# EDGAR Filing Document

**Accession Number:** 0000885709
**File Stem:** 0001752724-23-073308
**Filing Date:** 2023-3
**Character Count:** 98635
**Document Hash:** d95b15ccccfcf096cea1da7fd1c6961c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-073308.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001752724-23-073308

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **CENTRAL INDEX KEY:** 0000885709
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06625
- **FILM NUMBER:** 23778185

**BUSINESS ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071
- **BUSINESS PHONE:** 2136251900

**MAIL ADDRESS:**
- **STREET 1:** 333 S GRAND AVE
- **STREET 2:** 40TH FL
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDENFUNDS
- **DATE OF NAME CHANGE:** 20010423

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAYDEN & RYGEL INVESTMENT GROUP
- **DATE OF NAME CHANGE:** 19940104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** P&R INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### Payden Global Low Duration Fund (Series ID: S000011764)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000032189 | Payden Global Low Duration Fund (Investor Class) | PYGSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PAYDEN & RYGEL INVESTMENT GROUP

- **b. Investment Company Act file number:** 811-06625

- **c. CIK number of Registrant:** 0000885709

- **d. LEI of Registrant:** 549300QJNYRKYZS3P282

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

  - **Street Address 1:** 333 South Grand Avenue

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90071

  - **Telephone number:** 213-625-1900

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

- **a. Name of Series:** Payden Global Low Duration Fund

- **b. EDGAR series identifier (if any):** S000011764

- **c. LEI of Series:** UZ2KMUE2JVI820YEJ784

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $75467454.88

**Total Liabilities:** $103309.38

**Net Assets:** $75364145.50

**Cash Not Reported:** $1200290.72

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 16.56967310 | **1-Year:** 395.49288620 | **5-Year:** 5192.00000000 | **10-Year:** 464.95452010 | **30-Year:** 2432.00000000

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

- **3-Month:** 1.54524755 | **1-Year:** 830.49204830 | **5-Year:** 295.28872620 | **10-Year:** 109.58208050 | **30-Year:** 1129.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032189 | 0.68%                | 0.38%                | 1.12%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-62325.61               | $470794.99                                 |
| Month 2  | $-38793.40               | $122085.92                                 |
| Month 3  | $-19567.67               | $607317.59                                 |

**Designated Index Information**

- **Index Name:** N/A

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AKER BP ASA                                 | Aker BP ASA                                                           | CUSIP: 00973RAG8<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    250000 | PA      | $235939.64    | 0.31%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| STELLANTIS NV                               | Stellantis NV                                                         | CUSIP: 31562QAF4<br>LEI: 549300LKT9PW7ZIBDF31 | Long             | DBT              | CORP              | NL        |    310000 | PA      | $309694.65    | 0.41%             | 2023-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust             | CUSIP: 00774MAU9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    280000 | PA      | $262045.81    | 0.35%             | 2024-10-29      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| TRI POINTE GROUP / HOMES                    | TRI Pointe Group Inc / TRI Pointe Homes Inc                           | CUSIP: 962178AN9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $69837.95     | 0.09%             | 2024-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.            | CME 3 Month Eurodollar                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              | CORP              | US        |        34 | NC      | $-351739.74   | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK                      | Canadian Imperial Bank of Commerce                                    | CUSIP: 13607H6M9<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $295365.00    | 0.39%             | 2025-08-04      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd                             | Barings CLO Ltd 2013-I                                                | CUSIP: 06760EAA4<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |    180975 | PA      | $180030.78    | 0.24%             | 2028-01-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Greystone Commercial Real Esta              | Greystone CRE Notes 2021-HC2 LTD                                      | CUSIP: 39809XAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244649.50    | 0.32%             | 2039-12-15      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-c                      | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286409 | PA      | $251426.55    | 0.33%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2020-HQA1                               | CUSIP: 35565JAH4<br>LEI: 549300TCRXCIFPAC3B85 | Long             | ABS-MBS          | CORP              | US        |     40874 | PA      | $40786.80     | 0.05%             | 2050-01-25      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                    | Ford Motor Credit Co LLC                                              | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196778.92    | 0.26%             | 2025-06-16      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru              | OneMain Financial Issuance Trust 2022-2                               | CUSIP: 68268VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $395017.28    | 0.52%             | 2034-10-14      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                           | Golub Capital BDC Inc                                                 | CUSIP: 38173MAA0<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |    135000 | PA      | $131011.29    | 0.17%             | 2024-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, NA - CACL              | JPMorgan Chase Bank NA - CACLN                                        | CUSIP: 48128U2N8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    342322 | PA      | $328318.55    | 0.44%             | 2028-12-26      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                   | iStar Inc                                                             | CUSIP: 45031UCF6<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39810.00     | 0.05%             | 2024-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | STACR Trust 2018-HRP1                                                 | CUSIP: 3137G0VC0<br>LEI: 549300D2VO9JVX6KU482 | Long             | ABS-MBS          | CORP              | US        |     45516 | PA      | $45517.96     | 0.06%             | 2043-04-25      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                    | Volkswagen Group of America Finance LLC                               | CUSIP: 928668BJ0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    355000 | PA      | $342625.91    | 0.45%             | 2023-11-22      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                | Drive Auto Receivables Trust 2020-1                                   | CUSIP: 26208QAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13008 | PA      | $12995.13     | 0.02%             | 2026-03-16      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                         | FS KKR Capital Corp                                                   | CUSIP: 30313RAA7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    245000 | PA      | $231534.60    | 0.31%             | 2025-02-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Fannie Mae Connecticut Avenue Securities                              | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $663548.41    | 0.88%             | 2041-11-25      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| BELL CDA DISC COML 0 CP                     | BELL CDA DISC COML 0 CP                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $749143.50    | 0.99%             | 2023-02-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                     | CARS-DB5 LP                                                           | CUSIP: 12510HAK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    471949 | PA      | $411399.65    | 0.55%             | 2051-08-15      | Fixed         | 1.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-R06                          | CUSIP: 20754JAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3127 | PA      | $3127.31      | 0.00%             | 2039-09-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                               | Citigroup Inc                                                         | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269342.61    | 0.36%             | 2026-09-29      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Stacr Remic Trust 2020-DNA1                               | CUSIP: 35565HAH8<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-MBS          | CORP              | US        |     25383 | PA      | $25329.04     | 0.03%             | 2050-01-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                | Barclays PLC                                                          | CUSIP: 06738EBQ7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    205000 | PA      | $197294.43    | 0.26%             | 2024-12-10      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| OWL ROCK TECHNOLOGY FINA                    | Owl Rock Technology Finance Corp                                      | CUSIP: 691205AE8<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |     85000 | PA      | $75197.65     | 0.10%             | 2026-06-17      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178549.64    | 0.24%             | 2026-07-17      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                          | Royalty Pharma PLC                                                    | CUSIP: 78081BAG8<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    255000 | PA      | $248583.99    | 0.33%             | 2023-09-02      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                  | CUSIP: 06051GKM0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    345000 | PA      | $333817.93    | 0.44%             | 2026-04-02      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                         | CommonSpirit Health                                                   | CUSIP: 20268JAK9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |    190000 | PA      | $198192.58    | 0.26%             | 2027-11-01      | Fixed         | 6.07%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                    | Sumitomo Mitsui Financial Group Inc                                   | CUSIP: 86562MBT6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $480279.43    | 0.64%             | 2024-09-27      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP                     | Penske Automotive Group Inc                                           | CUSIP: 70959WAJ2<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |     70000 | PA      | $66372.25     | 0.09%             | 2025-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATL SEC CLEARING CORP 0 CP 06/02/2023      | NATL SEC CLEARING CORP 0 CP 06/02/2023                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720000 | PA      | $719468.52    | 0.95%             | 2023-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD                         | Macquarie Group Ltd                                                   | CUSIP: 55608JBA5<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |    185000 | PA      | $171424.47    | 0.23%             | 2025-10-14      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                                | Eagle RE 2021-2 Ltd                                                   | CUSIP: 26982AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    224269 | PA      | $223793.99    | 0.30%             | 2034-04-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| NEDWBK 0 02/03/23                           | NEDWBK 0 02/03/23                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $749726.50    | 0.99%             | 2023-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIRST-CITIZENS BANK/TRST                    | First-Citizens Bank & Trust Co                                        | CUSIP: 12556LBJ4<br>LEI: L9VVX1KT5TFTKS0MLF66 | Long             | DBT              | CORP              | US        |    250000 | PA      | $239125.13    | 0.32%             | 2025-09-27      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                           | CPPIB Capital Inc                                                     | CUSIP: 22411VAY4<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | NUSS              | CA        |    580000 | PA      | $575442.31    | 0.76%             | 2024-10-21      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                           | Magnetite VII Ltd                                                     | CUSIP: 55951PBA4<br>LEI: 549300B54XJTQC6DWJ15 | Long             | ABS-CBDO         | CORP              | KY        |    804511 | PA      | $795880.36    | 1.06%             | 2028-01-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                    | AerCap Ireland Capital DAC / AerCap Global Aviation Trust             | CUSIP: 00774MAT2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    315000 | PA      | $305752.28    | 0.41%             | 2023-10-29      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                         | CDW LLC / CDW Finance Corp                                            | CUSIP: 12513GBA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70015.75     | 0.09%             | 2024-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/GBP FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-9011.91     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SoFi Professional Loan Program 2021-B Trust                           | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    378266 | PA      | $322124.79    | 0.43%             | 2047-02-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CGE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3010000 | PA      | $3010000.00   | 3.99%             | 2026-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2810000 | PA      | $2722900.99   | 3.61%             | 2025-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable              | Westlake Automobile Receivables Trust 2022-2                          | CUSIP: 96042VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $686761.53    | 0.91%             | 2026-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                      | American Honda Finance Corp                                           | CUSIP: 02665WEC1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85734.28     | 0.11%             | 2026-01-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                     | National Bank of Canada                                               | CUSIP: 63307A2T1<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    370000 | PA      | $372534.88    | 0.49%             | 2025-01-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T              | STWD 2019-FL1 Ltd                                                     | CUSIP: 78485WAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    243655 | PA      | $242915.34    | 0.32%             | 2038-07-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable              | Westlake Automobile Receivables Trust 2020-1                          | CUSIP: 96042KAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    240000 | PA      | $235907.06    | 0.31%             | 2025-06-16      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT                    | Sumitomo Mitsui Trust Bank Ltd                                        | CUSIP: 86563VAU3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    435000 | PA      | $414374.07    | 0.55%             | 2024-03-25      | Fixed         | 0.85%                 | No            |                  2 | On Loan: No      |
| BRITISH TELECOMMUNICATIO                    | British Telecommunications PLC                                        | CUSIP: 111021AM3<br>LEI: 549300OWFMSO9NYV4H90 | Long             | DBT              | CORP              | GB        |    420000 | PA      | $417256.93    | 0.55%             | 2023-12-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                      | Banque Federative du Credit Mutuel SA                                 | CUSIP: 06675FAZ0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    355000 | PA      | $354854.55    | 0.47%             | 2026-01-26      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                            | T-Mobile USA Inc                                                      | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46412.52     | 0.06%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 2 Year US Treasury Note                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        33 | NC      | $6030.91      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                  | CUSIP: 06051GKS7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    345000 | PA      | $338889.70    | 0.45%             | 2025-04-25      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN                    | Graphic Packaging International LLC                                   | CUSIP: 38869PAM6<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14776.43     | 0.02%             | 2024-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                          | Diamond Issuer                                                        | CUSIP: 25267TAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $346566.00    | 0.46%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                              | Var Energi ASA                                                        | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $209171.18    | 0.28%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                               | CUSIP: 233853AB6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145015.14    | 0.19%             | 2023-12-14      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                       | CUSIP: 92211MAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    239583 | PA      | $234591.13    | 0.31%             | 2043-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| LoanCore 2021-CRE5 Issuer, Ltd              | LoanCore 2021-CRE5 Issuer Ltd                                         | CUSIP: 53947XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    550000 | PA      | $531337.95    | 0.71%             | 2036-07-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Trust 2021-ARIA                                                    | CUSIP: 05608RAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $193870.24    | 0.26%             | 2036-10-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co Inc                                       | CUSIP: 37045XDM5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    210000 | PA      | $196306.07    | 0.26%             | 2024-10-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                      | Mitsubishi UFJ Financial Group Inc                                    | CUSIP: 606822CH5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $199014.90    | 0.26%             | 2025-07-18      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                          | Banco Santander SA                                                    | CUSIP: 05971KAK5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $195853.78    | 0.26%             | 2024-06-30      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | STACR Trust 2018-HRP2                                                 | CUSIP: 35564ACC3<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $161148.69    | 0.21%             | 2047-02-25      | Floating      | 15.01%                | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                            | NTT Finance Corp                                                      | CUSIP: 62954WAJ4<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $197536.58    | 0.26%             | 2025-07-25      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                       | TransCanada PipeLines Ltd                                             | CUSIP: 89352HBB4<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    310000 | PA      | $290119.73    | 0.38%             | 2024-10-12      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                    | Vistra Operations Co LLC                                              | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217551.27    | 0.29%             | 2024-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| CHC Commercial Mortgage Trust               | CHC Commercial Mortgage Trust 2019 - CHC                              | CUSIP: 162665AL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148876 | PA      | $138224.45    | 0.18%             | 2034-06-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                     | Nissan Motor Acceptance Co LLC                                        | CUSIP: 654740BQ1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    355000 | PA      | $336640.73    | 0.45%             | 2024-03-08      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl              | Santander Drive Auto Receivables Trust 2022-6                         | CUSIP: 802918AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $297749.16    | 0.40%             | 2026-11-16      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Cantor Commercial Real Estate               | Cantor Commercial Real Estate Lending 2019-CF1                        | CUSIP: 12529MAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2854610 | PA      | $136325.90    | 0.18%             | 2052-05-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                        | Bank of America Corp                                                  | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    415000 | PA      | $414077.58    | 0.55%             | 2026-07-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                      | Toll Brothers Finance Corp                                            | CUSIP: 88947EAN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54765.53     | 0.07%             | 2023-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GMF Canada Leasing Trust                    | GMF Canada Leasing Trust                                              | CUSIP: 36252MBU3<br>LEI: 549300KHZQ7YBTEOJU80 | Long             | ABS-O            | CORP              | CA        |     30549 | PA      | $22914.31     | 0.03%             | 2025-11-20      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                     | Goldman Sachs Group Inc/The                                           | CUSIP: 38141GZH0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    350000 | PA      | $337029.34    | 0.45%             | 2025-01-24      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC              | Enterprise Fleet Financing 2022-3 LLC                                 | CUSIP: 29374FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $639489.44    | 0.85%             | 2029-07-20      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2022-R08                          | CUSIP: 20755DAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    183585 | PA      | $185679.11    | 0.25%             | 2042-07-25      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | USD/CAD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $24534.14     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                              | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70766.85     | 0.09%             | 2025-02-01      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                       | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $174899.76    | 0.23%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Sage AR Funding                             | Sage AR Funding No 1 PLC                                              | CUSIP: 000000000<br>LEI: 635400KXGNL1GYF3BH46 | Long             | ABS-MBS          | CORP              | GB        |    150000 | PA      | $177727.90    | 0.24%             | 2030-11-17      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                    | Omega Healthcare Investors Inc                                        | CUSIP: 681936BJ8<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |    365000 | PA      | $363600.70    | 0.48%             | 2023-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                    | Benchmark 2018-B6 Mortgage Trust                                      | CUSIP: 08162CAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14641347 | PA      | $212968.64    | 0.28%             | 2051-10-10      | Variable      | 0.41%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC                            | Radian Group Inc                                                      | CUSIP: 750236AX9<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70085.11     | 0.09%             | 2025-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                          | Regal Rexnord Corp                                                    | CUSIP: 758750AC7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182990.74    | 0.24%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3570000 | PA      | $3468059.76   | 4.60%             | 2025-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                              | CUSIP: 55903VAC7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122368.87    | 0.16%             | 2024-03-15      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Structured Agency Credit Risk Debt Notes                  | CUSIP: 3137G0PS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    246586 | PA      | $253459.06    | 0.34%             | 2029-10-25      | Floating      | 15.76%                | No            |                  2 | On Loan: No      |
| OneMain Direct Auto Receivable              | OneMain Direct Auto Receivables Trust 2022-1                          | CUSIP: 68269DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $489972.60    | 0.65%             | 2029-03-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                               | CUSIP: 44891ABM8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243784.59    | 0.32%             | 2023-09-18      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORR COMM/HLDGS                      | Taylor Morrison Communities Inc / Taylor Morrison Holdings II Inc     | CUSIP: 877249AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     70000 | PA      | $69807.50     | 0.09%             | 2024-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                    | Blue Racer Midstream LLC / Blue Racer Finance Corp                    | CUSIP: 095796AH1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $152544.75    | 0.20%             | 2025-12-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag              | Wells Fargo Commercial Mortgage Trust 2018-C46                        | CUSIP: 95001QAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6920009 | PA      | $183803.05    | 0.24%             | 2051-08-15      | Variable      | 0.93%                 | No            |                  2 | On Loan: No      |
| ONE Park Mortgage Trust                     | ONE 2021-PARK Mortgage Trust                                          | CUSIP: 682413AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $480241.85    | 0.64%             | 2036-03-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                      | Blackstone Private Credit Fund                                        | CUSIP: 09261HAB3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88774.15     | 0.12%             | 2024-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                       | CUSIP: 85236KAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $318849.65    | 0.42%             | 2045-08-25      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | CBOT 5 Year US Treasury Note                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       -28 | NC      | $-28532.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank NA - SBCLN                                             | CUSIP: 80290CAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124381 | PA      | $120295.15    | 0.16%             | 2031-12-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Tru              | OneMain Financial Issuance Trust 2022-3                               | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $403994.08    | 0.54%             | 2034-05-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                    | Cheniere Corpus Christi Holdings LLC                                  | CUSIP: 16412XAC9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    265000 | PA      | $267646.85    | 0.36%             | 2025-03-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                      | Banque Federative du Credit Mutuel SA                                 | CUSIP: 06675FAX5<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |    420000 | PA      | $387872.80    | 0.51%             | 2025-02-04      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                          | VICI Properties LP                                                    | CUSIP: 925650AA1<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73421.62     | 0.10%             | 2025-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                | 7-Eleven Inc                                                          | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    290000 | PA      | $277324.33    | 0.37%             | 2024-02-10      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd              | Palmer Square Loan Funding 2020-1 Ltd                                 | CUSIP: 69701EAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    191644 | PA      | $190915.58    | 0.25%             | 2028-02-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTR NY                    | Commonwealth Bank of Australia/New York NY                            | CUSIP: 20271RAQ3<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    355000 | PA      | $357882.15    | 0.47%             | 2025-01-10      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    955000 | PA      | $930378.91    | 1.23%             | 2025-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORP                    | Renesas Electronics Corp                                              | CUSIP: 75972BAA9<br>LEI: 5299000EPC47VJQOFB81 | Long             | DBT              | CORP              | JP        |    290000 | PA      | $268186.75    | 0.36%             | 2024-11-26      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                      | Asian Development Bank                                                | CUSIP: 045167FU2<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | N/A       |    560000 | PA      | $564151.63    | 0.75%             | 2026-01-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                | Enbridge Inc                                                          | CUSIP: 29250NBK0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     95000 | PA      | $92201.10     | 0.12%             | 2024-02-16      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-1                            | CUSIP: 64829JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    124914 | PA      | $119214.88    | 0.16%             | 2057-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                    | Sumitomo Mitsui Financial Group Inc                                   | CUSIP: 86562MCA6<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $229777.57    | 0.30%             | 2025-07-08      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                      | Credit Suisse Group AG                                                | CUSIP: 225401AG3<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    450000 | PA      | $442726.47    | 0.59%             | 2024-06-12      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR REMIC Trust 2021-HQA3                               | CUSIP: 35564KJG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130209 | PA      | $125746.11    | 0.17%             | 2041-09-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Flexential Issuer, LLC                      | Flexential Issuer 2021-1                                              | CUSIP: 33938MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $272117.13    | 0.36%             | 2051-11-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                    | Australia & New Zealand Banking Group Ltd/New York NY                 | CUSIP: 05254JAA8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    250000 | PA      | $252875.41    | 0.34%             | 2025-12-08      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1759000 | PA      | $1785385.00   | 2.37%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                        | Freeport-McMoRan Inc                                                  | CUSIP: 35671DBL8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69249.79     | 0.09%             | 2024-11-14      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Wingstop Funding LLC                        | Wingstop Funding LLC                                                  | CUSIP: 974153AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    297000 | PA      | $263896.29    | 0.35%             | 2050-12-05      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                    | Volkswagen Group of America Finance LLC                               | CUSIP: 928668BR2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195271.61    | 0.26%             | 2025-06-06      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                         | Meritage Homes Corp                                                   | CUSIP: 59001AAY8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70448.70     | 0.09%             | 2025-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                         | JPMorgan Chase & Co                                                   | CUSIP: 46647PCZ7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    175000 | PA      | $171948.42    | 0.23%             | 2026-04-26      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN PENERBIT SBSN                    | Perusahaan Penerbit SBSN Indonesia III                                | CUSIP: 71567PAJ9<br>LEI: 254900G208H6Q0L5B953 | Long             | DBT              | NUSS              | ID        |    280000 | PA      | $280038.10    | 0.37%             | 2023-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                            | Bellemeade RE 2021-3 Ltd                                              | CUSIP: 078777AB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    207242 | PA      | $205723.54    | 0.27%             | 2031-09-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                      | Westinghouse Air Brake Technologies Corp                              | CUSIP: 960386AQ3<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94660.98     | 0.13%             | 2025-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables               | Exeter Automobile Receivables Trust 2022-5                            | CUSIP: 30167FAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299247.03    | 0.40%             | 2026-04-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                                  | goeasy Ltd                                                            | CUSIP: 380355AD9<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |     70000 | PA      | $67107.60     | 0.09%             | 2024-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                      | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC | CUSIP: 013092AD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $370038.85    | 0.49%             | 2023-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                    | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                   | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $147326.85    | 0.20%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                    | Devon Energy Corp                                                     | CUSIP: 25179MBE2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    104000 | PA      | $106615.52    | 0.14%             | 2028-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BrightSpire Capital, Inc                    | BRSP 2021-FL1 Ltd                                                     | CUSIP: 05591XAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    600000 | PA      | $584799.00    | 0.78%             | 2038-08-19      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                    | Warnermedia Holdings Inc                                              | CUSIP: 55903VAE3<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106114.62    | 0.14%             | 2025-03-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                       | Toronto-Dominion Bank/The                                             | CUSIP: 89115A2A9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $332995.75    | 0.44%             | 2025-06-06      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Oaktown Re Ltd                              | Oaktown Re VII Ltd                                                    | CUSIP: 67389JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    150000 | PA      | $148468.02    | 0.20%             | 2034-04-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                        | Mercedes-Benz Finance North America LLC                               | CUSIP: 58769JAA5<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    255000 | PA      | $258574.58    | 0.34%             | 2024-11-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                            | Triton Container International Ltd                                    | CUSIP: 89680YAD7<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |    150000 | PA      | $145752.23    | 0.19%             | 2023-08-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                      | Canadian Imperial Bank of Commerce                                    | CUSIP: 13607HR46<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    350000 | PA      | $338846.46    | 0.45%             | 2025-04-07      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| APTIV PLC / APTIV CORP                      | Aptiv PLC / Aptiv Corp                                                | CUSIP: 00217GAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |     70000 | PA      | $66820.42     | 0.09%             | 2025-02-18      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Payden Cash Reserves Money Market Fund      | Payden Cash Reserves Money Market Fund                                | CUSIP: 704329598<br>LEI: 549300SI0EB26HO5RT16 | Long             | STIV             | RF                | US        |    785941 | NS      | $785941.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ADCB FINANCE CAYMAN LTD                     | ADCB Finance Cayman Ltd                                               | CUSIP: 00653MAA9<br>LEI: 213800R9XDKRM525M609 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199717.80    | 0.27%             | 2023-03-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2              | BX Commercial Mortgage Trust 2019-XL                                  | CUSIP: 056054AE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    153000 | PA      | $151621.90    | 0.20%             | 2036-10-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                                 | Home RE 2021-2 Ltd                                                    | CUSIP: 43730VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |     79396 | PA      | $79294.46     | 0.11%             | 2034-01-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                    | ANZ New Zealand Int'l Ltd/London                                      | CUSIP: 00182EBP3<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    280000 | PA      | $264943.15    | 0.35%             | 2025-02-18      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                       | CUSIP: 92212KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241458 | PA      | $231454.71    | 0.31%             | 2044-07-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                     | Hyundai Capital America                                               | CUSIP: 44891ABY2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    205000 | PA      | $191538.10    | 0.25%             | 2024-09-17      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                       | Wells Fargo & Co                                                      | CUSIP: 95000U2X0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    265000 | PA      | $258970.08    | 0.34%             | 2026-04-25      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2020-FL5 LTD                                                      | CUSIP: 05492QAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     85953 | PA      | $86070.56     | 0.11%             | 2037-02-16      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                 | Nutrien Ltd                                                           | CUSIP: 67077MAZ1<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    180000 | PA      | $182915.56    | 0.24%             | 2024-11-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term               | GM Financial Consumer Automobile Receivables Trust 2020-1             | CUSIP: 36258NAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $107560.94    | 0.14%             | 2025-04-16      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 61747YEM3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    360000 | PA      | $342172.47    | 0.45%             | 2026-02-18      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                              | Morgan Stanley                                                        | CUSIP: 61747YEQ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    340000 | PA      | $333925.92    | 0.44%             | 2025-04-17      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SWEDISH EXPORT CREDIT                       | Svensk Exportkredit AB                                                | CUSIP: 87031CAG8<br>LEI: 1FOLRR5RWTWWI397R131 | Long             | DBT              | NUSS              | SE        |   1000000 | PA      | $984185.59    | 1.31%             | 2024-09-03      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ASIAN DEVELOPMENT BANK                      | Asian Development Bank                                                | CUSIP: 045167FS7<br>LEI: 549300X0MVH42CY8Q105 | Long             | DBT              | NUSS              | N/A       |    800000 | PA      | $795262.25    | 1.06%             | 2024-09-27      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                      | Mitsubishi UFJ Financial Group Inc                                    | CUSIP: 606822BW3<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    440000 | PA      | $412509.16    | 0.55%             | 2025-07-19      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                    | Vantage Data Centers Issuer LLC                                       | CUSIP: 92212KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $404319.47    | 0.54%             | 2045-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| EXPORT DEVELOPMNT CANADA                    | Export Development Canada                                             | CUSIP: 30216BJU7<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |    750000 | PA      | $737343.49    | 0.98%             | 2025-08-26      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TPG Real Estate Finance                     | TRTX 2019-FL3 Issuer Ltd                                              | CUSIP: 87276VAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    326348 | PA      | $325850.09    | 0.43%             | 2034-10-15      | Floating      | 6.05%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                     | Nissan Motor Acceptance Co LLC                                        | CUSIP: 65480CAB1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     85000 | PA      | $78824.02     | 0.10%             | 2024-09-16      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| HSBC SECURITIES (USA) INC.                  | CAD/USD FORWARD                                                       | CUSIP: 000000000<br>LEI: CYYGQCGNHMHPSMRL3R97 | N/A              | DFE              | CORP              | US        |         1 | NC      | $8013.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CPPIB CAPITAL INC                           | CPPIB Capital Inc                                                     | CUSIP: 22411VAW8<br>LEI: 549300KW9NB55HTDK075 | Long             | DBT              | NUSS              | CA        |    550000 | PA      | $537336.06    | 0.71%             | 2024-06-13      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                  | NBN Co Ltd                                                            | CUSIP: 62878U2C5<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $185993.32    | 0.25%             | 2024-10-08      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank Auto Credit-Linked Notes Series 2022-C                 | CUSIP: 80290CBG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    239505 | PA      | $239692.70    | 0.32%             | 2032-12-15      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                       | Icahn Enterprises LP / Icahn Enterprises Finance Corp                 | CUSIP: 451102BW6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $127075.00    | 0.17%             | 2024-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP                      | Toll Brothers Finance Corp                                            | CUSIP: 88947EAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $68825.24     | 0.09%             | 2025-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CDZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     91000 | PA      | $86258.05     | 0.11%             | 2025-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                             | SBA Tower Trust                                                       | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $161975.81    | 