# EDGAR Filing Document

**Accession Number:** 0000906185
**File Stem:** 0001193125-25-301784
**Filing Date:** 2025-11
**Character Count:** 520538
**Document Hash:** 4414ec86065e3ba4ec71cf996826cc9d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-301784.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001193125-25-301784

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JANUS ASPEN SERIES
- **CENTRAL INDEX KEY:** 0000906185

**ORGANIZATION NAME:**
- **EIN:** 841235540
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07736
- **FILM NUMBER:** 251534193

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 3033333863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

## Series and Classes Contracts Data

### Janus Henderson Balanced Portfolio (Series ID: S000010394)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000028716 | Service Shares       |  |
| C000028717 | Institutional Shares | JABLX           |

## Nport-Ex

**Janus Henderson VIT Balanced Portfolio**

**Schedule of Investments (unaudited)**

**September 30, 2025**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | *Shares or* <br>*Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – 11.4% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 208 Park Avenue Mortgage Trust 2017-280P, CME Term SOFR 1 Month + <br> 1.1800%, 5.3980%, 9/15/34<sup>ž,</sup><sup>‡</sup> <br>| $3072117 | $3046691 |
| &nbsp;&nbsp;&nbsp; A&D Mortgage Trust 2024-NQM5 A1, 5.6990%, 11/25/69<sup>ž</sup> <br>| &nbsp;&nbsp; 2972234 | &nbsp;&nbsp; 2987299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AGL CLO 1 Ltd 2023-26A A1R, CME Term SOFR 3 Month + 1.2800%, <br> 5.5550%, 10/21/38<sup>ž,</sup><sup>‡</sup> <br>| 13400000 | 13449703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALA Trust 2025-OANA A, CME Term SOFR 1 Month + 1.7426%, 5.8936%, <br> 6/15/40<sup>ž,</sup><sup>‡</sup> <br>| 13839000 | 13889160 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2019-5, 2.5930%, 10/25/49<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 128624 | &nbsp;&nbsp;&nbsp;&nbsp; 126945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2019-6, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 0.9500%, 2.6200%, 11/25/59<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 405547 | &nbsp;&nbsp;&nbsp;&nbsp; 399069 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2020-3, Refinitiv USD IBOR Consumer Cash <br> Fallbacks 1 Year + 1.0000%, 2.4100%, 4/25/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 446008 | &nbsp;&nbsp;&nbsp;&nbsp; 430032 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2024-5 A1, 4.9500%, 7/25/68<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 7899114 | &nbsp;&nbsp; 7846645 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust I LLC 2025-6 A1, 5.5150%, 4/25/70<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 5983385 | &nbsp;&nbsp; 6033043 |
| &nbsp;&nbsp;&nbsp; Aqua Finance Trust 2021-A A, 1.5400%, 7/17/46<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 579265 | &nbsp;&nbsp;&nbsp;&nbsp; 535164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ARES CLO Ltd 2019-53A A1R, CME Term SOFR 3 Month + 1.2800%, 5.5987%, <br> 10/24/36<sup>ž,</sup><sup>‡</sup> <br>| 10419000 | 10435418 |
| &nbsp;&nbsp;&nbsp; Arivo Acceptance Auto Loan Receivables 2022-1A A, 3.9300%, 5/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28864 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Babson CLO Ltd LP-5A A, CME Term SOFR 3 Month + 1.2200%, 5.5455%, <br> 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8736327 | &nbsp;&nbsp; 8759615 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd 2023-3A A1R, CME Term SOFR 3 Month + <br> 1.3100%, 5.5135%, 10/25/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7772000 | &nbsp;&nbsp; 7797495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ballyrock Ltd 2020-14A A1BR, CME Term SOFR 3 Month + 1.5800%, 5.9055%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1845969 | &nbsp;&nbsp; 1853207 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR2 E, 1.2731%, <br> 7/27/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2374000 | &nbsp;&nbsp; 2007712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR3 E, 0.4898%, <br> 1/27/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3322516 | &nbsp;&nbsp; 2973451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR4 E, 1.1153%, <br> 11/27/48<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 760000 | &nbsp;&nbsp;&nbsp;&nbsp; 742290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BAMLL Commercial Mortgage Securities Trust 2024-FRR4 F, 1.0466%, <br> 11/27/48<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1497000 | &nbsp;&nbsp; 1457526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2021-5 AF, US 30 Day Average SOFR + <br> 0.8500%, 5.0000%, 11/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3789298 | &nbsp;&nbsp; 3524838 |
| &nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund 2022-2 A1, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2968269 | &nbsp;&nbsp; 2566187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bayview Opportunity Master Fund VII 2025-EDU1 B, US 30 Day Average SOFR + <br> 1.7000%, 6.0333%, 7/27/48<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2250000 | &nbsp;&nbsp; 2250000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd 2018-15A A1R, CME Term SOFR 3 Month + <br> 1.3900%, 5.7076%, 7/15/37<sup>ž,</sup><sup>‡</sup> <br>| 12565000 | 12602480 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Benefit Street Partners CLO Ltd 2025-43A A, CME Term SOFR 3 Month + <br> 1.2700%, 5.1875%, 10/20/38<sup>ž,</sup><sup>‡</sup> <br>| 10806000 | 10838418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust 2025-IND A, CME Term SOFR 1 Month + <br> 1.2000%, 5.3502%, 3/17/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8829000 | &nbsp;&nbsp; 8801052 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2023-BRK2 A, 7.1465%, 10/5/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7145000 | &nbsp;&nbsp; 7514345 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2024-PMDW A, 5.3580%, 11/5/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9912470 | 10085175 |
| &nbsp;&nbsp;&nbsp; BPR Trust 2024-PMDW D, 5.8500%, 11/5/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3827000 | &nbsp;&nbsp; 3763504 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2019-OC11, 3.6050%, 12/9/41<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 804000 | &nbsp;&nbsp;&nbsp;&nbsp; 765594 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2019-OC11, 3.8560%, 12/9/41<sup>ž</sup> <br>| &nbsp;&nbsp; 2229000 | &nbsp;&nbsp; 2121161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-LBA AJV, CME Term SOFR 1 Month + <br> 0.9145%, 5.0655%, 2/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5213000 | &nbsp;&nbsp; 5207612 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-LBA AV, CME Term SOFR 1 Month + <br> 0.9145%, 5.0655%, 2/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6853553 | &nbsp;&nbsp; 6851925 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-VOLT B, CME Term SOFR 1 Month + <br> 1.0645%, 5.2146%, 9/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5121225 | &nbsp;&nbsp; 5104944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2021-VOLT D, CME Term SOFR 1 Month + <br> 1.7645%, 5.9146%, 9/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4717224 | &nbsp;&nbsp; 4700147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2022-FOX2 A2, CME Term SOFR 1 Month + <br> 0.7492%, 4.8994%, 4/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3858579 | &nbsp;&nbsp; 3850955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIR2 A, CME Term SOFR 1 Month + <br> 1.4923%, 5.6433%, 10/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9099742 | &nbsp;&nbsp; 9113163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-AIRC C, CME Term SOFR 1 Month + <br> 2.5900%, 6.7401%, 8/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3769122 | &nbsp;&nbsp; 3778427 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-BRBK A, CME Term SOFR 1 Month + <br> 2.8796%, 7.0266%, 10/15/41<sup>ž,</sup><sup>‡</sup> <br>| 10411568 | 10476930 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-GPA3 A, CME Term SOFR 1 Month + <br> 1.2928%, 5.4430%, 12/15/39<sup>ž,</sup><sup>‡</sup> <br>| $5281237 | $5288832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-GPA3 B, CME Term SOFR 1 Month + <br> 1.6423%, 5.7925%, 12/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3652376 | &nbsp;&nbsp; 3659252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT4 A, CME Term SOFR 1 Month + <br> 1.4914%, 5.6416%, 6/17/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8689450 | &nbsp;&nbsp; 8688345 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 A, 5.5908%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| 11808000 | 12024293 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 B, 5.9949%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2774000 | &nbsp;&nbsp; 2841732 |
| &nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2024-VLT5 C, 6.3984%, 11/13/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1468000 | &nbsp;&nbsp; 1512355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-DIME A, CME Term SOFR 1 Month + <br> 1.1500%, 5.3002%, 2/15/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8630000 | &nbsp;&nbsp; 8605084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-GW A, CME Term SOFR 1 Month + <br> 1.6000%, 5.7500%, 7/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7965000 | &nbsp;&nbsp; 7981650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ROIC A, CME Term SOFR 1 Month + <br> 1.1438%, 5.2940%, 3/15/30<sup>ž,</sup><sup>‡</sup> <br>| 10987148 | 10954119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-ROIC B, CME Term SOFR 1 Month + <br> 1.3935%, 5.5436%, 3/15/30<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2404622 | &nbsp;&nbsp; 2395815 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-SPOT A, CME Term SOFR 1 Month + <br> 1.4434%, 5.5935%, 4/16/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4392658 | &nbsp;&nbsp; 4395759 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust 2025-VLT7 A, CME Term SOFR 1 Month + <br> 1.7000%, 5.8502%, 7/15/44<sup>ž,</sup><sup>‡</sup> <br>| 16788000 | 16835856 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BXHPP Trust 2021-FILM A, CME Term SOFR 1 Month + 0.7645%, 4.9145%, <br> 8/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2066000 | &nbsp;&nbsp; 2005345 |
| &nbsp;&nbsp;&nbsp; BXP Trust 2017-GM, 3.3790%, 6/13/39<sup>ž</sup> <br>| &nbsp;&nbsp; 1140000 | &nbsp;&nbsp; 1113953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Carlyle Global Markets Strategies 2023-2A A1R, CME Term SOFR 3 Month + <br> 1.3200%, 5.6390%, 7/20/38<sup>ž,</sup><sup>‡</sup> <br>| 11418000 | 11455569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CART 2024-DFW1 A, CME Term SOFR 1 Month + 1.6417%, 5.7919%, <br> 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5952000 | &nbsp;&nbsp; 5938512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CART 2024-DFW1 B, CME Term SOFR 1 Month + 2.2908%, 6.4410%, <br> 8/15/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4376181 | &nbsp;&nbsp; 4451088 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBAM CLO Management 2019-11RA A1, CME Term SOFR 3 Month + 1.4416%, <br> 5.7671%, 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4973000 | &nbsp;&nbsp; 4982419 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBAM CLO Management 2019-11RA B, CME Term SOFR 3 Month + 2.0116%, <br> 6.3371%, 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2006778 | &nbsp;&nbsp; 2007781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CBAMR Ltd 2018-5A A1R, CME Term SOFR 3 Month + 1.3400%, 5.4523%, <br> 10/18/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5299000 | &nbsp;&nbsp; 5315257 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2020-1 A1, 1.6900%, 7/15/60<sup>ž</sup> <br>| &nbsp;&nbsp; 3007804 | &nbsp;&nbsp; 2591598 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2020-1 B1, 2.2800%, 7/15/60<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 305814 | &nbsp;&nbsp;&nbsp;&nbsp; 196719 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2021-1A A1, 1.5300%, 3/15/61<sup>ž</sup> <br>| &nbsp;&nbsp; 4363986 | &nbsp;&nbsp; 3613876 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2021-1A B1, 1.9800%, 3/15/61<sup>ž</sup> <br>| &nbsp;&nbsp; 1655880 | &nbsp;&nbsp; 1057643 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2022-1A A1, 5.9700%, 8/15/62<sup>ž</sup> <br>| &nbsp;&nbsp; 5507470 | &nbsp;&nbsp; 5318043 |
| &nbsp;&nbsp;&nbsp; CF Hippolyta Issuer LLC 2022-1A A2, 6.1100%, 8/15/62<sup>ž</sup> <br>| 15858416 | 14895298 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chase Mortgage Finance Corp 2021-CL1 M1, US 30 Day Average SOFR + <br> 1.2000%, 5.5560%, 2/25/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3599547 | &nbsp;&nbsp; 3553124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CIFC Funding Ltd 2019-7A A1R, CME Term SOFR 3 Month + 1.2800%, <br> 5.3713%, 10/19/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8828000 | &nbsp;&nbsp; 8859913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COLT Funding LLC 2020-3, Refinitiv USD IBOR Consumer Cash Fallbacks 1 <br> Year + 1.2000%, 1.5060%, 4/27/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41464 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer II LLC 2025-1A A1, 5.3160%, 5/25/50<sup>ž</sup> <br>| 13824000 | 13980059 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC 2025-1A A2, 5.6560%, 2/25/50<sup>ž</sup> <br>| &nbsp;&nbsp; 7338000 | &nbsp;&nbsp; 7469302 |
| &nbsp;&nbsp;&nbsp; Compass Datacenters Issuer III LLC 2025-2A A2, 5.8350%, 2/25/50<sup>ž</sup> <br>| &nbsp;&nbsp; 4569000 | &nbsp;&nbsp; 4686254 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R01 1M2, US 30 Day Average SOFR <br> + 1.5500%, 5.9060%, 10/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 296764 | &nbsp;&nbsp;&nbsp;&nbsp; 297355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R02 2M2, US 30 Day Average SOFR <br> + 2.0000%, 6.3560%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| 11907758 | 12049413 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R03 1M1, US 30 Day Average SOFR <br> + 0.8500%, 5.2060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 414278 | &nbsp;&nbsp;&nbsp;&nbsp; 413496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2021-R03 1M2, US 30 Day Average SOFR <br> + 1.6500%, 6.0060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3397000 | &nbsp;&nbsp; 3412145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R02 2M2, US 30 Day Average SOFR <br> + 3.0000%, 7.3560%, 1/27/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4661000 | &nbsp;&nbsp; 4755162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R05 2M1, US 30 Day Average SOFR <br> + 1.9000%, 6.2560%, 4/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 808901 | &nbsp;&nbsp;&nbsp;&nbsp; 810619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R05 2M2, US 30 Day Average SOFR <br> + 3.0000%, 7.3560%, 4/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2737000 | &nbsp;&nbsp; 2799701 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2022-R09 2M1, US 30 Day Average SOFR <br> + 2.5000%, 6.8560%, 9/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2879733 | &nbsp;&nbsp; 2917916 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R04 1M1, US 30 Day Average SOFR <br> + 2.3000%, 6.6560%, 5/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3205028 | &nbsp;&nbsp; 3269998 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R06 1M1, US 30 Day Average SOFR <br> + 1.7000%, 6.0560%, 7/27/43<sup>ž,</sup><sup>‡</sup> <br>| $2188348 | $2196328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R07 2M1, US 30 Day Average SOFR <br> + 1.9500%, 6.3060%, 9/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 947531 | &nbsp;&nbsp;&nbsp;&nbsp; 952163 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2023-R08 1M1, US 30 Day Average SOFR <br> + 1.5000%, 5.8560%, 10/26/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1949331 | &nbsp;&nbsp; 1952296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R01 1M1, US 30 Day Average SOFR <br> + 1.0500%, 5.4060%, 1/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2057808 | &nbsp;&nbsp; 2059843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R03 2M1, US 30 Day Average SOFR <br> + 1.1500%, 5.5060%, 3/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1338874 | &nbsp;&nbsp; 1339850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R04 1M1, US 30 Day Average SOFR <br> + 1.1000%, 5.4560%, 5/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1720481 | &nbsp;&nbsp; 1720872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2024-R05 2M1, US 30 Day Average SOFR <br> + 1.0000%, 5.3560%, 7/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1054600 | &nbsp;&nbsp; 1054138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R01 1M1, US 30 Day Average SOFR <br> + 1.1000%, 5.4560%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1296285 | &nbsp;&nbsp; 1296820 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R02 1M1, US 30 Day Average SOFR <br> + 1.1500%, 5.5060%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2414506 | &nbsp;&nbsp; 2414899 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Connecticut Avenue Securities Trust 2025-R05 2M1, US 30 Day Average SOFR <br> + 1.2000%, 5.5560%, 7/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3595834 | &nbsp;&nbsp; 3602684 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortage Trust 2025-CES3 A1A, 4.8400%, 9/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4749000 | &nbsp;&nbsp; 4740217 |
| &nbsp;&nbsp;&nbsp; COOPR Residential Mortgage Trust 2025-CES2 A1A, 5.5020%, 6/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2077544 | &nbsp;&nbsp; 2096236 |
| &nbsp;&nbsp;&nbsp; CPF IV LLC / CP EF Asset Securitization LLC 2023-1A A, 7.4800%, 3/15/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 988874 | &nbsp;&nbsp;&nbsp;&nbsp; 998075 |
| &nbsp;&nbsp;&nbsp; CRB Securitization Trust 2023-1 A, 6.9600%, 10/20/33<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 60629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Croton Park CLO Ltd, CME Term SOFR 3 Month + 1.5600%, 5.8776%, <br> 10/15/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5745000 | &nbsp;&nbsp; 5759039 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2023-1A B, 5.4500%, 4/20/48<sup>ž</sup> <br>| &nbsp;&nbsp; 1512691 | &nbsp;&nbsp; 1501985 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2023-2A A2, 5.5600%, 11/20/48<sup>ž</sup> <br>| &nbsp;&nbsp; 2249382 | &nbsp;&nbsp; 2272852 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-1A A2, 4.7600%, 3/22/49<sup>ž</sup> <br>| &nbsp;&nbsp; 3355063 | &nbsp;&nbsp; 3317515 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-2A A2, 4.5000%, 5/20/49<sup>ž</sup> <br>| &nbsp;&nbsp; 1200000 | &nbsp;&nbsp; 1180320 |
| &nbsp;&nbsp;&nbsp; CyrusOne Data Centers Issuer I LLC 2024-3A A2, 4.6500%, 5/20/49<sup>ž</sup> <br>| 11661000 | 11324880 |
| &nbsp;&nbsp;&nbsp; DATA Mortgage Trust 2024-CTR2 A, 5.4756%, 5/10/46<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2393509 | &nbsp;&nbsp; 2412107 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC 2017-1A A2II, 4.0300%, 11/20/47<sup>ž</sup> <br>| &nbsp;&nbsp; 1795425 | &nbsp;&nbsp; 1774468 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC 2021-1A A23, 2.7910%, 11/20/51<sup>ž</sup> <br>| &nbsp;&nbsp; 1245475 | &nbsp;&nbsp; 1098373 |
| &nbsp;&nbsp;&nbsp; DB Master Finance LLC 2021-1A A2II, 2.4930%, 11/20/51<sup>ž</sup> <br>| &nbsp;&nbsp; 1665125 | &nbsp;&nbsp; 1570820 |
| &nbsp;&nbsp;&nbsp; Diamond Infrastructure Funding LLC 2021-1A A, 1.7600%, 4/15/49<sup>ž</sup> <br>| &nbsp;&nbsp; 4917000 | &nbsp;&nbsp; 4734836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DROP Mortgage Trust 2021-FILE A, CME Term SOFR 1 Month + 1.2645%, <br> 5.4145%, 10/15/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2133961 | &nbsp;&nbsp; 2075818 |
| &nbsp;&nbsp;&nbsp; Ellington Financial Mortgage Trust 2025-CES1 A1A, 5.7260%, 1/25/60<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2278082 | &nbsp;&nbsp; 2304358 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Elmwood CLO X Ltd 2021-3A AR2, CME Term SOFR 3 Month + 1.3000%, <br> 5.5577%, 7/20/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8044000 | &nbsp;&nbsp; 8068293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust 2021-ESH A, CME Term SOFR 1 Month + <br> 1.1945%, 5.3445%, 7/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2179868 | &nbsp;&nbsp; 2178423 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust 2025-ESH A, CME Term SOFR 1 Month + <br> 1.3000%, 5.4500%, 10/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5768000 | &nbsp;&nbsp; 5762607 |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMICS 2018-27 EA, 3.0000%, 5/25/48 | &nbsp;&nbsp; 1774377 | &nbsp;&nbsp; 1610754 |
| &nbsp;&nbsp;&nbsp; Fannie Mae REMICS 2019-71 P, 3.0000%, 11/25/49 | &nbsp;&nbsp; 2312032 | &nbsp;&nbsp; 2071296 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE1 A, 6.1650%, 3/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2972889 | &nbsp;&nbsp; 3052979 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE2 A, 6.3800%, 5/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2744702 | &nbsp;&nbsp; 2826238 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE3 A, 5.9370%, 7/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1898240 | &nbsp;&nbsp; 1939775 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2024-HE4 A, 5.0560%, 9/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3662728 | &nbsp;&nbsp; 3684308 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE2 A, 5.7750%, 3/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3984948 | &nbsp;&nbsp; 4058008 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE3 A, 5.5600%, 5/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4485082 | &nbsp;&nbsp; 4547545 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE4 A, 5.4080%, 7/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2862158 | &nbsp;&nbsp; 2894106 |
| &nbsp;&nbsp;&nbsp; FIGRE Trust 2025-HE5 A, 5.2850%, 8/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3143371 | &nbsp;&nbsp; 3171496 |
| &nbsp;&nbsp;&nbsp; Finance of America Structured Securities Trust 2025-S1 A1, 3.5000%, 2/25/75<sup>ž</sup> <br>| &nbsp;&nbsp; 3450951 | &nbsp;&nbsp; 3335105 |
| &nbsp;&nbsp;&nbsp; Flagstar Mortgage Trust 2021-13IN A2, 3.0000%, 12/30/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5066207 | &nbsp;&nbsp; 4374636 |
| &nbsp;&nbsp;&nbsp; Freddie Mac - SLST 2020-2 M1, 4.7500%, 9/25/60<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 803673 | &nbsp;&nbsp;&nbsp;&nbsp; 798728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA6 M2, US <br> 30 Day Average SOFR + 1.5000%, 5.8560%, 10/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1473939 | &nbsp;&nbsp; 1478475 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-DNA7 M1, US <br> 30 Day Average SOFR + 0.8500%, 5.2060%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 845024 | &nbsp;&nbsp;&nbsp;&nbsp; 844346 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA3 M2, US <br> 30 Day Average SOFR + 2.1000%, 6.4560%, 9/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1806722 | &nbsp;&nbsp; 1817049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA4 M1, US <br> 30 Day Average SOFR + 0.9500%, 5.3060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4031279 | &nbsp;&nbsp; 4031143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2021-HQA4 M2, US <br> 30 Day Average SOFR + 2.3500%, 6.7060%, 12/25/41<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2293831 | &nbsp;&nbsp; 2316622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-DNA2 M1A, US <br> 30 Day Average SOFR + 1.3000%, 5.6560%, 2/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 415415 | &nbsp;&nbsp;&nbsp;&nbsp; 415547 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-HQA1 M1A, US <br> 30 Day Average SOFR + 2.1000%, 6.4560%, 3/25/42<sup>ž,</sup><sup>‡</sup> <br>| $2024340 | $2032628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2022-HQA3 M1A, US <br> 30 Day Average SOFR + 2.3000%, 6.6560%, 8/25/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1200188 | &nbsp;&nbsp; 1220942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-DNA2 M1A, US <br> 30 Day Average SOFR + 2.1000%, 6.4480%, 4/27/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1350774 | &nbsp;&nbsp; 1369540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA2 M1A, US <br> 30 Day Average SOFR + 2.0000%, 6.3560%, 6/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 189479 | &nbsp;&nbsp;&nbsp;&nbsp; 189978 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2023-HQA3 M1, US <br> 30 Day Average SOFR + 1.8500%, 6.2060%, 11/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1933708 | &nbsp;&nbsp; 1941713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA2 M1, US <br> 30 Day Average SOFR + 1.2000%, 5.5560%, 5/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3374201 | &nbsp;&nbsp; 3376307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2024-DNA3 M1, US <br> 30 Day Average SOFR + 1.0000%, 5.3560%, 10/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 853364 | &nbsp;&nbsp;&nbsp;&nbsp; 852964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA1 M1, US <br> 30 Day Average SOFR + 1.0500%, 5.4060%, 1/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2550280 | &nbsp;&nbsp; 2550430 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA2 M1, US <br> 30 Day Average SOFR + 1.2000%, 5.5560%, 5/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1580567 | &nbsp;&nbsp; 1581320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-DNA3 M1, US <br> 30 Day Average SOFR + 1.1000%, 5.4704%, 9/25/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1886000 | &nbsp;&nbsp; 1886044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Freddie Mac Structured Agency Credit Risk Debt Notes 2025-HQA1 M1, US <br> 30 Day Average SOFR + 1.1500%, 5.5060%, 2/27/45<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6165044 | &nbsp;&nbsp; 6164889 |
| &nbsp;&nbsp;&nbsp; FREMF Mortgage Trust 2023-K511 C, 5.8224%, 11/25/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1838000 | &nbsp;&nbsp; 1715114 |
| &nbsp;&nbsp;&nbsp; GCAT 2023-INV1 A1, 6.0000%, 8/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5956178 | &nbsp;&nbsp; 6037343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Golden Tree Loan Management US CLO1 Ltd 2023-17A AR, CME Term SOFR 3 <br> Month + 1.2800%, 5.6055%, 1/20/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9321000 | &nbsp;&nbsp; 9342560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gracie Point International Funding 2024-1A A, US 90 Day Average SOFR + <br> 1.7000%, 6.0555%, 3/1/28<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2783000 | &nbsp;&nbsp; 2788410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Great Wolf Trust 2024-WLF2 A, CME Term SOFR 1 Month + 1.6912%, 5.8414%, <br> 5/15/41<sup>ž,</sup><sup>‡</sup> <br>| 10398000 | 10416858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust 2025-800D A, CME Term SOFR 1 Month + <br> 2.6500%, 6.7858%, 11/25/41<sup>ž,</sup><sup>‡</sup> <br>| 11841000 | 11872521 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securites Trust 2025-CES2 A1, 5.1800%, 9/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 6493000 | &nbsp;&nbsp; 6492941 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2024-RRTL2 A1, 5.9890%, 9/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4070000 | &nbsp;&nbsp; 4083801 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2024-RTL1 A1, 7.1200%, 7/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 9130000 | &nbsp;&nbsp; 9164409 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2025-RRTL1 A1, 5.4760%, 3/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 6822000 | &nbsp;&nbsp; 6857101 |
| &nbsp;&nbsp;&nbsp; Homeward Opportunities Fund I Trust 2025-RRTL2 A1, 5.2370%, 9/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2898000 | &nbsp;&nbsp; 2906407 |
| &nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust 2015-HB10 A10, 4.1545%, 8/5/34<sup>ž</sup> <br>| &nbsp;&nbsp; 2826661 | &nbsp;&nbsp; 2739840 |
| &nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust 2015-HB7 A7, 3.9141%, 8/5/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 298845 | &nbsp;&nbsp;&nbsp;&nbsp; 297426 |
| &nbsp;&nbsp;&nbsp; Hudson's Bay Simon JV Trust 2015-HB7 B7, 4.6662%, 8/5/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 270000 | &nbsp;&nbsp;&nbsp;&nbsp; 268191 |
| &nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust 2025-5MPR A1D, 5.5000%, 11/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3122901 | &nbsp;&nbsp; 3135548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KRE Commercial Mortgage Trust 2025-AIP4 A, CME Term SOFR 1 Month + <br> 1.3000%, 5.4502%, 3/17/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7547000 | &nbsp;&nbsp; 7535946 |
| &nbsp;&nbsp;&nbsp; LAD Auto Receivables Trust 2022-1A A, 5.2100%, 6/15/27<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LBA Trust 2024-BOLT A, CME Term SOFR 1 Month + 1.5911%, 5.7413%, <br> 6/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6949352 | &nbsp;&nbsp; 6951323 |
| &nbsp;&nbsp;&nbsp; Lendbuzz Securitization Trust 2021-1A A, 4.2200%, 5/17/27<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 710531 | &nbsp;&nbsp;&nbsp;&nbsp; 709612 |
| &nbsp;&nbsp;&nbsp; Lendbuzz Securitization Trust 2023-1A A2, 6.9200%, 8/15/28<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 829668 | &nbsp;&nbsp;&nbsp;&nbsp; 839319 |
| &nbsp;&nbsp;&nbsp; Lex Commercial Loan Master Trust 2024-BBG A, 5.0361%, 10/13/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2200000 | &nbsp;&nbsp; 2214524 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL2 A1, 7.1280%, 3/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2268288 | &nbsp;&nbsp; 2288346 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL3 A1, 6.9000%, 5/25/29<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2894523 | &nbsp;&nbsp; 2928882 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2024-RTL4 A1, 5.9210%, 7/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 8728504 | &nbsp;&nbsp; 8789006 |
| &nbsp;&nbsp;&nbsp; LHOME Mortgage Trust 2025-RTL3 A1, 5.2390%, 8/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2700000 | &nbsp;&nbsp; 2709409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Financial Services Trust 2021-BMR C, CME Term SOFR 1 Month + 1.2145%, <br> 5.3645%, 3/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 456249 | &nbsp;&nbsp;&nbsp;&nbsp; 454742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Financial Services Trust 2022-BMR2 A1, CME Term SOFR 1 Month + <br> 1.2952%, 5.4454%, 5/16/39<sup>ž,</sup><sup>‡</sup> <br>| 11353000 | 11040389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Financial Services Trust 2022-BMR2 B, CME Term SOFR 1 Month + <br> 1.7939%, 5.9441%, 5/16/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1854000 | &nbsp;&nbsp; 1710521 |
| &nbsp;&nbsp;&nbsp; M&T Equipment Notes 2023-1A A3, 5.7400%, 7/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1282403 | &nbsp;&nbsp; 1291214 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2019-34A A2RR, CME Term SOFR 3 Month + <br> 1.6000%, 5.9178%, 10/16/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4190000 | &nbsp;&nbsp; 4201153 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2022-55A A1R, CME Term SOFR 3 Month + <br> 1.3600%, 5.6890%, 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| 12893139 | 12932892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2022-62A A1R2, CME Term SOFR 3 Month + <br> 1.3000%, 5.6229%, 7/16/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9017000 | &nbsp;&nbsp; 9047865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Madison Park Funding Ltd 2025-73A A1, CME Term SOFR 3 Month + 1.3000%, <br> 5.2630%, 10/18/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9600000 | &nbsp;&nbsp; 9624502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Magnetite CLO Ltd 2025-50A A1, CME Term SOFR 3 Month + 1.2800%, <br> 5.5888%, 7/26/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6846000 | &nbsp;&nbsp; 6868250 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Marlette Funding Trust 2023-2A B, 6.5400%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; $85718 | &nbsp;&nbsp;&nbsp;&nbsp; $85778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2021-INV2 A11, US 30 Day Average <br> SOFR + 0.9500%, 5.0000%, 8/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2721770 | &nbsp;&nbsp; 2540223 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2021-INV3 A11, US 30 Day Average <br> SOFR + 0.9500%, 5.0000%, 10/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3453561 | &nbsp;&nbsp; 3224281 |
| &nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance Trust 2024-SD1 A1, 4.0000%, 4/25/54<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2613344 | &nbsp;&nbsp; 2570556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHC Commercial Mortgage Trust 2021-MHC A, CME Term SOFR 1 Month + <br> 0.9154%, 5.0654%, 4/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 952457 | &nbsp;&nbsp;&nbsp;&nbsp; 952151 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MHC Commercial Mortgage Trust 2021-MHC C, CME Term SOFR 1 Month + <br> 1.4654%, 5.6154%, 4/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3486153 | &nbsp;&nbsp; 3484510 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Morgan Stanley Residential Mortgage Loan Trust 2025-SPL1 A1, US 30 Day <br> Average SOFR + 1.4000%, 4.2500%, 2/25/65<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3475000 | &nbsp;&nbsp; 3392393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Neuberger Berman CLO Ltd 2019-32RA A, CME Term SOFR 3 Month + <br> 1.3100%, 5.6390%, 7/20/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8069700 | &nbsp;&nbsp; 8084182 |
| &nbsp;&nbsp;&nbsp; New Economy Assets Phase 1 Issuer LLC 2021-1 B1, 2.4100%, 10/20/61<sup>ž</sup> <br>| &nbsp;&nbsp; 2779000 | &nbsp;&nbsp; 1844067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2018-2, Refinitiv USD IBOR Consumer <br> Cash Fallbacks 6 Months + 0.6800%, 4.5000%, 2/25/58<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 259301 | &nbsp;&nbsp;&nbsp;&nbsp; 255760 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2024-NQM2 A1, US 30 Day Average <br> SOFR + 0.1400%, 5.1170%, 9/25/64<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5175538 | &nbsp;&nbsp; 5183404 |
| &nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust 2024-RTL2 A1, 5.4430%, 9/25/39<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3319000 | &nbsp;&nbsp; 3345777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH PARK Mortgage Trust 2024-PARK A, CME Term SOFR 1 Month + <br> 1.6413%, 5.7915%, 3/15/41<sup>ž,</sup><sup>‡</sup> <br>| 12462000 | 12450180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NRTH PARK Mortgage Trust 2025-PARK A, CME Term SOFR 1 Month + <br> 1.3933%, 5.5433%, 10/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7104000 | &nbsp;&nbsp; 7085751 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2020-PLS1 A, 3.8440%, 12/25/25<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 459711 | &nbsp;&nbsp;&nbsp;&nbsp; 457731 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2021-FHT1 A, 3.1040%, 7/25/26<sup>ž</sup> <br>| &nbsp;&nbsp; 1084274 | &nbsp;&nbsp; 1061915 |
| &nbsp;&nbsp;&nbsp; NRZ Excess Spread Collateralized Notes 2024-FNT1 A, 7.3980%, 11/25/31<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4149163 | &nbsp;&nbsp; 4193485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Hill Credit Partners 2020-7A A1R2, CME Term SOFR 3 Month + 1.2800%, <br> 5.5438%, 7/19/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8534000 | &nbsp;&nbsp; 8555335 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oak Hill Credit Partners 2021-9A A2R, CME Term SOFR 3 Month + 1.5800%, <br> 5.9055%, 10/19/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6022000 | &nbsp;&nbsp; 6050759 |
| &nbsp;&nbsp;&nbsp; Oak Street Investment Grade Net Lease Fund 2020-1A A1, 1.8500%, 11/20/50<sup>ž</sup> <br>| &nbsp;&nbsp; 3260727 | &nbsp;&nbsp; 3112290 |
| &nbsp;&nbsp;&nbsp; Oasis Securitization 2024-1A A, 5.8800%, 9/30/38<sup>§</sup> <br>| &nbsp;&nbsp; 1616000 | &nbsp;&nbsp; 1612956 |
| &nbsp;&nbsp;&nbsp; Oasis Securitization 2025-1A A, 6.3550%, 8/15/39<sup>ž</sup> <br>| &nbsp;&nbsp; 5006000 | &nbsp;&nbsp; 5033900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd 2020-8RA AR, CME Term SOFR 3 Month + 1.2500%, 5.5724%, <br> 10/17/36<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8736327 | &nbsp;&nbsp; 8747420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OCP CLO Ltd 2025-44A A, CME Term SOFR 3 Month + 1.3000%, 5.5622%, <br> 10/25/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 4302000 | &nbsp;&nbsp; 4315461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Octagon Investment Partners 42 Ltd 2019-3A A2RR, CME Term SOFR 3 Month <br> + 1.5600%, 5.8776%, 7/15/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 900034 | &nbsp;&nbsp;&nbsp;&nbsp; 902242 |
| &nbsp;&nbsp;&nbsp; Onslow Bay Financial LLC 2022-INV1 A1, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1252504 | &nbsp;&nbsp; 1081314 |
| &nbsp;&nbsp;&nbsp; Onslow Bay Financial LLC 2022-INV1 A18, 3.0000%, 12/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3314399 | &nbsp;&nbsp; 2851110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPEN Trust 2023-AIR A, CME Term SOFR 1 Month + 3.0891%, 7.2392%, <br> 11/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 315456 | &nbsp;&nbsp;&nbsp;&nbsp; 315347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; OPEN Trust 2023-AIR C, CME Term SOFR 1 Month + 5.2359%, 9.3861%, <br> 11/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1438086 | &nbsp;&nbsp; 1437601 |
| &nbsp;&nbsp;&nbsp; Pretium Mortgage Credit Partners LLC 2025-RPL1 A1, 4.0000%, 7/25/69<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4258424 | &nbsp;&nbsp; 4158448 |
| &nbsp;&nbsp;&nbsp; Pretium Mortgage Credit Partners LLC 2025-RPL2 A1, 4.0000%, 8/25/64<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4606533 | &nbsp;&nbsp; 4499479 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2024-RCF2 A1, 3.7500%, 3/25/54<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 1772780 | &nbsp;&nbsp; 1737051 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RCF4 A1, 4.5000%, 8/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3230721 | &nbsp;&nbsp; 3197932 |
| &nbsp;&nbsp;&nbsp; PRP Advisors LLC 2025-RPL4 A1, 3.0000%, 5/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 6037380 | &nbsp;&nbsp; 5666426 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS I LLC 2025-1A A2, 5.4390%, 5/25/55<sup>ž</sup> <br>| 16719000 | 17065947 |
| &nbsp;&nbsp;&nbsp; QTS Issuer ABS II LLC 2025-1A A2, 5.0440%, 10/5/55<sup>ž</sup> <br>| &nbsp;&nbsp; 9100000 | &nbsp;&nbsp; 9068443 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regatta XXIII Funding Ltd 2021-4A B, CME Term SOFR 3 Month + 1.9616%, <br> 6.2871%, 1/22/35<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1732772 | &nbsp;&nbsp; 1739010 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2023-FIG3 A, 7.0670%, 8/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 7209676 | &nbsp;&nbsp; 7444090 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2023-FIG4 A, 6.7180%, 11/25/53<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3908908 | &nbsp;&nbsp; 4032200 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-CES1 A1, 6.3060%, 3/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2439607 | &nbsp;&nbsp; 2467526 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-FIG5 A, 6.2550%, 4/25/54<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3056340 | &nbsp;&nbsp; 3083106 |
| &nbsp;&nbsp;&nbsp; Saluda Grade Alternative Mortgage Trust 2024-RTL6 A1, 7.4390%, 7/25/30<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 6625667 | &nbsp;&nbsp; 6687072 |
| &nbsp;&nbsp;&nbsp; Santander Bank Auto Credit-Linked Notes 2022-B A2, 5.5870%, 8/16/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 364729 | &nbsp;&nbsp;&nbsp;&nbsp; 366623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SCG Hotel Issuer Inc 2025-DLFN A, CME Term SOFR 1 Month + 1.2000%, <br> 5.3502%, 3/15/35<sup>ž,</sup><sup>‡</sup> <br>| 10048000 | 10011252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SELF Commercial Mortgage Trust 2024-STRG A, CME Term SOFR 1 Month + <br> 1.5423%, 5.6924%, 11/15/34<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9852000 | &nbsp;&nbsp; 9832181 |
| &nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust 2013-5, 2.5000%, 5/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 519327 | &nbsp;&nbsp;&nbsp;&nbsp; 461983 |
| &nbsp;&nbsp;&nbsp; Sequoia Mortgage Trust 2020-2, 3.5000%, 3/25/50<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 190954 | &nbsp;&nbsp;&nbsp;&nbsp; 171144 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sixth Street CLO Ltd 2017-9A AR, CME Term SOFR 3 Month + 1.3800%, <br> 5.7055%, 7/21/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8897000 | &nbsp;&nbsp; 8920248 |
| &nbsp;&nbsp;&nbsp; SMRT 2022-MINI A, CME Term SOFR 1 Month + 1.0000%, 5.1510%, 1/17/39<sup>ž,</sup><sup>‡</sup> <br>| 11242000 | 11212683 |

