# EDGAR Filing Document

**Accession Number:** 0000792359
**File Stem:** 0001752724-23-035669
**Filing Date:** 2023-2
**Character Count:** 230270
**Document Hash:** 74c378be029e68a7ac607a6c3f420f35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-035669.hdr.sgml**: 20230223

**ACCESSION NUMBER**: 0001752724-23-035669

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230223

**DATE AS OF CHANGE**: 20230223

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000792359
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04642
- **FILM NUMBER:** 23657454

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103
- **BUSINESS PHONE:** 8002487971

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX EDGE SERIES FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BIG EDGE SERIES FUND
- **DATE OF NAME CHANGE:** 19920304

## Series and Classes Contracts Data

### Virtus Newfleet Multi-Sector Intermediate Bond Series (Series ID: S000001950)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000005134 | Class A      |  |
| C000126194 | Class I      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Variable Insurance Trust

- **b. Investment Company Act file number:** 811-04642

- **c. CIK number of Registrant:** 0000792359

- **d. LEI of Registrant:** 5493003VWTC7OD2WQT04

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

  - **Street Address 1:** One Financial Plaza

  - **City:** Hartford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06103

  - **Telephone number:** 800-248-4790

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

- **a. Name of Series:** Virtus Newfleet Multi-Sector Intermediate Bond Series

- **b. EDGAR series identifier (if any):** S000001950

- **c. LEI of Series:** 549300JZNZ5QA71A1O24

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $93400974.58

**Total Liabilities:** $312728.23

**Net Assets:** $93088246.35

**Cash Not Reported:** $229740.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -2800.00000000 | **10-Year:** -10468.00000000 | **30-Year:** -12992.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** -17.00000000 | **5-Year:** -2966.00000000 | **10-Year:** -5925.00000000 | **30-Year:** -2515.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000126194 | 0.00%                | 2.54%                | 0.20%                |
| Class ID C000005134 | 0.00%                | 2.54%                | 0.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-396283.61              | $90730.83                                  |
| Month 2  | $-356756.06              | $2457779.52                                |
| Month 3  | $-209031.98              | $32936.38                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MCLAREN FINANCE PLC                             | Mclaren Finance PLC                                                             | CUSIP: 58175LAA8<br>LEI: 213800BKPDWMWX3GSG36 | Long             | DBT              | CORP              | GB        |    195000 | PA      | $143325.00    | 0.15%             | 2026-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                | ArcelorMittal SA                                                                | CUSIP: 03938LBF0<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    280000 | PA      | $278416.57    | 0.30%             | 2032-11-29      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| METIS MERGER SUB LLC                            | Metis Merger Sub LLC                                                            | CUSIP: 59155LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $71356.04     | 0.08%             | 2029-05-15      | Fixed         | 6.50%                 | 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        |    283000 | PA      | $281744.58    | 0.30%             | 2034-05-15      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                              | Ford Motor Co                                                                   | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     73000 | PA      | $54745.74     | 0.06%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                           | Toronto-Dominion Bank/The                                                       | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    235000 | PA      | $244400.00    | 0.26%             | 2082-10-31      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1260000 | PA      | $1068883.59   | 1.15%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| DUBAI GOVT INT'L BONDS                          | Emirate of Dubai Government International Bonds                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | AE        |    400000 | PA      | $360450.00    | 0.39%             | 2043-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PARSLEY ENERGY LLC/FINAN                        | Parsley Energy LLC / Parsley Finance Corp                                       | CUSIP: 701885AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $101018.36    | 0.11%             | 2028-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Playa Resorts Holding BV                        | Playa Resorts Holding BV                                                        | CUSIP: 72812NAD8<br>LEI: 5493005SPBUMPZZCIZ96 | Long             | LON              | CORP              | NL        |    269868 | PA      | $268788.61    | 0.29%             | 2024-04-29      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                            | Colombia Government International Bond                                          | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    200000 | PA      | $172412.50    | 0.19%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INTERCORP PERU LTD                              | Intercorp Peru Ltd                                                              | CUSIP: 458652AB0<br>LEI: 549300L0OFVSOE4NSY75 | Long             | DBT              | CORP              | BS        |    235000 | PA      | $193434.38    | 0.21%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FirstKey Homes 2020-SFR1 Trust                  | FirstKey Homes 2020-SFR1 Trust                                                  | CUSIP: 33767MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $178671.74    | 0.19%             | 2037-08-17      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| CT TRUST                                        | CT Trust                                                                        | CUSIP: 12659BAA2<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |    200000 | PA      | $175600.00    | 0.19%             | 2032-02-03      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL                        | Cheplapharm Arzneimittel GmbH                                                   | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    195000 | PA      | $163059.00    | 0.18%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dun & Bradstreet Corporation (The)              | Dun & Bradstreet Corp/The                                                       | CUSIP: 26483NAN0<br>LEI: RI37BMPWE56BCJ747E14 | Long             | LON              | CORP              | US        |    101816 | PA      | $100707.62    | 0.11%             | 2026-02-06      | Floating      | 7.64%                 | No            |                  2 | On Loan: No      |
| ZIONS BANCORP NA                                | Zions Bancorp NA                                                                | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |    350000 | PA      | $286020.15    | 0.31%             | 2029-10-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DS Parent Inc                                   | DS Parent Inc                                                                   | CUSIP: 23344YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    110688 | PA      | $105199.61    | 0.11%             | 2028-12-08      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                    | Enbridge Inc                                                                    | CUSIP: 29250NBP9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $261372.40    | 0.28%             | 2083-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    125000 | PA      | $107500.00    | 0.12%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Republic Finance Issuance Trus                  | Republic Finance Issuance Trust 2020-A                                          | CUSIP: 76042EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $212441.94    | 0.23%             | 2030-11-20      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                        | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28057.22     | 0.03%             | 2026-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                  | TD SYNNEX Corp                                                                  | CUSIP: 87162WAH3<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |    355000 | PA      | $286388.62    | 0.31%             | 2028-08-09      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Peraton Corp                                    | Peraton Corp                                                                    | CUSIP: 71360HAB3<br>LEI: 549300EQPCK07ZW63836 | Long             | LON              | CORP              | US        |     71147 | PA      | $69353.45     | 0.07%             | 2028-02-01      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                    | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    266000 | PA      | $238376.47    | 0.26%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                   | DISH DBS Corp                                                                   | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $96766.80     | 0.10%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Star US Bidco LLC                               | Star US Bidco LLC                                                               | CUSIP: 85519WAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     96195 | PA      | $91385.18     | 0.10%             | 2027-03-17      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| Air Canada                                      | Air Canada                                                                      | CUSIP: 000000000<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | LON              | CORP              | CA        |     30805 | PA      | $30381.57     | 0.03%             | 2028-08-11      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                                | Teine Energy Ltd                                                                | CUSIP: 879068AB0<br>LEI: 5493002EE80G6ER7SM91 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $103212.50    | 0.11%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                        | Saudi Government International Bond                                             | CUSIP: 80413TAC3<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    305000 | PA      | $268838.44    | 0.29%             | 2046-10-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                        | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    125000 | PA      | $90752.50     | 0.10%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                             | DENTSPLY SIRONA Inc                                                             | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    260000 | PA      | $215842.10    | 0.23%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                    | Navient Corp                                                                    | CUSIP: 63938CAH1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    130000 | PA      | $124787.99    | 0.13%             | 2025-06-25      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2019-4                                                | CUSIP: 89178BAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215000 | PA      | $180773.53    | 0.19%             | 2059-10-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES                        | International Flavors & Fragrances Inc                                          | CUSIP: 459506AQ4<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    350000 | PA      | $277680.30    | 0.30%             | 2030-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| CAPITAL FARM CREDIT ACA                         | Capital Farm Credit ACA                                                         | CUSIP: 14019TAA4<br>LEI: 254900S6K5I3OISPS518 | Long             | DBT              | CORP              | US        |    250000 | PA      | $217500.00    | 0.23%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2020-6 LLC                                                                 | CUSIP: 693587AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    253227 | PA      | $233664.65    | 0.25%             | 2025-11-25      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| ECL Entertainment LLC                           | ECL Entertainment LLC                                                           | CUSIP: 000000000<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |     84134 | PA      | $83854.21     | 0.09%             | 2028-05-01      | Floating      | 11.88%                | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN                        | Weekley Homes LLC / Weekley Finance Corp                                        | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $96627.68     | 0.10%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NMLT Trust                                      | NLT 2021-INV2 Trust                                                             | CUSIP: 62917JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    172772 | PA      | $135843.01    | 0.15%             | 2056-08-25      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| ARD FINANCE SA                                  | ARD Finance SA                                                                  | CUSIP: 00191AAD8<br>LEI: 6354006P6QPGGPVJW880 | Long             | DBT              | CORP              | LU        |    230000 | PA      | $159972.47    | 0.17%             | 2027-06-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FLEX INTERMEDIATE HOLDCO                        | Flex Intermediate Holdco LLC                                                    | CUSIP: 33939HAA7<br>LEI: 549300290TQIGM30A243 | Long             | DBT              | CORP              | US        |    205000 | PA      | $159986.06    | 0.17%             | 2031-06-30      | Fixed         | 3.36%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                        | Trident TPI Holdings Inc                                                        | CUSIP: 89616RAA7<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    140000 | PA      | $121328.38    | 0.13%             | 2025-11-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                        | Mill City Mortgage Loan Trust 2017-3                                            | CUSIP: 59980CAH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    206833 | PA      | $167868.19    | 0.18%             | 2061-01-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                        | Huntington Ingalls Industries Inc                                               | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    285000 | PA      | $234910.79    | 0.25%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                        | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     20000 | PA      | $10279.26     | 0.01%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AT HOME GROUP INC                               | At Home Group Inc                                                               | CUSIP: 04650YAB6<br>LEI: 549300LGPR0P05O30I24 | Long             | DBT              | CORP              | US        |    200000 | PA      | $116020.00    | 0.12%             | 2029-07-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Filtration Group Corporation                    | Filtration Group Corp                                                           | CUSIP: 31732FAM8<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |    103651 | PA      | $102399.16    | 0.11%             | 2025-03-31      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                       | Boeing Co/The                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    175000 | PA      | $170736.87    | 0.18%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                      | GLS Auto Receivables Trust 2018-3                                               | CUSIP: 36255XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42346 | PA      | $42334.03     | 0.05%             | 2024-07-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                        | Ferrellgas LP / Ferrellgas Finance Corp                                         | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $40934.12     | 0.04%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                          | Blackstone Private Credit Fund                                                  | CUSIP: 09261HAD9<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    155000 | PA      | $128297.32    | 0.14%             | 2026-12-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                      | Leidos Inc                                                                      | CUSIP: 52532XAH8<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    390000 | PA      | $298761.64    | 0.32%             | 2031-02-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                         | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    228000 | PA      | $255500.93    | 0.27%             | 2036-07-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| Project Ruby Ultimate Parent Corp               | Project Ruby Ultimate Parent Corp                                               | CUSIP: 74339UAS9<br>LEI: 549300UGGIEE7YT1C741 | Long             | LON              | CORP              | US        |    127476 | PA      | $120259.80    | 0.13%             | 2028-03-10      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Tra                  | VOLT C LLC                                                                      | CUSIP: 91835DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82352 | PA      | $73531.30     | 0.08%             | 2051-05-25      | Variable      | 1.99%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                             | Applied Systems Inc                                                             | CUSIP: 03827FBA8<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |    128596 | PA      | $127149.29    | 0.14%             | 2027-09-17      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| Sunshine Luxembourg VII SARL                    | Sunshine Luxembourg VII Sarl                                                    | CUSIP: 000000000<br>LEI: 254900CHQOBZNYV4DY60 | Long             | LON              | CORP              | LU        |     58950 | PA      | $56362.68     | 0.06%             | 2026-10-01      