(5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;(4) |
| JP Morgan, Receive Underlying Reference: Carlyle Secured Lending, Inc. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174 | &nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(2) |
| JP Morgan, Receive Underlying Reference: Goldman Sachs Private Credit Corp. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264 | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| JP Morgan, Receive Underlying Reference: Hercules Capital, Inc. At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;230 | &nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(2) |
| JP Morgan, Receive Underlying Reference: HPS Corporate Lending Fund At Maturity, Pay Variable 3.68% (SOFR + 0.48%) At Maturity, 5/19/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251 | &nbsp;&nbsp;&nbsp;&nbsp;(1) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| JP Morgan, Receive Underlying Reference: iShares iBoxx USD Investment Grade Corporate Bond ETF Monthly, Pay Variable 3.68% (SOFR + 0.35%) Monthly, 1/19/28 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 | &nbsp;&nbsp;&nbsp;&nbsp;(2) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;(2) |
| Morgan Stanley, Pay Underlying Reference: iBoxx USD Liquid Leveraged Loans Total Return Index At Maturity, Receive Variable 3.68% (SOFR + 0.00%) Quarterly, 12/20/26 | 11050 | 261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 261 |
| Morgan Stanley, Pay Underlying Reference: iBoxx USD Liquid Leveraged Loans Total Return Index At Maturity, Receive Variable 3.68% (SOFR + 0.00%) Quarterly, 3/20/26 | &nbsp;&nbsp;&nbsp;5600 | &nbsp;&nbsp;&nbsp;58 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;58 |
| **Total Bilateral Total Return Swaps** | **Total Bilateral Total Return Swaps** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(11)** | **281** |
| **Total Bilateral Swaps** | **Total Bilateral Swaps** |  | **1060** | **175** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Notional<br> Amount** | **$ Value** | **Initial<br> $ Value** | **Unrealized<br> $ Gain/(Loss)** |
| **CENTRALLY CLEARED SWAPS 0.1%** | **CENTRALLY CLEARED SWAPS 0.1%** | **CENTRALLY CLEARED SWAPS 0.1%** | **CENTRALLY CLEARED SWAPS 0.1%** | **CENTRALLY CLEARED SWAPS 0.1%** |
| **Credit Default Swaps, Protection Bought (0.1)%** | **Credit Default Swaps, Protection Bought (0.1)%** | **Credit Default Swaps, Protection Bought (0.1)%** | **Credit Default Swaps, Protection Bought (0.1)%** | **Credit Default Swaps, Protection Bought (0.1)%** |
| Protection Bought (Relevant Credit: Dow Chemical Co.), Pay 1.00% Quarterly, Receive upon credit default, 12/20/30 | &nbsp;&nbsp;&nbsp;1250 | &nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;(4) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7 |
| Protection Bought (Relevant Credit: iTraxx Europe Sub Financials S44), Pay 1.00% Quarterly, Receive upon credit default, 12/20/30 (EUR) | 46650 | &nbsp;&nbsp;(79) | &nbsp;&nbsp;&nbsp;57 | (136) |
| Protection Bought (Relevant Credit: Markit CDX.EM.HY.S44, 5 Year Index), Pay 1.00% Quarterly, Receive upon credit default, 12/20/30 | 14029 | 620 | 837 | (217) |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Notional<br> Amount** | **$ Value** | **Initial<br> $ Value** | **Unrealized<br> $ Gain/(Loss)** |
| Protection Bought (Relevant Credit: Markit CDX.NA.HY.S45, 5 Year Index), Pay 5.00% Quarterly, Receive upon credit default, 12/20/30 | 16375 | (1269) | (1359) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90 |
| **Total Centrally Cleared Credit Default Swaps, Protection Bought** | **Total Centrally Cleared Credit Default Swaps, Protection Bought** | **Total Centrally Cleared Credit Default Swaps, Protection Bought** | **Total Centrally Cleared Credit Default Swaps, Protection Bought** | &nbsp;&nbsp;&nbsp;**(256)** |
| **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** | **Credit Default Swaps, Protection Sold 0.2%** |
| Protection Sold (Relevant Credit: iTraxx Europe Senior Financials S44), Receive 1.00% Quarterly, Pay upon credit default, 12/20/30 (EUR) | 60952 | &nbsp;&nbsp;1476 | &nbsp;&nbsp;1326 | &nbsp;&nbsp;&nbsp;&nbsp;150 |
| Protection Sold (Relevant Credit: Markit CDX.EM.S44, 5 Year Index), Receive 1.00% Quarterly, Pay upon credit default, 12/20/30 | 16817 | &nbsp;&nbsp;&nbsp;&nbsp;(222) | &nbsp;&nbsp;&nbsp;&nbsp;(332) | &nbsp;&nbsp;&nbsp;&nbsp;110 |
| Protection Sold (Relevant Credit: Oracle Corp., Baa2\*), Receive 1.00% Quarterly, Pay upon credit default, 12/20/30 | &nbsp;&nbsp;&nbsp;2700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27 | &nbsp;&nbsp;&nbsp;&nbsp;(94) |
| Protection Sold (Relevant Credit: SES SA, Ba1\*), Receive 1.00% Quarterly, Pay upon credit default, 12/20/30 (EUR) | &nbsp;&nbsp;&nbsp;1400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(67) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(65) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| **Total Centrally Cleared Credit Default Swaps, Protection Sold** | **Total Centrally Cleared Credit Default Swaps, Protection Sold** | **Total Centrally Cleared Credit Default Swaps, Protection Sold** | **Total Centrally Cleared Credit Default Swaps, Protection Sold** | &nbsp;&nbsp;&nbsp;&nbsp;**164** |
| **Total Centrally Cleared Swaps** | **Total Centrally Cleared Swaps** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**(92)** |
| **Net payments (receipts) of variation margin to date** | **Net payments (receipts) of variation margin to date** | **Net payments (receipts) of variation margin to date** | **Net payments (receipts) of variation margin to date** | **$232** |
| **Variation margin receivable (payable) on centrally cleared swaps** | **Variation margin receivable (payable) on centrally cleared swaps** | **Variation margin receivable (payable) on centrally cleared swaps** | **Variation margin receivable (payable) on centrally cleared swaps** | **$140** |

---

\* Credit ratings as of February 28, 2026. Ratings shown are from Moody's Investors Service and if Moody's does not rate a security, then Standard & Poor's (S&P) is used. Fitch is used for securities that are not rated by either Moody's or S&P.

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

**FORWARD CURRENCY EXCHANGE CONTRACTS**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** | **Receive** |  | **Deliver** |  | **Unrealized<br> Gain/(Loss)** |
| Bank of America | 3/3/26 | COP | 58577 | USD | 16 | &nbsp;&nbsp;&nbsp;$— |
| Bank of America | 3/3/26 | GBP | 273 | USD | 375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) |
| Bank of America | 3/3/26 | USD | 16 | COP | 58577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Bank of America | 3/3/26 | USD | 301 | SGD | 379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Bank of America | 3/6/26 | THB | 129375 | USD | 4072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91 |
| Bank of America | 3/6/26 | USD | 811 | PHP | 48087 | &nbsp;&nbsp;&nbsp;&nbsp;(23) |
| Barclays Bank | 3/3/26 | BRL | 7170 | USD | 1372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27 |
| Barclays Bank | 3/3/26 | USD | 1392 | BRL | 7170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) |
| Barclays Bank | 3/6/26 | USD | 287 | COP | 1090798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Barclays Bank | 3/6/26 | USD | 893 | COP | 3407600 | &nbsp;&nbsp;&nbsp;&nbsp;(15) |
| Barclays Bank | 4/16/26 | TRY | 61465 | USD | 1326 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24 |
| BNP Paribas | 3/3/26 | MYR | 13 | USD | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| BNP Paribas | 3/3/26 | USD | 635 | MYR | 2517 | &nbsp;&nbsp;&nbsp;&nbsp;(12) |
| BNP Paribas | 3/3/26 | USD | 5 | MYR | 20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| BNP Paribas | 3/4/26 | THB | 13468 | USD | 434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| BNP Paribas | 4/2/26 | USD | 434 | THB | 13468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Citibank NA | 3/3/26 | CNH | 7904 | USD | 1153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Citibank NA | 3/3/26 | EGP | 10525 | USD | 220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Citibank NA | 3/3/26 | TWD | 19772 | USD | 629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
| Citibank NA | 3/3/26 | TWD | 13083 | USD | 419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Citibank NA | 3/3/26 | USD | 219 | EGP | 10525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Citibank NA | 3/3/26 | USD | 289 | SGD | 364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Citibank NA | 3/3/26 | USD | 416 | TWD | 13083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Citibank NA | 3/3/26 | USD | 632 | TWD | 19772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Citibank NA | 3/12/26 | EGP | 70985 | USD | 1352 | &nbsp;&nbsp;&nbsp;&nbsp;117 |
| Citibank NA | 4/2/26 | EGP | 10525 | USD | 217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Citibank NA | 4/2/26 | USD | 1156 | CNH | 7904 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Citibank NA | 4/2/26 | USD | 629 | TWD | 19772 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| Deutsche Bank | 3/3/26 | BRL | 1488 | USD | 280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 |
| Deutsche Bank | 3/3/26 | EGP | 10475 | USD | 220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Deutsche Bank | 3/3/26 | USD | 289 | BRL | 1488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Deutsche Bank | 3/3/26 | USD | 1130 | CNH | 7841 | &nbsp;&nbsp;&nbsp;&nbsp;(12) |
| Deutsche Bank | 3/3/26 | USD | 219 | EGP | 10475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Deutsche Bank | 3/4/26 | INR | 28264 | USD | 308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Deutsche Bank | 3/4/26 | USD | 311 | INR | 28264 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Deutsche Bank | 3/6/26 | COP | 5055570 | USD | 1379 | &nbsp;&nbsp;&nbsp;&nbsp;(32) |
| Deutsche Bank | 3/6/26 | USD | 554 | PHP | 32863 | &nbsp;&nbsp;&nbsp;&nbsp;(16) |
| Deutsche Bank | 3/6/26 | USD | 273 | PHP | 16186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) |
| Deutsche Bank | 4/10/26 | KZT | 430745 | USD | 837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15 |
| Deutsche Bank | 4/10/26 | USD | 841 | KZT | 430745 | &nbsp;&nbsp;&nbsp;&nbsp;(11) |
| Deutsche Bank | 4/17/26 | HUF | 958413 | USD | 3006 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) |
| Goldman Sachs | 3/4/26 | KRW | 942463 | USD | 653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| Goldman Sachs | 3/4/26 | USD | 657 | KRW | 942463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Goldman Sachs | 3/4/26 | USD | 422 | THB | 13173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Goldman Sachs | 3/6/26 | COP | 8038392 | USD | 2154 | &nbsp;&nbsp;&nbsp;&nbsp;(13) |
| Goldman Sachs | 3/6/26 | PHP | 240435 | USD | 4071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98 |
| Goldman Sachs | 3/12/26 | USD | 1471 | EGP | 70985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| Goldman Sachs | 4/2/26 | USD | 653 | KRW | 942463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| HSBC Bank | 3/3/26 | BRL | 14670 | USD | 2849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13 |
| HSBC Bank | 3/3/26 | MYR | 2428 | USD | 623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| HSBC Bank | 3/3/26 | USD | 2808 | BRL | 14670 | &nbsp;&nbsp;&nbsp;&nbsp;(53) |
| HSBC Bank | 3/6/26 | USD | 2472 | COP | 9107815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47 |
| HSBC Bank | 4/2/26 | USD | 623 | MYR | 2428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| HSBC Bank | 4/24/26 | USD | 2091 | AUD | 3090 | &nbsp;&nbsp;&nbsp;(108) |
| JPMorgan Chase | 3/3/26 | BRL | 1870 | USD | 363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| JPMorgan Chase | 3/3/26 | EGP | 50 | USD | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| JPMorgan Chase | 3/3/26 | IDR | 9445986 | USD | 562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** | **Receive** |  | **Deliver** |  | **Unrealized<br> Gain/(Loss)** |
| JPMorgan Chase | 3/3/26 | MYR | 267 | USD | 68 | &nbsp;&nbsp;$— |
| JPMorgan Chase | 3/3/26 | USD | 361 | BRL | 1870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| JPMorgan Chase | 3/3/26 | USD | 1 | EGP | 50 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| JPMorgan Chase | 3/3/26 | USD | 563 | IDR | 9445986 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| JPMorgan Chase | 3/3/26 | USD | 41 | MYR | 161 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| JPMorgan Chase | 3/3/26 | USD | 3 | MYR | 10 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| JPMorgan Chase | 3/6/26 | USD | 810 | PHP | 48082 | &nbsp;&nbsp;&nbsp;&nbsp;(23) |
| JPMorgan Chase | 3/6/26 | USD | 794 | PHP | 47130 | &nbsp;&nbsp;&nbsp;&nbsp;(23) |
| JPMorgan Chase | 3/9/26 | MYR | 16670 | USD | 4067 | &nbsp;&nbsp;&nbsp;219 |
| JPMorgan Chase | 4/2/26 | BRL | 1870 | USD | 358 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
| JPMorgan Chase | 4/2/26 | EGP | 317 | USD | 6 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| JPMorgan Chase | 4/2/26 | MYR | 7 | USD | 2 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| JPMorgan Chase | 4/2/26 | USD | 562 | IDR | 9445986 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Morgan Stanley | 3/3/26 | BRL | 14354 | USD | 2788 | &nbsp;&nbsp;&nbsp;&nbsp;12 |
| Morgan Stanley | 3/3/26 | USD | 2710 | BRL | 14354 | &nbsp;&nbsp;&nbsp;&nbsp;(90) |
| Morgan Stanley | 3/3/26 | USD | 313 | SGD | 395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Morgan Stanley | 5/22/26 | USD | 1639 | EUR | 1378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
| Morgan Stanley | 5/22/26 | USD | 1640 | EUR | 1378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 |
| Morgan Stanley | 5/22/26 | USD | 1640 | EUR | 1378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 |
| Morgan Stanley | 5/22/26 | USD | 1639 | EUR | 1378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
| NatWest Markets PLC | 3/3/26 | SGD | 400 | USD | 317 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| NatWest Markets PLC | 3/3/26 | SGD | 744 | USD | 588 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| NatWest Markets PLC | 4/2/26 | USD | 317 | SGD | 400 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| NatWest Markets PLC | 4/2/26 | USD | 589 | SGD | 744 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Nomura International PLC | 4/24/26 | USD | 2128 | AUD | 3050 | &nbsp;&nbsp;&nbsp;&nbsp;(42) |
| Royal Bank of Canada | 3/3/26 | EUR | 594 | USD | 707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) |
| Royal Bank of Canada | 3/3/26 | USD | 78 | NOK | 752 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Royal Bank of Canada | 3/4/26 | INR | 28649 | USD | 315 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Royal Bank of Canada | 3/4/26 | KRW | 947930 | USD | 660 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Royal Bank of Canada | 3/4/26 | USD | 316 | INR | 28649 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Royal Bank of Canada | 3/4/26 | USD | 655 | KRW | 947930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Royal Bank of Canada | 3/6/26 | COP | 2847394 | USD | 758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Royal Bank of Canada | 3/6/26 | USD | 295 | COP | 1123086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Royal Bank of Canada | 3/6/26 | USD | 291 | COP | 1127405 | &nbsp;&nbsp;&nbsp;&nbsp;(10) |
| Royal Bank of Canada | 3/6/26 | USD | 369 | COP | 1418276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) |
| Royal Bank of Canada | 3/6/26 | USD | 640 | COP | 2414902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Royal Bank of Canada | 4/6/26 | INR | 28649 | USD | 315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Royal Bank of Canada | 4/24/26 | USD | 2665 | CAD | 3669 | &nbsp;&nbsp;&nbsp;&nbsp;(30) |
| Societe Generale SA | 3/3/26 | CLP | 127099 | USD | 146 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Societe Generale SA | 3/3/26 | COP | 2118943 | USD | 569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Societe Generale SA | 3/3/26 | PEN | 821 | USD | 245 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Societe Generale SA | 3/3/26 | USD | 148 | CLP | 127099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| Societe Generale SA | 3/3/26 | USD | 563 | COP | 2118943 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| Societe Generale SA | 3/3/26 | USD | 245 | PEN | 821 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| Standard Chartered | 3/3/26 | BRL | 7475 | USD | 1375 | &nbsp;&nbsp;&nbsp;&nbsp;83 |
| Standard Chartered | 3/3/26 | USD | 1452 | BRL | 7475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) |
| Standard Chartered | 3/6/26 | USD | 810 | PHP | 48087 | &nbsp;&nbsp;&nbsp;&nbsp;(23) |
| Standard Chartered | 3/9/26 | USD | 1452 | MYR | 5835 | &nbsp;&nbsp;&nbsp;&nbsp;(48) |
| Standard Chartered | 3/9/26 | USD | 2695 | MYR | 10835 | &nbsp;&nbsp;&nbsp;&nbsp;(91) |
| State Street | 3/2/26 | USD | 34 | CAD | 46 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 3/2/26 | USD | 46 | CAD | 63 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 3/2/26 | USD | 1 | CAD | 1 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | AUD | 2 | USD | 1 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | BRL | 230 | USD | 44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| State Street | 3/3/26 | BRL | 178 | USD | 34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| State Street | 3/3/26 | CHF | 1 | USD | 1 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | CHF | 5 | USD | 7 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | CHF | 8 | USD | 10 | &nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | CLP | 99574 | USD | 116 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| State Street | 3/3/26 | CLP | 13165 | USD | 15 | &nbsp;&nbsp;&nbsp;&nbsp;— |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** | **Receive** |  | **Deliver** |  | **Unrealized<br> Gain/(Loss)** |
| State Street | 3/3/26 | CLP | 14360 | USD | 17 | $— |
| State Street | 3/3/26 | CNH | 29 | USD | 4 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | COP | 20877 | USD | 6 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | CZK | 36 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | EUR | 9 | USD | 11 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | EUR | 1 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | GBP | 1 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | GBP | 6 | USD | 8 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | HUF | 98051 | USD | 305 | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| State Street | 3/3/26 | HUF | 841 | USD | 3 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | HUF | 16952 | USD | 53 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | HUF | 603 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | IDR | 40937 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | JPY | 66415 | USD | 433 | &nbsp;&nbsp;&nbsp;(7) |
| State Street | 3/3/26 | JPY | 560 | USD | 4 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | JPY | 1887 | USD | 12 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | MXN | 4252 | USD | 247 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | MXN | 44 | USD | 3 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | MXN | 44 | USD | 3 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | NOK | 21 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | NZD | 187 | USD | 113 | &nbsp;&nbsp;&nbsp;(1) |
| State Street | 3/3/26 | NZD | 2 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | NZD | 2 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | PEN | 5 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | PEN | 4 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | PLN | 288 | USD | 81 | &nbsp;&nbsp;&nbsp;(1) |
| State Street | 3/3/26 | SEK | 2662 | USD | 301 | &nbsp;&nbsp;&nbsp;(6) |
| State Street | 3/3/26 | SEK | 10 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | SEK | 53 | USD | 6 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | SEK | 11 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | SGD | 7 | USD | 6 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | TRY | 19194 | USD | 432 | &nbsp;&nbsp;&nbsp;&nbsp;5 |
| State Street | 3/3/26 | TRY | 322 | USD | 7 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | TRY | 80 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | TRY | 111 | USD | 3 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | TWD | 56 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | TWD | 152 | USD | 5 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | TWD | 6405 | USD | 205 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | TWD | 76 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 25 | AUD | 35 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 1 | BRL | 5 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 4 | BRL | 21 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 59 | CHF | 45 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 5 | CNH | 36 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 2 | CNH | 15 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 6 | CNH | 41 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 46 | COP | 167059 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| State Street | 3/3/26 | USD | 22 | COP | 82580 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 527 | COP | 1948758 | &nbsp;&nbsp;&nbsp;&nbsp;8 |
| State Street | 3/3/26 | USD | 39 | CZK | 801 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 209 | CZK | 4273 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| State Street | 3/3/26 | USD | 2 | CZK | 49 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 5 | CZK | 95 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 49 | EUR | 41 | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| State Street | 3/3/26 | USD | 52 | EUR | 44 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 2 | EUR | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 6 | GBP | 4 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 6 | HUF | 1917 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 5 | HUF | 1681 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 6 | IDR | 102108 | &nbsp;&nbsp;&nbsp;— |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** | **Receive** |  | **Deliver** |  | **Unrealized<br> Gain/(Loss)** |
| State Street | 3/3/26 | USD | 58 | IDR | 965726 | $— |
| State Street | 3/3/26 | USD | 5 | IDR | 91695 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 9 | JPY | 1366 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 2 | JPY | 315 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 9 | JPY | 1376 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 4 | MXN | 65 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 3 | MXN | 46 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 13 | NOK | 124 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 37 | NOK | 354 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 1 | NOK | 11 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 2 | NZD | 4 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 247 | PEN | 829 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 1 | PLN | 4 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 23 | PLN | 83 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 6 | SEK | 49 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 9 | SGD | 11 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 1 | SGD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 204 | TWD | 6405 | &nbsp;&nbsp;&nbsp;(1) |
| State Street | 3/3/26 | USD | 2 | TWD | 76 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 2 | TWD | 56 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 5 | TWD | 152 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | USD | 1 | ZAR | 23 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | ZAR | 884 | USD | 55 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/3/26 | ZAR | 19 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | ILS | 7 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | ILS | 1178 | USD | 377 | &nbsp;&nbsp;&nbsp;(1) |
| State Street | 3/4/26 | INR | 491 | USD | 5 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | INR | 113 | USD | 1 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | INR | 219 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | KRW | 20076 | USD | 14 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | KRW | 2463 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | KRW | 3521 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | KRW | 13551 | USD | 9 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | THB | 58 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 354 | ILS | 1099 | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| State Street | 3/4/26 | USD | 20 | ILS | 61 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 5 | ILS | 17 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 3 | ILS | 8 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 2 | INR | 219 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 5 | INR | 491 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 1 | INR | 113 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 9 | KRW | 13551 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 2 | KRW | 3521 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 2 | KRW | 2463 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 14 | KRW | 20076 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 2 | THB | 53 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 6 | THB | 189 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/4/26 | USD | 4 | THB | 111 | &nbsp;&nbsp;&nbsp;— |
| State Street | 3/19/26 | ILS | 11 | USD | 4 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/1/26 | USD | 81 | CAD | 110 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | GBP | 0 | USD | 372 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | HUF | 0 | USD | 354 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | JPY | 0 | USD | 423 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | KRW | 3105 | USD | 2 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | NZD | 0 | USD | 112 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | PLN | 0 | USD | 56 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | SEK | 0 | USD | 298 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | THB | 105 | USD | 3 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | TRY | 0 | USD | 438 | &nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | TWD | 62 | USD | 2 | &nbsp;&nbsp;&nbsp;— |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

(Amounts in 000s)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** | **Receive** |  | **Deliver** |  | **Unrealized<br> Gain/(Loss)** |
| State Street | 4/2/26 | USD | 24 | AUD | 33 | &nbsp;&nbsp;&nbsp;$— |
| State Street | 4/2/26 | USD | 2 | BRL | 12 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | USD | 41 | CHF | 31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | USD | 17 | CLP | 14360 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | USD | 252 | CZK | 5182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | USD | 8 | IDR | 139127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/2/26 | ZAR | 0 | USD | 55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/3/26 | USD | 377 | ILS | 1178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/6/26 | COP | 12706 | USD | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/6/26 | COP | 1948758 | USD | 523 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) |
| State Street | 4/6/26 | INR | 143 | USD | 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/6/26 | MXN | 0 | USD | 245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/6/26 | PEN | 4 | USD | 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/6/26 | PEN | 829 | USD | 246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/7/26 | USD | 128 | NOK | 1220 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| State Street | 4/24/26 | USD | 449 | CAD | 608 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 |
| State Street | 5/22/26 | EUR | 105 | USD | 125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Toronto Dominion | 3/6/26 | COP | 4052245 | USD | 1093 | &nbsp;&nbsp;&nbsp;&nbsp;(14) |
| UBS | 3/3/26 | BRL | 4745 | USD | 909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16 |
| UBS | 3/3/26 | BRL | 9634 | USD | 1853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27 |
| UBS | 3/3/26 | IDR | 8327394 | USD | 496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| UBS | 3/3/26 | PHP | 1492 | USD | 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| UBS | 3/3/26 | USD | 1871 | BRL | 9634 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8) |
| UBS | 3/3/26 | USD | 921 | BRL | 4745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| UBS | 3/3/26 | USD | 609 | EUR | 517 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| UBS | 3/3/26 | USD | 495 | IDR | 8327394 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| UBS | 3/3/26 | USD | 26 | PHP | 1492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| UBS | 3/6/26 | USD | 316 | COP | 1211998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) |
| UBS | 3/6/26 | USD | 331 | COP | 1277726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) |
| UBS | 3/6/26 | USD | 330 | COP | 1277726 | &nbsp;&nbsp;&nbsp;&nbsp;(10) |
| UBS | 3/6/26 | USD | 1452 | THB | 45281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) |
| UBS | 3/6/26 | USD | 2697 | THB | 84094 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) |
| UBS | 4/2/26 | EUR | 0 | USD | 610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| UBS | 4/6/26 | PHP | 1492 | USD | 26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| UBS | 4/17/26 | HUF | 267010 | USD | 827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8 |
| UBS | 4/17/26 | USD | 3675 | HUF | 1225423 | &nbsp;&nbsp;&nbsp;(157) |
| UBS | 4/24/26 | AUD | 6140 | USD | 4101 | &nbsp;&nbsp;&nbsp;&nbsp;267 |
| UBS | 6/2/26 | USD | 890 | BRL | 4745 | &nbsp;&nbsp;&nbsp;&nbsp;(16) |
| UBS | 6/2/26 | USD | 1814 | BRL | 9634 | &nbsp;&nbsp;&nbsp;&nbsp;(26) |
| Wells Fargo | 3/6/26 | COP | 4641790 | USD | 1204 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32 |
| Wells Fargo | 3/6/26 | USD | 312 | COP | 1178062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **Net unrealized gain (loss) on open forward<br> currency exchange contracts** | **$113** |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| |
|:---|
| **FUTURES CONTRACTS** |
| ($000s) |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **Expiration<br> Date** | **Notional<br> Amount** | **Value and<br> Unrealized<br> Gain (Loss)** |
| Long, 20 Mini ten year JGB contracts | 03/26 | &nbsp;&nbsp;&nbsp;1702 | &nbsp;&nbsp;$(2) |
| Short, 11 E-mini S&P 500 contracts | 03/26 | &nbsp;&nbsp;&nbsp;&nbsp;(378) | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Short, 7 Euro BOBL contracts | 06/26 | &nbsp;&nbsp;&nbsp;&nbsp;(975) | &nbsp;&nbsp;&nbsp;&nbsp;(2) |
| Long, 5 Euro BTP contracts | 06/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;719 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Long, 2 Euro BUXL thirty year bond contracts | 06/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 |
| Long, 8 Euro OAT contracts | 06/26 | &nbsp;&nbsp;&nbsp;1165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 |
| Short, 20 Euro SCHATZ contracts | 06/26 | &nbsp;&nbsp;(2527) | &nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Short, 23 Euro-Bund contracts | 06/26 | &nbsp;&nbsp;(3502) | &nbsp;&nbsp;&nbsp;&nbsp;(9) |
| Long, 7 U.S. Treasury Notes ten year contracts | 06/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;793 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4 |
| Long, 31 Ultra U.S. Treasury Notes ten year contracts | 06/26 | &nbsp;&nbsp;&nbsp;3599 | &nbsp;&nbsp;&nbsp;&nbsp;19 |
| Short, 20 Government of Canada five year bond contracts | 06/26 | &nbsp;&nbsp;(1679) | &nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Short, 12 Government of Canada ten year bond contracts | 06/26 | &nbsp;&nbsp;(1072) | &nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Short, 7 Long Gilt contracts | 06/26 | &nbsp;&nbsp;&nbsp;&nbsp;(873) | &nbsp;&nbsp;&nbsp;(12) |
| Long, 123 U.S. Treasury Notes five year contracts | 06/26 | 13518 | &nbsp;&nbsp;&nbsp;&nbsp;30 |
| Long, 272 U.S. Treasury Notes two year contracts | 06/26 | 56859 | &nbsp;&nbsp;&nbsp;&nbsp;64 |
| **Net payments (receipts) of variation margin to date** | **Net payments (receipts) of variation margin to date** | **Net payments (receipts) of variation margin to date** | &nbsp;&nbsp;&nbsp;&nbsp;**—** |
| **Variation margin receivable (payable) on open futures contracts** | **Variation margin receivable (payable) on open futures contracts** | **Variation margin receivable (payable) on open futures contracts** | **$86** |

---

------

T. ROWE PRICE TOTAL RETURN ETF

------

#### AFFILIATED COMPANIES
($000s)

The fund may invest in certain securities that are considered affiliated companies. As defined by the 1940 Act, an affiliated company is one in which the fund owns 5% or more of the outstanding voting securities, or a company that is under common ownership or control. The following securities were considered affiliated companies for all or some portion of the nine months ended February 28, 2026. Net realized gain (loss), investment income, change in net unrealized gain/loss, and purchase and sales cost reflect all activity for the period then ended.

---

| | | | |
|:---|:---|:---|:---|
| **Affiliate** | **Net Realized Gain<br> (Loss)** | **Changes in Net<br> Unrealized<br> Gain/Loss** | **Investment<br> Income** |
| T. Rowe Price Institutional Floating Rate Fund - Z Class | $(10) | $(28) | &nbsp;&nbsp;&nbsp;&nbsp;$222 |
| T. Rowe Price Government Reserve Fund | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;298++ |
| T. Rowe Price Treasury Reserve Fund | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;—++ |
| Totals | $(10)# | $(28) | &nbsp;&nbsp;$520+ |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Supplementary Investment Schedule** | **Supplementary Investment Schedule** | **Supplementary Investment Schedule** | **Supplementary Investment Schedule** | **Supplementary Investment Schedule** |
| **Affiliate** | **Value<br> 5/31/25** | **Purchase<br> Cost** | **Sales<br> Cost** | **Value<br> 2/28/26** |
| T. Rowe Price Institutional Floating Rate Fund - Z Class | &nbsp;&nbsp;$5600 | 220 | 3255 | &nbsp;&nbsp;&nbsp;$2537 |
| T. Rowe Price Government Reserve Fund | &nbsp;&nbsp;&nbsp;18333 | &nbsp;&nbsp;&nbsp;&nbsp;¤ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;¤ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5897 |
| T. Rowe Price Treasury Reserve Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;¤ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;¤ | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3148 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total |  |  | $11,582^ |

---

---

| |
|:---|
| Excludes earnings on securities lending collateral, which are subject to rebates and fees. |
| Capital gain distributions from underlying Price funds represented $0 of the net realized gain (loss). |
| Investment income comprised $520 of dividend income and $0 of interest income. |
| Purchase and sale information not shown for cash management funds. |
| The cost basis of investments in affiliated companies was $11,645. |

---

The accompanying notes are an integral part of this Portfolio of Investments.

------

T. ROWE PRICE TOTAL RETURN ETF

------

Unaudited

#### NOTES TO PORTFOLIO OF INVESTMENTS

------

T. Rowe Price Exchange-Traded Funds, Inc. (the corporation) is registered under the Investment Company Act of 1940 (the 1940 Act). The Total Return ETF (the fund) is an open-end management investment company established by the corporation and follows accounting and reporting guidance of the Financial Accounting Standards Board *Accounting Standards Codification* Topic 946. The accompanying Portfolio of Investments was prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). For additional information on the fund's significant accounting policies and investment related disclosures, please refer to the fund's most recent semiannual or annual shareholder report and its prospectus.

#### VALUATION

#### Fair Value
The fund's financial instruments are valued at the close of the New York Stock Exchange (NYSE), normally 4 p.m. Eastern Time, each day the NYSE is open for business, and are reported at fair value, which GAAP defines as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fund's Board of Directors (the Board) has designated T. Rowe Price Associates, Inc. as the fund's valuation designee (Valuation Designee). Subject to oversight by the Board, the Valuation Designee performs the following functions in performing fair value determinations: assesses and manages valuation risks; establishes and applies fair value methodologies; tests fair value methodologies; and evaluates pricing vendors and pricing agents. The duties and responsibilities of the Valuation Designee are performed by its Valuation Committee. The Valuation Designee provides periodic reporting to the Board on valuation matters.

Various valuation techniques and inputs are used to determine the fair value of financial instruments. GAAP establishes the following fair value hierarchy that categorizes the inputs used to measure fair value:

Level 1 – quoted prices (unadjusted) in active markets for identical financial instruments that the fund can access at the reporting date

Level 2 – inputs other than Level 1 quoted prices that are observable, either directly or indirectly (including, but not limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and credit spreads)

Level 3 – unobservable inputs (including the Valuation Designee's assumptions in determining fair value)

Observable inputs are developed using market data, such as publicly available information about actual events or transactions, and reflect the assumptions that market participants would use to price the financial instrument. Unobservable inputs are those for which market data are not available and are developed using the best information available about the assumptions that market participants would use to price the financial instrument. GAAP requires valuation techniques to maximize the use of relevant observable inputs and minimize the use of unobservable inputs. When multiple inputs are used to derive fair value, the financial instrument is assigned to the level within the fair value hierarchy based on the lowest-level input that is significant to the fair value of the financial instrument. Input levels are not necessarily an indication of the risk or liquidity associated with financial instruments at that level but rather the degree of judgment used in determining those values.

#### Valuation Techniques
Debt securities are generally traded in the over-the-counter (OTC) market and are valued at prices furnished by independent pricing services or by broker dealers who make markets in such securities. When valuing securities, the independent pricing services consider factors such as, but not limited to, the yield or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities.

------

T. ROWE PRICE TOTAL RETURN ETF

------

Equity securities, including exchange-traded funds, listed or regularly traded on a securities exchange or in the over-the-counter (OTC) market are valued at the last quoted sale price or, for certain markets, the official closing price at the time the valuations are made. OTC Bulletin Board securities are valued at the mean of the closing bid and asked prices. A security that is listed or traded on more than one exchange is valued at the quotation on the exchange determined to be the primary market for such security. Listed securities not traded on a particular day are valued at the mean of the closing bid and asked prices for domestic securities and the last quoted sale or closing price for international securities.

The last quoted prices of non-U.S. equity securities may be adjusted to reflect the fair value of such securities at the close of the NYSE, if the Valuation Designee determines that developments between the close of a foreign market and the close of the NYSE will affect the value of some or all of the fund's portfolio securities. Each business day, the Valuation Designee uses information from outside pricing services to evaluate the quoted prices of portfolio securities and, if appropriate, decides whether it is necessary to adjust quoted prices to reflect fair value by reviewing a variety of factors, including developments in foreign markets, the performance of U.S. securities markets, and the performance of instruments trading in U.S. markets that represent foreign securities and baskets of foreign securities. The Valuation Designee uses outside pricing services to provide it with quoted prices and information to evaluate or adjust those prices. The Valuation Designee cannot predict how often it will use quoted prices or how often it will determine it necessary to adjust those prices to reflect fair value.