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| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Asset-Backed/Commercial Mortgage-Backed Securities – (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SREIT Trust 2021-MFP A, CME Term SOFR 1 Month + 0.8453%, 4.9954%, <br> 11/15/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; $595577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $594192 |
| &nbsp;&nbsp;&nbsp; Taco Bell Funding LLC 2021-1A A2II, 2.2940%, 8/25/51<sup>ž</sup> <br>| &nbsp;&nbsp; 6538538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6032018 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TEXAS Commercial Mortgage Trust 2025-TWR A, CME Term SOFR 1 Month + <br> 1.2931%, 5.4433%, 4/15/42<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2757000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2748837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Texas Debt Capital CLO Ltd 2023-2A A1R, CME Term SOFR 3 Month + <br> 1.3700%, 5.6955%, 10/21/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9024859 |
| &nbsp;&nbsp;&nbsp; THE 2023-MIC Trust 2023-MIC A, 8.7315%, 12/5/38<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5052469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5472266 |
| &nbsp;&nbsp;&nbsp; The Huntington National Bank 2024-2 B1, 5.4420%, 10/20/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2464054 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2487825 |
| &nbsp;&nbsp;&nbsp; Toorak Mortgage Corp 2025-RRTL1 A1, 5.5240%, 2/25/40<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2616577 |
| &nbsp;&nbsp;&nbsp; TYSN 2023-CRNR Mortgage Trust 2023-CRNR A, 6.7991%, 12/10/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 8090504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8539182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC 2021-INV1 A9, US 30 Day Average SOFR + <br> 0.9000%, 5.0000%, 8/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3284618 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3059069 |
| &nbsp;&nbsp;&nbsp; Vantage Data Centers LLC 2020-2A A2, 1.9920%, 9/15/45<sup>ž</sup> <br>| &nbsp;&nbsp; 3097000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2930263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; VASA Trust 2021-VASA A, CME Term SOFR 1 Month + 1.0145%, 5.1655%, <br> 7/15/39<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2382000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2324319 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Voya CLO Ltd 2024-4A A2, CME Term SOFR 3 Month + 1.5500%, 5.8755%, <br> 7/20/37<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3637684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3645776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust 2021-SAVE A, CME Term SOFR 1 <br> Month + 1.3645%, 5.5155%, 2/15/40<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 460601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 459402 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust 2025-VTT A, 5.2704%, 3/15/38<sup>ž,</sup><sup>‡</sup> <br>| 10219000 | &nbsp;&nbsp;&nbsp;&nbsp; 10256552 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2021-1A A2I, 2.3700%, 6/15/51<sup>ž</sup> <br>| &nbsp;&nbsp; 1275375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1179766 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC 2021-1A A2II, 2.7750%, 6/15/51<sup>ž</sup> <br>| &nbsp;&nbsp; 3546554 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3176558 |
| &nbsp;&nbsp;&nbsp; Westgate Resorts 2022-1A A, 1.7880%, 8/20/36<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 274566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273175 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Woodward Capital Management 2021-3 A21, US 30 Day Average SOFR + <br> 0.8000%, 5.0000%, 7/25/51<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2404294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2230490 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2023-CES1 A1A, 6.5150%, 6/25/43<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 1414509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1423886 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES1 A1A, 6.0250%, 2/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 3118597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3150089 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES2 A1A, 6.1410%, 4/25/44<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 6621726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6696543 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES5 A1A, 5.8460%, 8/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 6178809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6221490 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES6 A1A, 5.3440%, 9/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4871917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4878408 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES7 A1A, 5.1580%, 10/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 7686357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7695452 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2024-CES9 A1A, 5.5820%, 12/25/44<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4191728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4233608 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES1 A1A, 5.6530%, 1/25/45<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 453067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457653 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES2 A1A, 5.5030%, 2/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 4131711 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4173548 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES3 A1A, 5.5530%, 3/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2313972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2340077 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES6 A1A, 5.4720%, 6/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 2238811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2260808 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES7 A1A, 5.3770%, 7/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3218177 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3246030 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES8 A1A, 5.1477%, 8/25/55<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 5534837 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5530760 |
| &nbsp;&nbsp;&nbsp; Woodward Capital Management 2025-CES9 A1A, 4.7950%, 9/25/55<sup>ž,</sup><sup>Ç</sup> <br>| &nbsp;&nbsp; 3810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3809968 |
| Total Asset-Backed/Commercial Mortgage-Backed Securities (cost <br> $1,081,225,121)<br>|  | 1083961192 |
| Bank Loans and Mezzanine Loans – 0.7% |  |  |
| Basic Industry – 0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Qnity Electronics Inc, CME Term SOFR 1 Month + 2.0000%, 6.3513%, <br> 8/12/32<sup>ƒ</sup><sup>,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 2735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2731581 |
| Capital Goods – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP, CME Term SOFR 3 Month + 2.2500%, 6.4489%, 5/31/30<sup>‡</sup> <br>| &nbsp;&nbsp; 3060232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3049858 |
| &nbsp;&nbsp;&nbsp; EMRLD Borrower LP, CME Term SOFR 3 Month + 2.5000%, 6.5660%, 8/4/31<sup>‡</sup> <br>| 14520353 | &nbsp;&nbsp;&nbsp;&nbsp; 14450510 |
| &nbsp;&nbsp;&nbsp; TransDigm Group Inc, CME Term SOFR 3 Month + 2.5000%, 6.5015%, 8/19/32<sup>‡</sup> <br>| &nbsp;&nbsp; 7220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7210758 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 24711126 |
| Consumer Cyclical – 0% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Belron Finance 2019 LLC, CME Term SOFR 3 Month + 2.5000%, 6.7419%, <br> 10/16/31<sup>‡</sup> <br>| &nbsp;&nbsp; 4442430 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4461888 |
| Consumer Non-Cyclical – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medline Borrower LP, CME Term SOFR 1 Month + 2.0000%, 6.1634%, <br> 10/23/30<sup>‡</sup> <br>| &nbsp;&nbsp; 8093838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8088819 |
| Electric – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alpha Generation LLC, CME Term SOFR 1 Month + 2.0000%, 6.1634%, <br> 9/30/31<sup>‡</sup> <br>| &nbsp;&nbsp; 5201692 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5191289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lightning Power LLC, CME Term SOFR 3 Month + 2.2500%, 6.2515%, <br> 8/18/31<sup>‡</sup> <br>| &nbsp;&nbsp; 9512120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9499089 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14690378 |
| Transportation – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesee & Wyoming Inc, CME Term SOFR 3 Month + 1.7500%, 5.7515%, <br> 4/10/31<sup>‡</sup> <br>| 13026812 | &nbsp;&nbsp;&nbsp;&nbsp; 12971058 |
| Total Bank Loans and Mezzanine Loans (cost $67,664,054) |  | &nbsp;&nbsp;&nbsp;&nbsp; 67654850 |
| Corporate Bonds – 11.4% |  |  |
| Banking – 2.9% |  |  |
| &nbsp;&nbsp;&nbsp; American Express Co, SOFR + 1.2200%, 4.9180%, 7/20/33<sup>‡</sup> <br>| &nbsp;&nbsp; 8088000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8228799 |

