# EDGAR Filing Document

**Accession Number:** 0001495825
**File Stem:** 0000913181-25-000031
**Filing Date:** 2025-10
**Character Count:** 404761
**Document Hash:** 5615a27af35abb800f5c5b5ea6f5db8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000913181-25-000031.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0000913181-25-000031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust
- **CENTRAL INDEX KEY:** 0001495825

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22437
- **FILM NUMBER:** 251421922

**BUSINESS ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-827-0100

**MAIL ADDRESS:**
- **STREET 1:** 227 WEST MONROE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Guggenheim Taxable Municipal Managed Duration Trust
- **DATE OF NAME CHANGE:** 20160729

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Guggenheim Build America Bonds Managed Duration Trust
- **DATE OF NAME CHANGE:** 20100702

## Nport-Ex

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS<sup>†</sup> - 0.4%** | **COMMON STOCKS<sup>†</sup> - 0.4%** | **COMMON STOCKS<sup>†</sup> - 0.4%** |
| **Transport - Aircraft - 0.3%** | **Transport - Aircraft - 0.3%** | **Transport - Aircraft - 0.3%** |
| FTAI Aircraft Leasing Offshore SPV<sup>\*,†††</sup> | 1500000 | $1160501 |
| **Financial - 0.1%** | **Financial - 0.1%** | **Financial - 0.1%** |
| Contra Mallinckro<sup>\*,††</sup> | 2561 | 248417 |
| Finance Co I SARL / Endo US, Inc.<sup>\*,†††,1</sup> | 350000 | 35 |
| **Total Financial** |  | 248452 |
| **Communications - 0.0%** | **Communications - 0.0%** | **Communications - 0.0%** |
| Figs, Inc. — Class A<sup>\*</sup> | 3754 | 26466 |
| **Industrial - 0.0%** | **Industrial - 0.0%** | **Industrial - 0.0%** |
| BP Holdco LLC<sup>\*,†††,2</sup> | 15619 | 12768 |
| YAK BLOCKER 2 LLC<sup>\*,†††</sup> | 5183 | 4196 |
| YAK BLOCKER 2 LLC<sup>\*,†††</sup> | 4791 | 3878 |
| Vector Phoenix Holdings, LP<sup>\*,†††</sup> | 15619 | 330 |
| Targus, Inc.<sup>\*,†††</sup> | 17838 | 316 |
| Targus, Inc.<sup>\*,†††</sup> | 17838 | 2 |
| **Total Industrial** |  | 21490 |
| **Consumer, Cyclical - 0.0%** | **Consumer, Cyclical - 0.0%** | **Consumer, Cyclical - 0.0%** |
| Accuride Corp.<sup>\*,†††,2</sup> | 403435 | 40 |
| Accuride Liquidating Trust<sup>\*,†††,2</sup> | 25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– |
| **Total Consumer, Cyclical** |  | 40 |
| **Total Common Stocks** | **Total Common Stocks** |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,486,662) |  | 1456949 |
| **PREFERRED STOCKS<sup>†</sup> - 2.5%** | **PREFERRED STOCKS<sup>†</sup> - 2.5%** | **PREFERRED STOCKS<sup>†</sup> - 2.5%** |
| **Financial - 2.3%** | **Financial - 2.3%** | **Financial - 2.3%** |
| Equitable Holdings, Inc. | Equitable Holdings, Inc. | Equitable Holdings, Inc. |
| &nbsp;&nbsp;&nbsp;4.30% | 140000 | 2429000 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp;&nbsp;6.85%<sup>\*,††</sup> | 1150000 | 1184354 |
| &nbsp;&nbsp;&nbsp;7.50%<sup>\*,††</sup> | 1000000 | 1049735 |
| W R Berkley Corp. | W R Berkley Corp. | W R Berkley Corp. |
| &nbsp;&nbsp;&nbsp;4.13% due 03/30/61 | 95975 | 1696838 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp;&nbsp;6.50%<sup>\*,††</sup> | 1000000 | 1027073 |
| PartnerRe Ltd. | PartnerRe Ltd. | PartnerRe Ltd. |
| &nbsp;&nbsp;&nbsp;4.88%<sup>††</sup> | 46000 | 782000 |
| American National Group, Inc. | American National Group, Inc. | American National Group, Inc. |
| &nbsp;&nbsp;&nbsp;7.38% | 19000 | 482600 |
| Selective Insurance Group, Inc. | Selective Insurance Group, Inc. | Selective Insurance Group, Inc. |
| &nbsp;&nbsp;&nbsp;4.60% | 20000 | 346800 |
| Kuvare US Holdings, Inc. | Kuvare US Holdings, Inc. | Kuvare US Holdings, Inc. |
| &nbsp;&nbsp;&nbsp;7.00% due 02/17/51<sup>\*,††,3</sup> | 341000 | 339800 |
| First Republic Bank | First Republic Bank | First Republic Bank |
| &nbsp;&nbsp;&nbsp;4.50%<sup>\*,††</sup> | 17750 | 53 |
| &nbsp;&nbsp;&nbsp;4.25%<sup>\*,††</sup> | 31650 | 3 |
| **Total Financial** |  | 9338256 |
| **Energy - 0.1%** | **Energy - 0.1%** | **Energy - 0.1%** |
| Venture Global LNG, Inc. | Venture Global LNG, Inc. | Venture Global LNG, Inc. |
| &nbsp;&nbsp;&nbsp;9.00%<sup>\*,††,3</sup> | 350000 | 347564 |
| **Utilities - 0.1%** | **Utilities - 0.1%** | **Utilities - 0.1%** |
| NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. | NextEra Energy Capital Holdings, Inc. |
| &nbsp;&nbsp;&nbsp;6.50% due 06/01/85 | 12550 | 316385 |
| **Government - 0.0%** | **Government - 0.0%** | **Government - 0.0%** |
| CoBank ACB | CoBank ACB | CoBank ACB |
| &nbsp;&nbsp;&nbsp;7.13%<sup>\*,††</sup> | 250000 | 256164 |
| **Total Preferred Stocks** | **Total Preferred Stocks** |  |
| &nbsp;&nbsp;&nbsp;(Cost $13,664,323) |  | 10258369 |
| **WARRANTS<sup>†</sup> - 0.0%** | **WARRANTS<sup>†</sup> - 0.0%** | **WARRANTS<sup>†</sup> - 0.0%** |
| Ginkgo Bioworks Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 09/16/26<sup>\*</sup> | 9372 | 122 |
| Pershing Square Tontine Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 07/24/27<sup>\*,†††,4</sup> | 23730 | 2 |
| Pershing Square Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;Expiring 12/31/49<sup>\*,†††,4</sup> | 11865 | 1 |
| **Total Warrants** | **Total Warrants** |  |
| &nbsp;&nbsp;&nbsp;(Cost $21,703) |  | 125 |
| **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 0.2%** | **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 0.2%** | **MONEY MARKET FUNDS<sup>\*\*\*,†</sup> - 0.2%** |
| Dreyfus Treasury Obligations Cash Management Fund — Institutional Shares, 4.15%<sup>5</sup> | 660506 | 660506 |
| Dreyfus Treasury Securities Cash Management Fund — Institutional Shares, 4.12%<sup>5</sup> | 344605 | 344605 |
| **Total Money Market Funds** | **Total Money Market Funds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,005,111) |  | 1005111 |
|  | **Face<br> Amount<sup>~</sup>** |  |
| **MUNICIPAL BONDS<sup>††</sup> - 65.5%** | **MUNICIPAL BONDS<sup>††</sup> - 65.5%** | **MUNICIPAL BONDS<sup>††</sup> - 65.5%** |
| **California - 9.7%** |  |  |
| Santa Ana Unified School District, California, General Obligation Bonds, Federal Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;7.10% due 08/01/40 | 7785000 | 8764341 |
| &nbsp;&nbsp;&nbsp;6.80% due 08/01/30 | 2245000 | 2443640 |
| Oakland Unified School District, County of Alameda, California, Taxable General Obligation Bonds, Election of 2006, Qualified School Construction Bonds, Series 2012B |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 08/01/33<sup>6</sup> | 10000000 | 10059231 |
| California Statewide Communities Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;7.14% due 08/15/47 | 3335000 | 3483964 |
| California Public Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.27% due 10/15/43 | 4800000 | 3413599 |
| Marin Community College District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;4.03% due 08/01/38 | 2000000 | 1837743 |
| Moreno Valley Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;3.82% due 08/01/44 | 2000000 | 1612801 |
| Oxnard School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;2.76% due 08/01/44 | 1990000 | 1353618 |
| Manteca Redevelopment Agency Successor Agency Tax Allocation |  |  |
| &nbsp;&nbsp;&nbsp;3.21% due 10/01/42 | 1400000 | 1091057 |
| San Jose Evergreen Community College District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;3.06% due 09/01/45 | 1500000 | 1082407 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** | **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** | **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** |
| **California - 9.7% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Placentia-Yorba Linda Unified School District (Orange County, California), General Obligation Bonds, Federally Taxable Direct-Pay Qualified School Construction Bonds, Election of 2008 |  |  |
| &nbsp;&nbsp;&nbsp;5.40% due 02/01/26 | 1000000.0 | $1005138 |
| City of El Monte California Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.77% due 08/01/45 | 1000000.0 | 780734 |
| Monrovia Unified School District, Los Angeles County, California, Election of 2006 General Obligation Bonds, Build America Bonds, Federally Taxable<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;7.25% due 08/01/28 | 610000.0 | 639957 |
| Alhambra Unified School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;6.70% due 02/01/26 | 500000.0 | 505490 |
| California State University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.90% due 11/01/47 | 500000.0 | 406366 |
| Fremont Unified School District/Alameda County California General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;2.75% due 08/01/41 | 400000.0 | 298821 |
| Norman Y Mineta San Jose International Airport SJC Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.27% due 03/01/40 | 250000.0 | 195881 |
| &nbsp;&nbsp;&nbsp;3.29% due 03/01/41 | 70000.0 | 53787 |
| Hillsborough City School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp; due 09/01/40<sup>7</sup> | 500000.0 | 226268 |
| Riverside County Redevelopment Successor Agency Tax Allocation |  |  |
| &nbsp;&nbsp;&nbsp;3.88% due 10/01/37 | 250000.0 | 224704 |
| **Total California** |  | 39479547 |
| **Texas – 8.8%** |  |  |
| Dallas, Texas, Convention Center Hotel Development Corporation, Hotel Revenue Bonds, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;7.09% due 01/01/42<sup>6</sup> | 10020000.0 | 11185244 |
| Dallas Fort Worth International Airport Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.51% due 11/01/51 | 7200000.0 | 6145073 |
| Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.42% due 09/01/50<sup>6</sup> | 8000000.0 | 5595956 |
| Central Texas Regional Mobility Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.29% due 01/01/42<sup>6</sup> | 5250000.0 | 4223492 |
| &nbsp;&nbsp;&nbsp;3.27% due 01/01/45 | 1150000.0 | 839639 |
| Dallas/Fort Worth International Airport Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.92% due 11/01/50<sup>6</sup> | 6500000.0 | 4447570 |
| City of Austin Texas Rental Car Special Facility Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.86% due 11/15/42 | 2200000.0 | 1624030 |
| City of Garland Texas Electric Utility System Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 03/01/51 | 2400000.0 | 1611641 |
| Texas Department of Housing & Community Affairs Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.05% due 07/01/45 | 250000.0 | 250136 |
| **Total Texas** |  | 35922781 |
| **Washington - 5.6%** |  |  |
| Central Washington University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.95% due 05/01/40 | 5000000.0 | 5453341 |
| Central Washington University, System Revenue Bonds, 2010, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 05/01/30 | 5000000.0 | 5197622 |
| Washington State Convention Center Public Facilities District, Lodging Tax Bonds, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;6.79% due 07/01/40<sup>6</sup> | 4220000.0 | 4451046 |
| Washington State University, Housing and Dining System Revenue Bonds, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;7.10% due 04/01/32 | 3325000.0 | 3586387 |
| County of Pierce Washington Sewer Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.87% due 08/01/42 | 4300000.0 | 3213347 |
| King County Public Hospital District No. 2 General Obligation Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.11% due 12/01/44 | 1100000.0 | 812363 |
| **Total Washington** |  | 22714106 |
| **Pennsylvania - 5.2%** |  |  |
| School District of Philadelphia, Pennsylvania, General Obligation Bonds, Series 2011A, Qualified School Construction Bonds - (Federally Taxable - Direct Subsidy) |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 09/01/30<sup>6</sup> | 10330000.0 | 10949590 |
| Pittsburgh, Pennsylvania, School District, Taxable Qualified School Construction Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.85% due 09/01/29<sup>6</sup> | 6895000.0 | 7504199 |
| Pennsylvania Housing Finance Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.78% due 04/01/54 | 3000000.0 | 2874526 |
| **Total Pennsylvania** |  | 21328315 |
| **New York - 4.2%** |  |  |
| Westchester County Health Care Corporation, Revenue Bonds, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;8.57% due 11/01/40 | 10010000.0 | 9416222 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** | **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** | **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** |
| **New York - 4.2% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| City of New York New York General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;6.39% due 02/01/55<sup>6</sup> | 4000000.0 | $4163139 |
| Port Authority of New York & New Jersey Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.14% due 02/15/51<sup>6</sup> | 5000000.0 | 3526466 |
| **Total New York** |  | 17105827 |
| **Illinois - 4.1%** |  |  |
| Chicago, Illinois, Second Lien Wastewater Transmission Revenue Project Bonds, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;6.90% due 01/01/40<sup>6</sup> | 5100000.0 | 5599158 |
| Illinois, General Obligation Bonds, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;7.35% due 07/01/35<sup>6</sup> | 3571429.0 | 3907127 |
| Chicago, Illinois, Second Lien Water Revenue Bonds, Taxable Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;6.74% due 11/01/40 | 2990000.0 | 3237580 |
| Illinois Housing Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.10% due 10/01/49<sup>6</sup> | 1945000.0 | 1951147 |
| &nbsp;&nbsp;&nbsp;6.05% due 10/01/44 | 730000.0 | 734449 |
| State of Illinois General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;6.63% due 02/01/35 | 715385.0 | 754366 |
| &nbsp;&nbsp;&nbsp;6.73% due 04/01/35 | 153846.0 | 162454 |
| Chicago Board of Education General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;6.14% due 12/01/39 | 195000.0 | 181524 |
| **Total Illinois** |  | 16527805 |
| **Oklahoma - 3.7%** |  |  |
| Oklahoma Development Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.45% due 08/15/28 | 10950000.0 | 10734608 |
| Tulsa Airports Improvement Trust Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.10% due 06/01/45 | 3700000.0 | 2678179 |
| University of Oklahoma Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.95% due 07/01/49 | 1465000.0 | 1476340 |
| Oklahoma State University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.13% due 08/01/48 | 150000.0 | 119956 |
| **Total Oklahoma** |  | 15009083 |
| **Ohio - 3.3%** |  |  |
| County of Franklin Ohio Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.88% due 11/01/50<sup>6</sup> | 8900000.0 | 5604793 |
| American Municipal Power, Inc., Combined Hydroelectric Projects Revenue Bonds, New Clean Renewable Energy Bonds |  |  |
| &nbsp;&nbsp;&nbsp;7.33% due 02/15/28<sup>6</sup> | 3840000.0 | 3999093 |
| Madison Local School District, Richland County, Ohio, School Improvement, Taxable Qualified School Construction Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.65% due 12/01/29 | 2500000.0 | 2504625 |
| Ohio Housing Finance Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.23% due 09/01/55 | 810000.0 | 826613 |
| Toronto City School District, Ohio, Qualified School Construction Bonds General Obligation Bonds |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 12/01/28 | 560000.0 | 561151 |
| **Total Ohio** |  | 13496275 |
| **Indiana - 2.9%** |  |  |
| Evansville-Vanderburgh School Building Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 01/15/30 | 8690000.0 | 8707566 |
| County of Knox Indiana Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.90% due 04/01/34 | 2920000.0 | 2910786 |
| **Total Indiana** |  | 11618352 |
| **West Virginia - 2.8%** |  |  |
| State of West Virginia, Higher Education Policy Commission, Revenue Bonds, Federally Taxable Build America Bonds 2010<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;7.65% due 04/01/40<sup>6</sup> | 10000000.0 | 11518533 |
| **Idaho - 2.0%** |  |  |
| Idaho Housing & Finance Association Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.72% due 07/01/49 | 4155000.0 | 4065709 |
| &nbsp;&nbsp;&nbsp;5.55% due 07/01/49 | 1775000.0 | 1701148 |
| &nbsp;&nbsp;&nbsp;6.03% due 07/01/50 | 1200000.0 | 1205588 |
| &nbsp;&nbsp;&nbsp;6.14% due 07/01/45 | 1000000.0 | 1013366 |
| **Total Idaho** |  | 7985811 |
| **Michigan - 1.9%** |  |  |
| Detroit, Michigan, School District, School Building and Site Bonds, Unlimited Tax General Obligation Bonds, Taxable Qualified School Construction Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.65% due 05/01/29 | 2640000.0 | 2841152 |
| Detroit City School District General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 05/01/39 | 2400000.0 | 2770980 |
| Wayne State University Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.47% due 11/15/49 | 1030000.0 | 757124 |
| Fraser Public School District, Macomb County, Michigan, General Obligation Federally Taxable School Construction Bonds, 2011 School Building and Site Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.05% due 05/01/26 | 505000.0 | 505723 |
| Oakridge, Michigan, Public Schools, Unlimited Tax General Obligation Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.75% due 05/01/26 | 345000.0 | 345659 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** | **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** | **MUNICIPAL BONDS<sup>††</sup> - 65.5% (continued)** |
| **Michigan - 1.9% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Comstock Park Public Schools General Obligation Unlimited |  |  |
| &nbsp;&nbsp;&nbsp;6.30% due 05/01/26 | 210000 | $210339 |
| **Total Michigan** |  | 7430977 |
| **South Carolina - 1.4%** |  |  |
| County of Horry South Carolina Airport Revenue Bonds, Build America Bonds<sup>15</sup> |  |  |
| &nbsp;&nbsp;&nbsp;7.33% due 07/01/40<sup>6</sup> | 5000000 | 5753905 |
| **Colorado - 1.4%** |  |  |
| Colorado Housing and Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.60% due 11/01/43 | 1620000 | 1620402 |
| &nbsp;&nbsp;&nbsp;5.50% due 11/01/39 | 1250000 | 1255837 |
| Colorado, Building Excellent Schools Today, Certificates of Participation, Taxable Qualified School Construction |  |  |
| &nbsp;&nbsp;&nbsp;6.82% due 03/15/28 | 2500000 | 2655680 |
| **Total Colorado** |  | 5531919 |
| **Massachusetts - 1.1%** |  |  |
| Massachusetts Port Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.72% due 07/01/42<sup>6</sup> | 3400000 | 2538966 |
| &nbsp;&nbsp;&nbsp;2.87% due 07/01/51 | 750000 | 487805 |
| Massachusetts Development Finance Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.52% due 10/01/46 | 2250000 | 1523099 |
| **Total Massachusetts** |  | 4549870 |
| **Nevada – 1.1%** |  |  |
| Nevada Housing Division Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.73% due 10/01/50 | 4000000 | 3862256 |
| &nbsp;&nbsp;&nbsp;5.84% due 10/01/49 | 250000 | 243795 |
| **Total Nevada** |  | 4106051 |
| **Georgia - 1.0%** |  |  |
| City of Atlanta Georgia Airport Customer Facility Charge Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.71% due 07/01/44 | 4000000 | 4000622 |
| **Maryland - 0.8%** |  |  |
| Maryland Department of Housing & Community Development Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.04% due 09/01/49 | 2500000 | 2504072 |
| &nbsp;&nbsp;&nbsp;6.20% due 09/01/45 | 1000000 | 1010349 |
| **Total Maryland** |  | 3514421 |
| **Mississippi - 0.8%** |  |  |
| Medical Center Educational Building Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;2.92% due 06/01/41<sup>6</sup> | 4500000 | 3441432 |
| **New Hampshire - 0.8%** |  |  |
| New Hampshire Business Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.27% due 05/01/51 | 4800000 | 3223031 |
| **Virginia - 0.6%** |  |  |
| Virginia Housing Development Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.57% due 10/01/49<sup>6</sup> | 1700000 | 1662583 |
| &nbsp;&nbsp;&nbsp;5.95% due 10/01/54 | 1000000 | 990569 |
| **Total Virginia** |  | 2653152 |
| **Connecticut - 0.5%** |  |  |
| Connecticut Housing Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.96% due 11/15/40 | 1000000 | 1022295 |
| &nbsp;&nbsp;&nbsp;6.09% due 11/15/49 | 800000 | 804668 |
| **Total Connecticut** |  | 1826963 |
| **Missouri - 0.4%** |  |  |
| Curators of the University of Missouri Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.79% due 11/01/41 | 1745000 | 1794258 |
| **Tennessee - 0.4%** |  |  |
| Tennessee Housing Development Agency Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.98% due 07/01/54 | 500000 | 497250 |
| &nbsp;&nbsp;&nbsp;5.97% due 07/01/54 | 500000 | 494166 |
| &nbsp;&nbsp;&nbsp;5.95% due 07/01/50 | 500000 | 489106 |
| **Total Tennessee** |  | 1480522 |
| **District of Columbia - 0.3%** |  |  |
| District of Columbia Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.73% due 09/01/47<sup>3</sup> | 1200000 | 1333675 |
| Washington Convention & Sports Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;4.31% due 10/01/40 | 100000 | 89782 |
| **Total District of Columbia** |  | 1423457 |
| **Kentucky - 0.3%** |  |  |
| Kentucky Housing Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.21% due 07/01/50 | 500000 | 503949 |
| &nbsp;&nbsp;&nbsp;5.90% due 01/01/55 | 490000 | 480722 |
| &nbsp;&nbsp;&nbsp;6.07% due 07/01/45 | 250000 | 251808 |
| **Total Kentucky** |  | 1236479 |
| **Florida - 0.3%** |  |  |
| Florida Housing Finance Corp. Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 07/01/38 | 1150000 | 1189942 |
| **Iowa - 0.1%** |  |  |
| Iowa Finance Authority Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;5.92% due 07/01/49 | 500000 | 495386 |
| **Wisconsin - 0.0%** |  |  |
| County of Fond Du Lac Wisconsin Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 05/01/54<sup>3</sup> | 200000 | 196369 |
| **Arkansas - 0.0%** |  |  |
| University of Arkansas Revenue Bonds |  |  |
| &nbsp;&nbsp;&nbsp;3.10% due 12/01/41 | 250000 | 195430 |
| **Total Municipal Bonds** | **Total Municipal Bonds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $281,238,720) | &nbsp;&nbsp;&nbsp;(Cost $281,238,720) | 266750621 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | <br> **Value** |

