0001752724-23-288145.txt : 20231221
0001752724-23-288145.hdr.sgml : 20231221
20231221143852
ACCESSION NUMBER: 0001752724-23-288145
CONFORMED SUBMISSION TYPE: NPORT-P/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230930
FILED AS OF DATE: 20231221
DATE AS OF CHANGE: 20231221
PERIOD START: 20230930
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: World Funds Trust
CENTRAL INDEX KEY: 0001396092
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0930
FILING VALUES:
FORM TYPE: NPORT-P/A
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-22172
FILM NUMBER: 231504704
BUSINESS ADDRESS:
STREET 1: 8730 STONY POINT PARKWAY
STREET 2: SUITE 205
CITY: RICHMOND
STATE: VA
ZIP: 23235
BUSINESS PHONE: 804-267-7400
MAIL ADDRESS:
STREET 1: 8730 STONY POINT PARKWAY
STREET 2: SUITE 205
CITY: RICHMOND
STATE: VA
ZIP: 23235
FORMER COMPANY:
FORMER CONFORMED NAME: Abacus World Funds Trust
DATE OF NAME CHANGE: 20070410
0001396092
S000073806
Curasset Capital Management Core Bond Fund
C000230996
Founders Class
CMBEX
C000230997
Institutional Class
CMBIX
C000230998
Class A
CMBAX
NPORT-P/A
1
primary_doc.xml
NPORT-P/A
false
0001752724-23-245039
0001396092
XXXXXXXX
S000073806
C000230998
C000230996
C000230997
World Funds Trust
811-22172
0001396092
5493007BOSPYEMKSSY03
8730 Stony Point Parkway
Suite 205
Richmond
23235
800-673-0550
Curasset Capital Management Core Bond Fund
S000073806
549300F7X8LOIFDMO498
2023-09-30
2023-09-30
N
185937411.57
52938.38
185884473.19
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
0.00000000
USD
N
Default
N/A
American Credit Acceptance Receiv Trust
02529RAG3
1800000.00000000
PA
USD
118494.86000000
0.063746507691
Long
ABS-MBS
CORP
US
Y
2
2025-12-12
Fixed
2.97000000
N
N
N
N
N
N
Default
N/A
DT Auto Owner Trust
23344QAD1
800000.00000000
PA
USD
726332.00000000
0.390743770867
Long
ABS-MBS
CORP
US
Y
2
2027-05-17
Fixed
1.31000000
N
N
N
N
N
N
Default
N/A
Teva Pharmaceutical Industries Ltd.
88167AAP6
100000.00000000
PA
USD
91753.30000000
0.049360389507
Long
DBT
CORP
US
N
2
2027-05-09
Fixed
4.75000000
N
N
N
N
N
N
FIRST CITIZENS BANKSHARE
N/A
First Citizens BancShares, Inc.
31959XAA1
500000.00000000
PA
USD
507028.50000000
0.272765385563
Long
DBT
CORP
US
N
2
2164-06-19
Floating
9.63529000
N
N
N
N
N
N
Default
N/A
Federal National Mortgage Assoc.
3136BNEW2
33214554.00000000
PA
USD
53439.51000000
0.028748775560
Long
DBT
USGSE
US
N
2
2046-11-25
Floating
0.11448000
N
N
N
N
N
N
Default
N/A
Federal National Mortgage Assoc.
3136AJGA8
9211902.00000000
PA
USD
58198.16000000
0.031308779588
Long
ABS-MBS
CORP
US
Y
2
2042-08-25
Fixed
3.50000000
N
N
N
N
N
N
Default
N/A
Federal Home Loan Mortgage Corp. 05/25/2043 VAR% 144A
35564KX79
800000.00000000
PA
USD
733965.40000000
0.394850299976
Long
ABS-MBS
CORP
US
Y
2
2043-05-25
Floating
7.31495000
N
N
N
N
N
N
Default
N/A
Connecticut Avenue Securities Trust
20754DAB3
1000000.00000000
PA
USD
1014030.00000000
0.545516245976
Long
DBT
USGSE
US
N
2
2042-04-25
Floating
8.31495000
N
N
N
N
N
N
Default
N/A
The Williams Cos, Inc.
96950FAQ7
900000.00000000
PA
USD
875817.00000000
0.471161999154
Long
DBT
CORP
US
N
2
2025-01-15
Fixed
3.90000000
N
N
N
N
N
N
Default
N/A
The Timken Co.
887389AK0
500000.00000000
PA
USD
466222.00000000
0.250812772040
Long
DBT
CORP
US
N
2
2028-12-15
Fixed
4.50000000
N
N
N
N
N
N
Default
N/A
American Credit Acceptance Receiv Trust
02530QAC1
900000.00000000
PA
USD
133840.12000000
0.072001774921
Long
ABS-MBS
CORP
US
Y
2
2026-12-14
Fixed
1.31000000
N
N
N
N
N
N
Default
N/A
Brunswick Corp.
117043AG4
1314000.00000000
PA
USD
1336167.18000000
0.718815916719
Long
DBT
CORP
US
N
2
2027-08-01
Fixed
7.12500000
N
N
N
N
N
N
Default
N/A
Energy Transfer LP
29278NAM5
900000.00000000
PA
USD
899439.30000000
0.483870053568
Long
DBT
CORP
US
N
2
2024-01-15
Fixed
5.87500000
N
N
N
N
N
N
FARM CREDIT BK OF TEXAS
N/A
Farm Credit Bank of Texas
30767E406
4000.00000000
NS
USD
405000.00000000
0.217877261639
Long
EC
CORP
US
N
1
N
N
N
Default
N/A
Veros Auto Receivables Trust
924933AA2
688000.00000000
PA
USD
527057.55000000
0.283540384495
Long
ABS-MBS
CORP
US
Y
2
2028-11-15
Fixed
7.12000000
N
N
N
N
N
N
Default
N/A
CPS Auto Receivables Trust
12664WAE1
300000.00000000
PA
USD
310766.70000000
0.167182710135
Long
ABS-MBS
CORP
US
Y
2
2030-11-15
Fixed
10.72000000
N
N
N
N
N
N
Default
N/A
AutoNation, Inc.
05329WAS1
1000000.00000000
PA
USD
737228.00000000
0.396605476158
Long
DBT
CORP
US
N
2
2031-08-01
Fixed
2.40000000
N
N
N
N
N
N
Default
N/A
Qorvo, Inc.
74739DAA2
500000.00000000
PA
USD
469784.00000000
0.252729016005
Long
DBT
CORP
US
N
2
2024-12-15
Fixed
1.75000000
N
N
N
N
N
N
Default
N/A
United States Treasury
912810TH1
4000000.00000000
PA
USD
3187500.00000000
1.714774744387
Long
DBT
UST
US
N
2
2042-05-15
Fixed
3.25000000
N
N
N
N
N
N
Default
N/A
Hasbro, Inc.
418056AH0
700000.00000000
PA
USD
712663.00000000
0.383390278795
Long
DBT
CORP
US
N
2
2028-07-15
Fixed
6.60000000
N
N
N
N
N
N
Default
N/A
Fidelity National Financial, Inc.
31620RAH8
1000000.00000000
PA
USD
929407.00000000
0.499991733602
Long
DBT
CORP
US
N
2
2028-08-15
Fixed
4.50000000
N
N
N
N
N
N
Default
N/A
Carvana Auto Receivables Trust
14686KAD9
640000.00000000
PA
USD
187306.20000000
0.100764844306
Long
ABS-MBS
CORP
US
N
2
2028-03-10
Fixed
1.07000000
N
N
N
N
N
N
Default
N/A
Federal Home Loan Mortgage Corp.
35564KWS4
2137500.00000000
PA
USD
1559664.88000000
0.839050649704
Long
DBT
USGSE
US
Y
2
2042-05-25
Floating
7.51495000
N
N
N
N
N
N
Default
N/A
Provident Funding Mortgage Trust
74388JAA3
1000000.00000000
PA
USD
628027.49000000
0.337859036433
Long
ABS-MBS
CORP
US
Y
2
2051-04-25
Fixed
2.50000000
N
N
N
N
N
N
Default
N/A
Sempra
816851BK4
500000.00000000
PA
USD
473743.00000000
0.254858833484
Long
DBT
CORP
US
N
2
2025-10-15
Floating
4.87500000
N
N
N
N
N
N
Default
N/A
CPS Auto Receivables Trust
12663BAE8
900000.00000000
PA
USD
859319.10000000
0.462286647858
Long
ABS-MBS
CORP
US
Y
2
2029-10-15
Fixed
7.14000000
N
N
N
N
N
N
Default
N/A
Las Vegas Sands Corp.
517834AF4
500000.00000000
PA
USD
426717.00000000
0.229560324580
Long
DBT
CORP
US
N
2
2029-08-08
Fixed
3.90000000
N
N
N
N
N
N
Default
N/A
FactSet Research Systems, Inc.
303075AA3
250000.00000000
PA
USD
227971.50000000
0.122641496671
Long
DBT
CORP
US
N
2
2027-03-01
Fixed
2.90000000
N
N
N
N
N
N
Default
N/A
Santander Drive Auto Receivables Trust
80287JAB0
2000000.00000000
PA
USD
1770597.78000000
0.952525915486
Long
ABS-MBS
CORP
US
Y
2
2026-03-16
Fixed
5.87000000
N
N
N
N
N
N
Default
N/A
Verus Securitization Trust
92537MAC4
1935000.00000000
PA
USD
283598.84000000
0.152567255959
Long
ABS-MBS
CORP
US
Y
2
2059-11-25
Fixed
3.19200000
N
N
N
N
N
N
Default
N/A
LAD Auto Receivables Trust
501683AA4
3000000.00000000
PA
USD
547620.74000000
0.294602733946
Long
ABS-MBS
CORP
US
Y
2
2026-08-17
Fixed
1.30000000
N
N
N
N
N
N
Default
N/A
United States Treasury
912810TS7
5000000.00000000
PA
USD
4346875.00000000
2.338482028865
Long
DBT
UST
US
N
2
2043-05-15
Fixed
3.87500000
N
N
N
N
N
N
Default
N/A
Drive Auto Receivables Trust
262104AE2
1500000.00000000
PA
USD
1139632.92000000
0.613086666380
Long
ABS-MBS
CORP
US
N
2
2027-10-15
Fixed
0.87000000
N
N
N
N
N
N
PVH CORP
N/A
PVH Corp.
693656AC4
1000000.00000000
PA
USD
967724.00000000
0.520605074427
Long
DBT
CORP
US
N
2
2025-07-10
Fixed
4.62500000
N
N
N
N
N
N
Default
N/A
ASB Bank Ltd.
00216LAE3
2000000.00000000
PA
USD
1537160.00000000
0.826943732104
Long
DBT
CORP
US
Y
2
2031-10-22
Fixed
2.37500000
N
N
N
N
N
N
Default
N/A
United States Treasury
912810TQ1
5000000.00000000
PA
USD
4351565.00000000
2.341005101352
Long
DBT
UST
US
N
2
2043-02-15
Fixed
3.87500000
N
N
N
N
N
N
Default
N/A
NatWest Group plc
780097BG5
500000.00000000
PA
USD
467648.00000000
0.251579915188
Long
DBT
CORP
US
N
2
2029-05-18
Floating
4.89200000
N
N
N
N
N
N
Default
N/A
Macquarie Group Ltd.
55608JBC1
2000000.00000000
PA
USD
1860100.00000000
1.000675294756
Long
DBT
CORP
US
Y
2
2028-06-21
Floating
4.09800000
N
N
N
N
N
N
Default
N/A
First Investors Auto Owner Trust
32057KAA8
2000000.00000000
PA
USD
625372.95000000
0.336430977406
Long
ABS-MBS
CORP
US
Y
2
2027-01-15
Fixed
2.03000000
N
N
N
N
N
N
Default
N/A
CarMax Auto Owner Trust
14314QAG9
250000.00000000
PA
USD
228984.25000000
0.123186324317
Long
ABS-MBS
CORP
US
N
2
2027-10-15
Fixed
1.55000000
N
N
N
N
N
N
Default
N/A
CA, Inc.
12673PAJ4
600000.00000000
PA
USD
562503.00000000
0.302608921738
Long
DBT
CORP
US
N
2
2027-03-15
Fixed
4.70000000
N
N
N
N
N
N
DOMTAR CORP
N/A
Steel Dynamics, Inc.
858119BF6
500000.00000000
PA
USD
489669.00000000
0.263426520567
Long
DBT
CORP
US
N
2
2026-12-15
Fixed
5.00000000
N
N
N
N
N
N
Default
N/A
United States Treasury
912810TN8
5000000.00000000
PA
USD
4135155.00000000
2.224583328040
Long
DBT
UST
US
N
2
2053-02-15
Floating
3.62500000
N
N
N
N
N
N
Default
N/A
Michael Kors USA, Inc.
59408TAA8
600000.00000000
PA
USD
589500.00000000
0.317132458609
Long
DBT
CORP
US
Y
2
2024-11-01
Floating
4.50000000
N
N
N
N
N
N
Default
N/A
SCF Equipment Leasing LLC
783897AC5
595000.00000000
PA
USD
240641.72000000
0.129457676518
Long
ABS-MBS
CORP
US
Y
2
2028-08-21
Fixed
0.83000000
N
N
N
N
N
N
Default
N/A
Carvana Auto Receivables Trust
14688FAB2
1200000.00000000
PA
USD
889422.76000000
0.478481470096
Long
ABS-MBS
CORP
US
Y
2
2027-04-12
Fixed
6.36000000
N
N
N
N
N
N
Default
N/A
The Timken Co.
88738TAA8
320000.00000000
PA
USD
323048.96000000
0.173790179704
Long
DBT
CORP
US
N
2
2028-05-08
Fixed
6.87500000
N
N
N
N
N
N
Default
N/A
American Express Co.
025816CH0
500000.00000000
PA
USD
396994.50000000
0.213570554434
Long
DBT
CORP
US
N
2
2149-06-16
Floating
3.55000000
N
N
N
N
N
N
Default
N/A
DT Auto Owner Trust
23345EAG0
888000.00000000
PA
USD
830089.08000000
0.446561816463
Long
ABS-MBS
CORP
US
N
2
2027-02-16
Fixed
1.50000000
N
N
N
N
N
N
Default
N/A
Federated Government Obligations Fund Institutional Class
60934N104
5525246.10000000
NS
USD
5525246.10000000
2.972408617664
Long
STIV
RF
US
N
1
N
N
N
Default
N/A
MDC Holdings, Inc.
552676AT5
1000000.00000000
PA
USD
840421.00000000
0.452120064455
Long
DBT
CORP
US
N
2
2030-01-15
Fixed
3.85000000
N
N
N
N
N
N
Default
N/A
Aqua Finance Trust
038413AA8
1800000.00000000
PA
USD
373345.15000000
0.200847947971
Long
ABS-MBS
CORP
US
Y
2
2046-07-17
Fixed
1.90000000
N
N
N
N
N
N
Default
N/A
First Investors Auto Owner Trust
32057KAE0
500000.00000000
PA
USD
454470.00000000
0.244490565672
Long
ABS-MBS
CORP
US
Y
2
2029-06-15
Fixed
5.41000000
N
N
N
N
N
N
Default
N/A
Federal Home Loan Banks
3130ARR78
5000000.00000000
PA
USD
4649805.00000000
2.501448840886
Long
DBT
CORP
US
N
2
2029-04-20
Fixed
4.00000000
N
N
N
N
N
N
Default
N/A
Societe Generale SA
83367TBR9
250000.00000000
PA
USD
239125.75000000
0.128642132339
Long
DBT
CORP
US
Y
2
2025-11-24
Fixed
4.75000000
N
N
N
N
N
N
Default
N/A
Fortune Brands Innovations, Inc.
34964CAG1
500000.00000000
PA
USD
368302.00000000
0.198134891892
Long
DBT
CORP
US
N
2
2052-03-25
Fixed
4.50000000
N
N
N
N
N
N
Default
N/A
GATX Corp 03/30/2027 3.850%
361448AZ6
324000.00000000
PA
USD
300533.33000000
0.161677478942
Long
DBT
CORP
US
N
2
2027-03-30
Fixed
3.85000000
N
N
N
N
N
N
Default
N/A
Aircastle Ltd.
00928QAQ4
900000.00000000
PA
USD
887117.40000000
0.477241258926
Long
DBT
CORP
US
N
2
2024-05-01
Fixed
4.12500000
N
N
N
N
N
N
Default
N/A
SCF Equipment Leasing LLC
784034AB6
1000000.00000000
PA
USD
37045.65000000
0.019929394512
Long
ABS-MBS
CORP
US
Y
2
2026-04-20
Fixed
2.47000000
N
N
N
N
N
N
Default
N/A
Connecticut Avenue Securities Trust
20754LAB5
250000.00000000
PA
USD
245312.50000000
0.131970409249
Long
ABS-MBS
CORP
US
Y
2
2026-12-25
Floating
7.21495000
N
N
N
N
N
N
Default
N/A
Eversource Energy
30040WAP3
1000000.00000000
PA
USD
829502.00000000
0.446245985888
Long
DBT
CORP
US
N
2
2032-03-01
Fixed
3.37500000
N
N
N
N
N
N
Default
N/A
Alliant Energy Finance
01882YAD8
1000000.00000000
PA
USD
827317.00000000
0.445070524612
Long
DBT
CORP
US
Y
2
2032-03-01
Fixed
3.60000000
N
N
N
N
N
N
Default
N/A
EPR Properties
26884UAE9
360000.00000000
PA
USD
318986.64000000
0.171604779315
Long
DBT
CORP
US
N
2
2028-04-15
Fixed
4.95000000
N
N
N
N
N
N
Default
N/A
Harvest SBA Loan Trust
41755NAA8
1350000.00000000
PA
USD
548904.87000000
0.295293555497
Long
ABS-MBS
CORP
US
Y
2
2047-06-25
Floating
7.80000000
N
N
N
N
N
N
Default
N/A
COMM Mortgage Trust
20048KAG2
55000.00000000
PA
USD
38903.21000000
0.020928703367
Long
ABS-MBS
CORP
US
Y
2
2033-09-15
Floating
7.80457000
N
N
N
N
N
N
Default
N/A
Seashine Holding LLC
812430AA4
1200000.00000000
PA
USD
1132914.33000000
0.609472276278
Long
ABS-MBS
CORP
US
Y
2
2025-05-20
Fixed
6.00000000
N
N
N
N
N
N
Default
N/A
Federal Home Loan Mortgage Corp.
35564KQY8
100000.00000000
PA
USD
100063.00000000
0.053830746744
Long
DBT
USGSE
US
Y
2
2042-01-25
Floating
8.71495000
N
N
N
N
N
N
Default
N/A
GLS Auto Receivables Issuer Trust
36257NAC7
450000.00000000
PA
USD
12892.99000000
0.006936023100
Long
ABS-MBS
CORP
US
Y
2
2025-02-18
Fixed
3.54000000
N
N
N
N
N
N
Default
N/A
The Goldman Sachs Group, Inc.
38141GYU2
500000.00000000
PA
USD
408964.00000000
0.220009768961
Long
DBT
CORP
US
N
2
2026-11-10
Floating
4.12500000
N
N
N
N
N
N
Default
N/A
United States Treasury
91282CDJ7
3720000.00000000
PA
USD
2915840.16000000
1.568630294914
Long
DBT
UST
US
N
2
2031-11-15
Floating
1.37500000
N
N
N
N
N
N
Default
N/A
TransCanada PipeLines Ltd.
89352LAG5
850000.00000000
PA
USD
898165.25000000
0.483184654740
Long
DBT
CORP
CA
N
2
2029-06-15
Fixed
7.70000000
N
N
N
N
N
N
CARMAX INC
N/A
CarMax Auto Owner Trust
14318UAH4
1000000.00000000
PA
USD
1021628.00000000
0.549603730998
Long
ABS-MBS
CORP
US
N
2
2029-04-16
Fixed
8.08000000
N
N
N
N
N
N
Default
N/A
Fluor Corp.
343412AF9
360000.00000000
PA
USD
329540.40000000
0.177282370251
Long
DBT
CORP
US
N
2
2028-09-15
Fixed
4.25000000
N
N
N
N
N
N
Default
N/A
Lloyds Banking Group plc
53944YAR4
450000.00000000
PA
USD
431581.05000000
0.232177030492
Long
DBT
CORP
US
N
2
2026-03-18
Floating
3.51100000
N
N
N
N
N
N
Default
N/A
Hubbell, Inc.
443510AH5
600000.00000000
PA
USD
551424.60000000
0.296649090984
Long
DBT
CORP
US
N
2
2027-08-15
Fixed
3.15000000
N
N
N
N
N
N
Default
N/A
Libra Solutions LLC
53161DAA3
200000.00000000
PA
USD
145579.79000000
0.078317348136
Long
ABS-MBS
CORP
US
N
2
2035-02-15
Fixed
7.00000000
N
N
N
N
N
N
Default
N/A
United States Treasury 04/15/2028 1.25%
91282CGW5
12750000.00000000
PA
USD
12264504.30000000
6.597917561120
Long
DBT
UST
US
N
2
2028-04-15
Floating
1.25000000
N
N
N
N
N
N
Default
N/A
Federal Home Loan Mortgage Corp.
3137AQH35
25937000.00000000
PA
USD
53020.57000000
0.028523399017
Long
DBT
USGSE
US
N
2
2027-05-15
Fixed
3.00000000
N
N
N
N
N
N
FANNIE MAE
N/A
Federal National Mortgage Assoc.
3136BNFA9
22017104.00000000
PA
USD
39247.32000000
0.021113823724
Long
DBT
USGSE
US
N
2
2047-02-25
Floating
0.11448000
N
N
N
N
N
N
Default
N/A
FMC Corp.
302491AT2
600000.00000000
PA
USD
548515.20000000
0.295083925293
Long
DBT
CORP
US
N
2
2026-10-01
Fixed
3.20000000
N
N
N
N
N
N
Default
N/A
Blue Owl Capital Corp.
69121KAG9
250000.00000000
PA
USD
205568.75000000
0.110589521799
Long
DBT
CORP
US
N
2
2028-06-11
Fixed
2.87500000
N
N
N
N
N
N
Default
N/A
Trimble, Inc.
896239AA8
800000.00000000
PA
USD
787920.80000000
0.423876608131
Long
DBT
CORP
US
N
2
2024-12-01
Fixed
4.75000000
N
N
N
N
N
N
Default
N/A
Exeter Automobile Receivables Trust
30166QAG4
787500.00000000
PA
USD
707289.98000000
0.380499763031
Long
ABS-MBS
CORP
US
Y
2
2029-10-15
Fixed
6.34000000
N
N
N
N
N
N
Default
N/A
Santander Drive Auto Receivables Trust
80286EAE6
500000.00000000
PA
USD
481365.00000000
0.258959229751
Long
ABS-MBS
CORP
US
N
2
2028-04-17
Fixed
2.56000000
N
N
N
N
N
N
Default
N/A
SBL Holdings, Inc.
78432MAA3
400000.00000000
PA
USD
361653.60000000
0.194558261802
Long
DBT
CORP
US
Y
2
2026-11-13
Fixed
5.12500000
N
N
N
N
N
N
Default
N/A
Government National Mortgage Assoc.
38376G4V9
850000.00000000
PA
USD
33.78000000
0.000018172577
Long
ABS-MBS
CORP
US
N
2
2043-03-16
Floating
5.84505000
N
N
N
N
N
N
Default
N/A
Credit Acceptance Auto Loan Trust
22535GAA0
2600000.00000000
PA
USD
1688789.05000000
0.908515391855
Long
ABS-MBS
CORP
US
Y
2
2030-05-15
Fixed
1.00000000
N
N
N
N
N
N
Default
N/A
Corning, Inc.
219350AX3
200000.00000000
PA
USD
177009.00000000
0.095225274581
Long
DBT
CORP
US
N
2
2037-03-15
Fixed
4.70000000
N
N
N
N
N
N
Default
N/A
Westlake Automobile Receivables Trust
96042PAF9
1840000.00000000
PA
USD
1420569.36000000
0.764221634879
Long
ABS-MBS
CORP
US
Y
2
2026-01-15
Fixed
2.76000000
N
N
N
N
N
N
Default
N/A
United Auto Credit Securitization Trust
90944KAF2
400000.00000000
PA
USD
380912.80000000
0.204919105648
Long
ABS-MBS
CORP
US
Y
2
2029-04-10
Fixed
10.00000000
N
N
N
N
N
N
Default
N/A
United States Treasury
91282CFV8
4000000.00000000
PA
USD
3857812.00000000
2.075381517237
Long
DBT
UST
US
N
2
2032-11-15
Fixed
4.12500000
N
N
N
N
N
N
Default
N/A
Plains All American Pipeline LP
72650RBN1
250000.00000000
PA
USD
214737.00000000
0.115521751932
Long
DBT
CORP
US
N
2
2030-09-15
Fixed
3.80000000
N
N
N
N
N
N
Default
N/A
The Boeing Co.
097023BA2
1000000.00000000
PA
USD
944957.00000000
0.508357144512
Long
DBT
CORP
US
N
2
2040-02-15
Fixed
5.87500000
N
N
N
N
N
N
Default
N/A
United Auto Credit Securitization Trust
90944DAJ0
650000.00000000
PA
USD
581454.25000000
0.312804098169
Long
ABS-MBS
CORP
US
N
2
2028-11-10
Fixed
5.00000000
N
N
N
N
N
N
FANNIE MAE
N/A
Federal National Mortgage Assoc.
3136BMXV5
22736291.00000000
PA
USD
43557.18000000
0.023432392847
Long
DBT
USGSE
US
N
2
2046-02-25
Floating
0.16448000
N
N
N
N
N
N
Default
N/A
Flowserve Corp.
34355JAB4
1000000.00000000
PA
USD
765145.00000000
0.411623944092
Long
DBT
CORP
US
N
2
2032-01-15
Fixed
2.80000000
N
N
N
N
N
N
Default
N/A
Apache Corp.
03746AAA8
133000.00000000
PA
USD
136158.75000000
0.073249124934
Long
DBT
CORP
US
N
2
2029-12-15
Fixed
7.75000000
N
N
N
N
N
N
Default
N/A
Barclays plc
06738EBD6
250000.00000000
PA
USD
233545.50000000
0.125640133353
Long
DBT
CORP
US
N
2
2029-05-16
Floating
4.97200000
N
N
N
N
N
N
Default
N/A
MSCI, Inc.
55354GAK6
100000.00000000
PA
USD
83814.10000000
0.045089349616
Long
DBT
CORP
US
Y
2
2030-09-01
Fixed
3.62500000
N
N
N
N
N
N
Default
N/A
Masco Corp.
574599AY2
1000000.00000000
PA
USD
1007356.00000000
0.541925843892
Long
DBT
CORP
US
N
2
2032-08-15
Fixed
6.50000000
N
N
N
N
N
N
Default
N/A
Newtek Small Business Loan Trust
65252MAA7
1500000.00000000
PA
USD
379472.45000000
0.204144242651
Long
ABS-MBS
CORP
US
Y
2
2044-02-25
Floating
7.95000000
N
N
N
N
N
N
Default
N/A
Exeter Automobile Receivables Trust
30166AAD6
2300000.00000000
PA
USD
69374.54000000
0.037321320500
Long
ABS-MBS
CORP
US
N
2
2026-01-15
Fixed
0.69000000
N
N
N
N
N
N
Default
N/A
DT Auto Owner Trust
26253AAC0
1540250.00000000
PA
USD
734456.01000000
0.395114232725
Long
ABS-MBS
CORP
US
Y
2
2026-06-15
Fixed
1.47000000
N
N
N
N
N
N
Default
N/A
Avid Automobile Receivables Trust
05368QAC1
600000.00000000
PA
USD
595049.40000000
0.320117861265
Long
ABS-MBS
CORP
US
Y
2
2027-12-15
Fixed
7.35000000
N
N
N
N
N
N
Default
N/A
Freddie Mac 04/25/2043 VAR% 144A
35564KT58
400000.00000000
PA
USD
368429.19000000
0.198203316112
Long
ABS-MBS
CORP
US
Y
2
2043-04-25
Floating
7.41495000
N
N
N
N
N
N
Default
N/A
Toll Brothers Finance Corp.
88947EAS9
1000000.00000000
PA
USD
957803.00000000
0.515267888470
Long
DBT
CORP
US
N
2
2027-03-15
Fixed
4.87500000
N
N
N
N
N
N
Default
N/A
Sequoia Mortgage Trust
81748AAD6
1650000.00000000
PA
USD
175124.34000000
0.094211386779
Long
ABS-MBS
CORP
US
Y
2
2050-04-25
Fixed
3.00000000
N
N
N
N
N
N
Default
N/A
Spectra Energy Partners LP
84756NAD1
400000.00000000
PA
USD
397508.80000000
0.213847231658
Long
DBT
CORP
US
N
2
2024-03-15
Fixed
4.75000000
N
N
N
N
N
N
BELLSOUTH TELECOMMUNICATIONS, LLC
N/A
BellSouth Telecommunications LLC
079867AW7
500000.00000000
PA
USD
496502.50000000
0.267102728635
Long
DBT
CORP
US
N
2
2028-06-01
Fixed
6.37500000
N
N
N
N
N
N
Default
N/A
Allison Transmission, Inc.
019736AE7
450000.00000000
PA
USD
415282.50000000
0.223408923227
Long
DBT
CORP
US
Y
2
2027-10-01
Fixed
4.75000000
N
N
N
N
N
N
Default
N/A
Georgia Power Co.
373334KQ3
1000000.00000000
PA
USD
926511.00000000
0.498433776689
Long
DBT
CORP
US
N
2
2032-05-15
Fixed
4.70000000
N
N
N
N
N
N
Default
N/A
Sprint LLC
85207UAH8
450000.00000000
PA
USD
452737.35000000
0.243558454469
Long
DBT
CORP
US
N
2
2024-06-15
Fixed
7.12500000
N
N
N
N
N
N
Default
N/A
Foursight Capital Automobile Recei Trust
35105JAF5
400000.00000000
PA
USD
369863.60000000
0.198974983575
Long
ABS-MBS
CORP
US
Y
2
2028-05-15
Fixed
3.07000000
N
N
N
N
N
N
Default
N/A
FedEx Corp.
31428XBS4
1000000.00000000
PA
USD
843872.00000000
0.453976593912
Long
DBT
CORP
US
N
2
2048-10-17
Fixed
4.95000000
N
N
N
N
N
N
Default
N/A
Phillips 66 Partners LP
718549AF5
440000.00000000
PA
USD
375309.44000000
0.201904674209
Long
DBT
CORP
US
N
2
2028-03-01
Fixed
3.75000000
N
N
N
N
N
N
Default
N/A
Connecticut Avenue Securities Trust 07/25/2043 VAR% 144A
20754EAA3
400000.00000000
PA
USD
382654.03000000
0.205855832621
Long
ABS-MBS
CORP
US
Y
2
2043-07-25
Floating
7.01495000
N
N
N
N
N
N
Default
N/A
Ford Motor Co.
345370BY5
450000.00000000
PA
USD
451948.50000000
0.243134077980
Long
DBT
CORP
US
N
2
2028-10-01
Fixed
6.62500000
N
N
N
N
N
N
Default
N/A
Santander Consumer Auto Receiv Trust
80282YAC0
2000000.00000000
PA
USD
239599.72000000
0.128897113292
Long
ABS-MBS
CORP
US
Y
2
2025-10-15
Fixed
0.33000000
N
N
N
N
N
N
Default
N/A
Arivo Acceptance Auto Loan Receiv Trust
04047EAA4
1000000.00000000
PA
USD
434959.75000000
0.233994664823
Long
ABS-MBS
CORP
US
Y
2
2028-05-15
Fixed
3.93000000
N
N
N
N
N
N
Default
N/A
Fortune Brands Innovations, Inc.
34964CAF3
500000.00000000
PA
USD
426238.00000000
0.229302637646
Long
DBT
CORP
US
N
2
2032-03-25
Fixed
4.00000000
N
N
N
N
N
N
Default
N/A
AMN Healthcare, Inc.
00175PAB9
90000.00000000
PA
USD
81337.50000000
0.043757016712
Long
DBT
CORP
US
Y
2
2027-10-01
Fixed
4.62500000
N
N
N
N
N
N
Default
N/A
Synchrony Bank
87166FAD5
400000.00000000
PA
USD
385509.60000000
0.207392039466
Long
DBT
CORP
US
N
2
2025-08-22
Fixed
5.40000000
N
N
N
N
N
N
Default
N/A
Weyerhaeuser Co.
962166CA0
500000.00000000
PA
USD
409219.50000000
0.220147219924
Long
DBT
CORP
US
N
2
2032-03-09
Fixed
3.37500000
N
N
N
N
N
N
Default
N/A
Truist Financial Corp.
89832QAF6
500000.00000000
PA
USD
427481.00000000
0.229971332550
Long
DBT
CORP
US
N
2
2030-03-01
Floating
5.10000000
N
N
N
N
N
N
Default
N/A
Pagaya AI Debt Trust 03/15/2030 6.06%
69547MAA4
1600000.00000000
PA
USD
780402.06000000
0.419831762496
Long
ABS-MBS
CORP
US
Y
2
2030-03-15
Fixed
6.06000000
N
N
N
N
N
N
Default
N/A
The Charles Schwab Corp.
808513CB9
500000.00000000
PA
USD
417861.00000000
0.224796075126
Long
DBT
CORP
US
N
2
2164-06-19
Floating
5.00000000
N
N
N
N
N
N
Default
N/A
CPS Auto Receivables Trust
12663BAD0
1800000.00000000
PA
USD
1733868.00000000
0.932766449098
Long
ABS-MBS
CORP
US
Y
2
2028-08-15
Fixed
5.19000000
N
N
N
N
N
N
Default
N/A
Canpack SA/Canpack US LLC
13806CAA0
500000.00000000
PA
USD
408493.50000000
0.219756654759
Long
DBT
CORP
US
Y
2
2029-11-15
Fixed
3.87500000
N
N
N
N
N
N
Default
N/A
Berry Global, Inc.
085770AB1
500000.00000000
PA
USD
483016.00000000
0.259847415822
Long
DBT
CORP
US
Y
2
2027-07-15
Fixed
5.62500000
N
N
N
N
N
N
Default
N/A
Domtar Corp.
70478JAA2
100000.00000000
PA
USD
82813.10000000
0.044550843101
Long
DBT
CORP
US
Y
2
2028-10-01
Fixed
6.75000000
N
N
N
N
N
N
Default
N/A
Spruce Hill Mortgage Loan Trust
85209FAA4
28912050.00000000
PA
USD
351788.72000000
0.189251266640
Long
ABS-MBS
CORP
US
Y
2
2050-01-28
Fixed
2.52100000
N
N
N
N
N
N
Default
N/A
Federal Home Loan Mortgage Corp.
35564KQC6
100000.00000000
PA
USD
97750.00000000
0.052586425494
Long
DBT
USGSE
US
Y
2
2042-01-25
Floating
7.81495000
N
N
N
N
N
N
Default
N/A
General Motors Financial Co., Inc.
37045XDE3
250000.00000000
PA
USD
189097.25000000
0.101728372873
Long
DBT
CORP
US
N
2
2031-01-08
Fixed
2.35000000
N
N
N
N
N
N
Default
N/A
Carvana Auto Receivables Trust
14686JAE0
2000000.00000000
PA
USD
1923850.00000000
1.034970789643
Long
ABS-MBS
CORP
US
N
2
2028-04-10
Fixed
5.08000000
N
N
N
N
N
N
Default
N/A
United States Treasury 05/15/2033 3.375%
91282CHC8
3000000.00000000
PA
USD
2720625.00000000
1.463610678886
Long
DBT
UST
US
N
2
2033-05-15
Fixed
3.37500000
N
N
N
N
N
N
Default
N/A
WestRock MWV LLC
961548AY0
750000.00000000
PA
USD
821077.50000000
0.441713869861
Long
DBT
CORP
US
N
2
2031-02-15
Fixed
7.95000000
N
N
N
N
N
N
Default
N/A
ONEOK, Inc.
682680AY9
1000000.00000000
PA
USD
867839.00000000
0.466870086084
Long
DBT
CORP
US
N
2
2029-09-01
Fixed
3.40000000
N
N
N
N
N
N
Default
N/A
Albemarle Corp.
012653AE1
500000.00000000
PA
USD
453613.00000000
0.244029526627
Long
DBT
CORP
US
N
2
2032-06-01
Fixed
5.05000000
N
N
N
N
N
N
FREDDIE MAC
N/A
Federal Home Loan Mortgage Corp.
35564KYW3
1000000.00000000
PA
USD
1124303.00000000
0.604839651588
Long
DBT
USGSE
US
Y
2
2042-06-25
Floating
12.06495000
N
N
N
N
N
N
Default
N/A
JPMBB Commercial Mortgage Sec Trust
46644RAY1
1524802.95000000
PA
USD
180710.93000000
0.097216796485
Long
ABS-MBS
CORP
US
N
2
2048-05-15
Fixed
3.34230000
N
N
N
N
N
N
Default
N/A
Smithfield Foods, Inc.
832248BC1
1000000.00000000
PA
USD
764409.00000000
0.411227999241
Long
DBT
CORP
US
Y
2
2030-10-15
Fixed
3.00000000
N
N
N
N
N
N
Default
N/A
Avnet, Inc.
053807AV5
1000000.00000000
PA
USD
919854.00000000
0.494852520070
Long
DBT
CORP
US
N
2
2032-06-01
Fixed
5.50000000
N
N
N
N
N
N
Default
N/A
Occidental Petroleum Corp.
674599EB7
215000.00000000
PA
USD
213907.80000000
0.115075668413
Long
DBT
CORP
US
N
2
2025-09-01
Fixed
5.87500000
N
N
N
N
N
N
Default
N/A
Marathon Petroleum Corp.
56585AAG7
540000.00000000
PA
USD
527760.36000000
0.283918474170
Long
DBT
CORP
US
N
2
2024-09-15
Fixed
3.62500000
N
N
N
N
N
N
Default
N/A
Banco Santander SA
05971KAG4
250000.00000000
PA
USD
186287.50000000
0.100216815747
Long
DBT
CORP
US
N
2
2030-12-03
Fixed
2.74900000
N
N
N
N
N
N
Default
N/A
Exeter Automobile Receivables Trust
30167LAG4
900000.00000000
PA
USD
156509.67000000
0.084197279801
Long
ABS-MBS
CORP
US
Y
2
2025-03-17
Fixed
3.71000000
N
N
N
N
N
N
Default
N/A
Western Digital Corp.
958102AM7
500000.00000000
PA
USD
476424.00000000
0.256301127159
Long
DBT
CORP
US
N
2
2026-02-15
Fixed
4.75000000
N
N
N
N
N
N
Default
N/A
Micron Technology, Inc.
595112BP7
250000.00000000
PA
USD
235210.25000000
0.126535716492
Long
DBT
CORP
US
N
2
2027-02-15
Fixed
4.18500000
N
N
N
N
N
N
Default
N/A
Fifth Third Bank
31677QBT5
600000.00000000
PA
USD
590260.80000000
0.317541745079
Long
DBT
CORP
US
N
2
2025-10-27
Floating
5.85200000
N
N
N
N
N
N
Default
N/A
Santander Retail Auto Lease Trust
80286DAG3
520000.00000000
PA
USD
501555.08000000
0.269820857757
Long
ABS-MBS
CORP
US
N
2
2025-11-20
Fixed
1.41000000
N
N
N
N
N
N
Default
N/A
United States Treasury
91282CDY4
4500000.00000000
PA
USD
3655372.50000000
1.966475433514
Long
DBT
UST
US
N
2
2032-02-15
Floating
1.87500000
N
N
N
N
N
N
Default
N/A
Carvana Auto Receivables Trust
14686GAE6
450000.00000000
PA
USD
430492.95000000
0.231591666916
Long
ABS-MBS
CORP
US
Y
2
2028-12-11
Fixed
4.13000000
N
N
N
N
N
N
Default
N/A
GLS Auto Receivables Issuer Trust
36258AAC4
675000.00000000
PA
USD
119284.68000000
0.064171406009
Long
ABS-MBS
CORP
US
Y
2
2025-05-15
Fixed
2.96000000
N
N
N
N
N
N
Default
N/A
Banco Santander SA
05964HAQ8
200000.00000000
PA
USD
184675.60000000
0.099349664246
Long
DBT
CORP
US
N
2
2028-03-24
Floating
4.17500000
N
N
N
N
N
N
Default
N/A
LAD Auto Receivables Trust
505713AB3
500000.00000000
PA
USD
455641.61000000
0.245120855002
Long
ABS-MBS
CORP
US
Y
2
2027-06-15
Fixed
5.93000000
N
N
N
N
N
N
Default
N/A
Arivo Acceptance Auto Loan Receiv Trust
04047JAC9
500000.00000000
PA
USD
510974.50000000
0.274888209451
Long
ABS-MBS
CORP
US
Y
2
2029-03-15
Fixed
9.84000000
N
N
N
N
N
N
Default
N/A
Carvana Auto Receivables Trust
14686GAA4
450000.00000000
PA
USD
94248.90000000
0.050702943813
Long
ABS-MBS
CORP
US
Y
2
2028-12-11
Fixed
2.31000000
N
N
N
N
N
N
Default
N/A
Citigroup, Inc.
172967MP3
250000.00000000
PA
USD
224891.75000000
0.120984688037
Long
DBT
CORP
US
N
2
2031-03-31
Floating
4.41200000
N
N
N
N
N
N
Default
N/A
Exeter Automobile Receivables Trust
30166QAF6
450000.00000000
PA
USD
428750.55000000
0.230654310519
Long
ABS-MBS
CORP
US
N
2
2028-07-17
Fixed
4.56000000
N
N
N
N
N
N
Default
N/A
CH Robinson Worldwide, Inc.
12541WAA8
1000000.00000000
PA
USD
938242.00000000
0.504744685717
Long
DBT
CORP
US
N
2
2028-04-15
Fixed
4.20000000
N
N
N
N
N
N
Default
N/A
SLM Corp.
78442PGD2
90000.00000000
PA
USD
84213.90000000
0.045304429442
Long
DBT
CORP
US
N
2
2025-10-29
Fixed
4.20000000
N
N
N
N
N
N
Default
N/A
Lobel Automobile Receivables Trust
53946XAA1
800000.00000000
PA
USD
584228.42000000
0.314296514374
Long
ABS-MBS
CORP
US
Y
2
2026-07-15
Fixed
6.97000000
N
N
N
N
N
N
Default
N/A
Federal National Mortgage Assoc. 12/25/2032 2.00%
3136AAL86
700000.00000000
PA
USD
81129.39000000
0.043645060078
Long
ABS-MBS
CORP
US
Y
2
2032-12-25
Fixed
2.00000000
N
N
N
N
N
N
Default
N/A
Oshkosh Corp.
688225AH4
1000000.00000000
PA
USD
853427.00000000
0.459116883381
Long
DBT
CORP
US
N
2
2030-03-01
Fixed
3.10000000
N
N
N
N
N
N
Default
N/A
Avis Budget Rental Car Funding AESOP LLC
05377RDR2
1800000.00000000
PA
USD
1710961.20000000
0.920443311180
Long
ABS-MBS
CORP
US
Y
2
2026-03-20
Fixed
2.65000000
N
N
N
N
N
N
Default
N/A
X-Caliber Funding LLC 11/01/2024 8.580%
98373XBD1
800000.00000000
PA
USD
799881.60000000
0.430311142331
Long
ABS-MBS
CORP
US
Y
2
2024-11-01
Fixed
8.58000000
N
N
N
N
N
N
Default
N/A
Constellation Brands, Inc.
21036PBF4
1000000.00000000
PA
USD
839257.00000000
0.451493869066
Long
DBT
CORP
US
N
2
2030-05-01
Fixed
2.87500000
N
N
N
N
N
N
Default
N/A
Exelon Corp. 04/01/2032 7.600%
210371AF7
1000000.00000000
PA
USD
1079704.00000000
0.580846792349
Long
DBT
CORP
US
N
2
2032-04-01
Fixed
7.60000000
N
N
N
N
N
N
Default
N/A
Allegion US Holding Company 10/01/2024 3.200%
01748NAD6
550000.00000000
PA
USD
533073.75000000
0.286776910869
Long
DBT
CORP
US
N
2
2024-10-01
Fixed
3.20000000
N
N
N
N
N
N
Default
N/A
Targa Resources Partners LP
87612BBQ4
500000.00000000
PA
USD
467956.00000000
0.251745609501
Long
DBT
CORP
US
N
2
2030-03-01
Fixed
5.50000000
N
N
N
N
N
N
Default
N/A
Westlake Automobile Receivables Trust
96042WAG2
324800.00000000
PA
USD
309686.73000000
0.166601720243
Long
ABS-MBS
CORP
US
Y
2
2027-03-15
Fixed
3.49000000
N
N
N
N
N
N
Default
N/A
Carvana Auto Receivables Trust
14686KAF4
100000.00000000
PA
USD
91795.30000000
0.049382984186
Long
ABS-MBS
CORP
US
Y
2
2028-03-10
Fixed
2.90000000
N
N
N
N
N
N
Default
N/A
Energy Transfer LP
29273VAJ9
400000.00000000
PA
USD
318785.60000000
0.171496626119
Long
DBT
CORP
US
N
2
2028-02-15
Floating
6.62500000
N
N
N
N
N
N
Default
N/A
Connecticut Avenue Securities Trust 04/25/2043 VAR% 144A
20753ACJ1
800000.00000000
PA
USD
733702.13000000
0.394708668996
Long
ABS-MBS
CORP
US
Y
2
2043-04-25
Floating
7.81495000
N
N
N
N
N
N
Default
N/A
SoFi Consumer Loan Program
83407CAB4
616000.00000000
PA
USD
601604.08000000
0.323644072942
Long
ABS-MBS
CORP
US
Y
2
2030-09-25
Fixed
1.30000000
N
N
N
N
N
N
Default
N/A
American Credit Acceptance Receiv Trust
02530TAG6
480000.00000000
PA
USD
454596.00000000
0.244558349709
Long
ABS-MBS
CORP
US
Y
2
2028-02-14
Fixed
1.82000000
N
N
N
N
N
N
Default
N/A
General Motors Financial Co., Inc.
37045XDS2
1000000.00000000
PA
USD
773682.00000000
0.416216581580
Long
DBT
CORP
US
N
2
2032-01-12
Fixed
3.10000000
N
N
N
N
N
N
Default
N/A
Valero Energy Corp.
91913YBC3
1000000.00000000
PA
USD
798421.00000000
0.429525385470
Long
DBT
CORP
US
N
2
2031-12-01
Fixed
2.80000000
N
N
N
N
N
N
Default
N/A
Connecticut Avenue Securities Trust
20753DAA6
550000.00000000
PA
USD
450195.85000000
0.242191207406
Long
DBT
USGSE
US
N
2
2042-09-25
Floating
7.81495000
N
N
N
N
N
N
Default
N/A
United States Treasury
912810TF5
15000000.00000000
PA
USD
10368165.00000000
5.577746662790
Long
DBT
UST
US
N
2
2042-02-15
Fixed
2.37500000
N
N
N
N
N
N
Default
N/A
Federal Home Loan Mortgage Corp. 06/25/2043 VAR% 144A
35564K2F5
800000.00000000
PA
USD
727550.94000000
0.391399522248
Long
ABS-MBS
CORP
US
Y
2
2043-06-25
Floating
7.31495000
N
N
N
N
N
N
Default
N/A
EnLink Midstream Partners LP
29336UAB3
400000.00000000
PA
USD
389921.60000000
0.209765556696
Long
DBT
CORP
US
N
2
2024-04-01
Fixed
4.40000000
N
N
N
N
N
N
Default
N/A
Federal National Mortgage Assoc.
30711XY32
534000.00000000
PA
USD
578710.75000000
0.311328181460
Long
DBT
USGSE
US
N
2
2031-01-25
Floating
9.67943000
N
N
N
N
N
N
Default
N/A
LAD Auto Receivables Trust
501687AC1
484000.00000000
PA
USD
480741.71000000
0.258623919335
Long
ABS-MBS
CORP
US
Y
2
2030-04-15
Fixed
6.85000000
N
N
N
N
N
N
Default
N/A
Blackstone Private Credit Fund
09261HAD9
250000.00000000
PA
USD
215186.00000000
0.115763299810
Long
DBT
CORP
US
N
2
2026-12-15
Fixed
2.62500000
N
N
N
N
N
N
Default
N/A
Ryder System, Inc.
78355HKR9
1000000.00000000
PA
USD
953476.00000000
0.512940098566
Long
DBT
CORP
US
N
2
2025-09-01
Fixed
3.35000000
N
N
N
N
N
N
Default
N/A
American Credit Acceptance Receiv Trust
025286AD7
1000000.00000000
PA
USD
949855.00000000
0.510992114456
Long
ABS-MBS
CORP
US
Y
2
2027-11-15
Fixed
1.34000000
N
N
N
N
N
N
Default
N/A
USASF Receivables LLC
90353QAD8
1360000.00000000
PA
USD
1361213.12000000
0.732289844676
Long
ABS-MBS
CORP
US
Y
2
2027-03-15
Fixed
9.35000000
N
N
N
N
N
N
Default
N/A
Pioneer Natural Resource 01/15/2028 7.200%
723787AB3
1000000.00000000
PA
USD
1033391.00000000
0.555931855020
Long
DBT
CORP
US
N
2
2028-01-15
Fixed
7.20000000
N
N
N
N
N
N
Default
N/A
Bank of America Corp.
060505GB4
625000.00000000
PA
USD
523780.63000000
0.281777504603
Long
DBT
CORP
US
N
2
2164-06-19
Floating
4.37500000
N
N
N
N
N
N
Default
N/A
DT Auto Owner Trust
23344EAG1
900000.00000000
PA
USD
622433.92000000
0.334849871707
Long
ABS-MBS
CORP
US
Y
2
2025-11-17
Fixed
2.55000000
N
N
N
N
N
N
Default
N/A
Crown Castle, Inc.
22822VAZ4
250000.00000000
PA
USD
226755.00000000
0.121987057933
Long
DBT
CORP
US
N
2
2027-03-15
Fixed
2.90000000
N
N
N
N
N
N
Default
N/A
Tapestry, Inc.
189754AA2
750000.00000000
PA
USD
729314.25000000
0.392348127567
Long
DBT
CORP
US
N
2
2025-04-01
Fixed
4.25000000
N
N
N
N
N
N
Default
N/A
Nucor Corp.
670346AY1
500000.00000000
PA
USD
479861.00000000
0.258150125056
Long
DBT
CORP
US
N
2
2027-05-23
Fixed
4.30000000
N
N
N
N
N
N
Default
N/A
Trinity Rail Leasing LLC
89657BAB0
400000.00000000
PA
USD
167112.10000000
0.089901053666
Long
ABS-MBS
CORP
US
Y
2
2049-10-18
Fixed
2.39000000
N
N
N
N
N
N
Default
N/A
Upstart Structured Pass-Through Trust
91680YBD2
1000000.00000000
PA
USD
483624.96000000
0.260175017149
Long
ABS-MBS
CORP
US
Y
2
2030-11-15
Fixed
7.01000000
N
N
N
N
N
N
Default
N/A
SCF Equipment Leasing LLC
784033AJ1
500000.00000000
PA
USD
444804.00000000
0.239290561694
Long
ABS-MBS
CORP
US
Y
2
2031-11-20
Fixed
3.79000000
N
N
N
N
N
N
Default
N/A
United States Treasury
912810TR9
2500000.00000000
PA
USD
2069922.50000000
1.113553200263
Long
DBT
UST
US
N
2
2053-05-15
Fixed
3.62500000
N
N
N
N
N
N
Default
N/A
Avolon Holdings Funding Ltd.
05401AAR2
1000000.00000000
PA
USD
844152.00000000
0.454127225105
Long
DBT
CORP
US
Y
2
2027-11-18
Fixed
2.52800000
N
N
N
N
N
N
Default
N/A
Government National Mortgage Assoc.
38383HMA4
1000000.00000000
PA
USD
929338.44000000
0.499954850478
Long
ABS-MBS
CORP
US
Y
2
2052-10-20
Fixed
5.00000000
N
N
N
N
N
N
Default
N/A
Towd Point HE Trust
89181PCL0
400000.00000000
PA
USD
334465.05000000
0.179931677057
Long
ABS-MBS
CORP
US
Y
2
2063-02-25
Fixed
6.87500000
N
N
N
N
N
N
Default
N/A
BorgWarner, Inc. 02/15/2029 7.125%
099724AC0
400000.00000000
PA
USD
420844.00000000
0.226400835302
Long
DBT
CORP
US
N
2
2029-02-15
Fixed
7.12500000
N
N
N
N
N
N
Default
N/A
US Auto Funding Trust
90355FAA6
2000000.00000000
PA
USD
816000.63000000
0.438982673483
Long
ABS-MBS
CORP
US
Y
2
2025-04-15
Fixed
3.98000000
N
N
N
N
N
N
Default
N/A
Exeter Automobile Receivables Trust
30166YAD4
1072000.00000000
PA
USD
1064297.68000000
0.572558676760
Long
ABS-MBS
CORP
US
Y
2
2026-12-15
Fixed
4.86000000
N
N
N
N
N
N
Default
N/A
Lowe's Cos, Inc. 04/01/2052 4.25%
548661EJ2
500000.00000000
PA
USD
368843.50000000
0.198426201860
Long
DBT
CORP
US
N
2
2052-04-01
Fixed
4.25000000
N
N
N
N
N
N
Default
N/A
GLS Auto Receivables Issuer Trust
36260CAE2
725000.00000000
PA
USD
704402.75000000
0.378946524102
Long
ABS-MBS
CORP
US
Y
2
2027-07-15
Fixed
4.31000000
N
N
N
N
N
N
Default
N/A
Tricolor Auto Securitization Trust
89616BAC8
485000.00000000
PA
USD
478540.77000000
0.257439882841
Long
ABS-MBS
CORP
US
Y
2
2025-08-15
Fixed
4.71000000
N
N
N
N
N
N
Default
N/A
Quanta Services, Inc.
74762EAF9
1000000.00000000
PA
USD
815640.00000000
0.438788665886
Long
DBT
CORP
US
N
2
2030-10-01
Fixed
2.90000000
N
N
N
N
N
N
Default
N/A
Owens Corning
690742AK7
1000000.00000000
PA
USD
883354.00000000
0.475216668095
Long
DBT
CORP
US
N
2
2030-06-01
Fixed
3.87500000
N
N
N
N
N
N
Default
N/A
Mariner Finance Issuance Trust
56847MAA8
1700000.00000000
PA
USD
57130.58000000
0.030734455126
Long
ABS-MBS
CORP
US
Y
2
2032-07-20
Fixed
2.96000000
N
N
N
N
N
N
Default
N/A
Nissan Motor Co. Ltd.
654744AD3
1000000.00000000
PA
USD
862493.00000000
0.463994106230
Long
DBT
CORP
US
Y
2
2030-09-17
Fixed
4.81000000
N
N
N
N
N
N
Default
N/A
Tricon American Homes Trust
89613FAC2
306000.00000000
PA
USD
302817.91000000
0.162906511126
Long
ABS-MBS
CORP
US
Y
2
2036-01-17
Fixed
3.47300000
N
N
N
N
N
N
Default
N/A
WinWater Mortgage Loan Trust
97655JCC4
230000.00000000
PA
USD
131914.08000000
0.070965625980
Long
ABS-MBS
CORP
US
Y
2
2046-01-20
Floating
3.77779000
N
N
N
N
N
N
Default
N/A
Occidental Petroleum Corp. 03/15/2029 7.200%
674599DT9
1000000.00000000
PA
USD
1030205.00000000
0.554217887228
Long
DBT
CORP
US
N
2
2029-03-15
Fixed
7.20000000
N
N
N
N
N
N
Default
N/A
AutoNation, Inc.
05329RAA1
1000000.00000000
PA
USD
812798.00000000
0.437259759274
Long
DBT
CORP
US
N
2
2032-03-01
Fixed
3.85000000
N
N
N
N
N
N
Default
N/A
US Auto Funding Trust
90355EAB7
720000.00000000
PA
USD
222989.35000000
0.119961256673
Long
ABS-MBS
CORP
US
Y
2
2025-03-17
Fixed
1.49000000
N
N
N
N
N
N
Default
N/A
Veros Auto Receivables Trust
92512VAD1
1350000.00000000
PA
USD
1317411.00000000
0.708725681812
Long
ABS-MBS
CORP
US
Y
2
2029-07-16
Fixed
7.23000000
N
N
N
N
N
N
Default
N/A
Ally Financial, Inc.
36186CBY8
1000000.00000000
PA
USD
1009635.00000000
0.543151874211
Long
DBT
CORP
US
N
2
2031-11-01
Fixed
8.00000000
N
N
N
N
N
N
Default
N/A
GS Mortgage Securities Trust
36253GAJ1
500000.00000000
PA
USD
480813.00000000
0.258662271113
Long
ABS-MBS
CORP
US
N
2
2047-09-10
Fixed
4.16200000
N
N
N
N
N
N
Default
N/A
American Credit Acceptance Receiv Trust
02530BAE0
1687500.00000000
PA
USD
1664933.06000000
0.895681619571
Long
ABS-MBS
CORP
US
Y
2
2028-06-13
Fixed
4.41000000
N
N
N
N
N
N
Default
N/A
Societe Generale SA
83368RAT9
500000.00000000
PA
USD
493719.00000000
0.265605293184
Long
DBT
CORP
US
Y
2
2024-03-28
Fixed
3.87500000
N
N
N
N
N
N
Default
N/A
PRA Health Sciences, Inc.
45569KAA1
90000.00000000
PA
USD
81204.21000000
0.043685310885
Long
DBT
CORP
US
Y
2
2026-07-15
Fixed
2.87500000
N
N
N
N
N
N
Default
N/A
Ciena Corp.
171779AL5
100000.00000000
PA
USD
84625.00000000
0.045525588311
Long
DBT
CORP
US
Y
2
2030-01-31
Fixed
4.00000000
N
N
N
N
N
N
Default
N/A
Prestige Auto Receivables Trust 02/15/2028 1.53%
74113XAE6
550400.00000000
PA
USD
516284.56000000
0.277744854715
Long
ABS-MBS
CORP
US
Y
2
2028-02-15
Fixed
1.53000000
N
N
N
N
N
N
Default
N/A
American Credit Acceptance Receiv Trust
02530BAG5
900000.00000000
PA
USD
862758.00000000
0.464136667895
Long
ABS-MBS
CORP
US
Y
2
2028-06-13
Fixed
4.85000000
N
N
N
N
N
N
Default
N/A
Korn Ferry
50067PAA7
500000.00000000
PA
USD
460000.00000000
0.247465531739
Long
DBT
CORP
US
Y
2
2027-12-15
Fixed
4.62500000
N
N
N
N
N
N
Default
N/A
Hughes Satellite Systems Corp.
444454AD4
500000.00000000
PA
USD
449592.50000000
0.241866624083
Long
DBT
CORP
US
N
2
2026-08-01
Fixed
5.25000000
N
N
N
N
N
N
Default
N/A
Tricolor Auto Securitization Trust
89616KAE4
400000.00000000
PA
USD
413010.00000000
0.222186389703
Long
ABS-MBS
CORP
US
N
2
2028-06-15
Fixed
13.45000000
N
N
N
N
N
N
2023-10-31
World Funds Trust
Ann MacDonald
Ann MacDonald
Principal