NPORT-P false 0000741375 XXXXXXXX S000004118 C000065127 C000011549 C000011548 C000155931 MORGAN STANLEY INSTITUTIONAL FUND TRUST 811-03980 0000741375 BD1UNSIL1398DHGY2770 1585 Broadway NEW YORK 10036 800-869-6397 Corporate Bond Portfolio S000004118 549300B6GOYFEF7SCC12 2025-09-30 2025-06-30 N 130089590.51 4353941.85 125735648.66 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 2516994.00000000 0.00000000 0.00000000 81064.87000000 USD N Bloomberg U.S. Corporate Index BBA_US_CORP HEALTHPEAK OP LLC PZ9HF5U52KPF0MH0QN75 42250GAA1 550000.00000000 PA USD 555372.92000000 0.441698854635 Long DBT US N 2 2035-02-15 Fixed 5.38000000 N N N N N N MARS INC 54930073HKEO6GZBSS03 571676BA2 350000.00000000 PA USD 354368.14000000 0.281835854649 Long DBT CORP US N 2 2035-03-01 Fixed 5.20000000 N N N N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ADB8 750000.00000000 PA USD 735251.06000000 0.584759428082 Long DBT CORP US N 2 2054-01-15 Fixed 5.75000000 N N N N N N BROADCOM INC 549300WV6GIDOZJTV909 11135FBQ3 575000.00000000 PA USD 476908.01000000 0.379294189899 Long DBT CORP US N 2 2036-11-15 Fixed 3.19000000 N N N N N N PHILLIPS EDISON GROCERY 549300WUPIVS6ZE0ZI51 71845JAA6 700000.00000000 PA USD 610458.84000000 0.485509755193 Long DBT US N 2 2031-11-15 Fixed 2.63000000 N N N N N N NEW ENGLAND POWER CO 549300DTVRGN9GYD5U85 644188BH6 125000.00000000 PA USD 126937.90000000 0.100956173808 Long DBT CORP US N 2 2052-11-25 Fixed 5.94000000 N N N N N N CON EDISON CO OF NY INC VZFZPMWDHTQCFKYOBP05 209111GG2 500000.00000000 PA USD 510844.53000000 0.406284562448 Long DBT CORP US N 2 2053-11-15 Fixed 5.90000000 N N N N N N QORVO INC 254900YAUJV2EUEVBR11 74736KAJ0 750000.00000000 PA USD 676984.73000000 0.538419085768 Long DBT CORP US N 2 2031-04-01 Fixed 3.38000000 N N N N N N VERIZON COMMUNICATIONS 2S72QS2UO2OESLG6Y829 92343VGJ7 1675000.00000000 PA USD 1502808.83000000 1.195213009210 Long DBT CORP US N 2 2031-03-21 Fixed 2.55000000 N N N N N N MAREX GROUP PLC 549300DWX0SVICJAL507 566539AA0 525000.00000000 PA USD 540622.75000000 0.429967758357 Long DBT CORP GB N 2 2029-11-04 Fixed 6.40000000 N N N N N N NETFLIX INC 549300Y7VHGU0I7CE873 64110LBA3 250000.00000000 PA USD 246911.19000000 0.196373258205 Long DBT CORP US N 2 2054-08-15 Fixed 5.40000000 N N N N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ADN2 100000.00000000 PA USD 91390.94000000 0.072684987093 Long DBT CORP US N 2 2055-06-15 Fixed 5.25000000 N N N N N N SOUTH BOW USA INFRA HLDS 254900Z1WAY7QFQ7O850 83007CAA0 350000.00000000 PA USD 352341.96000000 0.280224394398 Long DBT CORP US N 2 2027-09-01 Fixed 4.91000000 N N N N N N AT&T INC 549300Z40J86GGSTL398 00206RMN9 1050000.00000000 PA USD 735385.65000000 0.584866470119 Long DBT CORP US N 2 2057-12-01 Fixed 3.80000000 N N N N N N RIO TINTO FIN USA PLC 2138006TSNBEUA761G16 76720AAW6 400000.00000000 PA USD 402183.31000000 0.319864186717 Long DBT CORP GB N 2 2065-03-14 Fixed 5.88000000 N N N N N N CRH AMERICA FINANCE INC 549300WEVUODRJ4CWK56 12636YAF9 625000.00000000 PA USD 640849.09000000 0.509679710431 Long DBT CORP US N 2 2035-01-09 Fixed 5.50000000 N N N N N N Morgan Stanley & Co. LLC 549300BI6Y5SI6BYPB26 61747C707 1633687.50000000 NS USD 1633687.50000000 1.299303353830 Long STIV RF US N 1 N N BP CAPITAL MARKETS PLC 549300CRVT18MXX0AG93 05565QDV7 600000.00000000 PA USD 595657.22000000 0.473737739732 Long DBT CORP GB N 2 2030-03-22 Fixed 4.88000000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 30225VAH0 900000.00000000 PA USD 881639.07000000 0.701184651605 Long DBT US N 2 2029-04-01 Fixed 3.90000000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 06738ECZ6 1225000.00000000 PA USD 1252679.40000000 0.996280222315 Long DBT CORP GB N 2 2036-02-25 Fixed 5.79000000 N N N N N N BANK OF NY MELLON CORP WFLLPEPC7FZXENRZV188 06406RBR7 705000.00000000 PA USD 707448.92000000 0.562647846922 Long DBT CORP US N 2 2034-04-26 Fixed 4.97000000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 07336UAA1 200000.00000000 PA USD 211661.53000000 0.168338519946 Long DBT CORP MX N 2 2038-06-29 Fixed 8.45000000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 072912AA6 200000.00000000 PA USD 205860.00000000 0.163724450618 Long DBT CORP MX N 2 2035-02-11 Fixed 7.63000000 N N N N N N AT&T Inc 549300Z40J86GGSTL398 00206RCP5 675000.00000000 PA USD 643510.28000000 0.511796206452 Long DBT CORP US N 2 2035-05-15 Fixed 4.50000000 N N N N N N ALASKA AIRLINES 2020 TR N/A 01166VAA7 631071.43000000 PA USD 632116.74000000 0.502734703114 Long DBT CORP US N 2 2027-08-15 Fixed 4.80000000 N N N N N N PHILIP MORRIS INTL INC HL3H1H2BGXWVG3BSWR90 718172DB2 600000.00000000 PA USD 619874.06000000 0.492997862265 Long DBT CORP US N 2 2033-02-15 Fixed 5.38000000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAW4 600000.00000000 PA USD 630867.60000000 0.501741237845 Long DBT CORP US N 2 2028-11-15 Fixed 6.85000000 N N N N N N COMCAST CORP 51M0QTTNCGUN7KFCFZ59 20030NDS7 325000.00000000 PA USD 197968.66000000 0.157448314865 Long DBT CORP US N 2 2051-11-01 Fixed 2.89000000 N N N N N N CISCO SYSTEMS INC 549300LKFJ962MZ46593 17275RAF9 275000.00000000 PA USD 284227.27000000 0.226051460368 Long DBT CORP US N 2 2040-01-15 Fixed 5.50000000 N N N N N N CITADEL SECURITIES GLOBA 549300NV5RXBUS3X7L47 17289RAB2 348000.00000000 PA USD 357209.05000000 0.284095285471 Long DBT CORP US N 2 2035-06-18 Fixed 6.20000000 N N N N N N SMBC AVIATION CAPITAL FI 549300OD7VKRVNWB2J98 78448TAM4 525000.00000000 PA USD 531657.77000000 0.422837735889 Long DBT CORP IE N 2 2034-04-03 Fixed 5.55000000 N N N N N N DOMINION ENERGY INC ILUL7B6Z54MRYCF6H308 25746UDR7 550000.00000000 PA USD 564014.12000000 0.448571368590 Long DBT CORP US N 2 2032-11-15 Fixed 5.38000000 N N N N N N HEXCEL CORP S6Q7LW43WUBUHXY2QP69 428291AP3 625000.00000000 PA USD 636190.69000000 0.505974794563 Long DBT CORP US N 2 2035-02-26 Fixed 5.88000000 N N N N N N LAS VEGAS SANDS CORP 549300DUOO1KXOHPM605 517834AN7 100000.00000000 PA USD 103202.18000000 0.082078695342 Long DBT CORP US N 2 2030-06-14 Fixed 6.00000000 N N N N N N FOUNDRY JV HOLDCO LLC 21380048QROAMGM6EP30 350930AH6 600000.00000000 PA USD 621479.62000000 0.494274795273 Long DBT CORP US N 2 2036-01-25 Fixed 6.10000000 N N N N N N PACIFIC GAS & ELECTRIC 1HNPXZSMMB7HMBMVBS46 694308JN8 425000.00000000 PA USD 342975.41000000 0.272774995520 Long DBT CORP US N 2 2050-07-01 Fixed 4.95000000 N N N N N N VAR ENERGI ASA 549300LIVN3FFOJN2K47 92212WAF7 225000.00000000 PA USD 230661.93000000 0.183449906576 Long DBT CORP NO N 2 2030-05-22 Fixed 5.88000000 N N N N N N EQT CORP 4NT01YGM4X7ZX86ISY52 26884LBA6 246000.00000000 PA USD 270477.75000000 0.215116200443 Long DBT CORP US N 2 2030-06-01 Fixed 7.50000000 N N N N N N AEP TRANSMISSION CO LLC 549300X123Z1I0LA3Y84 00115AAQ2 450000.00000000 PA USD 434128.64000000 0.345270927240 Long DBT CORP US N 2 2053-03-15 Fixed 5.40000000 N N N N N N DUKE ENERGY FLORIDA LLC 7MOHLM3DKE63RX2ZCN83 26444HAR2 575000.00000000 PA USD 612787.48000000 0.487361767748 Long DBT CORP US N 2 2053-11-15 Fixed 6.20000000 N N N N N N COMCAST CORP 51M0QTTNCGUN7KFCFZ59 20030NDH1 1050000.00000000 PA USD 872213.08000000 0.693687978942 Long DBT CORP US N 2 2040-04-01 Fixed 3.75000000 N N N N N N TOTALENERGIES CAPITAL SA 529900QI55ZLJVCMPA71 89157XAC5 250000.00000000 PA USD 242654.87000000 0.192988124359 Long DBT CORP FR N 2 2064-04-05 Fixed 5.64000000 N N N N N N CVS HEALTH CORP 549300EJG376EN5NQE29 126650DZ0 225000.00000000 PA USD 215136.76000000 0.171102437767 Long DBT CORP US N 2 2053-06-01 Fixed 5.88000000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141GB37 1825000.00000000 PA USD 1841660.97000000 1.464708688130 Long DBT CORP US N 2 2035-07-23 Fixed 5.33000000 N N N N N N INTESA SANPAOLO SPA 2W8N8UU78PMDQKZENC08 46115HCD7 575000.00000000 PA USD 645986.38000000 0.513765496805 Long DBT CORP IT N 2 2033-11-28 Fixed 7.20000000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 83368RAY8 550000.00000000 PA USD 505208.18000000 0.401801863977 Long DBT CORP FR N 2 2035-07-08 Fixed 3.65000000 N N N N N N KINDER MORGAN INC 549300WR7IX8XE0TBO16 49456BBC4 200000.00000000 PA USD 207393.31000000 0.164943921799 Long DBT CORP US N 2 2035-06-01 Fixed 5.85000000 N N N N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 225401AU2 1125000.00000000 PA USD 1021528.78000000 0.812441651104 Long DBT CORP CH N 2 2032-05-14 Fixed 3.09000000 N N N N N N UNITED AIR 2024-1 AA PTT N/A 90932WAA1 470866.30000000 PA USD 476838.49000000 0.379238899295 Long DBT CORP US N 2 2037-02-15 Fixed 5.45000000 N N N N N N CHENIERE ENERGY PARTNERS 5493005UEC8AZ34LDV29 16411QAV3 700000.00000000 PA USD 705769.30000000 0.561312012560 Long DBT CORP US N 2 2035-10-30 Fixed 5.55000000 N N N N N N GLENCORE FUNDING LLC 213800STG1QDNBY87K49 378272BU1 525000.00000000 PA USD 535362.77000000 0.425784394247 Long DBT CORP US N 2 2034-04-04 Fixed 5.63000000 N N N N N N OCCIDENTAL PETROLEUM COR IM7X0T3ECJW4C1T7ON55 674599EK7 800000.00000000 PA USD 794004.88000000 0.631487480648 Long DBT CORP US N 2 2032-01-01 Fixed 5.38000000 N N N N N N AVOLON HOLDINGS FNDG LTD 635400ZRKEX9L1BKCH30 05401AAZ4 200000.00000000 PA USD 203818.70000000 0.162100965137 Long DBT CORP KY N 2 2030-05-30 Fixed 5.38000000 N N N N N N VIRGINIA ELEC & POWER CO CQKUMNNZVDJLRYV2PT43 927804GR9 350000.00000000 PA USD 351007.32000000 0.279162929320 Long DBT CORP US N 2 2034-08-15 Fixed 5.05000000 N N N N N N AbbVie Inc FR5LCKFTG8054YNNRU85 00287YAR0 400000.00000000 PA USD 386639.99000000 0.307502282861 Long DBT CORP US N 2 2035-05-14 Fixed 4.50000000 N N N N N N US BANCORP N1GZ7BBF3NP8GI976H15 91159HJL5 300000.00000000 PA USD 296335.46000000 0.235681338711 Long DBT CORP US N 2 2034-02-01 Fixed 4.84000000 N N N N N N DTE ENERGY CO 549300IX8SD6XXD71I78 233331BL0 650000.00000000 PA USD 680306.49000000 0.541060945921 Long DBT CORP US N 2 2034-06-01 Fixed 5.85000000 N N N N N N MSCI INC 549300HTIN2PD78UB763 55354GAK6 650000.00000000 PA USD 610141.48000000 0.485257352630 Long DBT CORP US N 2 2030-09-01 Fixed 3.63000000 N N N N N N Petroleos Mexicanos 549300CAZKPF4HKMPX17 71654QCG5 302000.00000000 PA USD 300090.64000000 0.238667906196 Long DBT CORP MX N 2 2027-03-13 Fixed 6.50000000 N N N N N N HYUNDAI CAPITAL AMERICA 549300RIPPWJB5Z0FK07 44891ADW4 825000.00000000 PA USD 834319.21000000 0.663550249186 Long DBT CORP US N 2 2030-06-24 Fixed 5.10000000 N N N N N N AMERICAN NATIONAL GROUP 549300RK5RZQ740FPL83 02772AAA7 575000.00000000 PA USD 590286.62000000 0.469466397390 Long DBT CORP US N 2 2032-06-13 Fixed 6.14000000 N N N N N N MACQUARIE AIRFINANCE HLD 549300MCGUSL5B852H65 55609NAD0 450000.00000000 PA USD 476590.05000000 0.379041310144 Long DBT CORP GB N 2 2031-03-26 Fixed 6.50000000 N N N N N N INTEL CORP KNX4USFCNGPY45LOCE31 458140CB4 850000.00000000 PA USD 703499.87000000 0.559507090866 Long DBT CORP US N 2 2052-08-05 Fixed 4.90000000 N N N N N N ONEOK INC 2T3D6M0JSY48PSZI1Q41 682680CQ4 275000.00000000 PA USD 280978.12000000 0.223467348357 Long DBT CORP US N 2 2029-06-01 Fixed 5.38000000 N N N N N N AS MILEAGE PLAN IP LTD N/A 00218QAB6 375000.00000000 PA USD 369161.24000000 0.293601093989 Long DBT CORP KY N 2 2031-10-20 Fixed 5.31000000 N N N N N N Oracle Corp 1Z4GXXU7ZHVWFCD8TV52 68389XBX2 1135000.00000000 PA USD 794490.01000000 0.631873313946 Long DBT CORP US N 2 2050-04-01 Fixed 3.60000000 N N N N N N KROGER CO 6CPEOKI6OYJ13Q6O7870 501044DV0 625000.00000000 PA USD 620917.30000000 0.493827571271 Long DBT CORP US N 2 2034-09-15 Fixed 5.00000000 N N N N N N SIEMENS FUNDING BV 213800CCRGH2TO338X64 82622RAF3 200000.00000000 PA USD 205966.10000000 0.163808834006 Long DBT CORP NL N 2 2055-05-28 Fixed 5.80000000 N N N N N N ADVENTIST HEALTH SYS/W 5493008YM33UCY5QPW83 007944AH4 325000.00000000 PA USD 327043.46000000 0.260104006688 Long DBT CORP US N 2 2032-03-01 Fixed 5.43000000 N N N N N N PNC FINANCIAL SERVICES CFGNEKW0P8842LEUIA51 693475BZ7 850000.00000000 PA USD 865892.77000000 0.688661313818 Long DBT CORP US N 2 2035-07-23 Fixed 5.40000000 N N N N N N COMMONWEALTH EDISON CO D8YOXB8L2ZDC8P7Q0771 202795KB5 425000.00000000 PA USD 440475.38000000 0.350318612656 Long DBT CORP US N 2 2055-06-01 Fixed 5.95000000 N N N N N N SMBC AVIATION CAPITAL FI 549300OD7VKRVNWB2J98 78448TAF9 350000.00000000 PA USD 328100.08000000 0.260944357067 Long DBT CORP IE N 2 2028-06-15 Fixed 2.30000000 N N N N N N PFIZER INVESTMENT ENTER 5493000FQO8XF9C0RT95 716973AH5 900000.00000000 PA USD 835374.92000000 0.664389875825 Long DBT CORP SG N 2 2063-05-19 Fixed 5.34000000 N N N N N N TRANS-ALLEGHENY INTERSTA N/A 893045AF1 775000.00000000 PA USD 788868.01000000 0.627402028308 Long DBT CORP US N 2 2031-01-15 Fixed 5.00000000 N N N N N N US BANCORP N1GZ7BBF3NP8GI976H15 91159HJR2 250000.00000000 PA USD 259639.60000000 0.206496409544 Long DBT CORP US N 2 2035-01-23 Fixed 5.68000000 N N N N N N CVS HEALTH CORP 549300EJG376EN5NQE29 126650DQ0 150000.00000000 PA USD 128443.94000000 0.102153956629 Long DBT CORP US N 2 2031-02-28 Fixed 1.88000000 N N N N N N DIAMONDBACK ENERGY INC 549300R22LSX6OHWEN64 25278XAV1 900000.00000000 PA USD 958939.19000000 0.762662936263 Long DBT CORP US N 2 2033-03-15 Fixed 6.25000000 N N N N N N BOEING CO/THE RVHJWBXLJ1RFUBSY1F30 097023DP7 100000.00000000 PA USD 102922.69000000 0.081856411524 Long DBT CORP US N 2 2027-05-01 Fixed 6.26000000 N N N N N N US BANCORP N1GZ7BBF3NP8GI976H15 91159HJV3 550000.00000000 PA USD 561162.30000000 0.446303260833 Long DBT CORP US N 2 2031-05-15 Fixed 5.08000000 N N N N N N CAPITAL POWER US HOLDING N/A 14041TAA6 325000.00000000 PA USD 329468.06000000 0.262032338092 Long DBT CORP US N 2 2028-06-01 Fixed 5.26000000 N N N N N N BRISTOL-MYERS SQUIBB CO HLYYNH7UQUORYSJQCN42 110122EL8 475000.00000000 PA USD 461591.75000000 0.367112871265 Long DBT CORP US N 2 2064-02-22 Fixed 5.65000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 73.00000000 NC USD 59588.92000000 0.047392223792 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT 2 Year U.S. Treasury Notes Futures TUU5 Comdty 2025-09-30 15126122.05000000 USD 59588.92000000 N N N FIRSTENERGY TRANSMISSION 549300AINIIPOLYX2R63 33767BAH2 450000.00000000 PA USD 445490.85000000 0.354307513221 Long DBT CORP US N 2 2035-01-15 Fixed 5.00000000 N N N N N N META PLATFORMS INC BQ4BKCS1HXDV9HN80Z93 30303M8R6 375000.00000000 PA USD 379389.31000000 0.301735676431 Long DBT CORP US N 2 2063-05-15 Fixed 5.75000000 N N N N N N ANHEUSER-BUSCH CO/INBEV N/A 03522AAJ9 400000.00000000 PA USD 366949.24000000 0.291841847487 Long DBT CORP US N 2 2046-02-01 Fixed 4.90000000 N N N N N N TRANSPRTDRA DE GAS INTL 529900780HCVLCEM2440 89387YAC5 200000.00000000 PA USD 203490.40000000 0.161839861780 Long DBT CORP CO N 2 2028-11-01 Fixed 5.55000000 N N N N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ADS1 350000.00000000 PA USD 357055.31000000 0.283973013067 Long DBT CORP US N 2 2032-05-15 Fixed 5.13000000 N N N N N N NATIONWIDE BLDG SOCIETY 549300XFX12G42QIKN82 63861VAB3 625000.00000000 PA USD 621351.73000000 0.494173081876 Long DBT CORP GB N 2 2029-03-08 Fixed 4.30000000 N N N N N N RADIAN GROUP INC 54930005OUP720S5U385 750236AY7 200000.00000000 PA USD 207911.89000000 0.165356358531 Long DBT CORP US N 2 2029-05-15 Fixed 6.20000000 N N N N N LAS VEGAS SANDS CORP 549300DUOO1KXOHPM605 517834AM9 250000.00000000 PA USD 255068.92000000 0.202861259092 Long DBT CORP US N 2 2028-06-15 Fixed 5.63000000 N N N N N N JBS USA HOLD/FOOD/LUX CO N/A 46590XAS5 625000.00000000 PA USD 608373.75000000 0.483851442676 Long DBT CORP LU N 2 2027-01-15 Fixed 2.50000000 N N N N N N PACIFIC GAS & ELECTRIC 1HNPXZSMMB7HMBMVBS46 694308JH1 375000.00000000 PA USD 268556.30000000 0.213588033992 Long DBT CORP US N 2 2040-08-01 Fixed 3.30000000 N N N N N N EQT CORP 4NT01YGM4X7ZX86ISY52 26884LAS8 350000.00000000 PA USD 358005.47000000 0.284728693743 Long DBT CORP US N 2 2027-07-01 Fixed 6.50000000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 404280CY3 200000.00000000 PA USD 176991.93000000 0.140765114656 Long DBT CORP GB N 2 2032-11-22 Fixed 2.87000000 N N N N N N CELANESE US HOLDINGS LLC CD30XVRLT4QO00B1C706 15089QAY0 366000.00000000 PA USD 388759.71000000 0.309188137288 Long DBT CORP US N 2 2033-11-15 Fixed 7.20000000 N N N N N N DT MIDSTREAM INC N/A 23345MAD9 550000.00000000 PA USD 560594.10000000 0.445851360353 Long DBT CORP US N 2 2034-12-15 Fixed 5.80000000 N N N N N N DUKE ENERGY INDIANA LLC 6URPHM2EAWGJ2C6ISB97 26443TAC0 330000.00000000 PA USD 203740.68000000 0.162038914318 Long DBT CORP US N 2 2050-04-01 Fixed 2.75000000 N N N N N N EQT CORP 4NT01YGM4X7ZX86ISY52 26884LAW9 347000.00000000 PA USD 342910.51000000 0.272723379291 Long DBT CORP US N 2 2029-01-15 Fixed 4.50000000 N N N N N N MARSH & MCLENNAN COS INC 549300XMP3KDCKJXIU47 571748CD2 325000.00000000 PA USD 313473.86000000 0.249311840628 Long DBT CORP US N 2 2055-03-15 Fixed 5.40000000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06051GLU1 2350000.00000000 PA USD 2480741.69000000 1.972981979604 Long DBT CORP US N 2 2034-09-15 Fixed 5.87000000 N N N N N N SUMITOMO MITSUI TR BK LT 5493006GGLR4BTEL8O61 86563VBV0 700000.00000000 PA USD 690200.88000000 0.548930146188 Long DBT CORP JP N 2 2034-09-10 Fixed 4.85000000 N N N N N N ALGONQUIN PWR & UTILITY 549300K5VIUTJXQL7X75 015857AF2 325000.00000000 PA USD 326804.25000000 0.259913758335 Long DBT CORP CA N 2 2026-06-15 Fixed 5.37000000 N N N N N N BIOGEN INC W8J5WZB5IY3K0NDQT671 09062XAM5 225000.00000000 PA USD 231862.68000000 0.184404886339 Long DBT CORP US N 2 2055-05-15 Fixed 6.45000000 N N N N N N CONTINENTAL RESOURCES XXRTID9RYWOZ0UPIVR53 212015AV3 325000.00000000 PA USD 273388.43000000 0.217431120699 Long DBT CORP US N 2 2032-04-01 Fixed 2.88000000 N N N N N N VERIZON COMMUNICATIONS 2S72QS2UO2OESLG6Y829 92343VGN8 700000.00000000 PA USD 603648.53000000 0.480093383565 Long DBT CORP US N 2 2032-03-15 Fixed 2.36000000 N N N N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 22535WAR8 300000.00000000 PA USD 305699.91000000 0.243129067418 Long DBT CORP FR N 2 2031-05-27 Fixed 5.22000000 N N N N N N ONEOK INC 2T3D6M0JSY48PSZI1Q41 682680CU5 200000.00000000 PA USD 202641.68000000 0.161164858303 Long DBT CORP US N 2 2034-09-01 Fixed 5.65000000 N N N N N N BAT CAPITAL CORP 2138005GYEXN7XRHFA84 05526DBR5 575000.00000000 PA USD 544153.58000000 0.432775895936 Long DBT CORP US N 2 2028-03-25 Fixed 2.26000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 46647PEH5 3225000.00000000 PA USD 3389483.26000000 2.695721775107 Long DBT CORP US N 2 2035-04-22 Fixed 5.77000000 N N N N N N AVOLON HOLDINGS FNDG LTD 635400ZRKEX9L1BKCH30 05401AAV3 75000.00000000 PA USD 77246.92000000 0.061435973666 Long DBT CORP KY N 2 2029-11-15 Fixed 5.75000000 N N N N N N SILGAN HOLDINGS INC KAF673KJXD92C8KSLU49 827048AX7 550000.00000000 PA USD 535261.43000000 0.425703796579 Long DBT CORP US N 2 2026-04-01 Fixed 1.40000000 N N N N N N ENACT HOLDINGS INC 9845003CA5664B741N19 29249EAA7 925000.00000000 PA USD 960318.90000000 0.763760246385 Long DBT CORP US N 2 2029-05-28 Fixed 6.25000000 N N N N N N PRINCIPAL FINANCIAL GRP CUMYEZJOAF02RYZ1JJ85 74251VAP7 850000.00000000 PA USD 841992.46000000 0.669652933733 Long DBT CORP US N 2 2028-02-15 Fixed 4.11000000 N N N N N N BRUNSWICK CORP YM4O38W15AX4YLLQKU27 117043AW9 300000.00000000 PA USD 309183.51000000 0.245899642062 Long DBT CORP US N 2 2029-03-18 Fixed 5.85000000 N N N N N HCA INC L3CJ6J7LJ2DX62FTXD46 404119DC0 375000.00000000 PA USD 377978.82000000 0.300613886378 Long DBT CORP US N 2 2055-03-01 Fixed 6.20000000 N N N N N N KYNDRYL HOLDINGS INC 549300LQ4LWX2R8ZV130 50155QAN0 450000.00000000 PA USD 480977.06000000 0.382530384283 Long DBT CORP US N 2 2034-02-20 Fixed 6.35000000 N N N N N MITSUBISHI HC FIN AMER 3538008O2MCHLB9FAL82 606790AC7 600000.00000000 PA USD 612105.34000000 0.486819248576 Long DBT CORP US N 2 2029-10-24 Fixed 5.15000000 N N N N N N BP CAP MARKETS AMERICA 5493009NTB34VXE1T760 10373QBV1 525000.00000000 PA USD 526475.61000000 0.418716263534 Long DBT CORP US N 2 2033-09-11 Fixed 4.89000000 N N N N N N ALIBABA GROUP HOLDING 5493001NTNQJDH60PM02 01609WAY8 440000.00000000 PA USD 307117.01000000 0.244256114533 Long DBT CORP KY N 2 2041-02-09 Fixed 2.70000000 N N N N N N CLEVELAND ELECTRIC ILLUM N/A 186108CL8 250000.00000000 PA USD 245883.45000000 0.195555876651 Long DBT CORP US N 2 2030-11-15 Fixed 4.55000000 N N N N N N ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 78017DAC2 675000.00000000 PA USD 689143.45000000 0.548089151600 Long DBT CORP CA N 2 2031-02-04 Fixed 5.15000000 N N N N N N BANCO SANTANDER MEXICO SCRYQ25DTVRHYYMM6P89 05969BAF0 200000.00000000 PA USD 204200.00000000 0.162404220422 Long DBT CORP MX N 2 2029-12-10 Fixed 5.62000000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 05964HBG9 800000.00000000 PA USD 831434.57000000 0.661256039047 Long DBT CORP ES N 2 2031-07-15 Fixed 5.44000000 N N N N N N ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 78017DAH1 200000.00000000 PA USD 203060.72000000 0.161498128942 Long DBT CORP CA N 2 2031-05-02 Fixed 4.97000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -49.00000000 NC USD -41746.07000000 -0.03320145912 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT 5 Year U.S. Treasury Notes FVU5 Comdty 2025-09-30 -5299253.93000000 USD -41746.07000000 N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 925650AH6 1200000.00000000 PA USD 1202329.92000000 0.956236304352 Long DBT US N 2 2031-11-15 Fixed 5.13000000 N N N N N N FERRELLGAS LP/FERRELLGAS N/A 315289AC2 400000.00000000 PA USD 370399.80000000 0.294586144778 Long DBT CORP US N 2 2029-04-01 Fixed 5.88000000 N N N N N N EQT CORP 4NT01YGM4X7ZX86ISY52 26884LBC2 375000.00000000 PA USD 369320.17000000 0.293727494100 Long DBT CORP US N 2 2031-01-15 Fixed 4.75000000 N N N N N N HOME DEPOT INC QEKMOTMBBKA8I816DO57 437076DE9 600000.00000000 PA USD 607560.37000000 0.483204545787 Long DBT CORP US N 2 2034-06-25 Fixed 4.95000000 N N N N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 30225VAK3 150000.00000000 PA USD 155653.36000000 0.123794136077 Long DBT US N 2 2030-07-01 Fixed 5.50000000 N N N N N N UBS GROUP AG 549300SZJ9VS8SGXAN81 225401BB3 500000.00000000 PA USD 618385.88000000 0.491814283848 Long DBT CORP CH N 2 2033-11-15 Fixed 9.02000000 N N N N N N CHARTER COMM OPT LLC/CAP N/A 161175BA1 400000.00000000 PA USD 396606.34000000 0.315428714311 Long DBT CORP US N 2 2045-10-23 Fixed 6.48000000 N N N N N N UBER TECHNOLOGIES INC 549300B2FTG34FILDR98 90353TAN0 225000.00000000 PA USD 224152.52000000 0.178272846554 Long DBT CORP US N 2 2030-01-15 Fixed 4.30000000 N N N N N N PacifiCorp SGY07Y7FNYBNLM6Z1M11 695114CV8 250000.00000000 PA USD 190157.33000000 0.151235812616 Long DBT CORP US N 2 2050-02-15 Fixed 4.15000000 N N N N N N FIRST HORIZON CORP TF3RXI1ZB1TQ30H9JV10 320517AE5 190000.00000000 PA USD 192781.55000000 0.153322905679 Long DBT CORP US N 2 2031-03-07 Fixed 5.51000000 N N N N N N CHARTER COMM OPT LLC/CAP N/A 161175CE2 100000.00000000 PA USD 71348.07000000 0.056744503854 Long DBT CORP US N 2 2042-03-01 Fixed 3.50000000 N N N N N N PHILLIPS EDISON GROCERY 549300WUPIVS6ZE0ZI51 71845JAD0 250000.00000000 PA USD 252495.97000000 0.200814942055 Long DBT US N 2 2032-08-15 Fixed 5.25000000 N N N N N N RAIZEN FUELS FINANCE 52990010NH26VC32Q522 75102XAB2 206000.00000000 PA USD 206331.25000000 0.164099244883 Long DBT CORP LU N 2 2034-03-05 Fixed 6.45000000 N N N N N N META PLATFORMS INC BQ4BKCS1HXDV9HN80Z93 30303M8W5 75000.00000000 PA USD 73356.02000000 0.058341465433 Long DBT CORP US N 2 2064-08-15 Fixed 5.55000000 N N N N N N AIRCASTLE / IRELAND DAC N/A 00929JAA4 300000.00000000 PA USD 308681.81000000 0.245500630322 Long DBT CORP BM N 2 2031-10-01 Fixed 5.75000000 N N N N N N NUTRIEN LTD 5493002QQ7GD21OWF963 67077MBF4 350000.00000000 PA USD 357079.16000000 0.283991981435 Long DBT CORP CA N 2 2032-03-12 Fixed 5.25000000 N N N N N N SOUTHERN CAL EDISON 9R1Z5I36FERIBVKW4P77 842400HX4 250000.00000000 PA USD 228513.26000000 0.181741027652 Long DBT CORP US N 2 2053-12-01 Fixed 5.88000000 N N N N N N NEXTERA ENERGY CAPITAL UMI46YPGBLUE4VGNNT48 65339KDL1 775000.00000000 PA USD 790356.78000000 0.628586075964 Long DBT CORP US N 2 2035-03-15 Fixed 5.45000000 N N N N N N JDE PEET'S NV 724500EHG519SE5ZRT89 47216QAB9 1050000.00000000 PA USD 999403.42000000 0.794844923178 Long DBT CORP NL N 2 2027-01-15 Fixed 1.38000000 N N N N N N ALLY FINANCIAL INC 549300JBN1OSM8YNAI90 02005NBV1 150000.00000000 PA USD 153083.82000000 0.121750531079 Long DBT CORP US N 2 2035-07-26 Fixed 6.18000000 N N N N N N WARNERMEDIA HOLDINGS INC 549300DXR29GD4N0A520 55903VBC6 650000.00000000 PA USD 486687.50000000 0.387072007968 Long DBT CORP US N 2 2032-03-15 Fixed 4.28000000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397C68 1450000.00000000 PA USD 1531285.25000000 1.217860858332 Long DBT CORP US N 2 2030-03-06 Fixed 7.35000000 N N N N N N HYATT HOTELS CORP T27JQIMTYSH41TCD5186 448579AU6 475000.00000000 PA USD 480282.45000000 0.381977947478 Long DBT CORP US N 2 2028-03-30 Fixed 5.05000000 N N N N N N UNITED AIR 2020-1 A PTT N/A 90931GAA7 317996.67000000 PA USD 324764.85000000 0.258291783961 Long DBT CORP US N 2 2027-10-15 Fixed 5.88000000 N N N N N N VISTRA OPERATIONS CO LLC 549300ZH5GKBTJZ7NM23 92840VAU6 525000.00000000 PA USD 535032.17000000 0.425521461655 Long DBT CORP US N 2 2034-12-30 Fixed 5.70000000 N N N N N N UBER TECHNOLOGIES INC 549300B2FTG34FILDR98 90353TAP5 725000.00000000 PA USD 712592.64000000 0.566738747200 Long DBT CORP US N 2 2034-09-15 Fixed 4.80000000 N N N N N N ROCKETMTGE CO-ISSUER INC N/A 74841CAB7 545000.00000000 PA USD 505642.21000000 0.402147056454 Long DBT CORP US N 2 2031-03-01 Fixed 3.88000000 N N N N N N LAS VEGAS SANDS CORP 549300DUOO1KXOHPM605 517834AK3 210000.00000000 PA USD 215929.36000000 0.171732807919 Long DBT CORP US N 2 2029-08-15 Fixed 6.00000000 N N N N N N JBS USA HOLD/FOOD GRP/CO N/A 472140AG7 150000.00000000 PA USD 150685.50000000 0.119843100668 Long DBT CORP US N 2 2056-03-01 Fixed 6.25000000 N N N N N N ATMOS ENERGY CORP QVLWEGTD2S8GJMO8D383 049560BA2 300000.00000000 PA USD 324877.67000000 0.258381511896 Long DBT CORP US N 2 2053-11-15 Fixed 6.20000000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 05964HAQ8 600000.00000000 PA USD 596683.28000000 0.474553785150 Long DBT CORP ES N 2 2028-03-24 Fixed 4.18000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95000U3H4 1200000.00000000 PA USD 1312117.54000000 1.043552527849 Long DBT CORP US N 2 2034-10-23 Fixed 6.49000000 N N N N N N THERMO FISHER SCIENTIFIC HCHV7422L5HDJZCRFL38 883556DB5 575000.00000000 PA USD 591222.18000000 0.470210466403 Long DBT CORP US N 2 2034-01-31 Fixed 5.20000000 N N N N N N AIRCASTLE / IRELAND DAC N/A 00929JAB2 450000.00000000 PA USD 453983.71000000 0.361062049496 Long DBT CORP BM N 2 2030-03-15 Fixed 5.25000000 N N N N N N SYNOVUS FINANCIAL CORP 549300EIUS8UN5JTLE54 87161CAP0 735000.00000000 PA USD 754249.97000000 0.599869629685 Long DBT CORP US N 2 2030-11-01 Fixed 6.17000000 N N N N N N HA SUSTAINABLE INF CAP 254900ZZRL7MWL1X8E92 41068XAF7 600000.00000000 PA USD 600398.85000000 0.477508850034 Long DBT CORP US N 2 2034-07-01 Fixed 6.38000000 N N N N N N COPT DEFENSE PROP LP H0TWO5VRNEP6CQAWPX27 22003BAM8 925000.00000000 PA USD 818666.77000000 0.651101560078 Long DBT US N 2 2031-04-15 Fixed 2.75000000 N N N N N N CHARTER COMM OPT LLC/CAP N/A 161175CC6 825000.00000000 PA USD 578947.56000000 0.460448223053 Long DBT CORP US N 2 2061-12-01 Fixed 4.40000000 N N N N N N CENTENE CORP 549300Z7JJ4TQSQGT333 15135BAW1 1075000.00000000 PA USD 961228.48000000 0.764483653000 Long DBT CORP US N 2 2030-10-15 Fixed 3.00000000 N N N N N N SUMITOMO MITSUI FINL GRP 35380028MYWPB6AUO129 86562MDC1 450000.00000000 PA USD 475898.11000000 0.378490996842 Long DBT CORP JP N 2 2030-07-13 Fixed 5.85000000 N N N N N N MACQUARIE AIRFINANCE HLD 549300MCGUSL5B852H65 55609NAF5 200000.00000000 PA USD 202369.60000000 0.160948467802 Long DBT CORP GB N 2 2028-03-27 Fixed 5.20000000 N N N N N N GLOBAL ATLANTIC FIN CO 98450051B2E65CAA7E94 37959GAG2 325000.00000000 PA USD 339162.85000000 0.269742792608 Long DBT CORP US N 2 2054-10-15 Fixed 7.95000000 N N N N N N Morgan Stanley & Co. LLC 549300BI6Y5SI6BYPB26 61747C707 3059393.16000000 NS USD 3059393.16000000 2.433194716538 Long STIV RF US N 1 N N N AMAZON.COM INC ZXTILKJKG63JELOEG630 023135BT2 475000.00000000 PA USD 285752.48000000 0.227264489462 Long DBT CORP US N 2 2050-06-03 Fixed 2.50000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -18.00000000 NC USD -64308.70000000 -0.05114595636 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT Ultra Long-Term U.S. Treasury Bond Futures WNU5 Comdty 2025-09-19 -2079941.30000000 USD -64308.70000000 N N N VERISK ANALYTICS INC 549300I1YSWNIRKBWP67 92345YAL0 550000.00000000 PA USD 553343.86000000 0.440085103864 Long DBT CORP US N 2 2035-03-15 Fixed 5.25000000 N N N N N N CSL FINANCE PLC 2549007CCNBNAF4HBC02 12661PAG4 550000.00000000 PA USD 559310.21000000 0.444830257735 Long DBT CORP GB N 2 2034-04-03 Fixed 5.11000000 N N N N N N NEXA RESOURCES SA 549300QRMRHM7GAU7L47 65290DAB9 200000.00000000 PA USD 209033.20000000 0.166248158122 Long DBT CORP LU N 2 2034-04-09 Fixed 6.75000000 N N N N N LAS VEGAS SANDS CORP 549300DUOO1KXOHPM605 517834AJ6 625000.00000000 PA USD 638861.54000000 0.508098973368 Long DBT CORP US N 2 2027-06-01 Fixed 5.90000000 N N N N N N ENERGY TRANSFER LP MTLVN9N7JE8MIBIJ1H73 29273VAY6 425000.00000000 PA USD 430486.06000000 0.342373912719 Long DBT CORP US N 2 2034-05-15 Fixed 5.55000000 N N N N N N JEFFERIES FIN GROUP INC 549300HOF34RGOJ5YL07 47233WEJ4 200000.00000000 PA USD 209304.68000000 0.166464071431 Long DBT CORP US N 2 2034-04-14 Fixed 6.20000000 N N N N N N LPL HOLDINGS INC 549300Z5YF8CCRMYUL26 50212YAN4 425000.00000000 PA USD 428314.30000000 0.340646669870 Long DBT CORP US N 2 2028-04-03 Fixed 4.90000000 N N N N N N ARCHES BUYER INC 2549009ADY4208OH2Y47 039524AA1 400000.00000000 PA USD 383116.28000000 0.304699807956 Long DBT CORP US N 2 2028-06-01 Fixed 4.25000000 N N N N N N NORTHERN NATURAL GAS CO 5493007M02M6CT9EXE41 665501AN2 425000.00000000 PA USD 410112.89000000 0.326170735484 Long DBT CORP US N 2 2054-02-01 Fixed 5.63000000 N N N N N N FISERV INC GI7UBEJLXYLGR2C7GV83 337738BK3 575000.00000000 PA USD 596409.27000000 0.474335859683 Long DBT CORP US N 2 2031-03-15 Fixed 5.35000000 N N N N N N MASTERCARD INC AR5L2ODV9HN37376R084 57636QBG8 550000.00000000 PA USD 566132.12000000 0.450255855068 Long DBT CORP US N 2 2032-03-15 Fixed 4.95000000 N N N N N N LITHIA MOTORS INC SE8N1EZEHPZQBCBVKD53 536797AG8 400000.00000000 PA USD 381793.88000000 0.303648077588 Long DBT CORP US N 2 2029-06-01 Fixed 3.88000000 N N N N N N BAT CAPITAL CORP 2138005GYEXN7XRHFA84 05526DBT1 175000.00000000 PA USD 138242.91000000 0.109947267519 Long DBT CORP US N 2 2040-09-25 Fixed 3.73000000 N N N N N N BERKSHIRE HATHAWAY ENERG 549300JD0S5IZJE9LY15 084659BC4 350000.00000000 PA USD 214902.21000000 0.170915895603 Long DBT CORP US N 2 2051-05-15 Fixed 2.85000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -76.00000000 NC USD -180734.37000000 -0.14374154977 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short CBOT 10 Year U.S. Treasury Notes TYU5 Comdty 2025-09-19 -8340765.63000000 USD -180734.37000000 N N N PERRIGO FINANCE UNLIMITE 549300E86RB6YCTMRM83 71429MAC9 525000.00000000 PA USD 516560.05000000 0.410830226355 Long DBT CORP IE N 2 2030-06-15 Fixed 4.90000000 N N N N N N BOEING CO RVHJWBXLJ1RFUBSY1F30 097023CX1 225000.00000000 PA USD 214074.18000000 0.170257347284 Long DBT CORP US N 2 2060-05-01 Fixed 5.93000000 N N N N N N GLOBAL ATLANTIC FIN CO 98450051B2E65CAA7E94 37959GAF4 250000.00000000 PA USD 256399.25000000 0.203919296343 Long DBT CORP US N 2 2054-03-15 Fixed 6.75000000 N N N N N N DELTA AIR LINES/SKYMILES N/A 830867AB3 900000.00000000 PA USD 902510.32000000 0.717783961524 Long DBT CORP XX N 2 2028-10-20 Fixed 4.75000000 N N N N N N CONSTELLATION EN GEN LLC S2PEWKCZFFECR4533P43 210385AF7 350000.00000000 PA USD 343282.48000000 0.273019214247 Long DBT CORP US N 2 2054-03-15 Fixed 5.75000000 N N N N N N Gilead Sciences Inc 549300WTZWR07K8MNV44 375558BD4 625000.00000000 PA USD 559992.36000000 0.445372784860 Long DBT CORP US N 2 2046-03-01 Fixed 4.75000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912797QH3 840000.00000000 PA USD 836529.17000000 0.665307873236 Long STIV UST US N 2 2025-08-05 None 0.00000000 N N N N N N PENSKE TRUCK LEASING/PTL N/A 709599BW3 300000.00000000 PA USD 312653.05000000 0.248659034515 Long DBT CORP US N 2 2028-08-01 Fixed 6.05000000 N N N N N N AVOLON HOLDINGS FNDG LTD 635400ZRKEX9L1BKCH30 05401AAW1 650000.00000000 PA USD 653687.92000000 0.519890680937 Long DBT CORP KY N 2 2028-01-15 Fixed 4.95000000 N N N N N N EXPAND ENERGY CORP X2MT1W32SPAZ9WSKLE78 165167DH7 250000.00000000 PA USD 253782.25000000 0.201837945486 Long DBT CORP US N 2 2035-01-15 Fixed 5.70000000 N N N N N N CONCENTRIX CORP 5493000EAJN1KMPVA737 20602DAA9 600000.00000000 PA USD 611089.83000000 0.486011593778 Long DBT CORP US N 2 2026-08-02 Fixed 6.65000000 N N N N N N TARGA RESOURCES CORP 5493003QENHHS261UR94 87612GAP6 600000.00000000 PA USD 605304.09000000 0.481410082542 Long DBT CORP US N 2 2030-09-15 Fixed 4.90000000 N N N N N N APPLE INC HWUPKR0MPOU8FGXBT394 037833DQ0 825000.00000000 PA USD 554207.95000000 0.440772331400 Long DBT CORP US N 2 2049-09-11 Fixed 2.95000000 N N N N N N ENBRIDGE INC 98TPTUM4IVMFCZBCUR27 29250NCK9 825000.00000000 PA USD 839020.57000000 0.667289331976 Long DBT CORP CA N 2 2035-06-20 Fixed 5.55000000 N N N N N N BANK OF NOVA SCOTIA L3I9ZG2KFGXZ61BMYR72 0641598V1 475000.00000000 PA USD 504906.48000000 0.401561916116 Long DBT CORP CA N 2 2084-01-27 Fixed 8.00000000 N N N N N N AIB GROUP PLC 635400AKJBGNS5WNQL34 00135TAF1 575000.00000000 PA USD 585279.33000000 0.465484002538 Long DBT CORP IE N 2 2031-05-15 Fixed 5.32000000 N N N N N N DAI-ICHI LIFE INSURANCE 3538001235ACEIORUV72 23381LAA2 400000.00000000 PA USD 404629.60000000 0.321809768599 Long DBT CORP JP N 2 2035-01-16 Fixed 6.20000000 N N N N N N HF SINCLAIR CORP 2549009G116AM01XHN24 403949AR1 625000.00000000 PA USD 640418.64000000 0.509337365198 Long DBT CORP US N 2 2031-01-15 Fixed 5.75000000 N N N N N N OCCIDENTAL PETROLEUM COR IM7X0T3ECJW4C1T7ON55 674599EL5 75000.00000000 PA USD 73643.07000000 0.058569761865 Long DBT CORP US N 2 2034-10-01 Fixed 5.55000000 N N N N N UNITEDHEALTH GROUP INC 549300GHBMY8T5GXDE41 91324PFL1 1050000.00000000 PA USD 1019257.48000000 0.810635242162 Long DBT CORP US N 2 2054-07-15 Fixed 5.63000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 124.00000000 NC USD 507528.41000000 0.403647187896 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Long CBOT U.S. Long Bond Futures USU5 Comdty 2025-09-19 13810596.59000000 USD 507528.41000000 N N N MIDAMERICAN ENERGY CO NINLOILYRTLIMK26MZ18 595620AV7 275000.00000000 PA USD 185799.21000000 0.147769715255 Long DBT CORP US N 2 2050-04-15 Fixed 3.15000000 N N N N N N BOEING CO RVHJWBXLJ1RFUBSY1F30 097023CW3 560000.00000000 PA USD 537557.05000000 0.427529547689 Long DBT CORP US N 2 2050-05-01 Fixed 5.81000000 N N N N N N ESSENT GROUP LTD 254900QUO860OUT6ZF83 29669JAA7 775000.00000000 PA USD 803097.42000000 0.638718954058 Long DBT CORP BM N 2 2029-07-01 Fixed 6.25000000 N N N N N N JBS USA SARL/FOOD/GRP N/A 472140AA0 500000.00000000 PA USD 518490.00000000 0.412365153021 Long DBT CORP US N 2 2035-04-20 Fixed 5.95000000 N N N N N N SNAM SPA 8156002278562044AF79 83304JAB3 425000.00000000 PA USD 434408.97000000 0.345493879126 Long DBT CORP IT N 2 2035-05-28 Fixed 5.75000000 N N N N N N IMPERIAL BRANDS FIN PLC 2138008L3B3MCG1DFS50 45262BAK9 600000.00000000 PA USD 602260.07000000 0.478989114398 Long DBT CORP GB N 2 2035-07-01 Fixed 5.63000000 N N N N N N VIDEOTRON LTD 549300LW4GNJRBECSD81 92660FAN4 650000.00000000 PA USD 624221.13000000 0.496455171347 Long DBT CORP CA N 2 2029-06-15 Fixed 3.63000000 N N N N N N ENTERPRISE PRODUCTS OPER 5493004LGN656HWLDA30 29379VCA9 275000.00000000 PA USD 179656.31000000 0.142884147745 Long DBT CORP US N 2 2052-02-15 Fixed 3.20000000 N N N N N N CAIXABANK SA 7CUNS533WID6K7DGFI87 12803RAC8 625000.00000000 PA USD 686821.29000000 0.546242292714 Long DBT CORP ES N 2 2034-09-13 Fixed 6.84000000 N N N N N N ATHENE HOLDING LTD 549300H316CT32FQXI76 04686JAF8 275000.00000000 PA USD 297507.82000000 0.236613739357 Long DBT CORP US N 2 2033-02-01 Fixed 6.65000000 N N N N N SIEMENS FUNDING BV 213800CCRGH2TO338X64 82622RAG1 200000.00000000 PA USD 207182.19000000 0.164776013968 Long DBT CORP NL N 2 2065-05-28 Fixed 5.90000000 N N N N N N HCA INC L3CJ6J7LJ2DX62FTXD46 404119CB3 125000.00000000 PA USD 82880.02000000 0.065916087349 Long DBT CORP US N 2 2051-07-15 Fixed 3.50000000 N N N N N N VAR ENERGI ASA 549300LIVN3FFOJN2K47 92212WAD2 600000.00000000 PA USD 635590.80000000 0.505497690411 Long DBT CORP NO N 2 2028-01-15 Fixed 7.50000000 N N N N N N COMMONWEALTH BANK AUST MSFSBD3QN1GSN7Q6C537 202712BK0 375000.00000000 PA USD 355329.19000000 0.282600196353 Long DBT CORP AU N 2 2034-09-12 Fixed 3.61000000 N N N N N N NEWCASTLE COAL INFRASTRU 549300YAJ8XYYGW2TZ32 65106WAA3 182699.68000000 PA USD 180578.45000000 0.143617543572 Long DBT CORP AU N 2 2027-09-29 Fixed 4.40000000 N N N N N N BELROSE FUNDING TRUST II N/A 08079KAA2 300000.00000000 PA USD 306918.77000000 0.244098450416 Long DBT CORP US N 2 2055-05-15 Fixed 6.79000000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06051GMD8 950000.00000000 PA USD 950440.33000000 0.755903628071 Long DBT CORP US N 2 2035-10-25 Fixed 5.52000000 N N N N N N GLOBAL PAYMENTS INC 549300NOMHGVQBX6S778 37940XAR3 55000.00000000 PA USD 52926.43000000 0.042093416277 Long DBT CORP US N 2 2052-08-15 Fixed 5.95000000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397C43 1225000.00000000 PA USD 1236987.40000000 0.983800070372 Long DBT CORP US N 2 2026-03-06 Fixed 6.95000000 N N N N N N NOVARTIS CAPITAL CORP 5493002KF87V5RSRQS84 66989HAV0 575000.00000000 PA USD 554393.04000000 0.440919537067 Long DBT CORP US N 2 2034-09-18 Fixed 4.20000000 N N N N N N VIATRIS INC 254900ZZTSW7NL773X71 92556VAD8 500000.00000000 PA USD 445544.65000000 0.354350301404 Long DBT CORP US N 2 2030-06-22 Fixed 2.70000000 N N N N N N ATHENE HOLDING LTD 549300H316CT32FQXI76 04686JAL5 300000.00000000 PA USD 309398.63000000 0.246070731170 Long DBT CORP US N 2 2055-05-19 Fixed 6.63000000 N N N N N N ENTERPRISE PRODUCTS OPER 5493004LGN656HWLDA30 29379VCD3 825000.00000000 PA USD 855365.78000000 0.680288994502 Long DBT CORP US N 2 2033-01-31 Fixed 5.35000000 N N N N N N NEWMONT / NEWCREST FIN N/A 65163LAR0 300000.00000000 PA USD 307951.76000000 0.244920007398 Long DBT CORP US N 2 2034-03-15 Fixed 5.35000000 N N N N N N INTACT FINANCIAL CORP 5493009LXGE7Y4U9OY43 45823TAL0 875000.00000000 PA USD 896424.98000000 0.712944172598 Long DBT CORP CA N 2 2032-09-22 Fixed 5.46000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 17327CAT0 1325000.00000000 PA USD 1319269.48000000 1.049240604442 Long DBT CORP US N 2 2030-09-19 Fixed 4.54000000 N N N N N N ELI LILLY & CO FRDRIPF3EKNDJ2CQJL29 532457CT3 275000.00000000 PA USD 260598.57000000 0.207259096984 Long DBT CORP US N 2 2064-08-14 Fixed 5.20000000 N N N N N N ENGIE SA LAXUQCHT4FH58LRZDY46 29286DAA3 200000.00000000 PA USD 204878.03000000 0.162943470832 Long DBT CORP FR N 2 2029-04-10 Fixed 5.25000000 N N N N N N LIBERTY UTILITIES CO 549300UN1FEYPC5BKW09 531542AA6 825000.00000000 PA USD 849113.63000000 0.675316538347 Long DBT CORP US N 2 2029-01-31 Fixed 5.58000000 N N N N N N IMPERIAL BRANDS FIN PLC 2138008L3B3MCG1DFS50 45262BAF0 425000.00000000 PA USD 438863.36000000 0.349036541885 Long DBT CORP GB N 2 2027-07-27 Fixed 6.13000000 N N N N N N DEUTSCHE BANK NY 7LTWFZYICNSX8D621K86 251526CK3 175000.00000000 PA USD 157050.28000000 0.124905133646 Long DBT CORP DE N 2 2032-05-28 Fixed 3.04000000 N N N N N N ICON INVESTMENTS SIX DAC 635400FQ1M7J2CHLAS59 45115AAA2 600000.00000000 PA USD 612770.95000000 0.487348621119 Long DBT CORP IE N 2 2027-05-08 Fixed 5.81000000 N N N N N N CHARLES SCHWAB CORP 549300VSGCJ7E698NM85 808513CH6 575000.00000000 PA USD 622366.79000000 0.494980378780 Long DBT CORP US N 2 2034-08-24 Fixed 6.14000000 N N N N N N ALLY FINANCIAL INC 549300JBN1OSM8YNAI90 02005NBZ2 225000.00000000 PA USD 229053.49000000 0.182170683048 Long DBT CORP US N 2 2029-05-15 Fixed 5.74000000 N N N N N N Chicago Board of Trade 549300EX04Q2QBFQTQ27 000000000 -64.00000000 NC USD -206781.25000000 -0.16445713861 N/A DIR US N 1 Chicago Board of Trade 549300EX04Q2QBFQTQ27 Short Ultra 10 Year U.S. Treasury Notes Futures UXYU5 Comdty 2025-09-19 -7106218.75000000 USD -206781.25000000 N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 172967NN7 25000.00000000 PA USD 23377.32000000 0.018592435994 Long DBT CORP US N 2 2033-03-17 Fixed 3.79000000 N N N N N N BURLINGTN NORTH SANTA FE N/A 12189LBL4 225000.00000000 PA USD 223056.83000000 0.177401423046 Long DBT CORP US N 2 2055-03-15 Fixed 5.50000000 N N N N N N BANC CREDITO INVERSIONES 549300E9E5Y3PKW24142 05890MAB9 200000.00000000 PA USD 179863.82000000 0.143049184473 Long DBT CORP CL N 2 2031-10-14 Fixed 2.88000000 N N N N N N AS MILEAGE PLAN IP LTD N/A 00218QAA8 300000.00000000 PA USD 297045.40000000 0.236245967763 Long DBT CORP KY N 2 2029-10-20 Fixed 5.02000000 N N N N N N RAIZEN FUELS FINANCE 52990010NH26VC32Q522 75102XAD8 275000.00000000 PA USD 257675.00000000 0.204933925061 Long DBT CORP LU N 2 2035-01-17 Fixed 5.70000000 N N N N N N CITADEL LP 549300IPM6EKPVUPFL67 17288XAC8 625000.00000000 PA USD 652986.89000000 0.519333138182 Long DBT CORP US N 2 2032-01-23 Fixed 6.38000000 N N N N N N AMERICAN INTERNATIONAL ODVCVCQG2BP6VHV36M30 026874DX2 675000.00000000 PA USD 692542.31000000 0.550792330878 Long DBT CORP US N 2 2035-05-07 Fixed 5.45000000 N N N N N N Synchrony Financial 549300RS7EWPM9MA6C78 87165BAG8 500000.00000000 PA USD 499669.73000000 0.397397027275 Long DBT CORP US N 2 2025-07-23 Fixed 4.50000000 N N N N N N GEORGIA POWER CO D981X4Z4RWS7PDMJUZ03 373334KP5 425000.00000000 PA USD 291854.78000000 0.232117767005 Long DBT CORP US N 2 2051-03-15 Fixed 3.25000000 N N N N N N TORONTO-DOMINION BANK PT3QB789TSUIDF371261 89117F8Z5 350000.00000000 PA USD 366417.45000000 0.291418904586 Long DBT CORP CA N 2 2082-10-31 Fixed 8.13000000 N N N N N N 2025-07-17 MORGAN STANLEY INSTITUTIONAL FUND TRUST Francis Smith Francis Smith Principal Financial Officer XXXX