PGIM Strategic Bond Fund (PUCZX)
A:PUCAX
C:PUCCX
R6:PUCQX
Z:PUCZX
$8.63
(
$
)
$
)
1-Day Change
YTD: 7.14%
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 by investing in a diversified portfolio of bonds from multiple fixed income sectors. The Fund may be appropriate for investors seeking current income and capital appreciation in a multi-sector bond fund.
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.
FUND INFORMATION
Style:
Multi-Sector Bond
Total Net Assets:
$1.138 Billion
Dividends (Paid):
Monthly
Dividends (Accrued):
Daily
Capital Gains:
Annually
Fund Statistics
AS OF
08/31/2025
|
Name
|
Weight
|
|---|---|
| Average Maturity (years) | 7.3 |
| Duration (years) | 4.4 |
Risks of investing in the fund include but are not limited to the following: Fixed Income investments are subject to credit, market, prepayment and interest rate risks, and their value will decline as interest rates rise. High yield (“junk”) bonds are subject to greater credit and market risks. The Fund is deemed a commodity pool and compliance with certain commodity pool regulations may cause the Fund's expenses to increase. Floating rate and other loans are subject to the risk that failure to receive scheduled interest or principal payments on a loan would adversely affect the income of the Fund and would likely reduce the value of its assets. Mortgage-backed and asset-backed securities tend to increase in value less than other debt securities when interest rates decline, but are subject to a similar risk of decline in market value during periods of rising interest rates. Foreign securities are subject to currency fluctuations and political uncertainty. Investments in currency may result in a decline in the fund’s net asset value due to changes in exchange rates. Derivatives may carry market, credit and liquidity risks. Leveraging techniques may magnify loses. There is no guarantee the Fund's objective will be achieved. Risks are more fully explained in the fund's prospectus.
- Monthly & Quarterly Performance
- Prices & Yields
Total Returns (%)
as of
| 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.
See Daily Returns for the PGIM Strategic Bond Fund.
See Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Strategic Bond Fund.
See Daily Returns for the PGIM Strategic Bond Fund.
See Quarterly SEC Standardized Performance of other PGIM Investments Mutual Funds.
See Calendar Year Performance for the PGIM Strategic Bond Fund.
|
Fund Expenses
|
Maximum Sales Charge (%)
|
|||
|---|---|---|---|---|
|
Class
|
Gross (%)
|
Net (%)
|
Date*
|
|
| A | 0.99 | 0.96 | 06/30/2026 | 3.25 |
| C | 1.77 | 1.74 | 06/30/2026 | 1.00 |
| R6 | 0.65 | 0.59 | 06/30/2026 | — |
| Z | 0.75 | 0.62 | 06/30/2026 | — |
*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 Multisector Bond Category Average: Multisector-bond portfolios seek income by diversifying their assets among several fixed-income sectors, usually U.S. government obligations, U.S. corporate bonds, foreign bonds, and high-yield U.S. debt securities. These portfolios typically hold 35% to 65% of bond assets in securities that are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below.
The Bloomberg Intermediate US Aggregate Bond Index is the intermediate component of the Bloomberg US Aggregate Bond Index, which is unmanaged and represents securities that are SEC-registered, taxable, and dollar denominated and covers the US investment-grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
Prices
AS OF
09/18/2025
|
Class
|
NAV ($)
|
NAV Change ($)
|
NAV Change (%)
|
POP ($)
|
Total Net Assets ($)
|
|---|---|---|---|---|---|
| A | 8.63 | -0.02 | -0.23 | 8.92 | 91,501,414.48 |
| C | 8.62 | -0.01 | -0.12 | — | 44,321,113.72 |
| R6 | 8.63 | -0.02 | -0.23 | — | 123,545,392.23 |
| Z | 8.63 | -0.01 | -0.12 | — | 903,877,809.23 |
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 $U.S. value over the previous day:
= Gain, 
= Loss, 
= No Change.
See Prices of other PGIM Investments Mutual Funds.
52 Week High/Low
AS OF
09/18/2025
|
Class
|
52 Week High ($)
|
52 Week High Date
|
52 Week Low ($)
|
52 Week Low Date
|
|---|---|---|---|---|
| A | 8.66 | 09/16/2025 | 8.28 | 04/11/2025 |
| C | 8.65 | 09/16/2025 | 8.27 | 04/11/2025 |
| R6 | 8.66 | 09/16/2025 | 8.28 | 04/11/2025 |
| Z | 8.66 | 09/16/2025 | 8.28 | 04/11/2025 |
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
08/31/2025
| 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 | 4.60 | 4.57 | 4.65 | 4.81 | — |
| C - View Prospectus | 3.96 | 3.94 | — | 4.02 | — |
| R6 - View Prospectus | 5.12 | 5.06 | — | 5.17 | — |
| Z - View Prospectus | 5.08 | 4.96 | — | 5.14 | — |
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 Summary
- Complete Holdings
Portfolio Attributes
AS OF
08/31/2025
Sector vs Benchmark
|
Sector
|
Fund (% of Assets)
|
Overweight Underweight
|
|---|---|---|
| U.S. Govt Related | 35.7% | -38.8% |
| Treas | 9.6% | —% |
| Agency | 0.0% | —% |
| MBS | 26.1% | —% |
| Inv Grade Corp | 10.2% | -9.3% |
| U.S Municipals | 0.1% | -0.1% |
| Bank Loans | 1.1% | 1.1% |
| Non Agency MBS | 4.7% | 4.7% |
| Commercial MBS | 7.0% | 5.3% |
| Emerging Markets | 10.6% | 9.6% |
| ABS | 12.6% | 12.1% |
| High Yield | 19.2% | 19.2% |
| Other | 0.1% | —% |
| Cash/Equiv | -1.4% | —% |
Credit Quality (% of Assets)
| AAA | 8.2% |
| AA | 40.6% |
| A | 5.6% |
| BBB | 14.6% |
| BB | 19.0% |
| B | 6.7% |
| CCC | 2.0% |
| Not Rated | 4.6% |
| Cash/Equiv | -1.4% |
FUND STATISTICS
AS OF
08/31/2025
| Average Maturity (years) | 7.3 |
| Duration (years) | 4.4 |
All data is unaudited and subject to change. Holdings/allocations may vary. Total number of holdings based on issuers. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. 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. Negative holdings reflect outstanding trades at period end.
Fund Holdings
AS OF
08/31/2025
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
|
|---|---|---|---|---|---|---|---|
| 91282CHT1 | United States Treasury Note/bond | T | 3.88 | 08/15/2033 | 34,500,000.00 | 34,144,218.00 | 2.89 |
| 91282CDK4 | United States Treasury Note/bond | T | 1.25 | 11/30/2026 | 32,620,000.00 | 31,621,012.00 | 2.68 |
| 74440W862 | (pipa070) Pgim Core Government Money Mar | — | 4.38 | 12/01/2099 | 31,165,058.00 | 31,165,057.00 | 2.64 |
| 3132DWNK5 | Freddie Mac Pool | FR | 5.5 | 01/01/2055 | 19,094,135.00 | 19,209,120.00 | 1.63 |
| 01F0206A2 | Fannie Mae Or Freddie Mac | FNCL | 2.0 | 10/01/2055 | 23,500,000.00 | 18,661,976.00 | 1.58 |
| 48128BAN1 | Jpmorgan Chase & Co | JPM | 3.65 | 09/01/2173 | 18,000,000.00 | 17,776,374.00 | 1.51 |
| 70018AAL4 | PARK Avenue Institutional Advisers Clo L | PAIA | 6.28 | 10/15/2034 | 15,000,000.00 | 15,012,903.00 | 1.27 |
| 31418EES5 | Fannie Mae Pool | FN | 4.0 | 05/01/2052 | 12,566,898.00 | 11,749,075.00 | 1.00 |
| 95003EAJ5 | Wells Fargo Commercial Mortgage Trust 20 | WFCM | 8.98 | 05/15/2031 | 11,200,000.00 | 11,229,983.00 | 0.95 |
| XS29319658 | Tikehau Clo Ix Dac | TIKEH | 4.02 | 01/20/2037 | 9,500,000.00 | 11,129,798.00 | 0.94 |
| 31418ECR9 | Fannie Mae Pool | FN | 3.0 | 04/01/2052 | 12,708,263.00 | 11,036,015.00 | 0.93 |
| XS24031203 | Fidelity Grand Harbour Clo 2021-1 Dac | FICLO | 3.78 | 10/15/2034 | 9,000,000.00 | 10,565,504.00 | 0.89 |
| XS24007579 | ST Paul's Clo Iv Dac | SPAUL | 1.87 | 04/25/2030 | 9,200,000.00 | 10,407,362.00 | 0.88 |
| XS23918343 | Carlyle Euro Clo 2021-2 Dac | CGMSE | 2.1 | 10/15/2035 | 9,100,000.00 | 10,047,184.00 | 0.85 |
| 3132DVLE3 | Freddie Mac Pool | FR | 2.5 | 10/01/2050 | 11,584,266.00 | 9,844,535.00 | 0.83 |
| XS23206968 | Carlyle Euro Clo 2019-1 Dac | CGMSE | 3.63 | 03/15/2032 | 8,250,000.00 | 9,675,978.00 | 0.82 |
| XS24187631 | Madison Park Euro Funding Xiv Dac | MDPKE | 3.73 | 07/15/2032 | 8,050,000.00 | 9,426,761.00 | 0.80 |
| XS23881984 | ST Pauls Clo | SPAUL | 2.5 | 01/17/2032 | 8,500,000.00 | 9,349,424.00 | 0.79 |
| 3133AADG4 | Freddie Mac Pool | FR | 2.5 | 09/01/2050 | 11,072,571.00 | 9,289,118.00 | 0.79 |
| 3140XCCM8 | Fannie Mae Pool | FN | 2.5 | 08/01/2051 | 10,502,307.00 | 8,825,146.00 | 0.75 |
| 31418D7G1 | Fannie Mae Pool | FN | 3.0 | 12/01/2051 | 9,698,117.00 | 8,468,059.00 | 0.72 |
| 17308CC53 | Citigroup Inc | C | 2.98 | 11/05/2030 | 8,950,000.00 | 8,459,221.00 | 0.72 |
| 91282CMC2 | United States Treasury Note/bond | T | 4.5 | 12/31/2031 | 7,385,000.00 | 7,648,090.00 | 0.65 |
| XS24337152 | Bilbao Clo Iv Dac | BILB | 4.23 | 04/15/2036 | 5,900,000.00 | 6,936,192.00 | 0.59 |
| 3132DWDT7 | Freddie Mac Pool | FR | 3.5 | 05/01/2052 | 7,583,561.00 | 6,862,346.00 | 0.58 |
| 36179XDE3 | Ginnie Mae Ii Pool | G2 | 4.5 | 08/20/2052 | 6,851,059.00 | 6,667,683.00 | 0.56 |
| 860630AG7 | Stifel Financial Corp | SF | 4.0 | 05/15/2030 | 6,525,000.00 | 6,384,119.00 | 0.54 |
| 3132DWCP6 | Freddie Mac Pool | FR | 2.5 | 11/01/2051 | 7,678,204.00 | 6,405,957.00 | 0.54 |
| XS29787348 | Nassau Euro Clo Ii Dac | NGCE | 3.84 | 04/25/2039 | 5,500,000.00 | 6,430,029.00 | 0.54 |
| 912834JB5 | United States Treasury Strip Coupon | S | — | 08/15/2040 | 13,050,000.00 | 6,253,945.00 | 0.53 |
| 912810SK5 | United States Treasury Note/bond | T | 2.38 | 11/15/2049 | 9,600,000.00 | 6,073,500.00 | 0.51 |
| 31418ED80 | Fannie Mae Pool | FN | 4.0 | 06/01/2052 | 6,472,082.00 | 6,051,217.00 | 0.51 |
| 09627FBE9 | Bluemountain Clo Xxv Ltd | BLUEM | 6.17 | 01/15/2038 | 6,000,000.00 | 6,006,484.00 | 0.51 |
| BQZCN70 | CD&R Firefly Bidco Plc | MOTFUE | 8.63 | 04/30/2029 | 4,175,000.00 | 5,910,969.00 | 0.50 |
| 28623RBG2 | Elevation Clo 2021-14 Ltd | AWPT | 6.03 | 01/20/2038 | 5,750,000.00 | 5,775,029.00 | 0.49 |
| 21H0526A1 | Ginnie Mae | G2SF | 5.5 | 10/20/2055 | 5,500,000.00 | 5,535,001.00 | 0.47 |
| 75888HAY7 | Regatta Xii Funding Ltd | REG12 | 6.12 | 10/15/2037 | 5,500,000.00 | 5,515,738.00 | 0.47 |
| 39810DAA7 | Greystone Commercial Capital Trust Serie | GRYCCT | 7.47 | 05/31/2026 | 6,293,306.00 | 5,601,042.00 | 0.47 |
| 6174468G7 | Morgan Stanley | MS | 4.43 | 01/23/2030 | 5,500,000.00 | 5,524,090.00 | 0.47 |
| 445545AX4 | Hungary Government International Bond | REPHUN | 6.75 | 09/23/2055 | 5,325,000.00 | 5,484,750.00 | 0.46 |
| 586915AE0 | Menlo Clo I Ltd | MENLO | 6.58 | 01/20/2038 | 5,150,000.00 | 5,179,323.00 | 0.44 |
| 59284MAD6 | Mexico City Airport Trust | MEXCAT | 5.5 | 07/31/2047 | 6,142,000.00 | 5,191,064.00 | 0.44 |
| 01F060691 | Fannie Mae Or Freddie Mac | FNCL | 6.0 | 09/15/2055 | 5,000,000.00 | 5,107,818.00 | 0.43 |
| 31418EDE7 | Fannie Mae Pool | FN | 3.5 | 05/01/2052 | 5,391,526.00 | 4,872,537.00 | 0.41 |
| 31418EF21 | Fannie Mae Pool | FN | 4.5 | 06/01/2052 | 4,960,918.00 | 4,787,610.00 | 0.41 |
| 31418EKV1 | Fannie Mae Pool | FN | 5.5 | 11/01/2052 | 4,605,820.00 | 4,665,060.00 | 0.40 |
| 77586RAX8 | Romanian Government International Bond | ROMANI | 6.63 | 05/16/2036 | 4,700,000.00 | 4,697,650.00 | 0.40 |
| 36179WT24 | Ginnie Mae Ii Pool | G2 | 3.5 | 12/20/2051 | 5,009,645.00 | 4,581,370.00 | 0.39 |
| 36179WNF1 | Ginnie Mae Ii Pool | G2 | 3.0 | 09/01/2051 | 5,001,600.00 | 4,431,687.00 | 0.38 |
| 31418FMJ3 | Fannie Mae Pool | FN | 5.5 | 07/01/2055 | 4,437,232.00 | 4,463,952.00 | 0.38 |
| 25470XAY1 | DISH Dbs Corp | DISH | 7.75 | 07/01/2026 | 4,570,000.00 | 4,443,209.00 | 0.38 |
| 3132DV6U4 | Freddie Mac Pool | FR | 2.5 | 08/01/2050 | 5,395,548.00 | 4,522,315.00 | 0.38 |
| 98462YAF7 | Yamana Gold Inc | YRICN | 2.63 | 08/15/2031 | 5,000,000.00 | 4,436,460.00 | 0.38 |
| XS20100266 | Sherwood Financing Plc | ARWLN | 6.0 | 11/15/2026 | 3,250,000.00 | 4,354,263.00 | 0.37 |
| 3140XF7L9 | Fannie Mae Pool | FN | 3.0 | 02/01/2052 | 5,004,226.00 | 4,374,171.00 | 0.37 |
| 90137LAL4 | 20 Times Square Trust 2018-20ts | TSQ | 3.2 | 05/01/2035 | 4,900,000.00 | 4,385,500.00 | 0.37 |
| 90137LAN0 | 20 Times Square Trust 2018-20ts | TSQ | 3.2 | 05/01/2035 | 5,000,000.00 | 4,325,000.00 | 0.37 |
| 31418ECS7 | Fannie Mae Pool | FN | 3.5 | 04/01/2052 | 4,730,591.00 | 4,280,690.00 | 0.36 |
| 36179VVX5 | Ginnie Mae Ii Pool | G2 | 2.0 | 10/20/2050 | 5,044,930.00 | 4,134,214.00 | 0.35 |
| 55820CBA2 | Madison Park Funding Xxix Ltd | MDPK | 5.93 | 03/25/2038 | 4,000,000.00 | 4,009,527.00 | 0.34 |
| 745310AK8 | Puget Energy Inc | PSD | 4.1 | 06/15/2030 | 4,130,000.00 | 4,023,692.00 | 0.34 |
| 01F020695 | Fannie Mae Or Freddie Mac | FNCL | 2.0 | 09/15/2055 | 5,000,000.00 | 3,969,851.00 | 0.34 |
| 05610WAE0 | BPR Trust 2023-brk2 | BPR | 8.63 | 10/01/2038 | 3,800,000.00 | 3,979,628.00 | 0.34 |
| 131347CN4 | Calpine Corp | CPN | 5.13 | 03/15/2028 | 4,000,000.00 | 3,995,719.00 | 0.34 |
| 74143LAA4 | PRET 2025-npl5 Llc | PRET | 6.24 | 05/25/2055 | 3,914,730.00 | 3,952,675.00 | 0.33 |
| 912810QZ4 | United States Treasury Note/bond | T | 3.13 | 02/15/2043 | 4,825,000.00 | 3,846,429.00 | 0.33 |
| B8A9598C3 | Ferrellgas Escrow Llc 3/30/31 Preferred | — | 8.96 | 03/30/2031 | 3,925,000.00 | 3,925,000.00 | 0.33 |
| BL0HM90 | Ivory Coast Government International Bon | IVYCST | 5.88 | 10/17/2031 | 3,316,000.00 | 3,778,989.00 | 0.32 |
| 69382KAA6 | PRPM 2025-4 Llc | PRPM | 6.18 | 06/01/2030 | 3,719,490.00 | 3,743,239.00 | 0.32 |
| 69392AAA6 | PMT Credit Risk Transfer Trust 2024-3r | PMTCR | 7.45 | 09/27/2028 | 3,757,306.00 | 3,793,241.00 | 0.32 |
| 61744YAP3 | Morgan Stanley | MS | 3.77 | 01/24/2029 | 3,780,000.00 | 3,741,208.00 | 0.32 |
| 44267DAE7 | Howard Hughes Corp/the | HHH | 4.13 | 02/01/2029 | 4,000,000.00 | 3,829,674.00 | 0.32 |
| 10554TAH8 | Braskem Netherlands Finance Bv | BRASKM | 8.5 | 01/12/2031 | 4,925,000.00 | 3,743,000.00 | 0.32 |
| 221625AV8 | Ivory Coast Government International Bon | IVYCST | 8.08 | 04/01/2036 | 3,850,000.00 | 3,816,312.00 | 0.32 |
| 852060AT9 | Sprint Capital Corp | S | 8.75 | 03/15/2032 | 3,000,000.00 | 3,638,844.00 | 0.31 |
| BMDHPV7 | Serbia International Bond | SERBIA | 3.13 | 05/15/2027 | 3,107,000.00 | 3,630,335.00 | 0.31 |
| 902973BC9 | US Bancorp | USB | 3.7 | 01/15/2174 | 3,660,000.00 | 3,530,597.00 | 0.30 |
| 01F052698 | Fannie Mae Or Freddie Mac | FNCL | 5.5 | 09/15/2055 | 3,500,000.00 | 3,519,704.00 | 0.30 |
| 35566CBD6 | Freddie Mac Stacr Remic Trust 2020-dna6 | STACR | 7.35 | 12/25/2050 | 3,240,000.00 | 3,459,704.00 | 0.29 |
| 3136BWRC2 | Fannie Mae Remics | FNR | 4.35 | 07/25/2055 | 3,414,004.00 | 3,458,912.00 | 0.29 |
| 3137FQKQ5 | Freddie Mac Multifamily Structured Pass | FHMS | 0.75 | 11/01/2029 | 146,453,146.00 | 3,371,922.00 | 0.29 |
| 61747YEL5 | Morgan Stanley | MS | 2.94 | 01/21/2033 | 3,820,000.00 | 3,442,565.00 | 0.29 |
| 57701RAM4 | Mattamy Group Corp | MATHOM | 4.63 | 03/01/2030 | 3,575,000.00 | 3,439,042.00 | 0.29 |
| USP9190PAM | Total Play Telecomunicaciones Sa De Cv | TOTALP | 11.13 | 12/31/2032 | 3,500,000.00 | 3,425,765.00 | 0.29 |
| 629377CR1 | NRG Energy Inc | NRG | 3.63 | 02/15/2031 | 3,525,000.00 | 3,251,402.00 | 0.28 |
| 3140XJ6F5 | Fannie Mae Pool | FN | 3.0 | 02/01/2052 | 3,751,725.00 | 3,260,103.00 | 0.28 |
| 07556QBT1 | Beazer Homes Usa Inc | BZH | 7.25 | 10/15/2029 | 3,233,000.00 | 3,269,988.00 | 0.28 |
| 3140XJNF6 | Fannie Mae Pool | FN | 4.5 | 12/01/2050 | 3,247,057.00 | 3,224,097.00 | 0.27 |
| 92840MAB8 | Vistra Corp | VST | 8.0 | 04/15/2174 | 3,125,000.00 | 3,198,004.00 | 0.27 |
| BKLXG54 | Virgin Media Secured Finance Plc | VMED | 4.25 | 01/15/2030 | 2,600,000.00 | 3,234,274.00 | 0.27 |
| BNVVN03 | Nissan Motor Co Ltd | NSANY | 6.38 | 07/17/2033 | 2,500,000.00 | 3,045,161.00 | 0.26 |
| 707569AS8 | PENN Entertainment Inc | PENN | 5.63 | 01/15/2027 | 3,125,000.00 | 3,123,565.00 | 0.26 |
| 50205PAA0 | Lhome Mortgage Trust 2024-rtl4 | LHOME | 5.92 | 07/25/2039 | 3,100,000.00 | 3,119,705.00 | 0.26 |
| 36262MAL2 | GS Mortgage Securities Corportation Trus | GSMS | 9.03 | 10/15/2036 | 3,090,000.00 | 3,040,862.00 | 0.26 |
| 36267QAA2 | CLUE Opco Llc | FWRD | 9.5 | 10/15/2031 | 2,881,000.00 | 3,067,997.00 | 0.26 |
| 31418DV74 | Fannie Mae Pool | FN | 2.0 | 01/01/2051 | 3,858,848.00 | 3,093,312.00 | 0.26 |
| 235825AF3 | DANA Inc | DAN | 5.38 | 11/15/2027 | 3,015,000.00 | 3,014,785.00 | 0.26 |
| 29273VAM2 | Energy Transfer Lp | ET | 7.13 | 05/15/2174 | 2,900,000.00 | 2,974,239.00 | 0.25 |
| 3132DWC84 | Freddie Mac Pool | FR | 3.0 | 02/01/2052 | 3,423,950.00 | 2,974,049.00 | 0.25 |
| 3132DWPH0 | Freddie Mac Pool | FR | 5.5 | 04/01/2055 | 2,957,926.00 | 2,975,738.00 | 0.25 |
| 06738ECY9 | Barclays Plc | BACR | 5.37 | 02/25/2031 | 2,865,000.00 | 2,955,316.00 | 0.25 |
| 52476AAA1 | Legacy Mortgage Asset Trust 2025-pr1 | LMAT | 6.0 | 01/25/2061 | 2,988,902.00 | 2,988,314.00 | 0.25 |
| 912810SE9 | United States Treasury Note/bond | T | 3.38 | 11/15/2048 | 3,825,000.00 | 2,985,292.00 | 0.25 |
| 912810TW8 | United States Treasury Note/bond | T | 4.75 | 11/15/2043 | 2,970,000.00 | 2,942,620.00 | 0.25 |
| BL5016946 | Zegona Holdco Ltd | ZEGLN | 5.08 | 07/17/2029 | 2,500,000.00 | 2,924,226.00 | 0.25 |
| BRPSDX1 | Sherwood Financing Plc | ARWLN | 2.06 | 12/15/2029 | 2,475,000.00 | 2,884,571.00 | 0.24 |
| BZ97T10 | Angolan Government International Bond | ANGOL | 9.5 | 11/12/2025 | 2,840,000.00 | 2,852,425.00 | 0.24 |
| XS30795944 | Jerrold Finco Plc | JERRGB | 7.5 | 06/15/2031 | 2,075,000.00 | 2,872,063.00 | 0.24 |
| 36179WVW5 | Ginnie Mae Ii Pool | G2 | 3.5 | 01/01/2052 | 3,110,786.00 | 2,852,202.00 | 0.24 |
| 912810UE6 | United States Treasury Note/bond | T | 4.5 | 11/15/2054 | 2,895,000.00 | 2,703,206.00 | 0.23 |
| 68269HAD7 | Onemain Financial Issuance Trust 2023-2 | OMFIT | 7.52 | 09/15/2036 | 2,600,000.00 | 2,686,994.00 | 0.23 |
| 71654QCG5 | Petroleos Mexicanos | PEMEX | 6.5 | 03/13/2027 | 2,662,000.00 | 2,673,979.00 | 0.23 |
| 071734AL1 | Bausch Health Cos Inc | BHCCN | 5.25 | 02/15/2031 | 4,025,000.00 | 2,715,868.00 | 0.23 |
| 06051GHZ5 | BANK Of America Corp | BAC | 2.5 | 02/13/2031 | 2,935,000.00 | 2,709,492.00 | 0.23 |
| 097751BX8 | Bombardier Inc | BBDBCN | 6.0 | 02/15/2028 | 2,750,000.00 | 2,755,280.00 | 0.23 |
| 131347CP9 | Calpine Corp | CPN | 4.63 | 02/01/2029 | 2,775,000.00 | 2,743,150.00 | 0.23 |
| BNRP116 | VEON Midco Bv | VEONHD | 3.38 | 11/25/2027 | 2,950,000.00 | 2,754,562.00 | 0.23 |
| BLH1JL6 | Egypt Government International Bond | EGYPT | 3.88 | 02/16/2026 | 2,800,000.00 | 2,758,000.00 | 0.23 |
| BF2D3D5 | Eskom Holdings | ESKOM | 8.45 | 08/10/2028 | 2,504,000.00 | 2,658,146.00 | 0.23 |
| 3137HLZC9 | Freddie Mac Remics | FHR | 4.35 | 06/25/2055 | 2,557,051.00 | 2,589,572.00 | 0.22 |
| 26847NAD3 | EFMT 2025-inv3 | EFMT | 6.17 | 07/01/2070 | 2,583,000.00 | 2,612,146.00 | 0.22 |
| 67389JAB4 | Oaktown Re Vii Ltd | OMIR | 7.25 | 04/25/2034 | 2,553,137.00 | 2,576,554.00 | 0.22 |
| 628530BC0 | Mylan Inc | VTRS | 5.4 | 11/29/2043 | 3,000,000.00 | 2,536,704.00 | 0.21 |
| 69344A883 | PGIM Floating Rate Income Etf | PFRL | — | — | 50,000.00 | 2,520,750.00 | 0.21 |
| 912834FB9 | United States Treasury Strip Coupon | S | — | 02/15/2040 | 5,135,000.00 | 2,538,402.00 | 0.21 |
| 3132DWEB5 | Freddie Mac Pool | FR | 4.5 | 06/01/2052 | 2,520,846.00 | 2,433,043.00 | 0.21 |
| 29646AAC0 | Eskom Holdings | ESKOM | 6.35 | 08/10/2028 | 2,485,000.00 | 2,537,806.00 | 0.21 |
| 30607FAA8 | Falabella Sa | BFALA | 3.38 | 01/15/2032 | 2,855,000.00 | 2,522,221.00 | 0.21 |
| 31418D2K7 | Fannie Mae Pool | FN | 1.5 | 07/01/2051 | 3,345,954.00 | 2,527,720.00 | 0.21 |
| 31418EM23 | Fannie Mae Pool | FN | 6.0 | 12/01/2052 | 2,376,046.00 | 2,443,523.00 | 0.21 |
| 00833BAD0 | Affirm Master Trust | AFRMT | 5.62 | 02/15/2033 | 2,500,000.00 | 2,510,517.00 | 0.21 |
| BMYGPJ1 | Preem Holdings Ab | PREEM | 12.0 | 06/30/2027 | 2,000,000.00 | 2,420,757.00 | 0.21 |
| BN76XP7 | Mizrahi Tefahot Bank Ltd | MZRHIT | 3.08 | 04/07/2031 | 2,545,000.00 | 2,502,753.00 | 0.21 |
| BK4Q2J6 | Serbia International Bond | SERBIA | 1.5 | 06/26/2029 | 2,175,000.00 | 2,344,150.00 | 0.20 |
| 12433HAA2 | BX Commercial Mortgage Trust 2025-bcat | BX | 5.73 | 08/15/2042 | 2,350,000.00 | 2,352,203.00 | 0.20 |
| 23918KAS7 | Davita Inc | DVA | 4.63 | 06/01/2030 | 2,500,000.00 | 2,406,716.00 | 0.20 |
| 95000U2Q5 | Wells Fargo & Co | WFC | 3.07 | 04/30/2041 | 3,150,000.00 | 2,397,659.00 | 0.20 |
| 83368RBJ0 | Societe Generale Sa | SOCGEN | 3.34 | 01/21/2033 | 2,580,000.00 | 2,322,851.00 | 0.20 |
| 77586RAY6 | Romanian Government International Bond | ROMANI | 5.75 | 09/16/2030 | 2,390,000.00 | 2,410,954.00 | 0.20 |
| 38379WM25 | Government National Mortgage Association | GNR | 3.0 | 05/01/2046 | 2,675,139.00 | 2,392,096.00 | 0.20 |
| 36179XDD5 | Ginnie Mae Ii Pool | G2 | 4.0 | 08/20/2052 | 2,417,751.00 | 2,276,275.00 | 0.19 |
| 404119AJ8 | HCA Inc | HCA | 7.5 | 11/06/2033 | 2,000,000.00 | 2,286,167.00 | 0.19 |
| 59284MAC8 | Mexico City Airport Trust | MEXCAT | 3.88 | 04/30/2028 | 2,330,000.00 | 2,275,151.00 | 0.19 |
| 55316VAL8 | MHC Commercial Mortgage Trust 2021-mhc | MHC | 7.08 | 04/15/2038 | 2,188,000.00 | 2,190,051.00 | 0.19 |
| 89183HAE4 | TOWD Point Mortgage Trust 2025-ces1 | TPMT | 6.87 | 02/01/2055 | 2,200,000.00 | 2,250,715.00 | 0.19 |
| 279158AT6 | Ecopetrol Sa | ECOPET | 8.63 | 01/19/2029 | 2,105,000.00 | 2,280,557.00 | 0.19 |
| 3132DWBH5 | Freddie Mac Pool | FR | 2.0 | 04/01/2051 | 2,776,660.00 | 2,222,630.00 | 0.19 |
| 31418DXL1 | Fannie Mae Pool | FN | 2.5 | 03/01/2051 | 2,681,579.00 | 2,238,305.00 | 0.19 |
| 12769GAA8 | Caesars Entertainment Inc | CZR | 4.63 | 10/15/2029 | 2,375,000.00 | 2,265,970.00 | 0.19 |
| 05593UAG0 | BPR Commercial Mortgage Trust 2024-park | BPR | 6.39 | 11/01/2039 | 2,240,000.00 | 2,283,937.00 | 0.19 |
| 05613UAJ0 | BX Trust 2025-dime | BX | 7.36 | 02/15/2030 | 2,110,000.00 | 2,109,999.00 | 0.18 |
| 14985VAE1 | CCM Merger Inc | MOTOR | 6.38 | 05/01/2026 | 2,175,000.00 | 2,174,730.00 | 0.18 |
| 31418D6B3 | Fannie Mae Pool | FN | 2.0 | 11/01/2051 | 2,715,161.00 | 2,168,654.00 | 0.18 |
| 31418DVB5 | Fannie Mae Pool | FN | 1.5 | 12/01/2050 | 2,739,703.00 | 2,069,464.00 | 0.18 |
| 31418DQH8 | Fannie Mae Pool | FN | 2.5 | 06/01/2050 | 2,562,950.00 | 2,152,823.00 | 0.18 |
| 912834MD7 | United States Treasury Strip Coupon | S | — | 02/15/2043 | 5,160,000.00 | 2,121,791.00 | 0.18 |
| 74939GAA3 | RCO Viii Mortgage Llc 2025-3 | RCO | 6.43 | 05/25/2030 | 2,113,271.00 | 2,117,384.00 | 0.18 |
| 87470LAJ0 | Tallgrass Energy Partners Lp / Tallgrass | TEP | 6.0 | 12/31/2030 | 2,150,000.00 | 2,121,173.00 | 0.18 |
| 55300RAG6 | MGM China Holdings Ltd | MGMCHI | 4.75 | 02/01/2027 | 2,160,000.00 | 2,141,100.00 | 0.18 |
| 67120UAN7 | NYC Commercial Mortgage Trust 2025-3bp | NYC | 7.9 | 02/15/2042 | 2,110,000.00 | 2,096,603.00 | 0.18 |
| 36273XAA9 | GS Mortgage Securities Corp Trust 2025-8 | GSMS | 7.01 | 11/25/2041 | 2,155,000.00 | 2,158,953.00 | 0.18 |
| 36179WBY3 | Ginnie Mae Ii Pool | G2 | 2.5 | 03/01/2051 | 2,306,610.00 | 1,969,026.00 | 0.17 |
| 44855PAG3 | Hudson Yards 2025-sprl Mortgage Trust | HY | 6.55 | 01/01/2040 | 1,895,000.00 | 1,974,726.00 | 0.17 |
| 59170JBB3 | Metronet Infrastructure Issuer Llc | MNET | 7.83 | 08/20/2055 | 2,000,000.00 | 2,028,811.00 | 0.17 |
| 74970WAJ9 | ROCK Trust 2024-cntr | ROCC | 8.82 | 11/13/2041 | 1,895,000.00 | 2,001,319.00 | 0.17 |
| 693968AA7 | PMT Issuer Trust - Fmsr | PNMSR | 7.07 | 12/25/2027 | 2,000,000.00 | 2,013,237.00 | 0.17 |
| 880349AU9 | Tenneco Inc | TENINC | 8.0 | 11/17/2028 | 1,975,000.00 | 1,975,497.00 | 0.17 |
| 31418DXJ6 | Fannie Mae Pool | FN | 1.5 | 03/01/2051 | 2,637,997.00 | 1,993,032.00 | 0.17 |
| 3132DWPS6 | Freddie Mac Pool | FR | 5.5 | 05/01/2055 | 1,968,011.00 | 1,979,861.00 | 0.17 |
| 29082HAD4 | Embraer Netherlands Finance Bv | EMBRBZ | 7.0 | 07/28/2030 | 1,865,000.00 | 2,007,649.00 | 0.17 |
| 3132DSX31 | Freddie Mac Pool | FR | 5.0 | 08/01/2050 | 1,989,366.00 | 1,993,810.00 | 0.17 |
| 105756CM0 | Brazilian Government International Bond | BRAZIL | 5.5 | 11/06/2030 | 1,980,000.00 | 2,021,580.00 | 0.17 |
| 019576AC1 | Allied Universal Holdco Llc / Allied Uni | UNSEAM | 6.0 | 06/01/2029 | 2,025,000.00 | 2,002,652.00 | 0.17 |
| 00253XAB7 | American Airlines Inc/aadvantage Loyalty | AAL | 5.75 | 04/20/2029 | 1,925,000.00 | 1,929,812.00 | 0.16 |
| 05329WAQ5 | Autonation Inc | AN | 4.75 | 06/01/2030 | 1,880,000.00 | 1,887,054.00 | 0.16 |
| 05593VAL7 | BX Trust 2025-roic | BX | 6.36 | 03/15/2030 | 1,872,696.00 | 1,860,991.00 | 0.16 |
| 126307BA4 | CSC Holdings Llc | CSCHLD | 5.75 | 01/15/2030 | 4,000,000.00 | 1,876,774.00 | 0.16 |
| 09659W2K9 | BNP Paribas Sa | BNP | 3.05 | 01/13/2031 | 2,020,000.00 | 1,893,679.00 | 0.16 |
| 25714PEZ7 | Dominican Republic International Bond | DOMREP | 6.6 | 06/01/2036 | 1,800,000.00 | 1,854,846.00 | 0.16 |
| 221625AT3 | Ivory Coast Government International Bon | IVYCST | 7.63 | 01/30/2033 | 1,865,000.00 | 1,873,746.00 | 0.16 |
| 31418DV66 | Fannie Mae Pool | FN | 1.5 | 01/01/2051 | 2,426,894.00 | 1,833,843.00 | 0.16 |
| 3140XQKD8 | Fannie Mae Pool | FN | 5.0 | 08/01/2050 | 1,836,944.00 | 1,841,957.00 | 0.16 |
| 3140XG7B9 | Fannie Mae Pool | FN | 3.5 | 07/01/2047 | 2,058,228.00 | 1,935,294.00 | 0.16 |
| 89157PAD0 | Total Play Telecomunicaciones Sa De Cv | TOTALP | 11.13 | 12/31/2032 | 1,899,500.00 | 1,859,211.00 | 0.16 |
| 911365BP8 | United Rentals North America Inc | URI | 3.75 | 01/15/2032 | 2,050,000.00 | 1,889,588.00 | 0.16 |
| 69392JAA7 | PRET 2025-npl2 Llc | PRET | 5.84 | 03/25/2055 | 1,907,249.00 | 1,921,452.00 | 0.16 |
| 72147KAJ7 | Pilgrim's Pride Corp | PPC | 4.25 | 04/15/2031 | 2,000,000.00 | 1,928,124.00 | 0.16 |
| 82088KAK4 | SHEA Homes Lp / Shea Homes Funding Corp | SHEAHM | 4.75 | 02/15/2028 | 1,925,000.00 | 1,900,517.00 | 0.16 |
| 864486AK1 | Suburban Propane Partners Lp/suburban En | SPH | 5.88 | 03/01/2027 | 1,850,000.00 | 1,847,844.00 | 0.16 |
| 445587AE8 | HUNT Cos Inc | HUNTCO | 5.25 | 04/15/2029 | 1,950,000.00 | 1,906,577.00 | 0.16 |
| BD35RT0 | Ivory Coast Government International Bon | IVYCST | 5.25 | 03/22/2030 | 1,678,000.00 | 1,915,977.00 | 0.16 |
| BL4645844 | Doncasters Finance Us Llc | DONCAS | 10.8 | 04/23/2030 | 1,851,563.00 | 1,870,078.00 | 0.16 |
| G2770C100 | Digicel Intl Fin Ltd Common Equity | — | — | — | 116,510.00 | 1,864,160.00 | 0.16 |
| BL5168168 | Boots Group Bidco Ltd | BOOTFN | 4.75 | 07/22/2032 | 1,325,000.00 | 1,798,225.00 | 0.15 |
| BFMVHJ3 | Indonesia Asahan Aluminium Pt / Mineral | IDASAL | 6.53 | 11/15/2028 | 1,710,000.00 | 1,827,562.00 | 0.15 |
| 46188DAE8 | Invitation Homes 2024-sfr1 Trust | IHSFR | 4.25 | 09/17/2041 | 1,800,000.00 | 1,751,330.00 | 0.15 |
| 682691AC4 | Onemain Finance Corp | OMF | 3.88 | 09/15/2028 | 1,800,000.00 | 1,725,418.00 | 0.15 |
| 69381KAA7 | PRPM 2024-5 Llc | PRPM | 5.69 | 09/25/2029 | 1,789,288.00 | 1,794,114.00 | 0.15 |
| 70932MAB3 | Pennymac Financial Services Inc | PFSI | 4.25 | 02/15/2029 | 1,800,000.00 | 1,735,293.00 | 0.15 |
| 95004RAA4 | Wells Fargo Commercial Mortgage Trust 20 | WFCM | 5.7 | 08/15/2042 | 1,750,000.00 | 1,749,994.00 | 0.15 |
| 31418EJF8 | Fannie Mae Pool | FN | 5.0 | 09/01/2052 | 1,843,467.00 | 1,826,825.00 | 0.15 |
| 19767QAS4 | HCA Inc | HCA | 7.75 | 07/15/2036 | 1,500,000.00 | 1,732,016.00 | 0.15 |
| 25714PDT2 | Dominican Republic International Bond | DOMREP | 5.95 | 01/25/2027 | 1,740,000.00 | 1,766,970.00 | 0.15 |
| 3132DWFH1 | Freddie Mac Pool | FR | 5.5 | 11/01/2052 | 1,701,228.00 | 1,723,327.00 | 0.15 |
| 3132DWDK6 | Freddie Mac Pool | FR | 3.0 | 04/01/2052 | 2,068,137.00 | 1,794,358.00 | 0.15 |
| 078915AB1 | Bellemeade Re Ltd | BMIR | 7.55 | 08/25/2034 | 1,750,000.00 | 1,767,958.00 | 0.15 |
| 05625BAG4 | BLP Commercial Mortgage Trust 2025-ind | BLP | 6.61 | 03/15/2042 | 1,740,000.00 | 1,731,304.00 | 0.15 |
| 00833QAD7 | Affirm Asset Securitization Trust 2024-x | AFFRM | 6.08 | 12/17/2029 | 1,700,000.00 | 1,715,015.00 | 0.15 |
| 013092AC5 | Albertsons Cos Inc / Safeway Inc / New A | ACI | 4.63 | 01/15/2027 | 1,775,000.00 | 1,765,191.00 | 0.15 |
| 03690AAF3 | Antero Midstream Partners Lp / Antero Mi | AM | 5.75 | 01/15/2028 | 1,800,000.00 | 1,804,426.00 | 0.15 |
| 05555VAC3 | BFLD 2024-vict Mortgage Trust | BFLD | 6.95 | 07/15/2041 | 1,700,000.00 | 1,695,752.00 | 0.14 |
| 07335CAL8 | Barclays Commercial Mortgage Trust 2019- | BBCMS | 1.25 | 08/01/2052 | 43,170,000.00 | 1,683,353.00 | 0.14 |
| 143658CA8 | Carnival Corp | CCL | 5.75 | 08/01/2032 | 1,570,000.00 | 1,595,905.00 | 0.14 |
| 25714PEP9 | Dominican Republic International Bond | DOMREP | 5.5 | 02/22/2029 | 1,635,000.00 | 1,648,570.00 | 0.14 |
| 25525PAB3 | Diversified Healthcare Trust | DHC | 4.38 | 03/01/2031 | 2,000,000.00 | 1,697,998.00 | 0.14 |
| 247361ZT8 | Delta Air Lines Inc | DAL | 3.75 | 10/28/2029 | 1,720,000.00 | 1,668,366.00 | 0.14 |
| 3140XPNV7 | Fannie Mae Pool | FN | 5.0 | 10/01/2050 | 1,660,955.00 | 1,665,091.00 | 0.14 |
| 68560EAC2 | Orbia Advance Corp Sab De Cv | ORBIA | 6.8 | 05/13/2030 | 1,560,000.00 | 1,595,880.00 | 0.14 |
| 75049GAB5 | Radnor Re 2021-2 Ltd | RMIR | 8.05 | 11/25/2031 | 1,580,708.00 | 1,602,991.00 | 0.14 |
| 50206BAA0 | LD Celulose International Gmbh | LNZAV | 7.95 | 01/26/2032 | 1,615,000.00 | 1,699,787.00 | 0.14 |
| B8AB393F8 | TPC Group Rights | — | — | — | 70,274.00 | 1,673,399.00 | 0.14 |
| XS28092182 | Lorca Telecom Bondco Sa | LORCAT | 5.75 | 04/30/2029 | 1,275,000.00 | 1,551,779.00 | 0.13 |
| 552953CH2 | MGM Resorts International | MGM | 4.75 | 10/15/2028 | 1,500,000.00 | 1,491,124.00 | 0.13 |
| 63861CAC3 | Nationstar Mortgage Holdings Inc | COOP | 5.5 | 08/15/2028 | 1,590,000.00 | 1,588,024.00 | 0.13 |
| 854938AA5 | STAR Leasing Co Llc | TRAILR | 7.63 | 02/15/2030 | 1,605,000.00 | 1,587,256.00 | 0.13 |
| 85236FAA1 | Smyrna Ready Mix Concrete Llc | SMYREA | 6.0 | 11/01/2028 | 1,565,000.00 | 1,569,044.00 | 0.13 |
| 694308JT5 | Pacific Gas And Electric Co | PCG | 3.25 | 06/01/2031 | 1,650,000.00 | 1,513,102.00 | 0.13 |
| 740934AA2 | PRET 2025-npl7 Llc | PRET | 5.66 | 07/25/2055 | 1,478,327.00 | 1,480,551.00 | 0.13 |
| 3133ANK78 | Freddie Mac Pool | FR | 2.5 | 07/01/2051 | 1,863,620.00 | 1,555,123.00 | 0.13 |
| 36179V4U1 | Ginnie Mae Ii Pool | G2 | 2.0 | 01/20/2051 | 1,834,606.00 | 1,503,421.00 | 0.13 |
| 3132DWES8 | Freddie Mac Pool | FR | 4.5 | 09/01/2052 | 1,558,116.00 | 1,507,508.00 | 0.13 |
| 3132DWAR4 | Freddie Mac Pool | FR | 3.5 | 12/01/2050 | 1,697,666.00 | 1,536,433.00 | 0.13 |
| 125896BU3 | CMS Energy Corp | CMS | 4.75 | 06/01/2050 | 1,550,000.00 | 1,498,359.00 | 0.13 |
| 11120VAJ2 | Brixmor Operating Partnership Lp | BRX | 4.05 | 07/01/2030 | 1,590,000.00 | 1,557,988.00 | 0.13 |
| 054644AA7 | Aydem Yenilenebilir Enerji As | AYDEMT | 7.75 | 02/02/2027 | 1,516,000.00 | 1,496,761.00 | 0.13 |
| 06738ECE3 | Barclays Plc | BACR | 7.44 | 11/02/2033 | 1,375,000.00 | 1,570,825.00 | 0.13 |
| 06051GJT7 | BANK Of America Corp | BAC | 2.69 | 04/22/2032 | 1,605,000.00 | 1,455,787.00 | 0.12 |
| 195325EG6 | Colombia Government International Bond | COLOM | 7.5 | 02/02/2034 | 1,410,000.00 | 1,456,882.00 | 0.12 |
| 31335A3Y2 | Freddie Mac Gold Pool | FG | 5.0 | 12/01/2043 | 1,435,205.00 | 1,462,261.00 | 0.12 |
| 3132DWBC6 | Freddie Mac Pool | FR | 2.5 | 03/01/2051 | 1,710,144.00 | 1,425,938.00 | 0.12 |
| 3140X9X75 | Fannie Mae Pool | FN | 2.5 | 02/01/2051 | 1,653,275.00 | 1,390,817.00 | 0.12 |
| 912834KV9 | United States Treasury Strip Coupon | S | — | 11/15/2041 | 3,285,000.00 | 1,460,733.00 | 0.12 |
| 36179W2W7 | Ginnie Mae Ii Pool | G2 | 3.5 | 04/20/2052 | 1,584,199.00 | 1,451,034.00 | 0.12 |
| 36179W2X5 | Ginnie Mae Ii Pool | G2 | 4.0 | 04/01/2052 | 1,464,938.00 | 1,376,970.00 | 0.12 |
| 38144GAG6 | Goldman Sachs Group Inc/the | GS | 3.65 | 02/10/2173 | 1,415,000.00 | 1,384,119.00 | 0.12 |
| XS29305389 | LUGO Funding Dac | LUGO | 4.03 | 05/26/2066 | 1,200,000.00 | 1,366,434.00 | 0.12 |
| 98313RAG1 | WYNN Macau Ltd | WYNMAC | 5.5 | 01/15/2026 | 1,400,000.00 | 1,398,600.00 | 0.12 |
| B8AAE7AK3 | Blackstone Private Cr Fund | — | 5.61 | 05/03/2027 | 1,250,000.00 | 1,249,026.00 | 0.11 |
| BMYD8L5 | Ivory Coast Government International Bon | IVYCST | 4.88 | 01/30/2032 | 1,172,000.00 | 1,265,724.00 | 0.11 |
| 37045XCY0 | General Motors Financial Co Inc | GM | 3.6 | 06/21/2030 | 1,365,000.00 | 1,296,158.00 | 0.11 |
| 36179WZB7 | Ginnie Mae Ii Pool | G2 | 3.5 | 03/20/2052 | 1,412,279.00 | 1,289,866.00 | 0.11 |
| 68245XAM1 | 1011778 Bc Ulc / New Red Finance Inc | BCULC | 4.0 | 10/15/2030 | 1,350,000.00 | 1,257,174.00 | 0.11 |
| 629377CS9 | NRG Energy Inc | NRG | 3.88 | 02/15/2032 | 1,475,000.00 | 1,357,350.00 | 0.11 |
| 629377CH3 | NRG Energy Inc | NRG | 5.25 | 06/15/2029 | 1,275,000.00 | 1,270,696.00 | 0.11 |
| 91282CLU3 | United States Treasury Note/bond | T | 4.13 | 10/31/2031 | 1,225,000.00 | 1,243,853.00 | 0.11 |
| 92243QAA4 | VCAT 2025-npl3 Llc | VCAT | 5.89 | 02/25/2055 | 1,280,291.00 | 1,285,835.00 | 0.11 |
| 87470LAD3 | Tallgrass Energy Partners Lp / Tallgrass | TEP | 5.5 | 01/15/2028 | 1,250,000.00 | 1,247,495.00 | 0.11 |
| 81721MAM1 | Diversified Healthcare Trust | DHC | 4.75 | 02/15/2028 | 1,425,000.00 | 1,346,275.00 | 0.11 |
| 78398EAG0 | SCG Commercial Mortgage Trust 2025-dlfn | SCG | 6.51 | 03/15/2035 | 1,355,000.00 | 1,348,228.00 | 0.11 |
| 31418D2M3 | Fannie Mae Pool | FN | 2.5 | 07/01/2051 | 1,546,983.00 | 1,291,935.00 | 0.11 |
| 3136B3AL4 | Fannie Mae Remics | FNR | 3.5 | 10/01/2048 | 1,500,000.00 | 1,277,024.00 | 0.11 |
| 36179VTW0 | Ginnie Mae Ii Pool | G2 | 2.5 | 09/01/2050 | 1,570,639.00 | 1,340,801.00 | 0.11 |
| 34535CAD8 | FORD Credit Auto Owner Trust 2023-rev2 | FORDR | 6.6 | 02/15/2036 | 1,200,000.00 | 1,250,614.00 | 0.11 |
| 20754RAF3 | Connecticut Avenue Securities Trust 2021 | CAS | 7.45 | 10/25/2041 | 1,220,000.00 | 1,245,587.00 | 0.11 |
| 05971U2D8 | Banco De Credito Del Peru S.a. | BCP | 3.25 | 09/30/2031 | 1,315,000.00 | 1,286,727.00 | 0.11 |
| 03512TAF8 | Anglogold Ashanti Holdings Plc | ANGSJ | 3.38 | 11/01/2028 | 1,405,000.00 | 1,353,197.00 | 0.11 |
| 00653VAC5 | Adapthealth Llc | ADAHEA | 4.63 | 08/01/2029 | 1,350,000.00 | 1,278,140.00 | 0.11 |
| 00081TAK4 | ACCO Brands Corp | ACCO | 4.25 | 03/15/2029 | 1,475,000.00 | 1,324,177.00 | 0.11 |
| 1248EPCB7 | CCO Holdings Llc / Cco Holdings Capital | CHTR | 5.38 | 06/01/2029 | 1,350,000.00 | 1,339,157.00 | 0.11 |
| 09660SAA8 | BMO 2024-5c4 Mortgage Trust | BMO | 3.0 | 02/01/2057 | 16,130,000.00 | 1,328,447.00 | 0.11 |
| 08163XAC7 | Benchmark 2024-v5 Mortgage Trust | BMARK | 3.2 | 01/01/2057 | 13,473,000.00 | 1,172,126.00 | 0.10 |
| 11283YAD2 | Brookfield Residential Properties Inc / | BRPCN | 4.88 | 02/15/2030 | 1,325,000.00 | 1,216,641.00 | 0.10 |
| 11283YAG5 | Brookfield Residential Properties Inc / | BRPCN | 5.0 | 06/15/2029 | 1,200,000.00 | 1,125,336.00 | 0.10 |
| 131347CQ7 | Calpine Corp | CPN | 5.0 | 02/01/2031 | 1,175,000.00 | 1,165,433.00 | 0.10 |
| 039955AG4 | ARES Trust 2025-ind3 | ARES1 | 6.46 | 04/15/2027 | 1,130,000.00 | 1,129,999.00 | 0.10 |
| 04364VAK9 | Ascent Resources Utica Holdings Llc / Ar | ASCRES | 9.0 | 11/01/2027 | 1,004,000.00 | 1,212,632.00 | 0.10 |
| 05508WAB1 | B&G Foods Inc | BGS | 5.25 | 09/15/2027 | 1,275,000.00 | 1,219,238.00 | 0.10 |
| 05555HAN0 | BFLD 2024-wrhs Mortgage Trust | BFLD | 8.05 | 08/15/2026 | 1,205,096.00 | 1,202,083.00 | 0.10 |
| 06051GHX0 | BANK Of America Corp | BAC | 2.88 | 10/22/2030 | 1,200,000.00 | 1,134,709.00 | 0.10 |
| 06738EBV6 | Barclays Plc | BACR | 2.89 | 11/24/2032 | 1,270,000.00 | 1,134,926.00 | 0.10 |
| 25381MAA5 | Digicel International Finance Ltd / Difl | DIGDIF | 8.63 | 08/01/2032 | 1,120,000.00 | 1,144,827.00 | 0.10 |
| 3132DWBZ5 | Freddie Mac Pool | FR | 2.5 | 07/01/2051 | 1,354,032.00 | 1,132,407.00 | 0.10 |
| 3132DWF73 | Freddie Mac Pool | FR | 6.0 | 01/01/2053 | 1,197,992.00 | 1,228,344.00 | 0.10 |
| 3132DWDL4 | Freddie Mac Pool | FR | 3.5 | 04/01/2052 | 1,366,995.00 | 1,235,407.00 | 0.10 |
| 345397B77 | FORD Motor Credit Co Llc | F | 2.7 | 08/10/2026 | 1,175,000.00 | 1,151,474.00 | 0.10 |
| 31418EHP8 | Fannie Mae Pool | FN | 5.0 | 08/01/2052 | 1,131,922.00 | 1,121,761.00 | 0.10 |
| 31418EL57 | Fannie Mae Pool | FN | 6.0 | 11/01/2052 | 1,182,884.00 | 1,214,482.00 | 0.10 |
| 853496AG2 | Standard Industries Inc/ny | BMCAUS | 4.38 | 07/15/2030 | 1,200,000.00 | 1,150,273.00 | 0.10 |
| 69382HAA3 | PRPM 2025-2 Llc | PRPM | 6.47 | 05/01/2030 | 1,133,038.00 | 1,140,538.00 | 0.10 |
| 59833DAB6 | Midwest Gaming Borrower Llc / Midwest Ga | MWGAME | 4.88 | 05/01/2029 | 1,275,000.00 | 1,233,414.00 | 0.10 |
| BMVBZ33 | Aydem Yenilenebilir Enerji As | AYDEMT | 7.75 | 02/02/2027 | 1,208,000.00 | 1,192,670.00 | 0.10 |
| BNZHNG3 | Bellis Acquisition Co Plc | ASSDLN | 8.13 | 05/14/2030 | 897,000.00 | 1,156,312.00 | 0.10 |
| BPTKDV7 | Serbia International Bond | SERBIA | 6.25 | 05/26/2028 | 1,119,000.00 | 1,158,514.00 | 0.10 |
| BWWD237 | Petroleos Mexicanos | PEMEX | 2.75 | 04/21/2027 | 1,000,000.00 | 1,130,778.00 | 0.10 |
| BYWQJH3 | Petroleos Mexicanos | PEMEX | 4.88 | 02/21/2028 | 1,036,000.00 | 1,204,817.00 | 0.10 |
| B8ADAMRM6 | International Park Hldgs Bv | — | 7.29 | 12/31/2031 | 1,025,000.00 | 1,177,078.00 | 0.10 |
| BKVF4G7 | Perusahaan Perseroan Persero Pt Perusaha | PLNIJ | 1.88 | 11/05/2031 | 1,106,000.00 | 1,157,240.00 | 0.10 |
| BDRW0R6 | GOHL Capital Ltd | GENTMK | 4.25 | 01/24/2027 | 1,020,000.00 | 1,012,635.00 | 0.09 |
| 95003YAE2 | WFCM Commercial Mortgage Trust 2024-grp | WFCM | 7.3 | 10/15/2041 | 1,100,000.00 | 1,101,696.00 | 0.09 |
| 62886HBP5 | NCL Corp Ltd | NCLH | 6.25 | 03/01/2030 | 1,100,000.00 | 1,117,875.00 | 0.09 |
| 36179XBU9 | Ginnie Mae Ii Pool | G2 | 4.5 | 07/20/2052 | 1,132,303.00 | 1,099,200.00 | 0.09 |
| 463920AA6 | Island Finance Trust 2025-1 | ISLN | 6.54 | 03/19/2035 | 1,000,000.00 | 1,019,023.00 | 0.09 |
| 44855PAJ7 | Hudson Yards 2025-sprl Mortgage Trust | HY | 6.9 | 01/01/2040 | 970,000.00 | 1,007,068.00 | 0.09 |
| 452151LF8 | State Of Illinois | ILS | 5.1 | 06/01/2033 | 1,055,784.00 | 1,067,457.00 | 0.09 |
| 38141GWZ3 | Goldman Sachs Group Inc/the | GS | 4.22 | 05/01/2029 | 1,040,000.00 | 1,040,154.00 | 0.09 |
| 71643VAB1 | Petroleos Mexicanos | PEMEX | 6.7 | 02/16/2032 | 1,137,000.00 | 1,090,326.00 | 0.09 |
| 92682RAA0 | Viking Ocean Cruises Ship Vii Ltd | VIKCRU | 5.63 | 02/15/2029 | 1,075,000.00 | 1,073,935.00 | 0.09 |
| 3140XJ3C5 | Fannie Mae Pool | FN | 5.0 | 08/01/2052 | 1,045,447.00 | 1,037,369.00 | 0.09 |
| 3132DWAF0 | Freddie Mac Pool | FR | 2.0 | 11/01/2050 | 1,310,996.00 | 1,051,187.00 | 0.09 |
| 279158AN9 | Ecopetrol Sa | ECOPET | 6.88 | 04/29/2030 | 1,000,000.00 | 1,016,250.00 | 0.09 |
| 20753XAF1 | Connecticut Avenue Securities Trust 2022 | CAS | 10.6 | 03/25/2042 | 1,000,000.00 | 1,074,060.00 | 0.09 |
| 20753YCK6 | Connecticut Avenue Securities Trust 2022 | CAS | 7.45 | 03/25/2042 | 1,000,000.00 | 1,029,334.00 | 0.09 |
| 21H062693 | Ginnie Mae | G2SF | 6.5 | 09/20/2055 | 1,000,000.00 | 1,028,885.00 | 0.09 |
| 071734AD9 | Bausch Health Cos Inc | BHCCN | 7.0 | 01/15/2028 | 1,225,000.00 | 1,102,487.00 | 0.09 |
| 06211EBE0 | Bank5 2023-5yr3 | BANK5 | 3.56 | 09/01/2056 | 11,949,000.00 | 1,034,601.00 | 0.09 |
| 059895AV4 | Bangkok Bank Pcl/hong Kong | BBLTB | 3.47 | 09/23/2036 | 1,185,000.00 | 1,076,157.00 | 0.09 |
| 039955AJ8 | ARES Trust 2025-ind3 | ARES1 | 6.91 | 04/15/2027 | 1,060,000.00 | 1,060,962.00 | 0.09 |
| 123912AJ6 | BX Trust 2025-tail | BX | 7.66 | 06/15/2035 | 1,040,000.00 | 1,036,979.00 | 0.09 |
| 12433FAJ7 | BX Commercial Mortgage Trust 2025-spot | BX | 8.05 | 04/15/2040 | 1,098,164.00 | 1,097,478.00 | 0.09 |
| 097023CM5 | Boeing Co/the | BA | 2.7 | 02/01/2027 | 1,035,000.00 | 1,011,648.00 | 0.09 |
| 097023CR4 | Boeing Co/the | BA | 3.95 | 08/01/2059 | 1,500,000.00 | 1,034,235.00 | 0.09 |
| 097793AE3 | Civitas Resources Inc | CIVI | 5.0 | 10/15/2026 | 1,000,000.00 | 998,421.00 | 0.08 |
| 08949LAB6 | BIG River Steel Llc / Brs Finance Corp | BIGBRS | 6.63 | 01/31/2029 | 975,000.00 | 977,248.00 | 0.08 |
| 165167735 | Expand Energy Corp | EXE | — | — | 10,284.00 | 995,285.00 | 0.08 |
| 02406PAU4 | American Axle & Manufacturing Inc | AXL | 6.5 | 04/01/2027 | 950,000.00 | 952,573.00 | 0.08 |
| 00175PAB9 | AMN Healthcare Inc | AMN | 4.63 | 10/01/2027 | 1,000,000.00 | 983,961.00 | 0.08 |
| 00834BAK3 | Affirm Asset Securitization Trust 2024-a | AFFRM | 9.17 | 02/15/2029 | 900,000.00 | 908,500.00 | 0.08 |
| 06051GHV4 | BANK Of America Corp | BAC | 3.19 | 07/23/2030 | 1,000,000.00 | 959,990.00 | 0.08 |
| 06211FAC2 | Bank5 2023-5yr4 | BANK5 | 3.86 | 12/01/2056 | 10,349,000.00 | 983,124.00 | 0.08 |
| 233104AA6 | DCLI Bidco Llc | DIRCHA | 7.75 | 11/15/2029 | 960,000.00 | 983,139.00 | 0.08 |
| 3132DWDU4 | Freddie Mac Pool | FR | 4.0 | 05/01/2052 | 967,066.00 | 904,132.00 | 0.08 |
| 3140QPKN6 | Fannie Mae Pool | FN | 3.5 | 06/01/2052 | 1,095,539.00 | 995,539.00 | 0.08 |
| 92840MAC6 | Vistra Corp | VST | 7.0 | 06/15/2174 | 875,000.00 | 887,014.00 | 0.08 |
| 95081QAP9 | Wesco Distribution Inc | WCC | 7.25 | 06/15/2028 | 975,000.00 | 989,609.00 | 0.08 |
| 86771PAA8 | Sunrun Bacchus Issuer 2025-1 Llc | SUNRN | 5.99 | 04/30/2060 | 956,179.00 | 962,762.00 | 0.08 |
| 80282YAH9 | Santander Consumer Auto Receivables Trus | SCART | 3.28 | 03/15/2027 | 1,000,000.00 | 993,291.00 | 0.08 |
| 44267DAD9 | Howard Hughes Corp/the | HHH | 5.38 | 08/01/2028 | 920,000.00 | 919,340.00 | 0.08 |
| 46649XAL1 | J.P. Morgan Chase Commercial Mortgage Se | JPMCC | 4.77 | 07/01/2031 | 2,300,000.00 | 1,001,328.00 | 0.08 |
| 443628AJ1 | Hudbay Minerals Inc | HBMCN | 4.5 | 04/01/2026 | 900,000.00 | 893,547.00 | 0.08 |
| 48666KAX7 | KB Home | KBH | 6.88 | 06/15/2027 | 941,000.00 | 963,063.00 | 0.08 |
| 36179X5J1 | Ginnie Mae Ii Pool | G2 | 6.0 | 06/01/2053 | 939,323.00 | 963,807.00 | 0.08 |
| 36180AAG8 | Ginnie Mae Ii Pool | G2 | 6.0 | 09/01/2054 | 964,347.00 | 984,256.00 | 0.08 |
| 62482BAA0 | Medline Borrower Lp | MEDIND | 3.88 | 04/01/2029 | 975,000.00 | 936,845.00 | 0.08 |
| 57779EAA6 | Maxim Crane Works Holdings Capital Llc | CLDCRN | 11.5 | 09/01/2028 | 900,000.00 | 953,922.00 | 0.08 |
| 552704AF5 | MEG Energy Corp | MEGCN | 5.88 | 02/01/2029 | 950,000.00 | 956,688.00 | 0.08 |
| B97PWJ3 | Brazil Minas Spe Via State Of Minas Gera | MINASG | 5.33 | 02/15/2028 | 909,000.00 | 900,800.00 | 0.08 |
| BHZL0J5 | Petrobras Global Finance Bv | PETBRA | 6.63 | 01/16/2034 | 730,000.00 | 971,991.00 | 0.08 |
| BHKDDN1 | MONG Duong Finance Holdings Bv | MONDFI | 5.13 | 05/07/2029 | 863,941.00 | 853,400.00 | 0.07 |
| BF2DK01 | Power Finance Corp Ltd | POWFIN | 5.25 | 08/10/2028 | 800,000.00 | 818,056.00 | 0.07 |
| BL5042512 | Level 3 Financing Inc | LVLT | 8.61 | 03/27/2032 | 825,000.00 | 828,300.00 | 0.07 |
| BL4070472 | CSC Holdings Llc | CSCHLD | 8.86 | 01/18/2028 | 817,227.00 | 814,417.00 | 0.07 |
| BNYNN06 | Freeport Indonesia Pt | FRIDPT | 5.32 | 04/14/2032 | 820,000.00 | 833,325.00 | 0.07 |
| SWB8ADC07S | SWP: Ois Sofr 3.135500 14-dec-2054_c | — | — | 12/14/2054 | -23,220,000.00 | 843,703.00 | 0.07 |
| 55305BAS0 | M/I Homes Inc | MHO | 4.95 | 02/01/2028 | 800,000.00 | 791,839.00 | 0.07 |
| 527298CN1 | Level 3 Financing Inc | LVLT | 7.0 | 03/31/2034 | 815,000.00 | 820,302.00 | 0.07 |
| 59284MAB0 | Mexico City Airport Trust | MEXCAT | 5.5 | 10/31/2046 | 938,000.00 | 796,718.00 | 0.07 |
| 670001AN6 | Novelis Corp | HNDLIN | 6.38 | 08/15/2033 | 850,000.00 | 858,353.00 | 0.07 |
| 63861CAA7 | Nationstar Mortgage Holdings Inc | COOP | 6.0 | 01/15/2027 | 800,000.00 | 800,775.00 | 0.07 |
| 364760AP3 | GAP Inc/the | GAP | 3.63 | 10/01/2029 | 825,000.00 | 772,679.00 | 0.07 |
| 38237BAA8 | Goodleap Sustainable Home Solutions Trus | GOOD | 6.25 | 06/20/2057 | 807,302.00 | 791,667.00 | 0.07 |
| 88033GDR8 | Tenet Healthcare Corp | THC | 4.38 | 01/15/2030 | 875,000.00 | 849,119.00 | 0.07 |
| 88033GDH0 | Tenet Healthcare Corp | THC | 4.63 | 06/15/2028 | 825,000.00 | 815,803.00 | 0.07 |
| 912834MZ8 | United States Treasury Strip Coupon | S | — | 11/15/2043 | 2,245,000.00 | 883,220.00 | 0.07 |
| 90932LAG2 | United Airlines Inc | UAL | 4.38 | 04/15/2026 | 850,000.00 | 847,385.00 | 0.07 |
| 89055FAC7 | Topbuild Corp | BLD | 4.13 | 02/15/2032 | 875,000.00 | 816,177.00 | 0.07 |
| 3140QLJG2 | Fannie Mae Pool | FN | 3.5 | 07/01/2051 | 931,506.00 | 847,777.00 | 0.07 |
| 3140QMCJ1 | Fannie Mae Pool | FN | 3.0 | 10/01/2051 | 942,311.00 | 819,881.00 | 0.07 |
| 31418D6D9 | Fannie Mae Pool | FN | 3.0 | 11/01/2051 | 887,438.00 | 773,602.00 | 0.07 |
| 31418ENM8 | Fannie Mae Pool | FN | 6.5 | 01/01/2053 | 850,468.00 | 883,362.00 | 0.07 |
| 31556TAC3 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 6.75 | 01/15/2030 | 900,000.00 | 846,957.00 | 0.07 |
| 3132DWCN1 | Freddie Mac Pool | FR | 2.0 | 11/01/2051 | 1,081,302.00 | 863,658.00 | 0.07 |
| 071734AJ6 | Bausch Health Cos Inc | BHCCN | 5.25 | 01/30/2030 | 1,175,000.00 | 847,809.00 | 0.07 |
| 045086AP0 | Ashton Woods Usa Llc / Ashton Woods Fina | ASHWOO | 4.63 | 04/01/2030 | 825,000.00 | 779,740.00 | 0.07 |
| 15853BAA9 | Champion Iron Canada Inc | CIACN | 7.88 | 07/15/2032 | 775,000.00 | 806,372.00 | 0.07 |
| 146869AN2 | Carvana Co | CVNA | 9.0 | 06/01/2030 | 800,000.00 | 835,704.00 | 0.07 |
| 131347CM6 | Calpine Corp | CPN | 4.5 | 02/15/2028 | 670,000.00 | 663,832.00 | 0.06 |
| 126307BF3 | CSC Holdings Llc | CSCHLD | 3.38 | 02/15/2031 | 1,080,000.00 | 691,048.00 | 0.06 |
| 18972EAB1 | Clydesdale Acquisition Holdings Inc | NOVHOL | 8.75 | 04/15/2030 | 690,000.00 | 711,510.00 | 0.06 |
| 07336HAA0 | Bayview Financing Trust 2023-1f | BVFT | 8.35 | 07/01/2026 | 699,579.00 | 700,068.00 | 0.06 |
| 097751BT7 | Bombardier Inc | BBDBCN | 7.88 | 04/15/2027 | 689,000.00 | 690,722.00 | 0.06 |
| 045086AM7 | Ashton Woods Usa Llc / Ashton Woods Fina | ASHWOO | 4.63 | 08/01/2029 | 675,000.00 | 649,845.00 | 0.06 |
| 00737WAA7 | Adtalem Global Education Inc | ATGE | 5.5 | 03/01/2028 | 728,000.00 | 725,049.00 | 0.06 |
| 019579AA9 | Allied Universal Holdco Llc/allied Unive | UNSEAM | 4.63 | 06/01/2028 | 680,000.00 | 663,081.00 | 0.06 |
| 29273VAN0 | Energy Transfer Lp | ET | 6.5 | 11/15/2173 | 655,000.00 | 658,132.00 | 0.06 |
| 27034RAA1 | Permian Resources Operating Llc | PR | 8.0 | 04/15/2027 | 650,000.00 | 661,864.00 | 0.06 |
| 20755DAB2 | Connecticut Avenue Securities Trust 2022 | CAS | 7.95 | 07/25/2042 | 635,000.00 | 663,737.00 | 0.06 |
| 345370DA5 | FORD Motor Co | F | 3.25 | 02/12/2032 | 875,000.00 | 749,750.00 | 0.06 |
| 36179UGB2 | Ginnie Mae Ii Pool | G2 | 3.5 | 11/01/2048 | 804,327.00 | 742,211.00 | 0.06 |
| 36179VSG6 | Ginnie Mae Ii Pool | G2 | 2.5 | 08/01/2050 | 897,171.00 | 766,256.00 | 0.06 |
| 35564KWT2 | Freddie Mac Stacr Remic Trust 2022-dna4 | STACR | 7.7 | 05/25/2042 | 700,000.00 | 726,616.00 | 0.06 |
| 89832QAD1 | Truist Financial Corp | TFC | 6.67 | 03/01/2172 | 710,000.00 | 710,682.00 | 0.06 |
| 92332YAF8 | Venture Global Lng Inc | VENLNG | 9.0 | 03/30/2173 | 695,000.00 | 691,354.00 | 0.06 |
| 95003YAC6 | WFCM Commercial Mortgage Trust 2024-grp | WFCM | 6.65 | 10/15/2041 | 700,000.00 | 702,492.00 | 0.06 |
| 83368RBD3 | Societe Generale Sa | SOCGEN | 2.89 | 06/09/2032 | 745,000.00 | 662,018.00 | 0.06 |
| 844741BK3 | Southwest Airlines Co | LUV | 5.13 | 06/15/2027 | 695,000.00 | 702,941.00 | 0.06 |
| 80386WAC9 | Sasol Financing Usa Llc | SASOL | 4.38 | 09/18/2026 | 730,000.00 | 723,386.00 | 0.06 |
| 364760AQ1 | GAP Inc/the | GAP | 3.88 | 10/01/2031 | 750,000.00 | 676,947.00 | 0.06 |
| 36179XH33 | Ginnie Mae Ii Pool | G2 | 6.0 | 10/01/2052 | 699,693.00 | 719,061.00 | 0.06 |
| 36179XTE6 | Ginnie Mae Ii Pool | G2 | 6.0 | 02/20/2053 | 724,451.00 | 744,000.00 | 0.06 |
| 46115HBQ9 | Intesa Sanpaolo Spa | ISPIM | 4.2 | 06/01/2032 | 700,000.00 | 654,213.00 | 0.06 |
| 431318AS3 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 6.25 | 11/01/2028 | 700,000.00 | 703,869.00 | 0.06 |
| 431318AU8 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 5.75 | 02/01/2029 | 675,000.00 | 667,416.00 | 0.06 |
| 431318AV6 | Hilcorp Energy I Lp / Hilcorp Finance Co | HILCRP | 6.0 | 02/01/2031 | 675,000.00 | 650,996.00 | 0.06 |
| 638962AA8 | NCR Atleos Corp | NCRATL | 9.5 | 04/01/2029 | 656,000.00 | 711,392.00 | 0.06 |
| 682413AG4 | ONE 2021-park Mortgage Trust | ONP | 5.98 | 03/15/2036 | 772,000.00 | 733,019.00 | 0.06 |
| 682691AA8 | Onemain Finance Corp | OMF | 4.0 | 09/15/2030 | 750,000.00 | 693,526.00 | 0.06 |
| 600814AR8 | Millicom International Cellular Sa | TIGO | 4.5 | 04/27/2031 | 720,000.00 | 669,963.00 | 0.06 |
| 513272AE4 | LAMB Weston Holdings Inc | LW | 4.38 | 01/31/2032 | 725,000.00 | 681,829.00 | 0.06 |
| SWB8ADCX6K | SWP: Ois Sofr 3.825010 20-dec-2054_c | — | — | 12/20/2054 | -15,895,000.00 | 699,577.00 | 0.06 |
| BPP2FT9 | Dominican Republic International Bond | DOMREP | 5.5 | 02/22/2029 | 663,000.00 | 668,502.00 | 0.06 |
| SWB8A9KCBB | SWP: Ois Sofr 1.350000 11-may-2054 | — | — | 05/11/2054 | -1,640,000.00 | 763,519.00 | 0.06 |
| FVZ5 COMDT | US 5yr Note (cbt) Dec25 | FVZ5 | — | 12/31/2025 | 210,727,344.00 | 763,292.00 | 0.06 |
| BL4124436 | Asurion Llc | ASUCOR | 8.71 | 08/19/2028 | 689,363.00 | 688,156.00 | 0.06 |
| BM9BWQ7 | VMED O2 Uk Financing I Plc | VMED | 4.0 | 01/31/2029 | 550,000.00 | 698,851.00 | 0.06 |
| BFD2NF3 | DP World Ltd/united Arab Emirates | DPWDU | 4.25 | 09/25/2030 | 500,000.00 | 655,526.00 | 0.06 |
| BJCX1Z1 | Virgin Media Secured Finance Plc | VMED | 5.25 | 05/15/2029 | 500,000.00 | 654,995.00 | 0.06 |
| XS30991559 | Bellis Acquisition Co Plc | ASSDLN | 8.0 | 07/01/2031 | 635,000.00 | 748,458.00 | 0.06 |
| BP0TT71 | United Group Bv | ADRBID | 4.63 | 08/15/2028 | 500,000.00 | 580,679.00 | 0.05 |
| SWB8ADQ7VX | Scds: (argent) | — | 1.0 | 06/20/2030 | -2,000,000.00 | 540,469.00 | 0.05 |
| SWB8ADQ7XQ | Scds: (turkey) | — | 1.0 | 06/20/2030 | -9,000,000.00 | 592,647.00 | 0.05 |
| 48666KAZ2 | KB Home | KBH | 4.0 | 06/15/2031 | 615,000.00 | 573,795.00 | 0.05 |
| 50050NAA1 | Kontoor Brands Inc | KTB | 4.13 | 11/15/2029 | 600,000.00 | 565,156.00 | 0.05 |
| 45344LAG8 | Crescent Energy Finance Llc | CRGYFN | 8.38 | 01/15/2034 | 575,000.00 | 583,803.00 | 0.05 |
| 36179VZQ6 | Ginnie Mae Ii Pool | G2 | 2.0 | 12/01/2050 | 668,877.00 | 548,130.00 | 0.05 |
| 36179WG69 | Ginnie Mae Ii Pool | G2 | 4.0 | 06/01/2051 | 617,157.00 | 582,833.00 | 0.05 |
| 36179WVX3 | Ginnie Mae Ii Pool | G2 | 4.0 | 01/01/2052 | 646,096.00 | 607,436.00 | 0.05 |
| 38382AXK6 | Government National Mortgage Association | GNR | 3.0 | 11/01/2049 | 3,597,309.00 | 599,379.00 | 0.05 |
| 81728UAB0 | Sensata Technologies Inc | ST | 3.75 | 02/15/2031 | 665,000.00 | 611,324.00 | 0.05 |
| 82650BAD8 | Sierra Timeshare 2023-2 Receivables Fund | SRFC | 9.72 | 04/20/2040 | 548,497.00 | 576,799.00 | 0.05 |
| 845467AT6 | Expand Energy Corp | EXE | 4.75 | 02/01/2032 | 575,000.00 | 560,008.00 | 0.05 |
| 74052HAB0 | Premier Entertainment Sub Llc / Premier | BALY | 5.88 | 09/01/2031 | 1,025,000.00 | 609,120.00 | 0.05 |
| 912834KP2 | United States Treasury Strip Coupon | S | — | 08/15/2041 | 1,295,000.00 | 584,915.00 | 0.05 |
| 914906AY8 | Univision Communications Inc | UVN | 8.0 | 08/15/2028 | 625,000.00 | 648,540.00 | 0.05 |
| 36179TLS2 | Ginnie Mae Ii Pool | G2 | 3.5 | 11/01/2047 | 676,705.00 | 626,639.00 | 0.05 |
| 335934AX3 | First Quantum Minerals Ltd | FMCN | 7.25 | 02/15/2034 | 645,000.00 | 649,031.00 | 0.05 |
| 315293308 | Ferrellgas Partners Lp | FGPRB | — | — | 4,838.00 | 619,317.00 | 0.05 |
| 31418FLR6 | Fannie Mae Pool | FN | 5.5 | 06/01/2055 | 568,142.00 | 571,563.00 | 0.05 |
| 20755DAF3 | Connecticut Avenue Securities Trust 2022 | CAS | 9.95 | 07/25/2042 | 500,000.00 | 537,815.00 | 0.05 |
| 20754MAF4 | Connecticut Avenue Securities Trust 2022 | CAS | 11.15 | 06/25/2042 | 500,000.00 | 548,436.00 | 0.05 |
| 279158AP4 | Ecopetrol Sa | ECOPET | 4.63 | 11/02/2031 | 620,000.00 | 543,789.00 | 0.05 |
| 25470MAG4 | DISH Network Corp | DISH | 11.75 | 11/15/2027 | 525,000.00 | 555,301.00 | 0.05 |
| 29163VAG8 | Empire Communities Corp | EMPRCC | 9.75 | 05/01/2029 | 550,000.00 | 564,503.00 | 0.05 |
| 3132DWMS9 | Freddie Mac Pool | FR | 5.5 | 10/01/2054 | 533,505.00 | 536,758.00 | 0.05 |
| 02007GZ89 | ALLY Bank Auto Credit-linked Notes Serie | ABCLN | 7.92 | 05/17/2032 | 565,001.00 | 578,449.00 | 0.05 |
| 05508WAC9 | B&G Foods Inc | BGS | 8.0 | 09/15/2028 | 575,000.00 | 565,560.00 | 0.05 |
| 05565QDU9 | BP Capital Markets Plc | BPLN | 4.38 | 09/22/2173 | 638,000.00 | 638,000.00 | 0.05 |
| 071734AM9 | Bausch Health Cos Inc | BHCCN | 5.0 | 02/15/2029 | 800,000.00 | 611,464.00 | 0.05 |
| 071734AH0 | Bausch Health Cos Inc | BHCCN | 5.0 | 01/30/2028 | 650,000.00 | 561,437.00 | 0.05 |
| 097751CD1 | Bombardier Inc | BBDBCN | 6.75 | 06/15/2033 | 595,000.00 | 617,967.00 | 0.05 |
| 172967MU2 | Citigroup Inc | C | 4.0 | 03/10/2173 | 605,000.00 | 600,488.00 | 0.05 |
| 12654FAA8 | COMM 2024-277p Mortgage Trust | COMM | 6.34 | 08/10/2044 | 600,000.00 | 634,060.00 | 0.05 |
| 12674CAA1 | CA Magnum Holdings | HEXWIN | 5.38 | 10/31/2026 | 535,000.00 | 531,656.00 | 0.05 |
| 165167DG9 | Expand Energy Corp | EXE | 5.88 | 02/01/2029 | 425,000.00 | 426,876.00 | 0.04 |
| 071734AN7 | Bausch Health Cos Inc | BHCCN | 4.88 | 06/01/2028 | 575,000.00 | 516,781.00 | 0.04 |
| 04433LAA0 | Ashland Inc | ASH | 3.38 | 09/01/2031 | 575,000.00 | 511,824.00 | 0.04 |
| 01F0226A8 | Fannie Mae Or Freddie Mac | FNCL | 2.5 | 10/01/2055 | 500,000.00 | 415,049.00 | 0.04 |
| 25470XBB0 | DISH Dbs Corp | DISH | 7.38 | 07/01/2028 | 500,000.00 | 452,544.00 | 0.04 |
| 31418EGT1 | Fannie Mae Pool | FN | 5.0 | 07/01/2052 | 527,037.00 | 522,306.00 | 0.04 |
| 345397B51 | FORD Motor Credit Co Llc | F | 2.9 | 02/16/2028 | 550,000.00 | 521,369.00 | 0.04 |
| 3140J5VG1 | Fannie Mae Pool | FN | 5.0 | 11/01/2044 | 479,083.00 | 485,364.00 | 0.04 |
| 912803EK5 | United States Treasury Strip Principal | SP | — | 11/15/2044 | 1,145,000.00 | 438,257.00 | 0.04 |
| 912834DV7 | United States Treasury Strip Coupon | S | — | 05/15/2039 | 830,000.00 | 431,035.00 | 0.04 |
| 68622TAB7 | Organon & Co / Organon Foreign Debt Co-i | OGN | 5.13 | 04/30/2031 | 525,000.00 | 450,237.00 | 0.04 |
| 87724RAJ1 | Taylor Morrison Communities Inc | TMHC | 5.13 | 08/01/2030 | 530,000.00 | 528,541.00 | 0.04 |
| 817477AG7 | Serbia International Bond | SERBIA | 6.25 | 05/26/2028 | 425,000.00 | 440,007.00 | 0.04 |
| 749571AK1 | RHP Hotel Properties Lp / Rhp Finance Co | RHP | 6.5 | 04/01/2032 | 500,000.00 | 513,706.00 | 0.04 |
| 398433AP7 | Griffon Corp | GFF | 5.75 | 03/01/2028 | 515,000.00 | 513,988.00 | 0.04 |
| 36179YS88 | Ginnie Mae Ii Pool | G2 | 6.5 | 03/20/2054 | 511,922.00 | 527,195.00 | 0.04 |
| 45344LAD5 | Crescent Energy Finance Llc | CRGYFN | 7.63 | 04/01/2032 | 470,000.00 | 468,183.00 | 0.04 |
| 513272AD6 | LAMB Weston Holdings Inc | LW | 4.13 | 01/31/2030 | 450,000.00 | 431,601.00 | 0.04 |
| 475795AD2 | Jeld-wen Inc | JELD | 4.88 | 12/15/2027 | 450,000.00 | 442,706.00 | 0.04 |
| 536797AG8 | Lithia Motors Inc | LAD | 3.88 | 06/01/2029 | 550,000.00 | 526,833.00 | 0.04 |
| 53222MAD4 | Light Servicos De Eletricidade Sa | LIGTBZ | 4.21 | 12/19/2032 | 759,679.00 | 425,215.00 | 0.04 |
| 55342UAH7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 5.0 | 10/15/2027 | 450,000.00 | 426,629.00 | 0.04 |
| 603051AE3 | Mineral Resources Ltd | MINAU | 9.25 | 10/01/2028 | 450,000.00 | 469,444.00 | 0.04 |
| 62886HBE0 | NCL Corp Ltd | NCLH | 5.88 | 02/15/2027 | 500,000.00 | 499,230.00 | 0.04 |
| L8176HAF7 | Intelsat Emergence Sa | — | — | — | 34,637.00 | 440,184.00 | 0.04 |
| SWB8ACMDEY | SWP: Ois Sofr 4.497000 13-may-2027 | — | — | 05/13/2027 | 28,000,000.00 | 465,140.00 | 0.04 |
| BT3K009 | Softbank Group Corp | SOFTBK | 5.75 | 07/08/2032 | 400,000.00 | 484,853.00 | 0.04 |
| BNRKHP7 | Serbia International Bond | SERBIA | 1.65 | 03/03/2033 | 500,000.00 | 482,221.00 | 0.04 |
| BMG92X1 | Serbia International Bond | SERBIA | 2.13 | 12/01/2030 | 508,000.00 | 437,991.00 | 0.04 |
| B8AC5MQN3 | Diamond Sports Grp Llc- Cs | — | — | — | 37,739.00 | 511,363.00 | 0.04 |
| B8ADRJ0H5 | Clubcorp Holdings Inc | — | 9.33 | 04/30/2032 | 347,912.00 | 345,059.00 | 0.03 |
| BMH2ZN0 | United Group Bv | ADRBID | 4.0 | 11/15/2027 | 318,182.00 | 369,713.00 | 0.03 |
| BL4047090 | Tenneco Inc | TEN | 9.05 | 11/17/2028 | 387,911.00 | 385,324.00 | 0.03 |
| CURRENCY | Currency | — | — | — | 390,197.00 | 402,495.00 | 0.03 |
| PR3JL1MGV5 | Krw/usd Fwd 20250917 Mslngb2x | KRW | — | 09/17/2025 | -8,714,137,417.00 | 300,070.00 | 0.03 |
| SWB8A5Z0B3 | Fswp: Ois 1.050000 08-may-2027 | — | — | 05/08/2027 | -6,015,000.00 | 356,897.00 | 0.03 |
| SWB8A5Z42Z | Fswp: Ois 1.100000 08-may-2029 | — | — | 05/08/2029 | -2,730,000.00 | 332,874.00 | 0.03 |
| SWB8ADJC36 | SWP: Ois Sofr 3.926820 15-nov-2052_c | — | — | 11/15/2052 | -11,048,000.00 | 300,933.00 | 0.03 |
| UXYZ5 COMD | US 10yr Ultra Fut Dec25 | UXYZ5 | — | 12/19/2025 | 91,753,813.00 | 392,514.00 | 0.03 |
| XS30991560 | Bellis Acquisition Co Plc | ASSDLN | 8.0 | 07/01/2031 | 275,000.00 | 326,019.00 | 0.03 |
| 682413AJ8 | ONE 2021-park Mortgage Trust | ONP | 6.23 | 03/15/2036 | 400,000.00 | 370,803.00 | 0.03 |
| 55342UAM6 | MPT Operating Partnership Lp / Mpt Finan | MPW | 3.5 | 03/15/2031 | 500,000.00 | 352,792.00 | 0.03 |
| 527298CM3 | Level 3 Financing Inc | LVLT | 6.88 | 06/30/2033 | 400,000.00 | 404,119.00 | 0.03 |
| 460599AD5 | Brightstar Lottery Plc | IGT | 6.25 | 01/15/2027 | 325,000.00 | 327,860.00 | 0.03 |
| 469815AL8 | Jacobs Entertainment Inc | JACENT | 6.75 | 02/15/2029 | 350,000.00 | 340,313.00 | 0.03 |
| 47233JBH0 | Jefferies Financial Group Inc | JEF | 4.15 | 01/23/2030 | 350,000.00 | 345,557.00 | 0.03 |
| 42704LAF1 | HERC Holdings Inc | HRI | 7.0 | 06/15/2030 | 285,000.00 | 296,603.00 | 0.03 |
| 44330BAM6 | HPS Investment Partners Clo Us Subsidiar | HLM | 6.21 | 10/20/2029 | 299,010.00 | 298,723.00 | 0.03 |
| 38237CAA6 | Goodleap Sustainable Home Solutions Trus | GOOD | 6.5 | 07/20/2055 | 409,016.00 | 399,179.00 | 0.03 |
| 366651AC1 | Gartner Inc | IT | 4.5 | 07/01/2028 | 350,000.00 | 346,250.00 | 0.03 |
| 87724RAA0 | Taylor Morrison Communities Inc | TMHC | 5.88 | 06/15/2027 | 400,000.00 | 403,325.00 | 0.03 |
| 88033GDM9 | Tenet Healthcare Corp | THC | 4.25 | 06/01/2029 | 325,000.00 | 316,520.00 | 0.03 |
| 69331CAM0 | PG&E Corp | PCG | 7.38 | 03/15/2055 | 350,000.00 | 347,214.00 | 0.03 |
| 71654QDC3 | Petroleos Mexicanos | PEMEX | 6.84 | 01/23/2030 | 400,000.00 | 397,600.00 | 0.03 |
| 74843PAA8 | Quikrete Holdings Inc | QUIKHO | 6.38 | 03/01/2032 | 395,000.00 | 407,334.00 | 0.03 |
| 90932LAH0 | United Airlines Inc | UAL | 4.63 | 04/15/2029 | 400,000.00 | 394,025.00 | 0.03 |
| 90932JAA0 | United Airlines 2019-2 Class Aa Pass Thr | UAL | 2.7 | 05/01/2032 | 348,169.00 | 315,744.00 | 0.03 |
| 91153LAA5 | United Wholesale Mortgage Llc | UWMLLC | 5.5 | 11/15/2025 | 400,000.00 | 399,500.00 | 0.03 |
| 92564RAA3 | VICI Properties Lp / Vici Note Co Inc | VICI | 4.25 | 12/01/2026 | 345,000.00 | 343,465.00 | 0.03 |
| 92840VAF9 | Vistra Operations Co Llc | VST | 5.0 | 07/31/2027 | 405,000.00 | 404,110.00 | 0.03 |
| 92676XAD9 | Viking Cruises Ltd | VIKCRU | 5.88 | 09/15/2027 | 300,000.00 | 299,559.00 | 0.03 |
| 35564KMH9 | Freddie Mac Stacr Remic Trust 2021-dna7 | STACR | 6.15 | 11/25/2041 | 310,000.00 | 312,592.00 | 0.03 |
| 3132DWCQ4 | Freddie Mac Pool | FR | 3.0 | 11/01/2051 | 344,292.00 | 300,057.00 | 0.03 |
| 3132DWDF7 | Freddie Mac Pool | FR | 3.5 | 03/01/2052 | 345,612.00 | 314,233.00 | 0.03 |
| 3132DWAW3 | Freddie Mac Pool | FR | 2.0 | 01/01/2051 | 512,225.00 | 410,714.00 | 0.03 |
| 29646AAD8 | Eskom Holdings | ESKOM | 8.45 | 08/10/2028 | 306,000.00 | 324,837.00 | 0.03 |
| 00653VAA9 | Adapthealth Llc | ADAHEA | 6.13 | 08/01/2028 | 300,000.00 | 298,997.00 | 0.03 |
| 02128LAC0 | ALTA Equipment Group Inc | ALTG | 9.0 | 06/01/2029 | 365,000.00 | 347,214.00 | 0.03 |
| 049362AA4 | Allied Universal Holdco Llc/allied Unive | UNSEAM | 4.63 | 06/01/2028 | 420,000.00 | 410,251.00 | 0.03 |
| 185899AS0 | Cleveland-cliffs Inc | CLF | 7.5 | 09/15/2031 | 400,000.00 | 405,657.00 | 0.03 |
| 147918AB2 | Cassa Depositi E Prestiti Spa | CDEP | 5.75 | 05/05/2026 | 400,000.00 | 403,043.00 | 0.03 |
| 07336MAA9 | Bayview Opportunity Master Fund Vii Trus | BVABS | 6.97 | 07/29/2032 | 374,016.00 | 374,754.00 | 0.03 |
| 126307AQ0 | CSC Holdings Llc | CSCHLD | 5.5 | 04/15/2027 | 400,000.00 | 384,980.00 | 0.03 |
| 126307AS6 | CSC Holdings Llc | CSCHLD | 5.38 | 02/01/2028 | 225,000.00 | 207,337.00 | 0.02 |
| 10554TAD7 | Braskem Netherlands Finance Bv | BRASKM | 4.5 | 01/31/2030 | 262,000.00 | 183,727.00 | 0.02 |
| 11283YAB6 | Brookfield Residential Properties Inc / | BRPCN | 6.25 | 09/15/2027 | 275,000.00 | 274,048.00 | 0.02 |
| 146869AL6 | Carvana Co | CVNA | 9.0 | 12/01/2028 | 257,825.00 | 263,759.00 | 0.02 |
| 126307BD8 | CSC Holdings Llc | CSCHLD | 4.63 | 12/01/2030 | 475,000.00 | 208,468.00 | 0.02 |
| 18972EAD7 | Clydesdale Acquisition Holdings Inc | NOVHOL | 6.75 | 04/15/2032 | 250,000.00 | 256,749.00 | 0.02 |
| 17888HAC7 | Civitas Resources Inc | CIVI | 8.63 | 11/01/2030 | 275,000.00 | 286,274.00 | 0.02 |
| 18551PAE9 | Cleco Corporate Holdings Llc | CNL | 3.38 | 09/15/2029 | 295,000.00 | 276,075.00 | 0.02 |
| 185899AQ4 | Cleveland-cliffs Inc | CLF | 6.88 | 11/01/2029 | 245,000.00 | 248,675.00 | 0.02 |
| 05491LAJ7 | Bbcms 2016-etc Mortgage Trust | BBCMS | 3.73 | 08/05/2036 | 250,000.00 | 228,368.00 | 0.02 |
| 05491VAJ5 | Bbcms 2018-chrs Mortgage Trust | BBCMS | 4.41 | 08/01/2038 | 250,000.00 | 218,255.00 | 0.02 |
| 01F050692 | Fannie Mae Or Freddie Mac | FNCL | 5.0 | 09/01/2055 | 250,000.00 | 246,531.00 | 0.02 |
| 030981AL8 | Amerigas Partners Lp / Amerigas Finance | APU | 5.75 | 05/20/2027 | 295,000.00 | 294,336.00 | 0.02 |
| 04364VAX1 | Ascent Resources Utica Holdings Llc / Ar | ASCRES | 6.63 | 10/15/2032 | 280,000.00 | 285,091.00 | 0.02 |
| 29379VBM4 | Enterprise Products Operating Llc | EPD | 7.43 | 08/16/2077 | 200,000.00 | 199,809.00 | 0.02 |
| 25470XBD6 | DISH Dbs Corp | DISH | 5.13 | 06/01/2029 | 225,000.00 | 185,521.00 | 0.02 |
| 21873SAB4 | Coreweave Inc | CRWV | 9.25 | 06/01/2030 | 205,000.00 | 205,700.00 | 0.02 |
| 21873SAC2 | Coreweave Inc | CRWV | 9.0 | 02/01/2031 | 290,000.00 | 287,113.00 | 0.02 |
| 23307CAJ4 | DBWF 2016-85t Mortgage Trust | DBWF | 3.94 | 12/01/2036 | 250,000.00 | 234,556.00 | 0.02 |
| 35641AAC2 | Freedom Mortgage Holdings Llc | FREMOR | 8.38 | 04/01/2032 | 220,000.00 | 227,230.00 | 0.02 |
| 36168QAQ7 | GFL Environmental Inc | GFLCN | 6.75 | 01/15/2031 | 210,000.00 | 218,662.00 | 0.02 |
| 335934AV7 | First Quantum Minerals Ltd | FMCN | 9.38 | 03/01/2029 | 210,000.00 | 222,579.00 | 0.02 |
| 31397VSJ7 | Fannie Mae Interest Strip | FNS | 3.5 | 11/01/2035 | 2,238,577.00 | 241,353.00 | 0.02 |
| 922966AB2 | Venture Global Plaquemines Lng Llc | VEGLPL | 7.75 | 05/01/2035 | 242,000.00 | 269,520.00 | 0.02 |
| 92840VAH5 | Vistra Operations Co Llc | VST | 4.38 | 05/01/2029 | 225,000.00 | 220,048.00 | 0.02 |
| 95081QAQ7 | Wesco Distribution Inc | WCC | 6.38 | 03/15/2029 | 205,000.00 | 211,292.00 | 0.02 |
| 92564RAB1 | VICI Properties Lp / Vici Note Co Inc | VICI | 4.63 | 12/01/2029 | 285,000.00 | 281,835.00 | 0.02 |
| 893830BL2 | Transocean Inc | RIG | 8.0 | 02/01/2027 | 235,000.00 | 234,067.00 | 0.02 |
| 912834JH2 | United States Treasury Strip Coupon | S | — | 11/15/2040 | 580,000.00 | 273,845.00 | 0.02 |
| 912810UK2 | United States Treasury Note/bond | T | 4.75 | 05/15/2055 | 195,000.00 | 189,728.00 | 0.02 |
| 71880KAA9 | Phinia Inc | PHIN | 6.75 | 04/15/2029 | 200,000.00 | 206,721.00 | 0.02 |
| 77340RAM9 | Rockies Express Pipeline Llc | ROCKIE | 6.88 | 04/15/2040 | 225,000.00 | 227,061.00 | 0.02 |
| 79546VAQ9 | Sally Holdings Llc / Sally Capital Inc | SBH | 6.75 | 03/01/2032 | 250,000.00 | 259,635.00 | 0.02 |
| 36268NAA8 | Boost Newco Borrower Llc | WRLDPY | 7.5 | 01/15/2031 | 200,000.00 | 212,128.00 | 0.02 |
| 38141GWV2 | Goldman Sachs Group Inc/the | GS | 3.81 | 04/23/2029 | 265,000.00 | 262,259.00 | 0.02 |
| 36179XFL5 | Ginnie Mae Ii Pool | G2 | 6.0 | 09/20/2052 | 227,648.00 | 233,999.00 | 0.02 |
| 45344LAC7 | Crescent Energy Finance Llc | CRGYFN | 9.25 | 02/15/2028 | 224,000.00 | 233,931.00 | 0.02 |
| 404119BS7 | HCA Inc | HCA | 5.88 | 02/15/2026 | 200,000.00 | 200,185.00 | 0.02 |
| 422704AH9 | Hecla Mining Co | HL | 7.25 | 02/15/2028 | 277,000.00 | 280,511.00 | 0.02 |
| 517834AF4 | LAS Vegas Sands Corp | LVS | 3.9 | 08/08/2029 | 255,000.00 | 246,013.00 | 0.02 |
| 552953CF6 | MGM Resorts International | MGM | 5.5 | 04/15/2027 | 250,000.00 | 251,570.00 | 0.02 |
| 67091TAD7 | OCP Sa | OCPMR | 3.75 | 06/23/2031 | 200,000.00 | 183,056.00 | 0.02 |
| 668771AM0 | GEN Digital Inc | GEN | 6.25 | 04/01/2033 | 266,000.00 | 273,604.00 | 0.02 |
| 629377CE0 | NRG Energy Inc | NRG | 5.75 | 01/15/2028 | 225,000.00 | 225,640.00 | 0.02 |
| 629377CQ3 | NRG Energy Inc | NRG | 3.38 | 02/15/2029 | 200,000.00 | 189,667.00 | 0.02 |
| 629377CU4 | NRG Energy Inc | NRG | 10.25 | 09/15/2173 | 225,000.00 | 247,948.00 | 0.02 |
| XS29662403 | Talktalk Telecom Group Ltd | TALKLN | 11.75 | 03/01/2028 | 1,939,602.00 | 235,940.00 | 0.02 |
| USZ5 COMDT | US Long Bond(cbt) Dec25 | USZ5 | — | 12/19/2025 | 66,379,250.00 | 288,953.00 | 0.02 |
| TYZ5 COMDT | US 10yr Note (cbt)dec25 | TYZ5 | — | 12/19/2025 | 87,862,500.00 | 275,459.00 | 0.02 |
| TOD9USBOQM | Brl/usd Fwd 20250903 5 | BRL | — | 09/03/2025 | 0 | 281,768.00 | 0.02 |
| SWB8ADQ7VD | Scds: (egypt) | — | 1.0 | 06/20/2030 | -2,000,000.00 | 255,811.00 | 0.02 |
| SWB8ADQ7W3 | Scds: (ngeria) | — | 1.0 | 06/20/2030 | -2,000,000.00 | 258,455.00 | 0.02 |
| SWB8ADQ7X3 | Scds: (colom) | — | 1.0 | 06/20/2030 | -7,000,000.00 | 260,137.00 | 0.02 |
| SWB8ADQ7X6 | Scds: (ivycst) | — | 1.0 | 06/20/2030 | -2,000,000.00 | 200,010.00 | 0.02 |
| SWB8ADQ7XJ | Scds: (soaf) | — | 1.0 | 06/20/2030 | -9,000,000.00 | 266,361.00 | 0.02 |
| SWB8A5Z0AY | SWP: Ois 1.000000 08-may-2026 | — | — | 05/08/2026 | -8,995,000.00 | 238,779.00 | 0.02 |
| SWB8ACMUHF | SWP: Ois Sofr 4.750000 11-may-2026_c | — | — | 05/11/2026 | 37,000,000.00 | 196,538.00 | 0.02 |
| BL4741288 | Adtalem Global Education | ATGE | 7.11 | 08/12/2028 | 255,535.00 | 255,641.00 | 0.02 |
| BL4938314 | MAIN Street Sports Group | DSPORT | 15.0 | 01/02/2028 | 259,709.00 | 225,947.00 | 0.02 |
| BL4949832 | Clarios Global Lp | POWSOL | 7.11 | 01/28/2032 | 250,000.00 | 249,687.00 | 0.02 |
| B8ADQ6J27 | Doncasters Us Fin Llc | — | — | 04/01/2030 | 270,000.00 | 272,700.00 | 0.02 |
| B8ADX0WW1 | Doncasters Us Finance Llc | — | 10.8 | 04/23/2030 | 179,550.00 | 181,345.00 | 0.02 |
| AR1FN0T2MS | Twd/usd Fwd 20250917 Citius33 | TWD | — | 09/17/2025 | -140,487,081.00 | 278,743.00 | 0.02 |
| B8A5CKF71 | Tfs_l 8-3-al 2.90 16-mar-2023 Private Pl | — | 2.9 | 03/15/2026 | 203,467.00 | 177,336.00 | 0.02 |
| B8ADGKST8 | NEW Generation Gas Gathering Llc | — | 4.36 | 09/30/2029 | 178,378.00 | 175,702.00 | 0.01 |
| B8ADVAEX9 | NEW Generation Gas Gathering Llc | — | 4.36 | 09/30/2029 | 148,648.00 | 146,418.00 | 0.01 |
| B8ACA1AA8 | Digicel Intl Fin Ltd | — | — | — | 7,553.00 | 90,517.00 | 0.01 |
| B8ACXD562 | NEW Generation Gas Gathering Llc | — | 4.34 | 09/30/2029 | 148,649.00 | 146,418.00 | 0.01 |
| BL3219328 | Blackstone Mortgage Tr | BXMT | 6.72 | 04/23/2026 | 62,284.00 | 62,128.00 | 0.01 |
| BLBLMH9 | Agile Group Holdings Ltd | AGILE | 6.05 | 10/13/2025 | 2,085,000.00 | 116,760.00 | 0.01 |
| B8TS4V9 | VTB Bank Ojsc Via Vtb Capital Sa | VTB | 6.95 | 10/17/2025 | 2,240,000.00 | 112,000.00 | 0.01 |
| DAJ94LF8OI | Mxn/usd Fwd 20250917 Midlgb22 | MXN | — | 09/17/2025 | 67,942,791.00 | 136,389.00 | 0.01 |
| DRKD3AB5G1 | Twd/usd Fwd 20250917 Barcus33 | TWD | — | 09/17/2025 | -51,996,990.00 | 75,169.00 | 0.01 |
| BZ0W0D3 | LIMA Metro Line 2 Finance Ltd | LIMAMT | 5.88 | 07/05/2034 | 77,898.00 | 79,654.00 | 0.01 |
| F4CBNRABLA | Eur/usd Fwd 20251022 Deutgb22 | EUR | — | 10/22/2025 | -18,626,274.00 | 65,261.00 | 0.01 |
| SWB8A9BXVL | General Motors Co Cds 20260620 | — | 5.0 | 06/20/2026 | 2,390,000.00 | 114,245.00 | 0.01 |
| SWB8A5Z48U | SWP: Ois Gbp 1.150000 08-may-2031 - Payf | — | — | 05/08/2031 | -422,000.00 | 78,027.00 | 0.01 |
| SWB8A5Z49U | SWP: Ois Gbp 1.150000 08-may-2032 - Payf | — | — | 05/08/2032 | -340,000.00 | 74,453.00 | 0.01 |
| SMVGEAFO5Q | Inr/usd Fwd 20250917 00187 | INR | — | 09/17/2025 | -390,123,140.00 | 60,343.00 | 0.01 |
| RXU5 COMDT | Euro-bund Future Sep25 | RXU5 | — | 09/08/2025 | -6,517,103.00 | 62,598.00 | 0.01 |
| P60535H9ID | Eur/usd Fwd 20251022 221 | EUR | — | 10/22/2025 | -24,505,546.00 | 71,034.00 | 0.01 |
| IHBZ5 INDE | IBIG Iboxx Ishr Dec25 | IHBZ5 | — | 12/01/2025 | -27,218,835.00 | 73,667.00 | 0.01 |
| OEU5 COMDT | Euro-bobl Future Sep25 | OEU5 | — | 09/08/2025 | -26,796,209.00 | 124,993.00 | 0.01 |
| SWB8ADQ7W6 | Scds: (brazil) | — | 1.0 | 06/20/2030 | -9,000,000.00 | 123,095.00 | 0.01 |
| TUZ5 COMDT | US 2yr Note (cbt) Dec25 | TUZ5 | — | 12/31/2025 | 75,074,062.00 | 108,493.00 | 0.01 |
| XS24186943 | Lsf11 Boson Investments Sarl Compartment | ERLS | 4.05 | 11/25/2060 | 68,713.00 | 78,260.00 | 0.01 |
| 63861CAD1 | Nationstar Mortgage Holdings Inc | COOP | 5.13 | 12/15/2030 | 150,000.00 | 151,678.00 | 0.01 |
| 644535AJ5 | NEW Gold Inc | NGDCN | 6.88 | 04/01/2032 | 105,000.00 | 109,419.00 | 0.01 |
| 64828FCQ3 | NEW Residential Mortgage Loan Trust 2018 | NRZT | 5.19 | 01/25/2048 | 62,730.00 | 61,583.00 | 0.01 |
| 651229BE5 | Newell Brands Inc | NWL | 6.63 | 05/15/2032 | 75,000.00 | 73,437.00 | 0.01 |
| 651229BF2 | Newell Brands Inc | NWL | 6.38 | 05/15/2030 | 145,000.00 | 143,143.00 | 0.01 |
| 51889RAD1 | Laurel Road Prime Student Loan Trust 201 | LRK | — | 10/25/2048 | 389,751.00 | 146,310.00 | 0.01 |
| 527298CB7 | Level 3 Financing Inc | LVLT | 4.88 | 06/15/2029 | 75,000.00 | 70,188.00 | 0.01 |
| 53222MAC6 | Light Servicos De Eletricidade Sa | LIGTBZ | 2.26 | 12/19/2037 | 319,400.00 | 80,808.00 | 0.01 |
| 42704LAG9 | HERC Holdings Inc | HRI | 7.25 | 06/15/2033 | 120,000.00 | 125,843.00 | 0.01 |
| 457030AK0 | Ingles Markets Inc | IMKTA | 4.0 | 06/15/2031 | 150,000.00 | 140,625.00 | 0.01 |
| 38382BLB7 | Government National Mortgage Association | GNR | 3.5 | 12/01/2049 | 623,578.00 | 101,542.00 | 0.01 |
| 7KDVPDTG4R | Twd/usd Fwd 20250917 Deutgb22 | TWD | — | 09/17/2025 | -51,876,518.00 | 79,118.00 | 0.01 |
| 812127AA6 | Sealed Air Corp/sealed Air Corp Us | SEE | 6.13 | 02/01/2028 | 100,000.00 | 101,341.00 | 0.01 |
| 878091BD8 | Teachers Insurance & Annuity Association | TIAAGL | 4.9 | 09/15/2044 | 75,000.00 | 67,416.00 | 0.01 |
| 71654QDL3 | Petroleos Mexicanos | PEMEX | 8.75 | 06/02/2029 | 130,000.00 | 137,624.00 | 0.01 |
| 71654QCK6 | Petroleos Mexicanos | PEMEX | 5.35 | 02/12/2028 | 144,000.00 | 141,096.00 | 0.01 |
| 71654QCP5 | Petroleos Mexicanos | PEMEX | 6.5 | 01/23/2029 | 100,000.00 | 100,455.00 | 0.01 |
| 74843PAB6 | Quikrete Holdings Inc | QUIKHO | 6.75 | 03/01/2033 | 85,000.00 | 88,057.00 | 0.01 |
| 74743LAA8 | Qnity Electronics Inc | QNTELE | 5.75 | 08/15/2032 | 135,000.00 | 137,263.00 | 0.01 |
| 74743LAB6 | Qnity Electronics Inc | QNTELE | 6.25 | 08/15/2033 | 80,000.00 | 82,695.00 | 0.01 |
| 90137LAQ3 | 20 Times Square Trust 2018-20ts | TSQ | 3.2 | 05/01/2035 | 100,000.00 | 84,000.00 | 0.01 |
| 92564RAH8 | VICI Properties Lp / Vici Note Co Inc | VICI | 4.5 | 09/01/2026 | 75,000.00 | 74,821.00 | 0.01 |
| 922966AA4 | Venture Global Plaquemines Lng Llc | VEGLPL | 7.5 | 05/01/2033 | 146,000.00 | 160,217.00 | 0.01 |
| 912834LR7 | United States Treasury Strip Coupon | S | — | 08/15/2042 | 305,000.00 | 129,388.00 | 0.01 |
| 912834LX4 | United States Treasury Strip Coupon | S | — | 11/15/2042 | 320,000.00 | 133,662.00 | 0.01 |
| 912834QP6 | United States Treasury Strip Coupon | S | — | 08/15/2046 | 230,000.00 | 78,351.00 | 0.01 |
| 912834UH9 | United States Treasury Strip Coupon | S | — | 02/15/2049 | 480,000.00 | 143,116.00 | 0.01 |
| 912834VV7 | United States Treasury Strip Coupon | S | — | 05/15/2050 | 250,000.00 | 70,266.00 | 0.01 |
| 95081QAR5 | Wesco Distribution Inc | WCC | 6.63 | 03/15/2032 | 160,000.00 | 166,385.00 | 0.01 |
| 963320BD7 | Whirlpool Corp | WHR | 6.13 | 06/15/2030 | 90,000.00 | 91,146.00 | 0.01 |
| 96950FAP9 | Williams Cos Inc/the | WMB | 4.9 | 01/15/2045 | 76,000.00 | 66,695.00 | 0.01 |
| 97381AAA0 | Windstream Services Llc / Windstream Esc | WIN | 8.25 | 10/01/2031 | 140,000.00 | 145,831.00 | 0.01 |
| 922966AC0 | Venture Global Plaquemines Lng Llc | VEGLPL | 6.5 | 01/15/2034 | 150,000.00 | 156,705.00 | 0.01 |
| 922966AD8 | Venture Global Plaquemines Lng Llc | VEGLPL | 6.75 | 01/15/2036 | 150,000.00 | 157,467.00 | 0.01 |
| 3137F2LL8 | Freddie Mac Multifamily Structured Pass | FHMS | 0.87 | 06/01/2027 | 6,853,608.00 | 68,995.00 | 0.01 |
| 35640YAK3 | Freedom Mortgage Corp | FREMOR | 12.0 | 10/01/2028 | 150,000.00 | 160,310.00 | 0.01 |
| 23918KAT5 | Davita Inc | DVA | 3.75 | 02/15/2031 | 100,000.00 | 91,220.00 | 0.01 |
| 21925DAA7 | Cornerstone Building Brands Inc | CNR | 6.13 | 01/15/2029 | 150,000.00 | 115,609.00 | 0.01 |
| 02209SBJ1 | Altria Group Inc | MO | 3.4 | 05/06/2030 | 100,000.00 | 95,817.00 | 0.01 |
| 00973RAJ2 | AKER Bp Asa | AKERBP | 4.0 | 01/15/2031 | 150,000.00 | 143,885.00 | 0.01 |
| 00766TAE0 | AECOM | ACM | 6.0 | 08/01/2033 | 95,000.00 | 96,761.00 | 0.01 |
| 185899AR2 | Cleveland-cliffs Inc | CLF | 7.38 | 05/01/2033 | 160,000.00 | 159,558.00 | 0.01 |
| 17888HAA1 | Civitas Resources Inc | CIVI | 8.38 | 07/01/2028 | 125,000.00 | 129,760.00 | 0.01 |
| 16115QAF7 | Chart Industries Inc | GTLS | 7.5 | 01/01/2030 | 125,000.00 | 130,882.00 | 0.01 |
| 14071LAA6 | Capstone Copper Corp | CAPCOP | 6.75 | 03/31/2033 | 155,000.00 | 159,233.00 | 0.01 |
| 143658BQ4 | Carnival Corp | CCL | 4.0 | 08/01/2028 | 100,000.00 | 98,059.00 | 0.01 |
| 143658BY7 | Carnival Corp | CCL | 5.75 | 03/15/2030 | 150,000.00 | 153,281.00 | 0.01 |
| 10554TAB1 | Braskem Netherlands Finance Bv | BRASKM | 4.5 | 01/10/2028 | 212,000.00 | 163,812.00 | 0.01 |
| 126307BB2 | CSC Holdings Llc | CSCHLD | 4.13 | 12/01/2030 | 200,000.00 | 131,615.00 | 0.01 |
| 07556QBR5 | Beazer Homes Usa Inc | BZH | 5.88 | 10/15/2027 | 125,000.00 | 124,730.00 | 0.01 |
| 0E6D8PCVH9 | Mxn/usd Fwd 20250917 Mslngb2x | MXN | — | 09/17/2025 | -16,196,960.00 | -21,094.00 | 0.00 |
| 0F0721204V | Sgd/usd Fwd 20250917 00187 | SGD | — | 09/17/2025 | -4,975,450.00 | 15,827.00 | 0.00 |
| 12654FAC4 | COMM 2024-277p Mortgage Trust | COMM | 0.89 | 08/10/2044 | 1,900,000.00 | 49,349.00 | 0.00 |
| 126650CN8 | CVS Health Corp | CVS | 5.13 | 07/20/2045 | 25,000.00 | 21,983.00 | 0.00 |
| 161175BA1 | Charter Communications Operating Llc / C | CHTR | 6.48 | 10/23/2045 | 50,000.00 | 48,606.00 | 0.00 |
| 18060TAD7 | Clarios Global Lp / Clarios Us Finance C | POWSOL | 6.75 | 02/15/2030 | 50,000.00 | 51,748.00 | 0.00 |
| 021ESCAG3 | ALTA Mesa Holdings Lp / Alta Mesa Financ | ALTMES | — | 12/15/2025 | 2,950,000.00 | 2.00 | 0.00 |
| 0241UBTC65 | Sgd/usd Fwd 20250917 Citius33 | SGD | — | 09/17/2025 | -1,436,973.00 | -5,653.00 | 0.00 |
| 02CRTRBBLB | Inr/usd Fwd 20250917 Mslngb2x | INR | — | 09/17/2025 | 336,356,302.00 | -24,976.00 | 0.00 |
| 071734AK3 | Bausch Health Cos Inc | BHCCN | 6.25 | 02/15/2029 | 75,000.00 | 58,641.00 | 0.00 |
| 1MH3IMPQO2 | Mxn/usd Fwd 20250917 955 | MXN | — | 09/17/2025 | -25,486,874.00 | -51,050.00 | 0.00 |
| 24UIBI4H4L | Cnh/usd Fwd 20250917 Citius33 | CNH | — | 09/17/2025 | 15,132,428.00 | 6,457.00 | 0.00 |
| 25381HAD0 | Digicel Group Holdings Ltd | DLLTD | — | 12/31/2030 | 127,027.00 | 12.00 | 0.00 |
| 25381HAM0 | Digicel Group Holdings Ltd | DLLTD | — | 12/31/2030 | 83,715.00 | 0.00 | 0.00 |
| 29273RBL2 | Energy Transfer Lp | ET | 5.3 | 04/15/2047 | 5,000.00 | 4,407.00 | 0.00 |
| 2EBRE3NO9T | Pen/usd Fwd 20250917 Mslngb2x | PEN | — | 09/17/2025 | 6,544,679.00 | 57,439.00 | 0.00 |
| 30O992O1ET | Idr/usd Fwd 20250917 Scseus31 | IDR | — | 09/17/2025 | -21,649,072,000.00 | 4,745.00 | 0.00 |
| 31556TAA7 | Fertitta Entertainment Llc / Fertitta En | FRTITA | 4.63 | 01/15/2029 | 50,000.00 | 47,787.00 | 0.00 |
| 3137BPW39 | Freddie Mac Multifamily Structured Pass | FHMS | 1.47 | 03/01/2026 | 958,985.00 | 4,748.00 | 0.00 |
| 94V467EEF8 | Pen/usd Fwd 20250917 Deutgb22 | PEN | — | 09/17/2025 | 3,852,109.00 | 8,915.00 | 0.00 |
| 912834UB2 | United States Treasury Strip Coupon | S | — | 11/15/2048 | 170,000.00 | 51,374.00 | 0.00 |
| 912834PT9 | United States Treasury Strip Coupon | S | — | 11/15/2045 | 155,000.00 | 54,760.00 | 0.00 |
| 912834LB2 | United States Treasury Strip Coupon | S | — | 02/15/2042 | 75,000.00 | 32,777.00 | 0.00 |
| 912834DU9 | United States Treasury Strip Coupon | S | — | 11/15/2038 | 110,000.00 | 58,968.00 | 0.00 |
| 706451BR1 | Petroleos Mexicanos | PEMEX | 6.63 | 06/15/2038 | 63,000.00 | 52,592.00 | 0.00 |
| 706BFMGGCE | Eur/usd Fwd 20251022 0997 | EUR | — | 10/22/2025 | -27,175,771.00 | -19,749.00 | 0.00 |
| 69LJ4CC5OK | Clp/usd Fwd 20250917 Barcus33 | CLP | — | 09/17/2025 | 808,790,588.00 | -38,422.00 | 0.00 |
| 6OO9R72I4J | Thb/usd Fwd 20250917 Midlgb22 | THB | — | 09/17/2025 | -215,839,884.00 | -19,723.00 | 0.00 |
| 780153BG6 | Royal Caribbean Cruises Ltd | RCL | 5.5 | 04/01/2028 | 25,000.00 | 25,445.00 | 0.00 |
| 3I0J1FJ5JB | Brl/usd Fwd 20251002 5 | BRL | — | 10/02/2025 | 47,236,331.00 | 25,783.00 | 0.00 |
| 53223N208 | Light S/a | LIGTBZ | — | 08/31/2027 | 325,729.00 | 48,859.00 | 0.00 |
| 55342UAQ7 | MPT Operating Partnership Lp / Mpt Finan | MPW | 8.5 | 02/15/2032 | 50,000.00 | 52,390.00 | 0.00 |
| 55JF5BO35B | Cnh/usd Fwd 20250917 00187 | CNH | — | 09/17/2025 | 62,470,935.00 | 43,873.00 | 0.00 |
| 58CJ12TL3B | Php/usd Fwd 20250917 955 | PHP | — | 09/17/2025 | 187,070,122.00 | 11,693.00 | 0.00 |
| 5MOPTT7DP7 | Thb/usd Fwd 20250917 Citius33 | THB | — | 09/17/2025 | -53,970,791.00 | -6,500.00 | 0.00 |
| 682680AT0 | Oneok Inc | OKE | 4.95 | 07/13/2047 | 25,000.00 | 21,227.00 | 0.00 |
| 62886HBA8 | NCL Corp Ltd | NCLH | 5.88 | 03/15/2026 | 56,000.00 | 56,028.00 | 0.00 |
| TB4DFAANBT | Inr/usd Fwd 20250917 Scseus31 | INR | — | 09/17/2025 | 455,827,524.00 | -36,155.00 | 0.00 |
| UGH9C1OUNB | Thb/usd Fwd 20250917 221 | THB | — | 09/17/2025 | -1,648,735.00 | 5,029.00 | 0.00 |
| VAHHS11UGK | Cnh/usd Fwd 20250917 Scseus31 | CNH | — | 09/17/2025 | 10,924,707.00 | 13,618.00 | 0.00 |
| WNZ5 COMDT | US Ultra Bond Cbt Dec25 | WNZ5 | — | 12/19/2025 | -73,667,500.00 | -55,281.00 | 0.00 |
| UUS64812V9 | Cnh/usd Fwd 20250917 5 | CNH | — | 09/17/2025 | 11,539,909.00 | 14,150.00 | 0.00 |
| SWB8AE3GRR | Scds: (panama) | — | 1.0 | 06/20/2028 | -1,240,000.00 | -1,710.00 | 0.00 |
| SWB8AE3GS3 | Scds: (panama) | — | 1.0 | 06/20/2028 | 1,240,000.00 | 1,710.00 | 0.00 |
| SWB8AE8KGV | Scds: (usa) | — | 0.25 | 12/22/2025 | 2,510,000.00 | 1,702.00 | 0.00 |
| SWB8AE8LJX | Cdx.na.ig.44.v1 5yr Rtp @ 70.00000 | — | — | 09/17/2025 | -132,480,000.00 | -8,269.00 | 0.00 |
| SWB8AE9YD2 | CMS 2y 30y Single Look | — | — | 05/13/2026 | 13,025,000.00 | 486.00 | 0.00 |
| SWB8AE9ZK0 | CMS 2y 30y Single Look | — | — | 05/13/2026 | 6,513,000.00 | 244.00 | 0.00 |
| SWB8AEA4M8 | 1Y Rtr 3.450000 18-sep-2025 | — | — | 09/18/2025 | 134,948,000.00 | 23,270.00 | 0.00 |
| SWB8AEA51L | 1Y Rtr 3.420000 18-sep-2025 | — | — | 09/18/2025 | -134,948,000.00 | -19,021.00 | 0.00 |
| SWB8AEAXE5 | Trswap: Tbond 3.375 15-nov-48 02/23/2026 | — | — | 02/23/2026 | 17,370,000.00 | -22,585.00 | 0.00 |
| SWB8AEC423 | Scds: (usa) | — | 0.25 | 06/21/2027 | 600,000.00 | -285.00 | 0.00 |
| SWB8AECA48 | Scds: (bacr) | — | 1.0 | 06/22/2026 | 105,000.00 | 696.00 | 0.00 |
| SWB8AECA4K | Scds: (frtr) | — | 0.25 | 06/20/2035 | 390,000.00 | -14,064.00 | 0.00 |
| SWB8AECAQY | Scds: (bac) | — | 1.0 | 12/22/2025 | 3,205,000.00 | 8,023.00 | 0.00 |
| SWB8AECBBD | Scds: (cmzb) | — | 1.0 | 12/22/2025 | 650,000.00 | 2,095.00 | 0.00 |
| SWTRE8AEAX | TRS On Fi Credit Bond Leg Accrual | — | 3.38 | 02/23/2026 | 17,370,000.00 | 21,169.00 | 0.00 |
| SWB8ADQ7WJ | Scds: (bhrain) | — | 1.0 | 06/20/2030 | -2,000,000.00 | 53,776.00 | 0.00 |
| SWB8ADQ7WM | Scds: (moroc) | — | 1.0 | 06/20/2030 | -2,000,000.00 | -24,656.00 | 0.00 |
| SWB8ACMF99 | Murphy Oil Corporation Cds 20290620 | — | 1.0 | 06/20/2029 | -920,000.00 | 19,032.00 | 0.00 |
| SWB8ADD5V2 | Petroleos Mexicanos Cds 20251224 | — | 3.75 | 12/24/2025 | 620,496.00 | 4,093.00 | 0.00 |
| SWB8ADJCRS | Scds: (paclif) | — | 2.5 | 08/20/2035 | 400,000.00 | -4,630.00 | 0.00 |
| SWB8ADKUTC | Scds: (argent) | — | 5.0 | 09/20/2025 | 1,430,000.00 | 12,473.00 | 0.00 |
| SWB8ADLSJ2 | Scds: (argent) 5.00000 Sep 20, 2025 | — | 5.0 | 09/20/2025 | 1,168,000.00 | 10,187.00 | 0.00 |
| SWB8ADPW5S | Scds: (bmo) | — | 1.25 | 11/20/2029 | 335,000.00 | -71.00 | 0.00 |
| SWB8ADPW5V | Scds: (cm) | — | 1.1 | 06/20/2028 | 265,000.00 | 1,305.00 | 0.00 |
| SWB8ADQ1J2 | Scds: (softbk) | — | 1.0 | 06/22/2026 | 990,000.00 | 1,932.00 | 0.00 |
| SWB8ADQ7XC | Scds: (panama) | — | 1.0 | 06/20/2030 | -2,000,000.00 | 41,134.00 | 0.00 |
| SWB8ADQ7XF | Scds: (peru) | — | 1.0 | 06/20/2030 | -3,000,000.00 | -43,453.00 | 0.00 |
| SWB8ADQ7W0 | Scds: (domrep) | — | 1.0 | 06/20/2030 | -2,000,000.00 | 42,126.00 | 0.00 |
| SWB8ADQ7XT | Scds: (oman) | — | 1.0 | 06/20/2030 | -2,000,000.00 | -26,723.00 | 0.00 |
| SWB8ADQ7XX | Scds: (mex) | — | 1.0 | 06/20/2030 | -9,000,000.00 | -33,172.00 | 0.00 |
| SWB8ADQQNQ | 10Y Rtr 3.207500 25-sep-2025 | — | — | 09/25/2025 | -3,370,000.00 | -515.00 | 0.00 |
| SWB8ADQQR4 | 10Y Rtr 3.532500 25-sep-2025 | — | — | 09/25/2025 | 1,685,000.00 | 4,053.00 | 0.00 |
| SWB8ADV1SG | 10Y Rtr 0.400000 25-sep-2025 | — | — | 09/25/2025 | 1,685,000.00 | 0.00 | 0.00 |
| SWB8ADXF40 | Scds: (unh) | — | 1.0 | 06/22/2026 | 580,000.00 | 4,932.00 | 0.00 |
| P3IF6RNLKE | Huf/usd Fwd 20251022 Barcus33 | HUF | — | 10/22/2025 | 528,971,254.00 | 7,308.00 | 0.00 |
| ISP7LGLSVU | Eur/usd Fwd 20251022 2568 | EUR | — | 10/22/2025 | -404,023.00 | 3,178.00 | 0.00 |
| P77RJR69BP | Pen/usd Fwd 20250917 Bnpafrpp | PEN | — | 09/17/2025 | 4,092,717.00 | 9,430.00 | 0.00 |
| PF8VC6I98C | Inr/usd Fwd 20250917 955 | INR | — | 09/17/2025 | 366,884,848.00 | -28,955.00 | 0.00 |
| LO8565MN7P | Gbp/usd Fwd 20251022 Bnpafrpp | GBP | — | 10/22/2025 | 489,142.00 | -591.00 | 0.00 |
| MPKRGCDJM1 | Php/usd Fwd 20250917 Citius33 | PHP | — | 09/17/2025 | 63,567,480.00 | -243.00 | 0.00 |
| N3BHVG2DF4 | Nzd/usd Fwd 20251022 Barcus33 | NZD | — | 10/22/2025 | -743,908.00 | 5,740.00 | 0.00 |
| N7K7K9AKRB | Twd/usd Fwd 20250917 955 | TWD | — | 09/17/2025 | 61,158,552.00 | -44,376.00 | 0.00 |
| NMLBK7K9GC | Sgd/usd Fwd 20250917 5 | SGD | — | 09/17/2025 | -7,891,328.00 | 17,019.00 | 0.00 |
| JEBTIPE3FN | Zar/usd Fwd 20250917 5 | ZAR | — | 09/17/2025 | -21,514,617.00 | -30,127.00 | 0.00 |
| JLIBR0E7O8 | Idr/usd Fwd 20250917 Deutgb22 | IDR | — | 09/17/2025 | -44,040,173,100.00 | 9,342.00 | 0.00 |
| JYTV5 COMD | 30Y Umbs Tba 5.5 Oct25 | JYTV5 | — | 10/06/2025 | 5,525,352.00 | 18,196.00 | 0.00 |
| KM43TFA44M | Cnh/usd Fwd 20250917 0997 | CNH | — | 09/17/2025 | -38,803,736.00 | -41,954.00 | 0.00 |
| L1JHQLEEHQ | Idr/usd Fwd 20250917 955 | IDR | — | 09/17/2025 | -20,455,812,000.00 | 6,470.00 | 0.00 |
| L5217E120 | Intelsat Emergence Sa | — | — | — | 34,637.00 | 3.00 | 0.00 |
| L54T2TK5BE | Jpy/usd Fwd 20251022 Mslngb2x | JPY | — | 10/22/2025 | 618,136,596.00 | 37,070.00 | 0.00 |
| SB31ONQNTV | Pen/usd Fwd 20250917 Citius33 | PEN | — | 09/17/2025 | 14,603,569.00 | 47,084.00 | 0.00 |
| SFRM5 COMD | 3 MOnth Sofr Fut Jun25 | SFRM5 | — | 09/16/2025 | 65,509,975.00 | -43,263.00 | 0.00 |
| Q7EPA6CIK3 | Idr/usd Fwd 20250917 Barcus33 | IDR | — | 09/17/2025 | -30,696,854,760.00 | 8,906.00 | 0.00 |
| QHJTQVHDIK | Pln/usd Fwd 20251022 Barcus33 | PLN | — | 10/22/2025 | 2,337,423.00 | 792.00 | 0.00 |
| QPE9PVGJ4I | Inr/usd Fwd 20250917 5 | INR | — | 09/17/2025 | 276,650,215.00 | -40,842.00 | 0.00 |
| R0JDG8O543 | Idr/usd Fwd 20250917 Mslngb2x | IDR | — | 09/17/2025 | -42,821,383,000.00 | 25,500.00 | 0.00 |
| RO3DECTC9V | Idr/usd Fwd 20250917 Citius33 | IDR | — | 09/17/2025 | -13,911,027,500.00 | 3,573.00 | 0.00 |
| RU5P7MKMEK | Thb/usd Fwd 20250917 Scseus31 | THB | — | 09/17/2025 | -79,166,367.00 | -4,419.00 | 0.00 |
| SWB8A5Z4GX | Swp:ois 1.200000 08-may-2034 | — | — | 05/08/2034 | -155,000.00 | 43,870.00 | 0.00 |
| SWB8A9BSFK | Simon Property Group Lp Cds 20260620 | — | 1.0 | 06/20/2026 | 3,820,000.00 | 33,100.00 | 0.00 |
| SWB8A9BXVF | Verizon Communications Inc Cds 20260620 | — | 1.0 | 06/20/2026 | 5,130,000.00 | 40,737.00 | 0.00 |
| SWB8A9T2SV | Halliburton Company Cds 20261220 | — | 1.0 | 12/20/2026 | 2,770,000.00 | 30,826.00 | 0.00 |
| SWB8ABB7K4 | Italy (republic Of) Cds 20271220 | — | 1.0 | 12/20/2027 | -1,475,000.00 | -40,632.00 | 0.00 |
| SWB8ABUSVQ | SWP: Ois Sofr 4.805090 31-aug-2025 | — | — | 08/31/2025 | -62,470,000.00 | 0.00 | 0.00 |
| SWB8ACX1VG | CDS: (gs_24-pc-a Jul 24) | — | 1.65 | 08/02/2027 | 5,169,882.00 | 7,626.00 | 0.00 |
| SWB8AD3GPB | Morgan Stanley Cds 20251220 | — | 1.0 | 12/20/2025 | 1,300,000.00 | 5,817.00 | 0.00 |
| SWB8AD3GPH | Citigroup Inc Cds 20251220 | — | 1.0 | 12/20/2025 | 1,300,000.00 | 5,745.00 | 0.00 |
| SWB8AD3GPM | BANK Of America Corp Cds 20251220 | — | 1.0 | 12/20/2025 | 1,300,000.00 | 5,782.00 | 0.00 |
| SWB8AD4RC0 | Lincoln National Corporation Cds 2029122 | — | 1.0 | 12/20/2029 | 2,260,000.00 | 12,603.00 | 0.00 |
| SWB8ADBQBM | Norway Kingdom Of (government) Cds 20251 | — | — | 12/20/2025 | 2,810,000.00 | -332.00 | 0.00 |
| SWB8ACMV5H | SWP: Ois Gbp 3.950000 08-may-2030_c | — | — | 05/08/2030 | -4,335,000.00 | -33,998.00 | 0.00 |
| SWB8ADG4K3 | Scds: (pemex) 4.10000 Mar 23, 2026 | — | 4.1 | 03/23/2026 | 2,760,000.00 | 30,575.00 | 0.00 |
| SWB8ADGPJ3 | Scds: (greece) 1.00000 20 Dec, 2027 | — | 1.0 | 12/20/2027 | 210,000.00 | 4,062.00 | 0.00 |
| SWB8ADGPJR | Scds: (greece) 1.00000 20 Jun, 2027 | — | 1.0 | 06/20/2027 | 280,000.00 | 4,652.00 | 0.00 |
| SWB8ADJ71C | Scds: (pemex) 4.75.00000 07 May, 2026 | — | 4.75 | 05/07/2026 | 1,496,000.00 | 30,888.00 | 0.00 |
| FF5D5UP7U3 | Php/usd Fwd 20250917 Msnyus33 | PHP | — | 09/17/2025 | 63,428,480.00 | -2,674.00 | 0.00 |
| FFQ5 COMDT | FED Fund 30day Aug25 | FFQ5 | — | 08/29/2025 | -11,561,050.00 | 0.00 | 0.00 |
| EA0P8B2JSU | Cnh/usd Fwd 20250917 955 | CNH | — | 09/17/2025 | -35,879,306.00 | -54,617.00 | 0.00 |
| EDSMPJFNUS | Twd/usd Fwd 20250917 Scseus31 | TWD | — | 09/17/2025 | 34,861,500.00 | -327.00 | 0.00 |
| GLDJ73N9JE | Sgd/usd Fwd 20250917 955 | SGD | — | 09/17/2025 | -15,580,394.00 | 37,833.00 | 0.00 |
| IGUOO1RTDK | Eur/usd Fwd 20251022 Bnpafrpp | EUR | — | 10/22/2025 | -1,981,318.00 | -13,908.00 | 0.00 |
| CCGJO09O6L | Zar/usd Fwd 20250917 Barcus33 | ZAR | — | 09/17/2025 | 54,152,687.00 | 28,576.00 | 0.00 |
| DUU5 COMDT | Euro-schatz Fut Sep25 | DUU5 | — | 09/08/2025 | -2,003,992.00 | 6,444.00 | 0.00 |
| BVL7QDR7FH | Cop/usd Fwd 20250917 2568 | COP | — | 09/17/2025 | -4,649,939,140.00 | -1,151.00 | 0.00 |
| BRIFRHV351 | Eur/usd Fwd 20251022 Mslngb2x | EUR | — | 10/22/2025 | 2,701,986.00 | 57,983.00 | 0.00 |
| BQT66F92AQ | Inr/usd Fwd 20250917 Citius33 | INR | — | 09/17/2025 | 125,926,792.00 | -13,444.00 | 0.00 |
| FXB8ADEMDD | USD P Inr C @75.0000 Eo | — | — | 01/08/2026 | 10,022,000.00 | 50.00 | 0.00 |
| FXB8ADEMDE | USD P Inr C @87.0000 Eo | — | — | 01/08/2026 | -6,427,000.00 | -23,454.00 | 0.00 |
| FXB8ADFXED | USD P Inr C @75.0000 Eo | — | — | 01/08/2026 | 2,825,000.00 | 14.00 | 0.00 |
| FXB8AE2DW2 | USD C Cnh P @7.950000 Eo | — | — | 09/24/2025 | 20,816,000.00 | 5.00 | 0.00 |
| FXB8AE2LKT | USD C Krw P @1385.00 Eo | — | — | 09/25/2025 | -4,867,000.00 | -46,296.00 | 0.00 |
| FXB8AE2LKU | USD C Krw P @1750.00 Eo | — | — | 09/25/2025 | 4,867,000.00 | 0.00 | 0.00 |
| FXB8AE2LKV | USD P Krw C @1331.00 Eo | — | — | 09/25/2025 | 4,867,000.00 | 2,241.00 | 0.00 |
| FXB8AE8YQG | EUR C Try P @99.00000 Eo | — | — | 09/04/2025 | 3,095,000.00 | 8.00 | 0.00 |
| FXB8AE8YQH | EUR C Try P @50.50000 Eo | — | — | 09/04/2025 | -3,095,000.00 | -2,529.00 | 0.00 |
| FXB8AE8ZLS | USD C Cop P @4100.00 Eo | — | — | 09/09/2025 | -1,257,000.00 | -4,283.00 | 0.00 |
| FXB8AE8ZLT | USD C Cop P @5000.00 Eo | — | — | 09/09/2025 | 1,257,000.00 | 0.00 | 0.00 |
| FXB8AE9B88 | USD C Try P @43.00000 Eo | — | — | 09/10/2025 | -864,000.00 | -1,648.00 | 0.00 |
| FXB8AE9B89 | USD C Try P @99.00000 Eo | — | — | 09/10/2025 | 864,000.00 | 79.00 | 0.00 |
| FXB8AE9HKD | EUR C Try P @99.00000 Eo | — | — | 09/11/2025 | 5,202,000.00 | 329.00 | 0.00 |
| FXB8AE9HKF | EUR C Try P @50.80000 Eo | — | — | 09/11/2025 | -5,202,000.00 | -16,028.00 | 0.00 |
| FXB8AE9JLQ | USD C Brl P @5.550000 Eo | — | — | 09/11/2025 | -1,724,000.00 | -4,872.00 | 0.00 |
| FXB8AE9JLR | USD C Brl P @6.500000 Eo | — | — | 09/11/2025 | 1,724,000.00 | 11.00 | 0.00 |
| FXB8AE9QAJ | USD P Twd C @29.25 Eo | — | — | 11/12/2025 | -3,364,000.00 | -12,800.00 | 0.00 |
| FXB8AE9QAK | USD P Twd C @22.00 Eo | — | — | 11/12/2025 | 3,364,000.00 | 37.00 | 0.00 |
| FXB8AE9YA8 | USD C Jpy P @160.0000 Eo | — | — | 09/11/2025 | 1,724,000.00 | 1.00 | 0.00 |
| FXB8AE9YA9 | USD C Jpy P @145.0000 Eo | — | — | 09/11/2025 | -1,724,000.00 | -25,787.00 | 0.00 |
| FXB8AE9Z1G | USD C Try P @99.00000 Eo | — | — | 09/12/2025 | 2,586,000.00 | 330.00 | 0.00 |
| FXB8AE9Z1H | USD C Try P @42.60000 Eo | — | — | 09/12/2025 | -2,586,000.00 | -7,604.00 | 0.00 |
| FXB8AEA050 | USD P Jpy C @146.6000 Eo | — | — | 09/11/2025 | -2,586,000.00 | -16,716.00 | 0.00 |
| FXB8AEA051 | USD P Jpy C @130.0000 Eo | — | — | 09/11/2025 | 2,586,000.00 | 4.00 | 0.00 |
| FXB8AEAPFK | EUR C Pln P @4.250000 Eo | — | — | 09/18/2025 | -1,473,000.00 | -11,271.00 | 0.00 |
| FXB8AEAPHZ | EUR C Pln P @4.750000 Eo | — | — | 09/18/2025 | 1,473,000.00 | 7.00 | 0.00 |
| FXB8AEAQ81 | USD P Jpy C @130.0000 Eo | — | — | 09/18/2025 | 2,584,000.00 | 44.00 | 0.00 |
| FXB8AEAQ82 | USD P Jpy C @148.0000 Eo | — | — | 09/18/2025 | -2,584,000.00 | -35,711.00 | 0.00 |
| FXB8AEAR00 | USD C Try P @99.00000 Eo | — | — | 09/19/2025 | 1,723,000.00 | 842.00 | 0.00 |
| FXB8AEAR01 | USD C Try P @43.00000 Eo | — | — | 09/19/2025 | -1,723,000.00 | -8,176.00 | 0.00 |
| FXB8AEAR1X | USD P Twd C @29.50 Eo | — | — | 11/19/2025 | -1,723,000.00 | -9,981.00 | 0.00 |
| FXB8AEAR1Z | USD P Twd C @23.00 Eo | — | — | 11/19/2025 | 1,723,000.00 | 40.00 | 0.00 |
| FXB8AEB6DW | USD P Twd C @29.50 Eo | — | — | 11/21/2025 | -866,000.00 | -5,225.00 | 0.00 |
| FXB8AEB6QB | USD P Twd C @20.00 Eo | — | — | 11/21/2025 | 866,000.00 | 3.00 | 0.00 |
| FXB8AEBFER | USD C Clp P @980.00 Eo | — | — | 09/24/2025 | -1,703,000.00 | -13,673.00 | 0.00 |
| FXB8AEBFFQ | USD C Clp P @1200.00 Eo | — | — | 09/24/2025 | 1,703,000.00 | 9.00 | 0.00 |
| FXB8AEBLP8 | EUR C Try P @99.00000 Eo | — | — | 09/25/2025 | 2,929,000.00 | 1,260.00 | 0.00 |
| FXB8AEBLQ7 | EUR C Try P @51.00000 Eo | — | — | 09/25/2025 | -2,929,000.00 | -25,541.00 | 0.00 |
| FXB8AEBT27 | USD C Twd P @30.25 Eo | — | — | 09/25/2025 | -1,711,000.00 | -20,548.00 | 0.00 |
| FXB8AEBT28 | USD C Twd P @33.00 Eo | — | — | 09/25/2025 | 1,711,000.00 | 95.00 | 0.00 |
| BBG014163P | Sfrz5c 99.25 Pit | SFRZ5C 99. | — | 12/12/2025 | -70,000.00 | -175.00 | 0.00 |
| BBG014163P | Sfrz5c 99.75 Pit | SFRZ5C 99. | — | 12/12/2025 | 155,000.00 | 387.00 | 0.00 |
| BBG016DB8C | Sfru5c 96.125 Pit | SFRU5C 96. | — | 09/12/2025 | 95,000.00 | 475.00 | 0.00 |
| BBG01PR7F9 | Sfru5c 96.1875 Pit | SFRU5C 96. | — | 09/12/2025 | -95,000.00 | -237.00 | 0.00 |
| B8AD2HEC2 | Codere Group Topco S.a. A1 Equity | — | — | — | 246 | 4,604.00 | 0.00 |
| B8AD2HEJ7 | Codere Group Topco S.a. A2 Equity | — | — | — | 659 | 12,335.00 | 0.00 |
| B8AD2JA99 | Codere Group Topco S.a. Warrants | — | — | — | 15 | 140.00 | 0.00 |
| B8AD38TW1 | NEW Generation Gas - Unfunded | — | — | 09/30/2029 | 29,730.00 | 29,284.00 | 0.00 |
| B8AD9KJQ2 | Diamond Sports Grp Llc- Warrants | — | — | — | 70,583.00 | 14,413.00 | 0.00 |
| A3155ORS3R | Clp/usd Fwd 20250917 Deutgb22 | CLP | — | 09/17/2025 | 970,805,000.00 | -40,841.00 | 0.00 |
| AO5H22TB1V | Sgd/usd Fwd 20250917 Mslngb2x | SGD | — | 09/17/2025 | -3,913,424.00 | -12,419.00 | 0.00 |
| APVKP2L48R | Pen/usd Fwd 20250917 Scseus31 | PEN | — | 09/17/2025 | -842,160.00 | 15,228.00 | 0.00 |
| B8AE3VDG0 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 22,690.00 | 22,503.00 | 0.00 |
| B8AE3VHV3 | Clubcorp Hldgs Inc | — | — | 07/31/2032 | 37,817.00 | 37,506.00 | 0.00 |
| B8AEBG4U3 | NEW Generation Gas Gathering Llc | — | 4.17 | 09/30/2029 | 44,594.00 | 43,925.00 | 0.00 |
| B8AA7A6Y9 | Tfs_18-3 | — | — | 04/16/2040 | 1 | 1.00 | 0.00 |
| B8A66QXU2 | Genon Hldgs Class A | — | — | — | 677 | 20,310.00 | 0.00 |
| ALJFEVTCSJ | Cop/usd Fwd 20250917 Citius33 | COP | — | 09/17/2025 | -3,774,389,170.00 | -86,644.00 | -0.01 |
| 9MVM74MMI4 | Inr/usd Fwd 20250917 Deutgb22 | INR | — | 09/17/2025 | 363,146,909.00 | -63,094.00 | -0.01 |
| E6198HM23B | Eur/usd Fwd 20251022 Barcus33 | EUR | — | 10/22/2025 | -25,153,027.00 | -119,257.00 | -0.01 |
| E8LVH0D2GV | Cnh/usd Fwd 20250917 Midlgb22 | CNH | — | 09/17/2025 | -186,785,798.00 | -101,464.00 | -0.01 |
| SWB8ACMF4E | ADT Security Corp Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -148,483.00 | -0.01 |
| SWB8ACMF4L | Antero Resources Corp Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -152,068.00 | -0.01 |
| SWB8ACMF4S | Standard Building Solutions Inc Cds 2029 | — | 5.0 | 06/20/2029 | -920,000.00 | -154,629.00 | -0.01 |
| SWB8ACMF4Z | Bombardier Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -137,549.00 | -0.01 |
| SWB8ACMF67 | Chesapeake Energy Corporation Cds 202906 | — | 5.0 | 06/20/2029 | -920,000.00 | -151,832.00 | -0.01 |
| SWB8ACMF6A | EQM Midstream Partners Lp Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -153,368.00 | -0.01 |
| SWB8ACMF6K | Caesars Entertainment Inc (delaware) Cds | — | 5.0 | 06/20/2029 | -920,000.00 | -105,545.00 | -0.01 |
| SWB8ACMF6N | GFL Environmental Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -154,936.00 | -0.01 |
| SWB8ACMF6R | HUB International Ltd Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -149,296.00 | -0.01 |
| SWB8ACMF6X | Hilton Domestic Operating Company Inc Cd | — | 5.0 | 06/20/2029 | -920,000.00 | -151,649.00 | -0.01 |
| SWB8ACMF73 | Genworth Holdings Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -140,309.00 | -0.01 |
| SWB8ACMF76 | Cleveland-cliffs Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -93,169.00 | -0.01 |
| SWB8ACMF7C | Weatherford International Ltd Cds 202906 | — | 5.0 | 06/20/2029 | -920,000.00 | -136,320.00 | -0.01 |
| SWB8ACMF7K | Venture Global Lng Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -117,704.00 | -0.01 |
| SWB8ACMF7N | UBER Technologies Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -161,202.00 | -0.01 |
| SWB8ACMF7V | Tenet Healthcare Corporation Cds 2029062 | — | 5.0 | 06/20/2029 | -920,000.00 | -142,119.00 | -0.01 |
| SWB8ACMF81 | United Rentals (north America) Inc Cds 2 | — | 5.0 | 06/20/2029 | -920,000.00 | -155,245.00 | -0.01 |
| SWB8ACMF84 | Safeway Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -157,299.00 | -0.01 |
| SWB8ACMF87 | POST Holdings Inc Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -140,774.00 | -0.01 |
| SWB8ACMF8A | Frontier Communications Holdings Llc Cds | — | 5.0 | 06/20/2029 | -920,000.00 | -160,840.00 | -0.01 |
| SWB8ACMF8D | PG&E Corporation Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -113,054.00 | -0.01 |
| SWB8ACMF8G | Louisiana Pacific Corp Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -154,135.00 | -0.01 |
| SWB8ACMF8K | Organon & Co Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -68,984.00 | -0.01 |
| SWB8ACMF8N | Medline Borrower Lp Cds 20290620 | — | 5.0 | 06/20/2029 | -920,000.00 | -152,739.00 | -0.01 |
| SWB8ABWYG5 | SWP: Ois Sofr 4.699000 25-sep-2026 | — | — | 09/25/2026 | -11,000,000.00 | -110,600.00 | -0.01 |
| Q0AVOTNDI2 | Idr/usd Fwd 20250917 Midlgb22 | IDR | — | 09/17/2025 | 142,673,342,460.00 | -76,077.00 | -0.01 |
| JDTURIVS64 | Czk/usd Fwd 20251022 Barcus33 | CZK | — | 10/22/2025 | -117,048,548.00 | -63,283.00 | -0.01 |
| SWB8ADQ7X9 | Scds: (indon) | — | 1.0 | 06/20/2030 | -8,000,000.00 | -119,402.00 | -0.01 |
| SWB8ADQ7XM | Scds: (philip) | — | 1.0 | 06/20/2030 | -3,000,000.00 | -60,446.00 | -0.01 |
| SWB8ADQ7VA | Scds: (adgb) | — | 1.0 | 06/20/2030 | -2,000,000.00 | -68,344.00 | -0.01 |
| SWB8ADPMK7 | Trswap: Trsbench20 Index 09/19/2025 Gsis | — | — | 09/19/2025 | -55,225.00 | -60,544.00 | -0.01 |
| SWB8ADQ7WR | Scds: (ksa) | — | 1.0 | 06/20/2030 | -5,000,000.00 | -97,030.00 | -0.01 |
| SWB8ADQ7WU | Scds: (malays) | — | 1.0 | 06/20/2030 | -3,000,000.00 | -86,868.00 | -0.01 |
| SWB8ADQ7X0 | Scds: (chile) | — | 1.0 | 06/20/2030 | -6,000,000.00 | -143,381.00 | -0.01 |
| UT0DUI9LE7 | Mxn/usd Fwd 20250917 Deutgb22 | MXN | — | 09/17/2025 | -47,062,682.00 | -80,366.00 | -0.01 |
| 65MR6A510A | Php/usd Fwd 20250917 Midlgb22 | PHP | — | 09/17/2025 | 395,080,333.00 | -72,629.00 | -0.01 |
| 94N35HPPKO | Krw/usd Fwd 20250917 Scseus31 | KRW | — | 09/17/2025 | 7,808,738,240.00 | -115,167.00 | -0.01 |
| 5SE3FP3KJO | Gbp/usd Fwd 20251022 2568 | GBP | — | 10/22/2025 | -20,983,452.00 | -240,991.00 | -0.02 |
| 01F0506A9 | Fannie Mae Or Freddie Mac | FNCL | 5.0 | 10/01/2055 | -250,000.00 | -246,356.00 | -0.02 |
| TLFFEUA51B | Inr/usd Fwd 20250917 221 | INR | — | 09/17/2025 | 682,911,287.00 | -216,503.00 | -0.02 |
| SWB8ADQ7WX | Scds: (china) | — | 1.0 | 06/20/2030 | -9,000,000.00 | -241,981.00 | -0.02 |
| SWB8ADFE25 | SWP: Ois Sofr 4.129500 15-jan-2055_c | — | — | 01/15/2055 | -21,200,000.00 | -179,357.00 | -0.02 |
| SWB8ADCX6N | SWP: Ois Sofr 3.994870 20-dec-2044_c | — | — | 12/20/2044 | 20,855,000.00 | -203,066.00 | -0.02 |
| IHBU5 INDE | IBIG Iboxx Ishr Sep25 | IHBU5 | — | 09/02/2025 | -10,701,000.00 | -279,929.00 | -0.02 |
| AVKR2MH70K | Twd/usd Fwd 20250917 Mslngb2x | TWD | — | 09/17/2025 | 225,288,512.00 | -210,609.00 | -0.02 |
| SWB8ACMZRB | SWP: Ois Sofr 4.669000 17-may-2026 | — | — | 05/17/2026 | -67,775,000.00 | -337,950.00 | -0.03 |
| SWB8ACMDF1 | SWP: Ois Sofr 4.253000 13-may-2029 | — | — | 05/13/2029 | -15,700,000.00 | -521,037.00 | -0.04 |
| 21H040699 | Ginnie Mae | G2SF | 4.0 | 09/20/2055 | -500,000.00 | -466,373.00 | -0.04 |
| SWB8ADZZ6J | Trswap: Iboxig Index 12/22/2025 Bnpsw_r | — | — | 12/22/2025 | -60,774.00 | -666,188.00 | -0.06 |
| SWZ96ZAV0E | ICE: (cdx.na.ig.44.v1) | — | 1.0 | 06/20/2030 | -29,290,000.00 | -657,518.00 | -0.06 |
| SWB8ADQ7Y0 | CDS: (cdx.em.43.v1) | — | 1.0 | 06/20/2030 | 100,000,000.00 | -1,716,695.00 | -0.15 |
| 01F0406A0 | Fannie Mae Or Freddie Mac | FNCL | 4.0 | 10/01/2055 | -5,500,000.00 | -5,129,834.00 | -0.43 |
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ABOUT
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 has offices in Newark, N.J., London, Tokyo and Singapore. 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.
Gregory Peters, Robert Tipp, Richard Piccirillo, Matthew Angelucci and Tyler Thorn of PGIM Fixed Income are primarily responsible for management of the PGIM Strategic Bond Fund.
Gregory Peters
Managing Director and Co-Chief Investment Officer of PGIM Fixed Income
Gregory Peters is a Managing Director and Co-Chief Investment Officer of PGIM Fixed Income.
Robert Tipp, CFA
Managing Director, Chief Investment Strategist, and Head of Global Bonds at PGIM Fixed Income
Robert Tipp, CFA, is a Managing Director, Chief Investment Strategist, and Head of Global Bonds at PGIM Fixed Income.
Richard Piccirillo
Managing Director and Co-head on PGIM Fixed Income's Multi-Sector Team
Richard Piccirillo is a Managing Director and one of the co-heads on the Multi-Sector Team at PGIM Fixed Income.
Matthew Angelucci, CFA
Managing Director and Multi-Sector senior portfolio manager
PGIM Fixed Income
Matthew Angelucci, CFA, is a Managing Director and senior portfolio manager on the Multi-Sector Team responsible for Global Bond Strategies.
Tyler Thorn
Principal and Portfolio Manager for PGIM Fixed Income's Multi-Sector Team
PGIM Fixed Income
Tyler Thorn is a Principal and a portfolio manager on the Multi-Sector Team at PGIM Fixed Income.
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.
4364916 Ed. 04/2025
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