# EDGAR Filing Document

**Accession Number:** 0001768447
**File Stem:** 0001752724-25-184974
**Filing Date:** 2025-8
**Character Count:** 127044
**Document Hash:** e4d93a3bd17162700f80ad4e03deb25b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-184974.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0001752724-25-184974

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Homestead Funds Trust
- **CENTRAL INDEX KEY:** 0001768447

**ORGANIZATION NAME:**
- **EIN:** 833576764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23429
- **FILM NUMBER:** 251182923

**BUSINESS ADDRESS:**
- **STREET 1:** 4301 WILSON BOULEVARD
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22203
- **BUSINESS PHONE:** 703-907-5993

**MAIL ADDRESS:**
- **STREET 1:** 4301 WILSON BOULEVARD
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22203

## Series and Classes Contracts Data

### Intermediate Bond Fund (Series ID: S000065469)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000211759 | Intermediate Bond Fund | HOIBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Homestead Funds Trust

- **b. Investment Company Act file number:** 811-23429

- **c. CIK number of Registrant:** 0001768447

- **d. LEI of Registrant:** 549300LL0E7B0AZI7X47

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

  - **Street Address 1:** 4301 WILSON BLVD

  - **City:** ARLINGTON

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 22203

  - **Telephone number:** 800-258-3030

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

- **a. Name of Series:** Intermediate Bond Fund

- **b. EDGAR series identifier (if any):** S000065469

- **c. LEI of Series:** 5493000YFWMKNDYQH719

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $133811887.74

**Total Liabilities:** $536718.66

**Net Assets:** $133275169.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -118.13000000 | **1-Year:** -4128.45000000 | **5-Year:** -11031.91000000 | **10-Year:** -9068.23000000 | **30-Year:** -6502.13000000

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

- **3-Month:** -5.59000000 | **1-Year:** -179.74000000 | **5-Year:** -342.55000000 | **10-Year:** -38.12000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211759 | 0.10%                | -0.56%               | 1.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $46741.02                | $-296995.96                                |
| Month 2  | $-667792.98              | $-655246.51                                |
| Month 3  | $-45711.97               | $1734691.13                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OAKTREE SPECIALTY LEND                                                       | Oaktree Specialty Lending Corp                             | CUSIP: 67401PAE8<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |    330000 | PA      | $326998.81    | 0.25%             | 2030-02-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                                                     | American Water Capital Corp                                | CUSIP: 03040WAW5<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    920000 | PA      | $854753.17    | 0.64%             | 2030-05-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 A PTT                                                      | American Airlines 2016-3 Class A Pass Through Trust        | CUSIP: 023771S25<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    395805 | PA      | $370931.39    | 0.28%             | 2028-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                          | Petroleos Mexicanos                                        | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $384096.64    | 0.29%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                       | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256237.39    | 0.19%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| City of Yuma AZ                                                              | YUMA AZ PLEDGED REVENUE                                    | CUSIP: 98851WAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $105110.10    | 0.08%             | 2038-07-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38383VLA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    154095 | PA      | $155242.79    | 0.12%             | 2049-07-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                                                         | Smithfield Foods Inc                                       | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    340000 | PA      | $293089.16    | 0.22%             | 2031-09-13      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                          | Frontier Issuer LLC                                        | CUSIP: 35910EAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    395000 | PA      | $406739.36    | 0.31%             | 2054-06-20      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                         | Glencore Funding LLC                                       | CUSIP: 378272BH0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    170000 | PA      | $112432.86    | 0.08%             | 2051-09-23      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                          | Petroleos Mexicanos                                        | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    250000 | PA      | $241523.63    | 0.18%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts                                                             | Westgate Resorts 2024-1 LLC                                | CUSIP: 96034KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    297576 | PA      | $301512.48    | 0.23%             | 2038-01-20      | Fixed         | 6.06%                 | Yes           |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                      | Pfizer Investment Enterprises Pte Ltd                      | CUSIP: 716973AD4<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    195000 | PA      | $197696.94    | 0.15%             | 2030-05-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                           | Energy Transfer LP                                         | CUSIP: 29273VBF6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    660000 | PA      | $649766.90    | 0.49%             | 2055-04-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                                               | Capital One NA                                             | CUSIP: 25466AAN1<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |    345000 | PA      | $353473.14    | 0.27%             | 2028-08-09      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                           | Energy Transfer LP                                         | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    318000 | PA      | $305107.82    | 0.23%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                       | Santander Holdings USA Inc                                 | CUSIP: 80282KBC9<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    298000 | PA      | $288470.31    | 0.22%             | 2028-01-06      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3541538 | PA      | $2806855.77   | 2.11%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                 | Barclays PLC                                               | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    415000 | PA      | $424166.45    | 0.32%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                                           | Subway Funding LLC                                         | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    134325 | PA      | $137611.81    | 0.10%             | 2054-07-30      | Fixed         | 6.27%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3618FHNJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13273 | PA      | $13811.63     | 0.01%             | 2053-11-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                            | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              |  | US        |    210000 | PA      | $215810.39    | 0.16%             | 2028-01-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| ING GROEP NV                                                                 | ING Groep NV                                               | CUSIP: 456837BL6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    320000 | PA      | $328137.80    | 0.25%             | 2030-03-19      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                      | Bristol-Myers Squibb Co                                    | CUSIP: 110122EB0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    127000 | PA      | $136092.82    | 0.10%             | 2053-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bonds                                        | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2819000 | PA      | $2804024.06   | 2.10%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 3140QBPA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    395909 | PA      | $347754.74    | 0.26%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                                   | VMware LLC                                                 | CUSIP: 928563AF2<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200794.00    | 0.15%             | 2030-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    365000 | PA      | $318771.23    | 0.24%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                           | Ally Financial Inc                                         | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    205000 | PA      | $215801.82    | 0.16%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae I Pool                                          | CUSIP: 3617XUP66<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1066264 | PA      | $998200.29    | 0.75%             | 2052-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3132DNUU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    736614 | PA      | $728890.92    | 0.55%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                         | Bayer US Finance LLC                                       | CUSIP: 07274EAM5<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    305000 | PA      | $323901.58    | 0.24%             | 2053-11-21      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3622ACA59<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    925495 | PA      | $859170.10    | 0.64%             | 2052-06-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                     | Enterprise Products Operating LLC                          | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    275000 | PA      | $277092.02    | 0.21%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | AbbVie Inc                                                 | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    105000 | PA      | $107796.43    | 0.08%             | 2031-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY                                                        | The Campbell's Company                                     | CUSIP: 134429BJ7<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    250000 | PA      | $226575.71    | 0.17%             | 2030-04-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                                 | Ford Credit Auto Owner Trust 2024-D                        | CUSIP: 34535VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202001.48    | 0.15%             | 2029-08-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Notes                                        | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1869000 | PA      | $1871920.31   | 1.40%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3132DVMC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    737018 | PA      | $648722.29    | 0.49%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP                                                       | Mizuho Financial Group Inc                                 | CUSIP: 60687YAT6<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $198791.89    | 0.15%             | 2029-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AVNET INC                                                                    | Avnet Inc                                                  | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |    170000 | PA      | $176669.48    | 0.13%             | 2028-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                         | Saudi Arabian Oil Co                                       | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    685000 | PA      | $684743.84    | 0.51%             | 2055-06-02      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                           | VICI Properties LP                                         | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |    180000 | PA      | $180987.20    | 0.14%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                                         | Entergy Arkansas LLC                                       | CUSIP: 29366MAD0<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    205000 | PA      | $210066.90    | 0.16%             | 2033-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                     | Volkswagen Group of America Finance LLC                    | CUSIP: 928668CH3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326349.91    | 0.24%             | 2034-03-22      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Notes                                        | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2694000 | PA      | $2720098.13   | 2.04%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNSF RAILWAY CO 2015-1 P                                                     | BNSF Railway Co 2015-1 Pass Through Trust                  | CUSIP: 05581JAA2<br>LEI: 5493000C01ZX7D35SD85 | Long             | DBT              | CORP              | US        |    311934 | PA      | $300284.23    | 0.23%             | 2028-06-16      | Fixed         | 3.44%                 | Yes           |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC                                                          | Block Financial LLC                                        | CUSIP: 093662AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $136515.12    | 0.10%             | 2028-07-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM                                                      | United Rentals North America Inc                           | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    340000 | PA      | $348221.20    | 0.26%             | 2029-12-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Oportun Funding LLC                                                          | Oportun Issuance Trust 2021-B                              | CUSIP: 68377GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    364311 | PA      | $355383.66    | 0.27%             | 2031-05-08      | Fixed         | 1.47%                 | Yes           |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                          | Ashtead Capital Inc                                        | CUSIP: 045054AL7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    308000 | PA      | $301594.65    | 0.23%             | 2029-11-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418ECR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    618234 | PA      | $535948.21    | 0.40%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FRTKL                                                                        | FRTKL 2021-SFR1                                            | CUSIP: 30322DAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $240877.70    | 0.18%             | 2038-09-17      | Fixed         | 1.57%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                      | Hyundai Capital America                                    | CUSIP: 44891ADH7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133317.90    | 0.10%             | 2031-09-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                            | Healthpeak OP LLC                                          | CUSIP: 42250PAE3<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    125000 | PA      | $127206.98    | 0.10%             | 2032-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                      | Nissan Motor Acceptance Co LLC                             | CUSIP: 65480CAD7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    435000 | PA      | $385321.35    | 0.29%             | 2028-09-15      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                         | Targa Resources Corp                                       | CUSIP: 87612GAD3<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    305000 | PA      | $313106.44    | 0.23%             | 2053-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                           | CUSIP: 95000U2Q5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    440000 | PA      | $332494.63    | 0.25%             | 2041-04-30      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                          | Freddie Mac Stacr Remic Trust 2025-Hqa1                    | CUSIP: 35564NGY3<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |    223438 | PA      | $223088.94    | 0.17%             | 2045-02-25      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3622AC7C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     97705 | PA      | $101196.23    | 0.08%             | 2054-03-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                            | GLS Auto Select Receivables Trust 2024-1                   | CUSIP: 37988XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144293 | PA      | $145117.12    | 0.11%             | 2030-03-15      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Firstkey Homes Trust                                                         | FirstKey Homes 2022-SFR2 Trust                             | CUSIP: 33767PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    317416 | PA      | $315871.04    | 0.24%             | 2039-07-17      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                         | M&T Bank Corp                                              | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $542278.31    | 0.41%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | AbbVie Inc                                                 | CUSIP: 00287YDW6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126406.23    | 0.09%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3132DP3N6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    433082 | PA      | $434792.52    | 0.33%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                          | Frontier Issuer LLC                                        | CUSIP: 35910EAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    675000 | PA      | $696708.07    | 0.52%             | 2053-08-20      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | Celanese US Holdings LLC                                   | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    260000 | PA      | $270949.38    | 0.20%             | 2029-07-15      | Fixed         | 6.58%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                                   | VMware LLC                                                 | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    155000 | PA      | $134530.40    | 0.10%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3622ACFR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    245014 | PA      | $235845.14    | 0.18%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                         | Bayer US Finance LLC                                       | CUSIP: 07274EAJ2<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |    331000 | PA      | $347573.58    | 0.26%             | 2029-01-21      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                       | Philip Morris International Inc                            | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    260000 | PA      | $267494.78    | 0.20%             | 2030-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Notes                                        | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    105000 | PA      | $105557.81    | 0.08%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                           | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    290000 | PA      | $297492.88    | 0.22%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                      | HCA Inc                                                    | CUSIP: 404119CR8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    315000 | PA      | $304149.35    | 0.23%             | 2053-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                       | Daimler Truck Finance North America LLC                    | CUSIP: 233853BD1<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286547.58    | 0.22%             | 2030-01-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                              | CUSIP: 842400FQ1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    200000 | PA      | $167508.35    | 0.13%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3133BBTU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1189430 | PA      | $1071335.91   | 0.80%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    270000 | PA      | $272104.35    | 0.20%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                     | Aptiv Swiss Holdings Ltd                                   | CUSIP: 03835VAJ5<br>LEI: 254900HTTDFIJZ32GX53 | Long             | DBT              | CORP              | JE        |    280000 | PA      | $168285.05    | 0.13%             | 2051-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                       | Daimler Truck Finance North America LLC                    | CUSIP: 233853BE9<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    255000 | PA      | $259195.08    | 0.19%             | 2032-01-13      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                              | CUSIP: 842400JE4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    400000 | PA      | $406997.25    | 0.31%             | 2031-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| City of Huntington Beach CA                                                  | HUNTINGTON BEACH CA PENSN OBLIG                            | CUSIP: 446201AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $148525.40    | 0.11%             | 2027-06-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS PWR & LIGHT                                                     | Indianapolis Power & Light Co                              | CUSIP: 455434BV1<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | DBT              | CORP              | US        |    260000 | PA      | $267464.19    | 0.20%             | 2032-12-01      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                       | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    445000 | PA      | $450210.17    | 0.34%             | 2033-07-22      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                        | Truist Financial Corp                                      | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    315000 | PA      | $324441.35    | 0.24%             | 2030-01-24      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                       | BP Capital Markets America Inc                             | CUSIP: 10373QBN9<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    210000 | PA      | $128133.73    | 0.10%             | 2050-11-10      | Fixed         | 2.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3622ADBL1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    125329 | PA      | $129807.01    | 0.10%             | 2054-04-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DNJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    110907 | PA      | $100946.14    | 0.08%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                                 | Ford Credit Auto Lease Trust 2024-A                        | CUSIP: 345290AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $260526.55    | 0.20%             | 2027-05-15      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                       | Pacific Gas and Electric Co                                | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    130000 | PA      | $126882.98    | 0.10%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Notes                                        | CUSIP: 91282CNA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4216000 | PA      | $4221270.00   | 3.17%             | 2032-04-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA                                                     | Blue Owl Technology Finance Corp                           | CUSIP: 691205AG3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    139000 | PA      | $133181.44    | 0.10%             | 2027-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| West Virginia University                                                     | WEST VIRGINIA UNIV REVENUES                                | CUSIP: 956704E48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $114112.28    | 0.09%             | 2041-10-01      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                             | Societe Generale SA                                        | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    325000 | PA      | $329023.73    | 0.25%             | 2028-01-19      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                     | Prudential Financial Inc                                   | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    620000 | PA      | $636894.38    | 0.48%             | 2054-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Notes                                        | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    469000 | PA      | $470099.22    | 0.35%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                     | Avolon Holdings Funding Ltd                                | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    755000 | PA      | $716483.22    | 0.54%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                                                       | Santander Holdings USA Inc                                 | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    445000 | PA      | $452466.09    | 0.34%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                   | Progress Residential 2021-SFR8 Trust                       | CUSIP: 74333TAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    332234 | PA      | $322143.67    | 0.24%             | 2038-10-17      | Fixed         | 1.51%                 | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMorgan Chase & Co                                        | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    185000 | PA      | $186071.01    | 0.14%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Tesla Sustainable Energy Trust                                               | Tesla Sustainable Energy Trust 2024-1                      | CUSIP: 88164AAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $170694.06    | 0.13%             | 2050-06-20      | Fixed         | 5.29%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                      | Hyundai Capital America                                    | CUSIP: 44891ADG9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133795.92    | 0.10%             | 2029-09-26      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3622ABZL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    524885 | PA      | $488308.49    | 0.37%             | 2052-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DUD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2822852 | PA      | $2594963.16   | 1.95%             | 2035-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SCE RECOVERY FUNDING LLC                                                     | SCE Recovery Funding LLC                                   | CUSIP: 78433LAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $125275.90    | 0.09%             | 2043-11-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                        | GM Financial Automobile Leasing Trust 2024-1               | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $526578.73    | 0.40%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| KOREA EXPRESSWAY CORP                                                        | Korea Expressway Corp                                      | CUSIP: 50066HAD0<br>LEI: 988400EZO9DR1OFL5772 | Long             | DBT              | NUSS              | KR        |    660000 | PA      | $670263.53    | 0.50%             | 2027-05-14      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | Morgan Stanley                                             | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    580000 | PA      | $593741.95    | 0.45%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                                          | Volkswagen Auto Loan Enhanced Trust 2024-1                 | CUSIP: 92868RAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $303095.07    | 0.23%             | 2029-07-20      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38383UD80<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1086525 | PA      | $1107403.38   | 0.83%             | 2048-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN TRUST CORP                                                          | Northern Trust Corp                                        | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |    265000 | PA      | $286151.05    | 0.21%             | 2032-11-02      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38384NYQ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    571031 | PA      | $577146.55    | 0.43%             | 2054-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DWQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2349860 | PA      | $1768230.94   | 1.33%             | 2051-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38383XUX0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    276982 | PA      | $277826.60    | 0.21%             | 2041-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZEALAND                                                          | Bank of New Zealand                                        | CUSIP: 064064AB4<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | DBT              | CORP              | NZ        |    405000 | PA      | $413684.80    | 0.31%             | 2035-01-28      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bonds                                        | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4195000 | PA      | $3521014.27   | 2.64%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                                  | Volkswagen Auto Lease Trust 2024-A                         | CUSIP: 92866EAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $232048.24    | 0.17%             | 2027-06-21      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                               | Lowe's Cos Inc                                             | CUSIP: 548661ES2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    205000 | PA      | $200130.82    | 0.15%             | 2063-04-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                                                             | Antares Holdings LP                                        | CUSIP: 03666HAC5<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    375000 | PA      | $368878.35    | 0.28%             | 2026-07-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Prudential Financial Inc                                                     | Prudential Financial Inc                                   | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75969.16     | 0.06%             | 2048-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38384KXM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    221008 | PA      | $221540.69    | 0.17%             | 2062-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                     | Electricite de France SA                                   | CUSIP: 268317BB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    370000 | PA      | $350395.05    | 0.26%             | 2064-04-22      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                      | Hyundai Capital America                                    | CUSIP: 44891ACD7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    290000 | PA      | $296933.71    | 0.22%             | 2028-03-30      | Fixed         | 5.60%                 | Yes           |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                      | Pfizer Investment Enterprises Pte Ltd                      | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    255000 | PA      | $240722.37    | 0.18%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3132DWEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1181477 | PA      | $1100860.62   | 0.83%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                          | Fifth Third Bancorp                                        | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    335000 | PA      | $352855.84    | 0.26%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                                                         | Saudi Arabian Oil Co                                       | CUSIP: 80414L3B9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    685000 | PA      | $688046.21    | 0.52%             | 2035-06-02      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                                                     | American Water Capital Corp                                | CUSIP: 03040WBC8<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |    365000 | PA      | $353044.07    | 0.26%             | 2054-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                                       | Regions Financial Corp                                     | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    340000 | PA      | $351152.96    | 0.26%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV   | CUSIP: 79766DTW9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    100000 | PA      | $68859.63     | 0.05%             | 2051-05-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                           | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1750185.17   | 1.31%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                         | Cleveland-Cliffs Inc                                       | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    255000 | PA      | $251057.45    | 0.19%             | 2029-11-01      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                             | T-Mobile USA Inc                                           | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    200000 | PA      | $146351.10    | 0.11%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Notes                                        | CUSIP: 91282CMV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2322000 | PA      | $2325628.13   | 1.74%             | 2027-03-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                   | Progress Residential 2022-SFR3 Trust                       | CUSIP: 74331UAC2<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $160868.20    | 0.12%             | 2039-04-17      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38383VVV7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    267705 | PA      | $271015.96    | 0.20%             | 2051-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DSN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    844827 | PA      | $791850.59    | 0.59%             | 2035-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Tricon Residential                                                           | Tricon Residential 2024-SFR4 Trust                         | CUSIP: 895975AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    224394 | PA      | $221174.84    | 0.17%             | 2041-11-17      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                                     | Cheniere Energy Partners LP                                | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    105000 | PA      | $109602.71    | 0.08%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| City of Monterey Park CA                                                     | MONTEREY PK CA PENSN OBLIG                                 | CUSIP: 61255QAJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $897194.40    | 0.67%             | 2030-06-01      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                                                | Corevest American Finance 2020-4 Trust                     | CUSIP: 21873AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51601 | PA      | $51021.70     | 0.04%             | 2052-12-15      | Fixed         | 1.17%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | Morgan Stanley                                             | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    510000 | PA      | $436327.85    | 0.33%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | Morgan Stanley                                             | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    620000 | PA      | $632152.09    | 0.47%             | 2029-04-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                            | CUSIP: 78403DAX8<br>LEI: N/A                  | Long             | DBT              |  | US        |    309877 | PA      | $270216.46    | 0.20%             | 2031-10-15      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| CoreVest American Finance Trust                                              | CoreVest American Finance 2021-3 Trust                     | CUSIP: 21873NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    660000 | PA      | $641659.85    | 0.48%             | 2054-10-15      | Fixed         | 2.49%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 36179X2M7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    395647 | PA      | $404053.45    | 0.30%             | 2053-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bonds                                        | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    490000 | PA      | $405302.74    | 0.30%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                                                     | Omega Healthcare Investors Inc                             | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |    270000 | PA      | $271515.40    | 0.20%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receivables Trust                                     | Capital One Prime Auto Receivables Trust 2024-1            | CUSIP: 14043NAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201264.12    | 0.15%             | 2029-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                         | Bank of America Corp                                       | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    330000 | PA      | $334707.08    | 0.25%             | 2029-01-24      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3133A2JY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    181406 | PA      | $159443.94    | 0.12%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3132DWC68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5459250 | PA      | $4333598.60   | 3.25%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                              | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    164000 | PA      | $117782.31    | 0.09%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | Celanese US Holdings LLC                                   | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    229000 | PA      | $237148.68    | 0.18%             | 2027-07-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                                                         | Petronas Capital Ltd                                       | CUSIP: 71675CAE8<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |    360000 | PA      | $234602.56    | 0.18%             | 2061-04-28      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                      | MPLX LP                                                    | CUSIP: 55336VBQ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    245000 | PA      | $221735.98    | 0.17%             | 2030-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                           | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    340000 | PA      | $344757.58    | 0.26%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                              | CUSIP: 842400GU1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48287.27     | 0.04%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3618FHNL2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     40319 | PA      | $41761.07     | 0.03%             | 2053-11-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38385C5B0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    657366 | PA      | $660945.87    | 0.50%             | 2053-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                       | Philip Morris International Inc                            | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233873.53    | 0.18%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38385DDU7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1465021 | PA      | $1433092.04   | 1.08%             | 2054-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MIDWEST CONNECTOR CAPIT                                                      | Midwest Connector Capital Co LLC                           | CUSIP: 59833CAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $203262.05    | 0.15%             | 2029-04-01      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                               | Carvana Auto Receivables Trust 2024-P1                     | CUSIP: 14688NAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $326894.98    | 0.25%             | 2029-04-10      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DQA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    515702 | PA      | $451689.54    | 0.34%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                               | Morgan Stanley                                             | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170171.41    | 0.13%             | 2033-07-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                     | Western Midstream Operating LP                             | CUSIP: 958254AJ3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    255000 | PA      | $212798.88    | 0.16%             | 2048-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                                 | 7-Eleven Inc                                               | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |     60000 | PA      | $55341.14     | 0.04%             | 2028-02-10      | Fixed         | 1.30%                 | Yes           |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                              | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    390000 | PA      | $397891.09    | 0.30%             | 2030-02-13      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                        | Toronto-Dominion Bank/The                                  | CUSIP: 89116CQJ9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    355000 | PA      | $356018.85    | 0.27%             | 2034-09-10      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                            | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | ABS-O            |  | US        |     20000 | PA      | $19673.31     | 0.01%             | 2026-01-15      | Fixed         | 1.88%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                           | Meta Platforms Inc                                         | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     66000 | PA      | $64497.66     | 0.05%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES                                                     | Hyundai Capital Services Inc                               | CUSIP: 44920UAU2<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    550000 | PA      | $554287.14    | 0.42%             | 2027-02-05      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                     | Cheniere Corpus Christi Holdings LLC                       | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    170000 | PA      | $138360.47    | 0.10%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                       | Santander Drive Auto Receivables Trust 2024-2              | CUSIP: 80286YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201049.36    | 0.15%             | 2028-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DC59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116296 | PA      | $101901.32    | 0.08%             | 2049-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC                                                       | Switch ABS Issuer LLC                                      | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340000 | PA      | $335383.72    | 0.25%             | 2055-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: No      |
| INDIANA MICHIGAN POWER                                                       | Indiana Michigan Power Co                                  | CUSIP: 454889AV8<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |    215000 | PA      | $211029.01    | 0.16%             | 2053-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                                       | John Deere Owner Trust 2023-B                              | CUSIP: 477920AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    156155 | PA      | $156988.89    | 0.12%             | 2028-03-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                       | BP Capital Markets America Inc                             | CUSIP: 10373QBU3<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109852.94    | 0.08%             | 2033-02-13      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                       | Philip Morris International Inc                            | CUSIP: 718172DH9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    380000 | PA      | $391379.34    | 0.29%             | 2031-02-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                   | Progress Residential 2025-SFR1 Trust                       | CUSIP: 74334NAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270000 | PA      | $255072.92    | 0.19%             | 2042-02-17      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                                                | CoreVest American Finance 2021-2 Trust                     | CUSIP: 21873BAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111911 | PA      | $107225.13    | 0.08%             | 2054-07-15      | Fixed         | 1.41%                 | Yes           |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                      | Hyundai Capital America                                    | CUSIP: 44891ACE5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    490000 | PA      | $508436.05    | 0.38%             | 2030-04-01      | Fixed         | 5.80%                 | Yes           |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                                                       | Boardwalk Pipelines LP                                     | CUSIP: 096630AK4<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131862.67    | 0.10%             | 2034-08-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                                           | Honda Auto Receivables 2024-1 Owner Trust                  | CUSIP: 437918AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580000 | PA      | $584972.22    | 0.44%             | 2028-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                        | Wells Fargo & Co                                           | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    220000 | PA      | $240466.84    | 0.18%             | 2034-10-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| AMEREN ILLINOIS CO                                                           | Ameren Illinois Co                                         | CUSIP: 02361DAZ3<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |    175000 | PA      | $180060.64    | 0.14%             | 2052-12-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                                     | Toyota Lease Owner Trust 2025-A                            | CUSIP: 89239NAD7<br>LEI: 254900299R9KF5UH9O95 | Long             | ABS-O            | CORP              | US        |    655000 | PA      | $660545.75    | 0.50%             | 2028-02-22      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| AMGEN INC                                                                    | Amgen Inc                                                  | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    215000 | PA      | $209020.83    | 0.16%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                                                               | Phillips 66 Co                                             | CUSIP: 718547AR3<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303077.59    | 0.23%             | 2033-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DHL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    244668 | PA      | $214379.49    | 0.16%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                         | Cleveland-Cliffs Inc                                       | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     90000 | PA      | $86800.95     | 0.07%             | 2031-09-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Farmer Mac Agricultural Real Estate Trust                                    | FARM 21-1 Mortgage Trust                                   | CUSIP: 30768WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    195074 | PA      | $157135.42    | 0.12%             | 2051-01-25      | Variable      | 2.18%                 | Yes           |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                              | SBA Tower Trust                                            | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | ABS-O            |  | US        |    160000 | PA      | $153510.82    | 0.12%             | 2026-11-15      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 3618BWK44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     80471 | PA      | $83000.15     | 0.06%             | 2053-07-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                                                          | Cheniere Energy Inc                                        | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133143.35    | 0.10%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38384CLX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    394505 | PA      | $397678.58    | 0.30%             | 2047-08-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                       | Pacific Gas and Electric Co                                | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    225000 | PA      | $213682.48    | 0.16%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                                                                  | Phillips 66                                                | CUSIP: 718546AW4<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |    260000 | PA      | $228964.33    | 0.17%             | 2030-12-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                                                           | Valero Energy Corp                                         | CUSIP: 91913YBF6<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    345000 | PA      | $351824.12    | 0.26%             | 2030-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                                                    | Avant Loans Funding Trust 2025-REV1                        | CUSIP: 05352BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    340000 | PA      | $341016.84    | 0.26%             | 2034-05-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA                                                     | Blue Owl Technology Finance Corp                           | CUSIP: 691205AE8<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    150000 | PA      | $147054.00    | 0.11%             | 2026-06-17      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3132DNJ95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    638527 | PA      | $575158.82    | 0.43%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                          | American Tower Corp                                        | CUSIP: 03027XBY5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    205000 | PA      | $210697.50    | 0.16%             | 2028-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Retail Trust                                                  | Daimler Trucks Retail Trust 2024-1                         | CUSIP: 233874AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    330000 | PA      | $333431.74    | 0.25%             | 2027-12-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                       | Pacific Gas and Electric Co                                | CUSIP: 694308HN0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    770000 | PA      | $572821.61    | 0.43%             | 2046-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                          | Ashtead Capital Inc                                        | CUSIP: 045054AP8<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $172579.92    | 0.13%             | 2031-08-12      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                | CUSIP: 38141GZN7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    255000 | PA      | $194417.98    | 0.15%             | 2043-02-24      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3133KQEW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    617705 | PA      | $620536.19    | 0.47%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMorgan Chase & Co                                        | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    655000 | PA      | $680123.74    | 0.51%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                            | GreatAmerica Leasing Receivables Funding LLC Series 2024-2 | CUSIP: 39154GAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    625000 | PA      | $635770.81    | 0.48%             | 2031-05-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                            | HSBC Holdings PLC                                          | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    345000 | PA      | $351274.62    | 0.26%             | 2031-05-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                        | AvalonBay Communities Inc                                  | CUSIP: 053484AF8<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    135000 | PA      | $138836.25    | 0.10%             | 2034-06-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                                                | Corevest American Finance 2021-1 Trust                     | CUSIP: 21873LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    484480 | PA      | $472533.83    | 0.35%             | 2053-04-15      | Fixed         | 1.57%                 | Yes           |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                     | Cheniere Corpus Christi Holdings LLC                       | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37623.32     | 0.03%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                     | AerCap Ireland Capital DAC / AerCap Global Aviation Trust  | CUSIP: 00774MAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    250000 | PA      | $245683.27    | 0.18%             | 2028-01-23      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TERRAFORM POWER OPERATIN                                                     | TerraForm Power Operating LLC                              | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |    171000 | PA      | $163713.95    | 0.12%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| NOV INC                                                                      | NOV Inc                                                    | CUSIP: 637071AM3<br>LEI: 549300EHF3IW1AR6U008 | Long             | DBT              | CORP              | US        |    112000 | PA      | $107430.78    | 0.08%             | 2029-12-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                          | Frontier Issuer LLC                                        | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1015803.20   | 0.76%             | 2053-08-20      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397719.78    | 0.30%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                                 | 7-Eleven Inc                                               | CUSIP: 817826AG5<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    135000 | PA      | $79997.12     | 0.06%             | 2051-02-10      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| City of Chula Vista CA                                                       | CHULA VISTA CA PENSN OBLG                                  | CUSIP: 17131RBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $174515.24    | 0.13%             | 2045-06-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                           | Meta Platforms Inc                                         | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117028.96    | 0.09%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38382MYF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    415116 | PA      | $323848.77    | 0.24%             | 2050-01-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts                                                             | Westgate Resorts 2024-1 LLC                                | CUSIP: 96034KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    249220 | PA      | $252615.41    | 0.19%             | 2038-01-20      | Fixed         | 6.56%                 | Yes           |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                                                     | Celanese US Holdings LLC                                   | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    175000 | PA      | $183465.10    | 0.14%             | 2032-07-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DMJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114811 | PA      | $100310.53    | 0.08%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts                                                             | Westgate Resorts 2022-1 LLC                                | CUSIP: 96034JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     71428 | PA      | $71032.74     | 0.05%             | 2036-08-20      | Fixed         | 2.29%                 | Yes           |                  2 | On Loan: No      |
| KENVUE INC                                                                   | Kenvue Inc                                                 | CUSIP: 49177JAR3<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |     85000 | PA      | $78637.42     | 0.06%             | 2063-03-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                         | M&T Bank Corp                                              | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134531.07    | 0.10%             | 2036-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                     | Ford Motor Credit Co LLC                                   | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    225000 | PA      | $204586.42    | 0.15%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                                               | Capital One NA                                             | CUSIP: 25466AAP6<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |    330000 | PA      | $331744.17    | 0.25%             | 2028-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                                                     | Delta Air Lines Inc / SkyMiles IP Ltd                      | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    800000 | PA      | $801855.25    | 0.60%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                                                           | Athene Holding Ltd                                         | CUSIP: 04686JAD3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $211940.12    | 0.16%             | 2051-05-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38384AJ20<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    387419 | PA      | $391313.19    | 0.29%             | 2042-06-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                  | Freddie Mac Pool                                           | CUSIP: 3132DV6D2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    172117 | PA      | $149529.81    | 0.11%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418D4C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1921272 | PA      | $1757840.02   | 1.32%             | 2036-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                | Citigroup Inc                                              | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    870000 | PA      | $789012.95    | 0.59%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38383X5T7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1267475 | PA      | $1279137.17   | 0.96%             | 2053-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                | SBA Small Business Investment Cos                          | CUSIP: 831641FW0<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    313748 | PA      | $326390.51    | 0.24%             | 2033-09-10      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                              | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    214000 | PA      | $141441.87    | 0.11%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                 | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1858432 | NS      | $1858432.01   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNA INTERNATIONAL INC                                                      | Magna International Inc                                    | CUSIP: 559222BD5<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $138549.76    | 0.10%             | 2035-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                             | BAT Capital Corp                                           | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    315000 | PA      | $331474.28    | 0.25%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                                                       | Blue Owl Credit Income Corp                                | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    518000 | PA      | $503777.36    | 0.38%             | 2026-09-23      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding                                           | GRACIE POINT INTERNATIONAL FUNDING 2023-2                  | CUSIP: 38410JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     36371 | PA      | $36429.40     | 0.03%             | 2027-03-01      | Floating      | 6.60%                 | Yes           |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                          | Southern California Edison Co                              | CUSIP: 842400HU0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116462.60    | 0.09%             | 2028-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                                 | 7-Eleven Inc                                               | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |     60000 | PA      | $50818.13     | 0.04%             | 2031-02-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| INT DEVELOPMENT FIN CORP                                                     | United States International Development Finance Corp       | CUSIP: 90376PAX9<br>LEI: 254900QI8QTIK0FY6E92 | Long             | DBT              | USGA              | US        |     82096 | PA      | $76963.67     | 0.06%             | 2029-10-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                                                     | Lloyds Banking Group PLC                                   | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    405000 | PA      | $408649.84    | 0.31%             | 2029-06-13      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                       | Chase Auto Owner Trust 2024-2                              | CUSIP: 16144CAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    280000 | PA      | $284320.43    | 0.21%             | 2029-06-25      | Fixed         | 5.52%                 | Yes           |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                                                        | Evergy Kansas Central Inc                                  | CUSIP: 30036FAA9<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    875000 | PA      | $605234.77    | 0.45%             | 2050-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                           | Roche Holdings Inc                                         | CUSIP: 771196CG5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    390000 | PA      | $412330.62    | 0.31%             | 2030-11-13      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 3140JQQQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     68969 | PA      | $62848.35     | 0.05%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 3140X4DE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    747015 | PA      | $662674.19    | 0.50%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                      | Pfizer Investment Enterprises Pte Ltd                      | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     95000 | PA      | $90593.61     | 0.07%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| SNAM SPA                                                                     | Snam SpA                                                   | CUSIP: 83304JAB3<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |    690000 | PA      | $704237.12    | 0.53%             | 2035-05-28      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| VAR ENERGI ASA                                                               | Var Energi ASA                                             | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $211691.80    | 0.16%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 3140X7VZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    200904 | PA      | $168416.24    | 0.13%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                   | Progress Residential 2022-SFR3 Trust                       | CUSIP: 74331UAA6<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    239360 | PA      | $233555.41    | 0.18%             | 2039-04-17      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38383VUY2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    496671 | PA      | $498573.40    | 0.37%             | 2049-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                          | JPMorgan Chase & Co                                        | CUSIP: 46647PDU7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200208.90    | 0.15%             | 2029-07-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bonds                                        | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4223000 | PA      | $4110826.56   | 3.08%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                   | PacifiCorp                                                 | CUSIP: 695114DC9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $514905.88    | 0.39%             | 2031-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Ginnie Mae II Pool                                         | CUSIP: 36179XHX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2944690 | PA      | $2757377.48   | 2.07%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                   | Fannie Mae Pool                                            | CUSIP: 31418DX98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1145093 | PA      | $1047725.81   | 0.79%             | 2036-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38384N5G6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1094127 | PA      | $1078475.30   | 0.81%             | 2054-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA G&E CO                                                              | Oklahoma Gas and Electric Co                               | CUSIP: 678858BY6<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |    107000 | PA      | $104213.48    | 0.08%             | 2053-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                     | Government National Mortgage Association                   | CUSIP: 38385GLF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1446934 | PA      | $1449553.15   | 1.09%             | 2053-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                                                            | Tractor Supply Co                                          | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86721.34     | 0.07%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                     | Santander UK Group Holdings PLC                            | CUSIP: 80281LAT2<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $287022.87    | 0.22%             | 2029-01-10      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                 | Enbridge Inc                                               | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $331770.70    | 0.25%             | 2033-03-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL SERVICES                                                     | Hyundai Capital Services Inc                               | CUSIP: 44920UAX6<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |    500000 | PA      | $506804.31    | 0.38%             | 2028-01-22      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| UNITED AIR 2019-2 AA PTT                                                     | United Airlines 2019-2 Class AA Pass Through Trust         | CUSIP: 90932JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    794734 | PA      | $710117.17    | 0.53%             | 2032-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PSEG POWER LLC                                                               | PSEG Power LLC                                             | CUSIP: 69362BBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $365600.60    | 0.27%             | 2035-05-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                       | U.S. Treasury Bonds                                        | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4717000 | PA      | $3431617.50   | 2.57%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                           | Roche Holdings Inc                                         | CUSIP: 771196CM2<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193973.09    | 0.15%             | 2054-03-08      | Fixed         | 5.22%                 | Yes           |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                                            | Expedia Group Inc                                          | CUSIP: 30212PBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $331339.82    | 0.25%             | 2027-08-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                      | Metropolitan Life Global Funding I                         | CUSIP: 59217GFP9<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    180000 | PA      | $182687.20    | 0.14%             | 2033-03-28      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile US Trust                                                            | T-Mobile US Trust 2022-1                                   | CUSIP: 87267WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    129727 | PA      | $129814.40    | 0.10%             | 2028-05-22      | Fixed         | 4.91%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                      | Goldman Sachs Group Inc/The                                | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    230000 | PA      | $164687.22    | 0.12%             | 2042-07-21      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                                                           | Cenovus Energy Inc                                         | CUSIP: 15135UAP4<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    395000 | PA      | $372120.11    | 0.28%             | 2037-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                   | AbbVie Inc                                                 | CUSIP: 00287YDV8<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     65000 | PA      | $63711.37     | 0.05%             | 2044-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                 | Barclays PLC                                               | CUSIP: 06738ECS2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205433.82    | 0.15%             | 2055-03-12      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-17

**Name of Applicant:** Homestead Funds Trust

**Signature:** Amy DiMauro

**Name of Signer:** Amy DiMauro

**Title:** Treasurer