NPORT-P false 0000885709 XXXXXXXX S000022678 C000065580 C000069457 C000077412 C000172680 PAYDEN & RYGEL INVESTMENT GROUP 811-06625 0000885709 549300QJNYRKYZS3P282 333 South Grand Avenue 32nd Floor Los Angeles 90071 213-625-1900 Payden Managed Income Fund S000022678 549300E8I3EQMB6RVA07 2025-10-31 2025-04-30 N 121461091.50 6981481.84 114479609.66 0.00000000 0.00000000 1626000.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 4319000.00000000 BRL EUR GBP USD N N/A N/A BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 000000000 71.00000000 NC USD 48910.12000000 0.042723870342 N/A DIR CORP US N 1 BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 Long US TREASURY N/B United States Treasury Note/Bond 2025-06-30 7703956.89000000 USD 48910.12000000 N N N EUREX CLEARING AKTIENGESELLSCHAFT 529900LN3S50JPU47S06 000000000 -17.00000000 NC -6059.43000000 -0.00529302119 N/A DIR CORP DE N 1 EUREX CLEARING AKTIENGESELLSCHAFT 529900LN3S50JPU47S06 Short BUNDESSCHATZANWEISUNGEN BUNDESSCHATZANWEISUNGEN 2025-06-06 -1987767.89000000 USD -6059.43000000 N N N SABLE INTL FINANCE LTD 2138009IE9A35LO5JS73 785712AK6 300000.00000000 PA USD 295228.50000000 0.257887409711 Long DBT CORP KY N 2 2032-10-15 Fixed 7.12500000 N N N N N N PRA GROUP INC 549300Q5HW3JSSB86K27 69354NAF3 180000.00000000 PA USD 185603.47000000 0.162127972440 Long DBT CORP US N 2 2030-01-31 Fixed 8.87500000 N N N N N CIBANCO SA INS DE BANCA 549300PN33H8IMG2PD83 000000000 200000.00000000 PA USD 161512.46000000 0.141084041498 Long DBT CORP MX N 2 2031-07-22 Fixed 4.37500000 N N N N N N Cologix Data Centers Issuer LL N/A 19521DAJ0 400000.00000000 PA 281595.82000000 0.245979018304 Long ABS-O CORP CA N 2 2052-01-25 Fixed 5.68000000 N N N N N N BX Trust N/A 123911AE9 550000.00000000 PA USD 553863.04000000 0.483809336566 Long ABS-MBS CORP US N 2 2042-02-10 Fixed 6.55550000 N N N N N N BRAVO Residential Funding Trus 254900T3YTF92WA96N66 105698AF1 500000.00000000 PA USD 500857.00000000 0.437507606365 Long ABS-MBS CORP US N 2 2064-10-27 Variable 6.38400000 N N N N N N AUTOZONE INC GA3JGKJ41LJKXDN23E90 053332BK7 150000.00000000 PA USD 151666.61000000 0.132483514269 Long DBT CORP US N 2 2034-07-15 Fixed 5.40000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 46647PEY8 300000.00000000 PA USD 305510.12000000 0.266868589880 Long DBT CORP US N 2 2031-04-22 Fixed 5.10300000 N N N N N N VISTRA OPERATIONS CO LLC 549300ZH5GKBTJZ7NM23 92840VAQ5 150000.00000000 PA USD 161176.05000000 0.140790181307 Long DBT CORP US N 2 2033-10-15 Fixed 6.95000000 N N N N N N TTAN N/A 87303TAN7 230713.35000000 PA USD 229834.72000000 0.200764765605 Long ABS-MBS CORP US N 2 2038-03-15 Floating 6.83648000 N N N N N N CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 000000000 19.00000000 NC USD 0.00000000 0.000000 N/A DE CORP US N 2 CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 Put Purchased CHICAGO MERCANTILE EXCHANGE INC. S&P500 EMINI 50.00000000 5400.00000000 USD 2025-04-30 XXXX -292532.40000000 N N N PETROLEOS MEXICANOS 549300CAZKPF4HKMPX17 000000000 425000.00000000 PA 470593.83000000 0.411072182546 Long DBT CORP MX N 2 2026-04-16 Fixed 3.75000000 N N N N N N Fortress CBO Investments Ltd N/A 34706CAC3 300000.00000000 PA USD 293699.37000000 0.256551687127 Long ABS-CBDO CORP US N 2 2039-02-23 Floating 6.60006000 N N N N N N KRAFT HEINZ FOODS CO 5493003STKEZ2S0RNU91 50077LAV8 175000.00000000 PA USD 168323.80000000 0.147033869612 Long DBT CORP US N 2 2030-04-01 Fixed 3.75000000 N N N N N N Fannie Mae - CAS N/A 20754LAF6 1125000.00000000 PA USD 1147391.33000000 1.002266983096 Long ABS-MBS CORP US N 2 2041-12-25 Floating 7.50369000 N N N N N N Modena Buyer LLC 254900B0G2IU0VBDOY26 60753DAC8 373125.00000000 PA USD 354935.16000000 0.310042252112 Long LON CORP US N 2 2031-07-01 Floating 8.77965000 N N N N N N Santander Drive Auto Receivabl N/A 80286UAA8 224613.59000000 PA USD 224911.07000000 0.196463868690 Long ABS-O CORP US N 2 2029-03-16 Fixed 6.53000000 N N N N N N Fannie Mae - CAS N/A 207932AA2 782704.89000000 PA USD 801311.35000000 0.699959890132 Long ABS-MBS CORP US N 2 2042-12-25 Floating 6.75269000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 37045XEU6 150000.00000000 PA USD 151176.18000000 0.132055114835 Long DBT CORP US N 2 2029-07-15 Fixed 5.55000000 N N N N N N AMERICAN HOMES 4 RENT 549300N4PXZ37U8QKI55 02666TAG2 150000.00000000 PA USD 149603.69000000 0.130681516511 Long DBT CORP US N 2 2034-02-01 Fixed 5.50000000 N N N N N N MUTHOOT FINANCE LTD 335800HAMJMBFL4RRF02 62828M2C4 200000.00000000 PA USD 198780.77000000 0.173638581220 Long DBT CORP IN N 2 2028-02-14 Fixed 7.12500000 N N N N N N CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 000000000 9.00000000 NC USD 35662.50000000 0.031151835777 N/A DIR CORP US N 1 CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 Put Purchased CHICAGO MERCANTILE EXCHANGE INC. S&P500 EMINI 50.00000000 5400.00000000 USD 2025-05-30 XXXX -18626.06000000 N N N SURGE ENERGY INC 984500714EFC8B46F797 86880YAD1 95000.00000000 PA 67876.83000000 0.059291632983 Long DBT CORP CA N 2 2029-09-05 Fixed 8.50000000 N N N N N N Bridgepoint CLO 635400SMEI2C85PDRY45 000000000 500000.00000000 PA 564695.14000000 0.493271370925 Long ABS-CBDO CORP IE N 2 2036-11-14 Floating 5.25300000 N N N N N N MOBICO GROUP PLC 213800A8IQEMY8PA5X34 000000000 275000.00000000 PA 299690.01000000 0.261784619016 Long DBT CORP GB N 2 2031-09-26 Fixed 4.87500000 N N N N N N HYATT HOTELS CORP T27JQIMTYSH41TCD5186 448579AU6 100000.00000000 PA USD 100503.17000000 0.087791328340 Long DBT CORP US N 2 2028-03-30 Fixed 5.05000000 N N N N N N KINGDOM OF MOROCCO 529900F3MBW9XY5K1X07 000000000 300000.00000000 PA 340677.70000000 0.297588104127 Long DBT NUSS MA N 2 2029-04-02 Fixed 3.87500000 N N N N N N TRUIST FINANCIAL CORP 549300DRQQI75D2JP341 89788MAT9 175000.00000000 PA USD 176032.62000000 0.153767662663 Long DBT CORP US N 2 2032-08-05 Fixed 5.15300000 N N N N N N Palisades Center Trust N/A 69640GAG0 900000.00000000 PA USD 45000.00000000 0.039308310129 Long ABS-MBS CORP US N 3 2033-04-13 Fixed 3.35652100 N N N N N N BX Trust N/A 05610DAA0 500000.00000000 PA USD 502153.85000000 0.438640428187 Long ABS-MBS CORP US N 2 2038-05-15 Floating 7.01186000 N N N N N N Capital Automotive Reit N/A 12510HAJ9 300000.00000000 PA USD 271249.83000000 0.236941609781 Long ABS-O CORP US N 2 2050-02-15 Fixed 4.95000000 N N N N N N Fannie Mae - CAS N/A 20754AAF0 300000.00000000 PA USD 304003.62000000 0.265552635008 Long ABS-MBS CORP US N 2 2041-12-25 Floating 7.10369000 N N N N N N CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 000000000 -17.00000000 NC USD -11687.50000000 -0.01020924165 N/A DIR CORP US N 1 CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 Put Written CHICAGO MERCANTILE EXCHANGE INC. S&P500 EMINI 50.00000000 4400.00000000 USD 2025-06-30 XXXX 5488.28000000 N N N Neuberger Berman CLO Ltd 549300E2R8NH2QE50368 64135BAQ2 450000.00000000 PA USD 446327.10000000 0.389874757020 Long ABS-CBDO CORP JE N 2 2036-10-23 Floating 6.12934000 N N N N N N OFFICE CHERIFIEN DES PHO 213800D26TAPVTCVWG40 67091TAH8 200000.00000000 PA USD 200331.34000000 0.174993032029 Long DBT CORP MA N 2 2030-04-30 Fixed 6.10000000 N N N N N N Arini European CLO 635400HMSNVNUMMBE111 000000000 600000.00000000 PA 679875.17000000 0.593883200702 Long ABS-CBDO CORP IE N 2 2036-07-15 Floating 4.92900000 N N N N N N KIER GROUP PLC 2138002RKCU2OM4Y7O48 000000000 350000.00000000 PA 486817.69000000 0.425244016332 Long DBT CORP GB N 2 2029-02-15 Fixed 9.00000000 N N N N N N CIA DE MINAS BUENAVENTUR 529900WQB1ZU9KB6EL71 204448AB0 350000.00000000 PA USD 348253.50000000 0.304205701813 Long DBT CORP PE N 2 2032-02-04 Fixed 6.80000000 N N N N N N Payden Emerging Markets Local Bond Fund 549300ZRY78UEWJB7K76 70432T867 491000.07000000 NS USD 2273330.32000000 1.985794960999 Long EC RF US N 1 N N N OCP Euro CLO 635400SWYKSK8LNFAE07 000000000 500000.00000000 PA 565150.54000000 0.493669171023 Long ABS-CBDO CORP IE N 2 2036-04-25 Floating 3.70800000 N N N N N N Fannie Mae - CAS N/A 20753AAA2 1300000.00000000 PA USD 1371695.26000000 1.198200504066 Long ABS-MBS CORP US N 2 2043-04-25 Floating 8.25369000 N N N N N N Fortress CBO Investments Ltd N/A 34706CAA7 35567.11000000 PA USD 35024.92000000 0.030594898169 Long ABS-CBDO CORP US N 2 2039-02-23 Floating 6.20006000 N N N N N N OFFICE CHERIFIEN DES PHO 213800D26TAPVTCVWG40 67091TAJ4 200000.00000000 PA USD 198416.47000000 0.173320358611 Long DBT CORP MA N 2 2036-03-01 Fixed 6.70000000 N N N N N N CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 000000000 17.00000000 NC USD 52912.50000000 0.046220021327 N/A DIR CORP US N 1 CHICAGO MERCANTILE EXCHANGE INC. SNZ2OJLFK8MNNCLQOF39 Put Purchased CHICAGO MERCANTILE EXCHANGE INC. S&P500 EMINI 50.00000000 5100.00000000 USD 2025-06-30 XXXX -18524.22000000 N N N Hanesbrands Inc GX5LWVWZLL5S4W1L2F20 410346AY6 375000.00000000 PA USD 372656.25000000 0.325521943258 Long LON CORP US N 2 2032-03-07 Floating 7.07162000 N N N N N N VIKING BAKED GOODS ACQUI 254900DBFD2H1FJK0893 92676AAA5 285000.00000000 PA USD 271432.69000000 0.237101341283 Long DBT CORP US N 2 2031-11-01 Fixed 8.62500000 N N N N N N KKR Financial CLO Ltd 549300MJB0YZ0QTQNZ45 48252UAU1 600000.00000000 PA USD 595483.20000000 0.520165295609 Long ABS-CBDO CORP KY N 2 2034-07-15 Floating 5.20610000 N N N N N N EPH FIN INTERNATIONAL AS 3157003E5A4ZV0JCSM65 000000000 250000.00000000 PA 299429.46000000 0.261557023900 Long DBT CORP CZ N 2 2029-11-30 Fixed 5.87500000 N N N N N N Life Financial Services Trust N/A 53218CAN0 385000.00000000 PA USD 375467.63000000 0.327977734301 Long ABS-MBS CORP US N 2 2038-03-15 Floating 7.38648000 N N N N N N REPUBLIC OF ZAMBIA 213800DMLAZ6LGMMD849 000000000 179867.25000000 PA USD 156511.49000000 0.136715604171 Long DBT NUSS ZM N 2 2033-06-30 Variable 5.75000000 N N N N N N GRAN TIERRA ENERGY INC 549300IH2S17MAIUCM32 38500TAC5 203000.00003900 PA USD 158061.54000000 0.138069600751 Long DBT CORP US N 2 2029-10-15 Fixed 9.50000000 N N N N N N CAMB Commercial Mortgage Trust N/A 12482HAS3 300000.00000000 PA USD 297068.64000000 0.259494805129 Long ABS-MBS CORP US N 2 2037-12-15 Floating 7.86900000 N N N N N N WARNERMEDIA HOLDINGS INC 549300DXR29GD4N0A520 55903VBC6 175000.00000000 PA USD 149911.94000000 0.130950778435 Long DBT CORP US N 2 2032-03-15 Fixed 4.27900000 N N N N N N Fannie Mae - CAS N/A 20754TAH5 350000.00000000 PA USD 344832.71000000 0.301217580164 Long ABS-MBS CORP US N 2 2045-02-25 Floating 6.30269000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 000000000 1.00000000 NC USD -164102.17000000 -0.14334619980 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -1944000.00000000 EUR 2041881.76000000 USD 2025-05-28 -164102.17000000 N N N PRA GROUP INC 549300Q5HW3JSSB86K27 69354NAD8 110000.00000000 PA USD 100327.83000000 0.087638165694 Long DBT CORP US N 2 2029-10-01 Fixed 5.00000000 N N N N N Fannie Mae - CAS N/A 20754VAB3 736149.82000000 PA USD 738488.57000000 0.645083060811 Long ABS-MBS CORP US N 2 2045-03-25 Floating 5.95369000 N N N N N N OHI GROUP SA 529900GW2J8DSYJHEH26 67712MAB5 200000.00000000 PA USD 202200.00000000 0.176625340181 Long DBT CORP LU N 2 2029-07-22 Fixed 13.00000000 N N N N N N Freddie Mac - STACR 5493000ISOMSKCX2AW62 35564KND7 1125000.00000000 PA USD 1157092.09000000 1.010740771598 Long ABS-MBS CORP US N 2 2041-11-25 Floating 8.00369000 N N N N N N DUKE ENERGY PROGRESS LLC 0NIFZ782LS46WOC9QK20 26442UAU8 300000.00000000 PA USD 299220.58000000 0.261374563460 Long DBT CORP US N 2 2035-03-15 Fixed 5.05000000 N N N N N N United Natural Foods Inc 549300GKGW6WPZ282D40 91116KAD7 445500.00000000 PA USD 447727.50000000 0.391098031631 Long LON CORP US N 2 2031-04-25 Floating 9.07162000 N N N N N N ROMANIA 315700IASY927EDWBK92 000000000 200000.00000000 PA 221428.49000000 0.193421772364 Long DBT NUSS RO N 2 2032-07-11 Fixed 5.87500000 N N N N N N Fannie Mae - CAS N/A 20754QAA6 771742.08000000 PA USD 786352.70000000 0.686893240058 Long ABS-MBS CORP US N 2 2043-05-25 Floating 6.65269000 N N N N N N SAGAX EURO MTN 549300M3FFATWSV78G84 000000000 250000.00000000 PA 265465.56000000 0.231888945803 Long DBT CORP NL N 2 2028-01-26 Fixed 0.75000000 N N N N N N KINGDOM OF MOROCCO 529900F3MBW9XY5K1X07 000000000 300000.00000000 PA 337733.87000000 0.295016615625 Long DBT NUSS MA N 2 2035-04-02 Fixed 4.75000000 N N N N N N STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 000000000 1.00000000 NC USD -15756.52000000 -0.01376360388 N/A DFE CORP US N 2 STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 -495000.00000000 CAD 344207.41000000 USD 2025-06-18 -15756.52000000 N N N MCR Mortgage Trust N/A 55286PAA1 241707.65000000 PA USD 241702.19000000 0.211131214299 Long ABS-MBS CORP US N 2 2037-02-15 Floating 6.08040000 N N N N N N Freddie Mac - STACR 5493000IRJ8RDHSNEL96 35564KE39 249193.57000000 PA USD 252897.63000000 0.220910632689 Long ABS-MBS CORP US N 2 2042-08-25 Floating 6.65369000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95000U3P6 125000.00000000 PA USD 127628.80000000 0.111486054485 Long DBT CORP US N 2 2031-01-24 Fixed 5.24400000 N N N N N N REPUBLIC OF ALBANIA 254900EDM43U3SGRND29 000000000 375000.00000000 PA 405794.94000000 0.354469185565 Long DBT NUSS AL N 2 2035-02-14 Fixed 4.75000000 N N N N N N Chase Auto Credit Linked Notes N/A 46591HCH1 550000.00000000 PA USD 549369.10000000 0.479883799072 Long ABS-O CORP US N 2 2029-02-26 Fixed 3.69400000 N N N N N N CLEVELAND-CLIFFS INC 549300TM2WLI2BJMDD86 185899AQ4 200000.00000000 PA USD 193936.66000000 0.169407163927 Long DBT CORP US N 2 2029-11-01 Fixed 6.87500000 N N N N N N American Credit Acceptance Rec N/A 024945AG2 500000.00000000 PA USD 500268.25000000 0.436993322641 Long ABS-O CORP US N 2 2031-08-12 Fixed 5.34000000 N N N N N N FISERV FUNDING UNLTD CO 254900RNWK5SE9A0I712 000000000 250000.00000000 PA 283665.64000000 0.247787043336 Long DBT CORP IE N 2 2028-06-15 Fixed 2.87500000 N N N N N N HYUNDAI CAPITAL AMERICA 549300RIPPWJB5Z0FK07 44891ADF1 50000.00000000 PA USD 49390.12000000 0.043143158984 Long DBT CORP US N 2 2027-09-24 Fixed 4.30000000 N N N N N N Freddie Mac - STACR 5493000ISA3AUOXQEF68 35564KRN1 500000.00000000 PA USD 519071.30000000 0.453418125325 Long ABS-MBS CORP US N 2 2042-02-25 Floating 8.10369000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 6412.70000000 0.005601608897 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -791304.82000000 USD 1245000.00000000 AUD 2025-05-28 6412.70000000 N N N EUROBANK SA 213800KGF4EFNUQKAT69 000000000 300000.00000000 PA 336532.75000000 0.293967415681 Long DBT CORP GR N 2 2030-03-12 Fixed 3.25000000 N N N N N N HIH Trust N/A 40444VAG6 250000.00000000 PA USD 247457.40000000 0.216158493844 Long ABS-MBS CORP US N 2 2041-10-15 Floating 7.96186000 N N N N N N Freddie Mac - STACR 529900GRKKKHILZX4347 35564NCW1 543756.27000000 PA USD 543737.24000000 0.474964267973 Long ABS-MBS CORP US N 2 2044-05-25 Floating 5.60369000 N N N N N N UDR INC P3CH2EG5X6Z1XWU1OO74 90265EAW0 150000.00000000 PA USD 146390.35000000 0.127874606172 Long DBT CORP US N 2 2034-09-01 Fixed 5.12500000 N N N N N N Fannie Mae - CAS N/A 20754VAC1 411450.00000000 PA USD 414044.19000000 0.361675053950 Long ABS-MBS CORP US N 2 2045-03-25 Floating 6.60369000 N N N N N N Freddie Mac - STACR 5493000ISOMSKCX2AW62 35564KNE5 400000.00000000 PA USD 426102.60000000 0.372208292171 Long ABS-MBS CORP US N 2 2041-11-25 Floating 12.15369000 N N N N N N Neuberger Berman CLO Ltd 549300BQ0WQMX5H5TS32 64134MAJ5 1000000.00000000 PA USD 995348.00000000 0.869454397124 Long ABS-CBDO CORP KY N 2 2036-10-14 Floating 5.30171000 N N N N N N ARES CAPITAL CORP WEQ82666OJYSI5GUAB47 04010LBF9 175000.00000000 PA USD 176262.97000000 0.153968877535 Long DBT CORP US N 2 2029-03-01 Fixed 5.87500000 N N N N N N LIMAK CIMENTO SANAYI 789000EEUQIGHI88WH47 53263AAA6 400000.00000000 PA USD 393354.80000000 0.343602499316 Long DBT CORP TR N 2 2029-07-25 Fixed 9.75000000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141GC93 275000.00000000 PA USD 280141.13000000 0.244708320400 Long DBT CORP US N 2 2031-04-23 Fixed 5.21800000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 83520.38000000 0.072956555536 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -2452426.05000000 USD 2086000.00000000 CHF 2025-05-28 83520.38000000 N N N ALTICE FRANCE HOLDING SA 5299000JVHXKJPOE6H40 02156TAB0 325000.00000000 PA USD 101104.19000000 0.088316330130 Long DBT CORP LU N 2 2027-05-15 Fixed 10.50000000 N N N N N N Sage AR Funding 635400KXGNL1GYF3BH46 000000000 110000.00000000 PA 146225.52000000 0.127730624199 Long ABS-MBS CORP GB N 2 2030-11-17 Floating 7.48070000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 20754KAF8 700000.00000000 PA USD 713025.74000000 0.622840820402 Long ABS-MBS CORP US N 2 2041-11-25 Floating 7.65369000 N N N N N N XPLR INFRAST OPERATING 549300KJEC5IUVJWR786 65342QAM4 180000.00000000 PA USD 178343.89000000 0.155786598617 Long DBT CORP US N 2 2029-01-15 Fixed 7.25000000 N N N N N CLEVELAND-CLIFFS INC 549300TM2WLI2BJMDD86 185899AR2 125000.00000000 PA USD 117598.69000000 0.102724572829 Long DBT CORP US N 2 2033-05-01 Fixed 7.37500000 N N N N N N BOMBARDIER INC W7L3VLU8EHQY34Z36697 097751CC3 200000.00000000 PA USD 202596.21000000 0.176971436749 Long DBT CORP CA N 2 2032-06-01 Fixed 7.00000000 N N N N N REPUBLIC OF POLAND 259400R9L8QEP0TPXS31 857524AH5 400000.00000000 PA USD 404806.67000000 0.353605913928 Long DBT NUSS PL N 2 2035-02-12 Fixed 5.37500000 N N N N N N REWORLD HOLDING CORP 40XIFLS8XDQGGHGPGC04 22303XAA3 400000.00000000 PA USD 374167.24000000 0.326841820225 Long DBT CORP US N 2 2029-12-01 Fixed 4.87500000 N N N N N N BOEING CO RVHJWBXLJ1RFUBSY1F30 097023CU7 25000.00000000 PA USD 25175.27000000 0.021991051572 Long DBT CORP US N 2 2027-05-01 Fixed 5.04000000 N N N N N N Freddie Mac - STACR 5299002OYNAPMJKK2A73 35564NDZ3 678430.57000000 PA USD 677091.48000000 0.591451597372 Long ABS-MBS CORP US N 2 2044-08-25 Floating 5.55369000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 48833.85000000 0.042657247124 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1155116.62000000 USD 12525000.00000000 NOK 2025-05-28 48833.85000000 N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XCH5 123484.33000000 PA USD 133183.33000000 0.116338036437 Long ABS-MBS CORP US N 2 2028-09-25 Floating 16.71817000 N N N N N N LKQ DUTCH BOND BV 724500O7KBK1ICWRWC17 000000000 200000.00000000 PA 230909.54000000 0.201703640225 Long DBT CORP NL N 2 2031-03-13 Fixed 4.12500000 N N N N N N HP ENTERPRISE CO 549300BX44RGX6ANDV88 42824CBV0 250000.00000000 PA USD 241457.17000000 0.210917184918 Long DBT CORP US N 2 2034-10-15 Fixed 5.00000000 N N N N N N EVERGY INC 549300PGTHDQY6PSUI61 30034WAE6 125000.00000000 PA USD 121830.95000000 0.106421528132 Long DBT CORP US N 2 2055-06-01 Fixed 6.65000000 N N N N N N BOEING CO RVHJWBXLJ1RFUBSY1F30 097023DG7 25000.00000000 PA USD 24499.13000000 0.021400431109 Long DBT CORP US N 2 2026-02-04 Fixed 2.19600000 N N N N N N ROYAL BANK OF CANADA ES7IP3U3RHIGC71XBU11 78017DAC2 75000.00000000 PA USD 76342.81000000 0.066686818924 Long DBT CORP CA N 2 2031-02-04 Fixed 5.15300000 N N N N N N Wells Fargo Commercial Mortgag N/A 95001QAV3 7566970.36000000 PA USD 150840.74000000 0.131762101956 Long ABS-MBS CORP US N 2 2051-08-15 Variable 1.06555100 N N N N N N SYNOPSYS INC QG7T915N9S0NY5UKNE63 871607AE7 240000.00000000 PA USD 240604.93000000 0.210172737935 Long DBT CORP US N 2 2035-04-01 Fixed 5.15000000 N N N N N N Fannie Mae - CAS N/A 20754LAJ8 325000.00000000 PA USD 339469.33000000 0.296532571178 Long ABS-MBS CORP US N 2 2041-12-25 Floating 10.35369000 N N N N N N ACRE COMMERCIAL MORTGAGE TRUST N/A 00489TAG1 100000.00000000 PA USD 98809.58000000 0.086311946986 Long ABS-CBDO CORP KY N 2 2037-12-18 Floating 6.68442000 N N N N N N BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 000000000 -8.00000000 NC USD -3652.48000000 -0.00319050703 N/A DIR CORP US N 1 BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 Short US TREASURY N/B United States Treasury Note/Bond 2025-06-18 -929347.52000000 USD -3652.48000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -3363.42000000 -0.00293800792 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -13042000.00000000 JPY 88139.94000000 USD 2025-05-28 -3363.42000000 N N N VERITIV OPERATING CO 5493004G8OK5L1UTIY12 92339LAA0 225000.00000000 PA USD 235304.78000000 0.205542961492 Long DBT CORP US N 2 2030-11-30 Fixed 10.50000000 N N N N N N EMRLD Borrower LP 5493000GJYE7GAQCUC61 26872NAD1 448872.18000000 PA USD 444291.44000000 0.388096571362 Long LON CORP US N 2 2031-08-04 Floating 6.79917000 N N N N N N Omnia Partners, LLC 254900ZD1P5CVG9GOS22 68218HAE7 273625.00000000 PA USD 272883.48000000 0.238368632466 Long LON CORP US N 2 2030-07-25 Floating 7.03262000 N N N N N N ACREC LLC N/A 00112HAG2 500000.00000000 PA USD 491137.50000000 0.429017448136 Long ABS-CBDO CORP US N 2 2042-08-18 Floating 6.61094000 N N N N N N Madison Iaq LLC 549300IXDNBXNHUPBU73 55759VAB4 200000.00000000 PA USD 198463.00000000 0.173361003404 Long LON CORP US N 2 2028-06-21 Floating 6.76221000 N N N N N N LD CELULOSE INTERNATIONA 529900EHUSQJVOTP9J45 50206BAA0 200000.00000000 PA USD 205600.00000000 0.179595301390 Long DBT CORP AT N 2 2032-01-26 Fixed 7.95000000 N N N N N N OPEN TEXT CORP 549300HP7ONDQODZJV16 683715AF3 550000.00000000 PA USD 566188.93000000 0.494576223382 Long DBT CORP CA N 2 2027-12-01 Fixed 6.90000000 N N N N N N JPMORGAN CHASE & CO 8I5DZWZKVSZI1NUHU748 46647PER3 250000.00000000 PA USD 244261.25000000 0.213366599279 Long DBT CORP US N 2 2035-10-22 Fixed 4.94600000 N N N N N N WMG ACQUISITION CORP 549300NAS11NXI33CP80 92933BAT1 250000.00000000 PA USD 231385.33000000 0.202119251355 Long DBT CORP US N 2 2029-12-01 Fixed 3.75000000 N N N N N N Freddie Mac - STACR N/A 3137G0HM4 297702.45000000 PA USD 309631.74000000 0.270468899151 Long ABS-MBS CORP US N 2 2028-05-25 Floating 14.96817000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 42224.88000000 0.036884192849 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1166181.24000000 USD 11660000.00000000 SEK 2025-05-28 42224.88000000 N N N Santander Bank Auto Credit-Lin N/A 80290CBB9 454448.33000000 PA USD 460226.82000000 0.402016412675 Long ABS-O CORP US N 2 2032-08-16 Fixed 11.91000000 N N N N N N Fannie Mae - CAS N/A 20753XAB0 500000.00000000 PA USD 517129.30000000 0.451721753363 Long ABS-MBS CORP US N 2 2042-03-25 Floating 7.85369000 N N N N N N BX Trust N/A 05609VAN5 400000.00000000 PA USD 393915.92000000 0.344092647738 Long ABS-MBS CORP US N 2 2036-09-15 Floating 6.43634000 N N N N N N HOLCIM FINANCE US LLC 529900FB2F1WKLFNGY62 43475RAC0 325000.00000000 PA USD 328489.50000000 0.286941492005 Long DBT CORP US N 2 2030-04-07 Fixed 4.95000000 N N N N N N REPUBLIC OF GHANA 213800PP4399SNNXZ126 374422AP8 200000.00000000 PA USD 136095.00000000 0.118881432601 Long DBT NUSS GH N 2 2035-07-03 Variable 5.00000000 N N N N N N STAR PARENT INC 254900GRGCJYRMDRWT73 855170AA4 350000.00000000 PA USD 354574.79000000 0.309727462430 Long DBT CORP US N 2 2030-10-01 Fixed 9.00000000 N N N N N REPUBLIC OF PARAGUAY 529900UXKJTJPCU0HK83 000000000 450000.00000000 PA USD 454275.00000000 0.396817390755 Long DBT NUSS PY N 2 2036-02-09 Fixed 6.00000000 N N N N N N OCP Euro CLO 635400NSID6FARUW3W95 000000000 300000.00000000 PA 339219.81000000 0.296314610966 Long ABS-CBDO CORP IE N 2 2034-09-22 Floating 4.43600000 N N N N N N SWCH Commercial Mortgage Trust N/A 78489CAA7 575000.00000000 PA USD 566040.24000000 0.494446339991 Long ABS-MBS CORP US N 2 2042-03-15 Floating 5.76476000 N N N N N N DC Commercial Mortgage Trust N/A 24023AAA8 335000.00000000 PA USD 346872.00000000 0.302998936692 Long ABS-MBS CORP US N 2 2040-09-12 Fixed 6.31430000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -42526.59000000 -0.03714774196 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -928000.00000000 GBP 1194339.71000000 USD 2025-05-28 -42526.59000000 N N N CRH AMERICA FINANCE INC 549300WEVUODRJ4CWK56 12636YAE2 250000.00000000 PA USD 253503.27000000 0.221439670132 Long DBT CORP US N 2 2034-05-21 Fixed 5.40000000 N N N N N N Lightning Power, LLC 254900BWCHJ03XRL8K59 53229LAB3 273625.00000000 PA USD 273411.57000000 0.238829928589 Long LON CORP US N 2 2031-08-18 Floating 6.54917000 N N N N N N ALPHABET INC 5493006MHB84DD0ZWV18 02079KAP2 250000.00000000 PA 283184.18000000 0.247366479359 Long DBT CORP US N 2 2029-05-06 Fixed 2.50000000 N N N N N N INDIA CLEANTECH ENERGY 254900DGTS4HHR3Q6F66 000000000 217250.00000000 PA USD 211421.27000000 0.184680285535 Long DBT CORP MU N 2 2026-08-10 Fixed 4.70000000 N N N N N N NNN REIT INC 5493008JKH5SOTI0JS97 637417AT3 175000.00000000 PA USD 175499.81000000 0.153302243535 Long DBT CORP US N 2 2034-06-15 Fixed 5.50000000 N N N N N N Freddie Mac - STACR 5493000IS4M3TZMRB410 35564KUW7 617660.11000000 PA USD 625257.82000000 0.546173962207 Long ABS-MBS CORP US N 2 2042-04-25 Floating 6.35369000 N N N N N N Fannie Mae - CAS N/A 20754BAF8 1075000.00000000 PA USD 1117986.03000000 0.976580924166 Long ABS-MBS CORP US N 2 2042-01-25 Floating 8.85369000 N N N N N N Fannie Mae - CAS N/A 20754RAJ5 800000.00000000 PA USD 832006.40000000 0.726772568906 Long ABS-MBS CORP US N 2 2041-10-25 Floating 10.35369000 N N N N N N CNTL AMR BOTTLING CORP N/A 000000000 266000.00000000 PA USD 254756.90000000 0.222534738506 Long DBT CORP VG N 2 2029-04-27 Fixed 5.25000000 N N N N N N Fannie Mae - CAS N/A 20754TAD4 450000.00000000 PA USD 448851.56000000 0.392079918278 Long ABS-MBS CORP US N 2 2045-02-25 Floating 5.95269000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -47543.92000000 -0.04153047004 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -11660000.00000000 SEK 1160862.20000000 USD 2025-05-28 -47543.92000000 N N N Cross Mortgage Trust N/A 22757GAF0 575000.00000000 PA USD 575208.50000000 0.502454980156 Long ABS-MBS CORP US N 2 2069-12-25 Variable 6.31500000 N N N N N N WaterBridge Midstream Operating LLC 549300DVU86VSP486341 94120XAF2 93203.32000000 PA USD 89267.81000000 0.077977039112 Long LON CORP US N 2 2029-06-27 Floating 9.05281000 N N N N N N Henley Funding Ltd. 635400SRJSVJPTMR4D89 000000000 250000.00000000 PA 281423.45000000 0.245828450005 Long ABS-CBDO CORP IE N 2 2034-04-25 Floating 4.25800000 N N N N N N Onslow Bay Financial LLC 254900W46UQEWQMYYZ02 67448UAC6 442164.20000000 PA USD 444613.70000000 0.388378071274 Long ABS-MBS CORP US N 2 2065-03-25 Variable 5.95800000 N N N N N N BX Trust N/A 05608KAJ9 350000.00000000 PA USD 347133.40000000 0.303227274298 Long ABS-MBS CORP US N 2 2038-05-15 Floating 6.38881000 N N N N N N Third Coast Infrastructure LLC 5493006R4EN78GPJ4M96 88412KAC6 271906.25000000 PA USD 266468.13000000 0.232764708747 Long LON CORP US N 2 2030-09-25 Floating 8.57162000 N N N N N N Freddie Mac - STACR 5493000ISONLNOUKGB71 35564KLU1 425000.00000000 PA USD 435889.99000000 0.380757753537 Long ABS-MBS CORP US N 2 2041-10-25 Floating 7.75369000 N N N N N N REPUBLIC OF NIGERIA 549300GSBZD84TNEQ285 000000000 200000.00000000 PA USD 179787.50000000 0.157047617941 Long DBT NUSS NG N 2 2028-09-28 Fixed 6.12500000 N N N N N N Consolidated Energy Finance SA 549300PUNIS0USNSL750 000000000 198000.00000000 PA USD 182831.22000000 0.159706362157 Long LON CORP LU N 2 2030-11-15 Floating 8.81324000 N N N N N N KKR Static CLO Ltd, KKR Static N/A 48255QAU7 268033.52000000 PA USD 267269.36000000 0.233464597576 Long ABS-CBDO CORP KY N 2 2031-07-20 Floating 5.24947000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 8775.01000000 0.007665129210 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -133070.66000000 USD 125000.00000000 EUR 2025-05-28 8775.01000000 N N N Freddie Mac - STACR 5493000ISONLNOUKGB71 35564KLV9 725000.00000000 PA USD 766882.82000000 0.669885949364 Long ABS-MBS CORP US N 2 2041-10-25 Floating 11.85369000 N N N N N N DUKE ENERGY CAROLINAS MWIUSDMN17TCR56VW396 26442CBP8 300000.00000000 PA USD 306186.49000000 0.267459411251 Long DBT CORP US N 2 2030-03-15 Fixed 4.85000000 N N N N N N McGraw-Hill Education Inc 254900U6YJ9QZ4IQOR26 58063DAF0 425241.94000000 PA USD 424748.66000000 0.371025601206 Long LON CORP US N 2 2031-08-06 Floating 7.57327000 N N N N N N Freddie Mac - STACR N/A 3137G0GZ6 293854.81000000 PA USD 302761.02000000 0.264467201538 Long ABS-MBS CORP US N 2 2028-04-25 Floating 13.81817000 N N N N N N Freddie Mac - STACR 5493000ISE4NWBTOSK36 35564KPN3 300000.00000000 PA USD 306917.91000000 0.268098319789 Long ABS-MBS CORP US N 2 2041-12-25 Floating 8.10369000 N N N N N N Freddie Mac - STACR 5493000IRI80KQJUNK40 35564KT58 266032.64000000 PA USD 269537.30000000 0.235445683996 Long ABS-MBS CORP US N 2 2043-04-25 Floating 6.45269000 N N N N N N SANTANDER HOLDINGS USA 549300SMVCQN2P0O6I58 80282KBM7 225000.00000000 PA USD 225745.24000000 0.197192531203 Long DBT CORP US N 2 2030-09-06 Fixed 5.35300000 N N N N N N ORGANON & CO/ORGANON FOR N/A 68622FAB7 200000.00000000 PA USD 184453.50000000 0.161123452943 Long DBT CORP US N 2 2034-05-15 Fixed 7.87500000 N N N N N N ROGERS COMMUNICATIONS IN 5493000M6Z4XFIP6PF03 775109DF5 350000.00000000 PA USD 345104.90000000 0.301455343030 Long DBT CORP CA N 2 2034-02-15 Fixed 5.30000000 N N N N N N Onslow Bay Financial LLC 254900MY906NOBBPOA44 67448PAC7 178620.09000000 PA USD 179007.84000000 0.156366570895 Long ABS-MBS CORP US N 2 2064-07-25 Variable 5.83000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 41467.51000000 0.036222616519 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -795549.77000000 USD 628000.00000000 GBP 2025-05-28 41467.51000000 N N N HUNGARY 5299003F3UFKGCCMAP43 000000000 400000.00000000 PA 441947.47000000 0.386049071369 Long DBT NUSS HU N 2 2034-06-16 Fixed 4.50000000 N N N N N N RELX CAPITAL INC 2R15C3RTKJN1RCBOV146 74949LAF9 175000.00000000 PA USD 177030.36000000 0.154639206515 Long DBT CORP US N 2 2030-03-27 Fixed 4.75000000 N N N N N N Santander Bank Auto Credit-Lin N/A 80290CAS3 5429.96000000 PA USD 5430.20000000 0.004743377459 Long ABS-O CORP US N 2 2032-05-15 Fixed 5.28100000 N N N N N N VB-S1 Issuer LLC N/A 91823ABG5 200000.00000000 PA USD 209959.34000000 0.183403263361 Long ABS-O CORP US N 2 2054-05-15 Fixed 8.87100000 N N N N N N SYNOPSYS INC QG7T915N9S0NY5UKNE63 871607AD9 180000.00000000 PA USD 181343.25000000 0.158406593574 Long DBT CORP US N 2 2032-04-01 Fixed 5.00000000 N N N N N N CITIGROUP INC 6SHGI4ZSSLCXXQSBB395 17327CAQ6 175000.00000000 PA USD 153800.41000000 0.134347426984 Long DBT CORP US N 2 2033-01-25 Fixed 3.05700000 N N N N N N EMRLD BOR / EMRLD CO-ISS N/A 26873CAB8 150000.00000000 PA USD 153135.13000000 0.133766292927 Long DBT CORP US N 2 2031-07-15 Fixed 6.75000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 20754KAJ0 675000.00000000 PA USD 705091.64000000 0.615910241215 Long ABS-MBS CORP US N 2 2041-11-25 Floating 10.55369000 N N N N N N SOCIETE GENERALE O2RNE8IBXP4R0TD8PU41 000000000 400000.00000000 PA 418817.90000000 0.365844975575 Long DBT CORP FR N 2 2029-06-12 Fixed 0.50000000 N N N N N N Fannie Mae - CAS N/A 20755JAG8 400000.00000000 PA USD 391655.68000000 0.342118287407 Long ABS-MBS CORP US N 2 2045-01-25 Floating 6.05269000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -58372.33000000 -0.05098928112 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -3248000.00000000 EUR 3627345.67000000 USD 2025-05-28 -58372.33000000 N N N CITGO PETROLEUM CORP YX52P86PXMLYDOTUQ225 17302XAM8 225000.00000000 PA USD 224010.63000000 0.195677318140 Long DBT CORP US N 2 2026-06-15 Fixed 6.37500000 N N N N N N IVORY COAST 254900ICW11T82O6H590 000000000 200000.00000000 PA USD 184376.80000000 0.161056454112 Long DBT NUSS CI N 2 2037-01-30 Fixed 8.25000000 N N N N N N W & T OFFSHORE INC 549300Q7EOY2YIO3YK85 92922PAN6 325000.00000000 PA USD 256571.84000000 0.224120121270 Long DBT CORP US N 2 2029-02-01 Fixed 10.75000000 N N N N N MIC Glen LLC 549300XD843A2SP50882 55304PAG6 382167.19000000 PA USD 382704.13000000 0.334298947329 Long LON CORP US N 2 2028-07-21 Floating 7.82162000 N N N N N N JAB HOLDINGS BV 529900RRNKUM3INJGF98 000000000 300000.00000000 PA 362710.42000000 0.316834081699 Long DBT CORP NL N 2 2033-06-12 Fixed 5.00000000 N N N N N N Regatta XVI Funding Ltd. 254900XPJFGKL5R4O429 75888TAS4 250000.00000000 PA USD 248499.50000000 0.217068786955 Long ABS-CBDO CORP KY N 2 2033-01-15 Floating 6.15610000 N N N N N N FIESTA PURCHASER INC N/A 31659AAB2 200000.00000000 PA USD 209626.40000000 0.183112434277 Long DBT CORP US N 2 2032-09-15 Fixed 9.62500000 N N N N N N Bangl LLC 549300PM5ZCKF0QY2J26 05989UAC1 123746.20000000 PA USD 124017.20000000 0.108331256866 Long LON CORP US N 2 2029-02-01 Floating 8.78788000 N N N N N N LAZARD GROUP LLC FI94J2CJ1D7BIGVMS874 52107QAL9 150000.00000000 PA USD 154553.11000000 0.135004923985 Long DBT CORP US N 2 2031-03-15 Fixed 6.00000000 N N N N N N BOPARAN FINANCE PLC 213800GQSQIOBR3DHN70 000000000 150000.00000000 PA 193040.76000000 0.168624579148 Long DBT CORP GB N 2 2029-11-07 Fixed 9.37500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 59487.55000000 0.051963445871 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -2431505.88000000 USD 355042000.00000000 JPY 2025-05-28 59487.55000000 N N N REPUBLIC OF GUATEMALA 529900QKDFFU9UWW5315 000000000 250000.00000000 PA USD 249516.89000000 0.217957495436 Long DBT NUSS GT N 2 2037-02-06 Fixed 6.55000000 N N N N N N TDF INFRASTRUCTURE SAS 969500BWNQ1B0PI06I59 000000000 300000.00000000 PA 341280.10000000 0.298114311372 Long DBT CORP FR N 2 2031-10-23 Fixed 4.12500000 N N N N N N Freddie Mac - STACR 5493000IRLADKYZNON28 35564KB24 249568.18000000 PA USD 254783.46000000 0.222557939144 Long ABS-MBS CORP US N 2 2042-07-25 Floating 7.00369000 N N N N N N Fannie Mae - CAS N/A 20753YAL6 200000.00000000 PA USD 222098.80000000 0.194007300216 Long ABS-MBS CORP US N 2 2042-03-25 Floating 13.85369000 N N N N N N REPUBLIC OF SRI LANKA 254900IG6Y30I2QE2R92 000000000 225000.00000000 PA USD 159187.50000000 0.139053147082 Long DBT NUSS LK N 2 2038-02-15 Variable 3.60000000 N N N N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 61748UAE2 225000.00000000 PA USD 229473.88000000 0.200449565369 Long DBT CORP US N 2 2031-01-15 Fixed 5.23000000 N N N N N N Arini European CLO 635400HMSNVNUMMBE111 000000000 300000.00000000 PA 340988.08000000 0.297859226645 Long ABS-CBDO CORP IE N 2 2036-07-15 Floating 6.22900000 N N N N N N UNITED MEXICAN STATES 254900EGTWEU67VP6075 91087BAV2 425000.00000000 PA USD 423732.65000000 0.370138098180 Long DBT NUSS MX N 2 2035-02-09 Fixed 6.35000000 N N N N N N Alpha Generation LLC 254900K5V62L4YGVKF49 02072UAC6 323375.00000000 PA USD 323808.32000000 0.282852397000 Long LON CORP US N 2 2031-09-30 Floating 7.07162000 N N N N N N Ally Bank Auto Credit-Linked N N/A 02007G4E0 523534.11000000 PA USD 523056.54000000 0.456899304210 Long ABS-O CORP US N 2 2032-09-15 Fixed 5.41000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -22164.07000000 -0.01936071416 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1245000.00000000 AUD 775553.45000000 USD 2025-05-28 -22164.07000000 N N N Driven Brands Funding, LLC N/A 26209XAD3 235398.04000000 PA USD 219526.02000000 0.191759930569 Long ABS-O CORP US N 2 2051-10-20 Fixed 2.79100000 N N N N N N TESCO CORP TREASURY SERV 21380018AJDKNF3A6712 000000000 325000.00000000 PA 386445.62000000 0.337567206201 Long DBT CORP GB N 2 2031-02-27 Fixed 4.25000000 N N N N N N REPUBLIC OF NIGERIA 549300GSBZD84TNEQ285 000000000 250000.00000000 PA USD 235480.00000000 0.205696019316 Long DBT NUSS NG N 2 2027-11-28 Fixed 6.50000000 N N N N N N AUTOSTRADE PER L'ITALIA 815600149448CEB9B230 000000000 250000.00000000 PA 292049.30000000 0.255110321276 Long DBT CORP IT N 2 2032-06-28 Fixed 4.25000000 N N N N N N PRIME HEALTHCARE SERVICE N/A 74165HAC2 425000.00000000 PA USD 405569.27000000 0.354272058757 Long DBT CORP US N 2 2029-09-01 Fixed 9.37500000 N N N N N N PAYDEN CASH RESERVES MONEY MARKET N/A 000000000 2261952.08000000 NS USD 2261952.08000000 1.975855863518 Long STIV CORP US N 1 N N Oak Street Investment Grade Ne N/A 67181DAE1 496458.33000000 PA USD 478137.53000000 0.417661740304 Long ABS-O CORP US N 2 2050-11-20 Fixed 3.39000000 N N N N N N CENTENE CORP 549300Z7JJ4TQSQGT333 15135BAV3 150000.00000000 PA USD 136751.07000000 0.119454521557 Long DBT CORP US N 2 2030-02-15 Fixed 3.37500000 N N N N N N MIDCONTINENT COMMUNICATI 549300ZI9GDQBS28C408 59565XAD2 225000.00000000 PA USD 229668.30000000 0.200619394739 Long DBT CORP US N 2 2032-08-15 Fixed 8.00000000 N N N N N N REPUBLIC OF ARGENTINA 549300KPBYGYF7HCHO27 040114HT0 250000.00000000 PA USD 167345.95000000 0.146179700033 Long DBT NUSS AR N 2 2035-07-09 Variable 4.12500000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -127060.81000000 -0.11098990499 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1522000.00000000 EUR 1600052.12000000 USD 2025-05-28 -127060.81000000 N N N Fannie Mae - CAS N/A 20754JAC8 270183.75000000 PA USD 275912.13000000 0.241014212766 Long ABS-MBS CORP US N 2 2039-09-25 Floating 8.21817000 N N N N N N KEHE DIST/FIN / NEXTWAVE N/A 487526AC9 325000.00000000 PA USD 332881.58000000 0.290778052955 Long DBT CORP US N 2 2029-02-15 Fixed 9.00000000 N N N N N N SBA TOWER TRUST N/A 78403DAZ3 450000.00000000 PA USD 460693.71000000 0.402424249495 Long DBT CORP US N 2 2028-01-15 Fixed 6.59900000 N N N N N N Life Financial Services Trust N/A 53218DAA6 375000.00000000 PA USD 363088.43000000 0.317164280240 Long ABS-MBS CORP US N 2 2039-05-15 Floating 5.61710000 N N N N N N IHS HOLDING LTD 213800CLGMKL63VKTD94 44963HAD7 200000.00000000 PA USD 193090.00000000 0.168667591174 Long DBT CORP KY N 2 2031-11-29 Fixed 8.25000000 N N N N N N Fannie Mae - CAS N/A 20753XAF1 500000.00000000 PA USD 539425.45000000 0.471197841783 Long ABS-MBS CORP US N 2 2042-03-25 Floating 10.60369000 N N N N N N JUNIPER RECEIVABLES 2023-1 DAC 635400VPHEPHO9HXX694 481941102 10.00000000 NS USD 265595.22000000 0.232002206147 Long EC CORP IE N 2 N N N Buckhorn Park CLO, Ltd. N/A 118382BA7 500000.00000000 PA USD 497505.50000000 0.434580010778 Long ABS-CBDO CORP KY N 2 2034-07-18 Floating 5.33947000 N N N N N N LETRA TESOURO NACIONAL 254900ZFY40OYEADAP90 000000000 35000000.00000000 PA 6032037.89000000 5.269093690933 Long DBT NUSS BR N 2 2025-07-01 None 0.00000000 N N N N N N GLOBAL MARINE INC N/A 379352AL1 260000.00000000 PA USD 224341.00000000 0.195965902282 Long DBT CORP US N 2 2028-06-01 Fixed 7.00000000 N N N N N N BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 000000000 375.00000000 NC USD 639511.84000000 0.558625105291 N/A DIR CORP US N 1 BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 Long US TREASURY N/B United States Treasury Note/Bond 2025-06-30 77416152.41000000 USD 639511.84000000 N N N STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 000000000 1.00000000 NC USD 51015.97000000 0.044563368229 N/A DFE CORP US N 2 STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 -6358044.67000000 USD 5640000.00000000 EUR 2025-06-18 51015.97000000 N N N UZBEKISTAN INTL BOND 213800L6VDKUM3TCM927 000000000 250000.00000000 PA USD 250400.00000000 0.218728907919 Long DBT NUSS UZ N 2 2032-02-28 Fixed 6.90000000 N N N N N N US TREASURY N/B 254900HROIFWPRGM1V77 91282CMV0 3300000.00000000 PA USD 3315597.65000000 2.896234237561 Long DBT UST US N 2 2027-03-31 Fixed 3.87500000 N N N N N N TRANSDIGM INC 88Q84GB3X55CF5OC7582 89364MCA0 199497.49000000 PA USD 197760.86000000 0.172747671473 Long LON CORP US N 2 2031-02-28 Floating 6.81680000 N N N N N N BX Trust N/A 12433KAC1 425000.00000000 PA USD 420916.77000000 0.367678376306 Long ABS-MBS CORP US N 2 2042-03-15 Floating 6.21443000 N N N N N N OPAL BIDCO SAS 969500R96XT7XY2UJ564 000000000 250000.00000000 PA 282220.90000000 0.246525036937 Long DBT CORP FR N 2 2032-03-31 Fixed 5.50000000 N N N N N N HUNTINGTON BANCSHARES 549300XTVCVV9I7B5T19 446150BE3 225000.00000000 PA USD 226763.60000000 0.198082086996 Long DBT CORP US N 2 2031-01-15 Fixed 5.27200000 N N N N N N BEACON ROOFING SUPPLY IN 549300HDXQWWCBOYXP31 74825NAA5 225000.00000000 PA USD 226144.45000000 0.197541248325 Long DBT CORP US N 2 2032-04-30 Fixed 6.75000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XCR3 49466.36000000 PA USD 53545.23000000 0.046772722373 Long ABS-MBS CORP US N 2 2028-10-25 Floating 16.21817000 N N N N N N Evergreen AcqCo 1 LP 549300F6POVHG3ME8T95 30015FAG1 392540.93000000 PA USD 390904.03000000 0.341461707601 Long LON CORP US N 2 2028-04-26 Floating 8.05267000 N N N N N N GOLDMAN SACHS GROUP INC 784F5XWPLTWKTBV3E584 38141GZM9 325000.00000000 PA USD 286720.73000000 0.250455719452 Long DBT CORP US N 2 2033-02-24 Fixed 3.10200000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -24905.50000000 -0.02175540262 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -132900000.00000000 JPY 907527.92000000 USD 2025-05-28 -24905.50000000 N N N REPUBLIC OF GUATEMALA 529900QKDFFU9UWW5315 000000000 425000.00000000 PA USD 415684.98000000 0.363108313554 Long DBT NUSS GT N 2 2027-06-05 Fixed 4.37500000 N N N N N N CENTENE CORP 549300Z7JJ4TQSQGT333 15135BAW1 175000.00000000 PA USD 153852.09000000 0.134392570394 Long DBT CORP US N 2 2030-10-15 Fixed 3.00000000 N N N N N N Fannie Mae - CAS N/A 20754RAF3 575000.00000000 PA USD 584763.73000000 0.510801645582 Long ABS-MBS CORP US N 2 2041-10-25 Floating 7.45369000 N N N N N N Freddie Mac - STACR 529900ZTXRUUVE8G8W08 35564K3G2 144925.81000000 PA USD 145656.86000000 0.127233889452 Long ABS-MBS CORP US N 2 2043-11-25 Floating 6.20369000 N N N N N N PBF HOLDING CO LLC N/A 69318FAM0 300000.00000000 PA USD 264416.01000000 0.230972144983 Long DBT CORP US N 2 2030-03-15 Fixed 9.87500000 N N N N N IRON MOUNTAIN INC SQL3F6CKNNBM3SQGHX24 46284NAV1 198343.23000000 PA USD 197748.20000000 0.172736612735 Long LON CORP US N 2 2031-01-31 Floating 6.42420000 N N N N N N BLUE OWL CAPITAL CORP 2549000BD79OOCPF2L94 69121KAE4 75000.00000000 PA USD 72923.78000000 0.063700234667 Long DBT CORP US N 2 2026-07-15 Fixed 3.40000000 N N N N N N ARES CLO Ltd N/A 04009BAN8 1000000.00000000 PA USD 996665.00000000 0.870604820334 Long ABS-CBDO CORP KY N 2 2036-07-25 Floating 5.55177000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95000U3D3 425000.00000000 PA USD 426872.17000000 0.372880525420 Long DBT CORP US N 2 2034-04-24 Fixed 5.38900000 N N N N N N Santander Bank Auto Credit-Lin N/A 80290CAT1 3393.73000000 PA USD 3396.43000000 0.002966842750 Long ABS-O CORP US N 2 2032-05-15 Fixed 7.37500000 N N N N N N BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 000000000 1.00000000 NC USD 1862.93000000 0.001627302893 N/A DFE CORP US N 2 BNP PARIBAS SECURITIES CORP. RCNB6OTYUAMMP879YW96 -104805.02000000 USD 94000.00000000 EUR 2025-05-28 1862.93000000 N N N EXETER AUTOMOBILE RECEIVABLES TRUST 2021-2 N/A 30166RAJ6 10.01000000 NS USD 509102.50000000 0.444710199058 Long EC CORP US N 2 N N N VB-S1 Issuer LLC N/A 91823ABE0 200000.00000000 PA USD 206231.12000000 0.180146596072 Long ABS-O CORP US N 2 2054-05-15 Fixed 6.64400000 N N N N N N Payden Cash Reserves Money Market Fund 549300SI0EB26HO5RT16 704329598 1300451.77000000 NS USD 1300451.77000000 1.135968032964 Long STIV RF US N 1 N N N Freddie Mac - STACR 5493000KIGZAWUOW4E32 35564K2F5 233733.27000000 PA USD 235027.99000000 0.205301180444 Long ABS-MBS CORP US N 2 2043-06-25 Floating 6.35369000 N N N N N N Beechwood Park CLO Ltd. N/A 07355TAU6 1000000.00000000 PA USD 1000000.00000000 0.873518002874 Long ABS-CBDO CORP KY N 2 2035-01-17 Floating 5.57979000 N N N N N N Fannie Mae - CAS N/A 20753MAE8 421239.68000000 PA USD 439505.77000000 0.383916202462 Long ABS-MBS CORP US N 2 2031-09-25 Floating 8.56817000 N N N N N N BANC CREDITO INVERSIONES 549300E9E5Y3PKW24142 05890MAC7 200000.00000000 PA USD 207426.00000000 0.181190345264 Long DBT CORP CL N 2 N/A Fixed 8.75000000 N N N N N N CAPITAL ONE FINANCIAL CO ZUE8T73ROZOF6FLBAR73 14040HDJ1 150000.00000000 PA USD 148191.36000000 0.129447820830 Long DBT CORP US N 2 2036-01-30 Fixed 6.18300000 N N N N N N DELTA AIR LINES/SKYMILES N/A 830867AB3 325000.00000000 PA USD 323110.02000000 0.282242419378 Long DBT CORP N/A N 2 2028-10-20 Fixed 4.75000000 N N N N N N SURGERY CENTER HOLDINGS 54930054EVI5HWPPW113 86881WAF9 425000.00000000 PA USD 424566.76000000 0.370866708281 Long DBT CORP US N 2 2032-04-15 Fixed 7.25000000 N N N N N N STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 000000000 1.00000000 NC USD -746845.07000000 -0.65238261400 N/A DFE CORP US N 2 STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 -16528000.00000000 EUR 18034884.39000000 USD 2025-06-18 -746845.07000000 N N N BUBBLES HOLDCO SPA 815600073942740CEB24 000000000 250000.00000000 PA 283525.41000000 0.247664549907 Long DBT CORP IT N 2 2031-09-30 Fixed 6.50000000 N N N N N N PETROLEOS MEXICANOS 549300CAZKPF4HKMPX17 000000000 100000.00000000 PA 112378.61000000 0.098164738972 Long DBT CORP MX N 2 2025-11-24 Fixed 3.62500000 N N N N N N Terex Corporation YAWJZJYEQ7M1SYMOS462 88078FBM9 375000.00000000 PA USD 375000.00000000 0.327569251077 Long LON CORP US N 2 2031-10-08 Floating 6.29917000 N N N N N N Leia Finco US LLC N/A 52526CAB5 125000.00000000 PA USD 124418.75000000 0.108682018020 Long LON CORP US N 2 2031-10-09 Floating 7.45759000 N N N N N N Freddie Mac - STACR N/A 3137G0GM5 247267.31000000 PA USD 248304.20000000 0.216898188889 Long ABS-MBS CORP US N 2 2028-03-25 Floating 13.26817000 N N N N N N Magnetite CLO Ltd 5493000OP4ZUZOOM1U45 55954KBA2 300000.00000000 PA USD 297813.00000000 0.260145016989 Long ABS-CBDO CORP KY N 2 2034-04-17 Floating 6.02979000 N N N N N N WESTERN MIDSTREAM OPERAT L6D8A6MLSY454J2JXJ60 958667AG2 150000.00000000 PA USD 142627.72000000 0.124587881128 Long DBT CORP US N 2 2034-11-15 Fixed 5.45000000 N N N N N N QUIKRETE HOLDINGS INC 5493007KIN86DIZWZT22 74843PAB6 175000.00000000 PA USD 175807.77000000 0.153571252140 Long DBT CORP US N 2 2033-03-01 Fixed 6.75000000 N N N N N N HOLCIM FINANCE US LLC 529900FB2F1WKLFNGY62 43475RAD8 200000.00000000 PA USD 200012.36000000 0.174714397257 Long DBT CORP US N 2 2035-04-07 Fixed 5.40000000 N N N N N N GENERAL MOTORS FINL CO 5493008B6JBRUJ90QL97 37045XEZ5 350000.00000000 PA USD 344396.23000000 0.300836307026 Long DBT CORP US N 2 2029-10-06 Fixed 4.90000000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -175821.23000000 -0.15358300969 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -3096000.00000000 CHF 3587980.38000000 USD 2025-05-28 -175821.23000000 N N N EXTRA SPACE STORAGE LP 549300YNKSKNZFR8UC42 30225VAU1 250000.00000000 PA USD 245546.81000000 0.214489559083 Long DBT CORP US N 2 2035-06-15 Fixed 5.40000000 N N N N N N Flynn Restaurant Group LP 5493008VE8TQONGO3817 34410JAG6 170000.00000000 PA USD 166441.05000000 0.145389253592 Long LON CORP US N 2 2032-01-28 Floating 8.07162000 N N N N N N EMPIRE COMMUNITIES CORP 549300JM1L6KK2QFP273 29163VAG8 175000.00000000 PA USD 170966.25000000 0.149342097258 Long DBT CORP CA N 2 2029-05-01 Fixed 9.75000000 N N N N N N FRONTIER COMMUNICATIONS N/A 35906ABF4 200000.00000000 PA USD 198108.78000000 0.173051585857 Long DBT CORP US N 2 2028-05-01 Fixed 5.00000000 N N N N N N BE SEMICONDUCTOR 7245007A1YFLI2GNYX06 000000000 200000.00000000 PA 230410.93000000 0.201268095413 Long DBT CORP NL N 2 2031-07-15 Fixed 4.50000000 N N N N N N Fannie Mae - CAS B1V7KEBTPIMZEU4LTD58 30711XDB7 98353.78000000 PA USD 105193.81000000 0.091888686825 Long ABS-MBS CORP US N 2 2029-01-25 Floating 14.71817000 N N N N N N MINERVA LUXEMBOURG SA 222100NM3G3RCPGZ2Z17 000000000 225000.00000000 PA USD 240157.80000000 0.209782161830 Long DBT CORP LU N 2 2033-09-13 Fixed 8.87500000 N N N N N N Diamond Infrastructure Funding N/A 25265LAC4 150000.00000000 PA USD 141353.54000000 0.123474861959 Long ABS-O CORP US N 2 2049-04-15 Fixed 2.35500000 N N N N N N ADVANTAGE SALES & MARKET 549300T4O24KQDED1182 00775PAA5 195000.00000000 PA USD 157211.79000000 0.137327328829 Long DBT CORP US N 2 2028-11-15 Fixed 6.50000000 N N N N N N Valley Stream Park CLO, Ltd 213800DEME82SWN32S20 92013AAX7 800000.00000000 PA USD 792966.40000000 0.692670426074 Long ABS-CBDO CORP JE N 2 2037-01-20 Floating 6.11947000 N N N N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 207885.51000000 0.181591735521 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -5997011.67000000 USD 5468000.00000000 EUR 2025-05-28 207885.51000000 N N N ARES Commercial Mortgage Trust N/A 04021EAA4 320000.00000000 PA USD 320264.90000000 0.279757155838 Long ABS-MBS CORP US N 2 2034-10-15 Floating 5.76486000 N N N N N N Fannie Mae - CAS N/A 20754TAB8 396754.57000000 PA USD 395213.06000000 0.345225722880 Long ABS-MBS CORP US N 2 2045-02-25 Floating 5.35269000 N N N N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD -44864.11000000 -0.03918960776 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -628000.00000000 GBP 792153.17000000 USD 2025-05-28 -44864.11000000 N N N STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 000000000 1.00000000 NC USD -36993.64000000 -0.03231461053 N/A DFE CORP US N 2 STATE STREET GLOBAL MARKETS, LLC 549300FDEDF5ORXCMQ56 -935000.00000000 GBP 1209313.67000000 USD 2025-06-18 -36993.64000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -200396.35000000 -0.17504981943 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -35111000.00000000 BRL 5901004.62000000 USD 2025-06-27 -200396.35000000 N N N MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC USD 105419.43000000 0.092085769957 N/A DFE CORP US N 2 MORGAN STANLEY & CO. LLC 9R7GPTSO7KV3UQJZQ078 -1997993.21000000 USD 299800000.00000000 JPY 2025-05-28 105419.43000000 N N N BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 000000000 -35.00000000 NC USD -46246.33000000 -0.04039700182 N/A DIR CORP US N 1 BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 Short US TREASURY N/B United States Treasury Note/Bond 2025-06-18 -3881409.92000000 USD -46246.33000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD -14846.37000000 -0.01296857147 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -12525000.00000000 NOK 1189104.10000000 USD 2025-05-28 -14846.37000000 N N N HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 000000000 1.00000000 NC USD 38548.89000000 0.033673149405 N/A DFE CORP US N 2 HSBC SECURITIES (USA) INC. CYYGQCGNHMHPSMRL3R97 -1185258.71000000 USD 1910000.00000000 AUD 2025-05-28 38548.89000000 N N N EXPAND ENERGY CORP X2MT1W32SPAZ9WSKLE78 165167DH7 125000.00000000 PA USD 123425.26000000 0.107814186619 Long DBT CORP US N 2 2035-01-15 Fixed 5.70000000 N N N N N N OCP CLO Ltd N/A 671026AQ5 300000.00000000 PA USD 295778.40000000 0.258367757261 Long ABS-CBDO CORP KY N 2 2037-01-17 Floating 5.98168000 N N N N N N SAGAX AB 549300LJX28T6OM8DT95 000000000 200000.00000000 PA 235261.11000000 0.205504814961 Long DBT CORP SE N 2 2030-05-29 Fixed 4.37500000 N N N N N N Freddie Mac - STACR 529900PGKDI4ZEXFQ523 35564NCA9 350000.00000000 PA USD 351136.10000000 0.306723704808 Long ABS-MBS CORP US N 2 2044-03-25 Floating 6.35369000 N N N N N N FLUTTER TREASURY DAC 635400JE8VLL9UFVIC38 000000000 350000.00000000 PA 411343.75000000 0.359316170994 Long DBT CORP IE N 2 2029-04-29 Fixed 5.00000000 N N N N N N EDGE FINCO PLC 648835NI8LJE5190NT73 000000000 150000.00000000 PA 203328.37000000 0.177610991690 Long DBT CORP GB N 2 2031-08-15 Fixed 8.12500000 N N N N N N BANK OF AMERICA CORP 9DJT3UXIJIZJI4WXO774 06051GML0 75000.00000000 PA USD 76421.21000000 0.066755302736 Long DBT CORP US N 2 2031-01-24 Fixed 5.16200000 N N N N N N ENTEGRIS INC IYX6OWO7BT5DKO3BYG52 29365BAA1 200000.00000000 PA USD 194899.34000000 0.170248082238 Long DBT CORP US N 2 2029-04-15 Fixed 4.75000000 N N N N N N BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 000000000 -2.00000000 NC USD 1641.18000000 0.001433600275 N/A DIR CORP US N 1 BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 Short US TREASURY N/B United States Treasury Note/Bond 2025-06-18 -243703.68000000 USD 1641.18000000 N N N Exeter Automobile Receivables N/A 30165BAG8 450000.00000000 PA USD 445992.12000000 0.389582145959 Long ABS-O CORP US N 2 2031-02-18 Fixed 5.06000000 N N N N N N BROADCOM INC 549300WV6GIDOZJTV909 11135FBX8 175000.00000000 PA USD 178477.48000000 0.155903291887 Long DBT CORP US N 2 2029-07-12 Fixed 5.05000000 N N N N N N FREEDOM MORTGAGE HOLD 254900ROJ91RGM43S156 35641AAA6 100000.00000000 PA USD 101956.50000000 0.089060838260 Long DBT CORP US N 2 2029-02-01 Fixed 9.25000000 N N N N N N CPPIB OVM MEMBER US LLC N/A 12673CAB0 149250.13000000 PA USD 148441.19000000 0.129666051833 Long LON CORP US N 2 2031-08-20 Floating 7.08000000 N N N N N N Dragon Buyer, Inc. 2549006V6EIUFGF2Y127 26143FAB5 199500.00000000 PA USD 198602.25000000 0.173482640786 Long LON CORP US N 2 2031-09-30 Floating 7.29917000 N N N N N N OCEANICA LUX 635400VU48WVABC1TO64 000000000 200000.00000000 PA USD 179730.00000000 0.156997390656 Long DBT CORP LU N 2 2029-10-02 Fixed 13.00000000 N N N N N N AXON ENTERPRISE INC 549300QP2IEEGFE16681 05464CAC5 150000.00000000 PA USD 152985.57000000 0.133635649574 Long DBT CORP US N 2 2030-03-15 Fixed 6.12500000 N N N N N N Fannie Mae - CAS N/A 20753YAF9 800000.00000000 PA USD 848086.72000000 0.740819017918 Long ABS-MBS CORP US N 2 2042-03-25 Floating 9.60369000 N N N N N N MILLICOM INTL CELLULAR 549300CTHC1CP86P2G96 000000000 325000.00000000 PA USD 289700.03000000 0.253058191638 Long DBT CORP LU N 2 2031-04-27 Fixed 4.50000000 N N N N N N Carlyle Global Market Strategi 549300N3CJKPCWZ7KX23 14312HBE5 1000000.00000000 PA USD 996037.00000000 0.870056251028 Long ABS-CBDO CORP KY N 2 2034-04-20 Floating 5.35947000 N N N N N N BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 000000000 -25.00000000 NC USD -35349.28000000 -0.03087823246 N/A DIR CORP US N 1 BOARD OF TRADE OF THE CITY OF CHICAGO, INC. 549300EX04Q2QBFQTQ27 Short US TREASURY N/B United States Treasury Note/Bond 2025-06-18 -2833010.22000000 USD -35349.28000000 N N N Truist Insurance Holdings, LLC N/A 89788VAE2 178947.37000000 PA USD 178880.26000000 0.156255127468 Long LON CORP US N 2 2032-05-06 Floating 9.04917000 N N N N N N Diamond Infrastructure Funding N/A 25265LAE0 500000.00000000 PA USD 470943.90000000 0.411377974993 Long ABS-O CORP US N 2 2049-04-15 Fixed 3.47500000 N N N N N N BOEING CO/THE RVHJWBXLJ1RFUBSY1F30 097023DQ5 25000.00000000 PA USD 26304.98000000 0.022977873595 Long DBT CORP US N 2 2029-05-01 Fixed 6.29800000 N N N N N N PARAMOUNT GLOBAL 5KYC8KF17ROCY24M3H09 92556HAB3 95000.00000000 PA USD 91941.22000000 0.080312310876 Long DBT CORP US N 2 2031-01-15 Fixed 4.95000000 N N N N N N Freddie Mac - STACR 5493000ISHRHX47NOH65 35564KKK4 1075000.00000000 PA USD 1094544.79000000 0.956104579016 Long ABS-MBS CORP US N 2 2041-09-25 Floating 7.70369000 N N N N N N MUTHOOT FINANCE LTD 335800HAMJMBFL4RRF02 62828L2C6 225000.00000000 PA USD 223628.37000000 0.195343407148 Long DBT CORP IN N 2 2028-02-14 Fixed 7.12500000 N N N N N N VB-S1 Issuer LLC N/A 91823ABA8 300000.00000000 PA USD 283070.82000000 0.247267457358 Long ABS-O CORP US N 2 2052-02-15 Fixed 5.26800000 N N N N N N ORGANON & CO/ORGANON FOR N/A 68622TAB7 225000.00000000 PA USD 189031.75000000 0.165122636739 Long DBT CORP US N 2 2031-04-30 Fixed 5.12500000 N N N N N Santander Drive Auto Receivabl N/A 80286QAB5 371760.31000000 PA USD 373967.15000000 0.326667038008 Long ABS-O CORP US N 2 2028-04-18 Fixed 10.40000000 N N N N N N Freddie Mac - STACR 5493000IS4CDPWRMWB65 35564KWS4 325182.07000000 PA USD 330252.89000000 0.288481844916 Long ABS-MBS CORP US N 2 2042-05-25 Floating 6.55369000 N N N N N N ICE FUTURES EUROPE 549300UF4R84F48NCH34 000000000 -2.00000000 NC -7160.33000000 -0.00625467716 N/A DIR CORP GB N 1 ICE FUTURES EUROPE 549300UF4R84F48NCH34 Short UNITED KINGDOM GILT United Kingdom Gilt 2025-06-26 -235467.94000000 USD -7160.33000000 N N N SANTANDER DRIVE AUTO RECEIVABLES TRUST 2024-S2 N/A 80287MAD9 19.80000000 NS USD 337458.70000000 0.294776249676 Long EC CORP US N 2 N N N OVH GROUPE SAS 9695001J8OSOVX4TP939 000000000 275000.00000000 PA 315408.45000000 0.275514959333 Long DBT CORP FR N 2 2031-02-05 Fixed 4.75000000 N N N N N N MIDAS OPCO HOLDINGS LLC 984500904E015Z0C1F82 59565JAA9 275000.00000000 PA USD 259836.06000000 0.226971476205 Long DBT CORP US N 2 2029-08-15 Fixed 5.62500000 N N N N N N Freddie Mac - STACR 5493000ISA3AUOXQEF68 35564KSJ9 350000.00000000 PA USD 365854.16000000 0.319580195186 Long ABS-MBS CORP US N 2 2042-02-25 Floating 9.10369000 N N N N N N MINERVA LUXEMBOURG SA 222100NM3G3RCPGZ2Z17 603374AH2 200000.00000000 PA USD 213473.60000000 0.186473032738 Long DBT CORP LU N 2 2033-09-13 Fixed 8.87500000 N N N N N N Arbour CLO 635400S59B1EE8UDJW07 000000000 800000.00000000 PA 902112.92000000 0.788011876245 Long ABS-CBDO CORP IE N 2 2038-12-15 Floating 4.85100000 N N N N N N AMERICOLD REALTY OPER PA 549300FKD9KVWNHSUU79 03063UAB7 275000.00000000 PA USD 275397.94000000 0.240565058544 Long DBT CORP US N 2 2032-05-15 Fixed 5.60000000 N N N N N N DOMINICAN REPUBLIC 254900EHU7Q8FGVPI369 000000000 275000.00000000 PA USD 276760.00000000 0.241754842475 Long DBT NUSS DO N 2 2027-01-25 Fixed 5.95000000 N N N N N N KREF 2022-Fl3 Ltd 549300DG0FGL1EU1CT79 48275EAA4 307255.22000000 PA USD 307239.33000000 0.268379085945 Long ABS-CBDO CORP KY N 2 2039-02-17 Floating 5.76859000 N N N N N N FREEDOM MORTGAGE HOLD 254900ROJ91RGM43S156 35641AAB4 280000.00000000 PA USD 283451.56000000 0.247600040602 Long DBT CORP US N 2 2031-05-15 Fixed 9.12500000 N N N N N N EUREX CLEARING AKTIENGESELLSCHAFT 529900LN3S50JPU47S06 000000000 -31.00000000 NC -55857.67000000 -0.04879268034 N/A DIR CORP DE N 1 EUREX CLEARING AKTIENGESELLSCHAFT 529900LN3S50JPU47S06 Short BUNDESREPUB. DEUTSCHLAND Bundesrepublik Deutschland Bundesanleihe 2025-06-06 -4373960.36000000 USD -55857.67000000 N N N MORGAN STANLEY IGJSJL3JD5P30I6NJZ34 61747YFY6 550000.00000000 PA USD 557597.30000000 0.487071279903 Long DBT CORP US N 2 2029-04-12 Fixed 4.99400000 N N N N N N AREIT CRE Trust N/A 00193DAC2 300000.00000000 PA USD 298357.29000000 0.260620464103 Long ABS-CBDO CORP KY N 2 2030-01-17 Floating 5.87021000 N N N N N N Freddie Mac - STACR 5493000ISHRHX47NOH65 35564KKL2 425000.00000000 PA USD 439287.06000000 0.383725155339 Long ABS-MBS CORP US N 2 2041-09-25 Floating 10.60369000 N N N N N N DOBANK SPA 8156007AF7DB5FE05555 000000000 150000.00000000 PA 175726.45000000 0.153500217656 Long DBT CORP IT N 2 2030-02-28 Fixed 7.00000000 N N N N N N TierPoint Issuer LLC N/A 88651CAA8 66666.67000000 PA USD 66803.62000000 0.058354164727 Long ABS-O CORP US N 2 2053-06-25 Fixed 6.00000000 N N N N N N WELLS FARGO & COMPANY PBLD0EJDB5FWOLXP3B76 95000U3T8 500000.00000000 PA USD 506388.27000000 0.442339270289 Long DBT CORP US N 2 2029-04-23 Fixed 4.97000000 N N N N N N PETROLEOS MEXICANOS 549300CAZKPF4HKMPX17 000000000 400000.00000000 PA 419590.19000000 0.366519584794 Long DBT CORP MX N 2 2027-04-21 Fixed 2.75000000 N N N N N Sound Point EURO CLO Funding D 635400YEKGN7SV65BD82 000000000 350000.00000000 PA 396665.61000000 0.346494551456 Long ABS-CBDO CORP IE N 2 2038-04-20 Floating 4.88600000 N N N N N N Capital Automotive Reit N/A 12510HAH3 200000.00000000 PA USD 193125.14000000 0.168698286597 Long ABS-O CORP US N 2 2050-02-15 Fixed 4.52000000 N N N N N N JDAC 0 08/15/29 N/A 000000000 1.00000000 NS USD 208684.83000000 0.182289955931 Long EC CORP US N 2 N N N EUREX CLEARING AKTIENGESELLSCHAFT 529900LN3S50JPU47S06 000000000 -23.00000000 NC -48605.96000000 -0.04245818110 N/A DIR CORP DE N 1 EUREX CLEARING AKTIENGESELLSCHAFT 529900LN3S50JPU47S06 Short BUNDESOBLIGATION Bundesobligation 2025-06-06 -2896543.73000000 USD -48605.96000000 N N N MADISON IAQ LLC 549300IXDNBXNHUPBU73 55760LAB3 250000.00000000 PA USD 236750.83000000 0.206806112200 Long DBT CORP US N 2 2029-06-30 Fixed 5.87500000 N N N N N N FS Rialto Issuer Ltd N/A 30340KAA9 600000.00000000 PA USD 593604.72000000 0.518524409510 Long ABS-CBDO CORP US N 2 2042-08-19 Floating 5.70498500 N N N N N N Extended Stay America Trust N/A 30227FAN0 558662.51000000 PA USD 552853.31000000 0.482927319233 Long ABS-MBS CORP US N 2 2038-07-15 Floating 8.13648000 N N N N N N Elmwood CLO X Ltd N/A 29002VAJ7 1000000.00000000 PA USD 998780.00000000 0.872452310910 Long ABS-CBDO CORP KY N 2 2034-04-20 Floating 5.53947000 N N N N N N Driven Brands Funding, LLC N/A 26208LAD0 365901.63000000 PA USD 363545.04000000 0.317563137295 Long ABS-O CORP US N 2 2049-04-20 Fixed 4.64100000 N N N N N N CAPSTONE COPPER CORP 549300III6KGKKC42W63 14071LAA6 125000.00000000 PA USD 122911.10000000 0.107365058603 Long DBT CORP CA N 2 2033-03-31 Fixed 6.75000000 N N N N N N Fannie Mae - CAS 549300Z5THZ1JXIHVK60 20754PAC4 87226.72000000 PA USD 87392.01000000 0.076338494042 Long ABS-MBS CORP US N 2 2039-11-25 Floating 6.61817000 N N N N N N GALAXY BIDCO LTD 2138006O8YW3QCHKDY76 000000000 125000.00000000 PA 166959.93000000 0.145842504613 Long DBT CORP GB N 2 2029-12-19 Fixed 8.12500000 N N N N N N CUMULUS STATIC CLO 2549005ZFHRHIZ9ONM43 000000000 250000.00000000 PA 283006.32000000 0.247211115447 Long ABS-CBDO CORP IE N 2 2033-11-15 Floating 4.95600000 N N N N N N Fannie Mae - CAS N/A 20753DAB4 500000.00000000 PA USD 533739.60000000 0.466231149446 Long ABS-MBS CORP US N 2 2042-09-25 Floating 9.10269000 N N N N N N 2025-06-23 PAYDEN & RYGEL INVESTMENT GROUP Sandi Brents Sandi Brents Compliance Officer