NPORT-P false 0001408970 XXXXXXXX S000038247 C000117922 AdvisorShares Trust 811-22110 0001408970 549300K5KGUMX2I7WM68 4800 Montgomery Lane Suite 150 Bethesda 20814 877-843-3831 AdvisorShares Newfleet Multi-Sector Income ETF S000038247 549300TXPL8N66JNJ546 2020-06-30 2020-06-30 N 59882332.60 2115438.11 57766894.49 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 BOEING CO RVHJWBXLJ1RFUBSY1F30 097023BG9 60000.00000000 PA USD 60768.17000000 0.105195493952 Long DBT CORP US N 2 2021-10-30 Fixed 2.35000000 N N N N N N CPS Auto Trust N/A 12597JAC6 175000.00000000 PA USD 176843.59000000 0.306133108870 Long ABS-O CORP US N 2 2025-12-15 Fixed 2.54000000 N N N N N N JP Morgan Mortgage Trust 549300BV8AJIRLDGMR51 46641YAJ2 180194.68000000 PA USD 186133.30000000 0.322214482262 Long ABS-MBS CORP US N 2 2029-06-25 Variable 3.50000000 N N N N N N CENTURYLINK INC 03/15/27 N/A 15669GAH7 64650.06000000 PA USD 61179.64000000 0.105907787739 Long LON CORP US N 2 2027-03-15 Floating 3.23450000 N N N N N N Marlette Funding Trust N/A 57110AAA2 148158.83000000 PA USD 148814.34000000 0.257611805712 Long ABS-O CORP US N 2 2029-12-17 Fixed 2.39000000 N N N N N N Homeward Opportunities Fund I N/A 43800KAA5 150156.30000000 PA USD 151975.41000000 0.263083919157 Long ABS-MBS CORP US N 2 2059-11-25 Variable 2.67500000 N N N N N N GLP CAPITAL LP / FIN II N/A 361841AJ8 55000.00000000 PA USD 59978.05000000 0.103827720928 Long DBT CORP US N 2 2025-06-01 Fixed 5.25000000 N N N N N N Amur Equipment Finance Receiva 549300LUWIM31186Z163 03237PAB9 230000.00000000 PA USD 230967.89000000 0.399827430640 Long ABS-O CORP US N 2 2026-03-20 Fixed 2.50000000 N N N N N N Verus Securitization Trust 549300KJ08SBZIO7LD46 92536BAA3 37881.43000000 PA USD 37908.96000000 0.065624022781 Long ABS-MBS CORP US N 2 2047-01-25 Variable 2.85300000 N N N N N N OneMain Financial Issuance Tru N/A 68267DAA4 215000.00000000 PA USD 218816.29000000 0.378791852897 Long ABS-O CORP US N 2 2031-02-14 Fixed 3.48000000 N N N N N N BXG Receivables Note Trust 549300IYSLLRKXUYO938 05606VAA6 50876.79010000 PA USD 50702.37000000 0.087770634803 Long ABS-O CORP US N 2 2028-12-04 Fixed 3.01000000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397XQ1 360000.00000000 PA USD 355500.00000000 0.615404381936 Long DBT CORP US N 2 2021-01-15 Fixed 3.20000000 N N N N N N Exeter Automobile Receivables N/A 30167GAE0 220000.00000000 PA USD 221786.42000000 0.383933431004 Long ABS-O CORP US N 2 2024-09-16 Fixed 2.44000000 N N N N N N USASF Receivables LLC 549300P0OJXVYBPHN411 90352VAB2 305000.00000000 PA USD 308732.29000000 0.534445018597 Long ABS-O CORP US N 2 2022-12-15 Fixed 3.99000000 N N N N N N Hardee's Funding N/A 411707AB8 201412.50000000 PA USD 204945.28000000 0.354779812571 Long ABS-O CORP US N 2 2048-06-20 Fixed 4.25000000 N N N N N N Deephaven Residential Mortgage N/A 24380RAA8 243067.92000000 PA USD 244411.45000000 0.423099514276 Long ABS-MBS CORP US N 2 2059-01-25 Variable 3.74300000 N N N N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 808513BD6 109000.00000000 PA USD 116719.38000000 0.202052371051 Long DBT CORP US N 2 N/A Fixed 5.37500000 N N N N N N Hertz Vehicle Financing LLC 549300FPK70TCB78NG05 42806DAH2 81171.67000000 PA USD 80124.48000000 0.138703111370 Long ABS-O CORP US N 2 2021-09-25 Fixed 2.67000000 N N N N N N REPUBLIC OF TURKEY 5493000PCHOG3B6S3Q85 900123AW0 185000.00000000 PA USD 195314.31000000 0.338107685594 Long DBT NUSS TR N 2 2025-02-05 Fixed 7.37500000 N N N N N N DELL INT LLC / EMC CORP N/A 24703DAY7 145000.00000000 PA USD 156475.49000000 0.270873986530 Long DBT CORP US N 2 2024-07-15 Fixed 4.00000000 N N N N N N Welk Resorts LLC 549300TIITBU8G1Z5089 949458AA1 122395.07000000 PA USD 121992.70000000 0.211180990560 Long ABS-O CORP US N 2 2031-06-16 Fixed 2.79000000 N N N N N N REPUBLIC OF INDONESIA 529900FWX0GRR7WG5W79 455780BQ8 200000.00000000 PA USD 227266.43000000 0.393419850602 Long DBT NUSS ID N 2 2024-01-15 Fixed 5.87500000 N N N N N N TARGA RESOURCES PARTNERS N/A 87612BBJ0 85000.00000000 PA USD 84348.90000000 0.146015985011 Long DBT CORP US N 2 2026-04-15 Fixed 5.87500000 N N N N N N SABINE PASS LIQUEFACTION 549300KJYBG7C6WJYZ11 785592AH9 100000.00000000 PA USD 106611.91000000 0.184555377160 Long DBT CORP US N 2 2022-03-15 Fixed 6.25000000 N N N N N N Onslow Bay Financial LLC N/A 67098AAC3 186865.33000000 PA USD 195780.82000000 0.338915258866 Long ABS-MBS CORP US N 2 2048-11-25 Variable 4.50000000 N N N N N N Tricolor Auto Securitization T N/A 89614SAB5 304710.54000000 PA USD 306870.94000000 0.531222844345 Long ABS-O CORP US N 2 2022-02-15 Fixed 4.76000000 N N N N N N GCAT N/A 36166PAA6 453588.52330000 PA USD 459832.17000000 0.796013311879 Long ABS-MBS CORP US N 2 2059-02-25 Variable 2.98500000 N N N N N N AVID AUTOMOBILE RECEIVABLES TR 549300MXT4YCVL1BDV18 05367MAA5 51949.76000000 PA USD 52098.93000000 0.090188213266 Long ABS-O CORP US N 2 2023-08-15 Fixed 2.84000000 N N N N N N National City Mortgage Capital N/A 635419AE4 83819.71000000 PA USD 85207.11000000 0.147501628315 Long ABS-MBS CORP US N 2 2038-03-25 Fixed 6.00000000 N N N N N N BXG Receivables Note Trust 549300R4HW4HQYM9LE23 05606XAA2 269166.82000000 PA USD 263547.85000000 0.456226446525 Long ABS-O CORP US N 2 2030-05-02 Fixed 2.88000000 N N N N N N Fair Square Issuance Trust N/A 303394AA8 210000.00000000 PA USD 209585.42000000 0.362812337153 Long ABS-O CORP US N 2 2024-09-20 Fixed 2.90000000 N N N N N N Westgate Resorts 549300K8T4A858DBUE44 96033CAA0 75574.78000000 PA USD 75499.05000000 0.130696051201 Long ABS-O CORP US N 2 2028-12-20 Fixed 3.50000000 N N N N N N Centex Home Equity N/A 152314LE8 114668.94000000 PA USD 116747.96000000 0.202101845755 Long ABS-MBS CORP US N 2 2034-09-25 Variable 5.85000000 N N N N N N OneMain Direct Auto Receivable N/A 68268XAC5 250000.00000000 PA USD 251882.58000000 0.436032752364 Long ABS-O CORP US N 2 2025-10-14 Fixed 3.85000000 N N N N N N Ingersoll-Rand Services Co N/A 365556AU3 59850.00000000 PA USD 57194.46000000 0.099009061340 Long LON CORP US N 2 2027-02-28 Floating 2.73940000 N N N N N N Structured Asset Securities Co N/A 86359A5V1 140842.66000000 PA USD 133629.18000000 0.231324846488 Long ABS-MBS CORP US N 2 2033-11-25 Variable 3.84633000 N N N N N N CENTURYLINK INC 8M3THTGWLTYZVE6BBY25 156700BC9 30000.00000000 PA USD 29206.05000000 0.050558456115 Long DBT CORP US N 2 2027-02-15 Fixed 4.00000000 N N N N N N Verus Securitization Trust N/A 92535TAD9 180000.00000000 PA USD 179375.81000000 0.310516623030 Long ABS-MBS CORP US N 2 2058-06-01 Variable 4.42600000 N N N N N N Bayview Commercial Asset Trust N/A 07324YAC3 134702.18720000 PA USD 122068.87000000 0.211312848090 Long ABS-MBS CORP US N 2 2036-07-25 Floating 0.46450000 N N N N N N MYLAN NV 549300A0CD4KNFGIIS89 62854AAN4 215000.00000000 PA USD 240566.92000000 0.416444266432 Long DBT CORP NL N 2 2026-06-15 Fixed 3.95000000 N N N N N N Velocity Commercial Capital Lo N/A 92259LAB4 133892.45000000 PA USD 134826.94000000 0.233398283204 Long ABS-MBS CORP US N 2 2050-02-25 Variable 2.61000000 N N N N N N Galton Funding Mortgage Trust N/A 36418HAA0 163039.82000000 PA USD 164028.69000000 0.283949295609 Long ABS-MBS CORP US N 2 2060-01-25 Variable 2.31000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 912828ZF0 455000.00000000 PA USD 459914.35000000 0.796155573292 Long DBT UST US N 2 2025-03-31 Fixed 0.50000000 N N N N N N SIRIUS XM RADIO INC WP5O65E6BMU84LNO4227 82967NBE7 45000.00000000 PA USD 46208.70000000 0.079991663751 Long DBT CORP US N 2 2024-07-15 Fixed 4.62500000 N N N N N N VERIZON COMMUNICATIONS 2S72QS2UO2OESLG6Y829 92343VEP5 207000.00000000 PA USD 209664.14000000 0.362948608975 Long DBT CORP US N 2 2025-05-15 Floating 1.49238000 N N N N N N Homeward Opportunities Fund Tr N/A 43789AAA2 210486.74000000 PA USD 215266.09000000 0.372646118335 Long ABS-MBS CORP US N 2 2048-06-25 Variable 3.76600000 N N N N N N HP INC WHKXQACZ14C5XRO8LW03 40434LAA3 53000.00000000 PA USD 54767.83000000 0.094808333533 Long DBT CORP US N 2 2025-06-17 Fixed 2.20000000 N N N N N N GENESEE & WYOMIN 11/06/26 N/A 55316HAB1 24937.50000000 PA USD 24078.15000000 0.041681572486 Long LON CORP US N 2 2026-12-30 Floating 2.98450000 N N N N N N ARAMARK SERVICES 03/28/24 42YMHYH0XMHJEXDUB065 03852JAK7 202309.87000000 PA USD 192118.51000000 0.332575451209 Long LON CORP US N 2 2024-03-28 Floating 2.67490000 N N N N N N Aqua Finance Trust N/A 038370AA0 168378.97000000 PA USD 168216.47000000 0.291198741918 Long ABS-O CORP US N 2 2040-07-16 Fixed 3.14000000 N N N N N N Wells Fargo Mortgage Backed Se N/A 94981VAY3 37486.17000000 PA USD 37402.64000000 0.064747534604 Long ABS-MBS CORP US N 2 2034-07-25 Variable 3.31687600 N N N N N N DORIC NIMROD AIR 2012-1A N/A 258258AA0 331043.30930000 PA USD 306497.70000000 0.530576730333 Long DBT CORP GG N 2 2022-11-30 Fixed 5.12500000 N N N N N N JP MORGAN U.S. GOVERNMENT MONEY MARKET INSTITUTIONAL SHARES N/A 000000000 3828174.18000000 NS USD 3828174.18000000 6.626934360583 Long STIV RF US N 1 N N N GLS Auto Receivables Trust N/A 36255XAC7 235000.00000000 PA USD 243633.27000000 0.421752410530 Long ABS-O CORP US N 2 2024-07-15 Fixed 4.18000000 N N N N N N EXPEDIA GROUP INC N/A 30212PAS4 55000.00000000 PA USD 58706.77000000 0.101627014085 Long DBT CORP US N 2 2025-05-01 Fixed 6.25000000 N N N N N N SOFI CONSUMER LOAN PROGRAM TRU N/A 78471FAA0 17096.52850000 PA USD 17115.38000000 0.029628354009 Long ABS-O CORP US N 2 2025-12-26 Fixed 3.05000000 N N N N N N FREED ABS Trust N/A 30312JAB4 220000.00000000 PA USD 211197.12000000 0.365602343460 Long ABS-O CORP US N 2 2026-11-18 Fixed 3.19000000 N N N N N N Sutherland Commercial Mortgage N/A 86933YAA4 112294.92000000 PA USD 112793.17000000 0.195255727343 Long ABS-MBS CORP US N 2 2037-05-25 Variable 3.19200000 N N N N N N ARES CAPITAL CORP WEQ82666OJYSI5GUAB47 04010LAU7 195000.00000000 PA USD 196161.38000000 0.339574044496 Long DBT CORP US N 2 2023-02-10 Fixed 3.50000000 N N N N N N New Residential Mortgage Loan N/A 64829YAA8 60162.79000000 PA USD 60526.41000000 0.104776984351 Long ABS-MBS CORP US N 2 2049-01-25 Variable 3.67461000 N N N N N N Tidewater Auto Receivables Tru 549300045J2AQZL8DT48 88642MAC4 490980.75000000 PA USD 493768.34000000 0.854760056532 Long ABS-O CORP US N 2 2024-11-15 Fixed 3.45000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 172967LH2 215000.00000000 PA USD 216233.91000000 0.374321506996 Long DBT CORP US N 2 2022-04-25 Floating 1.95138000 N N N N N N MILEAGE PLUS HOLDINGS IN N/A 000000000 45000.00000000 PA USD 44723.48000000 0.077420606378 Long LON CORP US N 2 2027-06-25 Floating 6.25000000 N N N N N N BOEING CO RVHJWBXLJ1RFUBSY1F30 097023CU7 67000.00000000 PA USD 73993.58000000 0.128089939148 Long DBT CORP US N 2 2027-05-01 Fixed 5.04000000 N N N N N N WESCO DISTRIBUTION INC 549300I2CEZJG9N4AH67 95081QAN4 15000.00000000 PA USD 15834.45000000 0.027410942097 Long DBT CORP US N 2 2025-06-15 Fixed 7.12500000 N N N N N N Credit Suisse Mortgage Trust N/A 12647JBJ0 125115.96000000 PA USD 128306.37000000 0.222110555072 Long ABS-MBS CORP US N 2 2043-04-25 Variable 2.96696900 N N N N N N Arroyo Mortgage Trust N/A 042858AA8 113231.67000000 PA USD 116364.56000000 0.201438143814 Long ABS-MBS CORP US N 2 2049-04-25 Variable 3.34700000 N N N N N N Citigroup Mortgage Loan Trust N/A 17323MAA3 195011.09000000 PA USD 201519.86000000 0.348850084082 Long ABS-MBS CORP US N 2 2058-06-25 Variable 3.50000000 N N N N N N Westlake Automobile Receivable 5493000EWZKZ6H2PNY04 96042GAJ1 380000.00000000 PA USD 387224.64000000 0.670322757383 Long ABS-O CORP US N 2 2023-10-16 Fixed 3.61000000 N N N N N N NRG ENERGY INC 5E2UPK5SW04M13XY7I38 629377CK6 140000.00000000 PA USD 148723.20000000 0.257454033686 Long DBT CORP US N 2 2024-06-15 Fixed 3.75000000 N N N N N N VF CORP CWAJJ9DJ5Z7P057HV541 918204BA5 71000.00000000 PA USD 74824.54000000 0.129528410105 Long DBT CORP US N 2 2025-04-23 Fixed 2.40000000 N N N N N N Nexstar Broadcasting Inc 5493006PK6I4I2OOT688 65336RAW8 100865.63000000 PA USD 96309.03000000 0.166720109935 Long LON CORP US N 2 2026-09-19 Floating 3.67360000 N N N N N N SS&C Technologies Inc 549300KY09TR3J12JU49 78466DBF0 59845.96000000 PA USD 57323.15000000 0.099231835995 Long LON CORP US N 2 2025-04-16 Floating 1.91950000 N N N N N N First Investors Auto Owner Tru N/A 32058NAJ2 145000.00000000 PA USD 147439.71000000 0.255232190169 Long ABS-O CORP US N 2 2023-04-17 Fixed 3.60000000 N N N N N N KRAFT HEINZ FOODS CO 5493003STKEZ2S0RNU91 50077LBA3 105000.00000000 PA USD 109883.84000000 0.190219399831 Long DBT CORP US N 2 2027-05-15 Fixed 3.87500000 N N N N N N CNH INDUSTRIAL CAP LLC 549300PNSJ5B81UMVO28 12592BAJ3 280000.00000000 PA USD 298586.83000000 0.516882260395 Long DBT CORP US N 2 2024-01-15 Fixed 4.20000000 N N N N N N DT Auto Owner Trust 549300XVMF0FUK76JG97 23343GAE2 210000.00000000 PA USD 214552.19000000 0.371410289395 Long ABS-O CORP US N 2 2024-11-15 Fixed 3.61000000 N N N N N N CABLEVISION SYST 3HG2WD2W22M120IUNG49 64072UAE2 184513.68000000 PA USD 175201.27000000 0.303290096424 Long LON CORP US N 2 2025-07-17 Floating 3.09310000 N N N N N N DPL INC N/A 233293AQ2 250000.00000000 PA USD 253573.69000000 0.438960224950 Long DBT CORP US N 2 2029-04-15 Fixed 4.35000000 N N N N N ARDAGH PKG FIN/HLDGS USA N/A 03969AAN0 200000.00000000 PA USD 197114.00000000 0.341223120509 Long DBT CORP N/A N 2 2026-08-15 Fixed 4.12500000 N N N N N N GMRF Mortgage Acquisition Co., N/A 36416UAG0 313510.48040000 PA USD 323246.67000000 0.559570793711 Long ABS-MBS CORP US N 2 2056-07-25 Variable 3.50000000 N N N N N N HCA INC L3CJ6J7LJ2DX62FTXD46 404119BR9 130000.00000000 PA USD 139627.15000000 0.241707904211 Long DBT CORP US N 2 2025-02-01 Fixed 5.37500000 N N N N N N Verus Securitization Trust N/A 92537BAA2 111382.65470000 PA USD 114364.51000000 0.197975866644 Long ABS-MBS CORP US N 2 2058-10-25 Variable 4.10800000 N N N N N N Residential Mortgage Loan Trus N/A 76119MAA7 165129.21000000 PA USD 166874.72000000 0.288876044788 Long ABS-MBS CORP US N 2 2058-10-25 Variable 3.93600000 N N N N N N Oportun Funding LLC 549300GGHBCT645S8T42 68376VAA2 390000.00000000 PA USD 393256.58000000 0.680764620414 Long ABS-O CORP US N 2 2024-07-08 Fixed 3.91000000 N N N N N N CLEAR CHANNEL OU 08/21/26 N/A 18452RAD7 109175.00000000 PA USD 99567.60000000 0.172361005172 Long LON CORP US N 2 2026-08-21 Floating 4.44660000 N N N N N N Deephaven Residential Mortgage N/A 24381FAC9 42713.71000000 PA USD 43186.70000000 0.074760293730 Long ABS-MBS CORP US N 2 2047-10-25 Variable 2.81300000 N N N N N N Lendmark Funding Trust N/A 52603JAA8 390000.00000000 PA USD 391882.06000000 0.678385195291 Long ABS-O CORP US N 2 2027-04-20 Fixed 4.23000000 N N N N N N VMWARE INC 549300BUDHS3LRWBE814 928563AD7 145000.00000000 PA USD 158815.31000000 0.274924437953 Long DBT CORP US N 2 2025-05-15 Fixed 4.50000000 N N N N N N BOARDWALK PIPELINES LP 549300W6AQ2GHHCGL606 096630AD0 150000.00000000 PA USD 160802.74000000 0.278364868701 Long DBT CORP US N 2 2024-12-15 Fixed 4.95000000 N N N N N N SANTANDER HOLDINGS USA 549300SMVCQN2P0O6I58 80282KAW6 240000.00000000 PA USD 252583.22000000 0.437245626980 Long DBT CORP US N 2 2024-06-07 Fixed 3.50000000 N N N N N N EQM MIDSTREAM PARTNERS L 549300NELT611CL6XM83 26885BAH3 20000.00000000 PA USD 20534.40000000 0.035547003489 Long DBT CORP US N 2 2027-07-01 Fixed 6.50000000 N N N N N N IND & COMM BK CHINA/NY 5493002ERZU2K9PZDL40 45580KAJ7 250000.00000000 PA USD 259721.10000000 0.449601977556 Long DBT CORP CN N 2 2022-11-08 Fixed 2.95700000 N N N N N N COMMONBOND STUDENT LOAN TRUST N/A 20268CAA6 184942.23000000 PA USD 192316.54000000 0.332918260013 Long ABS-O CORP US N 2 2047-01-25 Fixed 2.54000000 N N N N N N Foundation Finance Trust 549300RIQ1R4PTXR5G48 35040UAA9 202679.72490000 PA USD 204423.62000000 0.353876769393 Long ABS-O CORP US N 2 2033-07-15 Fixed 3.30000000 N N N N N N New Residential Mortgage Loan N/A 64828YAR2 103811.02000000 PA USD 111702.43000000 0.193367552447 Long ABS-MBS CORP US N 2 2054-05-25 Variable 3.75000000 N N N N N N Exeter Automobile Receivables N/A 30166PAE1 160000.00000000 PA USD 162252.86000000 0.280875164629 Long ABS-O CORP US N 2 2023-06-15 Fixed 3.71000000 N N N N N N MASTR Alternative Loans Trust N/A 576434QC1 182917.32000000 PA USD 190895.88000000 0.330458962153 Long ABS-MBS CORP US N 2 2034-04-25 Fixed 5.50000000 N N N N N N Consumer Loan Underlying Bond N/A 21052NAA0 63919.53000000 PA USD 64151.63000000 0.111052585683 Long ABS-O CORP US N 2 2025-10-15 Fixed 3.47000000 N N N N N N Centre Point Funding LLC CRYY0P1QBVL5M2COWL45 151608AB2 5464.69930000 PA USD 5458.54000000 0.009449252981 Long ABS-O CORP US N 2 2021-08-20 Fixed 2.61000000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 61746BEC6 445000.00000000 PA USD 450541.22000000 0.779929791929 Long DBT CORP US N 2 2023-10-24 Floating 2.42025000 N N N N N N Tesla Auto Lease Trust N/A 88161NAB5 310000.00000000 PA USD 316307.51000000 0.547558446394 Long ABS-O CORP US N 2 2021-10-20 Fixed 4.12000000 N N N N N N SPRINT SPECTRUM / SPEC I N/A 85208NAD2 200000.00000000 PA USD 217773.00000000 0.376985818473 Long DBT CORP US N 2 2025-03-20 Fixed 4.73800000 N N N N N N SPRINT CORP 549300ZTTY7CXOLJ6539 85207UAF2 75000.00000000 PA USD 84562.13000000 0.146385106463 Long DBT CORP US N 2 2023-09-15 Fixed 7.87500000 N N N N N N PETROLEOS MEXICANOS 549300CAZKPF4HKMPX17 71654QCD2 180000.00000000 PA USD 173133.90000000 0.299711281917 Long DBT CORP MX N 2 2023-09-21 Fixed 4.62500000 N N N N N N ISTAR INC QFFLKWYYS3UPWD86E794 45031UCG4 70000.00000000 PA USD 63525.00000000 0.109967829430 Long DBT CORP US N 2 2025-08-01 Fixed 4.25000000 N N N N N N SANTANDER HOLDINGS USA 549300SMVCQN2P0O6I58 80282KAT3 205000.00000000 PA USD 211171.73000000 0.365558390950 Long DBT CORP US N 2 2022-03-28 Fixed 3.70000000 N N N N N N Flagship Credit Auto Trust N/A 33843FAE8 210000.00000000 PA USD 211267.60000000 0.365724351058 Long ABS-O CORP US N 2 2026-01-15 Fixed 2.24000000 N N N N N N GARDNER DENVER INC 549300MJL50HVCB7RP74 365556AW9 5000.00000000 PA USD 4871.88000000 0.008433688608 Long LON CORP US N 2 2027-02-28 Floating 2.94010000 N N N N N N Credit Acceptance Auto Loan Tr N/A 22535AAA3 280000.00000000 PA USD 286675.51000000 0.496262630233 Long ABS-O CORP US N 2 2028-02-15 Fixed 3.33000000 N N N N N N SYNCHRONY FINANCIAL 549300RS7EWPM9MA6C78 87165BAN3 315000.00000000 PA USD 329878.65000000 0.571051383170 Long DBT CORP US N 2 2024-03-19 Fixed 4.37500000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 46625HKK5 430000.00000000 PA USD 407925.95000000 0.706158697990 Long DBT CORP US N 2 N/A Floating 4.48663000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06051GHB8 153000.00000000 PA USD 151103.16000000 0.261573971275 Long DBT CORP US N 2 2026-02-05 Floating 1.31088000 N N N N N N MVW Owner Trust N/A 55389PAA7 194526.22000000 PA USD 198274.43000000 0.343231935437 Long ABS-O CORP US N 2 2036-11-20 Fixed 2.89000000 N N N N N N VALEANT PHARMACEUTICALS INTERNATIONAL INC KOO0397YRO83WY5MGD97 000000000 253000.63000000 PA USD 246613.63000000 0.426911697741 Long LON CORP US N 2 2025-06-01 Floating 5.50250000 N N N N N N Upstart Securitization Trust 549300PN2KS41LBX8D66 916780AA7 123708.42000000 PA USD 124241.84000000 0.215074466261 Long ABS-O CORP US N 2 2029-09-20 Fixed 2.89700000 N N N N N N MVW Owner Trust 549300Y5CF8WQOLGBR17 55388PAB6 103521.02000000 PA USD 101188.90000000 0.175167629995 Long ABS-O CORP US N 2 2032-12-20 Fixed 2.96000000 N N N N N N ILFC (DELOS FINA 549300HX549YWOJQT076 000000000 153300.00000000 PA USD 147215.52000000 0.254844095912 Long LON CORP LU N 2 2023-10-06 Floating 2.64600000 N N N N N N EXELON CORP 3SOUA6IRML7435B56G12 30161NAW1 212000.00000000 PA USD 221929.76000000 0.384181566205 Long DBT CORP US N 2 2022-06-01 Variable 3.49700000 N N N N N N MICROCHIP TECHNOLOGY INC 5493007PTFULNYZJ1R12 595017AQ7 150000.00000000 PA USD 154509.33000000 0.267470376180 Long DBT CORP US N 2 2023-09-01 Fixed 2.67000000 N N N N N N KESTREL BIDCO INC12/11/26 N/A 000000000 69650.00000000 PA USD 56590.63000000 0.097963774060 Long LON CORP CA N 2 2026-12-11 Floating 4.00000000 N N N N N N MARRIOTT OWNERSHIP RESOR BW4532OH033VURR0IT68 57164PAG1 40000.00000000 PA USD 41075.00000000 0.071104739769 Long DBT CORP US N 2 2025-09-15 Fixed 6.12500000 N N N N N N American Credit Acceptance Rec N/A 02530DAC0 205000.00000000 PA USD 208224.92000000 0.360457181986 Long ABS-O CORP US N 2 2025-06-12 Fixed 3.17000000 N N N N N N AVIATION CAPITAL GROUP 549300ODEK8HY3445C77 05369AAC5 306000.00000000 PA USD 290959.78000000 0.503679109927 Long DBT CORP US N 2 2023-05-01 Fixed 3.87500000 N N N N N N ACC Trust N/A 00085MAA7 109344.04000000 PA USD 110163.40000000 0.190703344835 Long ABS-O CORP US N 2 2022-05-20 Fixed 3.75000000 N N N N N N Flagship Credit Auto Trust N/A 33843NAE1 3852.38000000 PA USD 3857.79000000 0.006678202167 Long ABS-O CORP US N 2 2022-09-15 Fixed 3.84000000 N N N N N N Orange Lake Timeshare Trust N/A 68504UAB7 165727.18000000 PA USD 158296.14000000 0.274025705202 Long ABS-O CORP US N 2 2038-04-09 Fixed 3.36000000 N N N N N N NMEF Funding LLC N/A 65489MAB0 175000.00000000 PA USD 177558.08000000 0.307369959156 Long ABS-O CORP US N 2 2026-08-17 Fixed 3.06000000 N N N N N N United Auto Credit Securitizat N/A 90945QAD3 205000.00000000 PA USD 206860.01000000 0.358094392690 Long ABS-O CORP US N 2 2024-08-12 Fixed 3.47000000 N N N N N N CNOOC FINANCE 2013 LTD 5493006KAH3PSSMCES09 12625GAC8 200000.00000000 PA USD 208940.05000000 0.361695140174 Long DBT CORP VG N 2 2023-05-09 Fixed 3.00000000 N N N N N N Structured Asset Securities Co N/A 86359BHJ3 341255.98000000 PA USD 358491.05000000 0.620582174556 Long ABS-MBS CORP US N 2 2034-02-25 Variable 5.15193100 N N N N N N SKOPOS AUTO RECEIVABLES TRUST N/A 83085DAC9 180000.00000000 PA USD 174067.11000000 0.301326757369 Long ABS-O CORP US N 2 2024-09-16 Fixed 3.63000000 N N N N N N Citigroup Mortgage Loan Trust N/A 17322GAA7 232188.10970000 PA USD 245408.88000000 0.424826160669 Long ABS-MBS CORP US N 2 2035-01-25 Variable 4.00000000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141EB81 170000.00000000 PA USD 172714.52000000 0.298985295167 Long DBT CORP US N 2 2023-11-29 Floating 1.96250000 N N N N N N Citigroup Mortgage Loan Trust N/A 17324VAH7 123619.34000000 PA USD 127680.40000000 0.221026941342 Long ABS-MBS CORP US N 2 2042-09-25 Variable 3.75000000 N N N N N N LIVE NATION ENTERTAINMEN 5493007B9BM9ZXJINO78 538034AR0 25000.00000000 PA USD 21565.13000000 0.037331295355 Long DBT CORP US N 2 2027-10-15 Fixed 4.75000000 N N N N N N REYNOLDS CONSUME 01/29/27 N/A 76171JAB7 19950.00000000 PA USD 19280.18000000 0.033375829132 Long LON CORP US N 2 2027-02-04 Floating 2.73450000 N N N N N N Towd Point Asset Funding, LLC N/A 89178AAA4 97494.44000000 PA USD 96112.05000000 0.166379118781 Long ABS-MBS CORP US N 2 2048-04-25 Floating 1.08450000 N N N N N N Credit Suisse First Boston Mor N/A 22541SXJ2 17928.37000000 PA USD 18041.46000000 0.031231486752 Long ABS-MBS CORP US N 2 2034-09-25 Variable 3.85265800 N N N N N N GSR Mortgage Loan Trust N/A 36228F4R4 124052.43460000 PA USD 119569.23000000 0.206985733014 Long ABS-MBS CORP US N 2 2034-06-25 Variable 2.80108800 N N N N N N New Residential Mortgage Loan N/A 64829DAG1 180584.16590000 PA USD 194131.70000000 0.336060474972 Long ABS-MBS CORP US N 2 2054-11-25 Variable 3.75000000 N N N N N N HP INC WHKXQACZ14C5XRO8LW03 40434LAB1 95000.00000000 PA USD 99752.64000000 0.172681327048 Long DBT CORP US N 2 2027-06-17 Fixed 3.00000000 N N N N N N American Credit Acceptance Rec N/A 02530AAE2 338925.05000000 PA USD 341267.43000000 0.590766446790 Long ABS-O CORP US N 2 2024-10-15 Fixed 3.75000000 N N N N N N ALTRIA GROUP INC XSGZFLO9YTNO9VCQV219 02209SBB8 158000.00000000 PA USD 172869.08000000 0.299252853258 Long DBT CORP US N 2 2024-02-14 Fixed 3.80000000 N N N N N N Virgin Media Bristol LLC N/A 000000000 145000.00000000 PA USD 138855.63000000 0.240372329559 Long LON CORP US N 2 2028-01-31 Floating 4.16900000 N N N N N N OPEN TEXT CORP 549300HP7ONDQODZJV16 683715AC0 140000.00000000 PA USD 135034.20000000 0.233757070017 Long DBT CORP CA N 2 2028-02-15 Fixed 3.87500000 N N N N N N RCKT Mortgage Trust 2020-1 N/A 749389AA0 169537.32000000 PA USD 174744.25000000 0.302498951246 Long ABS-MBS CORP US N 2 2050-02-25 Variable 3.00000000 N N N N N N BCC Funding CORP N/A 05492MAC9 220000.00000000 PA USD 221718.20000000 0.383815335682 Long ABS-O CORP US N 2 2024-09-20 Fixed 2.64000000 N N N N N N CITADEL LP N/A 17288XAB0 75000.00000000 PA USD 77518.26000000 0.134191496157 Long DBT CORP US N 2 2027-01-15 Fixed 4.87500000 N N N N N N MGM GROWTH/MGM FINANCE N/A 55303XAK1 20000.00000000 PA USD 19632.60000000 0.033985901740 Long DBT CORP US N 2 2025-06-15 Fixed 4.62500000 N N N N N N DT Auto Owner Trust N/A 23342WAE8 172742.99520000 PA USD 173549.01000000 0.300429876890 Long ABS-O CORP US N 2 2023-12-15 Fixed 3.47000000 N N N N N N JP Morgan Mortgage Trust N/A 46644XAC6 251251.66000000 PA USD 258652.93000000 0.447752873481 Long ABS-MBS CORP US N 2 2045-05-25 Variable 2.75536500 N N N N N N Exeter Automobile Receivables N/A 30166EAG1 175000.00000000 PA USD 182297.96000000 0.315575143184 Long ABS-O CORP US N 2 2024-09-16 Fixed 4.35000000 N N N N N N JP Morgan Mortgage Trust N/A 466247NT6 267495.80000000 PA USD 255752.76000000 0.442732402802 Long ABS-MBS CORP US N 2 2035-04-25 Variable 3.64731100 N N N N N N GLS Auto Receivables Trust N/A 36257NAA1 171052.24340000 PA USD 172931.51000000 0.299360925538 Long ABS-O CORP US N 2 2023-04-17 Fixed 3.06000000 N N N N N N TRANSDIGM INC 88Q84GB3X55CF5OC7582 893647BE6 70000.00000000 PA USD 69947.15000000 0.121085183161 Long DBT CORP US N 2 2026-03-15 Fixed 6.25000000 N N N N N N iShares iBoxx High Yield Corporate Bond ETF N/A 464288513 8185.00000000 NS USD 668059.70000000 1.156475012025 Long EC RF US N 1 N N N NextGear Floorplan Master Owne N/A 65341KBA3 145000.00000000 PA USD 145760.90000000 0.252326010056 Long ABS-O CORP US N 2 2023-02-15 Fixed 3.22000000 N N N N N N Towd Point Mortgage Trust N/A 89171VAB3 250000.00000000 PA USD 261076.95000000 0.451949083129 Long ABS-MBS CORP US N 2 2055-05-25 Variable 3.50000000 N N N N N N VISTRA OPERATIONS CO LLC 549300ZH5GKBTJZ7NM23 92840VAD4 235000.00000000 PA USD 242691.56000000 0.420122220767 Long DBT CORP US N 2 2024-07-15 Fixed 3.55000000 N N N N N N PERRIGO FINANCE UNLIMITD 549300E86RB6YCTMRM83 714295AC6 200000.00000000 PA USD 212934.08000000 0.368609186766 Long DBT CORP IE N 2 2024-12-15 Fixed 3.90000000 N N N N N N PRUDENTIAL FINANCIAL INC 5PRBRS5FEH7NREC8OR45 744320AM4 84000.00000000 PA USD 89518.80000000 0.154965574643 Long DBT CORP US N 2 2043-06-15 Fixed 5.62500000 N N N N N N LEVEL 3 FINANCING INC N/A 527298BR3 85000.00000000 PA USD 85327.25000000 0.147709602105 Long DBT CORP US N 2 2028-07-01 Fixed 4.25000000 N N N N N N COMMSCOPE 549300Z6K4JXMFE8QY54 20337EAQ4 24812.50000000 PA USD 23592.59000000 0.040841021848 Long LON CORP US N 2 2026-04-04 Floating 4.68340000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141GVX9 170000.00000000 PA USD 172413.40000000 0.298464027748 Long DBT CORP US N 2 2027-10-28 Floating 2.63713000 N N N N N N TransDigm Inc 88Q84GB3X55CF5OC7582 89364MBS2 164938.17000000 PA USD 149968.38000000 0.259609558942 Long LON CORP US N 2 2024-08-22 Floating 3.23450000 N N N N N N Verus Securitization Trust N/A 92537FAA3 220548.01000000 PA USD 226463.46000000 0.392029833002 Long ABS-MBS CORP US N 2 2059-12-25 Variable 3.40200000 N N N N N N New Residential Mortgage Loan N/A 64829HAA5 416999.71000000 PA USD 445717.81000000 0.771580009510 Long ABS-MBS CORP US N 2 2056-09-25 Variable 3.75000000 N N N N N N Hertz Vehicle Financing LLC 549300FPK70TCB78NG05 42806DBC2 236586.88000000 PA USD 233272.84000000 0.403817518769 Long ABS-O CORP US N 2 2022-07-25 Fixed 2.65000000 N N N N N N SOFI CONSUMER LOAN PROGRAM TRU N/A 78471WAB1 161854.70000000 PA USD 163187.48000000 0.282493080925 Long ABS-O CORP US N 2 2027-04-26 Fixed 3.35000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 94974BFY1 140000.00000000 PA USD 158005.99000000 0.273523427899 Long DBT CORP US N 2 2026-06-03 Fixed 4.10000000 N N N N N N NextGear Floorplan Master Owne N/A 65341KAX4 283000.00000000 PA USD 284129.11000000 0.491854569141 Long ABS-O CORP US N 2 2022-10-17 Fixed 2.56000000 N N N N N N SERVICE PROPERTIES TRUST 529900IS770AG1K9QG27 44106MAS1 195000.00000000 PA USD 176340.06000000 0.305261450449 Long DBT CORP US N 2 2024-03-15 Fixed 4.65000000 N N N N N N ASHTEAD CAPITAL INC 213800J1134IW58IC398 045054AF0 200000.00000000 PA USD 206072.00000000 0.356730272276 Long DBT CORP US N 2 2027-08-15 Fixed 4.37500000 N N N N N N INEOS US FINANCE 5493008MHJ4R367SNK31 45672JAK6 242617.42000000 PA USD 230562.97000000 0.399126475528 Long LON CORP US N 2 2024-03-31 Floating 3.74100000 N N N N N N Orange Lake Timeshare Trust N/A 68504TAA2 106145.14000000 PA USD 105662.98000000 0.182912688890 Long ABS-O CORP US N 2 2027-09-08 Fixed 2.88000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95000U2R3 120000.00000000 PA USD 121949.34000000 0.211105930267 Long DBT CORP US N 2 2024-06-02 Fixed 1.65400000 N N N N N N First Investors Auto Owner Tru N/A 32059TAE9 305000.00000000 PA USD 312977.34000000 0.541793604733 Long ABS-O CORP US N 2 2025-03-17 Fixed 3.26000000 N N N N N N Conn Funding II, L.P N/A 20826JAB4 49114.88000000 PA USD 48587.32000000 0.084109281672 Long ABS-O CORP US N 2 2023-01-15 Fixed 4.65000000 N N N N N N Exeter Automobile Receivables N/A 30165YAC7 118587.19000000 PA USD 119047.43000000 0.206082447483 Long ABS-O CORP US N 2 2022-09-15 Fixed 2.81000000 N N N N N N GENERAL ELECTRIC CO 3C7474T6CDKPR9K6YT90 369604BQ5 175000.00000000 PA USD 136957.11000000 0.237085810496 Long DBT CORP US N 2 N/A Fixed 5.00000000 N N N N N N COLT Funding LLC N/A 12597KAA7 125017.72000000 PA USD 126687.86000000 0.219308760006 Long ABS-MBS CORP US N 2 2050-02-25 Variable 2.48800000 N N N N N N Octane Receivables Trust N/A 67576TAA7 122013.43000000 PA USD 121657.71000000 0.210601090943 Long ABS-O CORP US N 2 2023-09-20 Fixed 3.16000000 N N N N N N TRI POINTE GROUP / HOMES N/A 962178AN9 190000.00000000 PA USD 195824.45000000 0.338990786554 Long DBT CORP US N 2 2024-06-15 Fixed 5.87500000 N N N N N N WAMU Mortgage Pass-Through Cer N/A 9292274D5 84344.38170000 PA USD 83234.98000000 0.144087683325 Long ABS-MBS CORP US N 2 2033-06-25 Variable 3.10138700 N N N N N N BANK OF NY MELLON CORP WFLLPEPC7FZXENRZV188 064058AD2 360000.00000000 PA USD 341564.18000000 0.591280149323 Long DBT CORP US N 2 N/A Floating 3.72638000 N N N N N N Credit Suisse Mortgage Trust N/A 12648HAK1 339406.40000000 PA USD 357645.96000000 0.619119243223 Long ABS-MBS CORP US N 2 2044-04-25 Variable 3.76213200 N N N N N N CITIBANK, NATIONAL ASSOCIATION E57ODZWZ7FF32TWEFA76 000000000 49826.00000000 PA USD 49826.00000000 0.086253554808 Long RA CORP US N 2 Repurchase Y 0.09000000 2020-07-01 103789.66464328 USD 47413.88864615 USD AMBS 1326.32206582 USD 938.83742137 USD UST 1938.97879000 USD 2506.07900944 USD ADAS N N Diamond Resorts Owner Trust N/A 252722AB9 156455.33000000 PA USD 150392.72000000 0.260344131924 Long ABS-O CORP US N 2 2032-02-20 Fixed 3.53000000 N N N N N N Kabbage Funding LLC N/A 48283PAE1 64685.19000000 PA USD 63945.21000000 0.110695252989 Long ABS-O CORP US N 2 2024-03-15 Fixed 3.82500000 N N N N N N Aristocrat International Pty Ltd 549300FMN7FEICZ8D332 000000000 15000.00000000 PA USD 14915.63000000 0.025820377106 Long LON CORP US N 2 2024-10-19 Floating 4.75000000 N N N N N N COLT Funding LLC N/A 19687VAA9 77060.15000000 PA USD 77957.01000000 0.134951014224 Long ABS-MBS CORP US N 2 2048-07-27 Variable 3.47000000 N N N N N N GS Mortgage Securities Trust N/A 36258YBL1 175000.00000000 PA USD 189158.94000000 0.327452153469 Long ABS-MBS CORP US N 2 2053-02-13 Fixed 3.17310000 N N N N N N CPS Auto Trust N/A 12656CAE5 170000.00000000 PA USD 174542.03000000 0.302148889153 Long ABS-O CORP US N 2 2026-04-15 Fixed 3.30000000 N N N N N N TORONTO-DOMINION BANK PT3QB789TSUIDF371261 89114QCA4 57000.00000000 PA USD 61029.23000000 0.105647413693 Long DBT CORP CA N 2 2024-06-12 Fixed 2.65000000 N N N N N N New Residential Mortgage Loan N/A 64829LAA6 288318.18000000 PA USD 308595.48000000 0.534208187447 Long ABS-MBS CORP US N 2 2056-11-25 Variable 3.75000000 N N N N N N GLS Auto Receivables Trust N/A 36258AAB6 220000.00000000 PA USD 222851.29000000 0.385776822464 Long ABS-O CORP US N 2 2024-06-17 Fixed 2.72000000 N N N N N N MASTR Alternative Loans Trust N/A 576434J39 121989.85440000 PA USD 130536.11000000 0.225970447524 Long ABS-MBS CORP US N 2 2035-01-25 Fixed 6.00000000 N N N N N N AERCAP IRELAND CAP/GLOBA N/A 00772BAR2 150000.00000000 PA USD 150114.17000000 0.259861935326 Long DBT CORP IE N 2 2022-02-01 Fixed 3.95000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 912828C57 880000.00000000 PA USD 893750.00000000 1.547166431380 Long DBT UST US N 2 2021-03-31 Fixed 2.25000000 N N N N N N GSR Mortgage Loan Trust N/A 36228FPE0 141429.29600000 PA USD 148191.50000000 0.256533610311 Long ABS-MBS CORP US N 2 2033-04-25 Fixed 6.00000000 N N N N N N STATE OF QATAR 52990074F6OJOAXK4P65 74727PBC4 200000.00000000 PA USD 218000.80000000 0.377380161984 Long DBT NUSS QA N 2 2025-04-16 Fixed 3.40000000 N N N N N N First Investors Auto Owner Tru N/A 32057HAG2 290842.80000000 PA USD 292075.45000000 0.505610441029 Long ABS-O CORP US N 2 2022-07-15 Fixed 2.53000000 N N N N N N SPRUCE HILL MORTGAGE LOAN TRUS N/A 85211XAA1 107411.17000000 PA USD 108574.06000000 0.187952045818 Long ABS-MBS CORP US N 2 2049-04-29 Variable 3.39500000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 9128286B1 235000.00000000 PA USD 275422.75000000 0.476783030196 Long DBT UST US N 2 2029-02-15 Fixed 2.62500000 N N N N N N Taco Bell Funding, LLC N/A 87342RAC8 169750.00000000 PA USD 180450.12000000 0.312376356030 Long ABS-O CORP US N 2 2046-05-25 Fixed 4.97000000 N N N N N N CCG Receivables Trust N/A 12510FAC8 210000.00000000 PA USD 211791.59000000 0.366631427688 Long ABS-O CORP US N 2 2027-03-15 Fixed 2.55000000 N N N N N N CROWNROCK LP/CROWNROCK F N/A 228701AF5 60000.00000000 PA USD 53961.90000000 0.093413191892 Long DBT CORP US N 2 2025-10-15 Fixed 5.62500000 N N N N N N MASTR Specialized Loan Trust N/A 576436CN7 55761.33000000 PA USD 56095.03000000 0.097105843226 Long ABS-MBS CORP US N 2 2035-11-25 Variable 5.70400000 N N N N N N Verus Securitization Trust N/A 92537GAA1 424830.30350000 PA USD 433713.59000000 0.750799560594 Long ABS-MBS CORP US N 2 2059-05-25 Variable 3.21100000 N N N N N N CONAGRA BRANDS INC 54930035UDEIH090K650 205887CA8 200000.00000000 PA USD 221312.65000000 0.383113289980 Long DBT CORP US N 2 2024-05-01 Fixed 4.30000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 48128BAG6 182000.00000000 PA USD 162662.50000000 0.281584290511 Long DBT CORP US N 2 N/A Fixed 4.60000000 N N N N N N ICAHN ENTERPRISES/FIN N/A 451102BT3 140000.00000000 PA USD 140425.60000000 0.243090097260 Long DBT CORP US N 2 2026-05-15 Fixed 6.25000000 N N N N N N LEIDOS INC 5493006I78VIN6J1BQ95 52532XAC9 119000.00000000 PA USD 130196.12000000 0.225381892430 Long DBT CORP US N 2 2025-05-15 Fixed 3.62500000 N N N N N N AVOLON HOLDINGS FNDG LTD 635400ZRKEX9L1BKCH30 05401AAF8 249000.00000000 PA USD 216529.03000000 0.374832387843 Long DBT CORP KY N 2 2024-07-01 Fixed 3.95000000 N N N N N N TRIP Rail Master Funding LLC 5493004VSVYOZVEYVJ29 89690EAF4 237385.84000000 PA USD 237793.79000000 0.411643714101 Long ABS-O CORP US N 2 2047-08-15 Fixed 2.70900000 N N N N N N BAYVIEW OPPORTUNITY MASTER FUN N/A 07331YAA8 264360.72510000 PA USD 270433.94000000 0.468146924614 Long ABS-MBS CORP US N 2 2055-01-28 Variable 3.50000000 N N N N N N TENET HEALTHCARE CORP 0W9AIBT6U6ADJ2I8HK17 88033GDE7 10000.00000000 PA USD 10681.25000000 0.018490261756 Long DBT CORP US N 2 2025-04-01 Fixed 7.50000000 N N N N N N GENERAL MOTORS CO 54930070NSV60J38I987 37045VAV2 120000.00000000 PA USD 134992.95000000 0.233685662336 Long DBT CORP US N 2 2025-10-01 Fixed 6.12500000 N N N N N N BP CAPITAL MARKETS PLC 549300CRVT18MXX0AG93 05565QDV7 80000.00000000 PA USD 82800.00000000 0.143334691488 Long DBT CORP GB N 2 N/A Fixed 4.87500000 N N N N N N American Credit Acceptance Rec N/A 02528CAC6 155000.00000000 PA USD 156091.77000000 0.270209730639 Long ABS-O CORP US N 2 2023-04-12 Fixed 3.32000000 N N N N N N EQM MIDSTREAM PARTNERS L 549300NELT611CL6XM83 26885BAF7 15000.00000000 PA USD 15231.30000000 0.026366831962 Long DBT CORP US N 2 2025-07-01 Fixed 6.00000000 N N N N N Onslow Bay Financial LLC N/A 67113AAP5 134921.41000000 PA USD 138929.66000000 0.240500482545 Long ABS-MBS CORP US N 2 2059-10-25 Variable 3.50000000 N N N N N N GLS Auto Receivables Trust N/A 38014RAC8 180000.00000000 PA USD 185295.31000000 0.320763841705 Long ABS-O CORP US N 2 2025-06-16 Fixed 3.16000000 N N N N N N NAVIENT CORP 54930067J0ZNOEBRW338 63938CAB4 170000.00000000 PA USD 160224.15000000 0.277363274267 Long DBT CORP US N 2 2024-10-25 Fixed 5.87500000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 61746BDQ6 275000.00000000 PA USD 304252.23000000 0.526689607752 Long DBT CORP US N 2 2024-04-29 Fixed 3.87500000 N N N N N N ELANCO ANIMAL HEALTH INC 549300SHPNDCE059M934 000000000 15000.00000000 PA USD 14343.75000000 0.024830398321 Long LON CORP US N 2 2027-02-04 Floating 1.94010000 N N N N N N SOFI CONSUMER LOAN PROGRAM TRU N/A 83405AAA2 59703.26000000 PA USD 59923.03000000 0.103732476064 Long ABS-O CORP US N 2 2026-01-26 Fixed 3.28000000 N N N N N N AVANGRID INC 549300OX0Q38NLSKPB49 05351WAC7 93000.00000000 PA USD 101819.53000000 0.176259310629 Long DBT CORP US N 2 2025-04-15 Fixed 3.20000000 N N N N N N SG Capital Partners N/A 78432BAA7 170192.61000000 PA USD 172016.90000000 0.297777648458 Long ABS-MBS CORP US N 2 2059-09-25 Variable 2.70300000 N N N N N N TENET HEALTHCARE CORP 0W9AIBT6U6ADJ2I8HK17 88033GCY4 105000.00000000 PA USD 102403.35000000 0.177269958691 Long DBT CORP US N 2 2026-01-01 Fixed 4.87500000 N N N N N N MVW Owner Trust N/A 55400DAA9 187271.36000000 PA USD 187594.08000000 0.324743231666 Long ABS-O CORP US N 2 2038-10-20 Fixed 2.22000000 N N N N N N GSAA Home Equity Trust N/A 36242DSS3 2580.67000000 PA USD 2581.74000000 0.004469238000 Long ABS-MBS CORP US N 2 2034-11-25 Variable 5.61900000 N N N N N N CPS Auto Trust N/A 22411XAD6 210000.00000000 PA USD 215853.46000000 0.373662911786 Long ABS-O CORP US N 2 2024-09-16 Fixed 4.34000000 N N N N N N Westlake Automobile Receivable N/A 96042FAF1 215000.00000000 PA USD 218619.37000000 0.378450965609 Long ABS-O CORP US N 2 2024-01-16 Fixed 4.00000000 N N N N N N HP ENTERPRISE CO 549300BX44RGX6ANDV88 42824CBE8 180000.00000000 PA USD 185465.07000000 0.321057712444 Long DBT CORP US N 2 2023-04-01 Fixed 2.25000000 N N N N N N REPUBLIC OF SOUTH AFRICA 378900AAFB4F17004C49 836205AR5 200000.00000000 PA USD 212656.00000000 0.368127803783 Long DBT NUSS ZA N 2 2025-09-16 Fixed 5.87500000 N N N N N N DT Auto Owner Trust N/A 23343JAE6 220000.00000000 PA USD 222494.45000000 0.385159098414 Long ABS-O CORP US N 2 2025-07-15 Fixed 2.73000000 N N N N N N RCO Mortgage LLC N/A 74937LAA4 173054.63000000 PA USD 173862.31000000 0.300972229050 Long ABS-MBS CORP US N 2 2024-05-24 Variable 3.72100000 N N N N N N T-Mobile USA Inc 549300V2JRLO5DIFGE82 87265VAF5 175000.00000000 PA USD 174920.38000000 0.302803849063 Long LON CORP US N 2 2027-04-01 Floating 3.30340000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 912828ZR4 1110000.00000000 PA USD 1109262.89000000 1.920239784037 Long DBT UST US N 2 2022-05-31 Fixed 0.12500000 N N N N N N Citigroup Mortgage Loan Trust 549300R1KUK063S4I339 17326QAA1 150501.92000000 PA USD 157316.38000000 0.272329647264 Long ABS-MBS CORP US N 2 2064-09-25 Variable 3.00000000 N N N N N N DTE ENERGY CO 549300IX8SD6XXD71I78 233331AW7 179000.00000000 PA USD 187527.76000000 0.324628425425 Long DBT CORP US N 2 2024-10-01 Variable 2.52900000 N N N N N N American Credit Acceptance Rec N/A 02529MAE9 380000.00000000 PA USD 386015.10000000 0.668228928364 Long ABS-O CORP US N 2 2025-01-13 Fixed 3.97000000 N N N N N N CarNow Auto Receivables Trust N/A 14366LAA0 106150.99000000 PA USD 106710.36000000 0.184725803493 Long ABS-O CORP US N 2 2022-11-15 Fixed 2.72000000 N N N N N N Drive Auto Receivables Trust N/A 26209WAF0 240000.00000000 PA USD 243867.98000000 0.422158715909 Long ABS-O CORP US N 2 2025-08-15 Fixed 2.90000000 N N N N N N GMRF Mortgage Acquisition Co., N/A 36418GAU8 73765.64000000 PA USD 75805.80000000 0.131227064686 Long ABS-MBS CORP US N 2 2058-10-25 Variable 4.50000000 N N N N N N Wells Fargo Mortgage Backed Se N/A 949803AA8 144126.88000000 PA USD 143622.88000000 0.248624893666 Long ABS-MBS CORP US N 2 2034-10-25 Variable 4.32608900 N N N N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ABH7 85000.00000000 PA USD 85252.45000000 0.147580116176 Long DBT CORP US N 2 2028-02-15 Fixed 2.05000000 N N N N N N ATHENE GLOBAL FUNDING 549300LM1QSI4MSIL320 04685A2M2 120000.00000000 PA USD 122478.07000000 0.212021212290 Long DBT CORP US N 2 2023-05-26 Fixed 2.80000000 N N N N N N TERRAFORM POWER OPERATIN 5493000S2OLR3UT5BE13 88104LAE3 100000.00000000 PA USD 104481.50000000 0.180867434405 Long DBT CORP US N 2 2028-01-31 Fixed 5.00000000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06051GGJ2 285000.00000000 PA USD 286550.44000000 0.496046122142 Long DBT CORP US N 2 2023-04-24 Floating 2.02025000 N N N N N N LINCOLN NATIONAL CORP EFQMQROEDSNBRIP7LE47 534187AU3 60000.00000000 PA USD 39554.70000000 0.068472955572 Long DBT CORP US N 2 2067-04-20 Floating 3.17525000 N N N N N N PENSKE TRUCK LEASING/PTL N/A 709599BC7 165000.00000000 PA USD 176349.74000000 0.305278207452 Long DBT CORP US N 2 2023-08-01 Fixed 4.12500000 N N N N N N CROWN CASTLE INTL CORP 54930012H97VSM0I2R19 228227BE3 230000.00000000 PA USD 245811.73000000 0.425523532414 Long DBT CORP US N 2 2022-04-15 Fixed 4.87500000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141GWC4 330000.00000000 PA USD 336430.99000000 0.582394108200 Long DBT CORP US N 2 2022-04-26 Fixed 3.00000000 N N N N N N Ajax Mortgage Loan Trust N/A 00969DAA8 201808.90000000 PA USD 202538.08000000 0.350612719946 Long ABS-MBS CORP US N 2 2056-09-25 Variable 3.16300000 N N N N N N HOWMET AEROSPACE INC 549300HO5WFZUT5N2T22 443201AA6 40000.00000000 PA USD 43438.54000000 0.075196252773 Long DBT CORP US N 2 2025-05-01 Fixed 6.87500000 N N N N N N JP Morgan Mortgage Trust 549300BV8AJIRLDGMR51 46641YAN3 364736.87000000 PA USD 374954.68000000 0.649082287199 Long ABS-MBS CORP US N 2 2029-06-25 Variable 3.34447600 N N N N N N Upstart Securitization Trust N/A 91678WAA7 154261.29000000 PA USD 155193.80000000 0.268655258985 Long ABS-O CORP US N 2 2030-01-21 Fixed 2.68400000 N N N N N N PSEG POWER LLC N/A 69362BBC5 330000.00000000 PA USD 357091.43000000 0.618159298942 Long DBT CORP US N 2 2023-06-01 Fixed 3.85000000 N N N N N N CAPITAL ONE FINANCIAL CO ZUE8T73ROZOF6FLBAR73 14040HBK0 190000.00000000 PA USD 207778.19000000 0.359683849780 Long DBT CORP US N 2 2026-07-28 Fixed 3.75000000 N N N N N N AXIS Equipment Finance Receiva 549300CLUTIE6U42KJ43 03236TAG1 135648.02610000 PA USD 136663.00000000 0.236576678055 Long ABS-O CORP US N 2 2023-12-20 Fixed 3.24000000 N N N N N N Washington Mutual MSC Mortgage N/A 939336J38 31568.84000000 PA USD 30580.03000000 0.052936946446 Long ABS-MBS CORP US N 2 2033-08-25 Variable 3.56891100 N N N N N N FREED ABS Trust 549300S83C1QQOPJBY76 35634BAB1 250000.00000000 PA USD 248294.85000000 0.429822049795 Long ABS-O CORP US N 2 2025-10-20 Fixed 4.61000000 N N N N N N HANESBRANDS INC GX5LWVWZLL5S4W1L2F20 410345AN2 115000.00000000 PA USD 116509.38000000 0.201688841037 Long DBT CORP US N 2 2025-05-15 Fixed 5.37500000 N N N N N N STATION CASINOS 02/08/27 N/A 85769EAZ4 49673.87920000 PA USD 45513.69000000 0.078788535201 Long LON CORP US N 2 2027-02-08 Floating 3.23450000 N N N N N N SCIENCE APPLICAT 03/12/27 N/A 80862QAG6 45849.59000000 PA USD 44817.97000000 0.077584177573 Long LON CORP US N 2 2027-03-12 Floating 3.23938080 N N N N N N BRE Grand Islander Timeshare I N/A 05584AAA8 255353.90000000 PA USD 253333.18000000 0.438543879217 Long ABS-O CORP US N 2 2029-05-25 Fixed 2.94000000 N N N N N N LHFC Depositor, LLC 549300VCHJCK9EK5QK41 501890AA5 315000.00000000 PA USD 314742.11000000 0.544848589799 Long ABS-MBS CORP US N 2 2023-10-25 Variable 4.58000000 N N N N N N BROADCOM INC 549300WV6GIDOZJTV909 11135FAT8 145000.00000000 PA USD 154515.13000000 0.267480416532 Long DBT CORP US N 2 2025-11-15 Fixed 3.15000000 N N N N N N BAT CAPITAL CORP 2138005GYEXN7XRHFA84 05526DAV7 255000.00000000 PA USD 264147.15000000 0.457263891943 Long DBT CORP US N 2 2022-08-15 Fixed 2.76400000 N N N N N N AmeriCredit Automobile Receiva 5493003R0K8V08JVGR27 03066HAG2 285000.00000000 PA USD 295345.50000000 0.511271209241 Long ABS-O CORP US N 2 2024-03-18 Fixed 3.82000000 N N N N N N DT Auto Owner Trust N/A 23343RAE8 165000.00000000 PA USD 170451.47000000 0.295067739931 Long ABS-O CORP US N 2 2026-03-16 Fixed 3.28000000 N N N N N N Credit Acceptance Auto Loan Tr 549300J9CNONESCISQ91 22534BAA2 148154.46000000 PA USD 149089.34000000 0.258087856922 Long ABS-O CORP US N 2 2027-02-16 Fixed 3.01000000 N N N N N N BX Trust N/A 12433UAG0 700000.00000000 PA USD 654579.87000000 1.133140141562 Long ABS-MBS CORP US N 2 2035-05-15 Floating 1.20475000 N N N N N N Homeward Opportunities Fund I N/A 43789EAA4 212990.32420000 PA USD 217370.53000000 0.376289104545 Long ABS-MBS CORP US N 2 2059-01-25 Variable 3.45400000 N N N N N N Santander Drive Auto Receivabl N/A 80284TAK1 12891.09000000 PA USD 12903.13000000 0.022336547799 Long ABS-O CORP US N 2 2022-05-16 Fixed 2.58000000 N N N N N N Marlette Funding Trust 549300Y3KZXU3NUCX480 57109HAA0 139638.91000000 PA USD 140913.34000000 0.243934421685 Long ABS-O CORP US N 2 2029-07-16 Fixed 3.13000000 N N N N N N Wells Fargo Mortgage Backed Se N/A 94981VAB3 102708.20000000 PA USD 102070.76000000 0.176694213703 Long ABS-MBS CORP US N 2 2034-07-25 Variable 3.00874300 N N N N N N BAYVIEW OPPORTUNITY MASTER FUN N/A 07332CAA5 132682.72000000 PA USD 137679.55000000 0.238336422990 Long ABS-MBS CORP US N 2 2057-07-28 Variable 3.50000000 N N N N N N Ellington Financial Mortgage T N/A 31573TAC2 85827.34000000 PA USD 86329.03000000 0.149443778763 Long ABS-MBS CORP US N 2 2059-11-25 Variable 3.04600000 N N N N N N STANLEY BLACK & DECKER I 549300DJ09SMTO561131 854502AM3 190000.00000000 PA USD 190298.35000000 0.329424580774 Long DBT CORP US N 2 2060-03-15 Fixed 4.00000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 9128286Y1 1650000.00000000 PA USD 1701304.69000000 2.945120566061 Long DBT UST US N 2 2022-06-15 Fixed 1.75000000 N N N N N N Consumer Loan Underlying Bond N/A 21054PAB1 97937.92000000 PA USD 98148.07000000 0.169903663450 Long ABS-O CORP US N 2 2026-10-15 Fixed 2.47000000 N N N N N N AXIS Equipment Finance Receiva 549300NOANH9X4RIOF97 03237JAB3 249933.07000000 PA USD 255453.04000000 0.442213558916 Long ABS-O CORP US N 2 2022-07-20 Fixed 3.89000000 N N N N N N Aqua Finance Trust N/A 038370AC6 195000.00000000 PA USD 174841.43000000 0.302667179088 Long ABS-O CORP US N 2 2040-07-16 Fixed 4.01000000 N N N N N N NCR CORP 08/28/26 N/A 62886VAP5 14962.31000000 PA USD 14513.44000000 0.025124147884 Long LON CORP US N 2 2026-08-28 Floating 3.48999840 N N N N N N APTIV CORP N/A 247126AJ4 215000.00000000 PA USD 229620.03000000 0.397494156518 Long DBT CORP US N 2 2024-03-15 Fixed 4.15000000 N N N N N N FLEX LTD 549300EAQH74YHD07T53 33938XAC9 116000.00000000 PA USD 123079.46000000 0.213062275697 Long DBT CORP SG N 2 2026-02-01 Fixed 3.75000000 N N N N N N LADDER CAP FIN LLLP/CORP N/A 505742AM8 105000.00000000 PA USD 84262.50000000 0.145866418376 Long DBT CORP US N 2 2027-02-01 Fixed 4.25000000 N N N N N N MPLX LP 5493000CZJ19CK4P3G36 55336VBK5 85000.00000000 PA USD 88607.61000000 0.153388217909 Long DBT CORP US N 2 2022-12-01 Fixed 3.50000000 N N N N N N Verus Securitization Trust N/A 92536MAC5 52867.18000000 PA USD 53057.92000000 0.091848316355 Long ABS-MBS CORP US N 2 2058-03-25 Variable 4.05200000 N N N N N N BOEING CO RVHJWBXLJ1RFUBSY1F30 097023CT0 45000.00000000 PA USD 49093.40000000 0.084985354385 Long DBT CORP US N 2 2025-05-01 Fixed 4.87500000 N N N N N N COMM Mortgage Trust N/A 20049AAE8 150000.00000000 PA USD 142561.23000000 0.246787076332 Long ABS-MBS CORP US N 2 2037-02-10 Fixed 3.09900000 N N N N N N Velocity Commercial Capital Lo N/A 92257LAB6 42352.62000000 PA USD 42254.98000000 0.073147397610 Long ABS-MBS CORP US N 2 2047-05-25 Variable 3.00000000 N N N N N N Calpine Corp 43R4VPJBXTU2O15HEF41 13134MBE2 278881.61000000 PA USD 269933.69000000 0.467280944186 Long LON CORP US N 2 2024-01-15 Floating 3.17850000 N N N N N N GLS Auto Receivables Trust N/A 36258XAB6 245000.00000000 PA USD 247157.57000000 0.427853309723 Long ABS-O CORP US N 2 2024-11-15 Fixed 2.43000000 N N N N N N Prosper Marketplace Issuance T N/A 74362DAA6 69888.60000000 PA USD 70176.45000000 0.121482123315 Long ABS-O CORP US N 2 2025-07-15 Fixed 3.19000000 N N N N N N NOVA CHEMICALS CORP 5493007M1XGU5E55ZJ25 66977WAP4 200000.00000000 PA USD 184021.00000000 0.318557889643 Long DBT CORP CA N 2 2025-05-01 Fixed 5.00000000 N N N N N N KINDER MORGAN INC 549300WR7IX8XE0TBO16 49456BAB7 145000.00000000 PA USD 163629.61000000 0.283258450094 Long DBT CORP US N 2 2023-11-15 Fixed 5.62500000 N N N N N N Credit Suisse First Boston Mor N/A 22541Q2D3 73606.26000000 PA USD 74959.00000000 0.129761173180 Long ABS-MBS CORP US N 2 2034-01-25 Variable 3.67318700 N N N N N N BANCO SANTANDER CHILE 3YJP8HORPAEXJ80D6368 05970FAC5 150000.00000000 PA USD 154313.25000000 0.267130943012 Long DBT CORP CL N 2 2025-01-10 Fixed 2.70000000 N N N N N N Westgate Resorts N/A 96033WAA6 256583.58000000 PA USD 257751.45000000 0.446192325683 Long ABS-O CORP US N 2 2031-12-20 Fixed 3.38000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 31418DC67 476671.06700000 PA USD 501131.38000000 0.867506180528 Long ABS-MBS USGSE US N 2 2049-07-01 Fixed 3.50000000 N N N N N N JP Morgan Mortgage Trust N/A 466247K51 73396.23000000 PA USD 74023.83000000 0.128142304781 Long ABS-MBS CORP US N 2 2034-08-25 Variable 3.60367300 N N N N N N Gold Key Resorts LLC 549300MORAF4RGEXUA95 38061LAA7 72508.53000000 PA USD 72505.08000000 0.125513203782 Long ABS-O CORP US N 2 2031-03-17 Fixed 3.22000000 N N N N N N Banc of America Funding Corpor N/A 05946XPV9 113566.18000000 PA USD 116314.78000000 0.201351969890 Long ABS-MBS CORP US N 2 2035-02-25 Fixed 5.50000000 N N N N N N 2020-08-20 AdvisorShares Trust Dan Ahrens Dan Ahrens Secretary and Treasurer