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---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Banking – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp, SOFR + 1.0000%, 5.1620%, 1/24/31<sup>‡</sup> <br>| $16431000 | $16958193 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp, SOFR + 1.8400%, 5.8720%, 9/15/34<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6100000 | &nbsp;&nbsp;&nbsp;&nbsp; 6536188 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp, SOFR + 1.6970%, 5.7440%, 2/12/36<sup>‡</sup> <br>| &nbsp;&nbsp; 27060000 | &nbsp;&nbsp; 28114497 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp/The, SOFR + 1.8450%, 6.4740%, 10/25/34<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7801000 | &nbsp;&nbsp;&nbsp;&nbsp; 8694856 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 2.6400%, 6.3120%, 6/8/29<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3004000 | &nbsp;&nbsp;&nbsp;&nbsp; 3151232 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 1.9050%, 5.7000%, 2/1/30<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1796000 | &nbsp;&nbsp;&nbsp;&nbsp; 1864634 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 3.0700%, 7.6240%, 10/30/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6330000 | &nbsp;&nbsp;&nbsp;&nbsp; 7159183 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 1.9900%, 5.8840%, 7/26/35<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8321000 | &nbsp;&nbsp;&nbsp;&nbsp; 8726879 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp, SOFR + 2.0360%, 6.1830%, 1/30/36<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6214000 | &nbsp;&nbsp;&nbsp;&nbsp; 6446125 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, CME Term SOFR 3 Month + 1.8246%, 3.8870%, 1/10/28<sup>‡</sup> <br>| &nbsp;&nbsp; 11561000 | &nbsp;&nbsp; 11513804 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, SOFR + 1.1710%, 4.5030%, 9/11/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3290000 | &nbsp;&nbsp;&nbsp;&nbsp; 3291778 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, SOFR + 2.0560%, 5.8270%, 2/13/35<sup>‡</sup> <br>| &nbsp;&nbsp; 17397000 | &nbsp;&nbsp; 18043322 |
| &nbsp;&nbsp;&nbsp; Citigroup Inc, SOFR + 1.4880%, 5.1740%, 9/11/36<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2832000 | &nbsp;&nbsp;&nbsp;&nbsp; 2860739 |
| &nbsp;&nbsp;&nbsp; Discover Financial Services, SOFR + 3.3700%, 7.9640%, 11/2/34<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4170000 | &nbsp;&nbsp;&nbsp;&nbsp; 4930320 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc, SOFR + 1.0780%, 5.2070%, 1/28/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8589000 | &nbsp;&nbsp;&nbsp;&nbsp; 8866278 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc, SOFR + 1.3800%, 5.5360%, 1/28/36<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7598000 | &nbsp;&nbsp;&nbsp;&nbsp; 7931128 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co, SOFR + 1.0100%, 5.1400%, 1/24/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7304000 | &nbsp;&nbsp;&nbsp;&nbsp; 7543066 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.2900%, 2.9430%, 1/21/33<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5523000 | &nbsp;&nbsp;&nbsp;&nbsp; 5021256 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.8800%, 5.4240%, 7/21/34<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6139000 | &nbsp;&nbsp;&nbsp;&nbsp; 6396231 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley, SOFR + 1.5550%, 5.3200%, 7/19/35<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8439000 | &nbsp;&nbsp;&nbsp;&nbsp; 8707770 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd, 2.9900%, 5/21/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8080000 | &nbsp;&nbsp;&nbsp;&nbsp; 7369943 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 1.0720%, 5.2220%, 1/29/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 2562000 | &nbsp;&nbsp;&nbsp;&nbsp; 2647114 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 1.3940%, 5.5750%, 1/29/36<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3593000 | &nbsp;&nbsp;&nbsp;&nbsp; 3748943 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 2.2840%, 6.8750%, 10/20/34<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7688000 | &nbsp;&nbsp;&nbsp;&nbsp; 8710141 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The, SOFR + 1.5990%, 5.4010%, 7/23/35<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 8376000 | &nbsp;&nbsp;&nbsp;&nbsp; 8670332 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Societe Generale SA, US Treasury Yield Curve Rate 1 Year + 1.2000%, 5.5000%, <br> 4/13/29<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4851000 | &nbsp;&nbsp;&nbsp;&nbsp; 4953184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Societe Generale SA, US Treasury Yield Curve Rate 1 Year + 1.6000%, 6.1000%, <br> 4/13/33<sup>ž,</sup><sup>‡</sup> <br>| &nbsp;&nbsp; 11950000 | &nbsp;&nbsp; 12593962 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.5600%, 5.3840%, 1/23/30<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6844000 | &nbsp;&nbsp;&nbsp;&nbsp; 7076139 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.0610%, 5.0460%, 2/12/31<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7145000 | &nbsp;&nbsp;&nbsp;&nbsp; 7328145 |
| &nbsp;&nbsp;&nbsp; US Bancorp, SOFR + 1.4110%, 5.4240%, 2/12/36<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 7864000 | &nbsp;&nbsp;&nbsp;&nbsp; 8142728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; US Bancorp, US Treasury Yield Curve Rate 5 Year + 0.9500%, 2.4910%, <br> 11/3/36<sup>‡</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 6449000 | &nbsp;&nbsp;&nbsp;&nbsp; 5559690 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co, SOFR + 1.1100%, 5.2440%, 1/24/31<sup>‡</sup> <br>| &nbsp;&nbsp; 15197000 | &nbsp;&nbsp; 15722934 |
|  |  | 273509533 |
| Basic Industry – 0% |  |  |
| &nbsp;&nbsp;&nbsp; Qnity Electronics Inc, 5.7500%, 8/15/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3406000 | &nbsp;&nbsp;&nbsp;&nbsp; 3431977 |
| Brokerage – 0.8% |  |  |
| &nbsp;&nbsp;&nbsp; Blue Owl Finance LLC, 6.2500%, 4/18/34 | &nbsp;&nbsp;&nbsp;&nbsp; 7954000 | &nbsp;&nbsp;&nbsp;&nbsp; 8341548 |
| &nbsp;&nbsp;&nbsp; Citadel Securities Global Holdings LLC, 5.5000%, 6/18/30<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400280 |
| &nbsp;&nbsp;&nbsp; Citadel Securities Global Holdings LLC, 6.2000%, 6/18/35<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1714000 | &nbsp;&nbsp;&nbsp;&nbsp; 1800515 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 7.1250%, 4/30/31<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4873000 | &nbsp;&nbsp;&nbsp;&nbsp; 5111252 |
| &nbsp;&nbsp;&nbsp; Jane Street Group / JSG Finance Inc, 6.1250%, 11/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 12094000 | &nbsp;&nbsp; 12257985 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 6.7500%, 11/17/28 | &nbsp;&nbsp; 10435000 | &nbsp;&nbsp; 11137892 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.2000%, 3/15/30 | &nbsp;&nbsp;&nbsp;&nbsp; 2938000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000180 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.1500%, 6/15/30 | &nbsp;&nbsp;&nbsp;&nbsp; 4736000 | &nbsp;&nbsp;&nbsp;&nbsp; 4820331 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 6.0000%, 5/20/34 | &nbsp;&nbsp;&nbsp;&nbsp; 6846000 | &nbsp;&nbsp;&nbsp;&nbsp; 7153222 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.6500%, 3/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 4920000 | &nbsp;&nbsp;&nbsp;&nbsp; 5012800 |
| &nbsp;&nbsp;&nbsp; LPL Holdings Inc, 5.7500%, 6/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 5874000 | &nbsp;&nbsp;&nbsp;&nbsp; 6023441 |
| &nbsp;&nbsp;&nbsp; Nasdaq Inc, 5.5500%, 2/15/34 | &nbsp;&nbsp; 10515000 | &nbsp;&nbsp; 11040646 |
|  |  | &nbsp;&nbsp; 76100092 |
| Capital Goods – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Amcor Flexibles North America Inc, 5.5000%, 3/17/35 | &nbsp;&nbsp;&nbsp;&nbsp; 4922000 | &nbsp;&nbsp;&nbsp;&nbsp; 5068219 |
| &nbsp;&nbsp;&nbsp; Berry Global Inc, 5.8000%, 6/15/31 | &nbsp;&nbsp; 11390000 | &nbsp;&nbsp; 12042562 |
| &nbsp;&nbsp;&nbsp; Berry Global Inc, 5.6500%, 1/15/34 | &nbsp;&nbsp;&nbsp;&nbsp; 2037000 | &nbsp;&nbsp;&nbsp;&nbsp; 2122440 |
| &nbsp;&nbsp;&nbsp; Embraer Netherlands Finance BV, 5.4000%, 1/9/38 | &nbsp;&nbsp;&nbsp;&nbsp; 8504000 | &nbsp;&nbsp;&nbsp;&nbsp; 8466838 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings Inc, 6.3750%, 3/1/32<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 5502000 | &nbsp;&nbsp;&nbsp;&nbsp; 5699214 |
| &nbsp;&nbsp;&nbsp; TransDigm Inc, 6.2500%, 1/31/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1025000 | &nbsp;&nbsp;&nbsp;&nbsp; 1054129 |
| &nbsp;&nbsp;&nbsp; TransDigm Inc, 6.7500%, 1/31/34<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 3509000 | &nbsp;&nbsp;&nbsp;&nbsp; 3628162 |
|  |  | &nbsp;&nbsp; 38081564 |
| Communications – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; AppLovin Corp, 5.3750%, 12/1/31 | &nbsp;&nbsp;&nbsp;&nbsp; 6587000 | &nbsp;&nbsp;&nbsp;&nbsp; 6814091 |
| &nbsp;&nbsp;&nbsp; AppLovin Corp, 5.5000%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 7627000 | &nbsp;&nbsp;&nbsp;&nbsp; 7872942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC / Charter Communications Operating <br> Capital, 6.6500%, 2/1/34<br>| &nbsp;&nbsp; 16043000 | &nbsp;&nbsp; 17143503 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc, 5.1250%, 5/15/32 | &nbsp;&nbsp;&nbsp;&nbsp; 5107000 | &nbsp;&nbsp;&nbsp;&nbsp; 5255908 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA Inc, 5.3000%, 5/15/35 | &nbsp;&nbsp; 11066000 | &nbsp;&nbsp; 11333601 |
|  |  | &nbsp;&nbsp; 48420045 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Consumer Cyclical – 0.8% |  |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp, 5.7500%, 8/1/32<sup>ž</sup> <br>| $7105000 | &nbsp;&nbsp; $7230602 |
| &nbsp;&nbsp;&nbsp; CBRE Services Inc, 5.9500%, 8/15/34 | 11547000 | &nbsp;&nbsp; 12316443 |
| &nbsp;&nbsp;&nbsp; Flutter Treasury DAC, 5.8750%, 6/4/31<sup>ž</sup> <br>| &nbsp;&nbsp; 3621000 | &nbsp;&nbsp;&nbsp;&nbsp; 3675387 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co LLC, 7.1220%, 11/7/33 | &nbsp;&nbsp; 3812000 | &nbsp;&nbsp;&nbsp;&nbsp; 4074554 |
| &nbsp;&nbsp;&nbsp; General Motors Co, 6.2500%, 4/15/35 | &nbsp;&nbsp; 3822000 | &nbsp;&nbsp;&nbsp;&nbsp; 4019650 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 5.3000%, 1/15/29 | &nbsp;&nbsp;&nbsp;&nbsp; 344000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 350291 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 6.7500%, 12/1/33 | &nbsp;&nbsp; 4841000 | &nbsp;&nbsp;&nbsp;&nbsp; 5245504 |
| &nbsp;&nbsp;&nbsp; GLP Capital LP / GLP Financing II Inc, 5.6250%, 9/15/34 | &nbsp;&nbsp; 5014000 | &nbsp;&nbsp;&nbsp;&nbsp; 5074790 |
| &nbsp;&nbsp;&nbsp; LKQ Corp, 5.7500%, 6/15/28 | &nbsp;&nbsp; 4397000 | &nbsp;&nbsp;&nbsp;&nbsp; 4544743 |
| &nbsp;&nbsp;&nbsp; NCL Corporation Ltd, 5.8750%, 1/15/31<sup>ž</sup> <br>| 12899000 | &nbsp;&nbsp; 12898517 |
| &nbsp;&nbsp;&nbsp; NCL Corporation Ltd, 6.2500%, 9/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 7997000 | &nbsp;&nbsp;&nbsp;&nbsp; 8038390 |
| &nbsp;&nbsp;&nbsp; VICI Properties LP, 5.6250%, 4/1/35 | &nbsp;&nbsp; 5593000 | &nbsp;&nbsp;&nbsp;&nbsp; 5726728 |
|  |  | &nbsp;&nbsp; 73195599 |
| Consumer Non-Cyclical – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, <br> 6.5000%, 2/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 4757000 | &nbsp;&nbsp;&nbsp;&nbsp; 4831968 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.0000%, 9/15/32 | &nbsp;&nbsp; 2820000 | &nbsp;&nbsp;&nbsp;&nbsp; 2854507 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.2500%, 2/21/33 | &nbsp;&nbsp;&nbsp;&nbsp; 999000 | &nbsp;&nbsp;&nbsp;&nbsp; 1022123 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.7000%, 6/1/34 | &nbsp;&nbsp; 5130000 | &nbsp;&nbsp;&nbsp;&nbsp; 5353389 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 5.4500%, 9/15/35 | &nbsp;&nbsp; 5014000 | &nbsp;&nbsp;&nbsp;&nbsp; 5102258 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 4.7800%, 3/25/38 | 11256000 | &nbsp;&nbsp; 10549543 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp, 6.2000%, 9/15/55 | &nbsp;&nbsp; 2902000 | &nbsp;&nbsp;&nbsp;&nbsp; 2986829 |
| &nbsp;&nbsp;&nbsp; Diageo Capital PLC, 2.1250%, 4/29/32 | &nbsp;&nbsp; 2398000 | &nbsp;&nbsp;&nbsp;&nbsp; 2074416 |
| &nbsp;&nbsp;&nbsp; HCA Inc, 5.8750%, 2/15/26 | &nbsp;&nbsp; 1152000 | &nbsp;&nbsp;&nbsp;&nbsp; 1153486 |
| &nbsp;&nbsp;&nbsp; HCA Inc, 3.6250%, 3/15/32 | &nbsp;&nbsp; 3617000 | &nbsp;&nbsp;&nbsp;&nbsp; 3393296 |
| &nbsp;&nbsp;&nbsp; HCA Inc, 5.6000%, 4/1/34 | &nbsp;&nbsp; 5683000 | &nbsp;&nbsp;&nbsp;&nbsp; 5899435 |
| &nbsp;&nbsp;&nbsp; Illumina Inc, 5.8000%, 12/12/25 | &nbsp;&nbsp; 3833000 | &nbsp;&nbsp;&nbsp;&nbsp; 3838142 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc, 3.0000%, <br> 5/15/32<br>| &nbsp;&nbsp; 4058000 | &nbsp;&nbsp;&nbsp;&nbsp; 3630588 |
| &nbsp;&nbsp;&nbsp; Organon & Co / Organon Foreign Debt Co-Issuer BV, 6.7500%, 5/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 5728000 | &nbsp;&nbsp;&nbsp;&nbsp; 5492502 |
| &nbsp;&nbsp;&nbsp; Organon & Co / Organon Foreign Debt Co-Issuer BV, 7.8750%, 5/15/34<sup>ž,#</sup> <br>| &nbsp;&nbsp; 7626000 | &nbsp;&nbsp;&nbsp;&nbsp; 7064734 |
| &nbsp;&nbsp;&nbsp; Royalty Pharma PLC, 3.5500%, 9/2/50 | &nbsp;&nbsp; 3923000 | &nbsp;&nbsp;&nbsp;&nbsp; 2756186 |
| &nbsp;&nbsp;&nbsp; Solventum Corp, 5.4500%, 3/13/31 | 10557000 | &nbsp;&nbsp; 11008858 |
| &nbsp;&nbsp;&nbsp; Solventum Corp, 5.6000%, 3/23/34 | 13920000 | &nbsp;&nbsp; 14492521 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Co LLC, 6.1500%, 2/1/36<sup>#</sup> <br>| &nbsp;&nbsp; 2845000 | &nbsp;&nbsp;&nbsp;&nbsp; 2978943 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands III BV, 6.0000%, 12/1/32 | &nbsp;&nbsp; 5206000 | &nbsp;&nbsp;&nbsp;&nbsp; 5421976 |
| &nbsp;&nbsp;&nbsp; Teva Pharmaceutical Finance Netherlands IV BV, 5.7500%, 12/1/30 | &nbsp;&nbsp; 4167000 | &nbsp;&nbsp;&nbsp;&nbsp; 4291631 |
| &nbsp;&nbsp;&nbsp; Universal Health Services Inc, 2.6500%, 10/15/30 | 10551000 | &nbsp;&nbsp;&nbsp;&nbsp; 9525577 |
|  |  | 115722908 |
| Electric – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; American Electric Power Co Inc, 5.6250%, 3/1/33 | &nbsp;&nbsp; 7210000 | &nbsp;&nbsp;&nbsp;&nbsp; 7579111 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp, 5.4500%, 6/15/34 | 12350000 | &nbsp;&nbsp; 12845831 |
| &nbsp;&nbsp;&nbsp; Duquesne Light Holdings Inc, 2.7750%, 1/7/32<sup>ž</sup> <br>| &nbsp;&nbsp; 4842000 | &nbsp;&nbsp;&nbsp;&nbsp; 4289133 |
| &nbsp;&nbsp;&nbsp; Exelon Corp, 5.4500%, 3/15/34 | &nbsp;&nbsp; 6072000 | &nbsp;&nbsp;&nbsp;&nbsp; 6302115 |
| &nbsp;&nbsp;&nbsp; National Grid PLC, 5.8090%, 6/12/33 | &nbsp;&nbsp; 5522000 | &nbsp;&nbsp;&nbsp;&nbsp; 5886744 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 4.7340%, 10/15/30<sup>ž</sup> <br>| &nbsp;&nbsp; 7282000 | &nbsp;&nbsp;&nbsp;&nbsp; 7279695 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 5.7500%, 1/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 3913000 | &nbsp;&nbsp;&nbsp;&nbsp; 3909006 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 5.4070%, 10/15/35<sup>ž</sup> <br>| &nbsp;&nbsp; 4975000 | &nbsp;&nbsp;&nbsp;&nbsp; 4991920 |
| &nbsp;&nbsp;&nbsp; NRG Energy Inc, 6.0000%, 1/15/36<sup>ž</sup> <br>| &nbsp;&nbsp; 7330000 | &nbsp;&nbsp;&nbsp;&nbsp; 7331053 |
| &nbsp;&nbsp;&nbsp; Xcel Energy Inc, 5.6000%, 4/15/35 | &nbsp;&nbsp; 4187000 | &nbsp;&nbsp;&nbsp;&nbsp; 4340401 |
|  |  | &nbsp;&nbsp; 64755009 |
| Energy – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Cheniere Energy Inc, 5.6500%, 4/15/34 | &nbsp;&nbsp; 7295000 | &nbsp;&nbsp;&nbsp;&nbsp; 7519980 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.6250%, 11/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 1877000 | &nbsp;&nbsp;&nbsp;&nbsp; 1943942 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 8.7500%, 7/1/31<sup>ž</sup> <br>| &nbsp;&nbsp; 3479000 | &nbsp;&nbsp;&nbsp;&nbsp; 3564274 |
| &nbsp;&nbsp;&nbsp; Civitas Resources Inc, 9.6250%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 6746000 | &nbsp;&nbsp;&nbsp;&nbsp; 7125173 |
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Operating Company LLC, 6.0360%, 11/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 4304000 | &nbsp;&nbsp;&nbsp;&nbsp; 4592524 |
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Operating Company LLC, 6.4970%, 8/15/43<sup>ž</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 868000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925761 |
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Operating Company LLC, 6.5440%, 11/15/53<sup>ž</sup> <br>| &nbsp;&nbsp; 4489000 | &nbsp;&nbsp;&nbsp;&nbsp; 4815179 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.1250%, 6/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 8843000 | &nbsp;&nbsp;&nbsp;&nbsp; 8627798 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.3750%, 6/15/31<sup>ž</sup> <br>| 14397000 | &nbsp;&nbsp; 13913750 |
| &nbsp;&nbsp;&nbsp; DT Midstream Inc, 4.3000%, 4/15/32<sup>ž</sup> <br>| &nbsp;&nbsp; 2519000 | &nbsp;&nbsp;&nbsp;&nbsp; 2409311 |
| &nbsp;&nbsp;&nbsp; Hess Midstream Operations LP, 5.1250%, 6/15/28<sup>ž</sup> <br>| &nbsp;&nbsp; 3621000 | &nbsp;&nbsp;&nbsp;&nbsp; 3616909 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 5.2000%, 8/1/29 | &nbsp;&nbsp; 3246000 | &nbsp;&nbsp;&nbsp;&nbsp; 3293710 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 8.8750%, 7/15/30 | &nbsp;&nbsp; 3602000 | &nbsp;&nbsp;&nbsp;&nbsp; 4161531 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 6.6250%, 9/1/30 | &nbsp;&nbsp; 2536000 | &nbsp;&nbsp;&nbsp;&nbsp; 2717129 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 6.1250%, 1/1/31 | &nbsp;&nbsp; 4546000 | &nbsp;&nbsp;&nbsp;&nbsp; 4788602 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp, 5.3750%, 1/1/32 | &nbsp;&nbsp; 7465000 | &nbsp;&nbsp;&nbsp;&nbsp; 7591771 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 7.0000%, 5/1/29<sup>ž</sup> <br>| &nbsp;&nbsp; 7825000 | &nbsp;&nbsp;&nbsp;&nbsp; 8102052 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Corporate Bonds – (continued) |  |  |
| Energy – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 5.6250%, 3/15/31<sup>ž</sup> <br>| $2711000 | &nbsp;&nbsp;&nbsp;&nbsp; $2691001 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 7.2500%, 5/1/32<sup>ž</sup> <br>| &nbsp;&nbsp; 4408000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4626112 |
| &nbsp;&nbsp;&nbsp; Sunoco LP, 5.8750%, 3/15/34<sup>ž</sup> <br>| &nbsp;&nbsp; 4599000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4559181 |
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, 4.9000%, 8/1/30 | &nbsp;&nbsp; 2159000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2175099 |
| &nbsp;&nbsp;&nbsp; Viper Energy Partners LLC, 5.7000%, 8/1/35 | &nbsp;&nbsp; 5742000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5838006 |
|  |  | &nbsp;&nbsp; 109598795 |
| Finance Companies – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; Blackstone Private Credit Fund, 7.3000%, 11/27/28 | &nbsp;&nbsp; 5166000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5518178 |
| &nbsp;&nbsp;&nbsp; Blue Owl Credit Income Corp, 7.9500%, 6/13/28 | &nbsp;&nbsp; 3051000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3267916 |
| &nbsp;&nbsp;&nbsp; OWL Rock Core Income Corp, 4.7000%, 2/8/27 | &nbsp;&nbsp;&nbsp;&nbsp; 877000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 875486 |
| &nbsp;&nbsp;&nbsp; Rocket Cos Inc, 6.1250%, 8/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 3459000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3550041 |
| &nbsp;&nbsp;&nbsp; Rocket Cos Inc, 6.3750%, 8/1/33<sup>ž</sup> <br>| 14496000 | &nbsp;&nbsp;&nbsp;&nbsp; 14961525 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28173146 |
| Insurance – 1.0% |  |  |
| &nbsp;&nbsp;&nbsp; Aon North America Inc, 5.4500%, 3/1/34 | 15757000 | &nbsp;&nbsp;&nbsp;&nbsp; 16414134 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co, 5.0000%, 2/15/32 | &nbsp;&nbsp; 1133000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1155973 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co, 6.5000%, 2/15/34 | &nbsp;&nbsp; 3511000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3892952 |
| &nbsp;&nbsp;&nbsp; Arthur J Gallagher & Co, 5.1500%, 2/15/35 | &nbsp;&nbsp; 2833000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2866496 |
| &nbsp;&nbsp;&nbsp; Athene Global Funding, 2.6460%, 10/4/31<sup>ž</sup> <br>| &nbsp;&nbsp; 5823000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5186097 |
| &nbsp;&nbsp;&nbsp; Brown & Brown Inc, 4.9000%, 6/23/30 | &nbsp;&nbsp; 2159000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2188010 |
| &nbsp;&nbsp;&nbsp; Brown & Brown Inc, 5.2500%, 6/23/32 | &nbsp;&nbsp;&nbsp;&nbsp; 949000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 973028 |
| &nbsp;&nbsp;&nbsp; Brown & Brown Inc, 5.5500%, 6/23/35 | &nbsp;&nbsp; 1008000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1036881 |
| &nbsp;&nbsp;&nbsp; Brown & Brown Inc, 4.9500%, 3/17/52 | &nbsp;&nbsp; 5658000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4983303 |
| &nbsp;&nbsp;&nbsp; Centene Corp, 4.2500%, 12/15/27 | 16441000 | &nbsp;&nbsp;&nbsp;&nbsp; 16145347 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp, 5.2000%, 6/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 5028000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5165281 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp, 2.2000%, 6/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 4729000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4275440 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp, 5.4500%, 6/15/34<sup>ž</sup> <br>| 11338000 | &nbsp;&nbsp;&nbsp;&nbsp; 11644122 |
| &nbsp;&nbsp;&nbsp; Humana Inc, 5.8750%, 3/1/33 | &nbsp;&nbsp; 1812000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1906411 |
| &nbsp;&nbsp;&nbsp; Humana Inc, 5.9500%, 3/15/34 | &nbsp;&nbsp; 4950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5206216 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group Inc, 4.9500%, 1/15/32 | 11384000 | &nbsp;&nbsp;&nbsp;&nbsp; 11664399 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 94704090 |
| Professional Services – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Inc, 5.9500%, 8/4/33<sup>#</sup> <br>| &nbsp;&nbsp; 7687000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8072515 |
| &nbsp;&nbsp;&nbsp; Booz Allen Hamilton Inc, 5.9500%, 4/15/35<sup>#</sup> <br>| 11859000 | &nbsp;&nbsp;&nbsp;&nbsp; 12363087 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 20435602 |
| Real Estate Investment Trusts (REITs) – 0.2% |  |  |
| &nbsp;&nbsp;&nbsp; American Tower Trust I, 5.4900%, 3/15/28<sup>ž</sup> <br>| 11317000 | &nbsp;&nbsp;&nbsp;&nbsp; 11503764 |
| &nbsp;&nbsp;&nbsp; Invitation Homes Inc, 2.0000%, 8/15/31 | &nbsp;&nbsp; 5620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4856050 |
| &nbsp;&nbsp;&nbsp; Sun Communities Operating LP, 2.7000%, 7/15/31 | &nbsp;&nbsp; 6161000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5572845 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21932659 |
| Technology – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom Inc, 4.9000%, 7/15/32 | &nbsp;&nbsp; 4382000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4482732 |
| &nbsp;&nbsp;&nbsp; Broadcom Inc, 5.2000%, 7/15/35 | 10269000 | &nbsp;&nbsp;&nbsp;&nbsp; 10583243 |
| &nbsp;&nbsp;&nbsp; Broadcom Inc, 4.8000%, 2/15/36 | 11650000 | &nbsp;&nbsp;&nbsp;&nbsp; 11614458 |
| &nbsp;&nbsp;&nbsp; Broadcom Inc, 4.9000%, 2/15/38 | &nbsp;&nbsp; 8339000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8294321 |
| &nbsp;&nbsp;&nbsp; CACI International Inc, 6.3750%, 6/15/33<sup>ž</sup> <br>| &nbsp;&nbsp; 2923000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3015223 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems Inc, 4.7000%, 9/10/34 | &nbsp;&nbsp; 5006000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4997913 |
| &nbsp;&nbsp;&nbsp; Constellation Software Inc/Canada, 5.1580%, 2/16/29<sup>ž</sup> <br>| &nbsp;&nbsp; 2126000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2171081 |
| &nbsp;&nbsp;&nbsp; Constellation Software Inc/Canada, 5.4610%, 2/16/34<sup>ž</sup> <br>| &nbsp;&nbsp; 6181000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6314286 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC, 5.8750%, 1/25/34<sup>ž</sup> <br>| &nbsp;&nbsp; 6784000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7067346 |
| &nbsp;&nbsp;&nbsp; Intel Corp, 2.4500%, 11/15/29 | &nbsp;&nbsp; 2286000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2122829 |
| &nbsp;&nbsp;&nbsp; Marvell Technology Inc, 1.6500%, 4/15/26 | &nbsp;&nbsp; 3675000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3621181 |
| &nbsp;&nbsp;&nbsp; Marvell Technology Inc, 4.7500%, 7/15/30 | &nbsp;&nbsp; 2522000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2554849 |
| &nbsp;&nbsp;&nbsp; Marvell Technology Inc, 5.4500%, 7/15/35<sup>#</sup> <br>| &nbsp;&nbsp; 6589000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6792817 |
| &nbsp;&nbsp;&nbsp; MSCI Inc, 4.0000%, 11/15/29<sup>ž</sup> <br>| &nbsp;&nbsp; 1463000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1429350 |
| &nbsp;&nbsp;&nbsp; MSCI Inc, 3.6250%, 9/1/30<sup>ž</sup> <br>| &nbsp;&nbsp; 8577000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8186395 |
| &nbsp;&nbsp;&nbsp; MSCI Inc, 3.8750%, 2/15/31<sup>ž</sup> <br>| &nbsp;&nbsp; 6019000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5767047 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 4.4500%, 9/26/30 | &nbsp;&nbsp; 2875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2873589 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 4.8000%, 9/26/32 | &nbsp;&nbsp; 5821000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5828000 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 5.2000%, 9/26/35 | &nbsp;&nbsp; 2854000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2869715 |
| &nbsp;&nbsp;&nbsp; Oracle Corp, 5.9500%, 9/26/55 | &nbsp;&nbsp; 2718000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2709639 |
| &nbsp;&nbsp;&nbsp; Synopsys Inc, 5.0000%, 4/1/32 | &nbsp;&nbsp; 5056000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5166711 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp, 4.7500%, 2/15/26 | &nbsp;&nbsp; 1521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1520112 |
| &nbsp;&nbsp;&nbsp; Workday Inc, 3.8000%, 4/1/32 | &nbsp;&nbsp; 4129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3942672 |
|  |  | &nbsp;&nbsp; 113925509 |
| Transportation – 0% |  |  |
| &nbsp;&nbsp;&nbsp; GXO Logistics Inc, 1.6500%, 7/15/26 | &nbsp;&nbsp; 4255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4166018 |
| Total Corporate Bonds (cost $1,063,316,759) |  | 1086152546 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – 6.7% |  |  |
| Fannie Mae: |  |  |
| &nbsp;&nbsp;&nbsp; 3.5000%, TBA, 30 Year Maturity | &nbsp;&nbsp; $830458 | &nbsp;&nbsp; $758934 |
| &nbsp;&nbsp;&nbsp; 5.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp;&nbsp;&nbsp; 372000 | &nbsp;&nbsp;&nbsp;&nbsp; 368916 |
|  |  | &nbsp;&nbsp; 1127850 |
| Fannie Mae Pool: |  |  |
| &nbsp;&nbsp;&nbsp; BO3223, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 172009 | &nbsp;&nbsp;&nbsp;&nbsp; 165997 |
| &nbsp;&nbsp;&nbsp; BO4725, 2.5000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 147740 | &nbsp;&nbsp;&nbsp;&nbsp; 140034 |
| &nbsp;&nbsp;&nbsp; BO7717, 3.0000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 73689 |
| &nbsp;&nbsp;&nbsp; BO5957, 3.0000%, 12/1/34 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 87492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84347 |
| &nbsp;&nbsp;&nbsp; FS3713, 2.5000%, 12/1/36 | &nbsp;&nbsp; 9248775 | &nbsp;&nbsp; 8753743 |
| &nbsp;&nbsp;&nbsp; 995757, 6.0000%, 2/1/37 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42334 |
| &nbsp;&nbsp;&nbsp; AL6997, 4.5000%, 11/1/42 | &nbsp;&nbsp;&nbsp;&nbsp; 218745 | &nbsp;&nbsp;&nbsp;&nbsp; 218238 |
| &nbsp;&nbsp;&nbsp; AB7563, 3.0000%, 1/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 146624 | &nbsp;&nbsp;&nbsp;&nbsp; 134717 |
| &nbsp;&nbsp;&nbsp; MA1363, 3.0000%, 2/1/43 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30170 |
| &nbsp;&nbsp;&nbsp; AT2957, 3.0000%, 5/1/43 | &nbsp;&nbsp;&nbsp;&nbsp; 328056 | &nbsp;&nbsp;&nbsp;&nbsp; 300285 |
| &nbsp;&nbsp;&nbsp; AL5942, 5.0000%, 7/1/44 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 25386 |
| &nbsp;&nbsp;&nbsp; AL5887, 4.5000%, 10/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 515417 | &nbsp;&nbsp;&nbsp;&nbsp; 513995 |
| &nbsp;&nbsp;&nbsp; AL6542, 4.5000%, 3/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 853219 | &nbsp;&nbsp;&nbsp;&nbsp; 850865 |
| &nbsp;&nbsp;&nbsp; AL6842, 4.0000%, 5/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 192634 | &nbsp;&nbsp;&nbsp;&nbsp; 185952 |
| &nbsp;&nbsp;&nbsp; AL7381, 4.5000%, 6/1/45 | &nbsp;&nbsp;&nbsp;&nbsp; 442666 | &nbsp;&nbsp;&nbsp;&nbsp; 440297 |
| &nbsp;&nbsp;&nbsp; BM3912, 3.0000%, 3/1/47 | &nbsp;&nbsp; 1076648 | &nbsp;&nbsp;&nbsp;&nbsp; 976907 |
| &nbsp;&nbsp;&nbsp; CA0108, 3.5000%, 8/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 182227 | &nbsp;&nbsp;&nbsp;&nbsp; 171195 |
| &nbsp;&nbsp;&nbsp; BH1902, 3.5000%, 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 71990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67632 |
| &nbsp;&nbsp;&nbsp; BM3282, 3.5000%, 12/1/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54159 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 50880 |
| &nbsp;&nbsp;&nbsp; BJ4559, 3.5000%, 1/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 515675 | &nbsp;&nbsp;&nbsp;&nbsp; 482821 |
| &nbsp;&nbsp;&nbsp; BJ4566, 4.0000%, 1/1/48 | &nbsp;&nbsp; 1925362 | &nbsp;&nbsp; 1861809 |
| &nbsp;&nbsp;&nbsp; BJ4567, 4.0000%, 1/1/48 | &nbsp;&nbsp; 1901642 | &nbsp;&nbsp; 1836646 |
| &nbsp;&nbsp;&nbsp; CA4646, 3.0000%, 2/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 564633 | &nbsp;&nbsp;&nbsp;&nbsp; 512748 |
| &nbsp;&nbsp;&nbsp; BJ5170, 3.5000%, 3/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 97830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 91811 |
| &nbsp;&nbsp;&nbsp; BK1964, 4.0000%, 3/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 565966 | &nbsp;&nbsp;&nbsp;&nbsp; 546970 |
| &nbsp;&nbsp;&nbsp; BK3211, 4.5000%, 3/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 23192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22855 |
| &nbsp;&nbsp;&nbsp; BJ9181, 5.0000%, 5/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 496582 | &nbsp;&nbsp;&nbsp;&nbsp; 501698 |
| &nbsp;&nbsp;&nbsp; BN0012, 4.5000%, 8/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12760 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12575 |
| &nbsp;&nbsp;&nbsp; MA3521, 4.0000%, 11/1/48 | &nbsp;&nbsp; 1526228 | &nbsp;&nbsp; 1460502 |
| &nbsp;&nbsp;&nbsp; BN3899, 4.0000%, 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 224459 | &nbsp;&nbsp;&nbsp;&nbsp; 214793 |
| &nbsp;&nbsp;&nbsp; FM3664, 4.0000%, 3/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 794663 | &nbsp;&nbsp;&nbsp;&nbsp; 760442 |
| &nbsp;&nbsp;&nbsp; CA3683, 4.5000%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86835 |
| &nbsp;&nbsp;&nbsp; BJ8459, 3.0000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 699244 | &nbsp;&nbsp;&nbsp;&nbsp; 615491 |
| &nbsp;&nbsp;&nbsp; CA4035, 4.5000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 139184 | &nbsp;&nbsp;&nbsp;&nbsp; 136850 |
| &nbsp;&nbsp;&nbsp; MA3774, 3.0000%, 9/1/49 | &nbsp;&nbsp; 3912063 | &nbsp;&nbsp; 3486758 |
| &nbsp;&nbsp;&nbsp; BO2983, 3.0000%, 9/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 150615 | &nbsp;&nbsp;&nbsp;&nbsp; 135902 |
| &nbsp;&nbsp;&nbsp; MA3908, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 193642 | &nbsp;&nbsp;&nbsp;&nbsp; 190407 |
| &nbsp;&nbsp;&nbsp; CA5573, 4.0000%, 4/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 595831 | &nbsp;&nbsp;&nbsp;&nbsp; 567825 |
| &nbsp;&nbsp;&nbsp; MA4079, 3.0000%, 7/1/50 | &nbsp;&nbsp; 2037993 | &nbsp;&nbsp; 1813011 |
| &nbsp;&nbsp;&nbsp; BM7069, 4.5000%, 7/1/50 | &nbsp;&nbsp; 4224743 | &nbsp;&nbsp; 4071031 |
| &nbsp;&nbsp;&nbsp; CA6635, 2.5000%, 8/1/50 | 18305518 | 15789601 |
| &nbsp;&nbsp;&nbsp; BK2913, 2.5000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 506940 | &nbsp;&nbsp;&nbsp;&nbsp; 438143 |
| &nbsp;&nbsp;&nbsp; FM5076, 4.0000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 523764 | &nbsp;&nbsp;&nbsp;&nbsp; 499145 |
| &nbsp;&nbsp;&nbsp; FS2713, 4.5000%, 10/1/50 | &nbsp;&nbsp; 3141585 | &nbsp;&nbsp; 3096051 |
| &nbsp;&nbsp;&nbsp; FS5362, 4.5000%, 12/1/50 | &nbsp;&nbsp; 4224172 | &nbsp;&nbsp; 4153593 |
| &nbsp;&nbsp;&nbsp; FS2546, 4.0000%, 3/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 121977 | &nbsp;&nbsp;&nbsp;&nbsp; 116724 |
| &nbsp;&nbsp;&nbsp; 20510401, 3.0000%, 4/1/51 | &nbsp;&nbsp;&nbsp;&nbsp; 535846 | &nbsp;&nbsp;&nbsp;&nbsp; 477031 |
| &nbsp;&nbsp;&nbsp; MA4378, 2.0000%, 7/1/51 | 18867488 | 15314656 |
| &nbsp;&nbsp;&nbsp; FS0359, 2.5000%, 1/1/52 | &nbsp;&nbsp; 3409974 | &nbsp;&nbsp; 2924332 |
| &nbsp;&nbsp;&nbsp; CB2681, 3.5000%, 1/1/52 | &nbsp;&nbsp; 1635175 | &nbsp;&nbsp; 1520623 |
| &nbsp;&nbsp;&nbsp; FS0662, 2.5000%, 2/1/52 | 16405636 | 14059024 |
| &nbsp;&nbsp;&nbsp; FS5130, 2.5000%, 2/1/52 | 16005562 | 13705901 |
| &nbsp;&nbsp;&nbsp; CB2750, 2.5000%, 2/1/52 | &nbsp;&nbsp; 8609445 | &nbsp;&nbsp; 7316442 |
| &nbsp;&nbsp;&nbsp; CB2891, 3.0000%, 2/1/52 | 11268743 | 10042170 |
| &nbsp;&nbsp;&nbsp; BV2802, 3.0000%, 2/1/52 | &nbsp;&nbsp; 1488699 | &nbsp;&nbsp; 1322051 |
| &nbsp;&nbsp;&nbsp; CB2907, 3.5000%, 2/1/52 | &nbsp;&nbsp; 4463484 | &nbsp;&nbsp; 4150448 |
| &nbsp;&nbsp;&nbsp; CB3043, 2.5000%, 3/1/52 | &nbsp;&nbsp; 6901386 | &nbsp;&nbsp; 5914233 |
| &nbsp;&nbsp;&nbsp; FS1081, 2.5000%, 3/1/52 | &nbsp;&nbsp; 6760953 | &nbsp;&nbsp; 5769437 |
| &nbsp;&nbsp;&nbsp; FS5988, 2.5000%, 3/1/52 | &nbsp;&nbsp; 6733985 | &nbsp;&nbsp; 5756031 |
| &nbsp;&nbsp;&nbsp; CB3042, 2.5000%, 3/1/52 | &nbsp;&nbsp; 2536335 | &nbsp;&nbsp; 2175842 |
| &nbsp;&nbsp;&nbsp; BT2256, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 610635 | &nbsp;&nbsp;&nbsp;&nbsp; 521036 |
| &nbsp;&nbsp;&nbsp; BV2965, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 502402 | &nbsp;&nbsp;&nbsp;&nbsp; 428723 |
| &nbsp;&nbsp;&nbsp; BV5152, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 466455 | &nbsp;&nbsp;&nbsp;&nbsp; 399735 |
| &nbsp;&nbsp;&nbsp; BV2962, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 204049 | &nbsp;&nbsp;&nbsp;&nbsp; 174311 |
| &nbsp;&nbsp;&nbsp; BV4144, 3.0000%, 3/1/52 | &nbsp;&nbsp; 3059659 | &nbsp;&nbsp; 2720640 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Fannie Mae Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; CB3123, 3.5000%, 3/1/52 | $15797025 | $14668641 |
| &nbsp;&nbsp;&nbsp; FS1184, 3.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 3027125 | &nbsp;&nbsp;&nbsp;&nbsp; 2814424 |
| &nbsp;&nbsp;&nbsp; CB3240, 3.0000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 7059411 | &nbsp;&nbsp;&nbsp;&nbsp; 6279053 |
| &nbsp;&nbsp;&nbsp; BV5379, 3.0000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 2720708 | &nbsp;&nbsp;&nbsp;&nbsp; 2430416 |
| &nbsp;&nbsp;&nbsp; BV5380, 3.0000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 2328362 | &nbsp;&nbsp;&nbsp;&nbsp; 2070111 |
| &nbsp;&nbsp;&nbsp; BV5394, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 2194804 | &nbsp;&nbsp;&nbsp;&nbsp; 2036455 |
| &nbsp;&nbsp;&nbsp; FS1869, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1731666 | &nbsp;&nbsp;&nbsp;&nbsp; 1607973 |
| &nbsp;&nbsp;&nbsp; BV5393, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1209821 | &nbsp;&nbsp;&nbsp;&nbsp; 1123888 |
| &nbsp;&nbsp;&nbsp; FS1301, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1171600 | &nbsp;&nbsp;&nbsp;&nbsp; 1080930 |
| &nbsp;&nbsp;&nbsp; BV8485, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 755499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700992 |
| &nbsp;&nbsp;&nbsp; BV4203, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 420338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 390513 |
| &nbsp;&nbsp;&nbsp; BV8484, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376506 |
| &nbsp;&nbsp;&nbsp; BV6879, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 345344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 336874 |
| &nbsp;&nbsp;&nbsp; BV7632, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 312069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 304415 |
| &nbsp;&nbsp;&nbsp; BW0081, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 190406 |
| &nbsp;&nbsp;&nbsp; BV7132, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134052 |
| &nbsp;&nbsp;&nbsp; BW0072, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 115922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 113060 |
| &nbsp;&nbsp;&nbsp; BV7131, 4.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109773 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107064 |
| &nbsp;&nbsp;&nbsp; FS6926, 2.5000%, 5/1/52 | &nbsp;&nbsp; 17255345 | &nbsp;&nbsp; 14765715 |
| &nbsp;&nbsp;&nbsp; CB3501, 3.5000%, 5/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1956472 | &nbsp;&nbsp;&nbsp;&nbsp; 1803693 |
| &nbsp;&nbsp;&nbsp; BV8544, 3.5000%, 5/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1205883 | &nbsp;&nbsp;&nbsp;&nbsp; 1118792 |
| &nbsp;&nbsp;&nbsp; FS3377, 4.0000%, 5/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 2831254 | &nbsp;&nbsp;&nbsp;&nbsp; 2709328 |
| &nbsp;&nbsp;&nbsp; BW0343, 4.5000%, 5/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 550157 |
| &nbsp;&nbsp;&nbsp; FS3160, 3.0000%, 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1541934 | &nbsp;&nbsp;&nbsp;&nbsp; 1368968 |
| &nbsp;&nbsp;&nbsp; CB3837, 3.5000%, 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 7552379 | &nbsp;&nbsp;&nbsp;&nbsp; 7011161 |
| &nbsp;&nbsp;&nbsp; FS2144, 3.5000%, 6/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 4353404 | &nbsp;&nbsp;&nbsp;&nbsp; 4046502 |
| &nbsp;&nbsp;&nbsp; FS5491, 3.0000%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 6666077 | &nbsp;&nbsp;&nbsp;&nbsp; 5918314 |
| &nbsp;&nbsp;&nbsp; FS5339, 3.0000%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 4003918 | &nbsp;&nbsp;&nbsp;&nbsp; 3555246 |
| &nbsp;&nbsp;&nbsp; CB4076, 3.5000%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1068644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 992063 |
| &nbsp;&nbsp;&nbsp; CB4329, 3.5000%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 381845 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 354897 |
| &nbsp;&nbsp;&nbsp; BW0972, 4.5000%, 7/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 2099369 | &nbsp;&nbsp;&nbsp;&nbsp; 2052000 |
| &nbsp;&nbsp;&nbsp; CB4320, 3.5000%, 8/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 699639 |
| &nbsp;&nbsp;&nbsp; BW7369, 5.0000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 1901801 | &nbsp;&nbsp;&nbsp;&nbsp; 1908462 |
| &nbsp;&nbsp;&nbsp; BW1288, 5.0000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 849669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851286 |
| &nbsp;&nbsp;&nbsp; BT8021, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1081971 | &nbsp;&nbsp;&nbsp;&nbsp; 1085501 |
| &nbsp;&nbsp;&nbsp; BX5759, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380390 |
| &nbsp;&nbsp;&nbsp; BX5969, 5.0000%, 2/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 454821 |
| &nbsp;&nbsp;&nbsp; BX8071, 5.0000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228931 |
| &nbsp;&nbsp;&nbsp; BX7860, 5.5000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164462 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 168183 |
| &nbsp;&nbsp;&nbsp; BX9351, 5.0000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 504511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505163 |
| &nbsp;&nbsp;&nbsp; BY0782, 5.5000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 93891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96135 |
| &nbsp;&nbsp;&nbsp; BY1920, 5.0000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274956 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275292 |
| &nbsp;&nbsp;&nbsp; BY1896, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175530 |
| &nbsp;&nbsp;&nbsp; BY0866, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 88749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90435 |
| &nbsp;&nbsp;&nbsp; BY3263, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 391120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 392040 |
| &nbsp;&nbsp;&nbsp; BY2783, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 302897 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303247 |
| &nbsp;&nbsp;&nbsp; BY4284, 5.5000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166018 |
| &nbsp;&nbsp;&nbsp; CB6686, 4.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 2024348 | &nbsp;&nbsp;&nbsp;&nbsp; 1989413 |
| &nbsp;&nbsp;&nbsp; BY6374, 5.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437332 |
| &nbsp;&nbsp;&nbsp; BY7004, 5.5000%, 7/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224680 |
| &nbsp;&nbsp;&nbsp; CB6851, 4.5000%, 8/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 1735424 | &nbsp;&nbsp;&nbsp;&nbsp; 1705386 |
| &nbsp;&nbsp;&nbsp; BY6690, 5.0000%, 8/1/53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326196 |
| &nbsp;&nbsp;&nbsp; CB7112, 5.5000%, 9/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 7591116 | &nbsp;&nbsp;&nbsp;&nbsp; 7770247 |
| &nbsp;&nbsp;&nbsp; CB7430, 5.5000%, 11/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 2497798 | &nbsp;&nbsp;&nbsp;&nbsp; 2567912 |
| &nbsp;&nbsp;&nbsp; FS8037, 6.0000%, 1/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 2339869 | &nbsp;&nbsp;&nbsp;&nbsp; 2434925 |
| &nbsp;&nbsp;&nbsp; CB8134, 5.5000%, 3/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 4679708 | &nbsp;&nbsp;&nbsp;&nbsp; 4806668 |
| &nbsp;&nbsp;&nbsp; FS7607, 6.0000%, 3/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 2038111 | &nbsp;&nbsp;&nbsp;&nbsp; 2113013 |
| &nbsp;&nbsp;&nbsp; FS7643, 6.0000%, 4/1/54 | &nbsp;&nbsp;&nbsp;&nbsp; 5001852 | &nbsp;&nbsp;&nbsp;&nbsp; 5202047 |
| &nbsp;&nbsp;&nbsp; CB8543, 6.0000%, 5/1/54 | &nbsp;&nbsp; 13378249 | &nbsp;&nbsp; 13868385 |
| &nbsp;&nbsp;&nbsp; 20550801, 6.0000%, 8/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 3687381 | &nbsp;&nbsp;&nbsp;&nbsp; 3795915 |
| &nbsp;&nbsp;&nbsp; BF0130, 3.5000%, 8/1/56 | &nbsp;&nbsp;&nbsp;&nbsp; 2366170 | &nbsp;&nbsp;&nbsp;&nbsp; 2168099 |
| &nbsp;&nbsp;&nbsp; BF0167, 3.0000%, 2/1/57 | &nbsp;&nbsp;&nbsp;&nbsp; 2379024 | &nbsp;&nbsp;&nbsp;&nbsp; 2074429 |
| &nbsp;&nbsp;&nbsp; BF0189, 3.0000%, 6/1/57 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43673 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37883 |
| &nbsp;&nbsp;&nbsp; BF0619, 2.5000%, 3/1/62 | &nbsp;&nbsp; 18209478 | &nbsp;&nbsp; 14920549 |
| &nbsp;&nbsp;&nbsp; BF0598, 2.5000%, 3/1/62 | &nbsp;&nbsp;&nbsp;&nbsp; 5719176 | &nbsp;&nbsp;&nbsp;&nbsp; 4780631 |
|  |  | 313439758 |
| Freddie Mac Gold Pool: |  |  |
| &nbsp;&nbsp;&nbsp; Q58477, 4.0000%, 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 446894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428179 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Freddie Mac Pool: |  |  |
| &nbsp;&nbsp;&nbsp; ZS7403, 3.0000%, 5/1/31 | $1588148 | $1553947 |
| &nbsp;&nbsp;&nbsp; ZK8962, 3.0000%, 9/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 388829 | &nbsp;&nbsp;&nbsp;&nbsp; 377916 |
| &nbsp;&nbsp;&nbsp; ZK9009, 3.0000%, 10/1/32 | &nbsp;&nbsp;&nbsp;&nbsp; 201133 | &nbsp;&nbsp;&nbsp;&nbsp; 195232 |
| &nbsp;&nbsp;&nbsp; ZK9163, 3.0000%, 1/1/33 | &nbsp;&nbsp;&nbsp;&nbsp; 252920 | &nbsp;&nbsp;&nbsp;&nbsp; 245615 |
| &nbsp;&nbsp;&nbsp; SB0040, 2.5000%, 12/1/33 | &nbsp;&nbsp; 1760327 | &nbsp;&nbsp; 1697013 |
| &nbsp;&nbsp;&nbsp; QN0786, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 474571 | &nbsp;&nbsp;&nbsp;&nbsp; 457990 |
| &nbsp;&nbsp;&nbsp; QN0783, 3.0000%, 10/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 209039 | &nbsp;&nbsp;&nbsp;&nbsp; 201546 |
| &nbsp;&nbsp;&nbsp; SB0116, 2.5000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 562773 | &nbsp;&nbsp;&nbsp;&nbsp; 533759 |
| &nbsp;&nbsp;&nbsp; QN0951, 2.5000%, 11/1/34 | &nbsp;&nbsp;&nbsp;&nbsp; 143018 | &nbsp;&nbsp;&nbsp;&nbsp; 135551 |
| &nbsp;&nbsp;&nbsp; SB0866, 2.5000%, 6/1/37 | &nbsp;&nbsp; 6898485 | &nbsp;&nbsp; 6489858 |
| &nbsp;&nbsp;&nbsp; ZS3695, 6.0000%, 4/1/40 | &nbsp;&nbsp;&nbsp;&nbsp; 567467 | &nbsp;&nbsp;&nbsp;&nbsp; 598574 |
| &nbsp;&nbsp;&nbsp; ZT1145, 4.5000%, 5/1/44 | &nbsp;&nbsp;&nbsp;&nbsp; 158306 | &nbsp;&nbsp;&nbsp;&nbsp; 157458 |
| &nbsp;&nbsp;&nbsp; ZT1257, 3.0000%, 1/1/46 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90534 |
| &nbsp;&nbsp;&nbsp; ZM1434, 3.5000%, 7/1/46 | &nbsp;&nbsp;&nbsp;&nbsp; 425735 | &nbsp;&nbsp;&nbsp;&nbsp; 399593 |
| &nbsp;&nbsp;&nbsp; ZT1633, 4.0000%, 3/1/47 | &nbsp;&nbsp;&nbsp;&nbsp; 209295 | &nbsp;&nbsp;&nbsp;&nbsp; 202184 |
| &nbsp;&nbsp;&nbsp; ZT0534, 3.5000%, 12/1/47 | &nbsp;&nbsp; 1308357 | &nbsp;&nbsp; 1223826 |
| &nbsp;&nbsp;&nbsp; ZM5707, 3.5000%, 2/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 470501 | &nbsp;&nbsp;&nbsp;&nbsp; 438882 |
| &nbsp;&nbsp;&nbsp; ZM5945, 4.0000%, 3/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 457939 | &nbsp;&nbsp;&nbsp;&nbsp; 442568 |
| &nbsp;&nbsp;&nbsp; ZM5865, 4.5000%, 3/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21038 |
| &nbsp;&nbsp;&nbsp; ZM6276, 4.0000%, 4/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 518950 | &nbsp;&nbsp;&nbsp;&nbsp; 500882 |
| &nbsp;&nbsp;&nbsp; ZM6220, 4.0000%, 4/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 494250 | &nbsp;&nbsp;&nbsp;&nbsp; 472966 |
| &nbsp;&nbsp;&nbsp; ZM6427, 4.0000%, 5/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 861915 | &nbsp;&nbsp;&nbsp;&nbsp; 824797 |
| &nbsp;&nbsp;&nbsp; ZM7182, 4.5000%, 7/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 142463 | &nbsp;&nbsp;&nbsp;&nbsp; 140398 |
| &nbsp;&nbsp;&nbsp; ZM7926, 5.0000%, 9/1/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29074 |
| &nbsp;&nbsp;&nbsp; ZT1320, 4.0000%, 11/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 137055 | &nbsp;&nbsp;&nbsp;&nbsp; 131153 |
| &nbsp;&nbsp;&nbsp; SI2017, 4.0000%, 12/1/48 | &nbsp;&nbsp; 1668672 | &nbsp;&nbsp; 1596764 |
| &nbsp;&nbsp;&nbsp; ZN2165, 4.5000%, 12/1/48 | &nbsp;&nbsp;&nbsp;&nbsp; 443545 | &nbsp;&nbsp;&nbsp;&nbsp; 440584 |
| &nbsp;&nbsp;&nbsp; ZA7158, 4.5000%, 6/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 127901 | &nbsp;&nbsp;&nbsp;&nbsp; 125455 |
| &nbsp;&nbsp;&nbsp; RA1087, 4.5000%, 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 882889 | &nbsp;&nbsp;&nbsp;&nbsp; 866003 |
| &nbsp;&nbsp;&nbsp; RA1088, 4.5000%, 7/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 165252 | &nbsp;&nbsp;&nbsp;&nbsp; 162482 |
| &nbsp;&nbsp;&nbsp; QA2159, 3.0000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 201174 | &nbsp;&nbsp;&nbsp;&nbsp; 177078 |
| &nbsp;&nbsp;&nbsp; RA1188, 4.5000%, 8/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 868660 | &nbsp;&nbsp;&nbsp;&nbsp; 852045 |
| &nbsp;&nbsp;&nbsp; QA4936, 3.0000%, 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 250864 | &nbsp;&nbsp;&nbsp;&nbsp; 223591 |
| &nbsp;&nbsp;&nbsp; QA5622, 3.0000%, 12/1/49 | &nbsp;&nbsp;&nbsp;&nbsp; 174163 | &nbsp;&nbsp;&nbsp;&nbsp; 155228 |
| &nbsp;&nbsp;&nbsp; RA1999, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 608746 | &nbsp;&nbsp;&nbsp;&nbsp; 597103 |
| &nbsp;&nbsp;&nbsp; SD8040, 4.5000%, 1/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 148919 | &nbsp;&nbsp;&nbsp;&nbsp; 146431 |
| &nbsp;&nbsp;&nbsp; QA8274, 3.5000%, 3/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 140094 | &nbsp;&nbsp;&nbsp;&nbsp; 128765 |
| &nbsp;&nbsp;&nbsp; SD1551, 4.0000%, 3/1/50 | &nbsp;&nbsp; 1658750 | &nbsp;&nbsp; 1587317 |
| &nbsp;&nbsp;&nbsp; SE9056, 4.5000%, 3/1/50 | &nbsp;&nbsp; 1846021 | &nbsp;&nbsp; 1774615 |
| &nbsp;&nbsp;&nbsp; QB1708, 2.5000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 252087 | &nbsp;&nbsp;&nbsp;&nbsp; 217954 |
| &nbsp;&nbsp;&nbsp; QB2976, 2.5000%, 8/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 107509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92919 |
| &nbsp;&nbsp;&nbsp; QB3353, 2.5000%, 9/1/50 | &nbsp;&nbsp;&nbsp;&nbsp; 480029 | &nbsp;&nbsp;&nbsp;&nbsp; 414736 |
| &nbsp;&nbsp;&nbsp; SD1143, 4.5000%, 9/1/50 | &nbsp;&nbsp; 4694119 | &nbsp;&nbsp; 4626084 |
| &nbsp;&nbsp;&nbsp; RA5285, 2.5000%, 5/1/51 | 12266355 | 10454526 |
| &nbsp;&nbsp;&nbsp; SD1137, 2.5000%, 6/1/51 | &nbsp;&nbsp; 5698864 | &nbsp;&nbsp; 4905032 |
| &nbsp;&nbsp;&nbsp; QC5848, 2.5000%, 8/1/51 | 14287671 | 12168431 |
| &nbsp;&nbsp;&nbsp; RA5906, 2.5000%, 9/1/51 | &nbsp;&nbsp; 9982806 | &nbsp;&nbsp; 8545559 |
| &nbsp;&nbsp;&nbsp; SD0688, 2.5000%, 10/1/51 | 12600719 | 10774659 |
| &nbsp;&nbsp;&nbsp; SD7548, 2.5000%, 11/1/51 | &nbsp;&nbsp; 3886470 | &nbsp;&nbsp; 3338979 |
| &nbsp;&nbsp;&nbsp; QD6087, 2.5000%, 1/1/52 | &nbsp;&nbsp; 1058079 | &nbsp;&nbsp;&nbsp;&nbsp; 908156 |
| &nbsp;&nbsp;&nbsp; QD4842, 2.5000%, 1/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 674174 | &nbsp;&nbsp;&nbsp;&nbsp; 578439 |
| &nbsp;&nbsp;&nbsp; QD7069, 2.5000%, 2/1/52 | &nbsp;&nbsp; 1627352 | &nbsp;&nbsp; 1394580 |
| &nbsp;&nbsp;&nbsp; QD9513, 2.5000%, 2/1/52 | &nbsp;&nbsp; 1148757 | &nbsp;&nbsp;&nbsp;&nbsp; 978499 |
| &nbsp;&nbsp;&nbsp; QD6554, 3.0000%, 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 877774 | &nbsp;&nbsp;&nbsp;&nbsp; 780613 |
| &nbsp;&nbsp;&nbsp; QD6555, 3.0000%, 2/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 577485 | &nbsp;&nbsp;&nbsp;&nbsp; 515999 |
| &nbsp;&nbsp;&nbsp; SD0931, 2.5000%, 3/1/52 | &nbsp;&nbsp; 8741373 | &nbsp;&nbsp; 7463774 |
| &nbsp;&nbsp;&nbsp; QD8288, 2.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 270092 | &nbsp;&nbsp;&nbsp;&nbsp; 230482 |
| &nbsp;&nbsp;&nbsp; QD9182, 3.0000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 826376 | &nbsp;&nbsp;&nbsp;&nbsp; 738297 |
| &nbsp;&nbsp;&nbsp; QE0318, 4.5000%, 3/1/52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 92048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89790 |
| &nbsp;&nbsp;&nbsp; SD0943, 3.5000%, 4/1/52 | &nbsp;&nbsp; 1773659 | &nbsp;&nbsp; 1649268 |
| &nbsp;&nbsp;&nbsp; QE0354, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 878106 | &nbsp;&nbsp;&nbsp;&nbsp; 814753 |
| &nbsp;&nbsp;&nbsp; QE1072, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 868427 | &nbsp;&nbsp;&nbsp;&nbsp; 805772 |
| &nbsp;&nbsp;&nbsp; QE1073, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 255977 | &nbsp;&nbsp;&nbsp;&nbsp; 237795 |
| &nbsp;&nbsp;&nbsp; QD9191, 3.5000%, 4/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 197534 | &nbsp;&nbsp;&nbsp;&nbsp; 183518 |
| &nbsp;&nbsp;&nbsp; SD8212, 2.5000%, 5/1/52 | &nbsp;&nbsp; 4374092 | &nbsp;&nbsp; 3703342 |
| &nbsp;&nbsp;&nbsp; SD3493, 2.5000%, 5/1/52 | &nbsp;&nbsp; 3632862 | &nbsp;&nbsp; 3108648 |
| &nbsp;&nbsp;&nbsp; SD1041, 3.0000%, 6/1/52 | 11335800 | 10134074 |
| &nbsp;&nbsp;&nbsp; SD7023, 3.0000%, 6/1/52 | &nbsp;&nbsp; 5247566 | &nbsp;&nbsp; 4656974 |
| &nbsp;&nbsp;&nbsp; SD1840, 3.0000%, 6/1/52 | &nbsp;&nbsp; 3697909 | &nbsp;&nbsp; 3283098 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Mortgage-Backed Securities – (continued) |  |  |
| Freddie Mac Pool – (continued) |  |  |
| &nbsp;&nbsp;&nbsp; SD1150, 3.5000%, 6/1/52 | $3923055 | &nbsp;&nbsp; $3647921 |
| &nbsp;&nbsp;&nbsp; QF0488, 5.5000%, 9/1/52 | &nbsp;&nbsp; 1952965 | &nbsp;&nbsp;&nbsp;&nbsp; 1990798 |
| &nbsp;&nbsp;&nbsp; QF2386, 5.0000%, 10/1/52 | &nbsp;&nbsp; 3550075 | &nbsp;&nbsp;&nbsp;&nbsp; 3548003 |
| &nbsp;&nbsp;&nbsp; QF2145, 5.0000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 117507 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117730 |
| &nbsp;&nbsp;&nbsp; QF2437, 5.5000%, 10/1/52 | &nbsp;&nbsp;&nbsp;&nbsp; 126165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129390 |
| &nbsp;&nbsp;&nbsp; QF7813, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 219149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 219846 |
| &nbsp;&nbsp;&nbsp; QF6841, 5.0000%, 1/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 191303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 191627 |
| &nbsp;&nbsp;&nbsp; QF8398, 5.0000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 788585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 789657 |
| &nbsp;&nbsp;&nbsp; QF9871, 5.0000%, 3/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 756340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 757317 |
| &nbsp;&nbsp;&nbsp; QG1442, 5.0000%, 4/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 874854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 871532 |
| &nbsp;&nbsp;&nbsp; QG2380, 5.0000%, 5/1/53 | &nbsp;&nbsp; 1791785 | &nbsp;&nbsp;&nbsp;&nbsp; 1788564 |
| &nbsp;&nbsp;&nbsp; QG3598, 5.0000%, 5/1/53 | &nbsp;&nbsp; 1087075 | &nbsp;&nbsp;&nbsp;&nbsp; 1085120 |
| &nbsp;&nbsp;&nbsp; QG3742, 5.0000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 153790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153967 |
| &nbsp;&nbsp;&nbsp; SD2897, 5.5000%, 5/1/53 | &nbsp;&nbsp; 1448222 | &nbsp;&nbsp;&nbsp;&nbsp; 1470695 |
| &nbsp;&nbsp;&nbsp; QG2543, 5.5000%, 5/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 262307 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266708 |
| &nbsp;&nbsp;&nbsp; QG4742, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 749402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743771 |
| &nbsp;&nbsp;&nbsp; QG5161, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 702088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 696762 |
| &nbsp;&nbsp;&nbsp; QG3917, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 686483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 685249 |
| &nbsp;&nbsp;&nbsp; QG5055, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 600488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 595976 |
| &nbsp;&nbsp;&nbsp; QG4676, 5.0000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 220338 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218860 |
| &nbsp;&nbsp;&nbsp; QG3912, 5.5000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 866913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 883375 |
| &nbsp;&nbsp;&nbsp; QG4741, 5.5000%, 6/1/53 | &nbsp;&nbsp;&nbsp;&nbsp; 425348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429112 |
| &nbsp;&nbsp;&nbsp; QG6693, 5.5000%, 7/1/53 | &nbsp;&nbsp; 1802218 | &nbsp;&nbsp;&nbsp;&nbsp; 1836257 |
| &nbsp;&nbsp;&nbsp; QG7441, 5.5000%, 7/1/53 | &nbsp;&nbsp; 1055311 | &nbsp;&nbsp;&nbsp;&nbsp; 1075242 |
| &nbsp;&nbsp;&nbsp; SD4294, 5.5000%, 9/1/53 | &nbsp;&nbsp; 1801998 | &nbsp;&nbsp;&nbsp;&nbsp; 1848441 |
| &nbsp;&nbsp;&nbsp; RA9851, 6.0000%, 9/1/53 | 14110900 | &nbsp;&nbsp; 14601910 |
| &nbsp;&nbsp;&nbsp; SD4009, 6.0000%, 9/1/53 | &nbsp;&nbsp; 4154017 | &nbsp;&nbsp;&nbsp;&nbsp; 4321057 |
| &nbsp;&nbsp;&nbsp; SD4668, 6.0000%, 10/1/53 | &nbsp;&nbsp; 7211057 | &nbsp;&nbsp;&nbsp;&nbsp; 7422128 |
| &nbsp;&nbsp;&nbsp; SD4247, 6.5000%, 11/1/53 | &nbsp;&nbsp; 4835669 | &nbsp;&nbsp;&nbsp;&nbsp; 5066738 |
| &nbsp;&nbsp;&nbsp; QI2699, 5.5000%, 4/1/54 | &nbsp;&nbsp; 1190718 | &nbsp;&nbsp;&nbsp;&nbsp; 1224713 |
| &nbsp;&nbsp;&nbsp; RJ1341, 6.0000%, 4/1/54 | &nbsp;&nbsp; 9682441 | &nbsp;&nbsp; 10037174 |
| &nbsp;&nbsp;&nbsp; RJ3021, 5.5000%, 12/1/54 | 14586168 | &nbsp;&nbsp; 14798755 |
| &nbsp;&nbsp;&nbsp; SL1226, 5.5000%, 5/1/55 | &nbsp;&nbsp; 2487441 | &nbsp;&nbsp;&nbsp;&nbsp; 2542401 |
| &nbsp;&nbsp;&nbsp; RJ4363, 5.5000%, 6/1/55 | &nbsp;&nbsp;&nbsp;&nbsp; 691174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 707274 |
|  |  | 210954635 |
| Ginnie Mae: |  |  |
| &nbsp;&nbsp;&nbsp; 2.5000%, TBA, 30 Year Maturity | 15308258 | &nbsp;&nbsp; 13172496 |
| &nbsp;&nbsp;&nbsp; 3.5000%, TBA, 30 Year Maturity | 19884335 | &nbsp;&nbsp; 18128131 |
| &nbsp;&nbsp;&nbsp; 4.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp; 4572047 | &nbsp;&nbsp;&nbsp;&nbsp; 4298940 |
| &nbsp;&nbsp;&nbsp; 5.0000%, TBA, 30 Year Maturity | &nbsp;&nbsp; 6595041 | &nbsp;&nbsp;&nbsp;&nbsp; 6559368 |
|  |  | &nbsp;&nbsp; 42158935 |
| Ginnie Mae I Pool: |  |  |
| &nbsp;&nbsp;&nbsp; 784059, 4.0000%, 1/15/45 | &nbsp;&nbsp; 2082044 | &nbsp;&nbsp;&nbsp;&nbsp; 1986649 |
| &nbsp;&nbsp;&nbsp; 784182, 4.5000%, 8/15/46 | &nbsp;&nbsp; 2280125 | &nbsp;&nbsp;&nbsp;&nbsp; 2253264 |
| &nbsp;&nbsp;&nbsp; BB4357, 4.0000%, 7/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 440540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 421029 |
| &nbsp;&nbsp;&nbsp; BC7161, 4.0000%, 8/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59402 |
| &nbsp;&nbsp;&nbsp; BD7109, 4.0000%, 11/15/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56314 |
| &nbsp;&nbsp;&nbsp; BD7135, 4.0000%, 12/15/47 | &nbsp;&nbsp;&nbsp;&nbsp; 174715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166977 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 4943635 |
| Ginnie Mae II Pool: |  |  |
| &nbsp;&nbsp;&nbsp; MA4068, 3.0000%, 11/20/46 | &nbsp;&nbsp; 9097992 | &nbsp;&nbsp;&nbsp;&nbsp; 8234735 |
| &nbsp;&nbsp;&nbsp; BB9817, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp; 270932 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 259018 |
| &nbsp;&nbsp;&nbsp; BB9814, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 40297 |
| &nbsp;&nbsp;&nbsp; BB9835, 4.0000%, 8/20/47 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37763 |
| &nbsp;&nbsp;&nbsp; MA5021, 4.5000%, 2/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 207128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204602 |
| &nbsp;&nbsp;&nbsp; MA5192, 4.0000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 106022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101565 |
| &nbsp;&nbsp;&nbsp; BH3673, 4.5000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 316828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311118 |
| &nbsp;&nbsp;&nbsp; BH3672, 4.5000%, 5/20/48 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 63235 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62096 |
| &nbsp;&nbsp;&nbsp; MA5264, 4.0000%, 6/20/48 | &nbsp;&nbsp; 1059158 | &nbsp;&nbsp;&nbsp;&nbsp; 1014630 |
| &nbsp;&nbsp;&nbsp; MA5400, 5.0000%, 8/20/48 | &nbsp;&nbsp;&nbsp;&nbsp; 707966 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 713924 |
| &nbsp;&nbsp;&nbsp; MA5930, 3.5000%, 5/20/49 | 11985546 | &nbsp;&nbsp; 11064793 |
| &nbsp;&nbsp;&nbsp; MA7255, 2.5000%, 3/20/51 | 11588074 | &nbsp;&nbsp;&nbsp;&nbsp; 9982611 |
| &nbsp;&nbsp;&nbsp; MA7313, 3.0000%, 4/20/51 | &nbsp;&nbsp; 9908949 | &nbsp;&nbsp;&nbsp;&nbsp; 8865710 |
| &nbsp;&nbsp;&nbsp; MA7473, 3.0000%, 7/20/51 | &nbsp;&nbsp; 5648126 | &nbsp;&nbsp;&nbsp;&nbsp; 5052169 |
| &nbsp;&nbsp;&nbsp; MA7535, 3.0000%, 8/20/51 | 12832382 | &nbsp;&nbsp; 11477392 |
| &nbsp;&nbsp;&nbsp; 785843, 2.5000%, 1/20/52 | &nbsp;&nbsp; 9822140 | &nbsp;&nbsp;&nbsp;&nbsp; 8343455 |
|  |  | &nbsp;&nbsp; 65765878 |
| Total Mortgage-Backed Securities (cost $649,145,002) |  | 638818870 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| United States Treasury Notes/Bonds – 5.2% |  |  |
| &nbsp;&nbsp;&nbsp; 3.6250%, 9/30/30 | $277050000 | $275643107 |
| &nbsp;&nbsp;&nbsp; 3.8750%, 9/30/32 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6749000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6726855 |
| &nbsp;&nbsp;&nbsp; 4.2500%, 8/15/35 | &nbsp;&nbsp;&nbsp;&nbsp; 64780400 | &nbsp;&nbsp;&nbsp;&nbsp; 65306741 |
| &nbsp;&nbsp;&nbsp; 4.8750%, 8/15/45 | &nbsp;&nbsp;&nbsp;&nbsp; 77159000 | &nbsp;&nbsp;&nbsp;&nbsp; 78883021 |
| &nbsp;&nbsp;&nbsp; 4.7500%, 5/15/55 | &nbsp;&nbsp;&nbsp;&nbsp; 72756700 | &nbsp;&nbsp;&nbsp;&nbsp; 72984064 |
| Total United States Treasury Notes/Bonds (cost $496,778,152) |  | &nbsp;&nbsp; 499543788 |
| Common Stocks – 63.5% |  |  |
| Aerospace & Defense – 1.4% |  |  |
| &nbsp;&nbsp;&nbsp; General Electric Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 290656 | &nbsp;&nbsp;&nbsp;&nbsp; 87435138 |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230556 | &nbsp;&nbsp;&nbsp;&nbsp; 45242004 |
|  |  | &nbsp;&nbsp; 132677142 |
| Banks – 1.9% |  |  |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437579 | &nbsp;&nbsp; 138025544 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group Inc/The | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226784 | &nbsp;&nbsp;&nbsp;&nbsp; 45567709 |
|  |  | &nbsp;&nbsp; 183593253 |
| Beverages – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; Monster Beverage Corp<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 662688 | &nbsp;&nbsp;&nbsp;&nbsp; 44605529 |
| Biotechnology – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; AbbVie Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 318417 | &nbsp;&nbsp;&nbsp;&nbsp; 73726272 |
| &nbsp;&nbsp;&nbsp; Amgen Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145133 | &nbsp;&nbsp;&nbsp;&nbsp; 40956533 |
| &nbsp;&nbsp;&nbsp; Vertex Pharmaceuticals Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 109813 | &nbsp;&nbsp;&nbsp;&nbsp; 43007163 |
|  |  | &nbsp;&nbsp; 157689968 |
| Building Products – 0.6% |  |  |
| &nbsp;&nbsp;&nbsp; Trane Technologies PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 134869 | &nbsp;&nbsp;&nbsp;&nbsp; 56909323 |
| Capital Markets – 3.4% |  |  |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373537 | &nbsp;&nbsp;&nbsp;&nbsp; 35661577 |
| &nbsp;&nbsp;&nbsp; CME Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206318 | &nbsp;&nbsp;&nbsp;&nbsp; 55745061 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89355 | &nbsp;&nbsp;&nbsp;&nbsp; 71157854 |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 328074 | &nbsp;&nbsp;&nbsp;&nbsp; 55273908 |
| &nbsp;&nbsp;&nbsp; Moody's Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54250 | &nbsp;&nbsp;&nbsp;&nbsp; 25849040 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533840 | &nbsp;&nbsp;&nbsp;&nbsp; 84859206 |
|  |  | &nbsp;&nbsp; 328546646 |
| Chemicals – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; Corteva Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 445003 | &nbsp;&nbsp;&nbsp;&nbsp; 30095553 |
| Communications Equipment – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Motorola Solutions Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76894 | &nbsp;&nbsp;&nbsp;&nbsp; 35162857 |
| Consumer Finance – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; American Express Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444760 | &nbsp;&nbsp; 147731482 |
| Diversified Financial Services – 2.3% |  |  |
| &nbsp;&nbsp;&nbsp; Mastercard Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 379317 | &nbsp;&nbsp; 215759303 |
| Electrical Equipment – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Eaton Corp PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 174215 | &nbsp;&nbsp;&nbsp;&nbsp; 65199964 |
| Electronic Equipment, Instruments & Components – 0.8% |  |  |
| &nbsp;&nbsp;&nbsp; Amphenol Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 637006 | &nbsp;&nbsp;&nbsp;&nbsp; 78829493 |
| Entertainment – 2.0% |  |  |
| &nbsp;&nbsp;&nbsp; Netflix Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77694 | &nbsp;&nbsp;&nbsp;&nbsp; 93148890 |
| &nbsp;&nbsp;&nbsp; Walt Disney Co/The | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 818777 | &nbsp;&nbsp;&nbsp;&nbsp; 93749967 |
|  |  | &nbsp;&nbsp; 186898857 |
| Food & Staples Retailing – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; Costco Wholesale Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47525 | &nbsp;&nbsp;&nbsp;&nbsp; 43990566 |
| Health Care Equipment & Supplies – 1.7% |  |  |
| &nbsp;&nbsp;&nbsp; Abbott Laboratories | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473928 | &nbsp;&nbsp;&nbsp;&nbsp; 63477916 |
| &nbsp;&nbsp;&nbsp; Intuitive Surgical Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 101271 | &nbsp;&nbsp;&nbsp;&nbsp; 45291429 |
| &nbsp;&nbsp;&nbsp; Stryker Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141044 | &nbsp;&nbsp;&nbsp;&nbsp; 52139736 |
|  |  | &nbsp;&nbsp; 160909081 |
| Health Care Providers & Services – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; HCA Healthcare Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 107777 | &nbsp;&nbsp;&nbsp;&nbsp; 45934557 |
| Hotels, Restaurants & Leisure – 2.2% |  |  |
| &nbsp;&nbsp;&nbsp; Booking Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17455 | &nbsp;&nbsp;&nbsp;&nbsp; 94244258 |
| &nbsp;&nbsp;&nbsp; Hilton Worldwide Holdings Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196904 | &nbsp;&nbsp;&nbsp;&nbsp; 51084774 |
| &nbsp;&nbsp;&nbsp; Royal Caribbean Cruises Ltd | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207894 | &nbsp;&nbsp;&nbsp;&nbsp; 67270340 |
|  |  | &nbsp;&nbsp; 212599372 |
| Independent Power and Renewable Electricity Producers – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; Vistra Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143829 | &nbsp;&nbsp;&nbsp;&nbsp; 28178978 |
| Information Technology Services – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; Accenture PLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 133247 | &nbsp;&nbsp;&nbsp;&nbsp; 32858710 |
| Insurance – 1.6% |  |  |
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185978 | &nbsp;&nbsp;&nbsp;&nbsp; 37480147 |
| &nbsp;&nbsp;&nbsp; Progressive Corp/The | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 451517 | &nbsp;&nbsp; 111502123 |
|  |  | &nbsp;&nbsp; 148982270 |