---

---

| | | |
|:---|:---|:---|
| **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** |
| **Financial - 14.0%** |  |  |
| Blue Owl Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/15/32<sup>6</sup> | 2150000 | $2046859 |
| Lazard Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.63% due 08/01/35<sup>6</sup> | 1325000 | 1334772 |
| &nbsp;&nbsp;&nbsp;6.00% due 03/15/31<sup>6</sup> | 660000 | 698210 |
| AmFam Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.83% due 03/11/51<sup>3,6</sup> | 3197000 | 2016983 |
| Intact Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.46% due 09/22/32<sup>3,6</sup> | 1900000 | 1942450 |
| Wilton RE Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% <sup>3,8,9</sup> | 1924000 | 1905462 |
| Ares Finance Company IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 02/01/52<sup>3,6</sup> | 2650000 | 1827674 |
| Accident Fund Insurance Company of America |  |  |
| &nbsp;&nbsp;&nbsp;8.50% due 08/01/32<sup>3,6</sup> | 1750000 | 1742482 |
| American National Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 12/01/55<sup>9</sup> | 675000 | 690687 |
| &nbsp;&nbsp;&nbsp;5.75% due 10/01/29<sup>6</sup> | 550000 | 567896 |
| &nbsp;&nbsp;&nbsp;6.00% due 07/15/35<sup>6</sup> | 450000 | 454906 |
| Liberty Mutual Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.30% due 02/01/61<sup>3</sup> | 2700000 | 1699333 |
| Maple Grove Funding Trust I |  |  |
| &nbsp;&nbsp;&nbsp;4.16% due 08/15/51<sup>3,6</sup> | 2500000 | 1696013 |
| Global Atlantic Finance Co. |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 10/15/51<sup>3,6,9</sup> | 1450000 | 1426605 |
| &nbsp;&nbsp;&nbsp;6.75% due 03/15/54<sup>3,6</sup> | 260000 | 265570 |
| Jefferies Finance LLC / JFIN Company-Issuer Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 08/15/28<sup>3,6</sup> | 1500000 | 1455689 |
| National Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 09/15/39<sup>3</sup> | 900000 | 1201689 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 03/01/52<sup>9</sup> | 1200000 | 1175912 |
| United Wholesale Mortgage LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 11/15/25<sup>3</sup> | 1100000 | 1098801 |
| Macquarie Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.05% due 03/03/36<sup>3,6,9</sup> | 1200000 | 1081686 |
| Henneman Trust |  |  |
| &nbsp;&nbsp;&nbsp;6.58% due 05/15/55<sup>3,6</sup> | 1050000 | 1074614 |
| Kennedy-Wilson, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 03/01/31<sup>6</sup> | 1150000 | 1073612 |
| Fidelis Insurance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.75% due 06/15/55<sup>9</sup> | 1000000 | 1055650 |
| Jefferies Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 04/14/34<sup>6</sup> | 1000000 | 1055092 |
| Nuveen LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.85% due 04/15/34<sup>3,6</sup> | 1000000 | 1045832 |
| Allianz SE |  |  |
| &nbsp;&nbsp;&nbsp;6.55% <sup>3,8,9</sup> | 1000000 | 1019150 |
| Encore Capital Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.25% due 04/01/29<sup>3,6</sup> | 500000 | 527945 |
| &nbsp;&nbsp;&nbsp;8.50% due 05/15/30<sup>3</sup> | 450000 | 475596 |
| Swiss Re Finance Luxembourg S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 04/02/49<sup>3,9</sup> | 1000000 | 1003131 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.72% due 09/14/33<sup>6,9</sup> | 950000 | 997353 |
| Jane Street Group / JSG Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 04/30/31<sup>3</sup> | 950000 | 992515 |
| Nippon Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.95% due 04/16/54<sup>3,9</sup> | 950000 | 983900 |
| Horace Mann Educators Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.25% due 09/15/28<sup>6</sup> | 900000 | 967024 |
| MidCap Funding XLVI Trust |  |  |
| &nbsp;&nbsp;&nbsp;6.85% (1 Month Term SOFR + 2.50%, Rate Floor: 0.00%) due 04/15/28<sup>◊,†††</sup> | 950000 | 950000 |
| Safehold GL Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.10% due 04/01/34<sup>6</sup> | 788000 | 826453 |
| &nbsp;&nbsp;&nbsp;5.65% due 01/15/35 | 118000 | 119191 |
| Dyal Capital Partners IV |  |  |
| &nbsp;&nbsp;&nbsp;3.65% due 02/22/41<sup>†††</sup> | 1000000 | 906149 |
| Farmers Insurance Exchange |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 10/15/64<sup>3,6,9</sup> | 880000 | 894546 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.88% due 12/15/52<sup>9</sup> | 840000 | 868686 |
| NatWest Group plc |  |  |
| &nbsp;&nbsp;&nbsp;7.47% due 11/10/26<sup>6,9</sup> | 850000 | 854537 |
| LPL Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 05/15/31<sup>3,6</sup> | 650000 | 626802 |
| &nbsp;&nbsp;&nbsp;6.00% due 05/20/34 | 220000 | 227314 |
| Toronto-Dominion Bank |  |  |
| &nbsp;&nbsp;&nbsp;8.13% due 10/31/82<sup>9</sup> | 750000 | 789856 |
| CNO Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.45% due 06/15/34<sup>6</sup> | 750000 | 788621 |
| Blue Owl Capital GP LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.21% due 08/22/43<sup>†††</sup> | 750000 | 781283 |
| Omnis Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;6.72% due 05/15/55<sup>3,6</sup> | 700000 | 722907 |
| Meiji Yasuda Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.10% due 06/11/55<sup>3,9</sup> | 700000 | 720888 |
| Belrose Funding Trust II |  |  |
| &nbsp;&nbsp;&nbsp;6.79% due 05/15/55<sup>3,6</sup> | 650000 | 673672 |
| Nationwide Building Society |  |  |
| &nbsp;&nbsp;&nbsp;5.54% due 07/14/36<sup>3,9</sup> | 650000 | 662160 |
| Bank of Nova Scotia |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 10/27/82<sup>6,9</sup> | 550000 | 582514 |
| Dyal Capital Partners III (A), LP |  |  |
| &nbsp;&nbsp;&nbsp;6.55% due 06/15/44<sup>†††</sup> | 560000 | 572331 |
| Nationstar Mortgage Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 02/01/26<sup>3</sup> | 560000 | 558744 |
| Enstar Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 04/01/45<sup>3,9</sup> | 500000 | 521084 |
| Belvoir Land LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.60% due 12/15/35<sup>3</sup> | 500000 | 489897 |
| Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;5.93% due 03/14/46<sup>3,6,9</sup> | 450000 | 455735 |
| Dyal Capital Partners III (B), LP |  |  |
| &nbsp;&nbsp;&nbsp;6.55% due 06/15/44<sup>†††</sup> | 440000 | 449689 |
| VFH Parent LLC / Valor Company-Issuer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.50% due 06/15/31<sup>3,6</sup> | 400000 | 419867 |
| Dai-ichi Life Insurance Company Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.20% <sup>3,8,9</sup> | 400000 | 414736 |
| Ascot Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;6.35% due 06/15/35<sup>3,9</sup> | 350000 | 362887 |
| Nassau Companies of New York |  |  |
| &nbsp;&nbsp;&nbsp;7.88% due 07/15/30<sup>3</sup> | 350000 | 355263 |
| Iron Mountain Information Management Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 07/15/32<sup>3</sup> | 300000 | 288361 |
| Fortitude Group Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 04/01/30<sup>3</sup> | 250000 | 259760 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** |
| **Financial - 14.0% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Beacon Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp;6.27% due 08/15/54<sup>3</sup> | 250000 | $248778 |
| GLP Capital Limited Partnership / GLP Financing II, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 11/01/37 | 250000 | 246224 |
| Reinsurance Group of America, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.65% due 09/15/55<sup>9</sup> | 200000 | 203722 |
| Australia & New Zealand Banking Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2.57% due 11/25/35<sup>3,9</sup> | 200000 | 178463 |
| Rocket Companies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 08/01/33<sup>3</sup> | 150000 | 155659 |
| Symetra Life Insurance Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.55% due 10/01/55<sup>3</sup> | 150000 | 152469 |
| Aspen Insurance Holdings Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 07/01/30 | 125000 | 129773 |
| **Total Financial** |  | 57060114 |
| **Consumer, Non-cyclical - 9.2%** |  |  |
| Children's Hospital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.12% due 01/01/47 | 8000000 | 6526678 |
| Orlando Health Obligated Group |  |  |
| &nbsp;&nbsp;&nbsp;5.48% due 10/01/35 | 4000000 | 4154293 |
| Beth Israel Lahey Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.08% due 07/01/51<sup>6</sup> | 4500000 | 2865710 |
| Providence St. Joseph Health Obligated Group |  |  |
| &nbsp;&nbsp;&nbsp;5.37% due 10/01/32 | 2500000 | 2562462 |
| OhioHealth Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.04% due 11/15/50 | 3465000 | 2313507 |
| &nbsp;&nbsp;&nbsp;2.83% due 11/15/41 | 300000 | 213249 |
| Flowers Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 03/15/55<sup>6</sup> | 2050000 | 1982172 |
| JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL |  |  |
| &nbsp;&nbsp;&nbsp;4.38% due 02/02/52<sup>6</sup> | 1200000 | 914483 |
| &nbsp;&nbsp;&nbsp;5.75% due 04/01/33<sup>6</sup> | 763000 | 790399 |
| Tufts Medical Center, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 01/01/38 | 1500000 | 1606957 |
| Lifespan Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.05% due 02/15/30 | 1250000 | 1270136 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 09/15/31<sup>3,6</sup> | 1300000 | 1212676 |
| Universal Health Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.65% due 01/15/32<sup>6</sup> | 1300000 | 1118943 |
| Reynolds American, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.70% due 08/15/35<sup>6</sup> | 1050000 | 1080628 |
| GXO Logistics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 05/06/34<sup>6</sup> | 1000000 | 1057612 |
| Sotheby's |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 10/15/27<sup>3,6</sup> | 1000000 | 988993 |
| HCA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 03/15/52<sup>6</sup> | 1200000 | 952955 |
| BCP V Modular Services Finance II plc |  |  |
| &nbsp;&nbsp;&nbsp;6.13% due 10/30/28<sup>3</sup> | GBP 750,000 | 948756 |
| Amgen, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.40% due 02/22/62<sup>6</sup> | 1200000 | 924695 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.08% due 08/02/43<sup>6</sup> | 800000 | 887433 |
| AZ Battery Property LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.73% due 02/20/46<sup>†††</sup> | 680000 | 649223 |
| Triton Container International Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;3.15% due 06/15/31<sup>3</sup> | 650000 | 577506 |
| Baylor College of Medicine |  |  |
| &nbsp;&nbsp;&nbsp;5.26% due 11/15/46 | 600000 | 555494 |
| Medline Borrower, LP |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 10/01/29<sup>3</sup> | 450000 | 445625 |
| CVS Health Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 03/10/55<sup>9</sup> | 400000 | 416443 |
| Upbound Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 02/15/29<sup>3</sup> | 250000 | 245026 |
| Becle, SAB de CV |  |  |
| &nbsp;&nbsp;&nbsp;2.50% due 10/14/31<sup>3</sup> | 200000 | 169819 |
| **Total Consumer, Non-cyclical** |  | 37431873 |
| **Energy - 4.0%** |  |  |
| Occidental Petroleum Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 11/15/27 | 2000000 | 2047772 |
| ONEOK, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.85% due 11/01/64<sup>6</sup> | 1050000 | 955890 |
| &nbsp;&nbsp;&nbsp;6.25% due 10/15/55<sup>6</sup> | 925000 | 903726 |
| &nbsp;&nbsp;&nbsp;5.60% due 04/01/44 | 150000 | 137567 |
| MPLX, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.20% due 09/15/55<sup>6</sup> | 1600000 | 1554878 |
| &nbsp;&nbsp;&nbsp;5.95% due 04/01/55 | 400000 | 377264 |
| &nbsp;&nbsp;&nbsp;5.65% due 03/01/53 | 50000 | 45371 |
| Valero Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 06/01/52<sup>6</sup> | 2450000 | 1749724 |
| BP Capital Markets plc |  |  |
| &nbsp;&nbsp;&nbsp;6.13% <sup>8,9</sup> | 1300000 | 1325399 |
| ITT Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 08/01/29<sup>3,6</sup> | 1250000 | 1225373 |
| NuStar Logistics, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 10/01/30<sup>6</sup> | 1000000 | 1035392 |
| HF Sinclair Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 01/15/35<sup>6</sup> | 1000000 | 1028950 |
| Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 02/01/31<sup>6</sup> | 1000000 | 996125 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.88% due 02/01/32<sup>3</sup> | 750000 | 816659 |
| Greensaif Pipelines Bidco SARL |  |  |
| &nbsp;&nbsp;&nbsp;6.10% due 08/23/42<sup>3</sup> | 300000 | 309917 |
| &nbsp;&nbsp;&nbsp;6.51% due 02/23/42<sup>3</sup> | 200000 | 212741 |
| Global Partners Limited Partnership / GLP Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.25% due 01/15/32<sup>3</sup> | 450000 | 473062 |
| Kinder Morgan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.20% due 06/01/33 | 400000 | 404655 |
| Parkland Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 05/01/30<sup>3</sup> | 300000 | 290383 |
| Venture Global Calcasieu Pass LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 01/15/30<sup>3</sup> | 200000 | 208272 |
| CVR Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 02/15/28<sup>3</sup> | 125000 | 121808 |
| Plains All American Pipeline Limited Partnership / PAA Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.70% due 06/15/44 | 100000 | 82670 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** |
| **Energy - 4.0% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Vnom Sub, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/27<sup>3</sup> | 51000 | $50967 |
| **Total Energy** |  | 16354565 |
| **Industrial - 3.8%** |  |  |
| LBJ Infrastructure Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;3.80% due 12/31/57<sup>3</sup> | 5985000 | 4049069 |
| AP Grange Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/20/45<sup>†††</sup> | 2400000 | 2469000 |
| &nbsp;&nbsp;&nbsp;5.00% due 03/20/45<sup>†††</sup> | 300000 | 303000 |
| Terminal Investment Limited Holding |  |  |
| &nbsp;&nbsp;&nbsp;6.23% due 10/01/40<sup>†††</sup> | 2000000 | 1981140 |
| Boeing Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.53% due 05/01/34<sup>6</sup> | 510000 | 558525 |
| &nbsp;&nbsp;&nbsp;6.86% due 05/01/54 | 225000 | 246733 |
| &nbsp;&nbsp;&nbsp;3.75% due 02/01/50 | 329000 | 234300 |
| Fortune Brands Innovations, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/25/52<sup>6</sup> | 1300000 | 1035628 |
| Homestead Spe Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.21% due 04/01/55<sup>†††</sup> | 1000000 | 1013420 |
| TD SYNNEX Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.10% due 04/12/34<sup>6</sup> | 850000 | 890511 |
| GrafTech Global Enterprises, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.88% due 12/23/29<sup>3</sup> | 1000000 | 850000 |
| Deuce FinCo plc |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 06/15/27<sup>3</sup> | GBP 500,000 | 674610 |
| New Enterprise Stone & Lime Company, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.75% due 07/15/28<sup>3</sup> | 575000 | 576627 |
| ALLETE, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.79% due 07/09/37<sup>†††</sup> | 350000 | 353902 |
| AP Grange Holdings LLC Deferral |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 03/20/45<sup>†††</sup> | 131133 | 131133 |
| FedEx Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.10% due 02/01/45<sup>3</sup> | 70000 | 53329 |
| Amsted Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 03/15/33<sup>3</sup> | 50000 | 51214 |
| **Total Industrial** |  | 15472141 |
| **Utilities - 3.5%** |  |  |
| Central Storage Safety Project Trust |  |  |
| &nbsp;&nbsp;&nbsp;4.82% due 02/01/38<sup>1</sup> | 6100832 | 5838121 |
| Brooklyn Union Gas Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.39% due 09/15/33<sup>3,6</sup> | 2000000 | 2131938 |
| PacifiCorp |  |  |
| &nbsp;&nbsp;&nbsp;7.38% due 09/15/55<sup>9</sup> | 1050000 | 1089544 |
| Ohio Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 01/15/33<sup>3,6</sup> | 950000 | 979518 |
| Alexander Funding Trust II |  |  |
| &nbsp;&nbsp;&nbsp;7.47% due 07/31/28<sup>3,6</sup> | 900000 | 963727 |
| Keenan Fort Detrick Energy LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.17% due 11/15/48<sup>3</sup> | 1000000 | 788833 |
| Southwestern Public Service Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.70% due 08/15/47<sup>6</sup> | 1000000 | 729937 |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.00% due 03/15/33<sup>3,6</sup> | 450000 | 491742 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.50% due 06/01/55<sup>9</sup> | 340000 | 346815 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 08/15/55<sup>9</sup> | 336000 | 346376 |
| Black Hills Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.95% due 03/15/28 | 200000 | 207955 |
| Dominion Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.00% due 02/15/56<sup>9</sup> | 200000 | 201943 |
| Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp;3.75% due 09/15/51<sup>9</sup> | 58000 | 57125 |
| **Total Utilities** |  | 14173574 |
| **Consumer, Cyclical - 2.7%** |  |  |
| United Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 04/15/29<sup>3,6</sup> | 2200000 | 2165006 |
| Hyatt Hotels Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 04/23/30<sup>6</sup> | 1100000 | 1144674 |
| Flutter Treasury Designated Activity Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.38% due 04/29/29<sup>3</sup> | 1000000 | 1035935 |
| LKQ Corp. |  |  |
| &nbsp;&nbsp;&nbsp;6.25% due 06/15/33<sup>6</sup> | 950000 | 1004600 |
| LG Energy Solution Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 04/02/30<sup>3,6</sup> | 800000 | 818741 |
| Air Canada |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 08/15/29<sup>3</sup> | CAD 1,050,000 | 757129 |
| AS Mileage Plan IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.31% due 10/20/31<sup>3,6</sup> | 600000 | 600822 |
| Polaris, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.95% due 03/15/29 | 450000 | 476436 |
| Wabash National Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 10/15/28<sup>3,6</sup> | 500000 | 458889 |
| Evergreen Acqco 1 Limited Partnership / TVI, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.75% due 04/26/28<sup>3</sup> | 435000 | 453183 |
| Hanesbrands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.00% due 02/15/31<sup>3</sup> | 400000 | 425240 |
| Hasbro, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;6.05% due 05/14/34 | 350000 | 364249 |
| Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 06/01/31<sup>3</sup> | 300000 | 283847 |
| Whirlpool Corp. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 06/01/46 | 200000 | 150622 |
| &nbsp;&nbsp;&nbsp;4.70% due 05/14/32 | 100000 | 92890 |
| &nbsp;&nbsp;&nbsp;4.60% due 05/15/50 | 50000 | 37190 |
| Superior Plus Limited Partnership / Superior General Partner, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/15/29<sup>3</sup> | 250000 | 240207 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.63% due 12/01/31<sup>3</sup> | 200000 | 189255 |
| New Flyer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.25% due 07/01/30<sup>3</sup> | 100000 | 107270 |
| Warnermedia Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.14% due 03/15/52 | 161000 | 100192 |
| **Total Consumer, Cyclical** |  | 10906377 |
| **Communications - 2.2%** |  |  |
| British Telecommunications plc |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 11/23/81<sup>3,9</sup> | 1700000 | 1595747 |
| McGraw-Hill Education, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.00% due 08/01/29<sup>3</sup> | 850000 | 867162 |
| &nbsp;&nbsp;&nbsp;5.75% due 08/01/28<sup>3</sup> | 300000 | 301561 |
| Altice France S.A. |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 10/15/29<sup>3</sup> | 900000 | 771750 |
| &nbsp;&nbsp;&nbsp;5.13% due 07/15/29<sup>3</sup> | 350000 | 299250 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.50% due 03/15/42<sup>6</sup> | 1150000 | 984145 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** | **CORPORATE BONDS<sup>††</sup> - 42.2% (continued)** |
| **Communications - 2.2% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| AMC Networks, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.50% due 07/15/32<sup>3</sup> | 950000 | $981151 |
| Charter Communications Operating LLC / Charter Communications Operating Capital |  |  |
| &nbsp;&nbsp;&nbsp;5.25% due 04/01/53 | 1200000 | 980853 |
| Vodafone Group plc |  |  |
| &nbsp;&nbsp;&nbsp;5.13% due 06/04/81<sup>9</sup> | 1100000 | 853008 |
| Sunrise FinCo I B.V. |  |  |
| &nbsp;&nbsp;&nbsp;4.88% due 07/15/31<sup>3</sup> | 700000 | 668822 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;11.25% due 05/15/28<sup>3</sup> | 250000 | 249854 |
| Telenet Finance Luxembourg Notes SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/28 | 200000 | 198744 |
| **Total Communications** |  | 8752047 |
| **Technology - 1.1%** |  |  |
| Broadcom, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;3.19% due 11/15/36<sup>3,6</sup> | 1300000 | 1085160 |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.40% due 01/25/38<sup>3,6</sup> | 550000 | 588973 |
| &nbsp;&nbsp;&nbsp;5.88% due 01/25/34<sup>3</sup> | 400000 | 410648 |
| TeamSystem SpA |  |  |
| &nbsp;&nbsp;&nbsp;5.53% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 07/31/31<sup>◊,3</sup> | EUR 700,000 | 820532 |
| CDW LLC / CDW Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;3.57% due 12/01/31<sup>6</sup> | 800000 | 744685 |
| Xerox Corp. |  |  |
| &nbsp;&nbsp;&nbsp;10.25% due 10/15/30<sup>3</sup> | 450000 | 466958 |
| Dye & Durham Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;8.63% due 04/15/29<sup>3</sup> | 310000 | 323993 |
| **Total Technology** |  | 4440949 |
| **Basic Materials - 0.8%** |  |  |
| Steel Dynamics, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.75% due 05/15/55<sup>6</sup> | 1000000 | 974996 |
| ArcelorMittal S.A. |  |  |
| &nbsp;&nbsp;&nbsp;6.55% due 11/29/27<sup>6</sup> | 900000 | 938937 |
| SK Invictus Intermediate II SARL |  |  |
| &nbsp;&nbsp;&nbsp;5.00% due 10/30/29<sup>3</sup> | 700000 | 685906 |
| SCIL IV LLC / SCIL USA Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.38% due 11/01/26<sup>3,6</sup> | 600000 | 595949 |
| Dow Chemical Co. |  |  |
| &nbsp;&nbsp;&nbsp;6.90% due 05/15/53 | 200000 | 210022 |
| Mirabela Nickel Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; due 06/24/19<sup>†††,1,10</sup> | 96316 | 241 |
| **Total Basic Materials** |  | 3406051 |
| **Utility - 0.5%** |  |  |
| QTS Corp. |  |  |
| &nbsp;&nbsp;&nbsp;5.42% due 08/21/32 | 1925000 | 1930140 |
| **Government - 0.2%** |  |  |
| Amazon Conservation DAC |  |  |
| &nbsp;&nbsp;&nbsp;6.03% due 01/16/42<sup>3</sup> | 1000000 | 1014200 |
| **Financial Institutions - 0.1%** |  |  |
| MN8 Portfolio IV LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.31% due 07/30/45<sup>†††</sup> | 400000 | 401904 |
| **Transporation - 0.1%** |  |  |
| Stolthaven Houston, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;5.98% due 07/17/34<sup>†††</sup> | 392000 | 395069 |
| **Total Corporate Bonds** | **Total Corporate Bonds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $175,976,909) | &nbsp;&nbsp;&nbsp;(Cost $175,976,909) | 171739004 |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5%** | **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5%** | **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5%** |
| **Financial - 5.4%** |  |  |
| Thunderbird A |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> | 7000000 | 6530090 |
| Lightning A |  |  |
| &nbsp;&nbsp;&nbsp;5.50% due 03/01/37<sup>†††</sup> | 7000000 | 6530090 |
| HV Eight LLC |  |  |
| &nbsp;&nbsp;&nbsp;5.48% (3 Month EURIBOR + 3.50%, Rate Floor: 3.50%) due 12/31/27<sup>◊,†††</sup> | EUR 1,404,170 | 1639447 |
| KKR Core Holding Company LLC |  |  |
| &nbsp;&nbsp;&nbsp;4.00% due 08/12/31<sup>†††</sup> | 1386223 | 1287787 |
| Ceamer Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.92% due 11/15/37<sup>†††</sup> | 762000 | 784684 |
| &nbsp;&nbsp;&nbsp;6.79% due 11/15/39<sup>†††</sup> | 289565 | 295533 |
| Endo Luxembourg Finance Co I SARL / Endo US, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.40% due 09/30/45<sup>†††</sup> | 1000000 | 1034030 |
| Project Onyx I |  |  |
| &nbsp;&nbsp;&nbsp;7.09% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27<sup>◊,†††</sup> | 1030047 | 1029254 |
| Metis Issuer, LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.89% due 05/15/55<sup>†††</sup> | 900000 | 895563 |
| LVNV Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.80% due 11/05/28<sup>†††</sup> | 650000 | 683742 |
| &nbsp;&nbsp;&nbsp;6.84% due 06/12/29<sup>†††</sup> | 200000 | 205356 |
| Obsidian Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;6.93% due 05/15/55<sup>3</sup> | 850000 | 850000 |
| Project Onyx II |  |  |
| &nbsp;&nbsp;&nbsp;7.09% (3 Month Term SOFR + 2.80%, Rate Floor: 2.80%) due 01/26/27<sup>◊,†††</sup> | 285431 | 284655 |
| **Total Financial** |  | 22050231 |
| **Collateralized Loan Obligations - 4.8%** |  |  |
| Cerberus Loan Funding XLIV LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-5A C, 8.52% (3 Month Term SOFR + 4.20%, Rate Floor: 4.20%) due 01/15/36<sup>◊,3</sup> | 1400000 | 1416217 |
| Cerberus Loan Funding XLII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-3A C, 8.47% (3 Month Term SOFR + 4.15%, Rate Floor: 4.15%) due 09/13/35<sup>◊,3</sup> | 1250000 | 1250000 |
| Cerberus Loan Funding 52 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A C, due 10/15/37<sup>◊,3</sup> | 1250000 | 1250000 |
| Cerberus Loan Funding XLVII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A C, 6.87% (3 Month Term SOFR + 2.55%, Rate Floor: 2.55%) due 07/15/36<sup>◊,3</sup> | 1200000 | 1202908 |
| Owl Rock CLO I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A C, 8.45% (3 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 02/20/36<sup>◊,3</sup> | 1050000 | 1060708 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** |
| **Collateralized Loan Obligations - 4.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Cerberus Loan Funding XLV LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A C, 7.47% (3 Month Term SOFR + 3.15%, Rate Floor: 3.15%) due 04/15/36<sup>◊,3</sup> | 1000000.0 | $1003616 |
| JCP Direct Lending CLO 2023-1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A BR, 6.28% (3 Month Term SOFR + 1.95%, Rate Floor: 1.95%) due 07/20/37<sup>◊,3</sup> | 1000000.0 | 1002472 |
| OWL Rock CLO XXII LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-22A C, due 10/20/37<sup>◊,3</sup> | 1000000.0 | 1000000 |
| Cerberus Loan Funding XLVI, LP |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A C, 7.37% (3 Month Term SOFR + 3.05%, Rate Floor: 3.05%) due 07/15/36<sup>◊,3</sup> | 950000.0 | 953259 |
| TRTX Issuer Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-FL6 B, 6.41% (1 Month Term SOFR + 2.05%, Rate Floor: 2.05%) due 09/18/42<sup>◊,3</sup> | 900000.0 | 891888 |
| GoldenTree Loan Management US CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-9A DR, 7.68% (3 Month Term SOFR + 3.35%, Rate Floor: 3.35%) due 04/20/37<sup>◊,3</sup> | 800000.0 | 804811 |
| Carlyle Direct Lending CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A BR, 7.07% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 07/15/36<sup>◊,3</sup> | 800000.0 | 802648 |
| Cerberus Loan Funding XL LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A C, 8.72% (3 Month Term SOFR + 4.40%, Rate Floor: 4.40%) due 03/22/35<sup>◊,3</sup> | 750000.0 | 754527 |
| Fortress Credit BSL XV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A CR, 6.93% (3 Month Term SOFR + 2.60%, Rate Floor: 2.60%) due 10/18/33<sup>◊,3</sup> | 650000.0 | 651027 |
| KREF Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-FL2 AS, 5.78% (1 Month Term SOFR + 1.41%, Rate Floor: 1.30%) due 02/15/39<sup>◊,3</sup> | 650000.0 | 637795 |
| OWL Rock CLO XXI LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-21A C, 6.72% (3 Month Term SOFR + 2.40%, Rate Floor: 2.40%) due 07/24/34<sup>◊,3</sup> | 600000.0 | 604526 |
| Owl Rock CLO XVI LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-16A C, 7.63% (3 Month Term SOFR + 3.30%, Rate Floor: 3.30%) due 04/20/36<sup>◊,3</sup> | 600000.0 | 602459 |
| FS Rialto Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-FL9 C, 7.00% (1 Month Term SOFR + 2.64%, Rate Floor: 2.65%) due 10/19/39<sup>◊,3</sup> | 600000.0 | 598672 |
| Golub Capital Partners CLO 46M Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-46A CR, 7.38% (3 Month Term SOFR + 3.05%, Rate Floor: 3.05%) due 04/20/37<sup>◊,3</sup> | 500000.0 | 501630 |
| BDS LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-FL15 C, 6.45% (1 Month Term SOFR + 2.15%, Rate Floor: 2.15%) due 03/19/43<sup>◊,3</sup> | 500000.0 | 500217 |
| GoldenTree Loan Management US CLO 24 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-24A E, 8.88% (3 Month Term SOFR + 4.60%, Rate Floor: 4.60%) due 10/20/38<sup>◊,3</sup> | 450000.0 | 449232 |
| Madison Park Funding LVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-58A D, 7.97% (3 Month Term SOFR + 3.65%, Rate Floor: 3.65%) due 04/25/37<sup>◊,3</sup> | 400000.0 | 403163 |
| OHA Credit Partners VII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-7A ER4, 8.70% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 02/20/38<sup>◊,3</sup> | 300000.0 | 299336 |
| HPS Private Credit CLO LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-3A D, 8.26% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 07/20/37<sup>◊,3</sup> | 250000.0 | 251830 |
| Ares Direct Lending CLO 1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A B, 6.52% (3 Month Term SOFR + 2.20%, Rate Floor: 2.20%) due 04/25/36<sup>◊,3</sup> | 250000.0 | 249521 |
| Elmwood CLO VI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A ERR, 10.23% (3 Month Term SOFR + 5.90%, Rate Floor: 5.90%) due 07/18/37<sup>◊,3</sup> | 250000.0 | 247469 |
| Elmwood CLO 16 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-3A ER, 11.08% (3 Month Term SOFR + 6.75%, Rate Floor: 6.75%) due 04/20/37<sup>◊,3</sup> | 100000.0 | 100190 |
| BNPP IP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-2A E, 9.82% (3 Month Term SOFR + 5.51%, Rate Floor: 0.00%) due 10/30/25<sup>◊,3</sup> | 225405.0 | 32458 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** |
| **Collateralized Loan Obligations - 4.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| WhiteHorse VIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2014-1A E, 9.11% (3 Month Term SOFR + 4.81%, Rate Floor: 0.00%) due 05/01/26<sup>◊,3</sup> | 14488.0 | $5542 |
| **Total Collateralized Loan Obligations** |  | 19528121 |
| **Infrastructure - 2.7%** |  |  |
| VB-S1 Issuer LLC - VBTEL |  |  |
| &nbsp;&nbsp;&nbsp;2022-1A, 4.29% due 02/15/52<sup>3</sup> | 5000000.0 | 4793041 |
| Hotwire Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 8.84% due 05/20/53<sup>3</sup> | 1900000.0 | 1958949 |
| &nbsp;&nbsp;&nbsp;2024-1A, 6.67% due 06/20/54<sup>3</sup> | 100000.0 | 102280 |
| Switch ABS Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A, 5.44% due 06/25/54<sup>3</sup> | 850000.0 | 858167 |
| &nbsp;&nbsp;&nbsp;2025-1A, 5.04% due 03/25/55<sup>3</sup> | 500000.0 | 495070 |
| &nbsp;&nbsp;&nbsp;2024-1A, 6.28% due 03/25/54<sup>3</sup> | 150000.0 | 152907 |
| QTS Issuer ABS I LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A, 5.44% due 05/25/55<sup>3</sup> | 1000000.0 | 1016621 |
| Aligned Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 1.94% due 08/15/46<sup>3</sup> | 1000000.0 | 972383 |
| Stack Infrastructure Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A, 5.00% due 05/25/50<sup>3</sup> | 550000.0 | 548334 |
| **Total Infrastructure** |  | 10897752 |
| **Transport-Aircraft - 2.4%** |  |  |
| GAIA Aviation Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 12/15/44<sup>3,12</sup> | 2053047.0 | 1990491 |
| Castlelake Aircraft Structured Trust |  |  |
| &nbsp;&nbsp;&nbsp;2025-2A, 5.47% due 08/15/50<sup>3</sup> | 1000000.0 | 1008744 |
| AASET Trust |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A, 6.26% due 05/16/49<sup>3</sup> | 561535.0 | 582108 |
| &nbsp;&nbsp;&nbsp;2021-2A, 2.80% due 01/15/47<sup>3</sup> | 333512.0 | 314105 |
| Navigator Aircraft ABS Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 2.77% due 11/15/46<sup>3</sup> | 875340.0 | 829485 |
| Navigator Aviation Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-1, 6.09% due 08/15/49<sup>3</sup> | 789286.0 | 789770 |
| AASET Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-2A, 5.93% due 09/16/49<sup>3</sup> | 748818.0 | 765510 |
| JOL Air Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2019-1, 3.97% due 04/15/44<sup>3</sup> | 699883.0 | 694753 |
| Start Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2018-1, 4.09% due 05/15/43<sup>3</sup> | 520201.0 | 519941 |
| Sprite Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2021-1, 3.75% due 11/15/46<sup>3</sup> | 475317.0 | 459838 |
| Gilead Aviation LLC |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A, 5.79% due 03/15/50<sup>3</sup> | 440778.0 | 450584 |
| Slam Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A, 5.81% due 05/15/50<sup>3</sup> | 393981.0 | 404853 |
| ALTDE Trust |  |  |
| &nbsp;&nbsp;&nbsp;2025-1A, 5.90% due 08/15/50<sup>3</sup> | 386954.0 | 396748 |
| Labrador Aviation Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2016-1A, 4.30% due 01/15/42<sup>3</sup> | 386249.0 | 376578 |
| **Total Transport-Aircraft** |  | 9583508 |
| **Insurance - 1.1%** |  |  |
| Obra Longevity |  |  |
| &nbsp;&nbsp;&nbsp;8.48% due 06/30/39<sup>†††</sup> | 1950000.0 | 2071427 |
| Dogwood State Bank |  |  |
| &nbsp;&nbsp;&nbsp;6.45% due 06/24/32<sup>†††</sup> | 2000000.0 | 2011720 |
| CHEST |  |  |
| &nbsp;&nbsp;&nbsp;7.13% due 03/23/43<sup>†††</sup> | 450000.0 | 472617 |
| **Total Insurance** |  | 4555764 |
| **Whole Business - 0.9%** |  |  |
| Subway Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A, 6.51% due 07/30/54<sup>3</sup> | 942875.0 | 970412 |
| &nbsp;&nbsp;&nbsp;2024-3A, 5.91% due 07/30/54<sup>3</sup> | 545875.0 | 542259 |
| SERVPRO Master Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2019-1A, 3.88% due 10/25/49<sup>3</sup> | 942500.0 | 930907 |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.39% due 04/25/51<sup>3</sup> | 47875.0 | 45000 |
| Sonic Capital LLC |  |  |
| &nbsp;&nbsp;&nbsp;2021-1A, 2.64% due 08/20/51<sup>3</sup> | 941617.0 | 813667 |
| Five Guys Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 7.55% due 01/26/54<sup>3</sup> | 397000.0 | 411114 |
| **Total Whole Business** |  | 3713359 |
| **Net Lease - 0.6%** |  |  |
| CARS-DB7, LP |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 6.50% due 09/15/53<sup>3</sup> | 979167.0 | 989077 |
| SVC ABS LLC |  |  |
| &nbsp;&nbsp;&nbsp;2023-1A, 5.55% due 02/20/53<sup>3</sup> | 993750.0 | 976461 |
| CARS-DB4, LP |  |  |
| &nbsp;&nbsp;&nbsp;2020-1A, 4.95% due 02/15/50<sup>3</sup> | 500000.0 | 454873 |
| **Total Net Lease** |  | 2420411 |
| **Single Family Residence - 0.5%** |  |  |
| FirstKey Homes Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-SFR3, 4.50% due 07/17/38<sup>3</sup> | 1000000.0 | 995361 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.50% due 10/19/37<sup>3</sup> | 400000.0 | 397786 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 4.00% due 10/19/37<sup>3</sup> | 400000.0 | 397613 |
| &nbsp;&nbsp;&nbsp;2020-SFR2, 3.37% due 10/19/37<sup>3</sup> | 250000.0 | 248343 |
| **Total Single Family Residence** |  | 2039103 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** | **ASSET-BACKED SECURITIES<sup>††</sup> - 18.5% (continued)** |

---

---

| | | |
|:---|:---|:---|
| **Unsecured Consumer Loans - 0.1%** |  |  |
| Service Experts Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;2024-1A, 6.39% due 11/20/35<sup>3</sup> | 262618 | $267805 |
| **Total Asset-Backed Securities** | **Total Asset-Backed Securities** |  |
| &nbsp;&nbsp;&nbsp;(Cost $75,180,309) | &nbsp;&nbsp;&nbsp;(Cost $75,180,309) | 75056054 |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 8.4%** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 8.4%** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 8.4%** |
| **Consumer, Cyclical - 2.3%** |  |  |
| FR Refuel LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.18% (1 Month Term SOFR + 4.75%, Rate Floor: 5.50%) due 11/08/28 | 1260745 | 1248137 |
| Zephyr Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.47% (1 Month GBP SONIA + 5.50%, Rate Floor: 5.50%) due 07/20/28 | GBP 900,000 | 1217451 |
| MB2 Dental Solutions LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.82% (1 Month Term SOFR + 5.50%, Rate Floor: 6.25%) due 02/13/31<sup>†††</sup> | 1113755 | 1107957 |
| Pacific Bells LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.56% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 11/13/28 | 1036498 | 1037794 |
| Alexander Mann |  |  |
| &nbsp;&nbsp;&nbsp;10.46% (1 Month Term SOFR + 6.00%, Rate Floor: 6.00%) due 06/29/27 | 982500 | 933375 |
| First Brands Group LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.57% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 03/30/27 | 765037 | 726785 |
| Grant Thornton Advisors LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.32% (1 Month Term SOFR + 3.00%, Rate Floor: 3.00%) due 05/30/31 | 630000 | 631417 |
| Scientific Games Corp. |  |  |
| &nbsp;&nbsp;&nbsp;7.29% (3 Month Term SOFR + 3.00%, Rate Floor: 3.50%) due 04/04/29 | 595500 | 588676 |
| Accuride Corp. |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Term SOFR + 1.50%, Rate Floor: 1.50%) (in-kind rate was 3.00%) due 03/07/30<sup>†††,2,13</sup> | 292420 | 549582 |
| The Facilities Group |  |  |
| &nbsp;&nbsp;&nbsp;10.06% (3 Month Term SOFR + 5.75%, Rate Floor: 6.75%) due 11/30/27<sup>†††</sup> | 487657 | 481469 |
| NFM & J LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.16% (3 Month Term SOFR + 5.75%, Rate Floor: 6.75%) due 11/30/27<sup>†††</sup> | 479727 | 473640 |
| Blue Ribbon LLC |  |  |
| &nbsp;&nbsp;&nbsp;12.28% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) (in-kind rate was 4.00%) due 05/08/28<sup>†††,13</sup> | 352669 | 350906 |
| CCRR Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.71% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/06/28 | 635026 | 190508 |
| **Total Consumer, Cyclical** |  | 9537697 |
| **Financial - 1.6%** |  |  |
| Boots Group Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; due 08/30/32 | 1000000 | 1002080 |
| Eisner Advisory Group |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 02/28/31 | 985069 | 990615 |
| Higginbotham Insurance Agency, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.82% (1 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 11/24/28<sup>†††</sup> | 990000 | 983914 |
| Citadel Securities, LP |  |  |
| &nbsp;&nbsp;&nbsp;6.32% (1 Month Term SOFR + 2.00%, Rate Floor: 2.00%) due 10/31/31 | 972710 | 974937 |
| Aretec Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;7.82% (1 Month Term SOFR + 3.50%, Rate Floor: 3.50%) due 08/09/30 | 845750 | 846130 |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.57% (1 Month Term SOFR + 4.25%, Rate Floor: 4.25%) due 09/19/30 | 800000 | 790400 |
| HighTower Holding LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.07% (3 Month Term SOFR + 2.75%, Rate Floor: 2.75%) due 02/03/32 | 343737 | 343022 |
| Tegra118 Wealth Solutions, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.20% (3 Month Term SOFR + 4.00%, Rate Floor: 4.00%) due 02/18/27 | 344560 | 340253 |
| Cliffwater LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.31% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 03/19/32<sup>†††</sup> | 269325 | 268466 |
| **Total Financial** |  | 6539817 |
| **Consumer, Non-cyclical - 1.4%** |  |  |
| Women's Care Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.91% (3 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 01/15/28 | 1038868 | 942772 |
| Quirch Foods Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.57% (3 Month Term SOFR + 5.00%, Rate Floor: 6.00%) due 10/27/27 | 936715 | 917513 |
| Recess Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.07% (3 Month Term SOFR + 3.75%, Rate Floor: 4.75%) due 02/20/30 | 890021 | 893920 |
| HAH Group Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.32% (1 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 09/24/31 | 880221 | 787068 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 8.4% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 8.4% (continued)** | **SENIOR FLOATING RATE INTERESTS<sup>††,◊</sup> - 8.4% (continued)** |
| **Consumer, Non-cyclical - 1.4% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| LaserAway Intermediate Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.33% (3 Month Term SOFR + 5.75%, Rate Floor: 6.50%) due 10/14/27 | 767273 | $751927 |
| Blue Ribbon LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.55% (3 Month Term SOFR + 6.00%, Rate Floor: 6.75%) due 05/08/28 | 934375 | 663406 |
| Gibson Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.58% (3 Month Term SOFR + 5.00%, Rate Floor: 5.00%) due 08/11/28 | 482500 | 451741 |
| Florida Food Products LLC |  |  |
| &nbsp;&nbsp;&nbsp;9.56% (3 Month Term SOFR + 5.00%, Rate Floor: 5.75%) due 10/18/28 | 431550 | 289138 |
| **Total Consumer, Non-cyclical** |  | 5697485 |
| **Technology - 1.3%** |  |  |
| Sitecore Holding III A/S |  |  |
| &nbsp;&nbsp;&nbsp;11.60% (3 Month Term SOFR + 3.18%, Rate Floor: 3.18%) (in-kind rate was 6.24%) due 03/12/29<sup>†††,13</sup> | 1107119 | 1099792 |
| &nbsp;&nbsp;&nbsp;9.25% (3 Month EURIBOR + 3.25%, Rate Floor: 3.25%) (in-kind rate was 5.06%) due 03/12/29<sup>†††,13</sup> | EUR 807,300 | 938291 |
| Total Webhosting Solutions BV |  |  |
| &nbsp;&nbsp;&nbsp;5.90% (6 Month EURIBOR + 4.00%, Rate Floor: 4.00%) due 11/06/31 | EUR 1,000,000 | 1174388 |
| Datix Bidco Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;9.46% (6 Month GBP SONIA + 5.25%, Rate Floor: 5.25%) due 04/30/31<sup>†††</sup> | GBP 472,000 | 633153 |
| &nbsp;&nbsp;&nbsp;9.54% (6 Month Term SOFR + 5.25%, Rate Floor: 5.75%) due 04/30/31<sup>†††</sup> | 140000 | 140000 |
| &nbsp;&nbsp;&nbsp;9.54% (6 Month Term SOFR + 5.25%, Rate Floor: 5.75%) due 10/30/30<sup>†††</sup> | 13000 | 11654 |
| Polaris Newco LLC |  |  |
| &nbsp;&nbsp;&nbsp;7.94% (1 Month Term SOFR + 3.25%, Rate Floor: 3.25%) due 06/04/26<sup>†††</sup> | 606727 | 595139 |
| Modena Buyer LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.81% (3 Month Term SOFR + 4.50%, Rate Floor: 4.50%) due 07/01/31 | 545875 | 536519 |
| **Total Technology** |  | 5128936 |
| **Industrial - 1.2%** |  |  |
| Inspired Finco Holdings, Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;5.12% (1 Month EURIBOR + 3.25%, Rate Floor: 3.25%) due 02/28/31 | EUR 1,000,000 | 1170610 |
| Dispatch Terra Acquisition LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.70% (3 Month Term SOFR + 4.25%, Rate Floor: 5.00%) due 03/27/28 | 1104000 | 1076168 |
| Capstone Acquisition Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.92% (1 Month Term SOFR + 4.50%, Rate Floor: 5.50%) due 11/12/29<sup>†††</sup> | 917846 | 913570 |
| Merlin Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.30% (3 Month Term SOFR + 4.00%, Rate Floor: 4.50%) due 12/14/28 | 564970 | 559557 |
| Michael Baker International LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.31% (3 Month Term SOFR + 4.00%, Rate Floor: 4.75%) due 12/01/28 | 396010 | 397329 |
| Integrated Power Services Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.93% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/22/28<sup>†††</sup> | 193467 | 193020 |
| &nbsp;&nbsp;&nbsp;9.18% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 11/22/28<sup>†††</sup> | 193166 | 192720 |
| Merlin Buyer, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;9.05% (3 Month Term SOFR + 4.75%, Rate Floor: 5.25%) due 12/14/28<sup>†††</sup> | 294724 | 291776 |
| ILPEA Parent, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;8.32% (1 Month Term SOFR + 4.01%, Rate Floor: 4.76%) due 06/22/28 | 97947 | 97642 |
| **Total Industrial** |  | 4892392 |
| **Communications - 0.5%** |  |  |
| FirstDigital Communications LLC |  |  |
| &nbsp;&nbsp;&nbsp;10.75% (Commercial Prime Lending Rate + 3.25%, Rate Floor: 4.00%) due 12/17/26<sup>†††</sup> | 1228125 | 1208717 |
| Syndigo LLC |  |  |
| &nbsp;&nbsp;&nbsp;8.93% (1 Month Term SOFR + 4.50%, Rate Floor: 5.25%) due 12/15/27 | 912905 | 911764 |
| **Total Communications** |  | 2120481 |
| **Basic Materials - 0.1%** |  |  |
| GrafTech Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;10.32% (1 Month Term SOFR + 6.00%, Rate Floor: 8.00%) due 12/21/29 | 316054 | 320204 |
| **Total Senior Floating Rate Interests** | **Total Senior Floating Rate Interests** |  |
| &nbsp;&nbsp;&nbsp;(Cost $34,409,281) | &nbsp;&nbsp;&nbsp;(Cost $34,409,281) | 34237012 |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 3.5%** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 3.5%** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 3.5%** |
| **Residential Mortgage-Backed Securities - 1.8%** |  |  |
| Imperial Fund Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM2, 4.20% (WAC) due 03/25/67<sup>◊,3</sup> | 1658093 | 1582372 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2024-NQM5, 6.51% due 01/25/64<sup>3</sup> | 750000 | 756576 |
| &nbsp;&nbsp;&nbsp;2022-NQM8, 6.10% due 09/25/62<sup>3,12</sup> | 351178 | 349875 |
| &nbsp;&nbsp;&nbsp;2024-NQM6, 6.85% due 02/25/64<sup>3,12</sup> | 237152 | 240701 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | |
|:---|:---|:---|
|  | **Face<br> Amount<sup>~</sup>** | <br> **Value** |
| **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 3.5% (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 3.5% (continued)** | **COLLATERALIZED MORTGAGE OBLIGATIONS<sup>††</sup> - 3.5% (continued)** |
| **Residential Mortgage-Backed Securities - 1.8% (continued)** |  |  |

---

---

| | | |
|:---|:---|:---|
| Mill City Securities Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-RS1, 3.00% due 11/01/69<sup>3,12</sup> | 709202 | $657076 |
| &nbsp;&nbsp;&nbsp;2024-RS2, 3.00% due 08/01/69<sup>3,12</sup> | 412634 | 385813 |
| RCKT Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp;2025-CES8, 5.50% (WAC) due 08/25/55<sup>◊,3</sup> | 1000000 | 1005580 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp;2025-NQM3, 5.99% due 05/25/65<sup>3</sup> | 521434 | 527566 |
| CFMT LLC |  |  |
| &nbsp;&nbsp;&nbsp;2022-HB9, 3.25% (WAC) due 09/25/37<sup>◊,3</sup> | 500000 | 481342 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp;2022-NQM5, 5.71% due 08/25/67<sup>3,12</sup> | 451318 | 449520 |
| Top Pressure Recovery Turbines |  |  |
| &nbsp;&nbsp;&nbsp; 7.51% due 11/01/69 | 442016 | 442016 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp;2024-HE1, 6.17% (WAC) due 03/25/54<sup>◊,3</sup> | 211483 | 216231 |
| LSTAR Securities Investment Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;2024-1, 7.45% (30 Day Average SOFR + 3.10%, Rate Floor: 3.10%) due 01/01/29<sup>◊,3</sup> | 186216 | 187273 |
| **Total Residential Mortgage-Backed Securities** |  | 7281941 |
| **Government Agency - 0.9%** |  |  |
| Uniform MBS 30 Year |  |  |
| &nbsp;&nbsp;&nbsp; due 11/01/25<sup>11</sup> | 3800000 | 3818415 |
| **Commercial Mortgage-Backed Securities - 0.6%** |  |  |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp;2024-VLT4, 6.80% (1 Month Term SOFR + 2.44%, Rate Floor: 2.44%) due 07/15/29<sup>◊,3</sup> | 1150000 | 1147125 |
| BXHPP Trust |  |  |
| &nbsp;&nbsp;&nbsp;2021-FILM, 5.58% (1 Month Term SOFR + 1.21%, Rate Floor: 1.10%) due 08/15/36<sup>◊,3</sup> | 1250000 | 1130319 |
| **Total Commercial Mortgage-Backed Securities** |  | 2277444 |
| **Military Housing - 0.2%** |  |  |
| Freddie Mac Military Housing Bonds Resecuritization Trust Certificates |  |  |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 10/25/52<sup>◊,3,14</sup> | 9037295 | 515516 |
| &nbsp;&nbsp;&nbsp;2015-R1, 0.70% (WAC) due 11/25/55<sup>◊,3,14</sup> | 6574893 | 369057 |
| &nbsp;&nbsp;&nbsp;2015-R1, 5.95% (WAC) due 11/25/52<sup>◊,3</sup> | 80426 | 66808 |
| **Total Military Housing** |  | 951381 |
| **Total Collateralized Mortgage Obligations** | **Total Collateralized Mortgage Obligations** |  |
| &nbsp;&nbsp;&nbsp;(Cost $14,586,709) | &nbsp;&nbsp;&nbsp;(Cost $14,586,709) | 14329181 |
| **FEDERAL AGENCY BONDS<sup>††</sup> - 1.0%** | **FEDERAL AGENCY BONDS<sup>††</sup> - 1.0%** | **FEDERAL AGENCY BONDS<sup>††</sup> - 1.0%** |
| Tennessee Valley Authority | Tennessee Valley Authority | Tennessee Valley Authority |
| &nbsp;&nbsp;&nbsp;4.25% due 09/15/65 | 4800000 | 3813302 |
| **Total Federal Agency Bonds** | **Total Federal Agency Bonds** |  |
| &nbsp;&nbsp;&nbsp;(Cost $3,678,350) |  | 3813302 |
| **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** | **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** | **FOREIGN GOVERNMENT DEBT<sup>††</sup> - 0.3%** |
| Panama Government International Bond | Panama Government International Bond | Panama Government International Bond |
| &nbsp;&nbsp;&nbsp;4.50% due 01/19/63 | 1250000 | 848250 |
| Eagle Funding Luxco SARL | Eagle Funding Luxco SARL | Eagle Funding Luxco SARL |
| &nbsp;&nbsp;&nbsp;5.50% due 08/17/30<sup>3</sup> | 500000 | 507050 |
| **Total Foreign Government Debt** | **Total Foreign Government Debt** |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,741,199) |  | 1355300 |
| **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 0.2%** | **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 0.2%** | **U.S. GOVERNMENT SECURITIES<sup>††</sup> - 0.2%** |
| U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
| &nbsp;&nbsp;&nbsp;4.63% due 02/15/35<sup>6</sup> | 860000 | 889428 |
| **Total U.S. Government Securities** | **Total U.S. Government Securities** |  |
| &nbsp;&nbsp;&nbsp;(Cost $864,362) |  | 889428 |
| **Total Investments - 142.7%** | **Total Investments - 142.7%** |  |
| &nbsp;&nbsp;&nbsp;(Cost $603,853,638) | &nbsp;&nbsp;&nbsp;(Cost $603,853,638) | $580890456 |
| **Other Assets & Liabilities, net - (42.7)%** | **Other Assets & Liabilities, net - (42.7)%** | &nbsp;&nbsp;&nbsp;&nbsp;(173748079) |
| **Total Net Assets - 100.0%** | **Total Net Assets - 100.0%** | $407142377 |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | **Forward Foreign Currency Exchange Contracts<sup>††</sup>** | | |
| **Counterparty** | **Currency** | **Type** | **Quantity** | **Contract Amount** | <br>**Settlement Date** | <br>**Unrealized Appreciation (Depreciation)** |
| Morgan Stanley Capital Services LLC | GBP | Sell | 2630000 | 3,569,115 USD | 09/16/25 | $14129 |
| Morgan Stanley Capital Services LLC | EUR | Sell | 4820000 | 5,655,899 USD | 09/16/25 | 11764 |
| Toronto-Dominion Bank | GBP | Buy | 25000 | 33,696 USD | 09/16/25 | 96 |
| Citibank, N.A. | CAD | Buy | 20000 | 14,505 USD | 09/16/25 | 71 |
| JPMorgan Chase Bank, N.A. | EUR | Sell | 20000 | 23,410 USD | 09/16/25 | (10) |
| JPMorgan Chase Bank, N.A. | CAD | Sell | 1067000 | 776,168 USD | 09/16/25 | (1484) |
|  |  |  |  |  |  | $24566 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | |
|:---|:---|
| *~* | *The face amount is denominated in U.S. dollars unless otherwise indicated.* |
| *\** | *Non-income producing security.* |
| *\*\*\** | *A copy of each underlying unaffiliated fund's financial statements is available at the SEC's website at www.sec.gov.<br>*  |
| *†* | *Value determined based on Level 1 inputs, unless otherwise noted — See Note 3.* |
| *††* | *Value determined based on Level 2 inputs, unless otherwise noted — See Note 3.* |
| *†††* | *Value determined based on Level 3 inputs — See Note 3.* |
| *◊* | *Variable rate security. Rate indicated is the rate effective at August 31, 2025. In some instances, the effective rate is limited by a minimum rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.* |
| *1* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be illiquid and restricted under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) illiquid and restricted securities is $5,838,397 (cost $6,295,708), or 1.4% of total net assets — See Note 6.* |
| *2* | *Affiliated issuer.* |
| *3* | *Security is a 144A or Section 4(a)(2) security. These securities have been determined to be liquid under guidelines established by the Board of Trustees. The total market value of 144A or Section 4(a)(2) securities is $136,910,395 (cost $138,665,566), or 33.6% of total net assets.* |
| *4* | *Special Purpose Acquisition Company (SPAC).* |
| *5* | *Rate indicated is the 7-day yield as of August 31, 2025.* |
| *6* | *All or a portion of these securities have been physically segregated in connection with unfunded loan commitments and reverse repurchase agreements. As of August 31, 2025, the total value of securities was $176,949,759.* |
| *7* | *Zero coupon rate security.* |
| *8* | *Perpetual maturity.* |
| *9* | *Security has a fixed rate coupon which will convert to a floating or variable rate coupon on a future date.* |
| *10* | *Security is in default of interest and/or principal obligations.* |
| *11* | *Security is unsettled at period end and may not have a stated effective rate.* |
| *12* | *Security is a step up/down bond. The coupon increases or decreases at regular intervals until the bond reaches full maturity. Rate indicated is the rate at August 31, 2025. See table below for additional step information for each security.* |
| *13* | *Payment-in-kind security.* |
| *14* | *Security is an interest-only strip.* |

---

*15* *Taxable municipal bond issued as part of the Build America Bond program.*

---

| | |
|:---|:---|
|  | *CAD — Canadian Dollar* |
|  | *EUR — Euro* |
|  | *EURIBOR — European Interbank Offered Rate* |
|  | *GBP — British Pound* |
|  | *plc — Public Limited Company* |
|  | *SARL — Société à Responsabilité Limitée* |
|  | *SOFR — Secured Overnight Financing Rate* |
|  | *SONIA — Sterling Overnight Index Average* |
|  | *WAC — Weighted Average Coupon* |
| *See Sector Classification in Other Information section.* | *See Sector Classification in Other Information section.* |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The following table summarizes the inputs used to value the Trust's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Trust's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Trust's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Trust's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): | The following table summarizes the inputs used to value the Trust's investments at August 31, 2025 (See Note 3 in the Notes to Schedule of Investments): |
| **Investments in Securities (Assets)** | **Level 1**<br> **Quoted**<br> **Prices**  | **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**  | **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**  | **Total** |
| Common Stocks | $26466 | $248417 | $1182066 | $1456949 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;5271623 | 4986746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 10258369 |
| Warrants | 122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 3 | 125 |
| Money Market Funds | 1005111 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1005111 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 266750621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 266750621 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 160381520 | 11357484 | 171739004 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 49300059 | 25755995 | 75056054 |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 23803246 | 10433766 | 34237012 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 14329181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 14329181 |
| Federal Agency Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 3813302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 3813302 |
| Foreign Government Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1355300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 1355300 |
| U.S. Government Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 889428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 889428 |
| Forward Foreign Currency Exchange Contracts\*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 26060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 26060 |
| Total Assets | $6303322 | $525883880 | $48729314 | $580916516 |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities (Liabilities)** | **Level 1**<br> **Quoted**<br> **Prices**  | **Level 2**<br> **Significant**<br> **Observable**<br> **Inputs**  | **Level 3**<br> **Significant**<br> **Unobservable**<br> **Inputs**  | **Total** |
| Forward Foreign Currency Exchange Contracts\*\* | &nbsp;&nbsp;&nbsp;&nbsp;$— | $1494 | &nbsp;&nbsp;&nbsp;&nbsp;$— | $1494 |
| Unfunded Loan Commitments (Note 5) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 41831 | 41831 |
| Total Liabilities | $— | $1494 | $41831 | $43325 |
| \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. | \*\* This derivative is reported as unrealized appreciation/depreciation at period end. |
| Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. | Please refer to the detailed Schedule of Investments for a breakdown of investment type by industry category. |

---

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of the period end, reverse repurchase agreements of $173,074,877 are categorized as Level 2 within the disclosure hierarchy — See Note 2.

The following is a summary of significant unobservable inputs used in the fair valuation of assets and liabilities categorized within Level 3 of the fair value hierarchy:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Category** | **Ending Balance at August 31, 2025** | **Valuation Technique** | **Unobservable Inputs** | **Input Range** | **Weighted Average\*** |
| **Assets:** |  |  |  |  |  |
| Asset-Backed Securities | $15709682 | &nbsp;&nbsp;&nbsp;&nbsp;Yield Analysis | Yield | 5.9%-7.2% | 7.0% |
| Asset-Backed Securities | 10046313 | &nbsp;&nbsp;&nbsp;&nbsp;Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Common Stocks | 1160501 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Common Stocks | 13098 | &nbsp;&nbsp;&nbsp;&nbsp;Enterprise Value | Valuation Multiple | 2.6x-8.6x | 2.8x |
| Common Stocks | 8467 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Corporate Bonds | 7504110 | &nbsp;&nbsp;&nbsp;&nbsp;Option adjusted spread off prior month end broker quote | Broker Quote |  |  |
| Corporate Bonds | 3722241 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;131133 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Trade Price |  |  |
| Senior Floating Rate Interests | 6432869 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |
| Senior Floating Rate Interests | 2808633 | &nbsp;&nbsp;&nbsp;&nbsp;Yield Analysis | Yield | 9.8%-10.7% | 10.2% |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;642682 | &nbsp;&nbsp;&nbsp;&nbsp;Third Party Pricing | Broker Quote |  |  |
| Senior Floating Rate Interests | &nbsp;&nbsp;&nbsp;&nbsp;549582 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Liquidation Value |  |  |
| Total Assets | $48729314 |  |  |  |  |
| **Liabilities:** |  |  |  |  |  |
| Unfunded Loan Commitments | $41831 | &nbsp;&nbsp;&nbsp;&nbsp;Model Price | Purchase Price |  |  |

---

\* Inputs are weighted by the fair value of the instruments.

Significant changes in a quote, yield, liquidation value or valuation multiple would generally result in significant changes in the fair value of the security.

The Trust's fair valuation leveling guidelines classify a single daily broker quote, or a vendor price based on a single daily or monthly broker quote, as Level 3, if such a quote or price cannot be supported with other available market information.

Transfers between Level 2 and Level 3 may occur as markets fluctuate and/or the availability of data used in an investment's valuation changes. For the period ended August 31, 2025, the Trust had securities with a total value of $291,776 transfer into Level 3 from Level 2 due to a lack of observable inputs and had no securities transfer out of Level 3 into Level 2 due to the availability of current and reliable market-based data provided by a third-party pricing service which utilizes significant observable inputs.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Assets** | **Assets** | **Assets** | **Assets** | **Assets** | | |
| | **Asset-Backed Securities** | **Corporate Bonds** | **Senior Floating Rate Interests** | **Warrants** | **Common Stocks** | <br>**Total Assets** | **Liabilities**<br>**Unfunded Loan Commitments** |
| Beginning Balance | $23024027 | $8571488 | $10335753 | $3 | $21019 | $41952290 | $(48293) |
| Purchases/(Receipts) | &nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;3739000 | 790501 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;1160501 | &nbsp;&nbsp;&nbsp;&nbsp;7690002 | (131805) |
| (Sales, maturities and paydowns)/Fundings | &nbsp;&nbsp;&nbsp;&nbsp;(10877) | &nbsp;&nbsp;&nbsp;&nbsp;(1135161) | (967831) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(2113869) | 76788 |
| Amortization of premiums/discounts | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | 21490 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;21490 | &nbsp;&nbsp;&nbsp;&nbsp;(2434) |
| Total realized gains (losses) included in earnings | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(33357) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;(33357) | 68924 |
| Total change in unrealized appreciation (depreciation) included in earnings | 742845 | 182157 | &nbsp;&nbsp;&nbsp;&nbsp;(4566) | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;546 | &nbsp;&nbsp;&nbsp;&nbsp;920982 | &nbsp;&nbsp;&nbsp;&nbsp;(5011) |
| Transfers into Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | 291776 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;291776 | &nbsp;&nbsp;&nbsp;&nbsp;- |
| Transfers out of Level 3 | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;- |
| Ending Balance | $25755995 | $11357484 | $10433766 | $3 | $1182066 | $48729314 | $(41831) |
| Net change in unrealized appreciation (depreciation) for investments in Level 3 securities still held at August 31, 2025 | $742845 | $182157 | $(4566) | $- | $546 | $920982 | $(5011) |

---

**Step Coupon Bonds**

The following table discloses additional information related to step coupon bonds held by the Trust. Certain securities are subject to multiple rate changes prior to maturity. For those securities, a range of rates and corresponding dates have been provided. Rates for all step coupon bonds held by the Trust are scheduled to increase, except GAIA Aviation Ltd. which is scheduled to decrease.

---

| | | |
|:---|:---|:---|
| **Name** | **Coupon Rate at**<br> **Next Reset Date** | **Next Rate Reset Date** |
| GAIA Aviation Ltd. 2019-1, 3.97% due 12/15/44 | 2.00% | 10/15/26 |
| GCAT Trust 2022-NQM5, 5.71% due 08/25/67 | 6.71% | 10/01/26 |
| Mill City Securities Ltd. 2024-RS2, 3.00% due 08/01/69 | 6.00% | 12/01/27 |
| Mill City Securities Ltd. 2024-RS1, 3.00% due 11/01/69 | 6.00% | 10/01/27 |
| OBX Trust 2022-NQM8, 6.10% due 09/25/62 | 7.10% | 10/01/26 |
| OBX Trust 2024-NQM6, 6.85% due 02/25/64 | 7.85% | 04/01/28 |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

**Affiliated Transactions**

Investments representing 5% or more of the outstanding voting shares of a company, or control of or by, or common control under Guggenheim Investments, result in that company being considered an affiliated person, as defined in the Investment Company Act of 1940 ("affiliated issuer").

---

| | |
|:---|:---|
| &nbsp;&nbsp;Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust |  |
| &nbsp;&nbsp;**SCHEDULE OF INVESTMENTS *(Unaudited)* continued** | &nbsp;&nbsp;August 31, 2025 |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: | Transactions during the period ended August 31, 2025, in which the company is an affiliated issuer, were as follows: |
| **Security Name** | **Value 05/31/25** | **Additions** | **Reductions** | **Realized**<br> **Gain**<br> **(Loss)** | **Change in Unrealized Appreciation (Depreciation)** | **Value 08/31/25** | **Shares 08/31/25** | **Investment Income** |
| **Common Stocks** |  |  |  |  |  |  |  |  |
| Accuride Corp.<sup>\*</sup> | $40 | $– | $– | $– | $– | $40 | 403435 | $– |
| Accuride Liquidating Trust<sup>\*</sup> |  |  |  |  |  |  | 25 |  |
| BP Holdco LLC<sup>\*</sup> | 12768 |  |  |  |  | 12768 | 15619 |  |
| **Senior Floating Rate Interests** |  |  |  |  |  |  |  |  |
| Accuride Corp. 8.81% (3 Month Term SOFR + 1.50%, Rate Floor: 1.50%) (in-kind rate was 3.00%) due 03/07/30<sup>◊,1</sup> | 552150 | 2562 | – | – | (5130) | 549582 | 292420 | 6799 |
|  | $564958 | $2562 | $– | $– | $(5130) | $562390 |  | $6799 |

---

\* Non-income producing security.

*◊* Variable rate
 security. Rate indicated is the rate effective at August 31, 2025. In some instances, the effective rate is limited by a minimum
 rate floor or a maximum rate cap established by the issuer. The settlement status of a position may also impact the effective rate
 indicated. In some cases, a position may be unsettled at period end and may not have a stated effective rate. In instances where
 multiple underlying reference rates and spread amounts are shown, the effective rate is based on a weighted average.

<sup>1</sup> Payment-in-kind security.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

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**Note 1 – Organization and Significant Accounting Policies**

**Organization**

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (the "Trust") was organized as a Delaware statutory trust on June 30, 2010. The Trust is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act").

The Trust's primary investment objective is to provide current income with a secondary objective of long-term capital appreciation. There can be no assurance that the Trust will achieve its investment objectives. The Trust's investment objectives are considered fundamental and may not be changed without shareholder approval.

For information on the Trust's other significant accounting policies, please refer to the Trust's most recent semi-annual or annual shareholder report.

**Significant Accounting Policies**

The Trust operates as an investment company and, accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 Financial Services – Investment Companies.

The following significant accounting policies are in conformity with U.S. generally accepted accounting principles ("U.S. GAAP") and are consistently followed by the Trust. This requires management to make estimates and assumptions that affect the reported amount of assets and liabilities, contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. All time references are based on Eastern Time.

**(a) Valuation of Investments** 

The Board of Trustees of the Trust (the "Board") has adopted policies and procedures for the valuation of the Trust's investments (the "Trust Valuation Procedures").

Pursuant to Rule 2a-5 under the 1940 Act, the Board designated Guggenheim Funds Investment Advisors, LLC ("GFIA" or the "Adviser") as the valuation designee to perform fair valuation determinations for the Trust with respect to all Trust investments and/or other assets. As the Trust's valuation designee pursuant to Rule 2a-5, the Adviser has adopted separate procedures (the "Valuation Designee Procedures" and together with the Trust Valuation Procedures, the "Valuation Procedures") reasonably designed to prevent violations of the requirements of Rule 2a-5 and Rule 31a-4 under the 1940 Act. The Adviser, in its role as valuation designee, utilizes the assistance of a valuation committee, consisting of representatives from Guggenheim's investment management, fund administration, legal and compliance departments (the "Valuation Committee"), in determining the fair value of the Trust's securities and/or other assets. The Valuation Procedures may be amended and potentially adversely affected as the Trust seeks to comply with regulations that apply to the valuation practices of registered investment companies.

Valuations of the Trust's securities and other assets are supplied primarily by independent third-party pricing services pursuant to the processes set forth in the Valuation Procedures. The Adviser, with the assistance of the Valuation Committee, convenes monthly, or more frequently as needed, to review the valuation of all assets which have been fair valued. The Adviser, consistent with the monitoring and review responsibilities set forth in the Valuation Procedures, regularly reviews the appropriateness of the inputs, methods, models and assumptions employed by the independent third-party pricing services.

If the independent third-party pricing service cannot or does not provide a valuation for a particular investment or such valuation is deemed unreliable, such investment is fair valued by the Adviser.

In general, portfolio securities and assets of the Trust will be valued on the basis of readily available market quotations at their current market value. With respect to portfolio securities and assets of the Trust for which market quotations are not readily available, or deemed unreliable by the Adviser, the Trust will fair value those securities and assets in good faith in accordance with the Valuation Procedures. Valuations in accordance with these methods are intended to reflect each security's (or asset's or liability's) "fair value." Fair value represents a good faith approximation of the value of a security. Fair value determinations may be based on limited inputs and involve the consideration of a number of subjective factors, an analysis of applicable facts and circumstances, and the exercise of judgment. Each such determination is based on a consideration of all relevant factors, which are likely to vary from one pricing context to another. Examples of such factors may include, but are not limited to: market prices; sale prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics, or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information analysis. As a result, it is possible that the fair value for a security determined in good faith in accordance with the Valuation Procedures may differ from valuations for the same security determined by other funds using their own valuation procedures. Although the Valuation Procedures are designed to value a portfolio security or asset at the price the Trust may reasonably expect to receive upon its sale in an orderly transaction, there can be no assurance that any fair value determination thereunder would, in fact, approximate the amount that the Trust could reasonably expect to receive upon the sale of the portfolio security or asset.

Equity securities listed or traded on a recognized U.S. securities exchange or the Nasdaq Stock Market ("NASDAQ") will generally be valued on the basis of the last sale price on the primary U.S. exchange or market on which the security is listed or traded; provided, however, that securities listed on NASDAQ will be valued at the NASDAQ official closing price, which may not necessarily represent the last sale price.

Open-end investment companies are valued at their net asset value ("NAV") as of the close of the New York Stock Exchange ("NYSE"), on the valuation date. Exchange-traded funds and closed-end investment companies are generally valued at the last quoted sale price.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

Generally, trading in foreign securities markets is substantially completed each day at various times prior to the close of the NYSE. The values of foreign securities are determined as of the close of such foreign markets or the close of the NYSE, if earlier. All investments quoted in foreign currencies are valued in U.S. dollars on the basis of the foreign currency exchange rates prevailing at the close of U.S. business at 4:00 p.m E.T. Investments in foreign securities may involve risks not present in domestic investments. The Adviser will determine the current value of such foreign securities by taking into consideration certain factors which may include those discussed above, as well as the following factors, among others: the value of the securities traded on other foreign markets, American Depositary Receipts ("ADRs") trading, closed-end fund trading, foreign currency exchange activity, and the trading prices of financial products that are tied to foreign securities. In addition, under the Valuation Procedures, the Adviser is authorized to use prices and other information supplied by an independent third-party pricing vendor in valuing foreign securities.

Commercial paper and discount notes with a maturity of greater than 60 days at acquisition are valued at prices that reflect broker-dealer supplied valuations or are obtained from independent third-party pricing services, which may consider the trade activity, treasury spreads, yields or price of bonds of comparable quality, coupon, maturity, and type, as well as prices quoted by dealers who make markets in such securities. Commercial paper and discount notes with a maturity of 60 days or less at acquisition are valued at amortized cost, unless the Adviser concludes that amortized cost does not represent the fair value of the applicable asset in which case it will be valued using an independent third-party pricing service.

U.S. Government securities are valued by independent third-party pricing services, using the last traded fill price, or at the reported bid price at the close of business on the valuation date.

CLOs, CDOs, MBS, ABS, and other structured finance securities are generally valued using an independent third-party pricing service.

Typically, loans are valued using information provided by an independent third-party pricing service that uses broker quotes, among other inputs. If the independent third-party pricing service cannot or does not provide a valuation for a particular loan, or such valuation is deemed unreliable, such investment is valued based on a quote from a broker-dealer or is fair valued by the Adviser. As the Trust may invest in loans and asset-backed securities as part of its investment strategies, it may have a significant amount of these instruments fair valued by the Adviser.

Repurchase agreements are generally valued at amortized cost, provided such amounts approximate market value.

Interest rate swap agreements entered into by the Trust are valued on the basis of the last sale price on the primary exchange on which the swap is traded. Other swap agreements entered into by the Trust are generally valued using an evaluated price provided by an independent third-party pricing service.

Forward foreign currency exchange contracts are valued daily based on the applicable exchange rate of the underlying currency.

The Trust may also fair value securities and assets when a significant event is deemed to have occurred after the time of a market quotation including for securities and assets traded on foreign markets and securities and assets for which market quotations are provided by independent third-party pricing services as of a time that is prior to the time when the Trust determines its NAV. There can be no assurance in each case that significant events will be identified.

Valuations of the Trust's securities and other assets are supplied primarily by independent third-party pricing services pursuant to the processes set forth in the Valuation Designee Procedures. Valuations provided by the independent third-party pricing services are generally based on methods designed to approximate the amount that the Trust could reasonably expect to receive upon the sale of the portfolio security or asset. When providing valuations to the Trust, independent third-party pricing services use various inputs, methods, models and assumptions, which may include information provided by broker-dealers and other market makers. Independent third-party pricing services face the same challenges as the Trust in valuing securities and assets and may rely on limited available information. If the independent third-party pricing service cannot or does not provide a valuation for a particular investment, or such valuation is deemed unreliable, such investment is fair valued by the Adviser. The Trust may also use third-party service providers to model certain securities to determine fair market value. While the Trust's use of fair valuation is intended to result in calculation of NAV that fairly reflects values of the Trust's portfolio securities as of the time of pricing, the Trust cannot guarantee that any fair valuation will, in fact, approximate the amount the Trust would actually realize upon the sale of the securities in question.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

Quotes from broker-dealers (i.e., prices provided by a broker-dealer or other market participant, which may or may not be committed to trade at that price), adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Trust's assets. Quotes from broker-dealers and vendor prices based on broker quotes can vary in terms of depth (e.g., provided by a single broker-dealer) and frequency (e.g., provided on a daily, weekly, or monthly basis, or any other regular or irregular interval). Although quotes from broker-dealers and vendor prices based on broker quotes are typically received from established market participants, the Trust may not have the transparency to view the underlying inputs which support such quotes. Significant changes in a quote from a broker-dealer would generally result in significant changes in the fair value of the security.

The Trust may acquire an interest in a special purpose acquisition company ("SPAC") in an initial public offering or a secondary market transaction. SPAC investments carry many of the same risks as investments in initial public offering securities, such as erratic price movements, greater risk of loss, lack of information about the issuer, limited operating and little public or no trading history, and higher transaction costs. An investment in a SPAC is typically subject to a higher risk of dilution by additional later offerings of interests in the SPAC or by other investors exercising existing rights to purchase shares of the SPAC and interests in SPACs may be illiquid and/or be subject to restrictions on resale. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring the equity securities of one or more existing companies (or interests therein) via merger, combination, acquisition or other similar transactions. Unless and until an acquisition is completed, a SPAC generally invests its assets (less a portion retained to cover expenses) in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. SPAC investments are also subject to the risk that a significant portion of the funds raised by the SPAC may be expended during the search for a target acquisition or merger and that the SPAC may have limited time in which to conduct due diligence on potential business combination targets. Because SPACs are in essence blank check companies without operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity's management to identify and complete a profitable acquisition. Among other conflicts of interest, the economic interests of the management, directors, officers and related parties of a SPAC can differ from the economic interests of public shareholders, which may lead to conflicts as they evaluate, negotiate and recommend business combination transactions to shareholders. This risk may become more acute as the deadline for the completion of a business combination nears. There is no guarantee that the SPACs in which the Trust invests will complete an acquisition or that any acquisitions that are completed will be profitable.

**Note 2 – Financial Instruments and Derivatives**

As part of its investment strategy, the Trust utilizes a variety of derivative instruments. These investments involve, to varying degrees, elements of market risk. Valuation and accounting treatment of these instruments can be found under Significant Accounting Policies in Note 1 of these Notes to Schedule of Investments.

Derivatives are instruments whose values depend on, or are derived from, in whole or in part, the value of one or more other assets, such as securities, currencies, commodities or indices. Derivative instruments may be used for investment purposes (including to maintain cash reserves while maintaining exposure to certain other assets), for risk management (hedging) purposes for diversification purposes, to change the duration of the Trust, for leverage purposes, to facilitate trading, to reduce transaction costs and to pursue higher investment returns. Derivative instruments may also be used to seek to mitigate certain investment risks, such as foreign currency exchange rate risk, interest rate risk and credit risk. U.S. GAAP requires disclosures to enable investors to better understand how and why the Trust uses derivative instruments, how these derivative instruments are accounted for and their effects on the Trust's financial position and results of operations.

The Trust utilized derivatives for the following purposes:

**Duration:** the use of an instrument to manage the interest rate risk of a portfolio.

**Hedge:** an investment made in order to reduce the risk of adverse price movements in a security, by taking an offsetting position to protect against broad market moves.

To the extent the Trust's investment strategy consistently involves applying leverage, the value of the Trust's shares will tend to increase or decrease more than the value of any increase or decrease in the underlying index or other asset. In addition, because an investment in derivative instruments generally requires a small investment relative to the amount of investment exposure assumed, an opportunity for increased net income is created; but, at the same time, leverage risk will increase. The Trust's use of leverage, through borrowings or instruments such as derivatives, may cause an investment in the Trust to be more volatile and riskier than if the Trust had not been leveraged.

**Swap Agreements**

A swap is an agreement that obligates two parties to exchange a series of cash flows at specified intervals based upon or calculated by reference to changes in specified prices or rates for a specified amount of an underlying asset. When utilizing OTC swaps, the Trust bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty or if the underlying asset declines in value.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

Certain standardized swaps are subject to mandatory central clearing and are executed on a multi-lateral or other trade facility platform, such as a registered exchange. There is limited counterparty credit risk with respect to centrally-cleared swaps as the transaction is facilitated through a central clearinghouse, much like exchange-traded futures contracts. If the Trust utilizes centrally-cleared swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. There is no guarantee that the Trust or an underlying fund could eliminate its exposure under an outstanding swap agreement by entering into an offsetting swap agreement with the same or another party.

Credit default swaps are instruments which allow for the full or partial transfer of third-party credit risk, with respect to a particular entity or entities, from one counterparty to the other. The Trust enters into credit default swaps as a "seller" or "buyer" of protection primarily to gain or reduce exposure to the investment grade and/or high yield bond market. A seller of credit default swaps is selling credit protection or assuming credit risk with respect to the underlying entity or entities. The buyer in a credit default swap is obligated to pay the seller a periodic stream of payments over the term of the contract provided that no event of default on an underlying reference obligation has occurred. If a credit event occurs, as defined under the terms of the swap agreement, the seller will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced index or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced index. The notional amount reflects the maximum potential amount the seller of credit protection could be required to pay to the buyer if a credit event occurs. The seller of protection receives periodic premium payments from the buyer and may also receive or pay an upfront premium adjustment to the stated periodic payments. In the event a credit default occurs on a credit swap referencing an index, a factor adjustment will take place and the buyer of protection will receive a payment reflecting the par less the default recovery rate of the defaulted index component based on its weighting in the index. If no default occurs, the counterparty will pay the stream of payments and have no further obligations to the Trust selling the credit protection. If the Trust utilizes centrally cleared credit default swaps, the exchange bears the risk of loss resulting from a counterparty not being able to pay. For OTC credit default swaps, the Trust bears the risk of loss of the amount expected to be received under a swap agreement in the event of the default or bankruptcy of a swap agreement counterparty, or in the case of a credit default swap in which the Trust is selling credit protection, the default of a third-party issuer.

The quoted market prices and resulting market values for credit default swap agreements on securities and credit indices serve as an indicator of the current status of the payment/performance risk and represent the likelihood of an expected liability (or profit) for the credit derivative had the notional amount of the swap agreement been closed/sold as of the period end. Increasing market values, in absolute terms when compared to the notional amount of the swap, represent a deterioration of the referenced entity's credit soundness and a greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.

**Forward Foreign Currency Exchange Contracts**

A forward foreign currency exchange contract is an agreement between two parties to exchange two designated currencies at a specific time in the future. Certain types of contracts may be cash settled, in an amount equal to the change in exchange rates during the term of the contract. The contracts can be used to hedge or manage exposure to foreign currency risks with portfolio investments or to gain exposure to foreign currencies.

The market value of a forward foreign currency exchange contract changes with fluctuations in foreign currency exchange rates. Furthermore, the Trust may be exposed to risk if the counterparties cannot meet the contract terms or if the currency value changes unfavorably as compared to the U.S. dollar.

In conjunction with the use of derivative instruments, the Trust is required to maintain collateral in various forms. Depending on the financial instrument utilized and the broker involved, the Trust uses margin deposits at the broker, cash and/or securities segregated at the custodian bank, discount notes or repurchase agreements allocated to the Trust as collateral.

The Trust has established counterparty credit guidelines and enters into transactions only with financial institutions rated/identified as investment grade or better. The Trust monitors the counterparty credit risk associated with each such financial institution.

**Foreign Investments**

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

There are several risks associated with exposure to foreign currencies, foreign issuers and emerging markets. The Trust's indirect and direct exposure to foreign currencies subjects the Trust to the risk that those currencies will decline in value relative to the U.S. dollar, or in the case of short positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Trust may incur transaction costs in connection with conversions between various currencies. The Trust may, but is not obligated to, engage in currency hedging transactions, which generally involve buying currency forward, options or futures contracts. However, not all currency risks may be effectively hedged, and in some cases the costs of hedging techniques may outweigh expected benefits. In such instances, the value of securities denominated in foreign currencies can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar.

The Trust may invest in securities of foreign companies directly, or in financial instruments, such as ADRs and exchange-traded funds, which are indirectly linked to the performance of foreign issuers. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Investing in securities of foreign companies directly, or in financial instruments that are indirectly linked to the performance of foreign issuers, may involve risks not typically associated with investing in U.S. issuers. The value of securities denominated in foreign currencies, and of dividends from such securities, can change significantly when foreign currencies strengthen or weaken relative to the U.S. dollar. Foreign securities markets generally have less trading volume and less liquidity than U.S. markets, and prices in some foreign markets may fluctuate more than those of securities traded on U.S. markets. Many foreign countries lack accounting and disclosure standards comparable to those that apply to U.S. companies, and it may be more difficult to obtain reliable information regarding a foreign issuer's financial condition and operations. Transaction costs and costs associated with custody services are generally higher for foreign securities than they are for U.S. securities. Some foreign governments levy withholding taxes against dividend and interest income. Although in some countries portions of these taxes are recoverable, the non-recovered portion will reduce the income received by the Trust.

**Reverse Repurchase Agreements**

The Trust may enter into reverse repurchase agreements as part of its financial leverage strategy. Under a reverse repurchase agreement, the Trust temporarily transfers possession of a portfolio instrument to another party, such as a bank or broker-dealer, in return for cash. At the same time, the Trust agrees to repurchase the instrument at an agreed upon time and price, which reflects an interest payment. Such agreements have the economic effect of borrowings. The Trust may enter into such agreements when it is able to invest the cash acquired at a rate higher than the cost of the agreement, which would increase earned income. When the Trust enters into a reverse repurchase agreement, any fluctuations in the market value of either the instruments transferred to another party or the instruments in which the proceeds may be invested would affect the market value of the Trust's assets. As a result, such transactions may increase fluctuations in the market value of the Trust's assets.

**Note 3 – Fair Value Measurement** 

In accordance with U.S. GAAP, fair value is defined as the price that the Trust would receive to sell an investment or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a three-tier fair value hierarchy based on the types of inputs used to value assets and liabilities and requires corresponding disclosure. The hierarchy and the corresponding inputs are summarized below:

Level 1 — unadjusted quoted prices in active markets for identical assets or liabilities.

Level 2 — significant other observable inputs (for example quoted prices for securities that are similar based on characteristics such as interest rates, prepayment speeds, credit risk, etc.).

Level 3 — significant unobservable inputs based on the best information available under the circumstances, to the extent observable inputs are not available, which may include assumptions.

Rule 2a-5 sets forth a definition of "readily available market quotations," which is consistent with the definition of a Level 1 input under U.S. GAAP. Rule 2a-5 provides that "a market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Trust can access at the measurement date, provided that a quotation will not be readily available if it is not reliable."

Securities for which market quotations are not readily available must be valued at fair value as determined in good faith. Accordingly, any security priced using inputs other than Level 1 inputs will be subject to fair value requirements. The types of inputs available depend on a variety of factors, such as the type of security and the characteristics of the markets in which it trades, if any. Fair valuation determinations that rely on fewer or no observable inputs require greater judgment. Accordingly, fair value determinations for Level 3 securities require the greatest amount of judgment.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

Independent third-party pricing services are used to value a majority of the Trust's investments. When values are not available from an independent third-party pricing service, they will be determined using a variety of sources and techniques, including: market prices; broker quotes; and models which derive prices based on inputs such as prices of securities with comparable maturities and characteristics or based on inputs such as anticipated cash flows or collateral, spread over U.S. Treasury securities, and other information and analysis. A significant portion of the Trust's assets and liabilities are categorized as Level 2, as indicated in this report.<br>Quotes from broker-dealers (i.e., prices provided by a broker-dealer or other market participant, which may or may not be committed to trade at that price), adjusted for fluctuations in criteria such as credit spreads and interest rates, may also be used to value the Trust's assets. Quotes from broker-dealers and vendor prices based on broker quotes can vary in terms of depth (e.g., provided by a single broker-dealer) and frequency (e.g., provided on a daily, weekly, or monthly basis, or any other regular or irregular interval). Although quotes from broker-dealers and vendor prices based on broker quotes are typically received from established market participants, the Trust may not have the transparency to view the underlying inputs which support such quotes. Significant changes in a quote from a broker-dealer would generally result in significant changes in the fair value of the security.<br>Certain fixed income securities are valued by obtaining a monthly quote from a broker-dealer, adjusted for fluctuations in criteria such as credit spreads and interest rates.<br>Certain loans and other securities are valued using a single daily broker quote or a price from an independent third-party pricing service based on a single daily or monthly broker quote.

The inputs or methodologies selected and applied for valuing securities or other assets are not necessarily an indication of the risk associated with investing in those securities. The suitability, appropriateness and accuracy of the techniques, methodologies and sources employed to determine fair valuation are periodically reviewed and subject to change.

**Note 4 – Federal Income Tax Information**

The Trust intends to comply with the provisions of Subchapter M of the Internal Revenue Code of 1986, as amended (the "Internal Revenue Code"), applicable to regulated investment companies and will distribute substantially all taxable net investment income and capital gains sufficient to relieve the Trust from all, or substantially all, federal income, excise and state income taxes. Therefore, no provision for federal or state income tax or federal excise tax is required.

Tax positions taken or expected to be taken in the course of preparing the Trust's tax returns are evaluated to determine whether the tax positions are "more-likely-than-not" of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year. Management has analyzed the Trust's tax positions taken, or to be taken, on U.S. federal income tax returns for all open tax years, and has concluded that no provision for income tax is required in the Trust's financial statements. The Trust's U.S. federal income tax returns are subject to examination by the Internal Revenue Service ("IRS") for a period of three years after they are filed.

If the Trust makes a distribution to its shareholders in excess of its current and accumulated "earnings and profits" in any taxable year, the excess distribution will be treated as a return of capital to the extent of each shareholder's basis (for tax purposes) in its shares, and any distribution in excess of basis will be treated as capital gain. A return of capital is not taxable, but it reduces the shareholder's basis in its shares, which reduces the loss (or increases the gain) on a subsequent taxable disposition by such shareholder of the shares.

At August 31, 2025, the cost of investments for U.S. federal income tax purposes, the aggregate gross unrealized appreciation for all investments for which there was an excess of value over tax cost, and the aggregate gross unrealized depreciation for all investments for which there was an excess of tax cost over value, were as follows:

---

| | | | |
|:---|:---|:---|:---|
| **Tax Cost** | **Tax Unrealized<br> Appreciation**  | **Tax Unrealized<br> Depreciation**  | **Net Tax Unrealized<br> Appreciation (Depreciation)**  |
| $603881318 | $15407818 | $(38374114) | $(22966296) |

---

**Note 5 – Unfunded Loan Commitments**

Pursuant to the terms of certain loan agreements, the Trust held unfunded loan commitments as of August 31, 2025. The Trust is obligated to fund these loan commitments at the borrower's discretion.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**NOTES TO SCHEDULE OF INVESTMENTS *(Unaudited) continued*** | &nbsp;&nbsp;August 31, 2025 |

---

The unfunded loan commitments as of August 31, 2025, were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Maturity Date** | | **Face Amount\*** | **Value** |
| Cliffwater LLC | 03/19/32 |  | 30000 | $– |
| Datix Bidco Ltd. | 04/25/31 |  | 250500 | 11442 |
| GrafTech Finance, Inc. | 11/04/29 |  | 180602 |  |
| Integrated Power Services Holdings, Inc. | 11/22/28 |  | 104887 | 242 |
| MB2 Dental Solutions LLC | 02/13/31 |  | 238352 | 4514 |
| Polaris Newco LLC | 06/04/26 |  | 1342107 | 25633 |
| TK Elevator Midco GmbH | 01/29/27 | EUR | 1000000 | – |
|  |  |  |  | $41831 |

---

\* The face amount is denominated in U.S. dollars unless otherwise indicated.

EUR - Euro

**Note 6 – Restricted Securities**

The securities below are considered illiquid and restricted under guidelines established by the Board:

---

| | | | |
|:---|:---|:---|:---|
| **Restricted Securities** | **Acquisition Date** | **Cost** | **Value** |
| Central Storage Safety Project Trust |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.82% due 02/01/38 | 02/02/18 | $6206401 | $5838121 |
| Finance Co I SARL / Endo US, Inc.\* |  |  |  |
|  | 04/23/24 | 2090 | 35 |
| Mirabela Nickel Ltd. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; due 06/24/19<sup>1</sup> | 12/31/13 | 87217 | 241 |
|  |  | $6295708 | $5838397 |

---

\* Non-income producing security.

<sup>1</sup> Security is in default of interest and/or principal obligations.

**Note 7 – Market Risks**

The value of, or income generated by, the investments held by the Trust are subject to the possibility of rapid and unpredictable fluctuation, and loss that may result from various factors. These factors include, among others, developments affecting (or perceived to affect) individual companies, or issuers or particular industries, or from broader influences, including real or perceived changes in prevailing interest rates (which may change at any time based on changes in monetary policies and various market and other economic conditions), changes in inflation rates or expectations about inflation rates, deflation, adverse investor confidence or sentiment, general outlook for corporate earnings, changing economic, political (including geopolitical), social or financial market conditions, bank failures, increased instability or general uncertainty, extreme weather, environmental or man-made disasters, or geological events, governmental actions, actual or threatened imposition of tariffs (which may be imposed by U.S. and foreign governments) and trade disruptions, public health emergencies (such as the spread of infectious diseases, pandemics and epidemics), debt crises, terrorism, actual or threatened wars or other armed conflicts (such as the conflict in the Middle East and the ongoing Russia-Ukraine conflict and its collateral economic and other effects, including, but not limited to, sanctions and other international trade barriers) or ratings downgrades, and other similar events, each of which may be temporary or last for extended periods. Different sectors, industries and security types may react differently to such developments. Moreover, changing economic, political, geopolitical, social, financial market or other conditions in one country, geographic region or industry could adversely affect the value, yield and return of the investments held by the Trust in a different country, geographic region, economy, industry or market because of the increasingly interconnected global economies and financial markets. The duration and extent of the foregoing types of factors or conditions are highly uncertain and difficult to predict and have in the past, and may in the future, cause volatility and distress in economies and financial markets or other adverse circumstances, which may negatively affect the value of the Trust's investments and performance of the Trust.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**OTHER INFORMATION *(Unaudited)*** | &nbsp;&nbsp;August 31, 2025 |

---

**Sector Classification**

Information in the "Schedule of Investments" is categorized by sectors using sector-level classifications used by Bloomberg Industry Classification System, a widely recognized industry classification system provider. In the Trust's registration statement, the Trust has investment policies relating to concentration in specific industries. For purposes of these investment policies, the Trust usually classifies industries based on industry-level classifications used by widely recognized industry classification system providers such as Bloomberg Industry Classification System, Global Industry Classification Standards and Barclays Global Classification Scheme.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

- **b. Investment Company Act file number:** 811-22437

- **c. CIK number of Registrant:** 0001495825

- **d. LEI of Registrant:** O7RPTBV08XOX3ZU53L78

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

  - **Street Address 1:** 227 West Monroe Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-827-0100

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

- **a. Name of Series:** Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

- **c. LEI of Series:** O7RPTBV08XOX3ZU53L78

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

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

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $592714029.72

**Total Liabilities:** $185844462.80

**Net Assets:** $406869566.92

**Delayed Delivery Securities:** $10712724.22

**Cash Not Reported:** $157377.07

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4125.64401920 | **1-Year:** 18142.58148140 | **5-Year:** 60601.57621510 | **10-Year:** 150896.46861550 | **30-Year:** 115291.23620750

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

- **3-Month:** 1599.89347520 | **1-Year:** 5673.06241720 | **5-Year:** 12579.64186640 | **10-Year:** 8595.41190720 | **30-Year:** 5496.82062980

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.28%                | 0.12%                | 1.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-500182.60              | $7851125.47                                |
| Month 2  | $-5856000.03             | $4117100.17                                |
| Month 3  | $101956.49               | $3311428.01                                |

**Designated Index Information**

- **Index Name:** Portfolio (ExDerivative)

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LGENERGYSOLUTION                                   | LG Energy Solution Ltd.                                                                              | CUSIP: 50205MAG4<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    800000 | PA      | $818740.77    | 0.20%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -4135193 | PA      | $-4135193.05  | -1.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Altde Trust                                        | ALTDE Trust                                                                                          | CUSIP: 00166NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386954 | PA      | $396748.08    | 0.10%             | 2050-08-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST UNIV                                 | Washington State University, Housing and Dining System Revenue Bonds, Taxable Build America Bonds    | CUSIP: 9400932M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3586387.23   | 0.88%             | 2032-04-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                            | American National Group, Inc.                                                                        | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    450000 | PA      | $454906.15    | 0.11%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HV EIGHT LLC                                       | HV Eight LLC                                                                                         | CUSIP: N/A<br>LEI: 54930017K50RHBRFUJ56       | Long             | ABS-O            | CORP              | US        |   1404170 | PA      | $1639447.43   | 0.40%             | 2027-12-31      | Variable      | 5.48%                 | No            |                  3 | On Loan: No      |
| Capital Automotive Reit                            | CARS-DB4, LP                                                                                         | CUSIP: 12510HAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $454873.05    | 0.11%             | 2050-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| STOLTHAVEN HOUSTON INC                             | Stolthaven Houston, Inc.                                                                             | CUSIP: N/A<br>LEI: 549300HOCLTLXOR6FB90       | Long             | DBT              | CORP              | US        |    392000 | PA      | $395069.36    | 0.10%             | 2034-07-17      | Fixed         | 5.98%                 | No            |                  3 | On Loan: No      |
| CSC HOLDINGS LLC                                   | CSC Holdings LLC                                                                                     | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249854.02    | 0.06%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| SAN JOSE CA ARPT REVENUE                           | Norman Y Mineta San Jose International Airport SJC Revenue Bonds                                     | CUSIP: 798136YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $195880.88    | 0.05%             | 2040-03-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX RENTAL CAR SPL FAC R                     | City of Austin Texas Rental Car Special Facility Revenue Bonds                                       | CUSIP: 052451BH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1624030.32   | 0.40%             | 2042-11-15      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                           | Eagle Funding Luxco Sarl                                                                             | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |    500000 | PA      | $507050.00    | 0.12%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FS Rialto Issuer Ltd                               | FS Rialto Issuer LLC                                                                                 | CUSIP: 30338WAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $598672.08    | 0.15%             | 2039-10-19      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| BLAZING STAR BOOTS SUPERCO JERSEY LTD              | Boots Group Bidco Ltd.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1002080.00   | 0.25%             | 2032-08-30      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| DETROIT MI CITY SCH DIST                           | Detroit City School District General Obligation Unlimited                                            | CUSIP: 2511295D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2770980.24   | 0.68%             | 2039-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO                              | VFH Parent LLC / Valor Company-Issuer, Inc.                                                          | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $419867.20    | 0.10%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                      | GoldenTree Loan Management US CLO 1 Ltd.                                                             | CUSIP: 38138JAW3<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-O            | CORP              | KY        |    800000 | PA      | $804810.48    | 0.20%             | 2037-04-20      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                     | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAK4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   9037295 | PA      | $515516.22    | 0.13%             | 2052-10-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| LONESTAR INTERMEDIATE SUPER HOLDINGS LLC           | Asurion LLC                                                                                          | CUSIP: N/A<br>LEI: 549300KNQVXGIOXWK278       | Long             | LON              | CORP              | US        |    800000 | PA      | $790400.00    | 0.19%             | 2030-09-19      | Variable      | 8.57%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                             | Venture Global LNG, Inc.                                                                             | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    750000 | PA      | $816659.25    | 0.20%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                           | Fortitude Group Holdings LLC                                                                         | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259759.80    | 0.06%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CVR ENERGY INC                                     | CVR Energy, Inc.                                                                                     | CUSIP: 12662PAD0<br>LEI: 529900SOYZIXZBTXB558 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121807.46    | 0.03%             | 2028-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                           | Encore Capital Group, Inc.                                                                           | CUSIP: 292554AR3<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    450000 | PA      | $475595.55    | 0.12%             | 2030-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co.                                                                                 | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   1000000 | NS      | $1027073.00   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD                           | Aspen Insurance Holdings Ltd.                                                                        | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |    125000 | PA      | $129772.67    | 0.03%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -738014 | PA      | $-738014.45   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| CAPSTONE ACQUISITION HOLDINGS INC                  | Capstone Acquisition Holdings, Inc.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    917846 | PA      | $913569.92    | 0.22%             | 2029-11-12      | Variable      | 8.92%                 | No            |                  3 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -868312 | PA      | $-868311.97   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| SANTA ANA CA UNIF SCH DIST                         | Santa Ana Unified School District, California, General Obligation Bonds, Federal Taxable Build Ameri | CUSIP: 801155VM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7785000 | PA      | $8764341.32   | 2.15%             | 2040-08-01      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| GrafTech Finance, Inc.                             | GrafTech Finance, Inc.                                                                               | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -180602 | PA      | $0.00         | 0.00%             | 2029-11-04      | Variable      | 3.75%                 | No            |                  3 | On Loan: No      |
| Woodward Capital Management                        | RCKT Mortgage Trust 2025-CES8                                                                        | CUSIP: 74939WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1005580.00   | 0.25%             | 2055-08-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -925046 | PA      | $-925046.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| CHILDREN'S HOSPITAL CORP                           | Children's Hospital Corp.                                                                            | CUSIP: 16876BAA0<br>LEI: 549300NXFO6BISJLOS32 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $6526678.24   | 1.60%             | 2047-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                   | Black Hills Corp.                                                                                    | CUSIP: 092113AV1<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207955.48    | 0.05%             | 2028-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                    | OHA Credit Partners VII Ltd.                                                                         | CUSIP: 67102UAK5<br>LEI: 549300LXLBAFTIMXZT54 | Long             | ABS-O            | CORP              | KY        |    300000 | PA      | $299336.04    | 0.07%             | 2038-02-20      | Floating      | 8.70%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                     | CURRENCY CONTRACT - Rec CAD / Deliver USD                                                            | CUSIP: N/A<br>LEI: E57ODZWZ7FF32TWEFA76       | N/A              | DFE              |  | US        |     20000 | NC      | $71.16        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FR REFUEL LLC                                      | FR Refuel LLC                                                                                        | CUSIP: N/A<br>LEI: 549300Y6GW0LGV84NW77       | Long             | LON              | CORP              | US        |   1260745 | PA      | $1248137.29   | 0.31%             | 2028-11-08      | Variable      | 9.18%                 | No            |                  2 | On Loan: No      |
| SITECORE HOLDING II A/S                            | Sitecore Holding III A/S                                                                             | CUSIP: N/A<br>LEI: 213800M9GGJ3GNKQOC39       | Long             | LON              | CORP              | DK        |    998065 | PA      | $991459.76    | 0.24%             | 2029-03-12      | Variable      | 5.80%                 | No            |                  3 | On Loan: No      |
| FIRST REPUBLIC BANK                                | First Republic Bank                                                                                  | CUSIP: 33616C746<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     31650 | NS      | $3.17         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HAH GROUP HOLDING COMPANY LLC                      | HAH Group Holding Co. LLC                                                                            | CUSIP: N/A<br>LEI: 254900FFJQHW9R90FL74       | Long             | LON              | CORP              | US        |    880221 | PA      | $787067.50    | 0.19%             | 2031-09-24      | Variable      | 9.32%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                           | Greensaif Pipelines Bidco SARL                                                                       | CUSIP: 39541EAC7<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $212740.88    | 0.05%             | 2042-02-23      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                                   | OWL Rock Clo XXII LLC                                                                                | CUSIP: 69121AAE6<br>LEI: 254900R8KCHZBP66MP06 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.25%             | 2037-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTRL WA UNIV SYS REVENUE                         | Central Washington University Revenue Bonds                                                          | CUSIP: 155839DL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5453341.00   | 1.34%             | 2040-05-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| OBSIDIAN ISSUER 2025-1 LLC                         | Obsidian Issuer LLC                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $850000.00    | 0.21%             | 2055-05-15      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES III                             | Dyal Capital Partners III (A), LP                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    560000 | PA      | $572331.20    | 0.14%             | 2044-06-15      | Fixed         | 6.55%                 | No            |                  3 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |   -366588 | PA      | $-366587.93   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE                     | Port Authority of New York & New Jersey Revenue Bonds                                                | CUSIP: 73358XDP4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $3526465.50   | 0.87%             | 2051-02-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                                   | Triton Container International Ltd.                                                                  | CUSIP: 89680YAC9<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    650000 | PA      | $577505.99    | 0.14%             | 2031-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                | Station Casinos LLC                                                                                  | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189254.76    | 0.05%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 16 Ltd                                 | Elmwood CLO 16 Ltd.                                                                                  | CUSIP: 29003DAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    100000 | PA      | $100189.67    | 0.02%             | 2037-04-20      | Floating      | 11.08%                | No            |                  2 | On Loan: No      |
| OBRA CAPITAL INC                                   | Obra Longevity                                                                                       | CUSIP: N/A<br>LEI: 2549001PDYPC4244EX25       | Long             | ABS-O            | CORP              | US        |   1950000 | PA      | $2071426.50   | 0.51%             | 2039-06-30      | Fixed         | 8.48%                 | No            |                  3 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN                     | Illinois Housing Development Authority Revenue Bonds                                                 | CUSIP: 45203MYF2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   1945000 | PA      | $1951146.59   | 0.48%             | 2049-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                            | Superior Plus Limited Partnership / Superior General Partner, Inc.                                   | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    250000 | PA      | $240207.25    | 0.06%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA CUSTOMER FAC CHARGE                     | City of Atlanta Georgia Airport Customer Facility Charge Revenue Bonds                               | CUSIP: 047773AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000622.40   | 0.98%             | 2044-07-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| GC TWO HOLDINGS INC                                | Aretec Group, Inc.                                                                                   | CUSIP: N/A<br>LEI: 549300NV2T8A33L0PQ58       | Long             | LON              | CORP              | US        |    845750 | PA      | $846130.59    | 0.21%             | 2030-08-09      | Variable      | 7.82%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        | -10669662 | PA      | $-10669662.43 | -2.62%            |  |  |  | No            |                  2 | On Loan: No      |
| PARTNERRE LTD                                      | PartnerRe Ltd.                                                                                       | CUSIP: EP0597732<br>LEI: 7LLHQS68KCIGNZBR7918 | Long             | EP               | CORP              | BM        |     46000 | NS      | $782000.00    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| HORACE MANN EDUCATORS CO                           | Horace Mann Educators Corp.                                                                          | CUSIP: 440327AL8<br>LEI: 254900G5YAV3A2YK8T32 | Long             | DBT              | CORP              | US        |    900000 | PA      | $967023.99    | 0.24%             | 2028-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -903465 | PA      | $-903464.99   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| MAPLE GROVE FUNDING TR I                           | Maple Grove Funding Trust I                                                                          | CUSIP: 565130AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1696013.40   | 0.42%             | 2051-08-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO VI Ltd.                                | Elmwood CLO VI Ltd.                                                                                  | CUSIP: 29001WAJ6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $247469.23    | 0.06%             | 2037-07-18      | Floating      | 10.23%                | No            |                  2 | On Loan: No      |
| PMH SPV - C LLC                                    | Project Onyx II                                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    285431 | PA      | $284654.70    | 0.07%             | 2027-01-26      | Variable      | 7.09%                 | No            |                  3 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -7034563 | PA      | $-7034563.13  | -1.73%            |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XL LLC                                                                         | CUSIP: 15675AAE9<br>LEI: 635400FRD1HEGKSHCI69 | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $754527.38    | 0.19%             | 2035-03-22      | Floating      | 8.72%                 | No            |                  2 | On Loan: No      |
| FOND DU LAC CNTY WI REVENUE                        | County of Fond Du Lac Wisconsin Revenue Bonds                                                        | CUSIP: 34446ACA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196369.04    | 0.05%             | 2054-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                           | Targa Resources Partners Limited Partnership / Targa Resources Partners Finance Corp.                | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996124.53    | 0.24%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                           | Greensaif Pipelines Bidco SARL                                                                       | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $309917.38    | 0.08%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION                     | Chicago, Illinois, Second Lien Wastewater Transmission Revenue Project Bonds, Taxable Build America  | CUSIP: 167727SW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5599157.91   | 1.38%             | 2040-01-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -866683 | PA      | $-866683.27   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK OT NATIONAL A                     | District of Columbia Revenue Bonds                                                                   | CUSIP: 94985XAF6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1333675.26   | 0.33%             | 2047-09-01      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -595664 | PA      | $-595663.71   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                             | Switch ABS Issuer LLC                                                                                | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $495069.70    | 0.12%             | 2055-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| TEXAS ST DEPT OF HSG & CMNTY A                     | Texas Department of Housing & Community Affairs Revenue Bonds                                        | CUSIP: 882750K84<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250135.83    | 0.06%             | 2045-07-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| INGENOVIS HEALTH INC                               | CCRR Parent, Inc.                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    635026 | PA      | $190507.77    | 0.05%             | 2028-03-06      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                     | California Statewide Communities Development Authority Revenue Bonds                                 | CUSIP: 13080SL93<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3483963.78   | 0.86%             | 2047-08-15      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| EL MONTE CA                                        | City of El Monte California Revenue Bonds                                                            | CUSIP: 283299AS4<br>LEI: 549300079T82S1QZWG33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780734.50    | 0.19%             | 2045-08-01      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| TOWD POINT REVOLVING TRUST TPRT_24-A               | Top Pressure Recovery Turbines                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |    442016 | PA      | $442016.11    | 0.11%             | 2069-11-01      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                             | AP Grange Holdings                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    300000 | PA      | $303000.00    | 0.07%             | 2045-03-20      | Fixed         | 5.00%                 | No            |                  3 | On Loan: No      |
| BELROSE FUNDING TRUST II                           | Belrose Funding Trust II                                                                             | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $673671.65    | 0.17%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -888385 | PA      | $-888385.33   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO OH CITY SCH DIST                           | Toronto City School District, Ohio, Qualified School Construction Bonds General Obligation Bonds     | CUSIP: 891279BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $561150.86    | 0.14%             | 2028-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                             | Global Atlantic Finance Co.                                                                          | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    260000 | PA      | $265569.96    | 0.07%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BLUE RIBBON LLC (USA)                              | Blue Ribbon LLC                                                                                      | CUSIP: N/A<br>LEI: 549300NQM7J4KC44D416       | Long             | LON              | CORP              | US        |    352669 | PA      | $350905.88    | 0.09%             | 2028-05-08      | Variable      | 6.14%                 | No            |                  3 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -534009 | PA      | $-534009.11   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| EISNER ADVISORY GROUP                              | Eisner Advisory Group                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    985069 | PA      | $990614.60    | 0.24%             | 2031-02-28      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                          | Sotheby's                                                                                            | CUSIP: 835898AH0<br>LEI: 549300P5BAAMQQ7VL735 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988992.80    | 0.24%             | 2027-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ILPEA PARENT INC                                   | ILPEA Parent, Inc.                                                                                   | CUSIP: N/A<br>LEI: 5493002IJGO6IOH86T22       | Long             | LON              | CORP              | US        |     97947 | PA      | $97641.67     | 0.02%             | 2028-06-22      | Variable      | 8.32%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                            | BDS 2025-FL15 LLC                                                                                    | CUSIP: 05556EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500216.80    | 0.12%             | 2043-03-19      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                            | Australia & New Zealand Banking Group Ltd.                                                           | CUSIP: 052528AM8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $178462.44    | 0.04%             | 2035-11-25      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |    864212 | PA      | $862840.00    | 0.21%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| ALTICE FRANCE SA                                   | Altice France S.A.                                                                                   | CUSIP: 02156LAH4<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    900000 | PA      | $771750.00    | 0.19%             | 2029-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNPP IP CLO LTD                                    | BNPP IP CLO Ltd.                                                                                     | CUSIP: 05580HAE9<br>LEI: 54930038CI4SMKCMEM78 | Long             | ABS-O            | CORP              | KY        |    225405 | PA      | $32458.30     | 0.01%             | 2025-10-30      | Floating      | 9.82%                 | No            |                  2 | On Loan: No      |
| NEVADA ST HSG DIV SF MTGE REVE                     | Nevada Housing Division Revenue Bonds                                                                | CUSIP: 641279XN9<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    250000 | PA      | $243794.73    | 0.06%             | 2049-10-01      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| PMH NEWCO LP                                       | Project Onyx I                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1030047 | PA      | $1029253.56   | 0.25%             | 2027-01-26      | Variable      | 7.09%                 | No            |                  3 | On Loan: No      |
| GCAT                                               | GCAT Trust                                                                                           | CUSIP: 36168WAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451318 | PA      | $449519.75    | 0.11%             | 2067-08-25      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                            | Jefferies Financial Group, Inc.                                                                      | CUSIP: 47233WEJ4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1055092.11   | 0.26%             | 2034-04-14      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                      | New Residential Mortgage Loan Trust                                                                  | CUSIP: 64832CAE3<br>LEI: 2138002D8CMDYG7QOU84 | Long             | ABS-MBS          | CORP              | US        |    521434 | PA      | $527565.60    | 0.13%             | 2065-05-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| MIDCAP FUNDING XLVI TRUST                          | MidCap Funding XLVI Trust                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    950000 | PA      | $950000.00    | 0.23%             | 2028-04-15      | Variable      | 6.85%                 | No            |                  3 | On Loan: No      |
| FORTUNE BRANDS INNOVATIO                           | Fortune Brands Innovations, Inc.                                                                     | CUSIP: 34964CAG1<br>LEI: 54930032LHW54PQUJD44 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1035627.50   | 0.25%             | 2052-03-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                | CDW LLC / CDW Finance Corp.                                                                          | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $744685.44    | 0.18%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLIV LLC                                                                       | CUSIP: 15674DAE4<br>LEI: 6354005DPIRML7EMPA20 | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1416217.32   | 0.35%             | 2036-01-15      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| PLACENTIA-YORBA LINDA CA UNIF                      | Placentia-Yorba Linda Unified School District (Orange County, California), General Obligation Bonds, | CUSIP: 725894KL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005137.70   | 0.25%             | 2026-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                              | Reynolds American, Inc.                                                                              | CUSIP: 761713BA3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1080628.08   | 0.27%             | 2035-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -1685217 | PA      | $-1685217.25  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| ALHAMBRA CA UNIF SCH DIST ELEM                     | Alhambra Unified School District General Obligation Unlimited                                        | CUSIP: 016066BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505490.45    | 0.12%             | 2026-02-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                      | Boeing Co.                                                                                           | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $246733.56    | 0.06%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                                      | Parkland Corp.                                                                                       | CUSIP: 70137WAL2<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $290383.38    | 0.07%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                    | CVS Health Corp.                                                                                     | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    400000 | PA      | $416443.20    | 0.10%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                               | Blue Owl Finance LLC                                                                                 | CUSIP: 09581JAS5<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2046859.00   | 0.50%             | 2032-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -728700 | PA      | $-728700.12   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -748690 | PA      | $-748690.34   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1000000 | NS      | $1049735.00   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Pershing Square Tontine Holdings, Ltd.             | Pershing Square Tontine Holdings, Ltd.                                                               | CUSIP: N/A<br>LEI: 549300ZDVEYEVCF35B08       | N/A              | DE               |  | US        |     23730 | NS      | $2.37         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MODENA BUYER LLC                                   | Modena Buyer LLC                                                                                     | CUSIP: N/A<br>LEI: 254900B0G2IU0VBDOY26       | Long             | LON              | CORP              | US        |    545875 | PA      | $536518.70    | 0.13%             | 2031-07-01      | Variable      | 8.81%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                | Dow Chemical Co.                                                                                     | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210022.14    | 0.05%             | 2053-05-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| HPS Private Credit CLO                             | HPS Private Credit CLO LLC                                                                           | CUSIP: 40445YAG9<br>LEI: 254900WC9JHPFFXUKB77 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251829.70    | 0.06%             | 2037-07-20      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -676990 | PA      | $-676989.56   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R                     | Central Texas Regional Mobility Authority Revenue Bonds                                              | CUSIP: 155498MR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $839639.27    | 0.21%             | 2045-01-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| FIDELIS INSUR HLD LTD                              | Fidelis Insurance Holdings Ltd.                                                                      | CUSIP: 31575FAC0<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | DBT              | CORP              | BM        |   1000000 | PA      | $1055650.00   | 0.26%             | 2055-06-15      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                        | State of Illinois General Obligation Unlimited                                                       | CUSIP: 452152BM2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    715385 | PA      | $754365.78    | 0.19%             | 2035-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| CNO FINANCIAL GROUP INC                            | CNO Financial Group, Inc.                                                                            | CUSIP: 12621EAM5<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | DBT              | CORP              | US        |    750000 | PA      | $788621.50    | 0.19%             | 2034-06-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HGR EDU POLIC                     | State of West Virginia, Higher Education Policy Commission, Revenue Bonds, Federally Taxable Build A | CUSIP: 95639RDX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11518533.00  | 2.83%             | 2040-04-01      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| Dreyfus Treasury Obligations C                     | Dreyfus Treasury Obligations Cash Management Fund - Institutional Shares                             | CUSIP: N/A<br>LEI: 549300MKKM9KT7BF6329       | Long             | STIV             | RF                | US        |    660506 | NS      | $660506.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                           | BX Trust                                                                                             | CUSIP: 05612TAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1147125.00   | 0.28%             | 2029-07-15      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| LVNV FUNDING LLC                                   | LVNV Funding LLC                                                                                     | CUSIP: N/A<br>LEI: 549300YMNWAZ7DKR6204       | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $205356.00    | 0.05%             | 2029-06-12      | Fixed         | 6.84%                 | No            |                  3 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |  -1046745 | PA      | $-1046745.19  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                             | BP Capital Markets plc                                                                               | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   1300000 | PA      | $1325399.40   | 0.33%             | N/A             | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -554820 | PA      | $-554819.57   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| LIBERTY GLOBAL LTD                                 | Telenet Finance Luxembourg Notes SARL                                                                | CUSIP: N/A<br>LEI: 2138007RI9GLJPCC3E25       | Long             | DBT              | CORP              | LU        |    200000 | PA      | $198743.88    | 0.05%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -729039 | PA      | $-729039.39   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                     | AASET Ltd.                                                                                           | CUSIP: 00038QAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    748818 | PA      | $765509.84    | 0.19%             | 2049-09-16      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1071178 | PA      | $-1071178.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| FREMONT CA UNIF SCH DIST ALAME                     | Fremont Unified School District/Alameda County California General Obligation Unlimited               | CUSIP: 357155CA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $298820.56    | 0.07%             | 2041-08-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MARIN CA CMNTY CLG DIST                            | Marin Community College District General Obligation Unlimited                                        | CUSIP: 56781RJX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1837743.00   | 0.45%             | 2038-08-01      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Carlyle Direct Lending CLO LLC                     | Carlyle Direct Lending CLO LLC                                                                       | CUSIP: 14310QAU2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $802648.08    | 0.20%             | 2036-07-15      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                                    | Ascot Group Ltd.                                                                                     | CUSIP: 04365XAB4<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |    350000 | PA      | $362887.31    | 0.09%             | 2035-06-15      | Variable      | 6.35%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST HSG DEV AUTH REVEN                     | Illinois Housing Development Authority Revenue Bonds                                                 | CUSIP: 45203MYE5<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    730000 | PA      | $734448.55    | 0.18%             | 2044-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| TEAMSYSTEM SPA                                     | TeamSystem SpA                                                                                       | CUSIP: N/A<br>LEI: 81560062081DF3AB7A90       | Long             | DBT              | CORP              | IT        |    700000 | PA      | $820532.23    | 0.20%             | 2031-07-31      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co.                                                                                 | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    950000 | PA      | $997352.85    | 0.25%             | 2033-09-14      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group, Inc.                                                                            | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EP               | CORP              | US        |   1150000 | NS      | $1184353.95   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| OHIOHEALTH CORP                                    | OhioHealth Corp.                                                                                     | CUSIP: 67777JAK4<br>LEI: JGYGIL4QGKKPZU7C1D18 | Long             | DBT              | CORP              | US        |   3465000 | PA      | $2313507.42   | 0.57%             | 2050-11-15      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                                                | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $410647.90    | 0.10%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LSTAR Securities Investment Lt                     | LSTAR Securities Investment Ltd.                                                                     | CUSIP: 54916LAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    186216 | PA      | $187273.19    | 0.05%             | 2029-01-01      | Floating      | 7.45%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY IN ECON DEV REVENUE                      | County of Knox Indiana Revenue Bonds                                                                 | CUSIP: 499396AV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2910785.65   | 0.72%             | 2034-04-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Service Experts Issuer                             | Service Experts Issuer LLC                                                                           | CUSIP: 81758FAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    262618 | PA      | $267804.99    | 0.07%             | 2035-11-20      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | CURRENCY CONTRACT - Rec GBP / Deliver USD                                                            | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261       | N/A              | DFE              |  | US        |     25000 | NC      | $96.33        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -3694576 | PA      | $-3694575.57  | -0.91%            |  |  |  | No            |                  2 | On Loan: No      |
| DYE & DURHAM LIMITED                               | Dye & Durham Ltd.                                                                                    | CUSIP: 267486AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    310000 | PA      | $323992.47    | 0.08%             | 2029-04-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -683816 | PA      | $-683816.41   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL STORAGE TRUST                              | Central Storage Safety Project Trust                                                                 | CUSIP: 155431AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6100832 | PA      | $5838120.78   | 1.43%             | 2038-02-01      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| SVC ABS LLC                                        | SVC ABS LLC                                                                                          | CUSIP: 78487JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    993750 | PA      | $976461.33    | 0.24%             | 2053-02-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                           | Madison Park Funding LVIII Ltd.                                                                      | CUSIP: 55817BAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    400000 | PA      | $403162.84    | 0.10%             | 2037-04-25      | Floating      | 7.97%                 | No            |                  2 | On Loan: No      |
| SERVPRO MASTER ISSUER, LLC                         | SERVPRO Master Issuer LLC                                                                            | CUSIP: 817743AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    942500 | PA      | $930906.97    | 0.23%             | 2049-10-25      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                | Bank of Nova Scotia                                                                                  | CUSIP: 0641598S8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    550000 | PA      | $582513.80    | 0.14%             | 2082-10-27      | Variable      | 8.62%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |     13000 | PA      | $11653.93     | 0.00%             | 2030-10-30      | Variable      | 9.54%                 | No            |                  3 | On Loan: No      |
| ARES FINANCE CO IV LLC                             | Ares Finance Company IV LLC                                                                          | CUSIP: 039936AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2650000 | PA      | $1827674.37   | 0.45%             | 2052-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                           | Prudential Financial, Inc.                                                                           | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1175911.56   | 0.29%             | 2052-03-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | BNP Paribas                                                                                          | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Short            | RA               | CORP              | FR        |  -1045805 | PA      | $-1045805.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                              | Chicago Board of Education General Obligation Unlimited                                              | CUSIP: 167505KH8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    195000 | PA      | $181523.59    | 0.04%             | 2039-12-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -692173 | PA      | $-692172.53   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX Trust                                                                                            | CUSIP: 67117YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    351178 | PA      | $349874.72    | 0.09%             | 2062-09-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -645608 | PA      | $-645607.52   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Ares Direct Lending CLO LLC                        | Ares Direct Lending CLO 1 LLC                                                                        | CUSIP: 04020RAC2<br>LEI: 254900W79C3ALKJIMH12 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $249520.50    | 0.06%             | 2036-04-25      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                  | NatWest Group plc                                                                                    | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    850000 | PA      | $854537.44    | 0.21%             | 2026-11-10      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP SF MTGE                       | Kentucky Housing Corp. Revenue Bonds                                                                 | CUSIP: 491309NM8<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251807.55    | 0.06%             | 2045-07-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| FT 1 INC                                           | Targus, Inc.                                                                                         | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |     17838 | NS      | $1.78         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -867330 | PA      | $-867330.41   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| INTACT FINANCIAL CORP                              | Intact Financial Corp.                                                                               | CUSIP: 45823TAL0<br>LEI: 5493009LXGE7Y4U9OY43 | Long             | DBT              | CORP              | CA        |   1900000 | PA      | $1942450.37   | 0.48%             | 2032-09-22      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                   | BAT Capital Corp.                                                                                    | CUSIP: 054989AC2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    800000 | PA      | $887432.80    | 0.22%             | 2043-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                  | Post Holdings, Inc.                                                                                  | CUSIP: 737446AR5<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1212676.14   | 0.30%             | 2031-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON DC CONVENTION & SPO                     | Washington Convention & Sports Authority Revenue Bonds                                               | CUSIP: 93878LBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89782.29     | 0.02%             | 2040-10-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                              | McGraw-Hill Education, Inc.                                                                          | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301561.44    | 0.07%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                 | Subway Funding LLC                                                                                   | CUSIP: 864300AL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    545875 | PA      | $542259.18    | 0.13%             | 2054-07-30      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |    140000 | PA      | $140000.00    | 0.03%             | 2031-04-30      | Variable      | 9.54%                 | No            |                  3 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -2022031 | PA      | $-2022030.64  | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -395097 | PA      | $-395097.44   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| Figs Inc                                           | Figs, Inc.                                                                                           | CUSIP: 30260D103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3754 | NS      | $26465.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -983481 | PA      | $-983481.13   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                          | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |    -20000 | NC      | $-9.96        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CURRENCY CONTRACT - Rec USD / Deliver EUR                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |  -4820000 | NC      | $11763.58     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                              | Toronto-Dominion Bank                                                                                | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $789855.75    | 0.19%             | 2082-10-31      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                                    | Global Atlantic Finance Co.                                                                          | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1426604.58   | 0.35%             | 2051-10-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| GIBSON BRANDS INC                                  | Gibson Brands, Inc.                                                                                  | CUSIP: N/A<br>LEI: 549300KU4ACNZQGB7J14       | Long             | LON              | CORP              | US        |    482500 | PA      | $451740.63    | 0.11%             | 2028-08-11      | Variable      | 9.58%                 | No            |                  2 | On Loan: No      |
| SUBURBAN PROPANE PARTNRS                           | Suburban Propane Partners Limited Partnership/Suburban Energy Finance Corp.                          | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $283846.65    | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -2318263 | PA      | $-2318263.17  | -0.57%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES III                             | Dyal Capital Partners III (B), LP                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    440000 | PA      | $449688.80    | 0.11%             | 2044-06-15      | Fixed         | 6.55%                 | No            |                  3 | On Loan: No      |
| PENNSYLVANIA ST HSG FIN AGY SF                     | Pennsylvania Housing Finance Agency Revenue Bonds                                                    | CUSIP: 70879QK36<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2874525.90   | 0.71%             | 2054-04-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                     | Oklahoma Development Finance Authority Revenue Bonds                                                 | CUSIP: 67884XCP0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |  10950000 | PA      | $10734608.03  | 2.64%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NUSTAR LOGISTICS LP                                | NuStar Logistics, LP                                                                                 | CUSIP: 67059TAH8<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035392.00   | 0.25%             | 2030-10-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                | United Airlines, Inc.                                                                                | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2165006.14   | 0.53%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| COMSTOCK PARK MI PUBLIC SCHS                       | Comstock Park Public Schools General Obligation Unlimited                                            | CUSIP: 205759GX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210339.28    | 0.05%             | 2026-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH SF                      | Colorado Housing and Finance Authority Revenue Bonds                                                 | CUSIP: 19648GHV7<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1620402.08   | 0.40%             | 2043-11-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Servpro Master Issuer, LLC                         | SERVPRO Master Issuer LLC                                                                            | CUSIP: 817743AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47875 | PA      | $44999.94     | 0.01%             | 2051-04-25      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| CLIFFWATER LLC                                     | Cliffwater LLC                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    269325 | PA      | $268465.96    | 0.07%             | 2032-03-19      | Variable      | 9.31%                 | No            |                  3 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL                                      | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    763000 | PA      | $790399.33    | 0.19%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DISPATCH TERRA ACQUISITION LLC                     | Dispatch Terra Acquisition LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1104000 | PA      | $1076168.16   | 0.26%             | 2028-03-27      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| COBANK ACB                                         | CoBank ACB                                                                                           | CUSIP: 19075QAG7<br>LEI: P0J8I7M2E0A77CKF1705 | Long             | EP               | CORP              | US        |    250000 | NS      | $256163.65    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| MONROVIA CA UNIF SCH DIST                          | Monrovia Unified School District, Los Angeles County, California, Election of 2006 General Obligatio | CUSIP: 611594KH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $639956.80    | 0.16%             | 2028-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX Trust                                                                                            | CUSIP: 67118XAC9<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |    237152 | PA      | $240701.32    | 0.06%             | 2064-02-25      | Variable      | 6.85%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes Trust                                                                                 | CUSIP: 33768EAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $995361.50    | 0.24%             | 2038-07-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INFO MGMT                            | Iron Mountain Information Management Services, Inc.                                                  | CUSIP: 46285MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $288360.63    | 0.07%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                   | LPL Holdings, Inc.                                                                                   | CUSIP: 50212YAF1<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    650000 | PA      | $626801.69    | 0.15%             | 2031-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                                         | Air Canada                                                                                           | CUSIP: 008911BJ7<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   1050000 | PA      | $757128.81    | 0.19%             | 2029-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT HSG FIN AUTH HSG M                     | Connecticut Housing Finance Authority Revenue Bonds                                                  | CUSIP: 20775JBJ7<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022294.90   | 0.25%             | 2040-11-15      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -2122590 | PA      | $-2122590.04  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -763093 | PA      | $-763093.01   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Gilead Aviation (Warehouse) LL                     | Gilead Aviation LLC                                                                                  | CUSIP: 37556TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    440778 | PA      | $450583.58    | 0.11%             | 2050-03-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                     | TD SYNNEX Corp.                                                                                      | CUSIP: 87162WAL4<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    850000 | PA      | $890510.86    | 0.22%             | 2034-04-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| GRAFTECH GLOBAL ENTERPRI                           | GrafTech Global Enterprises, Inc.                                                                    | CUSIP: 38431AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $850000.00    | 0.21%             | 2029-12-23      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| LAZARD GROUP LLC                                   | Lazard Group LLC                                                                                     | CUSIP: 52107QAM7<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1334771.89   | 0.33%             | 2035-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                            | MPLX, LP                                                                                             | CUSIP: 55336VBZ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    400000 | PA      | $377264.40    | 0.09%             | 2055-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ARMOR PARENT CORP                                  | Accuride Liquidating Trust                                                                           | CUSIP: N/A<br>LEI: 549300MC6XO5P96H8E79       | Long             | EC               | CORP              | US        |        25 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SOUTHERN CO                                        | Southern Co.                                                                                         | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |     58000 | PA      | $57124.61     | 0.01%             | 2051-09-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -434575 | PA      | $-434574.80   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                            | American National Group, Inc.                                                                        | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    675000 | PA      | $690687.00    | 0.17%             | 2055-12-01      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| NFM & J LLC                                        | The Facilities Group                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    487657 | PA      | $481469.28    | 0.12%             | 2027-11-30      | Variable      | 10.06%                | No            |                  3 | On Loan: No      |
| FT 1 INC                                           | Targus, Inc.                                                                                         | CUSIP: N/A<br>LEI: 5493002GPK5LQJ7QPJ51       | Long             | EC               | CORP              | US        |     17838 | NS      | $315.61       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BLUE RIBBON LLC (USA)                              | Blue Ribbon LLC                                                                                      | CUSIP: N/A<br>LEI: 549300NQM7J4KC44D416       | Long             | LON              | CORP              | US        |    934375 | PA      | $663406.25    | 0.16%             | 2028-05-08      | Variable      | 10.55%                | No            |                  2 | On Loan: No      |
| FIRSTDIGITAL COMMUNICATIONS LLC                    | FirstDigital Communications LLC                                                                      | CUSIP: N/A<br>LEI: 549300FTXU0H08IR2D04       | Long             | LON              | CORP              | US        |   1228125 | PA      | $1208716.94   | 0.30%             | 2026-12-17      | Variable      | 10.75%                | No            |                  3 | On Loan: No      |
| ORLANDO HEALTH OBL GRP                             | Orlando Health Obligated Group                                                                       | CUSIP: 686514AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4154292.52   | 1.02%             | 2035-10-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| ENDO LP                                            | Endo Luxembourg Finance Co I SARL / Endo US, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    350000 | NS      | $35.00        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Dreyfus Treasury Securities Ca                     | Dreyfus Treasury Securities Cash Management Fund - Institutional Shares                              | CUSIP: N/A<br>LEI: 549300U78VESCW509025       | Long             | STIV             | RF                | US        |    344604 | NS      | $344604.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JCP Direct Lending CLO LLC                         | JCP Direct Lending CLO 2023-1 LLC                                                                    | CUSIP: 46656TAW6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |   1000000 | PA      | $1002472.00   | 0.25%             | 2037-07-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                           | Safehold GL Holdings LLC                                                                             | CUSIP: 785931AB2<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    118000 | PA      | $119190.72    | 0.03%             | 2035-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SWISS RE FINANCE LUX                               | Swiss Re Finance Luxembourg S.A.                                                                     | CUSIP: 87089NAA8<br>LEI: 549300CLQZ6TM98LW631 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $1003131.15   | 0.25%             | 2049-04-02      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HORRY CNTY SC ARPT REVENUE                         | County of Horry South Carolina Airport Revenue Bonds                                                 | CUSIP: 44066MEB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5753905.50   | 1.41%             | 2040-07-01      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUNI PWR-OHIO INC OH                      | American Municipal Power, Inc., Combined Hydroelectric Projects Revenue Bonds, New Clean Renewable E | CUSIP: 02765UEP5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3999093.12   | 0.98%             | 2028-02-15      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -2012464 | PA      | $-2012463.67  | -0.49%            |  |  |  | No            |                  2 | On Loan: No      |
| TULSA OK ARPTS IMPT TRUST                          | Tulsa Airports Improvement Trust Revenue Bonds                                                       | CUSIP: 899647TS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $2678179.14   | 0.66%             | 2045-06-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |    107603 | PA      | $106763.92    | 0.03%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| Sonic Capital LLC                                  | Sonic Capital LLC                                                                                    | CUSIP: 83546DAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    941617 | PA      | $813667.44    | 0.20%             | 2051-08-20      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                 | Valero Energy Corp.                                                                                  | CUSIP: 91913YBE9<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $1749724.24   | 0.43%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA ANA CA UNIF SCH DIST                         | Santa Ana Unified School District, California, General Obligation Bonds, Federal Taxable Build Ameri | CUSIP: 801155VL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2443639.85   | 0.60%             | 2030-08-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Long             | LON              | CORP              | US        |    472000 | PA      | $633153.09    | 0.16%             | 2031-04-30      | Variable      | 9.46%                 | No            |                  3 | On Loan: No      |
| BLUE OWL GP STAKES V ISSUER                        | Blue Owl Capital GP LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    374250 | PA      | $389859.97    | 0.10%             | 2043-08-22      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| JANE STREET GRP/JSG FIN                            | Jane Street Group / JSG Finance, Inc.                                                                | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $992515.35    | 0.24%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC                             | Five Guys Holdings, Inc.                                                                             | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |    397000 | PA      | $411114.14    | 0.10%             | 2054-01-26      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| DETROIT MI CITY SCH DIST                           | Detroit, Michigan, School District, School Building and Site Bonds, Unlimited Tax General Obligation | CUSIP: 251130EC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2640000 | PA      | $2841151.90   | 0.70%             | 2029-05-01      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Cascade Funding Mortgage Trust                     | CFMT LLC                                                                                             | CUSIP: 12530GAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $481342.35    | 0.12%             | 2037-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| SELECTIVE INSURANCE GROU                           | Selective Insurance Group, Inc.                                                                      | CUSIP: 816300503<br>LEI: 549300R3WGJWLE40R258 | Long             | EP               | CORP              | US        |     20000 | NS      | $346800.00    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                          | CURRENCY CONTRACT - Rec USD / Deliver CAD                                                            | CUSIP: N/A<br>LEI: 7H6GLXDRUGQFU57RNE97       | N/A              | DFE              |  | US        |  -1067000 | NC      | $-1483.49     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LASERAWAY INTERMEDIATE HOLDINGS II LLC             | LaserAway Intermediate Holdings II LLC                                                               | CUSIP: N/A<br>LEI: 254900KPMJ49M2JTOZ92       | Long             | LON              | CORP              | US        |    767273 | PA      | $751927.26    | 0.18%             | 2027-10-14      | Variable      | 10.33%                | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN                     | Iowa Finance Authority Revenue Bonds                                                                 | CUSIP: 46247EAY1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495386.00    | 0.12%             | 2049-07-01      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248342.60    | 0.06%             | 2037-10-19      | Fixed         | 3.37%                 | No            |                  2 | On Loan: No      |
| LVNV FUNDING LLC                                   | LVNV Funding LLC                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $683741.50    | 0.17%             | 2028-11-05      | Fixed         | 7.80%                 | No            |                  3 | On Loan: No      |
| OHIOHEALTH CORP                                    | OhioHealth Corp.                                                                                     | CUSIP: 67777JAM0<br>LEI: JGYGIL4QGKKPZU7C1D18 | Long             | DBT              | CORP              | US        |    300000 | PA      | $213249.31    | 0.05%             | 2041-11-15      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Contra Mallinckro                                  | Contra Mallinckro                                                                                    | CUSIP: 292CNT011<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2561 | NS      | $248417.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| SILVER LAKE (OFFSHORE) AIV GP V LTD                | Zephyr Bidco Ltd.                                                                                    | CUSIP: N/A<br>LEI: 549300ZI8D8NFMCTDS74       | Long             | LON              | CORP              | GB        |    900000 | PA      | $1217451.01   | 0.30%             | 2028-07-20      | Variable      | 9.47%                 | No            |                  2 | On Loan: No      |
| Labrador Aviation Finance Limi                     | Labrador Aviation Finance Ltd.                                                                       | CUSIP: 50543LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    386249 | PA      | $376577.69    | 0.09%             | 2042-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                     | Tennessee Housing Development Agency Revenue Bonds                                                   | CUSIP: 88046KRU2<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $489106.10    | 0.12%             | 2050-07-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV REVENUE                         | California State University Revenue Bonds                                                            | CUSIP: 13077DBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $406365.65    | 0.10%             | 2047-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                             | Nationstar Mortgage Holdings, Inc.                                                                   | CUSIP: 43734LAA4<br>LEI: 549300DQF6YN0E43PM71 | Long             | DBT              | CORP              | US        |    560000 | PA      | $558744.37    | 0.14%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza                     | Castlelake Aircraft Structured Trust 2025-2                                                          | CUSIP: 14855XAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008744.30   | 0.25%             | 2050-08-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| HENNEMAN TRUST                                     | Henneman Trust                                                                                       | CUSIP: 425911AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1074613.73   | 0.26%             | 2055-05-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| BEACON FUNDING TRUST                               | Beacon Funding Trust                                                                                 | CUSIP: 073952AB9<br>LEI: 984500A80A2EBF5A7C93 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248777.69    | 0.06%             | 2054-08-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| KKR CORE HOLDING COMPANY LLC                       | KKR Core Holding Company LLC                                                                         | CUSIP: N/A<br>LEI: 5493007DXHDGV3QWWI42       | Long             | ABS-O            | CORP              | US        |   1386223 | PA      | $1287786.91   | 0.32%             | 2031-08-12      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| TENN VALLEY AUTHORITY                              | Tennessee Valley Authority                                                                           | CUSIP: 880591ES7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   4800000 | PA      | $3813302.40   | 0.94%             | 2065-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BERKLEY (WR) CORPORATION                           | W R Berkley Corp.                                                                                    | CUSIP: 084423870<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EP               | CORP              | US        |     95975 | NS      | $1696838.00   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -3560553 | PA      | $-3560553.08  | -0.88%            |  |  |  | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS                     | Connecticut Housing Finance Authority Revenue Bonds                                                  | CUSIP: 20775HT60<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    800000 | PA      | $804668.24    | 0.20%             | 2049-11-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| PACIFIC BELLS LLC                                  | Pacific Bells LLC                                                                                    | CUSIP: N/A<br>LEI: 549300VGOQXINYVBJF37       | Long             | LON              | CORP              | US        |   1036498 | PA      | $1037794.03   | 0.26%             | 2028-11-13      | Variable      | 8.56%                 | No            |                  2 | On Loan: No      |
| UNIV OF ARKANSAS AR UNIV REVEN                     | University of Arkansas Revenue Bonds                                                                 | CUSIP: 914073BD2<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |    250000 | PA      | $195430.13    | 0.05%             | 2041-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -3645942 | PA      | $-3645941.83  | -0.90%            |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom, Inc.                                                                                       | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1085159.43   | 0.27%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RSDL MTGE                      | Ohio Housing Finance Agency Revenue Bonds                                                            | CUSIP: 67756UEU8<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    810000 | PA      | $826612.86    | 0.20%             | 2055-09-01      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                                  | Upbound Group, Inc.                                                                                  | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245025.53    | 0.06%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -4503618 | PA      | $-4503618.50  | -1.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                                   | Owl Rock CLO XVI LLC                                                                                 | CUSIP: 69120YAE5<br>LEI: 254900BHMAVJ8X5TCA77 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $602458.80    | 0.15%             | 2036-04-20      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTR REVENUE                             | Chicago, Illinois, Second Lien Water Revenue Bonds, Taxable Build America Bonds                      | CUSIP: 167736YU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3237580.37   | 0.80%             | 2040-11-01      | Fixed         | 6.74%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK, Inc.                                                                                          | CUSIP: 682680CW1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137566.54    | 0.03%             | 2044-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                             | Switch ABS Issuer LLC                                                                                | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $858166.89    | 0.21%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| NASSAU COMPANIES OF NY                             | Nassau Companies of New York                                                                         | CUSIP: 63155AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $355262.95    | 0.09%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| WAYNE MI ST UNIV REVENUES                          | Wayne State University Revenue Bonds                                                                 | CUSIP: 946303C44<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |   1030000 | PA      | $757123.85    | 0.19%             | 2049-11-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| POLARIS INC                                        | Polaris, Inc.                                                                                        | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |    450000 | PA      | $476436.24    | 0.12%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| VERTICAL TOPCO I SA                                | TK Elevator Midco GmbH                                                                               | CUSIP: N/A<br>LEI: 254900K869UN2ZWVB351       | Short            | LON              | CORP              | DE        |  -1000000 | PA      | $-0.01        | -0.00%            | 2027-01-29      | Variable      | 0.82%                 | No            |                  3 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -935761 | PA      | $-935761.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale                                                                                     | CUSIP: N/A<br>LEI: O2RNE8IBXP4R0TD8PU41       | Short            | RA               | CORP              | FR        |  -1234907 | PA      | $-1234907.07  | -0.30%            |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV                           | Southwestern Public Service Co.                                                                      | CUSIP: 845743BR3<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $729936.80    | 0.18%             | 2047-08-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | BNP Paribas                                                                                          | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Short            | RA               | CORP              | FR        |   -961050 | PA      | $-961050.00   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding 52 LLC                                                                         | CUSIP: 15675MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1250000.00   | 0.31%             | 2037-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC             | Integrated Power Services Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -104887 | PA      | $-242.22      | -0.00%            | 2028-11-22      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| AZ BATTERY PROPERTY LLC                            | AZ Battery Property LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    680000 | PA      | $649223.20    | 0.16%             | 2046-02-20      | Fixed         | 6.73%                 | No            |                  3 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                           | British Telecommunications plc                                                                       | CUSIP: 11102AAG6<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |   1700000 | PA      | $1595747.33   | 0.39%             | 2081-11-23      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -991262 | PA      | $-991262.47   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -952950 | PA      | $-952949.62   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -277520 | PA      | $-277520.25   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -942096 | PA      | $-942096.40   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                     | Tennessee Housing Development Agency Revenue Bonds                                                   | CUSIP: 88046KLA2<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $494166.15    | 0.12%             | 2054-07-01      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA PUBLIC HOSP DIST                      | King County Public Hospital District No. 2 General Obligation Ltd.                                   | CUSIP: 494791TB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $812362.65    | 0.20%             | 2044-12-01      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH HOSP FACS REV                     | County of Franklin Ohio Revenue Bonds                                                                | CUSIP: 353187EV5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   8900000 | PA      | $5604792.80   | 1.38%             | 2050-11-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch | Canadian Imperial Bank of Commerce                                                                   | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |  -1165152 | PA      | $-1165152.00  | -0.29%            |  |  |  | No            |                  2 | On Loan: No      |
| NEVADA ST HSG DIV SF MTGE REVE                     | Nevada Housing Division Revenue Bonds                                                                | CUSIP: 641279F41<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3862256.40   | 0.95%             | 2050-10-01      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |    125140 | PA      | $123188.30    | 0.03%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| CENTRL WA UNIV SYS REVENUE                         | Central Washington University, System Revenue Bonds, 2010, Taxable Build America Bonds               | CUSIP: 155839DK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5197621.50   | 1.28%             | 2030-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                           | Corebridge Financial, Inc.                                                                           | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    840000 | PA      | $868686.18    | 0.21%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1138385 | PA      | $-1138385.00  | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux SARL/ JBS USA Food Company/ JBS Lux Co SARL                                      | CUSIP: 46590XAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $914483.04    | 0.22%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MANTECA CA REDEV AGY SUCCESSOR                     | Manteca Redevelopment Agency Successor Agency Tax Allocation                                         | CUSIP: 56453RBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1091057.38   | 0.27%             | 2042-10-01      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| DEUCE FINCO PLC                                    | Deuce FinCo plc                                                                                      | CUSIP: N/A<br>LEI: 9845007DA2BC863E8437       | Long             | DBT              | CORP              | GB        |    500000 | PA      | $674609.85    | 0.17%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARMOR PARENT CORP                                  | Accuride Corp                                                                                        | CUSIP: N/A<br>LEI: 549300MC6XO5P96H8E79       | Long             | EC               | CORP              | US        |    403435 | NS      | $40.34        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HANESBRANDS INC                                    | Hanesbrands, Inc.                                                                                    | CUSIP: 410345AQ5<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | DBT              | CORP              | US        |    400000 | PA      | $425239.60    | 0.10%             | 2031-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -598531 | PA      | $-598530.93   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -768423 | PA      | $-768422.86   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| KUVARE US HOLDINGS INC                             | Kuvare US Holdings, Inc.                                                                             | CUSIP: 50149XAA2<br>LEI: 254900MGBERNLZXF7O58 | Long             | EP               | CORP              | US        |    341000 | NS      | $339799.41    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| SITECORE HOLDING II A/S                            | Sitecore Holding III A/S                                                                             | CUSIP: N/A<br>LEI: 213800M9GGJ3GNKQOC39       | Long             | LON              | CORP              | DK        |    807300 | PA      | $938290.79    | 0.23%             | 2029-03-12      | Variable      | 4.64%                 | No            |                  3 | On Loan: No      |
| BETH ISRAEL LAHEY HEALTH                           | Beth Israel Lahey Health, Inc.                                                                       | CUSIP: 08661UAB2<br>LEI: 549300QPZ5W3279DU141 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $2865710.30   | 0.70%             | 2051-07-01      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| WOMENS CARE HOLDINGS INC                           | Women's Care Holdings, Inc.                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1038868 | PA      | $942772.50    | 0.23%             | 2028-01-15      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| COLORADO ST BLDG EXCELLENT SCH                     | Colorado, Building Excellent Schools Today, Certificates of Participation, Taxable Qualified School  | CUSIP: 19668QDM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2655680.25   | 0.65%             | 2028-03-15      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| FARMERS INS EXCH                                   | Farmers Insurance Exchange                                                                           | CUSIP: 309601AG7<br>LEI: 549300UWG2TLX1GZVT44 | Long             | DBT              | CORP              | US        |    880000 | PA      | $894546.40    | 0.22%             | 2064-10-15      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                            | GLP Capital Limited Partnership / GLP Financing II, Inc.                                             | CUSIP: 361841AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $246224.63    | 0.06%             | 2037-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sprite Limited                                     | Sprite Ltd.                                                                                          | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475317 | PA      | $459838.51    | 0.11%             | 2046-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R                     | Central Texas Regional Mobility Authority Revenue Bonds                                              | CUSIP: 155498JN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5250000 | PA      | $4223492.18   | 1.04%             | 2042-01-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| FRASER MI PUBLIC SCHS DIST                         | Fraser Public School District, Macomb County, Michigan, General Obligation Federally Taxable School  | CUSIP: 355514MD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $505723.11    | 0.12%             | 2026-05-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA, Inc.                                                                                            | CUSIP: 404119CL1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $952954.88    | 0.23%             | 2052-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -948974 | PA      | $-948974.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| VECTOR PHOENIX HOLDINGS (CAYMAN) LP                | Vector Phoenix Holdings, LP                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     15619 | NS      | $330.52       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| DYAL CAPITAL PARTNERS IV LP                        | Dyal Capital Partners IV                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    350000 | PA      | $317152.50    | 0.08%             | 2041-02-22      | Fixed         | 3.65%                 | No            |                  3 | On Loan: No      |
| TENNESSEE HSG DEV AGY RSDL FIN                     | Tennessee Housing Development Agency Revenue Bonds                                                   | CUSIP: 88046KNH5<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    500000 | PA      | $497249.95    | 0.12%             | 2054-07-01      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLV LLC                                                                        | CUSIP: 15675FAE8<br>LEI: 6354005BRQJC9NIG3407 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003616.00   | 0.25%             | 2036-04-15      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                | Medline Borrower, LP                                                                                 | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    450000 | PA      | $445625.06    | 0.11%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERSIDE CNTY CA REDEV SUCCES                     | Riverside County Redevelopment Successor Agency Tax Allocation                                       | CUSIP: 76913ALL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $224703.55    | 0.06%             | 2037-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |  -1035458 | PA      | $-1035458.26  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |    -43200 | PA      | $-4204.45     | -0.00%            | 2031-02-13      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| METIS ISSUER 2025-1 LLC                            | Metis Issuer, LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $895563.00    | 0.22%             | 2055-05-15      | Fixed         | 6.89%                 | No            |                  3 | On Loan: No      |
| HIGGINBOTHAM INSURANCE AGENCY INC                  | Higginbotham Insurance Agency, Inc.                                                                  | CUSIP: N/A<br>LEI: 549300IY2QEM8MQC2K06       | Long             | LON              | CORP              | US        |    990000 | PA      | $983914.01    | 0.24%             | 2028-11-24      | Variable      | 8.82%                 | No            |                  3 | On Loan: No      |
| KINDER MORGAN INC                                  | Kinder Morgan, Inc.                                                                                  | CUSIP: 49456BAX9<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    400000 | PA      | $404654.80    | 0.10%             | 2033-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                     | NRG Energy, Inc.                                                                                     | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    450000 | PA      | $491742.45    | 0.12%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GLOBAL PART/GLP FINANCE                            | Global Partners Limited Partnership / GLP Finance Corp.                                              | CUSIP: 37954FAK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $473062.50    | 0.12%             | 2032-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VB-S1 Issuer LLC                                   | VB-S1 Issuer LLC - VBTEL                                                                             | CUSIP: 91823AAY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $4793041.50   | 1.18%             | 2052-02-15      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| NEW FLYER HOLDINGS                                 | New Flyer Holdings, Inc.                                                                             | CUSIP: 64438WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $107269.60    | 0.03%             | 2030-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                             | AS Mileage Plan IP Ltd.                                                                              | CUSIP: 00218QAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    600000 | PA      | $600822.61    | 0.15%             | 2031-10-20      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                     | Whirlpool Corp.                                                                                      | CUSIP: 963320AV8<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $150621.86    | 0.04%             | 2046-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1852966 | PA      | $-1852966.00  | -0.46%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -914213 | PA      | $-914213.02   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1674902 | PA      | $-1674901.80  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| DAI-ICHI LIFE INSURANCE                            | Dai-ichi Life Insurance Company Ltd.                                                                 | CUSIP: 23381LAA2<br>LEI: 3538001235ACEIORUV72 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $414735.60    | 0.10%             | 2075-07-16      | Variable      | 6.20%                 | No            |                  2 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA                   | Terminal Investment Limited Holding                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $990570.00    | 0.24%             | 2040-10-01      | Fixed         | 6.23%                 | No            |                  3 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                             | NextEra Energy Capital Holdings, Inc.                                                                | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |     12550 | NS      | $316385.50    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| YAK BLOCKER 2 LLC                                  | YAK BLOCKER 2 LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      5183 | NS      | $4195.90      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                                                | CUSIP: 350930AE3<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    550000 | PA      | $588973.28    | 0.14%             | 2038-01-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA ARPT REVENUE                           | Norman Y Mineta San Jose International Airport SJC Revenue Bonds                                     | CUSIP: 798136YP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $53787.38     | 0.01%             | 2041-03-01      | Fixed         | 3.29%                 | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Short            | LON              | CORP              | US        |   -195152 | PA      | $-309.84      | -0.00%            | 2031-02-13      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| NIPPON LIFE INSURANCE                              | Nippon Life Insurance Co.                                                                            | CUSIP: 654579AN1<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |    950000 | PA      | $983899.95    | 0.24%             | 2054-04-16      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                           | Plains All American Pipeline Limited Partnership / PAA Finance Corp.                                 | CUSIP: 72650RBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $82670.05     | 0.02%             | 2044-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                   | Altice France S.A.                                                                                   | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    350000 | PA      | $299250.00    | 0.07%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| QUIRCH FOODS HOLDINGS LLC                          | Quirch Foods Holdings LLC                                                                            | CUSIP: N/A<br>LEI: 549300ZJJLQXSE7L4U02       | Long             | LON              | CORP              | US        |    936715 | PA      | $917512.81    | 0.23%             | 2027-10-27      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| OMNIS FUNDING TRUST                                | Omnis Funding Trust                                                                                  | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $722906.66    | 0.18%             | 2055-05-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| GRANT THORNTON ADVISORS LLC                        | Grant Thornton Advisors LLC                                                                          | CUSIP: N/A<br>LEI: 254900XS1SHU0YY3WF58       | Long             | LON              | CORP              | US        |    630000 | PA      | $631417.50    | 0.16%             | 2031-05-30      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -988888 | PA      | $-988887.70   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| MARYLAND CMNTY DEV ADMIN HSG &                     | Maryland Department of Housing & Community Development Revenue Bonds                                 | CUSIP: 57419UDH8<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504072.50   | 0.62%             | 2049-09-01      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -502603 | PA      | $-502603.36   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| WASHINGTON ST CONVENTION CENTE                     | Washington State Convention Center Public Facilities District, Lodging Tax Bonds, Taxable Build Amer | CUSIP: 93976AAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4451045.84   | 1.09%             | 2040-07-01      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| WILTON RE LTD                                      | Wilton RE Ltd.                                                                                       | CUSIP: 97263CAA9<br>LEI: 5493004VQ9VSL29MT373 | Long             | DBT              | CORP              | CA        |   1924000 | PA      | $1905462.45   | 0.47%             | N/A             | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -228165 | PA      | $-228165.36   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1265452 | PA      | $-1265451.60  | -0.31%            |  |  |  | No            |                  2 | On Loan: No      |
| VIPER ENERGY INC                                   | Vnom Sub, Inc.                                                                                       | CUSIP: 92763MAA3<br>LEI: 5299009LINL232255G03 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50966.54     | 0.01%             | 2027-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -4331113 | PA      | $-4331113.31  | -1.06%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -563458 | PA      | $-563457.69   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Navigator Aviation Ltd                             | Navigator Aviation Ltd.                                                                              | CUSIP: 63943DAB5<br>LEI: 984500UF8C3O89B30652 | Long             | ABS-O            | CORP              | KY        |    789286 | PA      | $789770.39    | 0.19%             | 2049-08-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| TLWND 2019-1                                       | GAIA Aviation Ltd.                                                                                   | CUSIP: 87404LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2053047 | PA      | $1990490.93   | 0.49%             | 2044-12-15      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1353434 | PA      | $-1353434.50  | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                     | Tarrant County Cultural Education Facilities Finance Corp. Revenue Bonds                             | CUSIP: 87638QRJ0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $5595956.00   | 1.38%             | 2050-09-01      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH                         | Massachusetts Port Authority Revenue Bonds                                                           | CUSIP: 575896WR2<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $2538965.64   | 0.62%             | 2042-07-01      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| TEGRA118 WEALTH SOLUTIONS INC                      | Tegra118 Wealth Solutions, Inc.                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    344560 | PA      | $340252.60    | 0.08%             | 2027-02-18      | Variable      | 8.20%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1743291 | PA      | $-1743291.00  | -0.43%            |  |  |  | No            |                  2 | On Loan: No      |
| MB2 DENTAL SOLUTIONS LLC                           | MB2 Dental Solutions LLC                                                                             | CUSIP: N/A<br>LEI: 254900HDV9GEHEZLSQ19       | Long             | LON              | CORP              | US        |     16800 | PA      | $15164.94     | 0.00%             | 2031-02-13      | Variable      | 9.82%                 | No            |                  3 | On Loan: No      |
| FIRST REPUBLIC BANK                                | First Republic Bank                                                                                  | CUSIP: 33616C696<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EP               | CORP              | US        |     17750 | NS      | $53.25        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH CMWLT                     | Virginia Housing Development Authority Revenue Bonds                                                 | CUSIP: 92812U7L6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990568.90    | 0.24%             | 2054-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -1030278 | PA      | $-1030278.11  | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                                 | Panama Government International Bond                                                                 | CUSIP: 698299BS2<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |   1250000 | PA      | $848250.00    | 0.21%             | 2063-01-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALLIANZ SE                                         | Allianz SE                                                                                           | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1019150.00   | 0.25%             | N/A             | Variable      | 6.55%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -569616 | PA      | $-569615.87   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1908903 | PA      | $-1908903.32  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| LAZARD GROUP LLC                                   | Lazard Group LLC                                                                                     | CUSIP: 52107QAL9<br>LEI: FI94J2CJ1D7BIGVMS874 | Long             | DBT              | CORP              | US        |    660000 | PA      | $698209.79    | 0.17%             | 2031-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SYNDIGO LLC                                        | Syndigo LLC                                                                                          | CUSIP: N/A<br>LEI: 5493003F0ELO33ON0186       | Long             | LON              | CORP              | US        |    912905 | PA      | $911764.14    | 0.22%             | 2027-12-15      | Variable      | 8.93%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -3002272 | PA      | $-3002272.01  | -0.74%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                             | NextEra Energy Capital Holdings, Inc.                                                                | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    336000 | PA      | $346376.02    | 0.09%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| KREF 2021-FL2 Ltd                                  | KREF Ltd.                                                                                            | CUSIP: 48275RAC1<br>LEI: 54930083ELM2GCMVTQ91 | Long             | ABS-O            | CORP              | KY        |    650000 | PA      | $637795.28    | 0.16%             | 2039-02-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CA SCH DIST                           | Hillsborough City School District General Obligation Unlimited                                       | CUSIP: 432272GG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $226268.15    | 0.06%             | 2040-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                     | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAY4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |     80426 | PA      | $66808.18     | 0.02%             | 2052-11-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| CHESTERFIELD FINANCIAL HOLDING CHEST_23-1          | CHEST                                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $472617.00    | 0.12%             | 2043-03-23      | Variable      | 7.12%                 | No            |                  3 | On Loan: No      |
| MPLX LP                                            | MPLX, LP                                                                                             | CUSIP: 55336VCD0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1554877.84   | 0.38%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| UNIFORM MBS                                        | Uniform MBS 30 Year                                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-MBS          | CORP              | US        |   3800000 | PA      | $3818414.80   | 0.94%             | 2025-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OAKRIDGE MI PUBLIC SCHS                            | Oakridge, Michigan, Public Schools, Unlimited Tax General Obligation Bonds                           | CUSIP: 673853GP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $345658.98    | 0.08%             | 2026-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST UNIV AGRIC & MECH                      | Oklahoma State University Revenue Bonds                                                              | CUSIP: 679191GZ3<br>LEI: 254900M845UI413F1O58 | Long             | DBT              | MUN               | US        |    150000 | PA      | $119955.84    | 0.03%             | 2048-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                             | Venture Global LNG, Inc.                                                                             | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | EP               | CORP              | US        |    350000 | NS      | $347564.63    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                           | Mill City Securities Ltd.                                                                            | CUSIP: 59982DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    412634 | PA      | $385812.87    | 0.09%             | 2069-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                         | PacifiCorp                                                                                           | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1089543.81   | 0.27%             | 2055-09-15      | Variable      | 7.38%                 | No            |                  2 | On Loan: No      |
| NATL LIFE INSURANCE-VRMT                           | National Life Insurance Co.                                                                          | CUSIP: 636792AA1<br>LEI: 0JRPR7R1EOV4Z2M47L22 | Long             | DBT              | CORP              | US        |    900000 | PA      | $1201689.05   | 0.30%             | 2039-09-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                     | Dallas/Fort Worth International Airport Revenue Bonds                                                | CUSIP: 2350367A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $4447570.40   | 1.09%             | 2050-11-01      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                        | State of Illinois General Obligation Unlimited                                                       | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    153846 | PA      | $162454.15    | 0.04%             | 2035-04-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| UNIV OK REVENUES                                   | University of Oklahoma Revenue Bonds                                                                 | CUSIP: 91476PD70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1476339.83   | 0.36%             | 2049-07-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH                         | Massachusetts Port Authority Revenue Bonds                                                           | CUSIP: 575896WS0<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    750000 | PA      | $487805.25    | 0.12%             | 2051-07-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                             | AP Grange Holdings                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |   2400000 | PA      | $2469000.00   | 0.61%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| NFM & J LLC                                        | NFM & J LLC                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    479727 | PA      | $473639.62    | 0.12%             | 2027-11-30      | Variable      | 10.16%                | No            |                  3 | On Loan: No      |
| MPLX LP                                            | MPLX, LP                                                                                             | CUSIP: 55336VBW9<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45370.89     | 0.01%             | 2053-03-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SITECORE HOLDING II A/S                            | Sitecore Holding III A/S                                                                             | CUSIP: N/A<br>LEI: 213800M9GGJ3GNKQOC39       | Long             | LON              | CORP              | DK        |    109054 | PA      | $108332.01    | 0.03%             | 2029-03-12      | Variable      | 5.80%                 | No            |                  3 | On Loan: No      |
| Golub Capital Partners CLO Ltd                     | Golub Capital Partners CLO 46M Ltd.                                                                  | CUSIP: 38178UAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $501629.55    | 0.12%             | 2037-04-20      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -2678539 | PA      | $-2678538.75  | -0.66%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                | CURRENCY CONTRACT - Rec USD / Deliver GBP                                                            | CUSIP: N/A<br>LEI: I7331LVCZKQKX5T7XV54       | N/A              | DFE              |  | US        |  -2630000 | NC      | $14128.87     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LIFESPAN CORP                                      | Lifespan Corp.                                                                                       | CUSIP: 53229UAA5<br>LEI: I9TGZUV477HZIKUP0045 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1270135.68   | 0.31%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Whitehorse Ltd                                     | WhiteHorse VIII Ltd.                                                                                 | CUSIP: 96524XAA0<br>LEI: 549300GKZTMG24SVKU49 | Long             | ABS-O            | CORP              | KY        |     14488 | PA      | $5541.72      | 0.00%             | 2026-05-01      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                           | New Enterprise Stone & Lime Company, Inc.                                                            | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    575000 | PA      | $576627.25    | 0.14%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HT HOLDING LLC                                     | HighTower Holding LLC                                                                                | CUSIP: N/A<br>LEI: 254900MKOSB7RTMA9K12       | Long             | LON              | CORP              | US        |    343737 | PA      | $343021.78    | 0.08%             | 2032-02-03      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH HOSP FACS                     | New Hampshire Business Finance Authority Revenue Bonds                                               | CUSIP: 63609WAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $3223030.56   | 0.79%             | 2051-05-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital                      | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $980853.47    | 0.24%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL                     | Stack Infrastructure Issuer LLC                                                                      | CUSIP: 85236KAP7<br>LEI: 254900AV7V87H3A2WM57 | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $548333.94    | 0.13%             | 2050-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                                  | Flowers Foods, Inc.                                                                                  | CUSIP: 343498AE1<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $1982171.73   | 0.49%             | 2055-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                           | Liberty Mutual Group, Inc.                                                                           | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $1699332.99   | 0.42%             | 2061-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| SLAM LLC                                           | Slam Ltd.                                                                                            | CUSIP: 78450TAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    393981 | PA      | $404852.80    | 0.10%             | 2050-05-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                               | QTS Issuer ABS I LLC                                                                                 | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1016620.80   | 0.25%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| MEIJI YASUDA LIFE INSURA                           | Meiji Yasuda Life Insurance Co.                                                                      | CUSIP: 585270AE1<br>LEI: 549300SLU4LP6YMRLK07 | Long             | DBT              | CORP              | JP        |    700000 | PA      | $720888.00    | 0.18%             | 2055-06-11      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                                  | Imperial Fund Mortgage Trust                                                                         | CUSIP: 45276PAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1658093 | PA      | $1582372.44   | 0.39%             | 2067-03-25      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| SAFEHOLD GL HOLDINGS LLC                           | Safehold GL Holdings LLC                                                                             | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              | CORP              | US        |    788000 | PA      | $826453.19    | 0.20%             | 2034-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FTAI AIRCRAFT LEASING SPV 2025 LP                  | FTAI Aircraft Leasing                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    339533 | NS      | $33.95        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                  | GXO Logistics, Inc.                                                                                  | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057612.11   | 0.26%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMAZON CONSERVATION DAC                            | Amazon Conservation DAC                                                                              | CUSIP: 02315JAA2<br>LEI: 635400VMJ6EGNYN3YK31 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1014200.00   | 0.25%             | 2042-01-16      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited                        | Fortress Credit BSL XV Ltd.                                                                          | CUSIP: 34964WAS1<br>LEI: 254900VHYDP7XYPMH337 | Long             | ABS-O            | CORP              | JE        |    650000 | PA      | $651027.46    | 0.16%             | 2033-10-18      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| DYAL CAPITAL PARTNERS IV LP                        | Dyal Capital Partners IV                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    650000 | PA      | $588997.50    | 0.14%             | 2041-02-22      | Fixed         | 3.65%                 | No            |                  3 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SF MTG                     | Idaho Housing & Finance Association Revenue Bonds                                                    | CUSIP: 45130BDL4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1205588.16   | 0.30%             | 2050-07-01      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| MICHAEL BAKER INTERNATIONAL LLC                    | Michael Baker International LLC                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    396010 | PA      | $397328.71    | 0.10%             | 2028-12-01      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| INSPIRED EDUCATION HOLDINGS LTD                    | Inspired Finco Holdings, Ltd.                                                                        | CUSIP: N/A<br>LEI: 21380079CKTODVMD9183       | Long             | LON              | CORP              | GB        |   1000000 | PA      | $1170609.57   | 0.29%             | 2031-02-28      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| MADISON OH LOCAL SCH DIST RICH                     | Madison Local School District, Richland County, Ohio, School Improvement, Taxable Qualified School C | CUSIP: 558090HQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504625.00   | 0.62%             | 2029-12-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch | Canadian Imperial Bank of Commerce                                                                   | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |   -951716 | PA      | $-951716.00   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER                            | Reinsurance Group of America, Inc.                                                                   | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203722.00    | 0.05%             | 2055-09-15      | Variable      | 6.65%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -306817 | PA      | $-306816.58   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC                           | Encore Capital Group, Inc.                                                                           | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |    500000 | PA      | $527944.68    | 0.13%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                                        | City of New York New York General Obligation Unlimited                                               | CUSIP: 64966SNJ1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4163138.80   | 1.02%             | 2055-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK, Inc.                                                                                          | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    925000 | PA      | $903725.67    | 0.22%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                        | FIGRE Trust                                                                                          | CUSIP: 31684HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211483 | PA      | $216230.70    | 0.05%             | 2054-03-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| ITT HOLDINGS LLC                                   | ITT Holdings LLC                                                                                     | CUSIP: 45074JAA2<br>LEI: 549300TH2PHOLK31LB42 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1225373.25   | 0.30%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP SF MTGE                       | Kentucky Housing Corp. Revenue Bonds                                                                 | CUSIP: 491309GY0<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    490000 | PA      | $480722.39    | 0.12%             | 2055-01-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                     | Whirlpool Corp.                                                                                      | CUSIP: 963320AZ9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92889.78     | 0.02%             | 2032-05-14      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -7413662 | PA      | $-7413661.74  | -1.82%            |  |  |  | No            |                  2 | On Loan: No      |
| OAKLAND CA UNIF SCH DIST ALAME                     | Oakland Unified School District, County of Alameda, California, Taxable General Obligation Bonds, El | CUSIP: 672325WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10059231.00  | 2.47%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                             | Commonwealth Bank of Australia                                                                       | CUSIP: 202712BX2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    450000 | PA      | $455735.13    | 0.11%             | 2046-03-14      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| STEEL DYNAMICS INC                                 | Steel Dynamics, Inc.                                                                                 | CUSIP: 858119BT6<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974995.83    | 0.24%             | 2055-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORENO VLY CA UNIF SCH DIST                        | Moreno Valley Unified School District General Obligation Unlimited                                   | CUSIP: 616871MF3<br>LEI: 549300G4WBO7HSZKUD51 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1612801.00   | 0.40%             | 2044-08-01      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $397786.20    | 0.10%             | 2037-10-19      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN                           | Jefferies Finance LLC / JFIN Company-Issuer Corp.                                                    | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1455688.95   | 0.36%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUXEY BIDCO LTD                                    | Alexander Mann                                                                                       | CUSIP: N/A<br>LEI: 213800NC9KFDXTICTU17       | Long             | LON              | CORP              | GB        |    982500 | PA      | $933375.00    | 0.23%             | 2027-06-29      | Variable      | 10.46%                | No            |                  2 | On Loan: No      |
| KENTUCKY ST HSG CORP SF MTGE                       | Kentucky Housing Corp. Revenue Bonds                                                                 | CUSIP: 491309MJ6<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503948.90    | 0.12%             | 2050-07-01      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                          | Amgen, Inc.                                                                                          | CUSIP: 031162DG2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $924694.96    | 0.23%             | 2062-02-22      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AP GRANGE HOLDINGS LLC                             | AP Grange Holdings LLC                                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | KY        |    131133 | PA      | $131132.65    | 0.03%             | 2045-03-20      | Fixed         | 6.50%                 | No            |                  3 | On Loan: No      |
| Firstkey Homes Trust                               | FirstKey Homes Trust                                                                                 | CUSIP: 33767JBC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $397612.84    | 0.10%             | 2037-10-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| QUALITYTECH LP                                     | QTS Corp.                                                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1930139.75   | 0.47%             | 2032-08-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SF MTG                     | Idaho Housing & Finance Association Revenue Bonds                                                    | CUSIP: 45129Y7Y6<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   4155000 | PA      | $4065708.63   | 1.00%             | 2049-07-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -961860 | PA      | $-961859.62   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| TUFTS MEDICAL CTR INC                              | Tufts Medical Center, Inc.                                                                           | CUSIP: 899042AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1606956.87   | 0.39%             | 2038-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MED CENTER MS EDUCTNL BLDG COR                     | Medical Center Educational Building Corp. Revenue Bonds                                              | CUSIP: 584556GW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3441431.70   | 0.85%             | 2041-06-01      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                             | Switch ABS Issuer LLC                                                                                | CUSIP: 871044AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152906.91    | 0.04%             | 2054-03-25      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                     | Whirlpool Corp.                                                                                      | CUSIP: 963320AX4<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |     50000 | PA      | $37190.36     | 0.01%             | 2050-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -5664038 | PA      | $-5664038.03  | -1.39%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -609794 | PA      | $-609793.63   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC             | Integrated Power Services Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: 254900XZHU62GSCKCC41       | Long             | LON              | CORP              | US        |    193166 | PA      | $192720.08    | 0.05%             | 2028-11-22      | Variable      | 9.18%                 | No            |                  3 | On Loan: No      |
| CITADEL SECURITIES GLOBAL HOLDINGS LLC             | Citadel Securities, LP                                                                               | CUSIP: N/A<br>LEI: 549300NV5RXBUS3X7L47       | Long             | LON              | CORP              | US        |    972710 | PA      | $974937.41    | 0.24%             | 2031-10-31      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| NUVEEN LLC                                         | Nuveen LLC                                                                                           | CUSIP: 67080LAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1045832.28   | 0.26%             | 2034-04-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| MERLIN BUYER INC                                   | Merlin Buyer, Inc.                                                                                   | CUSIP: N/A<br>LEI: 2549008CJ699WXZAWW31       | Long             | LON              | CORP              | US        |    294724 | PA      | $291776.38    | 0.07%             | 2028-12-14      | Variable      | 9.05%                 | No            |                  3 | On Loan: No      |
| US TREASURY N/B                                    | U.S. Treasury Notes                                                                                  | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    860000 | PA      | $889428.13    | 0.22%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -2190976 | PA      | $-2190976.06  | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                      | Boeing Co.                                                                                           | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    510000 | PA      | $558524.61    | 0.14%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| ARMOR PARENT CORP                                  | Accuride Corp.                                                                                       | CUSIP: N/A<br>LEI: 549300MC6XO5P96H8E79       | Long             | LON              | CORP              | US        |    292420 | PA      | $549581.58    | 0.14%             | 2030-03-07      | Variable      | 4.40%                 | No            |                  3 | On Loan: No      |
| LPL HOLDINGS INC                                   | LPL Holdings, Inc.                                                                                   | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    220000 | PA      | $227314.01    | 0.06%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SCIL IV LLC / SCIL USA H                           | SCIL IV LLC / SCIL USA Holdings LLC                                                                  | CUSIP: 78397UAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $595948.92    | 0.15%             | 2026-11-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY HLTHCARE C                     | Westchester County Health Care Corporation, Revenue Bonds, Taxable Build America Bonds               | CUSIP: 957366BR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10010000 | PA      | $9416221.82   | 2.31%             | 2040-11-01      | Fixed         | 8.57%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -3365919 | PA      | $-3365918.55  | -0.83%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                   | ArcelorMittal S.A.                                                                                   | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    900000 | PA      | $938937.59    | 0.23%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -211803 | PA      | $-211802.79   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -540369 | PA      | $-540369.03   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| OHIO EDISON CO                                     | Ohio Edison Co.                                                                                      | CUSIP: 677347CH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    950000 | PA      | $979517.61    | 0.24%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                         | FedEx Corp.                                                                                          | CUSIP: 31428XCS3<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |     70000 | PA      | $53328.94     | 0.01%             | 2045-02-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -908472 | PA      | $-908472.43   | -0.22%            |  |  |  | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                 | Thunderbird A                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6530090.00   | 1.60%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -977344 | PA      | $-977344.03   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| MERLIN BUYER INC                                   | Merlin Buyer, Inc.                                                                                   | CUSIP: N/A<br>LEI: 2549008CJ699WXZAWW31       | Long             | LON              | CORP              | US        |    564970 | PA      | $559557.36    | 0.14%             | 2028-12-14      | Variable      | 8.30%                 | No            |                  2 | On Loan: No      |
| SUNRISE FINCO I BV                                 | Sunrise FinCo I B.V.                                                                                 | CUSIP: 90320BAA7<br>LEI: 213800MNFBDEQRS6HZ22 | Long             | DBT              | CORP              | NL        |    700000 | PA      | $668822.00    | 0.16%             | 2031-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                            | American National Group, Inc.                                                                        | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |    550000 | PA      | $567896.41    | 0.14%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLVII LLC                                                                      | CUSIP: 156945AE7<br>LEI: 635400CIDEC6DQX2EU90 | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1202908.20   | 0.30%             | 2036-07-15      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -980357 | PA      | $-980357.21   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas                                        | BNP Paribas                                                                                          | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Short            | RA               | CORP              | FR        |   -231035 | PA      | $-231035.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                                   | OWL Rock Clo XXI LLC                                                                                 | CUSIP: 69120UAC7<br>LEI: 2549000CE1W4KBWC2X49 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $604526.40    | 0.15%             | 2034-07-24      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| BAYLOR COLLEGE OF MEDIC                            | Baylor College of Medicine                                                                           | CUSIP: 07284RAA0<br>LEI: 5493006UKJHZXSM3H989 | Long             | DBT              | CORP              | US        |    600000 | PA      | $555494.17    | 0.14%             | 2046-11-15      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -681392 | PA      | $-681391.89   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| BLUE OWL GP STAKES V ISSUER                        | Blue Owl Capital GP LLC                                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    375750 | PA      | $391422.53    | 0.10%             | 2043-08-22      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| HYATT HOTELS CORP                                  | Hyatt Hotels Corp.                                                                                   | CUSIP: 448579AJ1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1144674.18   | 0.28%             | 2030-04-23      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CORVIAS MILITARY LIVING LLC                        | Homestead Spe Issuer LLC                                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1013420.00   | 0.25%             | 2055-04-01      | Fixed         | 7.21%                 | No            |                  3 | On Loan: No      |
| GARLAND TX ELEC UTILITY SYS RE                     | City of Garland Texas Electric Utility System Revenue Bonds                                          | CUSIP: 366133SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $1611641.28   | 0.40%             | 2051-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK, Inc.                                                                                          | CUSIP: 682680CG6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $955889.56    | 0.23%             | 2064-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PIERCE CNTY WA SWR REVENUE                         | County of Pierce Washington Sewer Revenue Bonds                                                      | CUSIP: 720653QG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $3213347.00   | 0.79%             | 2042-08-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -3923171 | PA      | $-3923170.74  | -0.96%            |  |  |  | No            |                  2 | On Loan: No      |
| Owl Rock CLO Ltd                                   | Owl Rock CLO I LLC                                                                                   | CUSIP: 69121XAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1060708.01   | 0.26%             | 2036-02-20      | Floating      | 8.45%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                           | OBX Trust                                                                                            | CUSIP: 67448NAD0<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $756576.15    | 0.19%             | 2064-01-25      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| SAN JOSE CA EVERGREEN CMNTY CL                     | San Jose Evergreen Community College District General Obligation Unlimited                           | CUSIP: 798189RS7<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1082407.50   | 0.27%             | 2045-09-01      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| BCP V MODULAR SERVICES FINANCE PLC                 | BCP V Modular Services Finance II plc                                                                | CUSIP: N/A<br>LEI: 213800K8U94KVZL98H64       | Long             | DBT              | CORP              | GB        |    750000 | PA      | $948755.70    | 0.23%             | 2028-10-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MSC MEDITERRANEAN SHIPPING CO SA                   | Terminal Investment Limited Holding                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $990570.00    | 0.24%             | 2040-10-01      | Fixed         | 6.23%                 | No            |                  3 | On Loan: No      |
| AMFAM HOLDINGS INC                                 | AmFam Holdings, Inc.                                                                                 | CUSIP: 03115AAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3197000 | PA      | $2016982.76   | 0.50%             | 2051-03-11      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| EVANSVILLE-VANDERBURGH IN INDE                     | Evansville-Vanderburgh School Building Corp. Revenue Bonds                                           | CUSIP: 299620EW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8690000 | PA      | $8707565.97   | 2.14%             | 2030-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -196515 | PA      | $-196515.15   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Datix Bidco Ltd.                                   | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |   -140000 | PA      | $0.00         | 0.00%             | 2031-04-25      | Variable      | 1.00%                 | No            |                  3 | On Loan: No      |
| DOGWOOD TERM LOANS                                 | Dogwood State Bank                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2011720.00   | 0.49%             | 2032-06-24      | Fixed         | 6.45%                 | No            |                  3 | On Loan: No      |
| AQUILA FDG LLC FDG_24-1                            | Endo Luxembourg Finance Co I SARL / Endo US, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1034030.00   | 0.25%             | 2045-09-30      | Fixed         | 7.40%                 | No            |                  3 | On Loan: No      |
| SYMETRA LIFE INSURANCE                             | Symetra Life Insurance Co.                                                                           | CUSIP: 87151KAA7<br>LEI: 2CKADF5K7JYB5EG0VY36 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152468.88    | 0.04%             | 2055-10-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| CEAMER FINANCE LLC                                 | Ceamer Finance LLC                                                                                   | CUSIP: N/A<br>LEI: 549300KGM6NOF0Q0GA88       | Long             | ABS-O            | CORP              | US        |    762000 | PA      | $784684.47    | 0.19%             | 2037-11-15      | Fixed         | 6.92%                 | No            |                  3 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |  -1811993 | PA      | $-1811992.86  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -442627 | PA      | $-442626.81   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| YAK BLOCKER 2 LLC                                  | YAK BLOCKER 2 LLC                                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      4791 | NS      | $3878.14      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -5639146 | PA      | $-5639146.24  | -1.39%            |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -803375 | PA      | $-803375.43   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| Pershing Square Holdings, Ltd.                     | Pershing Square SPARC Holdings, Ltd.                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     11865 | NS      | $1.19         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| KEENAN FT DETRICK ENERGY                           | Keenan Fort Detrick Energy LLC                                                                       | CUSIP: 487312AD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $788833.00    | 0.19%             | 2048-11-15      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| CEAMER FINANCE III LLC                             | Ceamer Finance LLC                                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |    289565 | PA      | $295533.26    | 0.07%             | 2039-11-15      | Fixed         | 6.79%                 | No            |                  3 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -737810 | PA      | $-737809.95   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| THUNDERBIRD 2022-1                                 | Lightning A                                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6530090.00   | 1.60%             | 2037-03-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| ALEXANDER FUND TRUST II                            | Alexander Funding Trust II                                                                           | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $963726.98    | 0.24%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Jol Air                                            | JOL Air Ltd.                                                                                         | CUSIP: 46651NAA2<br>LEI: 549300TS4MUGCDXPW498 | Long             | ABS-O            | CORP              | KY        |    699883 | PA      | $694753.14    | 0.17%             | 2044-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                | Hotwire Funding LLC                                                                                  | CUSIP: 44148HAE3<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |   1900000 | PA      | $1958949.21   | 0.48%             | 2053-05-20      | Fixed         | 8.84%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                           | Rogers Communications, Inc.                                                                          | CUSIP: 775109CJ8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $984144.61    | 0.24%             | 2042-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SOLERA CORP                                        | Polaris Newco LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Long             | LON              | CORP              | US        |    606727 | PA      | $595139.32    | 0.15%             | 2026-06-04      | Variable      | 7.94%                 | No            |                  3 | On Loan: No      |
| LKQ CORP                                           | LKQ Corp.                                                                                            | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1004599.99   | 0.25%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BECLE SA DE CV                                     | Becle, SAB de CV                                                                                     | CUSIP: 07586PAA9<br>LEI: 529900JY55CZKMJLCE09 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $169818.80    | 0.04%             | 2031-10-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AASET 2021-2 Trust                                 | AASET Trust                                                                                          | CUSIP: 00258BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    333512 | PA      | $314104.90    | 0.08%             | 2047-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| DALLAS TX CONVENTION CENTER HO                     | Dallas, Texas, Convention Center Hotel Development Corporation, Hotel Revenue Bonds, Taxable Build A | CUSIP: 235417AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10020000 | PA      | $11185243.84  | 2.75%             | 2042-01-01      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                    | CMS Energy Corp.                                                                                     | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    340000 | PA      | $346814.62    | 0.09%             | 2055-06-01      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL                     | Aligned Data Centers Issuer LLC                                                                      | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $972383.60    | 0.24%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA SCH DIST                           | School District of Philadelphia, Pennsylvania, General Obligation Bonds, Series 2011A, Qualified Sch | CUSIP: 717883LV2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |  10330000 | PA      | $10949590.30  | 2.69%             | 2030-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                        | Illinois, General Obligation Bonds, Taxable Build America Bonds                                      | CUSIP: 452152GS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3571429 | PA      | $3907126.79   | 0.96%             | 2035-07-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Hotwire Funding LLC                                | Hotwire Funding LLC                                                                                  | CUSIP: 44148JAK5<br>LEI: 254900ZCO90MCT7Y9348 | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $102279.75    | 0.03%             | 2054-06-20      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -9917227 | PA      | $-9917227.29  | -2.44%            |  |  |  | No            |                  2 | On Loan: No      |
| ARDIAN FRANCE SA                                   | Florida Food Products LLC                                                                            | CUSIP: N/A<br>LEI: 254900J6FNIX7DTKUV52       | Long             | LON              | CORP              | US        |    431550 | PA      | $289138.39    | 0.07%             | 2028-10-18      | Variable      | 9.56%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                           | United Wholesale Mortgage LLC                                                                        | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1098801.33   | 0.27%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BELVOIR LAND LLC                                   | Belvoir Land LLC                                                                                     | CUSIP: 081331AH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $489896.50    | 0.12%             | 2035-12-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DATIX BIDCO LIMITED                                | Datix Bidco Ltd.                                                                                     | CUSIP: N/A<br>LEI: 9845006BT9AF870CZ249       | Short            | LON              | CORP              | US        |   -110500 | PA      | $-11441.56    | -0.00%            | 2030-10-25      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLVI, LP                                                                       | CUSIP: 15675BAC1<br>LEI: 635400QFSCXQUKSANU86 | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $953258.88    | 0.23%             | 2036-07-15      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                               | Wabash National Corp.                                                                                | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |    500000 | PA      | $458889.35    | 0.11%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LBJ INFRASTRUCTURE GROUP                           | LBJ Infrastructure Group LLC                                                                         | CUSIP: 50203UAA1<br>LEI: 254900DEJSU2OQFZWQ97 | Long             | DBT              | CORP              | US        |   5985000 | PA      | $4049069.10   | 1.00%             | 2057-12-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -926719 | PA      | $-926718.75   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| AMC NETWORKS INC                                   | AMC Networks, Inc.                                                                                   | CUSIP: 00164VAK9<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    950000 | PA      | $981150.50    | 0.24%             | 2032-07-15      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| EVERGREEN ACQCO/TVI INC                            | Evergreen Acqco 1 Limited Partnership / TVI, Inc.                                                    | CUSIP: 30015DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    435000 | PA      | $453183.44    | 0.11%             | 2028-04-26      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                            | Nationwide Building Society                                                                          | CUSIP: 63861VAN7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    650000 | PA      | $662160.50    | 0.16%             | 2036-07-14      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                                 | Kennedy-Wilson, Inc.                                                                                 | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1073611.86   | 0.26%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -806919 | PA      | $-806919.00   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES US PARENT LP                      | Scientific Games Corp.                                                                               | CUSIP: N/A<br>LEI: 549300W5GPFXXB6TQ330       | Long             | LON              | CORP              | US        |    595500 | PA      | $588675.57    | 0.14%             | 2029-04-04      | Variable      | 7.29%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU                     | Florida Housing Finance Corp. Revenue Bonds                                                          | CUSIP: 34074MY70<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1189942.26   | 0.29%             | 2038-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OXNARD CA SCH DIST                                 | Oxnard School District General Obligation Unlimited                                                  | CUSIP: 692020U99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $1353617.90   | 0.33%             | 2044-08-01      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| MIRABELA NICKEL LTD                                | Mirabela Nickel Ltd.                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | AU        |     96316 | PA      | $240.79       | 0.00%             | 2019-06-24      | Variable      | 9.50%                 | Yes           |                  3 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -2528080 | PA      | $-2528080.34  | -0.62%            |  |  |  | No            |                  2 | On Loan: No      |
| FIRST BRANDS GROUP HOLDINGS LLC                    | First Brands Group LLC                                                                               | CUSIP: N/A<br>LEI: 2549005IXRZR7KSBJD91       | Long             | LON              | CORP              | US        |    765037 | PA      | $726784.81    | 0.18%             | 2027-03-30      | Variable      | 9.57%                 | No            |                  2 | On Loan: No      |
| Cerberus                                           | Cerberus Loan Funding XLII LLC                                                                       | CUSIP: 15675CAE5<br>LEI: 635400CIKKARDIZZL727 | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1250000.00   | 0.31%             | 2035-09-13      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                          | Boeing Co.                                                                                           | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    329000 | PA      | $234300.24    | 0.06%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ACCIDENT FUND INS CO AM                            | Accident Fund Insurance Company of America                                                           | CUSIP: 00452AAA8<br>LEI: 2549009NUX96RJZ6DQ30 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1742481.84   | 0.43%             | 2032-08-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| RECESS HOLDINGS INC                                | Recess Holdings, Inc.                                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    890021 | PA      | $893919.56    | 0.22%             | 2030-02-20      | Variable      | 8.07%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce, Toronto Branch | Canadian Imperial Bank of Commerce                                                                   | CUSIP: N/A<br>LEI: 2IGI19DL77OX0HC3ZE78       | Short            | RA               | CORP              | CA        |  -1847104 | PA      | $-1847104.00  | -0.45%            |  |  |  | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -1391313 | PA      | $-1391312.75  | -0.34%            |  |  |  | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                                  | Amsted Industries, Inc.                                                                              | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51214.25     | 0.01%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |  -2109335 | PA      | $-2109334.70  | -0.52%            |  |  |  | No            |                  2 | On Loan: No      |
| FTAI AIRCRAFT LEASING SPV 2025 LP                  | FTAI Aircraft                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1160467 | NS      | $1160467.00   | 0.29%             |  |  |  | No            |                  3 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -337184 | PA      | $-337184.24   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac Military Housing B                     | Freddie Mac Military Housing Bonds Resecuritization Trust Certificates                               | CUSIP: 35563CAB4<br>LEI: 549300ZG8WH0M4JSUM77 | Long             | ABS-MBS          | USGSE             | US        |   6574893 | PA      | $369056.63    | 0.09%             | 2055-11-25      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                                   | Enstar Group Ltd.                                                                                    | CUSIP: 29359UAD1<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |    500000 | PA      | $521084.00    | 0.13%             | 2045-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                            | TRTX Issuer Ltd.                                                                                     | CUSIP: 897764AE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    900000 | PA      | $891887.58    | 0.22%             | 2042-09-18      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                              | McGraw-Hill Education, Inc.                                                                          | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    850000 | PA      | $867161.50    | 0.21%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                           | Venture Global Calcasieu Pass LLC                                                                    | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208272.20    | 0.05%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                           | Warnermedia Holdings, Inc.                                                                           | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    161000 | PA      | $100191.91    | 0.02%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                              | Brooklyn Union Gas Co.                                                                               | CUSIP: 114259AX2<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2131938.52   | 0.52%             | 2033-09-15      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -974975 | PA      | $-974974.93   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| INTEGRATED POWER SERVICES HOLDINGS INC             | Integrated Power Services Holdings, Inc.                                                             | CUSIP: N/A<br>LEI: 254900XZHU62GSCKCC41       | Long             | LON              | CORP              | US        |    193467 | PA      | $193020.45    | 0.05%             | 2028-11-22      | Variable      | 8.93%                 | No            |                  3 | On Loan: No      |
| MARYLAND CMNTY DEV ADMIN HSG &                     | Maryland Department of Housing & Community Development Revenue Bonds                                 | CUSIP: 57419UVF2<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010349.00   | 0.25%             | 2045-09-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -2061771 | PA      | $-2061771.00  | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH CMWLT                     | Virginia Housing Development Authority Revenue Bonds                                                 | CUSIP: 92812U5G9<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1662583.34   | 0.41%             | 2049-10-01      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Navigator Aircraft ABS LLC                         | Navigator Aircraft ABS Ltd.                                                                          | CUSIP: 63943BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    875340 | PA      | $829485.16    | 0.20%             | 2046-11-15      | Variable      | 2.77%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                         | Hasbro, Inc.                                                                                         | CUSIP: 418056BA4<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    350000 | PA      | $364249.12    | 0.09%             | 2034-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| GINKGO BIOWORKS HOLDINGS INC                       | Ginkgo Bioworks Holdings, Inc.                                                                       | CUSIP: 37611X118<br>LEI: N/A                  | N/A              | DE               |  | US        |      9372 | NS      | $121.84       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                     | Massachusetts Development Finance Agency Revenue Bonds                                               | CUSIP: 57584YD30<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1523098.80   | 0.37%             | 2046-10-01      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                             | Equitable Holdings, Inc.                                                                             | CUSIP: 29452E408<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EP               | CORP              | US        |    140000 | NS      | $2429000.00   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -710986 | PA      | $-710985.55   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLETE INC                                         | ALLETE, Inc.                                                                                         | CUSIP: N/A<br>LEI: 549300NNLSIMY6Z8OT86       | Long             | DBT              | CORP              | US        |    350000 | PA      | $353902.50    | 0.09%             | 2037-07-09      | Fixed         | 5.79%                 | No            |                  3 | On Loan: No      |
| SOLERA CORP                                        | Polaris Newco LLC                                                                                    | CUSIP: N/A<br>LEI: 254900LEPDAG7EDOA064       | Short            | LON              | CORP              | US        |  -1342107 | PA      | $-25633.07    | -0.01%            | 2026-06-04      | Variable      | 0.38%                 | No            |                  3 | On Loan: No      |
| ROCKET COS INC                                     | Rocket Companies, Inc.                                                                               | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $155658.76    | 0.04%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                           | Occidental Petroleum Corp.                                                                           | CUSIP: 674599DP7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2047772.00   | 0.50%             | 2027-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GRAFTECH INTERNATIONAL LTD.                        | GrafTech Finance, Inc.                                                                               | CUSIP: N/A<br>LEI: 1Z010BU876CF2HDBIN43       | Long             | LON              | CORP              | US        |    316054 | PA      | $320203.99    | 0.08%             | 2029-12-21      | Variable      | 10.32%                | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1071818 | PA      | $-1071818.00  | -0.26%            |  |  |  | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                 | Subway Funding LLC                                                                                   | CUSIP: 864300AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    942875 | PA      | $970411.66    | 0.24%             | 2054-07-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                              | Universal Health Services, Inc.                                                                      | CUSIP: 913903BA7<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1118943.12   | 0.28%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PUBLIC FIN AUTH REV                     | California Public Finance Authority Revenue Bonds                                                    | CUSIP: 13057EEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4800000 | PA      | $3413599.20   | 0.84%             | 2043-10-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| TOTAL WEBHOSTING SOLUTIONS BV                      | Total Webhosting Solutions BV                                                                        | CUSIP: N/A<br>LEI: 98450055H0892EDCB847       | Long             | LON              | CORP              | NL        |   1000000 | PA      | $1174388.67   | 0.29%             | 2031-11-06      | Variable      | 5.90%                 | No            |                  2 | On Loan: No      |
| Start Ltd.                                         | Start Ltd.                                                                                           | CUSIP: 85572RAA7<br>LEI: 549300VIQYFIDJQCKZ43 | Long             | ABS-O            | CORP              | BM        |    520201 | PA      | $519940.65    | 0.13%             | 2043-05-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SF MTG                     | Idaho Housing & Finance Association Revenue Bonds                                                    | CUSIP: 45129Y5P7<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1701147.93   | 0.42%             | 2049-07-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                 | Vodafone Group plc                                                                                   | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $853007.74    | 0.21%             | 2081-06-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA SCH DIST                             | Pittsburgh, Pennsylvania, School District, Taxable Qualified School Construction Bonds               | CUSIP: 725277DR5<br>LEI: 549300DCE2NGMJO6P377 | Long             | DBT              | MUN               | US        |   6895000 | PA      | $7504198.76   | 1.84%             | 2029-09-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1914003 | PA      | $-1914002.92  | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH SF                      | Colorado Housing and Finance Authority Revenue Bonds                                                 | CUSIP: 19648GHU9<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1255837.38   | 0.31%             | 2039-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                               | Flutter Treasury Designated Activity Co.                                                             | CUSIP: 344045AA7<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $1035935.00   | 0.25%             | 2029-04-29      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TD SECURITIES (USA) LLC                            | TD Securities (USA) LLC                                                                              | CUSIP: N/A<br>LEI: SUVUFHICNZMP2WKHG940       | Short            | RA               | CORP              | US        |   -922551 | PA      | $-922550.79   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                                 | Macquarie Bank Ltd.                                                                                  | CUSIP: 556079AD3<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1200000 | PA      | $1081686.35   | 0.27%             | 2036-03-03      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| BXHPP Trust                                        | BXHPP Trust                                                                                          | CUSIP: 05609JAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1130318.75   | 0.28%             | 2036-08-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| PROV ST JOSEPH HLTH OBL                            | Providence St. Joseph Health Obligated Group                                                         | CUSIP: 743820AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2562462.03   | 0.63%             | 2032-10-01      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US                      | GoldenTree Loan Management US CLO 24 Ltd.                                                            | CUSIP: 38139WAA1<br>LEI: 254900PS1VHPJR2OTF82 | Long             | ABS-O            | CORP              | KY        |    450000 | PA      | $449232.44    | 0.11%             | 2038-10-20      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| SK INVICTUS INTERMEDIATE                           | SK Invictus Intermediate II SARL                                                                     | CUSIP: 29977LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    700000 | PA      | $685905.50    | 0.17%             | 2029-10-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                | Dominion Energy, Inc.                                                                                | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201943.50    | 0.05%             | 2056-02-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| CURATORS OF THE UNIV OF MISSOU                     | Curators of the University of Missouri Revenue Bonds                                                 | CUSIP: 231266GC5<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1794257.86   | 0.44%             | 2041-11-01      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |  -1686285 | PA      | $-1686285.00  | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                            | American National Group, Inc.                                                                        | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |     19000 | NS      | $482600.00    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                   | HF Sinclair Corp.                                                                                    | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1028950.11   | 0.25%             | 2035-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                            | CARS-DB7, LP                                                                                         | CUSIP: 12510HAT7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    979167 | PA      | $989076.62    | 0.24%             | 2053-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                                  | Xerox Corp.                                                                                          | CUSIP: 984121CS0<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |    450000 | PA      | $466957.80    | 0.11%             | 2030-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                           | Mill City Securities Ltd.                                                                            | CUSIP: 599920AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    709202 | PA      | $657075.98    | 0.16%             | 2069-11-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST HSG & FIN ASSN SF MTG                     | Idaho Housing & Finance Association Revenue Bonds                                                    | CUSIP: 45130BBB8<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013365.80   | 0.25%             | 2045-07-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC.                              | BofA Securities, Inc.                                                                                | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Short            | RA               | CORP              | US        |   -952242 | PA      | $-952242.26   | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| MN8 ENERGY INC                                     | MN8 Portfolio IV LLC                                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    400000 | PA      | $401904.00    | 0.10%             | 2045-07-30      | Fixed         | 6.31%                 | No            |                  3 | On Loan: No      |
| CLIFFWATER LLC                                     | Cliffwater LLC                                                                                       | CUSIP: N/A<br>LEI: N/A                        | Short            | LON              | CORP              | US        |    -30000 | PA      | $0.00         | 0.00%             | 2032-03-19      | Variable      | 0.50%                 | No            |                  3 | On Loan: No      |
| RBC Capital Markets, LLC                           | RBC Capital Markets LLC                                                                              | CUSIP: N/A<br>LEI: 549300LCO2FLSSVFFR64       | Short            | RA               | CORP              | US        |   -649633 | PA      | $-649633.00   | -0.16%            |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization                     | AASET Trust                                                                                          | CUSIP: 00255JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    561535 | PA      | $582108.03    | 0.14%             | 2049-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI                     | Dallas Fort Worth International Airport Revenue Bonds                                                | CUSIP: 23503CAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $6145072.56   | 1.51%             | 2051-11-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| BP HOLDCO LLC                                      | BP Holdco LLC                                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15619 | NS      | $12767.63     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

**Signature:** James Howley

**Name of Signer:** James Howley

**Title:** CFO