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                      | Citadel LP                                                                      | CUSIP: 17288XAB0<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    235000 | PA      | $218413.01    | 0.23%             | 2027-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Arcline FM Holdings, LLC                        | Arcline FM Holdings LLC                                                         | CUSIP: 03960DAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     93801 | PA      | $88954.55     | 0.10%             | 2028-06-23      | Floating      | 9.48%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                      | Progress Residential Trust                                                      | CUSIP: 74333HAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $148763.16    | 0.16%             | 2038-07-17      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                        | Clarios Global LP / Clarios US Finance Co                                       | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    100000 | PA      | $97649.65     | 0.10%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| USASF Receivables LLC                           | USASF Receivables 2020-1 LLC                                                    | CUSIP: 90353QAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64051 | PA      | $63861.79     | 0.07%             | 2024-05-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                         | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    165000 | PA      | $143158.13    | 0.15%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| J&J Ventures Gaming LLC                         | J&J Ventures Gaming LLC                                                         | CUSIP: 46604BAB4<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |     78826 | PA      | $75279.14     | 0.08%             | 2028-04-26      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $159546.78    | 0.17%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp                             | CNT Holdings I Corp                                                             | CUSIP: 12656AAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     83066 | PA      | $80262.45     | 0.09%             | 2027-11-08      | Floating      | 7.24%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc                           | Phoenix Guarantor Inc                                                           | CUSIP: 71913BAE2<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |    184434 | PA      | $172484.75    | 0.19%             | 2026-03-05      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| GENERATION BRIDGE II LLC                        | Generation Bridge II LLC                                                        | CUSIP: 37147QAD0<br>LEI: 254900BU0I8CJYZ8GK47 | Long             | LON              | CORP              | US        |      5478 | PA      | $5422.74      | 0.01%             | 2029-02-24      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| CALLON PETROLEUM CO                             | Callon Petroleum Co                                                             | CUSIP: 13123XBF8<br>LEI: 549300EFOWPEB0WLZW21 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59475.00     | 0.06%             | 2030-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                          | Motorola Solutions Inc                                                          | CUSIP: 620076BN8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114207.32    | 0.12%             | 2029-05-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PENTAIR FINANCE SARL                            | Pentair Finance Sarl                                                            | CUSIP: 709629AS8<br>LEI: 549300H2U8U8TZPV3T89 | Long             | DBT              | CORP              | LU        |    240000 | PA      | $235217.22    | 0.25%             | 2032-07-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                        | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    265000 | PA      | $261579.49    | 0.28%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                        | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                       | CUSIP: 71568PAC3<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |    390000 | PA      | $370500.00    | 0.40%             | 2027-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PetsMart LLC                                    | PetSmart LLC                                                                    | CUSIP: 71677HAL9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     83639 | PA      | $81678.52     | 0.09%             | 2028-02-11      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2016-4                                                | CUSIP: 89172UAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $274210.71    | 0.29%             | 2056-07-25      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2022-RTL1                                   | CUSIP: 64831LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215000 | PA      | $204002.45    | 0.22%             | 2026-12-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                        | BroadStreet Partners Inc                                                        | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    120000 | PA      | $102129.76    | 0.11%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                                             | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    475000 | PA      | $372281.25    | 0.40%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                     | Deluxe Corp                                                                     | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |     65000 | PA      | $53462.50     | 0.06%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Lightstone HoldCo LLC                           | Lightstone Holdco LLC                                                           | CUSIP: 53226GAK7<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |    114000 | PA      | $104081.95    | 0.11%             | 2027-02-01      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                         | MPT Operating Partnership LP / MPT Finance Corp                                 | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $38129.23     | 0.04%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                               | Kinder Morgan Inc                                                               | CUSIP: 28368EAE6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    225000 | PA      | $252967.20    | 0.27%             | 2032-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MARK IV INDS I                                  | MARK IV                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       828 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,                  | Galton Funding Mortgage Trust 2017-1                                            | CUSIP: 36417JAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24519 | PA      | $22147.46     | 0.02%             | 2057-11-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Pegasus Bidco Bv                                | Pegasus Bidco BV                                                                | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |     75000 | PA      | $72281.25     | 0.08%             | 2029-07-12      | Floating      | 8.52%                 | No            |                  2 | On Loan: No      |
| Open Text Corporation                           | Open Text Corp                                                                  | CUSIP: 000000000<br>LEI: 549300HP7ONDQODZJV16 | Long             | LON              | CORP              | CA        |    115000 | PA      | $112211.25    | 0.12%             | 2029-11-16      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |
| Conn Funding II, L.P                            | Conn's Receivables Funding 2022-A LLC                                           | CUSIP: 20825YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $242963.68    | 0.26%             | 2026-12-15      | Fixed         | 9.52%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                         | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    204368 | PA      | $182417.19    | 0.20%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Rec                  | Arivo Acceptance Auto Loan Receivables Trust 2022-2                             | CUSIP: 04047JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    239949 | PA      | $239546.69    | 0.26%             | 2029-01-16      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                            | Chart Industries Inc                                                            | CUSIP: 000000000<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |     90000 | PA      | $88931.70     | 0.10%             | 2029-12-08      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                        | Team Health Holdings Inc                                                        | CUSIP: 88047PAA2<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |    150000 | PA      | $86436.00     | 0.09%             | 2025-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                         | UKG Inc                                                                         | CUSIP: 000000000<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |      5000 | PA      | $4577.50      | 0.00%             | 2027-05-03      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                  | VCAT 2021-NPL4 LLC                                                              | CUSIP: 91823DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227240 | PA      | $205749.84    | 0.22%             | 2051-08-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                           | Quikrete Holdings Inc                                                           | CUSIP: 74839XAG4<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    124375 | PA      | $123248.16    | 0.13%             | 2028-06-09      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| Brookfield WEC Holdings Inc                     | Brookfield WEC Holdings Inc                                                     | CUSIP: 11284EAM5<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |    101827 | PA      | $100247.12    | 0.11%             | 2025-08-01      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2016-3                                      | CUSIP: 64829HAM9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    247807 | PA      | $225193.87    | 0.24%             | 2056-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                        | Targa Resources Partners LP / Targa Resources Partners Finance Corp             | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $40632.75     | 0.04%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                              | Tricon Residential 2021-SFR1 Trust                                              | CUSIP: 89614YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $137948.66    | 0.15%             | 2038-07-17      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| COSTAR GROUP INC                                | CoStar Group Inc                                                                | CUSIP: 22160NAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $281757.94    | 0.30%             | 2030-07-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust                            | FirstKey Homes 2020-SFR2 Trust                                                  | CUSIP: 33767JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335000 | PA      | $297305.67    | 0.32%             | 2037-10-19      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential                   | Starwood Mortgage Residential Trust 2021-3                                      | CUSIP: 85573JAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55988 | PA      | $44514.29     | 0.05%             | 2056-06-25      | Variable      | 1.52%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                        | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp              | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $117604.09    | 0.13%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC       | Oryx Midstream Services Permian Basin LLC                                       | CUSIP: 68764JAB7<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    112760 | PA      | $111262.62    | 0.12%             | 2028-10-05      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Medallion Midland Acquisition LLC               | Medallion Midland Acquisition LP                                                | CUSIP: 58404BAD7<br>LEI: 549300QCYU94ZA2ELG48 | Long             | LON              | CORP              | US        |     78375 | PA      | $77517.43     | 0.08%             | 2028-10-18      | Floating      | 8.01%                 | No            |                  2 | On Loan: No      |
| GENERATION BRIDGE II LLC                        | Generation Bridge II LLC                                                        | CUSIP: 37147QAC2<br>LEI: 254900BU0I8CJYZ8GK47 | Long             | LON              | CORP              | US        |     40640 | PA      | $40233.67     | 0.04%             | 2029-02-24      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                        | USA Compression Partners LP / USA Compression Finance Corp                      | CUSIP: 91740PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $100725.45    | 0.11%             | 2026-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2018-6                                                | CUSIP: 89176LAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    710000 | PA      | $606713.32    | 0.65%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                           | Indonesia Government International Bond                                         | CUSIP: 455780CQ7<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    210000 | PA      | $187267.50    | 0.20%             | 2030-02-14      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SPRINT SPECTRUM / SPEC I                        | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $197105.34    | 0.21%             | 2028-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ACC Auto Trust                                  | ACC Auto Trust 2021-A                                                           | CUSIP: 00108XAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365000 | PA      | $343229.47    | 0.37%             | 2027-04-15      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                           | Lincoln National Corp                                                           | CUSIP: 534187BP3<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    365000 | PA      | $262800.00    | 0.28%             | 2067-04-20      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                        | Brighthouse Financial Inc                                                       | CUSIP: 10922NAG8<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    270000 | PA      | $256790.52    | 0.28%             | 2030-05-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                           | Bausch Health Cos Inc                                                           | CUSIP: 071734AP2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $13792.60     | 0.01%             | 2027-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                           | Level 3 Financing Inc                                                           | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     60000 | PA      | $43934.46     | 0.05%             | 2029-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Alliance Laundry Systems LLC                    | Alliance Laundry Systems LLC                                                    | CUSIP: 01862LAW8<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |     85399 | PA      | $83627.23     | 0.09%             | 2027-10-08      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| LANNETT CO INC                                  | Lannett Co Inc                                                                  | CUSIP: 51602UAD0<br>LEI: 5299001DJ6C90XX17G45 | Long             | DBT              | CORP              | US        |     50000 | PA      | $13000.00     | 0.01%             | 2026-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                        | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $94881.45     | 0.10%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COOPER-STANDARD AUTOMOTI                        | Cooper-Standard Automotive Inc                                                  | CUSIP: 216762AG9<br>LEI: ITCH5B3Q4RTX2PH9UN62 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67600.00     | 0.07%             | 2024-06-01      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                         | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $181857.69    | 0.20%             | 2025-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                | NMEF Funding 2019-A LLC                                                         | CUSIP: 65489MAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199358 | PA      | $198011.75    | 0.21%             | 2026-08-17      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Imperial Fund LLC                               | Imperial Fund Mortgage Trust 2021-NQM4                                          | CUSIP: 45276JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    491238 | PA      | $404644.41    | 0.43%             | 2057-01-25      | Variable      | 2.09%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                       | McGraw-Hill Education Inc                                                       | CUSIP: 58063DAC7<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |     90850 | PA      | $85313.60     | 0.09%             | 2028-07-28      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                            | Blue Owl Finance LLC                                                            | CUSIP: 09581JAA4<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |    245000 | PA      | $181965.05    | 0.20%             | 2031-06-10      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                          | Sequoia Mortgage Trust 2013-8                                                   | CUSIP: 81745EAC3<br>LEI: 549300EU86QZR1NB5U93 | Long             | ABS-MBS          | CORP              | US        |     45122 | PA      | $42494.08     | 0.05%             | 2043-06-25      | Variable      | 3.49%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2016-1                                                | CUSIP: 89172EAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    119771 | PA      | $117458.39    | 0.13%             | 2055-02-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                           | Tricon American Homes 2019-SFR1 Trust                                           | CUSIP: 89612LAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $211763.13    | 0.23%             | 2038-03-17      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                                | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    440000 | PA      | $385116.60    | 0.41%             | N/A             | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1435000 | PA      | $1283203.91   | 1.38%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                               | Nexstar Media Inc                                                               | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |    125000 | PA      | $108125.00    | 0.12%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| St. George's University Scholastic Services LLC | University Support Services LLC                                                 | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    103097 | PA      | $100081.89    | 0.11%             | 2029-02-10      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                             | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    349000 | PA      | $287588.64    | 0.31%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                         | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BR2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |      7000 | PA      | $7193.20      | 0.01%             | 2029-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94302.42     | 0.10%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| MESQUITE ENERGY INC                             | MESQUITE ENERGY INC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $1650.00      | 0.00%             | 2023-02-15      | Fixed         | 7.25%                 | No            |                  3 | On Loan: No      |
| Business Jet Securities, LLC                    | Business Jet Securities 2020-1 LLC                                              | CUSIP: 12327FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87665 | PA      | $79848.31     | 0.09%             | 2035-11-15      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| Phoenix Newco Inc                               | Phoenix Newco Inc                                                               | CUSIP: 71911KAC8<br>LEI: 254900PHGVI5379Z9791 | Long             | LON              | CORP              | US        |     49750 | PA      | $47829.15     | 0.05%             | 2028-11-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Sutherland Commercial Mortgage                  | Sutherland Commercial Mortgage Loans 2017-SBC6                                  | CUSIP: 86933YAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       311 | PA      | $310.69       | 0.00%             | 2037-05-25      | Variable      | 3.19%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                                | RCO VI Mortgage LLC 2022-1                                                      | CUSIP: 74934VAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161940 | PA      | $151930.95    | 0.16%             | 2027-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding                  | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RDY7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $258275.66    | 0.28%             | 2027-02-20      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Connectwise, LLC                                | ConnectWise LLC                                                                 | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     53754 | PA      | $50948.12     | 0.05%             | 2028-09-29      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                         | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $19185.24     | 0.02%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Covia Holdings Corporation                      | Covia Holdings LLC                                                              | CUSIP: 22305CAB5<br>LEI: 213800IE4YGTGVTQ1806 | Long             | LON              | CORP              | US        |    115000 | PA      | $110831.25    | 0.12%             | 2026-07-31      | Floating      | 7.75%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva                  | AmeriCredit Automobile Receivables Trust 2020-3                                 | CUSIP: 03066PAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $216037.09    | 0.23%             | 2026-08-18      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Traverse Midstream Partners LLC                 | Traverse Midstream Partners LLC                                                 | CUSIP: 89435TAB0<br>LEI: 549300DHTM8B2X5QMJ22 | Long             | LON              | CORP              | US        |    214515 | PA      | $213776.86    | 0.23%             | 2024-09-27      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    290000 | PA      | $254073.75    | 0.27%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                   | Allstate Corp/The                                                               | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    280000 | PA      | $263200.00    | 0.28%             | 2053-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                           | Venezuela Government International Bond                                         | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    825000 | PA      | $57750.00     | 0.06%             | 2025-04-21      | Fixed         | 7.65%                 | No            |                  3 | On Loan: No      |
| HP INC                                          | HP Inc                                                                          | CUSIP: 40434LAN5<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $281834.35    | 0.30%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                           | Argentine Republic Government International Bond                                | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    440000 | PA      | $124520.00    | 0.13%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                        | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $155761.65    | 0.17%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SEMPRA GLOBAL                                   | Sempra Global                                                                   | CUSIP: 81685VAA1<br>LEI: 549300L0B3MD11PUAA07 | Long             | DBT              | CORP              | US        |    297000 | PA      | $236784.79    | 0.25%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                      | GLS Auto Receivables Issuer Trust 2022-2                                        | CUSIP: 36265NAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $277987.82    | 0.30%             | 2028-04-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                          | Egypt Government International Bond                                             | CUSIP: 03846JW71<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    200000 | PA      | $163000.00    | 0.18%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                           | Indonesia Government International Bond                                         | CUSIP: 455780BX3<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |    240000 | PA      | $236426.40    | 0.25%             | 2027-01-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VZ SECURED FINANCING BV                         | VZ Secured Financing BV                                                         | CUSIP: 91845AAA3<br>LEI: 549300MG611MYCOWY949 | Long             | DBT              | CORP              | NL        |    195000 | PA      | $158461.17    | 0.17%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                        | Science Applications International Corp                                         | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    120000 | PA      | $110999.76    | 0.12%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TVC Mortgage Trust 2020-RTL1                    | TVC Mortgage Trust 2020-RTL1                                                    | CUSIP: 90114YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     70268 | PA      | $70030.26     | 0.08%             | 2024-09-25      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| NAB Holdings LLC                                | NAB Holdings LLC                                                                | CUSIP: 62871NAM7<br>LEI: 549300G4QOYNTNBXSH82 | Long             | LON              | CORP              | US        |     74250 | PA      | $72059.63     | 0.08%             | 2028-11-23      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                            | Chart Industries Inc                                                            | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5026.45      | 0.01%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                        | Trident TPI Holdings Inc                                                        | CUSIP: 89616RAB5<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118798.30    | 0.13%             | 2024-08-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PT PERTAMINA (PERSERO)                          | Pertamina Persero PT                                                            | CUSIP: 69370PAL5<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |    245000 | PA      | $197251.95    | 0.21%             | 2031-02-09      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2021-NQM2R                                  | CUSIP: 64831EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65537 | PA      | $56654.31     | 0.06%             | 2058-10-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| TricorBraun Inc                                 | TricorBraun Holdings Inc                                                        | CUSIP: 00184NAB3<br>LEI: 2549009AB5YVVW5J1U62 | Long             | LON              | CORP              | US        |     83702 | PA      | $79682.19     | 0.09%             | 2028-03-03      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Great Outdoors Group LLC                        | Great Outdoors Group LLC                                                        | CUSIP: 07014QAN1<br>LEI: 549300IYLDI2E8I2AU46 | Long             | LON              | CORP              | US        |     82937 | PA      | $79515.76     | 0.09%             | 2028-03-06      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| CADILLAC FAIRVIEW PRP TR                        | Ontario Teachers' Cadillac Fairview Properties Trust                            | CUSIP: 68327LAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    200000 | PA      | $152457.57    | 0.16%             | 2031-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Amentum Government Services Holdings LLC        | Amentum Government Services Holdings LLC                                        | CUSIP: 57776DAE3<br>LEI: 5493008CT6B5L54YSE94 | Long             | LON              | CORP              | US        |     64838 | PA      | $63034.37     | 0.07%             | 2029-02-15      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| Weld North Education LLC                        | Weld North Education LLC                                                        | CUSIP: 94935RAE3<br>LEI: 254900W855WLN58WNJ32 | Long             | LON              | CORP              | US        |    101473 | PA      | $99316.42     | 0.11%             | 2027-12-21      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| ACC Trust                                       | ACC Trust 2021-1                                                                | CUSIP: 00091KAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $284205.60    | 0.31%             | 2024-12-20      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding                        | Purchasing Power Funding 2021-A LLC                                             | CUSIP: 74615JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    345000 | PA      | $328404.57    | 0.35%             | 2025-10-15      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Lightstone HoldCo LLC                           | Lightstone Holdco LLC                                                           | CUSIP: 53226GAL5<br>LEI: 549300VXK6UGDG7H3G98 | Long             | LON              | CORP              | US        |      6448 | PA      | $5886.87      | 0.01%             | 2027-02-01      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| Hunter Holdco 3 Limited                         | Hunter US Bidco Inc                                                             | CUSIP: 12509YAE6<br>LEI: 549300KXGY77REE4ZR63 | Long             | LON              | CORP              | US        |     66347 | PA      | $64937.00     | 0.07%             | 2028-08-19      | Floating      | 8.98%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                  | EPR Properties                                                                  | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    130000 | PA      | $116807.29    | 0.13%             | 2026-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                        | Northriver Midstream Finance LP                                                 | CUSIP: 66679NAA8<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |    130000 | PA      | $123120.18    | 0.13%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Cascade MH Asset Trust                          | Cascade MH Asset Trust 2021-MH1                                                 | CUSIP: 14731QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    263873 | PA      | $224184.64    | 0.24%             | 2046-02-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                            | Petronas Capital Ltd                                                            | CUSIP: 716743AP4<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    220000 | PA      | $200626.80    | 0.22%             | 2030-04-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2016-4                                      | CUSIP: 64829LAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231746 | PA      | $212814.19    | 0.23%             | 2056-11-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES 2020 TR                         | Alaska Airlines 2020-1 Class A Pass Through Trust                               | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    231886 | PA      | $220702.98    | 0.24%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                              | Aqua Finance Trust 2019-A                                                       | CUSIP: 038370AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    355000 | PA      | $326354.23    | 0.35%             | 2040-07-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| Orange Lake Timeshare Trust                     | Orange Lake Timeshare Trust 2018-A                                              | CUSIP: 68504WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275795 | PA      | $266789.19    | 0.29%             | 2030-11-08      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Consolidated Communications Inc                 | Consolidated Communications Inc                                                 | CUSIP: 20903EBB0<br>LEI: 549300WW675Y48HDVX34 | Long             | LON              | CORP              | US        |     53550 | PA      | $47113.11     | 0.05%             | 2027-10-02      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                                             | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    215000 | PA      | $148618.75    | 0.16%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| Paragon Offshore Finance Company                | Paragon Offshore Finance Co                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |      1238 | PA      | $0.00         | 0.00%             | 2021-07-16      | Floating      | 3.25%                 | No            |                  3 | On Loan: No      |
| REPUBLIC OF ANGOLA                              | Angolan Government International Bond                                           | CUSIP: 035198AB6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    200000 | PA      | $181000.00    | 0.19%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                        | Liberty Mutual Group Inc                                                        | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    255000 | PA      | $207723.01    | 0.22%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                    | Barclays PLC                                                                    | CUSIP: 06738ECE3<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $240994.29    | 0.26%             | 2033-11-02      | Fixed         | 7.44%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2021-9 LLC                                                                 | CUSIP: 69360XAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    129882 | PA      | $116921.37    | 0.13%             | 2026-10-25      | Variable      | 2.36%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                        | Banco Mercantil del Norte SA/Grand Cayman                                       | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    255000 | PA      | $210343.13    | 0.23%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PAI Holdco Inc                                  | PAI Holdco Inc                                                                  | CUSIP: 69315JAG8<br>LEI: 2549001NJ55NUV372F56 | Long             | LON              | CORP              | US        |     49300 | PA      | $43229.75     | 0.05%             | 2027-10-28      | Floating      | 8.16%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                           | American Homes 4 Rent 2015-SFR2 Trust                                           | CUSIP: 02666BAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340000 | PA      | $324134.10    | 0.35%             | 2052-10-17      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Foundation Finance Trust                        | Foundation Finance Trust 2021-1                                                 | CUSIP: 35041LAA8<br>LEI: 549300MQ65NOVQXYNB21 | Long             | ABS-O            | CORP              | US        |    142993 | PA      | $127887.53    | 0.14%             | 2041-05-15      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile R                  | Foursight Capital Automobile Receivables Trust 2021-2                           | CUSIP: 35105UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $213558.98    | 0.23%             | 2027-07-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                         | Brown Group Holding LLC                                                         | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    102305 | PA      | $100272.98    | 0.11%             | 2028-06-07      