First Trust Flexible Income ETF (FFLX)
Holdings of the Fund as of 9/25/2026

Total Number of Holdings (excluding cash): 280

Security Name Identifier CUSIP Shares / Quantity Market Value / Notional Value Weighting Descending sort
Consolidated Communications LLC, Fidium Fiber Fina Series 2025-1A, Class C, 9.408%, due 05/20/2055 209031AC7 3,000,000 $3,074,181.60 1.72%
GNMA Series 2026-133, Class IO, Variable rate, due 04/16/2065 38384RFK7 39,587,567 $2,439,247.32 1.37%
GNMA G2 MA7366, 2%, due 05/20/2051 36179WFF0 3,079,403 $2,394,651.34 1.34%
Zayo Issuer LLC Series 2025-2A, Class C, 9.489%, due 06/20/2055 98919WAL7 2,000,000 $2,066,098.80 1.16%
Consolidated Communications LLC, Fidium Fiber Fina Series 2025-1A, Class B, 6.506%, due 05/20/2055 209031AB9 2,000,000 $1,994,083.80 1.12%
Chase Mortgage Finance Corporation Series 2026-AGY2, Class A11, Variable rate, due 08/25/2057 16160GCC8 2,000,000 $1,985,836.20 1.11%
Zayo Issuer LLC Series 2025-1A, Class A2, 5.648%, due 03/20/2055 98919WAA1 2,000,000 $1,970,552.20 1.11%
JP Morgan Mortgage Trust Series 2026-LTV1, Class A1, Variable rate, due 09/25/2056 46660YAC3 1,907,343 $1,875,172.45 1.05%
CIM Trust Series 2026-NR1, Class A1, Variable rate, due 07/25/2065 171951AA4 1,814,811 $1,796,952.88 1.01%
DISCOVERY HOLDINGS INC WBD TL B 1L USD LX291101 1,685,000 $1,686,348.00 0.95%
Freddie Mac Series 5502, Class FC, Variable rate, due 02/25/2055 3137HJSV0 1,624,774 $1,612,689.26 0.90%
SG Capital Partners Series 2022-1, Class A1, Variable rate, due 03/27/2062 78433QAA3 1,737,876 $1,567,525.29 0.88%
Fannie Mae or Freddie Mac TBA, 6.50%, due 03/01/2055 01F0626B2 1,500,000 $1,514,822.06 0.85%
GNMA TBA, 6.50%, due 01/01/2056 21H0626B8 1,500,000 $1,515,185.15 0.85%
Kennedy Lewis CLO Ltd Series 2024-15AR, Class D1R, Variable rate, due 10/20/2039 48936KAL7 1,500,000 $1,519,682.85 0.85%
Magnetite CLO Ltd Series 2021-29AR, Class D1R2, Variable rate, due 10/15/2039 55955KBE3 1,500,000 $1,501,042.38 0.84%
PRP Advisors, LLC Series 2026-5, Class A1, Variable rate, due 09/25/2031 69384VAA0 1,500,000 $1,487,397.15 0.83%
GNMA Series 2026-136, Class SK, Variable rate, due 08/20/2056 38385WWM2 1,698,005 $1,460,697.69 0.82%
US Dollar $USD 1,463,231 $1,463,230.68 0.82%
CONE Commercial Mortgage Trust Series 2026-DFW3, Class D, Variable rate, due 05/15/2043 20681AAG6 1,500,000 $1,447,165.05 0.81%
GLS Auto Select Receivables Trust Series 2026-3A, Class D, 5.55%, due 10/17/2033 36275LAE5 1,486,000 $1,445,091.31 0.81%
Castlelake Residential Mortgage Series 2026-RTL1, Class M2, Variable rate, due 08/25/2041 14856TAD4 1,450,000 $1,401,046.87 0.79%
MSCI INC 5.15%, due 03/15/2036 55354GAS9 1,495,000 $1,384,310.17 0.78%
Pretium Mortgage Credit Partners LLC Series 2026-NPL1, Class A1, Variable rate, due 01/25/2056 69383TAA6 1,368,631 $1,348,240.96 0.76%
IQVIA INC 6.50%, due 05/15/2030 46266TAD0 1,339,000 $1,340,728.64 0.75%
Bridge Street CLO Series 2025-1A, Class D1A, Variable rate, due 04/20/2038 107921AJ7 1,300,000 $1,303,811.12 0.73%
NEXSTAR MEDIA INC 4.75%, due 11/01/2028 65336YAN3 1,280,000 $1,244,835.58 0.70%
Brant Point CLO Ltd Series 2024-3A, Class D1R, Variable rate, due 01/20/2039 10548JAJ5 1,200,000 $1,203,578.41 0.68%
TRANSDIGM INC TDG TL K 1L USD LX269850 1,211,128 $1,214,446.49 0.68%
PMT Loan Trust Series 2026-INV1, Class A36, Variable rate, due 01/25/2057 73015LBP7 1,210,082 $1,190,451.74 0.67%
Freddie Mac Multiclass Certificates Series 2020-RR02, Class DX, Variable rate, due 09/27/2028 3137FQY23 37,000,000 $1,184,457.69 0.66%
JP Morgan Mortgage Trust Series 2026-1, Class A11, Variable rate, due 07/25/2056 46594NCH5 1,206,904 $1,178,038.72 0.66%
MEDLINE BORROWER/MEDL CO 5.25%, due 06/15/2033 58506DAC2 1,235,000 $1,185,078.21 0.66%
PMT Loan Trust Series 2026-INV2, Class A35, Variable rate, due 01/25/2057 69383NBM2 1,178,101 $1,152,307.77 0.65%
GNMA Series 2023-66, Class MP, Variable rate, due 05/20/2053 38384AWS8 1,302,382 $1,117,130.90 0.63%
JP Morgan Mortgage Trust Series 2026-2, Class A11, Variable rate, due 07/25/2056 46594PCC1 1,154,689 $1,131,439.00 0.63%
Exeter Automobile Receivables Trust Series 2024-3A, Class E, 7.84%, due 10/15/2031 30165AAG0 1,000,000 $1,025,583.80 0.58%
Freddie Mac - STACR Series 2022-DNA2, Class B2, Variable rate, due 02/25/2042 35564KSQ3 1,000,000 $1,027,959.80 0.58%
CENTENE CORP 4.625%, due 12/15/2029 15135BAT8 1,060,000 $1,008,928.06 0.57%
Fannie Mae - CAS Series 2021-R02, Class 2B2, Variable rate, due 11/25/2041 20754KAJ0 1,000,000 $1,007,572.40 0.57%
HCA INC 5.125%, due 06/15/2039 404119BY4 1,125,000 $1,010,703.24 0.57%
KNOWBE4 INC KNBE TL 1L USD LX266122 1,405,935 $1,022,234.25 0.57%
Zayo Issuer LLC Series 2025-3A, Class C, 8.435%, due 10/20/2055 98919WAS2 1,000,000 $1,013,747.20 0.57%
Battery Park CLO Ltd. Series 2019-1A, Class CR, Variable rate, due 07/15/2036 07133YAS9 1,000,000 $1,001,254.76 0.56%
BX Trust Series 2025-VOLT, Class A, Variable rate, due 12/15/2044 05619PAA4 1,000,000 $999,137.20 0.56%
CIM Trust Series 2023-I1, Class B1, Variable rate, due 04/25/2058 12570DAE6 1,000,000 $1,003,223.29 0.56%
KRE Commercial Mortgage Trust Series 2026-ICNA, Class A, Variable rate, due 05/15/2043 48275LAA8 1,000,000 $1,004,275.80 0.56%
MFRA Trust Series 2026-NPL1, Class A1, Variable rate, due 08/25/2031 592929AA1 1,000,000 $991,992.10 0.56%
Pagaya AI Debt Selection Trust Series 2026-4, Class D, 6.857%, due 01/16/2034 694957AE1 1,000,000 $996,512.50 0.56%
Pagaya AI Debt Selection Trust Series 2026-5, Class D, 7.066%, due 03/15/2034 69545UAE0 1,000,000 $997,313.00 0.56%
Pretium Mortgage Credit Partners LLC Series 2026-NPL2, Class A1, Variable rate, due 02/25/2056 69393DAA9 1,010,925 $997,018.32 0.56%
Saratoga Investment Corp CLO Ltd Series 2013-1AR, Class CR5, Variable rate, due 10/20/2037 80349BCR6 1,000,000 $1,001,839.88 0.56%
SEDGWICK CMS INC SEDGEW TL B 1L USD LX211038 1,003,963 $1,001,874.36 0.56%
SWCH Commercial Mortgage Trust Series 2025-DATA, Class A, Variable rate, due 02/15/2042 78489CAA7 1,000,000 $991,937.00 0.56%
ADAMS OUTDOOR ADVERTISING Series 2026-1, Class B, 6.392%, due 07/20/2056 006346BA7 1,000,000 $986,280.50 0.55%
BELRON FINANCE 2019 LLC BELRON TL B 1L USD LX282167 974,086 $977,008.26 0.55%
FIGRE Trust Series 2026-FL3, Class M1, Variable rate, due 08/25/2056 30192DAF3 1,000,000 $979,351.40 0.55%
HOMES Trust Series 2025-NQM2, Class B2, Variable rate, due 02/25/2070 403966AF1 1,000,000 $974,602.90 0.55%
MetroNet Infrastructure Issuer LLC Series 2026-1A, Class C, 7.10%, due 04/20/2056 59170JBL1 1,000,000 $977,253.40 0.55%
COLT Funding LLC Series 2022-1, Class M1, Variable rate, due 12/27/2066 19688HAD3 1,200,000 $968,727.00 0.54%
Exeter Automobile Receivables Trust Series 2026-1A, Class E, 6.69%, due 08/15/2033 30168HAG2 1,000,000 $962,683.80 0.54%
Barclays Commercial Mortgage Securities LLC Series 2018-TALL, Class A, Variable rate, due 03/15/2037 05548WAA5 1,000,000 $942,853.40 0.53%
CIM Trust Series 2023-I2, Class B1, Variable rate, due 12/25/2067 12570HAE7 1,000,000 $946,596.97 0.53%
PRESTIGE BRANDS INC 3.75%, due 04/01/2031 74112BAM7 1,046,000 $938,112.53 0.53%
RYAN SPECIALTY 5.875%, due 08/01/2032 78351GAA3 990,000 $950,805.80 0.53%
CARNIVAL CORP LTD 6.125%, due 02/15/2033 143658BX9 955,000 $928,801.87 0.52%
ROCKET COS INC 6.375%, due 08/01/2033 77311WAB7 940,000 $918,297.84 0.52%
TALEN ENERGY SUPPLY LLC 6.375%, due 05/01/2033 87422VAP3 972,000 $933,611.84 0.52%
TENET HEALTHCARE CORP 5.50%, due 11/15/2032 88033GDW7 978,000 $933,978.16 0.52%
UNITED RENTALS (NORTH AMERICA) 5.375%, due 11/15/2033 911365BS2 977,000 $918,787.02 0.52%
US FOODS INC 5.75%, due 04/15/2033 90290MAJ0 961,000 $923,613.83 0.52%
NUMERICABLE US LLC SFRFP TL B14 1L USD LX271827 909,747 $902,542.26 0.51%
Verus Securitization Trust Series 2021-6, Class M1, Variable rate, due 10/25/2066 92538MAD1 1,300,000 $906,356.75 0.51%
1011778 BC / NEW RED FIN 4%, due 10/15/2030 68245XAM1 966,000 $887,975.72 0.50%
CROWN AMERICAS LLC 5.875%, due 06/01/2033 22819CAA6 920,000 $894,640.43 0.50%
AMWINS GROUP INC 4.875%, due 06/30/2029 031921AB5 903,000 $863,019.95 0.48%
Freddie Mac Multiclass Certificates Series 2020-RR03, Class X1, 1.7062%, due 07/27/2028 3137FQXS7 36,000,000 $860,082.48 0.48%
CREATIVE PLANNING INC CTEPNG TL B 1L USD LX273406 812,607 $811,863.46 0.46%
BROWN GROUP HOLDING LLC SIGLN TL B2 1L USD LX205479 795,564 $798,877.52 0.45%
STANDARD BUILDING SOLUTIONS 6.25%, due 08/01/2033 853191AC8 840,000 $803,877.56 0.45%
BCPE PEQUOD BUYER INC ENV TL B 1L USD LX246014 795,295 $788,833.09 0.44%
FIRSTCASH INC 4.625%, due 09/01/2028 33767DAB1 801,000 $778,781.23 0.44%
IHEARTCOMMUNICATIONS INC 4.75%, due 01/15/2028 45174HBG1 858,000 $787,110.96 0.44%
AON NA/AON GLOBAL 5.80%, due 09/17/2033 036940AC8 750,000 $741,576.34 0.42%
ENERGY TRANSFER LP 6.55%, due 12/01/2033 29273VAU4 730,000 $755,609.18 0.42%
EQUIPMENTSHARE.COM INC 8.625%, due 05/15/2032 29450YAB5 759,000 $753,732.24 0.42%
ROCKIES EXPRESS PIPELINE 6.75%, due 03/15/2033 77340RAU1 748,000 $746,742.24 0.42%
LIGHT & WONDER INTERNATIONAL 7.50%, due 09/01/2031 531968AA3 722,000 $735,265.30 0.41%
MORGAN STANLEY Variable rate, due 04/21/2034 61747YFE0 760,000 $729,424.05 0.41%
TEVA PHARMACEUTICALS NE 5.75%, due 01/16/2037 88167AAV3 750,000 $730,808.44 0.41%
TEVA PHARMACEUTICALS NL FIN III BV 6%, due 12/01/2032 88167AAT8 705,000 $708,998.76 0.40%
CONSTELLATION BRANDS INC 4.95%, due 11/01/2035 21036PBT4 745,000 $689,170.86 0.39%
CONSTELLATION SOFTWARE 5.461%, due 02/16/2034 21037XAD2 735,000 $695,168.68 0.39%
COSTAR GROUP INC 2.80%, due 07/15/2030 22160NAA7 795,000 $703,767.46 0.39%
FACTSET RESEARCH SYSTEMS 3.45%, due 03/01/2032 303075AB1 785,000 $688,644.47 0.39%
LLOYDS BANKING GROUP PLC Variable rate, due 11/04/2036 53944YBE2 750,000 $688,182.25 0.39%
QUANTA SERVICES INC 5.55%, due 08/09/2036 74762EAS1 725,000 $694,593.49 0.39%
VICI PROPERTIES LP 5.125%, due 05/15/2032 925650AD5 735,000 $698,625.23 0.39%
YUM! BRANDS INC 6.875%, due 11/15/2037 988498AD3 676,000 $687,737.39 0.39%
AERCAP IRELAND CAP/GLOBAL 4.75%, due 01/15/2033 00774MBU8 720,000 $674,307.97 0.38%
ALPHA GENERATION LLC 6.25%, due 01/15/2034 02073LAC5 717,000 $681,125.41 0.38%
HILTON DOMESTIC OPERATING 6.125%, due 04/01/2032 432833AQ4 686,000 $680,345.85 0.38%
HYATT HOTELS CORP 5.40%, due 12/15/2035 448579AW2 720,000 $673,874.43 0.38%
ICON INVESTMENTS SIX DAC 5.995%, due 08/13/2036 45115AAH7 705,000 $685,991.95 0.38%
BANK OF AMERICA CORP Variable rate 06055HAH6 650,000 $653,383.25 0.37%
Diameter Capital CLO Series 2024-8AR, Class DR, Variable rate, due 10/20/2039 25256NAG2 650,000 $650,672.75 0.36%
BROWN & BROWN INC 4.20%, due 03/17/2032 115236AE1 655,000 $599,878.78 0.34%
CENTENE CORP 2.50%, due 03/01/2031 15135BAX9 710,000 $604,545.69 0.34%
VISTRA OPERATIONS CO LLC 5.70%, due 12/30/2034 92840VAU6 625,000 $602,940.63 0.34%
ABG INTERMEDIATE HLDGS 2 AUTBRA TL B1 1L USD LX256002 581,036 $581,451.44 0.33%
ASHTEAD CAPITAL INC 5.80%, due 04/15/2034 045054AS2 605,000 $592,818.08 0.33%
DIRECTV FINANCING LLC DTV TL B 1L USD LX293537 590,972 $595,312.73 0.33%
NRG ENERGY INC 5.75%, due 01/15/2034 629377DC3 635,000 $595,074.88 0.33%
ALLIANCE LAUNDRY SYSTEMS ALH TL B 1L USD LX239958 532,000 $533,606.64 0.30%
DG INVESTMENT INTERMEDI CONGNT TL B 1L USD LX265213 535,000 $537,006.25 0.30%
GFL ENVIRONMENTAL INC 6.75%, due 01/15/2031 36168QAQ7 529,000 $527,377.87 0.30%
GOLDMAN SACHS GROUP INC Variable rate, due 07/21/2037 38145GAW0 550,000 $527,912.34 0.30%
GRAHAM PACKAGING/GPC CAP GRMPAC TL B 1L USD LX281903 535,169 $537,283.10 0.30%
GRAY TELEVISION INC GTN TL D 1L USD LX199556 531,056 $532,816.68 0.30%
IRIDIUM SATELLITE LLC IRDM TL B4 1L USD LX234353 535,000 $534,598.75 0.30%
ONEDIGITAL BORROWER LLC Variable rate, due 07/02/2032 LX235335 562,536 $536,752.44 0.30%
PAREXEL INTL CORP PRXL TL B 1L USD LX277675 537,719 $539,869.87 0.30%
RED SPV LLC NWFOOD TL B 1L USD LX259735 532,051 $531,388.60 0.30%
CHURCHILL DOWNS INC 5.75%, due 04/01/2030 12511VAA6 520,000 $512,009.11 0.29%
CLARIOS GLOBAL LP POWSOL TL B 1L USD LX235337 520,000 $522,730.00 0.29%
GOLDMAN SACHS GROUP INC Variable rate, due 10/23/2035 38141GB78 550,000 $512,205.52 0.29%
CORE & MAIN LP 6%, due 07/01/2034 21867FAC8 520,000 $499,973.76 0.28%
Diameter Capital CLO Series 2024-8AR, Class C1R, Variable rate, due 10/20/2039 25256JAW6 500,000 $500,375.00 0.28%
Exeter Automobile Receivables Trust Series 2026-1A, Class D, 5%, due 05/17/2032 30168HAF4 510,000 $495,802.93 0.28%
GCM CLO Ltd. Series 2026-1A, Class D, Variable rate, due 07/20/2039 36275KAE7 500,000 $502,500.59 0.28%
GENESEE & WYOMING INC 6.25%, due 04/15/2032 371559AB1 510,000 $502,894.07 0.28%
IQVIA INC 6.375%, due 03/15/2034 46266TAH1 500,000 $492,733.00 0.28%
QTS CNTRL ISSUER LLC 6.625%, due 09/01/2031 74751QAA6 500,000 $491,322.69 0.28%
STATION CASINOS LLC 4.625%, due 12/01/2031 857691AH2 550,000 $500,806.46 0.28%
SYSCO HOLD/SYSC CORP 5.80%, due 10/06/2033 87183XAC7 500,000 $493,939.69 0.28%
SYSCO HOLD/SYSC CORP 5.95%, due 06/06/2036 87183XAD5 500,000 $490,935.69 0.28%
VIKING CRUISES LTD 5.875%, due 10/15/2033 92676XAH0 520,000 $497,576.51 0.28%
BLACK PEARL COMPUTE LLC 6.125%, due 02/15/2031 09216NAA8 481,000 $474,782.59 0.27%
CLARIVATE SCIENCE HOLDINGS CORP 3.875%, due 07/01/2028 18064PAC3 493,000 $476,775.52 0.27%
IMPRIVATA INC IMPR TL B 1L USD LX292611 475,657 $481,491.08 0.27%
PROOFPOINT INC PFPT TL B 1L USD LX294182 475,000 $477,166.00 0.27%
SIRIUS XM RADIO LLC 4%, due 07/15/2028 82967NBJ6 506,000 $487,762.70 0.27%
SYNEOS HEALTH US INC SYNH TL B 1L USD LX216614 473,333 $476,722.06 0.27%
Uniti Fiber ABS Issuer LLC Series 2025-1A, Class A2, 5.877%, due 04/20/2055 91326EAA3 480,000 $478,328.69 0.27%
ALLIED UNIVERSAL HOLDCO 7.875%, due 02/15/2031 019576AD9 459,000 $466,316.00 0.26%
ALPHABET INC 6.25%, due 08/15/2046 02079KCT2 475,000 $464,118.63 0.26%
CHARTER NEXT GENERATION CHANEX TL B 1L USD LX279163 470,000 $471,868.25 0.26%
CLOUD SOFTWARE GRP LLC 9%, due 09/30/2029 18912UAA0 470,000 $467,083.56 0.26%
CNT HOLDINGS I CORP CTAC TL B 1L USD LX258427 456,779 $458,217.43 0.26%
GATES CORPORATION 6.875%, due 07/01/2029 367398AA2 468,000 $471,421.08 0.26%
GOLDMAN SACHS GROUP INC Variable rate 38141GA79 450,000 $461,110.05 0.26%
GREAT OUTDOORS GROUP LLC BASSPR TL B 1L USD LX257812 470,000 $472,460.45 0.26%
JPMORGAN CHASE & CO Variable rate 48128BAQ4 450,000 $458,438.40 0.26%
MORGAN STANLEY Variable rate, due 07/17/2037 61748UBB7 490,000 $469,808.21 0.26%
NEPTUNE BIDCO US INC 9.29%, due 04/15/2029 640695AA0 456,000 $460,743.77 0.26%
SOUTHERN VETERINARY PART SOUVET TL B 1L USD LX266731 470,000 $470,763.75 0.26%
WELLS FARGO & COMPANY Variable rate 95002YAC7 450,000 $458,949.15 0.26%
WULF COMPUTE LLC 7.75%, due 10/15/2030 982911AA7 451,000 $464,313.98 0.26%
AMAZON.COM INC 6%, due 07/09/2046 023135EF9 475,000 $447,544.10 0.25%
BROWN & BROWN INC 5.65%, due 06/11/2034 115236AG6 470,000 $451,507.03 0.25%
CITIGROUP INC Variable rate 17327CBC6 450,000 $446,178.15 0.25%
FERTITTA ENTERTAINMENT 6.75%, due 1/15/2030 31556TAC3 470,000 $449,695.75 0.25%
HILLMAN SOLUTIONS CORP HILCOS TL 1L USD LX293810 450,000 $451,921.50 0.25%
AGGREKO HOLDINGS INC AGKLN TL B 1L USD LX264915 416,666 $419,686.83 0.24%
AZURIA WATER SOLUTN INC AEGN TL B 1L USD LX282529 420,706 $420,285.18 0.24%
GNMA Series 2021-31, Class IO, Variable rate, due 01/16/2061 38380RVN7 6,355,655 $422,538.54 0.24%
ABG INTERMEDIATE HLDGS 2 AUTBRA TL B 1L USD LX296743 416,666 $415,299.34 0.23%
BANCO SANTANDER SA Variable rate 05964HBH7 400,000 $418,382.80 0.23%
HUNTINGTON BANCSHARES Variable rate, due 02/02/2035 446150BD5 425,000 $413,543.43 0.23%
VALVOLINE INC 6.125%, due 08/15/2034 92047WAH4 422,000 $406,123.05 0.23%
VERIZON COMMUNICATIONS Variable rate, due 02/15/2057 92343VJM7 400,000 $388,033.52 0.22%
BROWN GROUP HOLDING LLC SIGLN TL B1 1L USD LX194230 377,432 $379,097.86 0.21%
CEMEX SAB DE CV 5.75%, due 06/05/2036 151290CD3 400,000 $377,604.49 0.21%
UBS GROUP AG Variable rate, due 11/06/2033 902613BT4 395,000 $372,810.22 0.21%
APPLOVIN CORP 5.375%, due 12/01/2031 03831WAC2 360,000 $352,164.80 0.20%
BEACON POINT DC LLC 6.129%, due 11/30/2042 07367AAA7 380,000 $351,536.47 0.20%
CHRYSAOR BIDCO SARL ALTDOM TL B1 1L USD LX272220 355,564 $357,564.05 0.20%
CITADEL SECURITIES GLOBAL HLDGS 5.125%, due 01/27/2032 17289RAE6 365,000 $349,647.21 0.20%
Fannie Mae Series 2024-20, Class ZQ, 4%, due 10/25/2045 3136BRX77 440,526 $364,153.38 0.20%
FIFTH THIRD BANCORP Variable rate, due 04/25/2033 316773DF4 375,000 $347,991.21 0.20%
FIRST-CITIZENS BANK/TRST Variable rate, due 07/13/2029 337967AA1 365,000 $361,317.41 0.20%
GLOBAL PAYMENTS INC 5.20%, due 11/15/2032 37940XAX0 370,000 $348,338.11 0.20%
LPL HOLDINGS INC 6%, due 05/20/2034 50212YAK0 360,000 $351,066.96 0.20%
ORACLE CORP 6.25%, due 11/09/2032 68389XCJ2 360,000 $348,299.04 0.20%
SPACE EXPLORATION TECH 5.875%, due 07/15/2036 84615QAE3 385,000 $350,940.79 0.20%
SYNCHRONY FINANCIAL Variable rate, due 10/15/2030 87165BBC6 360,000 $355,004.63 0.20%
180 MEDICAL INC 5.30%, due 10/08/2035 682357AB4 370,000 $345,856.73 0.19%
BIMBO BAKERIES USA INC 5.375%, due 01/09/2036 09031WAE3 365,000 $344,866.97 0.19%
BROADCOM INC 3.50%, due 02/15/2041 11135FCV1 460,000 $334,141.96 0.19%
CHARTER COMM OPT LLC/CAP 5.85%, due 12/01/2035 161175CS1 380,000 $342,345.50 0.19%
FIFTH THIRD BANCORP Variable rate, due 01/29/2037 316773DP2 375,000 $347,631.10 0.19%
GILDAN ACTIVEWEAR INC 5.40%, due 10/07/2035 375916AG8 365,000 $338,629.74 0.19%
GLOBAL PAYMENTS INC 5.55%, due 11/15/2035 37940XAY8 370,000 $342,530.55 0.19%
GRIFFON CORPORATION 6.25%, due 10/01/2034 398433AR3 345,000 $333,432.22 0.19%
NRG ENERGY INC 5.407%, due 10/15/2035 629377DB5 365,000 $339,265.31 0.19%
ROYAL CARIBBEAN CRUISES 4.75%, due 05/15/2033 78017TAC7 370,000 $341,718.44 0.19%
SALESFORCE INC 5.55%, due 03/15/2036 79466LAU8 365,000 $347,456.77 0.19%
SPACE EXPLORATION TECH 5.65%, due 07/15/2033 84615QAC7 365,000 $342,471.05 0.19%
SYSCO CORPORATION 4.95%, due 03/25/2036 871829BX4 365,000 $333,552.64 0.19%
ATHENAHEALTH GROUP INC ATHENA TL B 1L USD LX290634 315,397 $315,914.25 0.18%
CHARLES SCHWAB CORP Series H, Variable rate 808513BJ3 350,000 $320,354.44 0.18%
FINANCIERE MENDEL SASU CEVASA TL B 1L USD LX259021 315,710 $317,882.08 0.18%
GRAPHIC PACKAGING INTERNATIONAL 3.75%, due 02/01/2030 38869AAD9 340,000 $312,336.41 0.18%
GRIFOLS INTERNATIONAL SE GRFSM TL B 1L USD LX287893 317,492 $318,881.03 0.18%
HIGHLINE AFTERMARKET ACQ DYKAUT TL B 1L USD LX258981 312,274 $313,445.03 0.18%
OAK-EAGLE ACQUIRECO INC EA TL B 1L USD LX287247 315,000 $318,641.40 0.18%
OPAL US LLC OPALBD TL B 1L USD LX291042 314,372 $316,336.83 0.18%
THE CAMPBELLS COMPANY 4.75%, due 03/23/2035 134429BQ1 360,000 $316,026.31 0.18%
UBS GROUP AG Variable rate, due 05/09/2036 902613BQ0 340,000 $327,398.41 0.18%
WH BORROWER LLC WHPGLO TL B 1L USD LX296406 317,633 $319,736.12 0.18%
WHATABRANDS LLC WHABRA TL B 1L USD LX294473 316,500 $317,302.33 0.18%
AMERICAN ELECTRIC POWER 6.95%, due 12/15/2054 025537BA8 300,000 $308,030.71 0.17%
ARDAGH METAL PACKAGING 6.25%, due 01/30/2031 03969YAD0 315,000 $309,657.66 0.17%
BANCO BILBAO VIZCAYA ARGENTARIA Variable rate 05946KAS0 300,000 $305,487.00 0.17%
Brant Point CLO Ltd Series 2024-4A, Class D1R, Variable rate, due 10/20/2039 10548LAL5 300,000 $301,039.95 0.17%
BUILDERS FIRSTSOURCE INC 4.25%, due 02/01/2032 12008RAP2 340,000 $301,683.86 0.17%
CAESARS ENTERTAIN INC CZR TL B 1L USD LX210680 320,071 $311,509.09 0.17%
CHARTER COMMUNICATIONS OPER CHTR TL B4 1L USD LX220777 320,000 $310,721.91 0.17%
DOMINION ENERGY INC Variable rate, due 06/01/2054 25746UDU0 300,000 $306,298.50 0.17%
FIRST STUDENT BIDCO/FIRST TRANSIT PARENT 4%, due 07/31/2029 337120AA7 325,000 $311,339.89 0.17%
HUB INTERNATIONAL LTD 7.25%, due 06/15/2030 44332PAH4 305,000 $307,951.18 0.17%
ING GROEP NV Variable rate N4578EMC9 300,000 $301,477.77 0.17%
IRON MOUNTAIN INC 6.25%, due 01/15/2035 46284VAR2 315,000 $302,457.51 0.17%
KRAFT HEINZ FOODS CO N/C, 5%, due 06/04/2042 50076QAE6 360,000 $304,048.19 0.17%
NEXTERA ENERGY CAPITAL Variable rate, due 06/15/2054 65339KDB3 300,000 $299,784.78 0.17%
NOVELIS CORP 6.375%, due 08/15/2033 670001AN6 315,000 $303,511.04 0.17%
PEER HOLDING III BV ACTINA TL B5B 1L USD LX259873 310,425 $311,782.84 0.17%
QUIKRETE HOLDINGS INC 6.75%, due 03/01/2033 74843PAB6 310,000 $305,052.93 0.17%
QXO BUILDING PRODUCTS 6.875%, due 07/15/2034 77583AAB6 315,000 $308,166.20 0.17%
SEAWORLD PARKS & ENTERTAINMENT 5.25%, due 08/15/2029 81282UAG7 320,000 $303,186.66 0.17%
SINCLAIR TELEVISION GROUP 8.125%, due 02/15/2033 829259BH2 305,000 $309,956.25 0.17%
SOUTHERN CO Variable rate, due 03/15/2055 842587EB9 300,000 $294,430.67 0.17%
SUNOCO LP 5.875%, due 03/15/2034 86765KAG4 315,000 $297,573.71 0.17%
CREDIT AGRICOLE SA Variable rate 225313AT2 300,000 $293,245.44 0.16%
DAYFORCE INC DAY TL B 1L USD LX270986 300,000 $289,987.50 0.16%
Freddie Mac Series 4767, Class VZ, 4%, due 08/15/2047 3137FET75 309,943 $277,993.01 0.16%
HUNTINGTON BANCSHARES Variable rate, due 05/17/2033 446150BA1 290,000 $277,368.81 0.16%
MAVIS TIRE EXPRESS SERVI EOCGRO TL 1L USD LX289949 289,744 $288,006.77 0.16%
UNIVERSAL HEALTH SVCS 5.05%, due 10/15/2034 913903BC3 315,000 $290,035.17 0.16%
VIAVI SOLUTIONS INC 3.75%, due 10/01/2029 925550AF2 298,000 $277,911.58 0.16%
MURPHY OIL USA INC 5.875%, due 06/01/2034 626738AG3 287,000 $275,394.93 0.15%
NATWEST GROUP PLC Variable rate 639057AQ1 250,000 $265,277.50 0.15%
PENNYMAC FIN SVCS INC 6.75%, due 02/15/2034 70932MAH0 310,000 $271,226.90 0.15%
ANTICIMEX GLOBAL AB ANTISS TL B 1L USD LX274518 250,000 $251,852.50 0.14%
BANK OF MONTREAL Variable rate, due 11/26/2084 06368L5Q5 250,000 $251,769.50 0.14%
BEACH ACQUISITION BIDCO SKX TL B1 1L USD LX264893 250,000 $251,523.75 0.14%
BNP PARIBAS Variable rate 05602XJC3 250,000 $246,778.80 0.14%
CANADIAN IMPERIAL BANK Variable rate, due 10/28/2085 13607P7Y4 250,000 $249,483.85 0.14%
LLOYDS BANKING GROUP PLC Variable rate 53944YBB8 250,000 $247,138.65 0.14%
OPENLANE INC KAR TL B 1L USD LX270751 250,000 $251,250.00 0.14%
PRIMO BRANDS CORP PRMB TL B 1L USD LX287240 250,000 $251,475.00 0.14%
ROYAL BANK OF CANADA Variable rate, due 08/24/2085 780082AV5 250,000 $248,322.58 0.14%
SMYRNA READY MIX CONCRET SMYREA TL B 1L USD LX257799 250,000 $251,328.75 0.14%
TEVA PHARMACEUTICALS FIN NL III BV 4.10%, due 10/01/2046 88167AAF8 350,000 $255,609.48 0.14%
TK ELEVATOR US NEWCO INC THYELE TL B 1L USD LX259605 253,333 $254,870.73 0.14%
BUILDERS FIRSTSOURCE INC 6.75%, due 05/15/2035 12008RAT4 250,000 $240,223.25 0.13%
FIDELITY NATL INFO SERV 3.10%, due 03/01/2041 31620MBU9 350,000 $235,625.13 0.13%
NIPPON LIFE INSURANCE Variable rate, due 04/30/2055 654579AP6 235,000 $233,582.72 0.13%
TENET HEALTHCARE CORP 6.25%, due 09/15/2034 88033GDX5 240,000 $234,729.75 0.13%
ROCKET COS INC 6.50%, due 06/15/2034 77311WAF8 220,000 $214,524.98 0.12%
THE BOEING CO 6.625%, due 02/15/2038 097023AS4 205,000 $211,548.15 0.12%
BOOTS GROUP FINCO LP BOOTFN TL B 1L USD LX266542 191,437 $192,314.21 0.11%
CONAGRA BRANDS INC 5.30%, due 11/01/2038 205887CD2 220,000 $194,992.36 0.11%
SHEA HOMES LP/FNDG CP 6.625%, due 04/01/2032 82088KAM0 192,000 $191,123.44 0.11%
RHP HOTEL PPTY/RHP FINAN 6.25%, due 02/15/2035 74984CAB4 180,000 $174,080.16 0.10%
CSDC FINANCE I LLC 7.875%, due 10/01/2031 126315AA8 160,000 $159,184.28 0.09%
HYPERION REFINANCE SARL HYPINS TL B 1L USD LX277612 165,000 $160,650.00 0.09%
THE BOEING CO 3.55%, due 03/01/2038 097023BY0 200,000 $156,768.16 0.09%
CONAGRA BRANDS INC 5.40%, due 08/01/2031 205887CM2 135,000 $131,405.91 0.07%
ROCKETMTGE CO-ISSUER INC 4%, due 10/15/2033 77313LAB9 150,000 $128,582.49 0.07%
ALLIUM BUYER LLC ALIBUY TL B 1L USD LX294877 99,200 $99,696.00 0.06%
ISOTOPE FINCO 2 LLC ITRKLN TL B 1L USD 66,031 $65,865.73 0.04%
SMYRNA READY MIX CONCRETE 6%, due 11/01/2028 85236FAA1 74,000 $73,739.54 0.04%
DAIRYLAND USA CORP CHEF TL B 1L USD LX294917 50,000 $50,354.25 0.03%
GAINWELL ACQUISITION CORP 9%, due 09/01/2031 36312LAC4 51,000 $52,447.48 0.03%
LAMBDA COMPUTE II LLC LAMBCM TL B-CAPEX 1L USD LX295102 49,700 $49,933.09 0.03%
AZURIA WATER SOLUTN INC AEGN TL DD 1L USD LX282530 29,294 $29,264.83 0.02%
KASEYA INC Variable rate, due 03/20/2033 LX259601 59,472 $33,432.14 0.02%
ISOTOPE FINCO 2 LLC ITRKLN TL DD 1L USD 10,636 $10,609.27 0.01%
2026-11-20 US 10yr Ultra Fut Dec26 P 106 UXYZ6P 106 -5 ($6,875.00) 0.00%
GNMA G2 MA7192, 2%, due 02/20/2051 36179V7D6 0 ($0.01) 0.00%
US 10YR NOTE (CBT)Dec26 TYZ6 -62 ($6,501,281.25) 0.00%
US 10yr Ultra Fut Dec26 UXYZ6 21 $2,224,031.25 0.00%
US 2YR NOTE (CBT) Dec26 TUZ6 173 $35,191,984.55 0.00%
US 5YR NOTE (CBT) Dec26 FVZ6 97 $10,052,382.86 0.00%
US LONG BOND(CBT) Dec26 USZ6 40 $4,182,500.00 0.00%
US ULTRA BOND CBT Dec26 WNZ6 43 $4,547,250.00 0.00%
Holdings are subject to change.

The holdings information set forth above for the date indicated reflects creation and redemption transactions from the prior business day and may differ from the holdings information currently available from the Fund's custodian and accounting agent. With respect to the market value of the Fund's holdings set forth above, the pricing sources are generally third party vendors. The Fund ultimately relies on pricing information provided by the Fund's accounting agent.