---

------

---

| | | |
|:---|:---|:---|
|  | *Shares or*<br> *Principal Amounts*<br>| *Value* |
| Common Stocks – (continued) |  |  |
| Interactive Media & Services – 5.6% |  |  |
| &nbsp;&nbsp;&nbsp; Alphabet Inc - Class C | &nbsp;&nbsp;&nbsp;&nbsp; 1309909 | &nbsp;&nbsp; $319028337 |
| &nbsp;&nbsp;&nbsp; Meta Platforms Inc - Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286582 | &nbsp;&nbsp;&nbsp;&nbsp; 210460089 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 529488426 |
| Life Sciences Tools & Services – 1.2% |  |  |
| &nbsp;&nbsp;&nbsp; Danaher Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53941391 |
| &nbsp;&nbsp;&nbsp; Thermo Fisher Scientific Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129681 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62897879 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 116839270 |
| Machinery – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Deere & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38062322 |
| Multiline Retail – 3.1% |  |  |
| &nbsp;&nbsp;&nbsp; Amazon.com Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1325851 | &nbsp;&nbsp;&nbsp;&nbsp; 291117104 |
| Oil, Gas & Consumable Fuels – 0.7% |  |  |
| &nbsp;&nbsp;&nbsp; Chevron Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 436815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67833001 |
| Pharmaceuticals – 2.2% |  |  |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 143266 | &nbsp;&nbsp;&nbsp;&nbsp; 109311958 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 365944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67853336 |
| &nbsp;&nbsp;&nbsp; Zoetis Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33328331 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 210493625 |
| Professional Services – 0.3% |  |  |
| &nbsp;&nbsp;&nbsp; Automatic Data Processing Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 112609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 33050742 |
| Road & Rail – 1.1% |  |  |
| &nbsp;&nbsp;&nbsp; Uber Technologies Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 736363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72141483 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158084 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37366315 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 109507798 |
| Semiconductor & Semiconductor Equipment – 10.6% |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 670425 | &nbsp;&nbsp;&nbsp;&nbsp; 221179912 |
| &nbsp;&nbsp;&nbsp; KLA Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83219383 |
| &nbsp;&nbsp;&nbsp; Lam Research Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 81649943 |
| &nbsp;&nbsp;&nbsp; NVIDIA Corp | &nbsp;&nbsp;&nbsp;&nbsp; 3334284 | &nbsp;&nbsp;&nbsp;&nbsp; 622110709 |
|  |  | &nbsp;&nbsp; 1008159947 |
| Software – 8.4% |  |  |
| &nbsp;&nbsp;&nbsp; Adobe Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29349153 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 135665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 47653688 |
| &nbsp;&nbsp;&nbsp; Intuit Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 85776 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 58577288 |
| &nbsp;&nbsp;&nbsp; Microsoft Corp | &nbsp;&nbsp;&nbsp;&nbsp; 1050287 | &nbsp;&nbsp;&nbsp;&nbsp; 543996152 |
| &nbsp;&nbsp;&nbsp; Oracle Corp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 244063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 68640278 |
| &nbsp;&nbsp;&nbsp; ServiceNow Inc<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 55962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51500709 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 799717268 |
| Specialty Retail – 1.3% |  |  |
| &nbsp;&nbsp;&nbsp; Home Depot Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 198217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80315546 |
| &nbsp;&nbsp;&nbsp; TJX Cos Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 43233938 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 123549484 |
| Technology Hardware, Storage & Peripherals – 3.0% |  |  |
| &nbsp;&nbsp;&nbsp; Apple Inc | &nbsp;&nbsp;&nbsp;&nbsp; 1132504 | &nbsp;&nbsp;&nbsp;&nbsp; 288369494 |
| Textiles, Apparel & Luxury Goods – 0.5% |  |  |
| &nbsp;&nbsp;&nbsp; NIKE Inc - Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 703584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49060912 |
| Tobacco – 0.4% |  |  |
| &nbsp;&nbsp;&nbsp; Philip Morris International Inc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255057 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41370245 |
| Total Common Stocks (cost $2,522,825,060) |  | &nbsp;&nbsp; 6043772542 |
| Investment Companies – 1.8% |  |  |
| Money Markets – 1.8% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº,</sup><sup>£</sup> (cost $168,070,237) | 168038919 | &nbsp;&nbsp;&nbsp;&nbsp; 168072527 |
| Investments Purchased with Cash Collateral from Securities Lending – 0.1% |  |  |
| Investment Companies – 0.1% |  |  |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº,</sup><sup>£</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 9004132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9004132 |
| Time Deposits – 0% |  |  |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada, 4.0800%, 10/1/25 | &nbsp;&nbsp; $2251033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2251033 |
| Total Investments Purchased with Cash Collateral from Securities Lending (cost $11,255,165) | Total Investments Purchased with Cash Collateral from Securities Lending (cost $11,255,165) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11255165 |
| Total Investments (total cost $6,060,279,550) – 100.8% |  | &nbsp;&nbsp; 9599231480 |
| Liabilities, net of Cash, Receivables and Other Assets – (0.8)% |  | &nbsp;&nbsp;&nbsp;&nbsp; (80301433) |
| Net Assets – 100% |  | $9518930047 |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| ***Summary of Investments by Country - (Long Positions) (unaudited)*** |  |  |
| *Country* | *Value* | &nbsp;&nbsp; *% of* <br>*Investment* <br>*Securities*<br>|
| United States | $9528571201 | &nbsp;&nbsp;&nbsp;&nbsp; 99.3<br> %<br>|
| France | 17547146 | &nbsp;&nbsp;&nbsp;&nbsp;0.2 |
| Israel | 12692550 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| United Kingdom | 12423048 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| Canada | 8485367 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| Brazil | 8466838 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| Australia | 7369943 | &nbsp;&nbsp;&nbsp;&nbsp;0.1 |
| Ireland | 3675387 | &nbsp;&nbsp;&nbsp;&nbsp;0.0 |
| Total | $9599231480 | &nbsp;&nbsp;&nbsp;&nbsp; 100.0<br> %<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** | ***Schedule of Affiliated Investments - (% of Net Assets)*** |
| *Affiliate* | *Affiliated* <br>*Investments,* <br>*at Value at* <br>*12/31/24*<br>| *Purchases* | *Sales* <br>*Proceeds*<br>| *Realized* <br>*Gain/(Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation/* <br>*Depreciation*<br>| *Affiliated* <br>*Investments,* <br>*at Value at* <br>*9/30/25*<br>| *Ending* <br>*Shares*<br>| *Dividend* <br>*Income*<br>|
| Investment Companies - 1.8% | Investment Companies - 1.8% | Investment Companies - 1.8% | Investment Companies - 1.8% | Investment Companies - 1.8% | Investment Companies - 1.8% | Investment Companies - 1.8% | Investment Companies - 1.8% | Investment Companies - 1.8% |
| Money Markets - 1.8% | Money Markets - 1.8% | Money Markets - 1.8% | Money Markets - 1.8% | Money Markets - 1.8% | Money Markets - 1.8% | Money Markets - 1.8% | Money Markets - 1.8% | Money Markets - 1.8% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Liquidity Fund LLC, 4.0538%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; $219115975 | &nbsp;&nbsp; $1170659399 | &nbsp;&nbsp; $(1221700610) | &nbsp;&nbsp; $11793 | &nbsp;&nbsp; $(14030) | &nbsp;&nbsp; $168072527 | &nbsp;&nbsp; 168038919 | &nbsp;&nbsp; $5162717 |
| Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% | Investments Purchased with Cash Collateral from Securities Lending - 0.1% |
| Investment Companies - 0.1% | Investment Companies - 0.1% | Investment Companies - 0.1% | Investment Companies - 0.1% | Investment Companies - 0.1% | Investment Companies - 0.1% | Investment Companies - 0.1% | Investment Companies - 0.1% | Investment Companies - 0.1% |
| &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  | &nbsp;&nbsp;&nbsp; Janus Henderson Cash Collateral Fund LLC, 4.0644%<sup>ºº</sup>  |
|  | &nbsp;&nbsp; - | &nbsp;&nbsp; 948599121 | &nbsp;&nbsp; (939594989) | &nbsp;&nbsp; - | &nbsp;&nbsp; - | &nbsp;&nbsp; 9004132 | &nbsp;&nbsp; 9004132 | &nbsp;&nbsp; 90163 <br><sup>∆</sup><br>|
| Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% | Total Affiliated Investments - 1.9% |
|  | &nbsp;&nbsp; $219115975 | &nbsp;&nbsp; $2119258520 | &nbsp;&nbsp; $(2161295599) | &nbsp;&nbsp; $11793 | &nbsp;&nbsp; $(14030) | &nbsp;&nbsp; $177076659 | &nbsp;&nbsp; 177043051 | &nbsp;&nbsp; $5252880 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
| ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** | ***Schedule of Futures*** |
| *Description* | *Number of* <br>*Contracts*<br>| &nbsp;&nbsp; *Expiration* <br>*Date*<br>| &nbsp;&nbsp; *Notional* <br>*Amount*<br>| &nbsp;&nbsp; *Value and* <br>*Unrealized* <br>*Appreciation/(Depreciation)*<br>|
| *Futures Long:* |  |  |  |  |
| 2 Year US Treasury Note | 3377 | &nbsp;&nbsp;&nbsp; 1/6/26 | &nbsp;&nbsp;&nbsp; $703761525 | &nbsp;&nbsp;&nbsp; $(169918) |
| 5 Year US Treasury Note | 3878 | &nbsp;&nbsp;&nbsp; 1/6/26 | &nbsp;&nbsp;&nbsp; 423459424 | &nbsp;&nbsp;&nbsp; (565841) |
| Ultra Long Term US Treasury Bond | 87 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; 10445438 | &nbsp;&nbsp;&nbsp; 297146 |
| US Treasury Long Bond | 1965 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; 229106719 | &nbsp;&nbsp;&nbsp; 4060625 |
| Total - Futures Long |  |  |  | &nbsp;&nbsp;&nbsp; 3622012 |
| *Futures Short:* |  |  |  |  |
| 10 Year US Treasury Note | 685 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; (77062500) | &nbsp;&nbsp;&nbsp; (91811) |
| Ultra 10-Year Treasury Note | 1421 | &nbsp;&nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp;&nbsp; (163526016) | &nbsp;&nbsp;&nbsp; (397701) |
| Total - Futures Short |  |  |  | &nbsp;&nbsp;&nbsp; (489512) |
| Total |  |  |  | &nbsp;&nbsp;&nbsp; $3132500 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Average Ending Monthly Value of Derivative Instruments During the Period Ended September 30, 2025** | **Average Ending Monthly Value of Derivative Instruments During the Period Ended September 30, 2025** |
| Futures contracts: |  |
| Average notional amount of contracts - long | $1416330425 |
| Average notional amount of contracts - short | 209581984 |