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                          | Bank of New York Mellon Corp/The                                                | CUSIP: 064058AH3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    165000 | PA      | $158421.45    | 0.17%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NMG HLDCO/NEIMAN MARCUS                         | NMG Holding Co Inc / Neiman Marcus Group LLC                                    | CUSIP: 62929RAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $159335.48    | 0.17%             | 2026-04-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                  | PulteGroup Inc                                                                  | CUSIP: 745867AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $139657.47    | 0.15%             | 2033-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TITAN ACQ/CO-BORROWER                           | Titan Acquisition Ltd / Titan Co-Borrower LLC                                   | CUSIP: 88827AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    130000 | PA      | $117076.45    | 0.13%             | 2026-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2022-5                                               | CUSIP: 924921AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    341500 | PA      | $312598.39    | 0.34%             | 2067-04-25      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Sophia LP                                       | Sophia LP                                                                       | CUSIP: 83578BAN3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    102477 | PA      | $98698.62     | 0.11%             | 2027-10-07      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                        | Service Properties Trust                                                        | CUSIP: 44106MAW2<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |    125000 | PA      | $98450.00     | 0.11%             | 2027-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                        | Mill City Mortgage Loan Trust 2019-1                                            | CUSIP: 59981AAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    164697 | PA      | $139852.41    | 0.15%             | 2069-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 91282CCU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2390000 | PA      | $2317833.21   | 2.49%             | 2023-08-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                            | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    295000 | PA      | $216754.29    | 0.23%             | 2036-09-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                        | Prudential Financial Inc                                                        | CUSIP: 744320BK7<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     44000 | PA      | $42524.94     | 0.05%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                        | Antero Midstream Partners LP / Antero Midstream Finance Corp                    | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $106675.15    | 0.11%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                        | Mill City Mortgage Loan Trust 2017-1                                            | CUSIP: 59981HAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $93036.08     | 0.10%             | 2058-11-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| PAR PHARMACEUTICAL INC                          | Par Pharmaceutical Inc                                                          | CUSIP: 69888XAA7<br>LEI: 549300KK5WR4MGN4YT97 | Long             | DBT              | CORP              | US        |     85000 | PA      | $64597.85     | 0.07%             | 2027-04-01      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                            | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AG6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    180000 | PA      | $180450.00    | 0.19%             | 2026-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                              | BX Trust 2019-OC11                                                              | CUSIP: 05606FAL7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    295000 | PA      | $235090.04    | 0.25%             | 2041-12-09      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                  | Carvana Auto Receivables Trust 2019-2                                           | CUSIP: 14686UAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152075 | PA      | $150864.12    | 0.16%             | 2025-01-15      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                                  | Albemarle Corp                                                                  | CUSIP: 012653AE1<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |    270000 | PA      | $254471.71    | 0.27%             | 2032-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SRS Distribution Inc                            | SRS Distribution Inc                                                            | CUSIP: 78466YAQ1<br>LEI: 549300ZQ3XP75BCYM468 | Long             | LON              | CORP              | US        |     14888 | PA      | $14198.95     | 0.02%             | 2028-06-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| DISCOVER FINANCIAL SVS                          | Discover Financial Services                                                     | CUSIP: 254709AS7<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    206000 | PA      | $209394.17    | 0.22%             | 2032-11-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA                           | Guatemala Government Bond                                                       | CUSIP: 401494AV1<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    200000 | PA      | $191850.00    | 0.21%             | 2029-08-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAYPORT POLYMERS LLC                            | Bayport Polymers LLC                                                            | CUSIP: 073096AC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $297994.09    | 0.32%             | 2032-04-14      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Raptor Acquisition Corp                         | Great Canadian Gaming Corp                                                      | CUSIP: 000000000<br>LEI: 549300FU60SSFLTE0M84 | Long             | LON              | CORP              | CA        |     34912 | PA      | $34199.37     | 0.04%             | 2026-11-01      | Floating      | 8.75%                 | No            |                  2 | On Loan: No      |
| UKG Inc                                         | UKG Inc                                                                         | CUSIP: 90385KAK7<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |    103593 | PA      | $98413.71     | 0.11%             | 2026-05-04      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                           | Bausch Health Cos Inc                                                           | CUSIP: 071734AQ0<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     77000 | PA      | $60048.04     | 0.06%             | 2028-09-30      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                   | Sales Tax Securitization Corp                                                   | CUSIP: 79467BDK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $29386.62     | 0.03%             | 2043-01-01      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                        | Saudi Government International Bond                                             | CUSIP: 80413TBA6<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $211800.00    | 0.23%             | 2032-10-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                     | Hertz Vehicle Financing LLC                                                     | CUSIP: 42806MAA7<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $267926.45    | 0.29%             | 2025-12-26      | Fixed         | 1.21%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2021-1                                                | CUSIP: 89179YAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $179952.02    | 0.19%             | 2061-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Spectrum Holdings III Corp                      | KPEX Holdings Inc                                                               | CUSIP: 84763NAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     78214 | PA      | $71440.34     | 0.08%             | 2025-01-31      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Diamond Resorts Owner Trust                     | Diamond Resorts Owner Trust 2021-1                                              | CUSIP: 25273CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95862 | PA      | $86935.01     | 0.09%             | 2033-11-21      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PBX3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    570000 | PA      | $436006.75    | 0.47%             | 2032-02-04      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                  | Carvana Auto Receivables Trust 2019-3                                           | CUSIP: 14686XAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $254424.22    | 0.27%             | 2026-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BX Trust                                        | BX Trust 2022-CLS                                                               | CUSIP: 05609XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    329000 | PA      | $322022.60    | 0.35%             | 2027-10-13      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 48128BAG6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    103000 | PA      | $90768.75     | 0.10%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                            | SRS Distribution Inc                                                            | CUSIP: 78471RAC0<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |    120000 | PA      | $97022.40     | 0.10%             | 2029-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2019-4                                               | CUSIP: 92537KAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $92810.80     | 0.10%             | 2059-11-25      | Variable      | 3.21%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus                  | Residential Mortgage Loan Trust 2019-2                                          | CUSIP: 76119DAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26559 | PA      | $25783.54     | 0.03%             | 2059-05-25      | Variable      | 2.91%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                        | Scientific Games International Inc                                              | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42925.95     | 0.05%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Safe Fleet Holdings LLC                         | Safe Fleet Holdings LLC                                                         | CUSIP: 000000000<br>LEI: 549300ZCMGQ2DH2RZB13 | Long             | LON              | CORP              | US        |     34825 | PA      | $33584.53     | 0.04%             | 2029-02-23      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC                  | Aruba Investments Holdings LLC                                                  | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |     93580 | PA      | $90694.69     | 0.10%             | 2027-11-24      | Floating      | 8.14%                 | No            |                  2 | On Loan: No      |
| Jack in the Box Funding, LLC                    | Jack in the Box Funding LLC                                                     | CUSIP: 466365AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265950 | PA      | $230563.76    | 0.25%             | 2052-02-26      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Citadel Securities LP                           | Citadel Securities LP                                                           | CUSIP: 17288YAE2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |     59000 | PA      | $58280.79     | 0.06%             | 2028-02-02      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD                        | Coronado Finance Pty Ltd                                                        | CUSIP: 21979LAA4<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |    184000 | PA      | $188140.00    | 0.20%             | 2026-05-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                           | Carriage Services Inc                                                           | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $95291.78     | 0.10%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                      | MFA 2022-NQM2 Trust                                                             | CUSIP: 55285QAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    133025 | PA      | $126853.28    | 0.14%             | 2067-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                             | Suzano Austria GmbH                                                             | CUSIP: 86964WAL6<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    190000 | PA      | $159362.50    | 0.17%             | 2028-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services Inc                     | CHG Healthcare Services Inc                                                     | CUSIP: 000000000<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |    104209 | PA      | $101777.35    | 0.11%             | 2028-09-29      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                                  | PULTEGROUP INC                                                                  | CUSIP: 745867AM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $244486.30    | 0.26%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Anchor Glass Container Corporation              | Anchor Glass Container Corp                                                     | CUSIP: 37712UAE4<br>LEI: 5493004I6HQW11F10C18 | Long             | LON              | CORP              | US        |     48964 | PA      | $35376.29     | 0.04%             | 2023-12-07      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                  | Transocean Inc                                                                  | CUSIP: 893830BQ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     64000 | PA      | $64160.00     | 0.07%             | 2027-01-30      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES                        | Banco de Credito e Inversiones SA                                               | CUSIP: 05890MAA1<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    215000 | PA      | $197571.56    | 0.21%             | 2027-10-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                              | Ally Financial Inc                                                              | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    276000 | PA      | $184575.00    | 0.20%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                        | Jacobs Entertainment Inc                                                        | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117342.03    | 0.13%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NORTHWEST FIBER LLC/NORT                        | Northwest Fiber LLC / Northwest Fiber Finance Sub Inc                           | CUSIP: 667449AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $106935.71    | 0.11%             | 2028-06-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co.,                  | Galton Funding Mortgage Trust 2017-1                                            | CUSIP: 36416UAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10232 | PA      | $9436.46      | 0.01%             | 2056-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| OT MERGER CORP                                  | OT Merger Corp                                                                  | CUSIP: 688777AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $34450.00     | 0.04%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| EG GLOBAL FINANCE PLC                           | eG Global Finance PLC                                                           | CUSIP: 28228PAB7<br>LEI: 549300TL8Q5207VYET27 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $186324.65    | 0.20%             | 2025-10-30      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                     | Visio 2020-1R Trust                                                             | CUSIP: 92837MAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50367 | PA      | $45374.58     | 0.05%             | 2055-11-25      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile R                  | Foursight Capital Automobile Receivables Trust 2019-1                           | CUSIP: 35105RAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $284311.87    | 0.31%             | 2025-09-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                              | VICI Properties LP                                                              | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     65000 | PA      | $61874.63     | 0.07%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                        | OBX 2019-INV1 Trust                                                             | CUSIP: 67098AAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25187 | PA      | $24076.05     | 0.03%             | 2048-11-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| 1375209 BC LTD                                  | 1375209 BC Ltd                                                                  | CUSIP: 68251PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     43000 | PA      | $41871.25     | 0.04%             | 2028-01-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Hyland Software Inc                             | Hyland Software Inc                                                             | CUSIP: 44908XAT5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    225323 | PA      | $221999.74    | 0.24%             | 2024-07-01      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                        | Celanese US Holdings LLC                                                        | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73974.47     | 0.08%             | 2027-07-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                             | General Electric Co                                                             | CUSIP: 369604BQ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    397000 | PA      | $390029.68    | 0.42%             | N/A             | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                           | Micron Technology Inc                                                           | CUSIP: 595112BV4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233628.68    | 0.25%             | 2029-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Jersey Mike's Funding, LLC                      | Jersey Mike's Funding                                                           | CUSIP: 476681AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    213388 | PA      | $191628.38    | 0.21%             | 2050-02-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                          | BP Capital Markets PLC                                                          | CUSIP: 05565QDV7<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $240625.00    | 0.26%             | N/A             | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RCO Mortgage LLC                                | RCO VII Mortgage LLC 2021-2                                                     | CUSIP: 74938JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89546 | PA      | $81855.92     | 0.09%             | 2026-09-25      | Variable      | 2.12%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                                | HF Sinclair Corp                                                                | CUSIP: 403949AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $245205.71    | 0.26%             | 2026-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2016-1                                      | CUSIP: 64829FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     54442 | PA      | $49936.11     | 0.05%             | 2056-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                        | Prudential Financial Inc                                                        | CUSIP: 744320AM4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294750.00    | 0.32%             | 2043-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                      | Flagship Credit Auto Trust 2020-3                                               | CUSIP: 33844TAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $271720.37    | 0.29%             | 2026-09-15      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                         | Dornoch Debt Merger Sub Inc                                                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $73663.39     | 0.08%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Parfums Holding Company Inc                     | Parfums Holding Co Inc                                                          | CUSIP: 69946PAB2<br>LEI: 549300S46D4GK45PA591 | Long             | LON              | CORP              | US        |     76747 | PA      | $70922.99     | 0.08%             | 2024-06-30      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                   | Exeter Automobile Receivables Trust 2019-2                                      | CUSIP: 30167LAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $317919.65    | 0.34%             | 2026-05-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                        | Avolon Holdings Funding Ltd                                                     | CUSIP: 05401AAG6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    188000 | PA      | $171295.36    | 0.18%             | 2026-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                        | Corebridge Financial Inc                                                        | CUSIP: 21871XAN9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |    260000 | PA      | $240249.01    | 0.26%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                           | Arroyo Mortgage Trust 2019-2                                                    | CUSIP: 042858AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    143460 | PA      | $132700.07    | 0.14%             | 2049-04-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                    | Broadcom Inc                                                                    | CUSIP: 11135FBH3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    220000 | PA      | $173276.14    | 0.19%             | 2031-02-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                          | Motorola Solutions Inc                                                          | CUSIP: 620076BL2<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    165000 | PA      | $159811.01    | 0.17%             | 2028-02-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                         | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAD4<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67155.00     | 0.07%             | 2027-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                        | Ferrellgas LP / Ferrellgas Finance Corp                                         | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $37008.90     | 0.04%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                           | Truist Financial Corp                                                           | CUSIP: 89832QAF6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    320000 | PA      | $296000.00    | 0.32%             | N/A             | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS ESCROW CORP                            | Entegris Escrow Corp                                                            | CUSIP: 29365BAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    243000 | PA      | $221600.76    | 0.24%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                        | Telesat Canada / Telesat LLC                                                    | CUSIP: 87952VAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     90000 | PA      | $26032.61     | 0.03%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ITAU UNIBANCO HLDG SA/KY                        | Itau Unibanco Holding SA/Cayman Island                                          | CUSIP: 46556L2A1<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | DBT              | CORP              | BR        |    200000 | PA      | $181662.50    | 0.20%             | 2031-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                          | BBVA Bancomer SA/Texas                                                          | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    275000 | PA      | $246692.19    | 0.27%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                           | Caesars Entertainment Inc                                                       | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44214.75     | 0.05%             | 2027-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| RealPage Inc                                    | RealPage Inc                                                                    | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    103266 | PA      | $97999.17     | 0.11%             | 2028-04-24      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Hardee's Funding LLC and Carls                  | Hardee's Funding LLC                                                            | CUSIP: 411707AH5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    279300 | PA      | $239181.35    | 0.26%             | 2050-12-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                                  | Brunswick Corp/DE                                                               | CUSIP: 117043AT6<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |    265000 | PA      | $194826.96    | 0.21%             | 2031-08-18      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                                             | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    195000 | PA      | $177206.25    | 0.19%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection LLC                   | Caesars Resort Collection LLC                                                   | CUSIP: 12769LAB5<br>LEI: 549300V3UCT773B1KR38 | Long             | LON              | CORP              | US        |    172838 | PA      | $172289.87    | 0.19%             | 2024-12-23      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| CABLE ONDA SA                                   | Telecomunicaciones Digitales SA                                                 | CUSIP: 12686LAA7<br>LEI: 5299008Q5GONPYNF9J32 | Long             | DBT              | CORP              | PA        |    240000 | PA      | $213750.00    | 0.23%             | 2030-01-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vericrest Opportunity Loan Tra                  | VOLT CVI LLC                                                                    | CUSIP: 92873KAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106586 | PA      | $98471.73     | 0.11%             | 2051-12-26      | Variable      | 2.73%                 | No            |                  2 | On Loan: No      |
| Avid Automobile Receivables Tr                  | Avid Automobile Receivables Trust 2019-1                                        | CUSIP: 05369DAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520000 | PA      | $516016.59    | 0.55%             | 2026-07-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                           | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $22890.00     | 0.02%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                      | GLS Auto Receivables Issuer Trust 2019-4                                        | CUSIP: 36258HAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $254283.59    | 0.27%             | 2026-08-17      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| H-Food Holdings LLC                             | H-Food Holdings LLC                                                             | CUSIP: 40422KAB7<br>LEI: 549300JY2LK0EQ95YT44 | Long             | LON              | CORP              | US        |    135590 | PA      | $119928.97    | 0.13%             | 2025-05-23      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| VCAT Asset Securitization, LLC                  | VCAT 2021-NPL3 LLC                                                              | CUSIP: 91824MAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147078 | PA      | $127363.11    | 0.14%             | 2051-05-25      | Variable      | 1.74%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 91282CBU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    950000 | PA      | $940270.82    | 1.01%             | 2023-03-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES                        | Texas Capital Bancshares Inc                                                    | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    345000 | PA      | $306165.28    | 0.33%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2014-2                                                 | CUSIP: 46641YAJ2<br>LEI: 549300BV8AJIRLDGMR51 | Long             | ABS-MBS          | CORP              | US        |     31427 | PA      | $29365.15     | 0.03%             | 2029-06-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| OWL ROCK CORE INCOME COR                        | OWL Rock Core Income Corp                                                       | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    159000 | PA      | $143371.66    | 0.15%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Pearl Intermediate Parent LLC                   | PetVet Care Centers LLC                                                         | CUSIP: 70476XAC9<br>LEI: 549300V0HK8MSXZNOM91 | Long             | LON              | CORP              | US        |    121914 | PA      | $113456.55    | 0.12%             | 2025-02-14      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| DXP Enterprises Inc                             | DXP Enterprises Inc/TX                                                          | CUSIP: 23338DAP1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     98000 | PA      | $92977.50     | 0.10%             | 2027-12-23      | Floating      | 9.95%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                   | TransDigm Inc                                                                   | CUSIP: 89364MBQ6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     71996 | PA      | $71146.97     | 0.08%             | 2025-05-30      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                          | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $82854.68     | 0.09%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                   | Exeter Automobile Receivables Trust 2019-1                                      | CUSIP: 30167DAD9<br>LEI: 549300KR7NUJOX0UJ040 | Long             | ABS-O            | CORP              | US        |    105688 | PA      | $105544.62    | 0.11%             | 2024-12-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Proofpoint Inc                                  | Proofpoint Inc                                                                  | CUSIP: 74345HAB7<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |     54263 | PA      | $52062.40     | 0.06%             | 2028-08-31      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| Cinemark USA Inc                                | Cinemark USA Inc                                                                | CUSIP: 172442AS4<br>LEI: 54930008H2137JSCPQ09 | Long             | LON              | CORP              | US        |    118000 | PA      | $113177.32    | 0.12%             | 2025-03-31      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2017-1                                                | CUSIP: 89173FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    135000 | PA      | $125845.23    | 0.14%             | 2056-10-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY DEDICATE                  | Metropolitan Transportation Authority                                           | CUSIP: 59260XAW8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    260000 | PA      | $279354.56    | 0.30%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                           | McGraw-Hill Education Inc                                                       | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    135000 | PA      | $111640.61    | 0.12%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                       | CIM Trust 2021-NR4                                                              | CUSIP: 12566DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165604 | PA      | $153072.17    | 0.16%             | 2061-10-25      | Variable      | 2.82%                 | No            |                  2 | On Loan: No      |
| STATE OIL CO OF THE AZER                        | State Oil Co of the Azerbaijan Republic                                         | CUSIP: 000000000<br>LEI: 2549002HARR1VE257O76 | Long             | DBT              | NUSS              | AZ        |    200000 | PA      | $205662.50    | 0.22%             | 2030-03-18      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Palisades Mortgage Loan Trust                   | Palisades Mortgage Loan Trust 2021-RTL1                                         | CUSIP: 69639AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $130188.51    | 0.14%             | 2026-06-25      | Variable      | 2.86%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2017-4                                                | CUSIP: 89173UAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $363235.02    | 0.39%             | 2057-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                   | Lendbuzz Securitization Trust 2022-1                                            | CUSIP: 52607KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    281736 | PA      | $269628.19    | 0.29%             | 2027-05-17      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD                          | Eskom Holdings SOC Ltd                                                          | CUSIP: 29646AAB2<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    220000 | PA      | $199622.50    | 0.21%             | 2025-02-11      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CDK Global Inc                                  | Central Parent Inc                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     45000 | PA      | $44539.65     | 0.05%             | 2029-07-06      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                    | CSMC 2020-RPL4 Trust                                                            | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    219372 | PA      | $194510.38    | 0.21%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                        | Ascent Resources Utica Holdings LLC / ARU Finance Corp                          | CUSIP: 04364VAR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $161732.93    | 0.17%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                            | Enel Finance International NV                                                   | CUSIP: 29278GBA5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $211353.54    | 0.23%             | 2032-10-14      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                     | Ivory Coast Government International Bond                                       | CUSIP: 221625AM8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    200000 | PA      | $193500.00    | 0.21%             | 2028-03-03      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                           | Bausch Health Cos Inc                                                           | CUSIP: 071734AR8<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     14000 | PA      | $8311.05      | 0.01%             | 2030-10-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                    | METLIFE SECURITIZATION TRUST 2019-1                                             | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     93418 | PA      | $90475.95     | 0.10%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 91282CAD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1985000 | PA      | $1683993.37   | 1.81%             | 2027-07-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| AKUMIN INC                                      | Akumin Inc                                                                      | CUSIP: 01021FAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $96681.26     | 0.10%             | 2025-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Mauser Packaging Solutions Holding Company      | Mauser Packaging Solutions Holding Co                                           | CUSIP: 05604XAP1<br>LEI: 549300DNGHXL0OMHW304 | Long             | LON              | CORP              | US        |    162610 | PA      | $158567.72    | 0.17%             | 2024-04-03      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| BXG Receivables Note Trust                      | BXG Receivables Note Trust 2020-A                                               | CUSIP: 05608TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147940 | PA      | $134330.64    | 0.14%             | 2036-02-28      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings Inc                       | Triton Water Holdings Inc                                                       | CUSIP: 89678QAB2<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | LON              | CORP              | US        |     68344 | PA      | $63321.12     | 0.07%             | 2028-03-31      | Floating      | 7.87%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust                           | Arroyo Mortgage Trust 2019-1                                                    | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    316624 | PA      | $290825.35    | 0.31%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation                     | Epicor Software Corp                                                            | CUSIP: 29426NAN4<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |    105829 | PA      | $101402.87    | 0.11%             | 2027-07-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                          | Aviation Capital Group LLC                                                      | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    355000 | PA      | $310070.25    | 0.33%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se                  | Wells Fargo Mortgage Backed Securities 2020-4 Trust                             | CUSIP: 95002VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     55331 | PA      | $46324.59     | 0.05%             | 2050-07-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                             | Northern Trust Corp                                                             | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    275000 | PA      | $289971.60    | 0.31%             | 2032-11-02      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                    | Ecopetrol SA                                                                    | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |    295000 | PA      | $224937.50    | 0.24%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                     | Asurion LLC                                                                     | CUSIP: 04649VAY6<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |     97777 | PA      | $85371.62     | 0.09%             | 2027-07-31      | Floating      | 7.63%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP V                  | Tobacco Settlement Financing Corp/VA                                            | CUSIP: 88880NAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $536000.34    | 0.58%             | 2046-06-01      | Fixed         | 6.71%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                                 | Ascot Group Ltd                                                                 | CUSIP: 04365XAA6<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |    285000 | PA      | $245143.47    | 0.26%             | 2030-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco Us Inc.                           | Neptune Bidco US Inc                                                            | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |     75000 | PA      | $66797.25     | 0.07%             | 2029-04-11      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Upstream Newco Inc                              | Upstream Newco Inc                                                              | CUSIP: 91678HAF9<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | LON              | CORP              | US        |     57869 | PA      | $49719.08     | 0.05%             | 2026-11-20      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                         | Jefferies Financial Group Inc                                                   | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    310000 | PA      | $236480.25    | 0.25%             | 2031-10-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE GROUP AG                          | Credit Suisse Group AG                                                          | CUSIP: 225401BB3<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $255966.80    | 0.27%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                     | Vistra Corp                                                                     | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |     90000 | PA      | $85956.01     | 0.09%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Avant Credit Card Master Trust                  | Avant Credit Card Master Trust                                                  | CUSIP: 05351KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $265313.58    | 0.29%             | 2027-04-15      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| Arcline FM Holdings, LLC                        | Arcline FM Holdings LLC                                                         | CUSIP: 03960DAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     45000 | PA      | $39600.00     | 0.04%             | 2029-06-25      | Floating      | 11.13%                | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                           | Icahn Enterprises LP / Icahn Enterprises Finance Corp                           | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72067.20     | 0.08%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2021-RPL1 LLC                                                              | CUSIP: 69360GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67478 | PA      | $60030.03     | 0.06%             | 2051-07-25      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card                   | Mercury Financial Credit Card Master Trust                                      | CUSIP: 58940BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $271905.70    | 0.29%             | 2026-03-20      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| M/I HOMES INC                                   | M/I Homes Inc                                                                   | CUSIP: 55305BAS0<br>LEI: 5299005M71FH9CCSFB69 | Long             | DBT              | CORP              | US        |    170000 | PA      | $151038.20    | 0.16%             | 2028-02-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | Ellington Financial Mortgage Trust 2022-1                                       | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    476046 | PA      | $398249.16    | 0.43%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                            | Kyndryl Holdings Inc                                                            | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    285000 | PA      | $189945.13    | 0.20%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2019-2                                                | CUSIP: 89177JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $252848.10    | 0.27%             | 2058-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                        | Global Infrastructure Solutions Inc                                             | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    170000 | PA      | $134566.77    | 0.14%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                             | Charles Schwab Corp/The                                                         | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    285000 | PA      | $227273.25    | 0.24%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pawnee Equipment Receivables                    | Pawneee Equipment Receivables Series 2022-1 LLC                                 | CUSIP: 70410DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $236868.03    | 0.25%             | 2028-07-17      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU                  | WFRBS Commercial Mortgage Trust 2014-C24                                        | CUSIP: 92939KAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    140000 | PA      | $133413.99    | 0.14%             | 2047-11-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                         | GLP Capital LP / GLP Financing II Inc                                           | CUSIP: 361841AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     64000 | PA      | $62753.89     | 0.07%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 91282CBX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    725000 | PA      | $715031.25    | 0.77%             | 2023-04-30      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                          | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    335000 | PA      | $347258.88    | 0.37%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                            | Carnival Corp                                                                   | CUSIP: 000000000<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | LON              | CORP              | PA        |     39000 | PA      | $37286.73     | 0.04%             | 2025-06-30      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                             | Ecuador Government International Bond                                           | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    125000 | PA      | $79515.63     | 0.09%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                          | Lendmark Funding Trust 2021-1                                                   | CUSIP: 52607MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $246044.76    | 0.26%             | 2031-11-20      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                        | Turning Point Brands Inc                                                        | CUSIP: 90041LAF2<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |    240000 | PA      | $207002.38    | 0.22%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL INSURANCE                        | Liberty Mutual Insurance Co                                                     | CUSIP: 53079QAB3<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26168.79     | 0.03%             | 2025-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                   | Nordstrom Inc                                                                   | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    195000 | PA      | $139444.50    | 0.15%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Blackhawk Network Holdings Inc.                 | Blackhawk Network Holdings Inc                                                  | CUSIP: 09238FAK7<br>LEI: 549300LFU3K8UIR03132 | Long             | LON              | CORP              | US        |     83967 | PA      | $81716.05     | 0.09%             | 2025-06-15      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Rising Tide Holdings Inc                        | Rising Tide Holdings Inc                                                        | CUSIP: 76770EAB3<br>LEI: 254900T03WM6VU0KWL83 | Long             | LON              | CORP              | US        |     58200 | PA      | $26190.00     | 0.03%             | 2028-06-01      | Floating      | 9.48%                 | No            |                  3 | On Loan: No      |
| INVERSIONES CMPC SA                             | Inversiones CMPC SA                                                             | CUSIP: 46128MAN1<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |    350000 | PA      | $315612.50    | 0.34%             | 2030-01-13      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                        | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $131166.25    | 0.14%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Frontera Energy Corp                            | Frontera Energy Corp                                                            | CUSIP: 35905B107<br>LEI: A25574TZFLBNK7NWQT47 | Long             | EC               | CORP              | CA        |       437 | NS      | $3984.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Cooper-Standard Automotive Inc                  | Cooper-Standard Automotive Inc                                                  | CUSIP: 21676TAC9<br>LEI: ITCH5B3Q4RTX2PH9UN62 | Long             | LON              | CORP              | US        |    133108 | PA      | $129946.47    | 0.14%             | 2023-11-02      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| DirectV Financing LLC                           | Directv Financing LLC                                                           | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     96428 | PA      | $93675.60     | 0.10%             | 2027-08-02      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| Hamilton Projects Acquiror LLC                  | Hamilton Projects Acquiror LLC                                                  | CUSIP: 14314VAB9<br>LEI: 5493005K6XILIQ2EZY52 | Long             | LON              | CORP              | US        |    100868 | PA      | $99144.96     | 0.11%             | 2027-06-17      | Floating      | 9.23%                 | No            |                  2 | On Loan: No      |
| AT HOME GROUP INC                               | At Home Group Inc                                                               | CUSIP: 04650YAA8<br>LEI: 549300LGPR0P05O30I24 | Long             | DBT              | CORP              | US        |     35000 | PA      | $24675.00     | 0.03%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                            | Chart Industries Inc                                                            | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107689.05    | 0.12%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Greeneden US Holdings II LLC                    | Genesys Cloud Services Holdings II LLC                                          | CUSIP: 39479UAQ6<br>LEI: 549300CVRD4OUCPHWQ42 | Long             | LON              | CORP              | US        |    103162 | PA      | $98843.09     | 0.11%             | 2027-12-01      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                              | VICI Properties LP                                                              | CUSIP: 925650AD5<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |     65000 | PA      | $60186.75     | 0.06%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PHILIPPINES                         | Philippine Government International Bond                                        | CUSIP: 718286CA3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    400000 | PA      | $326044.00    | 0.35%             | 2041-03-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                        | Angel Oak SB Commercial Mortgage Trust 2020-SBC1                                | CUSIP: 03465BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    177073 | PA      | $168539.09    | 0.18%             | 2050-05-25      | Variable      | 2.07%                 | No            |                  2 | On Loan: No      |
| NewRez Warehouse Securitizatio                  | NewRez Warehouse Securitization Trust 2021-1                                    | CUSIP: 65246PAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160000 | PA      | $155789.01    | 0.17%             | 2055-05-25      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2019-RPL2                                   | CUSIP: 64830HAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $183852.77    | 0.20%             | 2059-02-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Dominion Mortgage Trust                         | Dominion Mortgage Trust 2021-RTL1                                               | CUSIP: 257463AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    345000 | PA      | $310266.44    | 0.33%             | 2027-07-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO                         | KazMunayGas National Co JSC                                                     | CUSIP: 48667QAS4<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $163412.50    | 0.18%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                     | Aker BP ASA                                                                     | CUSIP: 55037AAA6<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    235000 | PA      | $207578.04    | 0.22%             | 2026-07-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                              | Dominican Republic International Bond                                           | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    345000 | PA      | $285228.75    | 0.31%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                            | WR Grace Holdings LLC                                                           | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $48436.20     | 0.05%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2021-2 LLC                                                                 | CUSIP: 69359UAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71413 | PA      | $65748.25     | 0.07%             | 2026-03-25      | Variable      | 2.12%                 | No            |                  2 | On Loan: No      |
| Shearer's Foods LLC                             | Shearer's Foods LLC                                                             | CUSIP: 82087UAL1<br>LEI: 549300AQWIJSYS2CIH04 | Long             | LON              | CORP              | US        |     98829 | PA      | $93996.99     | 0.10%             | 2027-09-23      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                          | Acrisure LLC / Acrisure Finance Inc                                             | CUSIP: 00489LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $160792.23    | 0.17%             | 2025-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    285000 | PA      | $258157.20    | 0.28%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                | Taseko Mines Ltd                                                                | CUSIP: 876511AF3<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    245000 | PA      | $215438.12    | 0.23%             | 2026-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                              | Energy Transfer LP                                                              | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    345000 | PA      | $325579.30    | 0.35%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                        | Consensus Cloud Solutions Inc                                                   | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $36790.74     | 0.04%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY                         | Phillips Edison Grocery Center Operating Partnership I LP                       | CUSIP: 71845JAA6<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              | CORP              | US        |    300000 | PA      | $219531.30    | 0.24%             | 2031-11-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                  | Var Energi ASA                                                                  | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $203720.36    | 0.22%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                        | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13125.00     | 0.01%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Avid Automobile Receivables Tr                  | Avid Automobile Receivables Trust 2019-1                                        | CUSIP: 05369DAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310083 | PA      | $308512.00    | 0.33%             | 2026-07-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                        | New Enterprise Stone & Lime Co Inc                                              | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |    175000 | PA      | $161689.44    | 0.17%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    115000 | PA      | $87608.90     | 0.09%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                      | Viasat Inc                                                                      | CUSIP: 92552VAK6<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74223.01     | 0.08%             | 2025-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corpora                  | Chase Mortgage Finance Corp                                                     | CUSIP: 16164AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    138991 | PA      | $121023.18    | 0.13%             | 2045-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ZEP INC                                         | ZEP INC                                                                         | CUSIP: 98944EAN2<br>LEI: NU75S1Y8UH3706J5CS61 | Long             | LON              | CORP              | US        |    102105 | PA      | $87912.53     | 0.09%             | 2024-08-12      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                           | Caesars Entertainment Inc                                                       | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58300.53     | 0.06%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $160929.69    | 0.17%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY                              | Turkey Government International Bond                                            | CUSIP: 900123CT5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    265000 | PA      | $250093.75    | 0.27%             | 2029-04-26      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CROWNROCK LP/CROWNROCK F                        | CrownRock LP / CrownRock Finance Inc                                            | CUSIP: 228701AF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $106150.00    | 0.11%             | 2025-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO                              | Morocco Government International Bond                                           | CUSIP: 617726AL8<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |    200000 | PA      | $157975.00    | 0.17%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables                   | Exeter Automobile Receivables Trust 2018-4                                      | CUSIP: 30166EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96457 | PA      | $96101.53     | 0.10%             | 2024-09-16      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Ineos US Finance LLC                            | INEOS US Finance LLC                                                            | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    266056 | PA      | $261496.05    | 0.28%             | 2027-11-08      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                 | CMS Energy Corp                                                                 | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    445000 | PA      | $384906.88    | 0.41%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Arbys Funding LLC                               | Arbys Funding LLC                                                               | CUSIP: 038779AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    327462 | PA      | $276760.17    | 0.30%             | 2050-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                           | Nabors Industries Ltd                                                           | CUSIP: 629571AA8<br>LEI: 5493008TXYN3II3PU369 | Long             | DBT              | CORP              | BM        |     70000 | PA      | $65967.93     | 0.07%             | 2026-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TECK RESOURCES LIMITED                          | Teck Resources Ltd                                                              | CUSIP: 878742AE5<br>LEI: T8KI5SQ2JRWHL7XY0E11 | Long             | DBT              | CORP              | CA        |    260000 | PA      | $256895.77    | 0.28%             | 2035-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                           | Venezuela Government International Bond                                         | CUSIP: 922646BL7<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    295000 | PA      | $20650.00     | 0.02%             | 2034-01-13      | Fixed         | 9.38%                 | No            |                  3 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                        | Republic of South Africa Government International Bond                          | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    190000 | PA      | $170762.50    | 0.18%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAJUN GLOBAL LLC                                | Cajun Global LLC                                                                | CUSIP: 12803VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    344750 | PA      | $291973.95    | 0.31%             | 2051-11-20      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing Inc               | American Axle & Manufacturing Inc                                               | CUSIP: 000000000<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    115000 | PA      | $112317.05    | 0.12%             | 2029-12-13      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                      | Progress Residential 2021-SFR3                                                  | CUSIP: 74333VAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115000 | PA      | $97578.97     | 0.10%             | 2026-05-17      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| William Morris Endeavor Entertainment LLC       | William Morris Endeavor Entertainment LLC                                       | CUSIP: 96925HAF9<br>LEI: 5493008R7J9HEQ30DZ33 | Long             | LON              | CORP              | US        |     69678 | PA      | $68040.18     | 0.07%             | 2025-05-18      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                       | Boeing Co/The                                                                   | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     85000 | PA      | $58357.50     | 0.06%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BIO-RAD LABS                                    | Bio-Rad Laboratories Inc                                                        | CUSIP: 090572AQ1<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |    233000 | PA      | $199569.38    | 0.21%             | 2032-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                   | TransDigm Inc                                                                   | CUSIP: 89364MBR4<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |     58930 | PA      | $58139.40     | 0.06%             | 2025-12-09      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                     | MetLife Inc                                                                     | CUSIP: 59156RBT4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    173000 | PA      | $164500.09    | 0.18%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receiva                  | Amur Equipment Finance Receivables IX LLC                                       | CUSIP: 03237KAD6<br>LEI: 549300INEWFFGID70G60 | Long             | ABS-O            | CORP              | US        |    345000 | PA      | $319016.77    | 0.34%             | 2027-06-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                             | Ashtead Capital Inc                                                             | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    360000 | PA      | $336437.56    | 0.36%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                  | Carvana Auto Receivables Trust 2022-N1                                          | CUSIP: 14686GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $260661.70    | 0.28%             | 2028-12-11      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                  | Mariner Finance Issuance Trust 2020-A                                           | CUSIP: 56848MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $271232.25    | 0.29%             | 2034-08-21      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                   | Citigroup Inc                                                                   | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    495000 | PA      | $446433.44    | 0.48%             | 2030-03-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                   | CAFL 2021-RTL1 Issuer LLC                                                       | CUSIP: 12468RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115000 | PA      | $104574.70    | 0.11%             | 2029-03-28      | Variable      | 2.24%                 | No            |                  2 | On Loan: No      |
| Packaging Coordinators Midco Inc.               | Packaging Coordinators Midco Inc                                                | CUSIP: 69515EAH5<br>LEI: 549300SL20D7D39KSB12 | Long             | LON              | CORP              | US        |    117900 | PA      | $111562.88    | 0.12%             | 2027-11-30      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                      | GLS Auto Receivables Issuer Trust 2020-3                                        | CUSIP: 36260CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $275781.56    | 0.30%             | 2026-05-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| VISTRA ENERGY CORP RIGHTS                       | VISTRA ENERGY CORP RIGHTS                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7753 | NS      | $9303.60      | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| UNITED MEXICAN STATES                           | Mexico Government International Bond                                            | CUSIP: 91087BAG5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    340000 | PA      | $258676.25    | 0.28%             | 2050-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DRAWBRIDGE SPEC OPPOR FU                        | Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin | CUSIP: 26150TAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    345000 | PA      | $310948.88    | 0.33%             | 2026-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE                          | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $23968.75     | 0.03%             | 2025-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ABU DHABI GOVT INT'L                            | Abu Dhabi Government International Bond                                         | CUSIP: 29135LAH3<br>LEI: 213800FER4348CINTA77 | Long             | DBT              | NUSS              | AE        |    200000 | PA      | $184850.00    | 0.20%             | 2030-04-16      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                        | Occidental Petroleum Corp                                                       | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    235000 | PA      | $237159.56    | 0.25%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                     | Southern Co/The                                                                 | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    307000 | PA      | $247887.59    | 0.27%             | 2051-09-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                         | Australia & New Zealand Banking Group Ltd                                       | CUSIP: 052528AK2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    335000 | PA      | $321630.06    | 0.35%             | 2026-05-19      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                          | Santander Holdings USA Inc                                                      | CUSIP: 80282KAP1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190733.88    | 0.20%             | 2027-07-13      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Apex Group Treasury Limited                     | Apex Group Treasury LLC                                                         | CUSIP: 000000000<br>LEI: 254900N6HRPDDNW7HP03 | Long             | LON              | CORP              | US        |     79313 | PA      | $75347.15     | 0.08%             | 2028-07-27      | Floating      | 8.26%                 | No            |                  2 | On Loan: No      |
| Avid Automobile Receivables Tr                  | Avid Automobile Receivables Trust 2021-1                                        | CUSIP: 05369LAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115000 | PA      | $101918.04    | 0.11%             | 2028-04-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 91282CEK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $485781.25    | 0.52%             | 2024-04-30      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FAT Brands Royalty I, LLC                       | FAT Brands Royalty LLC                                                          | CUSIP: 31189TAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $281244.32    | 0.30%             | 2051-04-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                       | Gainwell Acquisition Corp                                                       | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    102094 | PA      | $95585.21     | 0.10%             | 2027-10-01      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                            | Saudi Arabian Oil Co                                                            | CUSIP: 80414L2K0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    235000 | PA      | $192083.13    | 0.21%             | 2030-11-24      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                     | Viatris Inc                                                                     | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    285000 | PA      | $222822.76    | 0.24%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 912828ZT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1445000 | PA      | $1311789.06   | 1.41%             | 2025-05-31      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                                     | MetLife Inc                                                                     | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    245000 | PA      | $227543.75    | 0.24%             | N/A             | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                    | METLIFE SECURITIZATION TRUST                                                    | CUSIP: 59166BAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $130484.24    | 0.14%             | 2055-04-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| NMG PARENT LLC.                                 | NMG PARENT LLC.                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       271 | NS      | $39295.00     | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| Carlisle Foodservice Products Incorporated      | Carlisle FoodService Products Inc                                               | CUSIP: 14235UAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    177529 | PA      | $157853.54    | 0.17%             | 2025-03-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Aligned Data Centers Issuer LL                  | Aligned Data Centers Issuer LLC                                                 | CUSIP: 01627AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    285000 | PA      | $243417.30    | 0.26%             | 2046-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    485000 | PA      | $399618.54    | 0.43%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                           | Universal Health Services Inc                                                   | CUSIP: 913903AY6<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    300000 | PA      | $229101.11    | 0.25%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Viant Medical Holdings Inc                      | Viant Medical Holdings Inc                                                      | CUSIP: 58506PAF8<br>LEI: 549300E68YOWU15QSF58 | Long             | LON              | CORP              | US        |    119277 | PA      | $104789.23    | 0.11%             | 2025-07-02      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                         | Cobra AcquisitionCo LLC                                                         | CUSIP: 19106CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $73750.00     | 0.08%             | 2029-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                          | Millennium Escrow Corp                                                          | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $73605.88     | 0.08%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                          | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAG8<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245606.81    | 0.26%             | 2030-03-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                            | CITGO Petroleum Corp                                                            | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117043.20    | 0.13%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Preston Ridge Partners Mortgag                  | PRPM 2021-3 LLC                                                                 | CUSIP: 69357PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160461 | PA      | $143052.37    | 0.15%             | 2026-04-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                        | Celanese US Holdings LLC                                                        | CUSIP: 15089QAR5<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89971.02     | 0.10%             | 2024-07-05      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                       | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C13                     | CUSIP: 61763BAW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $122017.76    | 0.13%             | 2046-11-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA                        | Altice France Holding SA                                                        | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    245000 | PA      | $144621.47    | 0.16%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                          | Brookfield Finance Inc                                                          | CUSIP: 11271LAH5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $240621.67    | 0.26%             | 2031-04-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                        | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    150000 | PA      | $74276.72     | 0.08%             | 2030-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                        | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp              | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $147480.00    | 0.16%             | 2029-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                     | Avient Corp                                                                     | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29325.96     | 0.03%             | 2030-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                   | Corevest American Finance 2020-4 Trust                                          | CUSIP: 21873AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199221 | PA      | $175854.98    | 0.19%             | 2052-12-15      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                       | Boeing Co/The                                                                   | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     69000 | PA      | $62855.15     | 0.07%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Provident Funding Mortgage Tru                  | Provident Funding Mortgage Trust 2019-1                                         | CUSIP: 74387LAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     96999 | PA      | $80672.92     | 0.09%             | 2049-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER CHILE                           | Banco Santander Chile                                                           | CUSIP: 05970FAD3<br>LEI: 3YJP8HORPAEXJ80D6368 | Long             | DBT              | CORP              | CL        |    285000 | PA      | $241769.06    | 0.26%             | 2031-10-26      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC                                | UFC Holdings LLC                                                                | CUSIP: 90266UAJ2<br>LEI: 549300JEOTH7UMZ3C491 | Long             | LON              | CORP              | US        |    107440 | PA      | $105888.19    | 0.11%             | 2026-04-29      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                  | Morgan Stanley                                                                  | CUSIP: 61761JZN2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    345000 | PA      | $325815.56    | 0.35%             | 2027-04-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL WTR & SWR UTIL                  | Broward County FL Water & Sewer Utility Revenue                                 | CUSIP: 115117NJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $174858.24    | 0.19%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                        | JP Morgan Mortgage Trust 2014-1                                                 | CUSIP: 46641CBF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28392 | PA      | $25361.90     | 0.03%             | 2044-01-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                         | HCA Inc                                                                         | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89489.91     | 0.10%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CNTL AMR BOTTLING CORP                          | Central American Bottling Corp / CBC Bottling Holdco SL / Beliv Holdco SL       | CUSIP: 15239XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |     90000 | PA      | $84082.50     | 0.09%             | 2029-04-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2014-1                                      | CUSIP: 64828AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85288 | PA      | $80062.72     | 0.09%             | 2054-01-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                | BAT Capital Corp                                                                | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    340000 | PA      | $365695.49    | 0.39%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes                           | Tricon American Homes 2020-SFR2 Trust                                           | CUSIP: 89613JAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225000 | PA      | $185336.51    | 0.20%             | 2039-11-17      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                 | United States Treasury Note/Bond                                                | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    575000 | PA      | $364181.64    | 0.39%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                           | American Homes 4 Rent 2014-SFR2 Trust                                           | CUSIP: 02665UAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $419780.96    | 0.45%             | 2036-10-17      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                        | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    175000 | PA      | $164494.92    | 0.18%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SG Capital Partners                             | SG Residential Mortgage Trust 2019-3                                            | CUSIP: 78432BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28279 | PA      | $27081.85     | 0.03%             | 2059-09-25      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| VFI ABS LLC                                     | VFI ABS 2022-1 LLC                                                              | CUSIP: 91824CAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360000 | PA      | $339119.86    | 0.36%             | 2028-07-24      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                      | Verus Securitization Trust 2022-7                                               | CUSIP: 92539NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191926 | PA      | $186638.38    | 0.20%             | 2067-07-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| ODEBRECHT OIL & FINANCE                         | Odebrecht Oil & Gas Finance Ltd                                                 | CUSIP: 67576JAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     60071 | PA      | $150.18       | 0.00%             | N/A             | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| Chase Mortgage Finance Corpora                  | Chase Mortgage Finance Corp                                                     | CUSIP: 16163YAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     99956 | PA      | $83741.09     | 0.09%             | 2045-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                            | Neptune Bidco US Inc                                                            | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14137.50     | 0.02%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                        | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp              | CUSIP: 559665AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $120000.00    | 0.13%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                     | Oracle Corp                                                                     | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    360000 | PA      | $373667.73    | 0.40%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                        | Petroleos de Venezuela SA                                                       | CUSIP: 716558AG6<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    650000 | PA      | $30875.00     | 0.03%             | 2024-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                        | Octane Receivables Trust 2020-1                                                 | CUSIP: 67592LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335000 | PA      | $323873.14    | 0.35%             | 2025-06-20      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| DORIC NIMROD 2013-1 CL A                        | Doric Nimrod Air Alpha 2013-1 Class A Pass Through Trust                        | CUSIP: 233283AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GG        |     76836 | PA      | $76251.26     | 0.08%             | 2023-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                           | Level 3 Financing Inc                                                           | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    155000 | PA      | $122093.50    | 0.13%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                             | Oportun Issuance Trust 2021-C                                                   | CUSIP: 68377WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $253695.83    | 0.27%             | 2031-10-08      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| ENDO DAC/FIN LLC/FINCO                          | Endo Dac / Endo Finance LLC / Endo Finco Inc                                    | CUSIP: 29273EAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    100000 | PA      | $5000.00      | 0.01%             | 2023-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                       | CIM TRUST 2022-R2                                                               | CUSIP: 12567NAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     94780 | PA      | $89129.21     | 0.10%             | 2061-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| KITE REALTY GROUP TRUST                         | Kite Realty Group Trust                                                         | CUSIP: 76131VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    295000 | PA      | $259699.13    | 0.28%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                                  | EPR Properties                                                                  | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    150000 | PA      | $108675.18    | 0.12%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Maste                  | Mission Lane Credit Card Master Trust                                           | CUSIP: 60510MAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    360000 | PA      | $348638.76    | 0.37%             | 2026-09-15      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| PODS LLC                                        | PODS LLC                                                                        | CUSIP: 73044EAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     82305 | PA      | $77709.69     | 0.08%             | 2028-03-31      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                         | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWB6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    280000 | PA      | $266594.86    | 0.29%             | 2027-01-26      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | Ellington Financial Mortgage Trust 2021-2                                       | CUSIP: 31572LAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    211809 | PA      | $159445.51    | 0.17%             | 2066-06-25      | Variable      | 1.29%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                              | Ford Motor Co                                                                   | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     60000 | PA      | $43067.57     | 0.05%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST                         | Office Properties Income Trust                                                  | CUSIP: 81618TAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    385000 | PA      | $348868.85    | 0.37%             | 2025-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                           | Dick's Sporting Goods Inc                                                       | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    308000 | PA      | $240390.51    | 0.26%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LEGACY LIFEPOINT HEALTH                         | Legacy LifePoint Health LLC                                                     | CUSIP: 53219LAT6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $51759.95     | 0.06%             | 2025-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR                        | Midcap Financial Issuer Trust                                                   | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $167700.00    | 0.18%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HIN Timeshare Trust 2020-A                      | HIN Timeshare Trust 2020-A                                                      | CUSIP: 40439HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150109 | PA      | $137590.58    | 0.15%             | 2039-10-09      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Grab Holdings Inc                               | Grab Holdings Inc                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | SG        |     97455 | PA      | $95993.47     | 0.10%             | 2026-01-29      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PANAMA                              | Panama Government International Bond                                            | CUSIP: 698299BB9<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    355000 | PA      | $258329.06    | 0.28%             | 2053-04-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                        | Venture Global Calcasieu Pass LLC                                               | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85199.50     | 0.09%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD                         | Reliance Industries Ltd                                                         | CUSIP: 759470BB2<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |    295000 | PA      | $240891.10    | 0.26%             | 2032-01-12      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                         | Surgery Center Holdings Inc                                                     | CUSIP: 84611WAB0<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19715.18     | 0.02%             | 2025-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings, LLC                      | Mileage Plus Holdings LLC                                                       | CUSIP: 59921PAB2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    108000 | PA      | $110943.00    | 0.12%             | 2027-06-21      | Floating      | 10.00%                | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                | COLT 2022-5 Mortgage Loan Trust                                                 | CUSIP: 19688LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    239739 | PA      | $231355.56    | 0.25%             | 2067-04-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Infinite Bidco LLC                              | Infinite Bidco LLC                                                              | CUSIP: 45674KAB1<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |     83427 | PA      | $79742.30     | 0.09%             | 2028-03-02      | Floating      | 7.98%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2017-2                                      | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     54462 | PA      | $51026.20     | 0.05%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2018-1                                      | CUSIP: 64830GAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    117008 | PA      | $109729.82    | 0.12%             | 2057-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY                            | Rackspace Technology Global Inc                                                 | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |    175000 | PA      | $76275.77     | 0.08%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE                         | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp        | CUSIP: 01879NAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $238200.00    | 0.26%             | 2025-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                  | LSB Industries Inc                                                              | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    175000 | PA      | $160116.25    | 0.17%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                | Garda World Security Corp                                                       | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |     40000 | PA      | $38820.00     | 0.04%             | 2026-10-30      | Floating      | 8.93%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                      | LAD Auto Receivables Trust 2021-1                                               | CUSIP: 501683AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290000 | PA      | $261270.83    | 0.28%             | 2029-11-15      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T                  | Ellington Financial Mortgage Trust 2019-2                                       | CUSIP: 31573TAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25276 | PA      | $23669.80     | 0.03%             | 2059-11-25      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDING                                | BlueLinx Holdings Inc                                                           | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |    125000 | PA      | $103750.00    | 0.11%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management              | Dreyfus Government Cash Management                                              | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    647517 | NS      | $647517.26    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2020-1                                                | CUSIP: 89178WAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $85855.62     | 0.09%             | 2060-01-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                       | Towd Point Mortgage Trust 2017-6                                                | CUSIP: 89175JAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $179311.42    | 0.19%             | 2057-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                                    | Illumina Inc                                                                    | CUSIP: 452327AM1<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    245000 | PA      | $196139.11    | 0.21%             | 2031-03-23      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                        | Prudential Financial Inc                                                        | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     73000 | PA      | $66430.00     | 0.07%             | 2052-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $22553.76     | 0.02%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan                   | New Residential Mortgage Loan Trust 2015-2                                      | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66006 | PA      | $61328.23     | 0.07%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Virtus Variable Insurance Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer