Brunswick Corp.

NPORT-P/A false 0001752724-23-245040 0001396092 XXXXXXXX S000073807 C000231000 C000231002 C000231001 World Funds Trust 811-22172 0001396092 5493007BOSPYEMKSSY03 8730 Stony Point Parkway Suite 205 Richmond 23235 800-673-0550 Curasset Capital Management Limited Term Income Fund S000073807 549300O64BV9SDN0ED95 2023-09-30 2023-09-30 N 259725219.20 1062041.65 258663177.55 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 USD N Default N/A Brunswick Corp. 117043AG4 1606000.00000000 PA USD 1633093.22000000 0.631358987958 Long DBT CORP US N 2 2027-08-01 Fixed 7.12500000 N N N N N N Default N/A Blackstone Private Credit Fund 09261HAP2 250000.00000000 PA USD 236786.50000000 0.091542407482 Long DBT CORP US N 2 2025-01-15 Fixed 2.70000000 N N N N N N Default N/A DT Auto Owner Trust 23345EAG0 1332000.00000000 PA USD 1245133.62000000 0.481372583370 Long ABS-MBS CORP US N 2 2027-02-16 Fixed 1.50000000 N N N N N N Default N/A Newtek Small Business Loan Trust 65252MAA7 2250000.00000000 PA USD 569208.68000000 0.220057870390 Long ABS-MBS CORP US Y 2 2044-02-25 Floating 7.95000000 N N N N N N Default N/A Santander Drive Auto Receivables 09/15/2027 0.950% 80287EAE5 1500000.00000000 PA USD 1000254.91000000 0.386701701987 Long ABS-MBS CORP US Y 2 2027-09-15 Fixed 0.95000000 N N N N N N Default N/A Sequoia Mortgage Trust 81748AAD6 1650000.00000000 PA USD 175124.34000000 0.067703622007 Long ABS-MBS CORP US Y 2 2050-04-25 Fixed 3.00000000 N N N N N N Default N/A Reliance Steel and Aluminum Co. 759509AF9 1000000.00000000 PA USD 916548.00000000 0.354340346655 Long DBT CORP US N 2 2025-08-15 Fixed 1.30000000 N N N N N N Default N/A JP Morgan Mortgage Trust 46643KAA9 1000000.00000000 PA USD 82155.90000000 0.031761729975 Long ABS-MBS CORP US Y 2 2029-10-25 Floating 2.76080000 N N N N N N Default N/A Trimble, Inc. 896239AA8 1200000.00000000 PA USD 1181881.20000000 0.456918998364 Long DBT CORP US N 2 2024-12-01 Fixed 4.75000000 N N N N N N Default N/A American Credit Acceptance Receiv Trust 02530TAG6 720000.00000000 PA USD 681894.00000000 0.263622370396 Long ABS-MBS CORP US Y 2 2028-02-14 Fixed 1.82000000 N N N N N N Default N/A Ford Motor Co. 345370BY5 550000.00000000 PA USD 552381.50000000 0.213552429546 Long DBT CORP US N 2 2028-10-01 Fixed 6.62500000 N N N N N N Default N/A Allegion US Holding Company 10/01/2024 3.200% 01748NAD6 1000000.00000000 PA USD 969225.00000000 0.374705440944 Long DBT CORP US N 2 2024-10-01 Fixed 3.20000000 N N N N N N Default N/A Exeter Automobile Receivables Trust 30165JAE6 1000000.00000000 PA USD 967370.00000000 0.373988292095 Long ABS-MBS CORP US N 2 2027-10-15 Fixed 1.46000000 N N N N N N Default N/A AM Capital Funding LLC 00166AAA5 580000.00000000 PA USD 579482.64000000 0.224029815719 Long ABS-MBS CORP US Y 2 2023-12-15 Fixed 4.98000000 N N N N N N Default N/A Fluor Corp. 343412AF9 440000.00000000 PA USD 402771.60000000 0.155712770489 Long DBT CORP US N 2 2028-09-15 Fixed 4.25000000 N N N N N N Default N/A Treasury Bill 03/28/2024 0.000% 912797GY7 1000000.00000000 PA USD 973715.00000000 0.376441289101 Long DBT UST US N 2 2024-03-28 Fixed 0.00000000 N N N N N N Default N/A Pagaya AI Debt Selection Trust 05/15/2029 1.740% 144A 69546RAB2 500000.00000000 PA USD 488508.41000000 0.188858891562 Long ABS-MBS CORP US Y 2 2029-05-15 Fixed 1.74000000 N N N N N N Default N/A Aqua Finance Trust 038413AA8 2200000.00000000 PA USD 456310.74000000 0.176411170821 Long ABS-MBS CORP US Y 2 2046-07-17 Fixed 1.90000000 N N N N N N Default N/A Pagaya AI Debt Selection Trust 69546TAC6 3000000.00000000 PA USD 1043805.30000000 0.403538420074 Long ABS-MBS CORP US Y 2 2027-05-17 Fixed 6.43000000 N N N N N N Default N/A American Credit Acceptance Receiv Trust 025286AD7 1000000.00000000 PA USD 949855.00000000 0.367216937871 Long ABS-MBS CORP US Y 2 2027-11-15 Fixed 1.34000000 N N N N N N FIRST CITIZENS BANKSHARE N/A First Citizens BancShares, Inc. 31959XAA1 1000000.00000000 PA USD 1014057.00000000 0.392037633498 Long DBT CORP US N 2 2164-06-19 Floating 9.63529000 N N N N N N Default N/A DT Auto Owner Trust 26253AAC0 6253750.00000000 PA USD 2982051.13000000 1.152870369198 Long ABS-MBS CORP US Y 2 2026-06-15 Fixed 1.47000000 N N N N N N Default N/A Carvana Auto Receivables Trust 14686TAB4 3000000.00000000 PA USD 2932436.52000000 1.133689204538 Long ABS-MBS CORP US Y 2 2026-08-10 Fixed 5.98000000 N N N N N N Default N/A The Timken Co. 887389AK0 500000.00000000 PA USD 466222.00000000 0.180242895187 Long DBT CORP US N 2 2028-12-15 Fixed 4.50000000 N N N N N N Default N/A JP Morgan Mortgage Trust 46591XAF2 2500000.00000000 PA USD 132914.40000000 0.051385126116 Long ABS-MBS CORP US Y 2 2051-01-25 Fixed 3.00000000 N N N N N N Default N/A WinWater Mortgage Loan Trust 97655JCC4 270000.00000000 PA USD 154855.66000000 0.059867686412 Long ABS-MBS CORP US Y 2 2046-01-20 Floating 3.77779000 N N N N N N Default N/A CPS Auto Receivables Trust 12664DAC7 1250000.00000000 PA USD 1233262.50000000 0.476783170948 Long ABS-MBS CORP US N 2 2030-04-15 Fixed 4.88000000 N N N N N N Default N/A Prestige Auto Receivables Trust 02/15/2028 1.53% 74113XAE6 825600.00000000 PA USD 774426.84000000 0.299395858094 Long ABS-MBS CORP US Y 2 2028-02-15 Fixed 1.53000000 N N N N N N Default N/A Monongahela Power Co. 610202BN2 1000000.00000000 PA USD 990374.00000000 0.382881711026 Long DBT CORP US N 2 2024-04-15 Fixed 4.10000000 N N N N N N Default N/A PVH Corp. 718592AB4 839000.00000000 PA USD 837927.76000000 0.323945513983 Long DBT CORP US N 2 2023-11-15 Fixed 7.75000000 N N N N N N Default N/A AMN Healthcare, Inc. 00175PAB9 110000.00000000 PA USD 99412.50000000 0.038433185945 Long DBT CORP US Y 2 2027-10-01 Fixed 4.62500000 N N N N N N Default N/A United Auto Credit Securitization Trust 90944DAJ0 850000.00000000 PA USD 760363.25000000 0.293958829858 Long ABS-MBS CORP US N 2 2028-11-10 Fixed 5.00000000 N N N N N N Default N/A United States Treasury 04/15/2028 1.25% 91282CGW5 4000000.00000000 PA USD 3847687.63000000 1.487528169430 Long DBT UST US N 2 2028-04-15 Floating 1.25000000 N N N N N N Default N/A RELX, Inc. 758203AA1 1000000.00000000 PA USD 999910.00000000 0.386568358693 Long DBT CORP US N 2 2023-10-15 Fixed 6.62500000 N N N N N N Default N/A Carvana Auto Receivables Trust 146868AG9 2191000.00000000 PA USD 1051980.26000000 0.406698885386 Long ABS-MBS CORP US Y 2 2026-01-15 Fixed 5.64000000 N N N N N N Default N/A Washington Gas Light Co. 93884PCJ7 1000000.00000000 PA USD 1008931.00000000 0.390055905736 Long DBT CORP US N 2 2026-10-09 Fixed 6.82000000 N N N N N N Default N/A United Auto Credit Securitization 06/10/2027 2.850% 144A 90944DAG6 500000.00000000 PA USD 480968.50000000 0.185943938582 Long ABS-MBS CORP US Y 2 2027-06-10 Fixed 2.85000000 N N N N N N Default N/A American Credit Acceptance Receiv Trust 02529WAD9 2000000.00000000 PA USD 1998482.00000000 0.772619442368 Long ABS-MBS CORP US Y 2 2026-05-13 Fixed 5.65000000 N N N N N N Default N/A CPS Auto Receivables Trust 12663BAE8 1100000.00000000 PA USD 1050278.90000000 0.406041134245 Long ABS-MBS CORP US Y 2 2029-10-15 Fixed 7.14000000 N N N N N N Default N/A Energy Transfer LP 29273VAJ9 600000.00000000 PA USD 478178.40000000 0.184865277125 Long DBT CORP US N 2 2028-02-15 Floating 6.62500000 N N N N N N DOMTAR CORP N/A Steel Dynamics, Inc. 858119BF6 813000.00000000 PA USD 796201.79000000 0.307814122420 Long DBT CORP US N 2 2026-12-15 Fixed 5.00000000 N N N N N N Default N/A CPS Auto Receivables Trust 12664DAA1 100000.00000000 PA USD 32370.65000000 0.012514595353 Long ABS-MBS CORP US Y 2 2030-04-15 Fixed 4.18000000 N N N N N N Default N/A Pagaya AI Debt Selection Trust 69546LAA7 100000.00000000 PA USD 23239.08000000 0.008984301600 Long ABS-MBS CORP US Y 2 2029-01-25 Fixed 3.00000000 N N N N N N Default N/A Marlette Funding Trust 57110AAC8 8543000.00000000 PA USD 1897801.16000000 0.733695912180 Long ABS-MBS CORP US Y 2 2029-12-17 Fixed 3.76000000 N N N N N N Default N/A Tricolor Auto Securitization Trust 89616KAE4 600000.00000000 PA USD 619515.00000000 0.239506452316 Long ABS-MBS CORP US N 2 2028-06-15 Fixed 13.45000000 N N N N N N Default N/A First Investors Auto Owner Trust 32057KAA8 2000000.00000000 PA USD 625372.95000000 0.241771154256 Long ABS-MBS CORP US Y 2 2027-01-15 Fixed 2.03000000 N N N N N N Default N/A Arivo Acceptance Auto Loan Receiv Trust 04047JAA3 1000000.00000000 PA USD 732445.94000000 0.283165909789 Long ABS-MBS CORP US Y 2 2029-01-16 Fixed 6.90000000 N N N N N N Default N/A Element Fleet Management Corp. 286181AF9 1059000.00000000 PA USD 1033589.30000000 0.399588882263 Long DBT CORP US N 2 2024-04-06 Fixed 1.60000000 N N N N N N Default N/A CSMC Trust 12648HBE4 2989000.00000000 PA USD 610391.92000000 0.235979440823 Long ABS-MBS CORP US Y 2 2044-04-25 Floating 3.79317000 N N N N N N Default N/A The Goldman Sachs Group, Inc. 38144GAG6 500000.00000000 PA USD 403040.50000000 0.155816728077 Long DBT CORP US N 2 2164-07-21 Floating 3.65000000 N N N N N N Default N/A Santander Drive Auto Receivables 03/15/2027 4.430% 80287HAD0 1304000.00000000 PA USD 1278792.38000000 0.494385166111 Long ABS-MBS CORP US Y 2 2027-03-15 Fixed 4.43000000 N N N N N N Default N/A DT Auto Owner Trust 23344GAJ0 250000.00000000 PA USD 233303.00000000 0.090195675399 Long ABS-MBS CORP US Y 2 2028-01-18 Fixed 2.38000000 N N N N N N Default N/A Federal Home Loan Mortgage Corp. 05/25/2043 VAR% 144A 35564KX79 1200000.00000000 PA USD 1100948.09000000 0.425630002858 Long ABS-MBS CORP US Y 2 2043-05-25 Floating 7.31495000 N N N N N N Default N/A Societe Generale SA 83367TBR9 250000.00000000 PA USD 239125.75000000 0.092446768908 Long DBT CORP US Y 2 2025-11-24 Fixed 4.75000000 N N N N N N Default N/A Allison Transmission, Inc. 019736AE7 550000.00000000 PA USD 507567.50000000 0.196227195848 Long DBT CORP US Y 2 2027-10-01 Fixed 4.75000000 N N N N N N Default N/A Carvana Auto Receivables Trust 14688FAB2 1800000.00000000 PA USD 1334134.15000000 0.515780468884 Long ABS-MBS CORP US Y 2 2027-04-12 Fixed 6.36000000 N N N N N N Default N/A Federal National Mortgage Assoc. 3136BNEW2 49821831.00000000 PA USD 80159.27000000 0.030989826522 Long DBT USGSE US N 2 2046-11-25 Floating 0.11448000 N N N N N N Default N/A Toll Brothers Finance Corp. 88947EAS9 1000000.00000000 PA USD 957803.00000000 0.370289659731 Long DBT CORP US N 2 2027-03-15 Fixed 4.87500000 N N N N N N Default N/A First Investors Auto Owner Trust 32058RAD6 1295000.00000000 PA USD 1010794.90000000 0.390776495353 Long ABS-MBS CORP US Y 2 2025-12-15 Fixed 3.06000000 N N N N N N Default N/A Marathon Petroleum Corp. 56585AAG7 659000.00000000 PA USD 644063.11000000 0.248996829042 Long DBT CORP US N 2 2024-09-15 Fixed 3.62500000 N N N N N N Default N/A Provident Funding Mortgage Trust 74388JAA3 1000000.00000000 PA USD 628027.49000000 0.242797407790 Long ABS-MBS CORP US Y 2 2051-04-25 Fixed 2.50000000 N N N N N N Default N/A Santander Consumer Auto Receiv Trust 80281MAD5 2500000.00000000 PA USD 2492285.00000000 0.963525239118 Long ABS-MBS CORP US Y 2 2026-04-15 Fixed 5.49000000 N N N N N N Default N/A CarMax Auto Owner Trust 14318DAH2 1000000.00000000 PA USD 867348.94000000 0.335319834935 Long ABS-MBS CORP US N 2 2026-01-15 Floating 6.01328000 N N N N N N Default N/A United States Treasury 912828Z78 1107000.00000000 PA USD 996732.84000000 0.385340058620 Long DBT UST US N 2 2027-01-31 Floating 1.50000000 N N N N N N Default N/A Hughes Satellite Systems Corp. 444454AD4 500000.00000000 PA USD 449592.50000000 0.173813878055 Long DBT CORP US N 2 2026-08-01 Fixed 5.25000000 N N N N N N Default N/A Barclays plc 06738EBL8 250000.00000000 PA USD 235837.00000000 0.091175327788 Long DBT CORP US N 2 2026-05-07 Floating 2.85200000 N N N N N N Default N/A Pagaya AI Debt Selection Trust 69546RAA4 1000000.00000000 PA USD 49450.50000000 0.019117719216 Long ABS-MBS CORP US Y 2 2029-05-15 Fixed 1.15000000 N N N N N N Default N/A Santander Drive Auto Receivables 11/16/2026 1.640% 80285WAG2 2000000.00000000 PA USD 1505892.05000000 0.582182614573 Long ABS-MBS CORP US Y 2 2026-11-16 Fixed 1.64000000 N N N N N N Default N/A Old Republic International Corp. 680223AJ3 1000000.00000000 PA USD 984444.00000000 0.380589154329 Long DBT CORP US N 2 2024-10-01 Fixed 4.87500000 N N N N N N Default N/A Lobel Automobile Receivables Trust 53946XAA1 1200000.00000000 PA USD 876342.63000000 0.338796823846 Long ABS-MBS CORP US Y 2 2026-07-15 Fixed 6.97000000 N N N N N N Default N/A GS Mortgage Securities Trust 36253GAJ1 750000.00000000 PA USD 721219.50000000 0.278825732688 Long ABS-MBS CORP US N 2 2047-09-10 Fixed 4.16200000 N N N N N N Default N/A United States Treasury 912828U57 5000000.00000000 PA USD 4972705.00000000 1.922463431826 Long DBT UST US N 2 2023-11-30 Fixed 2.12500000 N N N N N N Default N/A Exeter Automobile Receivables Trust 30166AAD6 2700000.00000000 PA USD 81439.67000000 0.031484833199 Long ABS-MBS CORP US N 2 2026-01-15 Fixed 0.69000000 N N N N N N Default N/A Carvana Auto Receivables Trust 14686KAF4 100000.00000000 PA USD 91795.30000000 0.035488352408 Long ABS-MBS CORP US Y 2 2028-03-10 Fixed 2.90000000 N N N N N N Default N/A ARI Fleet Lease Trust 00217FAB1 100000.00000000 PA USD 12929.56000000 0.004998608662 Long ABS-MBS CORP US Y 2 2030-03-15 Fixed 0.37000000 N N N N N N Default N/A Enbridge, Inc. 29250NBM6 500000.00000000 PA USD 500015.50000000 0.193307568837 Long DBT CORP US N 2 2024-02-16 Floating 5.96527500 N N N N N N Default N/A Upstart Structured Pass-Through Trust 91680YBD2 1500000.00000000 PA USD 725437.44000000 0.280456401591 Long ABS-MBS CORP US Y 2 2030-11-15 Fixed 7.01000000 N N N N N N Default N/A Sprint LLC 85207UAH8 550000.00000000 PA USD 553345.65000000 0.213925172976 Long DBT CORP US N 2 2024-06-15 Fixed 7.12500000 N N N N N N Default N/A CPS Auto Receivables Trust 12663BAD0 2200000.00000000 PA USD 2119172.00000000 0.819278576901 Long ABS-MBS CORP US Y 2 2028-08-15 Fixed 5.19000000 N N N N N N Default N/A Occidental Petroleum Corp. 674599EB7 1485000.00000000 PA USD 1477456.20000000 0.571189225306 Long DBT CORP US N 2 2025-09-01 Fixed 5.87500000 N N N N N N Default N/A M&T Equipment Finance Corp. 07/15/2030 6.090% 551925AA8 1000000.00000000 PA USD 997750.00000000 0.385733295883 Long ABS-MBS CORP US Y 2 2030-07-15 Fixed 6.09000000 N N N N N N Default N/A US Auto Funding Trust 90355FAA6 4000000.00000000 PA USD 1632001.27000000 0.630936836645 Long ABS-MBS CORP US Y 2 2025-04-15 Fixed 3.98000000 N N N N N N Default N/A Exeter Automobile Receivables Trust 30166RAE7 2510000.00000000 PA USD 463433.33000000 0.179164786572 Long ABS-MBS CORP US N 2 2026-01-15 Fixed 0.74000000 N N N N N N Default N/A United States Treasury 91282CGG0 17300000.00000000 PA USD 17032386.30000000 6.584774246310 Long DBT UST US N 2 2025-01-31 Floating 4.12500000 N N N N N N Default N/A Ally Financial, Inc. 02005NBF6 250000.00000000 PA USD 242839.25000000 0.093882419716 Long DBT CORP US N 2 2025-11-20 Fixed 5.75000000 N N N N N N Default N/A Government National Mortgage Assoc. 38376G4V9 975000.00000000 PA USD 38.75000000 0.000014980872 Long ABS-MBS CORP US N 2 2043-03-16 Floating 5.84505000 N N N N N N Default N/A Exeter Automobile Receivables Trust 30166QAF6 550000.00000000 PA USD 524028.45000000 0.202591051019 Long ABS-MBS CORP US N 2 2028-07-17 Fixed 4.56000000 N N N N N N Default N/A Avis Budget Rental Car Funding AESOP LLC 05377RDR2 2275000.00000000 PA USD 2162464.85000000 0.836015729212 Long ABS-MBS CORP US Y 2 2026-03-20 Fixed 2.65000000 N N N N N N Default N/A USASF Receivables LLC 90353QAD8 2040000.00000000 PA USD 2041819.68000000 0.789373926099 Long ABS-MBS CORP US Y 2 2027-03-15 Fixed 9.35000000 N N N N N N Default N/A Avid Automobile Receivables Trust 05368QAC1 900000.00000000 PA USD 892574.10000000 0.345071961326 Long ABS-MBS CORP US Y 2 2027-12-15 Fixed 7.35000000 N N N N N N Default N/A Citigroup, Inc. 172967MU2 500000.00000000 PA USD 437375.50000000 0.169090747335 Long DBT CORP US N 2 2164-06-19 Floating 4.00000000 N N N N N N Default N/A Western Digital Corp. 958102AM7 500000.00000000 PA USD 476424.00000000 0.184187020554 Long DBT CORP US N 2 2026-02-15 Fixed 4.75000000 N N N N N N Default N/A Drive Auto Receivables Trust 01/16/2029 1.450% 262108AF0 1250000.00000000 PA USD 1182988.75000000 0.457347180686 Long ABS-MBS CORP US Y 2 2029-01-16 Fixed 1.45000000 N N N N N N Default N/A Harvest SBA Loan Trust 41755NAA8 1650000.00000000 PA USD 670883.73000000 0.259365765299 Long ABS-MBS CORP US Y 2 2047-06-25 Floating 7.80000000 N N N N N N Default N/A JP Morgan Mortgage Trust 46591LAC5 260000.00000000 PA USD 40391.30000000 0.015615403932 Long ABS-MBS CORP US Y 2 2050-05-25 Fixed 3.50000000 N N N N N N Default N/A Treasury Bill 01/30/2024 0.000% 912797JB4 1000000.00000000 PA USD 982332.00000000 0.379772648470 Long DBT UST US N 2 2024-01-30 Fixed 0.00000000 N N N N N N Default N/A The Timken Co. 88738TAA8 480000.00000000 PA USD 484573.44000000 0.187337619753 Long DBT CORP US N 2 2028-05-08 Fixed 6.87500000 N N N N N N Default N/A Connecticut Avenue Securities Trust 20753DAA6 700000.00000000 PA USD 572976.53000000 0.221514533080 Long DBT USGSE US N 2 2042-09-25 Floating 7.81495000 N N N N N N Default N/A Towd Point HE Trust 89181PCL0 600000.00000000 PA USD 501697.57000000 0.193957862403 Long ABS-MBS CORP US Y 2 2063-02-25 Fixed 6.87500000 N N N N N N Default N/A Federal Home Loan Mortgage Corp. 06/25/2043 VAR% 144A 35564K2F5 1200000.00000000 PA USD 1091326.41000000 0.421910231033 Long ABS-MBS CORP US Y 2 2043-06-25 Floating 7.31495000 N N N N N N Default N/A PACCAR Financial Corp. 69371RR73 500000.00000000 PA USD 480072.00000000 0.185597348856 Long DBT CORP US N 2 2025-04-07 Fixed 2.85000000 N N N N N N Default N/A American Credit Acceptance Receiv Trust 02530BAE0 2062500.00000000 PA USD 2034918.19000000 0.786705788305 Long ABS-MBS CORP US Y 2 2028-06-13 Fixed 4.41000000 N N N N N N Default N/A Triton Container International Ltd. 89680YAB1 2527000.00000000 PA USD 2431807.91000000 0.940144605441 Long DBT CORP US N 2 2024-06-07 Fixed 1.15000000 N N N N N N Default N/A Credit Acceptance Auto Loan Trust 22535GAA0 2948000.00000000 PA USD 1914826.97000000 0.740278144008 Long ABS-MBS CORP US Y 2 2030-05-15 Fixed 1.00000000 N N N N N N Default N/A Micron Technology, Inc. 595112BP7 250000.00000000 PA USD 235210.25000000 0.090933024262 Long DBT CORP US N 2 2027-02-15 Fixed 4.18500000 N N N N N N Default N/A Mill City Mortgage Loan Trust 59980YAB1 1905000.00000000 PA USD 704424.18000000 0.272332609021 Long ABS-MBS CORP US Y 2 2066-04-25 Floating 3.50000000 N N N N N N Default N/A SLM Corp. 78442PGD2 110000.00000000 PA USD 102928.10000000 0.039792327989 Long DBT CORP US N 2 2025-10-29 Fixed 4.20000000 N N N N N N Default N/A Federated Government Obligations Fund Institutional Class 60934N104 17569117.43000000 NS USD 17569117.43000000 6.792276193469 Long STIV RF US N 1 N N N Default N/A ING Groep NV 456837AH6 2000000.00000000 PA USD 1874156.00000000 0.724554618771 Long DBT CORP US N 2 2027-03-29 Fixed 3.95000000 N N N N N N Default N/A CPS Auto Receivables Trust 12664WAE1 450000.00000000 PA USD 466150.05000000 0.180215079090 Long ABS-MBS CORP US Y 2 2030-11-15 Fixed 10.72000000 N N N N N N Default N/A Trinity Rail Leasing LLC 89657BAB0 600000.00000000 PA USD 250668.15000000 0.096909097141 Long ABS-MBS CORP US Y 2 2049-10-18 Fixed 2.39000000 N N N N N N Default N/A Flagship Credit Auto Trust 33844QAE3 2000000.00000000 PA USD 194757.16000000 0.075293732120 Long ABS-MBS CORP US Y 2 2026-04-15 Fixed 3.80000000 N N N N N N Default N/A Oscar US Funding LLC 08/12/2024 VAR% 68785CAA9 2500000.00000000 PA USD 1364929.99000000 0.527686237727 Long ABS-MBS CORP US Y 2 2024-08-12 Floating 5.79600000 N N N N N N Default N/A LAD Auto Receivables Trust 505713AB3 750000.00000000 PA USD 683462.41000000 0.264228722647 Long ABS-MBS CORP US Y 2 2027-06-15 Fixed 5.93000000 N N N N N N Default N/A Santander Drive Auto Receivables Trust 80286WAG1 225000.00000000 PA USD 204110.20000000 0.078909646874 Long ABS-MBS CORP US Y 2 2027-01-15 Fixed 1.48000000 N N N N N N Default N/A Ryder System, Inc. 78355HKR9 1000000.00000000 PA USD 953476.00000000 0.368616827888 Long DBT CORP US N 2 2025-09-01 Fixed 3.35000000 N N N N N N Default N/A CCG Receivables Trust 12512XAA1 1000000.00000000 PA USD 281798.48000000 0.108944180872 Long ABS-MBS CORP US Y 2 2024-03-14 Fixed 5.39500000 N N N N N N Default N/A Lloyds Banking Group plc 53944YAR4 550000.00000000 PA USD 527487.95000000 0.203928504627 Long DBT CORP US N 2 2026-03-18 Floating 3.51100000 N N N N N N Default N/A First Investors Auto Owner Trust 32057KAE0 500000.00000000 PA USD 454470.00000000 0.175699534933 Long ABS-MBS CORP US Y 2 2029-06-15 Fixed 5.41000000 N N N N N N Default N/A X-Caliber Funding LLC 11/01/2024 8.580% 98373XBD1 1200000.00000000 PA USD 1199822.40000000 0.463855122852 Long ABS-MBS CORP US Y 2 2024-11-01 Fixed 8.58000000 N N N N N N Default N/A Avolon Holdings Funding Ltd. 05401AAD3 1000000.00000000 PA USD 990382.00000000 0.382884803852 Long DBT CORP US Y 2 2024-05-15 Fixed 5.25000000 N N N N N N Default N/A World Omni Select Auto Trust 98163UAC4 2000000.00000000 PA USD 1899822.07000000 0.734477202358 Long ABS-MBS CORP US Y 2 2027-03-15 Floating 6.16328000 N N N N N N FARM CREDIT BK OF TEXAS N/A Farm Credit Bank of Texas 30767E406 6000.00000000 NS USD 607500.00000000 0.234861415433 Long EC CORP US N 1 N N N Default N/A DT Auto Owner Trust 23344EAG1 1100000.00000000 PA USD 760752.57000000 0.294109342197 Long ABS-MBS CORP US Y 2 2025-11-17 Fixed 2.55000000 N N N N N N Default N/A Ares Finance Co. LLC 04015CAA6 1000000.00000000 PA USD 966876.00000000 0.373797310138 Long DBT CORP US N 2 2024-10-08 Fixed 4.00000000 N N N N N N Default N/A Seashine Holding LLC 812430AA4 1800000.00000000 PA USD 1699371.50000000 0.656982379980 Long ABS-MBS CORP US Y 2 2025-05-20 Fixed 6.00000000 N N N N N N Default N/A Federal Home Loan Mortgage Corp. 3137AQH35 28479666.00000000 PA USD 58218.30000000 0.022507378340 Long DBT USGSE US N 2 2027-05-15 Fixed 3.00000000 N N N N N N Default N/A General Motors Financial Co., Inc. 37045XCA2 500000.00000000 PA USD 402645.00000000 0.155663826530 Long DBT CORP US N 2 2027-09-30 Floating 5.75000000 N N N N N N Default N/A Energy Transfer LP 29278NAM5 1100000.00000000 PA USD 1099314.70000000 0.424998529134 Long DBT CORP US N 2 2024-01-15 Fixed 5.87500000 N N N N N N Default N/A Lendingpoint Asset Securitization Trust 525919AA4 750000.00000000 PA USD 263579.84000000 0.101900797205 Long ABS-MBS CORP US N 2 2030-02-15 Fixed 6.56000000 N N N N N N Default N/A Flagship Credit Auto Trust 33846QAE1 350000.00000000 PA USD 323456.00000000 0.125049109449 Long ABS-MBS CORP US N 2 2027-09-15 Fixed 1.46000000 N N N N N N Default N/A Tricolor Auto Securitization Trust 89616BAA2 1000000.00000000 PA USD 95329.74000000 0.036854778056 Long ABS-MBS CORP US Y 2 2025-02-18 Fixed 3.33000000 N N N N N N Default N/A FMC Corp. 302491AT2 800000.00000000 PA USD 731353.60000000 0.282743607701 Long DBT CORP US N 2 2026-10-01 Fixed 3.20000000 N N N N N N Default N/A Santander Drive Auto Receivables Trust 80285VAE9 1000000.00000000 PA USD 971001.00000000 0.375392048144 Long ABS-MBS CORP US Y 2 2027-02-16 Fixed 1.26000000 N N N N N N Default N/A SCF Equipment Leasing LLC 783897AC5 595000.00000000 PA USD 240641.72000000 0.093032847689 Long ABS-MBS CORP US Y 2 2028-08-21 Fixed 0.83000000 N N N N N N Default N/A American Credit Acceptance Receiv Trust 02529RAG3 2200000.00000000 PA USD 144827.05000000 0.055990594166 Long ABS-MBS CORP US Y 2 2025-12-12 Fixed 2.97000000 N N N N N N Default N/A GLS Auto Receivables Issuer Trust 36257NAC7 550000.00000000 PA USD 15758.10000000 0.006092131144 Long ABS-MBS CORP US Y 2 2025-02-18 Fixed 3.54000000 N N N N N N Default N/A Phillips 66 Partners LP 718549AF5 540000.00000000 PA USD 460607.04000000 0.178072133947 Long DBT CORP US N 2 2028-03-01 Fixed 3.75000000 N N N N N N Default N/A GCAT Trust 36167YAA6 260000.00000000 PA USD 134390.29000000 0.051955709843 Long ABS-MBS CORP US Y 2 2066-08-25 Fixed 1.91500000 N N N N N N Default N/A Aircastle Ltd. 00928QAQ4 1100000.00000000 PA USD 1084254.60000000 0.419176246990 Long DBT CORP US N 2 2024-05-01 Fixed 4.12500000 N N N N N N Default N/A Saluda Grade Alternative Mortgage Trust 79582GAA2 1000000.00000000 PA USD 914800.63000000 0.353664807903 Long ABS-MBS CORP US Y 2 2053-06-25 Floating 7.16200000 N N N N N N Default N/A Connecticut Avenue Securities Trust 07/25/2043 VAR% 144A 20754EAA3 600000.00000000 PA USD 573981.04000000 0.221902879813 Long ABS-MBS CORP US Y 2 2043-07-25 Floating 7.01495000 N N N N N N Default N/A Massachusetts Mutual Life Insurance Co. 575767AB4 375000.00000000 PA USD 375178.13000000 0.145045047986 Long DBT CORP US N 2 2023-11-15 Fixed 7.62500000 N N N N N N Default N/A Veros Auto Receivables Trust 92512VAD1 1900000.00000000 PA USD 1854134.00000000 0.716814050442 Long ABS-MBS CORP US Y 2 2029-07-16 Fixed 7.23000000 N N N N N N Default N/A Societe Generale SA 83368RAT9 500000.00000000 PA USD 493719.00000000 0.190873322084 Long DBT CORP US Y 2 2024-03-28 Fixed 3.87500000 N N N N N N Default N/A DT Auto Owner Trust 23345AAE3 2000000.00000000 PA USD 1949156.00000000 0.753549855244 Long ABS-MBS CORP US Y 2 2028-03-15 Fixed 4.72000000 N N N N N N Default N/A Vistra Operations Co. LLC 07/15/2024 3.55% 92840VAD4 1000000.00000000 PA USD 975268.00000000 0.377041683798 Long DBT CORP US N 2 2024-07-15 Fixed 3.55000000 N N N N N N Default N/A Freddie Mac 01/25/2034 VAR% 144A 35564KHE2 40000.00000000 PA USD 26802.27000000 0.010361842088 Long ABS-MBS CORP US Y 2 2034-01-25 Floating 6.96495000 N N N N N N Default N/A HF Sinclair Corp. 403949AA8 1275000.00000000 PA USD 1275000.00000000 0.492919020046 Long DBT CORP US N 2 2023-10-01 Fixed 2.62500000 N N N N N N Default N/A Energy Transfer LP 29273RAY5 845000.00000000 PA USD 841809.28000000 0.325446121853 Long DBT CORP US N 2 2024-02-01 Fixed 4.90000000 N N N N N N Default N/A Exeter Automobile Receivables Trust 30167LAG4 1100000.00000000 PA USD 191289.60000000 0.073953162491 Long ABS-MBS CORP US Y 2 2025-03-17 Fixed 3.71000000 N N N N N N Default N/A United States Treasury 91282CDH1 5000000.00000000 PA USD 4749220.00000000 1.836063426183 Long DBT UST US N 2 2024-11-15 Floating 0.75000000 N N N N N N Default N/A Credit Agricole SA 22535WAH0 2000000.00000000 PA USD 1786354.00000000 0.690610088733 Long DBT CORP US Y 2 2027-01-26 Floating 1.24700000 N N N N N N Default N/A Carvana Auto Receivables Trust 14687PAG0 2846000.00000000 PA USD 1210385.70000000 0.467938927938 Long ABS-MBS CORP US Y 2 2026-01-15 Fixed 3.43000000 N N N N N N Default N/A Hasbro, Inc. 418056AH0 798000.00000000 PA USD 812435.82000000 0.314090249603 Long DBT CORP US N 2 2028-07-15 Fixed 6.60000000 N N N N N N Default N/A PRA Health Sciences, Inc. 45569KAA1 110000.00000000 PA USD 99249.59000000 0.038370204425 Long DBT CORP US Y 2 2026-07-15 Fixed 2.87500000 N N N N N N Default N/A Freddie Mac 04/25/2043 VAR% 144A 35564KT58 600000.00000000 PA USD 552643.79000000 0.213653831687 Long ABS-MBS CORP US Y 2 2043-04-25 Floating 7.41495000 N N N N N N Default N/A Macmillan Bloedel Pembroke LP 554783AK6 1000000.00000000 PA USD 1043193.00000000 0.403301702964 Long DBT CORP US N 2 2026-02-15 Fixed 7.70000000 N N N N N N Default N/A Libra Solutions LLC 53161DAA3 300000.00000000 PA USD 218369.68000000 0.084422406802 Long ABS-MBS CORP US N 2 2035-02-15 Fixed 7.00000000 N N N N N N Default N/A Morgan Stanley Resecuritization Trust 61690HAF6 960000.00000000 PA USD 25654.97000000 0.009918292291 Long ABS-MBS CORP US Y 2 2046-12-26 Floating 4.85235000 N N N N N N Default N/A Citigroup Mortgage Loan Trust, Inc. 17328PAQ6 250000.00000000 PA USD 61332.22000000 0.023711229631 Long ABS-MBS CORP US Y 2 2050-08-25 Fixed 2.50000000 N N N N N N Default N/A Carvana Auto Receivables Trust 14686KAD9 960000.00000000 PA USD 280959.29000000 0.108619747372 Long ABS-MBS CORP US N 2 2028-03-10 Fixed 1.07000000 N N N N N N Default N/A Upstart Securitization Trust 05/20/2032 6.100% 144A 91679TAB1 2000000.00000000 PA USD 1974048.00000000 0.763173180928 Long ABS-MBS CORP US Y 2 2032-05-20 Fixed 6.10000000 N N N N N N Default N/A GLS Auto Receivables Issuer Trust 36258HAE5 3595000.00000000 PA USD 1204332.05000000 0.465598567761 Long ABS-MBS CORP US Y 2 2025-08-15 Fixed 3.06000000 N N N N N N Default N/A Abercrombie and Fitch Management Co. 003000AA4 550000.00000000 PA USD 559214.70000000 0.216194166211 Long DBT CORP US Y 2 2025-07-15 Fixed 8.75000000 N N N N N N Default N/A Santander Retail Auto Lease Trust 80286DAG3 1170000.00000000 PA USD 1128498.94000000 0.436281248335 Long ABS-MBS CORP US N 2 2025-11-20 Fixed 1.41000000 N N N N N N Default N/A Fifth Third Bank 31677QBT5 400000.00000000 PA USD 393507.20000000 0.152131124239 Long DBT CORP US N 2 2025-10-27 Floating 5.85200000 N N N N N N Default N/A The Williams Cos, Inc. 96950FAQ7 1100000.00000000 PA USD 1070443.00000000 0.413836638882 Long DBT CORP US N 2 2025-01-15 Fixed 3.90000000 N N N N N N Default N/A Synchrony Bank 87166FAD5 600000.00000000 PA USD 578264.40000000 0.223558840294 Long DBT CORP US N 2 2025-08-22 Fixed 5.40000000 N N N N N N Default N/A Macquarie Group Ltd. 55608JBC1 2000000.00000000 PA USD 1860100.00000000 0.719120524853 Long DBT CORP US Y 2 2028-06-21 Floating 4.09800000 N N N N N N Default N/A Hyundai Auto Receivables Trust 448979AA2 2000000.00000000 PA USD 134866.68000000 0.052139883719 Long ABS-MBS CORP US Y 2 2024-04-15 Floating 5.16700000 N N N N N N Default N/A Arivo Acceptance Auto Loan Receiv Trust 04047EAA4 1500000.00000000 PA USD 652439.63000000 0.252235218085 Long ABS-MBS CORP US Y 2 2028-05-15 Fixed 3.93000000 N N N N N N Default N/A Canpack SA/Canpack US LLC 13805AAA5 500000.00000000 PA USD 461240.50000000 0.178317031580 Long DBT CORP US Y 2 2025-11-01 Fixed 3.12500000 N N N N N N Default N/A Tricolor Auto Securization Trust 09/15/2026 3.230% 144A 89615BAE5 2000000.00000000 PA USD 1960238.00000000 0.757834191386 Long ABS-MBS CORP US Y 2 2026-09-15 Fixed 3.23000000 N N N N N N Default N/A Bank of America Corp. 060505GB4 125000.00000000 PA USD 104756.13000000 0.040499050151 Long DBT CORP US N 2 2164-06-19 Floating 4.37500000 N N N N N N Default N/A Connecticut Avenue Securities Trust 04/25/2043 VAR% 144A 20753ACJ1 2200000.00000000 PA USD 2017680.85000000 0.780041778312 Long ABS-MBS CORP US Y 2 2043-04-25 Floating 7.81495000 N N N N N N Default N/A Ball Corp. 058498AV8 500000.00000000 PA USD 480192.00000000 0.185643741234 Long DBT CORP US N 2 2026-03-15 Fixed 4.87500000 N N N N N N Default N/A Carvana Auto Receivables Trust 14687HAC7 2000000.00000000 PA USD 297932.73000000 0.115181732793 Long ABS-MBS CORP US N 2 2028-09-11 Fixed 1.24000000 N N N N N N Default N/A GATX Corp 03/30/2027 3.850% 361448AZ6 600000.00000000 PA USD 556543.20000000 0.215161355888 Long DBT CORP US N 2 2027-03-30 Fixed 3.85000000 N N N N N N Default N/A Cargill, Inc. 141781BU7 500000.00000000 PA USD 484950.00000000 0.187483199036 Long DBT CORP US Y 2 2025-04-20 Fixed 3.50000000 N N N N N N Default N/A Federal Home Loan Mortgage Corp. 3137BCQZ4 950000.00000000 PA USD 89424.31000000 0.034571720198 Long DBT USGSE US N 2 2029-07-15 Fixed 3.00000000 N N N N N N Default N/A Verus Securitization Trust 92537MAC4 2365000.00000000 PA USD 346620.80000000 0.134004694167 Long ABS-MBS CORP US Y 2 2059-11-25 Fixed 3.19200000 N N N N N N Default N/A Westlake Automobile Receivables Trust 96042WAG2 487200.00000000 PA USD 464530.10000000 0.179588801312 Long ABS-MBS CORP US Y 2 2027-03-15 Fixed 3.49000000 N N N N N N Default N/A Brunswick Corp. 117043AS8 1000000.00000000 PA USD 953630.00000000 0.368676364773 Long DBT CORP US N 2 2024-08-18 Fixed 0.85000000 N N N N N N Default N/A Santander Drive Auto Receivables Trust 80286EAE6 500000.00000000 PA USD 481365.00000000 0.186097226732 Long ABS-MBS CORP US N 2 2028-04-17 Fixed 2.56000000 N N N N N N Default N/A Federal Home Loan Mortgage Corp. 3137FGV36 5199600.00000000 PA USD 357231.02000000 0.138106638673 Long DBT USGSE US N 2 2045-03-15 Fixed 3.50000000 N N N N N N Default N/A Midwest Connector Capital 04/01/2024 3.900% 144A 59833CAA0 1000000.00000000 PA USD 984089.00000000 0.380451910210 Long DBT CORP US N 2 2024-04-01 Fixed 3.90000000 N N N N N N Default N/A CPS Auto Receivables Trust 12596UAE8 1000000.00000000 PA USD 765900.10000000 0.296099393525 Long ABS-MBS CORP US Y 2 2025-07-15 Fixed 4.30000000 N N N N N N Default N/A American Credit Acceptance Receiv Trust 02530BAG5 1100000.00000000 PA USD 1054482.00000000 0.407666065957 Long ABS-MBS CORP US Y 2 2028-06-13 Fixed 4.85000000 N N N N N N Default N/A Treasury Bill 10/24/2023 0.000% 912797HC4 1000000.00000000 PA USD 996776.00000000 0.385356744412 Long DBT UST US N 2 2023-10-24 Fixed 0.00000000 N N N N N N Default N/A Avid Automobile Receivables Trust 05369DAC9 2975000.00000000 PA USD 311860.38000000 0.120566206196 Long ABS-MBS CORP US N 2 2026-07-15 Fixed 3.14000000 N N N N N N Default N/A Foursight Capital Automobile Recei Trust 35105JAF5 600000.00000000 PA USD 554795.40000000 0.214485650897 Long ABS-MBS CORP US Y 2 2028-05-15 Fixed 3.07000000 N N N N N N Default N/A JPMBB Commercial Mortgage Sec Trust 46644RAY1 1863648.05000000 PA USD 220868.92000000 0.085388620866 Long ABS-MBS CORP US N 2 2048-05-15 Fixed 3.34230000 N N N N N N Default N/A GLS Auto Receivables Issuer Trust 36260CAE2 725000.00000000 PA USD 704402.75000000 0.272324324115 Long ABS-MBS CORP US Y 2 2027-07-15 Fixed 4.31000000 N N N N N N Default N/A Federal National Mortgage Assoc. 12/25/2032 2.00% 3136AAL86 1050000.00000000 PA USD 121694.08000000 0.047047315026 Long ABS-MBS CORP US Y 2 2032-12-25 Fixed 2.00000000 N N N N N N Default N/A United States Treasury 91282CDM0 6700000.00000000 PA USD 6646889.10000000 2.569708283551 Long DBT UST US N 2 2023-11-30 Floating 0.50000000 N N N N N N Default N/A Santander Drive Auto Receivables Trust 80286NAG1 3595000.00000000 PA USD 3470005.45000000 1.341515047818 Long ABS-MBS CORP US Y 2 2026-11-16 Fixed 1.13000000 N N N N N N Default N/A Nutrien Ltd. 67077MAZ1 500000.00000000 PA USD 498602.50000000 0.192761298582 Long DBT CORP US N 2 2024-11-07 Fixed 5.90000000 N N N N N N Default N/A Celanese US Holdings LLC 15089QAL8 1000000.00000000 PA USD 996409.00000000 0.385214861055 Long DBT CORP US N 2 2025-03-15 Fixed 6.05000000 N N N N N N Default N/A COMM Mortgage Trust 20048KAG2 65000.00000000 PA USD 45976.52000000 0.017774667594 Long ABS-MBS CORP US Y 2 2033-09-15 Floating 7.80457000 N N N N N N Default N/A Targa Resources Partners LP 87612BBQ4 500000.00000000 PA USD 467956.00000000 0.180913265054 Long DBT CORP US N 2 2030-03-01 Fixed 5.50000000 N N N N N N Default N/A SBL Holdings, Inc. 78432MAA3 600000.00000000 PA USD 542480.40000000 0.209724633068 Long DBT CORP US Y 2 2026-11-13 Fixed 5.12500000 N N N N N N Default N/A Veros Auto Receivables Trust 924933AA2 1032000.00000000 PA USD 790586.33000000 0.305643167878 Long ABS-MBS CORP US Y 2 2028-11-15 Fixed 7.12000000 N N N N N N Default N/A Carvana Auto Receivables Trust 14686MAF0 175000.00000000 PA USD 167084.23000000 0.064595290130 Long ABS-MBS CORP US N 2 2028-11-10 Fixed 5.54000000 N N N N N N Default N/A TransCanada PipeLines Ltd. 89352LAG5 1150000.00000000 PA USD 1215164.75000000 0.469786523737 Long DBT CORP CA N 2 2029-06-15 Fixed 7.70000000 N N N N N N Default N/A Tricon American Homes Trust 89613FAC2 459000.00000000 PA USD 454226.86000000 0.175605536243 Long ABS-MBS CORP US Y 2 2036-01-17 Fixed 3.47300000 N N N N N N Default N/A Westlake Automobile Receivables Trust 96042PAF9 2160000.00000000 PA USD 1667624.90000000 0.644709044323 Long ABS-MBS CORP US Y 2 2026-01-15 Fixed 2.76000000 N N N N N N Default N/A HPEFS Equipment Trust 40443DAA0 2000000.00000000 PA USD 396486.80000000 0.153283046993 Long ABS-MBS CORP US Y 2 2024-03-20 Fixed 5.45000000 N N N N N N Default N/A Treasury Bill 12/28/2023 0.000% 912796ZN2 1000000.00000000 PA USD 987143.00000000 0.381632596239 Long DBT UST US N 2 2023-12-28 Fixed 0.00000000 N N N N N N FANNIE MAE N/A Federal National Mortgage Assoc. 3136BNFA9 33025657.00000000 PA USD 58870.98000000 0.022759706486 Long DBT USGSE US N 2 2047-02-25 Floating 0.11448000 N N N N N N Default N/A Blackstone Private Credit Fund 09261HAB3 115000.00000000 PA USD 109740.25000000 0.042425926658 Long DBT CORP US N 2 2024-09-15 Fixed 1.75000000 N N N N N N Default N/A Jersey Central Power and Light Co. 476556DB8 1000000.00000000 PA USD 990775.00000000 0.383036738891 Long DBT CORP US N 2 2024-04-01 Fixed 4.70000000 N N N N N N Default N/A Teva Pharmaceutical Industries Ltd. 88167AAP6 100000.00000000 PA USD 91753.30000000 0.035472115076 Long DBT CORP US N 2 2027-05-09 Fixed 4.75000000 N N N N N N Default N/A Spruce Hill Mortgage Loan Trust 85209FAA4 42103950.00000000 PA USD 512301.78000000 0.198057483423 Long ABS-MBS CORP US Y 2 2050-01-28 Fixed 2.52100000 N N N N N N Default N/A American Credit Acceptance Receiv Trust 02530QAC1 1100000.00000000 PA USD 163582.37000000 0.063241460013 Long ABS-MBS CORP US Y 2 2026-12-14 Fixed 1.31000000 N N N N N N Default N/A Exeter Automobile Receivables Trust 30166QAG4 962500.00000000 PA USD 864465.53000000 0.334205099538 Long ABS-MBS CORP US Y 2 2029-10-15 Fixed 6.34000000 N N N N N N Default N/A EPR Properties 26884UAE9 220000.00000000 PA USD 194936.28000000 0.075362980477 Long DBT CORP US N 2 2028-04-15 Fixed 4.95000000 N N N N N N Default N/A GLS Auto Receivables Issuer Trust 36258AAC4 825000.00000000 PA USD 145792.38000000 0.056363793788 Long ABS-MBS CORP US Y 2 2025-05-15 Fixed 2.96000000 N N N N N N Default N/A Santander Consumer Auto Receiv Trust 80282YAC0 2000000.00000000 PA USD 239599.72000000 0.092630007204 Long ABS-MBS CORP US Y 2 2025-10-15 Fixed 0.33000000 N N N N N N Default N/A Federal National Mortgage Assoc. 3136AJGA8 13817854.00000000 PA USD 87297.24000000 0.033749388230 Long ABS-MBS CORP US Y 2 2042-08-25 Fixed 3.50000000 N N N N N N Default N/A Korn Ferry 50067PAA7 500000.00000000 PA USD 460000.00000000 0.177837450369 Long DBT CORP US Y 2 2027-12-15 Fixed 4.62500000 N N N N N N Default N/A United Auto Credit Securitization Trust 90944KAF2 600000.00000000 PA USD 571369.20000000 0.220893134234 Long ABS-MBS CORP US Y 2 2029-04-10 Fixed 10.00000000 N N N N N N Default N/A SCF Equipment Leasing LLC 784033AL6 500000.00000000 PA USD 438965.50000000 0.169705446348 Long ABS-MBS CORP US Y 2 2032-07-20 Fixed 5.26000000 N N N N N N Default N/A Angel Oak Mortgage Trust 03465CAA3 230000.00000000 PA USD 55490.27000000 0.021452713341 Long ABS-MBS CORP US Y 2 2066-01-25 Fixed 0.90900000 N N N N N N Default N/A LAD Auto Receivables Trust 501687AC1 726000.00000000 PA USD 721112.57000000 0.278784393213 Long ABS-MBS CORP US Y 2 2030-04-15 Fixed 6.85000000 N N N N N N Default N/A Carvana Auto Receivables Trust 14686GAE6 550000.00000000 PA USD 526158.05000000 0.203414361094 Long ABS-MBS CORP US Y 2 2028-12-11 Fixed 4.13000000 N N N N N N Default N/A Prestige Auto Receivables Trust 74113NAF5 3000000.00000000 PA USD 2562896.04000000 0.990823689817 Long ABS-MBS CORP US Y 2 2025-08-15 Fixed 3.01000000 N N N N N N Default N/A The Boeing Co. 097023CZ6 1000000.00000000 PA USD 986214.00000000 0.381273441910 Long DBT CORP US N 2 2024-02-01 Fixed 1.95000000 N N N N N N Default N/A Spectra Energy Partners LP 84756NAD1 600000.00000000 PA USD 596263.20000000 0.230517233124 Long DBT CORP US N 2 2024-03-15 Fixed 4.75000000 N N N N N N Default N/A Carvana Auto Receivables Trust 14686GAA4 550000.00000000 PA USD 115193.10000000 0.044534015661 Long ABS-MBS CORP US Y 2 2028-12-11 Fixed 2.31000000 N N N N N N Default N/A SMB Private Education Loan Trust 78449UAB4 2000000.00000000 PA USD 1051636.38000000 0.406565940293 Long ABS-MBS CORP US Y 2 2037-09-15 Fixed 2.23000000 N N N N N N Default N/A LAD Auto Receivables Trust 501683AA4 4500000.00000000 PA USD 821431.11000000 0.317567857079 Long ABS-MBS CORP US Y 2 2026-08-17 Fixed 1.30000000 N N N N N N Default N/A Tapestry, Inc. 189754AA2 1250000.00000000 PA USD 1215523.75000000 0.469925314268 Long DBT CORP US N 2 2025-04-01 Fixed 4.25000000 N N N N N N Default N/A Federal National Mortgage Assoc. 30711XY32 1000000.00000000 PA USD 1083728.00000000 0.418972661769 Long DBT USGSE US N 2 2031-01-25 Floating 9.67943000 N N N N N N Default N/A Hubbell, Inc. 443510AH5 1079000.00000000 PA USD 991645.24000000 0.383373176419 Long DBT CORP US N 2 2027-08-15 Fixed 3.15000000 N N N N N N Default N/A United States Treasury 91282CEG2 5000000.00000000 PA USD 4921680.00000000 1.902737005946 Long DBT UST US N 2 2024-03-31 Fixed 2.25000000 N N N N N N Default N/A CSMC Trust 12648HBC8 3940000.00000000 PA USD 935773.12000000 0.361772838663 Long ABS-MBS CORP US Y 2 2037-04-25 Floating 3.79317000 N N N N N N Default N/A Verus Securitization Trust 92537HAA9 205000.00000000 PA USD 17563.98000000 0.006790290046 Long ABS-MBS CORP US Y 2 2059-07-25 Fixed 2.91300000 N N N N N N Default N/A SoFi Consumer Loan Program 83407CAB4 924000.00000000 PA USD 902406.12000000 0.348873051258 Long ABS-MBS CORP US Y 2 2030-09-25 Fixed 1.30000000 N N N N N N Default N/A Drive Auto Receivables Trust 26209WAG8 1000000.00000000 PA USD 430097.48000000 0.166277041855 Long ABS-MBS CORP US N 2 2026-10-15 Fixed 3.18000000 N N N N N N Default N/A TRI Pointe Group, Inc. 962178AN9 1000000.00000000 PA USD 992901.00000000 0.383858657194 Long DBT CORP US N 2 2024-06-15 Fixed 5.87500000 N N N N N N Default N/A Mariner Finance Issuance Trust 56847MAA8 2300000.00000000 PA USD 77294.32000000 0.029882227819 Long ABS-MBS CORP US Y 2 2032-07-20 Fixed 2.96000000 N N N N N N Default N/A Qorvo, Inc. 74739DAA2 550000.00000000 PA USD 516762.40000000 0.199781973180 Long DBT CORP US N 2 2024-12-15 Fixed 1.75000000 N N N N N N Default N/A CarMax Auto Owner Trust 14314QAG9 250000.00000000 PA USD 228984.25000000 0.088526033032 Long ABS-MBS CORP US N 2 2027-10-15 Fixed 1.55000000 N N N N N N Default N/A Drive Auto Receivables Trust 262104AE2 2500000.00000000 PA USD 1899388.21000000 0.734309470714 Long ABS-MBS CORP US N 2 2027-10-15 Fixed 0.87000000 N N N N N N Default N/A Connecticut Avenue Securities Trust 20754LAB5 250000.00000000 PA USD 245312.50000000 0.094838585964 Long ABS-MBS CORP US Y 2 2026-12-25 Floating 7.21495000 N N N N N N Default N/A Sealed Air Corp. 81211KAW0 500000.00000000 PA USD 492500.00000000 0.190402052841 Long DBT CORP US Y 2 2024-12-01 Fixed 5.12500000 N N N N N N Default N/A BorgWarner, Inc. 02/15/2029 7.125% 099724AC0 600000.00000000 PA USD 631266.00000000 0.244049425967 Long DBT CORP US N 2 2029-02-15 Fixed 7.12500000 N N N N N N Default N/A Exeter Automobile Receivables Trust 30166YAD4 1608000.00000000 PA USD 1596446.52000000 0.617191258191 Long ABS-MBS CORP US Y 2 2026-12-15 Fixed 4.86000000 N N N N N N Default N/A Banque Federative du Credit Mutuel SA 06675FAY3 2000000.00000000 PA USD 1761378.00000000 0.680954288385 Long DBT CORP US Y 2 2026-10-04 Fixed 1.60400000 N N N N N N Default N/A United States Treasury 912828B66 5000000.00000000 PA USD 4950000.00000000 1.913685607238 Long DBT UST US N 2 2024-02-15 Fixed 2.75000000 N N N N N N Default N/A United Airlines Class A Pass Thro Trust 210795PZ7 1000000.00000000 PA USD 500922.31000000 0.193658144442 Long ABS-MBS CORP US N 2 2025-10-11 Fixed 4.15000000 N N N N N N Default N/A Penske Truck Leasing Co. LP/PTL Finance Corp. 03/10/2025 3.95% 709599AZ7 775000.00000000 PA USD 748023.03000000 0.289188061897 Long DBT CORP US N 2 2025-03-10 Fixed 3.95000000 N N N N N N Default N/A US Auto Funding Trust 90355EAB7 1080000.00000000 PA USD 334484.03000000 0.129312580618 Long ABS-MBS CORP US Y 2 2025-03-17 Fixed 1.49000000 N N N N N N FANNIE MAE N/A Federal National Mortgage Assoc. 3136BMXV5 27788800.00000000 PA USD 53236.55000000 0.020581418083 Long DBT USGSE US N 2 2046-02-25 Floating 0.16448000 N N N N N N Default N/A HCA, Inc. 19767QAQ8 817000.00000000 PA USD 834140.66000000 0.322481409182 Long DBT CORP US N 2 2025-09-15 Fixed 7.58000000 N N N N N N Default N/A EnLink Midstream Partners LP 29336UAB3 600000.00000000 PA USD 584882.40000000 0.226117379961 Long DBT CORP US N 2 2024-04-01 Fixed 4.40000000 N N N N N N Default N/A Santander Drive Auto Receivables Trust 80287JAB0 3000000.00000000 PA USD 2655896.66000000 1.026778022738 Long ABS-MBS CORP US Y 2 2026-03-16 Fixed 5.87000000 N N N N N N Default N/A SCF Equipment Leasing LLC 784034AB6 1000000.00000000 PA USD 37045.65000000 0.014321965094 Long ABS-MBS CORP US Y 2 2026-04-20 Fixed 2.47000000 N N N N N N Default N/A Domtar Corp. 70478JAA2 100000.00000000 PA USD 82813.10000000 0.032015805567 Long DBT CORP US Y 2 2028-10-01 Fixed 6.75000000 N N N N N N Default N/A Federal Home Loan Mortgage Corp. 35564KWS4 2612500.00000000 PA USD 1906257.07000000 0.736964993647 Long DBT USGSE US Y 2 2042-05-25 Floating 7.51495000 N N N N N N Default N/A Michael Kors USA, Inc. 59408TAA8 1700000.00000000 PA USD 1670250.00000000 0.645723916260 Long DBT CORP US Y 2 2024-11-01 Floating 4.50000000 N N N N N N Default N/A DT Auto Owner Trust 23344QAD1 1200000.00000000 PA USD 1089498.00000000 0.421203361962 Long ABS-MBS CORP US Y 2 2027-05-17 Fixed 1.31000000 N N N N N N Default N/A Treasury Bill 11/21/2023 0.000% 912797HL4 1000000.00000000 PA USD 992618.00000000 0.383749248502 Long DBT UST US N 2 2023-11-21 Fixed 0.00000000 N N N N N N Default N/A Pagaya AI Debt Trust 03/15/2030 6.06% 69547MAA4 2400000.00000000 PA USD 1170603.09000000 0.452558845479 Long ABS-MBS CORP US Y 2 2030-03-15 Fixed 6.06000000 N N N N N N Default N/A Connecticut Avenue Securities Trust 20755DAB2 250000.00000000 PA USD 257187.50000000 0.099429498406 Long DBT USGSE US N 2 2042-07-25 Floating 8.91495000 N N N N N N 2023-10-31 World Funds Trust Ann MacDonald Ann MacDonald Principal