# EDGAR Filing Document

**Accession Number:** 0000816153
**File Stem:** 0001410368-25-029190
**Filing Date:** 2025-11
**Character Count:** 79480
**Document Hash:** e7e721fce37058d13c010688b3482809
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-029190.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001410368-25-029190

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000816153

**ORGANIZATION NAME:**
- **EIN:** 061158764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05201
- **FILM NUMBER:** 251510266

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THORNBURG INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIMITED TERM TRUST
- **DATE OF NAME CHANGE:** 19870816

## Series and Classes Contracts Data

### Thornburg Capital Management Fund (Series ID: S000051223)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000161463 | Thornburg Capital Management Fund - Class I |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** THORNBURG INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-05201

- **c. CIK number of Registrant:** 0000816153

- **d. LEI of Registrant:** 5493001XM52H8S4WYY82

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

  - **Street Address 1:** 2300 NORTH RIDGETOP ROAD

  - **City:** SANTA FE

  - **State:** NM

  - **Foreign country:** US

  - **Zip / Postal Code:** 87506-8361

  - **Telephone number:** 505-984-0200

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

- **a. Name of Series:** Thornburg Capital Management Fund

- **b. EDGAR series identifier (if any):** S000051223

- **c. LEI of Series:** 549300GLR0WG6ALV5277

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3658086218.68

**Total Liabilities:** $217544260.13

**Net Assets:** $3440541958.55

**Currency Risk Metrics (dv01):**

- 

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

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

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161463 | 0.39%                | 0.39%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1484.03                | $0.00                                      |
| Month 2  | $6472.78                 | $0.00                                      |
| Month 3  | $13846.93                | $0.00                                      |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHEVRON PHILLIPS CHEM CO                              | Chevron Phillips Chemical Co LLC                      | CUSIP: 16677AXM2<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24940972.22  | 0.72%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EVERGY INC                                            | Evergy Inc                                            | CUSIP: 30036AX72<br>LEI: 549300PGTHDQY6PSUI61 | Long             | STIV             | CORP              | US        |  75000000 | PA      | $74946750.00  | 2.18%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXG8<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2994662.50   | 0.09%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                                          | AutoZone Inc                                          | CUSIP: 05333TX73<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | STIV             | CORP              | US        |  11600000 | PA      | $11592015.34  | 0.34%             | 2025-10-07      | Variable      | 4.13%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                  | BAT International Finance PLC                         | CUSIP: 05531MXM5<br>LEI: 21380041YBGOQDFAC823 | Long             | STIV             | CORP              | US        |   1731000 | PA      | $1726691.73   | 0.05%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEDTRONIC GLOB HLDS SCA                               | Medtronic Global Holdings SCA                         | CUSIP: 58507AX24<br>LEI: 549300JXMTTP8GKYIX14 | Long             | STIV             | CORP              | US        |  39500000 | PA      | $39495391.67  | 1.15%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE (USA) INC                               | Amcor Finance USA Inc                                 | CUSIP: 0234D4X72<br>LEI: 549300ZMT7FVT8R77U18 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999258.33    | 0.03%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN TRANSMISSION CO                              | American Transmission Co LLC                          | CUSIP: 03028TXW3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49826402.78  | 1.45%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                              | Intercontinental Exchange Inc                         | CUSIP: 45856WXF1<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19967333.34  | 0.58%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                | Mondelez International Inc                            | CUSIP: 60920VXH0<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249535.56    | 0.01%             | 2025-10-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                | Mitsubishi HC Finance America LLC                     | CUSIP: 60678PX20<br>LEI: 3538008O2MCHLB9FAL82 | Long             | STIV             | CORP              | US        |  12050000 | PA      | $12048517.18  | 0.35%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                                 | Southern California Gas Co                            | CUSIP: 84243LX17<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $50000000.00  | 1.45%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAN PACIFIC RAILWAY                                   | Canadian Pacific Railway Co                           | CUSIP: 13645WX99<br>LEI: 54930036474DURYNB481 | Long             | STIV             | CORP              | US        |  13000000 | PA      | $12987635.55  | 0.38%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                            | Fiserv Inc                                            | CUSIP: 33774KX96<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4995300.00   | 0.15%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                  | BAT International Finance PLC                         | CUSIP: 05531MX37<br>LEI: 21380041YBGOQDFAC823 | Long             | STIV             | CORP              | US        |  44000000 | PA      | $43989464.44  | 1.28%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                       | Xcel Energy Inc                                       | CUSIP: 9838T2XE3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | STIV             | CORP              | US        |  33000000 | PA      | $32948758.33  | 0.96%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                           | Oracle Corp                                           | CUSIP: 6840C2YD1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |  75000000 | PA      | $74613000.00  | 2.17%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                       | AstraZeneca PLC                                       | CUSIP: 04635PXQ7<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | STIV             | CORP              | GB        |    250000 | PA      | $249337.15    | 0.01%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXP8<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3989586.66   | 0.12%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXU7<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |    920000 | PA      | $917067.50    | 0.03%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                              | Chevron Phillips Chemical Co LLC                      | CUSIP: 16677AXU4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   3500000 | PA      | $3488791.25   | 0.10%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                          | AutoZone Inc                                          | CUSIP: 05333TX32<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4998841.67   | 0.15%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXA1<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998900.00    | 0.03%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                | Marriott International Inc/MD                         | CUSIP: 57163TXP9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | STIV             | CORP              | US        |  40000000 | PA      | $39896111.11  | 1.16%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                               | Penske Truck Leasing Co LP                            | CUSIP: 70962AY59<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |  18000000 | PA      | $17926325.00  | 0.52%             | 2025-11-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                  | Keurig Dr Pepper Inc                                  | CUSIP: 49271JX77<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49964416.67  | 1.45%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                | American Honda Finance Corp                           | CUSIP: 02665JYM6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14909262.49  | 0.43%             | 2025-11-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXW3<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $996576.39    | 0.03%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                           | Oracle Corp                                           | CUSIP: 6840C2YD1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4974140.28   | 0.14%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                | U.S. Treasury Notes                                   | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24999088.59  | 0.73%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RESOU                              | CenterPoint Energy Resources Corp                     | CUSIP: 15200KX30<br>LEI: 2JADVB0458J06WCD4N56 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49988416.67  | 1.45%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp                     | CenterPoint Energy Resources Corp                     | CUSIP: 15200KX63<br>LEI: 2JADVB0458J06WCD4N56 | Long             | STIV             | CORP              | US        |  29000000 | PA      | $28983284.72  | 0.84%             | 2025-10-06      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                               | Penske Truck Leasing Co LP                            | CUSIP: 70962AXG6<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9982083.33   | 0.29%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO 2                               | Cintas Corp No 2                                      | CUSIP: 1725E2XA4<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |   6800000 | PA      | $6792894.00   | 0.20%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                     | Eversource Energy                                     | CUSIP: 30040XXE1<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6988751.39   | 0.20%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                | U.S. Treasury Bills                                   | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  12000000 | PA      | $11970444.84  | 0.35%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                              | Alimentation Couche-Tard Inc                          | CUSIP: 01626UX83<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |  25000000 | PA      | $24979486.11  | 0.73%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                | Mitsubishi HC Finance America LLC                     | CUSIP: 60678PXE4<br>LEI: 3538008O2MCHLB9FAL82 | Long             | STIV             | CORP              | US        |  10380000 | PA      | $10363507.33  | 0.30%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                              | Alimentation Couche-Tard Inc                          | CUSIP: 01626UX91<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |   2000000 | PA      | $1998111.11   | 0.06%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                      | Ryder System Inc                                      | CUSIP: 78355AXL3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6984298.61   | 0.20%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORPORATION                               | Duke Energy Corp                                      | CUSIP: 26244HX99<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |   2965000 | PA      | $2962061.36   | 0.09%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                           | ONE Gas Inc                                           | CUSIP: 68236AX88<br>LEI: 549300HXDWI0LATTX840 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999171.66    | 0.03%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS                              | NextEra Energy Capital Holdings Inc                   | CUSIP: 65339MXT8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4984652.78   | 0.14%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                          | Entergy Corp                                          | CUSIP: 29366EZA7<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |    450000 | PA      | $446325.00    | 0.01%             | 2025-12-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Institutional Treasury Money Market Fund | State Street Institutional Treasury Money Market Fund | CUSIP: 857492888<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | EC               | RF                | US        |     91447 | NS      | $91446.89     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HONDA FINANCE                                | American Honda Finance Corp                           | CUSIP: 02665JYD6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |    250000 | PA      | $248715.97    | 0.01%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                               | Penske Truck Leasing Co LP                            | CUSIP: 70962AX92<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |  22500000 | PA      | $22478100.00  | 0.65%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cintas Corp No 2                                      | Cintas Corp No 2                                      | CUSIP: 1725E2X22<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |  75000000 | PA      | $74991333.34  | 2.18%             | 2025-10-02      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Western Union Co/The                                  | Western Union Co/The                                  | CUSIP: 95980GX29<br>LEI: 28ID94QU1140NC23S047 | Long             | STIV             | CORP              | US        |  85000000 | PA      | $84990012.50  | 2.47%             | 2025-10-02      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                | Sempra                                                | CUSIP: 81686MX23<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | STIV             | CORP              | US        |  44000000 | PA      | $43994891.11  | 1.28%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXQ6<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |  18000000 | PA      | $17950665.00  | 0.52%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP                            | Penske Truck Leasing Co LP                            | CUSIP: 70962AX27<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499936.39    | 0.01%             | 2025-10-02      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                          | Avangrid Inc                                          | CUSIP: 05353AX61<br>LEI: 549300OX0Q38NLSKPB49 | Long             | STIV             | CORP              | US        |  21000000 | PA      | $20987750.00  | 0.61%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UX60<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |    345000 | PA      | $344789.17    | 0.01%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                | U.S. Treasury Bills                                   | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   9335000 | PA      | $9304694.96   | 0.27%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES IN                              | L3Harris Technologies Inc                             | CUSIP: 50248BX31<br>LEI: 549300UTE50ZMDBG8A20 | Long             | STIV             | CORP              | US        |   8500000 | PA      | $8497983.61   | 0.25%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                              | Chevron Phillips Chemical Co LLC                      | CUSIP: 16677AXN0<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24937729.17  | 0.72%             | 2025-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP                            | Penske Truck Leasing Co LP                            | CUSIP: 70962AX27<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249967.99    | 0.01%             | 2025-10-02      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                              | Alimentation Couche-Tard Inc                          | CUSIP: 01626UX91<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |   2000000 | PA      | $1998106.66   | 0.06%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & COMPANY INC                               | McCormick & Co Inc/MD                                 | CUSIP: 57978CXN6<br>LEI: 549300JQQA6MQ4OJP259 | Long             | STIV             | CORP              | US        |  13775000 | PA      | $13741010.19  | 0.40%             | 2025-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                | American Honda Finance Corp                           | CUSIP: 02665JYJ3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1988666.67   | 0.06%             | 2025-11-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bell Telephone Co of Canada or Bell Canada/The        | Bell Telephone Co of Canada or Bell Canada/The        | CUSIP: 07787PXQ6<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | STIV             | CORP              | US        |  22000000 | PA      | $21939842.22  | 0.64%             | 2025-10-24      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| EXPERIAN FINANCE PLC                                  | Experian Finance PLC                                  | CUSIP: 30217HX78<br>LEI: 635400RKRK5EGXSPC782 | Long             | STIV             | CORP              | GB        |   6700000 | PA      | $6695254.17   | 0.19%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP                            | Penske Truck Leasing Co LP                            | CUSIP: 70962AXT8<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4984833.33   | 0.14%             | 2025-10-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| OGLETHORPE POWER CORP                                 | Oglethorpe Power Corp                                 | CUSIP: 67705AXH2<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | STIV             | CORP              | US        |  23838000 | PA      | $23792019.15  | 0.69%             | 2025-10-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Co                             | Arizona Public Service Co                             | CUSIP: 04056AX15<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $25000000.00  | 0.73%             | 2025-10-01      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                           | ONE Gas Inc                                           | CUSIP: 68236AX70<br>LEI: 549300HXDWI0LATTX840 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998583.33   | 0.06%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                  | BAT International Finance PLC                         | CUSIP: 05531MX60<br>LEI: 21380041YBGOQDFAC823 | Long             | STIV             | CORP              | US        |  13000000 | PA      | $12992218.06  | 0.38%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Delmarva Power & Light Co                             | Delmarva Power & Light Co                             | CUSIP: 24710RX14<br>LEI: NJ98T8DDD027ZFXUDB24 | Long             | STIV             | CORP              | US        |    391000 | PA      | $391000.00    | 0.01%             | 2025-10-01      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| Spire Inc                                             | Spire Inc                                             | CUSIP: 84858MY44<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |  18500000 | PA      | $18425743.06  | 0.54%             | 2025-11-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXF0<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7487166.67   | 0.22%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                | Marriott International Inc/MD                         | CUSIP: 57163TXT1<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | STIV             | CORP              | US        |  28487000 | PA      | $28399972.22  | 0.83%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AON CORP                                              | Aon Corp                                              | CUSIP: 03739NXT3<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | STIV             | CORP              | US        |  54000000 | PA      | $53834250.00  | 1.56%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NARRAGANSETT ELECTRIC                                 | Narragansett Electric Co/The                          | CUSIP: 63101AX99<br>LEI: VAI0KZ806W8MCH0BCZ61 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999064.44    | 0.03%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UX11<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |    700000 | PA      | $700000.00    | 0.02%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXV5<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $996671.11    | 0.03%             | 2025-10-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                     | Eversource Energy                                     | CUSIP: 30040XX84<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999128.89    | 0.03%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE (USA) INC                               | Amcor Finance USA Inc                                 | CUSIP: 0234D4X64<br>LEI: 549300ZMT7FVT8R77U18 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6995654.17   | 0.20%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                              | Alimentation Couche-Tard Inc                          | CUSIP: 01626UX67<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |  51100000 | PA      | $51069836.80  | 1.48%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                | U.S. Treasury Bills                                   | CUSIP: 912797RD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24943562.50  | 0.72%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NA INC                                | Amcor Flexibles North America Inc                     | CUSIP: 02343BXV4<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3986777.78   | 0.12%             | 2025-10-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                  | Keurig Dr Pepper Inc                                  | CUSIP: 49271JX93<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4995255.55   | 0.15%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                  | Keurig Dr Pepper Inc                                  | CUSIP: 49271JX85<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |  16000000 | PA      | $15986715.55  | 0.46%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                   | Sherwin-Williams Co/The                               | CUSIP: 82434TXL9<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | STIV             | CORP              | US        |  12000000 | PA      | $11973210.00  | 0.35%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                              | Intercontinental Exchange Inc                         | CUSIP: 45856WXE4<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $5990943.34   | 0.17%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORPORATION                               | Duke Energy Corp                                      | CUSIP: 26244HXE8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |  11000000 | PA      | $10983276.94  | 0.32%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                            | Fiserv Inc                                            | CUSIP: 33774KXA3<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14984137.50  | 0.44%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                  | Keurig Dr Pepper Inc                                  | CUSIP: 49271JX10<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |   2309000 | PA      | $2309000.00   | 0.07%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                           | ONE Gas Inc                                           | CUSIP: 68236AX13<br>LEI: 549300HXDWI0LATTX840 | Long             | STIV             | CORP              | US        |   9000000 | PA      | $9000000.00   | 0.26%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                           | Bell Telephone Co of Canada or Bell Canada/The        | CUSIP: 07787PX29<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | STIV             | CORP              | CA        |  16000000 | PA      | $15997995.56  | 0.46%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAN PACIFIC RAILWAY                                   | Canadian Pacific Railway Co                           | CUSIP: 13645WXM0<br>LEI: 54930036474DURYNB481 | Long             | STIV             | CORP              | US        |   4593000 | PA      | $4582027.84   | 0.13%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp                                 | Oglethorpe Power Corp                                 | CUSIP: 67705AX33<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249940.97    | 0.01%             | 2025-10-03      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| EXELON CORPORATION                                    | Exelon Corp                                           | CUSIP: 3016A2X69<br>LEI: 3SOUA6IRML7435B56G12 | Long             | STIV             | CORP              | US        |  77000000 | PA      | $76954655.56  | 2.24%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                              | Agree LP                                              | CUSIP: 00852WX94<br>LEI: 549300DXY3G299V1BO77 | Long             | STIV             |  | US        |  83000000 | PA      | $82921426.64  | 2.41%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO 2                               | Cintas Corp No 2                                      | CUSIP: 1725E2X89<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998374.45   | 0.06%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                              | Chevron Phillips Chemical Co LLC                      | CUSIP: 16677AX83<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  13000000 | PA      | $12989332.78  | 0.38%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                          | Avangrid Inc                                          | CUSIP: 05353AX20<br>LEI: 549300OX0Q38NLSKPB49 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999875.83    | 0.03%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE                                 | Electricite de France SA                              | CUSIP: 28504GXM3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | STIV             | CORP              | FR        |    250000 | PA      | $249388.89    | 0.01%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bell Telephone Co of Canada or Bell Canada/The        | Bell Telephone Co of Canada or Bell Canada/The        | CUSIP: 07787PXQ6<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249317.98    | 0.01%             | 2025-10-24      | Variable      | 4.27%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Gas Co                              | Northern Illinois Gas Co                              | CUSIP: 66522TX84<br>LEI: 549300H5GUKWH3CAB355 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19983744.44  | 0.58%             | 2025-10-08      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXQ6<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |    260000 | PA      | $259299.01    | 0.01%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                              | Agree LP                                              | CUSIP: 00852WXF0<br>LEI: 549300DXY3G299V1BO77 | Long             | STIV             |  | US        |   4000000 | PA      | $3993373.34   | 0.12%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE                                 | Electricite de France SA                              | CUSIP: 28504GXL5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | STIV             | CORP              | FR        |  82000000 | PA      | $81816935.00  | 2.38%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NA INC                                | Amcor Flexibles North America Inc                     | CUSIP: 02343BXW2<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24913604.17  | 0.72%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Rockwell Automation Inc                               | Rockwell Automation Inc                               | CUSIP: 7743E2XA1<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | STIV             | CORP              | US        |  40000000 | PA      | $39958400.00  | 1.16%             | 2025-10-10      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                   | NextEra Energy Capital Holdings Inc                   | CUSIP: 65339MXM3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249412.50    | 0.01%             | 2025-10-21      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXQ6<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |    370000 | PA      | $368992.98    | 0.01%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                      | Ryder System Inc                                      | CUSIP: 78355AX17<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | STIV             | CORP              | US        |  72000000 | PA      | $72000000.00  | 2.09%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                               | Penske Truck Leasing Co LP                            | CUSIP: 70962AX76<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4996458.33   | 0.15%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE (USA) INC                               | Amcor Finance USA Inc                                 | CUSIP: 0234D4X64<br>LEI: 549300ZMT7FVT8R77U18 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999377.78    | 0.03%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS                              | NextEra Energy Capital Holdings Inc                   | CUSIP: 65339MXL5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49888111.11  | 1.45%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                | American Honda Finance Corp                           | CUSIP: 02665JYD6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |   1112000 | PA      | $1106328.49   | 0.03%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                          | Entergy Corp                                          | CUSIP: 29366EYH3<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49722569.44  | 1.45%             | 2025-11-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                | Mitsubishi HC Finance America LLC                     | CUSIP: 60678PX79<br>LEI: 3538008O2MCHLB9FAL82 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4996341.67   | 0.15%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & COMPANY INC                               | McCormick & Co Inc/MD                                 | CUSIP: 57978CXL0<br>LEI: 549300JQQA6MQ4OJP259 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3991070.00   | 0.12%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                  | Keurig Dr Pepper Inc                                  | CUSIP: 49271JXF9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |   1100000 | PA      | $1098160.56   | 0.03%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                                 | Evergy Kansas Central Inc                             | CUSIP: 30035MX10<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | STIV             | CORP              | US        |  21000000 | PA      | $21000000.00  | 0.61%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK                                      | BANK OF NEW YORK                                      | CUSIP: 000000000<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | STIV             | CORP              | US        |  75000000 | PA      | $75000000.00  | 2.18%             | 2025-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                                  | WEC Energy Group Inc                                  | CUSIP: 92930VX65<br>LEI: 549300IGLYTZUK3PVP70 | Long             | STIV             | CORP              | US        |  49000000 | PA      | $48971348.61  | 1.42%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC                              | Thermo Fisher Scientific Inc                          | CUSIP: 88355LXT1<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | STIV             | CORP              | US        |  40000000 | PA      | $39878666.66  | 1.16%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                | U.S. Treasury Bills                                   | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24957812.50  | 0.73%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                               | Penske Truck Leasing Co LP                            | CUSIP: 70962AXE1<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3993471.11   | 0.12%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXU7<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |    870000 | PA      | $867239.93    | 0.03%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXN3<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3989780.00   | 0.12%             | 2025-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                     | Eversource Energy                                     | CUSIP: 30040XX92<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998035.56   | 0.06%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RESOU                              | CenterPoint Energy Resources Corp                     | CUSIP: 15200KX22<br>LEI: 2JADVB0458J06WCD4N56 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $5999306.67   | 0.17%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXU7<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |  12000000 | PA      | $11961660.00  | 0.35%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                      | Genuine Parts Co                                      | CUSIP: 37255FXP0<br>LEI: 549300D46DQVEU651W04 | Long             | STIV             | CORP              | US        |   9000000 | PA      | $8976680.00   | 0.26%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS                              | NextEra Energy Capital Holdings Inc                   | CUSIP: 65339MY75<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3982527.78   | 0.12%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONE GAS INC                                           | ONE Gas Inc                                           | CUSIP: 68236AX39<br>LEI: 549300HXDWI0LATTX840 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3999051.11   | 0.12%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Peoples Gas Light & Coke Co/The                       | Peoples Gas Light & Coke Co/The                       | CUSIP: 71112JX17<br>LEI: 549300VH4MUMYIT6HH52 | Long             | STIV             | CORP              | US        |  22500000 | PA      | $22500000.00  | 0.65%             | 2025-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                               | Penske Truck Leasing Co LP                            | CUSIP: 70962AXU5<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |    600000 | PA      | $598096.50    | 0.02%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                      | Duke Energy Corp                                      | CUSIP: 26244HY49<br>LEI: I1BZKREC126H0VB1BL91 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14940358.34  | 0.43%             | 2025-11-04      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Cintas Corp No 2                                      | Cintas Corp No 2                                      | CUSIP: 1725E2X14<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |  30000000 | PA      | $30000000.00  | 0.87%             | 2025-10-01      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                  | Keurig Dr Pepper Inc                                  | CUSIP: 49271JXG7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9982208.34   | 0.29%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp                     | CenterPoint Energy Resources Corp                     | CUSIP: 15200KX14<br>LEI: 2JADVB0458J06WCD4N56 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $4000000.00   | 0.12%             | 2025-10-01      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                               | PPL Capital Funding Inc                               | CUSIP: 69354GX30<br>LEI: 549300MROK5WY0D2NU17 | Long             | STIV             | CORP              | US        |  24625000 | PA      | $24619281.53  | 0.72%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                                          | Avangrid Inc                                          | CUSIP: 05353AXM6<br>LEI: 549300OX0Q38NLSKPB49 | Long             | STIV             | CORP              | US        |  65000000 | PA      | $64847611.11  | 1.88%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                              | Enterprise Products Operating LLC                     | CUSIP: 29380BX25<br>LEI: 5493004LGN656HWLDA30 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $49994138.89  | 1.45%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Automatic Data Processing Inc                         | Automatic Data Processing Inc                         | CUSIP: 0530A2X13<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | STIV             | CORP              | US        |  84000000 | PA      | $84000000.00  | 2.44%             | 2025-10-01      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                          | AutoZone Inc                                          | CUSIP: 05333TX32<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | STIV             | CORP              | US        |  40855000 | PA      | $40845580.65  | 1.19%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXN3<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $997503.33    | 0.03%             | 2025-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & COMPANY INC                               | McCormick & Co Inc/MD                                 | CUSIP: 57978CYU9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | STIV             | CORP              | US        |  67000000 | PA      | $66543395.00  | 1.93%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY SOUTH                                 | Dominion Energy South Carolina Inc                    | CUSIP: 25731DX25<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24996888.89  | 0.73%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                  | Keurig Dr Pepper Inc                                  | CUSIP: 49271JX69<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999406.94    | 0.03%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MX60<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499695.83    | 0.01%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Gas Co                              | Northern Illinois Gas Co                              | CUSIP: 66522TX84<br>LEI: 549300H5GUKWH3CAB355 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4995945.84   | 0.15%             | 2025-10-08      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                              | Alimentation Couche-Tard Inc                          | CUSIP: 01626UX75<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |    250000 | PA      | $249823.33    | 0.01%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MX11<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $20000000.00  | 0.58%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bell Telephone Co of Canada or Bell Canada/The        | Bell Telephone Co of Canada or Bell Canada/The        | CUSIP: 07787PXL7<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | STIV             | CORP              | CA        |  20000000 | PA      | $19955666.67  | 0.58%             | 2025-10-20      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                | U.S. Treasury Bills                                   | CUSIP: 912797RE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  25000000 | PA      | $24923846.88  | 0.72%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS                              | NextEra Energy Capital Holdings Inc                   | CUSIP: 65339MX84<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |  13890000 | PA      | $13877792.23  | 0.40%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                | U.S. Treasury Bills                                   | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  15665000 | PA      | $15613874.01  | 0.45%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                      | Genuine Parts Co                                      | CUSIP: 37255FXU9<br>LEI: 549300D46DQVEU651W04 | Long             | STIV             | CORP              | US        |  78000000 | PA      | $77747865.00  | 2.26%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXL7<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |    900000 | PA      | $897995.50    | 0.03%             | 2025-10-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Co                             | Arizona Public Service Co                             | CUSIP: 04056AX72<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $5995770.00   | 0.17%             | 2025-10-07      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                              | Intercontinental Exchange Inc                         | CUSIP: 45856WXE4<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9984833.34   | 0.29%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                            | AbbVie Inc                                            | CUSIP: 00287BYC7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | STIV             | CORP              | US        |    625000 | PA      | $621915.63    | 0.02%             | 2025-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                                | Arizona Public Service Co                             | CUSIP: 04056AX23<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | STIV             | CORP              | US        |  19000000 | PA      | $18997767.50  | 0.55%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING CO                               | Penske Truck Leasing Co LP                            | CUSIP: 70962AX35<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |  17000000 | PA      | $16995750.00  | 0.49%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                              | Alimentation Couche-Tard Inc                          | CUSIP: 01626UX34<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |    300000 | PA      | $299927.50    | 0.01%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXQ6<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6980903.61   | 0.20%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO 2                               | Cintas Corp No 2                                      | CUSIP: 1725E2XF3<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998370.55    | 0.03%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                         | TRISTATE INSURED CASH SWEEP                           | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | Long             | STIV             | CORP              | US        | 282679896 | PA      | $282679896.16 | 8.22%             | 2050-10-01      | Variable      | 4.28%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                              | Alimentation Couche-Tard Inc                          | CUSIP: 01626UX91<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |   1000000 | PA      | $999051.11    | 0.03%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON PHILLIPS CHEM CO                              | Chevron Phillips Chemical Co LLC                      | CUSIP: 16677AY66<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  17000000 | PA      | $16927750.00  | 0.49%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                            | Fiserv Inc                                            | CUSIP: 33774KX88<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | STIV             | CORP              | US        |  30000000 | PA      | $29975325.00  | 0.87%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                                | Motorola Solutions Inc                                | CUSIP: 62010LX14<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $50000000.00  | 1.45%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MX78<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $5995620.00   | 0.17%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE                              | Intercontinental Exchange Inc                         | CUSIP: 45856WX87<br>LEI: 5493000F4ZO33MV32P92 | Long             | STIV             | CORP              | US        |  40000000 | PA      | $39967333.33  | 1.16%             | 2025-10-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                           | Oracle Corp                                           | CUSIP: 6840C2YL3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4970277.78   | 0.14%             | 2025-11-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXQ6<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |  14000000 | PA      | $13961986.11  | 0.41%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                | Mondelez International Inc                            | CUSIP: 60920VYA4<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |    800000 | PA      | $796231.11    | 0.02%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI HC FIN AMER                                | Mitsubishi HC Finance America LLC                     | CUSIP: 60678PXT1<br>LEI: 3538008O2MCHLB9FAL82 | Long             | STIV             | CORP              | US        |  19000000 | PA      | $18941268.89  | 0.55%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp                           | American Honda Finance Corp                           | CUSIP: 02665JXM7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |  65000000 | PA      | $64845444.44  | 1.88%             | 2025-10-21      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELEC POWER CO                                | American Electric Power Co Inc                        | CUSIP: 0255E2X62<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | STIV             | CORP              | US        |  13250000 | PA      | $13242215.63  | 0.38%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC COMPANY                                | NSTAR Electric Co                                     | CUSIP: 67021JXG2<br>LEI: 54930080R72Y2Z31UR68 | Long             | STIV             | CORP              | US        |  56000000 | PA      | $55901300.00  | 1.62%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAN PACIFIC RAILWAY                                   | Canadian Pacific Railway Co                           | CUSIP: 13645WXA6<br>LEI: 54930036474DURYNB481 | Long             | STIV             | CORP              | CA        |  12000000 | PA      | $11987040.00  | 0.35%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                                | Mondelez International Inc                            | CUSIP: 60920VXG2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   9000000 | PA      | $8984137.50   | 0.26%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS                              | NextEra Energy Capital Holdings Inc                   | CUSIP: 65339MX92<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |    599000 | PA      | $598403.66    | 0.02%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE US INC                                       | Enbridge US Inc                                       | CUSIP: 29251UXU7<br>LEI: 5493003FRODSVHJWFS32 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9967900.00   | 0.29%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                           | Oracle Corp                                           | CUSIP: 6840C2YQ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $993565.00    | 0.03%             | 2025-11-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TELSTRA GROUP LTD                                     | Telstra Group Ltd                                     | CUSIP: 8796VQZA4<br>LEI: 894500WRW54CVN62K416 | Long             | STIV             | CORP              | AU        |  31750000 | PA      | $31493177.78  | 0.92%             | 2025-12-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECHNOLOGIES IN                              | L3Harris Technologies Inc                             | CUSIP: 50248BXE7<br>LEI: 549300UTE50ZMDBG8A20 | Long             | STIV             | CORP              | US        |   4250000 | PA      | $4243554.17   | 0.12%             | 2025-10-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co LP                            | Penske Truck Leasing Co LP                            | CUSIP: 70962AX27<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |    250000 | PA      | $249968.61    | 0.01%             | 2025-10-02      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                                             | Spire Inc                                             | CUSIP: 84858MXP8<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $997421.11    | 0.03%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-17

**Name of Applicant:** THORNBURG INVESTMENT TRUST

**Signature:** Christopher Luckham

**Name of Signer:** Christopher Luckham

**Title:** Senior Manager - Fund Administration