# EDGAR Filing Document

**Accession Number:** 0000898745
**File Stem:** 0001752724-25-150689
**Filing Date:** 2025-6
**Character Count:** 100688
**Document Hash:** d002e78a8a3126fd7d7b4eee11c55a20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-150689.hdr.sgml**: 20250623

**ACCESSION NUMBER**: 0001752724-25-150689

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250623

**DATE AS OF CHANGE**: 20250623

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000898745

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07572
- **FILM NUMBER:** 251063739

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-235-9328

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS, INC
- **DATE OF NAME CHANGE:** 20211220

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL FUNDS INC
- **DATE OF NAME CHANGE:** 20080616

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL INVESTORS FUND INC
- **DATE OF NAME CHANGE:** 20001012

## Series and Classes Contracts Data

### Inflation Protection Fund (Series ID: S000006997)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000019081 | R-3                 | PIFPX           |
| C000019082 | R-5                 | PBPPX           |
| C000019085 | Class J             | PIPJX           |
| C000019086 | Institutional Class | PIPIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Funds, Inc

- **b. Investment Company Act file number:** 811-07572

- **c. CIK number of Registrant:** 0000898745

- **d. LEI of Registrant:** 549300HZGBXSW6DSXF23

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

  - **Street Address 1:** 801 Grand Ave

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50309

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** Inflation Protection Fund

- **b. EDGAR series identifier (if any):** S000006997

- **c. LEI of Series:** 5493006ECFME6VCZ0U45

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $2447498738.79

**Total Liabilities:** $136415534.69

**Net Assets:** $2311083204.10

**Cash Not Reported:** $15184183.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 73838.99480000 | **1-Year:** 0.00000000 | **5-Year:** 3616.79610000 | **10-Year:** 22045.33140000 | **30-Year:** 20658.00050000