Investments denominated in foreign currencies are translated into U.S. dollar values each day at the prevailing exchange rate, using the mean of the bid and asked prices of such currencies against U.S. dollars as provided by an outside pricing service.

Investments in mutual funds are valued at the mutual fund's closing NAV per share on the day of valuation. Listed options, and OTC options with a listed equivalent, are valued at the mean of the closing bid and asked prices and exchange-traded options on futures contracts are valued at closing settlement prices. Swaps are valued at prices furnished by an independent pricing service or independent swap dealers. Forward currency exchange contracts are valued using the prevailing forward exchange rate. Futures contracts are valued at closing settlement prices.

Investments for which market quotations are not readily available or deemed unreliable are valued at fair value as determined in good faith by the Valuation Designee. The Valuation Designee has adopted methodologies for determining the fair value of investments for which market quotations are not readily available or deemed unreliable, including the use of other pricing sources. Factors used in determining fair value vary by type of investment and may include market or investment specific considerations. The Valuation Designee typically will afford the greatest weight to actual prices in arm's length transactions, to the extent they represent orderly transactions between market participants, transaction information can be reliably obtained, and prices are deemed representative of fair value. However, the Valuation Designee may also consider other valuation methods such as market-based valuation multiples; a discount or premium from market value of a similar, freely traded security of the same issuer; discounted cash flows; yield to maturity; or some combination. Fair value determinations are reviewed on a regular basis. Because any fair value determination involves a significant amount of judgment, there is a degree of subjectivity inherent in such pricing decisions. Fair value prices determined by the Valuation Designee could differ from those of other market participants, and it is possible that the fair value determined for a security may be materially different from the value that could be realized upon the sale of that security.

#### Valuation Inputs
The following table summarizes the fund's financial instruments, based on the inputs used to determine their fair values on February 28, 2026 (for further detail by category, please refer to the accompanying Portfolio of Investments):

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| ($000s) | &nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;**Total Value** |
| **Assets** |  |  |  |  |
| Fixed Income Securities<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$376815 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$376815 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92872 | &nbsp;&nbsp;&nbsp;&nbsp;1884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94756 |
| Bank Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31514 | &nbsp;&nbsp;&nbsp;&nbsp;3089 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34603 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72930 |
| Bond Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2537 |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17 |
| Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;437 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1164 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687 |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5897 |
| Securities Lending Collateral | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3148 |
| Options Purchased | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1140 |
| Total | &nbsp;&nbsp;&nbsp;&nbsp;12019 | &nbsp;&nbsp;&nbsp;&nbsp;575059 | &nbsp;&nbsp;&nbsp;&nbsp;6616 | &nbsp;&nbsp;&nbsp;&nbsp;593694 |
| Swaps\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3117 |
| Forward Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1180 |
| Futures Contracts\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121 |
| Total | &nbsp;&nbsp;$12140 | &nbsp;&nbsp;$579356 | &nbsp;&nbsp;$6616 | &nbsp;&nbsp;$598112 |
| **Liabilities** |  |  |  |  |
| TBA Sale Commitments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$7208 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;$7208 |
| Options Written | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;416 |
| Swaps\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1974 |
| Forward Currency Exchange Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1067 |
| Futures Contracts\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35 |
| Total | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$35 | &nbsp;&nbsp;$10665 | &nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$10700 |

---

<sup>1</sup> Includes Convertible Bonds, Foreign Government Obligations & Municipalities, Municipal Securities, Non-U.S. Government Mortgage-Backed Securities, U.S. Government & Agency Mortgage-Backed Securities and U.S. Government Agency Obligations (Excluding Mortgage-Backed).

\* The fair value presented includes cumulative gain (loss) on open futures contracts and centrally cleared swaps; however, the net value reflected on the accompanying Portfolio of Investments is only the unsettled variation margin receivable (payable) at that date.

Following is a reconciliation of the fund's Level 3 holdings for the period ended February 28, 2026. Gain (loss) reflects both realized and change in unrealized gain/loss on Level 3 holdings during the period, if any. The change in unrealized gain/loss on Level 3 instruments held at February 28, 2026, totaled $(36,000) for the period ended February 28, 2026. During the period, transfers into level 3 resulted from a lack of observable market data for the security and transfers out of level 3 were because observable market data became available for the security.

------

T. ROWE PRICE TOTAL RETURN ETF

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| ($000s) | &nbsp;&nbsp;**Beginning<br> Balance<br> 5/31/25** | &nbsp;&nbsp;**Gain<br> (Loss)<br> During<br> Period** | &nbsp;&nbsp;**Total<br> Purchases** | &nbsp;&nbsp;**Total<br> Sales** | &nbsp;&nbsp;**Transfer Into Level 3** | &nbsp;&nbsp;**Transfer Out of Level 3** | &nbsp;&nbsp;**Ending<br> Balance<br> 2/28/26** |
| Investment in Securities |  |  |  |  |  |  |  |
| Bank Loans | &nbsp;&nbsp;$1129 | &nbsp;&nbsp;$(7) | &nbsp;&nbsp;$2818 | &nbsp;&nbsp;$(1147) | &nbsp;&nbsp;$1102 | &nbsp;&nbsp;$(806) | &nbsp;&nbsp;$3089 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250 | &nbsp;&nbsp;&nbsp;&nbsp;(10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;687 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;274 | &nbsp;&nbsp;&nbsp;&nbsp;(29) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(260) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229 |
| Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;334 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;727 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1884 |
| Total | &nbsp;&nbsp;$2053 | &nbsp;&nbsp;$(53) | &nbsp;&nbsp;$5727 | &nbsp;&nbsp;$(1407) | &nbsp;&nbsp;$1102 | &nbsp;&nbsp;$(806) | &nbsp;&nbsp;$6616 |

---

#### OTHER MATTERS
Unpredictable environmental, political, social and economic events, including but not limited to, environmental or natural disasters, war and conflict, terrorism, geopolitical and regulatory developments (including trading and tariff arrangements), and public health epidemics or threats, may significantly affect the economy and the markets and issuers in which a fund invests. The extent and duration of such events and resulting market disruptions cannot be predicted. These and other similar events may cause instability across global markets, including reduced liquidity and disruptions in trading markets, while some events may affect certain geographic regions, countries, sectors, and industries more significantly than others, and exacerbate other pre-existing political, social, and economic risks. The fund's performance could be negatively impacted if the value of a portfolio holding were harmed by these or such events.

#### ETF988-054Q3

#### 02/26

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** T. Rowe Price Exchange-Traded Funds, Inc.

- **b. Investment Company Act file number:** 811-23494

- **c. CIK number of Registrant:** 0001795351

- **d. LEI of Registrant:** 549300XZPUK24E1UMH17

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

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

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

- **a. Name of Series:** T. Rowe Price Total Return ETF

- **b. EDGAR series identifier (if any):** S000072798

- **c. LEI of Series:** 549300YYO0GDGZ739W96

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $611528504.80

**Total Liabilities:** $52757449.54

**Net Assets:** $558771055.26

**Delayed Delivery Securities:** $3539920.96

**Stand-by Commitments:** $119239584.06

**Cash Not Reported:** $580415.46

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -375.679625 | **1-Year:** -19267.217026 | **5-Year:** -77884.061232 | **10-Year:** -51846.200094 | **30-Year:** -12832.850730

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

- **3-Month:** -177.933564 | **1-Year:** -3351.892529 | **5-Year:** -9232.956881 | **10-Year:** -7029.918977 | **30-Year:** -3874.472174

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229339 | -0.02%               | 0.24%                | 1.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $203407.43               | $-2212281.76                               |
| Month 2  | $732668.03               | $-1144154.63                               |
| Month 3  | $-101111.44              | $5695568.37                                |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays US Agg Total Return Value Unhedged USD (Returns)

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                                              | 10YR MINI JGB FUT MAR26 XSIM 20260312                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | SG        |         20 | NC      | $-2068.71     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| 1261229 BC LTD 144A                              | 1261229 BC LTD SR SECURED 144A 04/32 10                                                                                           | CUSIP: 68288AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     440000 | PA      | $457087.93    | 0.08%             | 2032-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| N/A                                              | 5661313432 TROWE SWAPTION 2.0 CALL USD 20270108                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |          1 | NC      | $-162464.83   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5661313447 TROWE SWAPTION 2.5 CALL USD 20270108                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |          1 | NC      | $352693.32    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5665899391 TROWE SWAPTION 2.5 CALL USD 20270108                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |          1 | NC      | $340487.47    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5665899400 TROWE SWAPTION 2.0 CALL USD 20270108                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |          1 | NC      | $-156842.32   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5682371735 TROWE CDSOPT PUT USD 1.07 20260415                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $342277.07    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5682371747 TROWE CDSOPT PUT USD 1.02 20260415                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $-72646.87    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5692741952 TROWE SWAPTION 4.05 PUT USD 20260406                                                                                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |          1 | NC      | $3248.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5711290136 TROWE FXVAN CALL USD ILS 3.15                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | US        |          1 | NC      | $101047.65    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5714642358 TROWE CALL USD 81 20260320                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -172 | NC      | $-1519.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5714642360 TROWE PUT USD 81 20260320                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -172 | NC      | $-10706.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5714696439 TROWE CALL USD 81 20260320                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -172 | NC      | $-1519.40     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | 5714696452 TROWE PUT USD 81 20260320                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |       -172 | NC      | $-10706.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                       | ABBVIE INC SR UNSECURED 03/54 5.4                                                                                                 | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     765000 | PA      | $751171.84    | 0.13%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| N/A                                              | ACRISURE INC SER A 2 CVT TC686MGV1                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      16611 | NS      | $399992.88    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| ACRISURE LLC / FIN INC 144A                      | ACRISURE LLC / FIN INC SR SECURED 144A 11/30 7.5                                                                                  | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      25000 | PA      | $25445.39     | 0.00%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC TL B 1L BANKDEBT                    | ACRISURE LLC 2025 TERM LOAN B                                                                                                     | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |     218900 | PA      | $212151.31    | 0.04%             | 2032-06-21      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS 144A                          | ADVANCE AUTO PARTS COMPANY GUAR 144A 08/30 7                                                                                      | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     245000 | PA      | $251189.74    | 0.04%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS 144A                          | ADVANCE AUTO PARTS COMPANY GUAR 144A 08/33 7.375                                                                                  | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |     240000 | PA      | $245926.00    | 0.04%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AES ANDES SA 144A                                | AES ANDES SA SR UNSECURED 144A 03/32 6.25                                                                                         | CUSIP: 00111VAD9<br>LEI: 549300IF4IFG0FS0RM26 | Long             | DBT              | CORP              | CL        |     270000 | PA      | $280881.73    | 0.05%             | 2032-03-14      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                     | AES CORP/THE SR UNSECURED 03/32 5.8                                                                                               | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     680000 | PA      | $708807.13    | 0.13%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| N/A                                              | AETHON III SR 2L PP TC51KOPW5                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     330000 | PA      | $327525.00    | 0.06%             | 2027-01-10      | Fixed         | 10.41%                | No            |                  3 | On Loan: No      |
| N/A                                              | AH PARENT, INC. SERIES A TC3I9NQ04                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        250 | NS      | $240350.00    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ALBION FINANCING 1SARL 144A                      | ALBION FINANCING 1SARL / SR SECURED 144A 05/30 7                                                                                  | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     200000 | PA      | $209327.96    | 0.04%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AGGREKO TL B 1L BANKDEBT                         | ALBION FINANCING 3 SARL 2025 USD TERM LOAN                                                                                        | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | LU        |     257792 | PA      | $257632.57    | 0.05%             | 2031-05-21      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| ALDAR PROPERTIES PJSC                            | ALDAR PROPERTIES PJSC SUBORDINATED REGS 04/55 VAR                                                                                 | CUSIP: TC6GBZFG2<br>LEI: 98450048CD8AEF13B480 | Long             | DBT              | CORP              | AE        |     540000 | PA      | $561637.75    | 0.10%             | 2055-04-15      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| ALERA TL B 2L BANKDEBT                           | ALERA GROUP INC 2025 2ND LIEN TERM LOAN                                                                                           | CUSIP: 01451PAD8<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |     880000 | PA      | $860754.40    | 0.15%             | 2033-05-30      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| ALERA GROUP INC TL B 1L USD BANKDEBT             | ALERA GROUP INC 2026 TERM LOAN B                                                                                                  | CUSIP: 01451PAE6<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |     144638 | PA      | $137385.38    | 0.02%             | 2032-05-30      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                         | ALEXANDRIA REAL ESTATE E COMPANY GUAR 05/32 2                                                                                     | CUSIP: 015271AW9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     104000 | PA      | $89265.27     | 0.02%             | 2032-05-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                         | ALEXANDRIA REAL ESTATE E COMPANY GUAR 05/36 5.25                                                                                  | CUSIP: 015271BC2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |      95000 | PA      | $95494.89     | 0.02%             | 2036-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                         | ALEXANDRIA REAL ESTATE E COMPANY GUAR 10/35 5.5                                                                                   | CUSIP: 015271BE8<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |     165000 | PA      | $169432.84    | 0.03%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER 144A                    | ALLIANT HOLD / CO ISSUER SR SECURED 144A 01/31 7                                                                                  | CUSIP: 01883LAF0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     213000 | PA      | $216400.74    | 0.04%             | 2031-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER 144A                    | ALLIANT HOLD / CO ISSUER SR UNSECURED 144A 10/32 7.375                                                                            | CUSIP: 01883LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     520000 | PA      | $515814.09    | 0.09%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDI TL B 1L USD BANKDEBT  | ALLIANT HOLDNGS INTRMDIATE LLC 2025 TERM LOAN B                                                                                   | CUSIP: 01881UAN5<br>LEI: 5493006Q26653NF8SI73 | Long             | LON              | CORP              | US        |     650433 | PA      | $634620.95    | 0.11%             | 2031-09-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ABCLN 2024-B A2 144A                             | ALLY BANK AUTO CREDIT LINKED N ABCLN 2024 B A2 144A                                                                               | CUSIP: 02007G4B6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     133224 | PA      | $134505.81    | 0.02%             | 2032-09-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC 144A                        | ALPHA GENERATION LLC SR UNSECURED 144A 10/32 6.75                                                                                 | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |     230000 | PA      | $239188.85    | 0.04%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                     | ALPHABET INC SR UNSECURED 02/56 5.65                                                                                              | CUSIP: 02079KBP1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     275000 | PA      | $281223.11    | 0.05%             | 2056-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA 144A                            | ALTICE FRANCE SA SR SECURED 144A 07/32 6.875                                                                                      | CUSIP: 02090DAE8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     152439 | PA      | $146345.59    | 0.03%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AADVANTAGE TL B 1L BANKDEBT                      | AMERICAN AIRLINES INC 2025 TERM LOAN                                                                                              | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     418768 | PA      | $417867.32    | 0.07%             | 2028-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                              | AMERICAN TOWER CORP SR UNSECURED 12/32 4.7                                                                                        | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |     195000 | PA      | $196955.10    | 0.04%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMSR 2021-SFR2 A 144A                            | AMSR TRUST AMSR 2021 SFR2 A 144A                                                                                                  | CUSIP: 00179VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     466011 | PA      | $459889.11    | 0.08%             | 2038-08-17      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| AMSR 2021-SFR2 C 144A                            | AMSR TRUST AMSR 2021 SFR2 C 144A                                                                                                  | CUSIP: 00179VAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1445000 | PA      | $1425785.84   | 0.26%             | 2038-08-17      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| AMSR 2021-SFR4 A 144A                            | AMSR TRUST AMSR 2021 SFR4 A 144A                                                                                                  | CUSIP: 66982FAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1752938 | PA      | $1724123.54   | 0.31%             | 2038-12-17      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| AOMT 2022-2 A1 144A                              | ANGEL OAK MORTGAGE TRUST AOMT 2022 2 A1 144A                                                                                      | CUSIP: 03464PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     203216 | PA      | $198499.43    | 0.04%             | 2067-01-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| AOMT 2022-6 A1 144A                              | ANGEL OAK MORTGAGE TRUST AOMT 2022 6 A1 144A                                                                                      | CUSIP: 03465VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     225777 | PA      | $224859.48    | 0.04%             | 2067-07-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| AOMT 2023-6 A2 144A                              | ANGEL OAK MORTGAGE TRUST AOMT 2023 6 A2 144A                                                                                      | CUSIP: 03464UAB2<br>LEI: 254900QAUT3NUZVCSB04 | Long             | ABS-MBS          | CORP              | US        |      74526 | PA      | $74850.30     | 0.01%             | 2067-12-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| AOMT 2025-3 A1 144A                              | ANGEL OAK MORTGAGE TRUST AOMT 2025 3 A1 144A                                                                                      | CUSIP: 03466RAA9<br>LEI: 254900U85BAJNPG0MG65 | Long             | ABS-MBS          | CORP              | US        |     573259 | PA      | $577991.69    | 0.10%             | 2070-03-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC TL B2 1L USD BANKDEBT        | APPLIED SYSTEMS INC 2024 1ST LIEN TERM LOAN                                                                                       | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |     842887 | PA      | $824857.92    | 0.15%             | 2031-02-24      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC TL 2L BANKDEBT               | APPLIED SYSTEMS INC 2024 2ND LIEN TERM LOAN                                                                                       | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    1081059 | PA      | $1063491.68   | 0.19%             | 2032-02-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| APTIV PLC                                        | APTIV SWISS HOLDINGS LTD COMPANY GUAR 12/51 3.1                                                                                   | CUSIP: 03835VAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |     830000 | PA      | $540831.78    | 0.10%             | 2051-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| ARES 2021-60A CR 144A                            | ARES CLO LTD ARES 2021 60A CR 144A                                                                                                | CUSIP: 04018FAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1375000 | PA      | $1375000.00   | 0.25%             | 2034-07-18      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP CVT 6.750000  B             | ARES MANAGEMENT CORP PREFERRED STOCK 10/27 6.75                                                                                   | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |       2720 | NS      | $102272.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES STRATEGIC INCOME FU 144A                    | ARES STRATEGIC INCOME FU SR UNSECURED 144A 09/28 5.45                                                                             | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |     150000 | PA      | $149957.21    | 0.03%             | 2028-09-09      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ARIFL 2025-A B 144A                              | ARI FLEET LEASE TRUST ARIFL 2025 A B 144A                                                                                         | CUSIP: 04033CAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1000000 | PA      | $1017440.20   | 0.18%             | 2034-01-17      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC TL B 1L USD BANKDEBT      | ARSENAL AIC PARENT LLC 2025 TERM LOAN B                                                                                           | CUSIP: 04287KAG6<br>LEI: 254900G9F9HA5EP57J39 | Long             | LON              | CORP              | US        |     173732 | PA      | $173732.12    | 0.03%             | 2030-08-18      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC 144A                      | ARSENAL AIC PARENT LLC UNSECURED 144A 10/31 11.5                                                                                  | CUSIP: 04288BAC4<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |     160000 | PA      | $176404.48    | 0.03%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD                         | ASPEN INSURANCE HLDG LTD SR UNSECURED 07/30 5.75                                                                                  | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |     255000 | PA      | $268019.76    | 0.05%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ASURION TL B4 2L BANKDEBT                        | ASURION LLC 2021 SECOND LIEN TERM LOAN B4                                                                                         | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     286643 | PA      | $286465.41    | 0.05%             | 2029-01-20      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| ASURION LLC TL B13 1L BANKDEBT                   | ASURION LLC 2025 TERM LOAN B13                                                                                                    | CUSIP: 04649VBE9<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     159200 | PA      | $158682.60    | 0.03%             | 2030-09-19      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO 144A                      | ASURION LLC/ASURION CO SR SECURED 144A 02/34 8.375                                                                                | CUSIP: 045941AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     444000 | PA      | $441371.86    | 0.08%             | 2034-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ASURION LLC/ASURION CO 144A                      | ASURION LLC/ASURION CO SR SECURED 144A 12/32 8                                                                                    | CUSIP: 045941AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     540000 | PA      | $568111.35    | 0.10%             | 2032-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                         | AT+T INC SR UNSECURED 11/32 4.55                                                                                                  | CUSIP: 00206RNB4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     335000 | PA      | $337047.03    | 0.06%             | 2032-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| MINERVA MERGER SUB INC 144A                      | ATHENAHEALTH GROUP INC SR UNSECURED 144A 02/30 6.5                                                                                | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |     240000 | PA      | $225650.21    | 0.04%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH TL B 1L BANKDEBT                    | ATHENAHEALTH INC 2022 TERM LOAN B                                                                                                 | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |     274459 | PA      | $266911.48    | 0.05%             | 2029-02-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND 144A                        | ATLAS WAREHOUSE LEND SR UNSECURED 144A 11/30 4.95                                                                                 | CUSIP: 049463AG7<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |     250000 | PA      | $250482.43    | 0.04%             | 2030-11-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AUTOKINITON TL B 1L BANKDEBT                     | AUTOKINITON US HOLDINGS, INC. 2024 TERM LOAN B                                                                                    | CUSIP: 05278HAC0<br>LEI: 254900EHNKMJ1OSEZL85 | Long             | LON              | CORP              | US        |     461341 | PA      | $459283.54    | 0.08%             | 2028-04-06      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| XCAP 2024-1A A3 144A                             | AUXILIOR TERM FUNDING LLC XCAP 2024 1A A3 144A                                                                                    | CUSIP: 05335FAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $101593.00    | 0.02%             | 2031-07-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| AVALARA TL B 1L BANKDEBT                         | AVALARA INC 2025 TERM LOAN                                                                                                        | CUSIP: 05338KAD9<br>LEI: 549300Q16CMW239SS315 | Long             | LON              | CORP              | US        |     567553 | PA      | $525593.66    | 0.09%             | 2032-03-26      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE 144A                     | AVIS BUDGET CAR/FINANCE COMPANY GUAR 144A 01/30 8.25                                                                              | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     145000 | PA      | $146628.01    | 0.03%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| AESOP 2022-5A C 144A                             | AVIS BUDGET RENTAL CAR FUNDING AESOP 2022 5A C 144A                                                                               | CUSIP: 05377RFX7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |      33333 | PA      | $33392.96     | 0.01%             | 2027-04-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| AESOP 2023-2A C 144A                             | AVIS BUDGET RENTAL CAR FUNDING AESOP 2023 2A C 144A                                                                               | CUSIP: 05377RGN8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100578.32    | 0.02%             | 2027-10-20      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| AESOP 2023-2A D 144A                             | AVIS BUDGET RENTAL CAR FUNDING AESOP 2023 2A D 144A                                                                               | CUSIP: 05377RKG8<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     205000 | PA      | $206581.51    | 0.04%             | 2027-10-20      | Fixed         | 7.26%                 | No            |                  2 | On Loan: No      |
| AESOP 2023-3A D 144A                             | AVIS BUDGET RENTAL CAR FUNDING AESOP 2023 3A D 144A                                                                               | CUSIP: 05377RKH6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     115000 | PA      | $116549.63    | 0.02%             | 2028-02-20      | Fixed         | 7.32%                 | No            |                  2 | On Loan: No      |
| AESOP 2024-3A B 144A                             | AVIS BUDGET RENTAL CAR FUNDING AESOP 2024 3A B 144A                                                                               | CUSIP: 05377RJL9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     360000 | PA      | $373789.12    | 0.07%             | 2030-12-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| AESOP 2025-3A B 144A                             | AVIS BUDGET RENTAL CAR FUNDING AESOP 2025 3A B 144A                                                                               | CUSIP: 05377RKX1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     170000 | PA      | $170761.69    | 0.03%             | 2030-02-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| AXIAN TELE HOLD 144A                             | AXIAN TELE HOLD PLC COMPANY GUAR 144A 07/30 7.25                                                                                  | CUSIP: 05465QAA7<br>LEI: 984500B7DCD97EB04857 | Long             | DBT              | CORP              | AE        |     270000 | PA      | $274005.99    | 0.05%             | 2030-07-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| AXIS 2022-1A D 144A                              | AXIS EQUIPMENT FINANCE RECEIVA AXIS 2022 1A D 144A                                                                                | CUSIP: 03236VAE1<br>LEI: 549300K5Y88MV8B4M421 | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $99622.89     | 0.02%             | 2028-08-21      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| AXIS 2022-2A A2 144A                             | AXIS EQUIPMENT FINANCE RECEIVA AXIS 2022 2A A2 144A                                                                               | CUSIP: 03236XAB3<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |      10109 | PA      | $10120.87     | 0.00%             | 2028-06-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AXIS 2024-1A B 144A                              | AXIS EQUIPMENT FINANCE RECEIVA AXIS 2024 1A B 144A                                                                                | CUSIP: 03237CAC6<br>LEI: 254900O8ABFLU3FOSN14 | Long             | ABS-O            | CORP              | US        |     140000 | PA      | $142571.38    | 0.03%             | 2031-01-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC 144A                         | AXON ENTERPRISE INC SR UNSECURED 144A 03/30 6.125                                                                                 | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |      90000 | PA      | $93036.06     | 0.02%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC 144A                         | AXON ENTERPRISE INC SR UNSECURED 144A 03/33 6.25                                                                                  | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     270000 | PA      | $280085.39    | 0.05%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BABSN 2021-3A B1R 144A                           | BABSON CLO LTD BABSN 2021 3A B1R 144A                                                                                             | CUSIP: 06762TAN1<br>LEI: 549300V1VT2NXKFG0H98 | Long             | ABS-CBDO         | CORP              | KY        |    1150000 | PA      | $1150838.35   | 0.21%             | 2035-01-18      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BCC 2022-3A BR 144A                              | BAIN CAPITAL CREDIT CLO, LIMIT BCC 2022 3A BR 144A                                                                                | CUSIP: 05684NAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |     780000 | PA      | $781350.96    | 0.14%             | 2035-07-17      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK 2024-BNK47 A5                               | BANK BANK 2024 BNK47 A5                                                                                                           | CUSIP: 06540GAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     254000 | PA      | $273630.72    | 0.05%             | 2057-06-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | BANK OF AMERICA CORP SR UNSECURED 01/31 VAR                                                                                       | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     795000 | PA      | $825015.03    | 0.15%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA CORP                             | BANK OF AMERICA CORP SR UNSECURED 01/35 VAR                                                                                       | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     477000 | PA      | $499911.62    | 0.09%             | 2035-01-23      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | BANK OF AMERICA CORP SR UNSECURED 01/36 VAR                                                                                       | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |      55000 | PA      | $57653.36     | 0.01%             | 2036-01-24      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | BANK OF AMERICA CORP SR UNSECURED 05/36 VAR                                                                                       | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     425000 | PA      | $445188.34    | 0.08%             | 2036-05-09      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR10 A3                              | BANK5 BANK5 2024 5YR10 A3                                                                                                         | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1270000 | PA      | $1318489.49   | 0.24%             | 2057-10-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR10 AS                              | BANK5 BANK5 2024 5YR10 AS                                                                                                         | CUSIP: 06604AAM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1155000 | PA      | $1196938.17   | 0.21%             | 2057-10-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR12 AS                              | BANK5 BANK5 2024 5YR12 AS                                                                                                         | CUSIP: 06644XBP0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     315000 | PA      | $332097.16    | 0.06%             | 2057-12-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR8 AS                               | BANK5 BANK5 2024 5YR8 AS                                                                                                          | CUSIP: 065923BF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     965000 | PA      | $1021523.33   | 0.18%             | 2057-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| BARBADOS 144A                                    | BARBADOS GOVT OF SR UNSECURED 144A 06/35 8                                                                                        | CUSIP: 067070AK8<br>LEI: 529900UD1KUUS4SFD905 | Long             | DBT              | NUSS              | BB        |     200000 | PA      | $214080.92    | 0.04%             | 2035-06-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | BARCLAYS PLC SR UNSECURED 02/31 VAR                                                                                               | CUSIP: 06738ECY9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     525000 | PA      | $544810.21    | 0.10%             | 2031-02-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | BARCLAYS PLC SR UNSECURED 02/36 VAR                                                                                               | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     215000 | PA      | $225160.65    | 0.04%             | 2036-02-25      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                 | BAT CAPITAL CORP COMPANY GUAR 08/32 5.35                                                                                          | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     320000 | PA      | $335944.96    | 0.06%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BATLN 2018-12A CRR 144A                          | BATTALION CLO LTD BATLN 2018 12A CRR 144A                                                                                         | CUSIP: 07133RBA2<br>LEI: 549300JIE0P78OIZGS60 | Long             | ABS-CBDO         | CORP              | KY        |     305000 | PA      | $304801.45    | 0.05%             | 2031-05-17      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| BATLN 2020-15A BR 144A                           | BATTALION CLO LTD BATLN 2020 15A BR 144A                                                                                          | CUSIP: 07131AAR5<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |    1000000 | PA      | $1001292.00   | 0.18%             | 2033-01-17      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BATLN 2020-15A CR 144A                           | BATTALION CLO LTD BATLN 2020 15A CR 144A                                                                                          | CUSIP: 07131AAT1<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $249909.00    | 0.04%             | 2033-01-17      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| BAUSCH + LOMB CORP TL B 1L BANKDEBT              | BAUSCH + LOMB CORPORATION 2025 REPRICED TERM LOAN                                                                                 | CUSIP: BL5355179<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |     649719 | PA      | $649394.63    | 0.12%             | 2031-01-15      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH TL B 1L BANKDEBT                   | BAUSCH HEALTH COMPANIES INC 2025 TERM LOAN B                                                                                      | CUSIP: 91911K9L8<br>LEI: N/A                  | Long             | LON              | CORP              | CA        |     452725 | PA      | $440401.83    | 0.08%             | 2030-10-08      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| BVCLN 2024-CAR1 B 144A                           | BAYVIEW OPPORTUNITY MASTER FUN BVCLN 2024 CAR1 B 144A                                                                             | CUSIP: 07336QAB8<br>LEI: 254900S53K9VTUR1UX42 | Long             | ABS-O            | CORP              | US        |      87450 | PA      | $87799.07     | 0.02%             | 2031-12-26      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| ENVESTNET TL B 1L USD BANKDEBT                   | BCPE PEQUOD BUYER INC USD TERM LOAN B                                                                                             | CUSIP: 05624AAB8<br>LEI: 254900HEEOS2IWC84V94 | Long             | LON              | CORP              | US        |     273627 | PA      | $264222.17    | 0.05%             | 2031-11-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| BEIGNET INVESTOR LLC 144A                        | BEIGNET INVESTOR LLC SR SECURED 144A 05/49 6.581                                                                                  | CUSIP: 076912AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     750000 | PA      | $796471.32    | 0.14%             | 2049-05-30      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| BMARK 2019-B12 A5                                | BENCHMARK MORTGAGE TRUST BMARK 2019 B12 A5                                                                                        | CUSIP: 08162FAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     635000 | PA      | $614266.30    | 0.11%             | 2052-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BMARK 2019-B13 A4                                | BENCHMARK MORTGAGE TRUST BMARK 2019 B13 A4                                                                                        | CUSIP: 08162DAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     640000 | PA      | $613555.90    | 0.11%             | 2057-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V5 AM                                 | BENCHMARK MORTGAGE TRUST BMARK 2024 V5 AM                                                                                         | CUSIP: 08163XBA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     766535 | PA      | $804891.34    | 0.14%             | 2057-01-10      | Variable      | 6.42%                 | No            |                  2 | On Loan: No      |
| BMARK 2024-V7 A3                                 | BENCHMARK MORTGAGE TRUST BMARK 2024 V7 A3                                                                                         | CUSIP: 08163YAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     255000 | PA      | $269978.75    | 0.05%             | 2056-05-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| BSP 2021-23A B1R 144A                            | BENEFIT STREET PARTNERS CLO LT BSP 2021 23A B1R 144A                                                                              | CUSIP: 08186VAQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     250000 | PA      | $250236.75    | 0.04%             | 2034-04-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND 144A                         | BENIN INTL GOV BOND SR UNSECURED 144A 02/38 7.96                                                                                  | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     280000 | PA      | $294060.57    | 0.05%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| BETTCHER TL 1L BANKDEBT                          | BETTCHER INDUSTRIES INC TERM LOAN                                                                                                 | CUSIP: 59010LAB3<br>LEI: 2549008CJ699WXZAWW31 | Long             | LON              | CORP              | US        |     183328 | PA      | $184187.35    | 0.03%             | 2028-12-14      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| BFLD 2025-5MW C 144A                             | BFLD TRUST BFLD 2025 5MW C 144A                                                                                                   | CUSIP: 088921AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     220000 | PA      | $224619.23    | 0.04%             | 2042-10-10      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PP EUR HOLD                           | BLACKSTONE PP EUR HOLD COMPANY GUAR REGS 03/29 1.75                                                                               | CUSIP: 0929909D4<br>LEI: 213800Y3B5GQFBGVHP79 | Long             | DBT              | CORP              | LU        |     540000 | PA      | $616772.20    | 0.11%             | 2029-03-12      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                          | BLACKSTONE SECURED LEND SR UNSECURED 09/29 5.25                                                                                   | CUSIP: 09261XAM4<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |     175000 | PA      | $173745.56    | 0.03%             | 2029-09-04      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| N/A                                              | BLUE OWL GP STAKES TC3MIPDY0                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     430000 | PA      | $430000.00    | 0.08%             | 2028-10-30      | Fixed         | 4.88%                 | No            |                  3 | On Loan: No      |
| BMO 2024-5C5 AS                                  | BMO MORTGAGE TRUST BMO 2024 5C5 AS                                                                                                | CUSIP: 05593RAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     960000 | PA      | $1013848.03   | 0.18%             | 2057-02-15      | Variable      | 6.36%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | BOEING CO SR UNSECURED 02/50 3.75                                                                                                 | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     142000 | PA      | $105419.60    | 0.02%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE CVT 6.000000                       | BOEING CO/THE PREFERRED STOCK 10/27 6                                                                                             | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |       2219 | NS      | $161831.67    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| BOEING CO/THE                                    | BOEING CO/THE SR UNSECURED 05/54 6.858                                                                                            | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     952000 | PA      | $1092354.11   | 0.20%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| BON SECOURS MERCY                                | BON SECOURS MERCY SECURED 06/30 3.464                                                                                             | CUSIP: 09778PAA3<br>LEI: 5493006NA7JSVYYYF398 | Long             | DBT              | CORP              | US        |     200000 | PA      | $196735.34    | 0.04%             | 2030-06-01      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| BREAKWATER ENRGY HOLD 144A                       | BREAKWATER ENRGY HOLD SR SECURED 144A 11/30 9.25                                                                                  | CUSIP: 10637BAA3<br>LEI: 984500969HAFA937F390 | Long             | DBT              | CORP              | LU        |     250000 | PA      | $265514.11    | 0.05%             | 2030-11-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BLAST 2026-1 C                                   | BRIDGECREST LENDING AUTO SECUR BLAST 2026 1 C                                                                                     | CUSIP: 107927AE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     385000 | PA      | $387478.75    | 0.07%             | 2031-11-17      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                           | BRIXMOR OPERATING PART SR UNSECURED 02/33 4.85                                                                                    | CUSIP: 11120VAP8<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |      85000 | PA      | $85730.35     | 0.02%             | 2033-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                           | BRIXMOR OPERATING PART SR UNSECURED 04/32 5.2                                                                                     | CUSIP: 11120VAN3<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |     225000 | PA      | $232420.57    | 0.04%             | 2032-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | BROADCOM INC SR UNSECURED 02/32 4.55                                                                                              | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     350000 | PA      | $354405.89    | 0.06%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BSREP 2021-DC C 144A                             | BSREP COMMERCIAL MORTGAGE TRUS BSREP 2021 DC C 144A                                                                               | CUSIP: 05591UAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     132079 | PA      | $117549.97    | 0.02%             | 2038-08-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| BX 2024-GPA3 B 144A                              | BX TRUST BX 2024 GPA3 B 144A                                                                                                      | CUSIP: 123910AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      86254 | PA      | $86307.67     | 0.02%             | 2039-12-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BX 2024-MDHS A 144A                              | BX TRUST BX 2024 MDHS A 144A                                                                                                      | CUSIP: 12433BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      96073 | PA      | $96133.52     | 0.02%             | 2041-05-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BX 2024-MDHS B 144A                              | BX TRUST BX 2024 MDHS B 144A                                                                                                      | CUSIP: 12433BAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     101500 | PA      | $101626.90    | 0.02%             | 2041-05-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BX 2024-SLCT B 144A                              | BX TRUST BX 2024 SLCT B 144A                                                                                                      | CUSIP: 12433JAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $100062.50    | 0.02%             | 2042-01-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| BX 2024-SLCT C 144A                              | BX TRUST BX 2024 SLCT C 144A                                                                                                      | CUSIP: 12433JAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     165000 | PA      | $165103.13    | 0.03%             | 2042-01-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| BX 2025-ROIC B 144A                              | BX TRUST BX 2025 ROIC B 144A                                                                                                      | CUSIP: 05593VAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     819853 | PA      | $817803.52    | 0.15%             | 2030-03-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| BX 2025-TAIL A 144A                              | BX TRUST BX 2025 TAIL A 144A                                                                                                      | CUSIP: 123912AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     190000 | PA      | $190000.00    | 0.03%             | 2035-06-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| BX 2025-VOLT A 144A                              | BX TRUST BX 2025 VOLT A 144A                                                                                                      | CUSIP: 05619PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     615000 | PA      | $615576.56    | 0.11%             | 2044-12-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BX 2025-VOLT B 144A                              | BX TRUST BX 2025 VOLT B 144A                                                                                                      | CUSIP: 05619PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     460000 | PA      | $460860.52    | 0.08%             | 2044-12-15      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| BX 2026-CSMO C 144A                              | BX TRUST BX 2026 CSMO C 144A                                                                                                      | CUSIP: 12433LAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $100250.00    | 0.02%             | 2042-02-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC CB 1.125% 03/28                    | CABLE ONE INC                                                                                                                     | CUSIP: 12685JAG0<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     180000 | PA      | $140045.01    | 0.03%             | 2028-03-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC CB 0.00% 3/26                      | CABLE ONE INC                                                                                                                     | CUSIP: 12685JAE5<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |     195000 | PA      | $193849.06    | 0.03%             | 2026-03-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT TL B 1L BANKDEBT           | CAESARS ENTERTAINMENT CORP TERM LOAN B                                                                                            | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |     143071 | PA      | $141909.70    | 0.03%             | 2030-02-06      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA 144A                                | CAIXABANK SA SR UNSECURED 144A 06/35 VAR                                                                                          | CUSIP: 12803RAH7<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    1000000 | PA      | $1073309.15   | 0.19%             | 2035-06-15      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| N/A                                              | CAN 10YR BOND FUT JUN26 XMOD 20260619                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | CA        |        -12 | NC      | $-3800.80     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | CAN 5YR BOND FUT  JUN26 XMOD 20260619                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | CA        |        -20 | NC      | $-3842.09     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CARMX 2022-4 D                                   | CARMAX AUTO OWNER TRUST CARMX 2022 4 D                                                                                            | CUSIP: 14318UAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     205000 | PA      | $211728.55    | 0.04%             | 2029-04-16      | Fixed         | 8.08%                 | No            |                  2 | On Loan: No      |
| CARMX 2023-3 C                                   | CARMAX AUTO OWNER TRUST CARMX 2023 3 C                                                                                            | CUSIP: 14319BAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     190000 | PA      | $193699.41    | 0.03%             | 2029-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-1 C                                   | CARMAX AUTO OWNER TRUST CARMX 2024 1 C                                                                                            | CUSIP: 14318WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      85000 | PA      | $87053.89     | 0.02%             | 2029-08-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-2 D                                   | CARMAX AUTO OWNER TRUST CARMX 2024 2 D                                                                                            | CUSIP: 14319EAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      90000 | PA      | $93503.21     | 0.02%             | 2030-10-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| CARMX 2024-3 D                                   | CARMAX AUTO OWNER TRUST CARMX 2024 3 D                                                                                            | CUSIP: 14319GAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      40000 | PA      | $41115.69     | 0.01%             | 2031-01-15      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| CMXS 2024-A B                                    | CARMAX SELECT RECEIVABLES TRUS CMXS 2024 A B                                                                                      | CUSIP: 14319FAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      40000 | PA      | $40681.92     | 0.01%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CMXS 2024-A C                                    | CARMAX SELECT RECEIVABLES TRUS CMXS 2024 A C                                                                                      | CUSIP: 14319FAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     175000 | PA      | $179636.33    | 0.03%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CMXS 2025-A B                                    | CARMAX SELECT RECEIVABLES TRUS CMXS 2025 A B                                                                                      | CUSIP: 14319UAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1400000 | PA      | $1425400.20   | 0.26%             | 2030-09-16      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| CONE 2024-DFW1 A 144A                            | CART CONE 2024 DFW1 A 144A                                                                                                        | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     120000 | PA      | $119967.76    | 0.02%             | 2041-08-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| CRVNA 2021-P1 D                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2021 P1 D                                                                                    | CUSIP: 14687BAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      95000 | PA      | $94902.49     | 0.02%             | 2027-12-10      | Fixed         | 1.82%                 | No            |                  2 | On Loan: No      |
| CRVNA 2022-N1 D 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2022 N1 D 144A                                                                               | CUSIP: 14686GAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      11029 | PA      | $10962.10     | 0.00%             | 2028-12-11      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CRVNA 2022-P1 C                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2022 P1 C                                                                                    | CUSIP: 14688DAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      30000 | PA      | $29696.77     | 0.01%             | 2028-04-10      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| CRVNA 2023-N1 C 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 N1 C 144A                                                                               | CUSIP: 14688FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     616971 | PA      | $619719.75    | 0.11%             | 2029-07-10      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| CRVNA 2023-N3 B 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2023 N3 B 144A                                                                               | CUSIP: 14686RAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     179385 | PA      | $179944.43    | 0.03%             | 2028-05-10      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-N1 B 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N1 B 144A                                                                               | CUSIP: 14687QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      55000 | PA      | $55492.42     | 0.01%             | 2030-05-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-N1 C 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N1 C 144A                                                                               | CUSIP: 14687QAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     150000 | PA      | $153360.32    | 0.03%             | 2030-05-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-N2 B 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N2 B 144A                                                                               | CUSIP: 14687VAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      60000 | PA      | $60640.90     | 0.01%             | 2030-09-10      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-N2 C 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N2 C 144A                                                                               | CUSIP: 14687VAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      80000 | PA      | $81715.06     | 0.01%             | 2030-09-10      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| CRVNA 2024-N3 B 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2024 N3 B 144A                                                                               | CUSIP: 14687WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     310000 | PA      | $311749.45    | 0.06%             | 2030-12-10      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| CRVNA 2025-N1 A3 144A                            | CARVANA AUTO RECEIVABLES TRUST CRVNA 2025 N1 A3 144A                                                                              | CUSIP: 14688XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     585000 | PA      | $589786.41    | 0.11%             | 2029-08-10      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CRVNA 2025-N1 B 144A                             | CARVANA AUTO RECEIVABLES TRUST CRVNA 2025 N1 B 144A                                                                               | CUSIP: 14688XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1177000 | PA      | $1193738.35   | 0.21%             | 2031-05-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CRVNA 2025-P1 C                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2025 P1 C                                                                                    | CUSIP: 14689MAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1340000 | PA      | $1381841.37   | 0.25%             | 2031-08-11      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| CRVNA 2025-P3 B                                  | CARVANA AUTO RECEIVABLES TRUST CRVNA 2025 P3 B                                                                                    | CUSIP: 14688AAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     105000 | PA      | $106382.99    | 0.02%             | 2031-10-10      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| CARVANA CO 144A                                  | CARVANA CO SR SECURED 144A 06/31 9                                                                                                | CUSIP: 146869AM4<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |     348869 | PA      | $382402.58    | 0.07%             | 2031-06-01      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| CCG 2025-1 A2 144A                               | CCG RECEIVABLES TRUST CCG 2025 1 A2 144A                                                                                          | CUSIP: 12515XAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     177010 | PA      | $177931.98    | 0.03%             | 2032-10-14      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| CCG 2025-1 C 144A                                | CCG RECEIVABLES TRUST CCG 2025 1 C 144A                                                                                           | CUSIP: 12515XAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     500000 | PA      | $508490.00    | 0.09%             | 2032-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP 144A                      | CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 02/33 7                                                                                  | CUSIP: 1248EPCU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     235000 | PA      | $240306.31    | 0.04%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP 144A                      | CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 03/31 7.375                                                                              | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     235000 | PA      | $242484.22    | 0.04%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP 144A                      | CCO HLDGS LLC/CAP CORP SR UNSECURED 144A 06/33 4.5                                                                                | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     175000 | PA      | $156335.83    | 0.03%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                         | CELANESE US HOLDINGS LLC COMPANY GUAR 07/32 7.379                                                                                 | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     265000 | PA      | $279166.20    | 0.05%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                     | CENTENE CORP SR UNSECURED 12/29 4.625                                                                                             | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     805000 | PA      | $785305.34    | 0.14%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CENT 2025-CITY A 144A                            | CENTRAGAS CENT 2025 CITY A 144A                                                                                                   | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     645000 | PA      | $661080.24    | 0.12%             | 2040-07-10      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| CFE FIBRA E 144A                                 | CFE FIBRA E SR UNSECURED 144A 09/40 5.875                                                                                         | CUSIP: 125276AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     198334 | PA      | $197611.82    | 0.04%             | 2040-09-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHARTER NEXT GENERATION TL B 1L USD BANKDEBT     | CHARTER NEX US INC 2025 REPRICED TERM LOAN B                                                                                      | CUSIP: 16125TAP7<br>LEI: 549300KRNU8RNVGYXG75 | Long             | LON              | CORP              | US        |     830556 | PA      | $829517.91    | 0.15%             | 2030-11-29      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CACLN 2025-1 B 144A                              | CHASE AUTO CREDIT LINKED NOTES CACLN 2025 1 B 144A                                                                                | CUSIP: 46591HCS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     393665 | PA      | $397020.74    | 0.07%             | 2033-02-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHASE 2024-RPL4 A1B 144A                         | CHASE MORTGAGE FINANCE CORPORA CHASE 2024 RPL4 A1B 144A                                                                           | CUSIP: 16160NAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      22418 | PA      | $20395.22     | 0.00%             | 2064-12-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| CHPRK 2018-1A BR 144A                            | CHENANGO PARK CLO, LTD. CHPRK 2018 1A BR 144A                                                                                     | CUSIP: 16409TAS8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1235000 | PA      | $1236586.98   | 0.22%             | 2030-04-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX 144A                       | CHILE ELECTRICITY LUX GOVT GUARANT 144A 10/35 5.58                                                                                | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     195501 | PA      | $201994.08    | 0.04%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| N/A                                              | CHPE LLC SR SECURED NOTE TC7MB2AJ0                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $200000.00    | 0.04%             | 2035-09-30      | Fixed         | 5.65%                 | No            |                  3 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS 144A                    | CHS/COMMUNITY HEALTH SYS SR SECURED 144A 01/32 10.875                                                                             | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     259000 | PA      | $281062.87    | 0.05%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                  | CIGNA GROUP/THE SR UNSECURED 09/30 4.5                                                                                            | CUSIP: 125523CX6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     160000 | PA      | $162175.48    | 0.03%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | CITIGROUP INC SR UNSECURED 03/36 VAR                                                                                              | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     270000 | PA      | $278173.46    | 0.05%             | 2036-03-27      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | CITIGROUP INC SR UNSECURED 05/31 VAR                                                                                              | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     825000 | PA      | $847301.95    | 0.15%             | 2031-05-07      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | CITIGROUP INC SR UNSECURED 09/36 VAR                                                                                              | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     280000 | PA      | $284718.52    | 0.05%             | 2036-09-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| CMLTI 2020-EXP2 A3 144A                          | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2020 EXP2 A3 144A                                                                             | CUSIP: 17328PAQ6<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |      76933 | PA      | $69377.87     | 0.01%             | 2050-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CMLTI 2020-EXP2 A4 144A                          | CITIGROUP MORTGAGE LOAN TRUST CMLTI 2020 EXP2 A4 144A                                                                             | CUSIP: 17328PAX1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |     779225 | PA      | $699016.06    | 0.13%             | 2050-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| HNGRY 2021-1A A2 144A                            | CKE RESTAURANTS HOLDINGS INC HNGRY 2021 1A A2 144A                                                                                | CUSIP: 411707AK8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     195775 | PA      | $184714.81    | 0.03%             | 2051-06-20      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| HNGRY 2024-1A A2 144A                            | CKE RESTAURANTS HOLDINGS INC HNGRY 2024 1A A2 144A                                                                                | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      99230 | PA      | $102744.07    | 0.02%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL TL B 1L BANKDEBT                  | CLARIOS GLOBAL LP 2025 USD TERM LOAN B                                                                                            | CUSIP: 7399969F5<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | CA        |     389025 | PA      | $387729.55    | 0.07%             | 2032-01-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN 144A                    | CLARIOS GLOBAL LP/US FIN SR SECURED 144A 02/30 6.75                                                                               | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     145000 | PA      | $151856.16    | 0.03%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLARUS 2024-1A A2 144A                           | CLARUS CAPITAL FUNDING LLC CLARUS 2024 1A A2 144A                                                                                 | CUSIP: 18271JAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      44326 | PA      | $44431.02     | 0.01%             | 2032-08-20      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| CLARUS 2024-1A B 144A                            | CLARUS CAPITAL FUNDING LLC CLARUS 2024 1A B 144A                                                                                  | CUSIP: 18271JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100552.24    | 0.02%             | 2032-08-20      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL WORLDWIDE 144A                     | CLEAR CHANNEL OUTDOOR HO COMPANY GUAR 144A 04/28 7.75                                                                             | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     160000 | PA      | $161324.83    | 0.03%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL WORLDWIDE 144A                     | CLEAR CHANNEL OUTDOOR HO COMPANY GUAR 144A 06/29 7.5                                                                              | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     163000 | PA      | $164187.80    | 0.03%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO 144A                    | CLEAR CHANNEL OUTDOOR HO SR SECURED 144A 02/31 7.125                                                                              | CUSIP: 18453HAG1<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     105000 | PA      | $110928.36    | 0.02%             | 2031-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO 144A                    | CLEAR CHANNEL OUTDOOR HO SR SECURED 144A 03/33 7.5                                                                                | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |      80000 | PA      | $86364.60     | 0.02%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR TL B 1L BANKDEBT           | CLEAR CHANNEL OUTDOOR HOLD INC 2024 TERM LOAN                                                                                     | CUSIP: 18452RAF2<br>LEI: 254900XBEE6V1ENYS150 | Long             | LON              | CORP              | US        |     358368 | PA      | $359339.60    | 0.06%             | 2028-08-21      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| CITRIX TL B2 1L BANKDEBT                         | CLOUD SOFTWARE GROUP INC 2025 TERM LOAN B 2031                                                                                    | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |     342697 | PA      | $317508.74    | 0.06%             | 2031-03-21      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| CITRIX TL B 1L BANKDEBT                          | CLOUD SOFTWARE GROUP INC 2025 TERM LOAN B 2032                                                                                    | CUSIP: 88632NBL3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |     158552 | PA      | $146739.53    | 0.03%             | 2032-08-13      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC 144A                      | CLOUD SOFTWARE GRP INC SECURED 144A 09/29 9                                                                                       | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     525000 | PA      | $511612.91    | 0.09%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC 144A                      | CLOUD SOFTWARE GRP INC SR SECURED 144A 06/32 8.25                                                                                 | CUSIP: 18912UAC6<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |     140000 | PA      | $140122.75    | 0.03%             | 2032-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| COX MEDIA TL B2 1L BANKDEBT                      | CMG MEDIA CORPORATION 2024 TERM LOAN                                                                                              | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     394797 | PA      | $372491.36    | 0.07%             | 2029-06-18      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION 144A                       | CMG MEDIA CORPORATION SECURED 144A 06/29 8.875                                                                                    | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     405000 | PA      | $355658.24    | 0.06%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: —       |
| COBRA ACQUISITIONCO LLC 144A                     | COBRA ACQUISITIONCO LLC SR UNSECURED 144A 11/29 12.25                                                                             | CUSIP: 19106CAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     105000 | PA      | $107097.67    | 0.02%             | 2029-11-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| COFINIMMO                                        | COFINIMMO SR UNSECURED REGS 12/30 0.875                                                                                           | CUSIP: 2240539B6<br>LEI: 549300TM914CSF6KI389 | Long             | DBT              | CORP              | BE        |     300000 | PA      | $319200.90    | 0.06%             | 2030-12-02      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| COGENTRIX TL B 1L BANKDEBT                       | COGENTRIX FINANCE HOLDCO I LLC REPRICED TERM LOAN B                                                                               | CUSIP: 19239LAC0<br>LEI: 254900V51P55ABN4UU67 | Long             | LON              | CORP              | US        |     155550 | PA      | $155112.90    | 0.03%             | 2032-02-26      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CLGIX 2022-1CAN A2 144A                          | COLOGIX DATA CENTERS ISSUER LL CLGIX 2022 1CAN A2 144A                                                                            | CUSIP: 19521DAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |      45000 | PA      | $32925.86     | 0.01%             | 2052-01-25      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| COLT 2025-8 A1 144A                              | COLT FUNDING LLC COLT 2025 8 A1 144A                                                                                              | CUSIP: 19689DAA7<br>LEI: 2138009IZ4NQZAKAEN75 | Long             | ABS-MBS          | CORP              | US        |     573542 | PA      | $579733.53    | 0.10%             | 2070-08-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| COLT 2025-INV2 A3 144A                           | COLT FUNDING LLC COLT 2025 INV2 A3 144A                                                                                           | CUSIP: 12673UAC8<br>LEI: 213800M5KYYIOHI7KW93 | Long             | ABS-MBS          | CORP              | US        |     494211 | PA      | $499272.56    | 0.09%             | 2070-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| COMISION FEDERAL DE ELEC 144A                    | COMISION FEDERAL DE ELEC COMPANY GUAR 144A 01/34 6.045                                                                            | CUSIP: 200447AQ3<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |     630000 | PA      | $636815.66    | 0.11%             | 2034-01-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| COMM 2016-CR28 B                                 | COMM MORTGAGE TRUST COMM 2016 CR28 B                                                                                              | CUSIP: 12593YBL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      40000 | PA      | $39200.40     | 0.01%             | 2049-02-10      | Variable      | 4.57%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                              | COMMONSPIRIT HEALTH SR SECURED 10/30 2.782                                                                                        | CUSIP: 20268JAF0<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |      48000 | PA      | $45154.27     | 0.01%             | 2030-10-01      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| COMSTOCK RESOURCES INC 144A                      | COMSTOCK RESOURCES INC COMPANY GUAR 144A 03/29 6.75                                                                               | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |     230000 | PA      | $229288.53    | 0.04%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INMARSAT TL B 1L BANKDEBT                        | CONNECT FINCO SARL 2024 EXTENDED TERM LOAN B                                                                                      | CUSIP: 4576399B0<br>LEI: 2594001KNYIQ456J2792 | Long             | LON              | CORP              | LU        |     163054 | PA      | $162722.93    | 0.03%             | 2029-09-27      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE 144A                    | CONNECT FINCO SARL/CONNE SR SECURED 144A 09/29 9                                                                                  | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     200000 | PA      | $212184.68    | 0.04%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE TL B 1L BANKDEBT                     | CORNERSTONE GENERATION LLC TERM LOAN B                                                                                            | CUSIP: 21924NAB4<br>LEI: 254900JBGAU2N55LVN75 | Long             | LON              | CORP              | US        |     289106 | PA      | $289466.95    | 0.05%             | 2032-08-11      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| CORPORACION INMOBILIARIA 144A                    | CORPORACION INMOBILIARIA COMPANY GUAR 144A 01/33 5.5                                                                              | CUSIP: 21989DAB8<br>LEI: 4469000001BIRIFZJ959 | Long             | DBT              | CORP              | MX        |     290000 | PA      | $291665.07    | 0.05%             | 2033-01-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT 144A                       | COSTA RICA GOVERNMENT BONDS 144A 01/36 6.001                                                                                      | CUSIP: 221602AE5<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    1250000 | PA      | $1548265.41   | 0.28%             | 2036-01-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CPM HOLDINGS TL 1L BANKDEBT                      | CPM HOLDINGS, INC. 2023 TERM LOAN                                                                                                 | CUSIP: 12620BAR1<br>LEI: 549300FBUISJCXV8IB65 | Long             | LON              | CORP              | US        |     278429 | PA      | $272729.52    | 0.05%             | 2028-09-28      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE 144A                     | CRESCENT ENERGY FINANCE COMPANY GUAR 144A 01/33 7.375                                                                             | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     410000 | PA      | $407452.17    | 0.07%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE 144A                     | CRESCENT ENERGY FINANCE COMPANY GUAR 144A 04/32 7.625                                                                             | CUSIP: 45344LAD5<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     105000 | PA      | $106111.48    | 0.02%             | 2032-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE 144A                     | CRESCENT ENERGY FINANCE COMPANY GUAR 144A 10/30 9.75                                                                              | CUSIP: 45344LAJ2<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     155000 | PA      | $166650.47    | 0.03%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CROSS 2024-H6 A1 144A                            | CROSS MORTGAGE TRUST CROSS 2024 H6 A1 144A                                                                                        | CUSIP: 227919AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     176282 | PA      | $176916.71    | 0.03%             | 2069-09-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H4 A1 144A                            | CROSS MORTGAGE TRUST CROSS 2025 H4 A1 144A                                                                                        | CUSIP: 22790AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1999341 | PA      | $2021418.52   | 0.36%             | 2070-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| CROSS 2025-H5 A1B 144A                           | CROSS MORTGAGE TRUST CROSS 2025 H5 A1B 144A                                                                                       | CUSIP: 227920AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     333120 | PA      | $336004.17    | 0.06%             | 2070-07-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| CRNPT 2018-7A AR 144A                            | CROWN POINT CLO 7, LTD CRNPT 2018 7A AR 144A                                                                                      | CUSIP: 22846MAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |       8193 | PA      | $8191.74      | 0.00%             | 2031-10-20      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| CSAIL 2016-C6 A5                                 | CSAIL COMMERCIAL MORTGAGE TRUS CSAIL 2016 C6 A5                                                                                   | CUSIP: 12636MAE8<br>LEI: 549300C2HE5FJAWYZL57 | Long             | ABS-MBS          | CORP              | US        |      38051 | PA      | $37942.14     | 0.01%             | 2049-01-15      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| CSAIL 2019-C18 C                                 | CSAIL COMMERCIAL MORTGAGE TRUS CSAIL 2019 C18 C                                                                                   | CUSIP: 12597DAK1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     145000 | PA      | $136642.84    | 0.02%             | 2052-12-15      | Variable      | 3.91%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC 144A                            | CSC HOLDINGS LLC COMPANY GUAR 144A 01/29 11.75                                                                                    | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     200000 | PA      | $142535.17    | 0.03%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC 144A                            | CSC HOLDINGS LLC COMPANY GUAR 144A 04/27 5.5                                                                                      | CUSIP: 126307AQ0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     200000 | PA      | $169204.13    | 0.03%             | 2027-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC 144A                            | CSC HOLDINGS LLC COMPANY GUAR 144A 05/28 11.25                                                                                    | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     200000 | PA      | $158417.21    | 0.03%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| ALTICE TL B5 1L BANKDEBT                         | CSC HOLDINGS, LLC 2019 TERM LOAN B5                                                                                               | CUSIP: 64072UAK8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | LON              | CORP              | US        |     699496 | PA      | $603315.54    | 0.11%             | 2027-04-15      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS HEALTH CORP JR SUBORDINA 03/55 VAR                                                                                            | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     176000 | PA      | $185128.71    | 0.03%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS HEALTH CORP JR SUBORDINA 12/54 VAR                                                                                            | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     738000 | PA      | $769357.91    | 0.14%             | 2054-12-10      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS HEALTH CORP SR UNSECURED 02/53 5.625                                                                                          | CUSIP: 126650DV9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     630000 | PA      | $599541.54    | 0.11%             | 2053-02-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CYRUS 2024-2A A2 144A                            | CYRUSONE DATA CENTERS ISSUER I CYRUS 2024 2A A2 144A                                                                              | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     225000 | PA      | $222340.05    | 0.04%             | 2049-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                              | DAINTREE BIDCO PTY LTD TERM LOAN B                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | AU        |      90000 | PA      | $88650.00     | 0.02%             | 2032-11-24      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| DEFT 2024-1 C 144A                               | DELL EQUIPMENT FINANCE TRUST DEFT 2024 1 C 144A                                                                                   | CUSIP: 24702GAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1610000 | PA      | $1626157.96   | 0.29%             | 2030-03-22      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| DEFT 2024-1 D 144A                               | DELL EQUIPMENT FINANCE TRUST DEFT 2024 1 D 144A                                                                                   | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $101282.13    | 0.02%             | 2030-09-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DEFT 2024-2 B 144A                               | DELL EQUIPMENT FINANCE TRUST DEFT 2024 2 B 144A                                                                                   | CUSIP: 24704EAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100589.10    | 0.02%             | 2030-08-22      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| DEFT 2024-2 D 144A                               | DELL EQUIPMENT FINANCE TRUST DEFT 2024 2 D 144A                                                                                   | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $101064.30    | 0.02%             | 2031-02-24      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| FORMULA ONE TL B1 1L BANKDEBT                    | DELTA 2 LUX SARL 2024 TERM LOAN B1                                                                                                | CUSIP: 3469959L9<br>LEI: 549300BBG8Z3D6QSYP53 | Long             | LON              | CORP              | LU        |     195000 | PA      | $195146.25    | 0.03%             | 2031-09-10      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| INFOBLOX TL 2L BANKDEBT                          | DELTA TOPCO, INC 2024 2ND LIEN TERM LOAN                                                                                          | CUSIP: 24780DAH0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     440000 | PA      | $374550.00    | 0.07%             | 2030-11-29      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| DEXT 2025-1 C 144A                               | DEXT ABS DEXT 2025 1 C 144A                                                                                                       | CUSIP: 252154AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1340000 | PA      | $1372069.42   | 0.25%             | 2035-08-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                           | DIAMONDBACK ENERGY INC COMPANY GUAR 04/34 5.4                                                                                     | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     425000 | PA      | $441975.40    | 0.08%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                           | DIAMONDBACK ENERGY INC COMPANY GUAR 04/54 5.75                                                                                    | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     864000 | PA      | $842861.52    | 0.15%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC 144A                       | DIRECTV FIN LLC/COINC SR SECURED 144A 02/31 10                                                                                    | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     170000 | PA      | $173878.39    | 0.03%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DIRECTV TL B 1L BANKDEBT                         | DIRECTV FINANCING LLC 2025 TERM LOAN B                                                                                            | CUSIP: 25460HAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     210947 | PA      | $210588.32    | 0.04%             | 2031-02-17      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC 144A                       | DIRECTV FINANCING LLC SR SECURED 144A 02/30 8.875                                                                                 | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      85000 | PA      | $85064.25     | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| N/A                                              | DISCO PARENT INC 2025 TERM LOAN B                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     164588 | PA      | $160061.34    | 0.03%             | 2032-08-06      | Floating      | 6.67%                 | No            |                  3 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | DISCOVERY HOLDINGS INC COMPANY GUAR 03/42 5.05                                                                                    | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     275000 | PA      | $193218.65    | 0.03%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                    | DISH DBS CORP COMPANY GUAR 07/28 7.375                                                                                            | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     180000 | PA      | $174066.41    | 0.03%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP 144A                               | DISH DBS CORP SR SECURED 144A 12/26 5.25                                                                                          | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     265000 | PA      | $257486.39    | 0.05%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP 144A                               | DISH DBS CORP SR SECURED 144A 12/28 5.75                                                                                          | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     195000 | PA      | $188864.25    | 0.03%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DLLAA 2023-1A A3 144A                            | DLLAA LLC DLLAA 2023 1A A3 144A                                                                                                   | CUSIP: 23292HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      36547 | PA      | $36929.55     | 0.01%             | 2028-02-22      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| DLLAA 2023-1A A4 144A                            | DLLAA LLC DLLAA 2023 1A A4 144A                                                                                                   | CUSIP: 23292HAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      65000 | PA      | $66980.40     | 0.01%             | 2031-10-20      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| DLLST 2024-1A A4 144A                            | DLLST LLC DLLST 2024 1A A4 144A                                                                                                   | CUSIP: 23346HAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      40000 | PA      | $40361.00     | 0.01%             | 2030-04-22      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| DRIVE 2025-2 B                                   | DRIVE AUTO RECEIVABLES TRUST DRIVE 2025 2 B                                                                                       | CUSIP: 262103AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     230000 | PA      | $230654.88    | 0.04%             | 2032-09-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| DRSLF 2021-93A BR 144A                           | DRYDEN SENIOR LOAN FUND DRSLF 2021 93A BR 144A                                                                                    | CUSIP: 26190TAS0<br>LEI: 5493009K6Z2DW3X76185 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250618.25    | 0.04%             | 2038-01-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| DYE & DURHAM LIMITED 144A                        | DYE + DURHAM LIMITED SR SECURED 144A 04/29 8.625                                                                                  | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     180000 | PA      | $149994.92    | 0.03%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: —       |
| DYE & DURHAM CORP TL B 1L BANKDEBT               | DYE AND DURHAM CORPORATION 2024 USD TERM LOAN B                                                                                   | CUSIP: TC1QR4Q26<br>LEI: 549300XUQDPIC5QRY347 | Long             | LON              | CORP              | CA        |      91489 | PA      | $81120.75     | 0.01%             | 2031-04-11      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS TL B2 1L BANKDEBT                     | E W SCRIPPS COMPANY THE 2025 TERM LOAN B2                                                                                         | CUSIP: 26928BAQ2<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |     138507 | PA      | $139545.98    | 0.02%             | 2028-06-30      | Floating      | 9.53%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL 144A                    | EAGLE FUNDING LUXCO SARL SR UNSECURED 144A 08/30 5.5                                                                              | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |     590000 | PA      | $601538.36    | 0.11%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                                    | ECHOSTAR CORP SR SECURED 11/29 10.75                                                                                              | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |     700000 | PA      | $764510.59    | 0.14%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| EDELMAN FINANCIAL CENTER TL 2L BANKDEBT          | EDELMAN FINANCIAL CENTER LLC 2024 2ND LIEN TERM LOAN                                                                              | CUSIP: 27943TAC3<br>LEI: 549300Z31KZXNP05U733 | Long             | LON              | CORP              | US        |      25173 | PA      | $24900.72     | 0.00%             | 2028-10-06      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| EG GROUP TL B 1L BANKDEBT                        | EG AMERICA LLC 2026 TERM LOAN B                                                                                                   | CUSIP: 28228QAB5<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |     298000 | PA      | $297329.50    | 0.05%             | 2031-02-10      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC 144A                       | EG GLOBAL FINANCE PLC SR SECURED 144A 11/28 12                                                                                    | CUSIP: 28228PAC5<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $215032.54    | 0.04%             | 2028-11-30      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| EHGVT 2023-A A 144A                              | ELARA HGV TIMESHARE ISSUER EHGVT 2023 A A 144A                                                                                    | CUSIP: 28415AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      46167 | PA      | $47979.55     | 0.01%             | 2038-02-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| EHGVT 2023-A C 144A                              | ELARA HGV TIMESHARE ISSUER EHGVT 2023 A C 144A                                                                                    | CUSIP: 28415AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      46167 | PA      | $47997.92     | 0.01%             | 2038-02-25      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| EFMT 2024-INV2 A1 144A                           | ELLINGTON FINANCIAL MORTGAGE T EFMT 2024 INV2 A1 144A                                                                             | CUSIP: 26844LAA6<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |     788298 | PA      | $790649.27    | 0.14%             | 2069-10-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| EFMT 2024-INV2 A2 144A                           | ELLINGTON FINANCIAL MORTGAGE T EFMT 2024 INV2 A2 144A                                                                             | CUSIP: 26844LAB4<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |      83418 | PA      | $83763.91     | 0.01%             | 2069-10-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-INV1 A1 144A                           | ELLINGTON FINANCIAL MORTGAGE T EFMT 2025 INV1 A1 144A                                                                             | CUSIP: 26846XAA8<br>LEI: 2549005YTE90D77H8V23 | Long             | ABS-MBS          | CORP              | US        |     145098 | PA      | $146954.61    | 0.03%             | 2070-03-25      | Variable      | 5.63%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-INV2 A1 144A                           | ELLINGTON FINANCIAL MORTGAGE T EFMT 2025 INV2 A1 144A                                                                             | CUSIP: 281914AA9<br>LEI: 254900ZO1GLQXE3JWX68 | Long             | ABS-MBS          | CORP              | US        |     259080 | PA      | $261527.83    | 0.05%             | 2070-05-26      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-NQM3 A1 144A                           | ELLINGTON FINANCIAL MORTGAGE T EFMT 2025 NQM3 A1 144A                                                                             | CUSIP: 26846YAC2<br>LEI: 2549007I2BIJP4S0O647 | Long             | ABS-MBS          | CORP              | US        |    1237031 | PA      | $1250643.77   | 0.22%             | 2070-08-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-NQM6 A1 144A                           | ELLINGTON FINANCIAL MORTGAGE T EFMT 2025 NQM6 A1 144A                                                                             | CUSIP: 281916AE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     147349 | PA      | $148187.99    | 0.03%             | 2070-12-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC TL B 1L BANKDEBT           | ELLUCIAN HOLDINGS, INC. 2024 1ST LIEN TERM LOAN B                                                                                 | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |     188212 | PA      | $181692.69    | 0.03%             | 2029-10-09      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC TL 2L BANKDEBT             | ELLUCIAN HOLDINGS, INC. 2024 2ND LIEN TERM LOAN                                                                                   | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    1011017 | PA      | $970576.54    | 0.17%             | 2032-11-22      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| DURAVANT TL 2L BANKDEBT                          | ENGINEERED MACHINERY HOLD INC 2021 USD 2ND LIEN TL                                                                                | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |     645960 | PA      | $649189.82    | 0.12%             | 2029-05-21      | Floating      | 9.93%                 | No            |                  3 | On Loan: No      |
| EFF 2023-1 A3 144A                               | ENTERPRISE FLEET FINANCING LLC EFF 2023 1 A3 144A                                                                                 | CUSIP: 29375CAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100761.98    | 0.02%             | 2029-10-22      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| EFF 2025-3 A3 144A                               | ENTERPRISE FLEET FINANCING LLC EFF 2025 3 A3 144A                                                                                 | CUSIP: 29375UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     215000 | PA      | $218110.23    | 0.04%             | 2029-09-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| ENDEAVOR TL B 1L BANKDEBT                        | EOC BORROWER LLC TERM LOAN B                                                                                                      | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     238800 | PA      | $237785.10    | 0.04%             | 2032-03-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORP TL B 1L BANKDEBT            | EPICOR SOFTWARE CORPORATION 2024 TERM LOAN F                                                                                      | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |     388166 | PA      | $375927.01    | 0.07%             | 2031-05-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| N/A                                              | EURO-BOBL FUTURE  MAR26 XEUR 20260306                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |         -8 | NC      | $-7751.01     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | EURO-BTP FUTURE   MAR26 XEUR 20260306                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |          5 | NC      | $11242.81     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | EURO-BUND FUTURE  MAR26 XEUR 20260306                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |        -23 | NC      | $-64038.31    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | EURO-BUXL 30Y BND MAR26 XEUR 20260306                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |          2 | NC      | $4841.91      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | EURO-OAT FUTURE   MAR26 XEUR 20260306                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |          8 | NC      | $23610.33     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | EURO-SCHATZ FUT   MAR26 XEUR 20260306                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | DE        |        -23 | NC      | $-3422.93     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| EW SCRIPPS CO 144A                               | EW SCRIPPS CO SECURED 144A 08/30 9.875                                                                                            | CUSIP: 811054AH8<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |     280000 | PA      | $282954.90    | 0.05%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| EW SCRIPPS CO TL B3 1L USD BANKDEBT              | EW SCRIPPS COMPANY THE 2025 TERM LOAN B3                                                                                          | CUSIP: 26928BAR0<br>LEI: 549300U1OW41QPKYW028 | Long             | LON              | CORP              | US        |     252484 | PA      | $244404.83    | 0.04%             | 2029-11-30      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| EART 2023-1A D                                   | EXETER AUTOMOBILE RECEIVABLES EART 2023 1A D                                                                                      | CUSIP: 30168BAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       4472 | PA      | $4541.03      | 0.00%             | 2029-06-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| EART 2025-2A B                                   | EXETER AUTOMOBILE RECEIVABLES EART 2025 2A B                                                                                      | CUSIP: 30168JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     780000 | PA      | $786973.51    | 0.14%             | 2029-09-17      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| EART 2025-4A B                                   | EXETER AUTOMOBILE RECEIVABLES EART 2025 4A B                                                                                      | CUSIP: 30167KAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     190000 | PA      | $191508.11    | 0.03%             | 2030-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EART 2025-4A C                                   | EXETER AUTOMOBILE RECEIVABLES EART 2025 4A C                                                                                      | CUSIP: 30167KAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     685000 | PA      | $692096.87    | 0.12%             | 2031-06-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| ESART 2025-2 B                                   | EXETER SELECT AUTOMOBILE RECEI ESART 2025 2 B                                                                                     | CUSIP: 30185EAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     180000 | PA      | $182408.87    | 0.03%             | 2031-11-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ESART 2025-2 C                                   | EXETER SELECT AUTOMOBILE RECEI ESART 2025 2 C                                                                                     | CUSIP: 30185EAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     435000 | PA      | $442243.97    | 0.08%             | 2031-12-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| ESART 2025-3 B                                   | EXETER SELECT AUTOMOBILE RECEI ESART 2025 3 B                                                                                     | CUSIP: 30185FAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     650000 | PA      | $656374.42    | 0.12%             | 2032-03-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| ESART 2025-3 C                                   | EXETER SELECT AUTOMOBILE RECEI ESART 2025 3 C                                                                                     | CUSIP: 30185FAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     725000 | PA      | $739304.03    | 0.13%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ESA 2025-ESH C 144A                              | EXTENDED STAY AMERICA TRUST ESA 2025 ESH C 144A                                                                                   | CUSIP: 30227TAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     325000 | PA      | $325814.61    | 0.06%             | 2042-10-15      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| CAS 2025-R01 1M1 144A                            | FANNIE MAE   CAS CAS 2025 R01 1M1 144A                                                                                            | CUSIP: 20755JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     532538 | PA      | $532867.05    | 0.10%             | 2045-01-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| CAS 2025-R02 1A1 144A                            | FANNIE MAE   CAS CAS 2025 R02 1A1 144A                                                                                            | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1298550 | PA      | $1299762.55   | 0.23%             | 2045-02-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| FNR 2020-75 BI                                   | FANNIE MAE FNR 2020 75 BI                                                                                                         | CUSIP: 3136BCJH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    4899866 | PA      | $625018.32    | 0.11%             | 2050-11-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNR 2020-89 DI                                   | FANNIE MAE FNR 2020 89 DI                                                                                                         | CUSIP: 3136BCD80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    6152742 | PA      | $998646.39    | 0.18%             | 2050-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNR 2020-97 AI                                   | FANNIE MAE FNR 2020 97 AI                                                                                                         | CUSIP: 3136BDEF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2974140 | PA      | $400202.18    | 0.07%             | 2051-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNR 2023-2 DI                                    | FANNIE MAE FNR 2023 2 DI                                                                                                          | CUSIP: 3136BPUZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     856331 | PA      | $110387.29    | 0.02%             | 2051-05-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNR 2023-2 EI                                    | FANNIE MAE FNR 2023 2 EI                                                                                                          | CUSIP: 3136BPVA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1315405 | PA      | $209933.56    | 0.04%             | 2051-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QC8491 FR 10/51 FIXED 2.5                                                                                       | CUSIP: 3133ATNG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     101975 | PA      | $89964.81     | 0.02%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QD8674 FR 03/52 FIXED 3                                                                                         | CUSIP: 3133B6T75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     610292 | PA      | $557712.01    | 0.10%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QI9074 FR 06/54 FIXED 6                                                                                         | CUSIP: 3133WGCK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      22978 | PA      | $23625.91     | 0.00%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QJ3040 FR 09/54 FIXED 5.5                                                                                       | CUSIP: 3133CTLV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      65486 | PA      | $67058.00     | 0.01%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QJ5643 FR 09/54 FIXED 6.5                                                                                       | CUSIP: 3133CWHU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      27284 | PA      | $28436.96     | 0.01%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FED HM LN PC POOL QN8025 FR 10/36 FIXED 2.5                                                                                       | CUSIP: 3133GE4J4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      52260 | PA      | $49983.73     | 0.01%             | 2036-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QX1253 FR 12/54 FIXED 6                                                                                         | CUSIP: 31425VMB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     947852 | PA      | $973518.69    | 0.17%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QY2115 FR 05/55 FIXED 6                                                                                         | CUSIP: 31426LK52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     104725 | PA      | $108305.95    | 0.02%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QY4616 FR 06/55 FIXED 6                                                                                         | CUSIP: 31426PDW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     394971 | PA      | $407022.38    | 0.07%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL QZ5224 FR 10/55 FIXED 5.5                                                                                       | CUSIP: 31427CYW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     530605 | PA      | $541490.07    | 0.10%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA3046 FR 07/50 FIXED 2                                                                                         | CUSIP: 3133KJL34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1782496 | PA      | $1506363.42   | 0.27%             | 2050-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA5258 FR 05/51 FIXED 2                                                                                         | CUSIP: 3133KLZX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      41501 | PA      | $34650.21     | 0.01%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA5561 FR 07/51 FIXED 2                                                                                         | CUSIP: 3133KMFA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      86169 | PA      | $72494.85     | 0.01%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA5680 FR 08/51 FIXED 2                                                                                         | CUSIP: 3133KMJZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      22963 | PA      | $19148.40     | 0.00%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA5714 FR 03/52 FIXED 2                                                                                         | CUSIP: 3133KMK38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     576583 | PA      | $484806.72    | 0.09%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA6019 FR 10/51 FIXED 2.5                                                                                       | CUSIP: 3133KMVL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      22809 | PA      | $19981.98     | 0.00%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA6623 FR 01/52 FIXED 2.5                                                                                       | CUSIP: 3133KNLC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      41873 | PA      | $36839.32     | 0.01%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA6766 FR 02/52 FIXED 2.5                                                                                       | CUSIP: 3133KNQT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     423297 | PA      | $372281.09    | 0.07%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA6815 FR 02/52 FIXED 2.5                                                                                       | CUSIP: 3133KNSC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    2793475 | PA      | $2450459.08   | 0.44%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA6962 FR 03/52 FIXED 2.5                                                                                       | CUSIP: 3133KNWX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     937941 | PA      | $824677.37    | 0.15%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA7554 FR 06/52 FIXED 4                                                                                         | CUSIP: 3133KPMB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     190804 | PA      | $186321.41    | 0.03%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RA8551 FR 02/53 FIXED 6                                                                                         | CUSIP: 3133KQQC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1311549 | PA      | $1373285.44   | 0.25%             | 2053-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FED HM LN PC POOL RB5107 FR 04/41 FIXED 1.5                                                                                       | CUSIP: 3133KYU80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      51206 | PA      | $44484.57     | 0.01%             | 2041-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FED HM LN PC POOL RB5148 FR 03/42 FIXED 2                                                                                         | CUSIP: 3133KYWH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     214798 | PA      | $191737.93    | 0.03%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FED HM LN PC POOL RB5154 FR 04/42 FIXED 2.5                                                                                       | CUSIP: 3133KYWP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      72796 | PA      | $66906.53     | 0.01%             | 2042-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RJ1716 FR 06/54 FIXED 6                                                                                         | CUSIP: 3142GR4A5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     110802 | PA      | $114834.74    | 0.02%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RJ1975 FR 07/54 FIXED 6                                                                                         | CUSIP: 3142GSFR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      47161 | PA      | $48812.50     | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RJ2623 FR 10/54 FIXED 5.5                                                                                       | CUSIP: 3142GS4H8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      61109 | PA      | $62742.37     | 0.01%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RJ3906 FR 04/55 FIXED 6                                                                                         | CUSIP: 3142GUKU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     301638 | PA      | $311231.42    | 0.06%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RJ4695 FR 08/55 FIXED 6                                                                                         | CUSIP: 3142GVGD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3337312 | PA      | $3447034.23   | 0.62%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RJ4778 FR 09/55 FIXED 5.5                                                                                       | CUSIP: 3142GVJY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    2017276 | PA      | $2066321.73   | 0.37%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL RJ4780 FR 09/55 FIXED 6.5                                                                                       | CUSIP: 3142GVJ28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     344389 | PA      | $360718.72    | 0.06%             | 2055-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FED HM LN PC POOL SB0217 FR 01/33 FIXED 3                                                                                         | CUSIP: 3132CWG24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      34989 | PA      | $34300.81     | 0.01%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FED HM LN PC POOL SB8189 FR 11/37 FIXED 4                                                                                         | CUSIP: 3132D6C24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     147723 | PA      | $147262.61    | 0.03%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FED HM LN PC POOL SB8215 FR 03/38 FIXED 4                                                                                         | CUSIP: 3132D6DU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      70026 | PA      | $69807.79     | 0.01%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FED HM LN PC POOL SC0329 FR 02/40 FIXED 3                                                                                         | CUSIP: 3132D9LJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     192300 | PA      | $184433.73    | 0.03%             | 2040-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD0784 FR 12/51 FIXED 2                                                                                         | CUSIP: 3132DM2R5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     273339 | PA      | $229485.10    | 0.04%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD0922 FR 03/52 FIXED 2.5                                                                                       | CUSIP: 3132DNAX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3687513 | PA      | $3243093.58   | 0.58%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD1116 FR 06/52 FIXED 3.5                                                                                       | CUSIP: 3132DNGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     482791 | PA      | $457290.02    | 0.08%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD1266 FR 06/52 FIXED 3                                                                                         | CUSIP: 3132DNMP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      65890 | PA      | $60213.22     | 0.01%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD1840 FR 06/52 FIXED 3                                                                                         | CUSIP: 3132DPBH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     135235 | PA      | $123583.47    | 0.02%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD2666 FR 03/53 FIXED 5                                                                                         | CUSIP: 3132DP6B9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      58507 | PA      | $59145.73     | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD3041 FR 05/53 FIXED 5                                                                                         | CUSIP: 3132DQLW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      29768 | PA      | $30076.66     | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD3580 FR 04/52 FIXED 2                                                                                         | CUSIP: 3132DQ6R2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      53386 | PA      | $44963.30     | 0.01%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD3630 FR 08/53 FIXED 5.5                                                                                       | CUSIP: 3132E0A77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     199962 | PA      | $204576.79    | 0.04%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD4653 FR 07/53 FIXED 5                                                                                         | CUSIP: 3132DSE24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     181383 | PA      | $183574.23    | 0.03%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD4967 FR 02/54 FIXED 5.5                                                                                       | CUSIP: 3132DSQU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      52133 | PA      | $53460.50     | 0.01%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD4999 FR 08/53 FIXED 5                                                                                         | CUSIP: 3132DSRU8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1780060 | PA      | $1794612.22   | 0.32%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD5565 FR 05/54 FIXED 5.5                                                                                       | CUSIP: 3132DTFE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      40242 | PA      | $41351.08     | 0.01%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD5865 FR 08/54 FIXED 5.5                                                                                       | CUSIP: 3132DTQS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     995983 | PA      | $1020315.97   | 0.18%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6048 FR 07/54 FIXED 6                                                                                         | CUSIP: 3132DTWH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     330298 | PA      | $343166.93    | 0.06%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6155 FR 08/54 FIXED 5.5                                                                                       | CUSIP: 3132DTZU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     528296 | PA      | $539910.08    | 0.10%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6382 FR 07/54 FIXED 5                                                                                         | CUSIP: 3132DUCT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      61284 | PA      | $61600.64     | 0.01%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6569 FR 10/54 FIXED 5.5                                                                                       | CUSIP: 3132DUJN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      74811 | PA      | $76785.49     | 0.01%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6638 FR 10/54 FIXED 5.5                                                                                       | CUSIP: 3132DULT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      63792 | PA      | $65341.32     | 0.01%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6767 FR 10/54 FIXED 6                                                                                         | CUSIP: 3132DUQU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     207221 | PA      | $214325.99    | 0.04%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6891 FR 10/54 FIXED 6                                                                                         | CUSIP: 3132DUUQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     280875 | PA      | $290873.90    | 0.05%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6907 FR 12/54 FIXED 5                                                                                         | CUSIP: 3132DUU88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     825545 | PA      | $832246.62    | 0.15%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD6963 FR 10/52 FIXED 4                                                                                         | CUSIP: 3132DUWY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     351772 | PA      | $343426.75    | 0.06%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD7231 FR 12/54 FIXED 5.5                                                                                       | CUSIP: 3132DVA88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     368873 | PA      | $376471.35    | 0.07%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD7265 FR 10/54 FIXED 6.5                                                                                       | CUSIP: 3132DVCA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     627859 | PA      | $654668.91    | 0.12%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD7360 FR 10/54 FIXED 6                                                                                         | CUSIP: 3132DVE92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     159971 | PA      | $165793.41    | 0.03%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD7362 FR 09/54 FIXED 5.5                                                                                       | CUSIP: 3132DVFB6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1115725 | PA      | $1148047.38   | 0.21%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD7553 FR 03/52 FIXED 3                                                                                         | CUSIP: 3132DVMA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    2528134 | PA      | $2321110.34   | 0.42%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8005 FR 08/49 FIXED 3.5                                                                                       | CUSIP: 3132DV3N3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     324551 | PA      | $308699.51    | 0.06%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8167 FR 09/51 FIXED 2.5                                                                                       | CUSIP: 3132DWCC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     108989 | PA      | $95138.51     | 0.02%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8194 FR 02/52 FIXED 2.5                                                                                       | CUSIP: 3132DWC76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1052166 | PA      | $916825.73    | 0.16%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8199 FR 03/52 FIXED 2                                                                                         | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    3002613 | PA      | $2501478.85   | 0.45%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8205 FR 04/52 FIXED 2.5                                                                                       | CUSIP: 3132DWDJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     609150 | PA      | $530527.24    | 0.09%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8212 FR 05/52 FIXED 2.5                                                                                       | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1594302 | PA      | $1388526.51   | 0.25%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8225 FR 07/52 FIXED 3                                                                                         | CUSIP: 3132DWD67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1550478 | PA      | $1406037.85   | 0.25%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8266 FR 11/52 FIXED 4.5                                                                                       | CUSIP: 3132DWFF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     204240 | PA      | $202762.90    | 0.04%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8267 FR 11/52 FIXED 5                                                                                         | CUSIP: 3132DWFG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     108283 | PA      | $109416.73    | 0.02%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8299 FR 02/53 FIXED 5                                                                                         | CUSIP: 3132DWGG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1012921 | PA      | $1020661.52   | 0.18%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SD8365 FR 10/53 FIXED 4.5                                                                                       | CUSIP: 3132DWJJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     638591 | PA      | $632438.98    | 0.11%             | 2053-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SL0284 FR 02/55 FIXED 5.5                                                                                       | CUSIP: 31427MJ69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     221918 | PA      | $226326.93    | 0.04%             | 2055-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SL0401 FR 02/52 FIXED 2.5                                                                                       | CUSIP: 31427MNT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1198821 | PA      | $1054960.62   | 0.19%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SL0616 FR 03/55 FIXED 6                                                                                         | CUSIP: 31427MVJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     124691 | PA      | $129133.40    | 0.02%             | 2055-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SL2490 FR 08/55 FIXED 6.5                                                                                       | CUSIP: 31427PXU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     203190 | PA      | $211915.53    | 0.04%             | 2055-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL SL2987 FR 10/55 FIXED 5                                                                                         | CUSIP: 31427QJ94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     180846 | PA      | $182324.04    | 0.03%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL TA5128 FR 02/56 FIXED 5                                                                                         | CUSIP: 3142JTVW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    1934728 | PA      | $1947479.19   | 0.35%             | 2056-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL ZA5029 FR 10/47 FIXED 3.5                                                                                       | CUSIP: 31329NSS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     564570 | PA      | $541811.22    | 0.10%             | 2047-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL ZT0536 FR 03/48 FIXED 3.5                                                                                       | CUSIP: 3132ACSZ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     199828 | PA      | $191896.72    | 0.03%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FED HM LN PC POOL ZT0794 FR 10/48 FIXED 4.5                                                                                       | CUSIP: 3132AC3B4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      97709 | PA      | $98743.99     | 0.02%             | 2048-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAZIL                                           | FED REPUBLIC OF BRAZIL SR UNSECURED 01/56 7.25                                                                                    | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     840000 | PA      | $852876.18    | 0.15%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FERRARI NV                                       | FERRARI NV SR UNSECURED REGS 05/30 3.625                                                                                          | CUSIP: 3149959E3<br>LEI: 549300RIVY5EX8RCON76 | Long             | DBT              | CORP              | NL        |     230000 | PA      | $279880.43    | 0.05%             | 2030-05-21      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FIBRA PROLOGIS 144A                              | FIBRA PROLOGIS SR UNSECURED 144A 11/35 5.5                                                                                        | CUSIP: 31575KAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     230000 | PA      | $233097.93    | 0.04%             | 2035-11-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                              | FIFTH THIRD BANCORP SR UNSECURED 01/37 VAR                                                                                        | CUSIP: 316773DP2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     485000 | PA      | $485928.71    | 0.09%             | 2037-01-29      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| FILTRATION GROUP TL B 1L BANKDEBT                | FILTRATION GROUP CORPORATION 2025 USD TERM LOAN                                                                                   | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |     491962 | PA      | $492272.27    | 0.09%             | 2028-10-21      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                 | FIRSTENERGY CORP SR UNSECURED 03/30 2.65                                                                                          | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |     390000 | PA      | $368417.26    | 0.07%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP                                 | FIRSTENERGY CORP SR UNSECURED 09/30 2.25                                                                                          | CUSIP: 337932AP2<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |      74000 | PA      | $67955.70     | 0.01%             | 2030-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                         | FIRSTENERGY TRANSMISSION SR UNSECURED 01/35 5                                                                                     | CUSIP: 33767BAH2<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |     150000 | PA      | $151975.89    | 0.03%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                       | FISERV INC SR UNSECURED 02/31 4.55                                                                                                | CUSIP: 337738BP2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    1385000 | PA      | $1381054.44   | 0.25%             | 2031-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FIVE CORNERS FND TR II 144A                      | FIVE CORNERS FND TR II SR UNSECURED 144A 05/30 2.85                                                                               | CUSIP: 33834DAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $189395.09    | 0.03%             | 2030-05-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC 144A                        | FLUTTER TREASURY DAC SR SECURED 144A 06/31 5.875                                                                                  | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     245000 | PA      | $245149.27    | 0.04%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL AS8946 FN 03/47 FIXED 3.5                                                                                               | CUSIP: 3138WJ5G9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      58894 | PA      | $56556.35     | 0.01%             | 2047-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL BM5109 FN 12/32 FIXED VAR                                                                                               | CUSIP: 3140J9VB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     100475 | PA      | $98870.94     | 0.02%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL BR2935 FN 03/36 FIXED 1.5                                                                                               | CUSIP: 3140L1HM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      36419 | PA      | $33332.95     | 0.01%             | 2036-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL BU5836 FN 11/51 FIXED 2                                                                                                 | CUSIP: 3140M7PW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     129145 | PA      | $108679.24    | 0.02%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL BY4131 FN 07/53 FIXED 5                                                                                                 | CUSIP: 3140NLSV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      38011 | PA      | $38215.46     | 0.01%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CA1354 FN 03/48 FIXED 3.5                                                                                               | CUSIP: 3140Q8QG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      29760 | PA      | $28514.13     | 0.01%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CA1951 FN 07/48 FIXED 4                                                                                                 | CUSIP: 3140Q9EZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      44614 | PA      | $43798.61     | 0.01%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CA2639 FN 11/48 FIXED 4.5                                                                                               | CUSIP: 3140Q94Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     257296 | PA      | $259477.57    | 0.05%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CA4628 FN 11/49 FIXED 4                                                                                                 | CUSIP: 3140QCEA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      72616 | PA      | $71457.98     | 0.01%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL CA5466 FN 04/35 FIXED 3                                                                                                 | CUSIP: 3140QDCC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     101254 | PA      | $98679.33     | 0.02%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB0511 FN 05/51 FIXED 2.5                                                                                               | CUSIP: 3140QKR91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     704747 | PA      | $618504.03    | 0.11%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB1109 FN 07/51 FIXED 2                                                                                                 | CUSIP: 3140QLGT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     820659 | PA      | $688347.72    | 0.12%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB1371 FN 08/51 FIXED 2.5                                                                                               | CUSIP: 3140QLQZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      38519 | PA      | $33860.49     | 0.01%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB1624 FN 09/51 FIXED 2.5                                                                                               | CUSIP: 3140QLYW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     116949 | PA      | $102492.74    | 0.02%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB1783 FN 10/51 FIXED 2.5                                                                                               | CUSIP: 3140QL6V3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      35695 | PA      | $31356.41     | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB2086 FN 11/51 FIXED 2.5                                                                                               | CUSIP: 3140QMJ88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     139742 | PA      | $122380.84    | 0.02%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB2357 FN 12/51 FIXED 2                                                                                                 | CUSIP: 3140QMTP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     113030 | PA      | $94895.64     | 0.02%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB2538 FN 01/52 FIXED 2.5                                                                                               | CUSIP: 3140QMZC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      38038 | PA      | $33465.27     | 0.01%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB2848 FN 02/52 FIXED 2                                                                                                 | CUSIP: 3140QNEW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     195609 | PA      | $164089.39    | 0.03%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB2869 FN 02/52 FIXED 2.5                                                                                               | CUSIP: 3140QNFK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      17983 | PA      | $15774.91     | 0.00%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB3115 FN 03/52 FIXED 3                                                                                                 | CUSIP: 3140QNN99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      51887 | PA      | $47432.23     | 0.01%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB3159 FN 03/52 FIXED 2.5                                                                                               | CUSIP: 3140QNQM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     112778 | PA      | $98247.48     | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB3254 FN 03/52 FIXED 3.5                                                                                               | CUSIP: 3140QNTL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1429368 | PA      | $1361388.68   | 0.24%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB3777 FN 05/52 FIXED 3.5                                                                                               | CUSIP: 3140QPFT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     293194 | PA      | $279204.12    | 0.05%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB4115 FN 07/52 FIXED 3.5                                                                                               | CUSIP: 3140QPSD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     424103 | PA      | $400633.24    | 0.07%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB5306 FN 12/52 FIXED 6                                                                                                 | CUSIP: 3140QQ3Q6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     187511 | PA      | $196167.66    | 0.04%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB5545 FN 01/53 FIXED 6.5                                                                                               | CUSIP: 3140QRET6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     118734 | PA      | $124436.63    | 0.02%             | 2053-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB7095 FN 09/53 FIXED 5                                                                                                 | CUSIP: 3140QS3D1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      39030 | PA      | $39554.81     | 0.01%             | 2053-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB7120 FN 09/53 FIXED 6                                                                                                 | CUSIP: 3140QS4E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     270447 | PA      | $280258.37    | 0.05%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB7333 FN 10/53 FIXED 5.5                                                                                               | CUSIP: 3140QTEF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      43412 | PA      | $44662.65     | 0.01%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB7982 FN 02/54 FIXED 5.5                                                                                               | CUSIP: 3140QT2Q1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      36603 | PA      | $37482.65     | 0.01%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB8330 FN 04/54 FIXED 5.5                                                                                               | CUSIP: 3140QUHG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     675814 | PA      | $691395.93    | 0.12%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB8483 FN 05/54 FIXED 5.5                                                                                               | CUSIP: 3140QUM94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      11350 | PA      | $11652.18     | 0.00%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB8485 FN 05/54 FIXED 5.5                                                                                               | CUSIP: 3140QUNB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      52036 | PA      | $53261.22     | 0.01%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB8755 FN 06/54 FIXED 6                                                                                                 | CUSIP: 3140QUWR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     222843 | PA      | $230644.86    | 0.04%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB8851 FN 07/54 FIXED 6                                                                                                 | CUSIP: 3140QUZR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     348784 | PA      | $363998.41    | 0.07%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB8858 FN 07/54 FIXED 6                                                                                                 | CUSIP: 3140QUZY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      31073 | PA      | $32160.79     | 0.01%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB9011 FN 08/54 FIXED 6                                                                                                 | CUSIP: 3140QVAM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     128450 | PA      | $133125.75    | 0.02%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB9219 FN 09/54 FIXED 6                                                                                                 | CUSIP: 3140QVG57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     557447 | PA      | $576559.65    | 0.10%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB9328 FN 10/54 FIXED 5.5                                                                                               | CUSIP: 3140QVLJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     128331 | PA      | $131760.18    | 0.02%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CB9649 FN 12/54 FIXED 5                                                                                                 | CUSIP: 3140QVWK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1052164 | PA      | $1063481.54   | 0.19%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CC0603 FN 06/55 FIXED 6.5                                                                                               | CUSIP: 3140Y6U57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     459574 | PA      | $480498.87    | 0.09%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CC0666 FN 07/55 FIXED 6                                                                                                 | CUSIP: 3140Y6W48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     206761 | PA      | $213933.73    | 0.04%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CC0749 FN 07/55 FIXED 6.5                                                                                               | CUSIP: 3140Y6ZP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     201057 | PA      | $210111.82    | 0.04%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CC0897 FN 08/55 FIXED 6.5                                                                                               | CUSIP: 3140Y67K0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     207751 | PA      | $217136.96    | 0.04%             | 2055-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL CC1442 FN 11/55 FIXED 5.5                                                                                               | CUSIP: 3140Y7S82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      37901 | PA      | $38769.95     | 0.01%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL DC8257 FN 01/55 FIXED 5.5                                                                                               | CUSIP: 3140AWE70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     638482 | PA      | $651608.88    | 0.12%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL DE2698 FN 07/55 FIXED 6.5                                                                                               | CUSIP: 3140BE7L6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      85519 | PA      | $89446.66     | 0.02%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL DE9742 FN 09/55 FIXED 5.5                                                                                               | CUSIP: 3140BNZG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     174174 | PA      | $177746.93    | 0.03%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FA0048 FN 09/53 FIXED VAR                                                                                               | CUSIP: 3140W0BS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       6192 | PA      | $6347.70      | 0.00%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FA0116 FN 08/53 FIXED VAR                                                                                               | CUSIP: 3140W0DW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     658993 | PA      | $627550.08    | 0.11%             | 2053-08-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL FA0261 FN 01/37 FIXED VAR                                                                                               | CUSIP: 3140W0JF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     107793 | PA      | $106275.79    | 0.02%             | 2037-01-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FA0436 FN 06/52 FIXED VAR                                                                                               | CUSIP: 3140W0PW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     898031 | PA      | $824669.40    | 0.15%             | 2052-06-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FA0522 FN 08/52 FIXED VAR                                                                                               | CUSIP: 3140W0SL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1136947 | PA      | $1043844.29   | 0.19%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FA2899 FN 10/55 FIXED VAR                                                                                               | CUSIP: 3140W3GH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     263633 | PA      | $269389.73    | 0.05%             | 2055-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FA3135 FN 11/55 FIXED VAR                                                                                               | CUSIP: 3140W3PV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1001937 | PA      | $1024651.21   | 0.18%             | 2055-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL FM3340 FN 05/35 FIXED VAR                                                                                               | CUSIP: 3140X6WA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      56045 | PA      | $55423.01     | 0.01%             | 2035-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM4386 FN 07/47 FIXED VAR                                                                                               | CUSIP: 3140X72U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       9295 | PA      | $9591.08      | 0.00%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM5940 FN 02/51 FIXED VAR                                                                                               | CUSIP: 3140X9S63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     162800 | PA      | $137192.40    | 0.02%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM6004 FN 02/51 FIXED VAR                                                                                               | CUSIP: 3140X9U60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     152241 | PA      | $128337.74    | 0.02%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL FM6264 FN 02/36 FIXED VAR                                                                                               | CUSIP: 3140X96A8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     812801 | PA      | $792122.59    | 0.14%             | 2036-02-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM6627 FN 09/49 FIXED VAR                                                                                               | CUSIP: 3140XALH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      24234 | PA      | $24464.82     | 0.00%             | 2049-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM7514 FN 06/51 FIXED VAR                                                                                               | CUSIP: 3140XBK41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     213596 | PA      | $187897.82    | 0.03%             | 2051-06-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM8543 FN 11/44 FIXED VAR                                                                                               | CUSIP: 3140XCP51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      23490 | PA      | $24256.79     | 0.00%             | 2044-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL FM8732 FN 09/36 FIXED VAR                                                                                               | CUSIP: 3140XCV21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      38044 | PA      | $35669.31     | 0.01%             | 2036-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM8961 FN 09/49 FIXED VAR                                                                                               | CUSIP: 3140XC5X2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      51149 | PA      | $52734.62     | 0.01%             | 2049-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM9489 FN 11/51 FIXED VAR                                                                                               | CUSIP: 3140XDRK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      24348 | PA      | $20450.04     | 0.00%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM9704 FN 12/51 FIXED VAR                                                                                               | CUSIP: 3140XDYA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      52610 | PA      | $44169.52     | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FM9806 FN 12/51 FIXED VAR                                                                                               | CUSIP: 3140XD3Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     196328 | PA      | $172341.91    | 0.03%             | 2051-12-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS0017 FN 08/47 FIXED VAR                                                                                               | CUSIP: 3140XFAT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      23610 | PA      | $23277.10     | 0.00%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS0348 FN 01/52 FIXED VAR                                                                                               | CUSIP: 3140XFL66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     146041 | PA      | $122948.03    | 0.02%             | 2052-01-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL FS0427 FN 02/37 FIXED VAR                                                                                               | CUSIP: 3140XFPM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     114915 | PA      | $107094.39    | 0.02%             | 2037-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS0733 FN 02/52 FIXED VAR                                                                                               | CUSIP: 3140XFY70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      25101 | PA      | $21105.97     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS0838 FN 01/52 FIXED VAR                                                                                               | CUSIP: 3140XF4Y4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      15139 | PA      | $14426.03     | 0.00%             | 2052-01-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS1618 FN 03/52 FIXED VAR                                                                                               | CUSIP: 3140XGYQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      12759 | PA      | $10686.10     | 0.00%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL FS2037 FN 05/37 FIXED VAR                                                                                               | CUSIP: 3140XHHP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     615291 | PA      | $560690.75    | 0.10%             | 2037-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS2041 FN 08/51 FIXED VAR                                                                                               | CUSIP: 3140XHHT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      49903 | PA      | $41643.78     | 0.01%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS2045 FN 12/43 FIXED VAR                                                                                               | CUSIP: 3140XHHX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     165295 | PA      | $168038.36    | 0.03%             | 2043-12-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS2477 FN 05/52 FIXED VAR                                                                                               | CUSIP: 3140XHXF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     106306 | PA      | $93417.05     | 0.02%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS3820 FN 01/53 FIXED VAR                                                                                               | CUSIP: 3140XKG61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      36534 | PA      | $38253.22     | 0.01%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS3874 FN 02/50 FIXED VAR                                                                                               | CUSIP: 3140XKJU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      81336 | PA      | $82025.37     | 0.01%             | 2050-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS3956 FN 10/50 FIXED VAR                                                                                               | CUSIP: 3140XKME7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      98255 | PA      | $98511.76     | 0.02%             | 2050-10-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS5046 FN 02/52 FIXED VAR                                                                                               | CUSIP: 3140XLTC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      86036 | PA      | $74651.77     | 0.01%             | 2052-02-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FNMA POOL FS5191 FN 08/42 FIXED VAR                                                                                               | CUSIP: 3140XLXV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      95011 | PA      | $84620.61     | 0.02%             | 2042-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS5342 FN 07/53 FIXED VAR                                                                                               | CUSIP: 3140XL5C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     100137 | PA      | $102618.59    | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS5460 FN 05/53 FIXED VAR                                                                                               | CUSIP: 3140XMB62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      66224 | PA      | $69105.65     | 0.01%             | 2053-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS6257 FN 06/53 FIXED VAR                                                                                               | CUSIP: 3140XM5T9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     688291 | PA      | $671908.78    | 0.12%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS6997 FN 03/52 FIXED VAR                                                                                               | CUSIP: 3140XNX33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     290124 | PA      | $265673.29    | 0.05%             | 2052-03-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS7058 FN 01/54 FIXED VAR                                                                                               | CUSIP: 3140XNZY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     118070 | PA      | $102919.05    | 0.02%             | 2054-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS7303 FN 07/53 FIXED VAR                                                                                               | CUSIP: 3140XPDH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      59502 | PA      | $60230.57     | 0.01%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS8081 FN 10/53 FIXED VAR                                                                                               | CUSIP: 3140XP6T1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     909015 | PA      | $928013.73    | 0.17%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS8793 FN 08/54 FIXED VAR                                                                                               | CUSIP: 3140XQXX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      52831 | PA      | $54357.49     | 0.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS9443 FN 02/54 FIXED VAR                                                                                               | CUSIP: 3140XRP58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      52393 | PA      | $51953.09     | 0.01%             | 2054-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL FS9627 FN 09/54 FIXED VAR                                                                                               | CUSIP: 3140XRVV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     424364 | PA      | $443417.60    | 0.08%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FNMA POOL FS9713 FN 06/42 FIXED VAR                                                                                               | CUSIP: 3140XRYK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     151703 | PA      | $148776.36    | 0.03%             | 2042-06-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA2863 FN 01/47 FIXED 3                                                                                                 | CUSIP: 31418CFD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      18620 | PA      | $17244.85     | 0.00%             | 2047-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA3027 FN 06/47 FIXED 4                                                                                                 | CUSIP: 31418CLH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      24851 | PA      | $24392.79     | 0.00%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA3058 FN 07/47 FIXED 4                                                                                                 | CUSIP: 31418CMG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     103852 | PA      | $101936.89    | 0.02%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FNMA POOL MA3151 FN 10/37 FIXED 3                                                                                                 | CUSIP: 31418CQD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      56320 | PA      | $54142.05     | 0.01%             | 2037-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA3182 FN 11/47 FIXED 3.5                                                                                               | CUSIP: 31418CRC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      17972 | PA      | $17157.16     | 0.00%             | 2047-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4158 FN 10/50 FIXED 2                                                                                                 | CUSIP: 31418DTQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      15377 | PA      | $12880.23     | 0.00%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4208 FN 12/50 FIXED 2                                                                                                 | CUSIP: 31418DVA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     414999 | PA      | $347335.91    | 0.06%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4237 FN 01/51 FIXED 2                                                                                                 | CUSIP: 31418DV74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     735748 | PA      | $615531.62    | 0.11%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4255 FN 02/51 FIXED 2                                                                                                 | CUSIP: 31418DWR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      81067 | PA      | $67793.21     | 0.01%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4379 FN 07/51 FIXED 2.5                                                                                               | CUSIP: 31418D2M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      24479 | PA      | $21383.51     | 0.00%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4413 FN 09/51 FIXED 2                                                                                                 | CUSIP: 31418D3X8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     529121 | PA      | $441512.94    | 0.08%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4418 FN 09/36 FIXED 2                                                                                                 | CUSIP: 31418D4C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      97453 | PA      | $90971.05     | 0.02%             | 2036-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4442 FN 10/36 FIXED 2                                                                                                 | CUSIP: 31418D5C2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      45840 | PA      | $42776.86     | 0.01%             | 2036-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4469 FN 11/36 FIXED 1.5                                                                                               | CUSIP: 31418D6F4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     134679 | PA      | $123047.26    | 0.02%             | 2036-11-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4492 FN 12/51 FIXED 2                                                                                                 | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    7877311 | PA      | $6559863.07   | 1.17%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4513 FN 01/52 FIXED 3                                                                                                 | CUSIP: 31418EAP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     196423 | PA      | $178671.53    | 0.03%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FNMA POOL MA4519 FN 01/42 FIXED 1.5                                                                                               | CUSIP: 31418EAV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      25699 | PA      | $22254.38     | 0.00%             | 2042-01-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA 20YR                                        | FNMA POOL MA4521 FN 01/42 FIXED 2.5                                                                                               | CUSIP: 31418EAX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      48982 | PA      | $44993.82     | 0.01%             | 2042-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4562 FN 03/52 FIXED 2                                                                                                 | CUSIP: 31418EB82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1055783 | PA      | $876626.05    | 0.16%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4567 FN 03/37 FIXED 2                                                                                                 | CUSIP: 31418ECD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1974248 | PA      | $1838589.33   | 0.33%             | 2037-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4568 FN 03/37 FIXED 2.5                                                                                               | CUSIP: 31418ECE8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      85568 | PA      | $81533.82     | 0.01%             | 2037-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4577 FN 04/52 FIXED 2                                                                                                 | CUSIP: 31418ECP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     134719 | PA      | $112234.33    | 0.02%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4578 FN 04/52 FIXED 2.5                                                                                               | CUSIP: 31418ECQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     505346 | PA      | $440641.87    | 0.08%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4581 FN 04/37 FIXED 1.5                                                                                               | CUSIP: 31418ECT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      38518 | PA      | $35100.23     | 0.01%             | 2037-04-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4582 FN 04/37 FIXED 2                                                                                                 | CUSIP: 31418ECU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     245126 | PA      | $228282.55    | 0.04%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4583 FN 04/37 FIXED 2.5                                                                                               | CUSIP: 31418ECV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     804244 | PA      | $766324.46    | 0.14%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4624 FN 06/52 FIXED 3                                                                                                 | CUSIP: 31418ED64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1036140 | PA      | $940300.64    | 0.17%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4628 FN 06/37 FIXED 2.5                                                                                               | CUSIP: 31418EEA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     288080 | PA      | $274497.49    | 0.05%             | 2037-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4653 FN 07/52 FIXED 3                                                                                                 | CUSIP: 31418EE30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     436241 | PA      | $395601.69    | 0.07%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4730 FN 09/52 FIXED 3                                                                                                 | CUSIP: 31418EHG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      49386 | PA      | $44779.89     | 0.01%             | 2052-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4732 FN 09/52 FIXED 4                                                                                                 | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    2146507 | PA      | $2091331.30   | 0.37%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4782 FN 10/52 FIXED 3.5                                                                                               | CUSIP: 31418EJ43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1089555 | PA      | $1028051.16   | 0.18%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4783 FN 10/52 FIXED 4                                                                                                 | CUSIP: 31418EJ50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     788914 | PA      | $768173.43    | 0.14%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4784 FN 10/52 FIXED 4.5                                                                                               | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     659877 | PA      | $655624.18    | 0.12%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA4797 FN 11/37 FIXED 4                                                                                                 | CUSIP: 31418EKK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      20529 | PA      | $20464.65     | 0.00%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA4918 FN 02/53 FIXED 5                                                                                                 | CUSIP: 31418EPC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     109750 | PA      | $110676.03    | 0.02%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA5070 FN 07/53 FIXED 4.5                                                                                               | CUSIP: 31418ET42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1166717 | PA      | $1157030.61   | 0.21%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA5072 FN 07/53 FIXED 5.5                                                                                               | CUSIP: 31418ET67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     643868 | PA      | $657050.70    | 0.12%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA5165 FN 10/53 FIXED 5.5                                                                                               | CUSIP: 31418EW30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     116347 | PA      | $118427.36    | 0.02%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR                                       | FNMA POOL MA5271 FN 02/54 FIXED 5.5                                                                                               | CUSIP: 31418E2D1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     479137 | PA      | $487515.70    | 0.09%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA 15YR                                        | FNMA POOL MA5533 FN 11/39 FIXED 4                                                                                                 | CUSIP: 31418FEF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     255261 | PA      | $253469.08    | 0.05%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 15 YR TBA MAR                               | FNMA TBA 15 YR 2 SINGLE FAMILY MORTGAGE                                                                                           | CUSIP: 01F020430<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1765000 | PA      | $1643915.71   | 0.29%             | 2036-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 2 SINGLE FAMILY MORTGAGE                                                                                           | CUSIP: 01F020638<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    6215000 | PA      | $5148909.98   | 0.92%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 2.5 SINGLE FAMILY MORTGAGE                                                                                         | CUSIP: 01F022634<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    4870000 | PA      | $4219124.50   | 0.76%             | 2044-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 3 SINGLE FAMILY MORTGAGE                                                                                           | CUSIP: 01F030637<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    3010000 | PA      | $2722797.84   | 0.49%             | 2041-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 3.5 SINGLE FAMILY MORTGAGE                                                                                         | CUSIP: 01F032633<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    3485000 | PA      | $3285065.55   | 0.59%             | 2042-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 4 SINGLE FAMILY MORTGAGE                                                                                           | CUSIP: 01F040636<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1775000 | PA      | $1725566.25   | 0.31%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 4.5 SINGLE FAMILY MORTGAGE                                                                                         | CUSIP: 01F042632<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     615000 | PA      | $608139.06    | 0.11%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 5 SINGLE FAMILY MORTGAGE                                                                                           | CUSIP: 01F050635<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     980000 | PA      | $984390.40    | 0.18%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA 30 YR TBA MAR                               | FNMA TBA 30 YR 6 SINGLE FAMILY MORTGAGE                                                                                           | CUSIP: 01F060634<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    7440000 | PA      | $7631654.40   | 1.37%             | 2034-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FOCUS 2017-1A A2II 144A                          | FOCUS BRANDS FUNDING LLC FOCUS 2017 1A A2II 144A                                                                                  | CUSIP: 34417MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1345938 | PA      | $1344535.44   | 0.24%             | 2047-04-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| FOCUS 2022-1 A2 144A                             | FOCUS BRANDS FUNDING LLC FOCUS 2022 1 A2 144A                                                                                     | CUSIP: 34417RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      48250 | PA      | $48596.42     | 0.01%             | 2052-07-30      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| FORDL 2023-B D                                   | FORD CREDIT AUTO LEASE TRUST FORDL 2023 B D                                                                                       | CUSIP: 34529NAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      25000 | PA      | $25127.63     | 0.00%             | 2028-06-15      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| FORDF 2023-1 B 144A                              | FORD CREDIT FLOORPLAN MASTER O FORDF 2023 1 B 144A                                                                                | CUSIP: 34528QHX5<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |     545000 | PA      | $546470.36    | 0.10%             | 2028-05-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | FORD MOTOR CREDIT CO LLC SR UNSECURED 09/30 5.73                                                                                  | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     270000 | PA      | $277775.30    | 0.05%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC 144A                       | FOUNDRY JV HOLDCO LLC SR SECURED 144A 01/36 6.1                                                                                   | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     200000 | PA      | $213385.18    | 0.04%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC 144A                       | FOUNDRY JV HOLDCO LLC SR SECURED 144A 01/37 6.2                                                                                   | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     200000 | PA      | $213740.50    | 0.04%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC 144A                       | FOUNDRY JV HOLDCO LLC SR SECURED 144A 01/38 6.4                                                                                   | CUSIP: 350930AE3<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     240000 | PA      | $259980.62    | 0.05%             | 2038-01-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| STACR 2025-DNA3 M1 144A                          | FREDDIE MAC   STACR STACR 2025 DNA3 M1 144A                                                                                       | CUSIP: 35564UAR8<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |     366297 | PA      | $366296.60    | 0.07%             | 2045-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| STACR 2025-HQA1 A1 144A                          | FREDDIE MAC   STACR STACR 2025 HQA1 A1 144A                                                                                       | CUSIP: 35564NGY3<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |     110188 | PA      | $110307.81    | 0.02%             | 2045-02-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| STACR 2025-HQA1 M1 144A                          | FREDDIE MAC   STACR STACR 2025 HQA1 M1 144A                                                                                       | CUSIP: 35564NGZ0<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |     431358 | PA      | $431491.35    | 0.08%             | 2045-02-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| FHR 5000 UI                                      | FREDDIE MAC FHR 5000 UI                                                                                                           | CUSIP: 3137FVHM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    2325026 | PA      | $398064.02    | 0.07%             | 2050-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHR 5086 MI                                      | FREDDIE MAC FHR 5086 MI                                                                                                           | CUSIP: 3137FFHC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    4439634 | PA      | $691495.97    | 0.12%             | 2051-03-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHR 5293 IO                                      | FREDDIE MAC FHR 5293 IO                                                                                                           | CUSIP: 3137H9QG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    4661885 | PA      | $592124.32    | 0.11%             | 2051-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHR 5293 KI                                      | FREDDIE MAC FHR 5293 KI                                                                                                           | CUSIP: 3137H9QH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     336887 | PA      | $44120.62     | 0.01%             | 2051-02-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL                               | FS LUXEMBOURG SARL COMPANY GUAR REGS 06/33 8.625                                                                                  | CUSIP: 30315X9E6<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |     420000 | PA      | $415594.23    | 0.07%             | 2033-06-25      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST 144A                     | GA GLOBAL FUNDING TRUST SR SECURED 144A 04/32 5.5                                                                                 | CUSIP: 36143L2T1<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |     700000 | PA      | $709848.12    | 0.13%             | 2032-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GALDERMA FINANCE EUROPE                          | GALDERMA FINANCE EUROPE COMPANY GUAR REGS 03/30 3.5                                                                               | CUSIP: TC5VOUL88<br>LEI: 7245004RN4I1ORSTHY93 | Long             | DBT              | CORP              | NL        |     230000 | PA      | $277088.04    | 0.05%             | 2030-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO 144A                       | GC TREASURY CENTRE CO COMPANY GUAR 144A 12/99 VAR                                                                                 | CUSIP: 36830AAB3<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |     200000 | PA      | $200988.63    | 0.04%             | 2174-06-10      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM1 A1 144A                           | GCAT GCAT 2025 NQM1 A1 144A                                                                                                       | CUSIP: 36171GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     363838 | PA      | $366809.17    | 0.07%             | 2069-11-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | GENERAL MOTORS FINL CO SR UNSECURED 01/33 6.4                                                                                     | CUSIP: 37045XED4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     154000 | PA      | $167595.37    | 0.03%             | 2033-01-09      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | GENERAL MOTORS FINL CO SR UNSECURED 01/36 5.45                                                                                    | CUSIP: 37045XFN1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     165000 | PA      | $167865.24    | 0.03%             | 2036-01-08      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| GFORT 2023-1 B 144A                              | GENERAL MOTORS GFORT 2023 1 B 144A                                                                                                | CUSIP: 361886CT9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100428.73    | 0.02%             | 2028-06-15      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| GFORT 2025-1A C 144A                             | GENERAL MOTORS GFORT 2025 1A C 144A                                                                                               | CUSIP: 361886EH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     800000 | PA      | $805082.48    | 0.14%             | 2029-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GFORT 2025-2A C 144A                             | GENERAL MOTORS GFORT 2025 2A C 144A                                                                                               | CUSIP: 361886EK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     820000 | PA      | $831100.83    | 0.15%             | 2030-03-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                          | GLP CAPITAL LP / FIN II COMPANY GUAR 02/33 5.25                                                                                   | CUSIP: 361841AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     550000 | PA      | $556241.90    | 0.10%             | 2033-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GMALT 2025-1 B                                   | GM FINANCIAL AUTOMOBILE LEASIN GMALT 2025 1 B                                                                                     | CUSIP: 36271VAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     475000 | PA      | $481095.72    | 0.09%             | 2029-02-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| GMCAR 2023-1  B                                  | GM FINANCIAL SECURITIZED TERM GMCAR 2023 1 B                                                                                      | CUSIP: 38013JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      10000 | PA      | $10079.86     | 0.00%             | 2028-09-18      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| GMCAR 2023-3 B                                   | GM FINANCIAL SECURITIZED TERM GMCAR 2023 3 B                                                                                      | CUSIP: 36267KAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       5000 | PA      | $5087.77      | 0.00%             | 2029-01-16      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| GMCAR 2023-3 C                                   | GM FINANCIAL SECURITIZED TERM GMCAR 2023 3 C                                                                                      | CUSIP: 36267KAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      10000 | PA      | $10185.91     | 0.00%             | 2029-02-16      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| GNMA II 30 YR                                    | GNMA II POOL 786366 G2 08/52 FIXED 4.5                                                                                            | CUSIP: 3622AB6B3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     834759 | PA      | $822022.62    | 0.15%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL AV9440 G2 11/46 FIXED 3                                                                                              | CUSIP: 36195LPZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      17708 | PA      | $16456.73     | 0.00%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL BD0384 G2 10/47 FIXED 3.5                                                                                            | CUSIP: 3617BFM90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      23273 | PA      | $22353.67     | 0.00%             | 2047-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA3521 G2 03/46 FIXED 3.5                                                                                            | CUSIP: 36179R4E6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     117125 | PA      | $112556.11    | 0.02%             | 2046-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA3597 G2 04/46 FIXED 3.5                                                                                            | CUSIP: 36179R7J2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     390035 | PA      | $374820.25    | 0.07%             | 2046-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA3803 G2 07/46 FIXED 3.5                                                                                            | CUSIP: 36179SGL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     800644 | PA      | $769411.81    | 0.14%             | 2046-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA4068 G2 11/46 FIXED 3                                                                                              | CUSIP: 36179SQV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     159348 | PA      | $148297.62    | 0.03%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA4511 G2 06/47 FIXED 4                                                                                              | CUSIP: 36179TAL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       5957 | PA      | $5843.10      | 0.00%             | 2047-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA4512 G2 06/47 FIXED 4.5                                                                                            | CUSIP: 36179TAM7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      56027 | PA      | $56539.21     | 0.01%             | 2047-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA4586 G2 07/47 FIXED 3.5                                                                                            | CUSIP: 36179TCX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      60206 | PA      | $57835.77     | 0.01%             | 2047-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA4655 G2 08/47 FIXED 5                                                                                              | CUSIP: 36179TE43<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      34667 | PA      | $35635.45     | 0.01%             | 2047-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA4780 G2 10/47 FIXED 4.5                                                                                            | CUSIP: 36179TJZ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      17161 | PA      | $17258.87     | 0.00%             | 2047-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA5019 G2 02/48 FIXED 3.5                                                                                            | CUSIP: 36179TSG1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     132039 | PA      | $126840.92    | 0.02%             | 2048-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA5140 G2 04/48 FIXED 5.5                                                                                            | CUSIP: 36179TV93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      28145 | PA      | $29306.09     | 0.01%             | 2048-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA5876 G2 04/49 FIXED 4                                                                                              | CUSIP: 36179UQ54<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     130560 | PA      | $127735.62    | 0.02%             | 2049-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA5988 G2 06/49 FIXED 5                                                                                              | CUSIP: 36179UUM2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     295393 | PA      | $301243.85    | 0.05%             | 2049-06-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA II 30 YR                                    | GNMA II POOL MA6531 G2 03/50 FIXED 3                                                                                              | CUSIP: 36179VHG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      17052 | PA      | $15319.59     | 0.00%             | 2050-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA6543 G2 03/50 FIXED 4                                                                                              | CUSIP: 36179VHU7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      90702 | PA      | $88739.86     | 0.02%             | 2050-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA6819 G2 08/50 FIXED 2.5                                                                                            | CUSIP: 36179VSG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      12396 | PA      | $10953.21     | 0.00%             | 2050-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7135 G2 01/51 FIXED 2                                                                                              | CUSIP: 36179V4U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     365670 | PA      | $309923.32    | 0.06%             | 2051-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7139 G2 01/51 FIXED 4                                                                                              | CUSIP: 36179V4Y3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      17478 | PA      | $17100.14     | 0.00%             | 2051-01-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7312 G2 04/51 FIXED 2.5                                                                                            | CUSIP: 36179WDR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      72417 | PA      | $63921.56     | 0.01%             | 2051-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7533 G2 08/51 FIXED 2                                                                                              | CUSIP: 36179WLN6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    2815506 | PA      | $2385832.14   | 0.43%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7590 G2 09/51 FIXED 3                                                                                              | CUSIP: 36179WNF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     152165 | PA      | $139674.37    | 0.02%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7649 G2 10/51 FIXED 2.5                                                                                            | CUSIP: 36179WQA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     835278 | PA      | $737291.22    | 0.13%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7705 G2 11/51 FIXED 2.5                                                                                            | CUSIP: 36179WR26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     149543 | PA      | $132000.05    | 0.02%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7827 G2 01/52 FIXED 2.5                                                                                            | CUSIP: 36179WVU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     124886 | PA      | $110235.66    | 0.02%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7935 G2 03/52 FIXED 2                                                                                              | CUSIP: 36179WY85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1508708 | PA      | $1278412.04   | 0.23%             | 2052-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7936 G2 03/52 FIXED 2.5                                                                                            | CUSIP: 36179WY93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    2521586 | PA      | $2225805.06   | 0.40%             | 2052-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7937 G2 03/52 FIXED 3                                                                                              | CUSIP: 36179WZA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     461239 | PA      | $423066.66    | 0.08%             | 2052-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7987 G2 04/52 FIXED 2.5                                                                                            | CUSIP: 36179W2U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     628505 | PA      | $554781.90    | 0.10%             | 2052-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA7988 G2 04/52 FIXED 3                                                                                              | CUSIP: 36179W2V9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    2452842 | PA      | $2249844.72   | 0.40%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8098 G2 06/52 FIXED 3                                                                                              | CUSIP: 36179W7K8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     120986 | PA      | $110973.29    | 0.02%             | 2052-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8202 G2 08/52 FIXED 5                                                                                              | CUSIP: 36179XDF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      11450 | PA      | $11565.45     | 0.00%             | 2052-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8267 G2 09/52 FIXED 4                                                                                              | CUSIP: 36179XFG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1248559 | PA      | $1213478.48   | 0.22%             | 2052-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8271 G2 09/52 FIXED 6                                                                                              | CUSIP: 36179XFL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      41591 | PA      | $42983.35     | 0.01%             | 2052-09-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8345 G2 10/52 FIXED 3.5                                                                                            | CUSIP: 36179XHW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     584058 | PA      | $555063.47    | 0.10%             | 2052-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8346 G2 10/52 FIXED 4                                                                                              | CUSIP: 36179XHX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     722815 | PA      | $702505.88    | 0.13%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8350 G2 10/52 FIXED 6                                                                                              | CUSIP: 36179XH33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      27022 | PA      | $27916.95     | 0.00%             | 2052-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8492 G2 12/52 FIXED 6                                                                                              | CUSIP: 36179XNH5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     323122 | PA      | $332650.87    | 0.06%             | 2052-12-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8646 G2 02/53 FIXED 4.5                                                                                            | CUSIP: 36179XTB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     411105 | PA      | $409647.35    | 0.07%             | 2053-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA8800 G2 04/53 FIXED 5                                                                                              | CUSIP: 36179XX50<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     626044 | PA      | $631549.12    | 0.11%             | 2053-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MA9015 G2 07/53 FIXED 4.5                                                                                            | CUSIP: 36179YAQ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     475618 | PA      | $472425.91    | 0.08%             | 2053-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA LL 30 YR                                    | GNMA II POOL MB0091 G2 12/54 FIXED 5                                                                                              | CUSIP: 3618N5C56<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     702673 | PA      | $705985.16    | 0.13%             | 2054-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA II TBA MAR                                  | GNMA II TBA 30 YR 4.5 JUMBOS                                                                                                      | CUSIP: 21H042638<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    2390000 | PA      | $2361224.40   | 0.42%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA II TBA MAR                                  | GNMA II TBA 30 YR 5 JUMBOS                                                                                                        | CUSIP: 21H050631<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1685000 | PA      | $1690712.15   | 0.30%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA II TBA MAR                                  | GNMA II TBA 30 YR 5.5 JUMBOS                                                                                                      | CUSIP: 21H052637<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    2200000 | PA      | $2227852.00   | 0.40%             | 2033-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA II TBA MAR                                  | GNMA II TBA 30 YR 6 JUMBOS                                                                                                        | CUSIP: 21H060630<br>LEI: 549300M8ZYFG0OCMTT87 | Short            | ABS-MBS          | USGA              | US        |   -7065000 | PA      | $-7207713.00  | -1.29%            | 2033-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                            | GOLUB CAPITAL CAP FND SR UNSECURED 05/30 5.875                                                                                    | CUSIP: 38179RAD7<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |     858000 | PA      | $858038.32    | 0.15%             | 2030-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GNR 2020-173 MI                                  | GOVERNMENT NATIONAL MORTGAGE A GNR 2020 173 MI                                                                                    | CUSIP: 38382LNV9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     604994 | PA      | $86519.27     | 0.02%             | 2050-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNR 2020-181 WI                                  | GOVERNMENT NATIONAL MORTGAGE A GNR 2020 181 WI                                                                                    | CUSIP: 38382LXR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     317445 | PA      | $38551.56     | 0.01%             | 2050-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNR 2021-57 AI                                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2021 57 AI                                                                                     | CUSIP: 38382QAU4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1439902 | PA      | $170689.93    | 0.03%             | 2051-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNR 2021-96 VI                                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2021 96 VI                                                                                     | CUSIP: 38382UG39<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1534226 | PA      | $223722.48    | 0.04%             | 2051-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNR 2022-63 LM                                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2022 63 LM                                                                                     | CUSIP: 38383REY9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      25000 | PA      | $21307.58     | 0.00%             | 2050-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNR 2023-55 EI                                   | GOVERNMENT NATIONAL MORTGAGE A GNR 2023 55 EI                                                                                     | CUSIP: 38383X3E2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    5254573 | PA      | $805150.34    | 0.14%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC 144A                              | GRAY MEDIA INC SECURED 144A 07/32 9.625                                                                                           | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     270000 | PA      | $280564.41    | 0.05%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| GSMBS 2021-GR2 A4 144A                           | GS MORTGAGE BACKED SECURITIES GSMBS 2021 GR2 A4 144A                                                                              | CUSIP: 36262JAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     377272 | PA      | $321146.75    | 0.06%             | 2052-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                           | HA SUSTAINABLE INF CAP COMPANY GUAR 06/56 VAR                                                                                     | CUSIP: 41068XAG5<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |     329000 | PA      | $347033.39    | 0.06%             | 2056-06-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                           | HA SUSTAINABLE INF CAP COMPANY GUAR 07/34 6.375                                                                                   | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |     404000 | PA      | $417511.91    | 0.07%             | 2034-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                           | HA SUSTAINABLE INF CAP COMPANY GUAR 11/56 VAR                                                                                     | CUSIP: 41068XAH3<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |     101000 | PA      | $101028.29    | 0.02%             | 2056-11-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| HARB 2018-1A CR2 144A                            | HARBOR PARK CLO LTD HARB 2018 1A CR2 144A                                                                                         | CUSIP: 41154XBA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1120000 | PA      | $1119511.68   | 0.20%             | 2031-01-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC 144A                          | HARBOUR ENERGY PLC SR UNSECURED 144A 04/35 6.327                                                                                  | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |     920000 | PA      | $957662.01    | 0.17%             | 2035-04-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| HNGRY 2020-1A A2 144A                            | HARDEE S FUNDING LLC AND CARLS HNGRY 2020 1A A2 144A                                                                              | CUSIP: 411707AH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     788500 | PA      | $765456.09    | 0.14%             | 2050-12-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT 144A                      | HAT HOLDINGS I LLC/HAT COMPANY GUAR 144A 06/27 8                                                                                  | CUSIP: 418751AL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      40000 | PA      | $41608.90     | 0.01%             | 2027-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT 144A                      | HAT HOLDINGS I LLC/HAT COMPANY GUAR 144A 09/30 3.75                                                                               | CUSIP: 418751AD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     405000 | PA      | $380390.44    | 0.07%             | 2030-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| HEALTH AND HAPPINESS H&H                         | HEALTH AND HAPPINESS H+H SR SECURED REGS 07/28 9.125                                                                              | CUSIP: 0906889F1<br>LEI: 2138007WU5DJFZFDDV59 | Long             | DBT              | CORP              | KY        |     850000 | PA      | $897782.57    | 0.16%             | 2028-07-24      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP 144A                    | HEALTH CARE SERVICE CORP SR UNSECURED 144A 06/54 5.875                                                                            | CUSIP: 42218SAM0<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |     565000 | PA      | $548448.01    | 0.10%             | 2054-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HEATHROW FUNDING LTD                             | HEATHROW FUNDING LTD SR SECURED REGS 01/38 3.875                                                                                  | CUSIP: 0559799L4<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |     100000 | PA      | $118418.76    | 0.02%             | 2036-01-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HEATHROW FUNDING LTD                             | HEATHROW FUNDING LTD SR SECURED REGS 03/36 1.875                                                                                  | CUSIP: TC4Q4IWR5<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |     459000 | PA      | $475695.75    | 0.09%             | 2034-03-14      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC 144A                       | HIGHTOWER HOLDING LLC SR UNSECURED 144A 01/30 9.125                                                                               | CUSIP: 43118DAB6<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |     145000 | PA      | $150538.39    | 0.03%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC TL B 1L USD BANKDEBT       | HIGHTOWER HOLDINGS LLC 2025 1ST LIEN TERM LOAN B                                                                                  | CUSIP: 43117LAP8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | LON              | CORP              | US        |     277214 | PA      | $272883.77    | 0.05%             | 2032-02-03      | Floating      | 6.41%                 | No            |                  3 | On Loan: No      |
| HILCORP ENERGY I LP TL B 1L BANKDEBT             | HILCORP ENERGY I LP TERM LOAN B                                                                                                   | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |     811628 | PA      | $810613.39    | 0.15%             | 2030-02-11      | Floating      | 5.42%                 | No            |                  3 | On Loan: No      |
| HILCORP ENERGY I/HILCORP 144A                    | HILCORP ENERGY I/HILCORP SR UNSECURED 144A 02/35 7.25                                                                             | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     105000 | PA      | $104062.67    | 0.02%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP 144A                    | HILCORP ENERGY I/HILCORP SR UNSECURED 144A 11/33 8.375                                                                            | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     530000 | PA      | $558707.51    | 0.10%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| HGVT 2020-AA C 144A                              | HILTON GRAND VACATIONS TRUST HGVT 2020 AA C 144A                                                                                  | CUSIP: 43285HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      61297 | PA      | $61927.28     | 0.01%             | 2039-02-25      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| HILT 2024-ORL B 144A                             | HILTON USA TRUST HILT 2024 ORL B 144A                                                                                             | CUSIP: 403956AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     140000 | PA      | $139912.50    | 0.03%             | 2037-05-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| N/A                                              | HOLOGIC INC 2026 TERM LOAN B                                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     460000 | PA      | $454250.00    | 0.08%             | 2033-01-14      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                                              | HOLOGIC INC 2026 USD 2ND LIEN TERM LOAN                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     960000 | PA      | $950400.00    | 0.17%             | 2034-01-05      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| HOMES 2024-AFC1 A1 144A                          | HOME OWNER MORTGAGE ENHANCED S HOMES 2024 AFC1 A1 144A                                                                            | CUSIP: 403945AC2<br>LEI: 2549009KYOPIDSS2IL61 | Long             | ABS-MBS          | CORP              | US        |     219853 | PA      | $220891.20    | 0.04%             | 2059-08-25      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-NQM2 A1 144A                          | HOME OWNER MORTGAGE ENHANCED S HOMES 2025 NQM2 A1 144A                                                                            | CUSIP: 403966AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     326160 | PA      | $328882.68    | 0.06%             | 2070-02-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| HOMES 2026-AFC1 A1 144A                          | HOME OWNER MORTGAGE ENHANCED S HOMES 2026 AFC1 A1 144A                                                                            | CUSIP: 403972AC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     610000 | PA      | $610597.80    | 0.11%             | 2061-02-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| HPA 2022-1 A 144A                                | HOME PARTNERS OF AMERICA TRUST HPA 2022 1 A 144A                                                                                  | CUSIP: 43730NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     131048 | PA      | $130480.73    | 0.02%             | 2039-04-17      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| HPA 2022-1 D 144A                                | HOME PARTNERS OF AMERICA TRUST HPA 2022 1 D 144A                                                                                  | CUSIP: 43730NAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     143078 | PA      | $142017.32    | 0.03%             | 2039-04-17      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP 144A                          | HOWARD HUGHES CORP SR UNSECURED 144A 03/32 5.875                                                                                  | CUSIP: 44267DAG2<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     222000 | PA      | $221888.02    | 0.04%             | 2032-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP 144A                          | HOWARD HUGHES CORP SR UNSECURED 144A 03/34 6.125                                                                                  | CUSIP: 44267DAH0<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |     267000 | PA      | $266399.91    | 0.05%             | 2034-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HPEFS 2023-2A C 144A                             | HPEFS EQUIPMENT TRUST HPEFS 2023 2A C 144A                                                                                        | CUSIP: 44328UAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      41951 | PA      | $42045.00     | 0.01%             | 2031-01-21      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| HPEFS 2023-2A D 144A                             | HPEFS EQUIPMENT TRUST HPEFS 2023 2A D 144A                                                                                        | CUSIP: 44328UAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100476.20    | 0.02%             | 2031-07-21      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| HPEFS 2024-1A C 144A                             | HPEFS EQUIPMENT TRUST HPEFS 2024 1A C 144A                                                                                        | CUSIP: 403963AE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     205000 | PA      | $205957.37    | 0.04%             | 2031-05-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| HPEFS 2024-1A D 144A                             | HPEFS EQUIPMENT TRUST HPEFS 2024 1A D 144A                                                                                        | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1600000 | PA      | $1618553.60   | 0.29%             | 2031-11-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| HPEFS 2024-2A B 144A                             | HPEFS EQUIPMENT TRUST HPEFS 2024 2A B 144A                                                                                        | CUSIP: 40444MAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100909.70    | 0.02%             | 2031-10-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HPEFS 2024-2A D 144A                             | HPEFS EQUIPMENT TRUST HPEFS 2024 2A D 144A                                                                                        | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $101998.43    | 0.02%             | 2032-04-20      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD TL B 1L BANKDEBT           | HUB INTERNATIONAL LIMITED 2025 TERM LOAN B                                                                                        | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |     697242 | PA      | $688819.15    | 0.12%             | 2030-06-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD 144A                       | HUB INTERNATIONAL LTD SR SECURED 144A 06/30 7.25                                                                                  | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     280000 | PA      | $288766.39    | 0.05%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD 144A                       | HUB INTERNATIONAL LTD SR UNSECURED 144A 01/32 7.375                                                                               | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |     282000 | PA      | $287701.93    | 0.05%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HY 2025-SPRL B 144A                              | HUDSON YARDS HY 2025 SPRL B 144A                                                                                                  | CUSIP: 44855PAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     730000 | PA      | $760909.44    | 0.14%             | 2040-01-13      | Variable      | 5.76%                 | No            |                  2 | On Loan: No      |
| HYT 2024-RGCY A 144A                             | HYT COMMERCIAL MORTGAGE TRUST HYT 2024 RGCY A 144A                                                                                | CUSIP: 449173AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     240000 | PA      | $240219.10    | 0.04%             | 2041-09-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA 144A                     | HYUNDAI CAPITAL AMERICA SR UNSECURED 144A 01/31 5.4                                                                               | CUSIP: 44891ACV7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     150000 | PA      | $156772.83    | 0.03%             | 2031-01-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC                         | ICON INVESTMENTS SIX DAC SR SECURED 05/34 6                                                                                       | CUSIP: 45115AAC8<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |     587000 | PA      | $602423.55    | 0.11%             | 2034-05-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IHEARTCOMMUNICATIONS TL 1L BANKDEBT              | IHEARTCOMMUNICATIONS INC 2024 TERM LOAN                                                                                           | CUSIP: 45174UAJ7<br>LEI: 54930076J6KDZL504O62 | Long             | LON              | CORP              | US        |     179547 | PA      | $155007.97    | 0.03%             | 2029-05-01      | Floating      | 9.56%                 | No            |                  2 | On Loan: No      |
| ILPT 2022-LPFX C 144A                            | ILPT COMMERCIAL MORTGAGE TRUST ILPT 2022 LPFX C 144A                                                                              | CUSIP: 449653AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $92515.08     | 0.02%             | 2032-03-15      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC 144A                     | IMPERIAL BRANDS FIN PLC COMPANY GUAR 144A 07/35 5.625                                                                             | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |     530000 | PA      | $548320.96    | 0.10%             | 2035-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC 144A                     | IMPERIAL BRANDS FIN PLC COMPANY GUAR 144A 07/55 6.375                                                                             | CUSIP: 45262BAL7<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |     300000 | PA      | $311025.87    | 0.06%             | 2055-07-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IMPRL 2021-NQM2 A1 144A                          | IMPERIAL FUND LLC IMPRL 2021 NQM2 A1 144A                                                                                         | CUSIP: 452761AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     724265 | PA      | $627957.39    | 0.11%             | 2056-09-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| INFRASTRUTTURE WIRELESS                          | INFRASTRUTTURE WIRELESS SR UNSECURED REGS 04/30 3.75                                                                              | CUSIP: 4508989D5<br>LEI: 81560066183FE361C071 | Long             | DBT              | CORP              | IT        |     555000 | PA      | $669437.96    | 0.12%             | 2030-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                                              | INSTRUCTURE HOLDINGS INC 2025 REPRICED TERM LOAN                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     268652 | PA      | $253819.43    | 0.05%             | 2031-11-13      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| IPOTEKA-BANK ATIB                                | IPOTEKA BANK ATIB SR UNSECURED REGS 10/30 6.45                                                                                    | CUSIP: TC9ZVZVT9<br>LEI: 213800UWVX5JSNXJS434 | Long             | DBT              | CORP              | UZ        |     530000 | PA      | $544881.70    | 0.10%             | 2030-10-09      | Fixed         | 6.45%                 | No            |                  2 | On Loan: —       |
| INSPIRE BRANDS TL B 1L BANKDEBT                  | IRB HOLDING CORP 2025 TERM LOAN B                                                                                                 | CUSIP: 44988LAM9<br>LEI: 549300HVW4WNWYBXN830 | Long             | LON              | CORP              | US        |     225987 | PA      | $225021.93    | 0.04%             | 2030-12-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| IVORY COAST 144A                                 | IVORY COAST SR UNSECURED 144A 04/36 8.075                                                                                         | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     885000 | PA      | $956066.13    | 0.17%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| JACK 2022-1A A2I 144A                            | JACK IN THE BOX FUNDING, LLC JACK 2022 1A A2I 144A                                                                                | CUSIP: 466365AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1527200 | PA      | $1489890.50   | 0.27%             | 2052-02-26      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| JTWN 2020-15A A1R 144A                           | JAMESTOWN CLO LTD JTWN 2020 15A A1R 144A                                                                                          | CUSIP: 47050EAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250719.25    | 0.04%             | 2035-07-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| JANE STREET GROUP LLC TL B 1L BANKDEBT           | JANE STREET GROUP LLC 2024 TERM LOAN B1                                                                                           | CUSIP: 47077DAM2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | LON              | CORP              | US        |     261103 | PA      | $252522.89    | 0.05%             | 2031-12-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN 144A                     | JANE STREET GRP/JSG FIN SR SECURED 144A 04/31 7.125                                                                               | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     270000 | PA      | $279715.05    | 0.05%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN 144A                     | JANE STREET GRP/JSG FIN SR SECURED 144A 05/33 6.75                                                                                | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     485000 | PA      | $497594.06    | 0.09%             | 2033-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN 144A                     | JANE STREET GRP/JSG FIN SR SECURED 144A 11/32 6.125                                                                               | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     165000 | PA      | $165534.36    | 0.03%             | 2032-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA 144A                    | JONES DESLAURIERS INSURA SR SECURED 144A 03/30 8.5                                                                                | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     160000 | PA      | $166020.33    | 0.03%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA 144A                    | JONES DESLAURIERS INSURA SR UNSECURED 144A 10/33 6.875                                                                            | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     455000 | PA      | $423553.26    | 0.08%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA 144A                    | JONES DESLAURIERS INSURA SR UNSECURED 144A 10/33 7.25                                                                             | CUSIP: 48020RAG0<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |     405000 | PA      | $291541.31    | 0.05%             | 2033-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NAVACORD TL 1L BANKDEBT                          | JONES DSLRRS INSRNC MANAG INC 2026 REPRICED TERM LOAN B                                                                           | CUSIP: TC8EWN8Y8<br>LEI: 549300JQIWNFU00E5424 | Long             | LON              | CORP              | CA        |     604013 | PA      | $579097.88    | 0.10%             | 2033-02-02      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| JPMMT 2016-3 B3 144A                             | JP MORGAN MORTGAGE TRUST JPMMT 2016 3 B3 144A                                                                                     | CUSIP: 46647EBC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      55356 | PA      | $53928.76     | 0.01%             | 2046-10-25      | Variable      | 3.31%                 | No            |                  2 | On Loan: No      |
| JPMMT 2017-2 B5 144A                             | JP MORGAN MORTGAGE TRUST JPMMT 2017 2 B5 144A                                                                                     | CUSIP: 46648HBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     306534 | PA      | $282317.27    | 0.05%             | 2047-05-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMMT 2017-5 B2 144A                             | JP MORGAN MORTGAGE TRUST JPMMT 2017 5 B2 144A                                                                                     | CUSIP: 46590YAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     165369 | PA      | $163580.90    | 0.03%             | 2048-10-26      | Variable      | 4.69%                 | No            |                  2 | On Loan: No      |
| JPMMT 2020-5 B2 144A                             | JP MORGAN MORTGAGE TRUST JPMMT 2020 5 B2 144A                                                                                     | CUSIP: 46653JBX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     172403 | PA      | $155784.21    | 0.03%             | 2050-12-25      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| JPMMT 2020-LTV1 B1A 144A                         | JP MORGAN MORTGAGE TRUST JPMMT 2020 LTV1 B1A 144A                                                                                 | CUSIP: 46591NBR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     167740 | PA      | $151305.84    | 0.03%             | 2050-06-25      | Variable      | 3.23%                 | No            |                  2 | On Loan: No      |
| JPMMT 2023-DSC2 A1 144A                          | JP MORGAN MORTGAGE TRUST JPMMT 2023 DSC2 A1 144A                                                                                  | CUSIP: 46657BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     159661 | PA      | $163256.64    | 0.03%             | 2063-11-25      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMMT 2025-NMQ3 A1 144A                          | JP MORGAN MORTGAGE TRUST JPMMT 2025 NQM3 A1 144A                                                                                  | CUSIP: 46659QAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1187676 | PA      | $1198970.28   | 0.21%             | 2065-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMORGAN CHASE + CO SR UNSECURED 10/36 VAR                                                                                        | CUSIP: 46647PFE1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     350000 | PA      | $348985.03    | 0.06%             | 2036-10-22      | Variable      | 4.81%                 | No            |                  2 | On Loan: No      |
| KASEYA TL 2L BANKDEBT                            | KASEYA INC 2025 2ND LIEN TERM LOAN B                                                                                              | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |     322456 | PA      | $260115.76    | 0.05%             | 2033-03-21      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| JSC KASPI.KZ 144A                                | KASPI.KZ JSC SR UNSECURED 144A 03/30 6.25                                                                                         | CUSIP: 466281AA0<br>LEI: 2549003YU6FARG8OAZ13 | Long             | DBT              | CORP              | KZ        |     805000 | PA      | $827846.53    | 0.15%             | 2030-03-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KENTUCKY UTILITIES CO                            | KENTUCKY UTILITIES CO 1ST MORTGAGE 08/55 5.85                                                                                     | CUSIP: 491674BP1<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |      60000 | PA      | $61782.25     | 0.01%             | 2055-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| N/A                                              | KEURIG DR PEPPER SERIES A TC33ROZX3                                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |        327 | NS      | $327000.00    | 0.06%             |  |  |  | No            |                  3 | On Loan: No      |
| KKR 2022-43A BR 144A                             | KKR FINANCIAL CLO LTD KKR 2022 43A BR 144A                                                                                        | CUSIP: 48255UAN4<br>LEI: 25490088LQLWORRKOM10 | Long             | ABS-CBDO         | CORP              | JE        |     300000 | PA      | $300578.70    | 0.05%             | 2036-01-15      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP TL B 1L BANKDEBT                | LAMAR MEDIA CORPORATION 2025 TERM LOAN B                                                                                          | CUSIP: 513076BE8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     170000 | PA      | $169787.50    | 0.03%             | 2032-09-23      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 TL B4 1L BANKDEBT                        | LEVEL 3 FINANCING INC 2025 REPRICED TERM LOAN B4                                                                                  | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |     730000 | PA      | $731095.00    | 0.13%             | 2032-03-29      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC 144A                       | LEVEL 3 FINANCING INC SR SECURED 144A 03/34 7                                                                                     | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     440000 | PA      | $457338.64    | 0.08%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC 144A                       | LEVEL 3 FINANCING INC SR SECURED 144A 06/33 6.875                                                                                 | CUSIP: 527298CM3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |      80000 | PA      | $82845.53     | 0.01%             | 2033-06-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH TL B 1L BANKDEBT                | LIFEPOINT HEALTH INC 2024 1ST LIEN TERM LOAN B                                                                                    | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |     350844 | PA      | $350942.11    | 0.06%             | 2031-05-17      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC 144A                        | LIFEPOINT HEALTH INC SR SECURED 144A 10/30 11                                                                                     | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     300000 | PA      | $325962.26    | 0.06%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC 144A                        | LIFEPOINT HEALTH INC SR UNSECURED 144A 06/32 10                                                                                   | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     538000 | PA      | $563556.27    | 0.10%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: —       |
| LGC GROUP TL B 1L BANKDEBT                       | LOIRE FINCO LUXEMBOURG SARL 2025 USD TERM LOAN B                                                                                  | CUSIP: 5039999D8<br>LEI: N/A                  | Long             | LON              | CORP              | LU        |     248130 | PA      | $247695.45    | 0.04%             | 2030-01-21      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| N/A                                              | LONG GILT FUTURE  JUN26 IFLL 20260626                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | GB        |         -7 | NC      | $-12082.21    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| LOUISVILLE GAS & ELEC                            | LOUISVILLE GAS + ELEC 1ST MORTGAGE 08/55 5.85                                                                                     | CUSIP: 546676BA4<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |      60000 | PA      | $61538.57     | 0.01%             | 2055-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL HOLDINGS INC COMPANY GUAR 03/35 5.65                                                                                          | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |      62000 | PA      | $62993.13     | 0.01%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| LTI HOLDINGS INC TL B 1L USD BANKDEBT            | LTI HOLDINGS INC 2024 TERM LOAN B                                                                                                 | CUSIP: 50217UBF3<br>LEI: 5493003GUY3WBOTOAP97 | Long             | LON              | CORP              | US        |     578890 | PA      | $578832.27    | 0.10%             | 2029-07-29      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| N/A                                              | LUXCO3 SHARES COMMON STOCK                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |        905 | NS      | $16628.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 539175697 TRS USD R V 12MSOFR 5539175697INT IBOXXTRS/ Short: 539175697 TRS USD P E 5539175697RET IBOXXTRS                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $57726.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 571216534 CDS USD R F  1.00000 5571216534_FEE CDXTRANCHE/ Short: 571216534 CDS USD P V 03MEVENT 5571216534_PRO CDXTRANCHE   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1243198.70   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 572439045 CDS USD R F  1.00000 5572439045_FEE CDXTRANCHE/ Short: 572439045 CDS USD P V 03MEVENT 5572439045_PRO CDXTRANCHE   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $1196314.17   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 596288090 CDS USD R F  5.00000 5596288090FEE CORPORATE/ Short: 596288090 CDS USD P V 03MEVENT 5596288090PRO CORPORATE       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $795.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 597329876 CDS USD R F  5.00000 5597329876FEE CORPORATE/ Short: 597329876 CDS USD P V 03MEVENT 5597329876PRO CORPORATE       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $795.46       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 672729644 TRS USD R E 5672729644RET EQUITYTRS/ Short: 672729644 TRS USD P V 00MSOFR 5672729644INT EQUITYTRS                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-268.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 685357762 CDS USD R F  3.00000 5685357762FEE CMBX/ Short: 685357762 CDS USD P V 01MEVENT 5685357762PRO CMBX                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-215311.02   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 686358129 CDS USD R F  3.00000 5686358129FEE CMBX/ Short: 686358129 CDS USD P V 01MEVENT 5686358129PRO CMBX                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-215444.83   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 686358136 CDS USD R F  3.00000 5686358136FEE CMBX/ Short: 686358136 CDS USD P V 01MEVENT 5686358136PRO CMBX                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-215311.02   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 689693016 CDS USD R F  3.00000 5689693016FEE CMBX/ Short: 689693016 CDS USD P V 01MEVENT 5689693016PRO CMBX                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-107722.42   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 690672032 CDS USD R F  3.00000 5690672032FEE CMBX/ Short: 690672032 CDS USD P V 01MEVENT 5690672032PRO CMBX                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-215311.02   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 690672135 CDS USD R F  3.00000 5690672135FEE CMBX/ Short: 690672135 CDS USD P V 01MEVENT 5690672135PRO CMBX                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-215444.83   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 691973752 CDS USD R F  3.00000 5691973752FEE CMBX/ Short: 691973752 CDS USD P V 01MEVENT 5691973752PRO CMBX                 | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-290783.62   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 699896270 TRS USD R V 12MSOFR 5699896270INT IBOXXTRS/ Short: 699896270 TRS USD P E 5699896270RET IBOXXTRS                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $260791.84    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447667 TRS USD R F  1.00000 BNYD8KII3 BONDTRS/ Short: 710447667 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-6516.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447672 TRS USD R F  1.00000 09581CAB7 BONDTRS/ Short: 710447672 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-4215.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447677 TRS USD R F  1.00000 03770DAD5 RET BONDTRS/ Short: 710447677 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-4215.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447683 TRS USD R F  1.00000 04020EAK3 BONDTRS/ Short: 710447683 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-406.74      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447692 TRS USD R F  1.00000 04010LBL6 BONDTRS/ Short: 710447692 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-2805.65     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447697 TRS USD R F  1.00000 04010LBH5 BONDTRS/ Short: 710447697 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-1575.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447703 TRS USD R F  1.00000 09581CAD3 BONDTRS/ Short: 710447703 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-5146.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447709 TRS USD R F  1.00000 69121KAH7 BONDTRS/ Short: 710447709 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-6534.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447714 TRS USD R F  1.00000 427096AN2 BONDTRS/ Short: 710447714 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-2430.45     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447725 TRS USD R F  1.00000 40440VAS4 BONDTRS/ Short: 710447725 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-753.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447734 TRS USD R F  1.00000 05684BAD9 BONDTRS/ Short: 710447734 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-849.82      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447739 TRS USD R F  1.00000 38152BAG6 BONDTRS/ Short: 710447739 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS            | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-814.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447746 TRS USD R F  1.00000 69120VAZ4 RET BONDTRS/ Short: 710447746 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-6584.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447751 TRS USD R F  1.00000 09261XAL6 RET BONDTRS/ Short: 710447751 TRS USD P V 00MSOFR SOFRRATE+0.48 BPS BONDTRS        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-1485.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: 710447756 TRS USD R F  1.00000 872280AB8 BONDTRS/ Short: 710447756 TRS USD P V 00MSOFR SOFRRATE +0.48 BPS BONDTRS           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | GB        |          1 | NC      | $-2162.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: B64324485 CDS EUR R V 03MEVENT 5564324485PRO CCPITRAXX/ Short: B64324485 CDS EUR P F  1.00000 5564324485FEE CCPITRAXX       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $-78880.11    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: B71123032 CDS USD R V 03MEVENT 5571123032PRO CCPCDX/ Short: B71123032 CDS USD P F  5.00000 5571123032FEE CCPCDX             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $-1268929.89  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: B71123067 CDS USD R V 03MEVENT 5571123067PRO CCPCDX/ Short: B71123067 CDS USD P F  1.00000 5571123067FEE CCPCDX             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $619992.90    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: B89802173 CDS USD R V 03MEVENT 5689802173PRO CCPCORPORATE/ Short: B89802173 CDS USD P F  1.00000 5689802173FEE CCPCORPORATE | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $2694.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: S53321602 CDS EUR R F  1.00000 5553321602FEE CCPCORPORATE/ Short: S53321602 CDS EUR P V 03MEVENT 5553321602PRO CCPCORPORATE | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $-67294.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: S64324443 CDS EUR R F  1.00000 5564324443FEE CCPITRAXX/ Short: S64324443 CDS EUR P V 03MEVENT 5564324443PRO CCPITRAXX       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $1476202.03   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: S64324481 CDS USD R F  1.00000 5564324481FEE CCPCDX/ Short: S64324481 CDS USD P V 03MEVENT 5564324481PRO CCPCDX             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $-221900.54   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | Long: S96584852 CDS USD R F  1.00000 5596584852FEE CCPCORPORATE/ Short: S96584852 CDS USD P V 03MEVENT 5596584852PRO CCPCORPORATE | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCR              | CORP              | US        |          1 | NC      | $-67465.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MDPK 2016-24A CR2 144A                           | MADISON PARK FUNDING LTD MDPK 2016 24A CR2 144A                                                                                   | CUSIP: 55820NBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1625000 | PA      | $1624460.50   | 0.29%             | 2029-10-20      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| MDPK 2018-30A BR 144A                            | MADISON PARK FUNDING LTD MDPK 2018 30A BR 144A                                                                                    | CUSIP: 55821TAQ0<br>LEI: 549300FFTJ3WPTJK8589 | Long             | ABS-CBDO         | CORP              | KY        |     700000 | PA      | $701317.40    | 0.13%             | 2037-07-16      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MDPK 2022-60A BR 144A                            | MADISON PARK FUNDING LTD MDPK 2022 60A BR 144A                                                                                    | CUSIP: 557910AS5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     315000 | PA      | $315641.34    | 0.06%             | 2037-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                           | MARVELL TECHNOLOGY INC SR UNSECURED 07/35 5.45                                                                                    | CUSIP: 573874AS3<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | DBT              | CORP              | US        |     600000 | PA      | $623214.34    | 0.11%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO 144A                        | MATADOR RESOURCES CO COMPANY GUAR 144A 04/33 6.25                                                                                 | CUSIP: 576485AH9<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |     165000 | PA      | $167896.81    | 0.03%             | 2033-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO 144A                        | MATADOR RESOURCES CO COMPANY GUAR 144A 04/34 6                                                                                    | CUSIP: 576485AJ5<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |      75000 | PA      | $75091.46     | 0.01%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MATCH GROUP HLD II LLC 144A                      | MATCH GROUP HLD II LLC SR UNSECURED 144A 09/33 6.125                                                                              | CUSIP: 57667JAC6<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |     234000 | PA      | $233495.69    | 0.04%             | 2033-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CONDOR MERGER SUB INC 144A                       | MCAFEE CORP SR UNSECURED 144A 02/30 7.375                                                                                         | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |     285000 | PA      | $233163.50    | 0.04%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP TL 1L BANKDEBT                       | MCAFEE LLC 2024 USD 1ST LIEN TERM LOAN B                                                                                          | CUSIP: 57906HAF4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | LON              | CORP              | US        |     251542 | PA      | $218212.99    | 0.04%             | 2029-03-01      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| MEDLINE TL B 1L BANKDEBT                         | MEDLINE BORROWER LP 2025 INCREMENTAL TERM LOAN B                                                                                  | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |     338300 | PA      | $338854.81    | 0.06%             | 2030-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MEDLINE TL B 1L BANKDEBT                         | MEDLINE BORROWER LP 2025 TERM LOAN B                                                                                              | CUSIP: 58503UAH6<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |      35088 | PA      | $35125.75     | 0.01%             | 2028-10-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP 144A                         | MEDLINE BORROWER/MEDL CO SR SECURED 144A 04/29 6.25                                                                               | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     165000 | PA      | $170280.63    | 0.03%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                               | META PLATFORMS INC SR UNSECURED 11/45 5.5                                                                                         | CUSIP: 30303M8X3<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     455000 | PA      | $449275.17    | 0.08%             | 2045-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                               | META PLATFORMS INC SR UNSECURED 11/55 5.625                                                                                       | CUSIP: 30303MAE2<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     800000 | PA      | $783060.12    | 0.14%             | 2055-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MFRA 2022-INV2 A1 144A                           | MFRA TRUST MFRA 2022 INV2 A1 144A                                                                                                 | CUSIP: 55285UAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     298036 | PA      | $297465.79    | 0.05%             | 2057-07-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| MFRA 2023-INV2 A2 144A                           | MFRA TRUST MFRA 2023 INV2 A2 144A                                                                                                 | CUSIP: 59319BAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      74712 | PA      | $75240.81     | 0.01%             | 2058-10-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| MITER BRANDS TL B2 1L BANKDEBT                   | MI WINDOWS AND DOORS LLC 2024 TERM LOAN B2                                                                                        | CUSIP: 55336CAK8<br>LEI: 2549001JQBGDT0WEQ156 | Long             | LON              | CORP              | US        |     187467 | PA      | $185920.75    | 0.03%             | 2031-03-28      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| MIDAS OPCO HOLDINGS LLC 144A                     | MIDAS OPCO HOLDINGS LLC COMPANY GUAR 144A 08/29 5.625                                                                             | CUSIP: 59565JAA9<br>LEI: 984500904E015Z0C1F82 | Long             | DBT              | CORP              | US        |     175000 | PA      | $161063.90    | 0.03%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL SR UNSECURED FRN PP 144A        | MIDCAP FINANCIAL ISSR TR SR UNSECURED 144A 04/29 VAR                                                                              | CUSIP: 59590AAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     550000 | PA      | $551186.76    | 0.10%             | 2029-04-15      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| MIDCAP FINANCIAL 144A                            | MIDCAP FINANCIAL ISSR TR SR UNSECURED 144A 05/28 6.5                                                                              | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     400000 | PA      | $397702.13    | 0.07%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MMAF 2020-A A4 144A                              | MMAF EQUIPMENT FINANCE LLC MMAF 2020 A A4 144A                                                                                    | CUSIP: 60700MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $97262.50     | 0.02%             | 2030-08-09      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC 144A                       | MOLINA HEALTHCARE INC SR UNSECURED 144A 02/31 6.5                                                                                 | CUSIP: 60855RAN0<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |      95000 | PA      | $95370.24     | 0.02%             | 2031-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MSRM 2025-DSC2 A1 144A                           | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 DSC2 A1 144A                                                                             | CUSIP: 61778XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     109648 | PA      | $110934.10    | 0.02%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| MSRM 2025-NQM5 A1 144A                           | MORGAN STANLEY RESIDENTIAL MOR MSRM 2025 NQM5 A1 144A                                                                             | CUSIP: 61779BAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     291559 | PA      | $294298.48    | 0.05%             | 2070-07-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | MORGAN STANLEY SR UNSECURED 07/35 VAR                                                                                             | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     135000 | PA      | $139681.66    | 0.02%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                           | MOTOROLA SOLUTIONS INC SR UNSECURED 04/34 5.4                                                                                     | CUSIP: 620076BZ1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |     150000 | PA      | $156554.65    | 0.03%             | 2034-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                          | MPT OPER PARTNERSP/FINL COMPANY GUAR 10/26 0.993                                                                                  | CUSIP: 55342U9C0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     165000 | PA      | $190986.84    | 0.03%             | 2026-10-15      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL 144A                     | MPT OPER PARTNERSP/FINL SR SECURED 144A 02/32 8.5                                                                                 | CUSIP: 55342UAQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     195000 | PA      | $208730.91    | 0.04%             | 2032-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MSWF 2023-2 A5                                   | MSWF COMMERCIAL MORTGAGE TRUST MSWF 2023 2 A5                                                                                     | CUSIP: 55361AAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     550000 | PA      | $600617.11    | 0.11%             | 2056-12-15      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| MVWOT 2020-1A C 144A                             | MVW 2020 1 LLC MVWOT 2020 1A C 144A                                                                                               | CUSIP: 55400EAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      43235 | PA      | $43037.09     | 0.01%             | 2037-10-20      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| MVWOT 2023-1A B 144A                             | MVW OWNER TRUST MVWOT 2023 1A B 144A                                                                                              | CUSIP: 62848PAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      35490 | PA      | $36019.95     | 0.01%             | 2040-10-20      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| MVWOT 2023-1A C 144A                             | MVW OWNER TRUST MVWOT 2023 1A C 144A                                                                                              | CUSIP: 62848PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      35490 | PA      | $36558.42     | 0.01%             | 2040-10-20      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| N/A                                              | NAVACORD CLASS A PREF SHRS TC190OE89                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |        620 | NS      | $446574.54    | 0.08%             |  |  |  | No            |                  3 | On Loan: No      |
| NAVIENT CORP                                     | NAVIENT CORP SR UNSECURED 03/31 11.5                                                                                              | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     225000 | PA      | $238771.97    | 0.04%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                     | NAVIENT CORP SR UNSECURED 06/32 7.875                                                                                             | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     206000 | PA      | $191728.85    | 0.03%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| NAVIENT CORP                                     | NAVIENT CORP SR UNSECURED 07/30 9.375                                                                                             | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     400000 | PA      | $404862.74    | 0.07%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| SLM CORP                                         | NAVIENT CORP SR UNSECURED 08/33 5.625                                                                                             | CUSIP: 78442FAZ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |      96000 | PA      | $78880.92     | 0.01%             | 2033-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NAVSL 2019-CA B 144A                             | NAVIENT STUDENT LOAN TRUST NAVSL 2019 CA B 144A                                                                                   | CUSIP: 63940YAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     151000 | PA      | $145484.88    | 0.03%             | 2068-02-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| NAVMT 2024-1 B 144A                              | NAVISTAR FINANCIAL DEALER NOTE NAVMT 2024 1 B 144A                                                                                | CUSIP: 63938PBX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      15000 | PA      | $15032.32     | 0.00%             | 2029-04-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| NAVMT 2024-1 C 144A                              | NAVISTAR FINANCIAL DEALER NOTE NAVMT 2024 1 C 144A                                                                                | CUSIP: 63938PBY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      25000 | PA      | $25057.10     | 0.00%             | 2029-04-25      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| NAVMT 2025-1 B 144A                              | NAVISTAR FINANCIAL DEALER NOTE NAVMT 2025 1 B 144A                                                                                | CUSIP: 63938PCA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     111000 | PA      | $111254.12    | 0.02%             | 2030-09-25      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| NAVMT 2025-1 C 144A                              | NAVISTAR FINANCIAL DEALER NOTE NAVMT 2025 1 C 144A                                                                                | CUSIP: 63938PCB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      55000 | PA      | $55138.39     | 0.01%             | 2030-09-25      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| NIELSEN TL B 1L BANKDEBT                         | NEPTUNE BIDCO US INC 2026 USD TERM LOAN B                                                                                         | CUSIP: 64069JAK8<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |     360000 | PA      | $338490.00    | 0.06%             | 2033-02-03      | Floating      | 8.76%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC 144A                        | NEPTUNE BIDCO US INC SR SECURED 144A 02/33 9.5                                                                                    | CUSIP: 640695AD4<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     185000 | PA      | $181294.65    | 0.03%             | 2033-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC 144A                        | NEPTUNE BIDCO US INC SR SECURED 144A 04/29 9.29                                                                                   | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     140000 | PA      | $140424.63    | 0.03%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC 144A                        | NEPTUNE BIDCO US INC SR SECURED 144A 05/31 10.375                                                                                 | CUSIP: 640695AC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     540000 | PA      | $545121.42    | 0.10%             | 2031-05-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| NEUB 2021-43A AR 144A                            | NEUBERGER BERMAN CLO LTD NEUB 2021 43A AR 144A                                                                                    | CUSIP: 64134AAJ1<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |    1380000 | PA      | $1378348.14   | 0.25%             | 2036-07-17      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| USRE 2021-1 B1 144A                              | NEW ECONOMY ASSETS PHASE 1 ISS USRE 2021 1 B1 144A                                                                                | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $66382.20     | 0.01%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| NRZT 2025-NQM4 A1 144A                           | NEW RESIDENTIAL MORTGAGE LOAN NRZT 2025 NQM4 A1 144A                                                                              | CUSIP: 64832FAC0<br>LEI: 2138001CG5SYL78G3648 | Long             | ABS-MBS          | CORP              | US        |     432486 | PA      | $437916.33    | 0.08%             | 2065-07-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| NYMT 2025-INV1 A1 144A                           | NEW YORK MORTGAGE TRUST NYMT 2025 INV1 A1 144A                                                                                    | CUSIP: 67120YAC3<br>LEI: 254900KJ201MTW2K6G74 | Long             | ABS-MBS          | CORP              | US        |     701000 | PA      | $706556.98    | 0.13%             | 2060-04-25      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                | NEWELL BRANDS INC SR UNSECURED 05/32 6.625                                                                                        | CUSIP: 651229BE5<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     115000 | PA      | $115007.80    | 0.02%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| NEWELL BRANDS INC 144A                           | NEWELL BRANDS INC SR UNSECURED 144A 06/28 8.5                                                                                     | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     139000 | PA      | $146299.01    | 0.03%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                              | NFL SR SECURED NOTE TC2P1E1R5                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     335000 | PA      | $335000.00    | 0.06%             | 2030-10-05      | Fixed         | 4.78%                 | No            |                  3 | On Loan: No      |
| NGL ENERGY PARTNERS LP 144A                      | NGL ENRGY OP/FIN CORP SR SECURED 144A 02/32 8.375                                                                                 | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     175000 | PA      | $183594.13    | 0.03%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER 144A                        | NIAGARA MOHAWK POWER SR UNSECURED 144A 10/30 4.647                                                                                | CUSIP: 653522DT6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |     355000 | PA      | $360704.94    | 0.06%             | 2030-10-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NIGERIA T- BILL                                  | NIGERIA OMO BILL BILLS 04/26 0.00000                                                                                              | CUSIP: TC614LRD8<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        | 2474000000 | PA      | $1760429.82   | 0.32%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE 144A                     | NISSAN MOTOR ACCEPTANCE SR UNSECURED 144A 09/30 6.125                                                                             | CUSIP: 65480CAL9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     220000 | PA      | $220489.72    | 0.04%             | 2030-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO 144A                             | NISSAN MOTOR CO SR UNSECURED 144A 07/30 7.5                                                                                       | CUSIP: 654922AB9<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |     215000 | PA      | $226918.86    | 0.04%             | 2030-07-17      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NMEF 2025-A A2 144A                              | NMEF FUNDING LLC NMEF 2025 A A2 144A                                                                                              | CUSIP: 62919VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     265051 | PA      | $266165.93    | 0.05%             | 2032-07-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| WOODS 2018-14BA AR 144A                          | NORTHWOODS CAPITAL LTD WOODS 2018 14BA AR 144A                                                                                    | CUSIP: 66860CAL7<br>LEI: 549300QQDSTCZ860F679 | Long             | ABS-CBDO         | CORP              | KY        |     108429 | PA      | $108669.29    | 0.02%             | 2031-11-13      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                         | NOTA DO TESOURO NACIONAL NOTES 01/33 10                                                                                           | CUSIP: 1059949T6<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |   16565000 | PA      | $2776246.14   | 0.50%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NRG ENERGY INC 144A                              | NRG ENERGY INC SR UNSECURED 144A 01/36 6                                                                                          | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     245000 | PA      | $249357.12    | 0.04%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP 144A                            | NTT FINANCE CORP SR UNSECURED 144A 07/32 5.171                                                                                    | CUSIP: 62954WAU9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |     200000 | PA      | $206800.99    | 0.04%             | 2032-07-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | OCCIDENTAL PETROLEUM COR SR UNSECURED 03/40 6.2                                                                                   | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     366000 | PA      | $382230.91    | 0.07%             | 2040-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | OCCIDENTAL PETROLEUM COR SR UNSECURED 10/54 6.05                                                                                  | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     910000 | PA      | $906482.51    | 0.16%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| BVINV 2020-1 A3 144A                             | OCEANVIEW MORTGAGE TRUST BVINV 2020 1 A3 144A                                                                                     | CUSIP: 676477AD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $92032.14     | 0.02%             | 2050-05-28      | Variable      | 3.28%                 | No            |                  2 | On Loan: No      |
| BVINV 2021-6 A5 144A                             | OCEANVIEW MORTGAGE TRUST BVINV 2021 6 A5 144A                                                                                     | CUSIP: 07335UAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     438912 | PA      | $400087.42    | 0.07%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| OCP 2017-13A B1R2 144A                           | OCP CLO LTD OCP 2017 13A B1R2 144A                                                                                                | CUSIP: 67097LAX4<br>LEI: 254900M77QLN2EBJHE11 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250602.25    | 0.04%             | 2037-11-26      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| OCT47 2020-1A A2R2 144A                          | OCTAGON INVESTMENT PARTNERS 47 OCT47 2020 1A A2R2 144A                                                                            | CUSIP: 67576XAY6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     330000 | PA      | $330485.76    | 0.06%             | 2038-01-22      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| OCT47 2020-1A BR2 144A                           | OCTAGON INVESTMENT PARTNERS 47 OCT47 2020 1A BR2 144A                                                                             | CUSIP: 67576XBA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     325000 | PA      | $325803.08    | 0.06%             | 2038-01-22      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| OCTL 2023-3A C 144A                              | OCTANE RECEIVABLES TRUST OCTL 2023 3A C 144A                                                                                      | CUSIP: 67571CAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $102046.30    | 0.02%             | 2029-08-20      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| OCTL 2024-RVM1 A 144A                            | OCTANE RECEIVABLES TRUST OCTL 2024 RVM1 A 144A                                                                                    | CUSIP: 67579FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     809542 | PA      | $824793.17    | 0.15%             | 2046-01-22      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| OCTL 2025-RVM1 B 144A                            | OCTANE RECEIVABLES TRUST OCTL 2025 RVM1 B 144A                                                                                    | CUSIP: 67571HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     345000 | PA      | $348578.03    | 0.06%             | 2046-12-20      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| OCTL 2025-RVM1 C 144A                            | OCTANE RECEIVABLES TRUST OCTL 2025 RVM1 C 144A                                                                                    | CUSIP: 67571HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     705000 | PA      | $719527.94    | 0.13%             | 2046-12-20      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL TL 2L BANKDEBT                        | ONEDIGITAL BORROWER LLC 2024 2ND LIEN TERM LOAN                                                                                   | CUSIP: 68252HAB0<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |     832838 | PA      | $830239.19    | 0.15%             | 2032-07-02      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| ONEDIGITAL TL B 1L BANKDEBT                      | ONEDIGITAL BORROWER LLC 2025 REPRICED TERM LOAN                                                                                   | CUSIP: 68277FAN9<br>LEI: 2549009GTKWWAO1E9X77 | Long             | LON              | CORP              | US        |     343602 | PA      | $330503.95    | 0.06%             | 2031-07-02      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                             | ONEMAIN FINANCE CORP COMPANY GUAR 05/31 7.5                                                                                       | CUSIP: 682691AF7<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     100000 | PA      | $103242.30    | 0.02%             | 2031-05-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OBX 2020-EXP2 A8 144A                            | ONSLOW BAY FINANCIAL LLC OBX 2020 EXP2 A8 144A                                                                                    | CUSIP: 67448VAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      18779 | PA      | $17003.65     | 0.00%             | 2060-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| OBX 2020-EXP3 1A9 144A                           | ONSLOW BAY FINANCIAL LLC OBX 2020 EXP3 1A9 144A                                                                                   | CUSIP: 67448WAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     137087 | PA      | $122928.95    | 0.02%             | 2060-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB1 A1 144A                            | ONSLOW BAY FINANCIAL LLC OBX 2024 HYB1 A1 144A                                                                                    | CUSIP: 67448MAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     139224 | PA      | $139536.59    | 0.02%             | 2053-03-25      | Variable      | 3.63%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM14 A1B 144A                          | ONSLOW BAY FINANCIAL LLC OBX 2025 NQM14 A1B 144A                                                                                  | CUSIP: 673924AB2<br>LEI: 254900T4WKE0IYMYAI09 | Long             | ABS-MBS          | CORP              | US        |     734247 | PA      | $738386.38    | 0.13%             | 2065-07-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| OBX 2025-NQM6 A1 144A                            | ONSLOW BAY FINANCIAL LLC OBX 2025 NQM6 A1 144A                                                                                    | CUSIP: 67448UAA0<br>LEI: 254900W46UQEWQMYYZ02 | Long             | ABS-MBS          | CORP              | US        |    1099031 | PA      | $1112036.14   | 0.20%             | 2065-03-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LP 144A                       | ONT GAMING GTA/OTG CO IS SR SECURED 144A 08/30 8                                                                                  | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     115000 | PA      | $111017.67    | 0.02%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ONE TORONTO GAMING TL B 1L BANKDEBT              | ONTARIO GAMING GTA LP TERM LOAN B                                                                                                 | CUSIP: 68306M9A9<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |     121067 | PA      | $113860.02    | 0.02%             | 2030-08-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| OPELLA TL B 1L BANKDEBT                          | OPAL BIDCO SAS USD 1ST LIEN TERM LOAN B                                                                                           | CUSIP: TC5YAO4H0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     653362 | PA      | $652382.46    | 0.12%             | 2032-04-28      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | ORACLE CORP SR UNSECURED 02/66 6.85                                                                                               | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     445000 | PA      | $426744.24    | 0.08%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | ORACLE CORP SR UNSECURED 09/35 5.2                                                                                                | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     580000 | PA      | $560524.04    | 0.10%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | ORACLE CORP SR UNSECURED 09/55 5.95                                                                                               | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    1155000 | PA      | $1015629.34   | 0.18%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ORANGE SA 144A                                   | ORANGE SA SR UNSECURED 144A 01/36 5                                                                                               | CUSIP: 685218AF6<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |     725000 | PA      | $727708.09    | 0.13%             | 2036-01-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORGANON FINANCE 1 LLC 144A                       | ORGANON + CO/ORGANON FOR SR UNSECURED 144A 04/31 5.125                                                                            | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $177378.91    | 0.03%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC 144A                          | OSAIC HOLDINGS INC COMPANY GUAR 144A 08/33 8                                                                                      | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |     155000 | PA      | $154568.35    | 0.03%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OZLMF 2012-2A BR4 144A                           | OZLM FUNDING LTD OZLMF 2012 2A BR4 144A                                                                                           | CUSIP: 67108BCJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1270000 | PA      | $1272284.73   | 0.23%             | 2037-07-30      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 07/50 4.95                                                                                    | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     205000 | PA      | $176938.53    | 0.03%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 08/50 3.5                                                                                     | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     213000 | PA      | $146442.28    | 0.03%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 10/32 5.05                                                                                    | CUSIP: 694308KY2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     580000 | PA      | $591160.56    | 0.11%             | 2032-10-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | PACIFIC GAS + ELECTRIC 1ST MORTGAGE 10/54 5.9                                                                                     | CUSIP: 694308KT3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     134000 | PA      | $130511.43    | 0.02%             | 2054-10-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                       | PACIFICORP JR SUBORDINA 08/56 VAR                                                                                                 | CUSIP: 695114DG0<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     315000 | PA      | $309406.15    | 0.06%             | 2056-08-15      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| PLMRS 2021-1A A1AR 144A                          | PALMER SQUARE CLO LTD PLMRS 2021 1A A1AR 144A                                                                                     | CUSIP: 69701WAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    1335000 | PA      | $1335923.82   | 0.24%             | 2038-04-20      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| PSTAT 2024-3A BR 144A                            | PALMER SQUARE LOAN FUNDING LTD PSTAT 2024 3A BR 144A                                                                              | CUSIP: 69690EAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     465000 | PA      | $463545.02    | 0.08%             | 2032-08-08      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER 144A                       | PANTHER ESCROW ISSUER SR SECURED 144A 06/31 7.125                                                                                 | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     165000 | PA      | $167830.60    | 0.03%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PATTERSON TL B 1L BANKDEBT                       | PARADIGM PARENT LLC 1ST LIEN TERM LOAN                                                                                            | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |     174562 | PA      | $145541.48    | 0.03%             | 2032-04-16      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| PARADIGM PRNT/CO-ISSUER 144A                     | PARADIGM PRNT/CO ISSUER SR SECURED 144A 04/32 8.75                                                                                | CUSIP: 69902PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     165000 | PA      | $143124.83    | 0.03%             | 2032-04-17      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                                      | PAYCHEX INC SR UNSECURED 04/35 5.6                                                                                                | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |     200000 | PA      | $204948.81    | 0.04%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| PEAC 2025-1A A2 144A                             | PEAC SOLUTIONS RECEIVABLES LLC PEAC 2025 1A A2 144A                                                                               | CUSIP: 69392HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     295498 | PA      | $297246.36    | 0.05%             | 2028-10-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC 144A                    | PERMIAN RESOURC OPTG LLC COMPANY GUAR 144A 02/33 6.25                                                                             | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     160000 | PA      | $165385.26    | 0.03%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC 144A                    | PERMIAN RESOURC OPTG LLC COMPANY GUAR 144A 07/31 9.875                                                                            | CUSIP: 27034RAC7<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |     108000 | PA      | $115560.91    | 0.02%             | 2031-07-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | PETROLEOS MEXICANOS COMPANY GUAR 02/33 10                                                                                         | CUSIP: 71654QDP4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1220000 | PA      | $1425626.77   | 0.26%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | PETROLEOS MEXICANOS COMPANY GUAR 06/29 8.75                                                                                       | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    1090000 | PA      | $1172904.75   | 0.21%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI 144A                    | PETSMART LLC/PETSMART FI SR SECURED 144A 09/32 7.5                                                                                | CUSIP: 71677KAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     250000 | PA      | $252996.08    | 0.05%             | 2032-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                        | PG+E CORP JR SUBORDINA 03/55 VAR                                                                                                  | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     164000 | PA      | $169775.50    | 0.03%             | 2055-03-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                        | PG+E CORP JR SUBORDINA 09/56 VAR                                                                                                  | CUSIP: 69331CAN8<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     280000 | PA      | $279661.21    | 0.05%             | 2056-09-15      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC FINANCIAL SERVICES SR UNSECURED 07/36 VAR                                                                                     | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     200000 | PA      | $207164.78    | 0.04%             | 2036-07-21      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX JEFF GULF COAST EN 144A AMT     | PORT BEAUMONT TX NAV DIST DOCK PTBTRN 07/26 FIXED 10                                                                              | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |     135000 | PA      | $135293.44    | 0.02%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| POST 2022-1A BR 144A                             | POST CLO LTD POST 2022 1A BR 144A                                                                                                 | CUSIP: 73742YAL9<br>LEI: 5493007CUC7FI0ONIF25 | Long             | ABS-CBDO         | CORP              | KY        |     505000 | PA      | $503419.86    | 0.09%             | 2035-04-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| PREF 2024-1A A2 144A                             | POST ROAD EQUIPMENT FINANCE PREF 2024 1A A2 144A                                                                                  | CUSIP: 737473AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      20101 | PA      | $20157.97     | 0.00%             | 2029-11-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| PREF 2024-1A C 144A                              | POST ROAD EQUIPMENT FINANCE PREF 2024 1A C 144A                                                                                   | CUSIP: 737473AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $101371.80    | 0.02%             | 2030-10-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| PRAEMIA HEALTHCARE SACA                          | PRAEMIA HEALTHCARE SACA SR UNSECURED REGS 06/32 3.875                                                                             | CUSIP: 4529999C1<br>LEI: 96950067NFR9MWI0CJ45 | Long             | DBT              | CORP              | FR        |     200000 | PA      | $237838.05    | 0.04%             | 2032-06-05      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP 144A                         | PRAIRIE ACQUIROR LP SR SECURED 144A 08/29 9                                                                                       | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |     190000 | PA      | $198337.78    | 0.04%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS TL B 1L BANKDEBT                       | PRAIRIE ECI ACQUIROR LP 2026 REPRICED TERM LOAN B                                                                                 | CUSIP: 73955HAG9<br>LEI: 254900Q6KU2LVSIISH22 | Long             | LON              | CORP              | US        |     152907 | PA      | $152945.66    | 0.03%             | 2029-08-01      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| PRO MACH TL B 1L BANKDEBT                        | PRO MACH GROUP INC 2025 1ST LIEN TERM LOAN B                                                                                      | CUSIP: 74273JAL7<br>LEI: 5493008SZGSVUCSNB151 | Long             | LON              | CORP              | US        |     265000 | PA      | $264735.00    | 0.05%             | 2032-10-15      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| PROG 2021-SFR8 E1 144A                           | PROGRESS RESIDENTIAL TRUST PROG 2021 SFR8 E1 144A                                                                                 | CUSIP: 74333TAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     638000 | PA      | $629713.66    | 0.11%             | 2038-10-17      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PROG 2025-SFR2 A 144A                            | PROGRESS RESIDENTIAL TRUST PROG 2025 SFR2 A 144A                                                                                  | CUSIP: 74334GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1627585 | PA      | $1561537.49   | 0.28%             | 2042-04-17      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| N/A                                              | PROJECT ALPHA INTERME HLDG INC 2025 2ND LIEN INC TL                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     780000 | PA      | $581100.00    | 0.10%             | 2033-05-09      | Floating      | 8.67%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                          | PUBLIC SERVICE OKLAHOMA SR UNSECURED 01/36 5.45                                                                                   | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |     695000 | PA      | $720161.32    | 0.13%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/27 FIXED 5.625                                                                                          | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |       3593 | PA      | $3676.65      | 0.00%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/29 FIXED 5.625                                                                                          | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |       3535 | PA      | $3775.90      | 0.00%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/33 FIXED 4                                                                                              | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |       3256 | PA      | $3332.20      | 0.00%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT CABS SER A                | PUERTO RICO CMWLTH PRC 07/33 ZEROCPNOID 0                                                                                         | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |       4190 | PA      | $3097.59      | 0.00%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/35 FIXED 4                                                                                              | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |       2926 | PA      | $2973.71      | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/37 FIXED 4                                                                                              | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |       2511 | PA      | $2514.07      | 0.00%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUBLIC IMPT SER A1                    | PUERTO RICO CMWLTH PRC 07/41 FIXED 4                                                                                              | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |       3415 | PA      | $3310.02      | 0.00%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PR COMWLTH PUB IMPT CVI-SUBSER CW NT             | PUERTO RICO CMWLTH PRC 11/43 ADJUSTABLE VAR                                                                                       | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    2413441 | PA      | $1647173.15   | 0.29%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED AUD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |          1 | NC      | $267125.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED AUD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |          1 | NC      | $27.88        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $10209.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $26691.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $3906.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $674.10       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                          | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $83017.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $26741.08     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $1344.44      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED BRL/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $16213.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CHF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CH        |          1 | NC      | $27.36        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CHF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CH        |          1 | NC      | $-3.78        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CHF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CH        |          1 | NC      | $-59.73       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CLP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CL        |          1 | NC      | $-247.72      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CLP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CL        |          1 | NC      | $-1473.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CLP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CL        |          1 | NC      | $-129.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CNH/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CN        |          1 | NC      | $37.86        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-8366.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $702.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-168.87      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-32099.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK                            | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-14199.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-4108.76     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-47.43       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                      | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-13419.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-125.88      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank N.A.                            | PURCHASED COP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $32145.48     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CZK/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CZ        |          1 | NC      | $-14.89       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED EGP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $-21.19       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED EGP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $-3047.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED EGP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $-110.83      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED EGP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $116857.58    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED EGP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $-1167.97     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED EGP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $-14.33       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $3.42         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $347.29       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $-7.35        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED EUR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $-5717.37     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | PURCHASED GBP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | GB        |          1 | NC      | $-7310.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED GBP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | GB        |          1 | NC      | $-34.75       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED GBP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | GB        |          1 | NC      | $-22.02       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED HUF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $17.23        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED HUF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $29.96        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED HUF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $7539.49      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED HUF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $-8644.77     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED HUF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $2472.12      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED HUF/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $198.84       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED IDR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $1254.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED IDR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $-7.84        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED ILS/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IL        |          1 | NC      | $-33.07       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED ILS/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IL        |          1 | NC      | $-31.04       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED INR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IN        |          1 | NC      | $-1.31        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED INR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IN        |          1 | NC      | $-783.24      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED INR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IN        |          1 | NC      | $48.15        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED INR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IN        |          1 | NC      | $-3.17        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED INR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IN        |          1 | NC      | $2937.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED JPY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | JP        |          1 | NC      | $-7349.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED JPY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | JP        |          1 | NC      | $-16.38       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED JPY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | JP        |          1 | NC      | $-159.81      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED KRW/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $11.03        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED KRW/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $-30.50       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED KRW/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $3.19         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                      | PURCHASED KRW/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $2319.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED KZT/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KZ        |          1 | NC      | $14752.86     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED MXN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MX        |          1 | NC      | $-238.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED MXN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MX        |          1 | NC      | $-10.09       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED MXN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MX        |          1 | NC      | $9.56         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED MYR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-2.36        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED MYR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $218583.08    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                               | PURCHASED MYR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $1440.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED MYR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $472.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | PURCHASED MYR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $62.77        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED NOK/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NO        |          1 | NC      | $34.79        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED NZD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NZ        |          1 | NC      | $-799.96      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED NZD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NZ        |          1 | NC      | $7.52         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED NZD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NZ        |          1 | NC      | $2.85         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | PURCHASED PEN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PE        |          1 | NC      | $-430.89      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED PEN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PE        |          1 | NC      | $1.46         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED PEN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PE        |          1 | NC      | $-2.30        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED PEN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PE        |          1 | NC      | $1.74         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED PEN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PE        |          1 | NC      | $513.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED PHP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $640.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED PHP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $79.81        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                      | PURCHASED PHP/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $97613.47     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED PLN/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PL        |          1 | NC      | $-732.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED SEK/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SE        |          1 | NC      | $-6085.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED SEK/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SE        |          1 | NC      | $6.28         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED SEK/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SE        |          1 | NC      | $-18.04       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED SEK/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SE        |          1 | NC      | $-24.59       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED SGD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SG        |          1 | NC      | $-18.45       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | PURCHASED THB/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $-450.67      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED THB/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $4.35         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | PURCHASED THB/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $90644.03     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED THB/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $4.79         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | PURCHASED TRY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TR        |          1 | NC      | $24224.09     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TRY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TR        |          1 | NC      | $11.79        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TRY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TR        |          1 | NC      | $5168.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TRY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TR        |          1 | NC      | $72.01        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TRY/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TR        |          1 | NC      | $13.45        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TWD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $4.16         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED TWD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $4486.15      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TWD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $7.63         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TWD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $2.81         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TWD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $3.82         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED TWD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $657.07       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED TWD/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $321.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NOMURA INTERNATIONAL PLC                         | PURCHASED USD/ SOLD AUD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |          1 | NC      | $-41939.84    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD AUD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |          1 | NC      | $-416.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                               | PURCHASED USD/ SOLD AUD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | AU        |          1 | NC      | $-107908.26   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-23.30       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-21.89       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-72.37       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-15496.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                               | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-53408.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-25540.77    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-3680.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | PURCHASED USD/ SOLD BRL                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | BR        |          1 | NC      | $-89615.59    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CA        |          1 | NC      | $-30304.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CA        |          1 | NC      | $279.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CA        |          1 | NC      | $2750.86      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CA        |          1 | NC      | $-167.35      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CA        |          1 | NC      | $-5.65        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CAD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CA        |          1 | NC      | $19.68        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CHF                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CH        |          1 | NC      | $207.87       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CLP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CL        |          1 | NC      | $126.09       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | PURCHASED USD/ SOLD CLP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CL        |          1 | NC      | $2365.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CNH                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CN        |          1 | NC      | $-22.05       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CNH                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CN        |          1 | NC      | $-12.69       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CNH                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CN        |          1 | NC      | $-55.01       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED USD/ SOLD CNH                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CN        |          1 | NC      | $-12359.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-9579.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-8740.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $1256.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-3609.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                               | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $46590.81     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-3579.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-10205.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-14770.30    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $419.23       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $7591.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-9132.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-6350.26     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wells Fargo Bank N.A.                            | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-1458.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD COP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CO        |          1 | NC      | $-4069.54     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CZK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CZ        |          1 | NC      | $-2.42        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CZK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CZ        |          1 | NC      | $692.80       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CZK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CZ        |          1 | NC      | $-11.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD CZK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | CZ        |          1 | NC      | $414.52       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED USD/ SOLD EGP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $110.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED USD/ SOLD EGP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $-150.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED USD/ SOLD EGP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $0.53         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                      | PURCHASED USD/ SOLD EGP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | EG        |          1 | NC      | $2753.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $658.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | PURCHASED USD/ SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $4524.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | PURCHASED USD/ SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $4524.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | PURCHASED USD/ SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $4942.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $20.65        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | PURCHASED USD/ SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $4942.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD EUR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KY        |          1 | NC      | $26.43        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD GBP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | GB        |          1 | NC      | $120.68       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD HUF                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $20.86        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD HUF                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $-156932.06   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD HUF                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | HU        |          1 | NC      | $10.69        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD IDR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $1.63         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD IDR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $-41.54       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD IDR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $-1686.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD IDR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $-22.44       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED USD/ SOLD IDR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $-526.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD IDR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ID        |          1 | NC      | $15.46        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD ILS                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IL        |          1 | NC      | $52.77        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD ILS                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IL        |          1 | NC      | $19.67        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD ILS                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IL        |          1 | NC      | $348.67       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD ILS                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IL        |          1 | NC      | $3194.47      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD INR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IN        |          1 | NC      | $700.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD INR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | IN        |          1 | NC      | $14.68        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD JPY                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | JP        |          1 | NC      | $26.79        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD JPY                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | JP        |          1 | NC      | $205.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD JPY                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | JP        |          1 | NC      | $16.60        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD KRW                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $-31.41       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD KRW                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $-57.93       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                      | PURCHASED USD/ SOLD KRW                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $-1428.30     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD KRW                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KR        |          1 | NC      | $-3852.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED USD/ SOLD KZT                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | KZ        |          1 | NC      | $-10827.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD MXN                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MX        |          1 | NC      | $-22.62       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD MXN                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MX        |          1 | NC      | $-4.18        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                               | PURCHASED USD/ SOLD MYR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-1525.15     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | PURCHASED USD/ SOLD MYR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-96.57       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED USD/ SOLD MYR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-301.92      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED USD/ SOLD MYR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-21.74       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                          | PURCHASED USD/ SOLD MYR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-90570.45    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                          | PURCHASED USD/ SOLD MYR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-48252.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | PURCHASED USD/ SOLD MYR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | MY        |          1 | NC      | $-12153.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD NOK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NO        |          1 | NC      | $-189.37      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                             | PURCHASED USD/ SOLD NOK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NO        |          1 | NC      | $-775.86      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD NOK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NO        |          1 | NC      | $1.93         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD NOK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NO        |          1 | NC      | $23.61        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD NZD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | NZ        |          1 | NC      | $4.17         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD PEN                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PE        |          1 | NC      | $-411.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED USD/ SOLD PHP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $-7758.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                          | PURCHASED USD/ SOLD PHP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $-23403.78    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD PHP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $-82.52       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                 | PURCHASED USD/ SOLD PHP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $-15751.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED USD/ SOLD PHP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $-23114.64    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                         | PURCHASED USD/ SOLD PHP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $-22656.92    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | PURCHASED USD/ SOLD PHP                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PH        |          1 | NC      | $-22980.29    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD PLN                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PL        |          1 | NC      | $-16.95       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD PLN                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | PL        |          1 | NC      | $19.49        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD SEK                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SE        |          1 | NC      | $129.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC           | PURCHASED USD/ SOLD SGD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SG        |          1 | NC      | $1283.54      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD SGD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SG        |          1 | NC      | $-2.57        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD SGD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SG        |          1 | NC      | $-0.74        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                             | PURCHASED USD/ SOLD SGD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SG        |          1 | NC      | $1147.18      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED USD/ SOLD SGD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | SG        |          1 | NC      | $919.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD THB                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $-8968.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | PURCHASED USD/ SOLD THB                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $56.12        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD THB                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $-87.41       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD THB                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $2.97         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                      | PURCHASED USD/ SOLD THB                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $-1296.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD THB                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $-16.16       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD/ SOLD THB                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TH        |          1 | NC      | $-4828.93     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD TWD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $-18.15       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED USD/ SOLD TWD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $-1626.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD TWD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $-29.98       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED USD/ SOLD TWD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $-3164.33     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                    | PURCHASED USD/ SOLD TWD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $-993.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD TWD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $-38.41       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD TWD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | TW        |          1 | NC      | $-1061.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD/ SOLD ZAR                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ZA        |          1 | NC      | $-10.59       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED ZAR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ZA        |          1 | NC      | $332.66       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED ZAR/ SOLD USD                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DFE              | CORP              | ZA        |          1 | NC      | $10.63        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                              | QUALITYTECH LP TERM LOAN B                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      49625 | PA      | $49190.78     | 0.01%             | 2031-11-04      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC TL B 1L BANKDEBT           | QUIKRETE HOLDINGS INC 2025 TERM LOAN B                                                                                            | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |     265408 | PA      | $265137.48    | 0.05%             | 2032-01-30      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC 144A                       | QUIKRETE HOLDINGS INC SR SECURED 144A 03/32 6.375                                                                                 | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     250000 | PA      | $259860.58    | 0.05%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC 144A                       | QUIKRETE HOLDINGS INC SR UNSECURED 144A 03/33 6.75                                                                                | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     150000 | PA      | $155888.60    | 0.03%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| N/A                                              | RADIATE HOLDCO LLC 2025 DELAYED DRAW TERM LOAN                                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     117859 | PA      | $117564.26    | 0.02%             | 2029-06-26      | Floating      | 7.67%                 | No            |                  3 | On Loan: No      |
| RADIATE HOLDCO LLC PIK-TERM FIFO 1L USD BKDBTPIK | RADIATE HOLDCO LLC 2025 FLFO TERM LOAN                                                                                            | CUSIP: 75025KAM0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | LON              | CORP              | US        |     179798 | PA      | $155674.46    | 0.03%             | 2029-09-25      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| N/A                                              | RADIATE HOLDCO LLC 2025 TERM LOAN                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      39286 | PA      | $39188.08     | 0.01%             | 2029-06-26      | Floating      | 7.67%                 | No            |                  3 | On Loan: No      |
| RAIZEN FUELS FINANCE 144A                        | RAIZEN FUELS FINANCE COMPANY GUAR 144A 03/34 6.45                                                                                 | CUSIP: 75102XAB2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     540000 | PA      | $240547.97    | 0.04%             | 2034-03-05      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                             | RAIZEN FUELS FINANCE COMPANY GUAR REGS 07/32 6.25                                                                                 | CUSIP: 75102X9F5<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     400000 | PA      | $187969.16    | 0.03%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RANGE RESOURCES CORP 144A                        | RANGE RESOURCES CORP COMPANY GUAR 144A 02/30 4.75                                                                                 | CUSIP: 75281ABK4<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |      95000 | PA      | $94038.38     | 0.02%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REALT 2025-1A A1 144A                            | REAL ESTATE ASSET LIQUIDITY TR REALT 2025 1A A1 144A                                                                              | CUSIP: 75585RSS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |    1449795 | PA      | $1070556.01   | 0.19%             | 2060-01-12      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| REALT 2025-1A A2 144A                            | REAL ESTATE ASSET LIQUIDITY TR REALT 2025 1A A2 144A                                                                              | CUSIP: 75585RSU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | CA        |    1690000 | PA      | $1261283.53   | 0.23%             | 2060-01-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                               | REALTY INCOME CORP SR UNSECURED 04/35 5.125                                                                                       | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |     155000 | PA      | $159376.40    | 0.03%             | 2035-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                               | REGAL REXNORD CORP COMPANY GUAR 02/30 6.3                                                                                         | CUSIP: 758750AN3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     580000 | PA      | $619565.14    | 0.11%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                               | REGAL REXNORD CORP COMPANY GUAR 04/28 6.05                                                                                        | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |      40000 | PA      | $41477.35     | 0.01%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                          | REINSURANCE GRP OF AMER SR UNSECURED 09/33 6                                                                                      | CUSIP: 759351AR0<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |     243000 | PA      | $259768.00    | 0.05%             | 2033-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                            | REPUBLIC OF ARGENTINA SR UNSECURED 07/29 1                                                                                        | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     616000 | PA      | $543087.17    | 0.10%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                            | REPUBLIC OF ARGENTINA SR UNSECURED 07/35 VAR                                                                                      | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    1230000 | PA      | $925443.94    | 0.17%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| CHILE                                            | REPUBLIC OF CHILE SR UNSECURED 05/41 3.1                                                                                          | CUSIP: 168863DS4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |    1065000 | PA      | $840932.65    | 0.15%             | 2041-05-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| COLOMBIA                                         | REPUBLIC OF COLOMBIA SR UNSECURED 01/31 6.125                                                                                     | CUSIP: 195325EU5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     280000 | PA      | $279888.83    | 0.05%             | 2031-01-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| COLOMBIA                                         | REPUBLIC OF COLOMBIA SR UNSECURED 01/33 6.5                                                                                       | CUSIP: 195325EV3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     560000 | PA      | $556299.47    | 0.10%             | 2033-01-21      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COLOMBIA                                         | REPUBLIC OF COLOMBIA SR UNSECURED 11/36 7.75                                                                                      | CUSIP: 195325EP6<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    1555000 | PA      | $1619093.87   | 0.29%             | 2036-11-07      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR 144A                         | REPUBLIC OF ECUADOR SR UNSECURED 144A 01/34 8.75                                                                                  | CUSIP: 27927WAQ5<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     480000 | PA      | $483553.65    | 0.09%             | 2034-01-29      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MONTENEGRO 144A                                  | REPUBLIC OF MONTENEGRO SR UNSECURED 144A 03/31 7.25                                                                               | CUSIP: 857305AA4<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |    1345000 | PA      | $1441299.30   | 0.26%             | 2031-03-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MONTENEGRO                                       | REPUBLIC OF MONTENEGRO SR UNSECURED REGS 03/31 7.25                                                                               | CUSIP: 8573059A6<br>LEI: 747800V014106FYLL014 | Long             | DBT              | NUSS              | ME        |     480000 | PA      | $514367.04    | 0.09%             | 2031-03-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA 144A                       | REPUBLIC OF SRI LANKA SR UNSECURED 144A 05/36 VAR                                                                                 | CUSIP: TC253KFX5<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    1500000 | PA      | $1496527.26   | 0.27%             | 2036-05-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| N/A                                              | RESILIENCE PARENT LLC 2ND LIEN TERM LOAN                                                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    1085000 | PA      | $1074150.00   | 0.19%             | 2033-01-22      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| MACLEAN TL B 1L BANKDEBT                         | RESILIENCE PARENT LLC TERM LOAN B                                                                                                 | CUSIP: 75908HAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     245000 | PA      | $244387.50    | 0.04%             | 2033-01-22      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTO INC 4.625% 03/29 CB                  | RIVIAN AUTO INC SR UNSECURED 144A 03/29 4.625                                                                                     | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |      45000 | PA      | $49430.51     | 0.01%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RIVIAN HLD/AUTO LLC 144A                         | RIVIAN HLD/AUTO LLC SR SECURED 144A 01/31 10                                                                                      | CUSIP: 76954LAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     645000 | PA      | $610212.69    | 0.11%             | 2031-01-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ROMANIA 144A                                     | ROMANIA BONDS 144A 05/36 6.625                                                                                                    | CUSIP: 77586RAX8<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     828000 | PA      | $881187.98    | 0.16%             | 2036-05-16      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ROMANIA 144A                                     | ROMANIA SR UNSECURED 144A 06/33 5.375                                                                                             | CUSIP: TC3DTC4B7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     300000 | PA      | $367619.95    | 0.07%             | 2033-06-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| ROMANIA 144A                                     | ROMANIA SR UNSECURED 144A 07/36 5.75                                                                                              | CUSIP: 775921AA7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     260000 | PA      | $259387.53    | 0.05%             | 2036-07-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RRAM 2024-34RA A2AR 144A                         | RR LTD RRAM 2024 34RA A2AR 144A                                                                                                   | CUSIP: 74988WAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250007.75    | 0.04%             | 2039-10-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| SABRE TL B 1L BANKDEBT                           | SABRE GLBL INC 2024 TERM LOAN B1                                                                                                  | CUSIP: 78571YBK5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |     121099 | PA      | $83658.73     | 0.01%             | 2029-11-15      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC 144A                              | SABRE GLBL INC SR SECURED 144A 11/29 10.75                                                                                        | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |      10000 | PA      | $7382.53      | 0.00%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| SANDISK TL 1L BANKDEBT                           | SANDISK CORP TERM LOAN B                                                                                                          | CUSIP: 80004YAC7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      25480 | PA      | $25479.82     | 0.00%             | 2032-02-20      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| SBCLN 2023-B C 144A                              | SANTANDER BANK AUTO CREDIT LIN SBCLN 2023 B C 144A                                                                                | CUSIP: 80290CCC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     111009 | PA      | $112504.23    | 0.02%             | 2033-12-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| SBCLN 2024-A B 144A                              | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 A B 144A                                                                                | CUSIP: 80290CCJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     148223 | PA      | $150324.95    | 0.03%             | 2032-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SBCLN 2024-B B 144A                              | SANTANDER BANK AUTO CREDIT LIN SBCLN 2024 B B 144A                                                                                | CUSIP: 80280BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     408800 | PA      | $411748.12    | 0.07%             | 2033-01-18      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| SBCLN 2025-A B 144A                              | SANTANDER BANK AUTO CREDIT LIN SBCLN 2025 A B 144A                                                                                | CUSIP: 80290CCR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     250000 | PA      | $251433.25    | 0.04%             | 2034-01-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| SBCLN 2025-A C 144A                              | SANTANDER BANK AUTO CREDIT LIN SBCLN 2025 A C 144A                                                                                | CUSIP: 80290CCS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     250000 | PA      | $251587.15    | 0.05%             | 2034-01-16      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| SDART 2022-5 C                                   | SANTANDER DRIVE AUTO RECEIVABL SDART 2022 5 C                                                                                     | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       3246 | PA      | $3247.20      | 0.00%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| SDART 2022-6 C                                   | SANTANDER DRIVE AUTO RECEIVABL SDART 2022 6 C                                                                                     | CUSIP: 802918AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      15123 | PA      | $15147.62     | 0.00%             | 2028-11-15      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| SDART 2025-2 B                                   | SANTANDER DRIVE AUTO RECEIVABL SDART 2025 2 B                                                                                     | CUSIP: 80287NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     675000 | PA      | $683534.77    | 0.12%             | 2031-05-15      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| SDART 2025-2 C                                   | SANTANDER DRIVE AUTO RECEIVABL SDART 2025 2 C                                                                                     | CUSIP: 80287NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     675000 | PA      | $687397.05    | 0.12%             | 2031-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| SDART 2026-1 C                                   | SANTANDER DRIVE AUTO RECEIVABL SDART 2026 1 C                                                                                     | CUSIP: 80288FAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     700000 | PA      | $702424.52    | 0.13%             | 2032-04-15      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| SAN 2025-NQM2 A1 144A                            | SANTANDER MORTGAGE ASSET RECEI SAN 2025 NQM2 A1 144A                                                                              | CUSIP: 802638AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     525003 | PA      | $531266.27    | 0.10%             | 2065-02-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST 144A                             | SBA TOWER TRUST ASSET BACKED 144A 10/29 4.831                                                                                     | CUSIP: 78403DBD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     505000 | PA      | $512158.43    | 0.09%             | 2029-10-15      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| SBALT 2025-A A4 144A                             | SBNA AUTO LEASE TRUST SBALT 2025 A A4 144A                                                                                        | CUSIP: 78437KAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     705000 | PA      | $712462.43    | 0.13%             | 2029-07-20      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| SCFET 2024-1A D 144A                             | SCF EQUIPMENT TRUST LLC SCFET 2024 1A D 144A                                                                                      | CUSIP: 783896AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     125000 | PA      | $130898.63    | 0.02%             | 2033-06-21      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| SCUL 27A BRR 144A                                | SCULPTOR CLO LTD SCUL 27A BRR 144A                                                                                                | CUSIP: 81124UBN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     505000 | PA      | $505000.00    | 0.09%             | 2037-04-20      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| SDR 2024-DSNY B 144A                             | SDR COMMERCIAL MORTGAGE TRUST SDR 2024 DSNY B 144A                                                                                | CUSIP: 811304AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $100000.87    | 0.02%             | 2039-05-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| SEB4P 2021-1A A2 144A                            | SEB FUNDING LLC SEB4P 2021 1A A2 144A                                                                                             | CUSIP: 78433DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     793012 | PA      | $792714.33    | 0.14%             | 2052-01-30      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| SEB4P 2024-1A A2 144A                            | SEB FUNDING LLC SEB4P 2024 1A A2 144A                                                                                             | CUSIP: 78433DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     145000 | PA      | $149123.80    | 0.03%             | 2054-04-30      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| SSTRT 2025-A B 144A                              | SECURITIZED TERM AUTO RECEIVAB SSTRT 2025 A B 144A                                                                                | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |      37058 | PA      | $37451.12     | 0.01%             | 2031-07-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| SEMT 2019-5 B3 144A                              | SEQUOIA MORTGAGE TRUST SEMT 2019 5 B3 144A                                                                                        | CUSIP: 81743ACD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     397204 | PA      | $372156.97    | 0.07%             | 2049-12-25      | Variable      | 3.71%                 | No            |                  2 | On Loan: No      |
| SEMT 2024-HYB1 A1A 144A                          | SEQUOIA MORTGAGE TRUST SEMT 2024 HYB1 A1A 144A                                                                                    | CUSIP: 81749EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     198023 | PA      | $199724.92    | 0.04%             | 2063-11-25      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST 144A                    | SERVICE PROPERTIES TRUST SR SECURED 144A 09/28 0.00000                                                                            | CUSIP: 81761LAF9<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     180000 | PA      | $164254.01    | 0.03%             | 2027-09-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST 144A                    | SERVICE PROPERTIES TRUST SR SECURED 144A 11/31 8.625                                                                              | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     430000 | PA      | $452369.38    | 0.08%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SFAST 2024-1A B 144A                             | SFS AUTO RECEIVABLES SECURITIZ SFAST 2024 1A B 144A                                                                               | CUSIP: 78435VAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     170000 | PA      | $174468.65    | 0.03%             | 2031-01-21      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SFAST 2024-1A C 144A                             | SFS AUTO RECEIVABLES SECURITIZ SFAST 2024 1A C 144A                                                                               | CUSIP: 78435VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      15000 | PA      | $15478.24     | 0.00%             | 2032-01-20      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| SFAST 2025-1A C 144A                             | SFS AUTO RECEIVABLES SECURITIZ SFAST 2025 1A C 144A                                                                               | CUSIP: 81885BAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     385000 | PA      | $396382.10    | 0.07%             | 2032-10-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SHACK 2019-14A BRR 144A                          | SHACKLETON CLO LTD SHACK 2019 14A BRR 144A                                                                                        | CUSIP: 81880XAY8<br>LEI: 549300HOHPZON6E4VH77 | Long             | ABS-CBDO         | CORP              | KY        |    1010000 | PA      | $1010997.88   | 0.18%             | 2034-07-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                              | SHERWIN WILLIAMS CO SR UNSECURED 08/35 5.15                                                                                       | CUSIP: 824348BW5<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     170000 | PA      | $174688.70    | 0.03%             | 2035-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SRFC 2022-3A B 144A                              | SIERRA RECEIVABLES FUNDING CO SRFC 2022 3A B 144A                                                                                 | CUSIP: 826934AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      45627 | PA      | $46464.80     | 0.01%             | 2039-07-20      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| SPEAK 2018-5A BR 144A                            | SIGNAL PEAK CLO, LLC SPEAK 2018 5A BR 144A                                                                                        | CUSIP: 82666VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     250000 | PA      | $250237.00    | 0.04%             | 2037-04-25      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION TL B6 1L BANKDEBT            | SINCLAIR TELEVISION GROUP INC 2025 TERM LOAN B6                                                                                   | CUSIP: 829229AU7<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |     119398 | PA      | $101488.73    | 0.02%             | 2029-12-31      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC 144A                         | SIRIUS XM RADIO LLC COMPANY GUAR 144A 04/32 5.875                                                                                 | CUSIP: 82966BAA3<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     165000 | PA      | $164517.87    | 0.03%             | 2032-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN 144A                    | SIX FLAGS/CAN WON/MILLEN COMPANY GUAR 144A 01/32 8.625                                                                            | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     170000 | PA      | $171927.09    | 0.03%             | 2032-01-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC 144A                       | SM ENERGY CO COMPANY GUAR 144A 06/33 9.625                                                                                        | CUSIP: 17888HAD5<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     375000 | PA      | $414562.30    | 0.07%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC 144A                       | SM ENERGY CO COMPANY GUAR 144A 07/28 8.375                                                                                        | CUSIP: 17888HAA1<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     110000 | PA      | $113687.47    | 0.02%             | 2028-07-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE 144A                            | SOCIETE GENERALE 144A 01/34 VAR                                                                                                   | CUSIP: 83368RBS0<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     575000 | PA      | $631355.65    | 0.11%             | 2034-01-10      | Variable      | 6.69%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE 144A                            | SOCIETE GENERALE COMPANY GUAR 144A 04/29 VAR                                                                                      | CUSIP: 83368RCC4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     800000 | PA      | $820473.34    | 0.15%             | 2029-04-13      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                   | SOLVENTUM CORP SR UNSECURED 04/54 5.9                                                                                             | CUSIP: 83444MAS0<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |     434000 | PA      | $433906.72    | 0.08%             | 2054-04-30      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SONIC 2020-1A A2I 144A                           | SONIC CAPITAL LLC SONIC 2020 1A A2I 144A                                                                                          | CUSIP: 83546DAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     307125 | PA      | $304759.22    | 0.05%             | 2050-01-20      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SNDPT 2019-1A BRR 144A                           | SOUND POINT CLO LTD SNDPT 2019 1A BRR 144A                                                                                        | CUSIP: 83611KAY8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250246.50    | 0.04%             | 2032-01-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| SOUTH32 TREASURY USA 144A                        | SOUTH32 TREASURY LTD COMPANY GUAR 144A 04/32 4.35                                                                                 | CUSIP: 84055BAA1<br>LEI: 213800HFGZMXST64GP53 | Long             | DBT              | CORP              | AU        |    1221000 | PA      | $1204982.95   | 0.22%             | 2032-04-14      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                              | SOUTHERN CAL EDISON 1ST MORTGAGE 03/33 4.8                                                                                        | CUSIP: 842400JL8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     365000 | PA      | $366539.34    | 0.07%             | 2033-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                            | SOUTHERN CALIF GAS CO 1ST MORTGAGE 06/35 5.45                                                                                     | CUSIP: 842434DC3<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |     265000 | PA      | $278740.55    | 0.05%             | 2035-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO CVT 7.125000  A                      | SOUTHERN CO PREFERRED STOCK 12/28 7.125                                                                                           | CUSIP: 842587842<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EP               | CORP              | US        |       3250 | NS      | $173225.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| ISRAEL                                           | STATE OF ISRAEL SR UNSECURED 01/36 5                                                                                              | CUSIP: 46515CJZ8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     400000 | PA      | $398811.26    | 0.07%             | 2036-01-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                  | STATE OF ISRAEL SR UNSECURED 03/34 5.5                                                                                            | CUSIP: 46514BRL3<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     583000 | PA      | $606758.82    | 0.11%             | 2034-03-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SFUEL 2025-CA C 144A                             | STELLANTIS FINANCIAL UNDERWRIT SFUEL 2025 CA C 144A                                                                               | CUSIP: 85855EAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     815000 | PA      | $819647.95    | 0.15%             | 2030-08-20      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| N/A                                              | STRIPE INC SERIES A TC5JVPSH1                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     570000 | PA      | $570000.00    | 0.10%             | 2030-09-26      | Fixed         | 5.04%                 | No            |                  3 | On Loan: No      |
| SUNOCO LP 144A                                   | SUNOCO LP COMPANY GUAR 144A 05/32 7.25                                                                                            | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     140000 | PA      | $147876.13    | 0.03%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                                    | SUTTER HEALTH UNSECURED 08/32 5.213                                                                                               | CUSIP: 86944BAP8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |     125000 | PA      | $131147.88    | 0.02%             | 2032-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                                    | SUTTER HEALTH UNSECURED 08/35 5.537                                                                                               | CUSIP: 86944BAQ6<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |     390000 | PA      | $414403.35    | 0.07%             | 2035-08-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| SYMP 2015-16A ARR 144A                           | SYMPHONY CLO LTD SYMP 2015 16A ARR 144A                                                                                           | CUSIP: 87165VAX7<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | KY        |      47113 | PA      | $47111.07     | 0.01%             | 2031-10-15      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | SYNOPSYS INC SR UNSECURED 04/55 5.7                                                                                               | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |     400000 | PA      | $399729.16    | 0.07%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T MOBILE USA INC COMPANY GUAR 01/33 4.625                                                                                         | CUSIP: 87264ADW2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     820000 | PA      | $825330.14    | 0.15%             | 2033-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T MOBILE USA INC COMPANY GUAR 02/36 5                                                                                             | CUSIP: 87264ADZ5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     800000 | PA      | $804906.66    | 0.14%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRP INSTITUTIONAL FLOATING RATE FD-Z             | T ROWE PRICE INSTITUTIONAL FLO T ROWE PR INST FLTNG RT Z                                                                          | CUSIP: 77958B873<br>LEI: 863VOPTBPYYVTH00FU88 | Long             | EC               | RF                | US        |     273674 | NS      | $2523277.53   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund            | T. Rowe Price Government Reserve Fund                                                                                             | CUSIP: 000000000<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |    5897321 | NS      | $5897320.87   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY SUPPLY TL B 1L BANKDEBT             | TALEN ENERGY SUPPLY LLC 2024 INCREMENTAL TERM LOAN B                                                                              | CUSIP: 87422LAY6<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     192914 | PA      | $193251.12    | 0.03%             | 2031-12-15      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY TL B 1L BANKDEBT             | TALEN ENERGY SUPPLY LLC 2025 TERM LOAN B                                                                                          | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     194703 | PA      | $195043.67    | 0.03%             | 2032-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC 144A                     | TALEN ENERGY SUPPLY LLC COMPANY GUAR 144A 02/34 6.25                                                                              | CUSIP: 87422VAM0<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     270000 | PA      | $274727.22    | 0.05%             | 2034-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC 144A                     | TALEN ENERGY SUPPLY LLC COMPANY GUAR 144A 02/36 6.5                                                                               | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     270000 | PA      | $277566.47    | 0.05%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC 144A                     | TALEN ENERGY SUPPLY LLC SR SECURED 144A 06/30 8.625                                                                               | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |     275000 | PA      | $289428.42    | 0.05%             | 2030-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC TL B 1L USD BANKDEBT     | TALEN ENERGY SUPPLY, LLC 2023 TERM LOAN B                                                                                         | CUSIP: 87422LAV2<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |     431627 | PA      | $432550.85    | 0.08%             | 2030-05-17      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN 144A                     | TALLGRASS NRG PRTNR/FIN SR UNSECURED 144A 02/29 7.375                                                                             | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     140000 | PA      | $145138.46    | 0.03%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | TARGA RESOURCES CORP COMPANY GUAR 08/35 5.55                                                                                      | CUSIP: 87612GAM3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    1220000 | PA      | $1264377.90   | 0.23%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                         | TARGA RESOURCES PARTNERS COMPANY GUAR 03/30 5.5                                                                                   | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      42000 | PA      | $42730.35     | 0.01%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                            | TENET HEALTHCARE CORP SR UNSECURED 11/31 6.875                                                                                    | CUSIP: 88033GAV2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     125000 | PA      | $136504.59    | 0.02%             | 2031-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP 144A                       | TENET HEALTHCARE CORP SR UNSECURED 144A 11/33 6                                                                                   | CUSIP: 88033GDV9<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      60000 | PA      | $62034.63     | 0.01%             | 2033-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| THAIOIL TRSRY CENTER 144A                        | THAIOIL TRSRY CENTER COMPANY GUAR 144A 12/99 VAR                                                                                  | CUSIP: 88323RAC9<br>LEI: 549300NH03B9E8VGJR89 | Long             | DBT              | CORP              | TH        |     200000 | PA      | $201032.96    | 0.04%             | 2174-10-15      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| HACLN 2024-1 B1 144A                             | THE HUNTINGTON NATIONAL BANK HACLN 2024 1 B1 144A                                                                                 | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      99289 | PA      | $100976.00    | 0.02%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HACLN 2024-2 B1 144A                             | THE HUNTINGTON NATIONAL BANK HACLN 2024 2 B1 144A                                                                                 | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     126672 | PA      | $128084.59    | 0.02%             | 2032-10-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| HACLN 2025-1 B1 144A                             | THE HUNTINGTON NATIONAL BANK HACLN 2025 1 B 144A                                                                                  | CUSIP: 446438SX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     650898 | PA      | $656283.12    | 0.12%             | 2033-03-21      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| TK ELEVATOR TL B 1L BANKDEBT                     | TK ELEVATOR MIDCO GMBH 2025 USD TERM LOAN B                                                                                       | CUSIP: 8869969C3<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | DE        |     464843 | PA      | $464633.97    | 0.08%             | 2030-04-30      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                              | TK ELEVATOR MIDCO GMBH 2026 USD TERM LOAN B                                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | DE        |     100000 | PA      | $100000.00    | 0.02%             | 2030-04-30      | Floating      | 0.00%                 | No            |                  3 | On Loan: No      |
| TKO GROUP TL B5 1L BANKDEBT                      | TKO WORLDWIDE HOLDINGS LLC. 2025 TERM LOAN                                                                                        | CUSIP: 90266UAL7<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |     426967 | PA      | $427056.94    | 0.08%             | 2031-11-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                            | TORONTO DOMINION BANK SR UNSECURED 10/35 4.928                                                                                    | CUSIP: 89115KAJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     320000 | PA      | $322762.98    | 0.06%             | 2035-10-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| TPMT 2024-2 A1B 144A                             | TOWD POINT MORTGAGE TRUST TPMT 2024 2 A1B 144A                                                                                    | CUSIP: 89183AAQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     255380 | PA      | $260691.21    | 0.05%             | 2064-12-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| TPMT 2024-3 A1B 144A                             | TOWD POINT MORTGAGE TRUST TPMT 2024 3 A1B 144A                                                                                    | CUSIP: 89183FAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      72464 | PA      | $73504.53     | 0.01%             | 2065-07-25      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| TPMT 2024-5 A1B 144A                             | TOWD POINT MORTGAGE TRUST TPMT 2024 5 A1B 144A                                                                                    | CUSIP: 891944AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1153995 | PA      | $1170100.35   | 0.21%             | 2064-10-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| TPMT 2025-1 A1A 144A                             | TOWD POINT MORTGAGE TRUST TPMT 2025 1 A1A 144A                                                                                    | CUSIP: 89190KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     492384 | PA      | $502218.56    | 0.09%             | 2065-06-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| TPMT 2025-1 A1B 144A                             | TOWD POINT MORTGAGE TRUST TPMT 2025 1 A1B 144A                                                                                    | CUSIP: 89190KAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     248410 | PA      | $251838.06    | 0.05%             | 2065-06-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| TPMT 2026-1 A1A 144A                             | TOWD POINT MORTGAGE TRUST TPMT 2026 1 A1A 144A                                                                                    | CUSIP: 891959AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     520000 | PA      | $524974.16    | 0.09%             | 2066-01-25      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| TOWNSQUARE TL B 1L BANKDEBT                      | TOWNSQUARE MEDIA INC 2025 TERM LOAN                                                                                               | CUSIP: 89223EAG8<br>LEI: 549300XBA8C68H0DR538 | Long             | LON              | CORP              | US        |     161880 | PA      | $119791.56    | 0.02%             | 2030-02-19      | Floating      | 8.59%                 | No            |                  2 | On Loan: No      |
| TLOT 2025-A A4 144A                              | TOYOTA LEASE OWNER TRUST TLOT 2025 A A4 144A                                                                                      | CUSIP: 89239NAE5<br>LEI: 254900299R9KF5UH9O95 | Long             | ABS-O            | CORP              | US        |     610000 | PA      | $618488.88    | 0.11%             | 2029-06-20      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| N/A                                              | TPIC ROLLUP SR TERM NTS TC3PCVF81                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      21018 | PA      | $21018.19     | 0.00%             | 2026-12-06      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| TPIC SPV I LLC 2024-1 A1 PP                      | TPIC SPV LLC TPIC 2024 1A A 144A                                                                                                  | CUSIP: 872660AA3<br>LEI: 98450079E44D2D1B6432 | Long             | ABS-O            | CORP              | US        |     257368 | PA      | $229142.85    | 0.04%             | 2044-11-30      | Fixed         | 7.13%                 | Yes           |                  3 | On Loan: No      |
| TRANSDIGM TL M 1L BANKDEBT                       | TRANSDIGM INC 2025 TERM LOAN M                                                                                                    | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     249375 | PA      | $249230.36    | 0.04%             | 2032-08-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC TL N 1L BANKDEBT                   | TRANSDIGM INC 2026 TERM LOAN N                                                                                                    | CUSIP: 89364MCG7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |      85000 | PA      | $85064.60     | 0.02%             | 2033-02-10      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC 144A                               | TRANSDIGM INC COMPANY GUAR 144A 07/34 6.125                                                                                       | CUSIP: 893647CB1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     170000 | PA      | $172683.38    | 0.03%             | 2034-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC 144A                               | TRANSDIGM INC SR SECURED 144A 12/31 7.125                                                                                         | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     370000 | PA      | $387769.55    | 0.07%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC 144A                               | TRANSDIGM INC SR SUBORDINA 144A 01/34 6.75                                                                                        | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     155000 | PA      | $160921.44    | 0.03%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD 144A                       | TRANSOCEAN AQUILA LTD SR SECURED 144A 09/28 8                                                                                     | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      61462 | PA      | $63019.22     | 0.01%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC 144A                              | TRANSOCEAN INTERNTNL LTD COMPANY GUAR 144A 05/29 8.25                                                                             | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |      85000 | PA      | $88485.17     | 0.02%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC 144A                              | TRANSOCEAN INTERNTNL LTD SR SECURED 144A 02/30 8.75                                                                               | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     194600 | PA      | $203464.90    | 0.04%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC 144A                              | TRANSOCEAN INTERNTNL LTD SR SECURED 144A 10/32 7.875                                                                              | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |      50000 | PA      | $53621.60     | 0.01%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GRS - SECURITY LENDING COLLATERAL                | TREASURY RESERVE FUND - Collateral                                                                                                | CUSIP: 76105YYY9<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        |    3372802 | NS      | $3372801.75   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| TAH 2019-SFR1 D 144A                             | TRICON AMERICAN HOMES TAH 2019 SFR1 D 144A                                                                                        | CUSIP: 89612LAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $99760.07     | 0.02%             | 2038-03-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| TCN 2021-SFR1 A 144A                             | TRICON RESIDENTIAL TCN 2021 SFR1 A 144A                                                                                           | CUSIP: 89614YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     751166 | PA      | $743659.98    | 0.13%             | 2038-07-17      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| TCN 2024-SFR2 A 144A                             | TRICON RESIDENTIAL TCN 2024 SFR2 A 144A                                                                                           | CUSIP: 89616VAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      99684 | PA      | $100127.98    | 0.02%             | 2040-06-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TCN 2024-SFR2 D 144A                             | TRICON RESIDENTIAL TCN 2024 SFR2 D 144A                                                                                           | CUSIP: 89616VAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     155000 | PA      | $156870.43    | 0.03%             | 2040-06-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRNTS 2017-7A A1R2 144A                          | TRINITAS CLO LTD TRNTS 2017 7A A1R2 144A                                                                                          | CUSIP: 89641CAU5<br>LEI: 549300F3XEPDOX3FOP69 | Long             | ABS-CBDO         | CORP              | KY        |    1000000 | PA      | $998301.00    | 0.18%             | 2035-01-25      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| TRUIST INSURANCE TL B 1L BANKDEBT                | TRUIST INSURANCE HOLDINGS LLC 2024 TERM LOAN B                                                                                    | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     149355 | PA      | $146330.40    | 0.03%             | 2031-05-06      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| TRUIST INSURANCE HOLDING TL 2L BANKDEBT          | TRUIST INSURANCE HOLDINGS LLC 2ND LIEN TERM LOAN                                                                                  | CUSIP: 89788VAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     534737 | PA      | $529833.30    | 0.09%             | 2032-05-06      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| USCLN 2023-1 B 144A                              | U.S. BANK NATIONAL ASSOCIATION USCLN 2023 1 B 144A                                                                                | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      43944 | PA      | $44379.25     | 0.01%             | 2032-08-25      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| UKG INC TL B 1L USD BANKDEBT                     | UKG  INC, 2024 TERM LOAN B                                                                                                        | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |     278700 | PA      | $263232.36    | 0.05%             | 2031-02-10      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| UKG INC 144A                                     | UKG INC SR SECURED 144A 02/31 6.875                                                                                               | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |     160000 | PA      | $155263.01    | 0.03%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                            | UNITED MEXICAN STATES SR UNSECURED 02/38 6.125                                                                                    | CUSIP: 91087BBR0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     530000 | PA      | $537237.35    | 0.10%             | 2038-02-09      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                           | UNITEDHEALTH GROUP INC SR UNSECURED 06/35 5.3                                                                                     | CUSIP: 91324PFQ0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     265000 | PA      | $276362.97    | 0.05%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| UNITEDHEALTH GROUP INC                           | UNITEDHEALTH GROUP INC SR UNSECURED 06/55 5.95                                                                                    | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     150000 | PA      | $155320.61    | 0.03%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS 144A                    | UNIVISION COMMUNICATIONS SR SECURED 144A 07/31 8.5                                                                                | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     115000 | PA      | $118163.18    | 0.02%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS 144A                    | UNIVISION COMMUNICATIONS SR SECURED 144A 08/32 9.375                                                                              | CUSIP: 914906BA9<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     120000 | PA      | $126865.47    | 0.02%             | 2032-08-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| N/A                                              | US 10YR NOTE (CBT)JUN26 XCBT 20260618                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |          7 | NC      | $3435.38      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | US 10YR ULTRA FUT JUN26 XCBT 20260618                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |         31 | NC      | $19330.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | US 2YR NOTE (CBT) JUN26 XCBT 20260630                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |        272 | NC      | $63364.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | US 5YR NOTE (CBT) JUN26 XCBT 20260630                                                                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              | CORP              | US        |         68 | NC      | $28572.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 01/32 4.375                                                                                                       | CUSIP: 91282CMK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10905000 | PA      | $11336940.29  | 2.03%             | 2032-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/30 4                                                                                                           | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4115000 | PA      | $4196657.03   | 0.75%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/32 4.125                                                                                                       | CUSIP: 91282CMR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10890000 | PA      | $11175862.50  | 2.00%             | 2032-02-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/33 3.5                                                                                                         | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     340000 | PA      | $335325.00    | 0.06%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/34 4                                                                                                           | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2110000 | PA      | $2137693.75   | 0.38%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/42 2.375                                                                                                       | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2385000 | PA      | $1813717.97   | 0.32%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/43 3.875                                                                                                       | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     115000 | PA      | $106554.69    | 0.02%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/44 4.5                                                                                                         | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     340000 | PA      | $338990.63    | 0.06%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/45 4.75                                                                                                        | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9910000 | PA      | $10159298.44  | 1.82%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/53 3.625                                                                                                       | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      30000 | PA      | $25185.94     | 0.00%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/54 4.25                                                                                                        | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     590000 | PA      | $552664.06    | 0.10%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 02/55 4.625                                                                                                       | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10195000 | PA      | $10169512.50  | 1.82%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 03/30 4                                                                                                           | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4185000 | PA      | $4269026.97   | 0.76%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 03/32 4.125                                                                                                       | CUSIP: 91282CMT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1260000 | PA      | $1293075.00   | 0.23%             | 2032-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/30 4                                                                                                           | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4280000 | PA      | $4367271.90   | 0.78%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/35 4.25                                                                                                        | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2850000 | PA      | $2923031.25   | 0.52%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/40 1.125                                                                                                       | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     395000 | PA      | $259280.47    | 0.05%             | 2040-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/42 3.25                                                                                                        | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     130000 | PA      | $111759.38    | 0.02%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/43 3.875                                                                                                       | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2020000 | PA      | $1867237.50   | 0.33%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/45 5                                                                                                           | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2185000 | PA      | $2309954.69   | 0.41%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/53 3.625                                                                                                       | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     640000 | PA      | $537000.00    | 0.10%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/54 4.625                                                                                                       | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     425000 | PA      | $423671.88    | 0.08%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 05/55 4.75                                                                                                        | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1795000 | PA      | $1826973.44   | 0.33%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 06/28 4                                                                                                           | CUSIP: 91282CHK0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4765000 | PA      | $4830891.04   | 0.86%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 07/31 4.125                                                                                                       | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1110000 | PA      | $1140178.13   | 0.20%             | 2031-07-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/30 4.125                                                                                                       | CUSIP: 91282CHW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1130000 | PA      | $1158956.25   | 0.21%             | 2030-08-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/31 3.75                                                                                                        | CUSIP: 91282CLJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4490000 | PA      | $4526481.25   | 0.81%             | 2031-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/41 1.75                                                                                                        | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     190000 | PA      | $132673.44    | 0.02%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/43 4.375                                                                                                       | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2995000 | PA      | $2946331.25   | 0.53%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/44 4.125                                                                                                       | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   17635000 | PA      | $16700896.09  | 2.99%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/51 2                                                                                                           | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1420000 | PA      | $849337.50    | 0.15%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/53 4.125                                                                                                       | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2505000 | PA      | $2298337.50   | 0.41%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 08/54 4.25                                                                                                        | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   14490000 | PA      | $13577582.81  | 2.43%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 10/30 4.875                                                                                                       | CUSIP: 91282CJG7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3340000 | PA      | $3534659.38   | 0.63%             | 2030-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 11/34 4.25                                                                                                        | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5525000 | PA      | $5676937.50   | 1.02%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 11/40 1.375                                                                                                       | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4475000 | PA      | $3005242.19   | 0.54%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 11/42 4                                                                                                           | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     155000 | PA      | $146232.81    | 0.03%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 11/43 4.75                                                                                                        | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     655000 | PA      | $674342.97    | 0.12%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 11/44 4.625                                                                                                       | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    8465000 | PA      | $8545682.03   | 1.53%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 11/52 4                                                                                                           | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     280000 | PA      | $251606.25    | 0.05%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 12/30 3.75                                                                                                        | CUSIP: 91282CJQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   11020000 | PA      | $11130200.00  | 1.99%             | 2030-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                  | US TREASURY N/B 12/31 4.5                                                                                                         | CUSIP: 91282CMC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    7475000 | PA      | $7820718.75   | 1.40%             | 2031-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                              | VACA MUERTA SUR FRN PP TC5CMVY86                                                                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     280000 | PA      | $280252.00    | 0.05%             | 2030-07-08      | Fixed         | 9.34%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC 144A                      | VENTURE GLOBAL LNG INC JR SUBORDINA 144A 12/99 VAR                                                                                | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     640000 | PA      | $559516.04    | 0.10%             | 2174-03-30      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC 144A                      | VENTURE GLOBAL LNG INC SR SECURED 144A 02/29 9.5                                                                                  | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     245000 | PA      | $262781.45    | 0.05%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE 144A                       | VENTURE GLOBAL PLAQUE SR SECURED 144A 01/34 6.5                                                                                   | CUSIP: 922966AC0<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     135000 | PA      | $142076.23    | 0.03%             | 2034-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE 144A                       | VENTURE GLOBAL PLAQUE SR SECURED 144A 05/33 7.5                                                                                   | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     150000 | PA      | $166456.54    | 0.03%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE 144A                       | VENTURE GLOBAL PLAQUE SR SECURED 144A 05/35 7.75                                                                                  | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     350000 | PA      | $397185.17    | 0.07%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE 144A                       | VENTURE GLOBAL PLAQUE SR SECURED 144A 12/30 6.125                                                                                 | CUSIP: 922966AE6<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      90000 | PA      | $93476.66     | 0.02%             | 2030-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| VEON HOLDINGS BV                                 | VEON MIDCO BV COMPANY GUAR REGS 11/27 3.375                                                                                       | CUSIP: TC5QQ6AG4<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |     610000 | PA      | $585268.45    | 0.10%             | 2027-11-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VERD 2023-1A A2 144A                             | VERDANT RECEIVABLES LLC VERD 2023 1A A2 144A                                                                                      | CUSIP: 92339GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      72877 | PA      | $74082.87     | 0.01%             | 2031-01-13      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| VERD 2024-1A A2 144A                             | VERDANT RECEIVABLES LLC VERD 2024 1A A2 144A                                                                                      | CUSIP: 92339MAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      63560 | PA      | $64586.23     | 0.01%             | 2031-12-12      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| VZMT 2024-6 C                                    | VERIZON MASTER TRUST VZMT 2024 6 C                                                                                                | CUSIP: 92348KDH3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |     665000 | PA      | $669476.65    | 0.12%             | 2030-08-20      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| VZMT 2025-3 C                                    | VERIZON MASTER TRUST VZMT 2025 3 C                                                                                                | CUSIP: 92348KEB5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    1500000 | PA      | $1511061.00   | 0.27%             | 2030-03-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VERTIV HOLDINGS CO                               | VERTIV HOLDINGS CO SR UNSECURED 03/56 5.8                                                                                         | CUSIP: 92537NAC2<br>LEI: 549300KTTIRAOGXCRV69 | Long             | DBT              | CORP              | US        |      60000 | PA      | $60067.15     | 0.01%             | 2056-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| VERUS 2021-R3  A1 144A                           | VERUS SECURITIZATION TRUST VERUS 2021 R3 A1 144A                                                                                  | CUSIP: 92538EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      22034 | PA      | $21175.34     | 0.00%             | 2064-04-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| VERUS 2025-2 A1 144A                             | VERUS SECURITIZATION TRUST VERUS 2025 2 A1 144A                                                                                   | CUSIP: 92540VAA3<br>LEI: 213800TTP1CNX4WER720 | Long             | ABS-MBS          | CORP              | US        |     535872 | PA      | $540191.94    | 0.10%             | 2070-03-25      | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| VERUS 2025-INV1 A3 144A                          | VERUS SECURITIZATION TRUST VERUS 2025 INV1 A3 144A                                                                                | CUSIP: 924929AE2<br>LEI: 213800YO7QOQOFRSRN78 | Long             | ABS-MBS          | CORP              | US        |     239927 | PA      | $242291.74    | 0.04%             | 2070-02-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| VIASAT INC 144A                                  | VIASAT INC SR UNSECURED 144A 05/31 7.5                                                                                            | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     105000 | PA      | $103697.13    | 0.02%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VIASAT TL B 1L BANKDEBT                          | VIASAT INC TERM LOAN                                                                                                              | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |     163308 | PA      | $163288.08    | 0.03%             | 2029-03-02      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| VSTA 2020-1 B1 144A                              | VISTA POINT SECURITIZATION TRU VSTA 2020 1 B1 144A                                                                                | CUSIP: 92838WAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     580000 | PA      | $582986.65    | 0.10%             | 2065-03-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| VSTA 2020-2 A1 144A                              | VISTA POINT SECURITIZATION TRU VSTA 2020 2 A1 144A                                                                                | CUSIP: 92838TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8756 | PA      | $8536.99      | 0.00%             | 2065-04-25      | Variable      | 1.48%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP 144A                                 | VISTRA CORP JR SUBORDINA 144A 12/99 VAR                                                                                           | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    1520000 | PA      | $1675448.32   | 0.30%             | 2174-07-15      | Variable      | 8.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP 144A                                 | VISTRA CORP JR SUBORDINA 144A VAR                                                                                                 | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |     154000 | PA      | $156716.03    | 0.03%             | 2174-04-15      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC 144A                    | VISTRA OPERATIONS CO LLC SR SECURED 144A 10/33 6.95                                                                               | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     490000 | PA      | $549523.24    | 0.10%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC 144A                    | VISTRA OPERATIONS CO LLC SR SECURED 144A 12/34 5.7                                                                                | CUSIP: 92840VAU6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |      16000 | PA      | $16586.57     | 0.00%             | 2034-12-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VNDO 2016-350P D 144A                            | VNO MORTGAGE TRUST VNDO 2016 350P D 144A                                                                                          | CUSIP: 91831UAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     105000 | PA      | $103881.20    | 0.02%             | 2035-01-10      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC 144A                          | VOYAGER PARENT LLC SR SECURED 144A 07/32 9.25                                                                                     | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |     225000 | PA      | $240209.71    | 0.04%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CALIBER COLLISION TL B 1L BANKDEBT               | WAND NEWCO 3 INC 2025 REPRICED TERM LOAN B                                                                                        | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |     278789 | PA      | $277007.42    | 0.05%             | 2031-01-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| WAND NEWCO 3 INC 144A                            | WAND NEWCO 3 INC SR SECURED 144A 01/32 7.625                                                                                      | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |     140000 | PA      | $145960.92    | 0.03%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| WB 2024-HQ A 144A                                | WB COMMERCIAL MORTGAGE TRUST WB 2024 HQ A 144A                                                                                    | CUSIP: 92943PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $99972.19     | 0.02%             | 2040-03-15      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | WELLS FARGO + COMPANY SR UNSECURED 02/31 VAR                                                                                      | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     115000 | PA      | $108228.87    | 0.02%             | 2031-02-11      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | WELLS FARGO + COMPANY SR UNSECURED 10/34 VAR                                                                                      | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     410000 | PA      | $455208.65    | 0.08%             | 2034-10-23      | Variable      | 6.49%                 | No            |                  2 | On Loan: No      |
| WFLF 2025-1A A1 144A                             | WHEELS FLEET LEASE FUNDING LLC WFLF 2025 1A A1 144A                                                                               | CUSIP: 96328GCE5<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |     730772 | PA      | $738247.93    | 0.13%             | 2040-01-18      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WFLF 2025-1A C 144A                              | WHEELS FLEET LEASE FUNDING LLC WFLF 2025 1A C 144A                                                                                | CUSIP: 96328GCH8<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |     840000 | PA      | $855679.86    | 0.15%             | 2040-01-18      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| WEF 2025-1A A2 144A                              | WINGSPIRE EQUIPMENT FINANCE LL WEF 2025 1A A2 144A                                                                                | CUSIP: 97415CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100448.40    | 0.02%             | 2033-09-20      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| WEF 2025-1A C 144A                               | WINGSPIRE EQUIPMENT FINANCE LL WEF 2025 1A C 144A                                                                                 | CUSIP: 97415CAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100562.70    | 0.02%             | 2033-09-20      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC 144A                               | WOLFSPEED INC SR SECURED 144A 06/30 VAR                                                                                           | CUSIP: 977852AK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     119486 | PA      | $127834.30    | 0.02%             | 2030-06-23      | Variable      | 13.88%                | No            |                  2 | On Loan: No      |
| RCKT 2024-CES8 A1A 144A                          | WOODWARD CAPITAL MANAGEMENT RCKT 2024 CES8 A1A 144A                                                                               | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     152069 | PA      | $153161.42    | 0.03%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| RCKT 2025-CES3 A1A 144A                          | WOODWARD CAPITAL MANAGEMENT RCKT 2025 CES3 A1A 144A                                                                               | CUSIP: 749420AA3<br>LEI: 254900HS4CN69R7ARQ97 | Long             | ABS-O            | CORP              | US        |    1075898 | PA      | $1086609.57   | 0.19%             | 2055-03-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC 144A                            | WULF COMPUTE LLC SR SECURED 144A 10/30 7.75                                                                                       | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     370000 | PA      | $391756.26    | 0.07%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| X.AI LLC TL 1L BANKDEBT                          | X AI CORP FIXED TERM LOAN                                                                                                         | CUSIP: 98402XAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      52019 | PA      | $58900.53     | 0.01%             | 2030-06-28      | Floating      | 12.50%                | No            |                  2 | On Loan: No      |
| X/TWITTER TL 1L BANKDEBT                         | X CORP 2025 FIXED TERM LOAN                                                                                                       | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     275000 | PA      | $288337.50    | 0.05%             | 2029-10-26      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| X/TWITTER TL B1 1L BANKDEBT                      | X CORP TERM LOAN                                                                                                                  | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     339126 | PA      | $339831.34    | 0.06%             | 2029-10-26      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| X.AI LLC/X.AI CO ISSUER 144A                     | X.AI LLC/X.AI CO ISSUER SR SECURED 144A 06/30 12.5                                                                                | CUSIP: 983984AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     100000 | PA      | $113893.43    | 0.02%             | 2030-06-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| XPLR INFRAST OPERATING 144A                      | XPLR INFRAST OPERATING COMPANY GUAR 144A 04/34 7.75                                                                               | CUSIP: 98379YAA0<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     400000 | PA      | $414593.13    | 0.07%             | 2034-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                  | YUM  BRANDS INC SR UNSECURED 04/32 5.375                                                                                          | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |     100000 | PA      | $101633.71    | 0.02%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ZAXBY 2021-1A A2 144A                            | ZAXBY S FUNDING LLC ZAXBY 2021 1A A2 144A                                                                                         | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1241500 | PA      | $1190574.42   | 0.21%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-06

**Name of Applicant:** T. Rowe Price Exchange-Traded Funds, Inc.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President