0.21%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                  | Navient Private Education Refi Loan Trust 2021-F                      | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312062 | PA      | $267244.36    | 0.35%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| PELABUHAN INDO PERSERO                      | Pelabuhan Indonesia Persero PT                                        | CUSIP: 69370TAB9<br>LEI: 254900Y6SH3NRN1A8R64 | Long             | DBT              | CORP              | ID        |    395000 | PA      | $394323.92    | 0.52%             | 2023-05-02      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                       | Civitas Resources Inc                                                 | CUSIP: 097793AE3<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51358.18     | 0.07%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                                 | Federal Home Loan Mortgage Corp                                       | CUSIP: 3134GXS88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    470000 | PA      | $463298.51    | 0.61%             | 2025-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                        | Glencore Funding LLC                                                  | CUSIP: 378272AH1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    420000 | PA      | $417070.87    | 0.55%             | 2024-04-29      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Stack Infrastructure Issuer LL              | Stack Infrastructure Issuer LLC                                       | CUSIP: 85236KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    288250 | PA      | $282054.40    | 0.37%             | 2044-02-25      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                         | Bank of Nova Scotia/The                                               | CUSIP: 06417XAL5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    380000 | PA      | $383127.53    | 0.51%             | 2024-12-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-HRP1                         | CUSIP: 20754PAC4<br>LEI: 549300Z5THZ1JXIHVK60 | Long             | ABS-MBS          | CORP              | US        |    268043 | PA      | $265987.46    | 0.35%             | 2039-11-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                               | CUSIP: 233853AD2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $140990.46    | 0.19%             | 2024-12-13      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                         | Bank of Nova Scotia/The                                               | CUSIP: 06417XAH4<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $330297.36    | 0.44%             | 2025-04-11      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                             | United States Treasury Note/Bond                                      | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4595000 | PA      | $4487304.69   | 5.95%             | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                            | Bank of Montreal                                                      | CUSIP: 06368LGU4<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $161121.16    | 0.21%             | 2024-12-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BMW Canada Auto Trust                       | BMW Canada Auto Trust                                                 | CUSIP: 05570XBT2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    333234 | PA      | $247407.92    | 0.33%             | 2024-07-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-SBT1                         | CUSIP: 20753VCZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $100862.10    | 0.13%             | 2040-02-25      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                        | Saudi Arabian Oil Co                                                  | CUSIP: 80414L2G9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    200000 | PA      | $193781.60    | 0.26%             | 2023-11-24      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                                     | BDS 2021-FL8                                                          | CUSIP: 05493JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    389883 | PA      | $374964.42    | 0.50%             | 2036-01-18      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2019-R07                          | CUSIP: 20753WAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14260 | PA      | $14262.67     | 0.02%             | 2039-10-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CAPITAL CORP                       | Owl Rock Capital Corp                                                 | CUSIP: 69121KAD6<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    130000 | PA      | $122514.75    | 0.16%             | 2026-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                     | BPCE SA                                                               | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    395000 | PA      | $399780.37    | 0.53%             | 2027-01-18      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                     | BPCE SA                                                               | CUSIP: 05578QAA1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    450000 | PA      | $449819.18    | 0.60%             | 2023-10-22      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank Auto Credit-Linked Notes Series 2022-B                 | CUSIP: 80290CAZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    202569 | PA      | $200917.54    | 0.27%             | 2032-08-16      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Bristol Park CLO, Ltd.                      | Bristol Park CLO LTD                                                  | CUSIP: 11014PAJ4<br>LEI: 549300XRS6MFERKEPO61 | Long             | ABS-CBDO         | CORP              | KY        |    620512 | PA      | $616533.83    | 0.82%             | 2029-04-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                     | CARS-DB4 LP                                                           | CUSIP: 12510HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89275 | PA      | $84430.02     | 0.11%             | 2050-02-15      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN SENTRY LTD                       | Transocean Sentry Ltd                                                 | CUSIP: 89385AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     46307 | PA      | $45988.89     | 0.06%             | 2023-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                            | Connecticut Avenue Securities Trust 2020-R01                          | CUSIP: 20754CAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25653 | PA      | $25668.98     | 0.03%             | 2040-01-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| MBARC Credit Canada Inc                     | MBarc Credit Canada Inc                                               | CUSIP: 552755BQ2<br>LEI: 549300T0LAPKEKVWBV33 | Long             | ABS-O            | CORP              | CA        |    137092 | PA      | $102078.05    | 0.14%             | 2024-05-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| CAISSE D'AMORT DETTE SOC                    | Caisse d'Amortissement de la Dette Sociale                            | CUSIP: 12802D2E5<br>LEI: 969500P04DQJS4BPM574 | Long             | DBT              | NUSS              | FR        |    700000 | PA      | $661423.90    | 0.88%             | 2024-05-27      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY OPERATING                    | NextEra Energy Operating Partners LP                                  | CUSIP: 65342QAK8<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    180000 | PA      | $176015.39    | 0.23%             | 2024-07-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GENTING NY LLC/GENNY CAP                    | Genting New York LLC / GENNY Capital Inc                              | CUSIP: 37255JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $179096.06    | 0.24%             | 2026-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BX Trust                                    | BX Commercial Mortgage Trust 2020-VKNG                                | CUSIP: 12433YAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    280000 | PA      | $274378.66    | 0.36%             | 2037-10-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| INTERCORP FIN SER INC                       | Intercorp Financial Services Inc                                      | CUSIP: 45866EAA5<br>LEI: 5299004181WFTEWB1398 | Long             | DBT              | CORP              | PA        |    225000 | PA      | $204486.92    | 0.27%             | 2027-10-19      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac Structured Agency Credit Risk Debt Notes                  | CUSIP: 3137G0TF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $257832.20    | 0.34%             | 2042-12-25      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST EARTHQUAKE AUTH               | California Earthquake Authority                                       | CUSIP: 13017HAM8<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |    370000 | PA      | $369838.25    | 0.49%             | 2023-07-01      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| KOMMUNALBANKEN AS                           | Kommunalbanken AS                                                     | CUSIP: 50048MCY4<br>LEI: I7ETN0QQO2AHZZGHJ389 | Long             | DBT              | NUSS              | NO        |    500000 | PA      | $480638.76    | 0.64%             | 2023-12-08      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin              | Santander Bank Auto Credit-Linked Notes Series 2022-A                 | CUSIP: 80290CAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    168670 | PA      | $164834.72    | 0.22%             | 2032-05-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                     | National Bank of Canada                                               | CUSIP: 63307A2S3<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $255423.40    | 0.34%             | 2025-06-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                      | Daimler Truck Finance North America LLC                               | CUSIP: 233853AL4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    180000 | PA      | $174365.31    | 0.23%             | 2025-04-07      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONTARIO TEACHERS' FINANC                    | Ontario Teachers' Finance Trust                                       | CUSIP: 68329AAG3<br>LEI: 635400ZZE5J8OXXBBY26 | Long             | DBT              | NUSS              | CA        |    250000 | PA      | $242495.02    | 0.32%             | 2023-09-29      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| GRAY OAK PIPELINE LLC                       | Gray Oak Pipeline LLC                                                 | CUSIP: 38937LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $122153.50    | 0.16%             | 2023-09-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE                     | GSK Consumer Healthcare Capital US LLC                                | CUSIP: 36264FAH4<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244344.77    | 0.32%             | 2024-03-24      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| SUNTORY HOLDINGS LTD                        | Suntory Holdings Ltd                                                  | CUSIP: 86803UAD3<br>LEI: 54930074QUY8RD0UZM08 | Long             | DBT              | CORP              | JP        |    400000 | PA      | $378643.27    | 0.50%             | 2024-10-16      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                | UBS Group AG                                                          | CUSIP: 902613AB4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $195833.76    | 0.26%             | 2024-07-30      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr              | SOFI PROFESSIONAL LOAN PROGRAM 2021-A TRUST                           | CUSIP: 83405YAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    227998 | PA      | $194141.54    | 0.26%             | 2043-08-17      | Fixed         | 1.03%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                    | Microchip Technology Inc                                              | CUSIP: 595017BB9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    335000 | PA      | $320758.03    | 0.43%             | 2024-02-15      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| LCM Ltd Partnership                         | LCM XX LP                                                             | CUSIP: 50188WAE8<br>LEI: 549300VQTTD2PAP2Y421 | Long             | ABS-CBDO         | CORP              | KY        |     87851 | PA      | $87576.74     | 0.12%             | 2027-10-20      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                      | General Motors Financial Co Inc                                       | CUSIP: 37045XDU7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63160.00     | 0.08%             | 2025-04-07      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| KOMMUNINVEST I SVERIGE                      | Kommuninvest I Sverige AB                                             | CUSIP: 50046PBZ7<br>LEI: EV2XZWMLLXF2QRX0CD47 | Long             | DBT              | NUSS              | SE        |    700000 | PA      | $689344.40    | 0.91%             | 2024-01-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term               | GM Financial Consumer Automobile Receivables Trust 2020-1             | CUSIP: 36258NAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     80000 | PA      | $77940.33     | 0.10%             | 2025-05-16      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl              | Santander Drive Auto Receivables Trust 2022-5                         | CUSIP: 80287HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $643048.38    | 0.85%             | 2026-08-17      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                         | DataBank Issuer                                                       | CUSIP: 23802WAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $266688.36    | 0.35%             | 2051-10-25      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                    | EQT Corp                                                              | CUSIP: 26884LAP4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90214.20     | 0.12%             | 2025-10-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan               | New Residential Mortgage Loan Trust 2017-4                            | CUSIP: 64829NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    216986 | PA      | $204661.65    | 0.27%             | 2057-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                         | Freddie Mac STACR Remic Trust 2020-DNA2                               | CUSIP: 35565KAH1<br>LEI: 5493007ZK0X40BI7UF30 | Long             | ABS-MBS          | CORP              | US        |     42078 | PA      | $42012.67     | 0.06%             | 2050-02-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| HCA INC                                     | HCA Inc                                                               | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70294.88     | 0.09%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FMS WERTMANAGEMENT                          | FMS Wertmanagement                                                    | CUSIP: 000000000<br>LEI: HZFDOR6TCRSIQLKQTX32 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $568292.72    | 0.75%             | 2024-05-06      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                   | Qorvo Inc                                                             | CUSIP: 74739DAA2<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |    145000 | PA      | $135837.45    | 0.18%             | 2024-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Ne              | Oak Street Investment Grade Net Lease Fund Series 2020-1              | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    529218 | PA      | $478814.72    | 0.64%             | 2050-11-20      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| CHC Commercial Mortgage Trust               | CHC Commercial Mortgage Trust 2019 - CHC                              | CUSIP: 162665AN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    347377 | PA      | $318829.94    | 0.42%             | 2034-06-15      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                 | BNG Bank NV                                                           | CUSIP: 05591F2N9<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    750000 | PA      | $737301.56    | 0.98%             | 2024-08-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REC LIMITED                                 | REC Ltd                                                               | CUSIP: 74947LAA2<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |    500000 | PA      | $498720.00    | 0.66%             | 2023-11-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ford Auto Securitization Trust              | Ford Auto Securitization Trust                                        | CUSIP: 345213JB9<br>LEI: 549300UXPSVB9J11GQ87 | Long             | ABS-O            | CORP              | CA        |     45098 | PA      | $33586.09     | 0.04%             | 2024-08-15      | Fixed         | 0.89%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-29

**Name of Applicant:** PAYDEN & RYGEL INVESTMENT GROUP

**Signature:** Sandi Brents

**Name of Signer:** Sandi Brents

**Title:** Compliance Officer