---

------

**Notes to Schedule of Investments (unaudited)** 

---

| | |
|:---|:---|
| IBOR | Interbank Offered Rate |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| PLC | Public Limited Company |
| SOFR | Secured Overnight Financing Rate |
| TBA | &nbsp;&nbsp; (To Be Announced) Securities are purchased/sold on a forward commitment basis with an approximate <br> principal amount and no defined maturity date. The actual principal and maturity date will be determined upon <br> settlement when specific mortgage pools are assigned.<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| &nbsp;&nbsp; Securities sold under Rule 144A of the Securities Act of 1933, as amended, are subject to legal and/or contractual restrictions on resale <br> and may not be publicly sold without registration under the 1933 Act. Unless otherwise noted, these securities have been determined to be <br> liquid under guidelines established by the Board of Trustees. The total value of 144A securities as of the period ended September 30, <br> 2025 is $1,375,749,661, which represents 14.5% of net assets.<br>|
| Non-income producing security. |
| &nbsp;&nbsp; All or a portion of this position is not funded, or has been purchased on a delayed delivery or when-issued basis. If applicable, interest rates <br> will be determined and interest will begin to accrue at a future date.<br>|
| &nbsp;&nbsp; Variable or floating rate security. Rate shown is the current rate as of September 30, 2025. Certain variable rate securities are not based <br> on a published reference rate and spread; they are determined by the issuer or agent and current market conditions. Reference rate is as <br> of reset date and may vary by security, which may not indicate a reference rate and/or spread in their description.<br>|
| Rate shown is the 7-day yield as of September 30, 2025. |
| Loaned security; a portion of the security is on loan at September 30, 2025. |
| &nbsp;&nbsp; Step bond. The coupon rate will increase or decrease periodically based upon a predetermined schedule. The rate shown reflects the <br> current rate.<br>|
| £&nbsp;&nbsp; The Portfolio may invest in certain securities that are considered affiliated companies. As defined by the Investment Company Act of 1940, <br> as amended, an affiliated company is one in which the Portfolio owns 5% or more of the outstanding voting securities, or a company which <br> is under common ownership or control.<br>|
| Net of income paid to the securities lending agent and rebates paid to the borrowing counterparties. |
| Schedule of Restricted Securities (as of September 30, 2025) |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Acquisition* <br>*Date*<br>| *Cost* | *Value* | &nbsp;&nbsp; *Value as a* <br>*% of Net* <br>*Assets*<br>|
| Oasis Securitization 2024-1A A, 5.8800%, 9/30/38 | 9/24/24 | &nbsp;&nbsp;&nbsp; $1615760 | $1612956 | &nbsp;&nbsp;&nbsp;&nbsp; 0.0<br> %<br>|

---

The Portfolio has registration rights for certain restricted securities held as of September 30, 2025. The issuer incurs all registration costs.

------

The following is a summary of the inputs that were used to value the Portfolio's investments in securities and other

financial instruments as of September 30, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** | **Valuation Inputs Summary** |
|  | ***Level 1 -*** <br>***Quoted Prices***<br>| &nbsp;&nbsp; ***Level 2 -*** <br>***Other Significant*** <br>***Observable Inputs***<br>| &nbsp;&nbsp; ***Level 3 -*** <br>***Significant*** <br>***Unobservable Inputs***<br>|
| **Assets** |  |  |  |
| **Investments In Securities:** |  |  |  |
| *Asset-Backed/Commercial Mortgage-Backed Securities* | $- | &nbsp;&nbsp;&nbsp; $1083961192 | &nbsp;&nbsp;&nbsp; $- |
| *Bank Loans and Mezzanine Loans* | - | &nbsp;&nbsp;&nbsp; 67654850 | &nbsp;&nbsp;&nbsp; - |
| *Corporate Bonds* | - | &nbsp;&nbsp;&nbsp; 1086152546 | &nbsp;&nbsp;&nbsp; - |
| *Mortgage-Backed Securities* | - | &nbsp;&nbsp;&nbsp; 638818870 | &nbsp;&nbsp;&nbsp; - |
| *United States Treasury Notes/Bonds* | - | &nbsp;&nbsp;&nbsp; 499543788 | &nbsp;&nbsp;&nbsp; - |
| *Common Stocks* | 6043772542 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| *Investment Companies* | - | &nbsp;&nbsp;&nbsp; 168072527 | &nbsp;&nbsp;&nbsp; - |
| *Investments Purchased with Cash Collateral from Securities Lending* | - | &nbsp;&nbsp;&nbsp; 11255165 | &nbsp;&nbsp;&nbsp; - |
| Total Investments in Securities | $6043772542 | &nbsp;&nbsp;&nbsp; $3555458938 | &nbsp;&nbsp;&nbsp; $- |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Futures Contracts* | 4357771 | &nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; - |
| **Total Assets** | $6048130313 | &nbsp;&nbsp;&nbsp; $3555458938 | &nbsp;&nbsp;&nbsp; $- |
| **Liabilities** |  |  |  |
| **Other Financial Instruments**<sup>(a)</sup>**:** |  |  |  |
| *Futures Contracts* | $1225271 | &nbsp;&nbsp;&nbsp; $- | &nbsp;&nbsp;&nbsp; $- |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;(a) Other financial instruments may include forward foreign currency exchange contracts,
 futures, written options, written swaptions, and swap contracts. Forward foreign currency exchange contracts, futures contracts, and centrally
 cleared swap contracts are reported at their unrealized appreciation/(depreciation) at measurement date, which represents the change in the
 contract's value from trade date. Written options, written swaptions, and OTC swaps are reported at their market value at measurement date.

------

**Investment Valuation**

Portfolio holdings are valued in accordance with policies and procedures established by the Adviser pursuant to Rule 2a-5 under the 1940 Act and approved by and subject to the oversight of the Trustees (the "Valuation Procedures"). Equity securities traded on a domestic securities exchange are generally valued at readily available market quotations, which are (i) the official close prices or (ii) last sale prices on the primary market or exchange in which the securities trade. If such price is lacking for the trading period immediately preceding the time of determination, such securities are generally valued at their current bid price. Equity securities that are traded on a foreign exchange are generally valued at the closing prices on such markets. In the event that there is no current trading volume on a particular security in such foreign exchange, the bid price from the primary exchange is generally used to value the security. Foreign securities and currencies are converted to U.S. dollars using the current spot USD dollar exchange rate in effect at the close of the New York Stock Exchange ("NYSE"). The Adviser will determine the market value of individual securities held by it by using prices provided by one or more Adviser-approved professional pricing services or, as needed, by obtaining market quotations from independent broker-dealers. Most debt securities are valued in accordance with the evaluated bid price supplied by the pricing service that is intended to reflect market value. The evaluated bid price supplied by the pricing service is an evaluation that may consider factors such as security prices, yields, maturities, and ratings. Certain short-term securities maturing within 60 days or less may be evaluated and valued on an amortized cost basis provided that the amortized cost determined approximates market value. Securities for which market quotations or evaluated prices are not readily available or deemed unreliable are valued at fair value determined in good faith by the Adviser pursuant to the Valuation Procedures. Circumstances in which fair valuation may be utilized include, but are not limited to: (i) a significant event that may affect the securities of a single issuer, such as a merger, bankruptcy, or significant issuer-specific development; (ii) an event that may affect an entire market, such as a natural disaster or significant governmental action; (iii) a nonsignificant event such as a market closing early or not opening, or a security trading halt; and (iv) pricing of a non-valued security and a restricted or nonpublic security. Special valuation considerations may apply with respect to "odd-lot" fixed-income transactions which, due to their small size, may receive evaluated prices by pricing services which reflect a large block trade and not what actually could be obtained for the odd-lot position. The value of the securities of other mutual funds held by the Portfolio, if any, will be calculated using the NAV of such mutual funds, and the prospectuses for such mutual funds explain the circumstances under which they use fair valuation and the effects of using fair valuation. The value of the securities of any cash management pooled investment vehicles that operate as money market funds held by the Portfolio, if any, will be calculated using the NAV of

such funds.

**Valuation Inputs Summary**

FASB ASC 820, *Fair Value Measurements and Disclosures* ("ASC 820"), defines fair value, establishes a framework for measuring fair value, and expands disclosure requirements regarding fair value measurements. This standard emphasizes that fair value is a market-based measurement that should be determined based on the assumptions that market participants would use in pricing an asset or liability and establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. These inputs are summarized into three broad levels:

Level 1 – Unadjusted quoted prices in active markets the Portfolio has the ability to access for identical assets or liabilities.

Level 2 – Observable inputs other than unadjusted quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default

rates and similar data.

Assets or liabilities categorized as Level 2 in the hierarchy generally include: debt securities fair valued in accordance with the evaluated bid or ask prices supplied by a pricing service; securities traded on OTC markets and listed securities for which no sales are reported that are fair valued at the latest bid price (or yield equivalent thereof) obtained from one or more dealers transacting in a market for such securities or by a pricing service approved by the Portfolio's Trustees; certain short-term debt securities with maturities of 60 days or less that are fair valued at amortized cost; and equity securities of foreign issuers whose fair value is determined by using systematic fair valuation models provided by independent third parties in order to adjust for stale pricing which may occur between the close of certain foreign exchanges and the close of the NYSE. Other securities that may be categorized as Level 2 in the hierarchy include, but are not limited to, preferred stocks, bank loans, swaps,

investments in unregistered investment companies, options, and forward contracts.

Level 3 – Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Portfolio's own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.

There have been no significant changes in valuation techniques used in valuing any such positions held by the Portfolio since the beginning of the fiscal period.

------

The inputs or methodology used for fair valuing securities are not necessarily an indication of the risk associated with investing in those securities. The summary of inputs used as of September 30, 2025 to fair value the Portfolio's investments in securities and other financial instruments is included in the "Valuation Inputs Summary" in the Notes to Schedule of Investments.

------

For additional information on the Portfolio, please refer to the Portfolio's most recent semiannual or annual financial

statements.

109-35-70301 11-25

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JANUS ASPEN SERIES

- **b. Investment Company Act file number:** 811-07736

- **c. CIK number of Registrant:** 0000906185

- **d. LEI of Registrant:** 5C1H794C69TI10A0XC04

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

  - **Street Address 1:** 151 DETROIT STREET

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Janus Henderson Balanced Portfolio

- **b. EDGAR series identifier (if any):** S000010394

- **c. LEI of Series:** D7E5UNC2PKDO953HWN12

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $9627998596.71

**Total Liabilities:** $109068549.89

**Net Assets:** $9518930046.82

**Delayed Delivery Securities:** $58364386.81

**Cash Not Reported:** $14164557.37

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5972.029057398826 | **1-Year:** -133255.072416635750 | **5-Year:** -646547.920327957700 | **10-Year:** -694016.579932886200 | **30-Year:** -262362.022278132730

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

- **3-Month:** -1079.459294449578 | **1-Year:** -33299.338825431720 | **5-Year:** -69001.883226537610 | **10-Year:** -34970.641510393940 | **30-Year:** -818.326962218161

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000028716 | 1.32%                | 1.18%                | 2.32%                |
| Class ID C000028717 | 1.34%                | 1.19%                | 2.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $27144975.00             | $91787901.00                               |
| Month 2  | $59447136.00             | $30100144.00                               |
| Month 3  | $25032946.00             | $175584677.00                              |

