# EDGAR Filing Document

**Accession Number:** 0000914036
**File Stem:** 0001410368-25-027768
**Filing Date:** 2025-11
**Character Count:** 148689
**Document Hash:** ac7f9e9124c7021ee0d0d5c94c0836d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027768.hdr.sgml**: 20251121

**ACCESSION NUMBER**: 0001410368-25-027768

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251121

**DATE AS OF CHANGE**: 20251121

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0000914036

**ORGANIZATION NAME:**
- **EIN:** 521835648
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08090
- **FILM NUMBER:** 251504958

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** 260-455-2000

**MAIL ADDRESS:**
- **STREET 1:** 1301 SOUTH HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGGRESSIVE GROWTH FUND /
- **DATE OF NAME CHANGE:** 20031001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 20030910

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LINCOLN NATIONAL AGGRESSIVE GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19931025

## Series and Classes Contracts Data

### LVIP JPMorgan Short Duration Bond Fund (Series ID: S000070167)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000223154 | Standard Class |  |
| C000223155 | Service Class  |  |

## Nport-Ex

**LVIP JPMorgan Short Duration Bond Fund**

**Schedule of Investments**

September 30, 2025 (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount°**<br>| **Value** <br>**(U.S. $)**<br>|
| **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–12.96%** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–12.96%** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS–12.96%** |
| &nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. Reference REMICS <br> Series R007 Class ZA 6.00% <br> 5/15/36<br>| 2924435 | $3056166 |
| Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS | Federal Home Loan Mortgage Corp. REMICS |
| &nbsp;&nbsp;&nbsp; Series 2733 Class ME 5.00% <br> 1/15/34<br>| 932504 | 949064 |
| &nbsp;&nbsp;&nbsp; Series 2777 Class PG 5.00% <br> 4/15/34<br>| 2633103 | 2688606 |
| &nbsp;&nbsp;&nbsp; Series 2950 Class LH 5.50% <br> 3/15/35<br>| 2214378 | 2294503 |
| &nbsp;&nbsp;&nbsp; Series 3228 Class PG 5.50% <br> 10/15/36<br>| 1348026 | 1398745 |
| &nbsp;&nbsp;&nbsp; Series 3256 Class KE 5.50% <br> 12/15/36<br>| 1298018 | 1343729 |
| &nbsp;&nbsp;&nbsp; Series 4248 Class HZ 3.00% <br> 9/15/33<br>| 1516577 | 1462806 |
| &nbsp;&nbsp;&nbsp; Series 4283 Class TZ 3.50% <br> 12/15/33<br>| 4995886 | 4894233 |
| &nbsp;&nbsp;&nbsp; Series 4483 Class CA 3.00% <br> 6/15/44<br>| 1123013 | 1086635 |
| &nbsp;&nbsp;&nbsp; Series 4507 Class ED 3.00% <br> 8/15/44<br>| 1801410 | 1730241 |
| &nbsp;&nbsp;&nbsp; Series 4669 Class QU 4.50% <br> 9/15/44<br>| 1565509 | 1571249 |
| &nbsp;&nbsp;&nbsp; Series 4680 Class PA 3.00% <br> 3/15/46<br>| 3057269 | 2922241 |
| &nbsp;&nbsp;&nbsp; Series 4767 Class LA 3.50% <br> 8/15/46<br>| 2214202 | 2180534 |
| &nbsp;&nbsp;&nbsp; Series 5092 Class WG 1.00% <br> 4/25/31<br>| 6709885 | 6299710 |
| &nbsp;&nbsp;&nbsp; Series 5334 Class GA 6.00% <br> 7/25/45<br>| 2827187 | 2859347 |
| &nbsp;&nbsp;&nbsp; Series 5401 Class VD 6.00% <br> 1/25/35<br>| 4247588 | 4345303 |
| &nbsp;&nbsp;&nbsp; Series 5422 Class CA 5.50% <br> 5/25/49<br>| 4879259 | 4890055 |
| &nbsp;&nbsp;&nbsp; Series 5507 Class LA 5.50% <br> 1/25/51<br>| 2021585 | 2030256 |
| &nbsp;&nbsp;&nbsp; Series 5514 Class VC 5.00% <br> 2/25/36<br>| 4317000 | 4366944 |
| &nbsp;&nbsp;&nbsp; Series 5534 Class DA 5.00% <br> 4/25/52<br>| 3705823 | 3693170 |
| &nbsp;&nbsp;&nbsp; Series 5536 Class PA 5.00% <br> 5/25/54<br>| 4784974 | 4801238 |
| &nbsp;&nbsp;&nbsp; Series 5558 Class BA 5.50% <br> 7/25/50<br>| 2647148 | 2668847 |
| •Federal Home Loan Mortgage Corp. STACR REMICS Trust | •Federal Home Loan Mortgage Corp. STACR REMICS Trust | •Federal Home Loan Mortgage Corp. STACR REMICS Trust |
| &nbsp;&nbsp;&nbsp; Series 2023-HQA3 Class A1 <br> 6.21% (30 day USD SOFR <br> Average + 1.85%) 11/25/43<br>| 2216245 | 2241375 |
| &nbsp;&nbsp;&nbsp; Series 2024-DNA3 Class M1 <br> 5.36% (30 day USD SOFR <br> Average + 1.00%) 10/25/44<br>| 958581 | 958434 |
| &nbsp;&nbsp;&nbsp; Series 2025-DNA1 Class M2 <br> 5.71% (30 day USD SOFR <br> Average + 1.35%) 1/25/45<br>| 3600000 | 3599986 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** |
| &nbsp;&nbsp; •Federal Home Loan Mortgage Corp. STACR REMICS <br> Trust (continued) | &nbsp;&nbsp; •Federal Home Loan Mortgage Corp. STACR REMICS <br> Trust (continued) | &nbsp;&nbsp; •Federal Home Loan Mortgage Corp. STACR REMICS <br> Trust (continued) |
| &nbsp;&nbsp;&nbsp; Series 2025-DNA2 Class A1 <br> 5.46% (30 day USD SOFR <br> Average + 1.10%) 5/25/45<br>| 2975000 | $2981216 |
| &nbsp;&nbsp; ♦Federal Home Loan Mortgage Corp. Structured Pass-Through <br> Certificates | &nbsp;&nbsp; ♦Federal Home Loan Mortgage Corp. Structured Pass-Through <br> Certificates | &nbsp;&nbsp; ♦Federal Home Loan Mortgage Corp. Structured Pass-Through <br> Certificates |
| &nbsp;&nbsp;&nbsp; Series T-54 Class 2A 6.50% <br> 2/25/43<br>| 420 | 425 |
| &nbsp;&nbsp;&nbsp; Series T-58 Class 2A 6.50% <br> 9/25/43<br>| 5442 | 5720 |
| &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust | &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust | &nbsp;&nbsp; •Federal National Mortgage Association Connecticut Avenue <br> Securities Trust |
| &nbsp;&nbsp;&nbsp; Series 2023-R08 Class 1M1 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 10/25/43<br>| 1344600 | 1349399 |
| &nbsp;&nbsp;&nbsp; Series 2025-R01 Class 1M2 <br> 5.86% (30 day USD SOFR <br> Average + 1.50%) 1/25/45<br>| 1570000 | 1572286 |
| &nbsp;&nbsp;&nbsp; Series 2025-R02 Class 1M2 <br> 5.96% (30 day USD SOFR <br> Average + 1.60%) 2/25/45<br>| 2640000 | 2645688 |
| &nbsp;&nbsp; •Federal National Mortgage <br> Association Grantor Trust <br> Series 2001-T5 Class A2 <br> 7.00% 6/19/41<br>| 5038 | 5200 |
| Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS | Federal National Mortgage Association REMICS |
| &nbsp;&nbsp;&nbsp; Series 2005-106 Class XZ <br> 5.50% 12/25/35<br>| 1248030 | 1305295 |
| &nbsp;&nbsp;&nbsp; Series 2005-29 Class ZE <br> 5.50% 4/25/35<br>| 1345616 | 1378924 |
| &nbsp;&nbsp;&nbsp; Series 2010-118 Class KH <br> 3.50% 10/25/40<br>| 1592412 | 1561273 |
| &nbsp;&nbsp;&nbsp; Series 2010-149 Class ZC <br> 4.50% 1/25/41<br>| 3878933 | 3893678 |
| &nbsp;&nbsp;&nbsp; Series 2011-98 Class BY <br> 4.00% 10/25/31<br>| 2728398 | 2717189 |
| &nbsp;&nbsp;&nbsp; Series 2012-98 Class ZP <br> 6.00% 9/25/42<br>| 2771699 | 2950343 |
| &nbsp;&nbsp;&nbsp; Series 2015-28 Class P 2.50% <br> 5/25/45<br>| 8510361 | 8027482 |
| &nbsp;&nbsp;&nbsp; Series 2020-89 Class A 3.50% <br> 6/25/41<br>| 2036466 | 1983407 |
| &nbsp;&nbsp;&nbsp; Series 2023-12 Class GB <br> 6.00% 6/25/45<br>| 3007538 | 3053536 |
| &nbsp;&nbsp;&nbsp; Series 2023-29 Class JA <br> 5.50% 5/25/36<br>| 5542969 | 5582218 |
| &nbsp;&nbsp;&nbsp; Series 2023-42 Class B 6.00% <br> 7/25/45<br>| 3748813 | 3794472 |
| &nbsp;&nbsp;&nbsp; Series 2023-61 Class G 5.50% <br> 1/25/49<br>| 1932386 | 1940108 |
| &nbsp;&nbsp;&nbsp; Series 2024-13 Class A 5.50% <br> 5/25/44<br>| 4603015 | 4679386 |
| &nbsp;&nbsp;&nbsp; Series 2025-4 Class HP <br> 5.50% 2/25/51<br>| 3785283 | 3810113 |

