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Awards
Barron’s Best Fund Families 2024

Barron’s Best Fund Families: Ranked #4 for best fund family over the 1-year period ended 12/31/2024, among 48 qualifying fund families based on asset- weighted returns.

Objective

Seeks to maximize total return through a combination of current income and capital appreciation by investing primarily in securitized credit investments. The Fund may be appropriate for investors looking to gain exposure to structured product sectors within the fixed income market. 

Growth of $10,000

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges or varying fees and expenses of other share classes. If shown with sales charges or these other fees and expenses, performance could have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.

Inception date is that of a predecessor fund that reorganized into the Fund prior to the Fund's launch on July 1, 2019.

FUND INFORMATION
Style: Real Assets
Total Net Assets: $2.184 Billion
Dividends (Paid): Quarterly
Dividends (Accrued):
Capital Gains: Annually
Fund StatisticS
AS OF 06/30/2025
Name
Weight
Average Maturity (years) 4.5
Duration (years) 0.2

Morningstar Ratings

AS OF 06/30/2025
Class A Shares
Overall (Out of 257 Funds)
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3-Year (Out of 257 Funds)
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5-Year (Out of 233 Funds)
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Class C Shares
Overall (Out of 257 Funds)
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3-Year (Out of 257 Funds)
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5-Year (Out of 233 Funds)
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Class R6 Shares
Overall (Out of 257 Funds)
star-icon star-icon star-icon star-icon star-icon
3-Year (Out of 257 Funds)
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5-Year (Out of 233 Funds)
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Class Z Shares
Overall (Out of 257 Funds)
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3-Year (Out of 257 Funds)
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5-Year (Out of 233 Funds)
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Source: Morningstar. Morningstar Ratings may be calculated based on share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses the fund’s oldest class to determine its hypothetical rating for certain periods. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistent performance, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating.

Barron's Information: PGIM Investments ranked 4 out of 48, 8 out of 47, 12 out of 46 firms for the 1-, 5-, and 10-year periods ended 12/31/2024, respectively.

PGIM Securitized Credit Fund (Class Z) Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 12/31/2024 for the Alternative Credit Focus Funds category were: 6/85, 2/81, 9/78, and N/A, respectively. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category. 

Class {fundClass7} Lipper total return ranking for the 1-, 3-, 5-, and 10-year periods as of 6/30/2025: 56/78, 13/74, 11/70, and N/A, respectively. Past Performance is no guarantee of future results.

*Used with permission. © 2025 Dow Jones & Company, Inc. Source: Barron’s, Feb. 27, 2025. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2024, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2024 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year.

The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed. LSEG Lipper Fund Awards, © 2025 LSEG. All rights reserved. Used under license.

PGIM Securitized Credit Fund (Class R6) total return ranking for the 1-year period: 2/106 funds as of 11/30/2023. Inception date: Class R6: 11/16/2015. Lipper Funds category rankings are based on total return, do not take sales charges into account, and are calculated against all funds in each fund’s respective Lipper category.

Class R6 Lipper total return ranking for the 1-, and 3-year periods as of 12/31/2024 for the Alternative Credit Focus Fund category were: 30/106, and 1/95 funds, respectively. Past performance is no guarantee of future results.

Under normal market conditions, the Fund invests at least 80% of its investable assets in securitized credit investments, including derivative instruments that provide exposure to securitized credit investments and other similar credit instruments. and other similar credit instruments. Securitized credit investments are also referred to as “structured product securities” or “structured products” which bear risks of the underlying investments, index or reference obligation. The Fund may invest in fixed-income securities, which are subject to credit, market and interest-rate risk, including high yield (“junk”) bonds, which are subject to greater credit and market risks. The Fund may also invest in foreign securities, which are subject to currency fluctuation and political uncertainty; mortgage-related and asset-backed securities which are subject to prepayment risks, credit risk, interest rate risk, and liquidity and valuation risk; leveraging techniques, which may magnify loses; and derivative securities, which may carry market, credit, and liquidity risks. The Fund may not be involved in all sectors at a given time. The Fund is non-diversified which means that the Fund may invest a greater percentage of its assets in the securities of a single company or other issuer than a diversified fund. US Government and Agency Securities are subject to market risk, interest rate risk and credit risk. Not all US Government securities are insured or guaranteed by the full faith and credit of the US Government When investing in bank loans, the Fund’s ability to receive payments is subject to counterparty risk. As a new and relatively small fund, the Fund’s performance may not represent how the Fund is expected to perform in the long term. There is a risk that large shareholders may redeem all or a substantial portion of their investments in the Fund at any time, which could have a significantly negative impact on the Fund’s net asset value, liquidity and brokerage costs. These risks may increase the Fund’s share price volatility. There is no guarantee the Fund’s objective will be achieved. Please see the Fund’s Prospectus for more detailed information regarding risks.

Total Returns (%)

as of
RETURNS:
SALES CHARGE:
TOTAL RETURNS (%) WITH SALES CHARGE WITHOUT SALES CHARGE
Cumulative Average Annual
Class Ticker YTD 1-Yr 3-Yr 5-Yr 10-Yr Since Inception

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

For periods prior to July 1, 2019, the Fund’s performance is that of an investment trust (the “Predecessor Fund”), which commenced operations on November 16, 2015. The performance of the Predecessor Fund has been adjusted to reflect the fees and expenses for the applicable class of shares of the Fund. If the performance of the Predecessor Fund had not been adjusted to reflect the fees and expenses of the Fund, the performance may have been higher than the performance shown for each class of shares. The Predecessor Fund was reorganized into the Fund immediately before the Fund commenced operations on July 1, 2019. Prior to the reorganization, the Predecessor Fund was managed by the Fund’s subadviser since its inception (using the same portfolio management team). The investment objective and strategies of the Predecessor Fund were, in all material respects, the same as those of the Fund, and the Predecessor Fund was managed in a manner that, in all material respects, complied with the investment guidelines and restrictions of the Fund. However, the Predecessor Fund was not registered as an investment company under the Investment Company Act of 1940 ("1940 Act") and the Predecessor Fund was not subject to certain investment limitations, diversification requirements, liquidity requirements, daily net asset value calculation requirements and other restrictions imposed by the 1940 Act and the Internal Revenue Code of 1986 which, if applicable, may have resulted in different performance.

See Daily Returns for the PGIM Securitized Credit Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Securitized Credit Fund.

See Daily Returns for the PGIM Securitized Credit Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Securitized Credit Fund.

 

Fund Expenses
Maximum sales charge (%)
Class
Gross (%)
Net (%)
Date*
A 1.39 0.90 01/31/2026 3.25
C 3.24 1.65 01/31/2026 1.00
R6 34.13 0.60 01/31/2026
Z 0.83 0.65 01/31/2026

*This date represents the contractual reduction date through which the net expense ratio is in effect.

Total return describes the return to the investor after net operating expenses but before any sales charges are imposed. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. Benchmark since inception average is based on Class Z inception date. SEC standardized return describes the return to the investor after net operating expense and maximum sales charges are imposed. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.

Morningstar Nontraditional Bond Category Average: Inclusion in nontraditional bond is informed by a balance of factors determined by Morningstar analysts. Those typically include a mix of: absolute return mandates; goals of producing returns not correlated with the overall bond market; performance benchmarks based on ultrashort-term interest rates such as T-bills; the ability to take long and short market and security-level positions using a broad range of derivatives; and few or very limited portfolio constraints on exposure to credit, sectors, currency, or interest-rate sensitivity. Funds in this group typically have the flexibility to manage duration exposure over a wide range of years and to take it to zero or a negative value.

An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.

Prices

AS OF 08/07/2025
Class
NAV ($)
NAV Change ($)
NAV Change (%)
POP ($)
Total Net Assets ($)
A 9.75 Gain 0.01 0.10 10.08 48,438,504.45
C 9.74 No Change 0.00 0.00 29,027,695.07
R6 9.74 No Change 0.00 0.00 12,711,217.24
Z 9.75 Gain 0.01 0.10 2,179,446,954.52

NAV (Net Asset Value) is the $U.S. value of a single share of a fund, excluding any sales charges. Change shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.

See Prices of other PGIM Investments Mutual Funds.

52 Week High/Low

AS OF 08/07/2025
Class
52 Week High ($)
52 Week High Date
52 Week Low ($)
52 Week Low Date
A 9.77 02/20/2025 9.63 04/15/2025
C 9.76 02/28/2025 9.62 04/15/2025
R6 9.77 02/12/2025 9.62 04/14/2025
Z 9.77 02/20/2025 9.63 04/15/2025

For share classes less than one year old, the 52-week high and 52-week low NAVs are calculated from inception to the current date.

Yields

AS OF 06/30/2025
Class SEC 30-Day Subsidized Yield (%) SEC 30-Day Unsubsidized Yield (%) Offer Distb. Yield (%) NAV Distb. Yield (%) SEC-30 Day Sub Taxable Equivalent Yield (%)
A - View Prospectus 4.97 4.92 5.13 5.30
C - View Prospectus 4.39 4.28 4.55
R6 - View Prospectus 5.46 5.22 5.60
Z - View Prospectus 5.40 5.30 5.55

See Yields of other PGIM Investments Mutual Funds.

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

This material must be preceded or accompanied by a current prospectus or summary prospectus. Consider a fund's investment objectives, risks, charges, and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Portfolio Attributes

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.

 

ABOUT

Fund Holdings

AS OF 06/30/2025

Holdings are unaudited, may vary and are subject to change. Please refer to the Fund's annual report for audited holdings information. This is not a recommendation to buy or sell any security listed.

Value ($): Cash securities are calculated using market value and derivative securities are calculated using notional value.

Source: Bank of New York Mellon. Holdings are provided to Prudential Financial by the custodian bank and Prudential Financial is not responsible for any errors or omissions related to the holdings data.

© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate. 

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

4072323 Ed. 12/2024

Security ID# (CUSIP/SEDOL)
Security Description
Ticker Symbol
Coupon Rate
Maturity Date
Shares/Notional
Value ($)
% of Portfolio
74440W862 (pipa070) Pgim Core Government Money Mar 4.42 12/01/2099 81,620,863.00 81,620,862.00 3.71
69344A834 PGIM Aaa Clo Etf PAAA 725,000.00 37,301,250.00 1.69
50190KAN0 LCM 40 Ltd LCM 5.63 01/15/2038 28,000,000.00 28,104,356.00 1.28
46593PAA8 JP Morgan Mortgage Trust Series 2025-he1 JPMMT 5.45 08/25/2055 21,137,880.00 21,093,784.00 0.96
52476AAA1 Legacy Mortgage Asset Trust 2025-pr1 LMAT 6.0 01/25/2061 21,000,000.00 20,941,743.00 0.95
10570MAC4 Bravo Residential Funding Trust 2025-nqm BRAVO 5.33 06/01/2065 20,200,000.00 20,184,169.00 0.92
XS29787348 Nassau Euro Clo Ii Dac NGCE 4.06 04/25/2039 15,000,000.00 17,656,828.00 0.80
XS29897613 Palmer Square European Clo 2025-1 Dac PLMER 4.35 10/15/2039 15,000,000.00 17,694,623.00 0.80
XS30061475 Tikehau Clo Xiii Dac TIKEH 4.02 10/15/2038 15,000,000.00 17,662,662.00 0.80
XS30851111 Monument Clo 3 Dac MNMNT 04/15/2038 15,000,000.00 17,669,250.00 0.80
XS30910405 Tikehau Clo Xi Dac TIKEH 01/15/2038 15,000,000.00 17,695,778.00 0.80
XS29886830 Avoca Clo Xix Dac AVOCA 4.1 04/15/2038 14,000,000.00 16,476,474.00 0.75
90357PBC7 US Bank Na USCLN 5.58 02/25/2032 16,347,408.00 16,322,969.00 0.74
36271RAA4 GS Mortgage Backed Securities Trust 2025 GSMBS 5.57 05/01/2055 16,270,441.00 16,341,090.00 0.74
566076BE4 Marble Point Clo Xviii Ltd MP18 5.93 03/15/2038 15,000,000.00 14,943,505.00 0.68
449251AW7 ICG Us Clo 2020-1 Ltd ICG 5.92 01/20/2035 15,000,000.00 14,979,825.00 0.68
87242BBL3 TCW Clo 2019-2 Ltd TCW 6.07 01/20/2038 15,000,000.00 15,023,407.00 0.68
82666XAA8 Signal Peak Clo 11 Ltd SPEAK 5.72 07/18/2037 15,000,000.00 15,062,623.00 0.68
631704AK9 Nassau 2021-i Ltd NCC 5.96 08/26/2034 14,950,000.00 14,946,785.00 0.68
XS28930321 Henley Clo Xi Dac HNLY 4.01 04/25/2039 12,250,000.00 14,371,157.00 0.65
28622EAW8 Elevation Clo 2021-13 Ltd AWPT 5.86 07/15/2034 13,950,000.00 13,891,557.00 0.63
62916TAA7 NLT 2025-inv1 Trust NLT 5.51 02/01/2070 13,043,755.00 13,111,921.00 0.60
XS29620318 Hayfin Emerald Clo Xiv Dac HAYEM 4.9 01/22/2039 11,000,000.00 12,996,879.00 0.59
67629HAG7 OFSI Bsl Xii Ltd OFSBS 6.07 01/20/2035 12,950,000.00 12,956,908.00 0.59
07135TAE9 Battalion Clo Xxix Ltd BATLN 6.08 03/31/2038 12,500,000.00 12,500,000.00 0.57
XS29885211 SONA Fios Clo Iv Dac FIOS 4.32 04/20/2038 10,000,000.00 11,795,308.00 0.54
XS29938712 Penta Clo 3 Dac PENTA 4.06 10/17/2038 10,000,000.00 11,797,004.00 0.54
XS29996561 ICG Euro Clo 2023-1 Dac ICGE 4.18 10/19/2038 10,000,000.00 11,747,660.00 0.53
XS30040079 TORO European Clo 10 Dac TCLO 4.21 04/15/2038 10,000,000.00 11,772,408.00 0.53
XS29918879 Canyon Euro Clo 2025-1 Dac CANYE 4.17 04/15/2038 10,000,000.00 11,690,282.00 0.53
74143HAA3 PRET 2025-npl3 Llc PRET 6.71 04/25/2055 11,616,375.00 11,717,219.00 0.53
55819GAW9 Madison Park Funding Xxxiv Ltd MDPK 5.63 10/16/2037 11,500,000.00 11,544,739.00 0.52
69291YAA6 PK Alift Loan Funding 6 Lp PKAIR 5.37 11/15/2042 11,200,000.00 11,233,112.00 0.51
28623RBG2 Elevation Clo 2021-14 Ltd AWPT 5.97 01/20/2038 11,000,000.00 10,989,003.00 0.50
05625BAG4 BLP Commercial Mortgage Trust 2025-ind BLP 6.56 03/15/2042 10,759,000.00 10,651,606.00 0.48
74390WAA0 PRPM 2025-rpl1 Llc PRPM 4.0 03/25/2055 10,764,033.00 10,475,479.00 0.48
XS26365889 CVC Cordatus Loan Fund Xxviii Dac CORDA 5.14 08/15/2036 9,000,000.00 10,623,998.00 0.48
97316DAQ9 WIND River 2021-3 Clo Ltd WINDR 6.02 04/20/2038 10,350,000.00 10,368,828.00 0.47
82670QAS8 Signal Peak Clo 9 Ltd SPEAK 6.02 01/21/2038 10,415,000.00 10,419,621.00 0.47
05615EAA3 BSTN Commercial Mortgage Trust 2025-1c BSTN 5.55 06/01/2044 10,200,000.00 10,428,781.00 0.47
00834MAD5 Affirm Asset Securitization Trust 2025-x AFFRM 6.11 04/15/2030 10,400,000.00 10,412,225.00 0.47
16473RAA2 Cherry Securitization Trust 2025-1 CHRY 6.13 11/15/2032 10,300,000.00 10,404,332.00 0.47
068751AS5 Barrow Hanley Clo I Ltd BARHN 6.01 01/20/2038 10,000,000.00 10,018,724.00 0.46
03331TAS9 Anchorage Capital Clo 26 Ltd ANCHC 6.34 03/19/2038 10,000,000.00 10,041,921.00 0.46
29005DAA3 Elmwood Clo 42 Ltd ELM42 5.63 03/31/2038 10,000,000.00 10,025,683.00 0.46
05556KAC6 Bcred Bsl Static Clo 2025-1 Ltd BCSTAT 6.14 07/24/2035 10,000,000.00 10,006,844.00 0.45
05613UAJ0 BX Trust 2025-dime BX 7.31 02/15/2030 10,000,000.00 9,921,937.00 0.45
12433FAJ7 BX Commercial Mortgage Trust 2025-spot BX 8.0 04/15/2040 10,000,000.00 9,919,919.00 0.45
749762AC4 RR 40 Ltd RRAM 6.1 07/15/2038 10,000,000.00 10,010,780.00 0.45
67120UAN7 NYC Commercial Mortgage Trust 2025-3bp NYC 7.85 02/15/2042 10,000,000.00 9,863,810.00 0.45
67449BAD5 OBX 2025-nqm11 Trust OBX 6.15 05/01/2065 10,000,000.00 10,009,723.00 0.45
91831UAF4 VNDO Trust 2016-350p VNDO 4.03 01/01/2035 10,030,000.00 9,756,974.00 0.44
14319HAC3 Carlyle Us Clo 2024-3 Ltd CGMS 6.0 07/25/2036 9,750,000.00 9,774,052.00 0.44
617941AA7 Morgan Stanley Residential Mortgage Loan MSRM 5.63 01/01/2070 9,609,187.00 9,659,189.00 0.44
123912AJ6 BX Trust 2025-tail BX 7.61 06/15/2035 9,430,000.00 9,431,947.00 0.43
03466RAA9 Angel Oak Mortgage Trust 2025-3 AOMT 5.42 03/01/2070 9,532,363.00 9,529,199.00 0.43
XS29220804 Sculptor European Clo Vii Dac SCULE 4.33 01/15/2038 8,000,000.00 9,453,529.00 0.43
78398EAJ4 SCG Commercial Mortgage Trust 2025-dlfn SCG 7.26 03/15/2035 9,825,000.00 9,575,568.00 0.43
XS29543207 Bastille Euro Clo 2020-3 Dac BAST 4.43 01/15/2039 7,750,000.00 9,181,102.00 0.42
534747AA8 Linct 2024-1 A1x 4.33 08/04/2025 9,306,750.00 9,306,750.00 0.42
31684PAA0 Figre Trust 2025-he4 FIGRE 5.41 07/01/2055 9,200,000.00 9,199,881.00 0.42
45339NAA4 Incref 2025-fl1 Llc INCREF 6.05 10/19/2042 9,000,000.00 9,017,713.00 0.41
05765AAE1 Balboa Bay Loan Funding 2024-2 Ltd BOBA 6.02 01/20/2038 9,000,000.00 9,016,773.00 0.41
89183HAB0 TOWD Point Mortgage Trust 2025-ces1 TPMT 5.93 02/01/2055 9,000,000.00 8,999,757.00 0.41
891946AA3 TOWD Point Mortgage Trust 2025-crm1 TPMT 5.8 01/25/2065 8,750,422.00 8,813,262.00 0.40
77119RAA4 ROC Mortgage Trust 2025-rtl1 ROC 5.63 02/25/2040 8,800,000.00 8,818,184.00 0.40
12433FAG3 BX Commercial Mortgage Trust 2025-spot BX 6.8 04/15/2040 9,000,000.00 8,910,112.00 0.40
20755AAD4 Connecticut Avenue Securities Trust 2023 CAS 9.86 01/25/2043 8,000,000.00 8,722,973.00 0.40
80262BAA8 Santander Mortgage Asset Receivable Trus SAN 5.55 01/01/2065 8,552,501.00 8,576,414.00 0.39
749427AC4 RCKT Mortgage Trust 2025-ces1 RCKT 5.91 01/01/2045 8,250,000.00 8,321,531.00 0.38
14688RAA8 Carval Clo Xi C Ltd CARVL 5.66 10/20/2037 8,250,000.00 8,282,713.00 0.38
12674LAA1 COLT 2025-3 Mortgage Loan Trust COLT 5.35 03/01/2070 8,192,903.00 8,208,438.00 0.37
22758PAA0 Cross 2025-h2 Mortgage Trust CROSS 5.36 03/01/2070 8,082,199.00 8,082,602.00 0.37
36272JAE3 GS Mortgage Securities Corp Trust 2024-r GSMS 5.72 08/01/2041 8,000,000.00 8,059,144.00 0.37
67120QAA4 OBX 2025-nqm4 Trust OBX 5.4 02/01/2055 8,116,112.00 8,119,146.00 0.37
67401RAN4 Oaktree Clo 2022-3 Ltd OAKCL 5.64 10/15/2037 8,000,000.00 8,030,577.00 0.36
74970WAJ9 ROCK Trust 2024-cntr ROCC 8.82 11/01/2041 7,500,000.00 7,890,580.00 0.36
92540VAA3 Verus Securitization Trust 2025-2 VERUS 5.31 03/01/2070 7,988,345.00 7,988,650.00 0.36
951913AG7 Wcore Commercial Mortgage Trust 2024-cor WCORE 7.25 11/15/2041 8,000,000.00 8,002,500.00 0.36
38180HAA2 Golub Capital Partners Clo 62b Ltd GCBSL 5.63 10/15/2037 8,000,000.00 8,030,860.00 0.36
46659RAC1 JP Morgan Mortgage Trust 2025-vis2 JPMMT 5.39 01/01/2063 8,000,000.00 8,005,962.00 0.36
04943PAE6 Atlas Senior Loan Fund Xxiv Ltd ATCLO 6.17 01/20/2038 8,000,000.00 8,010,904.00 0.36
009920AA7 ALA Trust 2025-oana ALA 6.04 07/15/2040 7,860,000.00 7,901,767.00 0.36
039955AJ8 ARES Trust 2025-ind3 ARES1 6.86 04/15/2027 8,050,000.00 8,029,875.00 0.36
05493BAA6 Bbcms 2020-bid Mortgage Trust BBCMS 6.57 10/15/2037 7,660,000.00 7,660,000.00 0.35
50205PAA0 Lhome Mortgage Trust 2024-rtl4 LHOME 5.92 07/25/2039 7,733,000.00 7,773,560.00 0.35
924929AC6 Verus Securitization Trust 2025-inv1 VERUS 5.55 02/01/2070 7,684,406.00 7,713,958.00 0.35
XS26788813 Trinitas Euro Clo V Dac TRNTE 4.66 10/25/2037 6,500,000.00 7,662,500.00 0.35
68269JAG6 Onemain Financial Issuance Trust 2023-1 OMFIT 6.38 06/14/2038 7,500,000.00 7,714,428.00 0.35
69392PAA3 PRPM 2025-rcf3 Llc PRPM 5.25 07/01/2055 7,752,000.00 7,745,948.00 0.35
67448YAC8 OBX 2025-nqm3 Trust OBX 5.65 11/07/2064 7,367,389.00 7,407,173.00 0.34
50205UAA9 Lhome Mortgage Trust 2025-rtl1 LHOME 5.65 01/25/2040 7,400,000.00 7,422,528.00 0.34
26846XAA8 EFMT 2025-inv1 EFMT 5.63 03/01/2070 7,471,813.00 7,490,955.00 0.34
62475WAA3 MTN Commercial Mortgage Trust 2022-lpfl MTN 5.72 03/15/2039 7,250,000.00 7,245,468.00 0.33
586915AA8 Menlo Clo I Ltd MENLO 5.69 01/20/2038 7,250,000.00 7,273,825.00 0.33
12571DAA3 CIM Trust 2025-i1 CIM 5.66 10/01/2069 7,139,485.00 7,195,571.00 0.33
69382KAA6 PRPM 2025-4 Llc PRPM 6.18 06/01/2030 7,163,000.00 7,212,794.00 0.33
74143LAA4 PRET 2025-npl5 Llc PRET 6.24 05/25/2055 7,242,443.00 7,270,242.00 0.33
74143VAA2 PRET 2025-npl1 Trust PRET 6.06 02/25/2055 7,266,694.00 7,289,850.00 0.33
73110MAG0 Polen Capital Clo 2025-1 Ltd POLEN 5.96 04/20/2038 7,000,000.00 6,998,621.00 0.32
74391EAA9 PRPM 2025-nqm1 Trust PRPM 5.8 11/01/2069 7,002,008.00 7,059,166.00 0.32
82671CAN9 Signal Peak Clo 10 Ltd SPEAK 5.88 01/24/2038 7,000,000.00 6,953,431.00 0.32
12659UAN2 CQS Us Clo 2021-1 Ltd CQS 6.02 01/20/2035 7,000,000.00 7,007,648.00 0.32
12673UAA2 COLT 2025-inv2 Mortgage Loan Trust COLT 5.6 02/01/2070 6,928,424.00 6,967,118.00 0.32
05874XAL3 Ballyrock Clo 14 Ltd BALLY 5.65 07/20/2037 7,100,000.00 7,123,430.00 0.32
38238FAA8 Goodleap Home Improvement Solutions Trus GDLP 5.32 06/20/2049 7,000,000.00 7,095,081.00 0.32
46590SAD9 JP Morgan Mortgage Trust Series 2025-nqm JPMMT 5.77 09/01/2065 6,879,521.00 6,904,058.00 0.31
12551MAL3 CIFC Funding 2017-v Ltd CIFC 5.69 07/17/2037 6,700,000.00 6,721,100.00 0.31
749426AD4 RCKT Mortgage Trust 2024-ces9 RCKT 5.83 12/01/2044 6,700,000.00 6,750,191.00 0.31
74937YAA6 RCKT Mortgage Trust 2025-ces4 RCKT 5.81 05/01/2055 6,759,726.00 6,826,896.00 0.31
74939GAA3 RCO Viii Mortgage Llc 2025-3 RCO 6.43 05/25/2030 6,653,086.00 6,593,422.00 0.30
86771PAA8 Sunrun Bacchus Issuer 2025-1 Llc SUNRN 5.99 04/30/2060 6,656,301.00 6,637,273.00 0.30
89183HAC8 TOWD Point Mortgage Trust 2025-ces1 TPMT 6.08 02/01/2055 6,500,000.00 6,499,941.00 0.30
009920AE9 ALA Trust 2025-oana ALA 6.39 07/15/2040 6,500,000.00 6,502,031.00 0.30
05593VAN3 BX Trust 2025-roic BX 7.25 03/15/2030 6,500,000.00 6,370,366.00 0.29
05612TAE5 BX Trust 2024-vlt4 BX 6.45 07/15/2029 6,400,000.00 6,386,292.00 0.29
20754MAF4 Connecticut Avenue Securities Trust 2022 CAS 11.11 06/25/2042 5,800,000.00 6,380,445.00 0.29
XS23146519 Albacore Euro Clo Ii Dac ALBAC 3.63 06/15/2034 5,400,000.00 6,359,201.00 0.29
XS29478763 Rockford Tower Europe Clo 2019-1 Dac RFTE 4.34 01/20/2038 5,200,000.00 6,210,635.00 0.28
XS29169933 Indigo Credit Management Ii Dac INDI 4.93 07/15/2038 5,250,000.00 6,201,800.00 0.28
92987LAL1 Wharf Commercial Mortgage Trust 2025-dc WHARF 7.72 07/01/2040 6,000,000.00 6,146,426.00 0.28
69392JAA7 PRET 2025-npl2 Llc PRET 5.84 03/25/2055 6,101,908.00 6,078,928.00 0.28
26846VAA2 EFMT 2025-ces1 EFMT 5.73 02/01/2055 6,027,661.00 6,079,503.00 0.28
46658XAC9 JP Morgan Mortgage Trust Series 2025-ces JPMMT 5.67 05/01/2055 6,226,023.00 6,256,451.00 0.28
47050EAN9 Jamestown Clo Xv Ltd JTWN 5.63 07/15/2035 6,250,000.00 6,263,480.00 0.28
567920AA1 Mariner Finance Issuance Trust 2025-a MFIT 4.98 05/20/2038 5,900,000.00 5,980,054.00 0.27
38237EAA2 Goodleap Home Improvement Solutions Trus GDLP 5.38 02/20/2049 5,903,409.00 5,976,841.00 0.27
00833BAE8 Affirm Master Trust AFRMT 7.18 02/15/2033 6,000,000.00 5,982,816.00 0.27
82671EAA3 Signal Peak Clo 7 Ltd SPEAK 5.69 10/20/2037 6,000,000.00 6,024,624.00 0.27
82811RBE6 Silver Rock Clo I Ltd SLVRK 6.77 10/20/2037 6,000,000.00 6,039,222.00 0.27
XS29394106 Invesco Euro Clo Xiv Dac INVSC 4.83 01/15/2039 5,000,000.00 5,922,408.00 0.27
XS29507159 Aqueduct European Clo 10 Dac AQUE 4.03 01/18/2039 5,000,000.00 5,883,901.00 0.27
XS29553232 Anchorage Capital Europe Clo 8 Dac ANCHE 4.26 10/25/2038 5,000,000.00 5,908,526.00 0.27
XS29787837 Armada Euro Clo Vii Dac ARMDA 3.95 04/15/2039 5,000,000.00 5,898,920.00 0.27
XS23483137 Carlyle Euro Clo 2017-1 Dac CGMSE 3.98 07/15/2034 5,125,000.00 6,033,969.00 0.27
97655EAC7 Wireless Propco Funding Llc SYMTOW 4.07 06/25/2055 6,000,000.00 5,731,637.00 0.26
69391NAA9 PMT Credit Risk Transfer Trust 2024-2r PMTCR 7.66 03/29/2027 5,559,345.00 5,686,972.00 0.26
00833BAK4 Affirm Master Trust AFRMT 5.6 07/15/2033 5,700,000.00 5,718,686.00 0.26
37186XAY1 Genesis Sales Finance Master Trust GSFMT 6.26 12/20/2032 5,667,000.00 5,702,775.00 0.26
22790AAD7 Cross 2025-h4 Mortgage Trust CROSS 5.78 06/01/2070 5,407,971.00 5,447,035.00 0.25
44855PAG3 Hudson Yards 2025-sprl Mortgage Trust HY 6.55 01/01/2040 5,400,000.00 5,590,718.00 0.25
05606FAL7 BX Trust 2019-oc11 BX 4.08 12/01/2041 5,936,000.00 5,549,023.00 0.25
07135LAL0 Battalion Clo Xxiii Ltd BATLN 5.68 10/15/2037 5,500,000.00 5,522,421.00 0.25
12654FAA8 COMM 2024-277p Mortgage Trust COMM 6.34 08/01/2044 5,000,000.00 5,270,112.00 0.24
05555HAN0 BFLD 2024-wrhs Mortgage Trust BFLD 8.0 08/15/2026 5,218,993.00 5,205,945.00 0.24
00833QAD7 Affirm Asset Securitization Trust 2024-x AFFRM 6.08 12/17/2029 5,200,000.00 5,238,757.00 0.24
35564NGA5 Freddie Mac Stacr Remic Trust 2025-dna1 STACR 5.66 01/25/2045 5,300,000.00 5,293,418.00 0.24
693968AA7 PMT Issuer Trust - Fmsr PNMSR 7.07 12/25/2027 5,200,000.00 5,235,273.00 0.24
77341NAQ8 Rockford Tower Clo 2021-3 Ltd ROCKT 6.11 01/15/2038 5,325,000.00 5,335,295.00 0.24
XS24018441 Barings Euro Clo 2020-1 Dac BABSE 3.99 10/21/2034 4,400,000.00 5,178,222.00 0.24
XS23280231 Madison Park Euro Funding Xiii Dac CADOG 3.03 01/15/2032 4,406,255.00 5,172,830.00 0.23
94949FAS2 Wellfleet Clo 2022-2 Ltd WELF 7.92 10/18/2037 5,000,000.00 5,023,695.00 0.23
92243QAA4 VCAT 2025-npl3 Llc VCAT 5.89 02/25/2055 5,082,619.00 5,085,888.00 0.23
87241EAW5 TCW Clo 2019-1 Amr Ltd TCW 6.28 08/16/2034 5,000,000.00 5,019,921.00 0.23
89623VAL5 Trimaran Cavu 2022-1 Ltd CAVU 5.67 10/22/2037 5,000,000.00 5,019,460.00 0.23
69382HAA3 PRPM 2025-2 Llc PRPM 6.47 05/01/2030 5,091,718.00 5,085,975.00 0.23
73015AAA5 PMT Credit Risk Transfer Trust 2024-1r PMTCR 7.81 05/25/2033 4,903,387.00 5,023,104.00 0.23
64131QAQ3 Neuberger Berman Loan Advisers Clo 26 Lt NEUB 6.02 10/18/2038 5,000,000.00 5,015,310.00 0.23
30023JCT3 Evergreen Credit Card Trust EVGRN 5.64 10/15/2028 5,000,000.00 5,001,321.00 0.23
420916AG3 Hayfin Us Xv Ltd HAYFN 6.48 04/28/2037 5,000,000.00 5,039,237.00 0.23
36362HAE8 Gallatin Clo Xi 2024-1 Ltd GALL 6.22 10/20/2037 5,000,000.00 5,020,356.00 0.23
481939AR7 KKR Clo 49 Ltd KKR 5.65 10/20/2037 5,000,000.00 4,999,965.00 0.23
46659RAE7 JP Morgan Mortgage Trust 2025-vis2 JPMMT 5.74 01/01/2063 5,000,000.00 5,003,621.00 0.23
56579UBE5 Marathon Clo 2020-15 Ltd MCLO 5.78 08/15/2037 5,000,000.00 5,021,803.00 0.23
04009GAU1 ARES Liii Clo Ltd ARES 5.98 10/24/2036 5,000,000.00 5,012,503.00 0.23
00889EBA2 Aimco Clo 18 Ltd AIMCO 5.63 07/20/2037 5,000,000.00 5,016,244.00 0.23
05608RAL9 BX Trust 2021-aria BX 6.67 10/15/2036 5,150,000.00 5,137,125.00 0.23
05685BAU0 BAIN Capital Credit Clo 2022-4 Ltd BCC 6.01 10/16/2037 5,000,000.00 5,005,870.00 0.23
12433CAG0 BX Commercial Mortgage Trust 2024-airc BX 7.4 08/15/2039 4,911,841.00 4,929,791.00 0.22
17332HAA3 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.08 01/01/2064 5,194,278.00 4,903,796.00 0.22
05609KAC3 BX Commercial Mortgage Trust 2021-xl2 BX 5.42 10/15/2038 4,760,700.00 4,757,724.00 0.22
05593VAL7 BX Trust 2025-roic BX 6.3 03/15/2030 5,000,000.00 4,925,000.00 0.22
55821LAL8 Madison Park Funding Xxxix Ltd MDPK 6.02 10/22/2034 4,750,000.00 4,759,930.00 0.22
55287JAA4 MFA 2025-nqm1 Trust MFRA 5.44 03/01/2070 4,758,294.00 4,764,980.00 0.22
46659RAF4 JP Morgan Mortgage Trust 2025-vis2 JPMMT 6.2 01/01/2063 4,943,000.00 4,946,796.00 0.22
36271AAA1 GS Mortgage-backed Securities Trust 2024 GSMBS 5.81 01/25/2055 4,789,909.00 4,794,111.00 0.22
64966TGS7 NEW York City Housing Development Corp NYCMFH 5.46 12/15/2031 4,800,000.00 4,930,395.00 0.22
68237DAA1 Ondeck Asset Securitization Iv Llc ONDK 5.08 04/19/2032 4,800,000.00 4,793,791.00 0.22
682413AA7 ONE 2021-park Mortgage Trust ONP 5.13 03/15/2036 5,000,000.00 4,908,432.00 0.22
89183QAC8 TOWD Point Mortgage Trust 2024-ces5 TPMT 5.6 09/01/2064 4,855,000.00 4,862,608.00 0.22
87231EAE7 TCO Commercial Mortgage Trust 2024-dpm TCO 6.3 12/15/2039 4,920,000.00 4,907,700.00 0.22
89183HAD6 TOWD Point Mortgage Trust 2025-ces1 TPMT 6.57 02/01/2055 4,800,000.00 4,799,995.00 0.22
88676LAY7 Tikehau Us Clo Ii Ltd TKO 6.07 01/20/2038 4,600,000.00 4,605,902.00 0.21
77340LAP5 Rockford Tower Clo 2022-2 Ltd ROCKT 6.42 10/20/2035 4,500,000.00 4,518,808.00 0.21
749421AC7 RCKT Mortgage Trust 2024-ces8 RCKT 5.66 11/01/2044 4,700,000.00 4,699,256.00 0.21
92540XAD3 Verus Securitization Trust 2025-5 VERUS 6.01 06/01/2070 4,500,000.00 4,531,544.00 0.21
95003YAE2 WFCM Commercial Mortgage Trust 2024-grp WFCM 7.25 10/15/2041 4,650,000.00 4,666,254.00 0.21
XS23699189 Barings Euro Clo 2021-2 Dac BABSE 4.03 10/15/2034 3,950,000.00 4,639,571.00 0.21
XS28617589 Albacore Euro Clo Iv Dac ALBAC 4.18 07/15/2035 4,000,000.00 4,718,898.00 0.21
XS29319662 Tikehau Clo Ix Dac TIKEH 4.69 01/20/2037 4,000,000.00 4,724,093.00 0.21
281907AB1 EFMT 2024-ces1 EFMT 5.8 01/02/2060 4,685,000.00 4,727,579.00 0.21
48555NAA5 Kapitus Asset Securitization V Llc KAPT 5.46 04/10/2032 4,500,000.00 4,526,429.00 0.21
078915AB1 Bellemeade Re Ltd BMIR 7.51 08/25/2034 4,600,000.00 4,651,831.00 0.21
36270AAA2 GS Mortgage-backed Securities Trust 2024 GSMBS 5.91 08/25/2054 4,339,322.00 4,339,307.00 0.20
89289EBQ6 Tralee Clo Vi Ltd TRAL 6.21 10/25/2032 4,500,000.00 4,510,206.00 0.20
895974AB9 Tricon Residential 2025-sfr1 Trust TCN 5.66 03/17/2042 4,400,000.00 4,406,183.00 0.20
895974AC7 Tricon Residential 2025-sfr1 Trust TCN 5.91 03/17/2042 4,250,000.00 4,248,744.00 0.19
88676PAE2 Tikehau Us Clo Vi Ltd TKO 6.12 07/18/2037 4,100,000.00 4,106,982.00 0.19
74942BAA9 RCKT Mortgage Trust 2025-ces2 RCKT 5.5 02/01/2055 4,081,479.00 4,100,942.00 0.19
XS28765863 Penta Clo 14 Dac PENTA 4.14 10/20/2037 3,500,000.00 4,131,070.00 0.19
38237AAA0 Goodleap Sustainable Home Solutions Trus GOOD 5.7 05/20/2055 4,429,911.00 4,152,349.00 0.19
20754RAJ5 Connecticut Avenue Securities Trust 2021 CAS 10.31 10/25/2041 4,000,000.00 4,175,661.00 0.19
05612FAA3 BX Trust 2024-pat BX 6.4 03/15/2041 4,125,000.00 4,125,000.00 0.19
05377RGC2 AVIS Budget Rental Car Funding Aesop Llc AESOP 5.25 04/20/2029 4,120,000.00 4,199,633.00 0.19
04942MAQ7 Atlas Senior Loan Fund Xv Ltd ATCLO 6.03 10/23/2032 4,000,000.00 4,004,140.00 0.18
05615EAC9 BSTN Commercial Mortgage Trust 2025-1c BSTN 5.95 06/01/2044 3,850,000.00 3,934,590.00 0.18
05555VAC3 BFLD 2024-vict Mortgage Trust BFLD 6.9 07/15/2041 3,900,000.00 3,890,250.00 0.18
12433CAA3 BX Commercial Mortgage Trust 2024-airc BX 6.0 08/15/2039 3,979,950.00 3,994,874.00 0.18
14686BAN7 Carval Clo Vii-c Ltd CARVL 5.71 07/20/2037 4,000,000.00 4,016,303.00 0.18
50205WAA5 Lhome Mortgage Trust 2024-rtl5 LHOME 5.32 09/25/2039 4,000,000.00 3,988,769.00 0.18
XS29305389 LUGO Funding Dac LUGO 4.05 05/26/2066 3,535,000.00 4,045,161.00 0.18
951913AE2 Wcore Commercial Mortgage Trust 2024-cor WCORE 6.55 11/15/2041 4,000,000.00 4,001,250.00 0.18
89183HAE4 TOWD Point Mortgage Trust 2025-ces1 TPMT 6.87 02/01/2055 4,000,000.00 3,999,956.00 0.18
693975AL8 PPM Clo 6-r Ltd PPMC 6.42 01/20/2037 4,000,000.00 4,016,404.00 0.18
682684AD7 Onemain Direct Auto Receivables Trust 20 ODART 6.1 07/14/2037 4,000,000.00 4,060,712.00 0.18
67448PAD5 OBX 2024-nqm12 Trust OBX 5.93 07/01/2064 4,000,000.00 3,995,158.00 0.18
67402CBG0 Oaktree Clo 2019-4 Ltd OAKCL 6.19 07/20/2037 3,750,000.00 3,750,238.00 0.17
67120VAA3 OBX 2025-nqm2 Trust OBX 5.6 11/01/2064 3,713,907.00 3,727,180.00 0.17
67121LAD8 OBX 2025-nqm10 Trust OBX 6.04 05/01/2065 3,800,000.00 3,821,665.00 0.17
748949AE4 RCKT Mortgage Trust 2025-ces6 RCKT 6.16 06/01/2055 3,705,000.00 3,704,981.00 0.17
XS23527433 Invesco Euro Clo Vi Dac INVSC 3.93 07/15/2034 3,250,000.00 3,821,494.00 0.17
20755DAF3 Connecticut Avenue Securities Trust 2022 CAS 9.91 07/25/2042 3,520,301.00 3,794,338.00 0.17
10569NAC5 Bravo Residential Funding Trust 2025-nqm BRAVO 5.68 11/01/2064 3,701,393.00 3,719,197.00 0.17
039955AG4 ARES Trust 2025-ind3 ARES1 6.41 04/15/2027 3,640,000.00 3,639,998.00 0.17
05377RGY4 AVIS Budget Rental Car Funding Aesop Llc AESOP 5.49 06/20/2029 3,400,000.00 3,491,030.00 0.16
36273XAA9 GS Mortgage Securities Corp Trust 2025-8 GSMS 6.96 11/25/2041 3,590,000.00 3,596,416.00 0.16
446438SZ7 Huntington Bank Auto Credit-linked Notes HACLN 6.55 03/21/2033 3,452,451.00 3,440,815.00 0.16
36271AAB9 GS Mortgage-backed Securities Trust 2024 GSMBS 6.31 01/25/2055 3,600,000.00 3,603,639.00 0.16
XS28110889 Monument Clo 1 Dac MNMNT 6.49 05/15/2037 3,000,000.00 3,581,418.00 0.16
XS28131675 Hayfin Emerald Clo X Dac HAYEM 4.34 07/18/2038 3,000,000.00 3,534,489.00 0.16
XS23664204 TORO European Clo 2 Dac TCLO 4.01 07/25/2034 3,000,000.00 3,533,298.00 0.16
95003PAJ0 Wells Fargo Commercial Mortgage Trust 20 WFCM 7.83 07/01/2035 3,500,000.00 3,553,424.00 0.16
652927AJ3 NGC 2024-i Ltd NGC 6.37 07/20/2037 3,500,000.00 3,516,627.00 0.16
86324XAB1 Stream Innovations 2025-1 Issuer Trust STRE 5.48 09/15/2045 3,230,000.00 3,260,127.00 0.15
95003PAG6 Wells Fargo Commercial Mortgage Trust 20 WFCM 6.93 07/01/2035 3,200,000.00 3,232,295.00 0.15
20753XAF1 Connecticut Avenue Securities Trust 2022 CAS 10.56 03/25/2042 3,000,000.00 3,247,439.00 0.15
451955AC2 ILPT Commercial Mortgage Trust 2025-lpf2 ILPT 5.54 07/01/2042 3,250,000.00 3,290,494.00 0.15
03290CAA4 Anchor Mortgage Trust 2025-rtl1 ANCHR 5.72 05/25/2040 3,300,000.00 3,299,933.00 0.15
05608RAJ4 BX Trust 2021-aria BX 6.32 10/15/2036 3,370,000.00 3,363,681.00 0.15
05594CAG9 BX Trust 2025-lunr BX 6.31 06/15/2040 3,400,000.00 3,404,250.00 0.15
17179VAA8 CIM Trust 2024-r1 CIM 4.75 06/01/2064 3,438,411.00 3,410,061.00 0.15
05592AAJ9 BPR Trust 2021-ty BPR 6.13 09/15/2038 3,050,000.00 3,031,060.00 0.14
05613QAC4 BX Commercial Mortgage Trust 2024-air2 BX 6.1 10/15/2041 2,973,458.00 2,979,021.00 0.14
03328TBU8 Anchorage Capital Clo 7 Ltd ANCHC 6.33 04/28/2037 3,124,000.00 3,133,372.00 0.14
482937AB5 KKR Clo 32 Ltd KKR 6.36 04/15/2037 3,000,000.00 3,016,564.00 0.14
47047RAU0 Jamestown Clo Xviii Ltd JTWN 8.03 07/25/2035 3,000,000.00 3,023,899.00 0.14
50177BAL1 LBA Trust 2024-bolt LBA 6.9 06/15/2039 3,120,000.00 3,112,200.00 0.14
19736WAU4 Columbia Cent Clo 30 Ltd CECLO 5.55 01/20/2034 3,000,000.00 3,004,400.00 0.14
20754VAC1 Connecticut Avenue Securities Trust 2025 CAS 6.56 03/25/2045 3,000,000.00 3,045,866.00 0.14
12674UAF0 Coopr Residential Mortgage Trust 2025-ce COOPR 6.13 06/01/2060 3,000,000.00 3,028,162.00 0.14
28623VAS8 Elevation Clo 2021-15 Ltd AWPT 6.13 01/25/2035 3,000,000.00 3,005,882.00 0.14
75888TAQ8 Regatta Xvi Funding Ltd REG16 5.96 01/15/2033 3,000,000.00 3,004,415.00 0.14
80288DAF3 Santander Drive Auto Receivables Trust 2 SDART 5.43 03/17/2031 3,000,000.00 3,047,878.00 0.14
89183EAA9 TOWD Point Mortgage Trust 2024-ces3 TPMT 6.29 05/01/2064 3,029,571.00 3,058,033.00 0.14
67515BAC6 Ocean Trails Clo Xv Ltd OCTR 6.76 01/15/2037 3,000,000.00 3,022,890.00 0.14
74939FAA5 RCKT Mortgage Trust 2024-ces4 RCKT 6.15 06/01/2044 2,824,152.00 2,848,859.00 0.13
75049AAB8 Radnor Re 2024-1 Ltd RMIR 7.21 09/25/2034 2,900,000.00 2,925,383.00 0.13
95003YAC6 WFCM Commercial Mortgage Trust 2024-grp WFCM 6.6 10/15/2041 2,850,000.00 2,864,889.00 0.13
26860XAL5 ELM Trust 2024-elm ELM 6.9 06/01/2039 2,750,000.00 2,759,311.00 0.13
449843AG6 IP 2025-ip Mortgage Trust IP 6.31 06/01/2042 2,830,000.00 2,861,470.00 0.13
05615EAE5 BSTN Commercial Mortgage Trust 2025-1c BSTN 6.44 06/01/2044 2,775,000.00 2,850,100.00 0.13
05615EAG0 BSTN Commercial Mortgage Trust 2025-1c BSTN 6.94 06/01/2044 2,775,000.00 2,840,594.00 0.13
05613QAA8 BX Commercial Mortgage Trust 2024-air2 BX 5.8 10/15/2041 2,877,540.00 2,882,924.00 0.13
05608RAG0 BX Trust 2021-aria BX 6.07 10/15/2036 2,669,000.00 2,665,130.00 0.12
449249AU5 ICG Us Clo 2021-3 Ltd ICG 6.02 10/20/2034 2,750,000.00 2,747,868.00 0.12
14051LAA0 Capital Street Master Trust CAPST 5.65 10/16/2028 2,700,000.00 2,698,552.00 0.12
BHXDDW7 Salus European Loan Conduit No 33 Dac EURO 6.46 01/23/2032 1,961,437.00 2,699,621.00 0.12
XS23222430 Barings Euro Clo 2021-1 Dac BABSE 2.99 04/24/2034 2,200,000.00 2,580,778.00 0.12
XS28091419 UK Logistics 2024-1 Dac UKLOG 6.79 05/17/2034 1,850,000.00 2,582,427.00 0.12
XS30140101 Contego Clo V Dac CONTE 4.01 10/15/2037 2,250,000.00 2,635,921.00 0.12
68269HAD7 Onemain Financial Issuance Trust 2023-2 OMFIT 7.52 09/15/2036 2,500,000.00 2,573,384.00 0.12
74390PAA5 PRPM 2024-6 Llc PRPM 5.7 11/25/2029 2,411,831.00 2,417,470.00 0.11
89642XAE4 Trinitas Clo Xxiv Ltd TRNTS 6.58 04/25/2037 2,500,000.00 2,519,845.00 0.11
89182QAA3 TOWD Point Mortgage Trust 2024-ces4 TPMT 5.12 09/01/2064 2,480,740.00 2,469,693.00 0.11
XS23198667 Carysfort Park Clo Dac CARPK 3.41 07/28/2034 2,000,000.00 2,333,828.00 0.11
XS23143056 Rockford Tower Europe Clo 2021-1 Dac RFTE 3.49 04/20/2034 2,000,000.00 2,333,459.00 0.11
XS24255144 Barings Euro Clo 2015-1 Dac BABSE 3.96 07/25/2035 2,000,000.00 2,362,545.00 0.11
XS28401194 TORO European Clo 8 Dac TCLO 4.33 04/15/2035 2,000,000.00 2,367,720.00 0.11
XS27989855 Nassau Euro Clo Iv Dac NGCE 6.19 07/20/2038 2,000,000.00 2,394,690.00 0.11
XS21149411 Invesco Euro Clo Iv Dac INVSC 3.98 04/15/2033 2,000,000.00 2,350,316.00 0.11
28621YAS4 Elevation Clo 2020-11 Ltd AWPT 6.26 10/15/2037 2,500,000.00 2,501,512.00 0.11
223929AE0 CQS Us Clo 2023-3 Ltd CQS 6.93 01/25/2037 2,400,000.00 2,417,565.00 0.11
59803ABG6 Midocean Credit Clo X MIDO 5.59 10/23/2034 2,500,000.00 2,506,527.00 0.11
62916TAC3 NLT 2025-inv1 Trust NLT 5.86 02/01/2070 2,509,554.00 2,522,521.00 0.11
12649AAA7 CSMC 2014-usa Oa Llc CSMC 3.3 09/01/2037 2,679,334.00 2,471,711.00 0.11
10570PAD5 Bravo Residential Funding Trust 2024-ces BRAVO 5.59 09/01/2054 2,400,000.00 2,412,520.00 0.11
07336YAK1 Bbcms Mortgage Trust 2024-5c31 BBCMS 2.56 12/01/2057 26,275,000.00 2,402,783.00 0.11
05610WAE0 BPR Trust 2023-brk2 BPR 8.63 10/01/2038 2,000,000.00 2,105,309.00 0.10
05609KAG4 BX Commercial Mortgage Trust 2021-xl2 BX 5.82 10/15/2038 2,292,500.00 2,291,067.00 0.10
449843AJ0 IP 2025-ip Mortgage Trust IP 6.85 06/01/2042 2,160,000.00 2,179,671.00 0.10
46188DAE8 Invitation Homes 2024-sfr1 Trust IHSFR 4.25 09/01/2041 2,400,000.00 2,305,747.00 0.10
20755RAG0 Connecticut Avenue Securities Trust 2024 CAS 6.36 09/25/2044 2,300,000.00 2,310,766.00 0.10
19689AAD7 COLT 2025-5 Mortgage Loan Trust COLT 6.3 05/01/2070 2,100,000.00 2,124,500.00 0.10
39571MAB4 Greensky Home Improvement Trust 2024-1 GSKY 5.88 07/25/2059 2,125,687.00 2,136,517.00 0.10
XS30533660 Taurus Cmbs TAURS 07/20/2035 1,650,000.00 2,264,872.00 0.10
XS29295035 Kinbane 2024-rpl 2 Dac KINBN 4.74 01/24/2063 1,900,000.00 2,227,272.00 0.10
89183QAB0 TOWD Point Mortgage Trust 2024-ces5 TPMT 5.2 09/01/2064 2,289,000.00 2,281,052.00 0.10
74390EAA0 PRPM 2024-4 Llc PRPM 6.41 08/25/2029 2,181,504.00 2,186,977.00 0.10
69392AAA6 PMT Credit Risk Transfer Trust 2024-3r PMTCR 7.41 09/27/2028 2,096,131.00 2,095,599.00 0.10
74942AAA1 RCKT Mortgage Trust 2024-ces3 RCKT 6.59 05/01/2044 2,249,701.00 2,278,782.00 0.10
749421AD5 RCKT Mortgage Trust 2024-ces8 RCKT 5.91 11/01/2044 1,900,000.00 1,901,590.00 0.09
749426AA0 RCKT Mortgage Trust 2024-ces9 RCKT 5.58 12/01/2044 1,935,111.00 1,943,354.00 0.09
67515BAG7 Ocean Trails Clo Xv Ltd OCTR 8.96 01/15/2037 2,000,000.00 2,001,049.00 0.09
66858HBC9 Northwoods Capital 22 Ltd WOODS 6.77 09/16/2031 2,000,000.00 2,017,314.00 0.09
89623VAN1 Trimaran Cavu 2022-1 Ltd CAVU 6.12 10/22/2037 2,000,000.00 1,995,371.00 0.09
86773AAB7 Sunrun Vesta Issuer 2024-3 Llc SUNRN 5.88 10/30/2059 2,092,579.00 1,981,864.00 0.09
86271PAN5 Strata Clo Ii Ltd STRTA 6.27 10/20/2033 2,000,000.00 2,003,600.00 0.09
80349BCD7 Saratoga Investment Corp Clo 2013-1 Ltd SARAT 5.57 04/20/2033 2,058,157.00 2,060,272.00 0.09
82671XAS2 Signal Peak Clo 12 Ltd SPEAK 6.07 07/18/2037 2,000,000.00 2,001,387.00 0.09
82811RAY3 Silver Rock Clo I Ltd SLVRK 5.69 10/20/2037 2,000,000.00 2,009,513.00 0.09
82811RBC0 Silver Rock Clo I Ltd SLVRK 6.12 10/20/2037 2,000,000.00 2,003,325.00 0.09
XS30533663 Taurus Cmbs TAURS 07/20/2035 1,500,000.00 2,058,975.00 0.09
98877JAG7 Z CApital Credit Partners Bsl Clo 2024-1 ZBSL 7.91 04/16/2036 2,000,000.00 2,015,602.00 0.09
38237BAA8 Goodleap Sustainable Home Solutions Trus GOOD 6.25 06/20/2057 2,091,166.00 2,037,153.00 0.09
28623VAU3 Elevation Clo 2021-15 Ltd AWPT 6.58 01/25/2035 2,000,000.00 2,011,956.00 0.09
30166XAE4 Exeter Automobile Receivables Trust EART 5.09 10/15/2031 2,000,000.00 2,020,767.00 0.09
36262MAJ7 GS Mortgage Securities Corportation Trus GSMS 7.98 10/15/2036 1,950,000.00 1,916,098.00 0.09
13887TAW7 Canyon Capital Clo 2019-1 Ltd CANYC 6.06 07/15/2037 2,000,000.00 2,003,507.00 0.09
19736WAY6 Columbia Cent Clo 30 Ltd CECLO 6.07 01/20/2034 2,000,000.00 2,001,425.00 0.09
463920AA6 Island Finance Trust 2025-1 ISLN 6.54 03/19/2035 2,000,000.00 2,039,676.00 0.09
50206RAA5 Lhome Mortgage Trust 2025-rtl2 LHOME 5.61 04/25/2040 2,000,000.00 2,008,321.00 0.09
05609QAE6 BX Commercial Mortgage Trust 2021-acnt BX 5.93 11/15/2038 1,985,503.00 1,983,021.00 0.09
05685BAQ9 BAIN Capital Credit Clo 2022-4 Ltd BCC 5.64 10/16/2037 2,000,000.00 2,008,000.00 0.09
03330NAW4 Anchorage Capital Clo 11 Ltd ANCHC 6.22 07/22/2037 2,000,000.00 2,006,822.00 0.09
07133PAL3 Battalion Clo 17 Ltd BATLN 5.57 03/09/2034 2,000,000.00 2,002,806.00 0.09
12478CBA8 Cbamr 2018-8 Ltd CBAMR 8.26 07/15/2037 2,000,000.00 2,015,852.00 0.09
05593UAG0 BPR Commercial Mortgage Trust 2024-park BPR 6.39 11/01/2039 1,630,000.00 1,653,545.00 0.08
46593HAB4 JP Morgan Mortgage Trust 2024-he2 JPMMT 6.0 10/20/2054 1,800,000.00 1,799,990.00 0.08
46188DAC2 Invitation Homes 2024-sfr1 Trust IHSFR 4.0 09/01/2041 1,800,000.00 1,732,089.00 0.08
20754XAC7 Connecticut Avenue Securities Trust 2024 CAS 6.01 07/25/2044 1,750,000.00 1,756,406.00 0.08
26860XBE0 ELM Trust 2024-elm ELM 6.85 06/01/2039 1,830,000.00 1,836,207.00 0.08
XS23053697 CVC Cordatus Loan Fund Vii Dac CORDA 2.61 09/15/2031 1,511,552.00 1,776,970.00 0.08
BMXWTJ8 Bluemountain Fuji Eur Clo V Dac BLUME 3.83 01/15/2033 1,500,000.00 1,764,352.00 0.08
XS30140106 Contego Clo V Dac CONTE 4.46 10/15/2037 1,500,000.00 1,764,285.00 0.08
XS26650461 Hayfin Emerald Clo Xii Dac HAYEM 5.26 01/25/2037 1,500,000.00 1,768,107.00 0.08
XS23476489 ARES European Clo X Dac ARESE 3.06 10/15/2031 1,484,168.00 1,747,447.00 0.08
XS23342569 Crosthwaite Park Clo Dac CRWPK 3.58 03/15/2034 1,500,000.00 1,764,177.00 0.08
XS23699266 ICG Euro Clo 2021-1 Dac ICGE 4.08 10/15/2034 1,500,000.00 1,769,819.00 0.08
91282CLY5 United States Treasury Note/bond T 4.25 11/30/2026 1,700,000.00 1,708,898.00 0.08
69381KAA7 PRPM 2024-5 Llc PRPM 5.69 09/25/2029 1,852,578.00 1,853,773.00 0.08
68270DAD3 Onemain Financial Issuance Trust 2025-1 OMFIT 5.79 07/14/2038 1,800,000.00 1,807,312.00 0.08
74390RAC7 PRPM 2025-rcf1 Llc PRPM 4.5 02/25/2055 1,766,000.00 1,696,057.00 0.08
74390WAB8 PRPM 2025-rpl1 Llc PRPM 4.0 03/25/2055 1,987,000.00 1,861,314.00 0.08
682413AC3 ONE 2021-park Mortgage Trust ONP 5.38 03/15/2036 1,500,000.00 1,440,000.00 0.07
66858HBG0 Northwoods Capital 22 Ltd WOODS 9.27 09/16/2031 1,500,000.00 1,500,795.00 0.07
XS26975915 Palmer Square European Clo 2023-2 Dac PLMER 6.7 10/15/2036 1,250,000.00 1,474,284.00 0.07
XS27798419 Rockford Tower Europe Clo 2018-1 Dac RFTE 6.49 04/24/2037 1,250,000.00 1,468,238.00 0.07
CA74625PAD BX Commercial Mortgage Trust 2024-pure BX 5.26 11/15/2041 2,000,000.00 1,475,145.00 0.07
CA74625PAF BX Commercial Mortgage Trust 2024-pure BX 5.81 11/15/2041 2,000,000.00 1,470,669.00 0.07
28623MAW9 Elevation Clo 2021-12 Ltd AWPT 6.44 04/20/2037 1,500,000.00 1,509,599.00 0.07
28623MBE8 Elevation Clo 2021-12 Ltd AWPT 8.57 04/20/2037 1,500,000.00 1,512,034.00 0.07
62916TAB5 NLT 2025-inv1 Trust NLT 5.71 02/01/2070 1,462,260.00 1,469,843.00 0.07
61778GBC9 Morgan Stanley Bank Of America Merrill L MSBAM 2.86 03/01/2058 14,216,000.00 1,530,966.00 0.07
05593RAJ1 BMO 2024-5c5 Mortgage Trust BMO 2.71 02/01/2057 18,900,000.00 1,603,285.00 0.07
12433BAE7 BX Commercial Mortgage Trust 2024-mdhs BX 6.35 05/15/2041 1,520,830.00 1,522,731.00 0.07
10569RAE2 Bravo Residential Funding Trust 2025-nqm BRAVO 5.8 02/01/2065 1,363,233.00 1,368,379.00 0.06
06875VAJ9 Barrow Hanley Clo Iii Ltd BARHN 8.42 04/20/2037 1,250,000.00 1,266,337.00 0.06
065923AA2 Bank5 2024-5yr8 BANK5 3.0 08/01/2057 13,643,000.00 1,300,674.00 0.06
05594CAK0 BX Trust 2025-lunr BX 6.81 06/15/2040 1,400,000.00 1,402,187.00 0.06
05613QAE0 BX Commercial Mortgage Trust 2024-air2 BX 6.55 10/15/2041 1,246,934.00 1,250,044.00 0.06
05554VAH3 Bbcms Mortgage Trust 2024-5c25 BBCMS 3.38 03/01/2057 14,404,000.00 1,403,844.00 0.06
55316VAL8 MHC Commercial Mortgage Trust 2021-mhc MHC 7.03 04/15/2038 1,365,600.00 1,365,600.00 0.06
44644NAK5 Huntington Bank Auto Credit-linked Notes HACLN 8.3 10/20/2032 1,301,939.00 1,316,186.00 0.06
67579FAA4 Octane Receivables Trust 2024-rvm1 OCTL 5.01 01/22/2046 1,233,550.00 1,245,412.00 0.06
74390RAB9 PRPM 2025-rcf1 Llc PRPM 4.5 02/25/2055 1,400,000.00 1,360,064.00 0.06
89182FAA7 TOWD Point Mortgage Trust TPMT 7.29 10/25/2063 1,275,751.00 1,296,509.00 0.06
89183EAC5 TOWD Point Mortgage Trust 2024-ces3 TPMT 6.81 05/01/2064 1,100,000.00 1,120,593.00 0.05
83012DAQ6 Sixth Street Clo Xvi Ltd SIXST 6.06 01/20/2037 1,000,000.00 1,003,978.00 0.05
83610HAL4 Sound Point Clo Vii-r Ltd SNDPT 5.61 10/23/2031 1,057,089.00 1,057,845.00 0.05
74390WAC6 PRPM 2025-rpl1 Llc PRPM 4.0 03/25/2055 1,172,000.00 1,077,769.00 0.05
74390WAD4 PRPM 2025-rpl1 Llc PRPM 4.0 03/25/2055 1,144,000.00 1,034,559.00 0.05
67118VAJ8 OFSI Bsl Clo Xiii Ltd OFSBS 8.77 04/20/2037 1,000,000.00 1,008,820.00 0.05
682685AD4 Onemain Direct Auto Receivables Trust 20 ODART 7.07 02/14/2033 1,000,000.00 1,049,158.00 0.05
68268VAD7 Onemain Financial Issuance Trust 2022-2 OMFIT 6.55 10/14/2034 1,180,000.00 1,186,156.00 0.05
68269DAE4 Onemain Direct Auto Receivables Trust 20 ODART 5.9 12/16/2030 1,100,000.00 1,104,219.00 0.05
95003EAE6 Wells Fargo Commercial Mortgage Trust 20 WFCM 6.83 05/15/2031 1,100,000.00 1,089,190.00 0.05
95003VAJ7 Wells Fargo Commercial Mortgage Trust 20 WFCM 2.86 07/01/2057 13,169,000.00 1,209,751.00 0.05
92330EAP2 Venture Xix Clo Ltd VENTR 5.78 01/15/2032 1,065,384.00 1,067,497.00 0.05
XS27159511 Anchorage Capital Europe Clo 6 Dac ANCHE 4.99 01/22/2038 1,000,000.00 1,182,217.00 0.05
XS27798412 Rockford Tower Europe Clo 2018-1 Dac RFTE 4.29 04/24/2037 1,000,000.00 1,189,136.00 0.05
36362MAE7 Gallatin Clo X 2023-1 Ltd GALL 7.29 10/14/2035 1,000,000.00 1,005,568.00 0.05
223929AJ9 CQS Us Clo 2023-3 Ltd CQS 8.48 01/25/2037 1,000,000.00 1,009,019.00 0.05
62916TAD1 NLT 2025-inv1 Trust NLT 6.31 02/01/2070 1,070,000.00 1,079,457.00 0.05
44855PAJ7 Hudson Yards 2025-sprl Mortgage Trust HY 6.9 01/01/2040 970,000.00 1,003,951.00 0.05
449652AA4 ILPT Commercial Mortgage Trust 2022-lpf2 ILPT 6.56 10/15/2039 1,190,000.00 1,188,512.00 0.05
48585JAA8 Katayma Clo I Ltd KTAMA 6.27 10/20/2036 1,000,000.00 1,005,506.00 0.05
03328JAC1 Anchorage Capital Clo 19 Ltd ANCHC 6.37 10/15/2034 1,075,000.00 1,080,266.00 0.05
04016DAU9 ARES Xli Clo Ltd ARES 5.97 04/15/2034 1,000,000.00 1,002,271.00 0.05
00834BAJ6 Affirm Asset Securitization Trust 2024-a AFFRM 6.89 02/15/2029 1,000,000.00 1,009,251.00 0.05
05592VAG9 BPR Trust 2024-pmdw BPR 5.85 11/01/2041 1,200,000.00 1,197,716.00 0.05
05592VAQ7 BPR Trust 2024-pmdw BPR 0.21 11/01/2041 149,625,000.00 1,068,083.00 0.05
072926AF5 Bvabs 2024-sn1 D BVABS 6.36 07/16/2029 1,000,000.00 1,013,398.00 0.05
06875RAE9 Barrow Hanley Clo Ii Ltd BARHN 7.27 10/20/2035 1,150,000.00 1,156,369.00 0.05
09660QAA2 BMO 2024-5c3 Xd BMO 3.09 02/01/2057 12,604,000.00 1,129,208.00 0.05
078915AA3 Bellemeade Re Ltd BMIR 6.46 08/25/2034 1,000,000.00 1,001,979.00 0.05
07336QAE2 Bayview Opportunity Master Fund Vii 2024 BVCLN 7.91 12/26/2031 810,965.00 815,710.00 0.04
081927AH8 Benchmark 2024-v6 Mortgage Trust BMARK 3.5 03/01/2057 8,633,500.00 904,718.00 0.04
06211EBE0 Bank5 2023-5yr3 BANK5 3.56 09/01/2056 9,000,000.00 822,880.00 0.04
09661XAJ7 BMO 2024-5c8 Mortgage Trust BMO 2.29 12/01/2057 9,929,000.00 806,279.00 0.04
05610FAF4 BX Commercial Mortgage Trust 2022-ahp BX 7.35 01/17/2039 1,010,000.00 985,889.00 0.04
00834BAK3 Affirm Asset Securitization Trust 2024-a AFFRM 9.17 02/15/2029 900,000.00 909,674.00 0.04
05491VAE6 Bbcms 2018-chrs Mortgage Trust BBCMS 4.41 08/01/2038 1,000,000.00 919,598.00 0.04
05491VAG1 Bbcms 2018-chrs Mortgage Trust BBCMS 4.41 08/01/2038 1,000,000.00 896,710.00 0.04
05491VAJ5 Bbcms 2018-chrs Mortgage Trust BBCMS 4.41 08/01/2038 990,000.00 857,566.00 0.04
27830BBN3 Eaton Vance Clo 2013-1 Ltd EATON 5.77 01/15/2034 800,000.00 801,909.00 0.04
44644NAD1 Huntington Bank Auto Credit-linked Notes HACLN 9.55 05/20/2032 939,170.00 961,505.00 0.04
38237YAA8 Goodleap Sustainable Home Solutions Trus GOOD 6.48 03/20/2057 851,614.00 844,748.00 0.04
35566CBD6 Freddie Mac Stacr Remic Trust 2020-dna6 STACR 7.31 12/25/2050 750,000.00 800,451.00 0.04
XS23881984 ST Pauls Clo SPAUL 2.5 01/17/2032 750,000.00 820,105.00 0.04
XS23264858 BAIN Capital Euro Clo 2018-2 Dac BCCE 2.98 01/20/2032 663,659.00 779,757.00 0.04
XS23312055 Hayfin Emerald Clo Ii Dac HAYEM 3.75 05/27/2034 750,000.00 884,535.00 0.04
922972AE4 Venture 49 Clo Ltd VENTR 6.07 04/20/2037 800,000.00 802,509.00 0.04
95003EAJ5 Wells Fargo Commercial Mortgage Trust 20 WFCM 8.93 05/15/2031 1,000,000.00 990,170.00 0.04
XS23055482 Avoca Capital Clo X Ltd AVOCA 3.63 04/15/2035 750,000.00 878,963.00 0.04
682687AC2 Onemain Direct Auto Receivables Trust 20 ODART 1.42 07/14/2028 900,000.00 884,825.00 0.04
682413AE9 ONE 2021-park Mortgage Trust ONP 5.53 03/15/2036 1,000,000.00 948,467.00 0.04
682413AG4 ONE 2021-park Mortgage Trust ONP 5.93 03/15/2036 850,000.00 797,697.00 0.04
69392PAC9 PRPM 2025-rcf3 Llc PRPM 5.25 07/01/2055 876,000.00 843,254.00 0.04
83614XAS0 Sound Point Clo Xxvi Ltd SNDPT 6.18 07/20/2034 990,000.00 990,320.00 0.04
89181XAM3 TOWD Point Mortgage Trust 2023-ces1 TPMT 6.75 07/01/2063 792,424.00 798,670.00 0.04
91282CMH1 United States Treasury Note/bond T 4.13 01/31/2027 550,000.00 552,578.00 0.03
912797NL7 United States Treasury Bill B 4.22 11/28/2025 600,000.00 589,681.00 0.03
75049AAA0 Radnor Re 2024-1 Ltd RMIR 6.31 09/25/2034 665,690.00 666,341.00 0.03
80282YAH9 Santander Consumer Auto Receivables Trus SCART 3.28 03/15/2027 750,000.00 742,166.00 0.03
74390FAC3 PRPM 2024-rcf6 Llc PRPM 4.0 10/25/2054 700,000.00 656,427.00 0.03
68249DAC3 ONE New York Plaza Trust 2020-1nyp ONYP 5.68 01/15/2036 600,000.00 578,761.00 0.03
67389JAB4 Oaktown Re Vii Ltd OMIR 7.21 04/25/2034 611,097.00 616,601.00 0.03
675930AE1 Octagon 59 Ltd OCT59 6.28 05/15/2035 600,000.00 601,845.00 0.03
XS23077409 Jubilee Clo 2016-xvii Dac JUBIL 3.56 04/15/2031 500,000.00 586,076.00 0.03
95003EAG1 Wells Fargo Commercial Mortgage Trust 20 WFCM 7.93 05/15/2031 690,000.00 683,218.00 0.03
XS23918345 Carlyle Euro Clo 2021-2 Dac CGMSE 4.03 10/15/2035 500,000.00 589,050.00 0.03
XS23390179 Carlyle Global Market Strategies Euro Cl CGMSE 2.89 11/15/2031 554,085.00 651,098.00 0.03
207942AB9 Connecticut Avenue Securities Trust 2023 CAS 7.41 06/25/2043 600,000.00 626,002.00 0.03
20754RAF3 Connecticut Avenue Securities Trust 2021 CAS 7.41 10/25/2041 650,000.00 665,752.00 0.03
20753YAF9 Connecticut Avenue Securities Trust 2022 CAS 9.56 03/25/2042 620,000.00 660,060.00 0.03
465985AB5 JP Morgan Mortgage Trust 2023-he3 JPMMT 6.4 05/20/2054 705,000.00 709,587.00 0.03
62916TAE9 NLT 2025-inv1 Trust NLT 6.6 02/01/2070 750,000.00 735,976.00 0.03
62916TAF6 NLT 2025-inv1 Trust NLT 6.6 02/01/2070 590,000.00 561,315.00 0.03
62916TAH2 NLT 2025-inv1 Trust NLT 0.9 02/01/2070 19,795,574.00 663,151.00 0.03
62432BAQ6 Mountain View Clo Ix Ltd MVW 6.3 07/15/2031 750,000.00 753,339.00 0.03
55821KAC0 Madison Park Funding Xxxviii Ltd MDPK 5.66 07/17/2034 750,000.00 751,239.00 0.03
02007GZ97 ALLY Bank Auto Credit-linked Notes Serie ABCLN 9.89 05/17/2032 554,148.00 570,772.00 0.03
05610QAJ2 BMO 2023-5c2 Mortgage Trust BMO 2.49 11/01/2056 9,500,000.00 615,329.00 0.03
05592AAL4 BPR Trust 2021-ty BPR 6.78 09/25/2038 761,000.00 756,274.00 0.03
07336PAD6 Bayview Opportunity Master Fund Vii 2024 BVCLN 7.06 06/25/2047 729,415.00 743,328.00 0.03
078774AC0 Bellemeade Re 2022-1 Ltd BMIR 8.01 01/26/2032 510,000.00 524,890.00 0.02
07336VBA8 Bbcms Mortgage Trust 2024-c24 BBCMS 1.57 02/01/2057 5,200,000.00 473,891.00 0.02
09660SAA8 BMO 2024-5c4 Mortgage Trust BMO 3.0 02/01/2057 5,500,000.00 473,209.00 0.02
06211FAC2 Bank5 2023-5yr4 BANK5 3.86 12/01/2056 4,500,000.00 451,065.00 0.02
07336HAA0 Bayview Financing Trust 2023-1f BVFT 8.31 07/01/2026 418,266.00 418,600.00 0.02
07336MAA9 Bayview Opportunity Master Fund Vii Trus BVABS 6.97 07/29/2032 421,161.00 421,050.00 0.02
07132JBC7 Battalion Clo X Ltd BATLN 5.71 01/25/2035 500,000.00 501,093.00 0.02
12654FAC4 COMM 2024-277p Mortgage Trust COMM 0.89 08/01/2044 16,500,000.00 449,055.00 0.02
173106AB1 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 4.23 02/01/2063 593,449.00 512,538.00 0.02
173106AC9 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 4.23 02/01/2063 398,942.00 333,108.00 0.02
05592AAG5 BPR Trust 2021-ty BPR 5.58 09/15/2038 355,000.00 353,677.00 0.02
00835AAD0 Affirm Asset Securitization Trust 2024-b AFFRM 5.5 09/15/2029 500,000.00 498,400.00 0.02
05335JAE3 Auxilior Term Funding 2023-1 Llc XCAP 7.27 12/16/2030 500,000.00 525,891.00 0.02
04942PAL1 Atlas Static Senior Loan Fund I Ltd ATSTC 6.91 07/15/2030 500,000.00 501,380.00 0.02
56606KAA3 Marble Point Clo Xxi Ltd MP21 5.78 10/17/2034 500,000.00 500,644.00 0.02
556227AG1 Eleven Madison Trust 2015-11md Mortgage MAD 3.67 09/01/2035 350,000.00 335,854.00 0.02
50202CAC8 LCM 33 Ltd LCM 6.18 07/20/2034 350,000.00 350,567.00 0.02
62916TAG4 NLT 2025-inv1 Trust NLT 6.6 02/01/2070 370,000.00 335,147.00 0.02
50245XAA5 Fashion Show Mall Llc LV 5.27 10/01/2041 500,000.00 504,931.00 0.02
38237CAA6 Goodleap Sustainable Home Solutions Trus GOOD 6.5 07/20/2055 417,026.00 399,357.00 0.02
XS23038202 Taurus 2021-1 Uk Dac TAURS 6.84 05/17/2031 248,177.00 341,186.00 0.02
BL4045797 Tenneco Inc TEN 9.42 11/17/2028 349,014.00 340,725.00 0.02
682413AJ8 ONE 2021-park Mortgage Trust ONP 6.18 03/15/2036 400,000.00 367,386.00 0.02
74390WAE2 PRPM 2025-rpl1 Llc PRPM 4.0 03/25/2055 402,000.00 356,339.00 0.02
86773AAA9 Sunrun Vesta Issuer 2024-3 Llc SUNRN 5.49 10/30/2059 555,952.00 536,364.00 0.02
91282CME8 United States Treasury Note/bond T 4.25 12/31/2026 540,000.00 543,206.00 0.02
90137LAL4 20 Times Square Trust 2018-20ts TSQ 3.2 05/01/2035 520,000.00 416,000.00 0.02
90137LAN0 20 Times Square Trust 2018-20ts TSQ 3.2 05/01/2035 200,000.00 157,000.00 0.01
912797PF8 United States Treasury Bill B 4.24 07/24/2025 200,000.00 199,467.00 0.01
91282CLP4 United States Treasury Note/bond T 3.5 09/30/2026 250,000.00 248,730.00 0.01
912797MH7 United States Treasury Bill B 3.98 09/04/2025 200,000.00 198,462.00 0.01
83608GAN6 Sound Point Clo Ii Ltd SNDPT 5.61 01/26/2031 184,186.00 184,343.00 0.01
82650BAD8 Sierra Timeshare 2023-2 Receivables Fund SRFC 9.72 04/20/2040 185,234.00 192,546.00 0.01
78472UAL2 Sreit Trust 2021-mfp SREIT 7.05 11/15/2038 218,099.00 218,098.00 0.01
7JRAGSJR5M Eur/usd Fwd 20250702 221 EUR 07/02/2025 4,500,000.00 153,231.00 0.01
75049GAB5 Radnor Re 2021-2 Ltd RMIR 8.01 11/25/2031 155,741.00 158,137.00 0.01
75050KAA4 Radnor Re 2023-1 Ltd RMIR 7.01 07/25/2033 242,994.00 244,202.00 0.01
6EHR1ITR19 Eur/usd Fwd 20250702 Midlgb22 EUR 07/02/2025 5,434,613.00 199,486.00 0.01
BM8BFW5 Taurus 2021-4 Uk Dac TAURS 6.34 08/17/2031 159,856.00 219,692.00 0.01
BJFCR57 DECO 2019-ram Dac DECO 4.22 08/07/2030 105,291.00 144,549.00 0.01
BL3287994 Allen Media Llc ALNMED 9.95 02/10/2027 288,944.00 182,576.00 0.01
B8A5CKF71 Tfs_l 8-3-al 2.90 16-mar-2023 Private Pl 2.9 03/15/2026 158,533.00 139,124.00 0.01
XS23565698 LAST Mile Logistics Pan Euro Finance Dac LMLOG 4.03 08/17/2033 98,186.00 115,015.00 0.01
36262MAL2 GS Mortgage Securities Corportation Trus GSMS 8.98 10/15/2036 140,000.00 137,412.00 0.01
51889RAD1 Laurel Road Prime Student Loan Trust 201 LRK 10/25/2048 809,295.00 279,721.00 0.01
46649XAN7 J.P. Morgan Chase Commercial Mortgage Se JPMCC 4.77 07/01/2031 600,000.00 140,999.00 0.01
62916TAK5 NLT 2025-inv1 Trust NLT 0.4 02/01/2070 19,795,574.00 164,449.00 0.01
59802UAN9 Midocean Credit Clo Iii MIDO 6.33 04/21/2031 203,581.00 204,184.00 0.01
55316VAA2 MHC Commercial Mortgage Trust 2021-mhc MHC 5.23 04/15/2038 287,506.00 287,505.00 0.01
05491LAJ7 Bbcms 2016-etc Mortgage Trust BBCMS 3.73 08/05/2036 250,000.00 224,966.00 0.01
04941YAC3 Atlas Senior Loan Fund Xi Ltd ATCLO 5.64 07/26/2031 166,594.00 166,596.00 0.01
173106AD7 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 4.23 02/01/2063 304,204.00 242,266.00 0.01
173106AE5 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 4.23 02/01/2063 179,547.00 134,153.00 0.01
17332HAD7 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.03 01/01/2064 232,164.00 175,278.00 0.01
17332HAE5 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.03 01/01/2064 198,120.00 141,317.00 0.01
12482JAA8 CBAM 2018-7 Ltd CBAM 5.63 07/20/2031 197,773.00 197,978.00 0.01
06540EAA1 BANK 2021-bnk38 BANK 1.27 12/01/2064 322,600.00 314,548.00 0.01
07132ACC5 Battalion Clo Viii Ltd BATLN 5.6 07/18/2030 105,960.00 105,949.00 0.00
12635RBA5 Csail 2015-c4 Commercial Mortgage Trust CSAIL 0.25 11/01/2048 25,076,000.00 162.00 0.00
17332HAF2 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.03 01/01/2064 123,808.00 81,239.00 0.00
17332HAG0 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.03 01/01/2064 92,866.00 55,605.00 0.00
17332HAH8 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.03 01/01/2064 58,821.00 29,633.00 0.00
17332HAJ4 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.03 01/01/2064 74,293.00 29,572.00 0.00
17332HAK1 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 4.03 01/01/2064 70,623.00 26,672.00 0.00
17332HAL9 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 01/01/2064 6,080,851.00 608.00 0.00
17332HAM7 Citigroup Mortgage Loan Trust 2025-rp1 CMLTI 01/01/2064 10,824.00 9,578.00 0.00
173106AF2 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 02/01/2063 64,822.00 45,453.00 0.00
173106AG0 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 02/01/2063 164,547.00 19,891.00 0.00
173106AH8 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 02/01/2063 298,199.00 24,077.00 0.00
173106AJ4 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 02/01/2063 9,079,706.00 907.00 0.00
173106AK1 Citigroup Mortgage Loan Trust 2024-rp2 CMLTI 02/01/2063 12,879.00 11,091.00 0.00
05491LAC2 Bbcms 2016-etc Mortgage Trust BBCMS 3.19 08/05/2036 100,000.00 95,281.00 0.00
05491LAE8 Bbcms 2016-etc Mortgage Trust BBCMS 3.39 08/05/2036 100,000.00 93,502.00 0.00
61764XAA3 Morgan Stanley Bank Of America Merrill L MSBAM 0.09 03/01/2048 10,000,000.00 100.00 0.00
4HI7F3DNTS Cad/usd Fwd 20250805 Mslngb2x CAD 08/05/2025 -4,000,000.00 -20,985.00 0.00
46643ABE2 Jpmbb Commercial Mortgage Securities Tru JPMBB 3.93 09/01/2047 9,618.00 9,555.00 0.00
46645JAL6 Jpmbb Commercial Mortgage Securities Tru JPMBB 0.51 12/01/2048 1,620,000.00 2,634.00 0.00
30298FAG9 Fremf 2019-k735 Mortgage Trust FREMF 0.1 05/01/2026 89,825,597.00 38,651.00 0.00
3137BMTY2 Freddie Mac Multifamily Structured Pass FHMS 0.75 11/01/2025 906,757.00 1,307.00 0.00
3137BSP98 Freddie Mac Multifamily Structured Pass FHMS 1.02 08/01/2026 3,336,283.00 26,249.00 0.00
2SQOSRSC5R Gbp/usd Fwd 20250702 955 GBP 07/02/2025 -4,177,220.00 -95,968.00 0.00
3GL5I4PA33 Cad/usd Fwd 20250702 Scseus31 CAD 07/02/2025 -4,000,000.00 -26,111.00 0.00
12Q8P30MH4 Gbp/usd Fwd 20250804 Citius33 GBP 08/04/2025 -4,177,220.00 -55,034.00 0.00
B8AA7A744 Tfs_18-3 04/16/2040 1 1.00 0.00
B8AC24CC5 Heritage Power Llc 9.8 07/20/2028 13,783.00 13,576.00 0.00
B8AC2XVL0 Heritage Pwr Llc 1,852.00 105,101.00 0.00
B8AC2XW47 Heritage Pwr Llc 81 4,596.00 0.00
B8AC2XW54 Heritage Pwr Llc 2,132.00 1,066.00 0.00
B8AC5MQN3 Diamond Sports Grp Llc- Cs 3,163.00 43,491.00 0.00
B8AD9KJQ2 Diamond Sports Grp Llc- Warrants 5,916.00 1,313.00 0.00
95000AAY3 Wells Fargo Commercial Mortgage Trust 20 WFCM 0.56 12/01/2048 6,400,000.00 11,516.00 0.00
SWB8ACX1VG CDS: (gs_24-pc-a Jul 24) 1.65 08/02/2027 14,999,658.00 20,036.00 0.00
BL4938314 MAIN Street Sports Group DSPORT 12.0 01/02/2028 20,970.00 18,820.00 0.00
JRQCM0MFUI Eur/usd Fwd 20250804 Mslngb2x EUR 08/04/2025 -17,470,125.00 -98,917.00 0.00
UXYU5 COMD US 10yr Ultra Fut Sep25 UXYU5 09/19/2025 -3,085,172.00 -52,801.00 0.00
VJM7KOTFBS Cad/usd Fwd 20250702 Mslngb2x CAD 07/02/2025 4,000,000.00 20,472.00 0.00
WNU5 COMDT US Ultra Bond Cbt Sep25 WNU5 09/19/2025 238,250.00 10,945.00 0.00
XS20551113 DECO 2019-ram Dac DECO 4.22 08/07/2030 48,946.00 67,745.00 0.00
DUU5 COMDT Euro-schatz Fut Sep25 DUU5 09/08/2025 -126,335.00 181.00 0.00
E76HHCINQK Gbp/usd Fwd 20250702 Citius33 GBP 07/02/2025 4,177,220.00 54,874.00 0.00
OEU5 COMDT Euro-bobl Future Sep25 OEU5 09/08/2025 -831,727.00 2,337.00 0.00
RXU5 COMDT Euro-bund Future Sep25 RXU5 09/08/2025 -766,551.00 3,964.00 0.00
SFRM5 COMD 3 MOnth Sofr Fut Jun25 SFRM5 09/16/2025 185,111,775.00 -62,191.00 0.00
SFRU5 COMD 3 MOnth Sofr Fut Sep25 SFRU5 12/16/2025 -16,078,325.00 14,114.00 0.00
SFRZ5 COMD 3 MOnth Sofr Fut Dec25 SFRZ5 03/17/2026 -16,135,275.00 -20,222.00 0.00
SWB8ABUSVQ SWP: Ois Sofr 4.805090 31-aug-2025 08/31/2025 -2,135,000.00 -1,062.00 0.00
SWB8ACMDEY SWP: Ois Sofr 4.497000 13-may-2027 05/13/2027 -5,215,000.00 -90,905.00 0.00
SWB8ACMDF1 SWP: Ois Sofr 4.253000 13-may-2029 05/13/2029 3,245,000.00 100,144.00 0.00
80290CBJ2 Santander Bank Auto Credit-linked Notes SBCLN 11.37 12/15/2032 10,026.00 10,064.00 0.00
80290CBX1 Santander Bank Auto Credit-linked Notes SBCLN 10.07 06/15/2033 46,312.00 46,594.00 0.00
90137LAQ3 20 Times Square Trust 2018-20ts TSQ 3.2 05/01/2035 100,000.00 73,500.00 0.00
EH87RPCDBN Eur/usd Fwd 20250702 Scseus31 EUR 07/02/2025 -4,781,863.00 -188,858.00 -0.01
USU5 COMDT US Long Bond(cbt) Sep25 USU5 09/19/2025 -4,156,875.00 -116,652.00 -0.01
TYU5 COMDT US 10yr Note (cbt)sep25 TYU5 09/19/2025 -30,161,625.00 -576,071.00 -0.03
TUU5 COMDT US 2yr Note (cbt) Sep25 TUU5 09/30/2025 -251,708,360.00 -802,009.00 -0.04
FVU5 COMDT US 5yr Note (cbt) Sep25 FVU5 09/30/2025 -189,660,000.00 -2,075,249.00 -0.09
SWB8ACMUJQ SWP: Ois Sofr 4.150000 11-may-2030_c 05/11/2030 -92,400,000.00 -2,993,924.00 -0.14
NDC78BVD6A Eur/usd Fwd 20250804 00187 EUR 08/04/2025 -297,056,419.00 -5,288,639.00 -0.24
AIEFCJP5J3 Eur/usd Fwd 20250702 00187 EUR 07/02/2025 -5,152,750.00 -6,604,733.00 -0.30
CURRENCY Currency -19,978,143.00 -19,893,295.00 -0.90

The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).

VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.

VISITOR agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event, money damages may not constitute sufficient compensation to CGS and ABA; consequently, VISITOR agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.

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VISITOR agrees not to:

(a) Violate the restrictions in any robot inclusion headers on the Subscriber Web Site or in any way bypass or circumvent any other measure employed to limit or prevent access to the CUSIP Database on the Subscriber Web Site;

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PGIM Fixed Income, with $862 billion in assets under management as of March 31, 2025, is a global asset manager offering active solutions across all fixed income markets. The company is headquartered in Newark, New Jersey, U.S.A. with affiliated offices across the globe, including in Amsterdam, Hong Kong, London, Munich, Paris, Singapore, Tokyo, and Zurich. At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk budgeting is central to this approach. PGIM Limited is also a subadvisor on this fund. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States.

Peter Freitag, CFA, Brian Juliano, Edwin Wilches, CFA, and Gabriel Rivera of PGIM Fixed Income are primarily responsible for management of the PGIM Securitized Credit Fund. Expected on or about June 2025, Peter Freitag is expected to retire. 

Peter Freitag, CFA
Peter Freitag, CFA

Principal and Portfolio Manager on PGIM Fixed Income's Securitized Products Team

|

PGIM Fixed Income

Peter Freitag, CFA, is a Principal and Securitized Products Portfolio Manager on PGIM Fixed Income’s Securitized Products Team.

Brian Juliano
Brian Juliano

Managing Director and Head of the U.S. Leveraged Loan Team

|

PGIM Fixed Income

Brian Juliano is a Managing Director and Head of the U.S. Leveraged Loan Team for PGIM Fixed Income.

Edwin Wilches, CFA
Edwin Wilches, CFA

Managing Director and Co-Head of PGIM Fixed Income Securitized Products team

|

PGIM Fixed Income

Edwin Wilches, CFA, is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products team.

Gabriel Rivera
Gabriel Rivera

Managing Director and Co-Head PGIM Fixed Income’s Securitized Products Team

|

PGIM Fixed Income

Gabriel Rivera is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products Team.

Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Overweight/Underweights are benchmarked against the Bloomberg US Aggregate Bond Index, which covers the USD-denominated, investment-grade, fixed-rate or step up, taxable bond market of SEC-registered securities and includes bonds from Treasury, Government- Related, Corporate, MBS (agency fixed-rate & hybrid ARM passthroughs), ABS, & CMBS sectors. Securities included in the index must have at least 1 year until final maturity & be rated investment-grade (Baa3/ BBB-/BBB-) or better using middle rating of Moody’s, S&P, & Fitch. All indexes and averages are unmanaged. Due to data availability, statistics may not be as of the current reporting period.

Enhanced cash strategies are variations on traditional money market vehicles. They are designed to provide liquidity and principal preservation, but with more of an emphasis on seeking returns that are superior to those of traditional money market offerings.

Source: Benchmarks - Lipper Inc.; Statistics - Morningstar Inc.; All other data from PGIM, Inc.

© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

Class R6 and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs. They may also be available to institutional investors. Class Z shares may be available through fee- or commission-based retail brokerage programs of certain financial intermediaries. Class A, C, and Z shares are generally closed to new retirement plans. Please see the prospectus for additional information about fees, expenses, and investor eligibility.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate. 

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

4341995    Ed. 03/2025

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