**Designated Index Information**

- **Index Name:** 60% SP 500 Composite/ 40% Bloomberg U.S. Aggregate

- **Index Identifier:** IX08BM

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A&D MORTGAGE TRUST 2023-NQM2                                                                     | ADMT 2024-NQM5 A1                                                                              | CUSIP: 00039KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2972234 | PA      | $2987298.68   | 0.03%             | 2069-11-25      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Abbott Laboratories                                                                              | Abbott Laboratories COM NPV                                                                    | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    473928 | NS      | $63477916.32  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                                                                      | AbbVie Inc. COM USD0.01                                                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    318417 | NS      | $73726272.18  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| ALA TRUST 2025-OANA                                                                              | ALA 2025-OANA A                                                                                | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13839000 | PA      | $13889160.08  | 0.15%             | 2040-06-15      | Variable      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC / (Albertsons Safeway LLC) | ACI 6.5 02/15/28 144A                                                                          | CUSIP: 01309QAA6<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |   4757000 | PA      | $4831967.89   | 0.05%             | 2028-02-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Alpha Generation LLC                                                                             | Alpha Generation LLC Term Loan B 275 2031-09-08                                                | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |   5201692 | PA      | $5191289.12   | 0.05%             | 2031-09-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| American Tower Trust I                                                                           | AMETOW 5.49 03/15/28                                                                           | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | ABS-O            | CORP              | US        |  11317000 | PA      | $11503764.45  | 0.12%             | 2028-03-15      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Aon North America Inc.                                                                           | AON 5.45 03/01/34                                                                              | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15757000 | PA      | $16414133.87  | 0.17%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                                            | ATH 2.646 10/04/31 144A                                                                        | CUSIP: 04685A3E9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   5823000 | PA      | $5186096.91   | 0.05%             | 2031-10-04      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| BAMLL RE-REMIC TRUST 2024-FRR2                                                                   | BAMLL 2024-FRR2 E                                                                              | CUSIP: 05493UAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2374000 | PA      | $2007711.50   | 0.02%             | 2050-07-27      | Variable      | 1.27%                 | Yes           |                  2 | On Loan: No      |
| Banc Of America Alternative Loan Trust                                                           | BAMLL 2024-FRR4 E                                                                              | CUSIP: 05493VAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    760000 | PA      | $742289.80    | 0.01%             | 2048-11-27      | Variable      | 1.12%                 | Yes           |                  2 | On Loan: No      |
| Banc Of America Alternative Loan Trust                                                           | BAMLL 2024-FRR4 F                                                                              | CUSIP: 05493VAL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1497000 | PA      | $1457526.06   | 0.02%             | 2048-11-27      | Variable      | 1.05%                 | Yes           |                  2 | On Loan: No      |
| Banc Of America Alternative Loan Trust                                                           | BAMLL 2024-FRR3 E                                                                              | CUSIP: 054988AJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3322516 | PA      | $2973451.14   | 0.03%             | 2050-01-27      | Variable      | 0.49%                 | Yes           |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                                                              | BPR 2024-PMDW A                                                                                | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9912470 | PA      | $10085174.79  | 0.11%             | 2041-11-05      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY3263                                                                                      | CUSIP: 3140NKTV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    391120 | PA      | $392040.28    | 0.00%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BPR TRUST 2024-PMDW                                                                              | BPR 2024-PMDW D                                                                                | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3827000 | PA      | $3763504.04   | 0.04%             | 2041-11-05      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                               | BX 2025-ROIC A                                                                                 | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10987148 | PA      | $10954119.38  | 0.12%             | 2030-03-15      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB4320                                                                                      | CUSIP: 3140QPYS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    753710 | PA      | $699639.33    | 0.01%             | 2052-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB7112                                                                                      | CUSIP: 3140QS3W9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7591116 | PA      | $7770247.49   | 0.08%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-Roic                                                                               | BX 2025-ROIC B                                                                                 | CUSIP: 05593VAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2404622 | PA      | $2395814.76   | 0.03%             | 2030-03-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2019-OC11 B                                                                                 | CUSIP: 05606FAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    804000 | PA      | $765594.13    | 0.01%             | 2041-12-09      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2019-OC11 C                                                                                 | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2229000 | PA      | $2121160.76   | 0.02%             | 2041-12-09      | Fixed         | 3.86%                 | Yes           |                  2 | On Loan: No      |
| BXP Trust 2017-CC                                                                                | BXP 2017-GM A                                                                                  | CUSIP: 056083AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140000 | PA      | $1113952.87   | 0.01%             | 2039-06-13      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB6686                                                                                      | CUSIP: 3140QSNC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2024348 | PA      | $1989413.33   | 0.02%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB6851                                                                                      | CUSIP: 3140QSTH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1735424 | PA      | $1705386.15   | 0.02%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-LBA AV                                                                                 | CUSIP: 05609BAV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6853553 | PA      | $6851924.48   | 0.07%             | 2036-02-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-LBA AJV                                                                                | CUSIP: 05609BCD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5213000 | PA      | $5207612.19   | 0.05%             | 2036-02-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2023-HQA2 M1A                                                                            | CUSIP: 35564K2F5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    189479 | PA      | $189978.15    | 0.00%             | 2043-06-25      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2023-HQA3 M1                                                                             | CUSIP: 35564K3G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1933708 | PA      | $1941712.67   | 0.02%             | 2043-11-25      | Variable      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| BXHPP LTD                                                                                        | BXHPP 2021-FILM A                                                                              | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2066000 | PA      | $2005345.22   | 0.02%             | 2036-08-15      | Variable      | 4.91%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-VOLT B                                                                                 | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5121225 | PA      | $5104943.84   | 0.05%             | 2036-09-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2022-HQA3 M1A                                                                            | CUSIP: 35564KE39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1200188 | PA      | $1220942.20   | 0.01%             | 2042-08-25      | Variable      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2023-DNA2 M1A                                                                            | CUSIP: 35564KT58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1350774 | PA      | $1369540.33   | 0.01%             | 2043-04-27      | Variable      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Booking Holdings Inc                                                                             | Booking Holdings Inc COM USD0.008                                                              | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     17455 | NS      | $94244257.85  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                                                     | Broadcom Inc COM USD0.001                                                                      | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    670425 | NS      | $221179911.75 | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2021-VOLT D                                                                                 | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4717224 | PA      | $4700147.42   | 0.05%             | 2036-09-15      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Bx Commercial Mortgage Trust 2018-Bioa                                                           | BX 2022-FOX2 A2                                                                                | CUSIP: 05610AAW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3858579 | PA      | $3850954.71   | 0.04%             | 2039-04-15      | Variable      | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Uber Technologies Inc                                                                            | Uber Technologies Inc COM USD0.00001                                                           | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    736363 | NS      | $72141483.11  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V2.491 11/03/36                                                                            | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   6449000 | PA      | $5559689.67   | 0.06%             | 2036-11-03      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.9 07/15/32                                                                              | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4382000 | PA      | $4482732.19   | 0.05%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 5.2 07/15/35                                                                              | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  10269000 | PA      | $10583242.80  | 0.11%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2022-HQA1 M1A                                                                            | CUSIP: 35564KTA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2024340 | PA      | $2032628.39   | 0.02%             | 2042-03-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2024-DNA2 M1                                                                             | CUSIP: 35564NCX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3374201 | PA      | $3376306.88   | 0.04%             | 2044-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.384 01/23/30                                                                            | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   6844000 | PA      | $7076138.62   | 0.07%             | 2030-01-23      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.046 02/12/31                                                                            | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   7145000 | PA      | $7328144.86   | 0.08%             | 2031-02-12      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| BPR TST                                                                                          | BPR 2023-BRK2 A                                                                                | CUSIP: 05610WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7145000 | PA      | $7514345.28   | 0.08%             | 2038-10-05      | Variable      | 7.15%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-BRBK A                                                                                 | CUSIP: 05613NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10411568 | PA      | $10476930.40  | 0.11%             | 2041-10-15      | Variable      | 7.03%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 4.78 03/25/38                                                                              | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  11256000 | PA      | $10549542.94  | 0.11%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.25 02/21/33                                                                              | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    999000 | PA      | $1022122.72   | 0.01%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.9 02/15/38                                                                              | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   8339000 | PA      | $8294321.22   | 0.09%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                                     | AVGO 4.8 02/15/36                                                                              | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  11650000 | PA      | $11614457.60  | 0.12%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | COOPR 2025-CES2 A1A                                                                            | CUSIP: 12674UAA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2077544 | PA      | $2096236.12   | 0.02%             | 2060-06-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2023-R07 2M1                                                                               | CUSIP: 20753BAA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    947531 | PA      | $952162.81    | 0.01%             | 2043-09-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2022-R09 2M1                                                                               | CUSIP: 20753DAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2879733 | PA      | $2917915.57   | 0.03%             | 2042-09-25      | Variable      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2021-R03 1M1                                                                               | CUSIP: 20754AAA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    414278 | PA      | $413495.94    | 0.00%             | 2041-12-25      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA5573                                                                                      | CUSIP: 3140QDFP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    595831 | PA      | $567825.17    | 0.01%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2021-R03 1M2                                                                               | CUSIP: 20754AAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3397000 | PA      | $3412144.55   | 0.04%             | 2041-12-25      | Variable      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2022-R02 2M2                                                                               | CUSIP: 20754BAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4661000 | PA      | $4755161.78   | 0.05%             | 2042-01-27      | Variable      | 7.36%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA6635                                                                                      | CUSIP: 3140QELR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18305518 | PA      | $15789600.90  | 0.17%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB0044                                                                                      | CUSIP: 3140QKBN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    535846 | PA      | $477031.10    | 0.01%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                                | BRO 4.95 03/17/52                                                                              | CUSIP: 115236AF8<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   5658000 | PA      | $4983302.51   | 0.05%             | 2052-03-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                                | BRO 4.9 06/23/30                                                                               | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2159000 | PA      | $2188009.84   | 0.02%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2681                                                                                      | CUSIP: 3140QM6T6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1635175 | PA      | $1520622.69   | 0.02%             | 2052-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3501                                                                                      | CUSIP: 3140QN3K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1956473 | PA      | $1803692.81   | 0.02%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2750                                                                                      | CUSIP: 3140QNBU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8609445 | PA      | $7316442.38   | 0.08%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2891                                                                                      | CUSIP: 3140QNF98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11268743 | PA      | $10042170.10  | 0.11%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2022-R05 2M1                                                                               | CUSIP: 20754DAA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    808901 | PA      | $810618.71    | 0.01%             | 2042-04-25      | Variable      | 6.26%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2022-R05 2M2                                                                               | CUSIP: 20754DAB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2737000 | PA      | $2799700.59   | 0.03%             | 2042-04-25      | Variable      | 7.36%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2023-R06 1M1                                                                               | CUSIP: 20754EAA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2188348 | PA      | $2196327.51   | 0.02%             | 2043-07-27      | Variable      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2021-R02 2M2                                                                               | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11907758 | PA      | $12049413.18  | 0.13%             | 2041-11-25      | Variable      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                                                              | CAS 2023-R04 1M1                                                                               | CUSIP: 20754QAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3205028 | PA      | $3269998.27   | 0.03%             | 2043-05-25      | Variable      | 6.66%                 | Yes           |                  2 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST                                                              | CAS 2021-R01 1M2                                                                               | CUSIP: 20754RAB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    296764 | PA      | $297354.57    | 0.00%             | 2041-10-25      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| CP EF ASSET SECURITIZATION II LLC                                                                | CPEF 2023-1A A                                                                                 | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    988874 | PA      | $998075.32    | 0.01%             | 2032-03-15      | Fixed         | 7.48%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZK9009                                                                                      | CUSIP: 3131XDAJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    201133 | PA      | $195231.79    | 0.00%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-AIR2 A                                                                                 | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9099742 | PA      | $9113163.17   | 0.10%             | 2041-10-15      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Bx Commercial Mortgage Trust 2018-Bioa                                                           | BX 2025-DIME A                                                                                 | CUSIP: 05613UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8630000 | PA      | $8605084.03   | 0.09%             | 2035-02-15      | Variable      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB2907                                                                                      | CUSIP: 3140QNGR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4463484 | PA      | $4150448.37   | 0.04%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3042                                                                                      | CUSIP: 3140QNLY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2536335 | PA      | $2175842.49   | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1320                                                                                      | CUSIP: 3132ADPD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    137055 | PA      | $131153.15    | 0.00%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1633                                                                                      | CUSIP: 3132ADY69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    209295 | PA      | $202183.99    | 0.00%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3043                                                                                      | CUSIP: 3140QNLZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6901386 | PA      | $5914232.97   | 0.06%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3123                                                                                      | CUSIP: 3140QNPH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15797025 | PA      | $14668641.06  | 0.15%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB0866                                                                                      | CUSIP: 3132CW6B5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6898485 | PA      | $6489858.07   | 0.07%             | 2037-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB0040                                                                                      | CUSIP: 3132CWBH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1760327 | PA      | $1697012.70   | 0.02%             | 2033-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3240                                                                                      | CUSIP: 3140QNS60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7059411 | PA      | $6279053.22   | 0.07%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB3837                                                                                      | CUSIP: 3140QPHP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7552379 | PA      | $7011161.45   | 0.07%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB4076                                                                                      | CUSIP: 3140QPQ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1068644 | PA      | $992062.68    | 0.01%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB4329                                                                                      | CUSIP: 3140QPY35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    381845 | PA      | $354896.96    | 0.00%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB7430                                                                                      | CUSIP: 3140QTHG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2497798 | PA      | $2567912.47   | 0.03%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB8134                                                                                      | CUSIP: 3140QUBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4679708 | PA      | $4806668.42   | 0.05%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SB0116                                                                                      | CUSIP: 3132CWDV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    562773 | PA      | $533758.52    | 0.01%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD0688                                                                                      | CUSIP: 3132DMXR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12600719 | PA      | $10774658.78  | 0.11%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0619                                                                                      | CUSIP: 3140FXVM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18209478 | PA      | $14920548.99  | 0.16%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA3908                                                                                      | CUSIP: 31418DKW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    193642 | PA      | $190406.52    | 0.00%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA4079                                                                                      | CUSIP: 31418DQ96<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2037993 | PA      | $1813011.31   | 0.02%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA4068                                                                                      | CUSIP: 36179SQV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9097992 | PA      | $8234735.10   | 0.09%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CB8543                                                                                      | CUSIP: 3140QUP59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13378249 | PA      | $13868385.32  | 0.15%             | 2054-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FM3664                                                                                      | CUSIP: 3140X7CA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    794663 | PA      | $760441.55    | 0.01%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5400                                                                                      | CUSIP: 36179T7M1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    707966 | PA      | $713923.57    | 0.01%             | 2048-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5021                                                                                      | CUSIP: 36179TSJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    207128 | PA      | $204601.85    | 0.00%             | 2048-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5192                                                                                      | CUSIP: 36179TXV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    106022 | PA      | $101564.61    | 0.00%             | 2048-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5264                                                                                      | CUSIP: 36179TZ57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1059158 | PA      | $1014630.23   | 0.01%             | 2048-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN BB4357                                                                                      | CUSIP: 3617AUZW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    440541 | PA      | $421029.16    | 0.00%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN BC7161                                                                                      | CUSIP: 3617BA5W9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     62077 | PA      | $59402.17     | 0.00%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FM5076                                                                                      | CUSIP: 3140X8UA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    523764 | PA      | $499145.12    | 0.01%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS0359                                                                                      | CUSIP: 3140XFMH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3409974 | PA      | $2924331.86   | 0.03%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN BD7109                                                                                      | CUSIP: 3617BN3S2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     58849 | PA      | $56313.59     | 0.00%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN BD7135                                                                                      | CUSIP: 3617BN4U6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    174715 | PA      | $166977.28    | 0.00%             | 2047-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS0662                                                                                      | CUSIP: 3140XFWY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16405636 | PA      | $14059023.59  | 0.15%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS1081                                                                                      | CUSIP: 3140XGFX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6760953 | PA      | $5769437.52   | 0.06%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BH3672                                                                                      | CUSIP: 3617H1CH8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     63235 | PA      | $62095.65     | 0.00%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BH3673                                                                                      | CUSIP: 3617H1CJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    316828 | PA      | $311118.02    | 0.00%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN 784059                                                                                      | CUSIP: 3622A2QL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2082044 | PA      | $1986648.63   | 0.02%             | 2045-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | GN 784182                                                                                      | CUSIP: 3622A2UF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2280125 | PA      | $2253264.21   | 0.02%             | 2046-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS1184                                                                                      | CUSIP: 3140XGJ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3027125 | PA      | $2814424.15   | 0.03%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS1301                                                                                      | CUSIP: 3140XGNT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1171600 | PA      | $1080930.24   | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | Goldman Sachs Group, Inc. COM USD0.01                                                          | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |     89355 | NS      | $71157854.25  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.207 01/28/31 -                                                                           | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8589000 | PA      | $8866278.34   | 0.09%             | 2031-01-28      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS1869                                                                                      | CUSIP: 3140XHCF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1731666 | PA      | $1607972.52   | 0.02%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS2144                                                                                      | CUSIP: 3140XHL21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4353404 | PA      | $4046502.30   | 0.04%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                                                        | GS V5.536 01/28/36                                                                             | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7598000 | PA      | $7931127.70   | 0.08%             | 2036-01-28      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FUND TRUST 2                                                              | HOF 2025-RRTL1 A1                                                                              | CUSIP: 437919AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6822000 | PA      | $6857100.55   | 0.07%             | 2040-03-25      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                                              | HOF 2025-RRTL2 A1                                                                              | CUSIP: 437923AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2898000 | PA      | $2906407.10   | 0.03%             | 2040-09-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                                             | Howmet Aerospace Inc COM                                                                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |    230556 | NS      | $45242003.88  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2024-DNA3 M1                                                                             | CUSIP: 35564NEZ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    853364 | PA      | $852963.55    | 0.01%             | 2044-10-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-DNA1 M1                                                                             | CUSIP: 35564NFZ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2550280 | PA      | $2550429.88   | 0.03%             | 2045-01-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                                      | HBCT 2015-HB10 A10                                                                             | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2826661 | PA      | $2739840.41   | 0.03%             | 2034-08-05      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5.125 05/15/32                                                                            | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   5107000 | PA      | $5255908.12   | 0.06%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                                | BRO 5.25 06/23/32                                                                              | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    949000 | PA      | $973027.80    | 0.01%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                                                | BRO 5.55 06/23/35                                                                              | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   1008000 | PA      | $1036880.71   | 0.01%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                               | TMUS 5.3 05/15/35                                                                              | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  11066000 | PA      | $11333600.56  | 0.12%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Company LLC                                                          | TEVA 6.15 02/01/36                                                                             | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |   2845000 | PA      | $2978942.60   | 0.03%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: —       |
| BX COML MTG TR 2024-VLT5                                                                         | BX 2024-VLT5 B                                                                                 | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2774000 | PA      | $2841732.22   | 0.03%             | 2046-11-13      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                                         | BX 2024-VLT5 C                                                                                 | CUSIP: 05614JAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1468000 | PA      | $1512355.20   | 0.02%             | 2046-11-13      | Variable      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS2546                                                                                      | CUSIP: 3140XHZL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    121977 | PA      | $116724.25    | 0.00%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS2713                                                                                      | CUSIP: 3140XJAP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3141585 | PA      | $3096051.47   | 0.03%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS3160                                                                                      | CUSIP: 3140XJQN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1541934 | PA      | $1368968.38   | 0.01%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS3377                                                                                      | CUSIP: 3140XJXF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2831254 | PA      | $2709327.88   | 0.03%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDENTREE LN MGM 20 LTD/LLC                                                                     | GLM 2023-17A AR                                                                                | CUSIP: 38139FAN0<br>LEI: 549300TS068SCJRDSP12 | Long             | ABS-CBDO         | CORP              | JE        |   9321000 | PA      | $9342560.41   | 0.10%             | 2039-01-20      | Variable      | 5.61%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands IV B.V.                                                  | TEVA 5.75 12/01/30                                                                             | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |   4167000 | PA      | $4291630.80   | 0.05%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS3713                                                                                      | CUSIP: 3140XKDT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9248775 | PA      | $8753742.67   | 0.09%             | 2036-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5339                                                                                      | CUSIP: 3140XL4Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4003918 | PA      | $3555245.68   | 0.04%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-HQA1 M1                                                                             | CUSIP: 35564NGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6165044 | PA      | $6164888.70   | 0.06%             | 2045-02-27      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-DNA2 M1                                                                             | CUSIP: 35564NHZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1580567 | PA      | $1581320.12   | 0.02%             | 2045-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5362                                                                                      | CUSIP: 3140XL5Y0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4224172 | PA      | $4153593.42   | 0.04%             | 2050-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS8037                                                                                      | CUSIP: 3140XP4X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2339869 | PA      | $2434925.37   | 0.03%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS7607                                                                                      | CUSIP: 3140XPNZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2038112 | PA      | $2113013.49   | 0.02%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS7643                                                                                      | CUSIP: 3140XPP52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5001852 | PA      | $5202047.29   | 0.05%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2024-R01 1M1                                                                               | CUSIP: 20753UAA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2057808 | PA      | $2059843.45   | 0.02%             | 2044-01-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNR 2018-27 EA                                                                                 | CUSIP: 3136B1N26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1774377 | PA      | $1610754.31   | 0.02%             | 2048-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CC0839                                                                                      | CUSIP: 3140Y64Z0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3687381 | PA      | $3795914.62   | 0.04%             | 2055-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN 995757                                                                                      | CUSIP: 31416CE69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40250 | PA      | $42333.88     | 0.00%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust 2025-IND                                                           | BLP 2025-IND A                                                                                 | CUSIP: 05625BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8829000 | PA      | $8801051.92   | 0.09%             | 2042-03-17      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.872 09/15/34                                                                            | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $6536187.64   | 0.07%             | 2034-09-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| CBRE Services Inc                                                                                | CBG 5.95 08/15/34                                                                              | CUSIP: 12505BAG5<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |  11547000 | PA      | $12316443.12  | 0.13%             | 2034-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.7 06/01/34                                                                               | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5130000 | PA      | $5353389.44   | 0.06%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2025-DNA3 M1                                                                             | CUSIP: 35564UAR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1886000 | PA      | $1886044.34   | 0.02%             | 2045-09-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| GCAT 2023-INV1 TRUST                                                                             | GCAT 2023-INV1 A1                                                                              | CUSIP: 36830QAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5956178 | PA      | $6037342.67   | 0.06%             | 2053-08-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5 09/15/32                                                                                 | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2820000 | PA      | $2854506.93   | 0.03%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 5.45 09/15/35                                                                              | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5014000 | PA      | $5102258.08   | 0.05%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.162 01/24/31                                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  16431000 | PA      | $16958193.56  | 0.18%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| BAYVIEW OPPORTUNITY MASTER FUND VII                                                              | BVCLN 2025-EDU1 B                                                                              | CUSIP: 07337GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2250000.00   | 0.02%             | 2048-07-27      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp                                                                                  | CVS 6.2 09/15/55                                                                               | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2902000 | PA      | $2986828.77   | 0.03%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CACI International Inc.                                                                          | CACI 6.375 06/15/33 144A                                                                       | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   2923000 | PA      | $3015222.55   | 0.03%             | 2033-06-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Genesee & Wyoming                                                                                | Genesee & Wyoming Term Loan B 200 2031-03-25                                                   | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |  13026812 | PA      | $12971057.61  | 0.14%             | 2031-04-10      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Belron                                                                                           | Belron Term Loan B 250 2031-10-01                                                              | CUSIP: 08078UAN3<br>LEI: 9845006BC9D1A77B8178 | Long             | LON              | CORP              | US        |   4442430 | PA      | $4461887.84   | 0.05%             | 2031-10-16      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                                 | AMCR 5.8 06/15/31                                                                              | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |  11390000 | PA      | $12042562.14  | 0.13%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2022-1A A1                                                                                | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5507470 | PA      | $5318042.66   | 0.06%             | 2062-08-15      | Fixed         | 5.97%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNR 2019-71 P                                                                                  | CUSIP: 3136B6B77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2312032 | PA      | $2071296.33   | 0.02%             | 2049-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                                                                    | UWM 2021-INV1 A9                                                                               | CUSIP: 90354XAJ9<br>LEI: 549300HW662MN1WU8550 | Long             | ABS-O            | CORP              | US        |   3284618 | PA      | $3059068.75   | 0.03%             | 2051-08-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2022-1A A2                                                                                | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15858416 | PA      | $14895298.07  | 0.16%             | 2062-08-15      | Fixed         | 6.11%                 | Yes           |                  2 | On Loan: No      |
| CME Group Inc.                                                                                   | CME Group Inc. COM USD0.01                                                                     | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    206318 | NS      | $55745060.42  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| COLT 2020-3 Mortgage Loan Trust                                                                  | COLT 2020-3 A1                                                                                 | CUSIP: 12597QAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42081 | PA      | $41463.60     | 0.00%             | 2065-04-27      | Variable      | 1.51%                 | Yes           |                  2 | On Loan: No      |
| Charter Communications Operating, LLC/Charter Communications Operating Capital Corp.             | CHTR 6.65 02/01/34                                                                             | CUSIP: 161175CP7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |  16043000 | PA      | $17143503.44  | 0.18%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                                           | CITSEC 5.5 06/18/30                                                                            | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    390000 | PA      | $400279.65    | 0.00%             | 2030-06-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                                                           | CITSEC 6.2 06/18/35                                                                            | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   1714000 | PA      | $1800514.90   | 0.02%             | 2035-06-18      | Fixed         | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Union Pacific Corporation                                                                        | Union Pacific Corporation COM USD2.50                                                          | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    158084 | NS      | $37366315.08  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                              | US T-BOND 30YR                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      1965 | NC      | $4060624.50   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                                                                            | CIVI 8.75 07/01/31 144A                                                                        | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3479000 | PA      | $3564273.87   | 0.04%             | 2031-07-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                            | CIVI 8.625 11/01/30 144A                                                                       | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1877000 | PA      | $1943942.29   | 0.02%             | 2030-11-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Civitas Resources Inc                                                                            | CIVI 9.625 06/15/33 144A                                                                       | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   6746000 | PA      | $7125173.23   | 0.07%             | 2033-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                                             | CPGX 6.036 11/15/33 144A                                                                       | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4304000 | PA      | $4592524.24   | 0.05%             | 2033-11-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                                             | CPGX 6.544 11/15/53 144A                                                                       | CUSIP: 19828TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4489000 | PA      | $4815178.51   | 0.05%             | 2053-11-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| Columbia Pipelines Operating Co. LLC                                                             | CPGX 6.497 08/15/43 144A                                                                       | CUSIP: 19828TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    868000 | PA      | $925760.54    | 0.01%             | 2043-08-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | COOPR 2025-CES3 A1A                                                                            | CUSIP: 216926AA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4749000 | PA      | $4740217.15   | 0.05%             | 2060-09-25      | Variable      | 4.84%                 | Yes           |                  2 | On Loan: No      |
| CIFC FUNDING 2019-VII LTD/LLC                                                                    | CIFC 2019-7A A1R                                                                               | CUSIP: 171935AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   8828000 | PA      | $8859913.22   | 0.09%             | 2038-10-19      | Variable      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Berry Global Inc                                                                                 | AMCR 5.65 01/15/34                                                                             | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   2037000 | PA      | $2122440.21   | 0.02%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                                   | BCRED 7.3 11/27/28                                                                             | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   5166000 | PA      | $5518178.46   | 0.06%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                                                                     | Cadence Design Systems, Inc. COM USD0.01                                                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    135665 | NS      | $47653687.90  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems, Inc.                                                                     | CDNS 4.7 09/10/34                                                                              | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   5006000 | PA      | $4997913.36   | 0.05%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V6.312 06/08/29                                                                            | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3004000 | PA      | $3151232.20   | 0.03%             | 2029-06-08      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V7.624 10/30/31 .                                                                          | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   6330000 | PA      | $7159182.90   | 0.08%             | 2031-10-30      | Variable      | 7.62%                 | No            |                  2 | On Loan: No      |
| CONE 2024-DWF1                                                                                   | CONE 2024-DFW1 A                                                                               | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5952000 | PA      | $5938512.27   | 0.06%             | 2041-08-15      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| CONE 2024-DWF1                                                                                   | CONE 2024-DFW1 B                                                                               | CUSIP: 20682AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4376181 | PA      | $4451088.28   | 0.05%             | 2041-08-15      | Variable      | 6.44%                 | Yes           |                  2 | On Loan: No      |
| U.S. Bancorp.                                                                                    | USB V5.424 02/12/36                                                                            | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   7864000 | PA      | $8142728.08   | 0.09%             | 2036-02-12      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.75 05/15/55                                                                                | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  72756700 | PA      | $72984064.69  | 0.77%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Blue Owl Finance Llc                                                                             | OWL 6.25 04/18/34                                                                              | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   7954000 | PA      | $8341547.59   | 0.09%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                          | BAH 5.95 08/04/33                                                                              | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   7687000 | PA      | $8072515.66   | 0.08%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Benefit Street Partners CLO IV Ltd.                                                              | BSP 2025-43A A                                                                                 | CUSIP: 08179QAA8<br>LEI: 5493002BNZCV0YE1MG83 | Long             | ABS-CBDO         | CORP              | KY        |  10806000 | PA      | $10838418.00  | 0.11%             | 2038-10-20      | Variable      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| CBAM 2019-11R LTD / LLC                                                                          | CBAM 2019-11RA A1                                                                              | CUSIP: 12510TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4973000 | PA      | $4982419.36   | 0.05%             | 2035-01-22      | Variable      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                                                                     | T 4.875 08/15/45                                                                               | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  77159000 | PA      | $78883021.41  | 0.83%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 4.25 08/15/35                                                                                | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  64780400 | PA      | $65306740.75  | 0.69%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Inc                                                                          | BAH 5.95 04/15/35                                                                              | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |  11859000 | PA      | $12363086.72  | 0.13%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| BX Trust 2018-Bilt                                                                               | BX 2025-VLT7 A                                                                                 | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16788000 | PA      | $16835856.00  | 0.18%             | 2044-07-15      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| CBAM 2019-11R LTD / LLC                                                                          | CBAM 2019-11RA B                                                                               | CUSIP: 12510TAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2006778 | PA      | $2007781.19   | 0.02%             | 2035-01-22      | Variable      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| Cbam 2018-8 Ltd                                                                                  | CBAMR 2018-5A A1R                                                                              | CUSIP: 12516LAC9<br>LEI: 254900YSCN4KH02DQ033 | Long             | ABS-CBDO         | CORP              | KY        |   5299000 | PA      | $5315257.33   | 0.06%             | 2038-10-18      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-AIRC                                                                         | BX 2024-AIRC C                                                                                 | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3769122 | PA      | $3778426.81   | 0.04%             | 2039-08-15      | Variable      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2025-SPOT A                                                                                 | CUSIP: 12433FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4392658 | PA      | $4395758.57   | 0.05%             | 2040-04-16      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.875 08/31/32                                                                               | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6815000 | PA      | $6794767.97   | 0.07%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                                     | T 3.625 08/31/30                                                                               | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 281377200 | PA      | $279926348.81 | 2.94%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TransDigm                                                                                        | TransDigm Term Loan M (Incremental) 250 2032-08-01                                             | CUSIP: 89364MCE2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   7220000 | PA      | $7210758.40   | 0.08%             | 2032-08-19      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2025-GW A                                                                                   | CUSIP: 12433GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7965000 | PA      | $7981649.81   | 0.08%             | 2042-07-15      | Variable      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| CRB Securitization Trust 2023-1                                                                  | CRB 2023-1 A                                                                                   | CUSIP: 12670DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60559 | PA      | $60628.72     | 0.00%             | 2033-10-20      | Fixed         | 6.96%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNMA-30YR                                                                                      | CUSIP: 01F0326A7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    830458 | PA      | $758933.97    | 0.01%             | 2051-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FNMA-30YR                                                                                      | CUSIP: 01F0506A9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    372000 | PA      | $368916.12    | 0.00%             | 2055-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2-30YR-Multi                                                                                  | CUSIP: 21H0226A4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  15308258 | PA      | $13172495.77  | 0.14%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2-30YR-Multi                                                                                  | CUSIP: 21H0326A3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  19884335 | PA      | $18128130.65  | 0.19%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2-30YR-Multi                                                                                  | CUSIP: 21H0406A6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4572047 | PA      | $4298940.34   | 0.05%             | 2052-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                                                                 | AEP 5.625 03/01/33                                                                             | CUSIP: 025537AX9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   7210000 | PA      | $7579111.48   | 0.08%             | 2033-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2-30YR-Multi                                                                                  | CUSIP: 21H0506A5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6595041 | PA      | $6559368.42   | 0.07%             | 2055-03-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Express Company                                                                         | American Express Company COM USD0.20                                                           | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    444760 | NS      | $147731481.60 | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company                                                                         | AXP V4.918 07/20/33                                                                            | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   8088000 | PA      | $8228798.90   | 0.09%             | 2033-07-20      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Adobe Inc                                                                                        | Adobe Inc COM USD0.0001                                                                        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     83201 | NS      | $29349152.75  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                                                                                    | Alphabet Inc. CAP USD0.001 CL C                                                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   1309909 | NS      | $319028336.95 | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                                                                 | Amazon.com, Inc. COM USD0.01                                                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   1325851 | NS      | $291117104.07 | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor Flexibles North America Inc                                                                | AMCR 5.5 03/17/35                                                                              | CUSIP: 02344AAH1<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   4922000 | PA      | $5068218.99   | 0.05%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                            | BAC V5.744 02/12/36                                                                            | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  27060000 | PA      | $28114490.32  | 0.30%             | 2036-02-12      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                                                                | BK V6.474 10/25/34 MTN                                                                         | CUSIP: 06406RBU0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   7801000 | PA      | $8694855.82   | 0.09%             | 2034-10-25      | Variable      | 6.47%                 | No            |                  2 | On Loan: No      |
| BAYVIEW MSR OPPORTUNITY MASTER FUND                                                              | BVINV 2021-5 AF                                                                                | CUSIP: 07336JAX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3789298 | PA      | $3524837.52   | 0.04%             | 2051-11-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BAYVIEW MSR OPPORTUNITY MASTER FUND                                                              | BVINV 2022-2 A1                                                                                | CUSIP: 07336NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2968269 | PA      | $2566187.08   | 0.03%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5130                                                                                      | CUSIP: 3140XLVY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16005562 | PA      | $13705901.00  | 0.14%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5491                                                                                      | CUSIP: 3140XMC53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6666077 | PA      | $5918313.75   | 0.06%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS5988                                                                                      | CUSIP: 3140XMUN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6733985 | PA      | $5756030.81   | 0.06%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN FS6926                                                                                      | CUSIP: 3140XNVU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17255345 | PA      | $14765714.78  | 0.16%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                                          | UNH 4.95 01/15/32                                                                              | CUSIP: 91324PFH0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |  11384000 | PA      | $11664399.19  | 0.12%             | 2032-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V3.887 01/10/28                                                                              | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  11561000 | PA      | $11513804.07  | 0.12%             | 2028-01-10      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V5.827 02/13/35                                                                              | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  17397000 | PA      | $18043322.04  | 0.19%             | 2035-02-13      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| Universal Health Services, Inc.                                                                  | UHS 2.65 10/15/30                                                                              | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |  10551000 | PA      | $9525577.22   | 0.10%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| VASA TRUST                                                                                       | VASA 2021-VASA A                                                                               | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2382000 | PA      | $2324319.06   | 0.02%             | 2039-07-15      | Variable      | 5.17%                 | Yes           |                  2 | On Loan: No      |
| VICI Properties LP                                                                               | VICI 5.625 04/01/35                                                                            | CUSIP: 925650AK9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   5593000 | PA      | $5726727.68   | 0.06%             | 2035-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Viper Energy Partners LLC                                                                        | VNOM 4.9 08/01/30                                                                              | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   2159000 | PA      | $2175098.80   | 0.02%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                                       | Amgen Inc. COM USD0.0001                                                                       | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    145133 | NS      | $40956532.60  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                                                                             | Amphenol Corporation CL'A'COM USD0.001                                                         | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    637006 | NS      | $78829492.50  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V4.503 09/11/31                                                                              | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3290000 | PA      | $3291778.51   | 0.03%             | 2031-09-11      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                                   | C V5.174 09/11/36                                                                              | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2832000 | PA      | $2860738.74   | 0.03%             | 2036-09-11      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                                | CMDC 2025-1A A2                                                                                | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7338000 | PA      | $7469302.42   | 0.08%             | 2050-02-25      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                                | CMDC 2025-2A A2                                                                                | CUSIP: 20469BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4569000 | PA      | $4686254.32   | 0.05%             | 2050-02-25      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer II LLC                                                                | CMPDC 2025-1A A1                                                                               | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13824000 | PA      | $13980059.31  | 0.15%             | 2050-05-25      | Fixed         | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Corteva Inc                                                                                      | Corteva Inc COM USD0.01                                                                        | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    445003 | NS      | $30095552.89  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Oak Mortgage Trust                                                                         | AOMT 2019-5 A1                                                                                 | CUSIP: 03464KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    128624 | PA      | $126945.23    | 0.00%             | 2049-10-25      | Variable      | 2.59%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2019-6                                                                  | AOMT 2019-6 A1                                                                                 | CUSIP: 03464VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405547 | PA      | $399068.68    | 0.00%             | 2059-11-25      | Variable      | 2.62%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2020-3                                                                  | AOMT 2020-3 A2                                                                                 | CUSIP: 03465LAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    446008 | PA      | $430031.58    | 0.00%             | 2065-04-25      | Variable      | 2.41%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                                         | AOMT 2024-5 A1                                                                                 | CUSIP: 03465YAA5<br>LEI: 25490045FDNHIWZ12934 | Long             | ABS-O            | CORP              | US        |   7899114 | PA      | $7846645.27   | 0.08%             | 2068-07-25      | Variable      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                                         | AOMT 2025-6 A1                                                                                 | CUSIP: 034937AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5983385 | PA      | $6033042.48   | 0.06%             | 2070-04-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Apple Inc.                                                                                       | Apple Inc. COM USD0.00001                                                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   1132504 | NS      | $288369493.52 | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                                                                     | Costco Wholesale Corporation COM USD0.01                                                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     47525 | NS      | $43990565.75  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2023-1A B                                                                                | CUSIP: 23284BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1512691 | PA      | $1501984.73   | 0.02%             | 2048-04-20      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Applovin Corp.                                                                                   | APP 5.375 12/01/31                                                                             | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   6587000 | PA      | $6814091.24   | 0.07%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Applovin Corp.                                                                                   | APP 5.5 12/01/34                                                                               | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   7627000 | PA      | $7872942.00   | 0.08%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust 2019-A                                                                        | AQFIT 2021-A A                                                                                 | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    579265 | PA      | $535163.71    | 0.01%             | 2046-07-17      | Fixed         | 1.54%                 | Yes           |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust 2022-1                                              | ARIVO 2022-1A A                                                                                | CUSIP: 04047EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28864 | PA      | $28845.68     | 0.00%             | 2028-05-15      | Fixed         | 3.93%                 | Yes           |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                                 | AJG 6.5 02/15/34                                                                               | CUSIP: 04316JAF6<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   3511000 | PA      | $3892951.82   | 0.04%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                                 | AJG 5 02/15/32                                                                                 | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   1133000 | PA      | $1155973.13   | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gallagher Aj &Co                                                                                 | AJG 5.15 02/15/35                                                                              | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   2833000 | PA      | $2866496.06   | 0.03%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Automatic Data Processing, Inc.                                                                  | Automatic Data Processing, Inc. COM USD0.10                                                    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    112609 | NS      | $33050741.50  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BX TRUST 2024-VLT4                                                                               | BX 2024-VLT4 A                                                                                 | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8689450 | PA      | $8688345.15   | 0.09%             | 2041-06-17      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| BX COML MTG TR 2024-VLT5                                                                         | BX 2024-VLT5 A                                                                                 | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11808000 | PA      | $12024293.17  | 0.13%             | 2046-11-13      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-GPA3 A                                                                                 | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5281237 | PA      | $5288831.91   | 0.06%             | 2039-12-15      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| BX Trust 2018-Bilt                                                                               | BX 2024-GPA3 B                                                                                 | CUSIP: 123910AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3652376 | PA      | $3659252.18   | 0.04%             | 2039-12-15      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                            | DNKN 2017-1A A2II                                                                              | CUSIP: 233046AF8<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1795425 | PA      | $1774467.70   | 0.02%             | 2047-11-20      | Fixed         | 4.03%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                            | DNKN 2021-1A A2II                                                                              | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1665125 | PA      | $1570819.85   | 0.02%             | 2051-11-20      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| DB Master Finance LLC                                                                            | DNKN 2021-1A A23                                                                               | CUSIP: 233046AS0<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1245475 | PA      | $1098373.24   | 0.01%             | 2051-11-20      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| FREMF 2023-K511 MORTGAGE TRUST                                                                   | FREMF 2023-K511 C                                                                              | CUSIP: 30334FAG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1838000 | PA      | $1715113.53   | 0.02%             | 2028-11-25      | Variable      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2023-2A A2                                                                               | CUSIP: 23284BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2249382 | PA      | $2272852.32   | 0.02%             | 2048-11-20      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2024-1A A2                                                                               | CUSIP: 23284BAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3355063 | PA      | $3317515.35   | 0.03%             | 2049-03-22      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2024-2A A2                                                                               | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1180320.20   | 0.01%             | 2049-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                               | CYRUS 2024-3A A2                                                                               | CUSIP: 23284BAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11661000 | PA      | $11324880.22  | 0.12%             | 2049-05-20      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: No      |