---

*LVIP JPMorgan Short Duration Bond Fund–1*

------

**LVIP JPMorgan Short Duration Bond Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** | **AGENCY COLLATERALIZED MORTGAGE OBLIGATIONS** <br> **(continued)** |
| Federal National Mortgage Association REMICS (continued) | Federal National Mortgage Association REMICS (continued) | Federal National Mortgage Association REMICS (continued) |
| &nbsp;&nbsp;&nbsp; Series 2025-62 Class BA <br> 5.50% 11/25/51<br>| 2439113 | $2461496 |
| Government National Mortgage Association REMICS | Government National Mortgage Association REMICS | Government National Mortgage Association REMICS |
| &nbsp;&nbsp;&nbsp; Series 2022-173 Class VL <br> 5.50% 9/20/33<br>| 1363349 | 1391970 |
| &nbsp;&nbsp;&nbsp; Series 2024-84 Class BA <br> 5.75% 11/20/45<br>| 4364744 | 4387542 |
| &nbsp;&nbsp;&nbsp; Series 2025-113 Class HA <br> 5.50% 3/20/52<br>| 2482225 | 2504133 |
| &nbsp;&nbsp;&nbsp; Series 2025-113 Class KA <br> 5.50% 8/20/51<br>| 3239174 | 3268080 |
| &nbsp;&nbsp;&nbsp; Series 2025-2 Class EA 4.50% <br> 9/20/40<br>| 3413478 | 3419248 |
| **Total Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $142,740,506)** | **Total Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $142,740,506)** | **143003244** |
| **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–1.30%** | **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–1.30%** | **AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–1.30%** |
| &nbsp;&nbsp; •FREMF K-100 Mortgage Trust <br> Series 2019-K100 Class B <br> 3.61% 11/25/52<br>| 5000000 | 4787896 |
| •FREMF Mortgage Trust | •FREMF Mortgage Trust | •FREMF Mortgage Trust |
| &nbsp;&nbsp;&nbsp; Series 2018-K80 Class B <br> 4.38% 8/25/50<br>| 3000000 | 2955193 |
| &nbsp;&nbsp;&nbsp; Series 2018-K86 Class B <br> 4.44% 11/25/51<br>| 4340000 | 4298728 |
| &nbsp;&nbsp;&nbsp; Series 2020-K737 Class C <br> 3.44% 1/25/53<br>| 2315000 | 2276402 |
| **Total Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $14,294,134)** | **Total Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $14,294,134)** | **14318219** |
| **AGENCY MORTGAGE-BACKED SECURITIES–13.48%** | **AGENCY MORTGAGE-BACKED SECURITIES–13.48%** | **AGENCY MORTGAGE-BACKED SECURITIES–13.48%** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; 2.00% 8/1/32 | 3674641 | 3549622 |
| &nbsp;&nbsp; 3.00% 10/1/35 | 4190629 | 3987336 |
| &nbsp;&nbsp; 3.00% 5/1/36 | 10427452 | 9903206 |
| &nbsp;&nbsp; 5.00% 9/1/35 | 2419909 | 2444764 |
| &nbsp;&nbsp; 5.50% 9/1/41 | 1061630 | 1105935 |
| &nbsp;&nbsp; 6.00% 3/1/39 | 2792420 | 2893843 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; 2.00% 7/1/32 | 3787488 | 3643068 |
| &nbsp;&nbsp; 2.50% 2/1/32 | 1925680 | 1857939 |
| &nbsp;&nbsp; 2.50% 2/1/35 | 4447013 | 4308839 |
| &nbsp;&nbsp; 2.50% 8/1/36 | 2286131 | 2155571 |
| &nbsp;&nbsp; 3.00% 10/1/35 | 14914643 | 14184899 |
| &nbsp;&nbsp; 3.00% 11/1/35 | 7180717 | 6835086 |
| &nbsp;&nbsp; 3.00% 5/1/36 | 16983590 | 16139223 |
| &nbsp;&nbsp; 3.50% 12/1/31 | 4080842 | 4010914 |
| &nbsp;&nbsp; 3.50% 5/1/32 | 1323390 | 1299238 |
| &nbsp;&nbsp; 4.00% 11/1/38 | 3221151 | 3191517 |
| &nbsp;&nbsp; 4.36% 5/1/30 | 4000000 | 4022380 |
| &nbsp;&nbsp; 4.50% 7/1/40 | 162975 | 161033 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **AGENCY MORTGAGE-BACKED SECURITIES (continued)** | **AGENCY MORTGAGE-BACKED SECURITIES (continued)** | **AGENCY MORTGAGE-BACKED SECURITIES (continued)** |
| Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) | Federal National Mortgage Association (continued) |
| &nbsp;&nbsp; 4.50% 8/1/41 | 367379 | $367699 |
| &nbsp;&nbsp; 4.50% 2/1/46 | 2982760 | 2986872 |
| &nbsp;&nbsp; 4.50% 5/1/46 | 289100 | 289885 |
| &nbsp;&nbsp; 4.50% 4/1/48 | 1658957 | 1666529 |
| &nbsp;&nbsp; 4.50% 1/1/50 | 758600 | 758888 |
| &nbsp;&nbsp; 4.62% 4/1/29 | 3483424 | 3543953 |
| &nbsp;&nbsp; 4.83% 2/1/30 | 4457000 | 4581717 |
| &nbsp;&nbsp; 5.00% 6/1/39 | 3385018 | 3425717 |
| &nbsp;&nbsp; 5.00% 7/1/47 | 315327 | 323020 |
| &nbsp;&nbsp; 5.03% 1/1/30 | 3607000 | 3714509 |
| &nbsp;&nbsp; 5.05% 3/1/29 | 4816000 | 4928272 |
| &nbsp;&nbsp; 5.15% 3/1/30 | 3400000 | 3535525 |
| &nbsp;&nbsp; 5.29% 5/1/30 | 3060000 | 3192856 |
| &nbsp;&nbsp; 5.30% 3/1/29 | 2319373 | 2401335 |
| &nbsp;&nbsp; 5.50% 5/1/44 | 5703764 | 5937381 |
| &nbsp;&nbsp; 6.00% 3/1/39 | 4728896 | 4886401 |
| &nbsp;&nbsp; 6.00% 5/1/40 | 2595293 | 2687360 |
| &nbsp;&nbsp; 6.00% 1/1/42 | 625134 | 658751 |
| &nbsp;&nbsp; 6.00% 11/1/43 | 1979207 | 2032958 |
| &nbsp;&nbsp; 6.00% 8/1/54 | 10932463 | 11176451 |
| **Total Agency Mortgage-Backed Securities** <br>**(Cost $148,322,156)** | **Total Agency Mortgage-Backed Securities** <br>**(Cost $148,322,156)** | **148790492** |
| **CORPORATE BONDS–21.89%** | **CORPORATE BONDS–21.89%** | **CORPORATE BONDS–21.89%** |
| **Aerospace & Defense–0.49%** | **Aerospace & Defense–0.49%** | **Aerospace & Defense–0.49%** |
| RTX Corp. 5.75% 11/8/26 | 5355000 | 5443337 |
|  |  | **5443337** |
| **Agriculture–0.31%** | **Agriculture–0.31%** | **Agriculture–0.31%** |
| &nbsp;&nbsp; Bunge Ltd. Finance Corp. <br> 4.20% 9/17/29<br>| 3450000 | 3438161 |
|  |  | **3438161** |
| **Auto Manufacturers–0.70%** | **Auto Manufacturers–0.70%** | **Auto Manufacturers–0.70%** |
| &nbsp;&nbsp; Hyundai Capital America <br> 4.90% 6/23/28<br>| 5340000 | 5415647 |
| &nbsp;&nbsp; Volkswagen Group of America <br> Finance LLC 4.45% 9/11/27<br>| 2300000 | 2305586 |
|  |  | **7721233** |
| **Banks–11.57%** | **Banks–11.57%** | **Banks–11.57%** |
| μAIB Group PLC 6.61% 9/13/29 | 4000000 | 4246152 |
| μBank of America Corp. |  |  |
| &nbsp;&nbsp; 4.95% 7/22/28 | 5000000 | 5071980 |
| &nbsp;&nbsp; 5.82% 9/15/29 | 2670000 | 2792006 |
| μBarclays PLC 4.48% 11/11/29 | 1685000 | 1687977 |
| μBNP Paribas SA 4.79% 5/9/29 | 5000000 | 5046566 |
| BPCE SA |  |  |
| &nbsp;&nbsp; 3.50% 10/23/27 | 2745000 | 2698110 |
| &nbsp;&nbsp; 5.13% 1/18/28 | 1065000 | 1084790 |
| μCaixaBank SA 4.63% 7/3/29 | 3520000 | 3544644 |
| &nbsp;&nbsp; μCanadian Imperial Bank of <br> Commerce 4.86% 3/30/29<br>| 5000000 | 5077548 |
| Citibank NA 5.44% 4/30/26 | 1315000 | 1323886 |

---

*LVIP JPMorgan Short Duration Bond Fund–2*

------

**LVIP JPMorgan Short Duration Bond Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| μCitigroup, Inc. |  |  |
| &nbsp;&nbsp; 4.64% 5/7/28 | 5000000 | $5034580 |
| &nbsp;&nbsp; 4.79% 3/4/29 | 5000000 | 5064401 |
| μDeutsche Bank AG |  |  |
| &nbsp;&nbsp; 6.72% 1/18/29 | 708000 | 743498 |
| &nbsp;&nbsp; 6.82% 11/20/29 | 1440000 | 1540308 |
| &nbsp;&nbsp; μFifth Third Bank NA 4.97% <br> 1/28/28<br>| 2810000 | 2838368 |
| μGoldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp; 4.94% 4/23/28 | 5000000 | 5058533 |
| &nbsp;&nbsp; 5.22% 4/23/31 | 2540000 | 2626628 |
| &nbsp;&nbsp; μHSBC Holdings PLC 5.13% <br> 11/19/28<br>| 5000000 | 5089134 |
| &nbsp;&nbsp; μLloyds Banking Group PLC <br> 4.82% 6/13/29<br>| 2000000 | 2027918 |
| μMorgan Stanley |  |  |
| &nbsp;&nbsp; 5.19% 4/17/31 | 1715000 | 1770896 |
| &nbsp;&nbsp; 6.14% 10/16/26 | 12400000 | 12407894 |
| &nbsp;&nbsp; 6.30% 10/18/28 | 1854000 | 1932033 |
| &nbsp;&nbsp; 6.41% 11/1/29 | 694000 | 737629 |
| &nbsp;&nbsp; μMorgan Stanley Bank NA <br> 5.50% 5/26/28<br>| 1985000 | 2028749 |
| &nbsp;&nbsp; NatWest Markets PLC 4.79% <br> 3/21/28<br>| 5000000 | 5087640 |
| &nbsp;&nbsp; μPNC Financial Services <br> Group, Inc.<br>|  |  |
| &nbsp;&nbsp; 5.22% 1/29/31 | 2670000 | 2758702 |
| &nbsp;&nbsp; 5.30% 1/21/28 | 2240000 | 2273201 |
| &nbsp;&nbsp; μRoyal Bank of Canada 4.50% <br> 8/6/29<br>| 2710000 | 2731079 |
| &nbsp;&nbsp; μSociete Generale SA 5.25% <br> 5/22/29<br>| 2940000 | 2989549 |
| &nbsp;&nbsp; State Street Corp. 4.99% <br> 3/18/27<br>| 2080000 | 2112016 |
| Swedbank AB 5.41% 3/14/29 | 2055000 | 2126792 |
| &nbsp;&nbsp; Toronto-Dominion Bank <br> 4.57% 6/2/28<br>| 2655000 | 2689589 |
| μU.S. Bancorp |  |  |
| &nbsp;&nbsp; 4.65% 2/1/29 | 223000 | 225467 |
| &nbsp;&nbsp; 5.05% 2/12/31 | 1950000 | 1999984 |
| &nbsp;&nbsp; 5.38% 1/23/30 | 650000 | 672047 |
| &nbsp;&nbsp; 5.73% 10/21/26 | 243000 | 243163 |
| &nbsp;&nbsp; 6.79% 10/26/27 | 1000000 | 1026792 |
| μUBS Group AG |  |  |
| &nbsp;&nbsp; 4.15% 12/23/29 | 2575000 | 2568900 |
| &nbsp;&nbsp; 4.75% 5/12/28 | 5000000 | 5042773 |
| μWells Fargo & Co. |  |  |
| &nbsp;&nbsp; 4.81% 7/25/28 | 5000000 | 5059017 |
| &nbsp;&nbsp; 5.24% 1/24/31 | 1490000 | 1541566 |
| &nbsp;&nbsp; 5.71% 4/22/28 | 5000000 | 5116174 |
|  |  | **127738679** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Commercial Services–0.31%** | **Commercial Services–0.31%** | **Commercial Services–0.31%** |
| &nbsp;&nbsp; Quanta Services, Inc. 4.30% <br> 8/9/28<br>| 3415000 | $3431115 |
|  |  | **3431115** |
| **Diversified Financial Services–1.89%** | **Diversified Financial Services–1.89%** | **Diversified Financial Services–1.89%** |
| &nbsp;&nbsp; AerCap Ireland Capital <br> DAC/AerCap Global Aviation <br> Trust<br>|  |  |
| &nbsp;&nbsp; 3.00% 10/29/28 | 1310000 | 1262437 |
| &nbsp;&nbsp; 5.10% 1/19/29 | 5820000 | 5957133 |
| Air Lease Corp. 2.88% 1/15/26 | 755000 | 751663 |
| &nbsp;&nbsp; μAmerican Express Co. 4.35% <br> 7/20/29<br>| 5395000 | 5426830 |
| Aviation Capital Group LLC |  |  |
| &nbsp;&nbsp; 1.95% 1/30/26 | 3680000 | 3647465 |
| &nbsp;&nbsp; 3.50% 11/1/27 | 2410000 | 2366847 |
| &nbsp;&nbsp; Avolon Holdings Funding Ltd. <br> 4.95% 1/15/28<br>| 1390000 | 1403955 |
|  |  | **20816330** |
| **Electric–2.18%** | **Electric–2.18%** | **Electric–2.18%** |
| &nbsp;&nbsp; AEP Texas, Inc. 5.45% <br> 5/15/29<br>| 1645000 | 1706643 |
| &nbsp;&nbsp; Enel Finance International <br> NV 4.13% 9/30/28<br>| 1442000 | 1437933 |
| &nbsp;&nbsp; Fells Point Funding Trust <br> 3.05% 1/31/27<br>| 3065000 | 3015342 |
| &nbsp;&nbsp; FirstEnergy Pennsylvania <br> Electric Co. 5.20% 4/1/28<br>| 3465000 | 3543288 |
| &nbsp;&nbsp; National Rural Utilities <br> Cooperative Finance Corp. <br> 4.45% 3/13/26<br>| 2045000 | 2045920 |
| Southern Co. 4.85% 6/15/28 | 4825000 | 4913172 |
| &nbsp;&nbsp; Virginia Power Fuel <br> Securitization LLC 5.09% <br> 5/1/29<br>| 7355088 | 7394262 |
|  |  | **24056560** |
| **Insurance–1.54%** | **Insurance–1.54%** | **Insurance–1.54%** |
| &nbsp;&nbsp; Aon North America, Inc. <br> 5.13% 3/1/27<br>| 1565000 | 1586741 |
| &nbsp;&nbsp; CNO Global Funding 4.38% <br> 9/8/28<br>| 2745000 | 2746151 |
| &nbsp;&nbsp; F&G Global Funding 4.65% <br> 9/8/28<br>| 2750000 | 2759736 |
| &nbsp;&nbsp; Jackson National Life Global <br> Funding 4.70% 6/5/28<br>| 2785000 | 2816377 |
| &nbsp;&nbsp; Mutual of Omaha Cos Global <br> Funding 4.51% 6/9/28<br>| 3740000 | 3770441 |
| &nbsp;&nbsp; New York Life Global Funding <br> 5.45% 9/18/26<br>| 2580000 | 2616422 |
| &nbsp;&nbsp; Northwestern Mutual Global <br> Funding 4.96% 1/13/30<br>| 685000 | 702519 |
|  |  | **16998387** |

---

*LVIP JPMorgan Short Duration Bond Fund–3*

------

**LVIP JPMorgan Short Duration Bond Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** |
| **Miscellaneous Manufacturing–0.41%** | **Miscellaneous Manufacturing–0.41%** | **Miscellaneous Manufacturing–0.41%** |
| &nbsp;&nbsp; Parker-Hannifin Corp. 4.25% <br> 9/15/27<br>| 4455000 | $4475531 |
|  |  | **4475531** |
| **Pipelines–0.64%** | **Pipelines–0.64%** | **Pipelines–0.64%** |
| &nbsp;&nbsp; Energy Transfer LP 5.55% <br> 2/15/28<br>| 4720000 | 4858511 |
| &nbsp;&nbsp; Kinder Morgan, Inc. 5.10% <br> 8/1/29<br>| 2140000 | 2199171 |
|  |  | **7057682** |
| **Real Estate Investment Trusts–0.42%** | **Real Estate Investment Trusts–0.42%** | **Real Estate Investment Trusts–0.42%** |
| &nbsp;&nbsp; Crown Castle, Inc. 1.05% <br> 7/15/26<br>| 4740000 | 4621882 |
|  |  | **4621882** |
| **Savings & Loans–0.13%** | **Savings & Loans–0.13%** | **Savings & Loans–0.13%** |
| &nbsp;&nbsp; μNationwide Building Society <br> 4.65% 7/14/29<br>| 1415000 | 1426561 |
|  |  | **1426561** |
| **Semiconductors–0.46%** | **Semiconductors–0.46%** | **Semiconductors–0.46%** |
| Broadcom, Inc. 5.05% 7/12/29 | 4460000 | 4594183 |
| &nbsp;&nbsp; Marvell Technology, Inc. <br> 4.75% 7/15/30<br>| 515000 | 521708 |
|  |  | **5115891** |
| **Software–0.40%** | **Software–0.40%** | **Software–0.40%** |
| Oracle Corp. |  |  |
| &nbsp;&nbsp; 5.80% 11/10/25 | 2780000 | 2783921 |
| &nbsp;&nbsp; 6.15% 11/9/29 | 1530000 | 1631575 |
|  |  | **4415496** |
| **Telecommunications–0.44%** | **Telecommunications–0.44%** | **Telecommunications–0.44%** |
| &nbsp;&nbsp; T-Mobile USA, Inc. 3.75% <br> 4/15/27<br>| 4850000 | 4821166 |
|  |  | **4821166** |
| **Total Corporate Bonds** <br>**(Cost $238,451,335)** | **Total Corporate Bonds** <br>**(Cost $238,451,335)** | **241578011** |
| **NON-AGENCY ASSET-BACKED SECURITIES–20.53%** | **NON-AGENCY ASSET-BACKED SECURITIES–20.53%** | **NON-AGENCY ASSET-BACKED SECURITIES–20.53%** |
| &nbsp;&nbsp; •AGL CLO 17 Ltd. Series <br> 2022-17A Class AR 5.28% (3 <br> mo. USD Term SOFR + <br> 0.95%) 1/21/35<br>| 2150000 | 2150464 |
| American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust | American Credit Acceptance Receivables Trust |
| &nbsp;&nbsp;&nbsp; Series 2025-1 Class C 5.09% <br> 8/12/31<br>| 3500000 | 3528595 |
| &nbsp;&nbsp;&nbsp; Series 2025-2 Class C 5.11% <br> 3/12/31<br>| 4000000 | 4033060 |
| &nbsp;&nbsp;&nbsp; Series 2025-3 Class D 5.19% <br> 7/12/32<br>| 3000000 | 3016758 |
| ARI Fleet Lease Trust | ARI Fleet Lease Trust | ARI Fleet Lease Trust |
| &nbsp;&nbsp;&nbsp; Series 2024-B Class A2 5.54% <br> 4/15/33<br>| 3727380 | 3757093 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| ARI Fleet Lease Trust (continued) | ARI Fleet Lease Trust (continued) | ARI Fleet Lease Trust (continued) |
| &nbsp;&nbsp;&nbsp; Series 2025-A Class B 4.70% <br> 1/17/34<br>| 2500000 | $2519528 |
| &nbsp;&nbsp; Avis Budget Rental Car <br> Funding AESOP LLC Series <br> 2021-1A Class B 1.63% <br> 8/20/27<br>| 3000000 | 2942559 |
| &nbsp;&nbsp; •Bain Capital Credit CLO Ltd. <br> Series 2021-7A Class A1R <br> 5.31% (3 mo. USD Term <br> SOFR + 0.98%) 1/22/35<br>| 2600000 | 2601024 |
| &nbsp;&nbsp; •Ballyrock CLO 27 Ltd. Series <br> 2024-27A Class A1A 5.67% (3 <br> mo. USD Term SOFR + <br> 1.35%) 10/25/37<br>| 1700000 | 1704769 |
| &nbsp;&nbsp; Bridge Trust Series <br> 2025-SFR1 Class A 4.05% <br> 9/17/42<br>| 3900000 | 3749935 |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust |
| &nbsp;&nbsp;&nbsp; Series 2025-2 Class B 4.81% <br> 8/15/29<br>| 2000000 | 2010693 |
| &nbsp;&nbsp;&nbsp; Series 2025-2 Class C 5.17% <br> 3/17/31<br>| 1000000 | 1010788 |
| &nbsp;&nbsp;&nbsp; Series 2025-2 Class D 5.62% <br> 3/17/31<br>| 2250000 | 2280062 |
| &nbsp;&nbsp; •Canyon Capital CLO Ltd. <br> Series 2019-2A Class AR2 <br> 5.33% (3 mo. USD Term <br> SOFR + 1.01%) 10/15/34<br>| 1100000 | 1100221 |
| &nbsp;&nbsp; •Canyon CLO Ltd. Series <br> 2020-2A Class AR2 5.35% (3 <br> mo. USD Term SOFR + <br> 1.03%) 10/15/34<br>| 1600000 | 1590957 |
| &nbsp;&nbsp; •Carlyle Global Market <br> Strategies CLO Ltd. Series <br> 2014-2RA Class A1 5.52% (3 <br> mo. USD Term SOFR + <br> 1.31%) 5/15/31<br>| 348166 | 348261 |
| &nbsp;&nbsp; Carvana Auto Receivables <br> Trust Series 2024-N3 Class B <br> 4.67% 12/10/30<br>| 4860000 | 4869213 |
| &nbsp;&nbsp; •CBAM Ltd. Series 2020-13A <br> Class A 6.02% (3 mo. USD <br> Term SOFR + 1.69%) <br> 1/20/34<br>| 7000000 | 7004921 |
| Drive Auto Receivables Trust | Drive Auto Receivables Trust | Drive Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp; Series 2024-2 Class C 4.67% <br> 5/17/32<br>| 2300000 | 2309312 |
| &nbsp;&nbsp;&nbsp; Series 2025-1 Class B 4.79% <br> 9/15/32<br>| 4250000 | 4281809 |
| &nbsp;&nbsp; •Dryden 83 CLO Ltd. Series <br> 2020-83A Class AR 5.86% (3 <br> mo. USD Term SOFR + <br> 1.53%) 4/18/37<br>| 4750000 | 4767423 |
| &nbsp;&nbsp; Enterprise Fleet <br> Financing LLC Series 2023-3 <br> Class A2 6.40% 3/20/30<br>| 2928845 | 2972809 |

---

*LVIP JPMorgan Short Duration Bond Fund–4*

------

**LVIP JPMorgan Short Duration Bond Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust | Exeter Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp; Series 2025-2A Class C 5.16% <br> 7/15/31<br>| 4435000 | $4489269 |
| &nbsp;&nbsp;&nbsp; Series 2025-3A Class B 4.86% <br> 2/15/30<br>| 1915000 | 1938745 |
| &nbsp;&nbsp;&nbsp; Series 2025-4A Class C 4.57% <br> 6/16/31<br>| 1930000 | 1931693 |
| &nbsp;&nbsp; FHF Issuer Trust Series <br> 2025-1A Class A2 4.92% <br> 2/15/31<br>| 1862775 | 1859240 |
| &nbsp;&nbsp; Ford Credit Auto Owner Trust <br> Series 2022-A Class B 1.91% <br> 7/15/27<br>| 4800000 | 4775437 |
| &nbsp;&nbsp; Ford Credit Floorplan Master <br> Owner Trust A Series 2024-1 <br> Class A1 5.29% 4/15/29<br>| 9000000 | 9170207 |
| &nbsp;&nbsp; GLS Auto Receivables Issuer <br> Trust Series 2025-2A Class C <br> 5.11% 1/15/31<br>| 3750000 | 3792669 |
| &nbsp;&nbsp; •HalseyPoint CLO 5 Ltd. Series <br> 2021-5A Class A1A 5.78% (3 <br> mo. USD Term SOFR + <br> 1.47%) 1/30/35<br>| 4000000 | 4003224 |
| &nbsp;&nbsp; Hertz Vehicle Financing <br> III LLC Series 2025-3A <br> Class A 5.06% 12/26/29<br>| 3750000 | 3805916 |
| Hilton Grand Vacations Trust | Hilton Grand Vacations Trust | Hilton Grand Vacations Trust |
| &nbsp;&nbsp;&nbsp; Series 2025-1A Class A 4.88% <br> 5/27/42<br>| 2309787 | 2339303 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A Class A 4.54% <br> 5/25/44<br>| 1024857 | 1027056 |
| &nbsp;&nbsp; Huntington Auto Trust Series <br> 2024-1A Class A3 5.23% <br> 1/16/29<br>| 10000000 | 10110589 |
| &nbsp;&nbsp; Hyundai Auto Lease <br> Securitization Trust Series <br> 2024-C Class A3 4.62% <br> 4/17/28<br>| 5500000 | 5536376 |
| &nbsp;&nbsp; •Jamestown CLO XVII Ltd. <br> Series 2021-17A Class AR <br> 5.52% (3 mo. USD Term <br> SOFR + 1.20%) 1/25/35<br>| 3000000 | 3003054 |
| &nbsp;&nbsp; Lendmark Funding Trust <br> Series 2025-2A Class A 4.78% <br> 10/20/34<br>| 3885000 | 3910768 |
| &nbsp;&nbsp; •Magnetite XL Ltd. Series <br> 2024-40A Class A1 5.77% (3 <br> mo. USD Term SOFR + <br> 1.45%) 7/15/37<br>| 5000000 | 5021790 |
| &nbsp;&nbsp; Mariner Finance Issuance <br> Trust Series 2025-AA Class A <br> 4.98% 5/20/38<br>| 3500000 | 3538440 |
| &nbsp;&nbsp; •Neuberger Berman Loan <br> Advisers CLO 42 Ltd. Series <br> 2021-42A Class AR 5.27% (3 <br> mo. USD Term SOFR + <br> 0.95%) 7/16/36<br>| 1150000 | 1150013 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; New Residential Mortgage <br> Loan Trust Series 2022-SFR1 <br> Class B 2.85% 2/17/39<br>| 2000000 | $1949592 |
| &nbsp;&nbsp; •NextGear Floorplan Master <br> Owner Trust Series 2024-1A <br> Class A1 5.27% (30 day USD <br> SOFR Average + 0.90%) <br> 3/15/29<br>| 11000000 | 11050164 |
| &nbsp;&nbsp; •Octagon Investment Partners <br> 51 Ltd. Series 2021-1A <br> Class AR 5.32% (3 mo. USD <br> Term SOFR + 0.99%) <br> 7/20/34<br>| 2300000 | 2302824 |
| &nbsp;&nbsp; Oportun Issuance Trust <br> Series 2025-B Class A 4.88% <br> 5/9/33<br>| 4000000 | 4026297 |
| PFS Financing Corp. | PFS Financing Corp. | PFS Financing Corp. |
| &nbsp;&nbsp;&nbsp; Series 2024-B Class A 4.95% <br> 2/15/29<br>| 8900000 | 9004817 |
| &nbsp;&nbsp;&nbsp; •Series 2025-A Class A 5.02% <br> (30 day USD SOFR Average <br> + 0.65%) 1/15/29<br>| 11500000 | 11510375 |
| &nbsp;&nbsp; Porsche Innovative Lease <br> Owner Trust Series 2024-1A <br> Class A3 4.67% 11/22/27<br>| 3200000 | 3216340 |
| &nbsp;&nbsp; Republic Finance Issuance <br> Trust Series 2025-A Class A <br> 4.59% 11/20/34<br>| 1411000 | 1410686 |
| Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust | Santander Drive Auto Receivables Trust |
| &nbsp;&nbsp;&nbsp; Series 2025-1 Class D 5.43% <br> 3/17/31<br>| 6550000 | 6647614 |
| &nbsp;&nbsp;&nbsp; Series 2025-2 Class D 5.47% <br> 5/15/31<br>| 2000000 | 2034897 |
| Sierra Timeshare Receivables Funding LLC | Sierra Timeshare Receivables Funding LLC | Sierra Timeshare Receivables Funding LLC |
| &nbsp;&nbsp;&nbsp; Series 2024-1A Class B 5.35% <br> 1/20/43<br>| 1279788 | 1290057 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A Class B 5.29% <br> 6/20/41<br>| 2093885 | 2109487 |
| &nbsp;&nbsp; Stream Innovations Issuer <br> Trust Series 2025-1A Class A <br> 5.05% 9/15/45<br>| 2813180 | 2839335 |
| &nbsp;&nbsp; Toyota Auto Receivables <br> Owner Trust Series 2024-A <br> Class A3 4.83% 10/16/28<br>| 1200000 | 1207999 |
| &nbsp;&nbsp; United Auto Credit <br> Securitization Trust Series <br> 2025-1 Class B 5.05% <br> 2/10/28<br>| 1222000 | 1225447 |
| &nbsp;&nbsp; Verdant Receivables LLC <br> Series 2025-1A Class A3 <br> 4.96% 5/12/33<br>| 2000000 | 2033986 |
| Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| &nbsp;&nbsp;&nbsp; Series 2024-3 Class A1A <br> 5.34% 4/22/30<br>| 5500000 | 5620494 |
| &nbsp;&nbsp;&nbsp; Series 2025-1 Class B 4.94% <br> 1/21/31<br>| 5000000 | 5078593 |

---

*LVIP JPMorgan Short Duration Bond Fund–5*

------

**LVIP JPMorgan Short Duration Bond Fund**

**Schedule of Investments (continued)**

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** | **NON-AGENCY ASSET-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; Veros Auto Receivables Trust <br> Series 2025-1 Class A 5.31% <br> 9/15/28<br>| 1446135 | $1451385 |
| Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust |
| &nbsp;&nbsp;&nbsp; Series 2024-3A Class C 4.92% <br> 11/15/29<br>| 3500000 | 3525201 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A Class D <br> 5.54% 11/15/30<br>| 3000000 | 3063023 |
| &nbsp;&nbsp; Wheels Fleet Lease Funding 1 <br> LLC Series 2024-3A Class A1 <br> 4.80% 9/19/39<br>| 4931763 | 4980360 |
| &nbsp;&nbsp; World Omni Auto Receivables <br> Trust Series 2022-D Class A3 <br> 5.61% 2/15/28<br>| 18679 | 18755 |
| &nbsp;&nbsp; •Zais CLO 16 Ltd. Series <br> 2020-16A Class A1R2 5.46% <br> (3 mo. USD Term SOFR + <br> 1.13%) 10/20/34<br>| 3100000 | 3100304 |
| **Total Non-Agency Asset-Backed Securities** <br>**(Cost $225,006,928)** | **Total Non-Agency Asset-Backed Securities** <br>**(Cost $225,006,928)** | **226652075** |
| **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATIONS–0.64%** | **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATIONS–0.64%** | **NON-AGENCY COLLATERALIZED MORTGAGE** <br> **OBLIGATIONS–0.64%** |
| &nbsp;&nbsp; φOBX Trust Series 2023-NQM8 <br> Class A1 7.05% 9/25/63<br>| 2632507 | 2669848 |
| &nbsp;&nbsp; φVerus Securitization Trust <br> Series 2023-6 Class A1 6.67% <br> 9/25/68<br>| 4365749 | 4414605 |
| **Total Non-Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $6,998,142)** | **Total Non-Agency Collateralized Mortgage** <br> **Obligations** <br>**(Cost $6,998,142)** | **7084453** |
| **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.59%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.59%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED** <br> **SECURITIES–0.59%** |
| &nbsp;&nbsp; •BMO Mortgage Trust Series <br> 2022-C1 Class A5 3.37% <br> 2/15/55<br>| 2000000 | 1851227 |
| &nbsp;&nbsp; CD Mortgage Trust Series <br> 2019-CD8 Class A4 2.91% <br> 8/15/57<br>| 5000000 | 4623713 |
| **Total Non-Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $6,450,084)** | **Total Non-Agency Commercial Mortgage-Backed** <br> **Securities** <br>**(Cost $6,450,084)** | **6474940** |

---

---

| | | |
|:---|:---|:---|
|  | **Principal**<br> **Amount°**<br>| **Value**<br> **(U.S. $)**<br>|
| **U.S. TREASURY OBLIGATIONS–24.15%** | **U.S. TREASURY OBLIGATIONS–24.15%** | **U.S. TREASURY OBLIGATIONS–24.15%** |
| U.S. Treasury Notes | U.S. Treasury Notes | U.S. Treasury Notes |
| &nbsp;&nbsp; 3.38% 9/15/28 | 31905000 | $31685653 |
| &nbsp;&nbsp; 3.63% 8/31/27 | 4350000 | 4349830 |
| &nbsp;&nbsp; 3.63% 8/15/28 | 4442100 | 4442100 |
| &nbsp;&nbsp; 3.75% 4/30/27 | 6860000 | 6869647 |
| &nbsp;&nbsp; 3.75% 6/30/27 | 442900 | 443696 |
| &nbsp;&nbsp; 3.88% 7/31/27 | 815000 | 818343 |
| &nbsp;&nbsp; 3.88% 6/15/28 | 23655000 | 23810236 |
| &nbsp;&nbsp; 3.88% 7/15/28 | 30340000 | 30536736 |
| &nbsp;&nbsp; 3.88% 6/30/30 | 6145000 | 6182686 |
| &nbsp;&nbsp; 4.13% 2/28/27 | 73682300 | 74122667 |
| &nbsp;&nbsp; 4.25% 2/15/28 | 82155000 | 83319932 |
| **Total U.S. Treasury Obligations** <br>**(Cost $264,670,746)** | **Total U.S. Treasury Obligations** <br>**(Cost $264,670,746)** | **266581526** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Number of** <br>**Shares**<br>|  |
| **MONEY MARKET FUND–3.93%** | **MONEY MARKET FUND–3.93%** | **MONEY MARKET FUND–3.93%** |
| &nbsp;&nbsp; State Street Institutional <br> U.S. Government Money <br> Market Fund - Premier Class <br> (seven-day effective yield <br> 4.09%)<br>| 43331099 | 43331099 |
| **Total Money Market Fund** <br>**(Cost $43,331,099)** | **Total Money Market Fund** <br>**(Cost $43,331,099)** | **43331099** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** <br>**Amount°**<br>|  |
| **SHORT-TERM INVESTMENTS—2.81%** | **SHORT-TERM INVESTMENTS—2.81%** | **SHORT-TERM INVESTMENTS—2.81%** |
| **U.S. Treasury Obligations–2.81%** | **U.S. Treasury Obligations–2.81%** | **U.S. Treasury Obligations–2.81%** |
| ≠U.S. Treasury Bills | ≠U.S. Treasury Bills | ≠U.S. Treasury Bills |
| &nbsp;&nbsp; 0.01% 1/8/26 | 2227000 | 2203786 |
| &nbsp;&nbsp; 0.01% 5/14/26 | 29455000 | 28786648 |
| **Total Short-Term** <br> **Investments** <br>**(Cost $30,925,828)**<br>|  | **30990434** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS–102.28% (Cost $1,121,190,958)** | **1128804493** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **LIABILITIES NET OF RECEIVABLES AND OTHER ASSETS–(2.28%)** | **(25147982)**<br>|
| **NET ASSETS APPLICABLE TO 114,825,144 SHARES OUTSTANDING–100.00%** | **$1103656511** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

------

---

| |
|:---|
| °Principal amount shown is stated in U.S. dollars unless noted that the security is denominated in another currency. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; •Variable rate investment. Rates reset periodically. Rate shown reflects the rate in effect at September 30, 2025. For securities based on a <br> published reference rate and spread, the reference rate and spread are indicated in their description above and may be subject to caps <br> and/or floors or include a multiplier. Certain variable rate securities are not based on a published reference rate and spread but are <br> determined by the issuer or agent and are based on current market conditions such as changes in current interest rate and prepayments <br> on the underlying pool of assets. These securities do not indicate a reference rate and spread in their description above. |

---

*LVIP JPMorgan Short Duration Bond Fund–6*

------

**LVIP JPMorgan Short Duration Bond Fund**

**Schedule of Investments (continued)**

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ♦Pass Through Agreement. Security represents the contractual right to receive a proportionate amount of underlying payments due to the <br> counterparty pursuant to various agreements related to the rescheduling of obligations and the exchange of certain notes. |
| μFixed to variable rate investment. The rate shown reflects the fixed rate in effect at September 30, 2025. Rate will reset at a future date. |
| φStep coupon bond. Coupon increases/decreases periodically based on predetermined schedule. Stated rate in effect at September 30, 2025. |
| ≠The rate shown is the effective yield at the time of purchase. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The following futures contracts were outstanding at September 30, 2025:<br>

**Futures Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Contracts to Buy (Sell)** | **Contracts to Buy (Sell)** | **Notional** <br>**Amount**<br>| **Notional** <br>**Cost (Proceeds)**<br>| **Expiration** <br>**Date**<br>| **Value/** <br>**Unrealized** <br>**Appreciation**<sup>1</sup> <br>| **Value/** <br>**Unrealized** <br>**Depreciation**<sup>1</sup> <br>|
| **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** | **Interest Rate Contracts:** |
| (225) | CBOT 10 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; $(25312500)<br>| &nbsp;&nbsp; $(25277557)<br>| &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(34943)<br>|
| 1347 | CBOT 2 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; 280712696 | &nbsp;&nbsp; 280584807 | &nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp; 127889 | &nbsp;&nbsp; — |
| (999) | CBOT 5 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; (109086118)<br>| &nbsp;&nbsp; (108943828)<br>| &nbsp;&nbsp; 12/31/25 | &nbsp;&nbsp; — | &nbsp;&nbsp; (142290)<br>|
| (1) | CBOT U.S. Long Bond Futures | &nbsp;&nbsp; (116594)<br>| &nbsp;&nbsp; (113936)<br>| &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; — | &nbsp;&nbsp; (2658)<br>|
| (61) | Ultra 10 Year U.S. Treasury Notes Futures | &nbsp;&nbsp; (7019765)<br>| &nbsp;&nbsp; (6972550)<br>| &nbsp;&nbsp; 12/19/25 | &nbsp;&nbsp; — | &nbsp;&nbsp; (47215)<br>|
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | &nbsp;&nbsp; $127889 | &nbsp;&nbsp; $(227106)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

The use of futures contracts involves elements of market risk and risks in excess of the amounts recognized in the financial statements. The <br> notional amounts presented above represent the Fund's total exposure in such contracts, whereas only the net unrealized appreciation <br> (depreciation) is reflected in the Fund's net assets.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Includes cumulative appreciation (depreciation) of futures contracts from the date the contracts were opened through September 30, 2025.<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| |
|:---|
| **Summary of Abbreviations:** |
| BMO–Bank of Montreal  |
| BNP–BNP Paribas |
| CBOT–Chicago Board of Trade |
| CLO–Collateralized Loan Obligation |
| FREMF–Freddie Mac Multifamily |
| HSBC–Hong Kong and Shanghai Banking Corporation |
| REMIC–Real Estate Mortgage Investment Conduits |
| SOFR–Secured Overnight Financing Rate |
| STACR–Structured Agency Credit Risk |

---

*LVIP JPMorgan Short Duration Bond Fund–7*

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

- **b. Investment Company Act file number:** 811-08090

- **c. CIK number of Registrant:** 0000914036

- **d. LEI of Registrant:** 3EICVM5HD7FVBIM8WO57

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

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** FORT WAYNE

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 260-455-2000

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

- **a. Name of Series:** LVIP JPMorgan Short Duration Bond Fund

- **b. EDGAR series identifier (if any):** S000070167

- **c. LEI of Series:** 549300AKQ48REGB3RM97

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $1104431554.71

**Total Liabilities:** $727714.40

**Net Assets:** $1103703840.31

**Cash Not Reported:** $211231.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1590.41000000 | **1-Year:** -52386.78000000 | **5-Year:** -43502.30000000 | **10-Year:** -8194.70000000 | **30-Year:** -2715.76000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223155 | -0.04%               | 0.88%                | 0.29%                |
| Class ID C000223154 | -0.01%               | 0.91%                | 0.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $541817.32               | $-4135985.11                               |
| Month 2  | $98366.47                | $6118791.17                                |
| Month 3  | $178021.45               | $-530763.95                                |

**Designated Index Information**

- **Index Name:** Bloomberg 1-3 Year US Govt/Credit Index

- **Index Identifier:** LGC3TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hilton Grand Vacations Trust                  | Hilton Grand Vacations Trust 2025-2                        | CUSIP: 43285JAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1024857 | PA      | $1027055.59   | 0.09%             | 2044-05-25      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities      | Freddie Mac Structured Pass-Through Certificates           | CUSIP: 31393LFK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       420 | PA      | $424.80       | 0.00%             | 2043-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                 | Ballyrock CLO 27 Ltd                                       | CUSIP: 05874UAA3<br>LEI: 254900WCB773D35B5908 | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1704768.50   | 0.15%             | 2037-10-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 31398NYP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1592412 | PA      | $1561272.54   | 0.14%             | 2040-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Verdant Receivables LLC                       | Verdant Receivables 2025-1 LLC                             | CUSIP: 92340GAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2033986.20   | 0.18%             | 2033-05-12      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 31397C3Q0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1348026 | PA      | $1398745.19   | 0.13%             | 2036-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                          | Enel Finance International NV                              | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   1442000 | PA      | $1437933.52   | 0.13%             | 2028-09-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Zais Matrix CDO I                             | Zais Clo 16 Ltd                                            | CUSIP: 98875JBJ2<br>LEI: 549300AH84CSK4XX3T86 | Long             | ABS-CBDO         | CORP              | KY        |   3100000 | PA      | $3100303.80   | 0.28%             | 2034-10-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136ANUP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8510361 | PA      | $8027481.81   | 0.73%             | 2045-05-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                      | FHF Issuer Trust 2025-1                                    | CUSIP: 30340RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1862775 | PA      | $1859240.03   | 0.17%             | 2031-02-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC             | Sierra Timeshare 2024-1 Receivables Funding LLC            | CUSIP: 826935AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1279788 | PA      | $1290057.33   | 0.12%             | 2043-01-20      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137BYAF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3057269 | PA      | $2922241.12   | 0.26%             | 2046-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Gold Pool                                      | CUSIP: 31335BZT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1061630 | PA      | $1105935.29   | 0.10%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                              | Crown Castle Inc                                           | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   4740000 | PA      | $4621881.57   | 0.42%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HDDJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4879259 | PA      | $4890054.56   | 0.44%             | 2049-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                              | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5064400.95   | 0.46%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust       | Hyundai Auto Lease Securitization Trust 2024-C             | CUSIP: 448984AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5536375.90   | 0.50%             | 2028-04-17      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                             | Magnetite XL Ltd                                           | CUSIP: 55955RAA7<br>LEI: 5299008V4F49IY3SSP69 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5021790.00   | 0.45%             | 2037-07-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association      | Government National Mortgage Association                   | CUSIP: 38383U5D8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1363349 | PA      | $1391970.09   | 0.13%             | 2033-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                              | Societe Generale SA                                        | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2940000 | PA      | $2989548.97   | 0.27%             | 2029-05-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                         | ARI Fleet Lease Trust 2025-A                               | CUSIP: 04033CAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2519528.00   | 0.23%             | 2034-01-17      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2024-DNA3                    | CUSIP: 35564NEZ2<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |    958581 | PA      | $958433.77    | 0.09%             | 2044-10-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140X72U2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    315327 | PA      | $323020.26    | 0.03%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                       | Nationwide Building Society                                | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1415000 | PA      | $1426561.17   | 0.13%             | 2029-07-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC      | Avis Budget Rental Car Funding AESOP LLC                   | CUSIP: 05377REJ9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2942558.70   | 0.27%             | 2027-08-20      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust                  | Veros Auto Receivables Trust 2025-1                        | CUSIP: 92511BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1446135 | PA      | $1451384.50   | 0.13%             | 2028-09-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BQXC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1932386 | PA      | $1940108.30   | 0.18%             | 2049-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2025-4                 | CUSIP: 30167KAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1930000 | PA      | $1931692.80   | 0.18%             | 2031-06-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association      | Government National Mortgage Association                   | CUSIP: 38381NX52<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3239174 | PA      | $3268080.25   | 0.30%             | 2051-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    815000 | PA      | $818342.77    | 0.07%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                              | T-Mobile USA Inc                                           | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4821166.12   | 0.44%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Bills                                        | CUSIP: 912797RH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2227000 | PA      | $2203786.02   | 0.20%             | 2026-01-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 31394WM88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2633103 | PA      | $2688606.36   | 0.24%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                        | Canyon Capital CLO 2019-2 Ltd                              | CUSIP: 13887WAS9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1100000 | PA      | $1100221.10   | 0.10%             | 2034-10-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140X4W77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1658957 | PA      | $1666528.95   | 0.15%             | 2048-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                       | Dryden 83 CLO Ltd                                          | CUSIP: 26246EAL2<br>LEI: 2549001LFFVBUD1OX384 | Long             | ABS-CBDO         | CORP              | KY        |   4750000 | PA      | $4767423.00   | 0.43%             | 2037-04-18      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                         | Aon North America Inc                                      | CUSIP: 03740MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1586740.90   | 0.14%             | 2027-03-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust 2025-2       | CUSIP: 10807HAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2280062.03   | 0.21%             | 2031-03-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                      | OBX 2023-NQM8 Trust                                        | CUSIP: 67118CAA9<br>LEI: 254900L7QTAO1E3CDI14 | Long             | ABS-MBS          | CORP              | US        |   2632507 | PA      | $2669848.09   | 0.24%             | 2063-09-25      | Variable      | 7.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 31397Q3L0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3878933 | PA      | $3893678.15   | 0.35%             | 2041-01-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2025-2        | CUSIP: 024938AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4033060.00   | 0.37%             | 2031-03-12      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3138WFWD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5722294 | PA      | $5446873.22   | 0.49%             | 2035-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                        | Bunge Ltd Finance Corp                                     | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3438161.08   | 0.31%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2025-DNA1                    | CUSIP: 35564NGA5<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |   3600000 | PA      | $3599985.96   | 0.33%             | 2045-01-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                    | Verus Securitization Trust 2023-6                          | CUSIP: 92539XAA2<br>LEI: 984500915DDB7T2ACA27 | Long             | ABS-MBS          | CORP              | US        |   4365749 | PA      | $4414605.15   | 0.40%             | 2068-09-25      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BWZA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2439113 | PA      | $2461495.60   | 0.22%             | 2051-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BMO 2022-C1 Mortgage Trust                    | BMO 2022-C1 Mortgage Trust                                 | CUSIP: 05609MCC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1851226.80   | 0.17%             | 2055-02-15      | Variable      | 3.37%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                        | Aviation Capital Group LLC                                 | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   2410000 | PA      | $2366846.56   | 0.21%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CNU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6442100 | PA      | $6442100.00   | 0.58%             | 2028-08-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                    | US Bancorp                                                 | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1026791.63   | 0.09%             | 2027-10-26      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31418BWG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7180717 | PA      | $6835086.39   | 0.62%             | 2035-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust                  | CD 2019-CD8 Mortgage Trust                                 | CUSIP: 12515BAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4623713.00   | 0.42%             | 2057-08-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140XK2J8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192123 | PA      | $191914.67    | 0.02%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                  | Hilton Grand Vacations Trust 2025-1                        | CUSIP: 43283CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2309787 | PA      | $2339303.48   | 0.21%             | 2042-05-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136A8CD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2771700 | PA      | $2950342.78   | 0.27%             | 2042-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                          | Parker-Hannifin Corp                                       | CUSIP: 701094AR5<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   4455000 | PA      | $4475531.05   | 0.41%             | 2027-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust             | World Omni Auto Receivables Trust 2022-D                   | CUSIP: 98163VAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18679 | PA      | $18755.38     | 0.00%             | 2028-02-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                         | Toronto-Dominion Bank/The                                  | CUSIP: 89115KAD2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   2655000 | PA      | $2689588.68   | 0.24%             | 2028-06-02      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4350000 | PA      | $4349830.09   | 0.39%             | 2027-08-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 2YR NOTE (CBT) DEC25                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      1347 | NC      | $127889.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Automobile Receivables Trust         | Westlake Automobile Receivables Trust 2025-1               | CUSIP: 96043VAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3063023.40   | 0.28%             | 2030-11-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                               | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   5000000 | PA      | $5042773.00   | 0.46%             | 2028-05-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust 2025-2       | CUSIP: 10807HAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1010787.80   | 0.09%             | 2031-03-17      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NYEH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4022379.44   | 0.36%             | 2030-05-01      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| F&G GLOBAL FUNDING                            | F&G Global Funding                                         | CUSIP: 30321L2K7<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2759735.88   | 0.25%             | 2028-09-08      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                          | FREMF 2018-K80 Mortgage Trust                              | CUSIP: 30307RAE7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $2955192.90   | 0.27%             | 2050-08-25      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC                           | Oportun Issuance Trust 2025-B                              | CUSIP: 68378QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4026296.80   | 0.36%             | 2033-05-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 31394DFL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1345616 | PA      | $1378924.44   | 0.12%             | 2035-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC             | Sierra Timeshare 2024-2 Receivables Funding LLC            | CUSIP: 82650DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2093885 | PA      | $2109487.44   | 0.19%             | 2041-06-20      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                        | Aviation Capital Group LLC                                 | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   3680000 | PA      | $3647464.57   | 0.33%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                           | NatWest Markets PLC                                        | CUSIP: 63906YAM0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5087640.40   | 0.46%             | 2028-03-21      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities      | Freddie Mac Structured Pass-Through Certificates           | CUSIP: 31394JY35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5442 | PA      | $5720.30      | 0.00%             | 2043-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 5YR NOTE (CBT) DEC25                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -999 | NC      | $-142289.82   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BRNG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4603015 | PA      | $4679386.18   | 0.42%             | 2044-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CNH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23655000 | PA      | $23810235.94  | 2.16%             | 2028-06-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2025-1        | CUSIP: 02528DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3528595.00   | 0.32%             | 2031-08-12      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140JBK88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3221151 | PA      | $3191517.42   | 0.29%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                           | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1541565.61   | 0.14%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US LONG BOND(CBT) DEC25                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -1 | NC      | $-2657.94     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN IMPERIAL BANK                        | Canadian Imperial Bank of Commerce                         | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5077548.15   | 0.46%             | 2029-03-30      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  73682300 | PA      | $74122666.69  | 6.72%             | 2027-02-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                           | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5059016.75   | 0.46%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                                | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5058533.45   | 0.46%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                       | CUSIP: 06051GKW8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5071980.35   | 0.46%             | 2028-07-22      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 31394UJ78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1248030 | PA      | $1305295.20   | 0.12%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited              | Bain Capital Credit CLO 2021-7 Ltd                         | CUSIP: 05682NAL7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2600000 | PA      | $2601024.40   | 0.24%             | 2035-01-22      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                | Enterprise Fleet Financing 2023-3 LLC                      | CUSIP: 29374LAB6<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |   2928845 | PA      | $2972809.14   | 0.27%             | 2030-03-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                      | Jackson National Life Global Funding                       | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   2785000 | PA      | $2816377.51   | 0.26%             | 2028-06-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                       | BPCE SA                                                    | CUSIP: 05578AAY4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1065000 | PA      | $1084790.26   | 0.10%             | 2028-01-18      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NXNT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4457000 | PA      | $4581717.38   | 0.42%             | 2030-02-01      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                  | UBS Group AG                                               | CUSIP: 225401BK3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2575000 | PA      | $2568900.42   | 0.23%             | 2029-12-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Bills                                        | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  29455000 | PA      | $28786647.49  | 2.61%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                        | Morgan Stanley Bank NA                                     | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $2028748.67   | 0.18%             | 2028-05-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140W12P7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3787489 | PA      | $3643068.42   | 0.33%             | 2032-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Fannie Mae Connecticut Avenue Securities                   | CUSIP: 20755CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1344600 | PA      | $1349399.49   | 0.12%             | 2043-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                          | Bank of America Corp                                       | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2792006.40   | 0.25%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Reference Remic                   | Freddie Mac Reference REMIC                                | CUSIP: 31396NRF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2924435 | PA      | $3056166.01   | 0.28%             | 2036-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust 2025-2                 | CUSIP: 30168JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4435000 | PA      | $4489269.32   | 0.41%             | 2031-07-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6145000 | PA      | $6182686.12   | 0.56%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                       | Hyundai Capital America                                    | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5340000 | PA      | $5415646.87   | 0.49%             | 2028-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137B4UW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1516577 | PA      | $1462805.89   | 0.13%             | 2033-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Canyon Capital CLO Ltd                        | Canyon CLO 2020-2 Ltd                                      | CUSIP: 13876NAW3<br>LEI: 2549001ZLWJBJYTM8I33 | Long             | ABS-CBDO         | CORP              | KY        |   1600000 | PA      | $1590956.80   | 0.14%             | 2034-10-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                   | BNP Paribas SA                                             | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5046565.90   | 0.46%             | 2029-05-09      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                           | CUSIP: 3132CXGC0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2792420 | PA      | $2893843.38   | 0.26%             | 2039-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust  | CUSIP: 00774MBJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5820000 | PA      | $5957133.34   | 0.54%             | 2029-01-19      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                             | Kinder Morgan Inc                                          | CUSIP: 49456BAZ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2199171.26   | 0.20%             | 2029-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                          | FREMF 2020-K737 Mortgage Trust                             | CUSIP: 30300SAU6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2315000 | PA      | $2276401.77   | 0.21%             | 2053-01-25      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                             | CUSIP: 61747YFH3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    694000 | PA      | $737628.98    | 0.07%             | 2029-11-01      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HJU47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2021585 | PA      | $2030256.42   | 0.18%             | 2051-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                      | New York Life Global Funding                               | CUSIP: 64953BBF4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   2580000 | PA      | $2616421.68   | 0.24%             | 2026-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HAHU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2827187 | PA      | $2859346.57   | 0.26%             | 2045-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                           | CUSIP: 3132CXVK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3674641 | PA      | $3549622.32   | 0.32%             | 2032-08-01      | Fixed         | 2.00%                 | 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        |  43331099 | NS      | $43331099.41  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Exeter Automobile Receivables Trust           | Exeter Automobile Receivables Trust                        | CUSIP: 30166XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1915000 | PA      | $1938744.85   | 0.18%             | 2030-02-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA                           | Fifth Third Bank NA                                        | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   2810000 | PA      | $2838368.13   | 0.26%             | 2028-01-28      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NU4D8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3483424 | PA      | $3543952.70   | 0.32%             | 2029-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136A1GU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2728398 | PA      | $2717188.95   | 0.25%             | 2031-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140XLL71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    625134 | PA      | $658751.04    | 0.06%             | 2042-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Huntington Auto Trust                         | Huntington Auto Trust 2024-1                               | CUSIP: 446144AE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10110589.00  | 0.92%             | 2029-01-16      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                  | Barclays PLC                                               | CUSIP: 06738EDD4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1685000 | PA      | $1687976.57   | 0.15%             | 2029-11-11      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                      | RTX Corp                                                   | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   5355000 | PA      | $5443337.15   | 0.49%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                           | PFS Financing Corp                                         | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8900000 | PA      | $9004817.08   | 0.82%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                    | US Bancorp                                                 | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    243000 | PA      | $243163.29    | 0.02%             | 2026-10-21      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Jamestown CLO Ltd                             | Jamestown CLO XVII Ltd                                     | CUSIP: 47048UAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3003054.00   | 0.27%             | 2035-01-25      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                             | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1715000 | PA      | $1770896.12   | 0.16%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                         | ARI Fleet Lease Trust 2024-B                               | CUSIP: 04033HAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3727380 | PA      | $3757092.87   | 0.34%             | 2033-04-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3138ESAD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2484778 | PA      | $2585260.91   | 0.23%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Connecticut Avenue Securities Series 2025-R01              | CUSIP: 20755JAC7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1570000 | PA      | $1572286.23   | 0.14%             | 2045-01-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6860000 | PA      | $6869646.88   | 0.62%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                      | Northwestern Mutual Global Funding                         | CUSIP: 66815L2U2<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    685000 | PA      | $702518.98    | 0.06%             | 2030-01-13      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                  | Drive Auto Receivables Trust 2024-2                        | CUSIP: 26207AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2300000 | PA      | $2309311.78   | 0.21%             | 2032-05-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| STREAM INNOVATIONS ISSUER TRUST               | Stream Innovations 2025-1 Issuer Trust                     | CUSIP: 86324XAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2813180 | PA      | $2839334.87   | 0.26%             | 2045-09-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust          | Porsche Innovative Lease Owner Trust 2024-1                | CUSIP: 73328AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3200000 | PA      | $3216340.48   | 0.29%             | 2027-11-22      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust | Bridgecrest Lending Auto Securitization Trust 2025-2       | CUSIP: 10807HAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2010692.80   | 0.18%             | 2029-08-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                              | Deutsche Bank AG/New York NY                               | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1440000 | PA      | $1540308.43   | 0.14%             | 2029-11-20      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 51 Ltd            | Octagon Investment Partners 51 Ltd                         | CUSIP: 675943AA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2300000 | PA      | $2302824.40   | 0.21%             | 2034-07-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137FES50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2214202 | PA      | $2180534.10   | 0.20%             | 2046-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BCD98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2036466 | PA      | $1983407.31   | 0.18%             | 2041-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                       | Goldman Sachs Group Inc/The                                | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2626628.43   | 0.24%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                       | BPCE SA                                                    | CUSIP: 05583JAC6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2745000 | PA      | $2698109.72   | 0.24%             | 2027-10-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 31395PWU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2214378 | PA      | $2294502.57   | 0.21%             | 2035-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust         | NextGear Floorplan Master Owner Trust                      | CUSIP: 65341KBY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11000000 | PA      | $11050164.40  | 1.00%             | 2029-03-15      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| FELLS POINT FUNDING TR                        | Fells Point Funding Trust                                  | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3065000 | PA      | $3015341.82   | 0.27%             | 2027-01-31      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NXTM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3400000 | PA      | $3535524.78   | 0.32%             | 2030-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31416YJD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    162975 | PA      | $161032.80    | 0.01%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust                    | GLS Auto Receivables Issuer Trust 2025-2                   | CUSIP: 37989BAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3792669.00   | 0.34%             | 2031-01-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CMN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  82155000 | PA      | $83319932.43  | 7.55%             | 2028-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                            | Energy Transfer LP                                         | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4720000 | PA      | $4858510.67   | 0.44%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                              | Fannie Mae Connecticut Avenue Securities                   | CUSIP: 20754TAD4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2640000 | PA      | $2645688.14   | 0.24%             | 2045-02-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31418D3N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2286131 | PA      | $2155571.05   | 0.20%             | 2036-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                         | Wells Fargo & Co                                           | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5116174.50   | 0.46%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                    | US Bancorp                                                 | CUSIP: 91159HJK7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    223000 | PA      | $225466.88    | 0.02%             | 2029-02-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Bridge Trust                                  | Bridge 2025-SFR1 Trust                                     | CUSIP: 10807GAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3900000 | PA      | $3749934.63   | 0.34%             | 2042-09-17      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NUUS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4816000 | PA      | $4928271.51   | 0.45%             | 2029-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                      | Volkswagen Group of America Finance LLC                    | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2305586.29   | 0.21%             | 2027-09-11      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                      | AerCap Ireland Capital DAC / AerCap Global Aviation Trust  | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1310000 | PA      | $1262437.16   | 0.11%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137BLGZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1801410 | PA      | $1730241.48   | 0.16%             | 2044-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 31397EC94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1298018 | PA      | $1343728.67   | 0.12%             | 2036-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust        | Santander Drive Auto Receivables Trust 2025-1              | CUSIP: 80288DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6550000 | PA      | $6647614.00   | 0.60%             | 2031-03-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust                                       | CUSIP: 92348KDT7<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5078592.50   | 0.46%             | 2031-01-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING                            | CNO Global Funding                                         | CUSIP: 18977W2H2<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   2745000 | PA      | $2746151.14   | 0.25%             | 2028-09-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                           | PFS Financing Corp                                         | CUSIP: 69335PFS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11500000 | PA      | $11510375.30  | 1.04%             | 2029-01-15      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                             | HSBC Holdings PLC                                          | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5089133.70   | 0.46%             | 2028-11-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31418EYB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1979207 | PA      | $2032957.82   | 0.18%             | 2043-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FannieMae Grantor Trust                       | Fannie Mae Grantor Trust 2001-T5                           | CUSIP: 31359SX96<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      5038 | PA      | $5199.85      | 0.00%             | 2041-06-19      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust        | Santander Drive Auto Receivables Trust 2025-2              | CUSIP: 80287NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2034897.20   | 0.18%             | 2031-05-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HL5H1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4784974 | PA      | $4801238.13   | 0.44%             | 2054-05-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                        | Mutual of Omaha Cos Global Funding                         | CUSIP: 62829D2G4<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3770440.76   | 0.34%             | 2028-06-09      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140J5EJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1925680 | PA      | $1857939.26   | 0.17%             | 2032-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association      | Government National Mortgage Association                   | CUSIP: 38381N2A5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2482225 | PA      | $2504132.70   | 0.23%             | 2052-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2025-DNA2                    | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |   2975000 | PA      | $2981215.97   | 0.27%             | 2045-05-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140XPMY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4728896 | PA      | $4886400.65   | 0.44%             | 2039-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 10YR NOTE (CBT)DEC25                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -225 | NC      | $-34942.62    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3138WG2Z6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7303808 | PA      | $6945742.29   | 0.63%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                  | Ford Credit Auto Owner Trust 2022-A                        | CUSIP: 345286AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4800000 | PA      | $4775436.48   | 0.43%             | 2027-07-15      | Fixed         | 1.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BQAW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5542970 | PA      | $5582217.64   | 0.51%             | 2036-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NYGE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3060000 | PA      | $3192856.14   | 0.29%             | 2030-05-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HLE40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3705823 | PA      | $3693169.89   | 0.33%             | 2052-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                   | Swedbank AB                                                | CUSIP: 87020PAY3<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   2055000 | PA      | $2126791.98   | 0.19%             | 2029-03-14      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                    | US Bancorp                                                 | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    650000 | PA      | $672047.06    | 0.06%             | 2030-01-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                           | Quanta Services Inc                                        | CUSIP: 74762EAM4<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   3415000 | PA      | $3431114.98   | 0.31%             | 2028-08-09      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NUXS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2319373 | PA      | $2401335.17   | 0.22%             | 2029-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3138EQDZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3385018 | PA      | $3425716.82   | 0.31%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                           | CUSIP: 3132CJDM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2419909 | PA      | $2444764.15   | 0.22%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BPL90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3007538 | PA      | $3053535.90   | 0.28%             | 2045-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust           | Toyota Auto Receivables 2024-A Owner Trust                 | CUSIP: 89238DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1207999.32   | 0.11%             | 2028-10-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust         | Westlake Automobile Receivables Trust 2024-3               | CUSIP: 96043CAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3525200.70   | 0.32%             | 2029-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                             | CUSIP: 61747YEX9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  12400000 | PA      | $12407893.84  | 1.12%             | 2026-10-16      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                    | US Bancorp                                                 | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1999983.55   | 0.18%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust           | New Residential Mortgage Loan Trust 2022-SFR1              | CUSIP: 64831KAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1949592.00   | 0.18%             | 2039-02-17      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                        | PNC Financial Services Group Inc/The                       | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2670000 | PA      | $2758701.75   | 0.25%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                | Air Lease Corp                                             | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    755000 | PA      | $751663.35    | 0.07%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1631575.22   | 0.15%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC                       | Virginia Power Fuel Securitization LLC                     | CUSIP: 92808VAA0<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |   7355088 | PA      | $7394262.60   | 0.67%             | 2027-05-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                | Carvana Auto Receivables Trust 2024-N3                     | CUSIP: 14687WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4860000 | PA      | $4869213.10   | 0.44%             | 2030-12-10      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HC7D8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4247588 | PA      | $4345303.21   | 0.39%             | 2035-01-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140W1W58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2595293 | PA      | $2687359.63   | 0.24%             | 2040-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                  | AGL CLO 17 Ltd                                             | CUSIP: 00120DAJ5<br>LEI: 254900ISUA07JPVCOS18 | Long             | ABS-CBDO         | CORP              | KY        |   2150000 | PA      | $2150464.40   | 0.19%             | 2035-01-21      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                      | Neuberger Berman Loan Advisers Clo 42 Ltd                  | CUSIP: 64133WAL9<br>LEI: 549300LGCRX4YI1JNS93 | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1150012.65   | 0.10%             | 2036-07-16      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140X4W69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    289100 | PA      | $289885.39    | 0.03%             | 2046-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                      | National Rural Utilities Cooperative Finance Corp          | CUSIP: 63743HFH0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   2045000 | PA      | $2045919.60   | 0.19%             | 2026-03-13      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140XQKL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4447013 | PA      | $4308838.67   | 0.39%             | 2035-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                          | Royal Bank of Canada                                       | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2710000 | PA      | $2731079.55   | 0.25%             | 2029-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HalseyPoint CLO Ltd.                          | Halseypoint Clo 5 Ltd                                      | CUSIP: 406371AA2<br>LEI: 549300VBED2CGY7JQG51 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4003224.00   | 0.36%             | 2035-01-30      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137BJZ48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1123013 | PA      | $1086634.52   | 0.10%             | 2044-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AEP TEXAS INC                                 | AEP Texas Inc                                              | CUSIP: 00108WAS9<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |   1645000 | PA      | $1706642.64   | 0.15%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                 | AIB Group PLC                                              | CUSIP: 00135TAD6<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |   4000000 | PA      | $4246151.76   | 0.38%             | 2029-09-13      | Fixed         | 6.61%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                   | Citibank NA                                                | CUSIP: 17325FBF4<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1323885.82   | 0.12%             | 2026-04-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                             | State Street Corp                                          | CUSIP: 857477CL5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2112016.13   | 0.19%             | 2027-03-18      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CNM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30340000 | PA      | $30536736.09  | 2.77%             | 2028-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3138LUG41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1323390 | PA      | $1299237.49   | 0.12%             | 2032-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                  | Drive Auto Receivables Trust 2025-1                        | CUSIP: 262102AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4281809.13   | 0.39%             | 2032-09-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31418FBP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10932463 | PA      | $11176450.85  | 1.01%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                 | Citigroup Inc                                              | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5034579.80   | 0.46%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Mariner Finance Issuance Trust                | Mariner Finance Issuance Trust 2025-A                      | CUSIP: 567920AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3538440.15   | 0.32%             | 2038-05-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                              | Deutsche Bank AG/New York NY                               | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    708000 | PA      | $743498.45    | 0.07%             | 2029-01-18      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association      | Government National Mortgage Association                   | CUSIP: 38384NTX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4364744 | PA      | $4387542.02   | 0.40%             | 2045-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                | Morgan Stanley                                             | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1854000 | PA      | $1932032.91   | 0.18%             | 2028-10-18      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                           | American Express Co                                        | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   5395000 | PA      | $5426830.01   | 0.49%             | 2029-07-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140J7RS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1651530 | PA      | $1718348.84   | 0.16%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust      | Ford Credit Floorplan Master Owner Trust A                 | CUSIP: 34528QJA3<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $9170207.10   | 0.83%             | 2029-04-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137BW5N0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1565509 | PA      | $1571249.03   | 0.14%             | 2044-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                          | Verizon Master Trust                                       | CUSIP: 92348KCQ4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5620494.00   | 0.51%             | 2030-04-22      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                      | Avolon Holdings Funding Ltd                                | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   1390000 | PA      | $1403954.84   | 0.13%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31418B3U8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9679782 | PA      | $9193480.69   | 0.83%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                           | Freddie Mac STACR REMIC Trust 2023-HQA3                    | CUSIP: 35564K3F4<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | USGSE             | US        |   2216245 | PA      | $2241375.41   | 0.20%             | 2043-11-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137FYEU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6709885 | PA      | $6299710.05   | 0.57%             | 2031-04-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                           | CUSIP: 31329KVC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10427452 | PA      | $9903206.23   | 0.90%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust  | American Credit Acceptance Receivables Trust 2025-3        | CUSIP: 02528EAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3016758.30   | 0.27%             | 2032-07-12      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                      | FirstEnergy Pennsylvania Electric Co                       | CUSIP: 591894CE8<br>LEI: O1PLQWO3TX952VMBJ146 | Long             | DBT              | CORP              | US        |   3465000 | PA      | $3543288.14   | 0.32%             | 2028-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BQMN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3748813 | PA      | $3794472.17   | 0.34%             | 2045-07-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management                           | CBAM 2020-13 Ltd                                           | CUSIP: 12511AAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7000000 | PA      | $7004921.00   | 0.63%             | 2034-01-20      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| United States Treasury                        | U.S. Treasury Notes                                        | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    442900 | PA      | $443695.84    | 0.04%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31418AAV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4080842 | PA      | $4010914.10   | 0.36%             | 2031-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                      | Lloyds Banking Group PLC                                   | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2027918.06   | 0.18%             | 2029-06-13      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                  | CaixaBank SA                                               | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   3520000 | PA      | $3544643.84   | 0.32%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                          | FREMF K-100 Mortgage Trust                                 | CUSIP: 30313PAS2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5000000 | PA      | $4787895.50   | 0.43%             | 2052-11-25      | Variable      | 3.61%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                   | Southern Co/The                                            | CUSIP: 842587DQ7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   4825000 | PA      | $4913171.91   | 0.45%             | 2028-06-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HKCW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4317000 | PA      | $4366944.14   | 0.40%             | 2036-02-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140XF5E7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    566478 | PA      | $566972.89    | 0.05%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac Pool                                           | CUSIP: 31329KUS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4190629 | PA      | $3987335.80   | 0.36%             | 2035-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust       | United Auto Credit Securitization Trust 2025-1             | CUSIP: 90945JAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1222000 | PA      | $1225446.65   | 0.11%             | 2028-02-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                   | Hertz Vehicle Financing III LLC                            | CUSIP: 42806MDB2<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3805916.25   | 0.34%             | 2029-12-26      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                        | Marvell Technology Inc                                     | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $521707.89    | 0.05%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137HM3E8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2647148 | PA      | $2668846.84   | 0.24%             | 2050-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                        | US 10YR ULTRA FUT DEC25                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -61 | NC      | $-47216.01    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                | Wheels Fleet Lease Funding 1 LLC                           | CUSIP: 96328GBZ9<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   4931763 | PA      | $4980359.76   | 0.45%             | 2039-09-19      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140NXKT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3607000 | PA      | $3714509.02   | 0.34%             | 2030-01-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                        | PNC Financial Services Group Inc/The                       | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2273200.59   | 0.21%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 31394NUA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    932504 | PA      | $949063.57    | 0.09%             | 2034-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                   | Freddie Mac REMICS                                         | CUSIP: 3137B6HC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4995886 | PA      | $4894233.23   | 0.44%             | 2033-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae REMICS                                          | CUSIP: 3136BUW55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3785284 | PA      | $3810113.47   | 0.35%             | 2051-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31418BVJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9192349 | PA      | $8738026.00   | 0.79%             | 2035-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3140J9FX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1567456 | PA      | $1633771.19   | 0.15%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                  | Broadcom Inc                                               | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4460000 | PA      | $4594182.89   | 0.42%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                   | Oracle Corp                                                | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2783920.24   | 0.25%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies              | Carlyle Global Market Strategies CLO 2014-2R Ltd           | CUSIP: 14314LAC9<br>LEI: 549300K65HYRGER5BW54 | Long             | ABS-CBDO         | CORP              | KY        |    348166 | PA      | $348260.72    | 0.03%             | 2031-05-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                        | Lendmark Funding Trust 2025-2                              | CUSIP: 52603GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3885000 | PA      | $3910768.43   | 0.35%             | 2034-10-20      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 31410LFB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    367379 | PA      | $367698.70    | 0.03%             | 2041-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                    | Fannie Mae Pool                                            | CUSIP: 3138EREA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2982760 | PA      | $2986872.44   | 0.27%             | 2046-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association      | Government National Mortgage Association                   | CUSIP: 38385BX88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3413478 | PA      | $3419247.53   | 0.31%             | 2040-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                          | FREMF 2018-K86 Mortgage Trust                              | CUSIP: 30308RAN6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4340000 | PA      | $4298728.34   | 0.39%             | 2051-11-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-27

**Name of Applicant:** LINCOLN VARIABLE INSURANCE PRODUCTS TRUST

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP