# EDGAR Filing Document

**Accession Number:** 0001722478
**File Stem:** 0001145549-23-013575
**Filing Date:** 2023-2
**Character Count:** 214999
**Document Hash:** bc4bedc826d69d7176777ae825e93e48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-013575.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-013575

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PPM Funds
- **CENTRAL INDEX KEY:** 0001722478
- **IRS NUMBER:** 363714794
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23308
- **FILM NUMBER:** 23683307

**BUSINESS ADDRESS:**
- **STREET 1:** 225 WEST WACKER DRIVE
- **STREET 2:** SUITE 1200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126342500

**MAIL ADDRESS:**
- **STREET 1:** 225 WEST WACKER DRIVE
- **STREET 2:** SUITE 1200
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

## Series and Classes Contracts Data

### PPM Core Plus Fixed Income Fund (Series ID: S000061235)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000198333 | PPM Core Plus Fixed Income Fund (Inst) |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PPM Funds

- **b. Investment Company Act file number:** 811-23308

- **c. CIK number of Registrant:** 0001722478

- **d. LEI of Registrant:** 549300UPJLTA0X102E93

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 W. Wacker Drive

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-634-2500

**Item A.2. Information about the Series.**

- **a. Name of Series:** PPM Core Plus Fixed Income Fund

- **b. EDGAR series identifier (if any):** S000061235

- **c. LEI of Series:** 549300MDZOMM4ZCFYT38

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $51151630.33

**Total Liabilities:** $1942405.00

**Net Assets:** $49209225.33

**Delayed Delivery Securities:** $531919.42

**Cash Not Reported:** $147563.15

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 207.723019300000 | **1-Year:** 464.453265100000 | **5-Year:** 3827.453949000000 | **10-Year:** 7151.583720000000 | **30-Year:** 9033.378350000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 3.594367981000 | **1-Year:** 179.820725000000 | **5-Year:** 635.250505500000 | **10-Year:** 318.973808000000 | **30-Year:** 222.418938100000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000198333 | -0.92%               | 3.88%                | -0.52%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-368124.87              | $-85918.81                                 |
| Month 2  | $-291037.11              | $1921146.91                                |
| Month 3  | $-147660.26              | $-199111.99                                |

**Designated Index Information**

- **Index Name:** Bloomberg U.S. Aggregate Bond Index

- **Index Identifier:** LEH_AGG

### Schedule of Portfolio Investments

| Name                                                                        | Title                                                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| State Street Navigator Securities Lending Government Money Market Portfolio | State Street Navigator Securities Lending Government Money Market Portfolio | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1210861 | NS      | $1210861.25   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                      | FUTURE - PHYSICALLY DELIVERED                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         4 | NC      | $-1123.03     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                      | FUTURE - PHYSICALLY DELIVERED                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         8 | NC      | $-3206.99     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                      | FUTURE - PHYSICALLY DELIVERED                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |         2 | NC      | $-190.42      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                      | FUTURE - PHYSICALLY DELIVERED                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        14 | NC      | $-7678.02     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                      | FUTURE - PHYSICALLY DELIVERED                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |       -22 | NC      | $24292.74     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                      | FUTURE - PHYSICALLY DELIVERED                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | N/A              | DIR              | CORP              | US        |        12 | NC      | $-3793.90     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Ascension Health                                                            | Ascension Health                                                            | CUSIP: 04352EAA3<br>LEI: 549300IMOY6ECI21DH68 | Long             | DBT              | CORP              | US        |     28000 | PA      | $23988.21     | 0.05%             | 2029-11-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2021-2                                                | CCG Receivables Trust 2021-2                                                | CUSIP: 12511EAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    180731 | PA      | $172258.55    | 0.35%             | 2029-03-14      | Fixed         | 0.54%                 | No            |                  2 | On Loan: No      |
| COMM 2014-UBS3 Mortgage Trust                                               | COMM 2014-UBS3 Mortgage Trust                                               | CUSIP: 12591YBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     49000 | PA      | $47135.47     | 0.10%             | 2024-05-10      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                                         | NatWest Markets PLC                                                         | CUSIP: 63906YAD0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | US        |    242000 | PA      | $210090.50    | 0.43%             | 2026-09-29      | Fixed         | 1.60%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140GSPD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     27114 | PA      | $25979.02     | 0.05%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140GSPP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     48034 | PA      | $45614.60     | 0.09%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140HJ5U1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     38207 | PA      | $36499.50     | 0.07%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140HJHS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     59534 | PA      | $56762.01     | 0.12%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140J7TS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     79944 | PA      | $74015.11     | 0.15%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140X8L54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    190760 | PA      | $156926.09    | 0.32%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140XCNV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     33240 | PA      | $30878.58     | 0.06%             | 2036-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179SNU7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15744 | PA      | $14266.29     | 0.03%             | 2046-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179TCY9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    128266 | PA      | $123223.10    | 0.25%             | 2047-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179UH54<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18336 | PA      | $17998.29     | 0.04%             | 2048-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179UKW1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     34764 | PA      | $32407.46     | 0.07%             | 2049-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179UKY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3049 | PA      | $2995.68      | 0.01%             | 2049-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179UMM1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     31466 | PA      | $30916.01     | 0.06%             | 2049-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179VDP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18076 | PA      | $16841.11     | 0.03%             | 2050-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179VFP0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     52994 | PA      | $47746.53     | 0.10%             | 2050-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179VKL3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33161 | PA      | $29857.02     | 0.06%             | 2050-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    342311 | PA      | $298233.58    | 0.61%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WBZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     83929 | PA      | $75271.29     | 0.15%             | 2051-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179XLG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    299275 | PA      | $290463.73    | 0.59%             | 2052-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Peraton Corp.                                                               | Peraton Corp.                                                               | CUSIP: 71360HAB3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     68430 | PA      | $66704.50     | 0.14%             | 2028-02-22      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Adient US LLC                                                               | Adient US LLC                                                               | CUSIP: 00687MAC5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     77998 | PA      | $77046.97     | 0.16%             | 2028-04-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| EQM Midstream Partners, LP                                                  | EQM Midstream Partners, LP                                                  | CUSIP: 26885BAK6<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |     31000 | PA      | $26226.41     | 0.05%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corporation                                                   | Southwest Gas Corporation                                                   | CUSIP: 845011AE5<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43846.17     | 0.09%             | 2032-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Southwestern Energy Company                                                 | Southwestern Energy Company                                                 | CUSIP: 845467AT6<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |    121000 | PA      | $103313.69    | 0.21%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| State Street Corporation                                                    | State Street Corporation                                                    | CUSIP: 857477BX0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45195.80     | 0.09%             | 2026-11-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State Street Corporation                                                    | State Street Corporation                                                    | CUSIP: 857477BY8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48551.79     | 0.10%             | 2028-11-04      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating Limited Partnership                               | Sun Communities Operating Limited Partnership                               | CUSIP: 866677AE7<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |     57000 | PA      | $44940.66     | 0.09%             | 2031-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating Limited Partnership                               | Sun Communities Operating Limited Partnership                               | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |     65000 | PA      | $54075.50     | 0.11%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                          | T-Mobile USA, Inc.                                                          | CUSIP: 87264ABU8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    236000 | PA      | $216149.04    | 0.44%             | 2026-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Tampa Electric Company                                                      | Tampa Electric Company                                                      | CUSIP: 875127BJ0<br>LEI: WS423EPRKJIIJUITXD73 | Long             | DBT              | CORP              | US        |     87000 | PA      | $61175.25     | 0.12%             | 2051-03-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP                                                 | Targa Resources Partners LP                                                 | CUSIP: 87612BBQ4<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56542.09     | 0.11%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP                                                 | Targa Resources Partners LP                                                 | CUSIP: 87612BBS0<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |     56000 | PA      | $50598.88     | 0.10%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                       | Targa Resources Corp.                                                       | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51918.60     | 0.11%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Toll Brothers Finance Corp.                                                 | Toll Brothers Finance Corp.                                                 | CUSIP: 88947EAU4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $136410.98    | 0.28%             | 2029-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: —       |
| The Toronto-Dominion Bank                                                   | The Toronto-Dominion Bank                                                   | CUSIP: 89117F8Z5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206518.20    | 0.42%             | 2082-10-31      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corporation                                             | Toyota Motor Credit Corporation                                             | CUSIP: 89236TKJ3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167698.56    | 0.34%             | 2027-09-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Transocean Proteus Limited                                                  | Transocean Proteus Limited                                                  | CUSIP: 893829AA9<br>LEI: 5493000CTMQ2LH21VM89 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69300.40     | 0.14%             | 2024-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Transocean Poseidon Limited                                                 | Transocean Poseidon Limited                                                 | CUSIP: 89383JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42875 | PA      | $41776.15     | 0.08%             | 2027-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912796X53<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    435000 | PA      | $426235.36    | 0.87%             | 2023-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: —       |
| Safeway Inc.                                                                | Safeway Inc.                                                                | CUSIP: 013092AD3<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99414.04     | 0.20%             | 2023-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 01F050619<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    195000 | PA      | $192288.37    | 0.39%             | 2053-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                            | Amazon.com, Inc.                                                            | CUSIP: 023135BF2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     90000 | PA      | $79967.68     | 0.16%             | 2037-08-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                            | Amazon.com, Inc.                                                            | CUSIP: 023135BZ8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    115000 | PA      | $94119.25     | 0.19%             | 2031-05-12      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| CIM Trust 2021-J2                                                           | CIM Trust 2021-J2                                                           | CUSIP: 12564EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149330 | PA      | $119965.39    | 0.24%             | 2042-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                                      | General Motors Company                                                      | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    106000 | PA      | $98849.40     | 0.20%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company, Inc.                                      | General Motors Financial Company, Inc.                                      | CUSIP: 37045XDS2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     48000 | PA      | $37703.09     | 0.08%             | 2032-01-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust 2022-3                                | GM Financial Automobile Leasing Trust 2022-3                                | CUSIP: 380130AB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    143000 | PA      | $141736.41    | 0.29%             | 2024-01-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| The Goldman Sachs Group, Inc.                                               | The Goldman Sachs Group, Inc.                                               | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46577.03     | 0.09%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| The Goldman Sachs Group, Inc.                                               | The Goldman Sachs Group, Inc.                                               | CUSIP: 38141GXH2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    211000 | PA      | $189620.38    | 0.39%             | 2030-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                    | HCA Inc.                                                                    | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30191.83     | 0.06%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                    | HCA Inc.                                                                    | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     57000 | PA      | $49043.07     | 0.10%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust 2021-C                                       | Hyundai Auto Receivables Trust 2021-C                                       | CUSIP: 44935FAF1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     53000 | PA      | $47152.48     | 0.10%             | 2025-11-15      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| Icahn Enterprises L.P.                                                      | Icahn Enterprises L.P.                                                      | CUSIP: 451102BW6<br>LEI: 549300T0G4GS0SINS786 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27071.49     | 0.06%             | 2024-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ineos Quattro Finance 2 PLC                                                 | Ineos Quattro Finance 2 PLC                                                 | CUSIP: 45674GAA2<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | US        |    110000 | PA      | $99496.02     | 0.20%             | 2026-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                             | Intercontinental Exchange, Inc.                                             | CUSIP: 45866FAK0<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     40000 | PA      | $32639.99     | 0.07%             | 2030-06-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: —       |
| Intercontinental Exchange, Inc.                                             | Intercontinental Exchange, Inc.                                             | CUSIP: 45866FAX2<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23321.73     | 0.05%             | 2052-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JBS USA Food Company                                                        | JBS USA Food Company                                                        | CUSIP: 46590XAB2<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47534.76     | 0.10%             | 2030-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JBS USA Food Company                                                        | JBS USA Food Company                                                        | CUSIP: 46590XAH9<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | US        |     62000 | PA      | $59233.40     | 0.12%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JBS USA Food Company                                                        | JBS USA Food Company                                                        | CUSIP: 46590XAJ5<br>LEI: P77IMDGVZE8EFBTF2M92 | Long             | DBT              | CORP              | US        |    170000 | PA      | $161618.70    | 0.33%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Marathon Oil Corporation                                                    | Marathon Oil Corporation                                                    | CUSIP: 565849AP1<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |    103000 | PA      | $98502.78     | 0.20%             | 2027-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133ARVS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    156667 | PA      | $128341.94    | 0.26%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133AUTC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    150770 | PA      | $129560.06    | 0.26%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140XHEY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     72311 | PA      | $67973.24     | 0.14%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418CRC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     11242 | PA      | $10425.49     | 0.02%             | 2047-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418CV27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     28590 | PA      | $26459.34     | 0.05%             | 2048-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418DFS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     32801 | PA      | $31184.17     | 0.06%             | 2049-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418ECV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     69870 | PA      | $64076.71     | 0.13%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418EDH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     70028 | PA      | $64221.17     | 0.13%             | 2037-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| First Investors Auto Owner Trust 2021-1                                     | First Investors Auto Owner Trust 2021-1                                     | CUSIP: 32059FAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     21861 | PA      | $21601.45     | 0.04%             | 2023-12-15      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                               | Ford Motor Credit Company LLC                                               | CUSIP: 345397YT4<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    155000 | PA      | $136008.13    | 0.28%             | 2027-11-02      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179S5L7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    287194 | PA      | $268241.30    | 0.55%             | 2047-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WDS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    102567 | PA      | $91953.86     | 0.19%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WJT6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    120034 | PA      | $111324.88    | 0.23%             | 2051-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WND6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    120461 | PA      | $101418.69    | 0.21%             | 2051-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WXK9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     84612 | PA      | $75553.26     | 0.15%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WY85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    172871 | PA      | $145043.97    | 0.29%             | 2052-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179XHX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    218956 | PA      | $207302.85    | 0.42%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLP Financing, LLC                                                          | GLP Financing, LLC                                                          | CUSIP: 361841AK5<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14690.61     | 0.03%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GLP Financing, LLC                                                          | GLP Financing, LLC                                                          | CUSIP: 361841AR0<br>LEI: 2549005PXW31DRW8EC44 | Long             | DBT              | CORP              | US        |     37000 | PA      | $29607.40     | 0.06%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Enel Finance International N.V.                                             | Enel Finance International N.V.                                             | CUSIP: 29278GBA5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | US        |     32000 | PA      | $34006.42     | 0.07%             | 2032-10-14      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                          | Energy Transfer LP                                                          | CUSIP: 29278NAD5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41310.90     | 0.08%             | 2038-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Energy Transfer Operating, L.P.                                             | Energy Transfer Operating, L.P.                                             | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37355.50     | 0.08%             | 2049-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     80000 | PA      | $64250.00     | 0.13%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    441000 | PA      | $401930.13    | 0.82%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    640000 | PA      | $545000.00    | 1.11%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912828ZE3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    265000 | PA      | $229928.89    | 0.47%             | 2027-03-31      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CBC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    525000 | PA      | $468890.63    | 0.95%             | 2025-12-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CBH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    845000 | PA      | $751521.88    | 1.53%             | 2026-01-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    290000 | PA      | $251575.00    | 0.51%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    905000 | PA      | $782118.01    | 1.59%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CCZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $177562.50    | 0.36%             | 2026-09-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    403000 | PA      | $327878.30    | 0.67%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CDK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $44843.75     | 0.09%             | 2026-11-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     82000 | PA      | $69495.00     | 0.14%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1966600 | PA      | $1811730.25   | 3.68%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    964000 | PA      | $908570.00    | 1.85%             | 2027-05-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    310000 | PA      | $281954.67    | 0.57%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| EQM Midstream Partners, LP                                                  | EQM Midstream Partners, LP                                                  | CUSIP: 26885BAB6<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |    113000 | PA      | $100389.89    | 0.20%             | 2026-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Essential Properties, L.P.                                                  | Essential Properties, L.P.                                                  | CUSIP: 29670VAA7<br>LEI: 254900XX9FNFCDE1NX02 | Long             | DBT              | CORP              | US        |     78000 | PA      | $56734.63     | 0.12%             | 2031-07-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                                           | Eversource Energy                                                           | CUSIP: 30040WAP3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |     80000 | PA      | $69522.80     | 0.14%             | 2032-03-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FS KKR Capital Corp.                                                        | FS KKR Capital Corp.                                                        | CUSIP: 302635AG2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |    102000 | PA      | $90582.20     | 0.18%             | 2026-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FS KKR Capital Corp.                                                        | FS KKR Capital Corp.                                                        | CUSIP: 302635AK3<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |     90000 | PA      | $72798.15     | 0.15%             | 2028-10-12      | Fixed         | 3.13%                 | No            |                  2 | On Loan: —       |
| Meta Platforms, Inc.                                                        | Meta Platforms, Inc.                                                        | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    130000 | PA      | $114391.80    | 0.23%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                        | Meta Platforms, Inc.                                                        | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    130000 | PA      | $103304.59    | 0.21%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| F&G Global Funding                                                          | F&G Global Funding                                                          | CUSIP: 30321L2C5<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $99428.14     | 0.20%             | 2028-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3128MJ3A6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     85834 | PA      | $79617.30     | 0.16%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3128MJ4B3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     11668 | PA      | $11145.76     | 0.02%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2021-4                   | GM Financial Consumer Automobile Receivables Trust 2021-4                   | CUSIP: 362554AE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     85000 | PA      | $75949.61     | 0.15%             | 2027-10-18      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2022-2                   | GM Financial Consumer Automobile Receivables Trust 2022-2                   | CUSIP: 362585AE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    107000 | PA      | $102309.18    | 0.21%             | 2028-04-17      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Santos Finance Ltd                                                          | Santos Finance Ltd                                                          | CUSIP: 803014AA7<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | US        |    153000 | PA      | $122042.07    | 0.25%             | 2031-04-29      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810QS0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    461000 | PA      | $437805.94    | 0.89%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810QT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    316000 | PA      | $272846.25    | 0.55%             | 2041-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912828M56<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    585000 | PA      | $553556.25    | 1.12%             | 2025-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Incorporated                                             | UnitedHealth Group Incorporated                                             | CUSIP: 91324PEK4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    155000 | PA      | $144110.63    | 0.29%             | 2052-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust 2022-A                                                  | CNH Equipment Trust 2022-A                                                  | CUSIP: 12660DAB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    144715 | PA      | $142460.37    | 0.29%             | 2024-01-16      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust 2022-B                                                  | CNH Equipment Trust 2022-B                                                  | CUSIP: 12663JAB7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    181000 | PA      | $179393.98    | 0.36%             | 2025-12-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| CVS Health Corporation                                                      | CVS Health Corporation                                                      | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    130000 | PA      | $119087.25    | 0.24%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust 2022-2                             | Capital One Prime Auto Receivables Trust 2022-2                             | CUSIP: 14043GAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    246000 | PA      | $243131.71    | 0.49%             | 2025-09-15      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings LLC                                                    | Celanese US Holdings LLC                                                    | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    115000 | PA      | $111933.22    | 0.23%             | 2029-07-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Centene Corporation                                                         | Centene Corporation                                                         | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    168000 | PA      | $137516.97    | 0.28%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Centene Corporation                                                         | Centene Corporation                                                         | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    285000 | PA      | $223246.09    | 0.45%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                                       | Charter Communications Operating, LLC                                       | CUSIP: 161175BC7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     51000 | PA      | $47385.57     | 0.10%             | 2055-10-23      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                                       | Charter Communications Operating, LLC                                       | CUSIP: 161175BM5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     45000 | PA      | $37601.78     | 0.08%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating, LLC                                       | Charter Communications Operating, LLC                                       | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     50000 | PA      | $36531.17     | 0.07%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                                        | Chase Issuance Trust                                                        | CUSIP: 161571HS6<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-CBDO         | CORP              | US        |    160000 | PA      | $155828.13    | 0.32%             | 2025-09-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners, L.P.                                              | Cheniere Energy Partners, L.P.                                              | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $112503.08    | 0.23%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners, L.P.                                              | Cheniere Energy Partners, L.P.                                              | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |     20000 | PA      | $15930.22     | 0.03%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                         | Comcast Corporation                                                         | CUSIP: 20030NCG4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     13000 | PA      | $10438.37     | 0.02%             | 2052-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                         | Comcast Corporation                                                         | CUSIP: 20030NDH1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     35000 | PA      | $28979.30     | 0.06%             | 2040-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Duquesne Light Holdings, Inc.                                               | Duquesne Light Holdings, Inc.                                               | CUSIP: 266233AH8<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |     61000 | PA      | $48456.97     | 0.10%             | 2030-10-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: —       |
| Edison International                                                        | Edison International                                                        | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     76000 | PA      | $79625.36     | 0.16%             | 2029-11-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                          | Energy Transfer LP                                                          | CUSIP: 29273VAL4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    102000 | PA      | $88230.00     | 0.18%             | 2500-12-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2022-2                   | GM Financial Consumer Automobile Receivables Trust 2022-2                   | CUSIP: 362585AC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    104000 | PA      | $100907.10    | 0.21%             | 2027-02-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                              | Citigroup Inc.                                                              | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103194.55    | 0.21%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CNO Global Funding                                                          | CNO Global Funding                                                          | CUSIP: 18977W2C3<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |    150000 | PA      | $127113.88    | 0.26%             | 2029-01-06      | Fixed         | 2.65%                 | No            |                  2 | On Loan: —       |
| Comcast Corporation                                                         | Comcast Corporation                                                         | CUSIP: 20030NBU4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     50000 | PA      | $36893.74     | 0.07%             | 2046-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida, LLC                                                    | Duke Energy Florida, LLC                                                    | CUSIP: 26444HAN1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    109000 | PA      | $116655.15    | 0.24%             | 2052-11-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                              | EPR Properties                                                              | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51376.90     | 0.10%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                          | Energy Transfer LP                                                          | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    119000 | PA      | $99411.04     | 0.20%             | 2500-12-31      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                          | Energy Transfer LP                                                          | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17371.46     | 0.04%             | 2500-12-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Credit Suisse AG                                                            | Credit Suisse AG                                                            | CUSIP: 22550L2J9<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | US        |    138000 | PA      | $131823.95    | 0.27%             | 2024-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132D6C99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    135001 | PA      | $129313.44    | 0.26%             | 2037-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3128MJY61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     21721 | PA      | $19551.24     | 0.04%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3131Y1GX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     17905 | PA      | $17104.97     | 0.03%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     68525 | PA      | $64349.75     | 0.13%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132DWEQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     55000 | PA      | $50032.44     | 0.10%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     44209 | PA      | $41515.67     | 0.08%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132DWET6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     77542 | PA      | $76527.31     | 0.16%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132D6CF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     51864 | PA      | $49695.11     | 0.10%             | 2037-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132D6CU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     53223 | PA      | $50997.93     | 0.10%             | 2037-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132L7F95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     13950 | PA      | $13452.41     | 0.03%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132XSE22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    145381 | PA      | $139424.02    | 0.28%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     57528 | PA      | $47001.06     | 0.10%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     60000 | PA      | $59177.44     | 0.12%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132XTKV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     27636 | PA      | $25651.53     | 0.05%             | 2047-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133ARSC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    100901 | PA      | $82403.08     | 0.17%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UFC Holdings, LLC                                                           | UFC Holdings, LLC                                                           | CUSIP: 90266UAJ2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     51806 | PA      | $51057.58     | 0.10%             | 2026-04-29      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                                  | Amgen Inc.                                                                  | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     62000 | PA      | $45910.88     | 0.09%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch Companies, LLC                                               | Anheuser-Busch Companies, LLC                                               | CUSIP: 03522AAH3<br>LEI: 5493002J2SVENP0PVK27 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188554.52    | 0.38%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide Inc.                                         | Anheuser-Busch InBev Worldwide Inc.                                         | CUSIP: 03523TBU1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    141000 | PA      | $140235.10    | 0.28%             | 2039-01-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust 2021-B                              | Hyundai Auto Lease Securitization Trust 2021-B                              | CUSIP: 44891VAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    265000 | PA      | $261000.62    | 0.53%             | 2024-06-17      | Fixed         | 0.33%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust 2022-C                              | Hyundai Auto Lease Securitization Trust 2022-C                              | CUSIP: 448978AD8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $98635.82     | 0.20%             | 2024-12-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                    | University of Washington                                                    | CUSIP: 940663AD9<br>LEI: 2V765680J33YAZOYW441 | Long             | DBT              | CORP              | US        |     76000 | PA      | $59908.81     | 0.12%             | 2122-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     96758 | PA      | $85081.17     | 0.17%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                          | Southern California Edison Company                                          | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     88000 | PA      | $90864.40     | 0.18%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Transocean Pontus Limited                                                   | Transocean Pontus Limited                                                   | CUSIP: 89382PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11200 | PA      | $11022.44     | 0.02%             | 2025-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Trinity Healthcare Group Pte. Ltd.                                          | Trinity Healthcare Group Pte. Ltd.                                          | CUSIP: 896517AB5<br>LEI: TWSRHFGEDJDX0GKMGJ67 | Long             | DBT              | CORP              | US        |     11000 | PA      | $7552.61      | 0.02%             | 2040-12-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| The Trustees of Princeton University                                        | The Trustees of Princeton University                                        | CUSIP: 89837LAH8<br>LEI: 549300PJZYINN64GDJ90 | Long             | DBT              | CORP              | US        |     78000 | PA      | $71703.88     | 0.15%             | 2052-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                | UBS Group AG                                                                | CUSIP: 902613AT5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | US        |     67000 | PA      | $62022.03     | 0.13%             | 2033-08-05      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass Through Certificates, Series 2015-1                    | United Airlines Pass Through Certificates, Series 2015-1                    | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |     37000 | PA      | $32290.40     | 0.07%             | 2029-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912796ZD4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    567000 | PA      | $543644.65    | 1.10%             | 2023-11-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: —       |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 91282CGA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    260000 | PA      | $258375.00    | 0.53%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Incorporated                                             | UnitedHealth Group Incorporated                                             | CUSIP: 91324PEQ1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    207000 | PA      | $213947.31    | 0.43%             | 2030-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Yara International ASA                                                      | Yara International ASA                                                      | CUSIP: 984851AH8<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | US        |     87000 | PA      | $90852.37     | 0.18%             | 2032-11-14      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Nordic Aviation Capital Designated Activity Company                         | Nordic Aviation Capital Designated Activity Company                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      1215 | NS      | $21870.00     | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| CSC Holdings, LLC                                                           | CSC Holdings, LLC                                                           | CUSIP: 64072UAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     42632 | PA      | $40180.26     | 0.08%             | 2025-07-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Traverse Midstream Partners LLC                                             | Traverse Midstream Partners LLC                                             | CUSIP: 89435TAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     27018 | PA      | $26924.81     | 0.05%             | 2024-09-22      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| PCI Gaming Authority                                                        | PCI Gaming Authority                                                        | CUSIP: 70455DAG9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    109653 | PA      | $108830.57    | 0.22%             | 2026-05-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Nexstar Broadcasting, Inc.                                                  | Nexstar Broadcasting, Inc.                                                  | CUSIP: 65336RAW8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     40013 | PA      | $39643.24     | 0.08%             | 2026-07-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc. (New)                                                | Genesee & Wyoming Inc. (New)                                                | CUSIP: 55316HAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     49598 | PA      | $49275.12     | 0.10%             | 2026-10-29      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Marriott Ownership Resorts, Inc.                                            | Marriott Ownership Resorts, Inc.                                            | CUSIP: 57163KAH1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    100000 | PA      | $98700.00     | 0.20%             | 2025-08-29      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| CenturyLink, Inc.                                                           | CenturyLink, Inc.                                                           | CUSIP: 15669GAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     96942 | PA      | $91939.29     | 0.19%             | 2027-03-15      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Caesars Resort Collection, LLC                                              | Caesars Resort Collection, LLC                                              | CUSIP: 12769LAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     45761 | PA      | $45604.51     | 0.09%             | 2025-06-19      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| INEOS Styrolution US Holding LLC                                            | INEOS Styrolution US Holding LLC                                            | CUSIP: G4770MAH7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     26595 | PA      | $26083.05     | 0.05%             | 2026-01-21      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Carnival Corporation                                                        | Carnival Corporation                                                        | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | US        |     51000 | PA      | $41549.24     | 0.08%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133AXTV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    107081 | PA      | $91380.97     | 0.19%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 01F040610<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    135000 | PA      | $126731.18    | 0.26%             | 2053-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Antero Midstream Partners LP                                                | Antero Midstream Partners LP                                                | CUSIP: 03690AAH9<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |     18000 | PA      | $16465.08     | 0.03%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Finance Corporation                                      | Berkshire Hathaway Finance Corporation                                      | CUSIP: 084664CV1<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |     95000 | PA      | $63905.94     | 0.13%             | 2050-10-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| BlackRock, Inc.                                                             | BlackRock, Inc.                                                             | CUSIP: 09247XAS0<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |    188000 | PA      | $151326.18    | 0.31%             | 2032-02-25      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                                      | Blackstone Holdings Finance Co. L.L.C.                                      | CUSIP: 09261BAD2<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |     69000 | PA      | $50762.49     | 0.10%             | 2032-01-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Helmerich & Payne, Inc.                                                     | Helmerich & Payne, Inc.                                                     | CUSIP: 423452AG6<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |     45000 | PA      | $36433.27     | 0.07%             | 2031-09-29      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Pacific Gas And Electric Company                                            | Pacific Gas And Electric Company                                            | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     58000 | PA      | $47147.42     | 0.10%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Pacific Gas And Electric Company                                            | Pacific Gas And Electric Company                                            | CUSIP: 694308KG1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    134000 | PA      | $130852.37    | 0.27%             | 2032-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140K4SS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     14602 | PA      | $12984.50     | 0.03%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418CKW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      6592 | PA      | $6479.35      | 0.01%             | 2047-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                               | Sabine Pass Liquefaction, LLC                                               | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    300000 | PA      | $281993.88    | 0.57%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                                               | Sabine Pass Liquefaction, LLC                                               | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74301.36     | 0.15%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     41275 | PA      | $38250.31     | 0.08%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418EFG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    117682 | PA      | $110282.50    | 0.22%             | 2037-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| San Diego Gas & Electric Company                                            | San Diego Gas & Electric Company                                            | CUSIP: 797440BZ6<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     72000 | PA      | $57058.99     | 0.12%             | 2030-10-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij N.V.                                      | Siemens Financieringsmaatschappij N.V.                                      | CUSIP: 82620KBE2<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | US        |     46000 | PA      | $37442.10     | 0.08%             | 2031-03-11      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418EGC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    117091 | PA      | $112194.85    | 0.23%             | 2037-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418EHP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     58103 | PA      | $57342.44     | 0.12%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd.                                                            | SkyMiles IP Ltd.                                                            | CUSIP: 830867AA5<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9747.22      | 0.02%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SkyMiles IP Ltd.                                                            | SkyMiles IP Ltd.                                                            | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |     16000 | PA      | $15070.55     | 0.03%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                 | Verizon Communications Inc.                                                 | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     84000 | PA      | $74004.61     | 0.15%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                 | Verizon Communications Inc.                                                 | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     47000 | PA      | $36501.97     | 0.07%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418EKK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     53921 | PA      | $52616.67     | 0.11%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418ELU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     89757 | PA      | $81650.48     | 0.17%             | 2052-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                 | Verizon Communications Inc.                                                 | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     74000 | PA      | $60884.71     | 0.12%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                        | Verizon Master Trust                                                        | CUSIP: 92348KAV5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    114000 | PA      | $112013.81    | 0.23%             | 2024-01-22      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                         | Fifth Third Bancorp                                                         | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    142000 | PA      | $146198.34    | 0.30%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| First Investors Auto Owner Trust 2021-2                                     | First Investors Auto Owner Trust 2021-2                                     | CUSIP: 32057JAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     56556 | PA      | $54677.80     | 0.11%             | 2024-10-15      | Fixed         | 0.48%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                                          | Ford Motor Company                                                          | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     36000 | PA      | $33352.49     | 0.07%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: —       |
| Ford Motor Credit Company LLC                                               | Ford Motor Credit Company LLC                                               | CUSIP: 345397A60<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72303.49     | 0.15%             | 2025-06-16      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust 2017-C38                              | Wells Fargo Commercial Mortgage Trust 2017-C38                              | CUSIP: 95001MAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     57000 | PA      | $50054.45     | 0.10%             | 2027-06-17      | Variable      | 3.92%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities Trust                                | Wells Fargo Mortgage Backed Securities Trust                                | CUSIP: 95002TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39531 | PA      | $32736.32     | 0.07%             | 2042-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                               | Ford Motor Credit Company LLC                                               | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     13000 | PA      | $11616.85     | 0.02%             | 2027-08-17      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                               | Ford Motor Credit Company LLC                                               | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    235000 | PA      | $240804.50    | 0.49%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133GCVL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     79042 | PA      | $70552.65     | 0.14%             | 2036-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2021-3                                | Westlake Automobile Receivables Trust 2021-3                                | CUSIP: 96043JAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    192000 | PA      | $186366.70    | 0.38%             | 2025-06-16      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Cimpress Public Limited Company                                             | Cimpress Public Limited Company                                             | CUSIP: N2014AAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     12469 | PA      | $11155.61     | 0.02%             | 2028-04-29      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140K4UB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     99950 | PA      | $89004.22     | 0.18%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140KABJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    215395 | PA      | $184655.91    | 0.38%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WDR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     92013 | PA      | $80136.16     | 0.16%             | 2051-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae II                                                               | Ginnie Mae II                                                               | CUSIP: 36179WJR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    109435 | PA      | $95172.90     | 0.19%             | 2051-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                                    | Hertz Corporation, (The)                                                    | CUSIP: 42804VBB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     10592 | PA      | $10360.73     | 0.02%             | 2028-06-11      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140KRCZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     43259 | PA      | $37017.96     | 0.08%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140KUVQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    201606 | PA      | $165723.00    | 0.34%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140KYCT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    164861 | PA      | $140740.92    | 0.29%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140M83M9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     55626 | PA      | $45516.92     | 0.09%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140MFYQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    159971 | PA      | $145522.53    | 0.30%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140N5MT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     31661 | PA      | $30895.04     | 0.06%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                              | Citigroup Inc.                                                              | CUSIP: 172967MG3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     83000 | PA      | $74036.86     | 0.15%             | 2500-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Citigroup Inc.                                                              | Citigroup Inc.                                                              | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    125000 | PA      | $102514.80    | 0.21%             | 2031-01-29      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                              | Citigroup Inc.                                                              | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     72000 | PA      | $57833.56     | 0.12%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Dallas/Fort Worth International Airport                                     | Dallas/Fort Worth International Airport                                     | CUSIP: 2350368N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $39466.75     | 0.08%             | 2046-11-01      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| DIRECTV Financing, LLC                                                      | DIRECTV Financing, LLC                                                      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $33180.53     | 0.07%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                              | EPR Properties                                                              | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |     61000 | PA      | $44042.28     | 0.09%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3128MJXR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    176034 | PA      | $164495.86    | 0.33%             | 2046-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132ACM80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     44324 | PA      | $41075.22     | 0.08%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132XTMS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     12163 | PA      | $11289.57     | 0.02%             | 2047-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132XUU37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     35829 | PA      | $33234.37     | 0.07%             | 2047-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company                          | AerCap Ireland Capital Designated Activity Company                          | CUSIP: 00774MAV7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | US        |    165000 | PA      | $144301.65    | 0.29%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132XYXM4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     16852 | PA      | $15600.22     | 0.03%             | 2048-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3132Y33P7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     10671 | PA      | $10456.11     | 0.02%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company                          | AerCap Ireland Capital Designated Activity Company                          | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | US        |    211000 | PA      | $177090.43    | 0.36%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Company                          | AerCap Ireland Capital Designated Activity Company                          | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | US        |     25000 | PA      | $19532.83     | 0.04%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| The Boeing Company                                                          | The Boeing Company                                                          | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    160000 | PA      | $156012.90    | 0.32%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133A45H5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    128544 | PA      | $110198.94    | 0.22%             | 2050-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133A7PW3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     43639 | PA      | $37384.20     | 0.08%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                  | Air Canada                                                                  | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31093.80     | 0.06%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| American Tower Trust #1                                                     | American Tower Trust #1                                                     | CUSIP: 03027WAJ1<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | ABS-MBS          | CORP              | US        |    265000 | PA      | $263436.69    | 0.54%             | 2023-03-15      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2022-4                                           | J.P. Morgan Mortgage Trust 2022-4                                           | CUSIP: 46655GAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    176911 | PA      | $147969.31    | 0.30%             | 2043-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| KKR Group Finance Co. XII LLC                                               | KKR Group Finance Co. XII LLC                                               | CUSIP: 48255GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $61741.96     | 0.13%             | 2032-05-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133APVS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    130789 | PA      | $107224.14    | 0.22%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133AQXA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    193395 | PA      | $158429.14    | 0.32%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Americredit Automobile Receivables Trust 2019-3                             | Americredit Automobile Receivables Trust 2019-3                             | CUSIP: 03066NAE4<br>LEI: 5493003R0K8V08JVGR27 | Long             | ABS-CBDO         | CORP              | US        |     46287 | PA      | $46242.75     | 0.09%             | 2025-07-18      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital PLC                                                  | Anglo American Capital PLC                                                  | CUSIP: 034863AX8<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $40709.18     | 0.08%             | 2030-09-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Kohl's Corporation                                                          | Kohl's Corporation                                                          | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |     41000 | PA      | $28700.00     | 0.06%             | 2031-05-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust 2020-1                                            | Kubota Credit Owner Trust 2020-1                                            | CUSIP: 50117TAC5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    100000 | PA      | $95573.38     | 0.19%             | 2025-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust 2020-A                                         | Hilton Grand Vacations Trust 2020-A                                         | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     57344 | PA      | $53941.79     | 0.11%             | 2039-02-25      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables 2022-2 Owner Trust                                   | Honda Auto Receivables 2022-2 Owner Trust                                   | CUSIP: 43815PAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    126000 | PA      | $124844.38    | 0.25%             | 2024-03-18      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| LSEGA Financing PLC                                                         | LSEGA Financing PLC                                                         | CUSIP: 50220PAD5<br>LEI: 2138009YFYTGEHZNNZ09 | Long             | DBT              | CORP              | US        |     90000 | PA      | $74652.55     | 0.15%             | 2031-04-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LSEGA Financing PLC                                                         | LSEGA Financing PLC                                                         | CUSIP: 50220PAE3<br>LEI: 2138009YFYTGEHZNNZ09 | Long             | DBT              | CORP              | US        |     28000 | PA      | $20555.57     | 0.04%             | 2041-04-06      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Hudson Yards 2019-30HY Mortgage Trust                                       | Hudson Yards 2019-30HY Mortgage Trust                                       | CUSIP: 44421GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $128600.22    | 0.26%             | 2029-07-12      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank                                                | The Huntington National Bank                                                | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251028.46    | 0.51%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                                                    | Hyatt Hotels Corporation                                                    | CUSIP: 448579AH5<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44671.28     | 0.09%             | 2025-04-23      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Manhattan West 2020-1MW Mortgage Trust                                      | Manhattan West 2020-1MW Mortgage Trust                                      | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201074 | PA      | $171727.05    | 0.35%             | 2027-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                    | Lloyds Banking Group PLC                                                    | CUSIP: 539439AU3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | US        |    109000 | PA      | $106144.20    | 0.22%             | 2500-12-31      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Lowe`s Companies, Inc.                                                      | Lowe`s Companies, Inc.                                                      | CUSIP: 548661DZ7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     36000 | PA      | $23085.19     | 0.05%             | 2050-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| M.D.C. Holdings, Inc.                                                       | M.D.C. Holdings, Inc.                                                       | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |     11000 | PA      | $9001.00      | 0.02%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Macys Retail Holdings                                                       | Macys Retail Holdings                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     69000 | PA      | $59976.49     | 0.12%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Macys Retail Holdings                                                       | Macys Retail Holdings                                                       | CUSIP: 55617LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $33621.21     | 0.07%             | 2032-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Magallanes, Inc.                                                            | Magallanes, Inc.                                                            | CUSIP: 55903VAN3<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    175000 | PA      | $134575.19    | 0.27%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Pacific Gas And Electric Company                                            | Pacific Gas And Electric Company                                            | CUSIP: 694308JQ1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    181000 | PA      | $141778.22    | 0.29%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Service Electric And Gas Company                                     | Public Service Electric And Gas Company                                     | CUSIP: 74456QCK0<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    126000 | PA      | $126268.81    | 0.26%             | 2032-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                              | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    135000 | PA      | $141266.52    | 0.29%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| NAC Aviation 29 Designated Activity Company                                 | NAC Aviation 29 Designated Activity Company                                 | CUSIP: 62877CAA1<br>LEI: 213800F6E89RCASJ7E83 | Long             | DBT              | CORP              | US        |     68901 | PA      | $55293.05     | 0.11%             | 2026-06-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Incorporated                                | Public Service Enterprise Group Incorporated                                | CUSIP: 744573AV8<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159668.87    | 0.32%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Resorts World Las Vegas LLC                                                 | Resorts World Las Vegas LLC                                                 | CUSIP: 76120HAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $134875.00    | 0.27%             | 2031-04-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust 2021-B                                    | Santander Retail Auto Lease Trust 2021-B                                    | CUSIP: 80286DAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    101000 | PA      | $97602.81     | 0.20%             | 2024-08-20      | Fixed         | 0.51%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Incorporated                                             | UnitedHealth Group Incorporated                                             | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    102000 | PA      | $110745.62    | 0.23%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Incorporated                                             | UnitedHealth Group Incorporated                                             | CUSIP: 91324PET5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     71000 | PA      | $78181.54     | 0.16%             | 2063-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                              | Var Energi ASA                                                              | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | US        |    240000 | PA      | $247416.31    | 0.50%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass, LLC                                          | Venture Global Calcasieu Pass, LLC                                          | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      8000 | PA      | $7004.20      | 0.01%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                 | Verizon Communications Inc.                                                 | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     89000 | PA      | $85941.27     | 0.17%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| VICI Properties Inc.                                                        | VICI Properties Inc.                                                        | CUSIP: 92564RAE5<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |     94000 | PA      | $82158.84     | 0.17%             | 2030-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                                               | Vistra Operations Company LLC                                               | CUSIP: 92840VAD4<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |     71000 | PA      | $68134.84     | 0.14%             | 2024-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Company LLC                                               | Vistra Operations Company LLC                                               | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    110000 | PA      | $100325.70    | 0.20%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| VMware, Inc.                                                                | VMware, Inc.                                                                | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |     76000 | PA      | $57699.28     | 0.12%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corporation                                                 | Westpac Banking Corporation                                                 | CUSIP: 961214EP4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | US        |     48000 | PA      | $35540.30     | 0.07%             | 2035-11-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| ZF North America Capital, Inc.                                              | ZF North America Capital, Inc.                                              | CUSIP: 98877DAC9<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    186000 | PA      | $175162.25    | 0.36%             | 2025-04-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cimpress Public Limited Company                                             | Cimpress Public Limited Company                                             | CUSIP: N2014AAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     23288 | PA      | $20834.46     | 0.04%             | 2028-04-29      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Stars Group Holdings B.V. (The)                                             | Stars Group Holdings B.V. (The)                                             | CUSIP: N8233BAE2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      9975 | PA      | $9918.24      | 0.02%             | 2028-07-04      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                  | Air Canada                                                                  | CUSIP: 00909DAA1<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | ABS-CBDO         | CORP              | US        |     20212 | PA      | $19071.66     | 0.04%             | 2029-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                     | American Airlines, Inc.                                                     | CUSIP: 023765AA8<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-CBDO         | CORP              | US        |    143900 | PA      | $125556.58    | 0.26%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Ardagh Packaging Finance Public Limited Company                             | Ardagh Packaging Finance Public Limited Company                             | CUSIP: 03969AAN0<br>LEI: 6354001JXMLKNZDZR978 | Long             | DBT              | CORP              | US        |    165000 | PA      | $143034.68    | 0.29%             | 2026-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| San Diego Gas & Electric Company                                            | San Diego Gas & Electric Company                                            | CUSIP: 797440CA0<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     60000 | PA      | $40746.71     | 0.08%             | 2051-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                                                          | Berry Global, Inc.                                                          | CUSIP: 08579JBG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    114480 | PA      | $113439.57    | 0.23%             | 2026-07-01      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Hertz Corporation, (The)                                                    | Hertz Corporation, (The)                                                    | CUSIP: 42804VBC4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |      2027 | PA      | $1982.33      | 0.00%             | 2028-06-11      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| DirecTV Financing, LLC                                                      | DirecTV Financing, LLC                                                      | CUSIP: 25460HAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     32234 | PA      | $31314.45     | 0.06%             | 2027-07-22      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| Air Canada                                                                  | Air Canada                                                                  | CUSIP: C0102MAP0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     23880 | PA      | $23551.65     | 0.05%             | 2028-07-27      | Floating      | 8.13%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                          | Energy Transfer LP                                                          | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    211000 | PA      | $209054.50    | 0.42%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                          | Energy Transfer LP                                                          | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    104000 | PA      | $102076.45    | 0.21%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Enel Finance International N.V.                                             | Enel Finance International N.V.                                             | CUSIP: 29278GAP3<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | US        |     93000 | PA      | $68142.80     | 0.14%             | 2031-07-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| The Goldman Sachs Group, Inc.                                               | The Goldman Sachs Group, Inc.                                               | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     39000 | PA      | $31079.76     | 0.06%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| The Goldman Sachs Group, Inc.                                               | The Goldman Sachs Group, Inc.                                               | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    133000 | PA      | $118334.25    | 0.24%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Grace Trust                                                                 | Grace Trust                                                                 | CUSIP: 38406JAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    177000 | PA      | $136302.73    | 0.28%             | 2030-12-12      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                    | HCA Inc.                                                                    | CUSIP: 404119BR9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129859.84    | 0.26%             | 2025-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                        | JPMorgan Chase & Co.                                                        | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    145000 | PA      | $121844.23    | 0.25%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                        | JPMorgan Chase & Co.                                                        | CUSIP: 46647PBH8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    132000 | PA      | $122309.66    | 0.25%             | 2026-03-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                        | JPMorgan Chase & Co.                                                        | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    114000 | PA      | $95400.81     | 0.19%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                 | Verizon Communications Inc.                                                 | CUSIP: 92343VEU4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14057.95     | 0.03%             | 2029-12-03      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| The Williams Companies, Inc.                                                | The Williams Companies, Inc.                                                | CUSIP: 969457BZ2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    113000 | PA      | $105393.28    | 0.21%             | 2032-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| The AES Corporation                                                         | The AES Corporation                                                         | CUSIP: 00130HCB9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    133000 | PA      | $125653.16    | 0.26%             | 2025-07-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                              | Citigroup Inc.                                                              | CUSIP: 172967LS8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    131000 | PA      | $119452.00    | 0.24%             | 2028-10-27      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Company                                                 | Commonwealth Edison Company                                                 | CUSIP: 202795JL5<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |     79000 | PA      | $61792.47     | 0.13%             | 2047-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                                                   | AT&T Inc.                                                                   | CUSIP: 00206RFW7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     16000 | PA      | $14773.34     | 0.03%             | 2037-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                                                   | AT&T Inc.                                                                   | CUSIP: 00206RHK1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    150000 | PA      | $134340.06    | 0.27%             | 2039-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Company of New York, Inc.                               | Consolidated Edison Company of New York, Inc.                               | CUSIP: 209111FB4<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |     57000 | PA      | $47714.35     | 0.10%             | 2042-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                       | United Airlines, Inc.                                                       | CUSIP: 210795PZ7<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-CBDO         | CORP              | US        |     39932 | PA      | $38177.46     | 0.08%             | 2024-04-11      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                                                   | AT&T Inc.                                                                   | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    155000 | PA      | $119194.90    | 0.24%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                 | AbbVie Inc.                                                                 | CUSIP: 00287YAR0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51161.20     | 0.10%             | 2035-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                       | United Airlines, Inc.                                                       | CUSIP: 210795QB9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-CBDO         | CORP              | US        |     35881 | PA      | $34091.31     | 0.07%             | 2024-10-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                                                 | Continental Resources, Inc.                                                 | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     95000 | PA      | $88517.28     | 0.18%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Aircastle Limited                                                           | Aircastle Limited                                                           | CUSIP: 00928QAT8<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | US        |    108000 | PA      | $103965.12    | 0.21%             | 2025-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                            | Amazon.com, Inc.                                                            | CUSIP: 023135CB0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     55000 | PA      | $39411.78     | 0.08%             | 2051-05-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                      | Credit Suisse Group AG                                                      | CUSIP: 225401AR9<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |    130000 | PA      | $85367.46     | 0.17%             | 2500-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                      | Credit Suisse Group AG                                                      | CUSIP: 225401BB3<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133534.83    | 0.27%             | 2033-11-15      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                                  | Apple Inc.                                                                  | CUSIP: 037833EK2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     28000 | PA      | $18638.82     | 0.04%             | 2051-08-05      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| The Bank of Nova Scotia                                                     | The Bank of Nova Scotia                                                     | CUSIP: 06417XAL5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100263.40    | 0.20%             | 2024-12-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DLLST 2022-1 LLC                                                            | DLLST 2022-1 LLC                                                            | CUSIP: 23292GAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    102662 | PA      | $99798.96     | 0.20%             | 2025-01-21      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DLLMT 2021-1 LLC                                                            | DLLMT 2021-1 LLC                                                            | CUSIP: 23345FAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    223000 | PA      | $211454.71    | 0.43%             | 2025-07-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                                      | Blackstone Holdings Finance Co. L.L.C.                                      | CUSIP: 09261BAK6<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    176000 | PA      | $177438.87    | 0.36%             | 2033-04-22      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                             | Blackstone Secured Lending Fund                                             | CUSIP: 09261XAG7<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    135000 | PA      | $105372.04    | 0.21%             | 2028-09-30      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C.                                                   | Dell International L.L.C.                                                   | CUSIP: 24703TAK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $28842.60     | 0.06%             | 2046-07-15      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2022-1                                         | Dell Equipment Finance Trust 2022-1                                         | CUSIP: 24703WAB5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     74874 | PA      | $74070.74     | 0.15%             | 2023-11-22      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                                 | BNP Paribas                                                                 | CUSIP: 09659T2B6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | US        |     90000 | PA      | $65972.88     | 0.13%             | 2035-08-12      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Cigna Corporation                                                           | Cigna Corporation                                                           | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48230.72     | 0.10%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc.                                                       | Delta Air Lines, Inc.                                                       | CUSIP: 247361ZX9<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    134000 | PA      | $136927.34    | 0.28%             | 2025-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Aktiengesellschaft                                            | Deutsche Bank Aktiengesellschaft                                            | CUSIP: 251526CF4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | US        |    124000 | PA      | $90888.16     | 0.18%             | 2032-01-14      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| General Electric Company                                                    | General Electric Company                                                    | CUSIP: 369604BQ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    419000 | PA      | $414810.00    | 0.84%             | 2500-12-31      | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| The Hartford Financial Services Group, Inc.                                 | The Hartford Financial Services Group, Inc.                                 | CUSIP: 416518AD0<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | DBT              | CORP              | US        |     66000 | PA      | $41595.69     | 0.08%             | 2051-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                                    | Devon Energy Corporation                                                    | CUSIP: 25179MBE2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39403.42     | 0.08%             | 2028-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                                    | Devon Energy Corporation                                                    | CUSIP: 25179MBF9<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     34000 | PA      | $31723.53     | 0.06%             | 2030-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indiana University Health, Inc.                                             | Indiana University Health, Inc.                                             | CUSIP: 455170AB6<br>LEI: 5493005H76YOO81B8D75 | Long             | DBT              | CORP              | US        |     51000 | PA      | $31991.25     | 0.07%             | 2051-11-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: —       |
| Markel Corporation                                                          | Markel Corporation                                                          | CUSIP: 570535AW4<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    125000 | PA      | $120936.43    | 0.25%             | 2500-12-31      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| The Walt Disney Company                                                     | The Walt Disney Company                                                     | CUSIP: 254687FR2<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     80000 | PA      | $74951.39     | 0.15%             | 2040-03-23      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corporation                                                     | Duke Energy Corporation                                                     | CUSIP: 26441CBT1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    170000 | PA      | $159748.78    | 0.32%             | 2032-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corporation                                                       | Microsoft Corporation                                                       | CUSIP: 594918BC7<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     90000 | PA      | $81565.97     | 0.17%             | 2035-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corporation                    | National Rural Utilities Cooperative Finance Corporation                    | CUSIP: 637432PA7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    149000 | PA      | $155433.75    | 0.32%             | 2033-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                 | ONEOK, Inc.                                                                 | CUSIP: 682680BF9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50928.92     | 0.10%             | 2051-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                 | ONEOK, Inc.                                                                 | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67208.08     | 0.14%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Owl Rock Capital Corporation                                                | Owl Rock Capital Corporation                                                | CUSIP: 69121KAE4<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |     87000 | PA      | $76169.28     | 0.15%             | 2026-07-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Pacific Gas And Electric Company                                            | Pacific Gas And Electric Company                                            | CUSIP: 694308HW0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     46000 | PA      | $40575.41     | 0.08%             | 2027-12-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Piedmont Healthcare, Inc.                                                   | Piedmont Healthcare, Inc.                                                   | CUSIP: 72014TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $33051.83     | 0.07%             | 2032-01-01      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Pilgrim's Pride Corporation                                                 | Pilgrim's Pride Corporation                                                 | CUSIP: 72147KAG3<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |    180000 | PA      | $140698.34    | 0.29%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pioneer Natural Resources Company                                           | Pioneer Natural Resources Company                                           | CUSIP: 723787AQ0<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |     90000 | PA      | $70628.45     | 0.14%             | 2030-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Prestige Auto Receivables Trust 2021-1                                      | Prestige Auto Receivables Trust 2021-1                                      | CUSIP: 74113XAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    266000 | PA      | $262281.16    | 0.53%             | 2025-07-15      | Fixed         | 0.83%                 | No            |                  2 | On Loan: No      |
| Prosus N.V.                                                                 | Prosus N.V.                                                                 | CUSIP: 74365PAH1<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | US        |     53000 | PA      | $44058.56     | 0.09%             | 2032-01-19      | Fixed         | 4.19%                 | No            |                  2 | On Loan: —       |
| Public Service Electric And Gas Company                                     | Public Service Electric And Gas Company                                     | CUSIP: 74456QCJ3<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     36000 | PA      | $31523.32     | 0.06%             | 2032-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: —       |
| Sequoia Mortgage Trust 2020-4                                               | Sequoia Mortgage Trust 2020-4                                               | CUSIP: 81748RAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82078 | PA      | $64490.63     | 0.13%             | 2043-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                          | Southern California Edison Company                                          | CUSIP: 842400GK3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     46000 | PA      | $36858.81     | 0.07%             | 2048-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                                          | Southern California Edison Company                                          | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     67000 | PA      | $49190.52     | 0.10%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: —       |
| Southern California Edison Company                                          | Southern California Edison Company                                          | CUSIP: 842400HT3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    107000 | PA      | $113303.58    | 0.23%             | 2032-11-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| State Street U.S. Government Money Market Fund                              | State Street U.S. Government Money Market Fund                              | CUSIP: 857492706<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     37166 | NS      | $37165.94     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Master Trust                                                        | Verizon Master Trust                                                        | CUSIP: 92348KBC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    310000 | PA      | $311845.34    | 0.63%             | 2024-11-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| VICI Properties Inc.                                                        | VICI Properties Inc.                                                        | CUSIP: 92564RAA3<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |     55000 | PA      | $51326.83     | 0.10%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VICI Properties Inc.                                                        | VICI Properties Inc.                                                        | CUSIP: 92564RAD7<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |     63000 | PA      | $57278.78     | 0.12%             | 2027-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Company                                                       | Wells Fargo & Company                                                       | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    221000 | PA      | $209045.27    | 0.42%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140Q83V5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     16539 | PA      | $16210.02     | 0.03%             | 2048-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140QBQ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     93196 | PA      | $86023.73     | 0.17%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133KHW69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     40584 | PA      | $37394.41     | 0.08%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133KKD48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    119684 | PA      | $98456.46     | 0.20%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140QFAX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    272053 | PA      | $223800.86    | 0.45%             | 2050-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418DTN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    188868 | PA      | $173738.59    | 0.35%             | 2035-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133KMVL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     71950 | PA      | $61220.76     | 0.12%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133KNKS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     92553 | PA      | $81412.18     | 0.17%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 31418EAM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    250557 | PA      | $204786.81    | 0.42%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                    | Government National Mortgage Association                                    | CUSIP: 36179SSP3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    103984 | PA      | $94158.61     | 0.19%             | 2046-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 3133KPP36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    168881 | PA      | $162944.38    | 0.33%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corporation                                      | Federal Home Loan Mortgage Corporation                                      | CUSIP: 31346Y5R0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     65992 | PA      | $58785.83     | 0.12%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3135G05Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    229000 | PA      | $182163.96    | 0.37%             | 2030-08-05      | Fixed         | 0.88%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3138ERYP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      3935 | PA      | $3782.32      | 0.01%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3138WG5Q3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    574375 | PA      | $517217.36    | 1.05%             | 2046-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3138WJA40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     26204 | PA      | $24398.10     | 0.05%             | 2046-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3138WJMK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      6182 | PA      | $5749.94      | 0.01%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3138WJQ27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     26623 | PA      | $24763.07     | 0.05%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3138WK4Q5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      2369 | PA      | $2270.94      | 0.00%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140FPDN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    193135 | PA      | $189771.17    | 0.39%             | 2047-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140FVWP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     98870 | PA      | $94792.46     | 0.19%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140JAFK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     66334 | PA      | $63235.10     | 0.13%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140JGLW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     20176 | PA      | $19750.22     | 0.04%             | 2048-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140XAJW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    183270 | PA      | $150592.89    | 0.31%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                                         | Comcast Corporation                                                         | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     51000 | PA      | $32974.45     | 0.07%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                      | Credit Suisse Group AG                                                      | CUSIP: 22546DAA4<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | US        |     75000 | PA      | $72373.20     | 0.15%             | 2023-08-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DLLAA 2021-1 LLC                                                            | DLLAA 2021-1 LLC                                                            | CUSIP: 23291YAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    190000 | PA      | $179920.16    | 0.37%             | 2026-04-17      | Fixed         | 0.67%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    321000 | PA      | $241803.27    | 0.49%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    435000 | PA      | $325366.43    | 0.66%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    444000 | PA      | $364149.35    | 0.74%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     81000 | PA      | $48321.56     | 0.10%             | 2050-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                 | AbbVie Inc.                                                                 | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    105000 | PA      | $94823.77     | 0.19%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Alaska Air Pass Through Trust 2020-1A                                       | Alaska Air Pass Through Trust 2020-1A                                       | CUSIP: 01166VAA7<br>LEI: PG4W4UTDTMMEBRGLO537 | Long             | ABS-CBDO         | CORP              | US        |     79263 | PA      | $75340.89     | 0.15%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Treasury, United States Department of                                       | Treasury, United States Department of                                       | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    125000 | PA      | $89355.48     | 0.18%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 01F032419<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     35000 | PA      | $33523.44     | 0.07%             | 2038-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| American Electric Power Company, Inc.                                       | American Electric Power Company, Inc.                                       | CUSIP: 025537AV3<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123495.04    | 0.25%             | 2027-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                                | American Express Credit Account Master Trust                                | CUSIP: 02582JJX9<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-CBDO         | CORP              | US        |    350000 | PA      | $352690.98    | 0.72%             | 2025-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Baylor Scott & White Holdings                                               | Baylor Scott & White Holdings                                               | CUSIP: 072863AJ2<br>LEI: 549300JQDKSBWYRGGV95 | Long             | DBT              | CORP              | US        |     54000 | PA      | $35434.01     | 0.07%             | 2050-11-15      | Fixed         | 2.84%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                              | Blackstone Private Credit Fund                                              | CUSIP: 09261HAB3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     17000 | PA      | $15635.41     | 0.03%             | 2024-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                              | Blackstone Private Credit Fund                                              | CUSIP: 09261HAK3<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    141000 | PA      | $118824.88    | 0.24%             | 2027-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust 2019-A                                         | Hilton Grand Vacations Trust 2019-A                                         | CUSIP: 43284HAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     49086 | PA      | $45814.50     | 0.09%             | 2033-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                        | JPMorgan Chase & Co.                                                        | CUSIP: 46647PDM5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124968.44    | 0.25%             | 2025-12-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140K0W61<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     40016 | PA      | $35621.55     | 0.07%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140KVGN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    212811 | PA      | $175531.59    | 0.36%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140M7SF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    177897 | PA      | $152370.45    | 0.31%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140M9X77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     90324 | PA      | $76953.60     | 0.16%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140Q7HV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     22980 | PA      | $22565.30     | 0.05%             | 2047-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140Q7LE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5042 | PA      | $4950.99      | 0.01%             | 2047-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140QKLF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    148581 | PA      | $122089.39    | 0.25%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140QLYW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |    108693 | PA      | $92484.96     | 0.19%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140QMZG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     32746 | PA      | $27832.14     | 0.06%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140QNZL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     32746 | PA      | $30030.82     | 0.06%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association, Inc.                                 | Federal National Mortgage Association, Inc.                                 | CUSIP: 3140X5KH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |     99934 | PA      | $89333.80     | 0.18%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ares Finance Co. IV LLC                                                     | Ares Finance Co. IV LLC                                                     | CUSIP: 039936AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $40394.37     | 0.08%             | 2052-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Avid Automobile Receivables Trust 2021-1                                    | Avid Automobile Receivables Trust 2021-1                                    | CUSIP: 05369LAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      6045 | PA      | $6038.54      | 0.01%             | 2025-01-15      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| B. A. T. Capital Corporation                                                | B. A. T. Capital Corporation                                                | CUSIP: 05526DBD6<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     45000 | PA      | $34915.05     | 0.07%             | 2037-08-15      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                 | Bank of America Corporation                                                 | CUSIP: 06051GJE0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     65000 | PA      | $43887.95     | 0.09%             | 2041-06-19      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                 | Bank of America Corporation                                                 | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    103000 | PA      | $90283.01     | 0.18%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                 | Bank of America Corporation                                                 | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68407.01     | 0.14%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                 | Bank of America Corporation                                                 | CUSIP: 06051GLC1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     49000 | PA      | $50594.46     | 0.10%             | 2028-11-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                               | Broadcom Inc.                                                               | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     60000 | PA      | $47635.08     | 0.10%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2019-2                                                | CCG Receivables Trust 2019-2                                                | CUSIP: 12510FAB0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |      2267 | PA      | $2263.52      | 0.00%             | 2023-03-14      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                              | CUSIP: 61744YAK4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $101090.04    | 0.21%             | 2028-07-22      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                              | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     90000 | PA      | $65424.93     | 0.13%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                              | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     62000 | PA      | $48458.35     | 0.10%             | 2032-10-20      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| OPG Trust 2021-PORT                                                         | OPG Trust 2021-PORT                                                         | CUSIP: 67118AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    113087 | PA      | $108074.96    | 0.22%             | 2023-10-16      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                 | ONEOK, Inc.                                                                 | CUSIP: 682680BC6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     60000 | PA      | $44925.79     | 0.09%             | 2050-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                 | Bank of America Corporation                                                 | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    333000 | PA      | $310989.10    | 0.63%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corporation                                     | The Bank of New York Mellon Corporation                                     | CUSIP: 06406RBM8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    112000 | PA      | $116501.93    | 0.24%             | 2033-10-25      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                | Barclays PLC                                                                | CUSIP: 06738EBP9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | US        |     95000 | PA      | $72355.71     | 0.15%             | 2035-09-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings, LLC                                                  | Mileage Plus Holdings, LLC                                                  | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     31525 | PA      | $31410.26     | 0.06%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                              | CUSIP: 6174468P7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     32000 | PA      | $28027.25     | 0.06%             | 2031-04-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                              | Morgan Stanley                                                              | CUSIP: 6174468V4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    105000 | PA      | $92126.86     | 0.19%             | 2026-12-10      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corporation                                    | National Securities Clearing Corporation                                    | CUSIP: 637639AH8<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251361.80    | 0.51%             | 2027-11-21      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                               | Netflix, Inc.                                                               | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91322.62     | 0.19%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| B. A. T. Capital Corporation                                                | B. A. T. Capital Corporation                                                | CUSIP: 05526DBT1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     55000 | PA      | $37376.39     | 0.08%             | 2040-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| BX Trust 2022-PSB                                                           | BX Trust 2022-PSB                                                           | CUSIP: 05606DAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155204 | PA      | $153871.91    | 0.31%             | 2039-08-15      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Baltimore Gas and Electric Company                                          | Baltimore Gas and Electric Company                                          | CUSIP: 059165EP1<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |     45000 | PA      | $40139.08     | 0.08%             | 2052-06-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                 | Bank of America Corporation                                                 | CUSIP: 06051GHT9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    242000 | PA      | $226755.51    | 0.46%             | 2027-04-23      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                                                 | Bank of America Corporation                                                 | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    100000 | PA      | $81574.90     | 0.17%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Nevada Power Company                                                        | Nevada Power Company                                                        | CUSIP: 641423CC0<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    140000 | PA      | $131810.40    | 0.27%             | 2029-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                | New York Life Global Funding                                                | CUSIP: 64952WDS9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    134000 | PA      | $102666.35    | 0.21%             | 2030-08-07      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| The Dormitory Authority of the State of New York                            | The Dormitory Authority of the State of New York                            | CUSIP: 64990FXE9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $73638.27     | 0.15%             | 2043-02-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                          | Newell Brands Inc.                                                          | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     52000 | PA      | $51610.00     | 0.10%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                          | Newell Brands Inc.                                                          | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54297.10     | 0.11%             | 2029-09-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: —       |
| Northwestern Memorial HealthCare                                            | Northwestern Memorial HealthCare                                            | CUSIP: 668103AC8<br>LEI: 549300SYNDSEG3SY2U05 | Long             | DBT              | CORP              | US        |     55000 | PA      | $34967.34     | 0.07%             | 2051-07-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Northwestern University                                                     | Northwestern University                                                     | CUSIP: 668444AS1<br>LEI: OBWWNZE695DUK77DTI34 | Long             | DBT              | CORP              | US        |     38000 | PA      | $24879.08     | 0.05%             | 2050-12-01      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc.                                                       | Booking Holdings Inc.                                                       | CUSIP: 09857LAR9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    149000 | PA      | $144175.87    | 0.29%             | 2030-04-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-28

**Name of Applicant:** PPM Funds

**Signature:** Andrew Tedeschi

**Name of Signer:** Andrew Tedeschi

**Title:** Principal Financial Officer