| DATA 2024 CNTR2 MORTGAGE TRUST                                                                   | DATA 2024-CTR2 A                                                                               | CUSIP: 238020AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2393509 | PA      | $2412107.40   | 0.03%             | 2046-05-10      | Variable      | 5.48%                 | Yes           |                  2 | On Loan: No      |
| DROP MTGE TST                                                                                    | DROP 2021-FILE A                                                                               | CUSIP: 26210YAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2133961 | PA      | $2075818.17   | 0.02%             | 2043-10-15      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FR QA2159                                                                                      | CUSIP: 31334YMG9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |    201174 | PA      | $177077.99    | 0.00%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QA5622                                                                                      | CUSIP: 3133A0G73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    174163 | PA      | $155228.51    | 0.00%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FR QA8274                                                                                      | CUSIP: 3133A3FP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    140094 | PA      | $128764.58    | 0.00%             | 2050-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QB1708                                                                                      | CUSIP: 3133A73R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    252087 | PA      | $217954.27    | 0.00%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2020-Hqa2                                                          | FR QB2976                                                                                      | CUSIP: 3133A9JV8<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-MBS          | USGSE             | US        |    107509 | PA      | $92919.07     | 0.00%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust 2020-Hqa2                                                          | FR QB3353                                                                                      | CUSIP: 3133A9WN1<br>LEI: 5493000ITBJ4KEFYWF83 | Long             | ABS-MBS          | USGSE             | US        |    480029 | PA      | $414735.54    | 0.00%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KRE COMMERCIAL MORTGAGE TRUST 2025-                                                              | KRE 2025-AIP4 A                                                                                | CUSIP: 50077KAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7547000 | PA      | $7535945.81   | 0.08%             | 2042-03-17      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LBA TR 2024-BOLT                                                                                 | LBA 2024-BOLT A                                                                                | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6949352 | PA      | $6951322.55   | 0.07%             | 2039-06-15      | Variable      | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                            | FR QC5848                                                                                      | CUSIP: 3133AQP92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14287671 | PA      | $12168430.73  | 0.13%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | FR QD4842                                                                                      | CUSIP: 3133B2LX5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    674174 | PA      | $578439.22    | 0.01%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                                                     | OCINCC 4.7 02/08/27 *                                                                          | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    877000 | PA      | $875485.99    | 0.01%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.                                                                     | OCINCC 7.95 06/13/28                                                                           | CUSIP: 69120VBB6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   3051000 | PA      | $3267915.97   | 0.03%             | 2028-06-13      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FR QD6087                                                                                      | CUSIP: 3133B3XQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1058079 | PA      | $908155.91    | 0.01%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD7069                                                                                      | CUSIP: 3133B42A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1627352 | PA      | $1394580.11   | 0.01%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| 2023-MIC TRUST/THE                                                                               | THE 2023-MIC A                                                                                 | CUSIP: 87256GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5052469 | PA      | $5472266.43   | 0.06%             | 2038-12-05      | Variable      | 8.73%                 | Yes           |                  2 | On Loan: No      |
| Texas Commercial Mortgage Trust 2025-Twr                                                         | TEXAS 2025-TWR A                                                                               | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2757000 | PA      | $2748836.61   | 0.03%             | 2042-04-15      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD6554                                                                                      | CUSIP: 3133B4H73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    877774 | PA      | $780612.72    | 0.01%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD6555                                                                                      | CUSIP: 3133B4H81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    577485 | PA      | $515998.86    | 0.01%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD8288                                                                                      | CUSIP: 3133B6F54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    270092 | PA      | $230481.75    | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL5887                                                                                      | CUSIP: 3138ENRH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    515417 | PA      | $513994.95    | 0.01%             | 2044-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Trust                                                                            | PRK 2017-280P A                                                                                | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3072117 | PA      | $3046690.70   | 0.03%             | 2034-09-15      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Accenture PLC                                                                                    | Accenture PLC CLS'A'USD0.0000225                                                               | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | US        |    133247 | NS      | $32858710.20  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL5942                                                                                      | CUSIP: 3138ENS83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25056 | PA      | $25385.83     | 0.00%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL6542                                                                                      | CUSIP: 3138EPHU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    853219 | PA      | $850864.67    | 0.01%             | 2045-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL6842                                                                                      | CUSIP: 3138EPS88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192634 | PA      | $185952.16    | 0.00%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL6997                                                                                      | CUSIP: 3138EPX33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    218745 | PA      | $218237.78    | 0.00%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AL7381                                                                                      | CUSIP: 3138EQFX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    442667 | PA      | $440296.87    | 0.00%             | 2045-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AT2957                                                                                      | CUSIP: 3138WQJB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    328056 | PA      | $300284.75    | 0.00%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AGL CLO I Ltd.                                                                                   | AGL 2023-26A A1R                                                                               | CUSIP: 00852HAL5<br>LEI: 5493005XHETQNZF9TM25 | Long             | ABS-O            | CORP              | JE        |  13400000 | PA      | $13449703.28  | 0.14%             | 2038-10-21      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Ares Lv Clo Ltd / Ares Lv Clo Llc                                                                | ARES 2019-53A A1R                                                                              | CUSIP: 04009GAQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10419000 | PA      | $10435418.26  | 0.11%             | 2036-10-24      | Variable      | 5.60%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0130                                                                                      | CUSIP: 3140FXEC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2366170 | PA      | $2168099.31   | 0.02%             | 2056-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0189                                                                                      | CUSIP: 3140FXF72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43673 | PA      | $37882.91     | 0.00%             | 2057-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO 2024-1 Ltd/ LLC                                                          | BCC 2023-3A A1R                                                                                | CUSIP: 05682CAL1<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | KY        |   7772000 | PA      | $7797495.27   | 0.08%             | 2038-10-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Ballyrock Clo 2018-1 Ltd/ Llc                                                                    | BALLY 2020-14A A1BR                                                                            | CUSIP: 05874XAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1845969 | PA      | $1853207.41   | 0.02%             | 2037-07-20      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0167                                                                                      | CUSIP: 3140FXFH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2379024 | PA      | $2074428.97   | 0.02%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BF0598                                                                                      | CUSIP: 3140FXUY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5719176 | PA      | $4780630.55   | 0.05%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BH1902                                                                                      | CUSIP: 3140GQDG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71990 | PA      | $67631.79     | 0.00%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ4559                                                                                      | CUSIP: 3140H6B57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    515675 | PA      | $482820.63    | 0.01%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ4566                                                                                      | CUSIP: 3140H6CC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1925362 | PA      | $1861808.86   | 0.02%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ4567                                                                                      | CUSIP: 3140H6CD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1901642 | PA      | $1836645.93   | 0.02%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5379                                                                                      | CUSIP: 3140MJ6R1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2720708 | PA      | $2430415.88   | 0.03%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5380                                                                                      | CUSIP: 3140MJ6S9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2328362 | PA      | $2070110.82   | 0.02%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5393                                                                                      | CUSIP: 3140MJ7F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1209821 | PA      | $1123887.55   | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5394                                                                                      | CUSIP: 3140MJ7G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2194804 | PA      | $2036455.30   | 0.02%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV5152                                                                                      | CUSIP: 3140MJWN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    466455 | PA      | $399734.72    | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV7131                                                                                      | CUSIP: 3140ML4R8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    109773 | PA      | $107063.89    | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV7132                                                                                      | CUSIP: 3140ML4S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137444 | PA      | $134051.69    | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV6879                                                                                      | CUSIP: 3140MLUD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    345344 | PA      | $336873.99    | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV7632                                                                                      | CUSIP: 3140MMPS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    312069 | PA      | $304415.27    | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV8484                                                                                      | CUSIP: 3140MNNA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    405294 | PA      | $376506.28    | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV8485                                                                                      | CUSIP: 3140MNNB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    755499 | PA      | $700991.88    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV8544                                                                                      | CUSIP: 3140MNP67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1205883 | PA      | $1118792.44   | 0.01%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW0072                                                                                      | CUSIP: 3140MRCJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    115922 | PA      | $113060.36    | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW0081                                                                                      | CUSIP: 3140MRCT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    195225 | PA      | $190406.11    | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BARINGS LN PARTNERS CLO LTD 5                                                                    | BABSN LP-5A A                                                                                  | CUSIP: 06764CAA4<br>LEI: 2549006Y8VRIV10TBW72 | Long             | ABS-CBDO         | CORP              | KY        |   8736327 | PA      | $8759615.43   | 0.09%             | 2035-01-22      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Benefit Street Partners CLO XV Ltd/Llc                                                           | BSP 2018-15A A1R                                                                               | CUSIP: 08179MAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12565000 | PA      | $12602480.14  | 0.13%             | 2037-07-15      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW0343                                                                                      | CUSIP: 3140MRLZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564080 | PA      | $550156.99    | 0.01%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BW0972                                                                                      | CUSIP: 3140MSCJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2099369 | PA      | $2052000.52   | 0.02%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Constellation Software Inc.                                                                      | CSUCN 5.158 02/16/29 144A                                                                      | CUSIP: 21037XAC4<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |   2126000 | PA      | $2171080.98   | 0.02%             | 2029-02-16      | Fixed         | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Constellation Software Inc.                                                                      | CSUCN 5.461 02/16/34 144A                                                                      | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |   6181000 | PA      | $6314285.54   | 0.07%             | 2034-02-16      | Fixed         | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BW1288                                                                                      | CUSIP: 3140MSNE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    849669 | PA      | $851285.77    | 0.01%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BW7369                                                                                      | CUSIP: 3140N0FK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1901801 | PA      | $1908462.42   | 0.02%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX5759                                                                                      | CUSIP: 3140NAMH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    379320 | PA      | $380390.44    | 0.00%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE2 A                                                                               | CUSIP: 31684KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3984948 | PA      | $4058008.33   | 0.04%             | 2055-03-25      | Variable      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE3 A                                                                               | CUSIP: 31684LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4485082 | PA      | $4547545.20   | 0.05%             | 2055-05-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE5 A                                                                               | CUSIP: 31684MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3143371 | PA      | $3171496.12   | 0.03%             | 2055-08-25      | Variable      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2025-HE4 A                                                                               | CUSIP: 31684PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2862158 | PA      | $2894105.54   | 0.03%             | 2055-07-25      | Variable      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                                    | F 7.122 11/07/33                                                                               | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3812000 | PA      | $4074553.67   | 0.04%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                                                           | FABSJV 5.875 01/25/34                                                                          | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   6784000 | PA      | $7067345.63   | 0.07%             | 2034-01-25      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Diageo Capital PLC                                                                               | DGELN 2.125 04/29/32                                                                           | CUSIP: 25243YBE8<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   2398000 | PA      | $2074416.25   | 0.02%             | 2032-04-29      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Flutter Treasury Designated Activity Co.                                                         | FLTR 5.875 06/04/31 144A                                                                       | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   3621000 | PA      | $3675387.42   | 0.04%             | 2031-06-04      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| CROTON PARK CLO LTD                                                                              | CRTPK 2024-1A A2                                                                               | CUSIP: 227800AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5745000 | PA      | $5759039.06   | 0.06%             | 2036-10-15      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                              | US T-NOTE 5YR                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      3878 | NC      | $-565841.13   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                              | US T-BOND ULTRA                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        87 | NC      | $297146.32    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                                                                              | Walt Disney Company COM DISNEY USD0.01                                                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    818777 | NS      | $93749966.50  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                                                               | Meta Platforms Inc COM USD0.000006 CL 'A'                                                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    286582 | NS      | $210460089.16 | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD9191                                                                                      | CUSIP: 3133B7F86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    197534 | PA      | $183518.18    | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD9182                                                                                      | CUSIP: 3133B7FX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    826376 | PA      | $738297.02    | 0.01%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QD9513                                                                                      | CUSIP: 3133B7SA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1148757 | PA      | $978499.45    | 0.01%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE0318                                                                                      | CUSIP: 3133B9K78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     92048 | PA      | $89789.92     | 0.00%             | 2052-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE0354                                                                                      | CUSIP: 3133B9MB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    878106 | PA      | $814753.03    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE1072                                                                                      | CUSIP: 3133BAFM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    868427 | PA      | $805772.15    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QN0783                                                                                      | CUSIP: 3133G62Q7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    209039 | PA      | $201546.14    | 0.00%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QN0786                                                                                      | CUSIP: 3133G62T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    474571 | PA      | $457990.24    | 0.00%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QN0951                                                                                      | CUSIP: 3133G7BU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    143018 | PA      | $135551.47    | 0.00%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1087                                                                                      | CUSIP: 3133KGF45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    882889 | PA      | $866002.58    | 0.01%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                                           | GM 6.25 04/15/35                                                                               | CUSIP: 37045VBB5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   3822000 | PA      | $4019649.72   | 0.04%             | 2035-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KLA Corp.                                                                                        | KLA Corp. COM USD0.001                                                                         | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     77155 | NS      | $83219383.00  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST                                                                       | LADAR 2022-1A A                                                                                | CUSIP: 501687AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     69707 | PA      | $69720.63     | 0.00%             | 2027-06-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST 2024-RTL2                                                                   | LHOME 2024-RTL2 A1                                                                             | CUSIP: 50205JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2268288 | PA      | $2288345.56   | 0.02%             | 2029-03-25      | Variable      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| OASIS SECURITISATION 21-2A                                                                       | OASIS 2025-1A A                                                                                | CUSIP: 53161AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5006000 | PA      | $5033900.44   | 0.05%             | 2039-08-15      | Fixed         | 6.36%                 | Yes           |                  2 | On Loan: No      |
| OASIS SECURITISATION 24-1A                                                                       | OASIS 2024-1A A                                                                                | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1616000 | PA      | $1612955.62   | 0.02%             | 2038-09-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MSCI Inc.                                                                                        | MSCI 3.625 09/01/30 144A                                                                       | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   8577000 | PA      | $8186394.59   | 0.09%             | 2030-09-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| MSCI Inc.                                                                                        | MSCI 3.875 02/15/31 144A                                                                       | CUSIP: 55354GAL4<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   6019000 | PA      | $5767047.01   | 0.06%             | 2031-02-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Marlette Funding Trust 2017-1                                                                    | MFT 2023-2A B                                                                                  | CUSIP: 57109LAB9<br>LEI: 549300J7CH2COR8VWE03 | Long             | ABS-O            | CORP              | US        |     85718 | PA      | $85777.96     | 0.00%             | 2033-06-15      | Fixed         | 6.54%                 | Yes           |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                                                                 | Marsh & McLennan Companies, Inc. COM USD1.00                                                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    185978 | NS      | $37480146.34  | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                                                                           | MRVL 1.65 04/15/26                                                                             | CUSIP: 573874AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3621181.39   | 0.04%             | 2026-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                           | MRVL 4.75 07/15/30                                                                             | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2522000 | PA      | $2554849.10   | 0.03%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                                           | MRVL 5.45 07/15/35                                                                             | CUSIP: 573874AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6589000 | PA      | $6792817.21   | 0.07%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| MasterCard Incorporated                                                                          | MasterCard Incorporated COM USD0.0001 CLASS A                                                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    379317 | NS      | $215759302.77 | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                                      | MELLO 2021-INV3 A11                                                                            | CUSIP: 585491BC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3453561 | PA      | $3224280.85   | 0.03%             | 2051-10-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                                      | MELLO 2021-INV2 A11                                                                            | CUSIP: 58549XBC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2721770 | PA      | $2540223.45   | 0.03%             | 2051-08-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance 2018-Mtg1                                                      | MELLO 2024-SD1 A1                                                                              | CUSIP: 58550DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2613344 | PA      | $2570555.86   | 0.03%             | 2054-04-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Microsoft Corp.                                                                                  | Microsoft Corp. COM USD0.00000625                                                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   1050287 | NS      | $543996151.65 | 5.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                                                                            | Monster Beverage Corp COM USD0.005                                                             | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |    662688 | NS      | $44605529.28  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp.                                                                                     | Moodys Corp. COM USD0.01                                                                       | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     54250 | NS      | $25849040.00  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                                   | Morgan Stanley COM USD0.01                                                                     | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    533840 | NS      | $84859206.40  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V2.943 01/21/33                                                                             | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5523000 | PA      | $5021255.77   | 0.05%             | 2033-01-21      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.424 07/21/34 MTN                                                                         | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6139000 | PA      | $6396230.98   | 0.07%             | 2034-07-21      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                              | NRMLT 2024-RTL2 A1                                                                             | CUSIP: 64831WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3319000 | PA      | $3345777.03   | 0.04%             | 2039-09-25      | Variable      | 5.44%                 | Yes           |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL                                                                             | OBX 2022-INV1 A1                                                                               | CUSIP: 67115NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1252504 | PA      | $1081313.57   | 0.01%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| OAK STREET INVESTMENT                                                                            | OAKIG 2020-1A A1                                                                               | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3260727 | PA      | $3112290.38   | 0.03%             | 2050-11-20      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 8.875 07/15/30                                                                             | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3602000 | PA      | $4161531.08   | 0.04%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 6.625 09/01/30                                                                             | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2536000 | PA      | $2717128.73   | 0.03%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 6.125 01/01/31                                                                             | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   4546000 | PA      | $4788601.70   | 0.05%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 5.2 08/01/29                                                                               | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3246000 | PA      | $3293709.71   | 0.03%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                                       | OXY 5.375 01/01/32                                                                             | CUSIP: 674599EK7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7465000 | PA      | $7591770.63   | 0.08%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Open Trust 2023-AIR                                                                              | OPEN 2023-AIR A                                                                                | CUSIP: 68373BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    315456 | PA      | $315346.74    | 0.00%             | 2040-11-15      | Variable      | 7.24%                 | Yes           |                  2 | On Loan: No      |
| Open Trust 2023-AIR                                                                              | OPEN 2023-AIR C                                                                                | CUSIP: 68373BAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1438086 | PA      | $1437601.35   | 0.02%             | 2040-11-15      | Variable      | 9.39%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV                                                | OGN 6.75 05/15/34 144A                                                                         | CUSIP: 68622FAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   5728000 | PA      | $5492502.39   | 0.06%             | 2034-05-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Organon & Co. / Organon Foreign Debt Co-Issuer BV                                                | OGN 7.875 05/15/34 144a                                                                        | CUSIP: 68622FAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |   7626000 | PA      | $7064734.03   | 0.07%             | 2034-05-15      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: —       |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2023-CES1 A1A                                                                             | CUSIP: 74935WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1414509 | PA      | $1423886.45   | 0.01%             | 2043-06-25      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES5 A1A                                                                             | CUSIP: 74938KAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6178809 | PA      | $6221489.65   | 0.07%             | 2044-08-25      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES2 A1A                                                                             | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6621726 | PA      | $6696542.65   | 0.07%             | 2044-04-25      | Variable      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES1 A1A                                                                             | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3118597 | PA      | $3150088.93   | 0.03%             | 2044-02-25      | Variable      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Vantage Data Centers Issuer                                                                      | VDC 2020-2A A2                                                                                 | CUSIP: 92212KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3097000 | PA      | $2930262.50   | 0.03%             | 2045-09-15      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated                                                              | Vertex Pharmaceuticals Incorporated COM USD0.01                                                | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |    109813 | NS      | $43007163.32  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Partners LLC                                                                        | VNOM 5.7 08/01/35                                                                              | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |   5742000 | PA      | $5838006.24   | 0.06%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                                      | Vistra Corp COM USD0.01                                                                        | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    143829 | NS      | $28178977.68  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                   | WFCM 2025-VTT A                                                                                | CUSIP: 94990GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10219000 | PA      | $10256551.75  | 0.11%             | 2038-03-15      | Variable      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                                | WFC V5.244 01/24/31                                                                            | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  15197000 | PA      | $15722934.58  | 0.17%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2012-Lc5                                                   | WFCM 2021-SAVE A                                                                               | CUSIP: 95003LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    460601 | PA      | $459401.51    | 0.00%             | 2040-02-15      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                               | WEN 2021-1A A2I                                                                                | CUSIP: 95058XAK4<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   1275375 | PA      | $1179766.36   | 0.01%             | 2051-06-15      | Fixed         | 2.37%                 | Yes           |                  2 | On Loan: No      |
| Wendys Funding Llc                                                                               | WEN 2021-1A A2II                                                                               | CUSIP: 95058XAL2<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   3546554 | PA      | $3176557.54   | 0.03%             | 2051-06-15      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| Western Digital Corp.                                                                            | WDC 4.75 02/15/26                                                                              | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1521000 | PA      | $1520112.19   | 0.02%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts 2022-1 Llc                                                                      | WESTR 2022-1A A                                                                                | CUSIP: 96034JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274566 | PA      | $273174.53    | 0.00%             | 2036-08-20      | Fixed         | 1.79%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                                                  | MDPK 2022-62A A1R2                                                                             | CUSIP: 55817HAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9017000 | PA      | $9047865.19   | 0.10%             | 2038-07-16      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding LV Ltd / Madison Park Funding LV LLC                                        | MDPK 2022-55A A1R                                                                              | CUSIP: 55819FAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12893139 | PA      | $12932892.42  | 0.14%             | 2037-07-20      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                                                  | MDPK 2019-34A A2RR                                                                             | CUSIP: 55819GAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4190000 | PA      | $4201152.52   | 0.04%             | 2037-10-16      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Xxxiv Ltd.                                                                  | MDPK 2025-73A A1                                                                               | CUSIP: 55823HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9600000 | PA      | $9624502.08   | 0.10%             | 2038-10-18      | Variable      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| MAGNETITE 50 LIMITED                                                                             | MAGNE 2025-50A A1                                                                              | CUSIP: 55956MAA7<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |   6846000 | PA      | $6868249.50   | 0.07%             | 2038-07-26      | Variable      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO LTD 2020-8R                                                                              | OCP 2020-8RA AR                                                                                | CUSIP: 670898AQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8736327 | PA      | $8747419.51   | 0.09%             | 2036-10-17      | Variable      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| OHA Credit Funding 7 Ltd.                                                                        | OAKC 2020-7A A1R2                                                                              | CUSIP: 67098WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8534000 | PA      | $8555335.00   | 0.09%             | 2038-07-19      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO 2014-6 Ltd.                                                                              | OCP 2025-44A A                                                                                 | CUSIP: 67570UAA0<br>LEI: 2549001TBA76KDJQIQ68 | Long             | ABS-CBDO         | CORP              | KY        |   4302000 | PA      | $4315460.96   | 0.05%             | 2038-10-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Octagon Investment Partners XXIV Ltd.                                                            | OCT42 2019-3A A2RR                                                                             | CUSIP: 67576PBA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    900034 | PA      | $902242.23    | 0.01%             | 2037-07-15      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Oha Credit Partners Xv Limited                                                                   | OAKC 2021-9A A2R                                                                               | CUSIP: 67690AAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6022000 | PA      | $6050759.27   | 0.06%             | 2037-10-19      | Variable      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                               | RPRX 3.55 09/02/50                                                                             | CUSIP: 78081BAM5<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   3923000 | PA      | $2756186.11   | 0.03%             | 2050-09-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Voya CLO 2014-4 Ltd                                                                              | VOYA 2024-4A A2                                                                                | CUSIP: 92920KAC3<br>LEI: 549300JHU3YI1LLL3V27 | Long             | ABS-CBDO         | CORP              | KY        |   3637684 | PA      | $3645775.66   | 0.04%             | 2037-07-20      | Variable      | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Royal Caribbean Group                                                                            | Royal Caribbean Group COM USD0.01                                                              | CUSIP: V7780T103<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | US        |    207894 | NS      | $67270340.52  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY4284                                                                                      | CUSIP: 3140NLXN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    161961 | PA      | $166017.84    | 0.00%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BY6374                                                                                      | CUSIP: 3140NPCL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    429225 | PA      | $437332.23    | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BY6690                                                                                      | CUSIP: 3140NPNG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    325342 | PA      | $326195.67    | 0.00%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BY7004                                                                                      | CUSIP: 3140NPYA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    219224 | PA      | $224680.15    | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA0108                                                                                      | CUSIP: 3140Q7DN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    182227 | PA      | $171194.74    | 0.00%             | 2047-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA3683                                                                                      | CUSIP: 3140QBCV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88315 | PA      | $86834.77     | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA4035                                                                                      | CUSIP: 3140QBPV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139184 | PA      | $136850.34    | 0.00%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN CA4646                                                                                      | CUSIP: 3140QCEU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564633 | PA      | $512747.56    | 0.01%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                                                 | DTMINC 4.125 06/15/29 144A                                                                     | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8843000 | PA      | $8627798.08   | 0.09%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream Inc                                                                                 | DTMINC 4.375 06/15/31 144A                                                                     | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14397000 | PA      | $13913749.87  | 0.15%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| DT Midstream Inc                                                                                 | DTMINC 4.3 04/15/32 144A                                                                       | CUSIP: 23345MAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2519000 | PA      | $2409311.45   | 0.03%             | 2032-04-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Danaher Corporation                                                                              | Danaher Corporation COM USD0.01                                                                | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |    272074 | NS      | $53941391.24  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                                                                                  | Deere & Company COM USD1                                                                       | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     83240 | NS      | $38062322.40  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMOND INFRASTRUCTURE FUNDING                                                                   | DNFRA 2021-1A A                                                                                | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4917000 | PA      | $4734835.97   | 0.05%             | 2049-04-15      | Fixed         | 1.76%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V7.964 11/02/34                                                                            | CUSIP: 254709AT5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4170000 | PA      | $4930319.94   | 0.05%             | 2034-11-02      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                                 | DUK 5.45 06/15/34                                                                              | CUSIP: 26441CCE3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |  12350000 | PA      | $12845830.76  | 0.13%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Duquesne Light Holdings, Inc.                                                                    | DQE 2.775 01/07/32 144A                                                                        | CUSIP: 266233AJ4<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |   4842000 | PA      | $4289133.37   | 0.05%             | 2032-01-07      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| EFMT 2025-CES1 Trust                                                                             | EFMT 2025-CES1 A1A                                                                             | CUSIP: 26846VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2278082 | PA      | $2304357.82   | 0.02%             | 2060-01-25      | Variable      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Copeland (Emerson Electrics climate control business)                                            | Copeland (Emerson Electrics climate control business) Term Loan B 250 2030-05-01               | CUSIP: 26872NAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3060232 | PA      | $3049858.08   | 0.03%             | 2030-05-31      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                                     | EXC 5.45 03/15/34                                                                              | CUSIP: 30161NBN0<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   6072000 | PA      | $6302114.59   | 0.07%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Extended Stay America, Inc.                                                                      | ESA 2021-ESH A                                                                                 | CUSIP: 30227FAA8<br>LEI: 549300IESZBC3BJUJW64 | Long             | ABS-O            | CORP              | US        |   2179868 | PA      | $2178423.14   | 0.02%             | 2038-07-15      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2020-1 A1                                                                                 | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3007804 | PA      | $2591598.13   | 0.03%             | 2060-07-15      | Fixed         | 1.69%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2020-1 B1                                                                                 | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305814 | PA      | $196718.87    | 0.00%             | 2060-07-15      | Fixed         | 2.28%                 | Yes           |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2021-1A A1                                                                                | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4363986 | PA      | $3613876.22   | 0.04%             | 2061-03-15      | Fixed         | 1.53%                 | Yes           |                  2 | On Loan: No      |
| Extended Stay America, Inc.                                                                      | ESA 2025-ESH A                                                                                 | CUSIP: 30227TAA8<br>LEI: 549300IESZBC3BJUJW64 | Long             | DBT              | CORP              | US        |   5768000 | PA      | $5762607.21   | 0.06%             | 2042-10-15      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1145                                                                                      | CUSIP: 3132ADHW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    158306 | PA      | $157458.32    | 0.00%             | 2044-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                                                          | SORT 2021-1A B1                                                                                | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1655880 | PA      | $1057643.24   | 0.01%             | 2061-03-15      | Fixed         | 1.98%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD0931                                                                                      | CUSIP: 3132DNA86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8741373 | PA      | $7463774.05   | 0.08%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD0943                                                                                      | CUSIP: 3132DNBL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1773659 | PA      | $1649267.75   | 0.02%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1041                                                                                      | CUSIP: 3132DNEN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11335800 | PA      | $10134073.69  | 0.11%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1150                                                                                      | CUSIP: 3132DNH30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3923055 | PA      | $3647920.86   | 0.04%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1137                                                                                      | CUSIP: 3132DNHN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5698864 | PA      | $4905032.16   | 0.05%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1143                                                                                      | CUSIP: 3132DNHU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4694119 | PA      | $4626083.71   | 0.05%             | 2050-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1551                                                                                      | CUSIP: 3132DNWL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1658750 | PA      | $1587316.57   | 0.02%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD1840                                                                                      | CUSIP: 3132DPBH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3697909 | PA      | $3283098.03   | 0.03%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD3493                                                                                      | CUSIP: 3132DQ3A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3632862 | PA      | $3108647.64   | 0.03%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD2897                                                                                      | CUSIP: 3132DQGE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1448222 | PA      | $1470695.34   | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4668                                                                                      | CUSIP: 3132DSFH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7211057 | PA      | $7422128.52   | 0.08%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD7023                                                                                      | CUSIP: 3132DUYU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5247566 | PA      | $4656973.61   | 0.05%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8040                                                                                      | CUSIP: 3132DV4Z5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    148919 | PA      | $146430.70    | 0.00%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD7548                                                                                      | CUSIP: 3132DVL52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3886470 | PA      | $3338978.89   | 0.04%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                                      | GLPI 5.3 01/15/29                                                                              | CUSIP: 361841AL3<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |    344000 | PA      | $350291.07    | 0.00%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                                      | GLPI 6.75 12/01/33                                                                             | CUSIP: 361841AS8<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |   4841000 | PA      | $5245504.28   | 0.06%             | 2033-12-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD8212                                                                                      | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4374092 | PA      | $3703341.57   | 0.04%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4009                                                                                      | CUSIP: 3132E0N24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4154017 | PA      | $4321056.92   | 0.05%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4247                                                                                      | CUSIP: 3132E0WG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4835669 | PA      | $5066737.90   | 0.05%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SD4294                                                                                      | CUSIP: 3132E0XX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1801998 | PA      | $1848440.92   | 0.02%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QE1073                                                                                      | CUSIP: 3133BAFN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    255977 | PA      | $237795.37    | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FR QF0488                                                                                      | CUSIP: 3133BMRH0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |   1952966 | PA      | $1990798.21   | 0.02%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLP Capital L.P. and GLP Financing II, Inc.                                                      | GLPI 5.625 09/15/34                                                                            | CUSIP: 361841AT6<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |   5014000 | PA      | $5074789.74   | 0.05%             | 2034-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GXO Logistics Inc.                                                                               | GXO 1.65 07/15/26                                                                              | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   4255000 | PA      | $4166018.04   | 0.04%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF2145                                                                                      | CUSIP: 3133BPL22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    117507 | PA      | $117730.37    | 0.00%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF2386                                                                                      | CUSIP: 3133BPUK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3550075 | PA      | $3548002.87   | 0.04%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF2437                                                                                      | CUSIP: 3133BPV62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    126165 | PA      | $129390.41    | 0.00%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF6841                                                                                      | CUSIP: 3133BUS65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    191303 | PA      | $191626.73    | 0.00%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF7813                                                                                      | CUSIP: 3133BVVE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    219149 | PA      | $219846.19    | 0.00%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF8398                                                                                      | CUSIP: 3133BWKK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    788585 | PA      | $789657.31    | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2025-CES2                                                    | GSMBS 2025-CES2 A1                                                                             | CUSIP: 36273BAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6493000 | PA      | $6492940.91   | 0.07%             | 2055-09-25      | Variable      | 5.18%                 | Yes           |                  2 | On Loan: No      |
| GS MORTGAGE SECURITIES CORPORATION                                                               | GSMS 2025-800D A                                                                               | CUSIP: 36273XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11841000 | PA      | $11872520.74  | 0.12%             | 2041-11-25      | Variable      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| GE Aerospace                                                                                     | GE Aerospace COM NEW                                                                           | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    290656 | NS      | $87435137.92  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NRZ Fht Excess LLC                                                                               | NZES 2020-PLS1 A                                                                               | CUSIP: 433674AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    459711 | PA      | $457731.01    | 0.00%             | 2025-12-25      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V5.7 02/01/30                                                                              | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1796000 | PA      | $1864634.27   | 0.02%             | 2030-02-01      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| LKQ Corporation                                                                                  | LKQ 5.75 06/15/28                                                                              | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   4397000 | PA      | $4544743.20   | 0.05%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LHOME MTG TR 2024-RTL3                                                                           | LHOME 2024-RTL3 A1                                                                             | CUSIP: 50205GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2894523 | PA      | $2928882.44   | 0.03%             | 2029-05-25      | Variable      | 6.90%                 | Yes           |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V5.884 07/26/35                                                                            | CUSIP: 14040HDH5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   8321000 | PA      | $8726878.66   | 0.09%             | 2035-07-26      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                                      | COF V6.183 01/30/36                                                                            | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   6214000 | PA      | $6446124.65   | 0.07%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QF9871                                                                                      | CUSIP: 3133BX6G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    756340 | PA      | $757316.57    | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG1442                                                                                      | CUSIP: 3133C1S76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    874854 | PA      | $871531.86    | 0.01%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                                                                                    | CNC 4.25 12/15/27                                                                              | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  16441000 | PA      | $16145347.25  | 0.17%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                                                              | LNG 5.65 04/15/34                                                                              | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |   7295000 | PA      | $7519979.77   | 0.08%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                                                    | Chevron Corp. COM USD0.75                                                                      | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    436815 | NS      | $67833001.35  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2025-R05 2M1                                                                               | CUSIP: 20753CAB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3595834 | PA      | $3602684.13   | 0.04%             | 2045-07-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2024-R04                                                     | CAS 2024-R04 1M1                                                                               | CUSIP: 20753GAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1720481 | PA      | $1720871.73   | 0.02%             | 2044-05-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust 2025-R03                                                     | CAS 2025-R02 1M1                                                                               | CUSIP: 20754TAC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2414506 | PA      | $2414899.46   | 0.03%             | 2045-02-27      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                                                             | LHOME 2024-RTL4 A1                                                                             | CUSIP: 50205PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8728504 | PA      | $8789005.63   | 0.09%             | 2039-07-25      | Variable      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| LHOME MORTGAGE TRUST                                                                             | LHOME 2025-RTL3 A1                                                                             | CUSIP: 50205YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2709408.69   | 0.03%             | 2040-08-25      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 6.75 11/17/28                                                                             | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |  10435000 | PA      | $11137892.21  | 0.12%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 6 05/20/34                                                                                | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   6846000 | PA      | $7153222.40   | 0.08%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG2380                                                                                      | CUSIP: 3133C2UD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1791785 | PA      | $1788563.59   | 0.02%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG2543                                                                                      | CUSIP: 3133C2ZG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    262307 | PA      | $266707.70    | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3598                                                                                      | CUSIP: 3133C37K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1087075 | PA      | $1085120.21   | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3742                                                                                      | CUSIP: 3133C4EP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    153790 | PA      | $153967.20    | 0.00%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.2 03/15/30                                                                              | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2938000 | PA      | $3000180.42   | 0.03%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.65 03/15/35                                                                             | CUSIP: 50212YAM6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   4920000 | PA      | $5012800.11   | 0.05%             | 2035-03-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3917                                                                                      | CUSIP: 3133C4K60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    686483 | PA      | $685249.13    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG3912                                                                                      | CUSIP: 3133C4KZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    866913 | PA      | $883375.19    | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG4676                                                                                      | CUSIP: 3133C5FR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    220338 | PA      | $218860.49    | 0.00%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG4741                                                                                      | CUSIP: 3133C5HS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    425348 | PA      | $429112.27    | 0.00%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.15 06/15/30                                                                             | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   4736000 | PA      | $4820330.54   | 0.05%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LPL Holdings Inc.                                                                                | LPLA 5.75 06/15/35                                                                             | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   5874000 | PA      | $6023441.32   | 0.06%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2024-R05 2M1                                                                               | CUSIP: 20754XAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1054600 | PA      | $1054138.06   | 0.01%             | 2044-07-25      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2023-R08 1M1                                                                               | CUSIP: 20755CAA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1949331 | PA      | $1952296.40   | 0.02%             | 2043-10-26      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2025-R01 1M1                                                                               | CUSIP: 20755JAB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1296285 | PA      | $1296820.20   | 0.01%             | 2045-01-25      | Variable      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | CAS 2024-R03 2M1                                                                               | CUSIP: 207941AA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1338874 | PA      | $1339849.87   | 0.01%             | 2044-03-25      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG4742                                                                                      | CUSIP: 3133C5HT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    749402 | PA      | $743771.12    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG5055                                                                                      | CUSIP: 3133C5TL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    600488 | PA      | $595975.72    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG5161                                                                                      | CUSIP: 3133C5WW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    702088 | PA      | $696761.91    | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG6693                                                                                      | CUSIP: 3133C7NJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1802218 | PA      | $1836256.62   | 0.02%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lam Research Corporation                                                                         | Lam Research Corporation COM NEW                                                               | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    609783 | NS      | $81649943.70  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST                                                                    | LBZZ 2022-1A A                                                                                 | CUSIP: 52607KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710531 | PA      | $709611.89    | 0.01%             | 2027-05-17      | Fixed         | 4.22%                 | Yes           |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST                                                                    | LBZZ 2023-1A A2                                                                                | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    829668 | PA      | $839318.78    | 0.01%             | 2028-08-15      | Fixed         | 6.92%                 | Yes           |                  2 | On Loan: No      |
| LEX 2024-BBG MORTGAGE TRUST                                                                      | LEX 2024-BBG A                                                                                 | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2214524.05   | 0.02%             | 2033-10-13      | Variable      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QG7441                                                                                      | CUSIP: 3133C8HS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1055311 | PA      | $1075242.49   | 0.01%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1088                                                                                      | CUSIP: 3133KGF52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    165252 | PA      | $162481.72    | 0.00%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZK8962                                                                                      | CUSIP: 3131XC5X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    388829 | PA      | $377915.89    | 0.00%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZK9163                                                                                      | CUSIP: 3131XDFC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    252920 | PA      | $245614.82    | 0.00%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1188                                                                                      | CUSIP: 3133KGJ90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    868660 | PA      | $852045.43    | 0.01%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA1999                                                                                      | CUSIP: 3133KHGG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    608746 | PA      | $597102.55    | 0.01%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM1434                                                                                      | CUSIP: 3131XUSX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    425735 | PA      | $399592.84    | 0.00%             | 2046-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM6220                                                                                      | CUSIP: 3131Y04D1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    494250 | PA      | $472965.82    | 0.00%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                                                    | LIFE 2021-BMR C                                                                                | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    456249 | PA      | $454742.07    | 0.00%             | 2038-03-15      | Variable      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                                                    | LIFE 2022-BMR2 A1                                                                              | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11353000 | PA      | $11040389.14  | 0.12%             | 2039-05-16      | Variable      | 5.45%                 | Yes           |                  2 | On Loan: No      |
| LIFE FINANCIAL SERVICES TRUST                                                                    | LIFE 2022-BMR2 B                                                                               | CUSIP: 53218DAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1854000 | PA      | $1710521.31   | 0.02%             | 2039-05-16      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Lightning Power                                                                                  | Lightning Power Term Loan B 325 2031-07-28                                                     | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |   9512120 | PA      | $9499088.40   | 0.10%             | 2031-08-18      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA5285                                                                                      | CUSIP: 3133KL2S5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12266355 | PA      | $10454525.71  | 0.11%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation UMBS 30Y Fixed                                            | FR RA5906                                                                                      | CUSIP: 3133KMR31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9982806 | PA      | $8545559.02   | 0.09%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| M&T EQUIPTMENT 2023-LEAF1 LLC                                                                    | MTLRF 2023-1A A3                                                                               | CUSIP: 551925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1282403 | PA      | $1291213.85   | 0.01%             | 2030-07-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| MTG PASS THRU CTF CL E 144A                                                                      | MHC 2021-MHC A                                                                                 | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    952457 | PA      | $952150.56    | 0.01%             | 2038-04-15      | Variable      | 5.07%                 | Yes           |                  2 | On Loan: No      |
| MTG PASS THRU CTF CL E 144A                                                                      | MHC 2021-MHC C                                                                                 | CUSIP: 55316VAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3486153 | PA      | $3484510.31   | 0.04%             | 2038-04-15      | Variable      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| MSCI Inc.                                                                                        | MSCI 4 11/15/29 144A                                                                           | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   1463000 | PA      | $1429350.52   | 0.02%             | 2029-11-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM6276                                                                                      | CUSIP: 3131Y06M9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    518950 | PA      | $500881.65    | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM5707                                                                                      | CUSIP: 3131Y0KU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    470501 | PA      | $438881.79    | 0.00%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RA9851                                                                                      | CUSIP: 3133KR5L4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14110900 | PA      | $14601910.45  | 0.15%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SE9056                                                                                      | CUSIP: 3133SKBZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1846021 | PA      | $1774614.72   | 0.02%             | 2050-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM5865                                                                                      | CUSIP: 3131Y0QS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21348 | PA      | $21038.11     | 0.00%             | 2048-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM5945                                                                                      | CUSIP: 3131Y0TA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    457939 | PA      | $442568.48    | 0.00%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SI2017                                                                                      | CUSIP: 3133USG21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1668672 | PA      | $1596764.13   | 0.02%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QI2699                                                                                      | CUSIP: 3133W87L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1190718 | PA      | $1224712.62   | 0.01%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM7182                                                                                      | CUSIP: 3131Y16T2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    142463 | PA      | $140398.02    | 0.00%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM6427                                                                                      | CUSIP: 3131Y1D80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    861915 | PA      | $824797.13    | 0.01%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZM7926                                                                                      | CUSIP: 3131Y2YX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28902 | PA      | $29074.10     | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZN2165                                                                                      | CUSIP: 3131Y8MN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    443545 | PA      | $440583.57    | 0.00%             | 2048-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Medline Industries                                                                               | Medline Industries Term Loan B (Incremental) 200 2030-10-01                                    | CUSIP: 58503UAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   8093838 | PA      | $8088819.32   | 0.08%             | 2030-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                                   | MS V5.32 07/19/35                                                                              | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8439000 | PA      | $8707770.42   | 0.09%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR QA4936                                                                                      | CUSIP: 31346YPV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    250864 | PA      | $223590.72    | 0.00%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ5170                                                                                      | CUSIP: 3140H6W88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97830 | PA      | $91811.26     | 0.00%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                                           | Motorola Solutions Inc COM USD0.01                                                             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     76894 | NS      | $35162857.26  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 4.734 10/15/30 144A                                                                        | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   7282000 | PA      | $7279695.47   | 0.08%             | 2030-10-15      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ8459                                                                                      | CUSIP: 3140HAMH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    699244 | PA      | $615490.79    | 0.01%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BJ9181                                                                                      | CUSIP: 3140HBFX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    496582 | PA      | $501697.92    | 0.01%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 5.407 10/15/35 144A                                                                        | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   4975000 | PA      | $4991919.98   | 0.05%             | 2035-10-15      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 5.75 01/15/34 144A                                                                         | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3913000 | PA      | $3909006.12   | 0.04%             | 2034-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BK1964                                                                                      | CUSIP: 3140HFFE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    565966 | PA      | $546969.54    | 0.01%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BK2913                                                                                      | CUSIP: 3140HGGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    506940 | PA      | $438143.28    | 0.00%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZA7158                                                                                      | CUSIP: 31329Q5T4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    127901 | PA      | $125454.64    | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZS3695                                                                                      | CUSIP: 3132A4C89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    567467 | PA      | $598573.94    | 0.01%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                                 | NRG 6 01/15/36 144A                                                                            | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   7330000 | PA      | $7331052.81   | 0.08%             | 2036-01-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| NRZ EXCESS SPREAD COLLATERALIZ                                                                   | NZES 2021-FHT1 A                                                                               | CUSIP: 62955MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1084274 | PA      | $1061914.71   | 0.01%             | 2026-07-25      | Fixed         | 3.10%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mtg LLC / Nrm Fnt1 Excess LLC                                                    | NZES 2024-FNT1 A                                                                               | CUSIP: 62956YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4149163 | PA      | $4193484.74   | 0.04%             | 2031-11-25      | Variable      | 7.40%                 | Yes           |                  2 | On Loan: No      |
| Nasdaq Inc                                                                                       | NDAQ 5.55 02/15/34                                                                             | CUSIP: 63111XAJ0<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |  10515000 | PA      | $11040646.22  | 0.12%             | 2034-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                                    | Netflix, Inc. COM USD0.001                                                                     | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     77694 | NS      | $93148890.48  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC                                                            | USRE 2021-1 B1                                                                                 | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2779000 | PA      | $1844067.14   | 0.02%             | 2061-10-20      | Fixed         | 2.41%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2018-2                                                       | NRZT 2018-2A A1                                                                                | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-O            | CORP              | US        |    259301 | PA      | $255759.52    | 0.00%             | 2058-02-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| New Residential Advance Recs Trust                                                               | NRZT 2024-NQM2 A1                                                                              | CUSIP: 64832BAC9<br>LEI: 5493008390ERUXVSGM12 | Long             | ABS-O            | CORP              | US        |   5175538 | PA      | $5183404.17   | 0.05%             | 2064-09-25      | Variable      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BK3211                                                                                      | CUSIP: 3140HGR90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23192 | PA      | $22855.42     | 0.00%             | 2048-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BM3282                                                                                      | CUSIP: 3140J7UG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     54159 | PA      | $50880.38     | 0.00%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BM3912                                                                                      | CUSIP: 3140J8K28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1076648 | PA      | $976906.99    | 0.01%             | 2047-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BM7069                                                                                      | CUSIP: 3140JB2B1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4224743 | PA      | $4071031.41   | 0.04%             | 2050-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZS7403                                                                                      | CUSIP: 3132A8GL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1588148 | PA      | $1553946.87   | 0.02%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT0534                                                                                      | CUSIP: 3132ACSX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1308357 | PA      | $1223825.73   | 0.01%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Nike, Inc.                                                                                       | Nike, Inc. CLASS'B'COM NPV                                                                     | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    703584 | NS      | $49060912.32  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NRTH COMMERCIAL MORTGAGE TRUST 2025-PARK                                                         | NRTH 2025-PARK A                                                                               | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7104000 | PA      | $7085750.50   | 0.07%             | 2040-10-15      | Variable      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| NRTH 2024-PARK MORTGAGE TRUST                                                                    | NRTH 2024-PARK A                                                                               | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12462000 | PA      | $12450180.02  | 0.13%             | 2041-03-15      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| NVIDIA Corp.                                                                                     | NVIDIA Corp. COM USD0.001                                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |   3334284 | NS      | $622110708.72 | 6.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR ZT1257                                                                                      | CUSIP: 3132ADME5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98268 | PA      | $90534.37     | 0.00%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FG Q58477                                                                                      | CUSIP: 3132Y2M37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    446894 | PA      | $428179.16    | 0.00%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONSLOW BAY FINANCIAL                                                                             | OBX 2022-INV1 A18                                                                              | CUSIP: 67115NAU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3314399 | PA      | $2851110.01   | 0.03%             | 2051-12-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | Oracle Corp. COM USD0.01                                                                       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    244063 | NS      | $68640278.12  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN AB7563                                                                                      | CUSIP: 31417EMM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    146624 | PA      | $134716.92    | 0.00%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FN MA1363                                                                                      | CUSIP: 31418AQR2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGSE             | US        |     33023 | PA      | $30170.09     | 0.00%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN MA3521                                                                                      | CUSIP: 31418C4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1526228 | PA      | $1460501.83   | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA4378                                                                                      | CUSIP: 31418D2L5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18867488 | PA      | $15314655.78  | 0.16%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 4.45 09/26/30                                                                             | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2873589.41   | 0.03%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 4.8 09/26/32                                                                              | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   5821000 | PA      | $5827999.58   | 0.06%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FN MA3774                                                                                      | CUSIP: 31418DFQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3912063 | PA      | $3486758.48   | 0.04%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Finance Of America Structured Securities Tr 2017-HB1                                             | FASST 2025-S1 A1                                                                               | CUSIP: 31741BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3450951 | PA      | $3335104.96   | 0.04%             | 2075-02-25      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.2 09/26/35                                                                              | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2854000 | PA      | $2869715.35   | 0.03%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                                     | ORCL 5.95 09/26/55                                                                             | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2718000 | PA      | $2709638.92   | 0.03%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BN0012                                                                                      | CUSIP: 3140JGAN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12760 | PA      | $12574.92     | 0.00%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BN3899                                                                                      | CUSIP: 3140JLKM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    224459 | PA      | $214793.00    | 0.00%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Flagstar Mtg Tr 2017-1                                                                           | FSMT 2021-13IN A2                                                                              | CUSIP: 33853HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5066207 | PA      | $4374636.12   | 0.05%             | 2051-12-30      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA5930                                                                                      | CUSIP: 36179UST0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11985546 | PA      | $11064792.78  | 0.12%             | 2049-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7255                                                                                      | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  11588074 | PA      | $9982610.80   | 0.10%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7313                                                                                      | CUSIP: 36179WDS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9908949 | PA      | $8865709.69   | 0.09%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7473                                                                                      | CUSIP: 36179WJS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5648126 | PA      | $5052168.74   | 0.05%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 MA7535                                                                                      | CUSIP: 36179WLQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12832382 | PA      | $11477392.33  | 0.12%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BB9814                                                                                      | CUSIP: 3617B13X9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     42151 | PA      | $40297.18     | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BB9817                                                                                      | CUSIP: 3617B14A8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    270932 | PA      | $259017.97    | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC Financial Services Group Inc. COM USD5                                                     | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    226784 | NS      | $45567709.12  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V6.875 10/20/34                                                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   7688000 | PA      | $8710140.97   | 0.09%             | 2034-10-20      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 BB9835                                                                                      | CUSIP: 3617B14U4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     39500 | PA      | $37762.72     | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                         | G2 785843                                                                                      | CUSIP: 3622ABLY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9822140 | PA      | $8343454.75   | 0.09%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.401 07/23/35                                                                            | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   8376000 | PA      | $8670331.80   | 0.09%             | 2035-07-23      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.222 01/29/31                                                                            | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2562000 | PA      | $2647113.82   | 0.03%             | 2031-01-29      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust 2015-Wolf Mz                                                                    | GWT 2024-WLF2 A                                                                                | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10398000 | PA      | $10416858.11  | 0.11%             | 2041-05-15      | Variable      | 5.84%                 | Yes           |                  2 | On Loan: No      |
| Gracie Point International Funding 2020-B                                                        | GPIF 2024-1A A                                                                                 | CUSIP: 38410KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2783000 | PA      | $2788409.60   | 0.03%             | 2028-03-01      | Variable      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                                                                | PNC V5.575 01/29/36                                                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3593000 | PA      | $3748942.60   | 0.04%             | 2036-01-29      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-RCF3 LLC                                                                               | PRPM 2025-RCF4 A1                                                                              | CUSIP: 69382WAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3230721 | PA      | $3197931.92   | 0.03%             | 2055-08-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                                                | PRET 2025-RPL1 A1                                                                              | CUSIP: 69392FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4258424 | PA      | $4158448.44   | 0.04%             | 2069-07-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Pret 2021-Rn4 LLC                                                                                | PRET 2025-RPL2 A1                                                                              | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4606533 | PA      | $4499479.20   | 0.05%             | 2064-08-25      | Variable      | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PRPM 2024-RCF2 LLC                                                                               | PRPM 2024-RCF2 A1                                                                              | CUSIP: 693987AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1772780 | PA      | $1737051.26   | 0.02%             | 2054-03-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                                 | Philip Morris International Inc. COM NPV                                                       | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    255057 | NS      | $41370245.40  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation                                                                      | The Progressive Corporation COM USD1.00                                                        | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    451517 | NS      | $111502123.15 | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Priority 1 Issuer Logistics DAC                                                                  | PRPM 2025-RPL4 A1                                                                              | CUSIP: 74448NAA2<br>LEI: 635400FLODFXG5M9HI42 | Long             | ABS-O            | CORP              | US        |   6037380 | PA      | $5666425.90   | 0.06%             | 2055-05-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO2983                                                                                      | CUSIP: 3140JXJ58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    150615 | PA      | $135901.69    | 0.00%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO3223                                                                                      | CUSIP: 3140JXSM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172009 | PA      | $165997.14    | 0.00%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I, LLLC                                                                           | QTS 2025-1A A2                                                                                 | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  16719000 | PA      | $17065946.96  | 0.18%             | 2055-05-25      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| QTS ISSUER ABS 2025-II LLC                                                                       | QTSII 2025-1A A2                                                                               | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9100000 | PA      | $9068442.83   | 0.10%             | 2055-10-05      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO4725                                                                                      | CUSIP: 3140K0HB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    147740 | PA      | $140033.97    | 0.00%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO5957                                                                                      | CUSIP: 3140K1TP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     87492 | PA      | $84347.00     | 0.00%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics                                                                                | Qnity Electronics Term Loan B 200 2032-08-03                                                   | CUSIP: 74737SAB9<br>LEI: 254900RSUG4J9TFFZX53 | Long             | LON              | CORP              | US        |   2735000 | PA      | $2731581.25   | 0.03%             | 2032-08-12      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Qnity Electronics Inc.                                                                           | QNTELE 5.75 08/15/32 144A                                                                      | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |   3406000 | PA      | $3431976.81   | 0.04%             | 2032-08-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 5.875 02/15/26                                                                             | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1152000 | PA      | $1153485.85   | 0.01%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 3.625 03/15/32                                                                             | CUSIP: 404119CK3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3617000 | PA      | $3393295.53   | 0.04%             | 2032-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BO7717                                                                                      | CUSIP: 3140K3SF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76276 | PA      | $73689.03     | 0.00%             | 2034-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BT2256                                                                                      | CUSIP: 3140LQQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    610635 | PA      | $521035.93    | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                                         | HCA 5.6 04/01/34                                                                               | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   5683000 | PA      | $5899435.24   | 0.06%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                                                                               | HCA Healthcare Inc COM USD0.01                                                                 | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |    107777 | NS      | $45934557.40  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Care Service Corp A Mutual Legal Reserve Co.                                              | HCSERV 2.2 06/01/30 144A                                                                       | CUSIP: 42218SAF5<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   4729000 | PA      | $4275440.48   | 0.04%             | 2030-06-01      | Fixed         | 2.20%                 | Yes           |                  2 | On Loan: No      |
| Health Care Service Corp A Mutual Legal Reserve Co.                                              | HCSERV 5.2 06/15/29 144A                                                                       | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   5028000 | PA      | $5165281.44   | 0.05%             | 2029-06-15      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BT8021                                                                                      | CUSIP: 3140LW4F1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1081971 | PA      | $1085500.75   | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV2802                                                                                      | CUSIP: 3140MGDG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1488699 | PA      | $1322050.94   | 0.01%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                                            | QUIKHO 6.375 03/01/32 144A                                                                     | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   5502000 | PA      | $5699213.69   | 0.06%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES6 A1A                                                                             | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-O            | CORP              | US        |   2238811 | PA      | $2260808.15   | 0.02%             | 2055-06-25      | Variable      | 5.47%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV2962                                                                                      | CUSIP: 3140MGJG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    204049 | PA      | $174310.94    | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV2965                                                                                      | CUSIP: 3140MGJK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    502402 | PA      | $428723.24    | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Health Care Service Corp A Mutual Legal Reserve Co.                                              | HCSERV 5.45 06/15/34 144A                                                                      | CUSIP: 42218SAL2<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |  11338000 | PA      | $11644121.58  | 0.12%             | 2034-06-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: No      |
| Hess Midstream Operations LP                                                                     | HESM 5.125 06/15/28 144A                                                                       | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3621000 | PA      | $3616909.36   | 0.04%             | 2028-06-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2021-3 A21                                                                                | CUSIP: 74938DAW3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2404294 | PA      | $2230489.53   | 0.02%             | 2051-07-25      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES8 A1A                                                                             | CUSIP: 74939WAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5534837 | PA      | $5530759.56   | 0.06%             | 2055-08-25      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                                                                    | Hilton Worldwide Holdings Inc COM USD0.01                                                      | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |    196904 | NS      | $51084773.76  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                                                                                  | Home Depot Inc. COM USD0.05                                                                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    198217 | NS      | $80315546.23  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV4144                                                                                      | CUSIP: 3140MHTA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3059659 | PA      | $2720640.27   | 0.03%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BV4203                                                                                      | CUSIP: 3140MHU56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    420338 | PA      | $390512.91    | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust                                                              | HOF 2024-RTL1 A1                                                                               | CUSIP: 43789FAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9130000 | PA      | $9164409.14   | 0.10%             | 2029-07-25      | Variable      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| HOMEWARD OPPORTUNITIES FD TR 2024-                                                               | HOF 2024-RRTL2 A1                                                                              | CUSIP: 43789GAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4070000 | PA      | $4083801.37   | 0.04%             | 2039-09-25      | Variable      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                                      | HBCT 2015-HB7 A7                                                                               | CUSIP: 44422PAU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    298845 | PA      | $297425.61    | 0.00%             | 2034-08-05      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| Hudson's Bay Simon JV Trust                                                                      | HBCT 2015-HB7 B7                                                                               | CUSIP: 44422PBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $268190.76    | 0.00%             | 2034-08-05      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| Humana Inc.                                                                                      | HUM 5.875 03/01/33                                                                             | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1812000 | PA      | $1906411.34   | 0.02%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                                      | HUM 5.95 03/15/34                                                                              | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $5206216.46   | 0.05%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2024-CES6 A1A                                                                             | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4871917 | PA      | $4878407.88   | 0.05%             | 2044-09-25      | Variable      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| RCKT Mortgage Trust 2024-CES7                                                                    | RCKT 2024-CES7 A1A                                                                             | CUSIP: 749414AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7686357 | PA      | $7695451.51   | 0.08%             | 2044-10-25      | Variable      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX5969                                                                                      | CUSIP: 3140NAT37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    453412 | PA      | $454820.71    | 0.00%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX8071                                                                                      | CUSIP: 3140NC6H7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    228636 | PA      | $228930.94    | 0.00%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BX7860                                                                                      | CUSIP: 3140NCWW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    164462 | PA      | $168182.93    | 0.00%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                                 | FN BX9351                                                                                      | CUSIP: 3140NEL94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    504511 | PA      | $505162.73    | 0.01%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank of Ohio                                                                 | HACLN 2024-2 B1                                                                                | CUSIP: 44644NAG4<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | ABS-O            | CORP              | US        |   2464054 | PA      | $2487825.36   | 0.03%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| Illumina Inc                                                                                     | ILMN 5.8 12/12/25                                                                              | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   3833000 | PA      | $3838142.16   | 0.04%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY0782                                                                                      | CUSIP: 3140NG2Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93891 | PA      | $96134.97     | 0.00%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY0866                                                                                      | CUSIP: 3140NG6C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88749 | PA      | $90434.61     | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                                                                | INTC 2.45 11/15/29                                                                             | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2286000 | PA      | $2122829.09   | 0.02%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                                    | Intercontinental Exchange Inc COM USD0.01                                                      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    328074 | NS      | $55273907.52  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES3 A1A                                                                             | CUSIP: 749420AA3<br>LEI: 254900HS4CN69R7ARQ97 | Long             | ABS-O            | CORP              | US        |   2313972 | PA      | $2340077.48   | 0.02%             | 2055-03-25      | Variable      | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2024-Ces9                                                                    | RCKT 2024-CES9 A1A                                                                             | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4191728 | PA      | $4233608.24   | 0.04%             | 2044-12-25      | Variable      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY1920                                                                                      | CUSIP: 3140NJD27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    274956 | PA      | $275292.42    | 0.00%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY1896                                                                                      | CUSIP: 3140NJDA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    172259 | PA      | $175530.28    | 0.00%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Intuit Inc                                                                                       | Intuit Inc COM USD0.01                                                                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     85776 | NS      | $58577288.16  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc.                                                                          | Intuitive Surgical Inc. COM USD0.001                                                           | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |    101271 | NS      | $45291429.33  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                            | FN BY2783                                                                                      | CUSIP: 3140NKCV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    302897 | PA      | $303246.83    | 0.00%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR SL1226                                                                                      | CUSIP: 31427NLG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2487441 | PA      | $2542401.23   | 0.03%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES1                                                                    | RCKT 2025-CES1 A1A                                                                             | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453067 | PA      | $457652.93    | 0.00%             | 2045-01-25      | Variable      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Rckt Mortgage Trust 2025-Ces2                                                                    | RCKT 2025-CES2 A1A                                                                             | CUSIP: 74942BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4131711 | PA      | $4173547.57   | 0.04%             | 2055-02-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership Lp                                                        | INVH 2 08/15/31                                                                                | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   5620000 | PA      | $4856049.46   | 0.05%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                                                        | CHASE 2021-CL1 M1                                                                              | CUSIP: 46591HBX7<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | ABS-O            | CORP              | US        |   3599547 | PA      | $3553124.37   | 0.04%             | 2050-02-25      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Banks                                                                          | FR RJ1341                                                                                      | CUSIP: 3142GRP38<br>LEI: 2549001DPIFGXC1TOL40 | Long             | ABS-MBS          | USGA              | US        |   9682441 | PA      | $10037174.18  | 0.11%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RJ3021                                                                                      | CUSIP: 3142GTLB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14586168 | PA      | $14798755.21  | 0.16%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                                         | JPMMT 2025-5MPR A1D                                                                            | CUSIP: 46593VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3122901 | PA      | $3135548.05   | 0.03%             | 2055-11-25      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPMorgan Chase & Co. COM USD1.00                                                               | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    437579 | NS      | $138025543.97 | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| RCKT MORTGAGE TRUST 2025-CES9                                                                    | RCKT 2025-CES9 A1A                                                                             | CUSIP: 74942JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3810000 | PA      | $3809968.38   | 0.04%             | 2055-09-25      | Variable      | 4.79%                 | Yes           |                  2 | On Loan: No      |
| WOODWARD CAPITAL MANAGEMENT                                                                      | RCKT 2025-CES7 A1A                                                                             | CUSIP: 74943AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3218177 | PA      | $3246029.96   | 0.03%             | 2055-07-25      | Variable      | 5.38%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                             | JPM V5.14 01/24/31                                                                             | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7304000 | PA      | $7543066.06   | 0.08%             | 2031-01-24      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                         | JANEST 7.125 04/30/31 144A                                                                     | CUSIP: 47077WAC2<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |   4873000 | PA      | $5111251.93   | 0.05%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                             | RKT 6.125 08/01/30 144A                                                                        | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3459000 | PA      | $3550040.88   | 0.04%             | 2030-08-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Rocket Companies Inc                                                                             | RKT 6.375 08/01/33 144A                                                                        | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14496000 | PA      | $14961524.54  | 0.16%             | 2033-08-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | FR RJ4363                                                                                      | CUSIP: 3142GUZ55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    691174 | PA      | $707274.24    | 0.01%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FIGRE TRUST 2024-HE2                                                                             | FIGRE 2024-HE3 A                                                                               | CUSIP: 31684GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1898240 | PA      | $1939775.15   | 0.02%             | 2054-07-25      | Variable      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Workday Inc                                                                                      | WDAY 3.8 04/01/32                                                                              | CUSIP: 98138HAJ0<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |   4129000 | PA      | $3942671.77   | 0.04%             | 2032-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                                  | XEL 5.6 04/15/35                                                                               | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   4187000 | PA      | $4340401.00   | 0.05%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2024-HE1 A                                                                               | CUSIP: 31684HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2972889 | PA      | $3052979.31   | 0.03%             | 2054-03-25      | Variable      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| Figre Trust 2023-HE1                                                                             | FIGRE 2024-HE4 A                                                                               | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3662728 | PA      | $3684307.75   | 0.04%             | 2054-09-25      | Variable      | 5.06%                 | Yes           |                  2 | On Loan: No      |
| Zoetis Inc.                                                                                      | Zoetis Inc. COM USD0.01 CL 'A'                                                                 | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    227777 | NS      | $33328330.64  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL Corporation Ltd.                                                                             | NCLH 5.875 01/15/31 144A                                                                       | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |  12899000 | PA      | $12898516.67  | 0.14%             | 2031-01-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Jane Street Group LLC / JSG Finance Inc.                                                         | JANEST 6.125 11/01/32 144A                                                                     | CUSIP: 47077WAD0<br>LEI: 5493002N1IVX6KHGYO08 | Long             | DBT              | CORP              | US        |  12094000 | PA      | $12257984.60  | 0.13%             | 2032-11-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Johnson & Johnson                                                                                | Johnson & Johnson COM USD1.00                                                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    365944 | NS      | $67853336.48  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL Corporation Ltd.                                                                             | NCLH 6.25 09/15/33 144A                                                                        | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   7997000 | PA      | $8038390.63   | 0.08%             | 2033-09-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                                                     | NAB 2.99 05/21/31 144A                                                                         | CUSIP: 632525AY7<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   8080000 | PA      | $7369943.58   | 0.08%             | 2031-05-21      | Fixed         | 2.99%                 | Yes           |                  2 | On Loan: No      |
| National Grid PLC                                                                                | NGGLN 5.809 06/12/33                                                                           | CUSIP: 636274AE2<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |   5522000 | PA      | $5886743.89   | 0.06%             | 2033-06-12      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers Clo 34 Ltd                                                        | NEUB 2019-32RA A                                                                               | CUSIP: 64135XAA9<br>LEI: 5493009EGZQAPYYVLD80 | Long             | ABS-CBDO         | CORP              | KY        |   8069700 | PA      | $8084181.88   | 0.08%             | 2039-07-20      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Regatta XXIII Funding Ltd.                                                                       | REG23 2021-4A B                                                                                | CUSIP: 75889FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1732772 | PA      | $1739010.33   | 0.02%             | 2035-01-22      | Variable      | 6.29%                 | Yes           |                  2 | On Loan: No      |
| SCG Commercial Mortgage Trust 2025-DLFN                                                          | SCG 2025-DLFN A                                                                                | CUSIP: 78398EAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10048000 | PA      | $10011252.00  | 0.11%             | 2035-03-15      | Variable      | 5.35%                 | Yes           |                  2 | On Loan: No      |
| SMRT MINI                                                                                        | SMRT 2022-MINI A                                                                               | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11242000 | PA      | $11212683.35  | 0.12%             | 2039-01-17      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| SREIT TR 2021-FLWR                                                                               | SREIT 2021-MFP A                                                                               | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    595577 | PA      | $594192.21    | 0.01%             | 2038-11-15      | Variable      | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2023-FIG4 A                                                                              | CUSIP: 79581UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3908908 | PA      | $4032200.01   | 0.04%             | 2053-11-25      | Variable      | 6.72%                 | Yes           |                  2 | On Loan: No      |
| FIGRE TRUST 2024-HE2                                                                             | FIGRE 2024-HE2 A                                                                               | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2744702 | PA      | $2826237.85   | 0.03%             | 2054-05-25      | Variable      | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                                 | SLST 2020-2 M1                                                                                 | CUSIP: 35564CGD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    803673 | PA      | $798728.28    | 0.01%             | 2060-09-25      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2024-CES1 A1                                                                             | CUSIP: 79581VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2439607 | PA      | $2467525.97   | 0.03%             | 2054-03-25      | Variable      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2023-FIG3 A                                                                              | CUSIP: 79582AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7209676 | PA      | $7444090.47   | 0.08%             | 2053-08-25      | Variable      | 7.07%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2021-HQA3 M2                                                                             | CUSIP: 35564KJP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1806722 | PA      | $1817049.48   | 0.02%             | 2041-09-25      | Variable      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2021-DNA6 M2                                                                             | CUSIP: 35564KKY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1473939 | PA      | $1478475.31   | 0.02%             | 2041-10-25      | Variable      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MORTGAGE T                                                              | GRADE 2024-FIG5 A                                                                              | CUSIP: 79582MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3056340 | PA      | $3083106.40   | 0.03%             | 2054-04-25      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| SALUDA GRADE ALTERNATIVE MTG TR 202                                                              | GRADE 2024-RTL6 A1                                                                             | CUSIP: 79585UAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6625667 | PA      | $6687072.36   | 0.07%             | 2030-07-25      | Variable      | 7.44%                 | Yes           |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes Series 2021-1                                            | SBCLN 2022-B A2                                                                                | CUSIP: 80290CBD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    364729 | PA      | $366623.02    | 0.00%             | 2032-08-16      | Fixed         | 5.59%                 | Yes           |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                                   | The Charles Schwab Corporation COM USD0.01                                                     | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    373537 | NS      | $35661577.39  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Self Commercial Mortgage Trust 2024-STRG                                                         | SELF 2024-STRG A                                                                               | CUSIP: 81631WAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9852000 | PA      | $9832181.17   | 0.10%             | 2034-11-15      | Variable      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                   | SEMT 2013-5 A1                                                                                 | CUSIP: 81745AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    519327 | PA      | $461982.71    | 0.00%             | 2043-05-25      | Variable      | 2.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                              | US T-NOTE 2YR                                                                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      3377 | NC      | $-169917.82   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust 2004 11                                                                   | SEMT 2020-2 A19                                                                                | CUSIP: 81748KBN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190954 | PA      | $171144.37    | 0.00%             | 2050-03-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Servicenow Inc                                                                                   | Servicenow Inc COM USD0.001                                                                    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |     55962 | NS      | $51500709.36  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2021-DNA7 M1                                                                             | CUSIP: 35564KMA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    845024 | PA      | $844346.23    | 0.01%             | 2041-11-25      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2021-HQA4 M1                                                                             | CUSIP: 35564KNK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4031279 | PA      | $4031142.77   | 0.04%             | 2041-12-25      | Variable      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                              | US T-NOTE 10YR                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -685 | NC      | $-91811.14    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                              | US T-NOTE ULTRA 10Y                                                                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1421 | NC      | $-397700.55   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp.                                                                                  | SOLV 5.45 03/13/31                                                                             | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |  10557000 | PA      | $11008858.07  | 0.12%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Solventum Corp.                                                                                  | SOLV 5.6 03/23/34                                                                              | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |  13920000 | PA      | $14492520.97  | 0.15%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2021-HQA4 M2                                                                             | CUSIP: 35564KNS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2293831 | PA      | $2316622.41   | 0.02%             | 2041-12-25      | Variable      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac Stacr Remic Trust                                                                    | STACR 2022-DNA2 M1A                                                                            | CUSIP: 35564KRE1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    415415 | PA      | $415546.60    | 0.00%             | 2042-02-25      | Variable      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Eli Lilly & Co.                                                                                  | Eli Lilly & Co. COM NPV                                                                        | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    143266 | NS      | $109311958.00 | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Copeland (Emerson Electrics climate control business)                                            | Copeland (Emerson Electrics climate control business) Term Loan B (Incremental) 250 2031-06-11 | CUSIP: 26872NAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  14520353 | PA      | $14450509.86  | 0.15%             | 2031-08-04      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Eaton Corporation PLC                                                                            | Eaton Corporation PLC COM USD0.01                                                              | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |    174215 | NS      | $65199963.75  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Elmwood Clo VII Ltd.                                                                             | ELM10 2021-3A AR2                                                                              | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8044000 | PA      | $8068292.88   | 0.08%             | 2038-07-20      | Variable      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| Stryker Corporation                                                                              | Stryker Corporation COM USD0.10                                                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    141044 | NS      | $52139735.48  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Operating Limited Partnership                                                    | SUI 2.7 07/15/31                                                                               | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   6161000 | PA      | $5572844.63   | 0.06%             | 2031-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 7 05/01/29 144A                                                                            | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   7825000 | PA      | $8102051.95   | 0.09%             | 2029-05-01      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 7.25 05/01/32 144A                                                                         | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4408000 | PA      | $4626112.25   | 0.05%             | 2032-05-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Embraer Netherlands Finance B.V.                                                                 | EMBRBZ 5.4 01/09/38                                                                            | CUSIP: 29082HAF9<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   8504000 | PA      | $8466837.52   | 0.09%             | 2038-01-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.625 03/15/31 144A                                                                        | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2711000 | PA      | $2691000.93   | 0.03%             | 2031-03-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Sunoco LP                                                                                        | SUN 5.875 03/15/34 144A                                                                        | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   4599000 | PA      | $4559181.26   | 0.05%             | 2034-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Synopsys Inc                                                                                     | SNPS 5 04/01/32                                                                                | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   5056000 | PA      | $5166710.73   | 0.05%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The TJX Companies Inc.                                                                           | The TJX Companies Inc. COM USD1                                                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    299114 | NS      | $43233937.56  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSN 2023 CRNR MORTGAGE TRUST                                                                    | TYSN 2023-CRNR A                                                                               | CUSIP: 87332PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8090504 | PA      | $8539181.79   | 0.09%             | 2033-12-10      | Variable      | 6.80%                 | Yes           |                  2 | On Loan: No      |
| Taco Bell Funding Llc                                                                            | BELL 2021-1A A2II                                                                              | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6538538 | PA      | $6032018.48   | 0.06%             | 2051-08-25      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                                     | Thermo Fisher Scientific Inc COM USD1                                                          | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    129681 | NS      | $62897878.62  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TOORAK MORTGAGE CORP                                                                             | TRK 2025-RRTL1 A1                                                                              | CUSIP: 89053JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2616577.08   | 0.03%             | 2040-02-25      | Variable      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                  | TDG 6.25 01/31/34 144A                                                                         | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1054129.46   | 0.01%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                                  | TDG 6.75 01/31/34 144a                                                                         | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3509000 | PA      | $3628162.24   | 0.04%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| JANUS CAPITAL GROUP INC                                                                          | Janus Henderson Cash Liquidity Fund LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        | 168038919 | NS      | $168072527.06 | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Trane Technologies PLC                                                                           | Trane Technologies PLC COM USD1                                                                | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | US        |    134869 | NS      | $56909323.24  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE US CLO 2023-2 LTD/LLC                                                                    | CGMS 2023-2A A1R                                                                               | CUSIP: 14318GAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11418000 | PA      | $11455568.65  | 0.12%             | 2038-07-20      | Variable      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Carnival Corporation                                                                             | CCL 5.75 08/01/32 144A                                                                         | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   7105000 | PA      | $7230602.19   | 0.08%             | 2032-08-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Jbs Usa Lux SA/Jbs Usa Food Company/Jbs Usa Finance Inc                                          | JBSSBZ 3 05/15/32                                                                              | CUSIP: 46590XAP1<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |   4058000 | PA      | $3630587.50   | 0.04%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TICP CLO VI 2016-2 Ltd.                                                                          | SIXST 2017-9A AR                                                                               | CUSIP: 83012CAC9<br>LEI: 254900JG2DPAYUCW8T83 | Long             | ABS-CBDO         | CORP              | KY        |   8897000 | PA      | $8920247.86   | 0.09%             | 2037-07-21      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                            | SOCGEN V5.5 04/13/29 144A                                                                      | CUSIP: 83368RCC4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4851000 | PA      | $4953183.74   | 0.05%             | 2029-04-13      | Variable      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale S.A.                                                                            | SOCGEN V6.1 04/13/33 144A                                                                      | CUSIP: 83368RCF7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  11950000 | PA      | $12593962.32  | 0.13%             | 2033-04-13      | Variable      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.                                                 | TEVA 6 12/01/32                                                                                | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   5206000 | PA      | $5421976.12   | 0.06%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Texas Debt Cap Clo 2023-II ltd. / LLC                                                            | TCIFC 2023-2A A1R                                                                              | CUSIP: 88239MAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9000000 | PA      | $9024858.90   | 0.09%             | 2037-10-21      | Variable      | 5.70%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                                              | Royal Bank of Canada                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   2251033 | PA      | $2251033.00   | 0.02%             | 2025-10-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Janus Henderson Cash Collateral Fund                                                             | Janus Henderson Cash Collateral Fund                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |   9004132 | NS      | $9004132.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-14

**Name of Applicant:** JANUS ASPEN SERIES

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER