COOPERATIEVE RABOBANK UA REGD V/R 144A P/P 1.98000000

NPORT-P false 0000875186 XXXXXXXX S000052237 C000164313 MORGAN STANLEY PATHWAY FUNDS 811-06318 0000875186 549300P3RUTI9W6SLI87 2000 Westchester Avenue NULL Purchase 10577 888-454-3965 Ultra-Short Term Fixed Income Fund S000052237 549300WRUOSKJP4FVL84 2025-08-31 2024-11-30 N 301995001.76 38754971.87 263240029.89 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4957851.10000000 AUD CAD DKK EUR GBP JPY MXN NZD USD N Securities Portfolio SEC_PORT COOPERATIEVE RABO V/R 12/15/27 DG3RU1DBUFHT4ZF9WN62 COOPERATIEVE RABOBANK UA REGD V/R 144A P/P 1.98000000 74977RDL5 500000.00000000 NS USD 472541.21000000 0.179509632405 Long DBT CORP NL Y 2 2027-12-15 Variable 1.98000000 N N N N N N GSMBS 2021-RPL1 V/R 12/25/60 N/A GS MORTGAGE-BACKED SECURITIES CORP TRUST 2021 SER 2021-RPL1 CL A1 V/R REGD 144A P/P 1.75000000 36261WAA5 1110649.92000000 NS USD 1031659.05000000 0.391908119153 Long ABS-CBDO CORP US Y 2 2060-12-25 Variable 1.75000000 N N N N N N AMERICAN EXPRESS V/R 07/26/28 R4PP93JZOLY261QX3811 AMERICAN EXPRESS CO REGD V/R 5.57213000 025816DX4 1200000.00000000 NS USD 1206538.38000000 0.458341529783 Long DBT CORP US N 2 2028-07-26 Variable 5.57213000 N N N N N N SFAST 2024-2A 5.71% 10/20/27 N/A SFS AUTO RECEIVABLES SECURITIZATION TRUST 2 SER 2024-2A CL A2 REGD 144A P/P 5.71000000 78397XAB0 792766.43000000 NS USD 796059.66000000 0.302408285066 Long ABS-CBDO CORP US Y 2 2027-10-20 Fixed 5.71000000 N N N N N N F/C US ULTRA BOND CBT MAR25 N/A FUTURE CONTRACT ON US ULTRA BOND CBT MAR25 0.00000000 N/A -21.00000000 NC USD -2670937.50000000 -1.01463956721 N/A DIR CORP US N 1 Wells Fargo Securities LLC VYVVCKR63DVZZN70PB21 Short F/C US ULTRA BOND CBT MAR25 US ULTRA BOND CBT MAR25 2025-03-20 2580585.31000000 USD -90352.19000000 N N N MERCEDES-BENZ FIN V/R 07/31/26 N/A MERCEDES-BENZ FIN NA REGD V/R 144A P/P 5.27193100 58769JAV9 900000.00000000 NS USD 902592.76000000 0.342878231846 Long DBT CORP US Y 2 2026-07-31 Variable 5.27193100 N N N N N N DEUTSCHE BANK NY V/R 07/14/26 N/A DEUTSCHE BANK NY REGD V/R 6.11900000 25160PAJ6 1600000.00000000 NS USD 1611667.78000000 0.612242667148 Long DBT CORP US N 2 2026-07-14 Variable 6.11900000 N N N N N N CSMC 2022-RPL4 A V/R 03/01/62 N/A CSMC 2022-RPL4 TRUST SER 2022-RPL4 CL A1 V/R REGD 144A P/P 3.90435000 12663TAA7 160076.54000000 NS USD 152809.99000000 0.058049678107 Long ABS-CBDO CORP US Y 2 2062-04-25 Variable 3.90435000 N N N N N N TEVT 2023-1 A2B V/R 12/21/26 N/A TESLA ELECTRIC VEHICLE TRUST 2023-1 SER 2023-1 CL A2B V/R REGD 144A P/P 5.28078000 881943AC8 2080024.66000000 NS USD 2081177.93000000 0.790600856134 Long ABS-CBDO CORP US Y 2 2026-12-21 Variable 5.28078000 N N N N N N MF1 2021-FL5 A V/R 07/15/36 N/A MF1 MULTIFAMILY HOUSING MORTGAGE LOAN SER 2021-FL5 CL A V/R REGD 144A P/P 5.57377000 55282XAA8 305270.32000000 NS USD 304553.29000000 0.115694140487 Long ABS-CBDO CORP KY Y 2 2036-07-15 Variable 5.57377000 N N N N N N BANK OF AMERICA C V/R 01/23/26 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORP REGD V/R 3.36600000 06051GGZ6 500000.00000000 NS USD 498761.17000000 0.189470108405 Long DBT CORP US N 2 2026-01-23 Variable 3.36600000 N N N N N N NRZT 2018-3A A1 V/R 05/25/58 N/A NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-3 SER 2018-3A CL A1 V/R REGD 144A P/P 4.50000000 64830KAA5 143199.75000000 NS USD 139436.42000000 0.052969307159 Long ABS-CBDO CORP US Y 2 2058-05-25 Variable 4.50000000 N N N N N N PFSFC 2023-D A V/R 08/15/25 N/A PFS FINANCING CORP SER 2023-D CL A V/R REGD 144A P/P 5.95563000 69335PFA8 1500000.00000000 NS USD 1509697.20000000 0.573505937007 Long ABS-CBDO CORP US Y 2 2027-08-15 Variable 5.95563000 N N N N N N GNR 2020-17 EU 2.5% 10/20/49 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-17 CL EU 2.50000000 38382CP47 66508.63000000 NS USD 58414.19000000 0.022190466254 Long ABS-CBDO CORP US N 2 2049-10-20 Fixed 2.50000000 N N N N N N SWEDBANK AB V/R 06/15/26 M312WZV08Y7LYUC71685 SWEDBANK AB REGD V/R REG S 6.18935000 W9T23YJK0 800000.00000000 NS USD 812461.00000000 0.308638849623 Long DBT CORP SE N 2 2026-06-15 Variable 6.18935000 N N N N N N TIA 2018-1A A1AR V/R 01/20/32 N/A TIAA CLO IV LTD SER 2018-1A CL A1AR V/R REGD 144A P/P 5.75740000 88631YAL1 1022822.61000000 NS USD 1024244.33000000 0.389091404687 Long ABS-CBDO CORP KY Y 2 2032-01-20 Variable 5.75740000 N N N N N N ATHENE GLOBAL FUN V/R 03/25/27 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING REGD V/R 144A P/P 5.94763700 04685A3U3 2700000.00000000 NS USD 2713806.96000000 1.030924879143 Long DBT CORP US Y 2 2027-03-25 Variable 5.94763700 N N N N N N GSMBS 2021-INV1 V/R 12/25/43 N/A GS MORTGAGE-BACKED SECURITIES TRUST 2021-INV1 SER 2021-INV1 CL A9 V/R REGD 144A P/P 5.00000000 36263KAJ0 235821.19000000 NS USD 219026.88000000 0.083204245224 Long ABS-CBDO CORP US Y 2 2051-12-25 Variable 5.00000000 N N N N N N OBX 2024-NQM5 A1 V/R 03/25/28 N/A OBX 2024-NQM5 TRUST SER 2024-NQM5 CL A1 V/R REGD 144A P/P 5.98800000 67448NAA6 335609.31000000 NS USD 338466.05000000 0.128576968381 Long ABS-CBDO CORP US Y 2 2064-01-25 Variable 5.98800000 N N N N N N BVSTAT 2024-1A A V/R 07/20/32 N/A VERDELITE STATIC CLO 2024-1 LTD SER 2024-1A CL A V/R REGD 144A P/P 5.74740000 92338VAA9 1163076.99000000 NS USD 1164492.45000000 0.442369061607 Long ABS-CBDO CORP JE Y 2 2032-07-20 Variable 5.74740000 N N N N N N GCCT 2022-1A A 1.97% 01/15/27 N/A GOLDEN CREDIT CARD TRUST SER 2022-1A CL A REGD 144A P/P 1.97000000 380881FE7 1100000.00000000 NS USD 1041076.74000000 0.395485724733 Long ABS-CBDO CORP CA Y 2 2029-01-15 Fixed 1.97000000 N N N N N N LADAR 2023-2A 5.93% 04/15/25 N/A LAD AUTO RECEIVABLES TRUST 2023-2 SER 2023-2A CL A2 REGD 144A P/P 5.93000000 505713AB3 312722.55000000 NS USD 313507.05000000 0.119095507674 Long ABS-CBDO CORP US Y 2 2027-06-15 Fixed 5.93000000 N N N N N N ABN AMRO BANK NV V/R 10/13/26 BFXS5XCH7N0Y05NIXW11 ABN AMRO BANK NV REGD V/R 144A P/P MTN 6.57500000 00084DBC3 2400000.00000000 NS USD 2430094.34000000 0.923147722257 Long DBT CORP NL Y 2 2026-10-13 Variable 6.57500000 N N N N N N HAROT 2023-2 A 5.41% 03/17/25 N/A HONDA AUTO RECEIVABLES 2023-2 OWNER TRUST SER 2023-2 CL A2 REGD 5.41000000 437927AB2 307671.58000000 NS USD 308135.79000000 0.117055065724 Long ABS-CBDO CORP US N 2 2026-04-15 Fixed 5.41000000 N N N N N N CFII 2024-1A A 5.52% 09/15/27 N/A CHESAPEAKE FUNDING II LLC SER 2024-1A CL A1 REGD 144A P/P 5.52000000 165183DE1 513467.35000000 NS USD 518568.49000000 0.196994541528 Long ABS-CBDO CORP US Y 2 2036-05-15 Fixed 5.52000000 N N N N N N CGCMT 2021-KEYS V/R 10/15/23 N/A CITIGROUP COMMERCIAL MORTGAGE TRUST 2021-KEYS SER 2021-KEYS CL A V/R REGD 144A P/P 5.90448000 17291GAA4 2700000.00000000 NS USD 2685822.44000000 1.020294079560 Long ABS-CBDO CORP US Y 2 2036-10-15 Variable 5.90448000 N N N N N N BMW US CAPITAL LL V/R 08/13/26 N/A BMW US CAPITAL LLC REGD V/R 144A P/P 5.39908100 05565ECN3 3100000.00000000 NS USD 3119570.55000000 1.185066933514 Long DBT CORP US Y 2 2026-08-13 Variable 5.39908100 N N N N N N ELFI 2021-A A 1.53% 12/26/46 N/A ELFI GRADUATE LOAN PROGRAM 2021-A LLC SER 2021-A CL A REGD 144A P/P 1.53000000 28628BAA6 1486947.98000000 NS USD 1305130.52000000 0.495794853292 Long ABS-CBDO CORP US Y 2 2046-12-26 Fixed 1.53000000 N N N N N N VOLKSWAGEN GROUP V/R 03/20/26 N/A VOLKSWAGEN GROUP AMERICA REGD V/R 144A P/P 5.58753700 928668CD2 2800000.00000000 NS USD 2799598.84000000 1.063515621529 Long DBT CORP US Y 2 2026-03-20 Variable 5.58753700 N N N N N N ING GROEP NV V/R 03/28/26 549300NYKK9MWM7GGW15 ING GROEP NV REGD V/R 6.36873000 456837BD4 1600000.00000000 NS USD 1606000.62000000 0.610089818281 Long DBT CORP NL N 2 2026-03-28 Variable 6.36873000 N N N N N N SMB 2023-C A1B V/R 10/15/33 N/A SMB PRIVATE EDUCATION LOAN TRUST 2023-C SER 2023-C CL A1B V/R REGD 144A P/P 6.34827000 83207DAB4 481495.31000000 NS USD 488871.51000000 0.185713210184 Long ABS-CBDO CORP US Y 2 2052-11-15 Variable 6.34827000 N N N N N N LMAT 2021-SL2 A V/R 10/25/68 N/A LEGACY MORTGAGE ASSET TRUST 2021-SL2 SER 2021-SL2 CL A V/R REGD 144A P/P 4.87500000 52476TAA0 211240.94000000 NS USD 210021.38000000 0.079783222972 Long ABS-CBDO CORP US Y 2 2068-10-25 Variable 4.87500000 N N N N N N BCC 2021-2A A1R V/R 07/16/34 N/A BAIN CAPITAL CREDIT CLO 2021-2 LTD SER 2021-2A CL A1R V/R REGD 144A P/P 5.87730000 05684RAL6 1000000.00000000 NS USD 1001380.00000000 0.380405670223 Long ABS-CBDO CORP KY Y 2 2034-07-16 Variable 5.87730000 N N N N N N WELLS FARGO & COM V/R 02/11/26 PBLD0EJDB5FWOLXP3B76 WELLS FARGO & COMPANY REGD V/R MTN 2.16400000 95000U2K8 1600000.00000000 NS USD 1591432.74000000 0.604555751138 Long DBT CORP US N 2 2026-02-11 Variable 2.16400000 N N N N N N VENTR 2019-36A A V/R 04/20/32 N/A VENTURE 36 CLO LTD SER 2019-36A CL A1AR V/R REGD 144A P/P 6.00901000 92332LAU3 943353.09000000 NS USD 944420.02000000 0.358767631349 Long ABS-CBDO CORP KY Y 2 2032-04-20 Variable 6.00901000 N N N N N N GNR 2024-H01 FB V/R 01/20/74 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2024-H01 CL FB V/R 5.66078000 38383KNN8 795028.78000000 NS USD 803389.46000000 0.305192740000 Long ABS-CBDO CORP US N 2 2074-01-20 Variable 5.66078000 N N N N N N BSABS 2005-CL1 A V/R 09/25/34 N/A BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-CL1 SER 2005-CL1 CL A2 V/R REGD 5.20219000 073879V21 191764.11000000 NS USD 188533.19000000 0.071620258544 Long ABS-CBDO CORP US N 2 2034-09-25 Variable 5.20219000 N N N N N N FHR 4344 FA V/R 12/15/37 N/A FREDDIE MAC REMICS SER 4344 CL FA V/R 5.77735000 3137BAJK9 388576.80000000 NS USD 377998.73000000 0.143594699543 Long ABS-CBDO CORP US N 2 2037-12-15 Variable 5.77735000 N N N N N N HCA INC 5.25% 04/15/25 N/A HCA INC REGD 5.25000000 404119BQ1 2600000.00000000 NS USD 2602583.78000000 0.988673258048 Long DBT CORP US N 2 2025-04-15 Fixed 5.25000000 N N N N N N VALET 2023-1 A2 5.5% 12/21/26 N/A VOLKSWAGEN AUTO LOAN ENHANCED TRUST 2023-1 SER 2023-1 CL A2A REGD 5.50000000 92867WAB4 689709.58000000 NS USD 691237.98000000 0.262588474970 Long ABS-CBDO CORP US N 2 2026-12-21 Fixed 5.50000000 N N N N N N BANK OF AMERICA C V/R 04/02/26 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORP REGD V/R MTN 6.05528400 06051GKN8 200000.00000000 NS USD 200719.41000000 0.076249577271 Long DBT CORP US N 2 2026-04-02 Variable 6.05528400 N N N N N N NAVSL 2020-A A2B V/R 07/15/28 N/A NAVIENT PRIVATE EDUCATION LOAN TRUST 2020-A SER 2020-A CL A2B V/R REGD 144A P/P 5.62377000 63941FAC0 229294.33000000 NS USD 228709.33000000 0.086882428214 Long ABS-CBDO CORP US Y 2 2068-11-15 Variable 5.62377000 N N N N N N ABN AMRO BANK NV V/R 09/18/27 BFXS5XCH7N0Y05NIXW11 ABN AMRO BANK NV REGD V/R 6.55555300 00084EAF5 400000.00000000 NS USD 407669.42000000 0.154866043804 Long DBT CORP NL N 2 2027-09-18 Variable 6.55555300 N N N N N N IMPERIAL BRANDS 3.5% 07/26/26 N/A IMPERIAL BRANDS FIN PLC REGD 144A P/P 3.50000000 45262BAB9 1200000.00000000 NS USD 1173488.12000000 0.445786349625 Long DBT CORP GB Y 2 2026-07-26 Fixed 3.50000000 N N N N N N AESOP 2019-3A 2.36% 03/20/25 N/A AVIS BUDGET RENTAL CAR FUNDING AESOP LLC SER 2019-3A CL A REGD 144A P/P 2.36000000 05377RDQ4 400000.00000000 NS USD 397914.32000000 0.151160262429 Long ABS-CBDO CORP US Y 2 2026-03-20 Fixed 2.36000000 N N N N N N FORD MOTOR CRE 4.134% 08/04/25 N/A FORD MOTOR CREDIT CO LLC REGD 4.13400000 345397XL2 400000.00000000 NS USD 397181.94000000 0.150882044864 Long DBT CORP US N 2 2025-08-04 Fixed 4.13400000 N N N N N N GENERAL MOTORS FI V/R 05/08/27 N/A GENERAL MOTORS FINL CO REGD V/R 5.95366900 37045XES1 500000.00000000 NS USD 504231.93000000 0.191548348558 Long DBT CORP US N 2 2027-05-08 Variable 5.95366900 N N N N N N CSMC 2021-RPL4 A V/R 12/27/60 N/A CSMC 2021-RPL4 TRUST SER 2021-RPL4 CL A1 V/R REGD 144A P/P 4.08801900 12662GAC2 644462.36000000 NS USD 642756.92000000 0.244171420383 Long ABS-CBDO CORP US Y 2 2060-12-27 Variable 4.08801900 N N N N N N SANTANDER HOLDI 3.45% 06/02/25 N/A SANTANDER HOLDINGS USA REGD 3.45000000 80282KBB1 3000000.00000000 NS USD 2975004.36000000 1.130148921971 Long DBT CORP US N 2 2025-06-02 Fixed 3.45000000 N N N N N N ECMC 2018-1A A V/R 02/25/30 N/A ECMC GROUP STUDENT LOAN TRUST 2018-1 SER 2018-1A CL A V/R 144A P/P 5.59851000 26828HAA5 312470.30000000 NS USD 311041.34000000 0.118158830224 Long ABS-CBDO CORP US Y 2 2068-02-27 Variable 5.59851000 N N N N N N GNR 2017-H15 FE V/R 07/20/67 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2017-H15 CL FE V/R 6.71710000 38376R6F8 888717.16000000 NS USD 900469.11000000 0.342071496639 Long ABS-CBDO CORP US N 2 2067-07-20 Variable 6.71710000 N N N N N N WILLIAMS COMPANI 5.4% 03/02/26 D71FAKCBLFS2O0RBPG08 WILLIAMS COMPANIES INC REGD 5.40000000 969457CH1 200000.00000000 NS USD 201507.68000000 0.076549026409 Long DBT CORP US N 2 2026-03-02 Fixed 5.40000000 N N N N N N NISSAN MOTOR ACCEP 2% 03/09/26 N/A NISSAN MOTOR ACCEPTANCE REGD 144A P/P 2.00000000 654740BS7 400000.00000000 NS USD 380601.92000000 0.144583603093 Long DBT CORP US Y 2 2026-03-09 Fixed 2.00000000 N N N N N N FNR 2019-9 FA V/R 03/25/49 N/A FANNIE MAE REMICS SER 2019-9 CL FA V/R 5.72735000 3136B33L2 250382.76000000 NS USD 247516.00000000 0.094026732979 Long ABS-CBDO CORP US N 2 2049-03-25 Variable 5.72735000 N N N N N N US TIPS 2.125% 04/15/29 N/A UNITED STATES TREASURY INFLATION INDEXED BONDS 2.12500000 91282CKL4 3160171.00000000 NS USD 3198737.00000000 1.215140798052 Long DBT UST US N 2 2029-04-15 Fixed 2.12500000 N N N N N N NSLT 2019-3A A V/R 09/25/28 N/A NELNET STUDENT LOAN TRUST 2019-3 SER 2019-3A CL A V/R 144A P/P 5.50219000 64031DAA8 399065.57000000 NS USD 398008.13000000 0.151195899106 Long ABS-CBDO CORP US Y 2 2067-08-25 Variable 5.50219000 N N N N N N ESA 2021-ESH A V/R 07/15/26 N/A EXTENDED STAY AMERICA TRUST 2021-ESH SER 2021-ESH CL A V/R REGD 144A P/P 5.80348000 30227FAA8 1861912.79000000 NS USD 1864398.82000000 0.708250497000 Long ABS-CBDO CORP US Y 2 2038-07-15 Variable 5.80348000 N N N N N N UMBS P#SD8012 4% 09/01/49 N/A FREDDIE MAC POOL UMBS P#SD8012 4.00000000 3132DV3V5 303152.76000000 NS USD 287119.54000000 0.109071382540 Long ABS-MBS USGA US N 2 2049-09-01 Fixed 4.00000000 N N N N N N TCCT 2023-3A A V/R 08/26/25 N/A TRILLIUM CREDIT CARD TRUST II SER 2023-3A CL A V/R REGD 144A P/P 5.41527700 89621ABT5 3000000.00000000 NS USD 3009942.15000000 1.143421139732 Long ABS-CBDO CORP CA Y 2 2028-08-26 Variable 5.41527700 N N N N N N GENERAL MOTORS 6.05% 10/10/25 N/A GENERAL MOTORS FINL CO REGD 6.05000000 37045XDZ6 300000.00000000 NS USD 302993.71000000 0.115101685000 Long DBT CORP US N 2 2025-10-10 Fixed 6.05000000 N N N N N N WOART 2023-A A2B V/R 12/15/24 N/A WORLD OMNI AUTO RECEIVABLES TRUST 2023-A SER 2023-A CL A2B V/R REGD 5.23563000 98164JAC8 32238.88000000 NS USD 32240.70000000 0.012247643344 Long ABS-CBDO CORP US N 2 2026-07-15 Variable 5.23563000 N N N N N N US T BILL ZCP 02/27/25 N/A UNITED STATES TREASURY BILL ZCP 0.00000000 912797ML8 2500000.00000000 PA USD 2473326.04000000 0.939570642441 Long STIV UST US N 2 2025-02-27 Fixed 0.00000000 N N N N N N TPMT 2018-3 A1 V/R 05/25/58 N/A TOWD POINT MORTGAGE TRUST 2018-3 SER 2018-3 CL A1 V/R REGD 144A P/P 3.75000000 89175MAA1 259740.31000000 NS USD 253249.50000000 0.096204783180 Long ABS-CBDO CORP US Y 2 2058-05-25 Variable 3.75000000 N N N N N N UMBS P#SD0251 4% 06/01/49 N/A FREDDIE MAC POOL UMBS P#SD0251 4.00000000 3132DMH40 51923.73000000 NS USD 49179.49000000 0.018682375176 Long ABS-MBS USGA US N 2 2049-06-01 Fixed 4.00000000 N N N N N N AVOLON HOLDING 2.875% 02/15/25 N/A AVOLON HOLDINGS FNDG LTD REGD 144A P/P 2.87500000 05401AAH4 1500000.00000000 NS USD 1490576.31000000 0.566242265898 Long DBT CORP IE Y 2 2025-02-15 Fixed 2.87500000 N N N N N N LADAR 2023-3A 6.09% 11/15/24 N/A LAD AUTO RECEIVABLES TRUST 2023-3 SER 2023-3A CL A2 REGD 144A P/P 6.09000000 50168BAB4 13653.13000000 NS USD 13659.00000000 0.005188800504 Long ABS-CBDO CORP US Y 2 2026-06-15 Fixed 6.09000000 N N N N N N BNP PARIBAS 3.375% 01/09/25 R0MUWSFPU8MPRO8K5P83 BNP PARIBAS REGD 144A P/P 3.37500000 09659W2D5 2325000.00000000 NS USD 2321145.22000000 0.881759974335 Long DBT CORP FR Y 2 2025-01-09 Fixed 3.37500000 N N N N N N ATHENE GLOBAL FUN V/R 05/08/26 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING REGD V/R 144A P/P 5.45366900 04685A3W9 300000.00000000 NS USD 300090.13000000 0.113998668867 Long DBT CORP US Y 2 2026-05-08 Variable 5.45366900 N N N N N N JPMORGAN CHASE & V/R 02/24/26 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE & CO REGD V/R 5.51611800 46647PCX2 300000.00000000 NS USD 300557.42000000 0.114176183662 Long DBT CORP US N 2 2026-02-24 Variable 5.51611800 N N N N N N ILLUMINA INC 4.65% 09/09/26 SQ95QG8SR5Q56LSNF682 ILLUMINA INC REGD 4.65000000 452327AQ2 300000.00000000 NS USD 299029.65000000 0.113595812204 Long DBT CORP US N 2 2026-09-09 Fixed 4.65000000 N N N N N N SMB 2021-D A1A 1.34% 08/15/30 N/A SMB PRIVATE EDUCATION LOAN TRUST 2021-D SER 2021-D CL A1A REGD 144A P/P 1.34000000 78449MAA4 165584.22000000 NS USD 153114.88000000 0.058165500157 Long ABS-CBDO CORP US Y 2 2053-03-17 Fixed 1.34000000 N N N N N N AMERICAN EXPRESS V/R 11/04/26 R4PP93JZOLY261QX3811 AMERICAN EXPRESS CO REGD V/R 5.27236000 025816CL1 1000000.00000000 NS USD 1001732.62000000 0.380539624014 Long DBT CORP US N 2 2026-11-04 Variable 5.27236000 N N N N N N ENEL FINANCE INT 4.5% 06/15/25 N/A ENEL FINANCE INTL NV REGD 144A P/P 4.50000000 29278GAV0 921000.00000000 NS USD 917184.36000000 0.348421309776 Long DBT CORP NL Y 2 2025-06-15 Variable 4.50000000 N N N N N N CARD2 2023-2A A V/R 07/15/25 N/A CARDS II TRUST SER 2023-2A CL A V/R REGD 144A P/P 5.48213700 14161GCF5 700000.00000000 NS USD 701382.12000000 0.266442045418 Long ABS-CBDO CORP CA Y 2 2028-07-15 Variable 5.48213700 N N N N N N CHAOT 2024-2A 5.66% 12/25/25 N/A CHASE AUTO OWNER TRUST 2024-2 SER 2024-2A CL A2 REGD 144A P/P 5.66000000 16144CAB2 732899.32000000 NS USD 735967.09000000 0.279580233411 Long ABS-CBDO CORP US Y 2 2027-05-26 Fixed 5.66000000 N N N N N N LMAT 2021-GS5 A1 V/R 07/25/67 N/A LEGACY MORTGAGE ASSET TRUST 2021-GS5 SER 2021-GS5 CL A1 V/R REGD 144A P/P 5.25000000 52475XAA2 259098.42000000 NS USD 258441.61000000 0.098177169371 Long ABS-CBDO CORP US Y 2 2067-07-25 Variable 5.25000000 N N N N N N DRSLF 2015-38A A V/R 07/15/30 N/A DRYDEN 38 SENIOR LOAN FUND SER 2015-38A CL ARR V/R REGD 144A P/P 5.80590000 26249QBA5 370135.73000000 NS USD 370801.97000000 0.140860784036 Long ABS-CBDO CORP KY Y 2 2030-07-15 Variable 5.80590000 N N N N N N TAOT 2022-C A3 3.76% 12/15/25 N/A TOYOTA AUTO RECEIVABLES 2022-C OWNER TRUST SER 2022-C CL A3 REGD 3.76000000 89231CAD9 1141178.49000000 NS USD 1135386.78000000 0.431312357954 Long ABS-CBDO CORP US N 2 2027-04-15 Fixed 3.76000000 N N N N N N SOUTHERN CAL EDI 4.4% 09/06/26 N/A SOUTHERN CAL EDISON REGD 4.40000000 842400JF1 200000.00000000 NS USD 199437.28000000 0.075762519888 Long DBT CORP US N 2 2026-09-06 Fixed 4.40000000 N N N N N N FHR 5481 FJ V/R 12/25/54 N/A FREDDIE MAC REMICS SER 5481 CL FJ V/R 5.89273000 3137HHQ95 900000.00000000 NS USD 904056.84000000 0.343434408656 Long ABS-CBDO CORP US N 2 2054-12-25 Variable 5.89273000 N N N N N N SUMITOMO MITSUI F V/R 07/13/26 35380028MYWPB6AUO129 SUMITOMO MITSUI FINL GRP REGD V/R 5.99148600 86562MCZ1 1000000.00000000 NS USD 1015452.79000000 0.385751661867 Long DBT CORP JP N 2 2026-07-13 Variable 5.99148600 N N N N N N NAVSL 2020-IA 1.33% 12/15/29 N/A NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2020-H SER 2020-IA CL A1A REGD 144A P/P 1.33000000 63942AAA4 195542.04000000 NS USD 177383.48000000 0.067384690722 Long ABS-CBDO CORP US Y 2 2069-04-15 Fixed 1.33000000 N N N N N N LLOYDS BANKING GR V/R 02/05/26 549300PPXHEU2JF0AM85 LLOYDS BANKING GROUP PLC REGD V/R 2.43800000 539439AV1 900000.00000000 NS USD 895828.37000000 0.340308565674 Long DBT CORP GB N 2 2026-02-05 Variable 2.43800000 N N N N N N CMLTI 2021-INV3 V/R 05/25/51 N/A CITIGROUP MORTGAGE LOAN TRUST 2021-INV3 SER 2021-INV3 CL A11 V/R REGD 144A P/P 5.00000000 17329VDF3 1421731.28000000 NS USD 1320517.95000000 0.501640252263 Long ABS-CBDO CORP US Y 2 2051-05-25 Variable 5.00000000 N N N N N N TCCT 2024-1A A V/R 12/26/25 N/A TRILLIUM CREDIT CARD TRUST II SER 2024-1A CL A V/R REGD 144A P/P 5.31371900 89621ABZ1 3000000.00000000 NS USD 3006475.65000000 1.142104280741 Long ABS-CBDO CORP CA Y 2 2028-12-26 Variable 5.31371900 N N N N N N DLLST 2024-1A 5.33% 07/20/25 N/A DLLST 2024-1 LLC SER 2024-1A CL A2 REGD 144A P/P 5.33000000 23346HAB3 813516.75000000 NS USD 815177.50000000 0.309670797538 Long ABS-CBDO CORP US Y 2 2026-01-20 Fixed 5.33000000 N N N N N N GNR 2016-H06 FD V/R 07/20/65 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2016-H06 CL FD V/R 5.89103000 38376RSG2 740125.62000000 NS USD 741337.21000000 0.281620242297 Long ABS-CBDO CORP US N 2 2065-07-20 Variable 5.89103000 N N N N N N M360 2021-CRE3 A V/R 11/22/38 N/A M360 2021-CRE3 LTD SER 2021-CRE3 CL A V/R REGD 144A P/P 6.20961000 55379AAA2 1150420.61000000 NS USD 1148128.40000000 0.436152662830 Long ABS-CBDO CORP KY Y 2 2038-11-22 Variable 6.20961000 N N N N N N NHEL 2005-4 M1 V/R 01/25/36 N/A NOVASTAR MORTGAGE FUNDING TRUST SERIES 2005-4 SER 2005-4 CL M1 V/R REGD 5.36219000 66987WDE4 37970.14000000 NS USD 37682.25000000 0.014314787160 Long ABS-CBDO CORP US N 2 2036-01-25 Variable 5.36219000 N N N N N N ENERGY TRANSFER 2.9% 05/15/25 MTLVN9N7JE8MIBIJ1H73 ENERGY TRANSFER LP REGD 2.90000000 29278NAP8 1600000.00000000 NS USD 1584876.72000000 0.602065240861 Long DBT CORP US N 2 2025-05-15 Fixed 2.90000000 N N N N N N STANDARD CHARTERE V/R 03/30/26 U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTERED PLC REGD V/R 144A P/P 6.46873400 853254CK4 2050000.00000000 NS USD 2058897.02000000 0.782136752096 Long DBT CORP GB Y 2 2026-03-30 Variable 6.46873400 N N N N N N TPMT 2017-5 A1 V/R 02/25/57 N/A TOWD POINT MORTGAGE TRUST 2017-5 SER 2017-5 CL A1 V/R REGD 144A P/P 5.30219000 89169EAA7 49731.59000000 NS USD 51646.51000000 0.019619550271 Long ABS-CBDO CORP US Y 2 2057-02-25 Variable 5.30219000 N N N N N N TPMT 2019-HY2 A1 V/R 05/25/58 N/A TOWD POINT MORTGAGE TRUST 2019-HY2 SER 2019-HY2 CL A1 V/R REGD 144A P/P 5.70219000 89177HAA0 136442.75000000 NS USD 140329.51000000 0.053308575469 Long ABS-CBDO CORP US Y 2 2058-05-25 Variable 5.70219000 N N N N N N NAVSL 2015-BA A3 V/R 05/15/27 N/A NAVIENT PRIVATE EDUCATION LOAN TRUST 2015-B SER 2015-BA CL A3 V/R REGD 144A P/P 6.17377000 63939KAC3 460685.90000000 NS USD 462033.45000000 0.175517929470 Long ABS-CBDO CORP US Y 2 2040-07-16 Variable 6.17377000 N N N N N N WOODSIDE FINANC 3.65% 03/05/25 N/A WOODSIDE FINANCE LTD REGD P/P 3.65000000 980236AM5 1500000.00000000 NS USD 1494189.47000000 0.567614838299 Long DBT CORP AU Y 2 2025-03-05 Fixed 3.65000000 N N N N N N GOLDMAN SACHS BAN V/R 03/18/27 N/A GOLDMAN SACHS BANK USA REGD V/R SER BKNT 5.54555200 38151LAE0 200000.00000000 NS USD 200353.58000000 0.076110605246 Long DBT CORP US Y 2 2027-03-18 Variable 5.54555200 N N N N N N LLOYDS BANKING GR V/R 11/26/28 549300PPXHEU2JF0AM85 LLOYDS BANKING GROUP PLC REGD V/R 5.65630000 539439BB4 800000.00000000 NS USD 801087.26000000 0.304318176963 Long DBT CORP GB N 2 2028-11-26 Variable 5.65630000 N N N N N N CARMX 2024-3 A2B V/R 05/15/26 N/A CARMAX AUTO OWNER TRUST 2024-3 SER 2024-3 CL A2B V/R REGD 5.27563000 14319GAC5 2000000.00000000 NS USD 1999685.80000000 0.759643508943 Long ABS-CBDO CORP US N 2 2027-09-15 Variable 5.27563000 N N N N N N VWALT 2023-A A2B V/R 01/20/26 N/A VOLKSWAGEN AUTO LEASE TRUST 2023-A SER 2023-A CL A2B V/R REGD 5.32176000 92867UAC6 349644.35000000 NS USD 349797.35000000 0.132881518873 Long ABS-CBDO CORP US N 2 2026-01-20 Variable 5.32176000 N N N N N N FORDL 2023-B A2B V/R 01/15/25 N/A FORD CREDIT AUTO LEASE TRUST 2023-B SER 2023-B CL A2B V/R REGD 5.39563000 34529NAC4 408595.00000000 NS USD 408719.64000000 0.155265002883 Long ABS-CBDO CORP US N 2 2026-02-15 Variable 5.39563000 N N N N N N BMWLT 2023-2 A 5.99% 12/26/25 N/A BMW VEHICLE LEASE TRUST 2023-2 SER 2023-2 CL A3 REGD 5.99000000 055979AC2 300000.00000000 NS USD 302188.86000000 0.114795937428 Long ABS-CBDO CORP US N 2 2026-09-25 Fixed 5.99000000 N N N N N N NSLT 2017-3A A V/R 06/25/37 N/A NELNET STUDENT LOAN TRUST 2017-3 SER 2017-3A CL A V/R 144A P/P 5.69851000 64032KAA1 493987.96000000 NS USD 492620.45000000 0.187137362887 Long ABS-CBDO CORP US Y 2 2066-02-25 Variable 5.69851000 N N N N N N CGMS 2018-2A A1R V/R 10/15/31 N/A CARLYLE US CLO 2018-2 LTD SER 2018-2A CL A1R V/R REGD 144A P/P 5.80590000 14317PAJ2 465352.52000000 NS USD 466072.89000000 0.177052437729 Long ABS-CBDO CORP KY Y 2 2031-10-15 Variable 5.80590000 N N N N N N HALST 2024-A A2B V/R 09/15/25 N/A HYUNDAI AUTO LEASE SECURITIZATION TR SER 2024-A CL A2B V/R REGD 144A P/P 5.30563000 448988AC9 1132799.95000000 NS USD 1133703.24000000 0.430672812365 Long ABS-CBDO CORP US Y 2 2026-06-15 Variable 5.30563000 N N N N N N ANCHC 2015-6A AR V/R 04/22/34 N/A ANCHORAGE CAPITAL CLO 6 LTD SER 2015-6A CL AR3 V/R REGD 144A P/P 6.07163000 03328QBL4 1200000.00000000 NS USD 1206050.40000000 0.458156155241 Long ABS-CBDO CORP KY Y 2 2034-04-22 Variable 6.07163000 N N N N N N BOEING CO 2.6% 10/30/25 RVHJWBXLJ1RFUBSY1F30 BOEING CO REGD 2.60000000 097023BP9 400000.00000000 NS USD 392321.71000000 0.149035733723 Long DBT CORP US N 2 2025-10-30 Fixed 2.60000000 N N N N N N BARC 2024-NQM1 A V/R 01/25/28 N/A BARCLAYS MORTGAGE LOAN TRUST 2024-NQM1 SER 2024-NQM1 CL A1 V/R REGD 144A P/P 5.90300000 06745AAA2 638479.35000000 NS USD 647102.14000000 0.245822088787 Long ABS-CBDO CORP US Y 2 2064-01-25 Variable 5.90300000 N N N N N N VERUS 2023-5 A1 V/R 06/25/68 N/A VERUS SECURITIZATION TRUST 2023-5 SER 2023-5 CL A1 V/R REGD 144A P/P 6.47600000 924934AA0 207820.63000000 NS USD 209834.04000000 0.079712055984 Long ABS-CBDO CORP US Y 2 2068-06-25 Variable 6.47600000 N N N N N N GCAT 2022-HX1 A1 V/R 12/27/66 N/A GCAT 2022-CM1 TRUST SER 2022-HX1 CL A1 V/R REGD 144A P/P 2.88500000 36168XAA7 759870.84000000 NS USD 699122.51000000 0.265583661532 Long ABS-CBDO CORP US Y 2 2066-12-27 Variable 2.88500000 N N N N N N BMWLT 2024-1 A2B V/R 07/27/26 N/A BMW VEHICLE LEASE TRUST 2024-1 SER 2024-1 CL A2B V/R REGD 5.13403000 05611UAC7 1057015.85000000 NS USD 1057384.17000000 0.401680614624 Long ABS-CBDO CORP US N 2 2026-07-27 Variable 5.13403000 N N N N N N OBX 2024-NQM6 A1 V/R 02/25/64 N/A OBX 2024-NQM6 TRUST SER 2024-NQM6 CL A1 V/R REGD 144A P/P 6.44700000 67118XAA3 613436.45000000 NS USD 623043.36000000 0.236682604944 Long ABS-CBDO CORP US Y 2 2064-02-25 Variable 6.44700000 N N N N N N REG15 2018-4A A1 V/R 10/25/31 N/A REGATTA XV FUNDING LTD SER 2018-4A CL A1R V/R REGD 144A P/P 5.82587000 75888RAL3 584407.69000000 NS USD 584898.59000000 0.222192115023 Long ABS-CBDO CORP KY Y 2 2031-10-25 Variable 5.82587000 N N N N N N CARMX 2024-1 A2B V/R 11/15/25 N/A CARMAX AUTO OWNER TRUST 2024-1 SER 2024-1 CL A2B V/R REGD 5.42563000 14318WAC1 1110670.15000000 NS USD 1111743.61000000 0.422330756634 Long ABS-CBDO CORP US N 2 2027-03-15 Variable 5.42563000 N N N N N N TLOT 2023-B A2B V/R 08/20/25 N/A TOYOTA LEASE OWNER TRUST 2023-B SER 2023-B CL A2B V/R REGD 144A P/P 5.30176000 89240HAC9 564362.15000000 NS USD 564596.87000000 0.214479868519 Long ABS-CBDO CORP US Y 2 2026-04-20 Variable 5.30176000 N N N N N N WOART 2023-D A 5.91% 09/15/25 N/A WORLD OMNI AUTO RECEIVABLES TRUST 2023-D SER 2023-D CL A2A REGD 5.91000000 98164DAB3 1656425.60000000 NS USD 1662385.09000000 0.631509231591 Long ABS-CBDO CORP US N 2 2027-02-16 Fixed 5.91000000 N N N N N N VOLKSWAGEN GROUP V/R 08/14/26 N/A VOLKSWAGEN GROUP AMERICA REGD V/R 144A P/P 5.65698000 928668CJ9 250000.00000000 NS USD 250638.34000000 0.095212851975 Long DBT CORP US Y 2 2026-08-14 Variable 5.65698000 N N N N N N FNR 2024-90 FB V/R 11/25/53 N/A FANNIE MAE REMICS SER 2024-90 CL FB V/R 6.10515000 3136BTXD0 900000.00000000 NS USD 901250.01000000 0.342368146051 Long ABS-CBDO CORP US N 2 2053-11-25 Variable 6.10515000 N N N N N N GMCAR 2023-2 A2B V/R 05/18/26 N/A GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST SER 2023-2 CL A2B V/R REGD 5.54827000 362583AC0 248953.75000000 NS USD 249055.81000000 0.094611678210 Long ABS-CBDO CORP US N 2 2026-05-18 Variable 5.54827000 N N N N N N SABINE PASS LI 5.625% 03/01/25 N/A SABINE PASS LIQUEFACTION REGD SER WI 5.62500000 785592AM8 968000.00000000 NS USD 968632.82000000 0.367965624530 Long DBT CORP US N 2 2025-03-01 Fixed 5.62500000 N N N N N N NRZT 2018-RPL1 A V/R 12/25/57 N/A NEW RESIDENTIAL MORTGAGE LOAN TRUST 2018-RPL1 SER 2018-RPL1 CL A1 V/R REGD 144A P/P 3.50000000 64829VAA4 44101.04000000 NS USD 42488.79000000 0.016140702467 Long ABS-CBDO CORP US Y 2 2057-12-25 Variable 3.50000000 N N N N N N MCMLT 2019-GS2 A V/R 08/25/59 N/A MILL CITY MORTGAGE LOAN TRUST 2019-GS2 SER 2019-GS2 CL A1 V/R REGD 144A P/P 2.75000000 59981TAC9 410354.29000000 NS USD 394246.16000000 0.149766796548 Long ABS-CBDO CORP US Y 2 2059-08-25 Variable 2.75000000 N N N N N N GNR 2020-21 AC 2.5% 01/20/49 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2020-21 CL AC 2.50000000 38382DMC0 47943.62000000 NS USD 42270.70000000 0.016057854125 Long ABS-CBDO CORP US N 2 2049-01-20 Fixed 2.50000000 N N N N N N EQUIFAX INC 2.6% 12/01/24 5493004MCF8JDC86VS77 EQUIFAX INC REGD 2.60000000 294429AQ8 3000000.00000000 NS USD 3000000.00000000 1.139644301534 Long DBT CORP US N 2 2024-12-01 Fixed 2.60000000 N N N N N N ALLYA 2023-1 A 5.76% 11/15/26 N/A ALLY AUTO RECEIVABLES TRUST 2023-1 SER 2023-1 CL A2 REGD 5.76000000 02007WAB4 185712.29000000 NS USD 186013.54000000 0.070663090289 Long ABS-CBDO CORP US N 2 2026-11-15 Fixed 5.76000000 N N N N N N F/C US 10YR ULTRA FUT MAR25 N/A FUTURE CONTRACT ON US 10YR ULTRA FUT MAR25 0.00000000 N/A -57.00000000 NC USD -6543421.88000000 -2.48572448602 N/A DIR CORP US N 1 Wells Fargo Securities LLC VYVVCKR63DVZZN70PB21 Short F/C US 10YR ULTRA FUT MAR25 US 10YR ULTRA FUT MAR25 2025-03-20 6440748.49000000 USD -102673.39000000 N N N SEMT 2024-HYB1 A V/R 11/25/63 N/A SEQUOIA MORTGAGE TRUST 2024-HYB1 SER 2024-HYB1 CL A1A V/R REGD 144A P/P 4.50218000 81749EAA3 2336719.47000000 NS USD 2322602.88000000 0.882313712306 Long ABS-CBDO CORP US Y 2 2063-11-25 Variable 4.50218000 N N N N N N BPCE SA V/R 01/14/25 N/A BPCE SA REGD V/R 144A P/P 5.25206600 05578AAW8 1000000.00000000 NS USD 1000488.45000000 0.380066986931 Long DBT CORP FR Y 2 2025-01-14 Variable 5.25206600 N N N N N N BRIGHTHSE FIN G 1.75% 01/13/25 549300BLFX3KJ2IFOA78 BRIGHTHSE FIN GLBL FUND REGD 144A P/P MTN 1.75000000 10921U2H0 2000000.00000000 NS USD 1992067.88000000 0.756749602570 Long DBT CORP US Y 2 2025-01-13 Fixed 1.75000000 N N N N N N LCMLF 1A A V/R 04/20/31 N/A LCM LOAN INCOME FUND I LTD SER 1A CL A V/R REGD 144A P/P 5.90901000 50189XAA3 1045630.14000000 NS USD 1048171.44000000 0.398180869542 Long ABS-CBDO CORP KY Y 2 2031-04-20 Variable 5.90901000 N N N N N N OSCAR 2024-1A 5.48% 01/12/26 N/A OSCAR US FUNDING XVI LLC SER 2024-1A CL A2 REGD 144A P/P 5.48000000 68784GAB9 832990.00000000 NS USD 832738.44000000 0.316341872605 Long ABS-CBDO CORP JP Y 2 2027-02-10 Fixed 5.48000000 N N N N N N MCCT 2023-2A A V/R 07/21/25 N/A MASTER CREDIT CARD TRUST II SER 2023-2A CL A V/R REGD 144A P/P 5.64827000 576339DJ1 2300000.00000000 NS USD 2307628.53000000 0.876625234757 Long ABS-CBDO CORP CA Y 2 2027-01-21 Variable 5.64827000 N N N N N N PACIFIC GAS & ELE V/R 09/04/25 N/A PACIFIC GAS & ELECTRIC REGD V/R 5.83920300 694308KS5 200000.00000000 PA USD 200162.00000000 0.076037827561 Long DBT CORP US N 2 2025-09-04 Variable 5.83920300 N N N N N N NYO 2021-1290 A V/R 11/15/28 N/A NYO COMMERCIAL MORTGAGE TRUST 2021-1290 SER 2021-1290 CL A V/R REGD 144A P/P 5.81948000 62955HAA5 1800000.00000000 NS USD 1764884.16000000 0.670446725271 Long ABS-CBDO CORP US Y 2 2038-11-15 Variable 5.81948000 N N N N N N PACIFIC GAS & EL 3.5% 06/15/25 N/A PACIFIC GAS & ELECTRIC REGD 3.50000000 694308HM2 200000.00000000 NS USD 198348.29000000 0.075348832805 Long DBT CORP US N 2 2025-06-15 Fixed 3.50000000 N N N N N N MCMLT 2021-NMR1 V/R 11/25/60 N/A MILL CITY MORTGAGE LOAN TRUST 2021-NMR1 SER 2021-NMR1 CL A1 V/R REGD 144A P/P 1.12500000 59982HAC4 297933.66000000 NS USD 282518.99000000 0.107323719009 Long ABS-CBDO CORP US Y 2 2060-11-25 Variable 1.12500000 N N N N N N CSMC 2021-INV1 A V/R 07/25/56 N/A CSMC 2021-INV1TRUST SER 2021-INV1 CL A11 V/R REGD 144A P/P 5.00000000 12661XBC5 222470.61000000 NS USD 206937.71000000 0.078611793991 Long ABS-CBDO CORP US Y 2 2056-07-25 Variable 5.00000000 N N N N N N ING GROEP NV V/R 04/01/27 549300NYKK9MWM7GGW15 ING GROEP NV REGD V/R 5.74474000 456837AX1 1900000.00000000 NS USD 1908566.45000000 0.725028959614 Long DBT CORP NL N 2 2027-04-01 Variable 5.74474000 N N N N N N SK HYNIX INC 5.5% 01/16/27 988400XAIK6XISWQV045 SK HYNIX INC REGD 144A P/P 5.50000000 78392BAG2 300000.00000000 NS USD 302543.70000000 0.114930734556 Long DBT CORP KR Y 2 2027-01-16 Fixed 5.50000000 N N N N N N WESTINGHOUSE AIR 3.2% 06/15/25 06BTX5UWZD0GQ5N5Y745 WESTINGHOUSE AIR BRAKE REGD 3.20000000 960386AQ3 500000.00000000 NS USD 495282.23000000 0.188148523690 Long DBT CORP US N 2 2025-06-15 Fixed 3.20000000 N N N N N N LLOYDS BANKING GR V/R 08/11/26 549300PPXHEU2JF0AM85 LLOYDS BANKING GROUP PLC REGD V/R 4.71600000 53944YAT0 900000.00000000 NS USD 897895.06000000 0.341093662835 Long DBT CORP GB N 2 2026-08-11 Variable 4.71600000 N N N N N N UMBS P#SD8006 4% 08/01/49 N/A FREDDIE MAC POOL UMBS P#SD8006 4.00000000 3132DV3P8 375672.55000000 NS USD 355804.74000000 0.135163614800 Long ABS-MBS USGA US N 2 2049-08-01 Fixed 4.00000000 N N N N N N NORDEA BANK ABP V/R 06/06/25 529900ODI3047E2LIV03 NORDEA BANK ABP REGD V/R 144A P/P 5.83774500 65558RAB5 600000.00000000 NS USD 602032.18000000 0.228700847759 Long DBT CORP FI Y 2 2025-06-06 Variable 5.83774500 N N N N N N CRVNA 2021-P2 A 0.8% 09/10/25 N/A CARVANA AUTO RECEIVABLES TRUST 2021-P2 SER 2021-P2 CL A4 REGD 0.80000000 14687TAD9 217022.65000000 NS USD 213066.63000000 0.080940056908 Long ABS-CBDO CORP US N 2 2027-01-10 Fixed 0.80000000 N N N N N N DLLAD 2024-1A A 5.5% 06/20/26 N/A DLLAD 2024-1 LLC SER 2024-1A CL A2 REGD 144A P/P 5.50000000 23346MAB2 1000000.00000000 NS USD 1006539.40000000 0.382365630493 Long ABS-CBDO CORP US Y 2 2027-08-20 Fixed 5.50000000 N N N N N N BWAY 2021-1450 A V/R 09/15/23 N/A BWAY 2021-1450 MORTGAGE TRUST SER 2021-1450 CL A V/R REGD 144A P/P 5.97377000 12430YAA8 1600000.00000000 NS USD 1531798.80000000 0.581901924505 Long ABS-CBDO CORP US Y 2 2036-09-15 Variable 5.97377000 N N N N N N FINA 2004-2 M1 V/R 08/25/34 N/A FINANCE AMERICA MORTGAGE LOAN TRUST 2004-2 SER 2004-2 CL M1 V/R REGD 5.52719000 317350BD7 137221.53000000 NS USD 129929.14000000 0.049357668001 Long ABS-CBDO CORP US N 2 2034-08-25 Variable 5.52719000 N N N N N N MCCT 2024-1A A V/R 01/21/26 N/A MASTER CREDIT CARD TRUST II SER 2024-1A CL A V/R REGD 144A P/P 5.54827000 576339DZ5 2200000.00000000 NS USD 2206260.43000000 0.838117375583 Long ABS-CBDO CORP CA Y 2 2028-01-21 Variable 5.54827000 N N N N N N JPMCC 2019-FL12 V/R 04/15/21 N/A JP MORGAN CHASE COMMERCIAL MORTGAGE SE SER 2019-FL12 CL A V/R REGD 144A P/P 6.10701000 46651QAA5 142929.36000000 NS USD 134960.25000000 0.051268893282 Long ABS-CBDO CORP US Y 2 2031-12-15 Variable 6.10701000 N N N N N N US T BILL ZCP 03/11/25 N/A UNITED STATES TREASURY BILL ZCP 0.00000000 912797NQ6 5200000.00000000 PA USD 5137044.25000000 1.951467735414 Long STIV UST US N 2 2025-03-11 Fixed 0.00000000 N N N N N N CASH COLLATERAL CME WFS N/A CASH COLLATERAL CME WFS /CCWFSXUS7 4.48000000 N/A 590000.00000000 NS USD 590000.00000000 0.224130045968 Long STIV CORP US N 2 2049-12-31 Floating 4.48000000 N N N N N N CREDIT AGRICOLE S V/R 07/05/26 N/A CREDIT AGRICOLE SA REGD V/R REG S 5.99326900 22535EAF4 600000.00000000 NS USD 607045.56000000 0.230605337742 Long DBT CORP FR N 2 2026-07-05 Variable 5.99326900 N N N N N N T-MOBILE USA INC 3.5% 04/15/25 N/A T-MOBILE USA INC REGD 3.50000000 87264ABB0 100000.00000000 NS USD 99482.06000000 0.037791387594 Long DBT CORP US N 2 2025-04-15 Fixed 3.50000000 N N N N N N CITIGROUP INC V/R 04/08/26 6SHGI4ZSSLCXXQSBB395 CITIGROUP INC REGD V/R 3.10600000 172967MQ1 4400000.00000000 NS USD 4373228.20000000 1.661308199147 Long DBT CORP US N 2 2026-04-08 Variable 3.10600000 N N N N N N MMAF 2024-A A2 5.2% 09/13/27 N/A MMAF EQUIPMENT FINANCE LLC 2024-A SER 2024-A CL A2 REGD 144A P/P 5.20000000 55318CAB0 861477.32000000 NS USD 864047.58000000 0.328235633600 Long ABS-CBDO CORP US Y 2 2027-09-13 Fixed 5.20000000 N N N N N N AVOLON HOLDING 2.125% 02/21/26 N/A AVOLON HOLDINGS FNDG LTD REGD 144A P/P 2.12500000 05401AAM3 1100000.00000000 NS USD 1061389.47000000 0.403202153731 Long DBT CORP IE Y 2 2026-02-21 Fixed 2.12500000 N N N N N N MTLRF 2023-1A 6.09% 07/15/30 N/A M&T EQUIPMENT 2023-LEAF1 NOTES SER 2023-1A CL A2 REGD 144A P/P 6.09000000 551925AA8 607374.87000000 NS USD 609126.45000000 0.231395829218 Long ABS-CBDO CORP US Y 2 2030-07-15 Fixed 6.09000000 N N N N N N HYUNDAI CAPITAL A V/R 01/08/27 N/A HYUNDAI CAPITAL AMERICA REGD V/R 144A P/P 6.20108900 44891ACW5 700000.00000000 NS USD 708324.95000000 0.269079497634 Long DBT CORP US Y 2 2027-01-08 Variable 6.20108900 N N N N N N FHR 4351 FA V/R 05/15/38 N/A FREDDIE MAC REMICS SER 4351 CL FA V/R 5.77735000 3137BBQ37 465680.88000000 NS USD 454819.11000000 0.172777335646 Long ABS-CBDO CORP US N 2 2038-05-15 Variable 5.77735000 N N N N N N ECMC 2017-2A A V/R 05/25/67 N/A ECMC GROUP STUDENT LOAN TRUST 2017-2 SER 2017-2A CL A V/R 144A P/P 5.89851000 26828VAA4 425270.84000000 NS USD 425171.75000000 0.161514854020 Long ABS-CBDO CORP US Y 2 2067-05-25 Variable 5.89851000 N N N N N N FNMA 30YR TBA 5.5% JAN 25 N/A FNMA 30YR TBA 5.5% JAN 25 TO BE ANNOUNCED 5.50000000 01F052615 7200000.00000000 NS USD 7189194.10000000 2.731041362897 Long ABS-MBS USGA US N 2 2055-01-01 Fixed 5.50000000 N N N N N N SMB 2020-PTA A2 1.6% 09/15/54 N/A SMB PRIVATE EDUCATION LOAN TRUST 2020-PT-A SER 2020-PTA CL A2A REGD 144A P/P 1.60000000 78449VAB2 200252.46000000 NS USD 185549.34000000 0.070486749328 Long ABS-CBDO CORP US Y 2 2054-09-15 Fixed 1.60000000 N N N N N N HYUNDAI CAPITAL A V/R 08/04/25 N/A HYUNDAI CAPITAL AMERICA REGD V/R 144A P/P 5.77235900 44891ACL9 2600000.00000000 NS USD 2611652.08000000 0.992118136854 Long DBT CORP US Y 2 2025-08-04 Variable 5.77235900 N N N N N N BOEING CO 4.875% 05/01/25 RVHJWBXLJ1RFUBSY1F30 BOEING CO REGD 4.87500000 097023CT0 2900000.00000000 NS USD 2896870.15000000 1.100467186244 Long DBT CORP US N 2 2025-05-01 Fixed 4.87500000 N N N N N N BAYER US FINANC 4.25% 12/15/25 N/A BAYER US FINANCE II LLC REGD 144A P/P 4.25000000 07274NAJ2 2700000.00000000 NS USD 2677381.13000000 1.017087382613 Long DBT CORP US Y 2 2025-12-15 Fixed 4.25000000 N N N N N N UBER TECHNOLOGIE 4.5% 08/15/29 549300B2FTG34FILDR98 UBER TECHNOLOGIES INC REGD 144A P/P 4.50000000 90353TAK6 600000.00000000 NS USD 585938.58000000 0.222587187915 Long DBT CORP US Y 2 2029-08-15 Fixed 4.50000000 N N N N N N NYMT 2021-SP1 A S/UP 08/25/24 N/A NYMT LOAN TRUST 2021-SP1 SER 2021-SP1 CL A1 S/UP REGD 144A P/P 4.66960000 62955RAA3 387366.86000000 NS USD 383958.26000000 0.145858614345 Long ABS-CBDO CORP US Y 2 2061-08-25 Variable 4.66960000 N N N N N N REYNOLDS AMERIC 4.45% 06/12/25 N/A REYNOLDS AMERICAN INC REGD 4.45000000 761713BG0 3172000.00000000 NS USD 3166317.33000000 1.202825167328 Long DBT CORP US N 2 2025-06-12 Fixed 4.45000000 N N N N N N GNR 2023-H27 FD V/R 11/20/73 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2023-H27 CL FD V/R 5.86078000 38383KHV7 198630.29000000 NS USD 202980.57000000 0.077108549974 Long ABS-CBDO CORP US N 2 2073-11-20 Variable 5.86078000 N N N N N N STWD 2021-HTS A V/R 04/15/24 N/A STWD 2021-HTS MORTGAGE TRUST SER 2021-HTS CL A V/R REGD 144A P/P 5.82448000 78486DAA8 276548.89000000 NS USD 274435.34000000 0.104252890456 Long ABS-CBDO CORP US Y 2 2034-04-15 Variable 5.82448000 N N N N N N VZMT 2024-1 A1B V/R 12/20/28 5493007MUBNP1GFMEB89 VERIZON MASTER TRUST SER 2024-1 CL A1B V/R REGD 5.45563000 92348KCM3 3000000.00000000 NS USD 3015932.40000000 1.145696724491 Long ABS-CBDO CORP US N 2 2028-12-20 Variable 5.45563000 N N N N N N NATWEST MARKETS P V/R 09/29/26 N/A NATWEST MARKETS PLC REGD V/R REG S 5.48873400 G6382GWU2 200000.00000000 NS USD 200228.10000000 0.076062937724 Long DBT CORP GB N 2 2026-09-29 Variable 5.48873400 N N N N N N MSAC 2004-HE4 M1 V/R 05/25/34 N/A MORGAN STANLEY ABS CAPITAL I INC TRUST 2004-HE4 SER 2004-HE4 CL M1 V/R REGD 5.60219000 61746RGK1 356449.68000000 NS USD 366925.24000000 0.139388086285 Long ABS-CBDO CORP US N 2 2034-05-25 Variable 5.60219000 N N N N N N HCA INC 5.375% 02/01/25 N/A HCA INC REGD 5.37500000 404119BR9 400000.00000000 NS USD 399965.60000000 0.151939505616 Long DBT CORP US N 2 2025-02-01 Fixed 5.37500000 N N N N N N OSD 2021-23A A V/R 04/17/31 N/A OSD CLO 2021-23 LTD SER 2021-23A CL A V/R REGD 144A P/P 5.77906000 671026AA0 1494017.92000000 NS USD 1495870.50000000 0.568253430386 Long ABS-CBDO CORP KY Y 2 2031-04-17 Variable 5.77906000 N N N N N N DRSLF 2017-54A A V/R 10/19/29 N/A DRYDEN 54 SENIOR LOAN FUND SER 2017-54A CL AR V/R REGD 144A P/P 5.76740000 26244RAF8 417424.90000000 NS USD 418301.49000000 0.158904969800 Long ABS-CBDO CORP KY Y 2 2029-10-19 Variable 5.76740000 N N N N N N NISSAN MOTOR AC 1.85% 09/16/26 N/A NISSAN MOTOR ACCEPTANCE REGD 144A P/P MTN 1.85000000 65480CAC9 300000.00000000 NS USD 277304.28000000 0.105342747497 Long DBT CORP US Y 2 2026-09-16 Fixed 1.85000000 N N N N N N FORD MOTOR CREDI 2.3% 02/10/25 N/A FORD MOTOR CREDIT CO LLC REGD 2.30000000 345397B85 400000.00000000 NS USD 397741.86000000 0.151094748076 Long DBT CORP US N 2 2025-02-10 Fixed 2.30000000 N N N N N N TRNTS 2020-12A A V/R 04/25/33 N/A TRINITAS CLO XII LTD SER 2020-12A CL A1R V/R REGD 144A P/P 5.99587000 89641GAN2 2000000.00000000 NS USD 2001520.00000000 0.760340287469 Long ABS-CBDO CORP KY Y 2 2033-04-25 Variable 5.99587000 N N N N N N GALL 2017-1A A1R V/R 07/15/31 N/A GALLATIN CLO VIII 2017-1 LTD SER 2017-1A CL A1R V/R REGD 144A P/P 6.00751000 36361UAL4 526127.95000000 NS USD 527248.60000000 0.200291954160 Long ABS-CBDO CORP KY Y 2 2031-07-15 Variable 6.00751000 N N N N N N SMB 2024-D A1B V/R 07/15/53 N/A SMB PRIVATE EDUCATION LOAN TRUST 2024-D SER 2024-D CL A1B V/R REGD 144A P/P 5.89827000 83207QAB5 957908.60000000 NS USD 966158.30000000 0.367025600325 Long ABS-CBDO CORP US Y 2 2053-07-15 Variable 5.89827000 N N N N N N HSBC HOLDINGS PLC V/R 03/10/26 MLU0ZO3ML4LN2LL2TL39 HSBC HOLDINGS PLC REGD V/R 2.99900000 404280DA4 200000.00000000 NS USD 198887.32000000 0.075553600295 Long DBT CORP GB N 2 2026-03-10 Variable 2.99900000 N N N N N N F/C US 5YR NOTE (CBT) MAR25 N/A FUTURE CONTRACT ON US 5YR NOTE (CBT) MAR25 0.00000000 N/A 13.00000000 NC USD 1398820.32000000 0.531385868853 N/A DIR CORP US N 1 Wells Fargo Securities LLC VYVVCKR63DVZZN70PB21 Long F/C US 5YR NOTE (CBT) MAR25 US 5YR NOTE (CBT) MAR25 2025-03-31 1389273.44000000 USD 9546.88000000 N N N FHLT 2005-A M3 V/R 01/25/35 N/A FREMONT HOME LOAN TRUST 2005-A SER 2005-A CL M3 V/R REGD 5.43719000 35729PHN3 77282.67000000 NS USD 75862.67000000 0.028818819854 Long ABS-CBDO CORP US N 2 2035-01-25 Variable 5.43719000 N N N N N N TPAT 2021-SL1 A2 V/R 11/20/26 N/A TOWD POINT ASSET TRUST 2021-SL1 SER 2021-SL1 CL A2 V/R REGD 144A P/P 5.42065000 89179XAL9 351000.65000000 NS USD 349374.64000000 0.132720939192 Long ABS-CBDO CORP US Y 2 2061-11-20 Variable 5.42065000 N N N N N N TPMT 2019-HY3 A1 V/R 07/25/27 N/A TOWD POINT MORTGAGE TRUST 2019-HY3 SER 2019-HY3 CL A1A V/R REGD 144A P/P 5.70219000 89177XAA5 159918.46000000 NS USD 163417.12000000 0.062079129860 Long ABS-CBDO CORP US Y 2 2059-10-25 Variable 5.70219000 N N N N N N GCAT 2021-NQM3 A V/R 05/25/66 N/A GCAT 2021-NQM3 TRUST SER 2021-NQM3 CL A1 V/R REGD 144A P/P 1.09100000 36167HAA3 646600.63000000 NS USD 552220.41000000 0.209778281149 Long ABS-CBDO CORP US Y 2 2066-05-25 Variable 1.09100000 N N N N N N TPMT 2020-1 A1 V/R 01/25/60 N/A TOWD POINT MORTGAGE TRUST 2020-1 SER 2020-1 CL A1 V/R REGD 144A P/P 2.71000000 89178WAU2 451169.62000000 NS USD 428149.32000000 0.162645977581 Long ABS-CBDO CORP US Y 2 2060-01-25 Variable 2.71000000 N N N N N N HUNTINGTON ING 3.844% 05/01/25 5TZLZ6WJTBVJ0QWBG121 HUNTINGTON INGALLS INDUS REGD SER WI 3.84400000 446413AS5 3000000.00000000 NS USD 2984018.40000000 1.133573188411 Long DBT CORP US N 2 2025-05-01 Fixed 3.84400000 N N N N N N ARIFL 2024-B A 5.54% 02/15/27 N/A ARI FLEET LEASE TRUST 2024-B SER 2024-B CL A2 REGD 144A P/P 5.54000000 04033HAB1 2000000.00000000 NS USD 2013827.30000000 0.765015602240 Long ABS-CBDO CORP US Y 2 2033-04-15 Fixed 5.54000000 N N N N N N GNR 2021-122 FA V/R 07/20/51 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2021-122 CL FA V/R 3.00000000 38382WCY1 2967039.17000000 NS USD 2582530.48000000 0.981055381690 Long ABS-CBDO CORP US N 2 2051-07-20 Variable 3.00000000 N N N N N N BXMT 2020-FL3 A V/R 11/15/37 N/A BXMT 2020-FL3 LTD SER 2020-FL3 CL A V/R REGD 144A P/P 6.12496000 05608XAA0 768524.83000000 NS USD 754731.15000000 0.286708351429 Long ABS-CBDO CORP KY Y 2 2037-11-15 Variable 6.12496000 N N N N N N WAMU 2005-AR13 A V/R 10/25/45 N/A WAMU MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2005- SER 2005-AR13 CL A1A1 V/R REGD 5.28219000 92922F4M7 261751.03000000 NS USD 257387.64000000 0.097776785737 Long ABS-CBDO CORP US N 2 2045-10-25 Variable 5.28219000 N N N N N N GENERAL MOTORS F 3.8% 04/07/25 N/A GENERAL MOTORS FINL CO REGD 3.80000000 37045XDU7 300000.00000000 NS USD 298625.45000000 0.113442264128 Long DBT CORP US N 2 2025-04-07 Fixed 3.80000000 N N N N N N NATWEST MARKETS P V/R 03/22/25 N/A NATWEST MARKETS PLC REGD V/R 144A P/P 6.30883000 63906YAF5 1000000.00000000 NS USD 1003649.04000000 0.381267636392 Long DBT CORP GB Y 2 2025-03-22 Variable 6.30883000 N N N N N N GA GLOBAL FUNDING V/R 04/11/25 54930029I8ROQ4OROZ88 GA GLOBAL FUNDING TRUST REGD V/R 144A P/P 6.04492500 36143L2K0 1025000.00000000 NS USD 1028080.51000000 0.390548698246 Long DBT CORP US Y 2 2025-04-11 Variable 6.04492500 N N N N N N SBALT 2024-B A 5.67% 10/20/25 N/A SBNA AUTO LEASE TRUST 2024-B SER 2024-B CL A2 REGD 144A P/P 5.67000000 78437VAC4 859962.70000000 NS USD 863357.96000000 0.327973659766 Long ABS-CBDO CORP US Y 2 2026-11-20 Fixed 5.67000000 N N N N N N ATHENE GLOBAL FUN V/R 03/25/27 549300LM1QSI4MSIL320 ATHENE GLOBAL FUNDING REGD V/R REG S EMTN 5.94763700 04686E4A7 400000.00000000 NS USD 402045.48000000 0.152729613413 Long DBT CORP US N 2 2027-03-25 Variable 5.94763700 N N N N N N HSBC HOLDINGS PLC V/R 09/12/26 MLU0ZO3ML4LN2LL2TL39 HSBC HOLDINGS PLC REGD V/R 6.59047000 404280BW8 1500000.00000000 NS USD 1512157.20000000 0.574440445334 Long DBT CORP GB N 2 2026-09-12 Variable 6.59047000 N N N N N N PAID 2024-1 A 6.66% 07/15/31 N/A PAGAYA AI DEBT TRUST 2024-1 SER 2024-1 CL A REGD 144A P/P 6.66000000 69548AAA9 46484.43000000 NS USD 47044.50000000 0.017871332114 Long ABS-CBDO CORP US Y 2 2031-07-15 Fixed 6.66000000 N N N N N N CHASE 2024-9 A11 V/R 04/25/47 N/A CHASE HOME LENDING MORTGAGE TRUST 2024-9 SER 2024-9 CL A11 V/R REGD 144A P/P 5.98403000 16160QAX2 654272.01000000 NS USD 655905.01000000 0.249166135664 Long ABS-CBDO CORP US Y 2 2055-09-25 Variable 5.98403000 N N N N N N HARLEY-DAVIDSON 3.35% 06/08/25 N/A HARLEY-DAVIDSON FINL SER REGD 144A P/P 3.35000000 41283LAY1 500000.00000000 NS USD 494484.21000000 0.187845370708 Long DBT CORP US Y 2 2025-06-08 Fixed 3.35000000 N N N N N N GSMBS 2021-GR2 A V/R 02/25/52 N/A GS MORTGAGE-BACKED SECURITIES TRUST 2021-GR2 SER 2021-GR2 CL A9 V/R REGD 144A P/P 5.00000000 36262JAJ4 693356.31000000 NS USD 642779.02000000 0.244179815763 Long ABS-CBDO CORP US Y 2 2052-02-25 Variable 5.00000000 N N N N N N BARCLAYS PLC V/R 05/07/26 213800LBQA1Y9L22JB70 BARCLAYS PLC REGD V/R 2.85200000 06738EBL8 1800000.00000000 NS USD 1782963.70000000 0.677314806849 Long DBT CORP GB N 2 2026-05-07 Variable 2.85200000 N N N N N N NATIONAL BANK OF V/R 03/25/27 BSGEFEIOM18Y80CKCV46 NATIONAL BANK OF CANADA REGD V/R MTN SER GMTN 5.63763700 63307A2Y0 1100000.00000000 NS USD 1102871.23000000 0.418960304198 Long DBT CORP CA N 2 2027-03-25 Variable 5.63763700 N N N N N N BMWLT 2023-2 A 5.95% 01/27/25 N/A BMW VEHICLE LEASE TRUST 2023-2 SER 2023-2 CL A2 REGD 5.95000000 055979AB4 13977.05000000 NS USD 13988.43000000 0.005313944845 Long ABS-CBDO CORP US N 2 2025-08-25 Fixed 5.95000000 N N N N N N NCMS 2021-APPL A V/R 08/15/23 N/A NATIXIS COMMERCIAL MORTGAGE SECURITIES SER 2021-APPL CL A V/R REGD 144A P/P 5.82448000 63874AAA6 1600000.00000000 NS USD 1518743.84000000 0.576942587582 Long ABS-CBDO CORP US Y 2 2038-08-15 Variable 5.82448000 N N N N N N USAOT 2023-A A 5.83% 02/15/25 N/A USAA AUTO OWNER TRUST 2023-A SER 2023-A CL A2 REGD 144A P/P 5.83000000 90291VAB6 166818.44000000 NS USD 167071.20000000 0.063467247010 Long ABS-CBDO CORP US Y 2 2026-07-15 Fixed 5.83000000 N N N N N N OCT39 2018-3A AR V/R 10/20/30 N/A OCTAGON INVESTMENT PARTNERS 39 LTD SER 2018-3A CL AR V/R REGD 144A P/P 5.76740000 67592CAL0 385654.40000000 NS USD 386414.14000000 0.146791557561 Long ABS-CBDO CORP KY Y 2 2030-10-20 Variable 5.76740000 N N N N N N SK HYNIX INC 6.25% 01/17/26 988400XAIK6XISWQV045 SK HYNIX INC REGD REG S 6.25000000 Y8085FBJ8 400000.00000000 NS USD 404904.80000000 0.153815815994 Long DBT CORP KR N 2 2026-01-17 Fixed 6.25000000 N N N N N N FORD MOTOR CRE 4.389% 01/08/26 N/A FORD MOTOR CREDIT CO LLC REGD MTN SER GMTN 4.38900000 345397XU2 600000.00000000 NS USD 594774.14000000 0.225943653117 Long DBT CORP US N 2 2026-01-08 Fixed 4.38900000 N N N N N N BAAT 2023-1A A 5.83% 05/15/26 N/A BANK OF AMERICA AUTO TRUST 2023-1 SER 2023-1A CL A2 REGD 144A P/P 5.83000000 06428AAB4 149977.64000000 NS USD 150216.85000000 0.057064592365 Long ABS-CBDO CORP US Y 2 2026-05-15 Fixed 5.83000000 N N N N N N NSLT 2019-2A A V/R 09/25/32 N/A NELNET STUDENT LOAN TRUST 2019-2 SER 2019-2A CL A V/R 144A P/P 5.74851000 64034NAA3 495644.37000000 NS USD 495737.45000000 0.188321453316 Long ABS-CBDO CORP US Y 2 2067-06-27 Variable 5.74851000 N N N N N N JPMMT 2021-12 A1 V/R 02/25/52 N/A JP MORGAN MORTGAGE TRUST 2021-12 SER 2021-12 CL A11 V/R REGD 144A P/P 5.00000000 46592WBE5 298313.86000000 NS USD 276996.23000000 0.105225725022 Long ABS-CBDO CORP US Y 2 2052-02-25 Variable 5.00000000 N N N N N N GNR 2023-H11 FC V/R 05/20/73 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2023-H11 CL FC V/R 5.86078000 38382Y5C3 199235.55000000 NS USD 201816.63000000 0.076666390778 Long ABS-CBDO CORP US N 2 2073-05-20 Variable 5.86078000 N N N N N N COMM 2021-2400 A V/R 12/15/23 N/A COMM 2021-2400 MORTGAGE TRUST SER 2021-2400 CL A V/R REGD 144A P/P 6.02448000 20048FAA6 1315324.57000000 NS USD 1262018.35000000 0.479417340336 Long ABS-CBDO CORP US Y 2 2038-12-15 Variable 6.02448000 N N N N N N NISSAN MOTOR C 3.522% 09/17/25 353800DRBDH1LUTNAY26 NISSAN MOTOR CO REGD REG S 3.52200000 J57160DX8 400000.00000000 NS USD 392999.82000000 0.149293335122 Long DBT CORP JP N 2 2025-09-17 Fixed 3.52200000 N N N N N N ECMC 2019-1A A1B V/R 04/25/30 N/A ECMC GROUP STUDENT LOAN TRUST SER 2019-1A CL A1B V/R 144A P/P 5.84851000 26829XAB7 474623.14000000 NS USD 474455.03000000 0.180236657091 Long ABS-CBDO CORP US Y 2 2069-07-25 Variable 5.84851000 N N N N N N GMCAR 2023-3 A 5.74% 04/16/25 N/A GM FINANCIAL CONSUMER AUTOMOBILE RECEIVABLES TRUST 2023-3 SER 2023-3 CL A2A REGD 5.74000000 36267KAB3 219356.30000000 NS USD 219879.23000000 0.083528037165 Long ABS-CBDO CORP US N 2 2026-09-16 Fixed 5.74000000 N N N N N N ABN AMRO BANK NV V/R 09/18/27 BFXS5XCH7N0Y05NIXW11 ABN AMRO BANK NV REGD V/R 144A P/P 6.55555300 00084DBB5 600000.00000000 NS USD 611504.14000000 0.232299069505 Long DBT CORP NL Y 2 2027-09-18 Variable 6.55555300 N N N N N N FORD MOTOR CRE 4.687% 06/09/25 N/A FORD MOTOR CREDIT CO LLC REGD 4.68700000 345397ZJ5 1000000.00000000 NS USD 997922.01000000 0.379092044024 Long DBT CORP US N 2 2025-06-09 Fixed 4.68700000 N N N N N N BERRY GLOBAL I 4.875% 07/15/26 N/A BERRY GLOBAL INC REGD 144A P/P 4.87500000 085770AA3 519000.00000000 NS USD 517416.79000000 0.196557032080 Long DBT CORP US Y 2 2026-07-15 Fixed 4.87500000 N N N N N N FITAT 2023-1 A2 5.8% 04/15/25 N/A FIFTH THIRD AUTO TRUST 2023-1 SER 2023-1 CL A2A REGD 5.80000000 31680EAB7 208533.34000000 NS USD 208958.00000000 0.079379264653 Long ABS-CBDO CORP US N 2 2026-11-16 Fixed 5.80000000 N N N N N N MCLO 2019-2A A1A V/R 01/20/33 N/A MARATHON CLO 14 LTD SER 2019-2A CL A1AR V/R REGD 144A P/P 5.99740000 56578HAU0 1500000.00000000 NS USD 1501047.00000000 0.570219886628 Long ABS-CBDO CORP KY Y 2 2033-01-20 Variable 5.99740000 N N N N N N SWEDBANK AB 5.337% 09/20/27 M312WZV08Y7LYUC71685 SWEDBANK AB REGD REG S 5.33700000 W94239AE5 1000000.00000000 NS USD 1013968.80000000 0.385187921618 Long DBT CORP SE N 2 2027-09-20 Fixed 5.33700000 N N N N N N GWOLF 2020-3RA A V/R 04/22/33 N/A GREYWOLF CLO III LTD SER 2020-3RA CL A1R2 V/R REGD 144A P/P 6.18324000 39809CAY0 1300000.00000000 NS USD 1300521.30000000 0.494043896189 Long ABS-CBDO CORP KY Y 2 2033-04-22 Variable 6.18324000 N N N N N N RESI 2021-2NCA A V/R 02/03/53 N/A RESIMAC BASTILLE TRUST SERIES 2021-2NC SER 2021-2NCA CL A1A V/R REGD 144A P/P 5.42054000 76120BAA8 398209.33000000 NS USD 397804.75000000 0.151118638820 Long ABS-CBDO CORP AU Y 2 2053-02-03 Variable 5.42054000 N N N N N N FORD MOTOR CRE 5.125% 06/16/25 N/A FORD MOTOR CREDIT CO LLC REGD 5.12500000 345397A60 300000.00000000 NS USD 299839.22000000 0.113903352816 Long DBT CORP US N 2 2025-06-16 Fixed 5.12500000 N N N N N N SOCIETE GENERA 2.625% 01/22/25 O2RNE8IBXP4R0TD8PU41 SOCIETE GENERALE REGD 144A P/P MTN 2.62500000 83368RAV4 2300000.00000000 NS USD 2292287.96000000 0.870797637030 Long DBT CORP FR Y 2 2025-01-22 Fixed 2.62500000 N N N N N N AG 2024-NLP A V/R 08/15/26 N/A AG TRUST 2024-NLP SER 2024-NLP CL A V/R REGD 144A P/P 6.62493000 00792MAA1 200000.00000000 NS USD 201665.96000000 0.076609154042 Long ABS-CBDO CORP US Y 2 2041-07-15 Variable 6.62493000 N N N N N N SALTT 2021-1A 2.301% 12/15/27 N/A STONEPEAK 2021-1 ABS SER 2021-1A CL AA REGD 144A P/P 2.30100000 78433XAA8 123638.60000000 NS USD 117783.05000000 0.044743593916 Long ABS-CBDO CORP US Y 2 2033-02-28 Fixed 2.30100000 N N N N N N WELLS FARGO & COM V/R 04/25/26 PBLD0EJDB5FWOLXP3B76 WELLS FARGO & COMPANY REGD V/R MTN 5.96479000 95000U2Y8 400000.00000000 NS USD 401624.65000000 0.152569747909 Long DBT CORP US N 2 2026-04-25 Variable 5.96479000 N N N N N N F/C US 2YR NOTE (CBT) MAR25 N/A FUTURE CONTRACT ON US 2YR NOTE (CBT) MAR25 0.00000000 N/A 44.00000000 NC USD 9068812.54000000 3.445073510966 N/A DIR CORP US N 1 Wells Fargo Securities LLC VYVVCKR63DVZZN70PB21 Long F/C US 2YR NOTE (CBT) MAR25 US 2YR NOTE (CBT) MAR25 2025-03-31 9048618.86000000 USD 20193.68000000 N N N MFRA 2020-NQM2 A V/R 04/25/65 N/A MFA 2020-NQM2 TRUST SER 2020-NQM2 CL A1 V/R REGD 144A P/P 1.38100000 552751AA7 141642.46000000 NS USD 135866.83000000 0.051613286192 Long ABS-CBDO CORP US Y 2 2065-04-25 Variable 1.38100000 N N N N N N CANADIAN IMPERIAL V/R 10/02/26 2IGI19DL77OX0HC3ZE78 CANADIAN IMPERIAL BANK REGD V/R 5.93684000 13607LWU3 700000.00000000 NS USD 707834.02000000 0.268893002441 Long DBT CORP CA N 2 2026-10-02 Variable 5.93684000 N N N N N N NATIONAL BANK OF V/R 07/02/27 BSGEFEIOM18Y80CKCV46 NATIONAL BANK OF CANADA REGD V/R 5.74684000 63307A2Z7 2400000.00000000 NS USD 2407148.95000000 0.914431194604 Long DBT CORP CA N 2 2027-07-02 Variable 5.74684000 N N N N N N ACREC 2023-FL2 A V/R 05/19/27 N/A ACREC 2023-FL2 LLC SER 2023-FL2 CL A V/R REGD 144A P/P 6.83929000 00501BAA7 499688.03000000 NS USD 500555.11000000 0.190151592905 Long ABS-CBDO CORP US Y 2 2038-02-19 Variable 6.83929000 N N N N N N LCM 31A AR V/R 07/20/34 N/A LCM 31 LTD SER 31A CL AR V/R REGD 144A P/P 5.89740000 50201QAL8 1000000.00000000 NS USD 1001068.00000000 0.380287147216 Long ABS-CBDO CORP KY Y 2 2034-07-20 Variable 5.89740000 N N N N N N CNO GLOBAL FUND 1.65% 01/06/25 6354008GTNR4833ULD48 CNO GLOBAL FUNDING REGD 144A P/P 1.65000000 18977W2B5 200000.00000000 NS USD 199359.66000000 0.075733033491 Long DBT CORP US Y 2 2025-01-06 Fixed 1.65000000 N N N N N N TLOT 2024-B A2B V/R 07/20/26 N/A TOYOTA LEASE OWNER TRUST 2024-B SER 2024-B CL A2B V/R REGD 144A P/P 5.20078000 891943AC6 700000.00000000 NS USD 700212.56000000 0.265997751289 Long ABS-CBDO CORP US Y 2 2027-02-22 Variable 5.20078000 N N N N N N TPMT 2024-CES1 A V/R 09/25/31 N/A TOWD POINT MORTGAGE TRUST 2024-CES1 SER 2024-CES1 CL A1A V/R REGD 144A P/P 5.84800000 89183CAA3 249860.09000000 NS USD 251090.50000000 0.095384619164 Long ABS-CBDO CORP US Y 2 2064-01-25 Variable 5.84800000 N N N N N N CNH 2023-B A2 5.9% 07/15/25 N/A CNH EQUIPMENT TRUST 2023-B SER 2023-B CL A2 REGD 5.90000000 12666DAB7 429327.95000000 NS USD 431782.18000000 0.164026033647 Long ABS-CBDO CORP US N 2 2027-02-16 Fixed 5.90000000 N N N N N N FHR 5484 FA V/R 12/25/54 N/A FREDDIE MAC REMICS SER 5484 CL FA V/R 6.05448000 3137HHKS9 100000.00000000 NS USD 100606.44000000 0.038218518681 Long ABS-CBDO CORP US N 2 2054-12-25 Variable 6.05448000 N N N N N N BANK OF AMERICA C V/R 02/05/26 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORP REGD V/R MTN 5.58590000 06051GHB8 1200000.00000000 NS USD 1201906.15000000 0.456581831609 Long DBT CORP US N 2 2026-02-05 Variable 5.58590000 N N N N N N BANK OF AMERICA C V/R 04/02/26 9DJT3UXIJIZJI4WXO774 BANK OF AMERICA CORP REGD V/R MTN 3.38400000 06051GKM0 1200000.00000000 NS USD 1193925.47000000 0.453550119447 Long DBT CORP US N 2 2026-04-02 Variable 3.38400000 N N N N N N MMAF 2023-A A2 5.79% 12/13/25 N/A MMAF EQUIPMENT FINANCE LLC 2023-A SER 2023-A CL A2 REGD 144A P/P 5.79000000 55317WAB7 299225.94000000 NS USD 300342.49000000 0.114094535745 Long ABS-CBDO CORP US Y 2 2026-11-13 Fixed 5.79000000 N N N N N N DLLAA 2023-1A 5.93% 07/20/26 N/A DLLAA 2023-1 LLC SER 2023-1A CL A2 REGD 144A P/P 5.93000000 23292HAB7 204090.12000000 NS USD 204964.18000000 0.077862086585 Long ABS-CBDO CORP US Y 2 2026-07-20 Fixed 5.93000000 N N N N N N NISSAN MOTOR C 3.522% 09/17/25 353800DRBDH1LUTNAY26 NISSAN MOTOR CO REGD 144A P/P 3.52200000 654744AB7 1300000.00000000 NS USD 1277249.43000000 0.485203344846 Long DBT CORP JP Y 2 2025-09-17 Fixed 3.52200000 N N N N N N MABS 2004-OPT2 A V/R 09/25/34 N/A MASTR ASSET BACKED SECURITIES TRUST 2004-OPT2 SER 2004-OPT2 CL A1 V/R REGD 5.40219000 57643LFG6 132323.78000000 NS USD 120876.66000000 0.045918798919 Long ABS-CBDO CORP US N 2 2034-09-25 Variable 5.40219000 N N N N N N STANDARD CHARTER 3.2% 04/17/25 U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTERED PLC REGD P/P MTN 3.20000000 853254AX8 355000.00000000 NS USD 352626.50000000 0.133956260431 Long DBT CORP GB Y 2 2025-04-17 Fixed 3.20000000 N N N N N N PACIFIC GAS & E 3.45% 07/01/25 N/A PACIFIC GAS & ELECTRIC REGD 3.45000000 694308JL2 1100000.00000000 NS USD 1089917.69000000 0.414039494850 Long DBT CORP US N 2 2025-07-01 Fixed 3.45000000 N N N N N N GA GLOBAL FUNDI 3.85% 04/11/25 54930029I8ROQ4OROZ88 GA GLOBAL FUNDING TRUST REGD 144A P/P 3.85000000 36143L2J3 800000.00000000 NS USD 796727.66000000 0.302662045864 Long DBT CORP US Y 2 2025-04-11 Fixed 3.85000000 N N N N N N BANQUE FED CRED M V/R 07/13/26 N/A BANQUE FED CRED MUTUEL REGD V/R 144A P/P 6.08270200 06675DCG5 200000.00000000 NS USD 202577.04000000 0.076955256419 Long DBT CORP FR Y 2 2026-07-13 Variable 6.08270200 N N N N N N KCOT 2023-1A A2 5.4% 05/15/25 N/A KUBOTA CREDIT OWNER TRUST 2023-1 SER 2023-1A CL A2 REGD 144A P/P 5.40000000 50117KAB6 449838.39000000 NS USD 450285.28000000 0.171055017805 Long ABS-CBDO CORP US Y 2 2026-02-17 Fixed 5.40000000 N N N N N N AERCAP IRELAND C 3.5% 01/15/25 N/A AERCAP IRELAND CAP/GLOBA REGD 3.50000000 00774MAC9 2600000.00000000 NS USD 2595318.18000000 0.985913191502 Long DBT CORP IE N 2 2025-01-15 Fixed 3.50000000 N N N N N N FHR 4906 WF V/R 12/15/38 N/A FREDDIE MAC REMICS SER 4906 CL WF V/R 5.72735000 3137FNWL0 963527.36000000 NS USD 950296.20000000 0.360999883033 Long ABS-CBDO CORP US N 2 2038-12-15 Variable 5.72735000 N N N N N N TPMT 2021-SJ2 A1 V/R 12/25/61 N/A TOWD POINT MORTGAGE TRUST 2021-SJ2 SER 2021-SJ2 CL A1A V/R REGD 144A P/P 2.25000000 89180LAA6 764655.96000000 NS USD 735152.47000000 0.279270774398 Long ABS-CBDO CORP US Y 2 2061-12-25 Variable 2.25000000 N N N N N N BLUEM 2018-3A A1 V/R 10/25/30 N/A BLUEMOUNTAIN CLO 2018-3 LTD SER 2018-3A CL A1R V/R REGD 144A P/P 5.81587000 09630AAN6 449993.91000000 NS USD 450822.80000000 0.171259211673 Long ABS-CBDO CORP KY Y 2 2030-10-25 Variable 5.81587000 N N N N N N NSLT 2018-3A A2 V/R 10/25/24 N/A NELNET STUDENT LOAN TRUST 2018-3 SER 2018-3A CL A2 V/R 144A P/P 5.14219000 64034AAB9 65387.68000000 NS USD 65432.12000000 0.024856447565 Long ABS-CBDO CORP US Y 2 2066-09-27 Variable 5.14219000 N N N N N N NOMURA HOLDING 2.648% 01/16/25 549300B3CEAHYG7K8164 NOMURA HOLDINGS INC REGD 2.64800000 65535HAP4 2700000.00000000 NS USD 2691936.59000000 1.022616731628 Long DBT CORP JP N 2 2025-01-16 Fixed 2.64800000 N N N N N N BANQUE FED CRED M V/R 02/04/25 N/A BANQUE FED CRED MUTUEL REGD V/R 144A P/P 5.03236000 06675FAW7 1330000.00000000 NS USD 1330643.03000000 0.505486582172 Long DBT CORP FR Y 2 2025-02-04 Variable 5.03236000 N N N N N N VMWARE LLC 4.5% 05/15/25 549300BUDHS3LRWBE814 VMWARE LLC REGD 4.50000000 928563AD7 3000000.00000000 NS USD 2993573.22000000 1.137202887133 Long DBT CORP US N 2 2025-05-15 Fixed 4.50000000 N N N N N N ARCLO 2021-FL3 A V/R 07/15/26 N/A ARBOR REALTY COMMERCIAL REAL ESTATE NOTES 20 SER 2021-FL3 CL A V/R REGD 144A P/P 5.79377000 03880KAA2 831756.27000000 NS USD 831758.02000000 0.315969429249 Long ABS-CBDO CORP KY Y 2 2034-08-15 Variable 5.79377000 N N N N N N SOCIETE GENERALE V/R 01/21/26 O2RNE8IBXP4R0TD8PU41 SOCIETE GENERALE REGD V/R 144A P/P 5.71282600 83368RBF8 500000.00000000 NS USD 500488.93000000 0.190126452351 Long DBT CORP FR Y 2 2026-01-21 Variable 5.71282600 N N N N N N MF1 2020-FL4 A V/R 10/15/25 N/A MF1 2020-FL4 LTD SER 2020-FL4 CL A V/R REGD 144A P/P 6.42377000 58003UAA6 287351.42000000 NS USD 287683.94000000 0.109285787621 Long ABS-CBDO CORP US Y 2 2035-12-15 Variable 6.42377000 N N N N N N BAMLL 2020-BHP3 V/R 03/15/25 N/A BAMLL COMMERCIAL MORTGAGE SECURITIES SER 2020-BHP3 CL A V/R REGD 144A P/P 6.62448000 05891HAA1 1000000.00000000 NS USD 999005.50000000 0.379503641758 Long ABS-CBDO CORP US Y 2 2037-03-15 Variable 6.62448000 N N N N N N WOART 2023-B A 5.25% 02/18/25 N/A WORLD OMNI AUTO RECEIVABLES TRUST 2023-B SER 2023-B CL A2A REGD 5.25000000 98164QAB4 149794.37000000 NS USD 149874.76000000 0.056934638725 Long ABS-CBDO CORP US N 2 2026-11-16 Fixed 5.25000000 N N N N N N SNDPT 2020-3A A1 V/R 01/25/32 N/A SOUND POINT CLO XXVIII LTD SER 2020-3A CL A1R V/R REGD 144A P/P 5.90587000 83615CAL0 600000.00000000 NS USD 601080.00000000 0.228339132255 Long ABS-CBDO CORP KY Y 2 2032-01-25 Variable 5.90587000 N N N N N N GNR 2023-H24 FA V/R 10/20/73 N/A GOVERNMENT NATIONAL MORTGAGE ASSOCIATION SER 2023-H24 CL FA V/R 5.71078000 38383KGP1 388293.79000000 NS USD 393313.19000000 0.149412378567 Long ABS-CBDO CORP US N 2 2073-10-20 Variable 5.71078000 N N N N N N HSBC HOLDINGS PLC V/R 03/10/26 MLU0ZO3ML4LN2LL2TL39 HSBC HOLDINGS PLC REGD V/R 6.31630900 404280DB2 900000.00000000 NS USD 902290.34000000 0.342763348103 Long DBT CORP GB N 2 2026-03-10 Variable 6.31630900 N N N N N N TAOT 2023-C A2A 5.6% 04/15/25 N/A TOYOTA AUTO RECEIVABLES 2023-C OWNER TRUST SER 2023-C CL A2A REGD 5.60000000 89231FAB6 307543.11000000 NS USD 308283.38000000 0.117111132424 Long ABS-CBDO CORP US N 2 2026-08-17 Fixed 5.60000000 N N N N N N NATWEST MARKETS P V/R 09/29/26 N/A NATWEST MARKETS PLC REGD V/R 144A P/P 5.48873400 63906YAE8 300000.00000000 NS USD 300342.15000000 0.114094406586 Long DBT CORP GB Y 2 2026-09-29 Variable 5.48873400 N N N N N N GSMBS 2024-PJ7 A V/R 07/25/44 N/A GS MORTGAGE-BACKED SECURITIES TRUST 2024-PJ7 SER 2024-PJ7 CL A25 V/R REGD 144A P/P 6.07533000 362949BR9 630757.90000000 NS USD 633545.79000000 0.240672283111 Long ABS-CBDO CORP US Y 2 2054-11-25 Variable 6.07533000 N N N N N N HERTZ 2023-1A 5.49% 06/25/26 N/A HERTZ VEHICLE FINANCING III LLC SER 2023-1A CL A REGD 144A P/P 5.49000000 42806MBS7 1000000.00000000 NS USD 1005118.40000000 0.381825818975 Long ABS-CBDO CORP US Y 2 2027-06-25 Fixed 5.49000000 N N N N N N HARLEY-DAVIDSON 3.5% 07/28/25 ZDNAWZWXIKMWI51R2A08 HARLEY-DAVIDSON INC REGD 3.50000000 412822AD0 300000.00000000 NS USD 297091.80000000 0.112859658967 Long DBT CORP US N 2 2025-07-28 Fixed 3.50000000 N N N N N N JPMORGAN CHASE & V/R 03/13/26 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE & CO REGD V/R 2.00500000 46647PBH8 1100000.00000000 NS USD 1091446.16000000 0.414620132225 Long DBT CORP US N 2 2026-03-13 Variable 2.00500000 N N N N N N KKR 11 AR V/R 01/15/31 N/A KKR CLO 11 LTD SER 11 CL AR V/R REGD 144A P/P 6.09751000 48250MAK3 301672.57000000 NS USD 302438.82000000 0.114890892591 Long ABS-CBDO CORP KY Y 2 2031-01-15 Variable 6.09751000 N N N N N N CITIBANK NA V/R 08/06/26 N/A CITIBANK NA REGD V/R 5.31716600 17325FBH0 250000.00000000 NS USD 250942.68000000 0.095328465091 Long DBT CORP US N 2 2026-08-06 Variable 5.31716600 N N N N N N GENERAL MOTORS F 2.9% 02/26/25 N/A GENERAL MOTORS FINL CO REGD 2.90000000 37045XCV6 1600000.00000000 NS USD 1591623.38000000 0.604628171735 Long DBT CORP US N 2 2025-02-26 Fixed 2.90000000 N N N N N N CWL 2004-5 M1 V/R 08/25/34 N/A CWABS INC ASSET-BACKED CERTIFICATES TRUST 2004-5 SER 2004-5 CL M1 V/R REGD 5.55719000 1266716K7 27495.94000000 NS USD 27468.67000000 0.010434837745 Long ABS-CBDO CORP US N 2 2034-08-25 Variable 5.55719000 N N N N N N GLM 2019-4A ARR V/R 04/24/31 N/A GOLDENTREE LOAN MANAGEMENT US CLO 4 LTD SER 2019-4A CL ARR V/R REGD 144A P/P 5.78476000 38137YBA8 519930.43000000 NS USD 520421.24000000 0.197698366854 Long ABS-CBDO CORP KY Y 2 2031-04-24 Variable 5.78476000 N N N N N N FORDL 2024-A A2B V/R 07/15/25 N/A FORD CREDIT AUTO LEASE TRUST 2024-A SER 2024-A CL A2B V/R REGD 5.30563000 345290AC4 1990764.87000000 NS USD 1991164.52000000 0.756406432878 Long ABS-CBDO CORP US N 2 2026-07-15 Variable 5.30563000 N N N N N N DEFT 2024-2 A2 4.69% 08/22/30 N/A DELL EQUIPMENT FINANCE TRUST 2024-2 SER 2024-2 CL A2 REGD 144A P/P 4.69000000 24704EAC2 2000000.00000000 NS USD 2003018.50000000 0.760909539797 Long ABS-CBDO CORP US Y 2 2030-08-22 Fixed 4.69000000 N N N N N N F/C US 10YR NOTE (CBT)MAR25 N/A FUTURE CONTRACT ON US 10YR NOTE (CBT)MAR25 0.00000000 N/A -56.00000000 NC USD -6226500.00000000 -2.36533174783 N/A DIR CORP US N 1 Wells Fargo Securities LLC VYVVCKR63DVZZN70PB21 Short F/C US 10YR NOTE (CBT)MAR25 US 10YR NOTE (CBT)MAR25 2025-03-20 6154349.62000000 USD -72150.38000000 N N N MFRA 2020-NQM1 A V/R 03/25/65 N/A MFA 2020-NQM1 TRUST SER 2020-NQM1 CL A1 V/R REGD 144A P/P 2.47900000 552754AA1 143502.20000000 NS USD 137699.70000000 0.052309559476 Long ABS-CBDO CORP US Y 2 2065-03-25 Variable 2.47900000 N N N N N N ARES 2018-50A AR V/R 01/15/32 N/A ARES L CLO LTD SER 2018-50A CL AR V/R REGD 144A P/P 5.96751000 04018LAJ4 189191.70000000 NS USD 189652.00000000 0.072045273691 Long ABS-CBDO CORP KY Y 2 2032-01-15 Variable 5.96751000 N N N N N N ENERGY TRANSFER 5.95% 12/01/25 MTLVN9N7JE8MIBIJ1H73 ENERGY TRANSFER LP REGD 5.95000000 86765BAS8 500000.00000000 NS USD 504052.03000000 0.191480007888 Long DBT CORP US N 2 2025-12-01 Fixed 5.95000000 N N N N N N JPMORGAN CHASE & V/R 10/22/28 8I5DZWZKVSZI1NUHU748 JPMORGAN CHASE & CO REGD V/R 5.51971300 46647PEN2 800000.00000000 NS USD 803227.62000000 0.305131259989 Long DBT CORP US N 2 2028-10-22 Variable 5.51971300 N N N N N N STANDARD CHARTERE V/R 03/30/26 U4LOSYZ7YG4W3S5F2G91 STANDARD CHARTERED PLC REGD V/R 144A P/P 3.97100000 853254CJ7 2000000.00000000 NS USD 1990866.50000000 0.756293220613 Long DBT CORP GB Y 2 2026-03-30 Variable 3.97100000 N N N N N N ENERGY TRANSFER 4.05% 03/15/25 MTLVN9N7JE8MIBIJ1H73 ENERGY TRANSFER LP REGD 4.05000000 29273RBD0 1000000.00000000 NS USD 996758.15000000 0.378649915218 Long DBT CORP US N 2 2025-03-15 Fixed 4.05000000 N N N N N N JPMMT 2019-INV3 V/R 06/01/42 N/A JP MORGAN MORTGAGE TRUST 2019-INV3 SER 2019-INV3 CL A3 V/R REGD 144A P/P 3.50000000 46591LAC5 153746.50000000 NS USD 138263.37000000 0.052523687243 Long ABS-CBDO CORP US Y 2 2050-05-25 Variable 3.50000000 N N N N N N FNR 2017-108 AF V/R 01/25/48 N/A FANNIE MAE REMICS SER 2017-108 CL AF V/R 5.14851000 3136B0SA5 731575.38000000 NS USD 718005.24000000 0.272756860079 Long 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