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

- **3-Month:** 0.00000000 | **1-Year:** 5.03270000 | **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 C000019086 | 2.10%                | 0.64%                | 0.00%                |
| Class ID C000019082 | 2.01%                | 0.79%                | 0.00%                |
| Class ID C000019081 | 2.08%                | 0.68%                | -0.14%               |
| Class ID C000019085 | 2.10%                | 0.68%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2915014.01             | $48447431.91                               |
| Month 2  | $418904.89               | $-3223312.78                               |
| Month 3  | $-2240287.20             | $-7508060.73                               |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810FD5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   23486303 | PA      | $25216131.74  | 1.09%             | 2028-04-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   30713000 | OU      | $32862.34     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| GWT 2024-WLF2                                                 | GWT 2024-WLF2                                                 | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1480000 | PA      | $1479537.50   | 0.06%             | 2041-05-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        140 | NC      | $144621.61    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-2473.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   26280504 | PA      | $15345520.98  | 0.66%             | 2050-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810UH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   14905088 | PA      | $14508912.40  | 0.63%             | 2055-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   89440560 | PA      | $89535612.91  | 3.87%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| NYMT Loan Trust 2024-INV1                                     | NYMT Loan Trust 2024-INV1                                     | CUSIP: 62956XAA9<br>LEI: 2549009GL7U73W4FX613 | Long             | ABS-MBS          | CORP              | US        |    2210331 | PA      | $2217517.58   | 0.10%             | 2069-06-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3805000 | OU      | $68285.95     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ELM Trust 2024-ELM                                            | ELM Trust 2024-ELM                                            | CUSIP: 26860XAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     680000 | PA      | $689467.10    | 0.03%             | 2039-06-10      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       1139 | NC      | $310952.11    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        501 | NC      | $379203.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3268000 | OU      | $-12003.94    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae REMIC Trust 2003-W16                               | Fannie Mae REMIC Trust 2003-W16                               | CUSIP: 31393T4M5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        282 | PA      | $277.67       | 0.00%             | 2033-11-25      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810TP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   30286827 | PA      | $24205181.31  | 1.05%             | 2053-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         19 | NC      | $-10573.19    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac REMICS                                            | Freddie Mac REMICS                                            | CUSIP: 3137HHLU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   15644389 | PA      | $15700893.02  | 0.68%             | 2054-12-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2022-7                             | Verus Securitization Trust 2022-7                             | CUSIP: 92539NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1538699 | PA      | $1544282.61   | 0.07%             | 2067-07-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     414000 | OU      | $679.82       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CML2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   63667708 | PA      | $64789051.92  | 2.80%             | 2035-01-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CEJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   50255992 | PA      | $49544471.89  | 2.14%             | 2027-04-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| United Kingdom Gilt                                           | United Kingdom Gilt                                           | CUSIP: N/A<br>LEI: ECTRVYYCEF89VWYS6K36       | Long             | DBT              | NUSS              | GB        |    6740427 | PA      | $7851974.04   | 0.34%             | 2054-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   30713000 | OU      | $-30964.97    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Progress Residential 2022-SFR7 Trust                          | Progress Residential 2022-SFR7 Trust                          | CUSIP: 74333CAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    3320000 | PA      | $3278102.93   | 0.14%             | 2039-10-27      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BAT7<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     400000 | PA      | $368035.20    | 0.02%             | 2033-05-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4279000 | OU      | $-12483.39    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BBC3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    2582000 | PA      | $2606996.81   | 0.11%             | 2037-05-13      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   10865000 | OU      | $189479.87    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $131098.24    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   57549722 | PA      | $55365015.14  | 2.40%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3135000 | OU      | $20492.61     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   75817629 | PA      | $69570261.24  | 3.01%             | 2031-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bond                             | Japan Government Thirty Year Bond                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  673750000 | PA      | $4378338.32   | 0.19%             | 2054-12-20      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   20328624 | PA      | $15481252.13  | 0.67%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CEZ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   86983723 | PA      | $80844471.03  | 3.50%             | 2032-07-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| CSMC 2022-NQM5 Trust                                          | CSMC 2022-NQM5 Trust                                          | CUSIP: 12663DAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2243526 | PA      | $2232134.91   | 0.10%             | 2067-05-25      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   16230000 | OU      | $245782.98    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    1527000 | PA      | $1247510.14   | 0.05%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMIC Trust 2004-W5                                | Fannie Mae REMIC Trust 2004-W5                                | CUSIP: 31393YKN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8636 | PA      | $8600.14      | 0.00%             | 2047-02-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   23570000 | OU      | $48331.97     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   12105000 | OU      | $52243.75     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-GPA3                        | BX Commercial Mortgage Trust 2024-GPA3                        | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     618891 | PA      | $616570.40    | 0.03%             | 2039-12-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 2166452830 | OU      | $3837.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4082000 | OU      | $21181.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cross 2024-H7 Mortgage Trust                                  | Cross 2024-H7 Mortgage Trust                                  | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1936370 | PA      | $1940741.66   | 0.08%             | 2069-11-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   17830000 | OU      | $112636.13    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   23570000 | OU      | $-28455.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   26667538 | PA      | $19943900.79  | 0.86%             | 2043-02-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Israel Government International Bond                          | Israel Government International Bond                          | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |     393000 | PA      | $353700.00    | 0.02%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        199 | NC      | $-190844.67   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $36443.66     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   11770000 | OU      | $51765.70     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6            | Principal Government Money Market Fund - Class R-6            | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   47716963 | NS      | $47716962.85  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810TY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   29578896 | PA      | $27262089.63  | 1.18%             | 2054-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  174760000 | OU      | $211530.88    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     290000 | OU      | $-7289.83     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810QF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   13738409 | PA      | $13652911.07  | 0.59%             | 2040-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ACRA Trust 2024-NQM1                                          | ACRA Trust 2024-NQM1                                          | CUSIP: 00112EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1020738 | PA      | $1022019.61   | 0.04%             | 2064-10-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| BHMS 2018-ATLS                                                | BHMS 2018-ATLS                                                | CUSIP: 05549GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     900000 | PA      | $899426.25    | 0.04%             | 2035-07-15      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     815000 | OU      | $-13472.57    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DBGS 2024-SBL                                                 | DBGS 2024-SBL                                                 | CUSIP: 23306QAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1545000 | PA      | $1538237.84   | 0.07%             | 2034-08-15      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2078000 | OU      | $11290.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   23870000 | OU      | $-116590.58   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   86266000 | OU      | $-754.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2750000 | OU      | $38842.35     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CGW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   60859426 | PA      | $61140464.38  | 2.65%             | 2028-04-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1604790 | OU      | $-23930.23    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     278000 | OU      | $375.61       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-107.91      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   11130000 | OU      | $-58851.48    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Verus Securitization Trust 2022-INV2                          | Verus Securitization Trust 2022-INV2                          | CUSIP: 924923AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     517892 | PA      | $518361.92    | 0.02%             | 2067-10-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust 2022-2                          | SG Residential Mortgage Trust 2022-2                          | CUSIP: 78434KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     562842 | PA      | $561464.30    | 0.02%             | 2062-08-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| HOMES 2025-AFC1 Trust                                         | HOMES 2025-AFC1 Trust                                         | CUSIP: 403969AC2<br>LEI: 2549006ZK3R8WZLA9S73 | Long             | ABS-MBS          | CORP              | US        |    1374087 | PA      | $1378010.44   | 0.06%             | 2060-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage Trust 2024-1                   | Deephaven Residential Mortgage Trust 2024-1                   | CUSIP: 24380QAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1090973 | PA      | $1094118.64   | 0.05%             | 2069-07-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe                      | Bundesrepublik Deutschland Bundesanleihe                      | CUSIP: N/A<br>LEI: 529900AQBND3S6YJLY83       | Long             | DBT              | NUSS              | DE        |    3392000 | PA      | $3549536.08   | 0.15%             | 2054-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  174760000 | OU      | $-1528.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $5440.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1493910 | OU      | $-9527.17     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     285000 | OU      | $-11023.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1800000 | OU      | $68877.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAHA Trust 2024-MAR                                           | BAHA Trust 2024-MAR                                           | CUSIP: 05493XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2130000 | PA      | $2198879.09   | 0.10%             | 2041-12-10      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Alternative Note Asset Trust Series 2007-A3     | Merrill Lynch Alternative Note Asset Trust Series 2007-A3     | CUSIP: 59024HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1222819 | PA      | $418693.65    | 0.02%             | 2037-04-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    6537000 | OU      | $-36296.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $86469.07     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   10080000 | OU      | $151610.80    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4085000 | OU      | $-9387.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   18885054 | PA      | $13986163.38  | 0.61%             | 2048-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Countrywide Asset-Backed Certificates                         | Countrywide Asset-Backed Certificates                         | CUSIP: 126671SL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       4458 | PA      | $4567.32      | 0.00%             | 2032-12-25      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-78115.05    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BFLD 2024-VICT Mortgage Trust                                 | BFLD 2024-VICT Mortgage Trust                                 | CUSIP: 05555VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     570000 | PA      | $569287.50    | 0.02%             | 2041-07-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-201056.52   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828Y38<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   54473019 | PA      | $54076227.66  | 2.34%             | 2028-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     401000 | OU      | $648.14       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4360179 | OU      | $-8152.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bond                             | Japan Government Thirty Year Bond                             | CUSIP: N/A<br>LEI: 353800WZS8AXZXFUC241       | Long             | DBT              | NUSS              | JP        |  221900000 | PA      | $1473823.86   | 0.06%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1000000 | OU      | $70027.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   45810325 | PA      | $45229999.95  | 1.96%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         59 | NC      | $2371.80      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CDX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   82520925 | PA      | $74496003.71  | 3.22%             | 2032-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F060659<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   55454000 | PA      | $56253157.58  | 2.43%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Impac CMB Trust Series 2004-5                                 | Impac CMB Trust Series 2004-5                                 | CUSIP: 45254NJQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       1501 | PA      | $1485.68      | 0.00%             | 2034-10-25      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1604790 | OU      | $-18121.86    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   86421188 | PA      | $85578398.72  | 3.70%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1325000 | OU      | $-33040.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   86266000 | OU      | $104417.05    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   26987272 | PA      | $14830612.22  | 0.64%             | 2051-02-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810SG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   14328739 | PA      | $10477051.16  | 0.45%             | 2049-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   39022636 | PA      | $32988575.42  | 1.43%             | 2044-02-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| COMM 2024-WCL1 MORTGAGE TRUST                                 | COMM 2024-WCL1 MORTGAGE TRUST                                 | CUSIP: 20047DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     840000 | PA      | $837364.75    | 0.04%             | 2041-06-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   26317834 | PA      | $19200273.99  | 0.83%             | 2047-02-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Progress Residential 2022-SFR6 Trust                          | Progress Residential 2022-SFR6 Trust                          | CUSIP: 74334DAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1990000 | PA      | $2020269.49   | 0.09%             | 2039-07-20      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810RL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   43135842 | PA      | $31694006.55  | 1.37%             | 2045-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Argent Securities Trust 2006-W3                               | Argent Securities Trust 2006-W3                               | CUSIP: 040104SQ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      22950 | PA      | $6969.99      | 0.00%             | 2036-04-25      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 5462038577 | OU      | $-122747.48   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 2231967335 | OU      | $-45685.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SG Residential Mortgage Trust 2021-1                          | SG Residential Mortgage Trust 2021-1                          | CUSIP: 784212AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2168075 | PA      | $1787688.56   | 0.08%             | 2061-07-25      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-5548.99     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DBSG 2024-ALTA Mortgage Trust                                 | DBSG 2024-ALTA Mortgage Trust                                 | CUSIP: 239918AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     330000 | PA      | $333504.44    | 0.01%             | 2037-06-10      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2025-2                               | Angel Oak Mortgage Trust 2025-2                               | CUSIP: 03466QAA1<br>LEI: 254900DKH168ZWJSMI96 | Long             | ABS-MBS          | CORP              | US        |    2245084 | PA      | $2251524.40   | 0.10%             | 2070-02-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| PRPM 2025-NQM1 Trust                                          | PRPM 2025-NQM1 Trust                                          | CUSIP: 74391EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2213537 | PA      | $2232176.13   | 0.10%             | 2069-11-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust 2024-NQM5                                  | A&D Mortgage Trust 2024-NQM5                                  | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |    2038074 | PA      | $2048943.98   | 0.09%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         81 | NC      | $-21479.39    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $25051.55     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAMLL Trust 2024-BHP                                          | BAMLL Trust 2024-BHP                                          | CUSIP: 05493WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1310000 | PA      | $1310417.10   | 0.06%             | 2039-08-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   81890576 | PA      | $79349296.78  | 3.43%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1      | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1      | CUSIP: 617932AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1340184 | PA      | $1348572.19   | 0.06%             | 2069-11-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-XL4                         | BX Commercial Mortgage Trust 2024-XL4                         | CUSIP: 05611VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     709567 | PA      | $708901.66    | 0.03%             | 2039-02-15      | Floating      | 7.46%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-35378.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Impac CMB Trust Series 2005-5                                 | Impac CMB Trust Series 2005-5                                 | CUSIP: 45254NPY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       4437 | PA      | $3616.86      | 0.00%             | 2035-08-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2023-DSC1                          | J.P. Morgan Mortgage Trust 2023-DSC1                          | CUSIP: 46656NAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     808826 | PA      | $785875.23    | 0.03%             | 2063-07-25      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    8165000 | OU      | $166020.15    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    5645000 | OU      | $-11969.76    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1735000 | OU      | $-46091.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CBF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   73299850 | PA      | $67752950.55  | 2.93%             | 2031-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CGK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   83097564 | PA      | $79182278.75  | 3.43%             | 2033-01-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     342000 | OU      | $-1206.43     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810QP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   21781590 | PA      | $21454373.39  | 0.93%             | 2041-02-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F052656<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   62879000 | PA      | $62743258.07  | 2.71%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Option One Mortgage Loan Trust 2005-1                         | Option One Mortgage Loan Trust 2005-1                         | CUSIP: 68389FGN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      23084 | PA      | $15467.21     | 0.00%             | 2035-02-25      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128282L3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   61405101 | PA      | $60989157.95  | 2.64%             | 2027-07-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810FH6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   32623241 | PA      | $35912892.80  | 1.55%             | 2029-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   12110000 | OU      | $74104.30     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   13800000 | OU      | $77483.10     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CCA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   46435737 | PA      | $46139596.95  | 2.00%             | 2026-04-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   27560314 | PA      | $28123280.08  | 1.22%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GCAT 2021-NQM4 Trust                                          | GCAT 2021-NQM4 Trust                                          | CUSIP: 36168HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2184149 | PA      | $1821100.30   | 0.08%             | 2066-08-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                       | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                       | CUSIP: 403956AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     745000 | PA      | $741740.63    | 0.03%             | 2037-05-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 9128285W6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   48800162 | PA      | $48221545.71  | 2.09%             | 2029-01-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2679.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810FQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   10598046 | PA      | $11806143.60  | 0.51%             | 2032-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810TE8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   31521325 | PA      | $17012015.60  | 0.74%             | 2052-02-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| HIH Trust 2024-61P                                            | HIH Trust 2024-61P                                            | CUSIP: 40444VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2475000 | PA      | $2468812.50   | 0.11%             | 2041-10-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   11130000 | OU      | $33014.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Options                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          1 | NC      | $-168154.86   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust 2023-NQM3                     | BRAVO Residential Funding Trust 2023-NQM3                     | CUSIP: 10568EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1470593 | PA      | $1462756.26   | 0.06%             | 2062-09-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-129649.88   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     980000 | OU      | $-35586.26    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810QV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   35332828 | PA      | $27595018.48  | 1.19%             | 2042-02-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         31 | NC      | $-107576.82   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3265500 | OU      | $11629.74     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-KING                        | BX Commercial Mortgage Trust 2024-KING                        | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1895052 | PA      | $1893867.59   | 0.08%             | 2034-05-15      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Trust Series 2007-A2                   | Chase Mortgage Finance Trust Series 2007-A2                   | CUSIP: 16163LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       3507 | PA      | $3488.16      | 0.00%             | 2035-06-25      | Variable      | 7.35%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust 2004-2                         | Long Beach Mortgage Loan Trust 2004-2                         | CUSIP: 542514FX7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      11084 | PA      | $11241.73     | 0.00%             | 2034-06-25      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CDC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   42440056 | PA      | $42208857.50  | 1.83%             | 2026-10-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   13840000 | OU      | $254742.25    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4974.70     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLT 2024-6 Mortgage Loan Trust                               | COLT 2024-6 Mortgage Loan Trust                               | CUSIP: 19688XAA4<br>LEI: 213800U2X2TO1PQH1O75 | Long             | ABS-MBS          | CORP              | US        |    1416230 | PA      | $1418818.36   | 0.06%             | 2069-11-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust 2022-SFR2                 | New Residential Mortgage Loan Trust 2022-SFR2                 | CUSIP: 64830RAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2035000 | PA      | $1976587.56   | 0.09%             | 2039-09-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         66 | NC      | $26676.87     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-253066.30   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4082000 | OU      | $20409.48     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CKL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   75776178 | PA      | $78238656.75  | 3.39%             | 2029-04-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3392000 | OU      | $-56510.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    5015000 | OU      | $88345.78     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        840 | NC      | $-941937.10   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    9500000 | OU      | $17321.62     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HONO 2021-LULU Mortgage Trust                                 | HONO 2021-LULU Mortgage Trust                                 | CUSIP: 40390MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     220000 | PA      | $217250.00    | 0.01%             | 2036-10-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust 2021-3                     | Ellington Financial Mortgage Trust 2021-3                     | CUSIP: 31573JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1845281 | PA      | $1530287.03   | 0.07%             | 2066-09-25      | Variable      | 1.24%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-556.31      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PRKCM 2022-AFC2 Trust                                         | PRKCM 2022-AFC2 Trust                                         | CUSIP: 69377TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     410835 | PA      | $409501.86    | 0.02%             | 2057-08-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 5060093146 | OU      | $-110902.84   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| European Union                                                | European Union                                                | CUSIP: N/A<br>LEI: 529900FZRK8FGMPEOM08       | Long             | DBT              | NUSS              | XX        |    1175000 | PA      | $1056228.80   | 0.05%             | 2052-10-04      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                              | United States Treasury Note/Bond                              | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5540000 | PA      | $4123188.27   | 0.18%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     110000 | OU      | $310.25       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bond                          | Mexico Government International Bond                          | CUSIP: 91087BAV2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    5315000 | PA      | $5276561.92   | 0.23%             | 2035-02-09      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    6620000 | OU      | $34393.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    1550000 | OU      | $72900.43     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |  131713000 | OU      | $118973.85    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-937060.82   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Options                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |          1 | NC      | $659338.12    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $101.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828Z37<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   59238153 | PA      | $55927801.20  | 2.42%             | 2030-01-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| Kingdom of Belgium Government Bond                            | Kingdom of Belgium Government Bond                            | CUSIP: N/A<br>LEI: 549300SZ25JZFHRHWD76       | Long             | DBT              | NUSS              | BE        |    3431660 | PA      | $3555910.10   | 0.15%             | 2054-06-22      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Brazil Notas do Tesouro Nacional Serie F                      | Brazil Notas do Tesouro Nacional Serie F                      | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |    8500000 | PA      | $1350266.97   | 0.06%             | 2029-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CFR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   69115330 | PA      | $70528565.46  | 3.05%             | 2027-10-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   43133000 | OU      | $-377.13      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMSR 2022-SFR3 Trust                                          | AMSR 2022-SFR3 Trust                                          | CUSIP: 66981YAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    2091000 | PA      | $2029182.30   | 0.09%             | 2039-10-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   12110000 | OU      | $-34227.87    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   19000000 | OU      | $103904.38    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $10745.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Impac CMB Trust Series 2005-1                                 | Impac CMB Trust Series 2005-1                                 | CUSIP: 45254NMM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      18107 | PA      | $17075.95     | 0.00%             | 2035-04-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| AMSR 2023-SFR2 Trust                                          | AMSR 2023-SFR2 Trust                                          | CUSIP: 00178YAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     750000 | PA      | $718225.13    | 0.03%             | 2040-06-17      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Ginnie Mae                                                    | Ginnie Mae                                                    | CUSIP: 38373MYV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | CORP              | US        |      64182 | PA      | $325.67       | 0.00%             | 2047-03-16      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   46595000 | OU      | $443225.20    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $19.29        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONE Trust 2024-DFW1                                          | CONE Trust 2024-DFW1                                          | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     320000 | PA      | $318398.56    | 0.01%             | 2041-08-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3268000 | OU      | $-11844.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    8171000 | OU      | $-32880.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust 2024-IND                       | ARES Commercial Mortgage Trust 2024-IND                       | CUSIP: 03990DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2145000 | PA      | $2145000.00   | 0.09%             | 2041-07-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $2285.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    6537000 | OU      | $-24808.73    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       | 2141418264 | OU      | $4088.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Cross 2025-H1 Mortgage Trust                                  | Cross 2025-H1 Mortgage Trust                                  | CUSIP: 22758NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    2556029 | PA      | $2570004.94   | 0.11%             | 2070-02-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-AIRC                        | BX Commercial Mortgage Trust 2024-AIRC                        | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     728040 | PA      | $728039.65    | 0.03%             | 2039-08-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Brazil Notas do Tesouro Nacional Serie F                      | Brazil Notas do Tesouro Nacional Serie F                      | CUSIP: N/A<br>LEI: 254900ZFY40OYEADAP90       | Long             | DBT              | NUSS              | BR        |   19532000 | PA      | $2740458.53   | 0.12%             | 2035-01-01      | Fixed         | 9.76%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    4085000 | OU      | $-9283.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    8171000 | OU      | $-18051.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    2750000 | OU      | $-40940.56    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Tricon Residential 2024-SFR2 Trust                            | Tricon Residential 2024-SFR2 Trust                            | CUSIP: 89616VAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1805000 | PA      | $1812412.23   | 0.08%             | 2040-06-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3265500 | OU      | $12421.46     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSMC 2022-NQM4 Trust                                          | CSMC 2022-NQM4 Trust                                          | CUSIP: 12665EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1183338 | PA      | $1176888.38   | 0.05%             | 2067-06-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust 2006-OA6                               | Alternative Loan Trust 2006-OA6                               | CUSIP: 12668BE74<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       2076 | PA      | $2075.66      | 0.00%             | 2046-07-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828S50<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   63478228 | PA      | $63303088.62  | 2.74%             | 2026-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-3320.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| European Union                                                | European Union                                                | CUSIP: N/A<br>LEI: 529900FZRK8FGMPEOM08       | Long             | DBT              | NUSS              | XX        |   12743785 | PA      | $12676509.57  | 0.55%             | 2053-03-04      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CJH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   67666871 | PA      | $70704558.90  | 3.06%             | 2028-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust | WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust | CUSIP: 92922FD39<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       8724 | PA      | $8540.14      | 0.00%             | 2045-01-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   73581654 | PA      | $69091870.48  | 2.99%             | 2030-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   25329857 | PA      | $26519069.94  | 1.15%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     277000 | OU      | $-16173.82    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Impac CMB Trust Series 2004-6                                 | Impac CMB Trust Series 2004-6                                 | CUSIP: 45254NKE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |        806 | PA      | $799.55       | 0.00%             | 2034-10-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaps                                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |    3100000 | OU      | $134960.17    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ELM Trust 2024-ELM                                            | ELM Trust 2024-ELM                                            | CUSIP: 26860XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     680000 | PA      | $683909.73    | 0.03%             | 2039-06-10      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $-4710.14     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Interest Rate Swaptions                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |   43133000 | OU      | $52208.52     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Futures                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         70 | NC      | $-60156.10    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-MDHS                        | BX Commercial Mortgage Trust 2024-MDHS                        | CUSIP: 12433BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1258723 | PA      | $1257936.55   | 0.05%             | 2041-05-15      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                                     | Fannie Mae or Freddie Mac                                     | CUSIP: 01F050650<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |   12703000 | PA      | $12433902.44  | 0.54%             | 2055-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Inflation Indexed Bonds                | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CLV1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   92091753 | PA      | $93599473.63  | 4.05%             | 2029-10-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| N/A                                                           | FX Forwards                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | N/A       |          1 | NC      | $4369.36      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                           | Credit Default Swaps                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | N/A       |   36746500 | OU      | $1272496.73   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp Trust 2021-DM                     | GS Mortgage Securities Corp Trust 2021-DM                     | CUSIP: 36265AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1250000 | PA      | $1233639.63   | 0.05%             | 2036-11-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| LBA Trust 2024-BOLT                                           | LBA Trust 2024-BOLT                                           | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1270000 | PA      | $1270000.00   | 0.05%             | 2039-06-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BX Trust 2024-VLT4                                            | BX Trust 2024-VLT4                                            | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1702000 | PA      | $1689230.57   | 0.07%             | 2029-07-15      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-29

**Name of Applicant:** Principal Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Controller