NPORT-P false 0000736913 XXXXXXXX S000008198 C000022322 NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST 811-04255 0000736913 549300CYPOWBML1O3684 1290 AVENUE OF THE AMERICAS NEW YORK 10104 212-476-8800 Short Duration Bond Portfolio S000008198 549300WRDTVIKX0GRU10 2021-12-31 2021-03-31 N 110244726.48 1096480.63 109148245.85 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 720000.00000000 0.00000000 0.00000000 0.00000000 USD N VOLKSWAGEN GROUP AMERICA 5493002SQ1AVQBY41K40 928668BJ0 610000.00000000 PA USD 612444.04000000 0.561112123452 Long DBT CORP US N 2 2023-11-22 Fixed 0.88000000 N N N N N N NEXTERA ENERGY CAPITAL UMI46YPGBLUE4VGNNT48 65339KBU3 1235000.00000000 PA USD 1238948.57000000 1.135106258787 Long DBT CORP US N 2 2023-03-01 Fixed 0.65000000 N N N N N N Freddie Mac - STACR S6XOOCT0IEG5ABCC6L87 3137G0PU7 735731.26000000 PA USD 740682.44000000 0.678602238846 Long ABS-MBS USGSE US N 2 2029-12-25 Floating 2.76000000 N N N N N N BRASS PLC 213800UCE3NFG8SQKH09 10554PAA1 1100000.00000000 PA USD 1099444.50000000 1.007294704040 Long ABS-MBS CORP GB N 2 2069-04-16 Variable 0.67000000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397A60 435000.00000000 PA USD 469800.00000000 0.430423774877 Long DBT CORP US N 2 2025-06-16 Fixed 5.13000000 N N N N N N FannieMae Grantor Trust N/A 31393AU96 431289.99000000 PA USD 428134.67000000 0.392250619023 Long ABS-MBS USGSE US N 2 2033-09-26 Floating 0.36000000 N N N N N N OHA Loan Funding Ltd 54930016024GMIAF7A82 67110UAS8 500000.00000000 PA USD 500412.70000000 0.458470675458 Long ABS-CBDO CORP KY N 2 2033-01-20 Floating 3.22000000 N N N N N N Citigroup Commercial Mortgage Trust N/A 17291DAA1 864052.76000000 PA USD 879158.74000000 0.805472166000 Long ABS-MBS CORP US N 2 2051-06-10 Fixed 3.13000000 N N N N N N NCL CORPORATION LTD UNZWILHE4KMRP9K2L524 62886HAR2 220000.00000000 PA USD 266503.60000000 0.244166635867 Long DBT CORP BM N 2 2024-05-15 Fixed 12.25000000 N N N N N N TALLGRASS NRG PRTNR/FIN N/A 87470LAH4 140000.00000000 PA USD 150689.00000000 0.138059021312 Long DBT CORP US N 2 2025-10-01 Fixed 7.50000000 N N N N N N Freddie Mac Multiclass Certificates N/A 3137FQXY4 1535000.00000000 PA USD 136148.82000000 0.124737524583 Long ABS-MBS USGSE US N 2 2029-03-27 Variable 1.27000000 N N N N N N COMM Mortgage Trust N/A 12632QAY9 12895070.76000000 PA USD 340331.87000000 0.311806999141 Long ABS-MBS CORP US N 2 2047-07-15 Variable 1.00000000 N N N N N N UNITI GRP/UNITI HLD/CSL N/A 91327AAA0 250000.00000000 PA USD 270186.25000000 0.247540625042 Long DBT US N 2 2025-02-15 Fixed 7.88000000 N N N N N N SOFI CONSUMER LOAN PROGRAM TRUST N/A 83407AAA0 420934.99000000 PA USD 424990.57000000 0.389370041350 Long ABS-O CORP US N 2 2029-01-25 Fixed 2.02000000 N N N N N N GS Mortgage Securities Trust N/A 36192KAX5 95000.00000000 PA USD 98040.29000000 0.089823056006 Long ABS-MBS CORP US N 2 2045-05-10 Fixed 4.74000000 N N N N N N Consumer Loan Underlying Bond Credit Trust N/A 21055MAA9 603876.17000000 PA USD 610540.73000000 0.559368339129 Long ABS-O CORP US N 2 2026-12-15 Fixed 2.59000000 N N N N N N VOLKSWAGEN GROUP AMERICA 5493002SQ1AVQBY41K40 928668BE1 370000.00000000 PA USD 397273.44000000 0.363976018951 Long DBT CORP US N 2 2025-05-13 Fixed 3.35000000 N N N N N N Freddie Mac Multiclass Certificates N/A 3137FQXS7 2420000.00000000 PA USD 269225.97000000 0.246660830784 Long ABS-MBS USGSE US N 2 2028-07-27 Fixed 1.71000000 N N N N N N TICP CLO Ltd N/A 87248TAS4 500000.00000000 PA USD 501547.85000000 0.459510683011 Long ABS-CBDO CORP KY N 2 2033-04-15 Floating 3.44000000 N N N N N N JPMBB Commercial Mortgage Securities Trust N/A 46639NAR2 675840.52000000 PA USD 685777.13000000 0.628298810172 Long ABS-MBS CORP US N 2 2045-07-15 Fixed 3.16000000 N N N N N N Bank of America Corp 9DJT3UXIJIZJI4WXO774 06051GFP9 650000.00000000 PA USD 712697.78000000 0.652963109438 Long DBT CORP US N 2 2025-04-21 Fixed 3.95000000 N N N N N N PERFORMANCE FOOD GROUP I 549300OMUOGBYK0FFO76 71376LAD2 150000.00000000 PA USD 160125.00000000 0.146704144215 Long DBT CORP US N 2 2025-05-01 Fixed 6.88000000 N N N N N N GS Mortgage Securities Trust N/A 36253BAT0 1000000.00000000 PA USD 1056559.50000000 0.968004104666 Long ABS-MBS CORP US N 2 2047-06-10 Fixed 3.59000000 N N N N N N GS Mortgage Securities Trust N/A 36256QAA5 520000.00000000 PA USD 520544.39000000 0.476915030513 Long ABS-MBS CORP US N 2 2038-06-15 Floating 1.31000000 N N N N N N CARNIVAL CORP F1OF2ZSX47CR0BCWA982 143658BG6 785000.00000000 PA USD 923356.25000000 0.845965267521 Long DBT CORP PA N 2 2026-02-01 Fixed 10.50000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 31417C7D1 841353.62000000 PA USD 889244.79000000 0.814712855048 Long ABS-MBS USGSE US N 2 2027-09-01 Fixed 3.00000000 N N N N N N Citigroup Commercial Mortgage Trust N/A 17318UAE4 394068.53000000 PA USD 398530.02000000 0.365127278864 Long ABS-MBS CORP US N 2 2045-09-10 Fixed 2.61000000 N N N N N N LendingPoint Asset Securitization Trust N/A 52606TAA3 15997.16000000 PA USD 16001.90000000 0.014660702859 Long ABS-O CORP US N 2 2026-02-10 Fixed 2.51000000 N N N N N N SIX FLAGS THEME PARKS 5493003MX0ZXTM8EVY68 83001WAC8 230000.00000000 PA USD 248687.50000000 0.227843789942 Long DBT CORP US N 2 2025-07-01 Fixed 7.00000000 N N N N N N COMM Mortgage Trust N/A 12624QAT0 1111000.00000000 PA USD 1122916.03000000 1.028798970844 Long ABS-MBS CORP US N 2 2045-10-15 Fixed 3.25000000 N N N N N N State Street Global Advisors 5493008BJIBKQ5KTIF74 857492706 256950.00000000 NS USD 256950.00000000 0.235413769592 Long STIV RF US N 2 N N Benefit Street Partners CLO Ltd N/A 08182RAG8 500000.00000000 PA USD 498097.75000000 0.456349752688 Long ABS-CBDO CORP KY N 2 2033-01-15 Floating 4.04000000 N N N N N N DELTA AIR LINES/SKYMILES N/A 830867AA5 535000.00000000 PA USD 571058.03000000 0.523194876429 Long DBT CORP XX N 2 2025-10-20 Fixed 4.50000000 N N N N N N Freddie Mac N/A 3128MJMW7 503901.78000000 PA USD 565420.17000000 0.518029552922 Long ABS-MBS USGSE US N 2 2039-11-01 Fixed 4.50000000 N N N N N N AT&T INC 549300Z40J86GGSTL398 00206RML3 1370000.00000000 PA USD 1369519.02000000 1.254732963718 Long DBT CORP US N 2 2026-03-25 Fixed 1.70000000 N N N N N N Wells Fargo Commercial Mortgage Trust N/A 94988HAC5 293780.23000000 PA USD 301409.44000000 0.276146847485 Long ABS-MBS CORP US N 2 2045-10-15 Fixed 2.92000000 N N N N N N NIELSEN CO LUX SARL/THE 549300MFMRJBOPHHM352 65410CAC4 240000.00000000 PA USD 245400.00000000 0.224831831321 Long DBT CORP LU N 2 2025-02-01 Fixed 5.00000000 N N N N N N MERITOR INC 5LTG829X630QFHTFBO82 59001KAG5 60000.00000000 PA USD 63900.00000000 0.058544229916 Long DBT CORP US N 2 2025-06-01 Fixed 6.25000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 3138WAHE0 111613.44000000 PA USD 123984.63000000 0.113592874566 Long ABS-MBS USGSE US N 2 2043-11-01 Fixed 4.50000000 N N N N N N CSAIL Commercial Mortgage Trust 549300FU8TZDHFLQZL50 12636LBA7 17503934.59000000 PA USD 593803.48000000 0.544033919533 Long ABS-MBS CORP US N 2 2048-11-15 Variable 0.92000000 N N N N N N PRIME SECSRVC BRW/FINANC N/A 74166MAB2 240000.00000000 PA USD 255996.00000000 0.234539728977 Long DBT CORP US N 2 2024-04-15 Fixed 5.25000000 N N N N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 53944YAM5 1065000.00000000 PA USD 1075270.31000000 0.985146670591 Long DBT CORP GB N 2 2023-06-15 Fixed 1.33000000 N N N N N N TICP CLO Ltd N/A 87250RAD6 500000.00000000 PA USD 501297.10000000 0.459280949589 Long ABS-CBDO CORP KY N 2 2033-04-20 Floating 3.37000000 N N N N N N Citigroup Commercial Mortgage Trust N/A 17324DAU8 830000.00000000 PA USD 910626.28000000 0.834302258280 Long ABS-MBS CORP US N 2 2048-09-15 Fixed 3.72000000 N N N N N N MARINER CLO LLC 549300SC4HK60KIV1S28 56844XBN8 500000.00000000 PA USD 490946.40000000 0.449797792146 Long ABS-CBDO CORP US N 2 2029-04-20 Floating 3.07000000 N N N N N N 7-ELEVEN INC 549300K23JPL0SS3LB18 817826AB6 2190000.00000000 PA USD 2182762.73000000 1.999814759276 Long DBT CORP US N 2 2024-02-10 Fixed 0.80000000 N N N N N N MGM GROWTH/MGM FINANCE N/A 55303XAK1 115000.00000000 PA USD 121290.50000000 0.111124552717 Long DBT US N 2 2025-06-15 Fixed 4.63000000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141EB81 1895000.00000000 PA USD 1950554.81000000 1.787069315507 Long DBT CORP US N 2 2023-11-29 Floating 1.79000000 N N N N N N General Electric Co 3C7474T6CDKPR9K6YT90 36966THT2 2185000.00000000 PA USD 2208585.74000000 2.023473417094 Long DBT CORP US N 2 2023-03-15 Floating 1.18000000 N N N N N N Morgan Stanley BAML Trust N/A 61767CAQ1 351357.56000000 PA USD 352984.45000000 0.323399104814 Long ABS-MBS CORP US N 2 2050-05-15 Fixed 2.03000000 N N N N N N Freddie Mac N/A 3128PXWR3 502136.77000000 PA USD 531129.22000000 0.486612694380 Long ABS-MBS USGSE US N 2 2027-01-01 Fixed 3.00000000 N N N N N N BY CROWN PARENT/BY BOND N/A 05608QAA5 145000.00000000 PA USD 150572.35000000 0.137952148316 Long DBT CORP US N 2 2026-01-31 Fixed 4.25000000 N N N N N N TransDigm Inc 88Q84GB3X55CF5OC7582 893647BE6 230000.00000000 PA USD 243846.00000000 0.223408079626 Long DBT CORP US N 2 2026-03-15 Fixed 6.25000000 N N N N N N ALTICE FRANCE SA 5493001ZMCICV4N02J21 67054KAA7 450000.00000000 PA USD 468045.00000000 0.428815869971 Long DBT CORP FR N 2 2026-05-01 Fixed 7.38000000 N N N N N N Marlette Funding Trust N/A 57109JAA6 262360.32000000 PA USD 263354.32000000 0.241281312355 Long ABS-O CORP US N 2 2030-03-15 Fixed 2.24000000 N N N N N N CHARTER COMM OPT LLC/CAP N/A 161175AY0 430000.00000000 PA USD 487468.09000000 0.446611016241 Long DBT CORP US N 2 2025-07-23 Fixed 4.91000000 N N N N N N Freddie Mac - STACR N/A 3137G0MD8 1165971.45000000 PA USD 1198137.22000000 1.097715506712 Long ABS-MBS USGSE US N 2 2029-07-25 Floating 3.36000000 N N N N N N iHeartCommunications Inc 54930076J6KDZL504O62 45174HBC0 180000.00000000 PA USD 191025.00000000 0.175014264784 Long DBT CORP US N 2 2026-05-01 Fixed 6.38000000 N N N N N N OCCIDENTAL PETROLEUM COR IM7X0T3ECJW4C1T7ON55 674599EE1 210000.00000000 PA USD 222075.00000000 0.203461813124 Long DBT CORP US N 2 2025-12-01 Fixed 5.50000000 N N N N N N BXMT Ltd N/A 12434LAA2 320000.00000000 PA USD 319999.20000000 0.293178509199 Long ABS-CBDO CORP KY N 2 2037-02-16 Floating 1.01000000 N N N N N N Fannie Mae - CAS N/A 20754WAA3 294212.71000000 PA USD 294118.77000000 0.269467244030 Long ABS-MBS USGSE US N 2 2040-01-25 Floating 0.86000000 N N N N N N Deutsche Bank Commercial Mortgage Trust N/A 23312VAA4 190686.15000000 PA USD 190992.54000000 0.174984525415 Long ABS-MBS CORP US N 2 2049-08-10 Fixed 1.50000000 N N N N N N Fannie Mae - CAS N/A 30711XDS0 761764.68000000 PA USD 793026.66000000 0.726559234941 Long ABS-MBS USGSE US N 2 2029-04-25 Floating 4.36000000 N N N N N N GCAT N/A 36167VAA2 686910.18000000 PA USD 704457.64000000 0.645413615687 Long ABS-MBS CORP US N 2 2059-11-25 Variable 2.69000000 N N N N N N LIVE NATION ENTERTAINMEN 5493007B9BM9ZXJINO78 538034AK5 260000.00000000 PA USD 264602.00000000 0.242424418220 Long DBT CORP US N 2 2024-11-01 Fixed 4.88000000 N N N N N N CARNIVAL CORP F1OF2ZSX47CR0BCWA982 143658BN1 280000.00000000 PA USD 287350.00000000 0.263265797596 Long DBT CORP PA N 2 2027-03-01 Fixed 5.75000000 N N N N N N INFOR INC 549300Q3IIYBYI4RHD64 45674CAB9 540000.00000000 PA USD 546704.53000000 0.500882561824 Long DBT CORP US N 2 2023-07-15 Fixed 1.45000000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 37045XCX2 530000.00000000 PA USD 553268.67000000 0.506896529294 Long DBT CORP US N 2 2025-06-20 Fixed 2.75000000 N N N N N N Wells Fargo Commercial Mortgage Trust N/A 95002UAA9 720971.79000000 PA USD 718596.55000000 0.658367474808 Long ABS-MBS CORP US N 2 2053-07-15 Fixed 0.55000000 N N N N N N GCAT N/A 36166MAA3 587734.88000000 PA USD 596251.10000000 0.546276392585 Long ABS-MBS CORP US N 2 2059-09-25 Variable 2.86000000 N N N N N N N/A N/A 000000000 -45.00000000 NC USD 153141.68000000 0.140306130261 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short US 10 Year Ultra Bond UXYM1 Comdty 2021-06-21 -6619079.18000000 USD 153141.68000000 N N N Talen Energy Supply LLC K5K33XN0PQAU1XF7NN66 87422VAE8 280000.00000000 PA USD 250600.00000000 0.229595994006 Long DBT CORP US N 2 2026-01-15 Fixed 10.50000000 N N N N N N KINDER MORGAN INC 549300WR7IX8XE0TBO16 49456BAB7 604000.00000000 PA USD 670890.25000000 0.614659672059 Long DBT CORP US N 2 2023-11-15 Fixed 5.63000000 N N N N N N Fannie Mae - CAS N/A 30711XEC4 274696.23000000 PA USD 285878.26000000 0.261917411291 Long ABS-MBS USGSE US N 2 2029-05-25 Floating 4.46000000 N N N N N N RATTLER MIDSTREAM LP 549300I45NRVEEN9M219 75419TAA1 90000.00000000 PA USD 93970.80000000 0.086094649774 Long DBT CORP US N 2 2025-07-15 Fixed 5.63000000 N N N N N N Angel Oak Mortgage Trust N/A 03464VAA2 629932.08000000 PA USD 641057.12000000 0.587327001920 Long ABS-MBS CORP US N 2 2059-11-25 Variable 2.62000000 N N N N N N OTIS WORLDWIDE CORP 549300ZLBKR8VSU25153 68902VAG2 1385000.00000000 PA USD 1385072.16000000 1.268982519337 Long DBT CORP US N 2 2023-04-05 Floating 0.64000000 N N N N N N BAT CAPITAL CORP 2138005GYEXN7XRHFA84 05526DBR5 535000.00000000 PA USD 526735.11000000 0.482586876131 Long DBT CORP US N 2 2028-03-25 Fixed 2.26000000 N N N N N N N/A N/A 000000000 288.00000000 NC USD -39745.37000000 -0.03641411704 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long 2 Year US Treasury Note TUM1 Comdty 2021-06-30 63608995.23000000 USD -39745.37000000 N N N Terex Corp YAWJZJYEQ7M1SYMOS462 880779AZ6 240000.00000000 PA USD 246751.20000000 0.226069780671 Long DBT CORP US N 2 2025-02-01 Fixed 5.63000000 N N N N N N Freddie Mac - STACR S6XOOCT0IEG5ABCC6L87 3137G0UD9 458074.17000000 PA USD 458073.85000000 0.419680450595 Long ABS-MBS USGSE US N 2 2030-09-25 Floating 2.41000000 N N N N N N Wells Fargo Commercial Mortgage Trust 549300CFP9NBBMZH1008 95000KAY1 134202.67000000 PA USD 134231.32000000 0.122980739593 Long ABS-MBS CORP US N 2 2049-11-15 Fixed 1.42000000 N N N N N N Fannie Mae - CAS N/A 30711XJX3 379441.89000000 PA USD 387892.59000000 0.355381423658 Long ABS-MBS USGSE US N 2 2029-10-25 Floating 3.11000000 N N N N N N Symphony CLO Ltd N/A 87167GBM1 500000.00000000 PA USD 497527.30000000 0.455827114879 Long ABS-CBDO CORP KY N 2 2033-04-18 Floating 3.37000000 N N N N N N RHP HOTEL PPTY/RHP FINAN N/A 749571AD7 150000.00000000 PA USD 150090.00000000 0.137510226418 Long DBT US N 2 2023-04-15 Fixed 5.00000000 N N N N N N PDC Energy Inc 5493008W8H2T511J5Y59 69327RAJ0 90000.00000000 PA USD 93352.50000000 0.085528172507 Long DBT CORP US N 2 2026-05-15 Fixed 5.75000000 N N N N N N NEW FORTRESS ENERGY INC N/A 644393AB6 720000.00000000 PA USD 725400.00000000 0.664600694542 Long DBT CORP US N 2 2026-09-30 Fixed 6.50000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95000U2C6 1060000.00000000 PA USD 1146247.55000000 1.050174962569 Long DBT CORP US N 2 2024-01-24 Fixed 3.75000000 N N N N N N Bausch Health Cos Inc B3BS7ACMDUWISF18KY76 91911KAN2 140000.00000000 PA USD 143833.20000000 0.131777839286 Long DBT CORP CA N 2 2025-11-01 Fixed 5.50000000 N N N N N N APACHE CORP 72ZZ1XRHOOU9P9X16K08 037411BH7 260000.00000000 PA USD 267878.00000000 0.245425840712 Long DBT CORP US N 2 2025-11-15 Fixed 4.63000000 N N N N N N SLM Student Loan Trust N/A 78446CAA9 561837.24000000 PA USD 556183.36000000 0.509566924936 Long ABS-O CORP US N 2 2043-06-25 Floating 0.56000000 N N N N N N BOEING CO RVHJWBXLJ1RFUBSY1F30 097023DG7 1400000.00000000 PA USD 1395658.59000000 1.278681649101 Long DBT CORP US N 2 2026-02-04 Fixed 2.20000000 N N N N N N WF-RBS Commercial Mortgage Trust N/A 92939LAE6 1130000.00000000 PA USD 1228054.96000000 1.125125695274 Long ABS-MBS CORP US N 2 2047-11-15 Fixed 3.63000000 N N N N N N Barclays Commercial Mortgage Securities LLC N/A 05529SAJ8 1110000.00000000 PA USD 1109328.12000000 1.016349929731 Long ABS-MBS CORP US N 2 2032-09-05 Fixed 4.04000000 N N N N N N EQM MIDSTREAM PARTNERS L 549300NELT611CL6XM83 26885BAF7 130000.00000000 PA USD 139912.50000000 0.128185752240 Long DBT CORP US N 2 2025-07-01 Fixed 6.00000000 N N N N N N WF-RBS Commercial Mortgage Trust 549300QGM7D5K3CV2643 96221TAH0 17263516.90000000 PA USD 512227.54000000 0.469295256200 Long ABS-MBS CORP US N 2 2047-03-15 Variable 1.26000000 N N N N N N GOODYEAR TIRE & RUBBER 5493002BI0S2ZQUY3437 382550BH3 230000.00000000 PA USD 258014.00000000 0.236388590573 Long DBT CORP US N 2 2025-05-31 Fixed 9.50000000 N N N N N N AERCAP IRELAND CAP/GLOBA N/A 00774MAP0 800000.00000000 PA USD 860487.76000000 0.788366091730 Long DBT CORP IE N 2 2023-09-15 Fixed 4.50000000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 05971KAE9 550000.00000000 PA USD 574656.07000000 0.526491347180 Long DBT CORP ES N 2 2025-05-28 Fixed 2.75000000 N N N N N N CSAIL Commercial Mortgage Trust N/A 12595JAA2 593841.13000000 PA USD 599311.12000000 0.549079937412 Long ABS-MBS CORP US N 2 2050-11-15 Fixed 2.23000000 N N N N N N State Street Global Advisors 549300BZ5TGIFZUZDZ37 857492706 126159.68000000 NS USD 126159.68000000 0.115585623037 Long STIV RF US N 2 N N N GS Mortgage Securities Trust N/A 36249KAG5 915000.00000000 PA USD 898026.38000000 0.822758417239 Long ABS-MBS CORP US N 2 2043-08-10 Fixed 5.15000000 N N N N N N OUTFRONT MEDIA CAP LLC/C N/A 69007TAD6 140000.00000000 PA USD 148050.00000000 0.135641208749 Long DBT CORP US N 2 2025-06-15 Fixed 6.25000000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 37045XDA1 400000.00000000 PA USD 407506.54000000 0.373351433022 Long DBT CORP US N 2 2027-08-20 Fixed 2.70000000 N N N N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ABA2 550000.00000000 PA USD 593384.00000000 0.543649598194 Long DBT CORP US N 2 2025-04-15 Fixed 3.50000000 N N N N N N State Street Global Advisors 549300BZ5TGIFZUZDZ37 857492706 235891.24000000 NS USD 235891.24000000 0.216120046788 Long STIV RF US N 2 N N N REALOGY GROUP/CO-ISSUER N/A 75606DAJ0 215000.00000000 PA USD 234737.00000000 0.215062549262 Long DBT CORP US N 2 2025-06-15 Fixed 7.63000000 N N N N N N AERCAP IRELAND CAP/GLOBA N/A 00774MAN5 540000.00000000 PA USD 629520.35000000 0.576757184778 Long DBT CORP IE N 2 2025-07-15 Fixed 6.50000000 N N N N N N ORACLE CORP 1Z4GXXU7ZHVWFCD8TV52 68389XCC7 1700000.00000000 PA USD 1713423.40000000 1.569813043404 Long DBT CORP US N 2 2026-03-25 Fixed 1.65000000 N N N N N N REALOGY GROUP/CO-ISSUER N/A 75606DAE1 220000.00000000 PA USD 226050.00000000 0.207103649023 Long DBT CORP US N 2 2023-06-01 Fixed 4.88000000 N N N N N N Aramark Services Inc 42YMHYH0XMHJEXDUB065 038522AP3 150000.00000000 PA USD 153562.50000000 0.140691679288 Long DBT CORP US N 2 2025-04-01 Fixed 5.00000000 N N N N N Bank N/A 06541UBN5 1528545.76000000 PA USD 1521309.78000000 1.393801401161 Long ABS-MBS CORP US N 2 2053-12-15 Fixed 0.45000000 N N N N N N DELTA AIR LINES INC Q2CCMS6R0AS67HJMBN42 247361ZX9 140000.00000000 PA USD 161274.05000000 0.147756886740 Long DBT CORP US N 2 2025-05-01 Fixed 7.00000000 N N N N N N Wells Fargo Commercial Mortgage Trust 5493006021R83VCLAO08 95001NAU2 1513484.36000000 PA USD 1546987.76000000 1.417327184649 Long ABS-MBS CORP US N 2 2051-06-15 Fixed 3.13000000 N N N N N N ARAMARK SERVICES INC 42YMHYH0XMHJEXDUB065 038522AR9 80000.00000000 PA USD 84800.00000000 0.077692499169 Long DBT CORP US N 2 2025-05-01 Fixed 6.38000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 46647PBF2 700000.00000000 PA USD 728655.03000000 0.667582904631 Long DBT CORP US N 2 2025-10-15 Fixed 2.30000000 N N N N N N KAR Auction Services Inc 5493004HKD20LBSG7D03 48238TAA7 290000.00000000 PA USD 295234.50000000 0.270489459267 Long DBT CORP US N 2 2025-06-01 Fixed 5.13000000 N N N N N N BLUE RACER MID LLC/FINAN N/A 095796AH1 365000.00000000 PA USD 393367.80000000 0.360397729653 Long DBT CORP US N 2 2025-12-15 Fixed 7.63000000 N N N N N N GS Mortgage Securities Trust 549300WF5YRKNHB1FX69 36198EAG0 183971960.96000000 PA USD 328058.80000000 0.300562594886 Long ABS-MBS CORP US N 2 2046-07-10 Variable 0.07000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 3138EGFA7 714680.07000000 PA USD 800631.73000000 0.733526887001 Long ABS-MBS USGSE US N 2 2041-05-01 Fixed 4.50000000 N N N N N N SPIRIT AEROSYSTEMS INC ZD2NBKV6GCC3UMGBM518 85205TAL4 150000.00000000 PA USD 161355.00000000 0.147831051927 Long DBT CORP US N 2 2025-04-15 Fixed 7.50000000 N N N N N N INTERNATIONAL GAME TECH 549300UQ6KHRCZDRGZ76 460599AF0 215000.00000000 PA USD 220929.70000000 0.202412506293 Long DBT CORP GB N 2 2026-04-15 Fixed 4.13000000 N N N N N N LYB INT FINANCE III N/A 50249AAE3 1080000.00000000 PA USD 1083163.70000000 0.992378477148 Long DBT CORP US N 2 2023-10-01 Floating 1.20000000 N N N N N N CD Commercial Mortgage Trust N/A 12515HAW5 532799.59000000 PA USD 536474.63000000 0.491510079545 Long ABS-MBS CORP US N 2 2050-08-15 Fixed 2.03000000 N N N N N N AMERICAN AIRLINES/AADVAN N/A 00253XAA9 1160000.00000000 PA USD 1207200.40000000 1.106019057474 Long DBT CORP XX N 2 2026-04-20 Fixed 5.50000000 N N N N N N RADIATE HOLDCO / FINANCE N/A 75026JAC4 310000.00000000 PA USD 313487.50000000 0.287212586476 Long DBT CORP US N 2 2026-09-15 Fixed 4.50000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XYX6 541993.60000000 PA USD 542332.94000000 0.496877376064 Long ABS-MBS USGSE US N 2 2030-07-25 Floating 2.36000000 N N N N N N Morgan Stanley Capital I Trust N/A 617459AD4 564711.31000000 PA USD 569804.44000000 0.522046355910 Long ABS-MBS CORP US N 2 2044-06-15 Fixed 4.66000000 N N N N N N CUMULUS MEDIA NEW HLDGS 5493001D9VBAVY1OKJ46 23110AAA4 343000.00000000 PA USD 349431.25000000 0.320143715804 Long DBT CORP US N 2 2026-07-01 Fixed 6.75000000 N N N N N Staples Inc XQM2JINI1UL7642TU573 855030AN2 340000.00000000 PA USD 358615.00000000 0.328557731008 Long DBT CORP US N 2 2026-04-15 Fixed 7.50000000 N N N N N N JPMBB Commercial Mortgage Securities Trust N/A 46644RBA2 396249.88000000 PA USD 415241.38000000 0.380437978426 Long ABS-MBS CORP US N 2 2048-05-15 Fixed 3.30000000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QCF7 550000.00000000 PA USD 557150.00000000 0.510452546132 Long DBT CORP MX N 2 2022-03-11 Floating 3.83000000 N N N N N N MPLX LP 5493000CZJ19CK4P3G36 55336VAJ9 660000.00000000 PA USD 743388.60000000 0.681081582402 Long DBT CORP US N 2 2025-06-01 Fixed 4.88000000 N N N N N N Fannie Mae - CAS N/A 20754CAA7 64379.36000000 PA USD 64379.36000000 0.058983412421 Long ABS-MBS USGSE US N 2 2040-01-25 Floating 0.91000000 N N N N N N Fannie Mae B1V7KEBTPIMZEU4LTD58 3138WBTE5 150313.36000000 PA USD 166504.51000000 0.152548956424 Long ABS-MBS USGSE US N 2 2044-05-01 Fixed 4.50000000 N N N N N N GENESIS ENERGY LP/FIN N/A 37185LAJ1 160000.00000000 PA USD 156840.00000000 0.143694476057 Long DBT CORP US N 2 2025-10-01 Fixed 6.50000000 N N N N N N CD Commercial Mortgage Trust N/A 12515GAA5 116925.68000000 PA USD 117178.82000000 0.107357492635 Long ABS-MBS CORP US N 2 2050-02-10 Fixed 1.97000000 N N N N N N VERIZON COMMUNICATIONS 2S72QS2UO2OESLG6Y829 92343VDD3 550000.00000000 PA USD 581471.70000000 0.532735726050 Long DBT CORP US N 2 2026-08-15 Fixed 2.63000000 N N N N N N USA COM PART/USA COM FIN N/A 91740PAC2 150000.00000000 PA USD 153843.75000000 0.140949356356 Long DBT CORP US N 2 2026-04-01 Fixed 6.88000000 N N N N N N Trestles CLO LTD N/A 89532TAL0 500000.00000000 PA USD 501000.10000000 0.459008842605 Long ABS-CBDO CORP KY N 2 2033-01-20 Floating 3.47000000 N N N N N N BX Trust N/A 056059AA6 424403.36000000 PA USD 424403.32000000 0.388832011632 Long ABS-MBS CORP US N 2 2035-11-15 Floating 0.86000000 N N N N N N AT&T INC 549300Z40J86GGSTL398 00206RKG6 550000.00000000 PA USD 532824.45000000 0.488165838901 Long DBT CORP US N 2 2028-02-01 Fixed 1.65000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XSX3 393975.14000000 PA USD 396151.54000000 0.362948150852 Long ABS-MBS USGSE US N 2 2030-02-25 Floating 2.91000000 N N N N N N N/A N/A 000000000 -171.00000000 NC USD 170261.49000000 0.155991045640 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short 5 Year US Treasury Note FVM1 Comdty 2021-06-30 -21271394.39000000 USD 170261.49000000 N N N VERIZON COMMUNICATIONS 2S72QS2UO2OESLG6Y829 92343VGG3 1025000.00000000 PA USD 1025083.00000000 0.939165803368 Long DBT CORP US N 2 2026-03-20 Fixed 1.45000000 N N N N N N Capital One NA 207ALC1P1YM0OVDV0K75 14042RHB0 1000000.00000000 PA USD 1007409.32000000 0.922973440530 Long DBT CORP US N 2 2022-08-08 Floating 1.01000000 N N N N N N Ubs Commercial Mortgage Trust N/A 90278KAW1 450713.27000000 PA USD 462222.86000000 0.423481711868 Long ABS-MBS CORP US N 2 2051-12-15 Fixed 3.38000000 N N N N N N Citigroup Commercial Mortgage Trust N/A 17291EAS0 154125.95000000 PA USD 154223.57000000 0.141297341793 Long ABS-MBS CORP US N 2 2049-12-10 Fixed 1.88000000 N N N N N N Morgan Stanley Capital I Trust 5493005SNWQW3UUOQX45 61760VAP8 762134.55000000 PA USD 772480.91000000 0.707735524271 Long ABS-MBS CORP US N 2 2045-03-15 Fixed 3.24000000 N N N N N N Starwood Mortgage Residential Trust N/A 85572JAA5 212246.28000000 PA USD 215376.83000000 0.197325049360 Long ABS-MBS CORP US N 2 2049-09-27 Variable 2.61000000 N N N N N N ATMOS ENERGY CORP QVLWEGTD2S8GJMO8D383 049560AV7 550000.00000000 PA USD 550059.95000000 0.503956747739 Long DBT CORP US N 2 2023-03-09 Floating 0.57000000 N N N N N N VIATRIS INC 254900ZZTSW7NL773X71 91533BAB6 370000.00000000 PA USD 371306.93000000 0.340185888566 Long DBT CORP US N 2 2025-06-22 Fixed 1.65000000 N N N N N N RANGE RESOURCES CORP H3Y3WLYCX0BTO1TRW162 75281ABG3 250000.00000000 PA USD 271630.00000000 0.248863367326 Long DBT CORP US N 2 2026-02-01 Fixed 9.25000000 N N N N N N CD&R SMOKEY BUYER INC N/A 12510CAA9 180000.00000000 PA USD 193050.00000000 0.176869539676 Long DBT CORP US N 2 2025-07-15 Fixed 6.75000000 N N N N N N TALLGRASS NRG PRTNR/FIN N/A 87470LAA9 270000.00000000 PA USD 274050.00000000 0.251080535345 Long DBT CORP US N 2 2024-09-15 Fixed 5.50000000 N N N N N N Fannie Mae - CAS N/A 30711XDA9 331452.54000000 PA USD 344840.47000000 0.315937711425 Long ABS-MBS USGSE US N 2 2029-01-25 Floating 4.36000000 N N N N N N CENTERPOINT ENERGY RES 2JADVB0458J06WCD4N56 15189WAN0 1035000.00000000 PA USD 1035293.94000000 0.948520914777 Long DBT CORP US N 2 2023-03-02 Floating 0.68000000 N N N N N N Freddie Mac Multiclass Certificates N/A 3137FQY23 1500000.00000000 PA USD 180411.00000000 0.165289875796 Long ABS-MBS USGSE US N 2 2028-09-27 Variable 1.82000000 N N N N N N Freddie Mac N/A 3128MDSR5 399508.83000000 PA USD 426024.79000000 0.390317578337 Long ABS-MBS USGSE US N 2 2026-05-01 Fixed 3.50000000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 6174468K8 2310000.00000000 PA USD 2315645.64000000 2.121560105677 Long DBT CORP US N 2 2023-01-20 Floating 0.73000000 N N N N N N FHLMC Multifamily Structured Pass Through Certs. N/A 3137FQXL2 26737360.37000000 PA USD 833141.50000000 0.763311854910 Long ABS-MBS USGSE US N 2 2026-10-25 Variable 0.64000000 N N N N N N SPDR Bloomberg Barclays Short Term High Yield Bond ETF 549300YI2V5ELVW58659 78468R408 185185.00000000 NS USD 5061106.05000000 4.636910113017 Long EC RF US N 1 N N N Ally Auto Receivables Trust N/A 02007MAE0 13729.36000000 PA USD 13740.21000000 0.012588576108 Long ABS-O CORP US N 2 2022-06-15 Fixed 2.35000000 N N N N N N N/A N/A 000000000 -18.00000000 NC USD 15462.92000000 0.014166897396 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short 10 Year US Treasury Note TYM1 Comdty 2021-06-21 -2372337.92000000 USD 15462.92000000 N N N Citigroup Commercial Mortgage Trust N/A 29429CAB1 579920.82000000 PA USD 579564.81000000 0.530988661784 Long ABS-MBS CORP US N 2 2049-04-15 Fixed 2.74000000 N N N N N N AMERICAN TOWER CORP 5493006ORUSIL88JOE18 03027XBL3 645000.00000000 PA USD 646470.60000000 0.592286751807 Long DBT US N 2 2026-04-15 Fixed 1.60000000 N N N N N N FOX CORP 549300DDU6FDRBIELS05 35137LAM7 550000.00000000 PA USD 584989.13000000 0.535958343117 Long DBT CORP US N 2 2025-04-07 Fixed 3.05000000 N N N N N N Palmer Square CLO Ltd 549300PACXK2KP6J2T91 69689CBC9 500000.00000000 PA USD 492589.00000000 0.451302717843 Long ABS-CBDO CORP KY N 2 2030-07-20 Floating 2.97000000 N N N N N N PFS Financing Corp. N/A 69335PDZ5 1195000.00000000 PA USD 1188901.80000000 1.089254152223 Long ABS-O CORP US N 2 2026-04-15 Fixed 0.71000000 N N N N N N HarborView Mortgage Loan Trust N/A 41161PEM1 115230.89000000 PA USD 119777.09000000 0.109737988977 Long ABS-MBS CORP US N 2 2034-06-19 Floating 1.24000000 N N N N N N BROADCOM INC 549300WV6GIDOZJTV909 11135FBB6 750000.00000000 PA USD 799374.62000000 0.732375141510 Long DBT CORP US N 2 2025-11-15 Fixed 3.15000000 N N N N N N GLOBAL AIR LEASE CO LTD N/A 37960JAA6 460000.00000000 PA USD 441140.00000000 0.404165909002 Long DBT CORP KY N 2 2024-09-15 Fixed 6.50000000 N N Y N N N ABBVIE INC FR5LCKFTG8054YNNRU85 00287YBP3 1980000.00000000 PA USD 1992160.86000000 1.825188159906 Long DBT CORP US N 2 2022-11-21 Floating 0.83000000 N N N N N N ANTERO MIDSTREAM PART/FI N/A 03690AAC0 160000.00000000 PA USD 161400.00000000 0.147872280257 Long DBT CORP US N 2 2024-09-15 Fixed 5.38000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XNX8 913466.85000000 PA USD 922331.95000000 0.845026819091 Long ABS-MBS USGSE US N 2 2030-01-25 Floating 2.31000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912828ZZ6 3876418.00000000 PA USD 4207175.38000000 3.854551529652 Long DBT UST US N 2 2030-07-15 Fixed 0.13000000 N N N N N N SG Commercial Mortgage Securities Trust 549300SZQW4U3UN4A157 78419CAA2 34897.38000000 PA USD 34889.29000000 0.031965048753 Long ABS-MBS CORP US N 2 2048-10-10 Fixed 1.35000000 N N N N N N Freddie Mac - STACR N/A 35564KAA7 900000.00000000 PA USD 898920.36000000 0.823577468423 Long ABS-MBS USGSE US N 2 2051-01-25 Floating 0.67000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XLT9 470675.73000000 PA USD 476336.64000000 0.436412547256 Long ABS-MBS USGSE US N 2 2029-11-25 Floating 2.96000000 N N N N N N Buckeye Partners LP 549300C1PQJLVEIUBK50 118230AN1 340000.00000000 PA USD 349350.00000000 0.320069275762 Long DBT CORP US N 2 2024-10-15 Fixed 4.35000000 N N N N N N Citigroup Inc 6SHGI4ZSSLCXXQSBB395 172967MF5 1070000.00000000 PA USD 1145124.08000000 1.049145656059 Long DBT CORP US N 2 2025-04-24 Fixed 3.35000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XWX8 375922.98000000 PA USD 377833.12000000 0.346165086811 Long ABS-MBS USGSE US N 2 2030-05-25 Floating 2.61000000 N N N N N N UNITED AIRLINES HOLDINGS 98450079DA0B78DD6764 910047AJ8 170000.00000000 PA USD 172975.00000000 0.158477123157 Long DBT CORP US N 2 2022-10-01 Fixed 4.25000000 N N N N N N Milos CLO, LTD 254900GFWI4EEB8IJS18 60162PAL6 500000.00000000 PA USD 487560.90000000 0.446696047383 Long ABS-CBDO CORP KY N 2 2030-10-20 Floating 2.97000000 N N N N N N Morgan Stanley BAML Trust 549300PFVBG5704L7K74 61762DAZ4 166000.00000000 PA USD 170475.31000000 0.156186944345 Long ABS-MBS CORP US N 2 2046-05-15 Variable 3.71000000 N N N N N N Fannie Mae - CAS N/A 30711XCB8 1043922.09000000 PA USD 1099646.13000000 1.007479434448 Long ABS-MBS USGSE US N 2 2028-09-25 Floating 6.11000000 N N N N N N 2021-04-30 NEUBERGER BERMAN ADVISERS MANAGEMENT TRUST John McGovern John McGovern Treasurer XXXX