NPORT-P false 0000809593 XXXXXXXX S000056913 C000180737 C000180741 C000205756 C000180738 C000205755 AMERICAN BEACON FUNDS 811-04984 0000809593 549300EXCES9V5RWB620 220 EAST LAS COLINAS BOULEVARD SUITE 1200 IRVING 75039 817-391-6100 American Beacon TwentyFour Strategic Income Fund S000056913 549300UG4J9G1M2VA661 2025-06-30 2024-12-31 N 369410271.95 2805874.81 366604397.14 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1049899.63000000 0.00000000 0.00000000 637658.38000000 EUR GBP USD N Securities Portfolio VaR Designated Reference Portfolio is the Fund Securities Portfolio BP CAPITAL MARKETS PLC 549300CRVT18MXX0AG93 000000000 1000000.00000000 PA 1206518.39000000 0.329106360810 Long DBT CORP GB Y 2 2027-03-22 Fixed 4.25000000 N N N N N N Ballyrock Ltd 254900WCB773D35B5908 05874UAA3 1600000.00000000 PA USD 1610046.40000000 0.439178147496 Long ABS-CBDO CORP KY N 2 2037-10-25 Floating 6.21200000 N N N N N N INTELLIGENT PACKAGING N/A 45827MAA5 800000.00000000 PA USD 787404.64000000 0.214783195767 Long DBT CORP CA N 2 2028-09-15 Fixed 6.00000000 N N N N N N DEUTSCHE BANK AG 7LTWFZYICNSX8D621K86 000000000 1000000.00000000 PA 1087253.77000000 0.296574121445 Long DBT CORP DE Y 2 2029-10-30 Fixed 8.12500000 N N N N N N VOLKSWAGEN INTL FIN NV 5299004PWNHKYTR23649 000000000 200000.00000000 PA 202036.27000000 0.055110160046 Long DBT CORP NL Y 2 2027-06-14 Fixed 3.87500000 N N N N N N ROTHESAY LIFE MFQO711J5UPYBWXSPG12 000000000 4293000.00000000 PA 4447374.43000000 1.213126319459 Long DBT CORP GB Y 2 2031-10-13 Fixed 5.00000000 N N N N N N ANTERO MIDSTREAM PART/FI N/A 03690AAK2 235000.00000000 PA USD 236718.09000000 0.064570444830 Long DBT CORP US N 2 2032-02-01 Fixed 6.62500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1240000.00000000 PA 1550859.23000000 0.423033450252 Long DBT CORP GB Y 2 2025-12-15 Fixed 6.37500000 N N N N N N AIB GROUP PLC 635400AKJBGNS5WNQL34 000000000 1000000.00000000 PA 1045897.47000000 0.285293214745 Long DBT CORP IE Y 2 2025-06-23 Fixed 6.25000000 N N N N N N HILTON DOMESTIC OPERATIN 5493003EG7H0N1E4XV50 432833AH4 800000.00000000 PA USD 799818.07000000 0.218169251716 Long DBT CORP US N 2 2028-05-01 Fixed 5.75000000 N N N N N N OCP CLO Ltd N/A 67119VAA6 1500000.00000000 PA USD 1499505.00000000 0.409025372226 Long ABS-CBDO CORP JE N 2 2037-10-16 Floating 9.96200000 N N N N N N SHERWOOD FINANCING PLC 259400SSZWSSPNYW7K08 000000000 450000.00000000 PA 561946.50000000 0.153284167997 Long DBT CORP GB N 2 2029-12-15 Fixed 9.62500000 N N N N N N AG INSURANCE SA/NV G05OZ4J4E05KDATL0J93 000000000 400000.00000000 PA 416020.45000000 0.113479394476 Long DBT CORP BE Y 2 2047-06-30 Fixed 3.50000000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 000000000 2200000.00000000 PA 2048373.15000000 0.558742111654 Long DBT CORP ES Y 2 2029-03-21 Fixed 3.62500000 N N N N N N RRE Loan Management 549300D6UNTEPRSJ6X22 000000000 1000000.00000000 PA 1052466.82000000 0.287085159973 Long ABS-CBDO CORP IE N 2 2037-01-15 Floating 9.53400000 N N N N N N Contego CLO X DAC 635400JWXSB9BYFICZ26 000000000 2600000.00000000 PA 2700098.51000000 0.736515582209 Long ABS-CBDO CORP IE N 2 2038-05-15 Floating 4.51300000 N N N N N N MAREX GROUP PLC 549300DWX0SVICJAL507 566539AA0 650000.00000000 PA USD 656159.60000000 0.178983014147 Long DBT CORP GB N 2 2029-11-04 Fixed 6.40400000 N N N N N N CAIXABANK SA 7CUNS533WID6K7DGFI87 000000000 2600000.00000000 PA 2484485.56000000 0.677702062327 Long DBT CORP ES Y 2 2028-09-14 Fixed 3.62500000 N N N N N N ENCORE CAPITAL GROUP INC 5493000UVC6H49CIH830 000000000 500000.00000000 PA 586288.63000000 0.159924058351 Long DBT CORP US Y 2 2028-06-01 Fixed 4.25000000 N N N N N N HCA INC L3CJ6J7LJ2DX62FTXD46 404119CQ0 620000.00000000 PA USD 613521.84000000 0.167352558994 Long DBT CORP US N 2 2033-06-01 Fixed 5.50000000 N N N N N N NETWORK I2I LTD 2549003L8M1FGHLHOX45 64132NAC0 300000.00000000 PA USD 291844.26000000 0.079607408497 Long DBT CORP MU N 2 2026-03-03 Fixed 3.97500000 N N N N N N BUPA FINANCE PLC ZIMCVQHUFZ8GVHENP290 000000000 350000.00000000 PA 436009.58000000 0.118931901363 Long DBT CORP GB Y 2 2026-12-08 Fixed 5.00000000 N N N N N N Voya Euro CLO 635400K38PBPFZARQW28 000000000 1300000.00000000 PA 1308264.11000000 0.356859906811 Long ABS-CBDO CORP IE Y 2 2033-04-15 Floating 11.08400000 N N N N N N Capital Four CLO 5493000ABIFW1R8ICX20 000000000 1500000.00000000 PA 1556871.26000000 0.424673373299 Long ABS-CBDO CORP IE N 2 2037-04-25 Floating 4.58600000 N N N N N N KINETIK HOLDINGS LP 549300RD6AJIMYC0HY12 49461MAA8 1225000.00000000 PA USD 1205772.51000000 0.328902904440 Long DBT CORP US N 2 2030-06-15 Fixed 5.87500000 N N N N N N PINNACLE BIDCO PLC 2138006Z5V8OBL2A2Q06 000000000 330000.00000000 PA 438407.81000000 0.119586075186 Long DBT CORP GB Y 2 2028-10-11 Fixed 10.00000000 N N N N N N TARGA RESOURCES CORP 5493003QENHHS261UR94 87612GAF8 600000.00000000 PA USD 634536.99000000 0.173084937046 Long DBT CORP US N 2 2034-03-30 Fixed 6.50000000 N N N N N N BURFORD CAPITAL PLC 549300HCVQH9WYQ2JT20 000000000 500000.00000000 PA 607484.36000000 0.165705693859 Long DBT CORP GB N 2 2026-12-01 Fixed 5.00000000 N N N N N N DUOMO BIDCO SPA 8156008BEDB552B30829 000000000 700000.00000000 PA 730242.98000000 0.199191004171 Long DBT CORP IT N 2 2031-07-15 Floating 7.30400000 N N N N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 225313AR6 1600000.00000000 PA USD 1530065.09000000 0.417361357893 Long DBT CORP FR N 2 2034-09-23 Fixed 6.70000000 N N N N N N VOYA EURO CLO 635400URG3IUW6R6W254 000000000 1700000.00000000 PA 1787113.93000000 0.487477494525 Long ABS-CBDO CORP IE N 2 2035-07-15 Floating 9.20400000 N N N N N N TESCO CORP TREASURY SERV 21380018AJDKNF3A6712 000000000 700000.00000000 PA 857005.01000000 0.233768339028 Long DBT CORP GB Y 2 2035-02-27 Fixed 5.50000000 N N N N N N NATWEST GROUP PLC 2138005O9XJIJN4JPN90 000000000 2700000.00000000 PA 3067467.38000000 0.836724110220 Long DBT CORP GB N 2 2028-03-31 Fixed 4.50000000 N N N N N N ACHMEA BV 7245007QUMI1FHIQV531 000000000 2800000.00000000 PA 2824244.27000000 0.770379267688 Long DBT CORP NL Y 2 2029-03-24 Fixed 4.62500000 N N N N N N MSCI INC 549300HTIN2PD78UB763 55354GAQ3 300000.00000000 PA USD 253456.80000000 0.069136322962 Long DBT CORP US N 2 2033-08-15 Fixed 3.25000000 N N N N N N VODAFONE GROUP PLC 213800TB53ELEUKM7Q61 000000000 600000.00000000 PA 745956.99000000 0.203477371198 Long DBT CORP GB Y 2 2078-10-03 Fixed 4.87500000 N N N N N N ALLIANZ SE 529900K9B0N5BT694847 018820AD2 1000000.00000000 PA USD 985490.00000000 0.268815651882 Long DBT CORP DE N 2 2054-09-03 Fixed 5.60000000 N N N N N N AEGON LTD O4QK7KMMK83ITNTHUG69 000000000 1400000.00000000 PA 1462513.32000000 0.398935018622 Long DBT CORP BM Y 2 2029-04-15 Fixed 5.62500000 N N N N N N Bundesrepublik Deutschland Bundesanleihe 529900AQBND3S6YJLY83 000000000 3335000.00000000 PA 3383737.13000000 0.922994147478 Long DBT NUSS DE Y 2 2054-08-15 Fixed 2.50000000 N N N N N N Neuberger Berman CLO Ltd 549300P0MOXZPIM3AS61 64131PAL6 1500000.00000000 PA USD 1575010.50000000 0.429621279037 Long ABS-CBDO CORP KY N 2 2038-10-18 Floating 11.13200000 N N N N N N TALLGRASS NRG PRTNR/FIN N/A 87470LAL5 535000.00000000 PA USD 536693.53000000 0.146395824541 Long DBT CORP US N 2 2029-02-15 Fixed 7.37500000 N N N N N N BUPA FINANCE PLC ZIMCVQHUFZ8GVHENP290 000000000 2156000.00000000 PA 2089480.79000000 0.569955190472 Long DBT CORP GB Y 2 2031-09-24 Fixed 4.00000000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 000000000 200000.00000000 PA USD 185453.68000000 0.050586867328 Long DBT CORP MX Y 2 2033-01-18 Fixed 5.12500000 N N N N N N ICG Euro CLO 635400FMRSGTFBGN6Y45 000000000 1500000.00000000 PA 1521451.41000000 0.415011773418 Long ABS-CBDO CORP IE N 2 2037-02-15 Floating 10.16600000 N N N N N N BAWAG GROUP AG 529900S9YO2JHTIIDG38 000000000 1000000.00000000 PA 1018939.48000000 0.277939786851 Long DBT CORP AT Y 2 2025-10-01 Fixed 5.12500000 N N N N N N HPS Loan Management Ltd N/A 40444YAA3 1500000.00000000 PA USD 1499977.50000000 0.409154257750 Long ABS-CBDO CORP KY N 2 2037-10-20 Floating 5.77000000 N N N N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ADM4 1030000.00000000 PA USD 974636.72000000 0.265855163659 Long DBT CORP US N 2 2035-01-15 Fixed 4.70000000 N N N N N N JYSKE BANK A/S 3M5E1GQGKL17HI6CPN30 000000000 1100000.00000000 PA 1204079.38000000 0.328441063280 Long DBT CORP DK Y 2 2035-05-01 Fixed 5.12500000 N N N N N N 1011778 BC / NEW RED FIN N/A 68245XAP4 375000.00000000 PA USD 343649.25000000 0.093738441950 Long DBT CORP CA N 2 2029-02-15 Fixed 3.50000000 N N N N N N MAREX GROUP PLC 549300DWX0SVICJAL507 000000000 400000.00000000 PA 460083.01000000 0.125498497451 Long DBT CORP GB Y 2 2028-02-02 Fixed 8.37500000 N N N N N N ABN AMRO BANK NV BFXS5XCH7N0Y05NIXW11 000000000 1300000.00000000 PA 1433965.62000000 0.391147959813 Long DBT CORP NL Y 2 2031-09-22 Fixed 6.87500000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 07336UAB9 700000.00000000 PA USD 712772.20000000 0.194425436672 Long DBT CORP MX N 2 2039-01-08 Fixed 8.12500000 N N N N N N UNITED RENTALS NORTH AM NGIZXNT70J2LYT3FBI09 911365BQ6 790000.00000000 PA USD 797515.16000000 0.217541078672 Long DBT CORP US N 2 2029-12-15 Fixed 6.00000000 N N N N N N CO-OPERATIVE BANK HOLDN 213800MY2BSP459O8A22 000000000 500000.00000000 PA 628119.42000000 0.171334393395 Long DBT CORP GB Y 2 2028-09-19 Fixed 5.57900000 N N N N N N NATWEST GROUP PLC 2138005O9XJIJN4JPN90 000000000 450000.00000000 PA 558446.94000000 0.152329580429 Long DBT CORP GB Y 2 2030-08-14 Fixed 3.62200000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397E25 495000.00000000 PA USD 494089.74000000 0.134774635507 Long DBT CORP US N 2 2031-03-05 Fixed 6.05000000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 000000000 200000.00000000 PA USD 187949.26000000 0.051267595660 Long DBT CORP FR Y 2 2028-04-06 Fixed 6.75000000 N N N N N N BBVA BANCOMER SA TEXAS 549300WIWQK5Q9MCUN92 000000000 400000.00000000 PA USD 379091.43000000 0.103406132866 Long DBT CORP MX Y 2 2034-09-13 Fixed 5.87500000 N N N N N N Penta CLO S.A. 5493000ACULYUZF6IG97 000000000 1500000.00000000 PA 1570692.08000000 0.428443328081 Long ABS-CBDO CORP IE N 2 2036-10-18 Floating 9.99800000 N N N N N N QBE INSURANCE GROUP LTD 549300D2FBW76FPUSG65 000000000 1000000.00000000 PA USD 996492.32000000 0.271816794281 Long DBT CORP AU Y 2 2025-05-16 Fixed 5.25000000 N N N N N N SEVERN TRENT WATER UTIL 213800KY9PT6WBH33232 000000000 200000.00000000 PA 247167.58000000 0.067420789801 Long DBT CORP GB Y 2 2026-01-16 Fixed 3.62500000 N N N N N N TALLGRASS NRG PRTNR/FIN N/A 87470LAK7 100000.00000000 PA USD 94383.37000000 0.025745291310 Long DBT CORP US N 2 2031-09-01 Fixed 6.00000000 N N N N N N SABLE INTL FINANCE LTD 2138009IE9A35LO5JS73 785712AK6 869000.00000000 PA USD 847918.06000000 0.231289658993 Long DBT CORP KY N 2 2032-10-15 Fixed 7.12500000 N N N N N N CPUK FINANCE LTD 6354003CVDDPNXREIR29 000000000 700000.00000000 PA 833114.46000000 0.227251627776 Long DBT CORP JE Y 2 2027-08-28 Fixed 4.50000000 N N N N N N BANCO DE SABADELL SA SI5RG2M0WQQLZCXKRM20 000000000 1200000.00000000 PA 1221266.82000000 0.333129343108 Long DBT CORP ES Y 2 2027-05-19 Fixed 5.00000000 N N N N N N MUTUELLE ASSURANCE 969500QISBFB1NW4SX83 000000000 600000.00000000 PA 550924.96000000 0.150277782890 Long DBT CORP FR Y 2 2028-12-21 Fixed 3.50000000 N N N N N N COMMERZBANK AG 851WYGNLUQLFZBSYGB56 000000000 1000000.00000000 PA 1108858.48000000 0.302467315899 Long DBT CORP DE Y 2 2032-12-06 Fixed 6.50000000 N N N N N N BNP PARIBAS FORTIS SA KGCEPHLVVKVRZYO1T647 000000000 1500000.00000000 PA 1445187.09000000 0.394208880546 Long DBT CORP BE Y 2 2049-12-29 Floating 4.86500000 N N N N N Ageas SA EUR XXXX N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 404280EL9 600000.00000000 PA USD 585282.51000000 0.159649615379 Long DBT CORP GB N 2 2035-11-18 Fixed 5.87400000 N N N N N N EnLink Midstream LLC 54930000GY1H533OBE23 29336TAA8 500000.00000000 PA USD 500003.00000000 0.136387616706 Long DBT CORP US N 2 2029-06-01 Fixed 5.37500000 N N N N N N AA BOND CO LTD 2138002EPF6QVRZBMC58 000000000 200000.00000000 PA 225052.52000000 0.061388385342 Long DBT CORP JE Y 2 2028-07-31 Fixed 3.25000000 N N N N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC 1386398.43000000 0.378172886308 N/A DFE US N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 70868409.00000000 GBP 90092861.05000000 USD 2025-01-21 1386398.43000000 N N N MSCI INC 549300HTIN2PD78UB763 55354GAK6 200000.00000000 PA USD 182042.38000000 0.049656354757 Long DBT CORP US N 2 2030-09-01 Fixed 3.62500000 N N N N N N LEGAL & GENERAL GROUP 213800JH9QQWHLO99821 000000000 1500000.00000000 PA 1732504.07000000 0.472581366594 Long DBT CORP GB Y 2 2031-03-24 Fixed 5.62500000 N N N N N N ERSTE GROUP BANK AG PQOH26KWDF7CG10L6792 000000000 2200000.00000000 PA 2201273.89000000 0.600449396453 Long DBT CORP AT Y 2 2027-10-15 Fixed 4.25000000 N N N N N N ENLINK MIDSTREAM LLC 54930000GY1H533OBE23 29336TAC4 424000.00000000 PA USD 428242.12000000 0.116813143361 Long DBT CORP US N 2 2028-01-15 Fixed 5.62500000 N N N N N N BANK OF IRELAND GROUP 635400C8EK6DRI12LJ39 000000000 2200000.00000000 PA 2336274.11000000 0.637273892028 Long DBT CORP IE Y 2 2030-03-10 Fixed 6.37500000 N N N N N N UNICAJA BANCO SA 5493007SJLLCTM6J6M37 000000000 700000.00000000 PA 713185.12000000 0.194538070346 Long DBT CORP ES Y 2 2032-07-19 Fixed 3.12500000 N N N N N N AA BOND CO LTD 2138002EPF6QVRZBMC58 000000000 185146.36000000 PA 231205.22000000 0.063066679451 Long DBT CORP JE N 2 2026-01-31 Fixed 6.50000000 N N N N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 000000000 800000.00000000 PA 1009624.10000000 0.275398797143 Long DBT CORP FR N 2 2026-06-23 Fixed 7.50000000 N N N N N N Tikehau 635400WC6EUSVRGKOG51 000000000 500000.00000000 PA 530536.33000000 0.144716302951 Long ABS-CBDO CORP IE N 2 2038-04-20 Floating 10.16900000 N N N N N N PRESTIGE BRANDS INC 549300JBVP4J6D42I235 74112BAL9 155000.00000000 PA USD 151116.72000000 0.041220651246 Long DBT CORP US N 2 2028-01-15 Fixed 5.12500000 N N N N N N PENSION INSURANCE M31AVDIX8NY21MAUQF46 000000000 2300000.00000000 PA 2881321.66000000 0.785948472652 Long DBT CORP GB Y 2 2034-11-15 Fixed 6.87500000 N N N N N N ABANCA CORP BANCARIA SA 54930056IRBXK0Q1FP96 000000000 1000000.00000000 PA 1191227.18000000 0.324935322460 Long DBT CORP ES Y 2 2028-07-14 Fixed 10.62500000 N N N N N N RAC BOND CO PLC 2138008FCM2SUNLC7B21 000000000 500000.00000000 PA 605019.32000000 0.165033296032 Long DBT CORP GB N 2 2027-11-04 Fixed 5.25000000 N N N N N N CONTOURGLOBAL POWER HLDG 549300O5AGIFK0PQ1516 000000000 300000.00000000 PA 307429.84000000 0.083858743211 Long DBT CORP LU Y 2 2026-01-01 Fixed 2.75000000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 09660V2B8 800000.00000000 PA USD 669982.63000000 0.182753571759 Long DBT CORP FR Y 2 2035-08-12 Fixed 2.58800000 N N N N N N ASMODEE GROUP AB 636700G5993BBAFDYD02 000000000 225000.00000000 PA 236562.18000000 0.064527916698 Long DBT CORP SE N 2 2029-12-15 Floating 6.61000000 N N N N N N BANCO DE SABADELL SA SI5RG2M0WQQLZCXKRM20 000000000 1800000.00000000 PA 1871521.49000000 0.510501648261 Long DBT CORP ES Y 2 2026-03-15 Fixed 5.75000000 N N N N N N PLAINS ALL AMER PIPELINE N/A 72650RBP6 1575000.00000000 PA USD 1571758.76000000 0.428734290221 Long DBT CORP US N 2 2034-09-15 Fixed 5.70000000 N N N N N N CREDIT AGRICOLE SA 969500TJ5KRTCJQWXH05 000000000 1200000.00000000 PA 1396744.56000000 0.380995037401 Long DBT CORP FR Y 2 2031-12-09 Fixed 1.87400000 N N N N N N STELLANTIS NV 549300LKT9PW7ZIBDF31 000000000 400000.00000000 PA 386645.41000000 0.105466659160 Long DBT CORP NL Y 2 2032-04-01 Fixed 2.75000000 N N N N N N LA MONDIALE 969500L0T16HX3R78P61 000000000 800000.00000000 PA USD 766630.40000000 0.209116531602 Long DBT CORP FR Y 2 2048-01-18 Fixed 4.80000000 N N N N N N UBER TECHNOLOGIES INC 549300B2FTG34FILDR98 90353TAK6 795000.00000000 PA USD 769340.66000000 0.209855818970 Long DBT CORP US N 2 2029-08-15 Fixed 4.50000000 N N N N N N Cordatus CLO PLC 549300L3U7O5MFVI3I18 000000000 1000000.00000000 PA 1006532.07000000 0.274555372999 Long ABS-CBDO CORP IE N 2 2031-01-27 Floating 9.12200000 N N N N N N ALTICE FRANCE SA 5493001ZMCICV4N02J21 02156LAC5 200000.00000000 PA USD 147468.86000000 0.040225611353 Long DBT CORP FR N 2 2028-01-15 Fixed 5.50000000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 404280BY4 1319000.00000000 PA 1632472.75000000 0.445295463648 Long DBT CORP GB N 2 2026-09-28 Fixed 5.87500000 N N N N N N INVERSIONES CMPC SA 549300G475ACIABB4385 000000000 605000.00000000 PA USD 608836.77000000 0.166074595599 Long DBT CORP CL Y 2 2034-02-26 Fixed 6.12500000 N N N N N N HILTON DOMESTIC OPERATIN 5493003EG7H0N1E4XV50 432833AL5 100000.00000000 PA USD 89934.15000000 0.024531661568 Long DBT CORP US N 2 2031-05-01 Fixed 4.00000000 N N N N N N T-MOBILE USA INC 549300V2JRLO5DIFGE82 87264ACY9 640000.00000000 PA USD 626835.24000000 0.170984102997 Long DBT CORP US N 2 2033-07-15 Fixed 5.05000000 N N N N N N GUARA NORTE SARL 549300U2I4L03BBA3485 400666AA1 878515.00000000 PA USD 801839.15000000 0.218720548977 Long DBT CORP LU N 2 2034-06-15 Fixed 5.19800000 N N N N N N Stellantis NV 549300LKT9PW7ZIBDF31 000000000 450000.00000000 PA 478925.84000000 0.130638323963 Long DBT CORP NL Y 2 2031-06-16 Fixed 4.25000000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 000000000 600000.00000000 PA 660938.42000000 0.180286550067 Long DBT CORP ES Y 2 2033-08-23 Fixed 5.75000000 N N N N N N STANDARD CHARTERED PLC U4LOSYZ7YG4W3S5F2G91 000000000 1400000.00000000 PA USD 1251250.14000000 0.341308001148 Long DBT CORP GB Y 2 2028-08-19 Fixed 4.30000000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 345397D83 360000.00000000 PA USD 363425.08000000 0.099132766228 Long DBT CORP US N 2 2027-03-05 Fixed 5.80000000 N N N N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 24570000.00000000 NC 16217.26000000 0.004423640339 N/A DCR DE N 2 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N/A 24570000.00000000 OU Notional Amount N/A 16217.26000000 0.00000000 DCR DE iTraxx Europe Crossover S42 2I667KKV9 buy protection 2029-12-20 0.00000000 N/A 0.00000000 N/A 24570000.00000000 EUR 1.00000000 5.00000000 EUR 2025-02-19 XXXX -32657.53000000 N N N DIGITAL EURO FINCO 635400OUEAPTXSW3SC91 000000000 400000.00000000 PA 389281.86000000 0.106185813109 Long DBT US Y 2 2028-04-09 Fixed 1.12500000 N N N N N N NETWORK I2I LTD 2549003L8M1FGHLHOX45 000000000 550000.00000000 PA USD 548543.60000000 0.149628210757 Long DBT CORP MU Y 2 2025-01-15 Fixed 5.65000000 N N N N N N HOWMET AEROSPACE INC 549300HO5WFZUT5N2T22 013817AK7 630000.00000000 PA USD 652040.55000000 0.177859446064 Long DBT CORP US N 2 2037-02-01 Fixed 5.95000000 N N N N N N SOLARIS MIDSTREAM HOLDIN 5493007AWQW8ZKCHVV46 83419MAA0 665000.00000000 PA USD 665514.71000000 0.181534841150 Long DBT CORP US N 2 2026-04-01 Fixed 7.62500000 N N N N N N BIMBO BAKERIES USA INC 549300HOXXHHT7926W92 000000000 925000.00000000 PA USD 892318.27000000 0.243400863972 Long DBT CORP US Y 2 2036-01-09 Fixed 5.37500000 N N N N N N Jubilee CDO BV 6354007OCOEPS81TDN60 000000000 1500000.00000000 PA 1558802.60000000 0.425200191858 Long ABS-CBDO CORP IE N 2 2037-07-21 Floating 9.99900000 N N N N N N CAIXABANK SA 7CUNS533WID6K7DGFI87 000000000 400000.00000000 PA 453789.19000000 0.123781709532 Long DBT CORP ES Y 2 2030-01-16 Fixed 7.50000000 N N N N N N ING GROEP NV 549300NYKK9MWM7GGW15 000000000 900000.00000000 PA 948737.87000000 0.258790641192 Long DBT CORP NL Y 2 2035-08-26 Fixed 4.25000000 N N N N N N VICI PROPERTIES LP 254900X4QE7SGKQLLN38 925650AF0 1590000.00000000 PA USD 1604251.17000000 0.437597361765 Long DBT US N 2 2034-04-01 Fixed 5.75000000 N N N N N N NATWEST GROUP PLC 2138005O9XJIJN4JPN90 639057AQ1 400000.00000000 PA USD 426010.80000000 0.116204498179 Long DBT CORP GB N 2 2033-11-10 Fixed 8.12500000 N N N N N N TARGA RESOURCES PARTNERS N/A 87612BBS0 650000.00000000 PA USD 627648.84000000 0.171206031596 Long DBT CORP US N 2 2031-02-01 Fixed 4.87500000 N N N N N N Providus CLO 635400OVFLV2AMKOP534 000000000 1250000.00000000 PA 1295280.88000000 0.353318424466 Long ABS-CBDO CORP IE N 2 2034-05-20 Floating 9.11400000 N N N N N N OEG FINANCE PLC 254900KMBHWF9UK63G44 000000000 500000.00000000 PA 540747.22000000 0.147501564143 Long DBT CORP GB N 2 2029-09-27 Fixed 7.25000000 N N N N N N Cordatus CLO PLC 549300FNLNVJS6HNUN71 000000000 1250000.00000000 PA 1320037.68000000 0.360071425847 Long ABS-CBDO CORP IE N 2 2033-11-18 Floating 9.12500000 N N N N N N EQUINIX EU 2 FINANCING C 254900FSZR46BPMCKI50 000000000 165000.00000000 PA 171715.09000000 0.046839342719 Long DBT US N 2 2033-09-03 Fixed 3.65000000 N N N N N N FORD MOTOR CREDIT CO LLC UDSQCVRUX5BONN0VY111 000000000 400000.00000000 PA 508879.22000000 0.138808815161 Long DBT CORP US N 2 2026-06-05 Fixed 6.86000000 N N N N N N COOPERATIEVE RABOBANK UA DG3RU1DBUFHT4ZF9WN62 000000000 1000000.00000000 PA 1017463.39000000 0.277537148473 Long DBT CORP NL Y 2 2029-06-29 Fixed 4.87500000 N N N N N N CONTOURGLOBAL POWER HLDG 549300O5AGIFK0PQ1516 000000000 200000.00000000 PA 199142.11000000 0.054320709613 Long DBT CORP LU N 2 2028-01-01 Fixed 3.12500000 N N N N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC 1227.05000000 0.000334706841 N/A DFE US N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 524528.00000000 EUR 544948.40000000 USD 2025-01-21 1227.05000000 N N N Madison Park Euro Funding 635400JUSH8DJJMKPH69 000000000 990536.46000000 PA 1021544.63000000 0.278650402987 Long ABS-CBDO CORP IE N 2 2030-10-25 Floating 3.82600000 N N N N N N Harvest CLO 635400HU8ASOJYEX2I14 000000000 1550000.00000000 PA 1614872.94000000 0.440494700172 Long ABS-CBDO CORP IE N 2 2031-10-15 Floating 8.75400000 N N N N N N UNITED AIRLINES INC K1OQBWM7XEOO08LDNP29 90932LAH0 1000000.00000000 PA USD 950786.30000000 0.259349398811 Long DBT CORP US N 2 2029-04-15 Fixed 4.62500000 N N N N N N American Beacon U.S. Government Money Market 549300EXCES9V5RWB620 02368W200 9824372.63000000 NS USD 9824372.63000000 2.679829458305 Long STIV RF US N 1 N N N LA DORIA SPA 815600857F45E3102897 000000000 350000.00000000 PA 367985.61000000 0.100376758399 Long DBT CORP IT Y 2 2029-11-12 Floating 7.55200000 N N N N N N Oaktree CLO Ltd 2549005VHJ8BB9WPL105 67402VAA2 1250000.00000000 PA USD 1261820.00000000 0.344191179877 Long ABS-CBDO CORP KY N 2 2037-10-22 Floating 10.38000000 N N N N N N BP CAPITAL MARKETS PLC 549300CRVT18MXX0AG93 000000000 1200000.00000000 PA 1223087.85000000 0.333626072011 Long DBT CORP GB Y 2 2029-03-22 Fixed 3.62500000 N N N N N N Voya Euro CLO 549300H0DM0Z0GCEKC77 000000000 1750000.00000000 PA 1842723.31000000 0.502646265122 Long ABS-CBDO CORP IE N 2 2034-10-15 Floating 9.34400000 N N N N N N BRACKEN MIDCO ONE 213800AFGHKES7J58805 000000000 1000000.00000000 PA 1225952.88000000 0.334407576549 Long DBT CORP GB N 2 2027-11-01 Fixed 6.75000000 N N Y N N N Pikes Peak CLO 2138001LNFG5678B4I86 72132FAA4 1500000.00000000 PA USD 1518574.50000000 0.414227028329 Long ABS-CBDO CORP KY N 2 2037-07-25 Floating 11.31500000 N N N N N N UNICREDIT SPA 549300TRUWO2CD2G5692 000000000 1700000.00000000 PA 1831769.72000000 0.499658414980 Long DBT CORP IT Y 2 2031-12-03 Fixed 6.50000000 N N N N N N BERRY GLOBAL INC 549300AP2Q7ERHX6RI89 08576PAP6 1645000.00000000 PA USD 1650578.24000000 0.450234163277 Long DBT CORP US N 2 2034-01-15 Fixed 5.65000000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 25400000.00000000 NC 27689.26000000 0.007552899042 N/A DCR LU N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 Put Purchased Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N/A 25400000.00000000 OU Notional Amount N/A 27689.26000000 0.01000000 DCR LU iTraxx Europe Crossover S42 2I667KKV9 buy protection 2029-12-20 0.00000000 N/A 0.00000000 N/A 25400000.00000000 EUR 1.00000000 4.50000000 EUR 2025-02-19 XXXX -27366.93000000 N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 000000000 400000.00000000 PA 403345.38000000 0.110021970043 Long DBT CORP FR Y 2 2032-03-31 Fixed 2.50000000 N N N N N N Dryden Leveraged Loan CDO 635400BRZXOVOKUIXU14 000000000 1100000.00000000 PA 1093317.22000000 0.298228070511 Long ABS-CBDO CORP IE N 2 2032-01-15 Floating 9.62900000 N N N N N N BRF SA 254900MTXR9LUVQFU480 000000000 200000.00000000 PA USD 183544.18000000 0.050066006145 Long DBT CORP BR Y 2 2030-01-24 Fixed 4.87500000 N N N N N N Bushy Park CLO DAC 254900YEMACJR9K0W813 000000000 1000000.00000000 PA 1035837.29000000 0.282549063262 Long ABS-CBDO CORP IE N 2 2036-04-15 Floating 4.35100000 N N N N N N Cumulus Static CLO 254900ORE1NRA3ICXX30 000000000 467987.64000000 PA 485041.18000000 0.132306427250 Long ABS-CBDO CORP IE N 2 2033-04-25 Floating 4.58600000 N N N N N N ROTHESAY LIFE MFQO711J5UPYBWXSPG12 000000000 300000.00000000 PA 383535.77000000 0.104618431473 Long DBT CORP GB Y 2 2034-12-10 Fixed 7.01900000 N N N N N N Hayfin Emerald CLO 549300LZ56MERXXF3O12 000000000 1500000.00000000 PA 1482190.64000000 0.404302471973 Long ABS-CBDO CORP IE N 2 2034-04-17 Floating 6.31500000 N N N N N N NGG Finance PLC 549300MLDJ2T68G21W86 000000000 500000.00000000 PA 624697.98000000 0.170401114900 Long DBT CORP GB Y 2 2073-06-18 Fixed 5.62500000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 83368TBS6 1400000.00000000 PA USD 1436264.05000000 0.391774910831 Long DBT CORP FR Y 2 2034-01-10 Fixed 6.69100000 N N N N N N UNICREDIT SPA 549300TRUWO2CD2G5692 000000000 300000.00000000 PA 329023.89000000 0.089749029898 Long DBT CORP IT Y 2 2034-04-16 Fixed 5.37500000 N N N N N N INTER MEDIA COMMUNICATIO 81560082CE2ED97AFD36 000000000 638617.87000000 PA 673167.99000000 0.183622453863 Long DBT CORP IT Y 2 2027-02-09 Fixed 6.75000000 N N N N N N GALAXY BIDCO LTD 2138006O8YW3QCHKDY76 000000000 500000.00000000 PA 629774.78000000 0.171785931896 Long DBT CORP GB N 2 2029-12-19 Fixed 8.12500000 N N N N N N ANTERO MIDSTREAM PART/FI N/A 03690AAH9 625000.00000000 PA USD 608639.79000000 0.166020864656 Long DBT CORP US N 2 2029-06-15 Fixed 5.37500000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 000000000 600000.00000000 PA 732496.56000000 0.199805721293 Long DBT CORP US N 2 2035-10-24 Fixed 5.21300000 N N N N N N DANSKE BANK A/S MAES062Z21O4RZ2U7M96 000000000 1750000.00000000 PA USD 1701875.00000000 0.464226565004 Long DBT CORP DK Y 2 2026-05-18 Fixed 4.37500000 N N N N N N KBC GROUP NV 213800X3Q9LSAKRUWY91 000000000 1800000.00000000 PA 1922400.77000000 0.524380172468 Long DBT CORP BE Y 2 2031-09-17 Fixed 6.25000000 N N N N N N SHERWOOD FINANCING PLC 259400SSZWSSPNYW7K08 000000000 320000.00000000 PA 322157.55000000 0.087876073640 Long DBT CORP GB N 2 2029-12-15 Floating 8.36200000 N N N N N N Penta CLO S.A. 549300FTCSBBS0J25486 000000000 1000000.00000000 PA 1037305.09000000 0.282949440348 Long ABS-CBDO CORP IE N 2 2036-07-25 Floating 9.12600000 N N N N N N PHOENIX GRP HLD PLC 2138001P49OLAEU33T68 000000000 2200000.00000000 PA 2571715.08000000 0.701495972242 Long DBT CORP GB Y 2 2028-04-26 Fixed 5.75000000 N N N N N N SOCIEDAD QUIMICA Y MINER TJ88LXZZW5PWIN93ZC81 000000000 600000.00000000 PA USD 618895.52000000 0.168818357015 Long DBT CORP CL Y 2 2033-11-07 Fixed 6.50000000 N N N N N N UNITED RENTALS NORTH AM NGIZXNT70J2LYT3FBI09 911365BR4 875000.00000000 PA USD 868156.41000000 0.236810146515 Long DBT CORP US N 2 2034-03-15 Fixed 6.12500000 N N N N N N Bundesrepublik Deutschland Bundesanleihe 529900AQBND3S6YJLY83 000000000 23870000.00000000 PA 24456515.65000000 6.671091738340 Long DBT NUSS DE Y 2 2034-02-15 Fixed 2.20000000 N N N N N N OCP Euro CLO 635400OLDPPTXRI97J03 000000000 3000000.00000000 PA 3113646.18000000 0.849320467591 Long ABS-CBDO CORP IE N 2 2038-04-20 Floating 5.28400000 N N N N N N Capital Four CLO 213800PN6YNVO1EZOF27 000000000 600000.00000000 PA 621204.67000000 0.169448232166 Long ABS-CBDO CORP IE N 2 2034-10-15 Floating 4.20400000 N N N N N N INVESTEC PLC 2138007Z3U5GWDN3MY22 000000000 800000.00000000 PA 1084356.51000000 0.295783825414 Long DBT CORP GB Y 2 2029-08-28 Fixed 10.50000000 N N N N N N Armada Euro CLO 549300DE6MWQ8YQI0O46 000000000 1000000.00000000 PA 1035849.72000000 0.282552453838 Long ABS-CBDO CORP IE N 2 2038-01-15 Floating 0.00000000 N N N N N N TELEFONICA EUROPE BV 7245007FZS0M65WUGP67 000000000 800000.00000000 PA 886674.10000000 0.241861283420 Long DBT CORP NL Y 2 2032-01-15 Fixed 5.75200000 N N N N N N Penta CLO S.A. 549300FTCSBBS0J25486 000000000 1000000.00000000 PA 1036072.43000000 0.282613203246 Long ABS-CBDO CORP IE N 2 2036-07-25 Floating 11.82600000 N N N N N N SSE PLC 549300KI75VYLLMSK856 000000000 1000000.00000000 PA 1082033.08000000 0.295150055056 Long DBT CORP GB Y 2 2031-09-05 Fixed 4.00000000 N N N N N N GENERAL MOTORS CO 54930070NSV60J38I987 37045VAZ3 415000.00000000 PA USD 418786.90000000 0.114234008993 Long DBT CORP US N 2 2032-10-15 Fixed 5.60000000 N N N N N N Margay CLO 6354003XDFH5IAWTAV47 000000000 1000000.00000000 PA 1035224.07000000 0.282381793037 Long ABS-CBDO CORP IE N 2 2038-01-15 Floating 4.03100000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 2100000.00000000 PA 2720675.50000000 0.742128441782 Long DBT CORP GB N 2 2030-06-15 Fixed 8.50000000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CLF6 21610000.00000000 PA USD 20438332.81000000 5.575037552589 Long DBT UST US N 2 2034-08-15 Fixed 3.87500000 N N N N N N MAREX GROUP PLC 549300DWX0SVICJAL507 000000000 1200000.00000000 PA USD 1317036.00000000 0.359252646797 Long DBT CORP GB Y 2 2027-06-30 Fixed 13.25000000 N N N N N N Avoca CLO 5493008B729CK5OGWZ51 000000000 1500000.00000000 PA 1556776.48000000 0.424647519818 Long ABS-CBDO CORP IE N 2 2037-10-15 Floating 9.39400000 N N N N N N Golub Capital Partners CLO, LTD 2549003ONNJ1D27UVJ28 38180MAA1 1750000.00000000 PA USD 1749735.75000000 0.477281713926 Long ABS-CBDO CORP JE N 2 2037-10-25 Floating 10.42600000 N N N N N N TARGA RESOURCES PARTNERS N/A 87612BBN1 200000.00000000 PA USD 204688.60000000 0.055833645640 Long DBT CORP US N 2 2029-01-15 Fixed 6.87500000 N N N N N N AMERICAN AIRLINES/AADVAN N/A 00253XAB7 875000.00000000 PA USD 867726.33000000 0.236692832047 Long DBT CORP XX N 2 2029-04-20 Fixed 5.75000000 N N N N N N Palmer Square European Loan Funding 254900IYUKLJNYNCCC63 000000000 1500000.00000000 PA 1553555.50000000 0.423768921518 Long ABS-CBDO CORP IE N 2 2034-05-15 Floating 8.49000000 N N N N N N BURFORD CAPITAL GLBL FIN 549300JVAOO67CSCH406 12116LAE9 660000.00000000 PA USD 700689.85000000 0.191129690605 Long DBT CORP US N 2 2031-07-01 Fixed 9.25000000 N N N N N N INTESA SANPAOLO SPA 2W8N8UU78PMDQKZENC08 000000000 1991000.00000000 PA 2788981.77000000 0.760760588732 Long DBT CORP IT Y 2 2032-09-20 Fixed 8.50500000 N N N N N N GoldenTree Loan Management US CLO, LTD N/A 38139HAA4 1500000.00000000 PA USD 1521048.00000000 0.414901733821 Long ABS-CBDO CORP KY N 2 2037-10-20 Floating 9.85600000 N N N N N N RL FINANCE BONDS NO6 213800HIIIVB4H22RI80 000000000 1900000.00000000 PA 2688471.00000000 0.733343904484 Long DBT CORP GB Y 2 2033-05-25 Fixed 10.12500000 N N N N N N Ballyrock Ltd 254900WCB773D35B5908 05876BAA3 1300000.00000000 PA USD 1308681.40000000 0.356973732505 Long ABS-CBDO CORP KY N 2 2037-10-25 Floating 10.31200000 N N N N N N SOCIEDAD QUIMICA Y MINER TJ88LXZZW5PWIN93ZC81 833636AN3 200000.00000000 PA USD 206298.51000000 0.056272786581 Long DBT CORP CL N 2 2033-11-07 Fixed 6.50000000 N N N N N N ENLINK MIDSTREAM PARTNER 88CPW63VL7KHJWS0NY83 29336UAF4 400000.00000000 PA USD 399150.84000000 0.108877810281 Long DBT CORP US N 2 2026-07-15 Fixed 4.85000000 N N N N N N 1011778 BC / NEW RED FIN N/A 68245XAR0 425000.00000000 PA USD 426561.25000000 0.116354646405 Long DBT CORP CA N 2 2029-06-15 Fixed 6.12500000 N N N N N N INVESTEC PLC 2138007Z3U5GWDN3MY22 000000000 700000.00000000 PA 943330.50000000 0.257315653428 Long DBT CORP GB Y 2 2033-03-06 Fixed 9.12500000 N N N N N N Armada Euro CLO 549300DE6MWQ8YQI0O46 000000000 700000.00000000 PA 725094.81000000 0.197786719323 Long ABS-CBDO CORP IE Y 2 2033-07-15 Floating 12.28400000 N N N N N N Capital Four CLO 549300KVUV8LG4H5Y881 000000000 1500000.00000000 PA 1539678.74000000 0.419983707781 Long ABS-CBDO CORP IE N 2 2038-04-15 Floating 9.56400000 N N N N N N Aqueduct European CLO 549300A05ZPXICHJJR61 000000000 1500000.00000000 PA 1570681.21000000 0.428440363032 Long ABS-CBDO CORP IE N 2 2037-07-15 Floating 10.33400000 N N N N N N JERROLD FINCO PLC 213800F7AYNHLL1BPR31 000000000 350000.00000000 PA 445558.95000000 0.121536717365 Long DBT CORP GB N 2 2030-04-15 Fixed 7.87500000 N N N N N N EQUINIX EU 2 FINANCING C 254900FSZR46BPMCKI50 29390XAA2 1280000.00000000 PA USD 1283871.65000000 0.350206287763 Long DBT US N 2 2034-06-15 Fixed 5.50000000 N N N N N N OSB GROUP PLC 213800ZBKL9BHSL2K459 000000000 1049000.00000000 PA 1232758.14000000 0.336263871796 Long DBT CORP GB Y 2 2026-10-07 Fixed 6.00000000 N N N N N N TRANSDIGM INC 88Q84GB3X55CF5OC7582 893647BW6 1105000.00000000 PA USD 1082961.49000000 0.295403300791 Long DBT CORP US N 2 2033-01-15 Fixed 6.00000000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 000000000 600000.00000000 PA 655748.81000000 0.178870961482 Long DBT CORP FR Y 2 2029-01-18 Fixed 7.87500000 N N N N N N APA INFRASTRUCTURE LTD 261700SS8OEHDOCOUJ33 000000000 800000.00000000 PA 748875.64000000 0.204273501857 Long DBT CORP AU Y 2 2029-03-15 Fixed 0.75000000 N N N N N N UBER TECHNOLOGIES INC 549300B2FTG34FILDR98 90353TAP5 780000.00000000 PA USD 746513.76000000 0.203629243354 Long DBT CORP US N 2 2034-09-15 Fixed 4.80000000 N N N N N N HSBC HOLDINGS PLC MLU0ZO3ML4LN2LL2TL39 000000000 1100000.00000000 PA 1226400.91000000 0.334529787304 Long DBT CORP GB Y 2 2032-11-16 Fixed 6.36400000 N N N N N N INTESA SANPAOLO SPA 2W8N8UU78PMDQKZENC08 000000000 1100000.00000000 PA 1162223.39000000 0.317023854341 Long DBT CORP IT Y 2 2031-09-01 Fixed 5.87500000 N N N N N N VODAFONE GROUP PLC 213800TB53ELEUKM7Q61 000000000 250000.00000000 PA 339109.91000000 0.092500229851 Long DBT CORP GB Y 2 2086-08-30 Fixed 8.00000000 N N N N N N AIB GROUP PLC 635400AKJBGNS5WNQL34 000000000 600000.00000000 PA 658053.37000000 0.179499584602 Long DBT CORP IE Y 2 2029-10-30 Fixed 7.12500000 N N N N N N JERROLD FINCO PLC 213800F7AYNHLL1BPR31 000000000 200000.00000000 PA 254605.11000000 0.069449551611 Long DBT CORP GB Y 2 2030-04-15 Fixed 7.87500000 N N N N N N CHENIERE ENERGY INC MIHC87W9WTYSYZWV1J40 16411RAN9 1735000.00000000 PA USD 1751230.93000000 0.477689559553 Long DBT CORP US N 2 2034-04-15 Fixed 5.65000000 N N N N N N HESS MIDSTREAM OPERATION N/A 428104AA1 400000.00000000 PA USD 389062.44000000 0.106125961127 Long DBT CORP US N 2 2028-06-15 Fixed 5.12500000 N N N N N N HESS MIDSTREAM OPERATION N/A 428102AF4 960000.00000000 PA USD 928225.63000000 0.253195443710 Long DBT CORP US N 2 2030-10-15 Fixed 5.50000000 N N N N N N North Westerly CLO BV 894500L0RSB6QLRJWR15 000000000 1000000.00000000 PA 1035849.72000000 0.282552453838 Long ABS-CBDO CORP IE N 2 2038-01-15 Floating 8.73100000 N N N N N N ROTHESAY LIFE MFQO711J5UPYBWXSPG12 000000000 300000.00000000 PA 369004.97000000 0.100654812893 Long DBT CORP GB Y 2 2028-09-12 Fixed 6.87500000 N N N N N N VOLKSWAGEN INTL FIN NV 5299004PWNHKYTR23649 000000000 600000.00000000 PA 610633.41000000 0.166564671554 Long DBT CORP NL Y 2 2028-06-27 Fixed 4.62500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 000000000 1100000.00000000 PA 1460334.81000000 0.398340778613 Long DBT CORP GB N 2 2028-09-15 Fixed 9.25000000 N N N N N N COMMERZBANK AG 851WYGNLUQLFZBSYGB56 000000000 800000.00000000 PA 908687.15000000 0.247865862245 Long DBT CORP DE Y 2 2031-10-09 Fixed 7.87500000 N N N N N N BANCO SANTANDER SA 5493006QMFDDMYWIAM13 000000000 1000000.00000000 PA 1026630.66000000 0.280037737683 Long DBT CORP ES Y 2 2026-01-14 Fixed 4.37500000 N N N N N N Aimco N/A 00140JAA7 1500000.00000000 PA USD 1499379.00000000 0.408991002753 Long ABS-CBDO CORP JE N 2 2037-10-20 Floating 9.56200000 N N N N N N EDGE FINCO PLC 648835NI8LJE5190NT73 000000000 350000.00000000 PA 447475.92000000 0.122059616166 Long DBT CORP GB N 2 2031-08-15 Fixed 8.12500000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 912810UE6 5450000.00000000 PA USD 5205601.56000000 1.419950660878 Long DBT UST US N 2 2054-11-15 Fixed 4.50000000 N N N N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 25700000.00000000 NC 18776.03000000 0.005121605236 N/A DCR DE N 2 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N/A 25700000.00000000 OU Notional Amount N/A 18776.03000000 0.01000000 DCR DE iTraxx Europe Crossover S42 2I667KKV9 buy protection 2029-12-20 0.00000000 N/A 0.00000000 N/A 25700000.00000000 EUR 1.00000000 4.87500000 EUR 2025-02-19 XXXX -34263.15000000 N N N NATIONWIDE BLDG SOCIETY 549300XFX12G42QIKN82 000000000 2800000.00000000 PA 3514520.79000000 0.958668476815 Long DBT CORP GB Y 2 2030-12-20 Fixed 7.50000000 N N N N N N OCP Euro CLO 635400UVBDTHX1DIDQ59 000000000 1500000.00000000 PA 1553163.95000000 0.423662117016 Long ABS-CBDO CORP IE N 2 2037-10-18 Floating 8.78300000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 000000000 500000.00000000 PA USD 421930.75000000 0.115091568265 Long DBT CORP FR Y 2 2030-02-25 Fixed 4.50000000 N N N N N N SWEDBANK AB M312WZV08Y7LYUC71685 000000000 1400000.00000000 PA USD 1219309.00000000 0.332595301505 Long DBT CORP SE Y 2 2029-03-17 Fixed 4.00000000 N N N N N N OPTIONS GOLDMAN SACHS COC N/A 000000000 56000.00000000 NS 58007.58000000 0.015822936236 Long STIV CORP US N 1 N N N State Street Bank & Trust Co. 571474TGEMMWANRLN572 000000000 1.00000000 NC 1965017.75000000 0.536004959386 N/A DFE US N 2 State Street Bank & Trust Co. 571474TGEMMWANRLN572 136480035.00000000 EUR 143439083.74000000 USD 2025-01-21 1965017.75000000 N N N CPUK FINANCE LTD 6354003CVDDPNXREIR29 000000000 600000.00000000 PA 755854.00000000 0.206177014213 Long DBT CORP JE Y 2 2027-08-28 Fixed 5.87600000 N N N N N N BNP PARIBAS R0MUWSFPU8MPRO8K5P83 000000000 1800000.00000000 PA 2016087.78000000 0.549935515156 Long DBT CORP FR Y 2 2030-06-11 Fixed 7.37500000 N N N N N N ESB FINANCE DAC 635400VCPRSU89DLMZ57 000000000 500000.00000000 PA 470332.75000000 0.128294355896 Long DBT CORP IE Y 2 2033-11-05 Fixed 2.12500000 N N N N N N BOOST NEWCO BORROWER LLC 894500GLVOTVRGS68C28 000000000 480000.00000000 PA 642446.91000000 0.175242554375 Long DBT CORP XX N 2 2031-01-15 Fixed 8.50000000 N N N N N N CNP ASSURANCES SACA 969500QKVPV2H8UXM738 000000000 700000.00000000 PA 758076.47000000 0.206783245349 Long DBT CORP FR Y 2 2054-07-16 Fixed 4.87500000 N N N N N N PARAGON BANKING GRP PLC 213800S1TDKIB1IUTS72 000000000 500000.00000000 PA 609438.24000000 0.166238660734 Long DBT CORP GB Y 2 2031-09-25 Fixed 4.37500000 N N N N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 000000000 1000000.00000000 PA 1351443.32000000 0.368638055228 Long DBT CORP ES Y 2 2033-11-30 Fixed 8.25000000 N N N N N N CPUK Finance Ltd 6354003CVDDPNXREIR29 000000000 200000.00000000 PA 234591.35000000 0.063990326310 Long DBT CORP JE Y 2 2028-08-28 Fixed 3.69000000 N N N N N N TARGA RESOURCES CORP 5493003QENHHS261UR94 87612GAC5 280000.00000000 PA USD 288810.40000000 0.078779851592 Long DBT CORP US N 2 2033-03-15 Fixed 6.12500000 N N N N N N DEUTSCHE BANK AG 7LTWFZYICNSX8D621K86 000000000 1100000.00000000 PA 1178524.14000000 0.321470268549 Long DBT CORP DE Y 2 2035-07-12 Fixed 4.50000000 N N N N N N SHAWBROOK GROUP 21380071539WSMTM4410 000000000 600000.00000000 PA 802314.19000000 0.218850127346 Long DBT CORP GB Y 2 2034-01-04 Fixed 12.25000000 N N N N N N AMERICAN AXLE & MFG INC RY5TAKFOBLDUGX31MS24 02406PBB5 960000.00000000 PA USD 876645.24000000 0.239125675207 Long DBT CORP US N 2 2029-10-01 Fixed 5.00000000 N N N N N N Golub Capital Partners CLO, LTD 254900Q9J0ZXOH0PUQ28 381737AA3 1000000.00000000 PA USD 1020165.00000000 0.278274076350 Long ABS-CBDO CORP KY N 2 2037-07-25 Floating 11.18500000 N N N N N N BANCO BILBAO VIZCAYA ARG K8MS7FD7N5Z2WQ51AZ71 000000000 1000000.00000000 PA 1138139.88000000 0.310454508696 Long DBT CORP ES Y 2 2028-06-21 Fixed 8.37500000 N N N N N N DIRECT LINE INSURANCE GR 213800FF2R23ALJQOP04 000000000 1860000.00000000 PA 2165629.34000000 0.590726504344 Long DBT CORP GB Y 2 2027-12-07 Fixed 4.75000000 N N N N N N PLAINS ALL AMER PIPELINE N/A 72650RBN1 180000.00000000 PA USD 167083.25000000 0.045575899062 Long DBT CORP US N 2 2030-09-15 Fixed 3.80000000 N N N N N N PUNCH FINANCE PL 2138006IJRIU1Q5DN388 000000000 100000.00000000 PA 123672.05000000 0.033734469898 Long DBT CORP GB N 2 2026-06-30 Fixed 6.12500000 N N N N N N Ballyrock Ltd N/A 05876HAA0 2000000.00000000 PA USD 2000204.00000000 0.545602839356 Long ABS-CBDO CORP KY N 2 2038-01-20 Floating 5.64700000 N N N N N N LA MONDIALE 969500L0T16HX3R78P61 000000000 700000.00000000 PA 699730.99000000 0.190868138914 Long DBT CORP FR Y 2 2029-04-24 Fixed 4.37500000 N N N N N N United States Treasury 254900HROIFWPRGM1V77 91282CLW9 22890000.00000000 PA USD 22299867.19000000 6.082814980935 Long DBT UST US N 2 2034-11-15 Fixed 4.25000000 N N N N N N ASR NEDERLAND NV 7245000G0HS48PZWUD53 000000000 750000.00000000 PA 763251.37000000 0.208194821435 Long DBT CORP NL Y 2 2027-10-19 Fixed 4.62500000 N N N N N N AVIVA PLC YF0Y5B0IB8SM0ZFG9G81 000000000 700000.00000000 PA 865375.71000000 0.236051644975 Long DBT CORP GB Y 2 2031-12-15 Fixed 6.87500000 N N N N N N LA FINAC ATALIAN 969500ICOLJMB33J0L87 000000000 135430.00000000 PA 64873.24000000 0.017695707008 Long DBT CORP FR N 2 2028-06-30 Fixed 8.50000000 N N N N N N CNP ASSURANCES SACA 969500QKVPV2H8UXM738 000000000 1000000.00000000 PA 953976.16000000 0.260219508397 Long DBT CORP FR Y 2 2051-06-30 Fixed 2.50000000 N N N N N N UNIPOLSAI ASSICURAZIONI 815600E31C4E7006AB54 000000000 1640000.00000000 PA 1763483.60000000 0.481031764418 Long DBT CORP IT Y 2 2030-04-27 Fixed 6.37500000 N N N N N N KINETIK HOLDINGS LP 549300RD6AJIMYC0HY12 49461MAB6 100000.00000000 PA USD 102300.91000000 0.027904987173 Long DBT CORP US N 2 2028-12-15 Fixed 6.62500000 N N N N N N UNICREDIT SPA 549300TRUWO2CD2G5692 000000000 2100000.00000000 PA 2104587.67000000 0.574075948466 Long DBT CORP IT Y 2 2027-06-03 Fixed 3.87500000 N N N N N N BANK OF IRELAND GROUP 635400C8EK6DRI12LJ39 000000000 540000.00000000 PA 604087.42000000 0.164779098317 Long DBT CORP IE Y 2 2033-03-01 Fixed 6.75000000 N N N N N N HCA INC L3CJ6J7LJ2DX62FTXD46 404119CA5 115000.00000000 PA USD 104491.23000000 0.028502448638 Long DBT CORP US N 2 2030-09-01 Fixed 3.50000000 N N N N N N MAISON FINCO PLC 9845007743J958DAS530 000000000 600000.00000000 PA 736569.24000000 0.200916640865 Long DBT CORP GB N 2 2027-10-31 Fixed 6.00000000 N N N N N N MSCI INC 549300HTIN2PD78UB763 55354GAL4 1225000.00000000 PA USD 1122333.88000000 0.306143049225 Long DBT CORP US N 2 2031-02-15 Fixed 3.87500000 N N N N N N PENSION INSURANCE M31AVDIX8NY21MAUQF46 000000000 1664000.00000000 PA 2083723.65000000 0.568384794687 Long DBT CORP GB N 2 2029-07-25 Fixed 7.37500000 N N N N N N Goldman Sachs International W22LROWP2IHZNBB6K528 000000000 26450000.00000000 NC 25266.64000000 0.006892072271 N/A DCR GB N 2 Goldman Sachs International W22LROWP2IHZNBB6K528 Put Purchased Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 Intercontinental Exchange, Inc. 5493000F4ZO33MV32P92 N/A 26450000.00000000 OU Notional Amount N/A 25266.64000000 0.01000000 DCR GB iTraxx Europe Crossover S42 2I667KKV9 buy protection 2029-12-20 0.00000000 N/A 0.00000000 N/A 26450000.00000000 EUR 1.00000000 4.62500000 EUR 2025-02-19 XXXX -27261.42000000 N N N AA BOND CO LTD 2138002EPF6QVRZBMC58 000000000 400000.00000000 PA 519223.92000000 0.141630576188 Long DBT CORP JE Y 2 2029-07-31 Fixed 7.37500000 N N N N N N Rockfield Park 254900FQNC3OT6YHSV84 000000000 1500000.00000000 PA 1577255.23000000 0.430233582113 Long ABS-CBDO CORP IE N 2 2034-07-16 Floating 9.12900000 N N N N N N CAIXABANK SA 7CUNS533WID6K7DGFI87 000000000 600000.00000000 PA 665784.95000000 0.181608555487 Long DBT CORP ES Y 2 2033-02-23 Fixed 6.25000000 N N N N N N PUNCH FINANCE PL 2138006IJRIU1Q5DN388 000000000 400000.00000000 PA 494688.19000000 0.134937876866 Long DBT CORP GB Y 2 2026-06-30 Fixed 6.12500000 N N N N N N NATIONWIDE BLDG SOCIETY 549300XFX12G42QIKN82 000000000 3086700.00000000 PA 5023510.68000000 1.370281076601 Long DBT CORP GB N 2 2099-12-06 Variable 10.25000000 N N N N N N VIRGIN MONEY UK PLC 213800ZK9VGCYYR6O495 000000000 1402000.00000000 PA 1806063.20000000 0.492646355060 Long DBT CORP GB Y 2 2027-06-17 Fixed 8.25000000 N N N N N N HILTON DOMESTIC OPERATIN 5493003EG7H0N1E4XV50 432833AQ4 200000.00000000 PA USD 199437.08000000 0.054401169641 Long DBT CORP US N 2 2032-04-01 Fixed 6.12500000 N N N N N N BARCLAYS PLC 213800LBQA1Y9L22JB70 06738EBT1 530000.00000000 PA USD 476647.82000000 0.130016940254 Long DBT CORP GB N 2 2028-03-15 Fixed 4.37500000 N N N N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 000000000 1000000.00000000 PA 1284762.13000000 0.350449187195 Long DBT CORP GB Y 2 2029-06-27 Fixed 7.87500000 N N N N N N AVIVA PLC YF0Y5B0IB8SM0ZFG9G81 000000000 800000.00000000 PA 984820.47000000 0.268633021775 Long DBT CORP GB Y 2 2054-09-12 Fixed 6.12500000 N N N N N N BPCE SA 9695005MSX1OYEMGDF46 000000000 1750000.00000000 PA USD 1734731.48000000 0.473188945231 Long DBT CORP FR Y 2 2035-05-30 Fixed 5.93600000 N N N N N N NATIONWIDE BLDG SOCIETY 549300XFX12G42QIKN82 000000000 1600000.00000000 PA 1940444.62000000 0.529302058332 Long DBT CORP GB Y 2 2027-06-20 Fixed 5.75000000 N N N N N N SVENSKA HANDELSBANKEN AB NHBDILHZTYCNBV5UYZ31 000000000 600000.00000000 PA 734047.67000000 0.200228823147 Long DBT CORP SE Y 2 2032-08-23 Fixed 4.62500000 N N N N N N Together Asset Backed Securitisation 635400WGT6N9TVLEC567 000000000 2748197.71000000 PA 3452599.14000000 0.941777885626 Long ABS-MBS CORP GB N 2 2065-10-12 Floating 5.66900000 N N N N N N DEUCE FINCO 9845007DA2BC863E8437 000000000 400000.00000000 PA 417986.08000000 0.114015566441 Long DBT CORP GB Y 2 2027-06-15 Floating 7.63600000 N N N N N N ENCORE CAPITAL GROUP INC 5493000UVC6H49CIH830 000000000 580000.00000000 PA 605331.83000000 0.165118540509 Long DBT CORP US Y 2 2028-01-15 Floating 7.42900000 N N N N N N CIRSA FINANCE INTER 254900KUJN6DHWH2K029 000000000 500000.00000000 PA 546983.55000000 0.149202670308 Long DBT CORP LU Y 2 2029-03-15 Fixed 6.50000000 N N N N N N EQUINIX INC 549300EVUN2BTLJ3GT74 29444UBU9 300000.00000000 PA USD 276484.16000000 0.075417578773 Long DBT US N 2 2032-04-15 Fixed 3.90000000 N N N N N N NATWEST GROUP PLC 2138005O9XJIJN4JPN90 000000000 200000.00000000 PA 238844.95000000 0.065150596082 Long DBT CORP GB N 2 2027-05-12 Fixed 5.12500000 N N N N N N VIRGIN MEDIA SECURED FIN 213800X3RLP4NOTPY579 000000000 600000.00000000 PA 698560.06000000 0.190548740126 Long DBT CORP GB N 2 2029-05-15 Fixed 5.25000000 N N N N N N ENCORE CAPITAL GROUP INC 5493000UVC6H49CIH830 292554AQ5 440000.00000000 PA USD 468776.44000000 0.127869835620 Long DBT CORP US N 2 2029-04-01 Fixed 9.25000000 N N N N N N PENSION INSURANCE M31AVDIX8NY21MAUQF46 000000000 750000.00000000 PA 854355.86000000 0.233045720854 Long DBT CORP GB Y 2 2031-05-07 Fixed 4.62500000 N N N N N N Armada Euro CLO 5493007EGG9FQTGU0L09 000000000 1000000.00000000 PA 1040067.70000000 0.283703007414 Long ABS-CBDO CORP IE N 2 2037-07-15 Floating 5.19100000 N N N N N N ING GROEP NV 549300NYKK9MWM7GGW15 456837AY9 1900000.00000000 PA USD 1725814.65000000 0.470756669440 Long DBT CORP NL N 2 2027-05-16 Fixed 3.87500000 N N N N N N LLOYDS BANKING GROUP PLC 549300PPXHEU2JF0AM85 000000000 2200000.00000000 PA 2319872.91000000 0.632800077712 Long DBT CORP GB Y 2 2035-12-03 Fixed 2.70700000 N N N N N N JERROLD FINCO PLC 213800F7AYNHLL1BPR31 000000000 530000.00000000 PA 653886.02000000 0.178362841553 Long DBT CORP GB Y 2 2027-01-15 Fixed 5.25000000 N N N N N N COVENTRY BLDG SOCIETY 2138004G59FXEAZ6IO10 000000000 1800000.00000000 PA 2319895.44000000 0.632806223301 Long DBT CORP GB Y 2 2029-06-11 Fixed 8.75000000 N N N N N N 2025-01-24 AMERICAN BEACON FUNDS Sonia Bates Sonia Bates Treasurer