# EDGAR Filing Document

**Accession Number:** 0001087961
**File Stem:** 0001410368-25-010623
**Filing Date:** 2025-9
**Character Count:** 597638
**Document Hash:** cb3ca37fafb1fae84c1755e781a6d100
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-010623.hdr.sgml**: 20250925

**ACCESSION NUMBER**: 0001410368-25-010623

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250925

**DATE AS OF CHANGE**: 20250925

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING MASTER TRUST
- **CENTRAL INDEX KEY:** 0001087961

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09689
- **FILM NUMBER:** 251340561

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 833-568-4255

**MAIL ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO MASTER TRUST
- **DATE OF NAME CHANGE:** 20021209

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WELLS FARGO CORE TRUST
- **DATE OF NAME CHANGE:** 19990604

## Series and Classes Contracts Data

### Allspring Core Bond Portfolio (Series ID: S000007564)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000020629 | Core Bond Portfolio |  |

## Nport-Ex

Portfolio of investments—July 31, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 43.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00<br> %<br>| &nbsp;&nbsp; 6-1-2040 | $7633660 | &nbsp;&nbsp; $6613038 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 7-1-2040 | 14310806 | &nbsp;&nbsp; 12278826 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 8-1-2040 | 8170233 | &nbsp;&nbsp; 7070509 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 10-1-2040 | 8192614 | &nbsp;&nbsp; 7015607 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 11-1-2040 | 15172926 | &nbsp;&nbsp; 12982713 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 12-1-2040 | 2681008 | &nbsp;&nbsp; 2289277 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 1-1-2041 | 2080530 | &nbsp;&nbsp; 1776546 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 2-1-2041 | 2130543 | &nbsp;&nbsp; 1819020 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 11-1-2041 | 4230275 | &nbsp;&nbsp; 3606329 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 3-1-2042 | 4736558 | &nbsp;&nbsp; 4001192 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 2-1-2047 | 1893828 | &nbsp;&nbsp; 1493392 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 12-1-2051 | 1259752 | &nbsp;&nbsp; 1011216 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 7-1-2033 | 6046215 | &nbsp;&nbsp; 5922435 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 4-1-2037 | 3286955 | &nbsp;&nbsp; 3078758 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 4-1-2042 | 1602769 | &nbsp;&nbsp; 1405984 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 5-1-2042 | 5323253 | &nbsp;&nbsp; 4674346 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 6-1-2042 | 1957928 | &nbsp;&nbsp; 1724079 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 8-1-2043 | 4732223 | &nbsp;&nbsp; 4162669 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 6-1-2046 | 5674750 | &nbsp;&nbsp; 4978889 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 11-1-2046 | 4101577 | &nbsp;&nbsp; 3465138 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 5-1-2051 | 9092003 | &nbsp;&nbsp; 7598485 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 9-1-2051 | 8905451 | &nbsp;&nbsp; 7437881 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 11-1-2051 | 2119273 | &nbsp;&nbsp; 1773039 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 1-1-2052 | 55335659 | &nbsp;&nbsp; 46141991 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 2-1-2052 | 883217 | &nbsp;&nbsp; 731422 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 3-1-2052 | 3194021 | &nbsp;&nbsp; 2648351 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 4-1-2052 | 4723139 | &nbsp;&nbsp; 3925800 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 4-1-2040 | 2272333 | &nbsp;&nbsp; 2101777 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 3-1-2043 | 1966080 | &nbsp;&nbsp; 1758370 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 4-1-2043 | 2663614 | &nbsp;&nbsp; 2383153 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 8-1-2043 | 4171131 | &nbsp;&nbsp; 3730195 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 2-1-2045 | 6457728 | &nbsp;&nbsp; 5740522 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 4-1-2045 | 10174728 | &nbsp;&nbsp; 9094887 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 5-1-2045 | 3405906 | &nbsp;&nbsp; 3011115 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 9-1-2046 | 4811641 | &nbsp;&nbsp; 4248943 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 11-1-2048 | 5758564 | &nbsp;&nbsp; 5069571 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 5-1-2049 | 2699895 | &nbsp;&nbsp; 2380929 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 11-1-2049 | 3229897 | &nbsp;&nbsp; 2844471 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 5-1-2043 | 6562680 | &nbsp;&nbsp; 5881274 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 1-1-2046 | 3236684 | &nbsp;&nbsp; 2904950 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 2-1-2047 | 1307299 | &nbsp;&nbsp; 1171002 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 4-1-2047 | 20152789 | &nbsp;&nbsp; 17741439 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.00 | &nbsp;&nbsp; 3-1-2050 | 8949309 | &nbsp;&nbsp; 8449149 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.50 | &nbsp;&nbsp; 6-1-2039 | 132517 | &nbsp;&nbsp; 131263 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.50 | &nbsp;&nbsp; 7-1-2039 | 152461 | &nbsp;&nbsp; 151080 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 12-1-2054 | 2485989 | &nbsp;&nbsp; 2525492 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 5-1-2055 | 21164238 | &nbsp;&nbsp; 21090698 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.00 | &nbsp;&nbsp; 7-1-2054 | 4036873 | &nbsp;&nbsp; 4174247 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 1

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.00<br> %<br>| &nbsp;&nbsp; 9-1-2054 | $32000843 | &nbsp;&nbsp; $33091301 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.00 | &nbsp;&nbsp; 10-1-2054 | 5522840 | &nbsp;&nbsp; 5711376 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.00 | &nbsp;&nbsp; 5-1-2055 | 21317626 | &nbsp;&nbsp; 21646694 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.00 | &nbsp;&nbsp; 6-1-2055 | 27582941 | &nbsp;&nbsp; 27968339 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.50 | &nbsp;&nbsp; 9-1-2054 | 12765157 | &nbsp;&nbsp; 13419293 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.50 | &nbsp;&nbsp; 10-1-2054 | 3810275 | &nbsp;&nbsp; 4012170 |
| &nbsp;&nbsp;&nbsp; FHLMC | 6.50 | &nbsp;&nbsp; 11-1-2054 | 980409 | &nbsp;&nbsp; 1028971 |
| &nbsp;&nbsp;&nbsp; FHLMC STRIPS Series 264 Class 30 | 3.00 | &nbsp;&nbsp; 7-15-2042 | 4311066 | &nbsp;&nbsp; 3918490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC STRIPS Series 271 Class F5 (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.95 | &nbsp;&nbsp; 8-15-2042 | 1291058 | &nbsp;&nbsp; 1273679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC STRIPS Series 272 Class F1 (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.95 | &nbsp;&nbsp; 8-15-2042 | 2030817 | &nbsp;&nbsp; 2003611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC STRIPS Series 280 Class F1 (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.95 | &nbsp;&nbsp; 9-15-2042 | 2046738 | &nbsp;&nbsp; 2018382 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.06%)± | 5.07 | &nbsp;&nbsp; 7-1-2055 | 1579600 | &nbsp;&nbsp; 1581294 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.06%)± | 5.08 | &nbsp;&nbsp; 8-1-2055 | 2871956 | &nbsp;&nbsp; 2874632 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.06%)± | 5.14 | &nbsp;&nbsp; 7-1-2055 | 2338480 | &nbsp;&nbsp; 2342376 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.08%)± | 5.26 | &nbsp;&nbsp; 7-1-2055 | 6455677 | &nbsp;&nbsp; 6466383 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.08%)± | 5.30 | &nbsp;&nbsp; 7-1-2055 | 2709440 | &nbsp;&nbsp; 2727782 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.09%)± | 5.44 | &nbsp;&nbsp; 5-1-2055 | 1689410 | &nbsp;&nbsp; 1703504 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.14%)± | 3.95 | &nbsp;&nbsp; 8-1-2052 | 2689794 | &nbsp;&nbsp; 2587153 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.14%)± | 5.02 | &nbsp;&nbsp; 6-1-2055 | 2985136 | &nbsp;&nbsp; 2991141 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.15%)± | 4.83 | &nbsp;&nbsp; 1-1-2055 | 4986147 | &nbsp;&nbsp; 4989124 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.16%)± | 5.11 | &nbsp;&nbsp; 6-1-2055 | 2478077 | &nbsp;&nbsp; 2479252 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.19%)± | 5.11 | &nbsp;&nbsp; 8-1-2055 | 1447377 | &nbsp;&nbsp; 1451461 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.23%)± | 5.13 | &nbsp;&nbsp; 6-1-2055 | 14002522 | &nbsp;&nbsp; 13997442 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.25%)± | 4.86 | &nbsp;&nbsp; 6-1-2055 | 15794800 | &nbsp;&nbsp; 15671430 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.26%)± | 4.99 | &nbsp;&nbsp; 2-1-2054 | 1866899 | &nbsp;&nbsp; 1871475 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.31%)± | 4.22 | &nbsp;&nbsp; 5-1-2053 | 7722538 | &nbsp;&nbsp; 7617367 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.33%)± | 5.34 | &nbsp;&nbsp; 8-1-2055 | 2936680 | &nbsp;&nbsp; 2954241 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.33%)± | 5.43 | &nbsp;&nbsp; 8-1-2055 | 3776510 | &nbsp;&nbsp; 3796110 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.33%)± | 5.62 | &nbsp;&nbsp; 7-1-2055 | 4623310 | &nbsp;&nbsp; 4667131 |
| &nbsp;&nbsp;&nbsp; FHLMC (30 Day Average U.S. SOFR+2.35%)± | 4.61 | &nbsp;&nbsp; 3-1-2053 | 6096073 | &nbsp;&nbsp; 5989352 |
| &nbsp;&nbsp;&nbsp; FHLMC (RFUCCT1Y+1.62%)± | 3.10 | &nbsp;&nbsp; 2-1-2050 | 2994806 | &nbsp;&nbsp; 2996263 |
| &nbsp;&nbsp;&nbsp; FHLMC (RFUCCT1Y+1.64%)± | 5.84 | &nbsp;&nbsp; 11-1-2048 | 1490245 | &nbsp;&nbsp; 1550127 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 1897 Class K | 7.00 | &nbsp;&nbsp; 9-15-2026 | 8 | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 326 Class F2 (30 Day Average U.S. SOFR+0.66%)± | 5.00 | &nbsp;&nbsp; 3-15-2044 | 1890744 | &nbsp;&nbsp; 1879730 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 3693 Class FC (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.95 | &nbsp;&nbsp; 7-15-2040 | 1599947 | &nbsp;&nbsp; 1589547 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 3919 Class FA (30 Day Average U.S. SOFR+0.61%)± | 4.95 | &nbsp;&nbsp; 9-15-2041 | 1523496 | &nbsp;&nbsp; 1512663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 3958 Class AF (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.90 | &nbsp;&nbsp; 11-15-2041 | 1442355 | &nbsp;&nbsp; 1429852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 3975 Class FA (30 Day Average <br> U.S. SOFR+0.60%)±<br>| 4.94 | &nbsp;&nbsp; 12-15-2041 | 1330434 | &nbsp;&nbsp; 1321382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 3990 Class FG (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.90 | &nbsp;&nbsp; 1-15-2042 | 1666997 | &nbsp;&nbsp; 1652905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4059 Class FP (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.90 | &nbsp;&nbsp; 6-15-2042 | 1911409 | &nbsp;&nbsp; 1892930 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4091 Class BX | 3.25<br> %<br>| &nbsp;&nbsp; 10-15-2041 | $2241871 | &nbsp;&nbsp; $2091550 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4091 Class MX | 3.25 | &nbsp;&nbsp; 2-15-2042 | 1765111 | &nbsp;&nbsp; 1634900 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4091 Class EX | 3.38 | &nbsp;&nbsp; 7-15-2042 | 1410122 | &nbsp;&nbsp; 1315023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4091 Class FN (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.85 | &nbsp;&nbsp; 8-15-2042 | 1410994 | &nbsp;&nbsp; 1390880 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4117 Class HB | 2.50 | &nbsp;&nbsp; 10-15-2042 | 1445013 | &nbsp;&nbsp; 1277215 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4122 Class FP (30 Day Average U.S. SOFR+0.51%)± | 4.85 | &nbsp;&nbsp; 10-15-2042 | 2581002 | &nbsp;&nbsp; 2542258 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4160 Class HP | 2.50 | &nbsp;&nbsp; 1-15-2033 | 1562469 | &nbsp;&nbsp; 1489047 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4184 Class FN (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.80 | &nbsp;&nbsp; 3-15-2043 | 1145404 | &nbsp;&nbsp; 1128146 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4205 Class PA | 1.75 | &nbsp;&nbsp; 5-15-2043 | 1334279 | &nbsp;&nbsp; 1140784 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4240 Class FA (30 Day Average U.S. SOFR+0.61%)± | 4.95 | &nbsp;&nbsp; 8-15-2043 | 3720297 | &nbsp;&nbsp; 3657154 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4273 Class PF (30 Day Average U.S. SOFR+0.51%)± | 4.85 | &nbsp;&nbsp; 11-15-2043 | 1594024 | &nbsp;&nbsp; 1589905 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4281 Class FA (30 Day Average U.S. SOFR+0.51%)± | 4.85 | &nbsp;&nbsp; 12-15-2043 | 676765 | &nbsp;&nbsp; 672366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4286 Class VF (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.90 | &nbsp;&nbsp; 12-15-2043 | 2977769 | &nbsp;&nbsp; 2943566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4303 Class FA (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.80 | &nbsp;&nbsp; 2-15-2044 | 1222422 | &nbsp;&nbsp; 1205767 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4427 Class CE | 3.00 | &nbsp;&nbsp; 2-15-2034 | 408926 | &nbsp;&nbsp; 402947 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4446 Class CP | 2.25 | &nbsp;&nbsp; 3-15-2045 | 1704963 | &nbsp;&nbsp; 1509022 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4527 Class GA | 3.00 | &nbsp;&nbsp; 2-15-2044 | 3251594 | &nbsp;&nbsp; 3107728 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4582 Class HA | 3.00 | &nbsp;&nbsp; 9-15-2045 | 6812293 | &nbsp;&nbsp; 6429181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4587 Class AF (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.80 | &nbsp;&nbsp; 6-15-2046 | 2059169 | &nbsp;&nbsp; 2044136 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4604 Class FB (30 Day Average U.S. SOFR+0.51%)± | 4.85 | &nbsp;&nbsp; 8-15-2046 | 3924063 | &nbsp;&nbsp; 3885598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4611 Class BF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.85 | &nbsp;&nbsp; 6-15-2041 | 14939280 | &nbsp;&nbsp; 14784909 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4620 Class LF (30 Day Average U.S. SOFR+0.51%)± | 4.85 | &nbsp;&nbsp; 10-15-2046 | 2126300 | &nbsp;&nbsp; 2108513 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4628 Class KF (30 Day Average U.S. SOFR+0.61%)± | 4.95 | &nbsp;&nbsp; 1-15-2055 | 2144115 | &nbsp;&nbsp; 2083283 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4709 Class FA (30 Day Average U.S. SOFR+0.41%)± | 4.75 | &nbsp;&nbsp; 8-15-2047 | 1569185 | &nbsp;&nbsp; 1548398 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4719 Class LM | 3.00 | &nbsp;&nbsp; 9-15-2047 | 1504141 | &nbsp;&nbsp; 1336917 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4719 Class LA | 3.50 | &nbsp;&nbsp; 9-15-2047 | 1981092 | &nbsp;&nbsp; 1820864 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4742 Class PA | 3.00 | &nbsp;&nbsp; 10-15-2047 | 3137233 | &nbsp;&nbsp; 2853780 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4753 Class BD | 3.00 | &nbsp;&nbsp; 1-15-2048 | 1846430 | &nbsp;&nbsp; 1650034 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4826 Class KF (30 Day Average U.S. SOFR+0.41%)± | 4.75 | &nbsp;&nbsp; 9-15-2048 | 1200168 | &nbsp;&nbsp; 1169822 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4854 Class FB (30 Day Average U.S. SOFR+0.41%)± | 4.75 | &nbsp;&nbsp; 1-15-2049 | 4002136 | &nbsp;&nbsp; 3954565 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4857 Class JA | 3.35 | &nbsp;&nbsp; 1-15-2049 | 5769355 | &nbsp;&nbsp; 5486623 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4880 Class DA | 3.00 | &nbsp;&nbsp; 5-15-2050 | 2664429 | &nbsp;&nbsp; 2436568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4903 Class NF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 8-25-2049 | 1203659 | &nbsp;&nbsp; 1179745 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4927 Class BG | 3.00 | &nbsp;&nbsp; 11-25-2049 | 2691901 | &nbsp;&nbsp; 2470428 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4937 Class MD | 2.50 | &nbsp;&nbsp; 10-25-2049 | 2763644 | &nbsp;&nbsp; 2440685 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4940 Class AG | 3.00 | &nbsp;&nbsp; 5-15-2040 | 1770321 | &nbsp;&nbsp; 1667678 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4941 Class GA | 2.00 | &nbsp;&nbsp; 12-15-2047 | 1535169 | &nbsp;&nbsp; 1281491 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4954 Class LB | 2.50 | &nbsp;&nbsp; 2-25-2050 | 1319945 | &nbsp;&nbsp; 1151041 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 4957 Class MY | 3.00 | &nbsp;&nbsp; 2-25-2050 | 1883000 | &nbsp;&nbsp; 1554285 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4988 Class KF (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.81 | &nbsp;&nbsp; 7-25-2050 | 2371797 | &nbsp;&nbsp; 2357859 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 3

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 4993 Class KF (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.91<br> %<br>| &nbsp;&nbsp; 7-25-2050 | $11371596 | &nbsp;&nbsp; $10910998 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 5004 Class FM (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.81 | &nbsp;&nbsp; 8-25-2050 | 2279013 | &nbsp;&nbsp; 2167030 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5020 Class ET | 3.50 | &nbsp;&nbsp; 10-25-2050 | 2413553 | &nbsp;&nbsp; 2204155 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5058 Class BC | 5.00 | &nbsp;&nbsp; 11-25-2050 | 1801057 | &nbsp;&nbsp; 1762661 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5091 Class AB | 1.50 | &nbsp;&nbsp; 3-25-2051 | 4680435 | &nbsp;&nbsp; 3768191 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5092 Class HE | 2.00 | &nbsp;&nbsp; 2-25-2051 | 2958525 | &nbsp;&nbsp; 2431061 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5114 Class AD | 1.50 | &nbsp;&nbsp; 8-25-2047 | 12098433 | &nbsp;&nbsp; 10326737 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5116 Class PB | 2.25 | &nbsp;&nbsp; 2-25-2051 | 2988005 | &nbsp;&nbsp; 2617308 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5118 Class CA | 1.50 | &nbsp;&nbsp; 10-15-2033 | 2577228 | &nbsp;&nbsp; 2369410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 5119 Class QF (30 Day Average <br> U.S. SOFR+0.20%)±<br>| 4.55 | &nbsp;&nbsp; 6-25-2051 | 3346438 | &nbsp;&nbsp; 3077340 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5178 Class TP | 2.50 | &nbsp;&nbsp; 4-25-2049 | 3766650 | &nbsp;&nbsp; 3325857 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5182 Class M | 2.50 | &nbsp;&nbsp; 5-25-2049 | 2174543 | &nbsp;&nbsp; 1902621 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5201 Class CA | 2.50 | &nbsp;&nbsp; 7-25-2048 | 3114288 | &nbsp;&nbsp; 2733327 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5202 Class BH | 2.00 | &nbsp;&nbsp; 12-25-2047 | 1690838 | &nbsp;&nbsp; 1552639 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5202 Class KA | 2.50 | &nbsp;&nbsp; 6-25-2049 | 2826451 | &nbsp;&nbsp; 2511079 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5202 Class TA | 2.50 | &nbsp;&nbsp; 12-25-2048 | 5144713 | &nbsp;&nbsp; 4696868 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5207 Class PA | 3.00 | &nbsp;&nbsp; 6-25-2051 | 3776504 | &nbsp;&nbsp; 3365836 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5210 Class DC | 3.00 | &nbsp;&nbsp; 9-25-2051 | 2681112 | &nbsp;&nbsp; 2495185 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5217 Class CD | 2.50 | &nbsp;&nbsp; 7-25-2049 | 2502067 | &nbsp;&nbsp; 2320200 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5220 Class QK | 3.50 | &nbsp;&nbsp; 9-25-2050 | 5162884 | &nbsp;&nbsp; 4904949 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5228 Class TN | 3.50 | &nbsp;&nbsp; 7-25-2039 | 2492978 | &nbsp;&nbsp; 2379528 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5335 Class FB (30 Day Average U.S. SOFR+0.81%)± | 5.15 | &nbsp;&nbsp; 10-15-2039 | 4802177 | &nbsp;&nbsp; 4815117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 5338 Class FH (30 Day Average <br> U.S. SOFR+0.41%)±<br>| 4.75 | &nbsp;&nbsp; 4-15-2045 | 4399623 | &nbsp;&nbsp; 4314526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 5396 Class HF (30 Day Average <br> U.S. SOFR+0.95%)±<br>| 5.30 | &nbsp;&nbsp; 4-25-2054 | 6188060 | &nbsp;&nbsp; 6219541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 5399 Class FB (30 Day Average <br> U.S. SOFR+0.90%)±<br>| 5.25 | &nbsp;&nbsp; 4-25-2054 | 4076266 | &nbsp;&nbsp; 4065815 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5410 Class JY | 3.00 | &nbsp;&nbsp; 3-15-2044 | 3133266 | &nbsp;&nbsp; 2687793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FHLMC Series 5451 Class FD (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.85 | &nbsp;&nbsp; 1-15-2044 | 2367735 | &nbsp;&nbsp; 2338611 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5452 Class KY | 3.00 | &nbsp;&nbsp; 3-15-2044 | 3353681 | &nbsp;&nbsp; 2852017 |
| &nbsp;&nbsp;&nbsp; FHLMC Series 5529 Class HA | 3.00 | &nbsp;&nbsp; 3-15-2043 | 1981996 | &nbsp;&nbsp; 1876191 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 6-1-2040 | 2553433 | &nbsp;&nbsp; 2192184 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 7-1-2040 | 7739392 | &nbsp;&nbsp; 6640435 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 8-1-2040 | 19550440 | &nbsp;&nbsp; 16763533 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 9-1-2040 | 8719641 | &nbsp;&nbsp; 7540290 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 10-1-2040 | 13214656 | &nbsp;&nbsp; 11425152 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 11-1-2040 | 7688068 | &nbsp;&nbsp; 6643512 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 12-1-2040 | 18004367 | &nbsp;&nbsp; 15403675 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 4-1-2041 | 3222150 | &nbsp;&nbsp; 2750643 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 10-1-2041 | 5872207 | &nbsp;&nbsp; 5011065 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 11-1-2041 | 1965917 | &nbsp;&nbsp; 1676991 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 4-1-2042 | 3093313 | &nbsp;&nbsp; 2637721 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 5-1-2042 | 5184600 | &nbsp;&nbsp; 4377234 |

---

See accompanying notes to portfolio of investments

4 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00<br> %<br>| &nbsp;&nbsp; 8-1-2042 | $3792954 | &nbsp;&nbsp; $3236756 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 4-1-2046 | 9618965 | &nbsp;&nbsp; 7786246 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 1-1-2047 | 1787064 | &nbsp;&nbsp; 1436716 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 3-1-2047 | 12746266 | &nbsp;&nbsp; 10231758 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 5-1-2037 | 3549001 | &nbsp;&nbsp; 3314364 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 12-1-2040 | 5324789 | &nbsp;&nbsp; 4736302 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 5-1-2041 | 5896952 | &nbsp;&nbsp; 5221483 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 8-1-2041 | 3166656 | &nbsp;&nbsp; 2802592 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 2-1-2042 | 3220561 | &nbsp;&nbsp; 2866309 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 5-1-2042 | 4349340 | &nbsp;&nbsp; 3815286 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 6-1-2042 | 3895569 | &nbsp;&nbsp; 3431509 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 11-1-2042 | 2335928 | &nbsp;&nbsp; 2043550 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 12-1-2047 | 7881462 | &nbsp;&nbsp; 7020593 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 10-1-2050 | 5263495 | &nbsp;&nbsp; 4398208 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 11-1-2050 | 2291771 | &nbsp;&nbsp; 1910839 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 6-1-2051 | 5364626 | &nbsp;&nbsp; 4458961 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 3-1-2052 | 15835299 | &nbsp;&nbsp; 13182837 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 5-1-2040 | 5245738 | &nbsp;&nbsp; 4850411 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 11-1-2042 | 2787484 | &nbsp;&nbsp; 2494674 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 1-1-2043 | 2864813 | &nbsp;&nbsp; 2667462 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2043 | 14167245 | &nbsp;&nbsp; 12417835 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 7-1-2043 | 2291453 | &nbsp;&nbsp; 2046978 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 8-1-2043 | 3145768 | &nbsp;&nbsp; 2810145 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 9-1-2043 | 2336336 | &nbsp;&nbsp; 2091315 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 12-1-2043 | 2943685 | &nbsp;&nbsp; 2629435 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 1-1-2044 | 4038740 | &nbsp;&nbsp; 3663553 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2044 | 2997884 | &nbsp;&nbsp; 2679726 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2045 | 4814921 | &nbsp;&nbsp; 4305328 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 3-1-2045 | 8687214 | &nbsp;&nbsp; 7699108 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 10-1-2046 | 11139755 | &nbsp;&nbsp; 9870533 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 11-1-2046 | 9033373 | &nbsp;&nbsp; 7956359 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 12-1-2046 | 12493624 | &nbsp;&nbsp; 10996951 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2047 | 32211646 | &nbsp;&nbsp; 28788899 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 9-1-2047 | 1457013 | &nbsp;&nbsp; 1285195 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 1-1-2048 | 3733448 | &nbsp;&nbsp; 3334884 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2048 | 2083750 | &nbsp;&nbsp; 1842638 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 4-1-2048 | 9899865 | &nbsp;&nbsp; 8847132 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 8-1-2048 | 5588388 | &nbsp;&nbsp; 4961014 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 12-1-2048 | 5821514 | &nbsp;&nbsp; 5113580 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 1-1-2049 | 9323907 | &nbsp;&nbsp; 8293949 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 10-1-2049 | 37082543 | &nbsp;&nbsp; 33147000 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2050 | 53787113 | &nbsp;&nbsp; 47432927 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 5-1-2050 | 10547547 | &nbsp;&nbsp; 9303313 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 7-1-2050 | 22339387 | &nbsp;&nbsp; 19608042 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 4-1-2052 | 12390592 | &nbsp;&nbsp; 10781166 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 7-1-2052 | 2122066 | &nbsp;&nbsp; 1865889 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 10-1-2052 | 15674113 | &nbsp;&nbsp; 13552514 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2055 | 1623242 | &nbsp;&nbsp; 1403155 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 5

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00<br> %<br>| &nbsp;&nbsp; 7-1-2060 | $21307202 | &nbsp;&nbsp; $18296917 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 8-1-2042 | 2013380 | &nbsp;&nbsp; 1802315 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 6-1-2042 | 1958066 | &nbsp;&nbsp; 1828246 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 1-1-2044 | 1116957 | &nbsp;&nbsp; 1039993 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 1-1-2027 | 690013 | &nbsp;&nbsp; 686533 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 3-1-2035 | 2367834 | &nbsp;&nbsp; 2353039 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 9-1-2045 | 410620 | &nbsp;&nbsp; 390124 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 1-1-2046 | 3207110 | &nbsp;&nbsp; 3043298 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 3-1-2047 | 1318316 | &nbsp;&nbsp; 1248623 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 4-1-2047 | 336582 | &nbsp;&nbsp; 318461 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 10-1-2047 | 379820 | &nbsp;&nbsp; 359370 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 12-1-2048 | 1647767 | &nbsp;&nbsp; 1559062 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 3-1-2043 | 1832878 | &nbsp;&nbsp; 1808091 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 10-1-2045 | 2892205 | &nbsp;&nbsp; 2809019 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 2-1-2046 | 85236 | &nbsp;&nbsp; 82784 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 7-1-2048 | 2750069 | &nbsp;&nbsp; 2677836 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 2-1-2054 | 47682157 | &nbsp;&nbsp; 47498050 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 7-1-2054 | 4592073 | &nbsp;&nbsp; 4632166 |
| &nbsp;&nbsp;&nbsp; FNMA%% | 5.50 | &nbsp;&nbsp; 8-15-2054 | 84400000 | &nbsp;&nbsp; 83953165 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 10-1-2054 | 7082374 | &nbsp;&nbsp; 7170288 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 11-1-2054 | 7404059 | &nbsp;&nbsp; 7495967 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 12-1-2054 | 7132515 | &nbsp;&nbsp; 7221054 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 1-1-2055 | 9965240 | &nbsp;&nbsp; 10088664 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 5-1-2055 | 25146184 | &nbsp;&nbsp; 25122890 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 7-1-2055 | 35105827 | &nbsp;&nbsp; 34983840 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 12-1-2053 | 2349743 | &nbsp;&nbsp; 2415694 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 6-1-2054 | 3652511 | &nbsp;&nbsp; 3778256 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 7-1-2054 | 4227986 | &nbsp;&nbsp; 4378722 |
| &nbsp;&nbsp;&nbsp; FNMA%% | 6.00 | &nbsp;&nbsp; 8-15-2054 | 7800000 | &nbsp;&nbsp; 7907810 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 9-1-2054 | 15605403 | &nbsp;&nbsp; 16136752 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 10-1-2054 | 1881468 | &nbsp;&nbsp; 1948551 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 11-1-2054 | 7930451 | &nbsp;&nbsp; 8203295 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 12-1-2054 | 2478664 | &nbsp;&nbsp; 2567022 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 4-1-2055 | 30612438 | &nbsp;&nbsp; 31084986 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 5-1-2055 | 18894766 | &nbsp;&nbsp; 19235647 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.00 | &nbsp;&nbsp; 6-1-2055 | 9695025 | &nbsp;&nbsp; 9855053 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 12-1-2053 | 2641397 | &nbsp;&nbsp; 2789051 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 9-1-2054 | 4332786 | &nbsp;&nbsp; 4559355 |
| &nbsp;&nbsp;&nbsp; FNMA | 6.50 | &nbsp;&nbsp; 10-1-2054 | 3955729 | &nbsp;&nbsp; 4164019 |
| &nbsp;&nbsp;&nbsp; FNMA Interest STRIPS Series 414 Class A35 | 3.50 | &nbsp;&nbsp; 10-25-2042 | 3703448 | &nbsp;&nbsp; 3468257 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.05%)± | 5.01 | &nbsp;&nbsp; 8-1-2055 | 1477840 | &nbsp;&nbsp; 1482411 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.06%)± | 5.37 | &nbsp;&nbsp; 5-1-2055 | 4594258 | &nbsp;&nbsp; 4632173 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.09%)± | 5.05 | &nbsp;&nbsp; 7-1-2055 | 4299742 | &nbsp;&nbsp; 4321209 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.12%)± | 3.93 | &nbsp;&nbsp; 8-1-2052 | 1807429 | &nbsp;&nbsp; 1742904 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.12%)± | 4.07 | &nbsp;&nbsp; 7-1-2052 | 3944652 | &nbsp;&nbsp; 3825228 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.12%)± | 4.10 | &nbsp;&nbsp; 9-1-2052 | 3312382 | &nbsp;&nbsp; 3275427 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.12%)± | 4.61 | &nbsp;&nbsp; 8-1-2052 | 4089959 | &nbsp;&nbsp; 4041927 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.13 | &nbsp;&nbsp; 10-1-2052 | 8951188 | &nbsp;&nbsp; 8849629 |

---

See accompanying notes to portfolio of investments

6 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.15<br> %<br>| &nbsp;&nbsp; 11-1-2052 | $2943895 | &nbsp;&nbsp; $2907944 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.37 | &nbsp;&nbsp; 7-1-2052 | 4517571 | &nbsp;&nbsp; 4463482 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.61 | &nbsp;&nbsp; 8-1-2052 | 4965487 | &nbsp;&nbsp; 4936969 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.13%)± | 4.64 | &nbsp;&nbsp; 8-1-2052 | 2615084 | &nbsp;&nbsp; 2602989 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.15%)± | 5.03 | &nbsp;&nbsp; 7-1-2055 | 12028458 | &nbsp;&nbsp; 12040673 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.16%)± | 4.35 | &nbsp;&nbsp; 1-1-2055 | 4356879 | &nbsp;&nbsp; 4332165 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.16%)± | 4.94 | &nbsp;&nbsp; 4-1-2055 | 3560733 | &nbsp;&nbsp; 3567867 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.28%)± | 4.87 | &nbsp;&nbsp; 7-1-2054 | 9002475 | &nbsp;&nbsp; 9015912 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.30%)± | 4.56 | &nbsp;&nbsp; 12-1-2054 | 2256982 | &nbsp;&nbsp; 2231613 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.30%)± | 4.67 | &nbsp;&nbsp; 4-1-2053 | 18118715 | &nbsp;&nbsp; 18138443 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.31%)± | 4.97 | &nbsp;&nbsp; 5-1-2055 | 4270600 | &nbsp;&nbsp; 4270222 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.33%)± | 4.54 | &nbsp;&nbsp; 4-1-2053 | 14974006 | &nbsp;&nbsp; 14716964 |
| &nbsp;&nbsp;&nbsp; FNMA (30 Day Average U.S. SOFR+2.33%)± | 5.40 | &nbsp;&nbsp; 8-1-2054 | 6155089 | &nbsp;&nbsp; 6196320 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.60%)± | 6.01 | &nbsp;&nbsp; 3-1-2050 | 3165962 | &nbsp;&nbsp; 3283207 |
| &nbsp;&nbsp;&nbsp; FNMA (RFUCCT1Y+1.61%)± | 2.76 | &nbsp;&nbsp; 6-1-2050 | 1814366 | &nbsp;&nbsp; 1735581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2010-107 Class FB (30 Day Average <br> U.S. SOFR+0.52%)±<br>| 4.87 | &nbsp;&nbsp; 9-25-2040 | 1112468 | &nbsp;&nbsp; 1102980 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2011-111 Class DB | 4.00 | &nbsp;&nbsp; 11-25-2041 | 2387412 | &nbsp;&nbsp; 2295389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2011-117 Class AF (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.91 | &nbsp;&nbsp; 11-25-2041 | 988733 | &nbsp;&nbsp; 980020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2011-117 Class FA (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.91 | &nbsp;&nbsp; 11-25-2041 | 3055444 | &nbsp;&nbsp; 3029067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2011-127 Class FC (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.91 | &nbsp;&nbsp; 12-25-2041 | 1407588 | &nbsp;&nbsp; 1394076 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2011-142 Class EF (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.96 | &nbsp;&nbsp; 1-25-2042 | 1574944 | &nbsp;&nbsp; 1563773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2011-55 Class FH (30 Day Average <br> U.S. SOFR+0.55%)±<br>| 4.90 | &nbsp;&nbsp; 6-25-2041 | 1134221 | &nbsp;&nbsp; 1125966 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2012-106 Class FA (30 Day Average <br> U.S. SOFR+0.45%)±<br>| 4.80 | &nbsp;&nbsp; 10-25-2042 | 932199 | &nbsp;&nbsp; 921695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2012-12 Class FA (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.96 | &nbsp;&nbsp; 2-25-2042 | 1395294 | &nbsp;&nbsp; 1385010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2012-133 Class JF (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.81 | &nbsp;&nbsp; 12-25-2042 | 1655170 | &nbsp;&nbsp; 1627445 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2012-151 Class NX | 1.50 | &nbsp;&nbsp; 1-25-2043 | 1476342 | &nbsp;&nbsp; 1259555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2012-47 Class JF (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.96 | &nbsp;&nbsp; 5-25-2042 | 1870393 | &nbsp;&nbsp; 1856187 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2013-11 Class AP | 1.50 | &nbsp;&nbsp; 1-25-2043 | 4016405 | &nbsp;&nbsp; 3686862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2013-15 Class FA (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.81 | &nbsp;&nbsp; 3-25-2043 | 2002320 | &nbsp;&nbsp; 1966509 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2013-43 Class BP | 1.75 | &nbsp;&nbsp; 5-25-2043 | 1799912 | &nbsp;&nbsp; 1540875 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2013-49 Class AP | 1.75 | &nbsp;&nbsp; 5-25-2043 | 1321161 | &nbsp;&nbsp; 1108900 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2014-25 Class EL | 3.00 | &nbsp;&nbsp; 5-25-2044 | 1937883 | &nbsp;&nbsp; 1778226 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2014-74 Class FC (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 11-25-2044 | 1620513 | &nbsp;&nbsp; 1598514 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2015-26 Class GF (30 Day Average <br> U.S. SOFR+0.41%)±<br>| 4.76 | &nbsp;&nbsp; 5-25-2045 | 2911972 | &nbsp;&nbsp; 2859852 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 7

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2015-32 Class FA (30 Day Average <br> U.S. SOFR+0.41%)±<br>| 4.76<br> %<br>| &nbsp;&nbsp; 5-25-2045 | $1828103 | &nbsp;&nbsp; $1780249 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2015-48 Class FB (30 Day Average <br> U.S. SOFR+0.41%)±<br>| 4.76 | &nbsp;&nbsp; 7-25-2045 | 2197403 | &nbsp;&nbsp; 2141168 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2015-72 Class GL | 3.00 | &nbsp;&nbsp; 10-25-2045 | 1638044 | &nbsp;&nbsp; 1409222 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2015-8 Class AP | 2.00 | &nbsp;&nbsp; 3-25-2045 | 3651132 | &nbsp;&nbsp; 3258189 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2015-84 Class PA | 1.70 | &nbsp;&nbsp; 8-25-2033 | 2761341 | &nbsp;&nbsp; 2581339 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-11 Class CF (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.81 | &nbsp;&nbsp; 3-25-2046 | 1099866 | &nbsp;&nbsp; 1087743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-11 Class FG (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.81 | &nbsp;&nbsp; 3-25-2046 | 1484854 | &nbsp;&nbsp; 1468373 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-19 Class FD (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 4-25-2046 | 6388410 | &nbsp;&nbsp; 6340385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-22 Class FA (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 4-25-2046 | 2839694 | &nbsp;&nbsp; 2811392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-22 Class FG (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 4-25-2046 | 2479686 | &nbsp;&nbsp; 2454340 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-48 Class MA | 2.00 | &nbsp;&nbsp; 6-25-2038 | 4846006 | &nbsp;&nbsp; 4505785 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-57 Class PC | 1.75 | &nbsp;&nbsp; 6-25-2046 | 11907194 | &nbsp;&nbsp; 10084644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-61 Class BF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 9-25-2046 | 703261 | &nbsp;&nbsp; 700329 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-64 Class BC | 1.75 | &nbsp;&nbsp; 9-25-2046 | 2760918 | &nbsp;&nbsp; 2566562 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2016-64 Class PE | 2.50 | &nbsp;&nbsp; 9-25-2046 | 1911000 | &nbsp;&nbsp; 1434713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-69 Class BF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 10-25-2046 | 2292411 | &nbsp;&nbsp; 2273127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-75 Class FE (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 10-25-2046 | 1758761 | &nbsp;&nbsp; 1744902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-78 Class FA (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 3-25-2044 | 1148721 | &nbsp;&nbsp; 1136607 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-79 Class FH (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 11-25-2046 | 1755006 | &nbsp;&nbsp; 1740935 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-82 Class FE (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 11-25-2046 | 3911141 | &nbsp;&nbsp; 3881232 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-82 Class FH (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 11-25-2046 | 3590254 | &nbsp;&nbsp; 3555808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-84 Class FB (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 11-25-2046 | 1716886 | &nbsp;&nbsp; 1699869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-86 Class FE (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 11-25-2046 | 4484187 | &nbsp;&nbsp; 4438994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-88 Class CF (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.91 | &nbsp;&nbsp; 12-25-2046 | 3023178 | &nbsp;&nbsp; 2999800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2016-91 Class AF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 12-25-2046 | 1593664 | &nbsp;&nbsp; 1582892 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-11 Class FA (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 3-25-2047 | 743216 | &nbsp;&nbsp; 738571 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-113 Class FB (30 Day Average <br> U.S. SOFR+0.36%)±<br>| 4.71 | &nbsp;&nbsp; 1-25-2048 | 743255 | &nbsp;&nbsp; 735610 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-12 Class FD (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 3-25-2047 | 1762955 | &nbsp;&nbsp; 1748249 |

---

See accompanying notes to portfolio of investments

8 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA Series 2017-13 Class PA | 3.00<br> %<br>| &nbsp;&nbsp; 8-25-2046 | $1616164 | &nbsp;&nbsp; $1514222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-23 Class FA (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 4-25-2047 | 1977418 | &nbsp;&nbsp; 1959270 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2017-24 Class PG | 2.63 | &nbsp;&nbsp; 4-25-2047 | 6697033 | &nbsp;&nbsp; 5809663 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-26 Class FA (30 Day Average <br> U.S. SOFR+0.46%)±<br>| 4.81 | &nbsp;&nbsp; 4-25-2047 | 4567104 | &nbsp;&nbsp; 4526743 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2017-35 Class MC | 2.63 | &nbsp;&nbsp; 12-25-2044 | 1485977 | &nbsp;&nbsp; 1433190 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-82 Class FE (30 Day Average <br> U.S. SOFR+0.36%)±<br>| 4.71 | &nbsp;&nbsp; 10-25-2047 | 1701210 | &nbsp;&nbsp; 1697411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-9 Class BF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 3-25-2047 | 2110900 | &nbsp;&nbsp; 2093371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-9 Class DF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 3-25-2047 | 1538581 | &nbsp;&nbsp; 1525905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-9 Class EF (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 3-25-2047 | 828361 | &nbsp;&nbsp; 823626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2017-96 Class FB (30 Day Average <br> U.S. SOFR+0.41%)±<br>| 4.76 | &nbsp;&nbsp; 12-25-2047 | 2867092 | &nbsp;&nbsp; 2824825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2018-1 Class FA (30 Day Average <br> U.S. SOFR+0.36%)±<br>| 4.71 | &nbsp;&nbsp; 2-25-2048 | 1237707 | &nbsp;&nbsp; 1222103 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-14 Class KC | 3.00 | &nbsp;&nbsp; 3-25-2048 | 1836247 | &nbsp;&nbsp; 1744206 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2018-36 Class FD (30 Day Average <br> U.S. SOFR+0.36%)±<br>| 4.71 | &nbsp;&nbsp; 6-25-2048 | 3717460 | &nbsp;&nbsp; 3676346 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-38 Class MA | 3.30 | &nbsp;&nbsp; 6-25-2048 | 2973605 | &nbsp;&nbsp; 2812643 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-45 Class TM | 3.00 | &nbsp;&nbsp; 6-25-2048 | 2500721 | &nbsp;&nbsp; 2246736 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-55 Class GA | 3.38 | &nbsp;&nbsp; 8-25-2048 | 2345913 | &nbsp;&nbsp; 2216711 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-64 Class A | 3.00 | &nbsp;&nbsp; 9-25-2048 | 2124424 | &nbsp;&nbsp; 1847378 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2018-85 Class EA | 3.50 | &nbsp;&nbsp; 12-25-2048 | 1528799 | &nbsp;&nbsp; 1475920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2018-86 Class AF (30 Day Average <br> U.S. SOFR+0.41%)±<br>| 4.76 | &nbsp;&nbsp; 12-25-2048 | 601175 | &nbsp;&nbsp; 596310 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2019-13 Class PE | 3.00 | &nbsp;&nbsp; 3-25-2049 | 1524894 | &nbsp;&nbsp; 1369123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2019-15 Class FA (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.96 | &nbsp;&nbsp; 4-25-2049 | 1096516 | &nbsp;&nbsp; 1067246 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2019-25 Class PA | 3.00 | &nbsp;&nbsp; 5-25-2048 | 4197182 | &nbsp;&nbsp; 3897073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2019-41 Class FG (30 Day Average <br> U.S. SOFR+0.61%)±<br>| 4.96 | &nbsp;&nbsp; 8-25-2059 | 2977176 | &nbsp;&nbsp; 2893886 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2019-43 Class FC (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 8-25-2049 | 2132640 | &nbsp;&nbsp; 2090343 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2019-67 Class FB (30 Day Average <br> U.S. SOFR+0.56%)±<br>| 4.91 | &nbsp;&nbsp; 11-25-2049 | 1181737 | &nbsp;&nbsp; 1157636 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2019-81 Class LH | 3.00 | &nbsp;&nbsp; 12-25-2049 | 1909443 | &nbsp;&nbsp; 1702498 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2020-45 Class JL | 3.00 | &nbsp;&nbsp; 7-25-2040 | 3448817 | &nbsp;&nbsp; 3150684 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2020-48 Class AB | 2.00 | &nbsp;&nbsp; 7-25-2050 | 2692933 | &nbsp;&nbsp; 2298817 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2020-59 Class NC | 3.00 | &nbsp;&nbsp; 8-25-2040 | 2594775 | &nbsp;&nbsp; 2371644 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2021-27 Class EC | 1.50 | &nbsp;&nbsp; 5-25-2051 | 8004417 | &nbsp;&nbsp; 6402149 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2021-40 Class DW | 2.00 | &nbsp;&nbsp; 6-25-2041 | 650927 | &nbsp;&nbsp; 569946 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2021-42 Class AC | 2.00 | &nbsp;&nbsp; 2-25-2051 | 2421182 | &nbsp;&nbsp; 2090441 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2021-78 Class ND | 1.50 | &nbsp;&nbsp; 11-25-2051 | 4368963 | &nbsp;&nbsp; 3552179 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2021-84 Class MA | 2.00 | &nbsp;&nbsp; 10-25-2051 | 2795687 | &nbsp;&nbsp; 2284102 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 9

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA Series 2021-91 Class AB | 2.50<br> %<br>| &nbsp;&nbsp; 9-25-2049 | $2893667 | &nbsp;&nbsp; $2548765 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2021-95 Class CP | 1.50 | &nbsp;&nbsp; 8-25-2051 | 1531154 | &nbsp;&nbsp; 1287311 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2022-3 Class N | 2.00 | &nbsp;&nbsp; 10-25-2047 | 8650246 | &nbsp;&nbsp; 7632293 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2022-62 Class KA | 3.25 | &nbsp;&nbsp; 9-25-2052 | 1931209 | &nbsp;&nbsp; 1810072 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2022-89 Class AY | 3.00 | &nbsp;&nbsp; 2-25-2048 | 3870259 | &nbsp;&nbsp; 3308635 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2023-14 Class EJ | 2.75 | &nbsp;&nbsp; 4-25-2049 | 3107544 | &nbsp;&nbsp; 2867296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2023-37 Class FH (30 Day Average <br> U.S. SOFR+0.51%)±<br>| 4.86 | &nbsp;&nbsp; 1-25-2050 | 4784730 | &nbsp;&nbsp; 4703479 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2023-38 Class FC (30 Day Average <br> U.S. SOFR+0.66%)±<br>| 5.01 | &nbsp;&nbsp; 6-25-2040 | 3991098 | &nbsp;&nbsp; 3977869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FNMA Series 2023-38 Class FD (30 Day Average <br> U.S. SOFR+0.86%)±<br>| 5.17 | &nbsp;&nbsp; 10-25-2039 | 1289051 | &nbsp;&nbsp; 1281338 |
| &nbsp;&nbsp;&nbsp; FNMA Series 2024-64 Class KY | 3.00 | &nbsp;&nbsp; 12-25-2043 | 1950398 | &nbsp;&nbsp; 1630959 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 12-20-2037 | 3218550 | &nbsp;&nbsp; 2954612 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 6-20-2038 | 6045149 | &nbsp;&nbsp; 5541658 |
| &nbsp;&nbsp;&nbsp; GNMA | 2.50 | &nbsp;&nbsp; 7-20-2050 | 19579949 | &nbsp;&nbsp; 16208664 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 6-20-2043 | 3560212 | &nbsp;&nbsp; 3131403 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 8-20-2043 | 1078664 | &nbsp;&nbsp; 948743 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 11-15-2047 | 8878871 | &nbsp;&nbsp; 7960389 |
| &nbsp;&nbsp;&nbsp; GNMA | 3.00 | &nbsp;&nbsp; 10-20-2050 | 7598936 | &nbsp;&nbsp; 6624033 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.00 | &nbsp;&nbsp; 8-20-2052 | 41042441 | &nbsp;&nbsp; 38125013 |
| &nbsp;&nbsp;&nbsp; GNMA | 4.50 | &nbsp;&nbsp; 2-20-2049 | 2355026 | &nbsp;&nbsp; 2256235 |
| &nbsp;&nbsp;&nbsp; GNMA%% | 5.50 | &nbsp;&nbsp; 8-15-2054 | 44600000 | &nbsp;&nbsp; 44479626 |
| &nbsp;&nbsp;&nbsp; GNMA | 6.00 | &nbsp;&nbsp; 1-20-2053 | 3745418 | &nbsp;&nbsp; 3849790 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2010-163 Class NC | 4.00 | &nbsp;&nbsp; 12-20-2040 | 2342006 | &nbsp;&nbsp; 2317836 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2013-152 Class HA | 2.50 | &nbsp;&nbsp; 6-20-2043 | 2592071 | &nbsp;&nbsp; 2386165 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2014-133 Class BP | 2.25 | &nbsp;&nbsp; 9-20-2044 | 2220042 | &nbsp;&nbsp; 1984037 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2014-149 Class KP | 2.25 | &nbsp;&nbsp; 7-16-2044 | 1912242 | &nbsp;&nbsp; 1744991 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2014-181 Class L | 3.00 | &nbsp;&nbsp; 12-20-2044 | 1840005 | &nbsp;&nbsp; 1657687 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2015-144 Class CA | 2.50 | &nbsp;&nbsp; 10-20-2045 | 2784523 | &nbsp;&nbsp; 2443899 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2016-136 Class A | 3.00 | &nbsp;&nbsp; 7-20-2044 | 1766911 | &nbsp;&nbsp; 1584886 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2016-93 Class AB | 1.75 | &nbsp;&nbsp; 7-20-2044 | 3525911 | &nbsp;&nbsp; 2891719 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2016-99 Class TL | 2.00 | &nbsp;&nbsp; 4-16-2044 | 5123755 | &nbsp;&nbsp; 4216329 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2017-139 Class GA | 3.00 | &nbsp;&nbsp; 9-20-2047 | 6412297 | &nbsp;&nbsp; 5769663 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2017-167 Class BQ | 2.50 | &nbsp;&nbsp; 8-20-2044 | 1951162 | &nbsp;&nbsp; 1826181 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2018-65 Class DC | 3.50 | &nbsp;&nbsp; 5-20-2048 | 2433839 | &nbsp;&nbsp; 2235169 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2020-63 Class UD | 1.75 | &nbsp;&nbsp; 4-20-2050 | 1992342 | &nbsp;&nbsp; 1631515 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-105 Class P | 1.75 | &nbsp;&nbsp; 6-20-2051 | 9788875 | &nbsp;&nbsp; 7850158 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-107 Class DB | 1.75 | &nbsp;&nbsp; 4-20-2051 | 9129270 | &nbsp;&nbsp; 7327865 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-135 Class A | 2.00 | &nbsp;&nbsp; 8-20-2051 | 2245939 | &nbsp;&nbsp; 1812055 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-160 Class NE | 2.00 | &nbsp;&nbsp; 9-20-2051 | 17143231 | &nbsp;&nbsp; 14429097 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-215 Class GA | 2.00 | &nbsp;&nbsp; 12-20-2051 | 14762454 | &nbsp;&nbsp; 12731656 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-225 Class YC | 2.00 | &nbsp;&nbsp; 12-20-2051 | 1785350 | &nbsp;&nbsp; 1480450 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-24 Class BC | 1.25 | &nbsp;&nbsp; 2-20-2051 | 3705722 | &nbsp;&nbsp; 2845502 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-27 Class BD | 5.00 | &nbsp;&nbsp; 2-20-2051 | 2160099 | &nbsp;&nbsp; 2127491 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-27 Class CW±± | 5.00 | &nbsp;&nbsp; 2-20-2051 | 1342009 | &nbsp;&nbsp; 1321878 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-27 Class NT | 5.00 | &nbsp;&nbsp; 2-20-2051 | 2434540 | &nbsp;&nbsp; 2373011 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-27 Class Q | 5.00 | &nbsp;&nbsp; 2-20-2051 | 2163870 | &nbsp;&nbsp; 2130471 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-8 Class CY | 5.00<br> %<br>| &nbsp;&nbsp; 1-20-2051 | $778201 | &nbsp;&nbsp; $766093 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-89 Class LK | 2.00 | &nbsp;&nbsp; 5-20-2051 | 5363917 | &nbsp;&nbsp; 4543233 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2021-97 Class QK | 2.00 | &nbsp;&nbsp; 6-20-2051 | 12955614 | &nbsp;&nbsp; 10579295 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-107 Class C | 2.50 | &nbsp;&nbsp; 6-20-2051 | 9955565 | &nbsp;&nbsp; 8143262 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-138 Class PT | 2.50 | &nbsp;&nbsp; 10-20-2051 | 14448092 | &nbsp;&nbsp; 11885402 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-153 Class KA | 4.00 | &nbsp;&nbsp; 12-20-2049 | 2606159 | &nbsp;&nbsp; 2550720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GNMA Series 2022-197 Class LF (30 Day Average <br> U.S. SOFR+0.70%)±<br>| 5.05 | &nbsp;&nbsp; 11-20-2052 | 9335444 | &nbsp;&nbsp; 9225203 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-205 Class A | 2.00 | &nbsp;&nbsp; 9-20-2051 | 3730816 | &nbsp;&nbsp; 2984878 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-24 Class AH | 2.50 | &nbsp;&nbsp; 2-20-2052 | 964659 | &nbsp;&nbsp; 813233 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-31 Class GH | 2.50 | &nbsp;&nbsp; 12-20-2049 | 6179937 | &nbsp;&nbsp; 5532224 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-34 Class DN | 3.50 | &nbsp;&nbsp; 9-20-2041 | 5132423 | &nbsp;&nbsp; 4796436 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-46 Class LY | 3.00 | &nbsp;&nbsp; 3-20-2052 | 1342000 | &nbsp;&nbsp; 1094663 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-5 Class BA | 2.00 | &nbsp;&nbsp; 10-20-2049 | 12519561 | &nbsp;&nbsp; 10490826 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-50 Class CA | 3.00 | &nbsp;&nbsp; 3-20-2052 | 9804879 | &nbsp;&nbsp; 8690513 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-66 Class CG | 3.50 | &nbsp;&nbsp; 4-20-2052 | 5777798 | &nbsp;&nbsp; 5470321 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-78 Class HW | 2.50 | &nbsp;&nbsp; 4-20-2052 | 2260000 | &nbsp;&nbsp; 1734844 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-84 Class A | 2.50 | &nbsp;&nbsp; 1-20-2052 | 3532936 | &nbsp;&nbsp; 2941345 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2022-9 Class GA | 2.00 | &nbsp;&nbsp; 1-20-2052 | 2598787 | &nbsp;&nbsp; 2118791 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2023-196 Class E | 3.00 | &nbsp;&nbsp; 9-20-2048 | 3357084 | &nbsp;&nbsp; 3171323 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2023-81 Class YJ | 3.50 | &nbsp;&nbsp; 6-20-2053 | 13331906 | &nbsp;&nbsp; 11303323 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2024-110 Class JC | 3.00 | &nbsp;&nbsp; 9-20-2047 | 16961530 | &nbsp;&nbsp; 15905668 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2024-110 Class JL | 3.00 | &nbsp;&nbsp; 10-20-2049 | 3616000 | &nbsp;&nbsp; 3053538 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2024-184 Class GC | 3.50 | &nbsp;&nbsp; 10-20-2051 | 21059465 | &nbsp;&nbsp; 19998712 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2024-45 Class BD | 2.00 | &nbsp;&nbsp; 3-20-2054 | 2303784 | &nbsp;&nbsp; 2100225 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2025-1 Class GC | 3.50 | &nbsp;&nbsp; 10-20-2051 | 42928922 | &nbsp;&nbsp; 40736481 |
| &nbsp;&nbsp;&nbsp; GNMA Series 2025-7 Class EL | 2.50 | &nbsp;&nbsp; 1-20-2055 | 1551252 | &nbsp;&nbsp; 1091640 |
| **Total agency securities (Cost $2,309,459,320)** |  |  |  | &nbsp;&nbsp; **2278842814** |
| **Asset-backed securities: 8.73%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ally Auto Receivables Trust Series 2022-3 Class A4 | 5.07 | &nbsp;&nbsp; 10-16-2028 | 1860000 | &nbsp;&nbsp; 1866939 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Credit Account Master Trust Series 2023-4 <br> Class A<br>| 5.15 | &nbsp;&nbsp; 9-15-2030 | 11700000 | &nbsp;&nbsp; 12043569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Credit Account Master Trust Series 2025-2 <br> Class A<br>| 4.28 | &nbsp;&nbsp; 4-15-2030 | 15422000 | &nbsp;&nbsp; 15467177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Credit Account Master Trust Series 2025-4 <br> Class A<br>| 4.30 | &nbsp;&nbsp; 7-15-2030 | 17801000 | &nbsp;&nbsp; 17872774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; American Express Credit Account Master Trust Series 2025-5 <br> Class A<br>| 4.51 | &nbsp;&nbsp; 7-15-2032 | 24278000 | &nbsp;&nbsp; 24459883 |
| &nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust Series 2022-2 Class A3 | 4.38 | &nbsp;&nbsp; 4-18-2028 | 184728 | &nbsp;&nbsp; 184701 |
| &nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust Series 2023-1 Class A3 | 5.62 | &nbsp;&nbsp; 11-18-2027 | 1157472 | &nbsp;&nbsp; 1161122 |
| &nbsp;&nbsp;&nbsp; AmeriCredit Automobile Receivables Trust Series 2023-2 Class A3 | 5.81 | &nbsp;&nbsp; 5-18-2028 | 3502000 | &nbsp;&nbsp; 3526890 |
| &nbsp;&nbsp;&nbsp; AutoNation Finance Trust Series 2025-1A Class A3144A | 4.62 | &nbsp;&nbsp; 11-13-2029 | 3562000 | &nbsp;&nbsp; 3575142 |
| &nbsp;&nbsp;&nbsp; AutoNation Finance Trust Series 2025-1A Class A4144A | 4.76 | &nbsp;&nbsp; 6-10-2030 | 1851000 | &nbsp;&nbsp; 1861903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding AESOP LLC Series 2025-2A <br> Class A144A<br>| 5.12 | &nbsp;&nbsp; 8-20-2031 | 3608000 | &nbsp;&nbsp; 3661037 |
| &nbsp;&nbsp;&nbsp; BA Credit Card Trust Series 2025-A1 Class A | 4.31 | &nbsp;&nbsp; 5-15-2030 | 10844000 | &nbsp;&nbsp; 10883743 |
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust Series 2025-2 Class A3 | 4.48 | &nbsp;&nbsp; 3-15-2030 | 8378000 | &nbsp;&nbsp; 8403323 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 11

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust Series 2025-3 Class A3 | 4.35<br> %<br>| &nbsp;&nbsp; 7-15-2030 | $5835000 | &nbsp;&nbsp; $5845116 |
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust Series 2025-3 Class A4 | 4.47 | &nbsp;&nbsp; 1-15-2031 | 3360000 | &nbsp;&nbsp; 3371922 |
| &nbsp;&nbsp;&nbsp; Chase Auto Owner Trust Series 2022-AA Class A4144A | 3.99 | &nbsp;&nbsp; 3-27-2028 | 2419000 | &nbsp;&nbsp; 2408021 |
| &nbsp;&nbsp;&nbsp; Chase Issuance Trust Series 2024-A2 Class A | 4.72 | &nbsp;&nbsp; 1-15-2031 | 18516000 | &nbsp;&nbsp; 18776024 |
| &nbsp;&nbsp;&nbsp; Chase Issuance Trust Series 2025-A1 Class A | 4.16 | &nbsp;&nbsp; 7-15-2030 | 4508000 | &nbsp;&nbsp; 4502615 |
| &nbsp;&nbsp;&nbsp; Citibank Credit Card Issuance Trust Series 2025-A1 Class A | 4.30 | &nbsp;&nbsp; 6-21-2030 | 9013000 | &nbsp;&nbsp; 9019443 |
| &nbsp;&nbsp;&nbsp; Citibank Credit Card Issuance Trust Series 2025-A2 Class A | 4.49 | &nbsp;&nbsp; 6-21-2032 | 6285000 | &nbsp;&nbsp; 6322575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; College Avenue Student Loans LLC Series 2017-A Class A1 <br> (U.S. SOFR 1 Month+1.76%)144A±<br>| 6.12 | &nbsp;&nbsp; 11-26-2046 | 837157 | &nbsp;&nbsp; 843737 |
| &nbsp;&nbsp;&nbsp; College Avenue Student Loans LLC Series 2018-A Class A2144A | 4.13 | &nbsp;&nbsp; 12-26-2047 | 746148 | &nbsp;&nbsp; 726199 |
| &nbsp;&nbsp;&nbsp; College Avenue Student Loans LLC Series 2019-A Class A2144A | 3.28 | &nbsp;&nbsp; 12-28-2048 | 1319780 | &nbsp;&nbsp; 1256294 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Lease Trust Series 2024-A Class A4 | 5.05 | &nbsp;&nbsp; 6-15-2027 | 1926000 | &nbsp;&nbsp; 1934735 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust Series 2022-1 Class A144A | 3.88 | &nbsp;&nbsp; 11-15-2034 | 6732000 | &nbsp;&nbsp; 6674859 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust Series 2022-D Class A4 | 5.30 | &nbsp;&nbsp; 3-15-2028 | 1673000 | &nbsp;&nbsp; 1685720 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust Series 2024-D Class A3 | 4.61 | &nbsp;&nbsp; 8-15-2029 | 1992000 | &nbsp;&nbsp; 2003849 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust Series 2025-1 Class A144A±± | 4.86 | &nbsp;&nbsp; 8-15-2037 | 10711000 | &nbsp;&nbsp; 10873906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust A Series 2024-3 <br> Class A1144A<br>| 4.30 | &nbsp;&nbsp; 9-15-2029 | 10451000 | &nbsp;&nbsp; 10427763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust A Series 2024-4 <br> Class A144A<br>| 4.40 | &nbsp;&nbsp; 9-15-2031 | 5075000 | &nbsp;&nbsp; 5065538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust A Series 2025-1 <br> Class A1<br>| 4.63 | &nbsp;&nbsp; 4-15-2030 | 8809000 | &nbsp;&nbsp; 8870461 |
| &nbsp;&nbsp;&nbsp; GM Financial Automobile Leasing Trust Series 2023-3 Class A4 | 5.44 | &nbsp;&nbsp; 8-20-2027 | 1557000 | &nbsp;&nbsp; 1561912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust Series 2024-1 <br> Class A144A<br>| 4.98 | &nbsp;&nbsp; 12-11-2036 | 1441000 | &nbsp;&nbsp; 1469028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust Series 2024-2 <br> Class A144A<br>| 4.52 | &nbsp;&nbsp; 3-11-2037 | 2817000 | &nbsp;&nbsp; 2826649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust Series 2025-1 <br> Class A144A<br>| 4.64 | &nbsp;&nbsp; 12-11-2037 | 15030000 | &nbsp;&nbsp; 15155222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMF Floorplan Owner Revolving Trust Series 2024-4A <br> Class A1144A<br>| 4.73 | &nbsp;&nbsp; 11-15-2029 | 6751000 | &nbsp;&nbsp; 6804795 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GMF Floorplan Owner Revolving Trust Series 2025-2A <br> Class A144A<br>| 4.64 | &nbsp;&nbsp; 3-15-2030 | 9195000 | &nbsp;&nbsp; 9257026 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Auto Lease Securitization Trust Series 2025-B <br> Class A3144A<br>| 4.53 | &nbsp;&nbsp; 4-17-2028 | 6992000 | &nbsp;&nbsp; 7009735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Auto Lease Securitization Trust Series 2025-C <br> Class A3144A<br>| 4.36 | &nbsp;&nbsp; 7-17-2028 | 4992000 | &nbsp;&nbsp; 4985070 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Receivables Trust Series 2022-A Class A3 | 2.22 | &nbsp;&nbsp; 10-15-2026 | 147011 | &nbsp;&nbsp; 146853 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Receivables Trust Series 2022-A Class A4 | 2.35 | &nbsp;&nbsp; 4-17-2028 | 1708000 | &nbsp;&nbsp; 1695749 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Receivables Trust Series 2023-A Class A4 | 4.48 | &nbsp;&nbsp; 7-17-2028 | 3320000 | &nbsp;&nbsp; 3320958 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Receivables Trust Series 2023-B Class A3 | 5.48 | &nbsp;&nbsp; 4-17-2028 | 1621095 | &nbsp;&nbsp; 1631019 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Auto Lease Trust Series 2025-A Class A3 | 4.61 | &nbsp;&nbsp; 4-16-2029 | 7656000 | &nbsp;&nbsp; 7706376 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Auto Receivables Trust Series 2022-1 Class A4 | 5.25 | &nbsp;&nbsp; 2-15-2029 | 3874000 | &nbsp;&nbsp; 3908568 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Auto Receivables Trust Series 2025-1 Class A3 | 4.78 | &nbsp;&nbsp; 12-17-2029 | 3988000 | &nbsp;&nbsp; 4025084 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2018-DA <br> Class A2A144A<br>| 4.00 | &nbsp;&nbsp; 12-15-2059 | 1328131 | &nbsp;&nbsp; 1312447 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2019-A <br> Class A2A144A<br>| 3.42 | &nbsp;&nbsp; 1-15-2043 | 669093 | &nbsp;&nbsp; 664692 |

---

See accompanying notes to portfolio of investments

12 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2019-CA <br> Class A2144A<br>| 3.13<br> %<br>| &nbsp;&nbsp; 2-15-2068 | $835270 | &nbsp;&nbsp; $821677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2019-D <br> Class A2A144A<br>| 3.01 | &nbsp;&nbsp; 12-15-2059 | 3428652 | &nbsp;&nbsp; 3315881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2019-FA <br> Class A2144A<br>| 2.60 | &nbsp;&nbsp; 8-15-2068 | 1730270 | &nbsp;&nbsp; 1659560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2020-GA <br> Class A144A<br>| 1.17 | &nbsp;&nbsp; 9-16-2069 | 2058139 | &nbsp;&nbsp; 1909634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2021-BA <br> Class A144A<br>| 0.94 | &nbsp;&nbsp; 7-15-2069 | 822041 | &nbsp;&nbsp; 745963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2021-CA <br> Class A144A<br>| 1.06 | &nbsp;&nbsp; 10-15-2069 | 3504389 | &nbsp;&nbsp; 3173716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2021-EA <br> Class A144A<br>| 0.97 | &nbsp;&nbsp; 12-16-2069 | 7284635 | &nbsp;&nbsp; 6502586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2021-FA <br> Class A144A<br>| 1.11 | &nbsp;&nbsp; 2-18-2070 | 3309882 | &nbsp;&nbsp; 2919392 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Navient Private Education Refinance Loan Trust Series 2022-A <br> Class A144A<br>| 2.23 | &nbsp;&nbsp; 7-15-2070 | 2461858 | &nbsp;&nbsp; 2243808 |
| &nbsp;&nbsp;&nbsp; Navient Student Loan Trust Series 2021-3A Class A1A144A | 1.77 | &nbsp;&nbsp; 8-25-2070 | 3373604 | &nbsp;&nbsp; 2933330 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nelnet Student Loan Trust Series 2004-4 Class A5 (90 Day Average <br> U.S. SOFR+0.42%)±<br>| 4.76 | &nbsp;&nbsp; 1-25-2037 | 1097042 | &nbsp;&nbsp; 1093763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nelnet Student Loan Trust Series 2005-1 Class A5 (90 Day Average <br> U.S. SOFR+0.37%)±<br>| 4.71 | &nbsp;&nbsp; 10-25-2033 | 4676890 | &nbsp;&nbsp; 4627224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nelnet Student Loan Trust Series 2005-2 Class A5 (90 Day Average <br> U.S. SOFR+0.36%)±<br>| 4.70 | &nbsp;&nbsp; 3-23-2037 | 4463649 | &nbsp;&nbsp; 4421121 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nelnet Student Loan Trust Series 2005-3 Class A5 (90 Day Average <br> U.S. SOFR+0.38%)±<br>| 4.72 | &nbsp;&nbsp; 12-24-2035 | 3257173 | &nbsp;&nbsp; 3230272 |
| &nbsp;&nbsp;&nbsp; Nissan Auto Receivables Owner Trust Series 2022-B Class A4 | 4.45 | &nbsp;&nbsp; 11-15-2029 | 2437000 | &nbsp;&nbsp; 2436317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PenFed Auto Receivables Owner Trust Series 2022-A <br> Class A4144A<br>| 4.18 | &nbsp;&nbsp; 12-15-2028 | 710234 | &nbsp;&nbsp; 709436 |
| &nbsp;&nbsp;&nbsp; Santander Drive Auto Receivables Trust Series 2024-3 Class A3 | 5.63 | &nbsp;&nbsp; 1-16-2029 | 4490000 | &nbsp;&nbsp; 4510665 |
| &nbsp;&nbsp;&nbsp; Santander Drive Auto Receivables Trust Series 2025-2 Class A3 | 4.67 | &nbsp;&nbsp; 8-15-2029 | 4443000 | &nbsp;&nbsp; 4454978 |
| &nbsp;&nbsp;&nbsp; Santander Drive Auto Receivables Trust Series 2025-3 Class A3 | 4.38 | &nbsp;&nbsp; 1-15-2030 | 5432000 | &nbsp;&nbsp; 5432862 |
| &nbsp;&nbsp;&nbsp; SBNA Auto Lease Trust Series 2024-C Class A4144A | 4.42 | &nbsp;&nbsp; 3-20-2029 | 2530000 | &nbsp;&nbsp; 2518825 |
| &nbsp;&nbsp;&nbsp; SBNA Auto Receivables Trust Series 2024-A Class A4144A | 5.21 | &nbsp;&nbsp; 4-16-2029 | 1116000 | &nbsp;&nbsp; 1123758 |
| &nbsp;&nbsp;&nbsp; SBNA Auto Receivables Trust Series 2024-A Class A3144A | 5.32 | &nbsp;&nbsp; 12-15-2028 | 2009072 | &nbsp;&nbsp; 2014971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFS Auto Receivables Securitization Trust Series 2024-1A <br> Class A4144A<br>| 4.94 | &nbsp;&nbsp; 1-21-2031 | 971000 | &nbsp;&nbsp; 980060 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFS Auto Receivables Securitization Trust Series 2024-1A <br> Class A3144A<br>| 4.95 | &nbsp;&nbsp; 5-21-2029 | 5724000 | &nbsp;&nbsp; 5743749 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFS Auto Receivables Securitization Trust Series 2024-2A <br> Class A3144A<br>| 5.33 | &nbsp;&nbsp; 11-20-2029 | 3687000 | &nbsp;&nbsp; 3723045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SFS Auto Receivables Securitization Trust Series 2025-2A <br> Class A4144A<br>| 4.58 | &nbsp;&nbsp; 5-20-2031 | 3337000 | &nbsp;&nbsp; 3357030 |
| &nbsp;&nbsp;&nbsp; SMB Private Education Loan Trust Series 2021-A Class APT1144A | 1.07 | &nbsp;&nbsp; 1-15-2053 | 4463889 | &nbsp;&nbsp; 4039545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SoFi Professional Loan Program LLC Series 2021-B <br> Class AFX144A<br>| 1.14 | &nbsp;&nbsp; 2-15-2047 | 2524750 | &nbsp;&nbsp; 2186700 |
| &nbsp;&nbsp;&nbsp; Synchrony Card Funding LLC Series 2025-A2 Class A | 4.49 | &nbsp;&nbsp; 5-15-2031 | 11914000 | &nbsp;&nbsp; 11972416 |
| &nbsp;&nbsp;&nbsp; Synchrony Card Issuance Trust Series 2025-A1 Class A | 4.78 | &nbsp;&nbsp; 2-15-2031 | 5781000 | &nbsp;&nbsp; 5841187 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 13

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; T-Mobile U.S. Trust Series 2022-1A Class A144A | 4.91<br> %<br>| &nbsp;&nbsp; 5-22-2028 | $734110 | &nbsp;&nbsp; $734303 |
| &nbsp;&nbsp;&nbsp; T-Mobile U.S. Trust Series 2024-2A Class A144A | 4.25 | &nbsp;&nbsp; 5-21-2029 | 4740000 | &nbsp;&nbsp; 4728758 |
| &nbsp;&nbsp;&nbsp; T-Mobile U.S. Trust Series 2025-1A Class A144A | 4.74 | &nbsp;&nbsp; 11-20-2029 | 4502000 | &nbsp;&nbsp; 4528230 |
| &nbsp;&nbsp;&nbsp; T-Mobile U.S. Trust Series 2025-2A Class A144A%% | 4.34 | &nbsp;&nbsp; 4-22-2030 | 3720000 | &nbsp;&nbsp; 3717671 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Toyota Auto Loan Extended Note Trust Series 2025-1A <br> Class A144A<br>| 4.65 | &nbsp;&nbsp; 5-25-2038 | 4517000 | &nbsp;&nbsp; 4554276 |
| &nbsp;&nbsp;&nbsp; Toyota Auto Receivables Owner Trust Series 2022-D Class A4 | 5.43 | &nbsp;&nbsp; 4-17-2028 | 2132000 | &nbsp;&nbsp; 2162276 |
| &nbsp;&nbsp;&nbsp; Toyota Auto Receivables Owner Trust Series 2025-B Class A3 | 4.34 | &nbsp;&nbsp; 11-15-2029 | 924000 | &nbsp;&nbsp; 926274 |
| &nbsp;&nbsp;&nbsp; USB Auto Owner Trust Series 2025-1A Class A3144A | 4.49 | &nbsp;&nbsp; 6-17-2030 | 4075000 | &nbsp;&nbsp; 4074552 |
| &nbsp;&nbsp;&nbsp; USB Auto Owner Trust Series 2025-1A Class A4144A | 4.62 | &nbsp;&nbsp; 12-16-2030 | 1218000 | &nbsp;&nbsp; 1225266 |
| &nbsp;&nbsp;&nbsp; Verizon Master Trust Series 2023-4 Class A1A | 5.16 | &nbsp;&nbsp; 6-20-2029 | 11813000 | &nbsp;&nbsp; 11891481 |
| &nbsp;&nbsp;&nbsp; Verizon Master Trust Series 2024-7 Class A144A | 4.35 | &nbsp;&nbsp; 8-20-2032 | 8142000 | &nbsp;&nbsp; 8104706 |
| &nbsp;&nbsp;&nbsp; Verizon Master Trust Series 2025-2 Class A144A | 4.94 | &nbsp;&nbsp; 1-20-2033 | 10359000 | &nbsp;&nbsp; 10541010 |
| &nbsp;&nbsp;&nbsp; Verizon Master Trust Series 2025-3 Class A1A | 4.51 | &nbsp;&nbsp; 3-20-2030 | 9454000 | &nbsp;&nbsp; 9460474 |
| &nbsp;&nbsp;&nbsp; Verizon Master Trust Series 2025-4 Class A144A | 4.76 | &nbsp;&nbsp; 3-21-2033 | 9454000 | &nbsp;&nbsp; 9531981 |
| &nbsp;&nbsp;&nbsp; Volkswagen Auto Loan Enhanced Trust Series 2024-1 Class A3 | 4.63 | &nbsp;&nbsp; 7-20-2029 | 2622000 | &nbsp;&nbsp; 2636761 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; World Financial Network Credit Card Master Trust Series 2024-A <br> Class A<br>| 5.47 | &nbsp;&nbsp; 2-15-2031 | 1339000 | &nbsp;&nbsp; 1361938 |
| **Total asset-backed securities (Cost $461,181,650)** |  |  |  | &nbsp;&nbsp; **459881591** |
| **Corporate bonds and notes: 20.34%** |  |  |  |  |
| **Basic materials: 0.23%** |  |  |  |  |
| **Chemicals: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dow Chemical Co. | 5.35 | &nbsp;&nbsp; 3-15-2035 | 3132000 | &nbsp;&nbsp; **3064395** |
| **Mining: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC144A | 5.63 | &nbsp;&nbsp; 4-4-2034 | 2086000 | &nbsp;&nbsp; 2126814 |
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC144A | 5.67 | &nbsp;&nbsp; 4-1-2035 | 4867000 | &nbsp;&nbsp; 4949661 |
| &nbsp;&nbsp;&nbsp; Glencore Funding LLC144A | 6.14 | &nbsp;&nbsp; 4-1-2055 | 1825000 | &nbsp;&nbsp; 1848671 |
|  |  |  |  | &nbsp;&nbsp; **8925146** |
| **Communications: 1.25%** |  |  |  |  |
| **Internet: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. | 4.00 | &nbsp;&nbsp; 5-15-2030 | 3344000 | &nbsp;&nbsp; 3333751 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. | 4.50 | &nbsp;&nbsp; 5-15-2035 | 7255000 | &nbsp;&nbsp; 7119331 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. | 5.25 | &nbsp;&nbsp; 5-15-2055 | 2548000 | &nbsp;&nbsp; 2500106 |
| &nbsp;&nbsp;&nbsp; Alphabet, Inc. | 5.30 | &nbsp;&nbsp; 5-15-2065 | 2548000 | &nbsp;&nbsp; 2474142 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | 5.40 | &nbsp;&nbsp; 8-15-2054 | 1025000 | &nbsp;&nbsp; 990475 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | 5.55 | &nbsp;&nbsp; 8-15-2064 | 4922000 | &nbsp;&nbsp; 4775220 |
| &nbsp;&nbsp;&nbsp; Netflix, Inc. | 5.40 | &nbsp;&nbsp; 8-15-2054 | 2269000 | &nbsp;&nbsp; 2222117 |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc. | 4.80 | &nbsp;&nbsp; 9-15-2034 | 4554000 | &nbsp;&nbsp; 4473066 |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc. | 5.35 | &nbsp;&nbsp; 9-15-2054 | 2136000 | &nbsp;&nbsp; 1995374 |
|  |  |  |  | &nbsp;&nbsp; **29883582** |
| **Media: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 3.50 | &nbsp;&nbsp; 6-1-2041 | 912000 | &nbsp;&nbsp; 649764 |

---

See accompanying notes to portfolio of investments

14 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Media**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 3.50<br> %<br>| &nbsp;&nbsp; 3-1-2042 | $4455000 | &nbsp;&nbsp; $3134389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 3.90 | &nbsp;&nbsp; 6-1-2052 | 1294000 | &nbsp;&nbsp; 857890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 5.25 | &nbsp;&nbsp; 4-1-2053 | 2180000 | &nbsp;&nbsp; 1797440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 5.50 | &nbsp;&nbsp; 4-1-2063 | 928000 | &nbsp;&nbsp; 759531 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 6.10 | &nbsp;&nbsp; 6-1-2029 | 4657000 | &nbsp;&nbsp; 4857986 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 2.99 | &nbsp;&nbsp; 11-1-2063 | 1985000 | &nbsp;&nbsp; 1106461 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 4.05 | &nbsp;&nbsp; 11-1-2052 | 1710000 | &nbsp;&nbsp; 1272147 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 5.35 | &nbsp;&nbsp; 5-15-2053 | 2876000 | &nbsp;&nbsp; 2639614 |
|  |  |  |  | &nbsp;&nbsp; **17075222** |
| **Telecommunications: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 3.50 | &nbsp;&nbsp; 6-1-2041 | 1695000 | &nbsp;&nbsp; 1325541 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 3.50 | &nbsp;&nbsp; 9-15-2053 | 2630000 | &nbsp;&nbsp; 1771811 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 3.55 | &nbsp;&nbsp; 9-15-2055 | 2626000 | &nbsp;&nbsp; 1760638 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 3.65 | &nbsp;&nbsp; 9-15-2059 | 1661000 | &nbsp;&nbsp; 1104732 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 3.80 | &nbsp;&nbsp; 12-1-2057 | 2313000 | &nbsp;&nbsp; 1606763 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | 5.30 | &nbsp;&nbsp; 5-15-2035 | 3105000 | &nbsp;&nbsp; 3128851 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | 5.88 | &nbsp;&nbsp; 11-15-2055 | 1857000 | &nbsp;&nbsp; 1851639 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 2.99 | &nbsp;&nbsp; 10-30-2056 | 2659000 | &nbsp;&nbsp; 1594591 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 5.25 | &nbsp;&nbsp; 4-2-2035 | 4644000 | &nbsp;&nbsp; 4662691 |
|  |  |  |  | &nbsp;&nbsp; **18807257** |
| **Consumer, cyclical: 1.40%** |  |  |  |  |
| **Airlines: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | 4.95 | &nbsp;&nbsp; 7-10-2028 | 7194000 | &nbsp;&nbsp; 7225913 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc. | 5.25 | &nbsp;&nbsp; 7-10-2030 | 8093000 | &nbsp;&nbsp; 8169267 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc./SkyMiles IP Ltd.144A | 4.75 | &nbsp;&nbsp; 10-20-2028 | 5823000 | &nbsp;&nbsp; 5826577 |
|  |  |  |  | &nbsp;&nbsp; **21221757** |
| **Auto manufacturers: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 2.90 | &nbsp;&nbsp; 2-10-2029 | 11467000 | &nbsp;&nbsp; 10438512 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | 2.70 | &nbsp;&nbsp; 6-10-2031 | 6739000 | &nbsp;&nbsp; 5910118 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America144A | 5.15 | &nbsp;&nbsp; 3-27-2030 | 2648000 | &nbsp;&nbsp; 2678106 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp. | 4.80 | &nbsp;&nbsp; 5-15-2030 | 2972000 | &nbsp;&nbsp; 3014615 |
|  |  |  |  | &nbsp;&nbsp; **22041351** |
| **Retail: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Dick's Sporting Goods, Inc. | 4.10 | &nbsp;&nbsp; 1-15-2052 | 3947000 | &nbsp;&nbsp; 2816219 |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. | 3.63 | &nbsp;&nbsp; 4-15-2052 | 1725000 | &nbsp;&nbsp; 1251095 |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. | 4.75 | &nbsp;&nbsp; 6-25-2029 | 2699000 | &nbsp;&nbsp; 2742836 |
| &nbsp;&nbsp;&nbsp; Home Depot, Inc. | 4.85 | &nbsp;&nbsp; 6-25-2031 | 1792000 | &nbsp;&nbsp; 1827675 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | 3.50 | &nbsp;&nbsp; 4-1-2051 | 2143000 | &nbsp;&nbsp; 1454885 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | 4.25 | &nbsp;&nbsp; 4-1-2052 | 3949000 | &nbsp;&nbsp; 3063200 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 15

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Retail**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; McDonald's Corp. Series I | 6.30<br> %<br>| &nbsp;&nbsp; 3-1-2038 | $2705000 | &nbsp;&nbsp; $2933326 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | 4.35 | &nbsp;&nbsp; 4-28-2030 | 6298000 | &nbsp;&nbsp; 6324591 |
| &nbsp;&nbsp;&nbsp; Walmart, Inc. | 4.90 | &nbsp;&nbsp; 4-28-2035 | 8245000 | &nbsp;&nbsp; 8299155 |
|  |  |  |  | &nbsp;&nbsp; **30712982** |
| **Consumer, non-cyclical: 3.65%** |  |  |  |  |
| **Agriculture: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc. | 3.88 | &nbsp;&nbsp; 9-16-2046 | 2445000 | &nbsp;&nbsp; 1799546 |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 4.54 | &nbsp;&nbsp; 8-15-2047 | 3747000 | &nbsp;&nbsp; 3037567 |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 6.25 | &nbsp;&nbsp; 8-15-2055 | 2655000 | &nbsp;&nbsp; 2682267 |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp. | 7.08 | &nbsp;&nbsp; 8-2-2053 | 979000 | &nbsp;&nbsp; 1091553 |
| &nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp. | 1.63 | &nbsp;&nbsp; 8-17-2025 | 1821000 | &nbsp;&nbsp; 1818175 |
| &nbsp;&nbsp;&nbsp; Bunge Ltd. Finance Corp.%% | 5.15 | &nbsp;&nbsp; 8-4-2035 | 4640000 | &nbsp;&nbsp; 4624952 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 4.13 | &nbsp;&nbsp; 4-28-2028 | 7833000 | &nbsp;&nbsp; 7781932 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 4.38 | &nbsp;&nbsp; 4-30-2030 | 6631000 | &nbsp;&nbsp; 6584877 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 4.88 | &nbsp;&nbsp; 4-30-2035 | 7029000 | &nbsp;&nbsp; 6884778 |
| &nbsp;&nbsp;&nbsp; Philip Morris International, Inc. | 5.00 | &nbsp;&nbsp; 11-17-2025 | 3747000 | &nbsp;&nbsp; 3751315 |
|  |  |  |  | &nbsp;&nbsp; **40056962** |
| **Beverages: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc. | 4.70 | &nbsp;&nbsp; 2-1-2036 | 9303000 | &nbsp;&nbsp; 9020739 |
| &nbsp;&nbsp;&nbsp; Anheuser-Busch InBev Worldwide, Inc. | 5.45 | &nbsp;&nbsp; 1-23-2039 | 1806000 | &nbsp;&nbsp; 1828799 |
| &nbsp;&nbsp;&nbsp; Coca-Cola Co. | 5.20 | &nbsp;&nbsp; 1-14-2055 | 863000 | &nbsp;&nbsp; 821105 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 4.10 | &nbsp;&nbsp; 1-15-2029 | 4509000 | &nbsp;&nbsp; 4487190 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 4.30 | &nbsp;&nbsp; 7-23-2030 | 2496000 | &nbsp;&nbsp; 2484275 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 4.65 | &nbsp;&nbsp; 7-23-2032 | 3871000 | &nbsp;&nbsp; 3867870 |
| &nbsp;&nbsp;&nbsp; PepsiCo, Inc. | 5.00 | &nbsp;&nbsp; 7-23-2035 | 1801000 | &nbsp;&nbsp; 1804664 |
|  |  |  |  | &nbsp;&nbsp; **24314642** |
| **Biotechnology: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amgen, Inc. | 5.60 | &nbsp;&nbsp; 3-2-2043 | 2580000 | &nbsp;&nbsp; 2548565 |
| &nbsp;&nbsp;&nbsp; Amgen, Inc. | 5.65 | &nbsp;&nbsp; 3-2-2053 | 815000 | &nbsp;&nbsp; 788093 |
| &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc. | 4.00 | &nbsp;&nbsp; 9-1-2036 | 1807000 | &nbsp;&nbsp; 1642567 |
|  |  |  |  | &nbsp;&nbsp; **4979225** |
| **Food: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JBS USA Holding Lux Sarl/JBS USA Foods Group Holdings, Inc./JBS <br> USA Food Co.144A<br>| 6.38 | &nbsp;&nbsp; 4-15-2066 | 928000 | &nbsp;&nbsp; 914646 |
| &nbsp;&nbsp;&nbsp; Kroger Co. | 5.50 | &nbsp;&nbsp; 9-15-2054 | 865000 | &nbsp;&nbsp; 816246 |
|  |  |  |  | &nbsp;&nbsp; **1730892** |
| **Healthcare-products: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alcon Finance Corp.144A | 5.38 | &nbsp;&nbsp; 12-6-2032 | 5259000 | &nbsp;&nbsp; 5401476 |
| &nbsp;&nbsp;&nbsp; Stryker Corp. | 4.85 | &nbsp;&nbsp; 2-10-2030 | 1802000 | &nbsp;&nbsp; 1831977 |
|  |  |  |  | &nbsp;&nbsp; **7233453** |
| **Healthcare-services: 0.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CommonSpirit Health | 3.35 | &nbsp;&nbsp; 10-1-2029 | 1659000 | &nbsp;&nbsp; 1581730 |

---

See accompanying notes to portfolio of investments

16 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Healthcare-services**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc. | 4.75<br> %<br>| &nbsp;&nbsp; 2-15-2030 | $1258000 | &nbsp;&nbsp; $1263876 |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc. | 4.95 | &nbsp;&nbsp; 11-1-2031 | 2745000 | &nbsp;&nbsp; 2760661 |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc. | 5.15 | &nbsp;&nbsp; 6-15-2029 | 990000 | &nbsp;&nbsp; 1010298 |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc. | 5.70 | &nbsp;&nbsp; 2-15-2055 | 855000 | &nbsp;&nbsp; 816385 |
| &nbsp;&nbsp;&nbsp; HCA, Inc. | 5.25 | &nbsp;&nbsp; 6-15-2049 | 2300000 | &nbsp;&nbsp; 2034269 |
| &nbsp;&nbsp;&nbsp; HCA, Inc. | 5.50 | &nbsp;&nbsp; 3-1-2032 | 6129000 | &nbsp;&nbsp; 6290374 |
| &nbsp;&nbsp;&nbsp; HCA, Inc. | 5.90 | &nbsp;&nbsp; 6-1-2053 | 1342000 | &nbsp;&nbsp; 1287055 |
| &nbsp;&nbsp;&nbsp; HCA, Inc. | 6.20 | &nbsp;&nbsp; 3-1-2055 | 3603000 | &nbsp;&nbsp; 3594630 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 3.05 | &nbsp;&nbsp; 5-15-2041 | 830000 | &nbsp;&nbsp; 605312 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 4.60 | &nbsp;&nbsp; 4-15-2027 | 3695000 | &nbsp;&nbsp; 3707640 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 5.50 | &nbsp;&nbsp; 7-15-2044 | 2162000 | &nbsp;&nbsp; 2087008 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 5.63 | &nbsp;&nbsp; 7-15-2054 | 5774000 | &nbsp;&nbsp; 5500270 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 5.75 | &nbsp;&nbsp; 7-15-2064 | 1909000 | &nbsp;&nbsp; 1816715 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 5.88 | &nbsp;&nbsp; 2-15-2053 | 4554000 | &nbsp;&nbsp; 4493840 |
|  |  |  |  | &nbsp;&nbsp; **38850063** |
| **Pharmaceuticals: 1.43%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 3.20 | &nbsp;&nbsp; 11-21-2029 | 6596000 | &nbsp;&nbsp; 6288076 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 4.05 | &nbsp;&nbsp; 11-21-2039 | 1874000 | &nbsp;&nbsp; 1634751 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 4.25 | &nbsp;&nbsp; 11-21-2049 | 6508000 | &nbsp;&nbsp; 5308408 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 4.50 | &nbsp;&nbsp; 5-14-2035 | 276000 | &nbsp;&nbsp; 265180 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 4.55 | &nbsp;&nbsp; 3-15-2035 | 775000 | &nbsp;&nbsp; 748797 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 4.80 | &nbsp;&nbsp; 3-15-2027 | 4474000 | &nbsp;&nbsp; 4503471 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 4.88 | &nbsp;&nbsp; 3-15-2030 | 3600000 | &nbsp;&nbsp; 3672689 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 4.95 | &nbsp;&nbsp; 3-15-2031 | 2685000 | &nbsp;&nbsp; 2739721 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 5.05 | &nbsp;&nbsp; 3-15-2034 | 4474000 | &nbsp;&nbsp; 4530477 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 5.20 | &nbsp;&nbsp; 3-15-2035 | 4180000 | &nbsp;&nbsp; 4251896 |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc. | 5.60 | &nbsp;&nbsp; 3-15-2055 | 412000 | &nbsp;&nbsp; 409088 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | 4.78 | &nbsp;&nbsp; 3-25-2038 | 1962000 | &nbsp;&nbsp; 1792845 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | 5.05 | &nbsp;&nbsp; 3-25-2048 | 8123000 | &nbsp;&nbsp; 6989323 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | 5.55 | &nbsp;&nbsp; 6-1-2031 | 3548000 | &nbsp;&nbsp; 3675338 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | 5.70 | &nbsp;&nbsp; 6-1-2034 | 3644000 | &nbsp;&nbsp; 3731632 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 4.20 | &nbsp;&nbsp; 8-14-2029 | 5623000 | &nbsp;&nbsp; 5620974 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 4.60 | &nbsp;&nbsp; 8-14-2034 | 4632000 | &nbsp;&nbsp; 4565154 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 4.70 | &nbsp;&nbsp; 2-9-2034 | 3554000 | &nbsp;&nbsp; 3540053 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 4.90 | &nbsp;&nbsp; 2-12-2032 | 1359000 | &nbsp;&nbsp; 1389314 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 5.05 | &nbsp;&nbsp; 8-14-2054 | 433000 | &nbsp;&nbsp; 403495 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 5.10 | &nbsp;&nbsp; 2-12-2035 | 1932000 | &nbsp;&nbsp; 1964312 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 5.10 | &nbsp;&nbsp; 2-9-2064 | 1785000 | &nbsp;&nbsp; 1638984 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 5.50 | &nbsp;&nbsp; 2-12-2055 | 2237000 | &nbsp;&nbsp; 2226446 |
| &nbsp;&nbsp;&nbsp; Eli Lilly & Co. | 5.60 | &nbsp;&nbsp; 2-12-2065 | 2468000 | &nbsp;&nbsp; 2470164 |
| &nbsp;&nbsp;&nbsp; Merck & Co., Inc. | 2.35 | &nbsp;&nbsp; 6-24-2040 | 1500000 | &nbsp;&nbsp; 1045312 |
|  |  |  |  | &nbsp;&nbsp; **75405900** |
| **Energy: 0.86%** |  |  |  |  |
| **Oil & gas: 0.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp. | 5.20 | &nbsp;&nbsp; 9-15-2034 | 3677000 | &nbsp;&nbsp; 3571850 |
| &nbsp;&nbsp;&nbsp; Devon Energy Corp. | 5.75 | &nbsp;&nbsp; 9-15-2054 | 2968000 | &nbsp;&nbsp; 2658664 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 17

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Oil & gas**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 5.15<br> %<br>| &nbsp;&nbsp; 1-30-2030 | $3340000 | &nbsp;&nbsp; $3400738 |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 5.20 | &nbsp;&nbsp; 4-18-2027 | 1788000 | &nbsp;&nbsp; 1805212 |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 5.75 | &nbsp;&nbsp; 4-18-2054 | 2962000 | &nbsp;&nbsp; 2751077 |
| &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc. | 5.90 | &nbsp;&nbsp; 4-18-2064 | 899000 | &nbsp;&nbsp; 830247 |
|  |  |  |  | &nbsp;&nbsp; **15017788** |
| **Pipelines: 0.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 5.25 | &nbsp;&nbsp; 7-1-2029 | 4512000 | &nbsp;&nbsp; 4614039 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 5.30 | &nbsp;&nbsp; 4-15-2047 | 1806000 | &nbsp;&nbsp; 1590382 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 5.70 | &nbsp;&nbsp; 4-1-2035 | 5272000 | &nbsp;&nbsp; 5345754 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 5.95 | &nbsp;&nbsp; 5-15-2054 | 7262000 | &nbsp;&nbsp; 6864225 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP144A | 6.00 | &nbsp;&nbsp; 2-1-2029 | 3273000 | &nbsp;&nbsp; 3317067 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | 5.15 | &nbsp;&nbsp; 6-1-2030 | 3084000 | &nbsp;&nbsp; 3146931 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | 5.05 | &nbsp;&nbsp; 11-1-2034 | 929000 | &nbsp;&nbsp; 903008 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | 5.70 | &nbsp;&nbsp; 11-1-2054 | 3867000 | &nbsp;&nbsp; 3551236 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | 5.85 | &nbsp;&nbsp; 11-1-2064 | 720000 | &nbsp;&nbsp; 663976 |
|  |  |  |  | &nbsp;&nbsp; **29996618** |
| **Financial: 6.47%** |  |  |  |  |
| **Banks: 4.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+0.96%)± | 1.73 | &nbsp;&nbsp; 7-22-2027 | 11228000 | &nbsp;&nbsp; 10919404 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.37%)± | 1.92 | &nbsp;&nbsp; 10-24-2031 | 1557000 | &nbsp;&nbsp; 1357846 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR 3 Month+1.25%)± | 2.50 | &nbsp;&nbsp; 2-13-2031 | 3512000 | &nbsp;&nbsp; 3205723 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (U.S. SOFR+0.89%)± | 4.94 | &nbsp;&nbsp; 2-11-2031 | 5083000 | &nbsp;&nbsp; 5176786 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+0.87%)± | 4.79 | &nbsp;&nbsp; 3-4-2029 | 6295000 | &nbsp;&nbsp; 6328106 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.34%)± | 4.54 | &nbsp;&nbsp; 9-19-2030 | 2916000 | &nbsp;&nbsp; 2904167 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.46%)± | 4.95 | &nbsp;&nbsp; 5-7-2031 | 9289000 | &nbsp;&nbsp; 9377214 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.47%)± | 5.33 | &nbsp;&nbsp; 3-27-2036 | 6344000 | &nbsp;&nbsp; 6373736 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.75%)± | 5.61 | &nbsp;&nbsp; 3-4-2056 | 4321000 | &nbsp;&nbsp; 4215933 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.83%)± | 6.02 | &nbsp;&nbsp; 1-24-2036 | 9732000 | &nbsp;&nbsp; 9973665 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+2.06%)± | 5.83 | &nbsp;&nbsp; 2-13-2035 | 1964000 | &nbsp;&nbsp; 1997188 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+2.66%)± | 6.17 | &nbsp;&nbsp; 5-25-2034 | 1760000 | &nbsp;&nbsp; 1840541 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.08%)± | 5.21 | &nbsp;&nbsp; 1-28-2031 | 7108000 | &nbsp;&nbsp; 7258585 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.14%)± | 4.69 | &nbsp;&nbsp; 10-23-2030 | 5382000 | &nbsp;&nbsp; 5377867 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.21%)± | 5.05 | &nbsp;&nbsp; 7-23-2030 | 2779000 | &nbsp;&nbsp; 2823713 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.55%)± | 5.33 | &nbsp;&nbsp; 7-23-2035 | 5527000 | &nbsp;&nbsp; 5583454 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.58%)± | 5.22 | &nbsp;&nbsp; 4-23-2031 | 10942000 | &nbsp;&nbsp; 11188556 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.70%)± | 5.73 | &nbsp;&nbsp; 1-28-2056 | 2533000 | &nbsp;&nbsp; 2543648 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.64%)± | 5.58 | &nbsp;&nbsp; 7-23-2036 | 3878000 | &nbsp;&nbsp; 3928239 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+2.04%)± | 2.52 | &nbsp;&nbsp; 4-22-2031 | 5401000 | &nbsp;&nbsp; 4934883 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Private Bank NA (U.S. SOFR+0.77%)± | 4.47 | &nbsp;&nbsp; 7-6-2028 | 5493000 | &nbsp;&nbsp; 5487146 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Private Bank NA (U.S. SOFR+1.08%)± | 4.73 | &nbsp;&nbsp; 7-18-2031 | 4326000 | &nbsp;&nbsp; 4345501 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.11%)± | 5.23 | &nbsp;&nbsp; 1-15-2031 | 8904000 | &nbsp;&nbsp; 9120978 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.22%)± | 5.04 | &nbsp;&nbsp; 7-19-2030 | 8287000 | &nbsp;&nbsp; 8429859 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.38%)± | 4.99 | &nbsp;&nbsp; 4-12-2029 | 9135000 | &nbsp;&nbsp; 9247645 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.51%)± | 5.19 | &nbsp;&nbsp; 4-17-2031 | 6594000 | &nbsp;&nbsp; 6735790 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.58%)± | 5.83 | &nbsp;&nbsp; 4-19-2035 | 8180000 | &nbsp;&nbsp; 8574741 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.63%)± | 5.45 | &nbsp;&nbsp; 7-20-2029 | 3500000 | &nbsp;&nbsp; 3592576 |

---

See accompanying notes to portfolio of investments

18 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; PNC Bank NA (U.S. SOFR+0.73%)± | 4.43<br> %<br>| &nbsp;&nbsp; 7-21-2028 | $7265000 | &nbsp;&nbsp; $7263695 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (U.S. SOFR+1.26%)± | 4.81 | &nbsp;&nbsp; 10-21-2032 | 4126000 | &nbsp;&nbsp; 4122921 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (U.S. SOFR+1.42%)± | 5.37 | &nbsp;&nbsp; 7-21-2036 | 2330000 | &nbsp;&nbsp; 2354145 |
| &nbsp;&nbsp;&nbsp; State Street Corp. | 4.73 | &nbsp;&nbsp; 2-28-2030 | 7196000 | &nbsp;&nbsp; 7274880 |
| &nbsp;&nbsp;&nbsp; Truist Bank (U.S. SOFR+0.77%)± | 4.42 | &nbsp;&nbsp; 7-24-2028 | 7249000 | &nbsp;&nbsp; 7238495 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.07%)± | 5.71 | &nbsp;&nbsp; 4-22-2028 | 2802000 | &nbsp;&nbsp; 2856644 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.37%)± | 4.97 | &nbsp;&nbsp; 4-23-2029 | 9255000 | &nbsp;&nbsp; 9363595 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.38%)± | 5.21 | &nbsp;&nbsp; 12-3-2035 | 2880000 | &nbsp;&nbsp; 2887809 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.50%)± | 5.15 | &nbsp;&nbsp; 4-23-2031 | 6898000 | &nbsp;&nbsp; 7038975 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.74%)± | 5.57 | &nbsp;&nbsp; 7-25-2029 | 1762000 | &nbsp;&nbsp; 1814307 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.79%)± | 6.30 | &nbsp;&nbsp; 10-23-2029 | 1792000 | &nbsp;&nbsp; 1885672 |
|  |  |  |  | &nbsp;&nbsp; **216944628** |
| **Diversified financial services: 0.86%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+0.81%)± | 4.35 | &nbsp;&nbsp; 7-20-2029 | 6314000 | &nbsp;&nbsp; 6301556 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.02%)± | 5.09 | &nbsp;&nbsp; 1-30-2031 | 2445000 | &nbsp;&nbsp; 2497009 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.22%)± | 4.92 | &nbsp;&nbsp; 7-20-2033 | 5289000 | &nbsp;&nbsp; 5306043 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.26%)± | 4.73 | &nbsp;&nbsp; 4-25-2029 | 6737000 | &nbsp;&nbsp; 6796006 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.32%)± | 5.44 | &nbsp;&nbsp; 1-30-2036 | 3199000 | &nbsp;&nbsp; 3262059 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.44%)± | 5.02 | &nbsp;&nbsp; 4-25-2031 | 6253000 | &nbsp;&nbsp; 6364366 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.79%)± | 5.67 | &nbsp;&nbsp; 4-25-2036 | 2344000 | &nbsp;&nbsp; 2431958 |
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc. | 5.80 | &nbsp;&nbsp; 5-21-2054 | 1099000 | &nbsp;&nbsp; 1090889 |
| &nbsp;&nbsp;&nbsp; Ares Management Corp. | 5.60 | &nbsp;&nbsp; 10-11-2054 | 2693000 | &nbsp;&nbsp; 2536190 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. (U.S. SOFR+2.26%)± | 6.05 | &nbsp;&nbsp; 2-1-2035 | 6917000 | &nbsp;&nbsp; 7206213 |
| &nbsp;&nbsp;&nbsp; Synchrony Financial (U.S. SOFR+2.07%)± | 6.00 | &nbsp;&nbsp; 7-29-2036 | 1801000 | &nbsp;&nbsp; 1806421 |
|  |  |  |  | &nbsp;&nbsp; **45598710** |
| **Investment Companies: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ares Strategic Income Fund BDC | 6.20 | &nbsp;&nbsp; 3-21-2032 | 3558000 | &nbsp;&nbsp; 3599625 |
| &nbsp;&nbsp;&nbsp; Bain Capital Specialty Finance, Inc. BDC | 5.95 | &nbsp;&nbsp; 3-15-2030 | 2393000 | &nbsp;&nbsp; 2378874 |
| &nbsp;&nbsp;&nbsp; FS KKR Capital Corp. BDC | 6.13 | &nbsp;&nbsp; 1-15-2030 | 5083000 | &nbsp;&nbsp; 5100562 |
| &nbsp;&nbsp;&nbsp; Oaktree Specialty Lending Corp. BDC | 6.34 | &nbsp;&nbsp; 2-27-2030 | 3058000 | &nbsp;&nbsp; 3050253 |
|  |  |  |  | &nbsp;&nbsp; **14129314** |
| **Real estate: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CBRE Services, Inc. | 5.50 | &nbsp;&nbsp; 6-15-2035 | 2342000 | &nbsp;&nbsp; **2364480** |
| **REITs: 1.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Agree LP | 2.00 | &nbsp;&nbsp; 6-15-2028 | 2758000 | &nbsp;&nbsp; 2578274 |
| &nbsp;&nbsp;&nbsp; Agree LP | 2.60 | &nbsp;&nbsp; 6-15-2033 | 752000 | &nbsp;&nbsp; 627227 |
| &nbsp;&nbsp;&nbsp; Agree LP | 4.80 | &nbsp;&nbsp; 10-1-2032 | 1659000 | &nbsp;&nbsp; 1640491 |
| &nbsp;&nbsp;&nbsp; Agree LP | 5.60 | &nbsp;&nbsp; 6-15-2035 | 2701000 | &nbsp;&nbsp; 2749739 |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent LP | 3.63 | &nbsp;&nbsp; 4-15-2032 | 3044000 | &nbsp;&nbsp; 2808009 |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent LP | 4.30 | &nbsp;&nbsp; 4-15-2052 | 1365000 | &nbsp;&nbsp; 1059332 |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent LP | 4.95 | &nbsp;&nbsp; 6-15-2030 | 2325000 | &nbsp;&nbsp; 2340161 |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent LP | 5.50 | &nbsp;&nbsp; 7-15-2034 | 1239000 | &nbsp;&nbsp; 1255594 |
| &nbsp;&nbsp;&nbsp; Brixmor Operating Partnership LP | 2.50 | &nbsp;&nbsp; 8-16-2031 | 2913000 | &nbsp;&nbsp; 2544591 |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc. | 2.10 | &nbsp;&nbsp; 4-1-2031 | 2993000 | &nbsp;&nbsp; 2575585 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 19

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **REITs**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc. | 5.80<br> %<br>| &nbsp;&nbsp; 3-1-2034 | $2705000 | &nbsp;&nbsp; $2807504 |
| &nbsp;&nbsp;&nbsp; Essex Portfolio LP | 2.55 | &nbsp;&nbsp; 6-15-2031 | 1571000 | &nbsp;&nbsp; 1386262 |
| &nbsp;&nbsp;&nbsp; Essex Portfolio LP | 5.50 | &nbsp;&nbsp; 4-1-2034 | 1853000 | &nbsp;&nbsp; 1895322 |
| &nbsp;&nbsp;&nbsp; Invitation Homes Operating Partnership LP | 2.00 | &nbsp;&nbsp; 8-15-2031 | 525000 | &nbsp;&nbsp; 445649 |
| &nbsp;&nbsp;&nbsp; Invitation Homes Operating Partnership LP | 4.15 | &nbsp;&nbsp; 4-15-2032 | 3031000 | &nbsp;&nbsp; 2876412 |
| &nbsp;&nbsp;&nbsp; Invitation Homes Operating Partnership LP | 4.88 | &nbsp;&nbsp; 2-1-2035 | 2691000 | &nbsp;&nbsp; 2594053 |
| &nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | 4.85 | &nbsp;&nbsp; 3-1-2035 | 2424000 | &nbsp;&nbsp; 2369229 |
| &nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | 5.30 | &nbsp;&nbsp; 2-1-2036 | 2785000 | &nbsp;&nbsp; 2790437 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. | 2.10 | &nbsp;&nbsp; 3-15-2028 | 1708000 | &nbsp;&nbsp; 1614612 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. | 2.85 | &nbsp;&nbsp; 12-15-2032 | 2204000 | &nbsp;&nbsp; 1937846 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. | 3.40 | &nbsp;&nbsp; 1-15-2030 | 1825000 | &nbsp;&nbsp; 1745752 |
| &nbsp;&nbsp;&nbsp; Realty Income Corp. | 4.90 | &nbsp;&nbsp; 7-15-2033 | 2622000 | &nbsp;&nbsp; 2610285 |
| &nbsp;&nbsp;&nbsp; Regency Centers LP | 2.95 | &nbsp;&nbsp; 9-15-2029 | 4170000 | &nbsp;&nbsp; 3928680 |
| &nbsp;&nbsp;&nbsp; Regency Centers LP | 5.00 | &nbsp;&nbsp; 7-15-2032 | 2634000 | &nbsp;&nbsp; 2660900 |
| &nbsp;&nbsp;&nbsp; Regency Centers LP | 5.25 | &nbsp;&nbsp; 1-15-2034 | 3575000 | &nbsp;&nbsp; 3628539 |
| &nbsp;&nbsp;&nbsp; Store Capital LLC | 2.70 | &nbsp;&nbsp; 12-1-2031 | 1059000 | &nbsp;&nbsp; 901510 |
| &nbsp;&nbsp;&nbsp; Store Capital LLC | 2.75 | &nbsp;&nbsp; 11-18-2030 | 2693000 | &nbsp;&nbsp; 2391410 |
| &nbsp;&nbsp;&nbsp; Sun Communities Operating LP | 4.20 | &nbsp;&nbsp; 4-15-2032 | 3344000 | &nbsp;&nbsp; 3180330 |
|  |  |  |  | &nbsp;&nbsp; **61943735** |
| **Industrial: 1.59%** |  |  |  |  |
| **Aerospace/defense: 0.46%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 5.81 | &nbsp;&nbsp; 5-1-2050 | 3121000 | &nbsp;&nbsp; 3012042 |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 6.86 | &nbsp;&nbsp; 5-1-2054 | 1827000 | &nbsp;&nbsp; 2008172 |
| &nbsp;&nbsp;&nbsp; General Dynamics Corp. | 4.95 | &nbsp;&nbsp; 8-15-2035 | 3483000 | &nbsp;&nbsp; 3490535 |
| &nbsp;&nbsp;&nbsp; General Electric Co. | 4.30 | &nbsp;&nbsp; 7-29-2030 | 5419000 | &nbsp;&nbsp; 5393144 |
| &nbsp;&nbsp;&nbsp; General Electric Co. | 4.90 | &nbsp;&nbsp; 1-29-2036 | 3070000 | &nbsp;&nbsp; 3059645 |
| &nbsp;&nbsp;&nbsp; Howmet Aerospace, Inc. | 4.85 | &nbsp;&nbsp; 10-15-2031 | 2395000 | &nbsp;&nbsp; 2422174 |
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp. | 4.65 | &nbsp;&nbsp; 7-15-2030 | 2567000 | &nbsp;&nbsp; 2582846 |
| &nbsp;&nbsp;&nbsp; Northrop Grumman Corp. | 5.25 | &nbsp;&nbsp; 7-15-2035 | 2382000 | &nbsp;&nbsp; 2419947 |
|  |  |  |  | &nbsp;&nbsp; **24388505** |
| **Building materials: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CRH America Finance, Inc. | 5.50 | &nbsp;&nbsp; 1-9-2035 | 2949000 | &nbsp;&nbsp; **3014374** |
| **Machinery-construction & mining: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp. | 4.38 | &nbsp;&nbsp; 8-16-2029 | 2020000 | &nbsp;&nbsp; 2028158 |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp. | 5.00 | &nbsp;&nbsp; 5-14-2027 | 5380000 | &nbsp;&nbsp; 5450235 |
| &nbsp;&nbsp;&nbsp; Caterpillar, Inc. | 5.20 | &nbsp;&nbsp; 5-15-2035 | 5884000 | &nbsp;&nbsp; 5998445 |
|  |  |  |  | &nbsp;&nbsp; **13476838** |
| **Machinery-diversified: 0.60%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Deere & Co. | 5.45 | &nbsp;&nbsp; 1-16-2035 | 8079000 | &nbsp;&nbsp; 8384988 |
| &nbsp;&nbsp;&nbsp; Deere & Co. | 5.70 | &nbsp;&nbsp; 1-19-2055 | 3735000 | &nbsp;&nbsp; 3831551 |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp. | 4.15 | &nbsp;&nbsp; 9-15-2027 | 3527000 | &nbsp;&nbsp; 3522789 |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp. | 4.50 | &nbsp;&nbsp; 1-8-2027 | 4447000 | &nbsp;&nbsp; 4465898 |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp. | 4.65 | &nbsp;&nbsp; 1-7-2028 | 3132000 | &nbsp;&nbsp; 3168871 |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp. | 4.85 | &nbsp;&nbsp; 6-11-2029 | 584000 | &nbsp;&nbsp; 595472 |

---

See accompanying notes to portfolio of investments

20 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Machinery-diversified**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp. | 5.15<br> %<br>| &nbsp;&nbsp; 9-8-2026 | $3290000 | &nbsp;&nbsp; $3320533 |
| &nbsp;&nbsp;&nbsp; John Deere Capital Corp. Series I | 4.55 | &nbsp;&nbsp; 6-5-2030 | 4159000 | &nbsp;&nbsp; 4180473 |
|  |  |  |  | &nbsp;&nbsp; **31470575** |
| **Transportation: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Crowley Conro LLC | 4.18 | &nbsp;&nbsp; 8-15-2043 | 2145222 | &nbsp;&nbsp; 1936442 |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | 5.10 | &nbsp;&nbsp; 5-1-2035 | 3098000 | &nbsp;&nbsp; 3111202 |
| &nbsp;&nbsp;&nbsp; Union Pacific Corp. | 5.60 | &nbsp;&nbsp; 12-1-2054 | 1393000 | &nbsp;&nbsp; 1378137 |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc. | 5.95 | &nbsp;&nbsp; 5-14-2055 | 1394000 | &nbsp;&nbsp; 1417824 |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc. | 6.05 | &nbsp;&nbsp; 5-14-2065 | 3561000 | &nbsp;&nbsp; 3624914 |
|  |  |  |  | &nbsp;&nbsp; **11468519** |
| **Technology: 2.65%** |  |  |  |  |
| **Computers: 0.48%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Accenture Capital, Inc. | 4.25 | &nbsp;&nbsp; 10-4-2031 | 7173000 | &nbsp;&nbsp; 7063621 |
| &nbsp;&nbsp;&nbsp; Accenture Capital, Inc. | 4.50 | &nbsp;&nbsp; 10-4-2034 | 3945000 | &nbsp;&nbsp; 3817617 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 2.38 | &nbsp;&nbsp; 2-8-2041 | 1286000 | &nbsp;&nbsp; 896470 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 2.65 | &nbsp;&nbsp; 5-11-2050 | 1401000 | &nbsp;&nbsp; 871784 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 2.65 | &nbsp;&nbsp; 2-8-2051 | 1082000 | &nbsp;&nbsp; 667799 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 3.95 | &nbsp;&nbsp; 8-8-2052 | 3384000 | &nbsp;&nbsp; 2678980 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 4.00 | &nbsp;&nbsp; 5-12-2028 | 2705000 | &nbsp;&nbsp; 2704952 |
| &nbsp;&nbsp;&nbsp; Apple, Inc. | 4.20 | &nbsp;&nbsp; 5-12-2030 | 4649000 | &nbsp;&nbsp; 4652996 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | 5.60 | &nbsp;&nbsp; 10-15-2054 | 1920000 | &nbsp;&nbsp; 1764559 |
|  |  |  |  | &nbsp;&nbsp; **25118778** |
| **Semiconductors: 1.41%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 4.15 | &nbsp;&nbsp; 2-15-2028 | 4401000 | &nbsp;&nbsp; 4378046 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 4.55 | &nbsp;&nbsp; 2-15-2032 | 4483000 | &nbsp;&nbsp; 4423265 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 4.60 | &nbsp;&nbsp; 7-15-2030 | 5833000 | &nbsp;&nbsp; 5835235 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 4.80 | &nbsp;&nbsp; 10-15-2034 | 6277000 | &nbsp;&nbsp; 6159265 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 4.90 | &nbsp;&nbsp; 7-15-2032 | 3635000 | &nbsp;&nbsp; 3646207 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc.144A | 4.93 | &nbsp;&nbsp; 5-15-2037 | 2527000 | &nbsp;&nbsp; 2442009 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 5.05 | &nbsp;&nbsp; 7-12-2029 | 6451000 | &nbsp;&nbsp; 6584208 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 5.15 | &nbsp;&nbsp; 11-15-2031 | 6009000 | &nbsp;&nbsp; 6157549 |
| &nbsp;&nbsp;&nbsp; Broadcom, Inc. | 5.20 | &nbsp;&nbsp; 7-15-2035 | 4647000 | &nbsp;&nbsp; 4668990 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 5.50 | &nbsp;&nbsp; 1-25-2031 | 1250000 | &nbsp;&nbsp; 1275768 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 5.90 | &nbsp;&nbsp; 1-25-2033 | 1459000 | &nbsp;&nbsp; 1499306 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 6.10 | &nbsp;&nbsp; 1-25-2036 | 1647000 | &nbsp;&nbsp; 1683150 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 6.20 | &nbsp;&nbsp; 1-25-2037 | 970000 | &nbsp;&nbsp; 996914 |
| &nbsp;&nbsp;&nbsp; Foundry JV Holdco LLC144A | 6.30 | &nbsp;&nbsp; 1-25-2039 | 1163000 | &nbsp;&nbsp; 1197030 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 2.80 | &nbsp;&nbsp; 8-12-2041 | 1519000 | &nbsp;&nbsp; 998633 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 3.25 | &nbsp;&nbsp; 11-15-2049 | 889000 | &nbsp;&nbsp; 542597 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 5.60 | &nbsp;&nbsp; 2-21-2054 | 891000 | &nbsp;&nbsp; 787315 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 5.63 | &nbsp;&nbsp; 2-10-2043 | 1013000 | &nbsp;&nbsp; 944476 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 5.90 | &nbsp;&nbsp; 2-10-2063 | 1330000 | &nbsp;&nbsp; 1205843 |
| &nbsp;&nbsp;&nbsp; KLA Corp. | 3.30 | &nbsp;&nbsp; 3-1-2050 | 1449000 | &nbsp;&nbsp; 1003335 |
| &nbsp;&nbsp;&nbsp; Micron Technology, Inc. | 6.05 | &nbsp;&nbsp; 11-1-2035 | 6327000 | &nbsp;&nbsp; 6584966 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 4.50 | &nbsp;&nbsp; 5-23-2030 | 3871000 | &nbsp;&nbsp; 3890380 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 21

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Semiconductors**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 5.00<br> %<br>| &nbsp;&nbsp; 3-14-2053 | $2113000 | &nbsp;&nbsp; $1935022 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 5.10 | &nbsp;&nbsp; 5-23-2035 | 3871000 | &nbsp;&nbsp; 3921743 |
| &nbsp;&nbsp;&nbsp; Texas Instruments, Inc. | 5.15 | &nbsp;&nbsp; 2-8-2054 | 1785000 | &nbsp;&nbsp; 1675660 |
|  |  |  |  | &nbsp;&nbsp; **74436912** |
| **Software: 0.76%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Autodesk, Inc. | 2.40 | &nbsp;&nbsp; 12-15-2031 | 217000 | &nbsp;&nbsp; 189438 |
| &nbsp;&nbsp;&nbsp; Autodesk, Inc. | 5.30 | &nbsp;&nbsp; 6-15-2035 | 2321000 | &nbsp;&nbsp; 2351550 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc. | 4.20 | &nbsp;&nbsp; 9-10-2027 | 3342000 | &nbsp;&nbsp; 3339271 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc. | 4.30 | &nbsp;&nbsp; 9-10-2029 | 9282000 | &nbsp;&nbsp; 9252423 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc. | 4.70 | &nbsp;&nbsp; 9-10-2034 | 8563000 | &nbsp;&nbsp; 8432251 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 4.00 | &nbsp;&nbsp; 7-15-2046 | 3069000 | &nbsp;&nbsp; 2344041 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 5.38 | &nbsp;&nbsp; 9-27-2054 | 420000 | &nbsp;&nbsp; 378300 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 6.00 | &nbsp;&nbsp; 8-3-2055 | 3413000 | &nbsp;&nbsp; 3343185 |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc. | 4.65 | &nbsp;&nbsp; 4-1-2028 | 2697000 | &nbsp;&nbsp; 2717746 |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc. | 4.85 | &nbsp;&nbsp; 4-1-2030 | 3857000 | &nbsp;&nbsp; 3900531 |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc. | 5.00 | &nbsp;&nbsp; 4-1-2032 | 3086000 | &nbsp;&nbsp; 3117772 |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc. | 5.70 | &nbsp;&nbsp; 4-1-2055 | 771000 | &nbsp;&nbsp; 760271 |
|  |  |  |  | &nbsp;&nbsp; **40126779** |
| **Utilities: 2.24%** |  |  |  |  |
| **Electric: 2.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Alabama Power Co. | 5.10 | &nbsp;&nbsp; 4-2-2035 | 2502000 | &nbsp;&nbsp; 2514802 |
| &nbsp;&nbsp;&nbsp; American Transmission Systems, Inc.144A | 2.65 | &nbsp;&nbsp; 1-15-2032 | 1099000 | &nbsp;&nbsp; 966738 |
| &nbsp;&nbsp;&nbsp; Baltimore Gas & Electric Co. | 2.25 | &nbsp;&nbsp; 6-15-2031 | 2359000 | &nbsp;&nbsp; 2086256 |
| &nbsp;&nbsp;&nbsp; Baltimore Gas & Electric Co. | 5.45 | &nbsp;&nbsp; 6-1-2035 | 3098000 | &nbsp;&nbsp; 3175794 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC Series AH | 3.60 | &nbsp;&nbsp; 3-1-2052 | 1743000 | &nbsp;&nbsp; 1258935 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, Inc. | 3.20 | &nbsp;&nbsp; 12-1-2051 | 529000 | &nbsp;&nbsp; 350316 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, Inc. | 3.70 | &nbsp;&nbsp; 11-15-2059 | 899000 | &nbsp;&nbsp; 621203 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, Inc. | 5.38 | &nbsp;&nbsp; 5-15-2034 | 1237000 | &nbsp;&nbsp; 1270072 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New York, Inc. | 5.50 | &nbsp;&nbsp; 3-15-2055 | 3166000 | &nbsp;&nbsp; 3061863 |
| &nbsp;&nbsp;&nbsp; Consumers Energy Co. | 4.50 | &nbsp;&nbsp; 1-15-2031 | 4630000 | &nbsp;&nbsp; 4621301 |
| &nbsp;&nbsp;&nbsp; Consumers Energy Co. | 5.05 | &nbsp;&nbsp; 5-15-2035 | 3422000 | &nbsp;&nbsp; 3433471 |
| &nbsp;&nbsp;&nbsp; DTE Electric Co. | 2.95 | &nbsp;&nbsp; 3-1-2050 | 2754000 | &nbsp;&nbsp; 1795483 |
| &nbsp;&nbsp;&nbsp; DTE Electric Co. | 5.25 | &nbsp;&nbsp; 5-15-2035 | 1622000 | &nbsp;&nbsp; 1647188 |
| &nbsp;&nbsp;&nbsp; DTE Electric Co. Series B | 3.65 | &nbsp;&nbsp; 3-1-2052 | 1262000 | &nbsp;&nbsp; 921327 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 2.55 | &nbsp;&nbsp; 4-15-2031 | 1076000 | &nbsp;&nbsp; 966149 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 2.85 | &nbsp;&nbsp; 3-15-2032 | 2930000 | &nbsp;&nbsp; 2621814 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 3.55 | &nbsp;&nbsp; 3-15-2052 | 2134000 | &nbsp;&nbsp; 1530940 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 5.25 | &nbsp;&nbsp; 3-15-2035 | 2573000 | &nbsp;&nbsp; 2624944 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 5.35 | &nbsp;&nbsp; 1-15-2053 | 2067000 | &nbsp;&nbsp; 1967255 |
| &nbsp;&nbsp;&nbsp; Duke Energy Corp. | 3.50 | &nbsp;&nbsp; 6-15-2051 | 1462000 | &nbsp;&nbsp; 999613 |
| &nbsp;&nbsp;&nbsp; Duke Energy Florida LLC | 2.40 | &nbsp;&nbsp; 12-15-2031 | 2351000 | &nbsp;&nbsp; 2069675 |
| &nbsp;&nbsp;&nbsp; Duke Energy Progress LLC | 2.50 | &nbsp;&nbsp; 8-15-2050 | 2380000 | &nbsp;&nbsp; 1392363 |
| &nbsp;&nbsp;&nbsp; Duke Energy Progress LLC | 3.70 | &nbsp;&nbsp; 10-15-2046 | 536000 | &nbsp;&nbsp; 405511 |
| &nbsp;&nbsp;&nbsp; Entergy Arkansas LLC | 2.65 | &nbsp;&nbsp; 6-15-2051 | 2124000 | &nbsp;&nbsp; 1247167 |
| &nbsp;&nbsp;&nbsp; Entergy Arkansas LLC | 5.15 | &nbsp;&nbsp; 1-15-2033 | 3539000 | &nbsp;&nbsp; 3617899 |
| &nbsp;&nbsp;&nbsp; Entergy Mississippi LLC | 5.80 | &nbsp;&nbsp; 4-15-2055 | 2308000 | &nbsp;&nbsp; 2305640 |

---

See accompanying notes to portfolio of investments

22 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Electric**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exelon Corp. | 5.88<br> %<br>| &nbsp;&nbsp; 3-15-2055 | $3552000 | &nbsp;&nbsp; $3525026 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Pennsylvania Electric Co.144A | 3.25 | &nbsp;&nbsp; 3-15-2028 | 2298000 | &nbsp;&nbsp; 2223160 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Pennsylvania Electric Co.144A | 4.30 | &nbsp;&nbsp; 1-15-2029 | 2773000 | &nbsp;&nbsp; 2735857 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Pennsylvania Electric Co.144A | 5.20 | &nbsp;&nbsp; 4-1-2028 | 1815000 | &nbsp;&nbsp; 1847431 |
| &nbsp;&nbsp;&nbsp; Georgia Power Co. | 5.20 | &nbsp;&nbsp; 3-15-2035 | 926000 | &nbsp;&nbsp; 936029 |
| &nbsp;&nbsp;&nbsp; Jersey Central Power & Light Co.144A | 2.75 | &nbsp;&nbsp; 3-1-2032 | 2592000 | &nbsp;&nbsp; 2272664 |
| &nbsp;&nbsp;&nbsp; Jersey Central Power & Light Co. | 5.10 | &nbsp;&nbsp; 1-15-2035 | 2099000 | &nbsp;&nbsp; 2090345 |
| &nbsp;&nbsp;&nbsp; MidAmerican Energy Co. | 2.70 | &nbsp;&nbsp; 8-1-2052 | 2044000 | &nbsp;&nbsp; 1256193 |
| &nbsp;&nbsp;&nbsp; Mississippi Power Co. Series 12-A | 4.25 | &nbsp;&nbsp; 3-15-2042 | 1201000 | &nbsp;&nbsp; 1027733 |
| &nbsp;&nbsp;&nbsp; Mississippi Power Co. Series B | 3.10 | &nbsp;&nbsp; 7-30-2051 | 2829000 | &nbsp;&nbsp; 1857837 |
| &nbsp;&nbsp;&nbsp; Northern States Power Co. | 5.05 | &nbsp;&nbsp; 5-15-2035 | 3859000 | &nbsp;&nbsp; 3879276 |
| &nbsp;&nbsp;&nbsp; Northern States Power Co. | 5.40 | &nbsp;&nbsp; 3-15-2054 | 1428000 | &nbsp;&nbsp; 1379433 |
| &nbsp;&nbsp;&nbsp; Northern States Power Co. | 5.65 | &nbsp;&nbsp; 6-15-2054 | 1548000 | &nbsp;&nbsp; 1556479 |
| &nbsp;&nbsp;&nbsp; NSTAR Electric Co. | 5.20 | &nbsp;&nbsp; 3-1-2035 | 1389000 | &nbsp;&nbsp; 1400921 |
| &nbsp;&nbsp;&nbsp; NSTAR Electric Co. | 5.40 | &nbsp;&nbsp; 6-1-2034 | 2724000 | &nbsp;&nbsp; 2790032 |
| &nbsp;&nbsp;&nbsp; Ohio Edison Co.144A | 4.95 | &nbsp;&nbsp; 12-15-2029 | 2323000 | &nbsp;&nbsp; 2349333 |
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC144A | 5.35 | &nbsp;&nbsp; 4-1-2035 | 2168000 | &nbsp;&nbsp; 2210675 |
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC144A | 5.80 | &nbsp;&nbsp; 4-1-2055 | 2531000 | &nbsp;&nbsp; 2541635 |
| &nbsp;&nbsp;&nbsp; Pacific Gas & Electric Co. | 3.50 | &nbsp;&nbsp; 8-1-2050 | 895000 | &nbsp;&nbsp; 587011 |
| &nbsp;&nbsp;&nbsp; Pacific Gas & Electric Co. | 3.95 | &nbsp;&nbsp; 12-1-2047 | 5409000 | &nbsp;&nbsp; 3885669 |
| &nbsp;&nbsp;&nbsp; Pacific Gas & Electric Co. | 4.20 | &nbsp;&nbsp; 6-1-2041 | 1370000 | &nbsp;&nbsp; 1067626 |
| &nbsp;&nbsp;&nbsp; Pacific Gas & Electric Co. | 4.95 | &nbsp;&nbsp; 7-1-2050 | 6737000 | &nbsp;&nbsp; 5567592 |
| &nbsp;&nbsp;&nbsp; PECO Energy Co. | 2.85 | &nbsp;&nbsp; 9-15-2051 | 2846000 | &nbsp;&nbsp; 1786347 |
| &nbsp;&nbsp;&nbsp; PPL Capital Funding, Inc. | 5.25 | &nbsp;&nbsp; 9-1-2034 | 1640000 | &nbsp;&nbsp; 1653943 |
| &nbsp;&nbsp;&nbsp; Public Service Co. of Oklahoma Series K | 3.15 | &nbsp;&nbsp; 8-15-2051 | 1596000 | &nbsp;&nbsp; 997127 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. | 1.90 | &nbsp;&nbsp; 8-15-2031 | 4054000 | &nbsp;&nbsp; 3487697 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. | 2.05 | &nbsp;&nbsp; 8-1-2050 | 655000 | &nbsp;&nbsp; 349789 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. | 2.70 | &nbsp;&nbsp; 5-1-2050 | 1103000 | &nbsp;&nbsp; 680876 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. Series Q | 5.05 | &nbsp;&nbsp; 3-1-2035 | 2724000 | &nbsp;&nbsp; 2739971 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. Series Q | 5.50 | &nbsp;&nbsp; 3-1-2055 | 1080000 | &nbsp;&nbsp; 1064006 |
| &nbsp;&nbsp;&nbsp; Sempra (5 Year Treasury Constant Maturity+2.14%)± | 6.55 | &nbsp;&nbsp; 4-1-2055 | 515000 | &nbsp;&nbsp; 496918 |
| &nbsp;&nbsp;&nbsp; Southern California Edison Co. Series C | 4.13 | &nbsp;&nbsp; 3-1-2048 | 1777000 | &nbsp;&nbsp; 1328468 |
| &nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line Co.144A | 5.00 | &nbsp;&nbsp; 1-15-2031 | 3363000 | &nbsp;&nbsp; 3406718 |
| &nbsp;&nbsp;&nbsp; Virginia Electric & Power Co. | 2.95 | &nbsp;&nbsp; 11-15-2051 | 2359000 | &nbsp;&nbsp; 1466626 |
|  |  |  |  | &nbsp;&nbsp; **117920162** |
| **Total corporate bonds and notes (Cost $1,080,506,794)** |  |  |  | &nbsp;&nbsp; **1071719544** |
| **Municipal obligations: 0.20%** |  |  |  |  |
| **Nevada: 0.04%** |  |  |  |  |
| **Airport revenue: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; County of Clark Department of Aviation Series C | 6.82 | &nbsp;&nbsp; 7-1-2045 | 2150000 | &nbsp;&nbsp; **2379948** |
| **New York: 0.07%** |  |  |  |  |
| **Airport revenue: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey | 4.46 | &nbsp;&nbsp; 10-1-2062 | 4425000 | &nbsp;&nbsp; **3700694** |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 23

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Ohio: 0.02%** |  |  |  |  |
| **Education revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ohio State University Series A | 4.80<br> %<br>| &nbsp;&nbsp; 6-1-2111 | $1295000 | &nbsp;&nbsp; **$1069919** |
| **Texas: 0.07%** |  |  |  |  |
| **Education revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Board of Regents of the University of Texas System Series B | 2.44 | &nbsp;&nbsp; 8-15-2049 | 1695000 | &nbsp;&nbsp; **1022974** |
| **Transportation revenue: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority Series B | 6.72 | &nbsp;&nbsp; 1-1-2049 | 2331000 | &nbsp;&nbsp; **2554314** |
|  |  |  |  | &nbsp;&nbsp; **3577288** |
| **Total municipal obligations (Cost $12,151,136)** |  |  |  | &nbsp;&nbsp; **10727849** |
| **Non-agency mortgage-backed securities: 1.63%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2020-2 Class A1A144A±± | 2.53 | &nbsp;&nbsp; 1-26-2065 | 873409 | &nbsp;&nbsp; 823365 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2020-5 Class A1144A±± | 1.37 | &nbsp;&nbsp; 5-25-2065 | 226991 | &nbsp;&nbsp; 216597 |
| &nbsp;&nbsp;&nbsp; Angel Oak Mortgage Trust Series 2021-6 Class A1144A±± | 1.46 | &nbsp;&nbsp; 9-25-2066 | 2123367 | &nbsp;&nbsp; 1771613 |
| &nbsp;&nbsp;&nbsp; Bank Series 2022-BNK44 Class A5±± | 5.74 | &nbsp;&nbsp; 11-15-2055 | 2017000 | &nbsp;&nbsp; 2104656 |
| &nbsp;&nbsp;&nbsp; BBCMS Mortgage Trust Series 2018-C2 Class ASB | 4.24 | &nbsp;&nbsp; 12-15-2051 | 699977 | &nbsp;&nbsp; 696524 |
| &nbsp;&nbsp;&nbsp; BBCMS Mortgage Trust Series 2022-C17 Class A5 | 4.44 | &nbsp;&nbsp; 9-15-2055 | 4118000 | &nbsp;&nbsp; 3960838 |
| &nbsp;&nbsp;&nbsp; BBCMS Mortgage Trust Series 2025-5C33 Class A4 | 5.84 | &nbsp;&nbsp; 3-15-2058 | 5135000 | &nbsp;&nbsp; 5356348 |
| &nbsp;&nbsp;&nbsp; BBCMS Mortgage Trust Series 2025-5C34 Class A3 | 5.66 | &nbsp;&nbsp; 5-15-2058 | 2332000 | &nbsp;&nbsp; 2416749 |
| &nbsp;&nbsp;&nbsp; BBCMS Mortgage Trust Series 2025-C35 Class A5±± | 5.59 | &nbsp;&nbsp; 7-15-2058 | 1285000 | &nbsp;&nbsp; 1329984 |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust Series 2021-B25 Class A4 | 2.27 | &nbsp;&nbsp; 4-15-2054 | 1722000 | &nbsp;&nbsp; 1531242 |
| &nbsp;&nbsp;&nbsp; BMO Mortgage Trust Series 2025-5C10 Class A3 | 5.58 | &nbsp;&nbsp; 5-15-2058 | 2576000 | &nbsp;&nbsp; 2653988 |
| &nbsp;&nbsp;&nbsp; BMO Mortgage Trust Series 2025-C11 Class A5 | 5.69 | &nbsp;&nbsp; 2-15-2058 | 2573000 | &nbsp;&nbsp; 2678596 |
| &nbsp;&nbsp;&nbsp; BMO Mortgage Trust Series 2025-C12 Class A5±± | 5.87 | &nbsp;&nbsp; 6-15-2058 | 1718000 | &nbsp;&nbsp; 1806502 |
| &nbsp;&nbsp;&nbsp; Bunker Hill Loan Depositary Trust Series 2019-2 Class A1144A±± | 2.88 | &nbsp;&nbsp; 7-25-2049 | 728467 | &nbsp;&nbsp; 707599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2021-VOLT Class A <br> (U.S. SOFR 1 Month+0.81%)144A±<br>| 5.16 | &nbsp;&nbsp; 9-15-2036 | 11318359 | &nbsp;&nbsp; 11297137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-VLT7 Class A (U.S. SOFR 1 <br> Month+1.70%)144A±<br>| 6.00 | &nbsp;&nbsp; 7-15-2044 | 3257000 | &nbsp;&nbsp; 3268191 |
| &nbsp;&nbsp;&nbsp; COLT Mortgage Loan Trust Series 2021-2 Class A1144A±± | 0.92 | &nbsp;&nbsp; 8-25-2066 | 2760804 | &nbsp;&nbsp; 2307095 |
| &nbsp;&nbsp;&nbsp; COLT Mortgage Loan Trust Series 2021-4 Class A1144A±± | 1.40 | &nbsp;&nbsp; 10-25-2066 | 2947753 | &nbsp;&nbsp; 2493078 |
| &nbsp;&nbsp;&nbsp; COMM Mortgage Trust Series 2015-LC23 Class A3 | 3.52 | &nbsp;&nbsp; 10-10-2048 | 69152 | &nbsp;&nbsp; 69051 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust Series 2020-GSA2 Class A4 | 1.72 | &nbsp;&nbsp; 12-12-2053 | 5595000 | &nbsp;&nbsp; 4936067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Chase Commercial Mortgage Securities Trust <br> Series 2016-JP4 Class A3<br>| 3.39 | &nbsp;&nbsp; 12-15-2049 | 925000 | &nbsp;&nbsp; 910731 |
| &nbsp;&nbsp;&nbsp; MFA Trust Series 2021-NQM2 Class A1144A±± | 1.03 | &nbsp;&nbsp; 11-25-2064 | 1042638 | &nbsp;&nbsp; 908353 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley BAML Trust Series 2025-5C1 Class A3 | 5.64 | &nbsp;&nbsp; 3-15-2058 | 1202000 | &nbsp;&nbsp; 1245980 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust Series 2020-HR8 Class A3 | 1.79 | &nbsp;&nbsp; 7-15-2053 | 2026231 | &nbsp;&nbsp; 1778868 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New Residential Mortgage Loan Trust Series 2019-NQM4 <br> Class A1144A±±<br>| 2.49 | &nbsp;&nbsp; 9-25-2059 | 482745 | &nbsp;&nbsp; 459416 |
| &nbsp;&nbsp;&nbsp; STAR Trust Series 2021-1 Class A1144A±± | 1.22 | &nbsp;&nbsp; 5-25-2065 | 753711 | &nbsp;&nbsp; 702293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust Series 2020-3 <br> Class A1144A±±<br>| 1.49 | &nbsp;&nbsp; 4-25-2065 | 596547 | &nbsp;&nbsp; 574499 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust Series 2020-INV1 <br> Class A1144A±±<br>| 1.03 | &nbsp;&nbsp; 11-25-2055 | 489767 | &nbsp;&nbsp; 461727 |

---

See accompanying notes to portfolio of investments

24 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Starwood Mortgage Residential Trust Series 2021-4 <br> Class A1144A±±<br>| 1.16<br> %<br>| &nbsp;&nbsp; 8-25-2056 | $2449329 | &nbsp;&nbsp; $2131529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA Class A <br> (U.S. SOFR 1 Month+1.44%)144A±<br>| 5.78 | &nbsp;&nbsp; 2-15-2042 | 4330000 | &nbsp;&nbsp; 4308350 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-1 Class A1144A±± | 0.82 | &nbsp;&nbsp; 1-25-2066 | 1162393 | &nbsp;&nbsp; 1032170 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-2 Class A1144A±± | 1.03 | &nbsp;&nbsp; 2-25-2066 | 2209550 | &nbsp;&nbsp; 1950958 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-3 Class A1144A±± | 1.05 | &nbsp;&nbsp; 6-25-2066 | 1913818 | &nbsp;&nbsp; 1669480 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-4 Class A1144A±± | 0.94 | &nbsp;&nbsp; 7-25-2066 | 2467508 | &nbsp;&nbsp; 2046381 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-5 Class A1144A±± | 1.01 | &nbsp;&nbsp; 9-25-2066 | 5982733 | &nbsp;&nbsp; 5101580 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-7 Class A1144A±± | 1.83 | &nbsp;&nbsp; 10-25-2066 | 2734303 | &nbsp;&nbsp; 2454649 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-8 Class A1144A±± | 1.82 | &nbsp;&nbsp; 11-25-2066 | 2443542 | &nbsp;&nbsp; 2218349 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-R1 Class A1144A±± | 0.82 | &nbsp;&nbsp; 10-25-2063 | 630096 | &nbsp;&nbsp; 607475 |
| &nbsp;&nbsp;&nbsp; Verus Securitization Trust Series 2021-R3 Class A1144A±± | 1.02 | &nbsp;&nbsp; 4-25-2064 | 918868 | &nbsp;&nbsp; 868617 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust Series 2025-C64 <br> Class A5<br>| 5.65 | &nbsp;&nbsp; 2-15-2058 | 1722000 | &nbsp;&nbsp; 1790493 |
| **Total non-agency mortgage-backed securities (Cost $90,728,817)** |  |  |  | &nbsp;&nbsp; **85647118** |
| **U.S. Treasury securities: 21.29%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 1.13 | &nbsp;&nbsp; 8-15-2040 | 39235000 | &nbsp;&nbsp; 23994655 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 1.38 | &nbsp;&nbsp; 11-15-2040 | 34279000 | &nbsp;&nbsp; 21714943 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 1.75 | &nbsp;&nbsp; 8-15-2041 | 143676000 | &nbsp;&nbsp; 94607278 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 2.00 | &nbsp;&nbsp; 11-15-2041 | 100172000 | &nbsp;&nbsp; 68300870 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 2.25 | &nbsp;&nbsp; 8-15-2046 | 29957000 | &nbsp;&nbsp; 19395987 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 2.25 | &nbsp;&nbsp; 8-15-2049 | 29743000 | &nbsp;&nbsp; 18403481 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 2.38 | &nbsp;&nbsp; 2-15-2042 | 28071000 | &nbsp;&nbsp; 20215506 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 2.50 | &nbsp;&nbsp; 5-15-2046 | 244000 | &nbsp;&nbsp; 166578 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 3.00 | &nbsp;&nbsp; 2-15-2048 | 101670000 | &nbsp;&nbsp; 74648020 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 3.00 | &nbsp;&nbsp; 8-15-2048 | 36569000 | &nbsp;&nbsp; 26725368 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 3.00 | &nbsp;&nbsp; 2-15-2049 | 49833000 | &nbsp;&nbsp; 36253507 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 3.13 | &nbsp;&nbsp; 5-15-2048 | 36805000 | &nbsp;&nbsp; 27586498 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.25 | &nbsp;&nbsp; 8-15-2054 | 17970000 | &nbsp;&nbsp; 16161769 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 2-15-2055 | 69004000 | &nbsp;&nbsp; 66103676 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 5.00 | &nbsp;&nbsp; 5-15-2045 | 66337000 | &nbsp;&nbsp; 67311325 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 1.88 | &nbsp;&nbsp; 2-28-2029 | 16490000 | &nbsp;&nbsp; 15384010 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 1.88 | &nbsp;&nbsp; 2-15-2032 | 17657000 | &nbsp;&nbsp; 15405043 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 2.38 | &nbsp;&nbsp; 3-31-2029 | 18956000 | &nbsp;&nbsp; 17969696 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 2.88 | &nbsp;&nbsp; 4-30-2029 | 28190000 | &nbsp;&nbsp; 27184630 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.63 | &nbsp;&nbsp; 3-31-2030 | 55176000 | &nbsp;&nbsp; 54410864 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.75 | &nbsp;&nbsp; 6-30-2027 | 52572000 | &nbsp;&nbsp; 52374855 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 7-31-2027 | 38678000 | &nbsp;&nbsp; 38628142 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 7-15-2028 | 29716000 | &nbsp;&nbsp; 29706714 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 6-30-2030 | 79782000 | &nbsp;&nbsp; 79495283 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.88 | &nbsp;&nbsp; 7-31-2030 | 101993000 | &nbsp;&nbsp; 101626463 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.00 | &nbsp;&nbsp; 6-30-2032 | 23736000 | &nbsp;&nbsp; 23543145 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 4.25 | &nbsp;&nbsp; 5-15-2035 | 85610000 | &nbsp;&nbsp; 84860912 |
| **Total U.S. Treasury securities (Cost $1,133,049,011)** |  |  |  | &nbsp;&nbsp; **1122179218** |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 25

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Yankee corporate bonds and notes: 3.20%** |  |  |  |  |
| **Basic materials: 0.07%** |  |  |  |  |
| **Iron/steel: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Gerdau Trade, Inc. | 5.75<br> %<br>| &nbsp;&nbsp; 6-9-2035 | $3636000 | &nbsp;&nbsp; **$3663488** |
| **Consumer, cyclical: 0.03%** |  |  |  |  |
| **Auto manufacturers: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Toyota Motor Corp. | 5.05 | &nbsp;&nbsp; 6-30-2035 | 1672000 | &nbsp;&nbsp; **1675466** |
| **Consumer, non-cyclical: 0.40%** |  |  |  |  |
| **Agriculture: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Imperial Brands Finance PLC144A | 5.63 | &nbsp;&nbsp; 7-1-2035 | 3595000 | &nbsp;&nbsp; **3598276** |
| **Food: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | 3.00 | &nbsp;&nbsp; 5-15-2032 | 3495000 | &nbsp;&nbsp; 3059893 |
| &nbsp;&nbsp;&nbsp; JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | 3.63 | &nbsp;&nbsp; 1-15-2032 | 4701000 | &nbsp;&nbsp; 4299323 |
| &nbsp;&nbsp;&nbsp; JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | 5.75 | &nbsp;&nbsp; 4-1-2033 | 1155000 | &nbsp;&nbsp; 1184423 |
| &nbsp;&nbsp;&nbsp; JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | 6.50 | &nbsp;&nbsp; 12-1-2052 | 2747000 | &nbsp;&nbsp; 2807538 |
| &nbsp;&nbsp;&nbsp; JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl | 7.25 | &nbsp;&nbsp; 11-15-2053 | 5285000 | &nbsp;&nbsp; 5859183 |
|  |  |  |  | &nbsp;&nbsp; **17210360** |
| **Pharmaceuticals: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises Pte. Ltd. | 5.30 | &nbsp;&nbsp; 5-19-2053 | 437000 | &nbsp;&nbsp; **408052** |
| **Energy: 0.42%** |  |  |  |  |
| **Oil & gas: 0.33%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Aker BP ASA144A | 5.13 | &nbsp;&nbsp; 10-1-2034 | 6824000 | &nbsp;&nbsp; 6551845 |
| &nbsp;&nbsp;&nbsp; Aker BP ASA144A | 5.80 | &nbsp;&nbsp; 10-1-2054 | 825000 | &nbsp;&nbsp; 749903 |
| &nbsp;&nbsp;&nbsp; Equinor ASA | 5.13 | &nbsp;&nbsp; 6-3-2035 | 1548000 | &nbsp;&nbsp; 1565717 |
| &nbsp;&nbsp;&nbsp; Petroleos Mexicanos | 2.46 | &nbsp;&nbsp; 12-15-2025 | 403250 | &nbsp;&nbsp; 396090 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co.144A | 6.38 | &nbsp;&nbsp; 6-2-2055 | 6191000 | &nbsp;&nbsp; 6278906 |
| &nbsp;&nbsp;&nbsp; TotalEnergies Capital SA | 5.43 | &nbsp;&nbsp; 9-10-2064 | 928000 | &nbsp;&nbsp; 862483 |
| &nbsp;&nbsp;&nbsp; TotalEnergies Capital SA | 5.64 | &nbsp;&nbsp; 4-5-2064 | 891000 | &nbsp;&nbsp; 854390 |
|  |  |  |  | &nbsp;&nbsp; **17259334** |
| **Pipelines: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Galaxy Pipeline Assets Bidco Ltd.144A | 2.16 | &nbsp;&nbsp; 3-31-2034 | 2833605 | &nbsp;&nbsp; 2526345 |
| &nbsp;&nbsp;&nbsp; Galaxy Pipeline Assets Bidco Ltd.144A | 2.63 | &nbsp;&nbsp; 3-31-2036 | 2354000 | &nbsp;&nbsp; 2020067 |
|  |  |  |  | &nbsp;&nbsp; **4546412** |
| **Financial: 1.55%** |  |  |  |  |
| **Banks: 1.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Barclays PLC (U.S. SOFR+1.59%)± | 5.79 | &nbsp;&nbsp; 2-25-2036 | 8529000 | &nbsp;&nbsp; 8715685 |
| &nbsp;&nbsp;&nbsp; BPCE SA (U.S. SOFR+1.58%)144A± | 5.39 | &nbsp;&nbsp; 5-28-2031 | 4746000 | &nbsp;&nbsp; 4833583 |
| &nbsp;&nbsp;&nbsp; BPCE SA (U.S. SOFR+1.96%)144A± | 6.03 | &nbsp;&nbsp; 5-28-2036 | 4023000 | &nbsp;&nbsp; 4152000 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA (U.S. SOFR+1.14%)144A± | 4.63 | &nbsp;&nbsp; 7-3-2029 | 5866000 | &nbsp;&nbsp; 5857030 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA (U.S. SOFR+1.36%)144A± | 4.89 | &nbsp;&nbsp; 7-3-2031 | 5866000 | &nbsp;&nbsp; 5879127 |
| &nbsp;&nbsp;&nbsp; CaixaBank SA (U.S. SOFR+1.79%)144A± | 5.58 | &nbsp;&nbsp; 7-3-2036 | 3534000 | &nbsp;&nbsp; 3553957 |
| &nbsp;&nbsp;&nbsp; Credit Agricole SA (U.S. SOFR+1.46%)144A± | 5.22 | &nbsp;&nbsp; 5-27-2031 | 6309000 | &nbsp;&nbsp; 6412073 |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (U.S. SOFR+1.30%)±%% | 4.95 | &nbsp;&nbsp; 8-4-2031 | 3129000 | &nbsp;&nbsp; 3134181 |

---

See accompanying notes to portfolio of investments

26 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Deutsche Bank AG (U.S. SOFR+2.26%)± | 3.74<br> %<br>| &nbsp;&nbsp; 1-7-2033 | $2777000 | &nbsp;&nbsp; $2507211 |
| &nbsp;&nbsp;&nbsp; ING Groep NV (U.S. SOFR+1.61%)± | 5.53 | &nbsp;&nbsp; 3-25-2036 | 6352000 | &nbsp;&nbsp; 6473806 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (U.S. SOFR+1.06%)±%% | 4.70 | &nbsp;&nbsp; 8-6-2031 | 6189000 | &nbsp;&nbsp; 6194662 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Societe Generale SA (1 Year Treasury Constant <br> Maturity+2.95%)144A±<br>| 7.13 | &nbsp;&nbsp; 1-19-2055 | 1720000 | &nbsp;&nbsp; 1794461 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. (U.S. SOFR+1.19%)± | 4.66 | &nbsp;&nbsp; 7-8-2031 | 3204000 | &nbsp;&nbsp; 3202901 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. (U.S. SOFR+1.38%)± | 4.95 | &nbsp;&nbsp; 7-8-2033 | 3204000 | &nbsp;&nbsp; 3206075 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. (U.S. SOFR+1.50%)± | 5.25 | &nbsp;&nbsp; 7-8-2036 | 3735000 | &nbsp;&nbsp; 3757112 |
|  |  |  |  | &nbsp;&nbsp; **69673864** |
| **Diversified financial services: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc. | 4.90 | &nbsp;&nbsp; 7-1-2030 | 5868000 | &nbsp;&nbsp; 5876585 |
| &nbsp;&nbsp;&nbsp; Nomura Holdings, Inc. | 5.49 | &nbsp;&nbsp; 6-29-2035 | 3375000 | &nbsp;&nbsp; 3401932 |
|  |  |  |  | &nbsp;&nbsp; **9278517** |
| **Savings & loans: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (U.S. SOFR+1.65%)144A± | 5.54 | &nbsp;&nbsp; 7-14-2036 | 2883000 | &nbsp;&nbsp; **2913738** |
| **Industrial: 0.61%** |  |  |  |  |
| **Aerospace/defense: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Embraer Netherlands Finance BV | 5.98 | &nbsp;&nbsp; 2-11-2035 | 4665000 | &nbsp;&nbsp; **4786453** |
| **Building materials: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CRH SMW Finance DAC | 5.13 | &nbsp;&nbsp; 1-9-2030 | 2949000 | &nbsp;&nbsp; **3008906** |
| **Machinery-construction & mining: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Eaton Capital ULC | 4.45 | &nbsp;&nbsp; 5-9-2030 | 2398000 | &nbsp;&nbsp; **2396623** |
| **Miscellaneous manufacturing: 0.42%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Siemens Funding BV144A | 4.35 | &nbsp;&nbsp; 5-26-2028 | 5880000 | &nbsp;&nbsp; 5898406 |
| &nbsp;&nbsp;&nbsp; Siemens Funding BV144A | 4.60 | &nbsp;&nbsp; 5-28-2030 | 3928000 | &nbsp;&nbsp; 3965343 |
| &nbsp;&nbsp;&nbsp; Siemens Funding BV144A | 4.90 | &nbsp;&nbsp; 5-28-2032 | 4729000 | &nbsp;&nbsp; 4807632 |
| &nbsp;&nbsp;&nbsp; Siemens Funding BV144A | 5.20 | &nbsp;&nbsp; 5-28-2035 | 4729000 | &nbsp;&nbsp; 4838893 |
| &nbsp;&nbsp;&nbsp; Siemens Funding BV144A | 5.80 | &nbsp;&nbsp; 5-28-2055 | 2398000 | &nbsp;&nbsp; 2481276 |
|  |  |  |  | &nbsp;&nbsp; **21991550** |
| **Utilities: 0.12%** |  |  |  |  |
| **Electric: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chile Electricity Lux MPC II Sarl144A | 5.58 | &nbsp;&nbsp; 10-20-2035 | 2191566 | &nbsp;&nbsp; 2213482 |
| &nbsp;&nbsp;&nbsp; Chile Electricity Lux MPC II Sarl144A | 5.67 | &nbsp;&nbsp; 10-20-2035 | 4164000 | &nbsp;&nbsp; 4237911 |
|  |  |  |  | &nbsp;&nbsp; **6451393** |
| **Total yankee corporate bonds and notes (Cost $166,462,154)** |  |  |  | &nbsp;&nbsp; **168862432** |
| **Yankee government bonds: 1.16%** |  |  |  |  |
| **Australia: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Export Finance & Insurance Corp.144A | 4.63 | &nbsp;&nbsp; 10-26-2027 | 6217000 | &nbsp;&nbsp; **6289797** |
| **Chile: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Chile | 5.65 | &nbsp;&nbsp; 1-13-2037 | 3335000 | &nbsp;&nbsp; **3438218** |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 27

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Israel: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Israel | 3.88<br> %<br>| &nbsp;&nbsp; 7-3-2050 | $1977000 | &nbsp;&nbsp; $1400187 |
| &nbsp;&nbsp;&nbsp; Israel | 5.38 | &nbsp;&nbsp; 2-19-2030 | 6879000 | &nbsp;&nbsp; 7029156 |
| &nbsp;&nbsp;&nbsp; Israel | 5.63 | &nbsp;&nbsp; 2-19-2035 | 1847000 | &nbsp;&nbsp; 1868539 |
| &nbsp;&nbsp;&nbsp; Israel | 5.75 | &nbsp;&nbsp; 3-12-2054 | 3865000 | &nbsp;&nbsp; 3597089 |
| &nbsp;&nbsp;&nbsp; Israel | 4.50 | &nbsp;&nbsp; 1-17-2033 | 954000 | &nbsp;&nbsp; 914222 |
|  |  |  |  | &nbsp;&nbsp; **14809193** |
| **Luxembourg: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Eagle Funding Luxco Sarl144A%% | 5.50 | &nbsp;&nbsp; 8-17-2030 | 9423000 | &nbsp;&nbsp; **9465404** |
| **Mexico: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Mexico | 4.40 | &nbsp;&nbsp; 2-12-2052 | 2355000 | &nbsp;&nbsp; 1644968 |
| &nbsp;&nbsp;&nbsp; Mexico | 4.60 | &nbsp;&nbsp; 1-23-2046 | 2600000 | &nbsp;&nbsp; 1961700 |
| &nbsp;&nbsp;&nbsp; Mexico | 4.60 | &nbsp;&nbsp; 2-10-2048 | 2227000 | &nbsp;&nbsp; 1653547 |
| &nbsp;&nbsp;&nbsp; Mexico | 4.75 | &nbsp;&nbsp; 3-8-2044 | 2448000 | &nbsp;&nbsp; 1929024 |
| &nbsp;&nbsp;&nbsp; Mexico | 6.63 | &nbsp;&nbsp; 1-29-2038 | 3977000 | &nbsp;&nbsp; 3996885 |
| &nbsp;&nbsp;&nbsp; Mexico | 3.50 | &nbsp;&nbsp; 2-12-2034 | 3174000 | &nbsp;&nbsp; 2658225 |
|  |  |  |  | &nbsp;&nbsp; **13844349** |
| **Paraguay: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Paraguay144A | 6.65 | &nbsp;&nbsp; 3-4-2055 | 1566000 | &nbsp;&nbsp; 1581503 |
| &nbsp;&nbsp;&nbsp; Paraguay144A | 5.40 | &nbsp;&nbsp; 3-30-2050 | 6170000 | &nbsp;&nbsp; 5367900 |
|  |  |  |  | &nbsp;&nbsp; **6949403** |
| **Peru: 0.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Peru | 5.50 | &nbsp;&nbsp; 3-30-2036 | 2437000 | &nbsp;&nbsp; **2424449** |
| **Poland: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank Gospodarstwa Krajowego144A | 6.25 | &nbsp;&nbsp; 7-9-2054 | 3862000 | &nbsp;&nbsp; **3873690** |
| **Total yankee government bonds (Cost $60,378,647)** |  |  |  | &nbsp;&nbsp; **61094503** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 3.57%** |  |  |  |  |
| **Investment companies: 3.57%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 4.24 | 188295587 | &nbsp;&nbsp; **188295587** |
| **Total short-term investments (Cost $188,295,587)** |  |  |  | &nbsp;&nbsp; **188295587** |
| **Total investments in securities (Cost $5,502,213,116)** | 103.36<br> %<br>|  |  | &nbsp;&nbsp; 5447250656 |
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | (3.36)<br>|  |  | &nbsp;&nbsp; (176991842)<br>|
| **Total net assets** | **100.00%**<br>|  |  | &nbsp;&nbsp; **$5270258814** |

---

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

See accompanying notes to portfolio of investments

28 \| Allspring Core Bond Portfolio

------

Portfolio of investments—July 31, 2025 (unaudited)

---

| | |
|:---|:---|
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| %% | The security is purchased on a when-issued basis. |
| ±± | The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| ♠ | The issuer of the security is an affiliated person of the Portfolio as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| BDC | Business Development Company |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| REIT | Real estate investment trust |
| RFUCCT1Y | Refinitiv USD IBOR Consumer Cash Fallbacks Term 1-year |
| SOFR | Secured Overnight Financing Rate |
| STRIPS | Separate trading of registered interest and principal securities |

---

**Investments in affiliates**

An affiliated investment is an investment in which the Portfolio owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Portfolio and the issuer having the same adviser or investment manager. Transactions with issuers that were affiliates of the Portfolio at the end of the period were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund <br> Select Class<br>| $268851171 | $609993129 | $(690548713)<br>| $0 | $0 | $188295587 | 188295587 | $1785157 |

---

See accompanying notes to portfolio of investments

Allspring Core Bond Portfolio \| 29

------

Notes to portfolio of investments—July 31, 2025 (unaudited)

Notes to portfolio of investments

Securities valuation

All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Portfolio may deviate from this calculation time under unusual or unexpected circumstances.

Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g., taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.

The values of securities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee at Allspring Funds Management, LLC ("Allspring Funds Management").

Investments in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.

Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

Foreign currency translation

The accounting records of the Portfolio are maintained in U.S. dollars. The values of other assets and liabilities denominated in foreign currencies are translated into U.S. dollars at rates provided by an independent foreign currency pricing source at a time each business day specified by the Valuation Committee. Purchases and sales of securities, and income and expenses are converted at the rate of exchange on the respective dates of such transactions. Net realized foreign exchange gains or losses arise from sales of foreign currencies, currency gains or losses realized between the trade and settlement dates on securities transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded and the U.S. dollar equivalent of the amounts actually paid or received. Net unrealized foreign exchange gains and losses arise from changes in the fair value of assets and liabilities other than investments in securities resulting from changes in exchange rates. The changes in net assets arising from changes in exchange rates of securities and the changes in net assets resulting from changes in market prices of securities are not separately presented. Such changes are included in net realized and unrealized gains or losses from investments.

When-issued transactions

The Portfolio may purchase securities on a forward commitment or when-issued basis. The Portfolio records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Portfolio's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Portfolio begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.

Mortgage dollar roll transactions

The Portfolio may engage in mortgage dollar roll transactions through To Be Announced (TBA) mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, the Portfolio sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, the Portfolio foregoes principal and interest paid on the securities. The Portfolio is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Portfolio accounts for TBA dollar roll transactions as purchases and sales which, as a result, may increase its portfolio turnover rate.

Fair valuation measurements

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Portfolio's investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Portfolio's investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:

• Level 1 – quoted prices in active markets for identical securities

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

30 \| Allspring Core Bond Portfolio

------

Notes to portfolio of investments—July 31, 2025 (unaudited)

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

• Level 3 – significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value of investments)

The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Portfolio's assets and liabilities as of July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $2278842814 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $2278842814 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 459881591 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 459881591 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1071719544 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1071719544 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 10727849 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 10727849 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 85647118 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 85647118 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 1122179218 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1122179218 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 168862432 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 168862432 |
| **Yankee government bonds** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 61094503 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 61094503 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 188295587 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 188295587 |
| **Total assets** | &nbsp;&nbsp; **$1310474805** | &nbsp;&nbsp;&nbsp; **$4136775851** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$5447250656** |

---

Additional sector, industry or geographic detail, if any, is included in the Portfolio of investments.

At July 31, 2025, the Portfolio did not have any transfers into/out of Level 3.

Allspring Core Bond Portfolio \| 31

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALLSPRING MASTER TRUST

- **b. Investment Company Act file number:** 811-09689

- **c. CIK number of Registrant:** 0001087961

- **d. LEI of Registrant:** 549300RK07I40T8DF120

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

  - **Street Address 1:** 1415 Vantage Park Drive

  - **City:** Charlotte

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

  - **Telephone number:** 833-568-4255

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

- **a. Name of Series:** Allspring Core Bond Portfolio

- **b. EDGAR series identifier (if any):** S000007564

- **c. LEI of Series:** 549300HBRVSSS2TEMC28

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5437547770.46

**Total Liabilities:** $167305141.25

**Net Assets:** $5270242629.21

**Delayed Delivery Securities:** $46319879.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2997.21000000 | **1-Year:** -107003.31000000 | **5-Year:** -342875.32000000 | **10-Year:** -393881.03000000 | **30-Year:** -216460.62000000

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

- **3-Month:** -25.83000000 | **1-Year:** -273.26000000 | **5-Year:** -1054.04000000 | **10-Year:** -4631.99000000 | **30-Year:** -4312.41000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020629 | -0.65%               | 1.54%                | -0.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6630962.04             | $-47793244.77                              |
| Month 2  | $-704436.37              | $62413819.38                               |
| Month 3  | $-6161925.17             | $-23370902.79                              |

**Designated Index Information**

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

- **Index Identifier:** agg_returns

### Schedule of Portfolio Investments

| Name                                               | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OAKTREE SPECIALTY LEND                             | Oaktree Specialty Lending Corp                                                  | CUSIP: 67401PAE8<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |   3058000 | PA      | $3050252.80   | 0.06%             | 2030-02-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138ERVH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1667870 | PA      | $1490305.23   | 0.03%             | 2045-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                             | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3878000 | PA      | $3928239.49   | 0.07%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418DRP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  19550440 | PA      | $16763533.12  | 0.32%             | 2040-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140J7VT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4465964 | PA      | $3988647.52   | 0.08%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                      | Boeing Co/The                                                                   | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1827000 | PA      | $2008171.86   | 0.04%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HC4W9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6188060 | PA      | $6219541.00   | 0.12%             | 2054-04-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                          | Apple Inc                                                                       | CUSIP: 037833DW7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1401000 | PA      | $871783.74    | 0.02%             | 2050-05-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B1FM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1836247 | PA      | $1744206.37   | 0.03%             | 2048-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                | Delta Air Lines Inc                                                             | CUSIP: 247361A24<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   7194000 | PA      | $7225912.58   | 0.14%             | 2028-07-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MWS72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4965487 | PA      | $4936969.45   | 0.09%             | 2052-08-01      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                | Petroleos Mexicanos                                                             | CUSIP: 71654QBY7<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    403250 | PA      | $396089.67    | 0.01%             | 2025-12-15      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| Bunker Hill Loan Depositary Trust                  | Bunker Hill Loan Depositary Trust 2019-2                                        | CUSIP: 12061RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    728467 | PA      | $707598.78    | 0.01%             | 2049-07-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVE75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5226440 | PA      | $5412780.13   | 0.10%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust                              | SBNA Auto Lease Trust 2024-C                                                    | CUSIP: 78398DAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2530000 | PA      | $2518824.99   | 0.05%             | 2029-03-20      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                     | Home Depot Inc/The                                                              | CUSIP: 437076CQ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1251094.68   | 0.02%             | 2052-04-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FWX39<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2413553 | PA      | $2204154.62   | 0.04%             | 2050-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BPQG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3870259 | PA      | $3308634.88   | 0.06%             | 2048-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                              | Chile Electricity Lux Mpc II Sarl                                               | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2191566 | PA      | $2213481.87   | 0.04%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                       | Synopsys Inc                                                                    | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   3857000 | PA      | $3900530.72   | 0.07%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383YCC4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14448092 | PA      | $11885402.30  | 0.23%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140W0Y58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4428468 | PA      | $3921715.67   | 0.07%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYWS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5323253 | PA      | $4674345.84   | 0.09%             | 2042-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AVTN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1762955 | PA      | $1748248.57   | 0.03%             | 2047-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136APKQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2197403 | PA      | $2141167.74   | 0.04%             | 2045-07-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                           | SUMITOMO MITSUI FINL GRP                                                        | CUSIP: 86562MEA4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3735000 | PA      | $3757111.91   | 0.07%             | 2036-07-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AUTF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1445013 | PA      | $1277214.66   | 0.02%             | 2042-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                | Starwood Mortgage Residential Trust 2021-4                                      | CUSIP: 85573PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2449329 | PA      | $2131529.11   | 0.04%             | 2056-08-25      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BGAL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    408926 | PA      | $402946.86    | 0.01%             | 2034-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                                    | Deere & Co                                                                      | CUSIP: 244199BM6<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |   3735000 | PA      | $3831551.17   | 0.07%             | 2055-01-19      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                                | Gilead Sciences Inc                                                             | CUSIP: 375558BJ1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1807000 | PA      | $1642567.32   | 0.03%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B5D77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2977176 | PA      | $2893885.91   | 0.05%             | 2059-08-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AWNE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1485977 | PA      | $1433189.59   | 0.03%             | 2044-12-25      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-3                                               | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1913818 | PA      | $1669480.40   | 0.03%             | 2066-06-25      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383YJQ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2606159 | PA      | $2550719.53   | 0.05%             | 2049-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                              | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBQ6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   2573000 | PA      | $2624944.52   | 0.05%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                  | State Street Corp                                                               | CUSIP: 857477CW1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   7196000 | PA      | $7274879.67   | 0.14%             | 2030-02-28      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 36179XDD5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  41042441 | PA      | $38125013.46  | 0.72%             | 2052-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                            | Morgan Stanley Private Bank NA                                                  | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   4326000 | PA      | $4345500.74   | 0.08%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                                        | Netflix Inc                                                                     | CUSIP: 64110LBA3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   2269000 | PA      | $2222117.01   | 0.04%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XJAK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8074806 | PA      | $7219520.48   | 0.14%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140Y6LH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3560733 | PA      | $3567867.04   | 0.07%             | 2055-04-01      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XJV83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2943685 | PA      | $2629434.99   | 0.05%             | 2043-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3142GUUQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21317626 | PA      | $21646693.52  | 0.41%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   6508000 | PA      | $5308408.15   | 0.10%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FRRE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1883000 | PA      | $1554285.07   | 0.03%             | 2050-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-R1                                              | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    630096 | PA      | $607475.26    | 0.01%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DVL29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8905451 | PA      | $7437880.90   | 0.14%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2058139 | PA      | $1909634.25   | 0.04%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6295000 | PA      | $6328106.29   | 0.12%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3129000 | PA      | $3134180.97   | 0.06%             | 2031-08-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                           | AT&T Inc                                                                        | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2313000 | PA      | $1606762.64   | 0.03%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2779000 | PA      | $2823712.89   | 0.05%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CRH AMERICA FINANCE INC                            | CRH America Finance Inc                                                         | CUSIP: 12636YAF9<br>LEI: 549300WEVUODRJ4CWK56 | Long             | DBT              | CORP              | US        |   2949000 | PA      | $3014374.26   | 0.06%             | 2035-01-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137B0BG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1145404 | PA      | $1128146.39   | 0.02%             | 2043-03-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                             | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   5289000 | PA      | $5306042.69   | 0.10%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FAN95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1569185 | PA      | $1548397.53   | 0.03%             | 2047-08-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                         | Intel Corp                                                                      | CUSIP: 458140CK4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1205843.04   | 0.02%             | 2063-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                | Citibank Credit Card Issuance Trust                                             | CUSIP: 17305EHB4<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |   6285000 | PA      | $6322574.87   | 0.12%             | 2032-06-21      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38380WV71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2433839 | PA      | $2235168.86   | 0.04%             | 2048-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                  | T-Mobile US Trust 2025-1                                                        | CUSIP: 872974AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4502000 | PA      | $4528230.00   | 0.09%             | 2029-11-20      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                          | Kroger Co/The                                                                   | CUSIP: 501044DW8<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    865000 | PA      | $816245.47    | 0.02%             | 2054-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137F8AV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1801057 | PA      | $1762660.93   | 0.03%             | 2050-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                       | Barclays PLC                                                                    | CUSIP: 06738ECZ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   8529000 | PA      | $8715684.54   | 0.17%             | 2036-02-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 143676000 | PA      | $94607278.23  | 1.80%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  1 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-5                                               | CUSIP: 92538KAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5982733 | PA      | $5101579.79   | 0.10%             | 2066-09-25      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                   | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   3747000 | PA      | $3037566.96   | 0.06%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XHP68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3147051 | PA      | $2815022.64   | 0.05%             | 2045-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4474000 | PA      | $4503471.09   | 0.09%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132A5DF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6457728 | PA      | $5740521.96   | 0.11%             | 2045-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BKUP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1531154 | PA      | $1287310.56   | 0.02%             | 2051-08-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                            | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3512000 | PA      | $3205723.01   | 0.06%             | 2031-02-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                  | Kinder Morgan Inc                                                               | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   3084000 | PA      | $3146930.72   | 0.06%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                              | Texas Instruments Inc                                                           | CUSIP: 882508CM4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   3871000 | PA      | $3921742.85   | 0.07%             | 2035-05-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                | Nomura Holdings Inc                                                             | CUSIP: 65535HBZ1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   5868000 | PA      | $5876585.18   | 0.11%             | 2030-07-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                       | Alphabet Inc                                                                    | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   2548000 | PA      | $2500105.68   | 0.05%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                           | Baltimore Gas and Electric Co                                                   | CUSIP: 059165EN6<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |   2359000 | PA      | $2086255.79   | 0.04%             | 2031-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YEA3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4180000 | PA      | $4251896.08   | 0.08%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Program LLC               | SoFi Professional Loan Program 2021-B Trust                                     | CUSIP: 83405NAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2524750 | PA      | $2186700.50   | 0.04%             | 2047-02-15      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AXUG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1562469 | PA      | $1489046.91   | 0.03%             | 2033-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H63N3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5144713 | PA      | $4696868.15   | 0.09%             | 2048-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                | Elevance Health Inc                                                             | CUSIP: 036752AY9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1010298.41   | 0.02%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                             | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6253000 | PA      | $6364366.37   | 0.12%             | 2031-04-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ANQS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2911972 | PA      | $2859851.54   | 0.05%             | 2045-05-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                          | CUSIP: 91324PFK3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2162000 | PA      | $2087008.09   | 0.04%             | 2044-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                              | Chile Electricity Lux Mpc II Sarl                                               | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   4164000 | PA      | $4237911.00   | 0.08%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                    | DTE Electric Co                                                                 | CUSIP: 23338VAL0<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   2754000 | PA      | $1795482.89   | 0.03%             | 2050-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138MFHB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2787484 | PA      | $2494674.27   | 0.05%             | 2042-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                | Kimco Realty OP LLC                                                             | CUSIP: 49447BAB9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |   2424000 | PA      | $2369228.60   | 0.04%             | 2035-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ATTP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1911000 | PA      | $1434713.25   | 0.03%             | 2046-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BGAH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2421182 | PA      | $2090440.63   | 0.04%             | 2051-02-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DMBC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5525531 | PA      | $4876312.77   | 0.09%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38678000 | PA      | $38628141.74  | 0.73%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                     | PECO Energy Co                                                                  | CUSIP: 693304BC0<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |   2846000 | PA      | $1786347.34   | 0.03%             | 2051-09-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                 | Siemens Funding BV                                                              | CUSIP: 82622RAA4<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   5880000 | PA      | $5898405.87   | 0.11%             | 2028-05-26      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137ATFL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1765111 | PA      | $1634900.25   | 0.03%             | 2042-02-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FH4G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1200168 | PA      | $1169821.77   | 0.02%             | 2048-09-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVRV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4107118 | PA      | $4243644.58   | 0.08%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                              | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBG8<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2621814.16   | 0.05%             | 2032-03-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38385BN55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1551252 | PA      | $1091639.92   | 0.02%             | 2055-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    928000 | PA      | $759531.20    | 0.01%             | 2063-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2180000 | PA      | $1797439.78   | 0.03%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ATUD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2760918 | PA      | $2566561.63   | 0.05%             | 2046-09-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38384KGP0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2303784 | PA      | $2100224.95   | 0.04%             | 2054-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                    | DTE Electric Co                                                                 | CUSIP: 23338VAR7<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1262000 | PA      | $921326.67    | 0.02%             | 2052-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AL3F4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1666997 | PA      | $1652905.06   | 0.03%             | 2042-01-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JCS70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4980976 | PA      | $4991653.08   | 0.09%             | 2054-07-01      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-WISC                           | Northern States Power Co/WI                                                     | CUSIP: 665789BC6<br>LEI: OOVRSRHKQSBLKRB7QM17 | Long             | DBT              | CORP              | US        |   1548000 | PA      | $1556478.63   | 0.03%             | 2054-06-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DSS45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1307299 | PA      | $1171002.38   | 0.02%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-2                                               | CUSIP: 92538FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2209550 | PA      | $1950958.36   | 0.04%             | 2066-02-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust               | Toyota Auto Loan Extended Note Trust 2025-1                                     | CUSIP: 891950AA5<br>LEI: 254900QVX5SBHB37FT67 | Long             | ABS-O            | CORP              | US        |   4517000 | PA      | $4554276.09   | 0.09%             | 2038-05-25      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                       | Synopsys Inc                                                                    | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   2697000 | PA      | $2717746.16   | 0.05%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVMF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1045672 | PA      | $1101789.42   | 0.02%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A2SV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1407588 | PA      | $1394076.08   | 0.03%             | 2041-12-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DU6G7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2485989 | PA      | $2525492.04   | 0.05%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CW6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1359000 | PA      | $1389314.25   | 0.03%             | 2032-02-12      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BPJ34<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6812293 | PA      | $6429181.00   | 0.12%             | 2045-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                  | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8287000 | PA      | $8429859.26   | 0.16%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust       | American Express Credit Account Master Trust                                    | CUSIP: 02582JKV1<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  17801000 | PA      | $17872773.63  | 0.34%             | 2030-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                     | ALLSPRING GOVERNMENT MONEY MAR                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        | 188295587 | NS      | $188295586.65 | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137ATDS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1410994 | PA      | $1390879.68   | 0.03%             | 2042-08-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418EDM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4349340 | PA      | $3815286.22   | 0.07%             | 2042-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MFRA TRUST                                         | MFA 2021-NQM2 Trust                                                             | CUSIP: 55283WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1042638 | PA      | $908352.50    | 0.02%             | 2064-11-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DUKW6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12765157 | PA      | $13419293.39  | 0.25%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XJVS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5324789 | PA      | $4736301.72   | 0.09%             | 2040-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H6WG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2681112 | PA      | $2495185.39   | 0.05%             | 2051-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H56A0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3766650 | PA      | $3325857.22   | 0.06%             | 2049-04-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BK2Z4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2893667 | PA      | $2548764.86   | 0.05%             | 2049-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                  | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9135000 | PA      | $9247645.15   | 0.18%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2024-3                                   | CUSIP: 80287LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4490000 | PA      | $4510664.78   | 0.09%             | 2029-01-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| OHIO EDISON CO                                     | Ohio Edison Co                                                                  | CUSIP: 677347CJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2323000 | PA      | $2349332.78   | 0.04%             | 2029-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2021-VOLT                                          | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11318359 | PA      | $11297136.87  | 0.21%             | 2036-09-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YDT3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   2685000 | PA      | $2739720.70   | 0.05%             | 2031-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR INC                                    | Caterpillar Inc                                                                 | CUSIP: 149123CL3<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | DBT              | CORP              | US        |   5884000 | PA      | $5998445.15   | 0.11%             | 2035-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                       | Ford Credit Auto Owner Trust 2024-D                                             | CUSIP: 34535VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1992000 | PA      | $2003849.01   | 0.04%             | 2029-08-15      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BPXH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2059169 | PA      | $2044135.88   | 0.04%             | 2046-06-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                  | T-Mobile US Trust 2024-2                                                        | CUSIP: 87268CAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4740000 | PA      | $4728758.14   | 0.09%             | 2029-05-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  90203000 | PA      | $89413723.75  | 1.70%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XN6S8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5184600 | PA      | $4377234.26   | 0.08%             | 2042-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                                   | Alabama Power Co                                                                | CUSIP: 010392GC6<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |   2502000 | PA      | $2514801.63   | 0.05%             | 2035-04-02      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133B1BM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1259752 | PA      | $1011215.85   | 0.02%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                           | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1647000 | PA      | $1683149.71   | 0.03%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MMXZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4517571 | PA      | $4463482.01   | 0.08%             | 2052-07-01      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38378UWV5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2592071 | PA      | $2386165.41   | 0.05%             | 2043-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SUN COMMUNITIES OPER LP                            | Sun Communities Operating LP                                                    | CUSIP: 866677AH0<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              |  | US        |   3344000 | PA      | $3180329.69   | 0.06%             | 2032-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                     | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   6737000 | PA      | $5567592.01   | 0.11%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CRH SMW FINANCE DAC                                | CRH SMW Finance DAC                                                             | CUSIP: 12704PAB4<br>LEI: 54930044475SH442C864 | Long             | DBT              | CORP              | IE        |   2949000 | PA      | $3008906.43   | 0.06%             | 2030-01-09      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                              | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3273000 | PA      | $3317066.62   | 0.06%             | 2029-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust          | SFS Auto Receivables Securitization Trust 2025-2                                | CUSIP: 78398HAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3337000 | PA      | $3357029.68   | 0.06%             | 2031-05-20      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B3QB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1528799 | PA      | $1475919.54   | 0.03%             | 2048-12-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                           | Devon Energy Corp                                                               | CUSIP: 25179MBG7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   3677000 | PA      | $3571850.08   | 0.07%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418CDL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5324934 | PA      | $4690060.98   | 0.09%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142AWQF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2871956 | PA      | $2874631.54   | 0.05%             | 2055-08-01      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                               | Saudi Arabian Oil Co                                                            | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   6191000 | PA      | $6278906.01   | 0.12%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MHUN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2232927 | PA      | $1848219.55   | 0.04%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2527000 | PA      | $2442009.28   | 0.05%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B0AG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2867092 | PA      | $2824825.49   | 0.05%             | 2047-12-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AD7G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1321161 | PA      | $1108900.16   | 0.02%             | 2043-05-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XRRM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3549001 | PA      | $3314363.90   | 0.06%             | 2037-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC                               | Entergy Arkansas LLC                                                            | CUSIP: 29366MAD0<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |   3539000 | PA      | $3617899.21   | 0.07%             | 2033-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31374CS31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4038740 | PA      | $3663553.34   | 0.07%             | 2044-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                   | Crown Castle Inc                                                                | CUSIP: 22822VAW1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   2993000 | PA      | $2575585.27   | 0.05%             | 2031-04-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140Y6YJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  35105827 | PA      | $34983840.43  | 0.66%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138EQKN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    410620 | PA      | $390123.79    | 0.01%             | 2045-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382NFF9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2163870 | PA      | $2130471.47   | 0.04%             | 2051-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                           | TotalEnergies Capital SA                                                        | CUSIP: 89157XAC5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    891000 | PA      | $854390.49    | 0.02%             | 2064-04-05      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                        | Ally Auto Receivables Trust 2022-3                                              | CUSIP: 02008DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1860000 | PA      | $1866939.29   | 0.04%             | 2028-10-16      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5527000 | PA      | $5583454.16   | 0.11%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                           | Northern States Power Co/MN                                                     | CUSIP: 665772CZ0<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   3859000 | PA      | $3879276.46   | 0.07%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                              | Mexico Government International Bond                                            | CUSIP: 91087BBF6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3977000 | PA      | $3996885.00   | 0.08%             | 2038-01-29      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                          | CUSIP: 91324PEY4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3695000 | PA      | $3707639.60   | 0.07%             | 2027-04-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QKKA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9618965 | PA      | $7786245.70   | 0.15%             | 2046-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XMAN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2779360 | PA      | $2482065.27   | 0.05%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                        | Aker BP ASA                                                                     | CUSIP: 00973RAP8<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    825000 | PA      | $749903.45    | 0.01%             | 2054-10-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                   | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAG2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   2777000 | PA      | $2507211.01   | 0.05%             | 2033-01-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXTM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7614487 | PA      | $6669452.24   | 0.13%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FYCE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2958525 | PA      | $2431060.81   | 0.05%             | 2051-02-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                              | CUSIP: 29273RBL2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1806000 | PA      | $1590382.24   | 0.03%             | 2047-04-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142AWQG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2936680 | PA      | $2954240.94   | 0.06%             | 2055-08-01      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FKLB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4002136 | PA      | $3954565.08   | 0.08%             | 2049-01-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AJB29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1442355 | PA      | $1429852.11   | 0.03%             | 2041-11-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4657000 | PA      | $4857986.34   | 0.09%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KNJJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  55335659 | PA      | $46141991.38  | 0.88%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A6EJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1870393 | PA      | $1856187.33   | 0.04%             | 2042-05-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XHU39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2367834 | PA      | $2353038.73   | 0.04%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                             | Chase Auto Owner Trust 2022-A                                                   | CUSIP: 16144JAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2419000 | PA      | $2408020.88   | 0.05%             | 2028-03-27      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2025-C11 Mortgage Trust                                                     | CUSIP: 05613XAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2573000 | PA      | $2678595.66   | 0.05%             | 2058-02-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29957000 | PA      | $19395987.38  | 0.37%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KLUA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9092003 | PA      | $7598485.00   | 0.14%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A9AN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    932199 | PA      | $921695.29    | 0.02%             | 2042-10-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                             | Galaxy Pipeline Assets Bidco Ltd                                                | CUSIP: 36321PAD2<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   2833605 | PA      | $2526345.04   | 0.05%             | 2034-03-31      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-8                                               | CUSIP: 92538GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2443542 | PA      | $2218349.32   | 0.04%             | 2066-11-25      | Variable      | 1.82%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                          | Apple Inc                                                                       | CUSIP: 037833EE6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1286000 | PA      | $896470.52    | 0.02%             | 2041-02-08      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds              | Mexico Government International Bonds                                           | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2448000 | PA      | $1929024.00   | 0.04%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9289000 | PA      | $9377214.38   | 0.18%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BRN76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3924063 | PA      | $3885598.14   | 0.07%             | 2046-08-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                   | T-Mobile USA Inc                                                                | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   3105000 | PA      | $3128850.81   | 0.06%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXHL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1958066 | PA      | $1828245.53   | 0.03%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4483000 | PA      | $4423264.61   | 0.08%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYTW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14310806 | PA      | $12278826.01  | 0.23%             | 2040-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2021-E                                | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7284635 | PA      | $6502585.87   | 0.12%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust              | GM Financial Automobile Leasing Trust 2023-3                                    | CUSIP: 379929AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1557000 | PA      | $1561911.87   | 0.03%             | 2027-08-20      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                               | Howmet Aerospace Inc                                                            | CUSIP: 443201AC2<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   2395000 | PA      | $2422174.08   | 0.05%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| World Financial Network Credit Card Master Trust   | World Financial Network Credit Card Master Trust                                | CUSIP: 981464HR4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1339000 | PA      | $1361937.61   | 0.03%             | 2031-02-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36805000 | PA      | $27586497.66  | 0.52%             | 2048-05-15      | Fixed         | 3.13%                 | No            |                  1 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2025-5C10 Mortgage Trust                                                    | CUSIP: 05615BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2576000 | PA      | $2653988.40   | 0.05%             | 2058-05-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XNZC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2641397 | PA      | $2789051.19   | 0.05%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                        | SBNA Auto Receivables Trust 2024-A                                              | CUSIP: 78437PAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1116000 | PA      | $1123758.10   | 0.02%             | 2029-04-16      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                           | Benchmark 2021-B25 Mortgage Trust                                               | CUSIP: 08163DAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1722000 | PA      | $1531241.83   | 0.03%             | 2054-04-15      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2019-D                                | CUSIP: 63941CAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3428652 | PA      | $3315880.62   | 0.06%             | 2059-12-15      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   1874000 | PA      | $1634750.75   | 0.03%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                               | Glencore Funding LLC                                                            | CUSIP: 378272BU1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2086000 | PA      | $2126814.01   | 0.04%             | 2034-04-04      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| EXPORT FIN & INS CORP                              | Export Finance & Insurance Corp                                                 | CUSIP: 30220L2B9<br>LEI: 213800XAAULSUYWPBB61 | Long             | DBT              | NUSS              | AU        |   6217000 | PA      | $6289796.78   | 0.12%             | 2027-10-26      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                | New Residential Mortgage Loan Trust 2019-NQM4                                   | CUSIP: 64828EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    482745 | PA      | $459415.95    | 0.01%             | 2059-09-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ALXB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1620513 | PA      | $1598513.81   | 0.03%             | 2044-11-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                                        | Aker BP ASA                                                                     | CUSIP: 00973RAN3<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   6824000 | PA      | $6551844.96   | 0.12%             | 2034-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140AXCD7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4594258 | PA      | $4632172.63   | 0.09%             | 2055-05-01      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae I Pool                                                               | CUSIP: 3622AB3S9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8878871 | PA      | $7960388.92   | 0.15%             | 2047-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                 | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   7029000 | PA      | $6884778.06   | 0.13%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                   | BAT Capital Corp                                                                | CUSIP: 054989AD0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    979000 | PA      | $1091552.56   | 0.02%             | 2053-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds              | Mexico Government International Bonds                                           | CUSIP: 91087BAS9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2355000 | PA      | $1644967.50   | 0.03%             | 2052-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AYPC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1701210 | PA      | $1697410.72   | 0.03%             | 2047-10-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                        | PepsiCo Inc                                                                     | CUSIP: 713448GJ1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   3871000 | PA      | $3867869.75   | 0.07%             | 2032-07-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                 | Regency Centers LP                                                              | CUSIP: 75884RAZ6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |   4170000 | PA      | $3928679.89   | 0.07%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JB6J0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18118715 | PA      | $18138443.47  | 0.34%             | 2053-04-01      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QV3K8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3414282 | PA      | $3468541.53   | 0.07%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BSAQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2126300 | PA      | $2108512.94   | 0.04%             | 2046-10-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                           | Capital One Financial Corp                                                      | CUSIP: 14040HDF9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   6917000 | PA      | $7206212.84   | 0.14%             | 2035-02-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                              | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   7262000 | PA      | $6864225.33   | 0.13%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137B6VQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2977769 | PA      | $2943565.57   | 0.06%             | 2043-12-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QWY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7722538 | PA      | $7617367.05   | 0.14%             | 2053-05-01      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H6SL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2502067 | PA      | $2320200.48   | 0.04%             | 2049-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-7                                               | CUSIP: 92538QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2734303 | PA      | $2454649.02   | 0.05%             | 2066-10-25      | Variable      | 1.83%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                       | Comcast Corp                                                                    | CUSIP: 20030NEF4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2876000 | PA      | $2639614.23   | 0.05%             | 2053-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AMERICAN TRANSMISSION SY                           | American Transmission Systems Inc                                               | CUSIP: 030288AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1099000 | PA      | $966738.28    | 0.02%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                       | Synopsys Inc                                                                    | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   3086000 | PA      | $3117771.60   | 0.06%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                         | AbbVie Inc                                                                      | CUSIP: 00287YAR0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    276000 | PA      | $265180.26    | 0.01%             | 2035-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                | Consumers Energy Co                                                             | CUSIP: 210518DZ6<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |   3422000 | PA      | $3433470.92   | 0.07%             | 2035-05-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYS91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2272333 | PA      | $2101776.60   | 0.04%             | 2040-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC                            | PPL Capital Funding Inc                                                         | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1653942.64   | 0.03%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JCT38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12028458 | PA      | $12040672.66  | 0.23%             | 2055-07-01      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                      | Synchrony Card Funding LLC                                                      | CUSIP: 87166PAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11914000 | PA      | $11972415.53  | 0.23%             | 2031-05-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FLTS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2664428 | PA      | $2436568.44   | 0.05%             | 2050-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK Inc                                                                       | CUSIP: 682680CG6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    720000 | PA      | $663975.61    | 0.01%             | 2064-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVL28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1881468 | PA      | $1948550.67   | 0.04%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                             | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2344000 | PA      | $2431957.78   | 0.05%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| General Motors                                     | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886EB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9195000 | PA      | $9257025.79   | 0.18%             | 2030-03-15      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                             | Cadence Design Systems Inc                                                      | CUSIP: 127387AN8<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   9282000 | PA      | $9252423.09   | 0.18%             | 2029-09-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XHDY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  24301582 | PA      | $21335199.59  | 0.40%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVL85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2910057 | PA      | $3062229.81   | 0.06%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7108000 | PA      | $7258585.11   | 0.14%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                | Elevance Health Inc                                                             | CUSIP: 036752BB8<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1258000 | PA      | $1263876.22   | 0.02%             | 2030-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                              | Micron Technology Inc                                                           | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   6327000 | PA      | $6584965.96   | 0.12%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT                            | Jersey Central Power & Light Co                                                 | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   2592000 | PA      | $2272664.51   | 0.04%             | 2032-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                       | ING Groep NV                                                                    | CUSIP: 456837BS1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   6352000 | PA      | $6473805.70   | 0.12%             | 2036-03-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-4                                               | CUSIP: 92538HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2467508 | PA      | $2046381.16   | 0.04%             | 2066-07-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BKCP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2795687 | PA      | $2284101.93   | 0.04%             | 2051-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXT36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2933060 | PA      | $2633861.03   | 0.05%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AUZ28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2581002 | PA      | $2542258.05   | 0.05%             | 2042-10-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXJ60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15674113 | PA      | $13552514.47  | 0.26%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                           | Angel Oak Mortgage Trust 2020-5                                                 | CUSIP: 03464WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    226991 | PA      | $216597.13    | 0.00%             | 2065-05-25      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ATQJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    703261 | PA      | $700328.55    | 0.01%             | 2046-09-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CQ9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   5623000 | PA      | $5620974.26   | 0.11%             | 2029-08-14      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382NLJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1342009 | PA      | $1321878.02   | 0.03%             | 2051-02-20      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383PLD1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9804879 | PA      | $8690512.68   | 0.16%             | 2052-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132AEUB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4171131 | PA      | $3730195.27   | 0.07%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3142GS4R6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1926673 | PA      | $2030070.25   | 0.04%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA Inc                                                                         | CUSIP: 404119CR8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1342000 | PA      | $1287054.47   | 0.02%             | 2053-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138W9BH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2291453 | PA      | $2046978.06   | 0.04%             | 2043-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                          | Apple Inc                                                                       | CUSIP: 037833EZ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   4649000 | PA      | $4652995.72   | 0.09%             | 2030-05-12      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                            | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111FW8<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    899000 | PA      | $621202.78    | 0.01%             | 2059-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382XAA3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2245939 | PA      | $1812055.38   | 0.03%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B1Q49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2973604 | PA      | $2812642.99   | 0.05%             | 2048-06-25      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYUJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15172926 | PA      | $12982712.87  | 0.25%             | 2040-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137B3V70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3720297 | PA      | $3657153.74   | 0.07%             | 2043-08-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| GENERAL DYNAMICS CORP                              | General Dynamics Corp                                                           | CUSIP: 369550BR8<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   3483000 | PA      | $3490535.44   | 0.07%             | 2035-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                | CUSIP: 95000U3N1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2880000 | PA      | $2887809.32   | 0.05%             | 2035-12-03      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Starwood Residential Mortgage Trust                | STAR 2021-1 Trust                                                               | CUSIP: 85573GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    753711 | PA      | $702293.09    | 0.01%             | 2065-05-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                     | Lowe's Cos Inc                                                                  | CUSIP: 548661EB9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2143000 | PA      | $1454885.04   | 0.03%             | 2051-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2018-D                                | CUSIP: 63940UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1328131 | PA      | $1312447.26   | 0.02%             | 2059-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                          | MSBAM                                                                           | CUSIP: 61778GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1202000 | PA      | $1245979.98   | 0.02%             | 2058-03-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO                               | Saudi Arabian Oil Co                                                            | CUSIP: 80414L2X2<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    854000 | PA      | $859778.10    | 0.02%             | 2030-06-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                            | Public Service Co of Oklahoma                                                   | CUSIP: 744533BP4<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |   1596000 | PA      | $997127.37    | 0.02%             | 2051-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                           | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MDZ0<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3204000 | PA      | $3206075.01   | 0.06%             | 2033-07-08      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6898000 | PA      | $7038975.39   | 0.13%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2021-C                                | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3504389 | PA      | $3173715.85   | 0.06%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 31427MSZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3229897 | PA      | $2844470.93   | 0.05%             | 2049-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust          | SFS Auto Receivables Securitization Trust 2024-1                                | CUSIP: 78435VAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    971000 | PA      | $980059.72    | 0.02%             | 2031-01-21      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                 | Siemens Funding BV                                                              | CUSIP: 82622RAF3<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   2398000 | PA      | $2481275.56   | 0.05%             | 2055-05-28      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B5ZS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2132640 | PA      | $2090343.47   | 0.04%             | 2049-08-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae                                                                      | CUSIP: 21H052686<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  44600000 | PA      | $44479625.49  | 0.84%             | 2054-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ARQU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1484854 | PA      | $1468372.62   | 0.03%             | 2046-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                         | Intel Corp                                                                      | CUSIP: 458140BJ8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    889000 | PA      | $542597.05    | 0.01%             | 2049-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FCD1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6277000 | PA      | $6159265.07   | 0.12%             | 2034-10-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust                                                            | CUSIP: 92348KDJ9<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   8142000 | PA      | $8104705.57   | 0.15%             | 2032-08-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust 2025-C                                  | CUSIP: 44935GAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4992000 | PA      | $4985069.61   | 0.09%             | 2028-07-17      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | Carmax Auto Owner Trust 2025-2                                                  | CUSIP: 14320AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8378000 | PA      | $8403322.51   | 0.16%             | 2030-03-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38379QD93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2784523 | PA      | $2443898.90   | 0.05%             | 2045-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AUAS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3590254 | PA      | $3555807.94   | 0.07%             | 2046-11-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                           | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    970000 | PA      | $996914.34    | 0.02%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                 | Siemens Funding BV                                                              | CUSIP: 82622RAD8<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   4729000 | PA      | $4807632.11   | 0.09%             | 2032-05-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132CXVT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6046215 | PA      | $5922434.71   | 0.11%             | 2033-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FUQ98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2371797 | PA      | $2357859.34   | 0.04%             | 2050-07-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 3622ACCS7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3745418 | PA      | $3849789.99   | 0.07%             | 2053-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                          | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   4554000 | PA      | $4493840.34   | 0.09%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133B3ZD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1893828 | PA      | $1493392.29   | 0.03%             | 2047-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust           | AmeriCredit Automobile Receivables Trust 2023-2                                 | CUSIP: 03065UAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3502000 | PA      | $3526890.47   | 0.07%             | 2028-05-18      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  62717000 | PA      | $63638155.94  | 1.21%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52844000 | PA      | $52654091.88  | 1.00%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137ATCV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2241871 | PA      | $2091550.12   | 0.04%             | 2041-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H77M9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5162884 | PA      | $4904948.89   | 0.09%             | 2050-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                 | Realty Income Corp                                                              | CUSIP: 756109CC6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   1825000 | PA      | $1745751.69   | 0.03%             | 2030-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                     | Home Depot Inc/The                                                              | CUSIP: 437076DD1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1792000 | PA      | $1827674.81   | 0.03%             | 2031-06-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2025-2                                   | CUSIP: 80287NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4443000 | PA      | $4454978.33   | 0.08%             | 2029-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey            | PORT AUTH OF NEW YORK & NEW JERSEY NY                                           | CUSIP: 73358WJA3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4425000 | PA      | $3700693.88   | 0.07%             | 2062-10-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                              | Accenture Capital Inc                                                           | CUSIP: 00440KAD5<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |   3945000 | PA      | $3817617.49   | 0.07%             | 2034-10-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                                  | NSTAR Electric Co                                                               | CUSIP: 67021CAW7<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |   1389000 | PA      | $1400920.63   | 0.03%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142AWQC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4623310 | PA      | $4667131.35   | 0.09%             | 2055-07-01      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140W1UP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3733448 | PA      | $3334883.79   | 0.06%             | 2048-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVR63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3823333 | PA      | $3959649.80   | 0.08%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust             | Santander Drive Auto Receivables Trust 2025-3                                   | CUSIP: 80288JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5432000 | PA      | $5432862.06   | 0.10%             | 2030-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTA                           | Trans-Allegheny Interstate Line Co                                              | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3363000 | PA      | $3406717.69   | 0.06%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   4701000 | PA      | $4299322.58   | 0.08%             | 2032-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                         | Intel Corp                                                                      | CUSIP: 458140BV1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1519000 | PA      | $998632.80    | 0.02%             | 2041-08-12      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 31427M5F4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3206698 | PA      | $2822222.31   | 0.05%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MM3B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4089959 | PA      | $4041926.65   | 0.08%             | 2052-08-01      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS Mortgage Trust 2018-C2                                                    | CUSIP: 05491UBA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    699977 | PA      | $696523.90    | 0.01%             | 2051-12-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38384QXH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3616000 | PA      | $3053538.07   | 0.06%             | 2049-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAA0<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |    525000 | PA      | $445648.92    | 0.01%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B2TN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2345913 | PA      | $2216710.72   | 0.04%             | 2048-08-25      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAG7<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |   2691000 | PA      | $2594052.90   | 0.05%             | 2035-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                           | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1459000 | PA      | $1499306.22   | 0.03%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383LFS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9335444 | PA      | $9225202.73   | 0.18%             | 2052-11-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38380HEJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6412297 | PA      | $5769663.48   | 0.11%             | 2047-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                                 | BMO 2025-C12 Mortgage Trust                                                     | CUSIP: 05615DAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1718000 | PA      | $1806501.74   | 0.03%             | 2058-06-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                            | Public Service Electric and Gas Co                                              | CUSIP: 74456QCE4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    655000 | PA      | $349788.88    | 0.01%             | 2050-08-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                | Southern California Edison Co                                                   | CUSIP: 842400GK3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1777000 | PA      | $1328468.35   | 0.03%             | 2048-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383RU96<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3532936 | PA      | $2941344.76   | 0.06%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                   | Freddie Mac Strips                                                              | CUSIP: 3128HXT88<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1291058 | PA      | $1273678.98   | 0.02%             | 2042-08-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds              | Mexico Government International Bonds                                           | CUSIP: 91087BAR1<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   3174000 | PA      | $2658225.00   | 0.05%             | 2034-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418CCH5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6673791 | PA      | $5881884.98   | 0.11%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HAL87<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4802177 | PA      | $4815116.74   | 0.09%             | 2039-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXUX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1116957 | PA      | $1039992.63   | 0.02%             | 2044-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38384XN25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  21059465 | PA      | $19998712.15  | 0.38%             | 2051-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust           | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QJK1<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  10451000 | PA      | $10427763.25  | 0.20%             | 2029-09-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137A0PE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1599947 | PA      | $1589547.12   | 0.03%             | 2040-07-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138Y7DK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85236 | PA      | $82784.14     | 0.00%             | 2046-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Trust                  | BA Credit Card Trust                                                            | CUSIP: 05522RDK1<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |  10844000 | PA      | $10883743.26  | 0.21%             | 2030-05-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ADY52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1799912 | PA      | $1540874.86   | 0.03%             | 2043-05-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                            | John Deere Capital Corp                                                         | CUSIP: 24422EXD6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   3290000 | PA      | $3320532.45   | 0.06%             | 2026-09-08      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust                               | USB Auto Owner Trust 2025-1                                                     | CUSIP: 90367VAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4075000 | PA      | $4074552.16   | 0.08%             | 2030-06-17      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                 | Regency Centers LP                                                              | CUSIP: 75884RBD4<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |   2634000 | PA      | $2660900.01   | 0.05%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                   | Freddie Mac Strips                                                              | CUSIP: 3132HT3R5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1890744 | PA      | $1879729.79   | 0.04%             | 2044-03-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382FFR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1992342 | PA      | $1631515.27   | 0.03%             | 2050-04-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVFB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4332786 | PA      | $4559354.87   | 0.09%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QKQY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5896952 | PA      | $5221482.98   | 0.10%             | 2041-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC                               | Entergy Arkansas LLC                                                            | CUSIP: 29366MAB4<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |   2124000 | PA      | $1247167.35   | 0.02%             | 2051-06-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust 2020-INV1      | Starwood Mortgage Residential Trust 2020-INV                                    | CUSIP: 85573EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    489767 | PA      | $461726.45    | 0.01%             | 2055-11-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JCQB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2256982 | PA      | $2231613.09   | 0.04%             | 2054-12-01      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                            | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc                     | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9303000 | PA      | $9020738.70   | 0.17%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EATON CAPITAL ULC                                  | Eaton Capital ULC                                                               | CUSIP: 27806HAA9<br>LEI: 549300OLS85LSODKAF64 | Long             | DBT              | CORP              | IE        |   2398000 | PA      | $2396622.92   | 0.05%             | 2030-05-09      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                            | John Deere Capital Corp                                                         | CUSIP: 24422EYE3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   4159000 | PA      | $4180472.88   | 0.08%             | 2030-06-05      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AT4D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1758761 | PA      | $1744902.20   | 0.03%             | 2046-10-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                 | Union Pacific Corp                                                              | CUSIP: 907818GH5<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1393000 | PA      | $1378137.28   | 0.03%             | 2054-12-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYUA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8192614 | PA      | $7015607.17   | 0.13%             | 2040-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383FF57<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12519561 | PA      | $10490825.99  | 0.20%             | 2049-10-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVEW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10378963 | PA      | $10723972.21  | 0.20%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                        | Truist Bank                                                                     | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   7249000 | PA      | $7238495.04   | 0.14%             | 2028-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HAKD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4399623 | PA      | $4314526.16   | 0.08%             | 2045-04-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XDJH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5872207 | PA      | $5011064.75   | 0.10%             | 2041-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133USHW4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5674750 | PA      | $4978889.43   | 0.09%             | 2046-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HFL94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2367735 | PA      | $2338610.69   | 0.04%             | 2044-01-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                             | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CA1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   4126000 | PA      | $4122920.97   | 0.08%             | 2032-10-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                       | Comcast Corp                                                                    | CUSIP: 20030NDW8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $1106460.82   | 0.02%             | 2063-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JBYR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3165962 | PA      | $3283206.83   | 0.06%             | 2050-03-01      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H7W33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2492978 | PA      | $2379528.09   | 0.05%             | 2039-07-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                              | Accenture Capital Inc                                                           | CUSIP: 00440KAC7<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |   7173000 | PA      | $7063621.43   | 0.13%             | 2031-10-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AVFH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1616164 | PA      | $1514222.12   | 0.03%             | 2046-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XQ6F9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4592073 | PA      | $4632166.03   | 0.09%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  78963000 | PA      | $78679226.72  | 1.49%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HCHB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4076266 | PA      | $4065815.10   | 0.08%             | 2054-04-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 3622ACGT1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3218550 | PA      | $2954612.47   | 0.06%             | 2037-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                           | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1275767.75   | 0.02%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                                       | Autodesk Inc                                                                    | CUSIP: 052769AH9<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    217000 | PA      | $189437.73    | 0.00%             | 2031-12-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QAQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1490245 | PA      | $1550127.12   | 0.03%             | 2048-11-01      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                              | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5272000 | PA      | $5345754.33   | 0.10%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                           | Toyota Motor Credit Corp                                                        | CUSIP: 89236TNJ0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2972000 | PA      | $3014614.88   | 0.06%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FKRS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5769355 | PA      | $5486623.41   | 0.10%             | 2049-01-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                              | Northrop Grumman Corp                                                           | CUSIP: 666807CN0<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   2567000 | PA      | $2582845.78   | 0.05%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B2DN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3717460 | PA      | $3676345.68   | 0.07%             | 2048-06-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| MIDAMERICAN ENERGY CO                              | MidAmerican Energy Co                                                           | CUSIP: 595620AW5<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   2044000 | PA      | $1256192.96   | 0.02%             | 2052-08-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132CWWX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3286955 | PA      | $3078757.51   | 0.06%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                | Starwood Mortgage Residential Trust 2020-3                                      | CUSIP: 85573MAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    596547 | PA      | $574499.15    | 0.01%             | 2065-04-25      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                       | Comcast Corp                                                                    | CUSIP: 20030NCG4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1272146.94   | 0.02%             | 2052-11-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                           | Caterpillar Financial Services Corp                                             | CUSIP: 14913UAL4<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   5380000 | PA      | $5450235.04   | 0.10%             | 2027-05-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT                           | Apollo Global Management Inc                                                    | CUSIP: 03769MAC0<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $1090888.89   | 0.02%             | 2054-05-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXLJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2750069 | PA      | $2677836.15   | 0.05%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2533000 | PA      | $2543648.12   | 0.05%             | 2056-01-28      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1294000 | PA      | $857889.77    | 0.02%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AVXA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    828361 | PA      | $823625.84    | 0.02%             | 2047-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                           | SUMITOMO MITSUI FINL GRP                                                        | CUSIP: 86562MDY3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3204000 | PA      | $3202901.00   | 0.06%             | 2031-07-08      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                              | Texas Instruments Inc                                                           | CUSIP: 882508CK8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   3871000 | PA      | $3890379.93   | 0.07%             | 2030-05-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1155000 | PA      | $1184423.01   | 0.02%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XQ4S3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4557006 | PA      | $3790390.27   | 0.07%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XMLC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  22339387 | PA      | $19608042.46  | 0.37%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YEB1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    412000 | PA      | $409087.61    | 0.01%             | 2055-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                              | Norfolk Southern Corp                                                           | CUSIP: 655844CV8<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |   3098000 | PA      | $3111202.19   | 0.06%             | 2035-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | Carmax Auto Owner Trust 2025-3                                                  | CUSIP: 14290FAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3360000 | PA      | $3371921.62   | 0.06%             | 2031-01-15      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                           | Northern States Power Co/MN                                                     | CUSIP: 665772CY3<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |   1428000 | PA      | $1379433.25   | 0.03%             | 2054-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AY7F4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    743255 | PA      | $735610.18    | 0.01%             | 2048-01-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                     | Hyundai Auto Receivables Trust 2022-A                                           | CUSIP: 448977AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1708000 | PA      | $1695748.86   | 0.03%             | 2028-04-17      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                             | Verizon Communications Inc                                                      | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2659000 | PA      | $1594591.61   | 0.03%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137B66E6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1594024 | PA      | $1589904.78   | 0.03%             | 2043-11-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust           | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34529BAA4<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   8809000 | PA      | $8870461.27   | 0.17%             | 2030-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BHAJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1704963 | PA      | $1509021.92   | 0.03%             | 2045-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142AWQA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2338480 | PA      | $2342376.49   | 0.04%             | 2055-07-01      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XCMJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3166656 | PA      | $2802591.52   | 0.05%             | 2041-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                  | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8904000 | PA      | $9120977.84   | 0.17%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYUU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2080530 | PA      | $1776545.99   | 0.03%             | 2041-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XA2X9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2291771 | PA      | $1910838.60   | 0.04%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                           | Virginia Electric and Power Co                                                  | CUSIP: 927804GF5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   2359000 | PA      | $1466625.87   | 0.03%             | 2051-11-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced Trust                | Volkswagen Auto Loan Enhanced Trust 2024-1                                      | CUSIP: 92868RAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2622000 | PA      | $2636761.07   | 0.05%             | 2029-07-20      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3495000 | PA      | $3059892.63   | 0.06%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVK86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7082374 | PA      | $7170288.10   | 0.14%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                                | FS KKR Capital Corp                                                             | CUSIP: 302635AP2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   5083000 | PA      | $5100561.66   | 0.10%             | 2030-01-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YDZ9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3672688.64   | 0.07%             | 2030-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                             | Diamondback Energy Inc                                                          | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   2962000 | PA      | $2751076.81   | 0.05%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                | Elevance Health Inc                                                             | CUSIP: 036752BC6<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2745000 | PA      | $2760660.94   | 0.05%             | 2031-11-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC           | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RKQ6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   3608000 | PA      | $3661036.88   | 0.07%             | 2031-08-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383RGE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5777798 | PA      | $5470321.12   | 0.10%             | 2052-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JB3L8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8951188 | PA      | $8849629.23   | 0.17%             | 2052-10-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XJEJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    690013 | PA      | $686532.54    | 0.01%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B3TC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    601175 | PA      | $596309.52    | 0.01%             | 2048-12-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XLDL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3035573 | PA      | $2643101.78   | 0.05%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142AWQJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1447377 | PA      | $1451460.89   | 0.03%             | 2055-08-01      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2019-C                                | CUSIP: 63940YAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    835270 | PA      | $821677.35    | 0.02%             | 2068-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 3622ACMM9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6045149 | PA      | $5541658.33   | 0.11%             | 2038-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AQQT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2761341 | PA      | $2581339.07   | 0.05%             | 2033-08-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                 | Siemens Funding BV                                                              | CUSIP: 82622RAC0<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   3928000 | PA      | $3965342.71   | 0.08%             | 2030-05-28      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38380BNN1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1766911 | PA      | $1584886.45   | 0.03%             | 2044-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                                     | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    420000 | PA      | $378300.07    | 0.01%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                          | CUSIP: 91324PFM9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1909000 | PA      | $1816715.05   | 0.03%             | 2064-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXXP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2122066 | PA      | $1865888.79   | 0.04%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds              | Mexico Government International Bonds                                           | CUSIP: 91087BAD2<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2227000 | PA      | $1653547.50   | 0.03%             | 2048-02-10      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FVAY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2279013 | PA      | $2167030.21   | 0.04%             | 2050-08-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XKE22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3719858 | PA      | $3308070.32   | 0.06%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FAXZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1981092 | PA      | $1820863.57   | 0.03%             | 2047-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AK4K4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1330434 | PA      | $1321381.84   | 0.03%             | 2041-12-15      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC                                | Nomura Holdings Inc                                                             | CUSIP: 65535HCB3<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   3375000 | PA      | $3401932.20   | 0.06%             | 2035-06-29      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XG2P3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10905904 | PA      | $8749728.68   | 0.17%             | 2047-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CEM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28190000 | PA      | $27184630.15  | 0.52%             | 2029-04-30      | Fixed         | 2.88%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383HAG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3730816 | PA      | $2984878.31   | 0.06%             | 2051-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                           | Agree LP                                                                        | CUSIP: 008513AF0<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |   2701000 | PA      | $2749739.60   | 0.05%             | 2035-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                                | Delta Air Lines Inc                                                             | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   8093000 | PA      | $8169267.54   | 0.16%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XLZA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2788587 | PA      | $2490888.48   | 0.05%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                           | Agree LP                                                                        | CUSIP: 008513AC7<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |    752000 | PA      | $627226.91    | 0.01%             | 2033-06-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132E0TX0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2551866 | PA      | $2247349.43   | 0.04%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38384GUU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3357084 | PA      | $3171322.62   | 0.06%             | 2048-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                            | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCZ5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   2168000 | PA      | $2210674.96   | 0.04%             | 2035-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DUD20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20928143 | PA      | $21623820.92  | 0.41%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                              | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBK9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   2067000 | PA      | $1967255.39   | 0.04%             | 2053-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140BFNZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1477840 | PA      | $1482410.62   | 0.03%             | 2055-08-01      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383AZA5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  17143231 | PA      | $14429097.45  | 0.27%             | 2051-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XFHB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1787064 | PA      | $1436716.28   | 0.03%             | 2047-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YCY3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    775000 | PA      | $748797.34    | 0.01%             | 2035-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FQS53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1535169 | PA      | $1281491.43   | 0.02%             | 2047-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK Inc                                                                       | CUSIP: 682680CF8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   3867000 | PA      | $3551235.67   | 0.07%             | 2054-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                           | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 03523TBU1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1806000 | PA      | $1828799.68   | 0.03%             | 2039-01-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140Y6PQ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  25146184 | PA      | $25122889.75  | 0.48%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 36179VQH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  19579949 | PA      | $16208664.37  | 0.31%             | 2050-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288RDM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1866899 | PA      | $1871475.31   | 0.04%             | 2054-02-01      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust              | Wells Fargo Commercial Mortgage Trust 2025-C64                                  | CUSIP: 95004BAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1722000 | PA      | $1790493.41   | 0.03%             | 2058-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                    | CVS Health Corp                                                                 | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3644000 | PA      | $3731631.46   | 0.07%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                              | Texas Instruments Inc                                                           | CUSIP: 882508CJ1<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1675659.99   | 0.03%             | 2054-02-08      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                            | Pfizer Investment Enterprises Pte Ltd                                           | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    437000 | PA      | $408051.54    | 0.01%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    912000 | PA      | $649764.10    | 0.01%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CEB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16490000 | PA      | $15384010.59  | 0.29%             | 2029-02-28      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137B26P0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1334279 | PA      | $1140784.36   | 0.02%             | 2043-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XJKU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1507757 | PA      | $1287460.01   | 0.02%             | 2041-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                            | Public Service Electric and Gas Co                                              | CUSIP: 74456QCU8<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   2724000 | PA      | $2739970.98   | 0.05%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3142GUUP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  21164238 | PA      | $21090697.52  | 0.40%             | 2055-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JAGG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14167245 | PA      | $12417834.66  | 0.24%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                   | Freddie Mac Strips                                                              | CUSIP: 3128HXYR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2030817 | PA      | $2003610.64   | 0.04%             | 2042-08-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382UDH1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9129270 | PA      | $7327865.45   | 0.14%             | 2051-04-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                       | Synopsys Inc                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    771000 | PA      | $760270.72    | 0.01%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK Inc                                                                       | CUSIP: 682680CE1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    929000 | PA      | $903008.53    | 0.02%             | 2034-11-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HFH40<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3353681 | PA      | $2852016.60   | 0.05%             | 2044-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6009000 | PA      | $6157549.03   | 0.12%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVWS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7132515 | PA      | $7221053.65   | 0.14%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142BBF62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3776510 | PA      | $3796110.39   | 0.07%             | 2055-08-01      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                          | Nelnet Student Loan Trust 2005-3                                                | CUSIP: 64031QCD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3257173 | PA      | $3230271.75   | 0.06%             | 2035-12-24      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AUTG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3023178 | PA      | $2999799.56   | 0.06%             | 2046-12-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| GERDAU TRADE INC                                   | Gerdau Trade Inc                                                                | CUSIP: 37373WAE0<br>LEI: 5493008RWEW71JB0LO29 | Long             | DBT              | CORP              | VG        |   3636000 | PA      | $3663488.16   | 0.07%             | 2035-06-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1762000 | PA      | $1814306.75   | 0.03%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                  | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6594000 | PA      | $6735789.73   | 0.13%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AUEC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1148721 | PA      | $1136607.21   | 0.02%             | 2044-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4401000 | PA      | $4378046.06   | 0.08%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 3622AACC6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2355026 | PA      | $2256234.85   | 0.04%             | 2049-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140B9DR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4270600 | PA      | $4270222.34   | 0.08%             | 2055-05-01      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                    | CVS Health Corp                                                                 | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   8123000 | PA      | $6989323.01   | 0.13%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BJVY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4368963 | PA      | $3552179.32   | 0.07%             | 2051-11-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36569000 | PA      | $26725367.92  | 0.51%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418DTJ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13214656 | PA      | $11425151.94  | 0.22%             | 2040-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| General Motors                                     | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886DQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6751000 | PA      | $6804794.67   | 0.13%             | 2029-11-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust          | SFS Auto Receivables Securitization Trust 2024-1                                | CUSIP: 78435VAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5724000 | PA      | $5743748.94   | 0.11%             | 2029-05-21      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST               | Mercedes-Benz Auto Receivables Trust 2022-1                                     | CUSIP: 58768PAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3874000 | PA      | $3908568.48   | 0.07%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JCTD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4021499 | PA      | $4024259.28   | 0.08%             | 2054-07-01      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1840540.57   | 0.03%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H0NN4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12098433 | PA      | $10326737.37  | 0.20%             | 2047-08-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                                  | CBRE Services Inc                                                               | CUSIP: 12505BAK6<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   2342000 | PA      | $2364479.55   | 0.04%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                 | Credit Agricole SA                                                              | CUSIP: 22535WAR8<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   6309000 | PA      | $6412073.10   | 0.12%             | 2031-05-27      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QV2Y9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6550958 | PA      | $6620122.46   | 0.13%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK GOSPODARSTWA KRAJOW                           | Bank Gospodarstwa Krajowego                                                     | CUSIP: 06237MAD5<br>LEI: 259400BCOV9JJIGLYF05 | Long             | DBT              | NUSS              | PL        |   3862000 | PA      | $3873690.31   | 0.07%             | 2054-07-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                               | Glencore Funding LLC                                                            | CUSIP: 378272CB2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1848670.87   | 0.04%             | 2055-04-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| EQUINOR ASA                                        | Equinor ASA                                                                     | CUSIP: 29446MAN2<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |   1548000 | PA      | $1565716.81   | 0.03%             | 2035-06-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1792000 | PA      | $1885672.14   | 0.04%             | 2029-10-23      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29743000 | PA      | $18403481.25  | 0.35%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  1 | On Loan: No      |
| TEXAS INSTRUMENTS INC                              | Texas Instruments Inc                                                           | CUSIP: 882508CC6<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |   2113000 | PA      | $1935021.57   | 0.04%             | 2053-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                 | Regency Centers LP                                                              | CUSIP: 75884RBB8<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |   3575000 | PA      | $3628539.20   | 0.07%             | 2034-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                    | DTE Electric Co                                                                 | CUSIP: 23338VAY2<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   1622000 | PA      | $1647188.23   | 0.03%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust          | SFS Auto Receivables Securitization Trust 2024-2                                | CUSIP: 78397XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3687000 | PA      | $3723044.85   | 0.07%             | 2029-11-20      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                            | Public Service Electric and Gas Co                                              | CUSIP: 74456QCV6<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1064006.44   | 0.02%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                            | John Deere Capital Corp                                                         | CUSIP: 24422EWK1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   3527000 | PA      | $3522788.59   | 0.07%             | 2027-09-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                       | Alphabet Inc                                                                    | CUSIP: 02079KAL1<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   7255000 | PA      | $7119331.14   | 0.14%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                 | Alcon Finance Corp                                                              | CUSIP: 01400EAE3<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |   5259000 | PA      | $5401475.88   | 0.10%             | 2032-12-06      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133D4KR3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2509105 | PA      | $2139026.13   | 0.04%             | 2041-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140LYNU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1965917 | PA      | $1676990.60   | 0.03%             | 2041-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA Inc                                                                         | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3603000 | PA      | $3594629.91   | 0.07%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                   | Duke Energy Corp                                                                | CUSIP: 26441CBN4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1462000 | PA      | $999612.97    | 0.02%             | 2051-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-R3                                              | CUSIP: 92538EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    918868 | PA      | $868617.12    | 0.02%             | 2064-04-25      | Variable      | 1.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140Y6JM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  30612438 | PA      | $31084986.33  | 0.59%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BPL41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3107544 | PA      | $2867295.64   | 0.05%             | 2049-04-25      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AT6K5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4484187 | PA      | $4438993.92   | 0.08%             | 2046-11-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                | General Electric Co                                                             | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   5419000 | PA      | $5393144.43   | 0.10%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                           | AT&T Inc                                                                        | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1325540.61   | 0.03%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                     | Merck & Co Inc                                                                  | CUSIP: 58933YBA2<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1045312.26   | 0.02%             | 2040-06-24      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                         | CUSIP: 056121AA4<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   4746000 | PA      | $4833582.78   | 0.09%             | 2031-05-28      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                              | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBH6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   2134000 | PA      | $1530939.62   | 0.03%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                       | Alphabet Inc                                                                    | CUSIP: 02079KAN7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   2548000 | PA      | $2474141.96   | 0.05%             | 2065-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                     | SWCH Commercial Mortgage Trust 2025-DATA                                        | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4330000 | PA      | $4308350.00   | 0.08%             | 2042-02-15      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                        | SBNA Auto Receivables Trust 2024-A                                              | CUSIP: 78437PAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2009072 | PA      | $2014970.56   | 0.04%             | 2028-12-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B2EV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2500721 | PA      | $2246735.91   | 0.04%             | 2048-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                        | Walmart Inc                                                                     | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   6298000 | PA      | $6324591.23   | 0.12%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ATLW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4846006 | PA      | $4505785.26   | 0.09%             | 2038-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                            | Public Service Electric and Gas Co                                              | CUSIP: 74456QCH7<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   4054000 | PA      | $3487696.74   | 0.07%             | 2031-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142BNJM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2689794 | PA      | $2587152.84   | 0.05%             | 2052-08-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133USH20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4732223 | PA      | $4162669.21   | 0.08%             | 2043-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XMG75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2566750 | PA      | $2294881.13   | 0.04%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                        | PepsiCo Inc                                                                     | CUSIP: 713448GK8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1801000 | PA      | $1804663.68   | 0.03%             | 2035-07-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                                    | Fannie Mae Interest Strip                                                       | CUSIP: 31395QDZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3703448 | PA      | $3468256.57   | 0.07%             | 2042-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                | Elevance Health Inc                                                             | CUSIP: 036752BE2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    855000 | PA      | $816385.34    | 0.02%             | 2055-02-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10942000 | PA      | $11188556.41  | 0.21%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H0SS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3346438 | PA      | $3077340.09   | 0.06%             | 2051-06-25      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ARPM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1099866 | PA      | $1087743.34   | 0.02%             | 2046-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | Carmax Auto Owner Trust 2025-3                                                  | CUSIP: 14290FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5835000 | PA      | $5845116.14   | 0.11%             | 2030-07-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XMRZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5809750 | PA      | $5116478.03   | 0.10%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA Inc                                                                         | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   6129000 | PA      | $6290373.93   | 0.12%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XN4G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3153262 | PA      | $2780577.12   | 0.05%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds              | Mexico Government International Bonds                                           | CUSIP: 91086QBF4<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2600000 | PA      | $1961700.00   | 0.04%             | 2046-01-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AVWX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1538581 | PA      | $1525904.74   | 0.03%             | 2047-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140GNG80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    336582 | PA      | $318461.38    | 0.01%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                          | College Avenue Student Loans LLC                                                | CUSIP: 194204AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    837157 | PA      | $843737.28    | 0.02%             | 2046-11-26      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| BALTIMORE GAS & ELECTRIC                           | Baltimore Gas and Electric Co                                                   | CUSIP: 059165ET3<br>LEI: 88V8C2WYSOD1SPSSLH72 | Long             | DBT              | CORP              | US        |   3098000 | PA      | $3175794.31   | 0.06%             | 2035-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AFPQ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1523496 | PA      | $1512662.89   | 0.03%             | 2041-09-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Chile Government International Bonds               | Chile Government International Bonds                                            | CUSIP: 168863EE4<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |   3335000 | PA      | $3438218.25   | 0.07%             | 2037-01-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                            | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111GC1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    529000 | PA      | $350315.77    | 0.01%             | 2051-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                             | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   5083000 | PA      | $5176785.98   | 0.10%             | 2031-02-11      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                    | Israel Government International Bond                                            | CUSIP: 46514Y8B6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   1847000 | PA      | $1868539.38   | 0.04%             | 2035-02-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                            | Hyundai Capital America                                                         | CUSIP: 44891ADQ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2648000 | PA      | $2678106.36   | 0.05%             | 2030-03-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AWBV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4567104 | PA      | $4526743.48   | 0.09%             | 2047-04-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                 | Energy Transfer LP                                                              | CUSIP: 29273VAZ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4512000 | PA      | $4614039.20   | 0.09%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust           | GM Financial Revolving Receivables Trust 2025-1                                 | CUSIP: 36271NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15030000 | PA      | $15155222.45  | 0.29%             | 2037-12-11      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| GEORGIA POWER CO                                   | Georgia Power Co                                                                | CUSIP: 373334LB5<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    926000 | PA      | $936028.90    | 0.02%             | 2035-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                            | John Deere Capital Corp                                                         | CUSIP: 24422EXY0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   4447000 | PA      | $4465898.37   | 0.08%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382NJU2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2434540 | PA      | $2373010.51   | 0.05%             | 2051-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 46590XAX4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   2747000 | PA      | $2807538.39   | 0.05%             | 2052-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XSCJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2478664 | PA      | $2567021.72   | 0.05%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                | Nissan Auto Receivables 2022-B Owner Trust                                      | CUSIP: 65480JAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2437000 | PA      | $2436316.91   | 0.05%             | 2029-11-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust           | GM Financial Revolving Receivables Trust 2024-1                                 | CUSIP: 36269KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1441000 | PA      | $1469028.46   | 0.03%             | 2036-12-11      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS Mortgage Trust 2025-5C33                                                  | CUSIP: 072924AD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10418000 | PA      | $10867076.22  | 0.21%             | 2058-03-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2021-B                                | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    822041 | PA      | $745963.02    | 0.01%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132A5AL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1966080 | PA      | $1758370.11   | 0.03%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MSNU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2943895 | PA      | $2907943.78   | 0.06%             | 2052-11-01      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140W2D32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7589811 | PA      | $6335103.39   | 0.12%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXSB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1623242 | PA      | $1403155.41   | 0.03%             | 2055-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138M1ZM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2013380 | PA      | $1802314.70   | 0.03%             | 2042-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137B83K1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1222422 | PA      | $1205767.20   | 0.02%             | 2044-02-15      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                              | American Homes 4 Rent LP                                                        | CUSIP: 02666TAH0<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   1239000 | PA      | $1255594.11   | 0.02%             | 2034-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H6K95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3776504 | PA      | $3365835.61   | 0.06%             | 2051-06-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AutoNation Finance Trust 2025-1                    | AutoNation Finance Trust 2025-1                                                 | CUSIP: 05330QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3562000 | PA      | $3575141.64   | 0.07%             | 2029-11-13      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI POWER CO                               | Mississippi Power Co                                                            | CUSIP: 605417CD4<br>LEI: LNZ0J6YZ5SC6ILIRU850 | Long             | DBT              | CORP              | US        |   2829000 | PA      | $1857837.31   | 0.04%             | 2051-07-30      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                 | Essex Portfolio LP                                                              | CUSIP: 29717PAZ0<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |   1571000 | PA      | $1386262.37   | 0.03%             | 2031-06-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142BBFN5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6455677 | PA      | $6466383.22   | 0.12%             | 2055-07-01      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38384BFM8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13331906 | PA      | $11303323.18  | 0.21%             | 2053-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ARD54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6388410 | PA      | $6340384.77   | 0.12%             | 2046-04-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                   | Altria Group Inc                                                                | CUSIP: 02209SAV5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $1799546.33   | 0.03%             | 2046-09-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   9255000 | PA      | $9363594.75   | 0.18%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                 | Essex Portfolio LP                                                              | CUSIP: 29717PBA4<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |   1853000 | PA      | $1895321.67   | 0.04%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DNWM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2699895 | PA      | $2380929.32   | 0.05%             | 2049-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                    | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   5866000 | PA      | $5879127.23   | 0.11%             | 2031-07-03      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383PXJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1342000 | PA      | $1094662.96   | 0.02%             | 2052-03-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QTPY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2349743 | PA      | $2415694.04   | 0.05%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVCB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6155089 | PA      | $6196320.17   | 0.12%             | 2054-08-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE                                   | Coca-Cola Co/The                                                                | CUSIP: 191216DZ0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    863000 | PA      | $821105.64    | 0.02%             | 2055-01-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418DSS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8719641 | PA      | $7540290.04   | 0.14%             | 2040-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XKTB6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2336336 | PA      | $2091314.93   | 0.04%             | 2043-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                              | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2802000 | PA      | $2856644.35   | 0.05%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                          | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F052680<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  66400000 | PA      | $66048461.80  | 1.25%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XGCW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9355019 | PA      | $8138063.73   | 0.15%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FQLS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1770321 | PA      | $1667677.72   | 0.03%             | 2040-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust       | American Express Credit Account Master Trust                                    | CUSIP: 02589BAC4<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  11700000 | PA      | $12043569.33  | 0.23%             | 2030-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System | UNIV OF TEXAS TX UNIV REVENUES                                                  | CUSIP: 91514AKD6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1022973.86   | 0.02%             | 2049-08-15      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                    | Israel Government International Bond                                            | CUSIP: 46514BRM1<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   3865000 | PA      | $3597088.71   | 0.07%             | 2054-03-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B36T2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1096516 | PA      | $1067245.52   | 0.02%             | 2049-04-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                   | BAT Capital Corp                                                                | CUSIP: 05526DCD5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2682267.09   | 0.05%             | 2055-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 31398NKP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1112468 | PA      | $1102979.55   | 0.02%             | 2040-09-25      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9732000 | PA      | $9973664.73   | 0.19%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                           | TotalEnergies Capital SA                                                        | CUSIP: 89157XAF8<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    928000 | PA      | $862483.10    | 0.02%             | 2064-09-10      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132A5DS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3405906 | PA      | $3011115.22   | 0.06%             | 2045-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Gold Pool                                                           | CUSIP: 3129882U1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    152461 | PA      | $151079.52    | 0.00%             | 2039-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Paraguay                               | Paraguay Government International Bond                                          | CUSIP: 699149AH3<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   6170000 | PA      | $5367900.00   | 0.10%             | 2050-03-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust           | AmeriCredit Automobile Receivables Trust 2022-2                                 | CUSIP: 03065WAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184728 | PA      | $184700.68    | 0.00%             | 2028-04-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DPXU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2663614 | PA      | $2383153.40   | 0.05%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                                  | Store Capital LLC                                                               | CUSIP: 862121AD2<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              |  | US        |   1059000 | PA      | $901510.00    | 0.02%             | 2031-12-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 3617YM4G4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3560212 | PA      | $3131403.30   | 0.06%             | 2043-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                           | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4455000 | PA      | $3134389.34   | 0.06%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140J9NN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17044165 | PA      | $15230405.80  | 0.29%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132D9DR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2681008 | PA      | $2289277.37   | 0.04%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140F5AD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3708439 | PA      | $3266298.10   | 0.06%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                    | Israel Government International Bond                                            | CUSIP: 46513JB42<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   1977000 | PA      | $1400186.51   | 0.03%             | 2050-07-03      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                        | Exelon Corp                                                                     | CUSIP: 30161NBS9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   3552000 | PA      | $3525025.69   | 0.07%             | 2055-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                    | CVS Health Corp                                                                 | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1962000 | PA      | $1792844.84   | 0.03%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XGTN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5821514 | PA      | $5113579.80   | 0.10%             | 2048-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                              | Dick's Sporting Goods Inc                                                       | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   3947000 | PA      | $2816219.00   | 0.05%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                                | Dow Chemical Co/The                                                             | CUSIP: 260543DL4<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   3132000 | PA      | $3064394.46   | 0.06%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                           | Agree LP                                                                        | CUSIP: 008513AB9<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |   2758000 | PA      | $2578273.83   | 0.05%             | 2028-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                    | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   3534000 | PA      | $3553956.96   | 0.07%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CR7<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   4632000 | PA      | $4565154.45   | 0.09%             | 2034-08-14      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383GS44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6179937 | PA      | $5532224.20   | 0.10%             | 2049-12-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                             | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BB5<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   1821000 | PA      | $1818175.12   | 0.03%             | 2025-08-17      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   5833000 | PA      | $5835235.44   | 0.11%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383FZF3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1785350 | PA      | $1480450.46   | 0.03%             | 2051-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AUKJ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1716886 | PA      | $1699869.25   | 0.03%             | 2046-11-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                 | Meta Platforms Inc                                                              | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   4922000 | PA      | $4775220.00   | 0.09%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A14M4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    988733 | PA      | $980020.31    | 0.02%             | 2041-11-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BA7B4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3448817 | PA      | $3150684.24   | 0.06%             | 2040-07-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B64V2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1181737 | PA      | $1157635.80   | 0.02%             | 2049-11-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| PNC BANK NA                                        | PNC Bank NA                                                                     | CUSIP: 69353RFZ6<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   7265000 | PA      | $7263694.84   | 0.14%             | 2028-07-21      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                                  | Store Capital LLC                                                               | CUSIP: 862121AC4<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              |  | US        |   2693000 | PA      | $2391409.91   | 0.05%             | 2030-11-18      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                          | CUSIP: 91324PEE8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    830000 | PA      | $605312.02    | 0.01%             | 2041-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AJ3U8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1937883 | PA      | $1778225.77   | 0.03%             | 2044-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QDTW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2553433 | PA      | $2192184.43   | 0.04%             | 2040-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B4GU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1524894 | PA      | $1369122.50   | 0.03%             | 2049-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                             | Galaxy Pipeline Assets Bidco Ltd                                                | CUSIP: 36321PAB6<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |   2354000 | PA      | $2020066.76   | 0.04%             | 2036-03-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DVL52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2119273 | PA      | $1773038.88   | 0.03%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                             | Sempra                                                                          | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    515000 | PA      | $496918.04    | 0.01%             | 2055-04-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38379GSW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1912242 | PA      | $1744991.22   | 0.03%             | 2044-07-16      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                           | Duke Energy Progress LLC                                                        | CUSIP: 26442UAK0<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $1392363.47   | 0.03%             | 2050-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132AEXD3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4101577 | PA      | $3465138.38   | 0.07%             | 2046-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   6596000 | PA      | $6288076.16   | 0.12%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Trust 2025-VLT7                                                              | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3257000 | PA      | $3268191.38   | 0.06%             | 2044-07-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYT90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8170233 | PA      | $7070509.45   | 0.13%             | 2040-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust 2025-B                                  | CUSIP: 44935DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6992000 | PA      | $7009734.51   | 0.13%             | 2028-04-17      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                       | GS Mortgage Securities Trust 2020-GSA2                                          | CUSIP: 36264KAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5595000 | PA      | $4936067.34   | 0.09%             | 2053-12-12      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H0T73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2577228 | PA      | $2369410.13   | 0.04%             | 2033-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MGR60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1840362 | PA      | $1482029.12   | 0.03%             | 2047-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FYM52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4680435 | PA      | $3768190.64   | 0.07%             | 2051-03-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                    | CVS Health Corp                                                                 | CUSIP: 126650EC0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3548000 | PA      | $3675337.97   | 0.07%             | 2031-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                           | FirstEnergy Pennsylvania Electric Co                                            | CUSIP: 591894CC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2773000 | PA      | $2735857.30   | 0.05%             | 2029-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                     | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    895000 | PA      | $587011.45    | 0.01%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132ADME5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3236684 | PA      | $2904949.76   | 0.06%             | 2046-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ATEP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11907194 | PA      | $10084644.18  | 0.19%             | 2046-06-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                | PenFed Auto Receivables Owner Trust 2022-A                                      | CUSIP: 706874AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710234 | PA      | $709436.24    | 0.01%             | 2028-12-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418DPB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5245738 | PA      | $4850411.41   | 0.09%             | 2040-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                          | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F060683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   7800000 | PA      | $7907810.27   | 0.15%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                    | Israel Government International Bond                                            | CUSIP: 46514BRA7<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    954000 | PA      | $914222.24    | 0.02%             | 2033-01-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BM4N3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3251594 | PA      | $3107727.77   | 0.06%             | 2044-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QGGP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18004367 | PA      | $15403675.26  | 0.29%             | 2040-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST               | Mercedes-Benz Auto Receivables Trust 2025-1                                     | CUSIP: 58773DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3988000 | PA      | $4025083.61   | 0.08%             | 2029-12-17      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                           | Angel Oak Mortgage Trust 2021-6                                                 | CUSIP: 03465JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2123367 | PA      | $1771613.00   | 0.03%             | 2066-09-25      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AA5N1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1476342 | PA      | $1259555.15   | 0.02%             | 2043-01-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3142GS4U9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3472392 | PA      | $3587819.60   | 0.07%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                  | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3592576.19   | 0.07%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XAL83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2458438 | PA      | $2197521.57   | 0.04%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FU6C3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11371596 | PA      | $10910997.70  | 0.21%             | 2050-07-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                   | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1764558.68   | 0.03%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 31427N7L7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4723139 | PA      | $3925799.88   | 0.07%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                              | Uber Technologies Inc                                                           | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   4554000 | PA      | $4473065.40   | 0.08%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                               | Royal Bank of Canada                                                            | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   6189000 | PA      | $6194662.13   | 0.12%             | 2031-08-06      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                             | Diamondback Energy Inc                                                          | CUSIP: 25278XBB4<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    899000 | PA      | $830247.04    | 0.02%             | 2064-04-18      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XLDP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4714380 | PA      | $4214044.04   | 0.08%             | 2049-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140J9XD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1647767 | PA      | $1559061.97   | 0.03%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H64V4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3114288 | PA      | $2733326.79   | 0.05%             | 2048-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                        | PepsiCo Inc                                                                     | CUSIP: 713448GL6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   4509000 | PA      | $4487189.74   | 0.09%             | 2029-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                     | Hyundai Auto Receivables Trust 2023-B                                           | CUSIP: 44933XAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1621095 | PA      | $1631019.33   | 0.03%             | 2028-04-17      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AUBK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3911141 | PA      | $3881232.21   | 0.07%             | 2046-11-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust       | American Express Credit Account Master Trust                                    | CUSIP: 02582JKP4<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |  15422000 | PA      | $15467177.21  | 0.29%             | 2030-04-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BQHM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1289051 | PA      | $1281338.32   | 0.02%             | 2039-10-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust      | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP4                   | CUSIP: 46645UAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    925000 | PA      | $910730.67    | 0.02%             | 2049-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XJNQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2997884 | PA      | $2679726.47   | 0.05%             | 2044-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                                       | Autodesk Inc                                                                    | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |   2321000 | PA      | $2351549.61   | 0.04%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                            | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JDA9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   2531000 | PA      | $2541634.63   | 0.05%             | 2055-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142AWP90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2709440 | PA      | $2727782.29   | 0.05%             | 2055-07-01      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4647000 | PA      | $4668990.30   | 0.09%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A3NR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1574944 | PA      | $1563773.34   | 0.03%             | 2042-01-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                           | Embraer Netherlands Finance BV                                                  | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   4665000 | PA      | $4786453.28   | 0.09%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MMXV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3944652 | PA      | $3825228.22   | 0.07%             | 2052-07-01      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                           | AT&T Inc                                                                        | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2630000 | PA      | $1771811.30   | 0.03%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                                  | Toyota Motor Corp                                                               | CUSIP: 892331AV1<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |   1672000 | PA      | $1675466.17   | 0.03%             | 2035-06-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3133T7ZF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         8 | PA      | $8.18         | 0.00%             | 2026-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                            | John Deere Capital Corp                                                         | CUSIP: 24422EXT1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    584000 | PA      | $595472.27    | 0.01%             | 2029-06-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XLQR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6806246 | PA      | $5997933.01   | 0.11%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AVP94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6697033 | PA      | $5809662.75   | 0.11%             | 2047-04-25      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140H25Z7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    379820 | PA      | $359370.23    | 0.01%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                   | SMB Private Education Loan Trust 2021-A                                         | CUSIP: 78448YAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4463889 | PA      | $4039544.67   | 0.08%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                              | Foundry JV Holdco LLC                                                           | CUSIP: 350930AK9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1163000 | PA      | $1197030.18   | 0.02%             | 2039-01-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                                     | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3413000 | PA      | $3343185.34   | 0.06%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DT7M6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4036873 | PA      | $4174247.39   | 0.08%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CL0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   3554000 | PA      | $3540052.72   | 0.07%             | 2034-02-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AQAD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1638044 | PA      | $1409222.36   | 0.03%             | 2045-10-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ATA53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2292411 | PA      | $2273126.75   | 0.04%             | 2046-10-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                      | N TX TOLLWAY AUTH REVENUE                                                       | CUSIP: 66285WFB7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2331000 | PA      | $2554314.46   | 0.05%             | 2049-01-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                               | Chase Issuance Trust                                                            | CUSIP: 161571HW7<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |  18516000 | PA      | $18776023.89  | 0.36%             | 2031-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418DQZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7739392 | PA      | $6640435.02   | 0.13%             | 2040-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                           | Angel Oak Mortgage Trust 2020-2                                                 | CUSIP: 03464XAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    873409 | PA      | $823365.17    | 0.02%             | 2065-01-26      | Variable      | 2.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QVQ98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7404059 | PA      | $7495967.38   | 0.14%             | 2054-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                | Toyota Auto Receivables 2022-D Owner Trust                                      | CUSIP: 89239HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2132000 | PA      | $2162275.68   | 0.04%             | 2028-04-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38379XX47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3525911 | PA      | $2891719.19   | 0.05%             | 2044-07-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                | Kimco Realty OP LLC                                                             | CUSIP: 49447BAC7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |   2785000 | PA      | $2790436.74   | 0.05%             | 2036-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                             | Verizon Communications Inc                                                      | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   4644000 | PA      | $4662690.85   | 0.09%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BBKP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2594775 | PA      | $2371644.23   | 0.05%             | 2040-08-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XHFN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3093313 | PA      | $2637721.08   | 0.05%             | 2042-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                              | United Parcel Service Inc                                                       | CUSIP: 911312CL8<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   3561000 | PA      | $3624914.32   | 0.07%             | 2065-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H62L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2826451 | PA      | $2511079.22   | 0.05%             | 2049-06-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                 | CUSIP: 718172CU1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3747000 | PA      | $3751314.48   | 0.07%             | 2025-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYWW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1957928 | PA      | $1724079.14   | 0.03%             | 2042-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                           | Ares Strategic Income Fund                                                      | CUSIP: 04020EAJ6<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   3558000 | PA      | $3599625.43   | 0.07%             | 2032-03-21      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JBDE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1814366 | PA      | $1735580.96   | 0.03%             | 2050-06-01      | Floating      | 2.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BQHF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3991098 | PA      | $3977868.97   | 0.08%             | 2040-06-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CZ9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   2468000 | PA      | $2470164.34   | 0.05%             | 2065-02-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                             | Cadence Design Systems Inc                                                      | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   8563000 | PA      | $8432251.21   | 0.16%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 17327CAY9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4321000 | PA      | $4215932.68   | 0.08%             | 2056-03-04      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                               | Chase Issuance Trust                                                            | CUSIP: 161571HZ0<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   4508000 | PA      | $4502615.19   | 0.09%             | 2030-07-15      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                           | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                      | CUSIP: 47214BAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   5285000 | PA      | $5859183.54   | 0.11%             | 2053-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FCAZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3137233 | PA      | $2853779.52   | 0.05%             | 2047-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                             | General Motors Financial Co Inc                                                 | CUSIP: 37045XDL7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   6739000 | PA      | $5910117.49   | 0.11%             | 2031-06-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BAIN CAPITAL SPECIALTY F                           | Bain Capital Specialty Finance Inc                                              | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |   2393000 | PA      | $2378874.55   | 0.05%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                          | College Ave Student Loans 2019-A LLC                                            | CUSIP: 19421UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1319780 | PA      | $1256293.89   | 0.02%             | 2048-12-28      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133B7FK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3194021 | PA      | $2648350.62   | 0.05%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AAZN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1655170 | PA      | $1627445.43   | 0.03%             | 2042-12-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                           | Caterpillar Financial Services Corp                                             | CUSIP: 14913UAQ3<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   2020000 | PA      | $2028157.99   | 0.04%             | 2029-08-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B22V3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2124424 | PA      | $1847377.52   | 0.04%             | 2048-09-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JCTZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4299742 | PA      | $4321209.11   | 0.08%             | 2055-07-01      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3142GTD94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    980409 | PA      | $1028971.02   | 0.02%             | 2054-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ARF86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2839694 | PA      | $2811392.06   | 0.05%             | 2046-04-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142AWP33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1579600 | PA      | $1581293.95   | 0.03%             | 2055-07-01      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FR2N0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1319945 | PA      | $1151040.58   | 0.02%             | 2050-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                             | Diamondback Energy Inc                                                          | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1788000 | PA      | $1805212.06   | 0.03%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31417DZZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2335928 | PA      | $2043550.09   | 0.04%             | 2042-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance Trust                | Citibank Credit Card Issuance Trust                                             | CUSIP: 17305EHA6<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |   9013000 | PA      | $9019443.39   | 0.17%             | 2030-06-21      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                   | COLT 2021-4 Mortgage Loan Trust                                                 | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2947753 | PA      | $2493077.70   | 0.05%             | 2066-10-25      | Variable      | 1.40%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                                      | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4474000 | PA      | $4530476.47   | 0.09%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XH5J2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  37082543 | PA      | $33147000.09  | 0.63%             | 2049-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                             | Cadence Design Systems Inc                                                      | CUSIP: 127387AM0<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   3342000 | PA      | $3339271.06   | 0.06%             | 2027-09-10      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38385CKW7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  42928922 | PA      | $40736481.42  | 0.77%             | 2051-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                            | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5382000 | PA      | $5377867.32   | 0.10%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| COMMONSPIRIT HEALTH                                | CommonSpirit Health                                                             | CUSIP: 20268JAB9<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |   1659000 | PA      | $1581729.87   | 0.03%             | 2029-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2461858 | PA      | $2243808.45   | 0.04%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                     | Hyundai Auto Receivables Trust 2023-A                                           | CUSIP: 448979AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3320000 | PA      | $3320957.82   | 0.06%             | 2028-07-17      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust           | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QJQ8<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   5075000 | PA      | $5065537.66   | 0.10%             | 2031-09-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                           | AT&T Inc                                                                        | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2626000 | PA      | $1760638.02   | 0.03%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DUDZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11072700 | PA      | $11467479.66  | 0.22%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                          | College Ave Student Loans 2018-A LLC                                            | CUSIP: 19423DAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    746148 | PA      | $726198.90    | 0.01%             | 2047-12-26      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140W1RW5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3792954 | PA      | $3236755.52   | 0.06%             | 2042-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MM3D8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2615084 | PA      | $2602988.54   | 0.05%             | 2052-08-01      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138ENRL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1832878 | PA      | $1808090.71   | 0.03%             | 2043-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                   | Crown Castle Inc                                                                | CUSIP: 22822VBE0<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   2705000 | PA      | $2807504.46   | 0.05%             | 2034-03-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                                | Synchrony Financial                                                             | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1801000 | PA      | $1806421.28   | 0.03%             | 2036-07-29      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYWP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1602769 | PA      | $1405984.42   | 0.03%             | 2042-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38379HMV4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1840005 | PA      | $1657686.82   | 0.03%             | 2044-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Gold Pool                                                           | CUSIP: 3128MJYT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4811641 | PA      | $4248943.41   | 0.08%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                           | KLA Corp                                                                        | CUSIP: 482480AJ9<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |   1449000 | PA      | $1003334.78   | 0.02%             | 2050-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 100172000 | PA      | $68300869.78  | 1.30%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B4B64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4197182 | PA      | $3897072.75   | 0.07%             | 2048-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133D4KC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1721170 | PA      | $1467303.41   | 0.03%             | 2041-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                           | FirstEnergy Pennsylvania Electric Co                                            | CUSIP: 708696BY4<br>LEI: O1PLQWO3TX952VMBJ146 | Long             | DBT              | CORP              | US        |   2298000 | PA      | $2223159.77   | 0.04%             | 2028-03-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383FX73<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    964659 | PA      | $813233.30    | 0.02%             | 2052-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FDV82<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1846430 | PA      | $1650034.29   | 0.03%             | 2048-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  39235000 | PA      | $23994654.69  | 0.46%             | 2040-08-15      | Fixed         | 1.13%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QWH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6096073 | PA      | $5989351.64   | 0.11%             | 2053-03-01      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                 | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   6631000 | PA      | $6584876.75   | 0.12%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                        | PepsiCo Inc                                                                     | CUSIP: 713448GH5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   2496000 | PA      | $2484275.04   | 0.05%             | 2030-07-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Mississippi Power Co                               | Mississippi Power Co                                                            | CUSIP: 605417BZ6<br>LEI: LNZ0J6YZ5SC6ILIRU850 | Long             | DBT              | CORP              | US        |   1201000 | PA      | $1027732.89   | 0.02%             | 2042-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                     | Lowe's Cos Inc                                                                  | CUSIP: 548661EJ2<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   3949000 | PA      | $3063200.36   | 0.06%             | 2052-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CS5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    433000 | PA      | $403495.16    | 0.01%             | 2054-08-14      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18956000 | PA      | $17969695.63  | 0.34%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| STATE OF ISRAEL                                    | Israel Government International Bond                                            | CUSIP: 46514Y8A8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   6879000 | PA      | $7029155.91   | 0.13%             | 2030-02-19      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                             | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2445000 | PA      | $2497008.55   | 0.05%             | 2031-01-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B8DW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1909443 | PA      | $1702498.39   | 0.03%             | 2049-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132DNGM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8949309 | PA      | $8449149.45   | 0.16%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288QFW5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2994806 | PA      | $2996263.43   | 0.06%             | 2050-02-01      | Floating      | 3.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XC6E3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9899865 | PA      | $8847131.88   | 0.17%             | 2048-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                           | Agree LP                                                                        | CUSIP: 008513AD5<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |   1659000 | PA      | $1640491.08   | 0.03%             | 2032-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                             | Brixmor Operating Partnership LP                                                | CUSIP: 11120VAL7<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              |  | US        |   2913000 | PA      | $2544591.03   | 0.05%             | 2031-08-16      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2019-F                                | CUSIP: 63935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1730270 | PA      | $1659560.47   | 0.03%             | 2068-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 31427NVE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  27582941 | PA      | $27968339.07  | 0.53%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49833000 | PA      | $36253507.50  | 0.69%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 3617F96J6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1078664 | PA      | $948742.61    | 0.02%             | 2043-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                            | Public Service Electric and Gas Co                                              | CUSIP: 74456QCD6<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |   1103000 | PA      | $680875.52    | 0.01%             | 2050-05-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                 | Meta Platforms Inc                                                              | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $990474.94    | 0.02%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383FR62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2598787 | PA      | $2118791.10   | 0.04%             | 2052-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                   | Freddie Mac Strips                                                              | CUSIP: 3128HXZX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2046738 | PA      | $2018382.10   | 0.04%             | 2042-09-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                   | T-Mobile USA Inc                                                                | CUSIP: 87264ADU6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1857000 | PA      | $1851639.06   | 0.04%             | 2055-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                     | Morgan Stanley                                                                  | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8180000 | PA      | $8574741.03   | 0.16%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                              | American Homes 4 Rent LP                                                        | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   2325000 | PA      | $2340160.93   | 0.04%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust                               | USB Auto Owner Trust 2025-1                                                     | CUSIP: 90367VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1218000 | PA      | $1225266.10   | 0.02%             | 2030-12-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CNM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29716000 | PA      | $29706713.75  | 0.56%             | 2028-07-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                          | Apple Inc                                                                       | CUSIP: 037833EF3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1082000 | PA      | $667798.65    | 0.01%             | 2051-02-08      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                          | OHIO ST UNIV                                                                    | CUSIP: 677632PA3<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1069918.90   | 0.02%             | 2111-06-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142BBEA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1689410 | PA      | $1703504.03   | 0.03%             | 2055-05-01      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138WED71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8687214 | PA      | $7699108.15   | 0.15%             | 2045-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                         | Intel Corp                                                                      | CUSIP: 458140CM0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    891000 | PA      | $787314.93    | 0.01%             | 2054-02-21      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                       | Ford Credit Auto Lease Trust 2024-A                                             | CUSIP: 345290AE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1926000 | PA      | $1934734.60   | 0.04%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288RFR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14002522 | PA      | $13997442.34  | 0.27%             | 2055-06-01      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit           | Ford Credit Auto Owner Trust 2022-REV1                                          | CUSIP: 34528EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6732000 | PA      | $6674858.78   | 0.13%             | 2034-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                              | American Homes 4 Rent LP                                                        | CUSIP: 02666TAE7<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   3044000 | PA      | $2808008.73   | 0.05%             | 2032-04-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A32U4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1395294 | PA      | $1385009.58   | 0.03%             | 2042-02-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust       | American Express Credit Account Master Trust Series 2025-5                      | CUSIP: 02582JKT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  24278000 | PA      | $24459883.49  | 0.46%             | 2032-07-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140LXFK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1807429 | PA      | $1742903.70   | 0.03%             | 2052-08-01      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B93<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  11467000 | PA      | $10438512.27  | 0.20%             | 2029-02-10      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                     | Morgan Stanley Capital I Trust 2020-HR8                                         | CUSIP: 61692BBJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2026231 | PA      | $1778867.50   | 0.03%             | 2053-07-15      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT                            | Jersey Central Power & Light Co                                                 | CUSIP: 476556DF9<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   2099000 | PA      | $2090344.96   | 0.04%             | 2035-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AURK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1593664 | PA      | $1582892.26   | 0.03%             | 2046-12-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1964000 | PA      | $1997187.79   | 0.04%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A14A0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3055444 | PA      | $3029067.11   | 0.06%             | 2041-11-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140X8KC0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7688068 | PA      | $6643511.88   | 0.13%             | 2040-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                           | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   5823000 | PA      | $5826577.36   | 0.11%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140ME6D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9695025 | PA      | $9855053.24   | 0.19%             | 2055-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XLE87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1318316 | PA      | $1248623.09   | 0.02%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                          | Nelnet Student Loan Trust 2005-2                                                | CUSIP: 64031QBX8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4463649 | PA      | $4421121.25   | 0.08%             | 2037-03-23      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XN6L3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3021638 | PA      | $2666132.77   | 0.05%             | 2048-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                             | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6314000 | PA      | $6301556.12   | 0.12%             | 2029-07-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QFA66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5263495 | PA      | $4398207.70   | 0.08%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank                                               | BANK 2022-BNK44                                                                 | CUSIP: 06540KAJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2017000 | PA      | $2104656.40   | 0.04%             | 2055-11-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138EQQV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2892205 | PA      | $2809019.40   | 0.05%             | 2045-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383TLM3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9955565 | PA      | $8143261.58   | 0.15%             | 2051-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Gold Pool                                                           | CUSIP: 3129882T4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    132517 | PA      | $131262.92    | 0.00%             | 2039-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BAUL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2692933 | PA      | $2298817.46   | 0.04%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2019-A                                | CUSIP: 63941BAB1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |    669093 | PA      | $664691.52    | 0.01%             | 2043-01-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                          | Apple Inc                                                                       | CUSIP: 037833EQ9<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   3384000 | PA      | $2678980.28   | 0.05%             | 2052-08-08      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                           | JBS USA Holding Lux Sarl / JBS USA Foods Group Holdings Inc / JBS USA Food Co   | CUSIP: 472140AJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    928000 | PA      | $914646.08    | 0.02%             | 2066-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H0K64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2988004 | PA      | $2617307.88   | 0.05%             | 2051-02-25      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYTV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7633660 | PA      | $6613037.87   | 0.13%             | 2040-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CN6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1785000 | PA      | $1638984.29   | 0.03%             | 2064-02-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CNJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23736000 | PA      | $23543145.00  | 0.45%             | 2032-06-30      | Fixed         | 4.00%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ARG93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2479686 | PA      | $2454340.12   | 0.05%             | 2046-04-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                        | Oracle Corp                                                                     | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3069000 | PA      | $2344041.31   | 0.04%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136A2HP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2387412 | PA      | $2295389.04   | 0.04%             | 2041-11-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XAL91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1457013 | PA      | $1285195.36   | 0.02%             | 2047-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust                                                            | CUSIP: 92348KEC3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   9454000 | PA      | $9531981.32   | 0.18%             | 2033-03-21      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                            | BPCE SA                                                                         | CUSIP: 056121AB2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   4023000 | PA      | $4151999.99   | 0.08%             | 2036-05-28      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                   | COLT 2021-2 Mortgage Loan Trust                                                 | CUSIP: 19685WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2760804 | PA      | $2307094.78   | 0.04%             | 2066-08-25      | Variable      | 0.92%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                   | Societe Generale SA                                                             | CUSIP: 83368RBY7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1720000 | PA      | $1794461.19   | 0.03%             | 2055-01-19      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYUZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2130543 | PA      | $1819020.09   | 0.03%             | 2041-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust           | GM Financial Revolving Receivables Trust 2024-2                                 | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2817000 | PA      | $2826649.35   | 0.05%             | 2037-03-11      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                       | Stryker Corp                                                                    | CUSIP: 863667BL4<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1802000 | PA      | $1831977.51   | 0.03%             | 2030-02-10      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137AQZV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1911409 | PA      | $1892930.21   | 0.04%             | 2042-06-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138EQ6N7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3207110 | PA      | $3043297.61   | 0.06%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FQA37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2763644 | PA      | $2440684.60   | 0.05%             | 2049-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ACK34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2002320 | PA      | $1966508.82   | 0.04%             | 2043-03-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI                           | FirstEnergy Pennsylvania Electric Co                                            | CUSIP: 591894CE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1815000 | PA      | $1847430.57   | 0.04%             | 2028-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                              | United Parcel Service Inc                                                       | CUSIP: 911312CK0<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1394000 | PA      | $1417823.49   | 0.03%             | 2055-05-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382QB90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5363917 | PA      | $4543233.24   | 0.09%             | 2051-05-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                        | Walmart Inc                                                                     | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   8245000 | PA      | $8299154.40   | 0.16%             | 2035-04-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                             | Philip Morris International Inc                                                 | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   7833000 | PA      | $7781932.29   | 0.15%             | 2028-04-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418DYH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1714393 | PA      | $1463182.52   | 0.03%             | 2041-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                          | Amgen Inc                                                                       | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    815000 | PA      | $788092.50    | 0.01%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS Mortgage Trust 2025-5C34                                                  | CUSIP: 07337BAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2332000 | PA      | $2416749.08   | 0.05%             | 2058-05-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ABZ63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4016405 | PA      | $3686861.96   | 0.07%             | 2043-01-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BN2C9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1931209 | PA      | $1810072.09   | 0.03%             | 2052-09-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                             | UnitedHealth Group Inc                                                          | CUSIP: 91324PFL1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   5774000 | PA      | $5500270.08   | 0.10%             | 2054-07-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137B6N56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    676765 | PA      | $672365.63    | 0.01%             | 2043-12-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                     | CUSIP: 694308HY6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   5409000 | PA      | $3885668.90   | 0.07%             | 2047-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AVWS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2110900 | PA      | $2093370.52   | 0.04%             | 2047-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust                                                            | CUSIP: 92348KDY6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   9454000 | PA      | $9460474.10   | 0.18%             | 2030-03-20      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3138X3EH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3145768 | PA      | $2810144.73   | 0.05%             | 2043-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CNL1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  52572000 | PA      | $52374855.00  | 0.99%             | 2027-06-30      | Fixed         | 3.75%                 | No            |                  1 | On Loan: No      |
| CON EDISON CO OF NY INC                            | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111GH0<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1270072.14   | 0.02%             | 2034-05-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CONSUMERS ENERGY CO                                | Consumers Energy Co                                                             | CUSIP: 210518DY9<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |   4630000 | PA      | $4621300.97   | 0.09%             | 2031-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Private Education Refi Loan Trust 2021-F                                | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3309881 | PA      | $2919392.25   | 0.06%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS Mortgage Trust 2025-C35                                                   | CUSIP: 07337DAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1285000 | PA      | $1329984.00   | 0.03%             | 2058-07-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 31397UGD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1134221 | PA      | $1125965.82   | 0.02%             | 2041-06-25      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                         | Navient Student Loan Trust 2021-3                                               | CUSIP: 63942WAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3373603 | PA      | $2933330.32   | 0.06%             | 2070-08-25      | Fixed         | 1.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QUVA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3652511 | PA      | $3778256.27   | 0.07%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                | General Electric Co                                                             | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   3070000 | PA      | $3059644.68   | 0.06%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                 | Realty Income Corp                                                              | CUSIP: 756109BL7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   2204000 | PA      | $1937845.93   | 0.04%             | 2032-12-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                       | CaixaBank SA                                                                    | CUSIP: 12803RAK0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   5866000 | PA      | $5857030.12   | 0.11%             | 2029-07-03      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FPPA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2691901 | PA      | $2470428.22   | 0.05%             | 2049-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY FLORIDA LLC                            | Duke Energy Florida LLC                                                         | CUSIP: 26444HAK7<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |   2351000 | PA      | $2069674.69   | 0.04%             | 2031-12-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MHUK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1455555 | PA      | $1209124.05   | 0.02%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                          | Nelnet Student Loan Trust 2005-1                                                | CUSIP: 64031QBR1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4676890 | PA      | $4627223.84   | 0.09%             | 2033-10-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FAY28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1504141 | PA      | $1336916.58   | 0.03%             | 2047-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                         | Verus Securitization Trust 2021-1                                               | CUSIP: 92537QAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1162393 | PA      | $1032169.95   | 0.02%             | 2066-01-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140X4HF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4609527 | PA      | $4079904.55   | 0.08%             | 2049-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                             | Diamondback Energy Inc                                                          | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3400738.17   | 0.06%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BHAA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8004417 | PA      | $6402148.74   | 0.12%             | 2051-05-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CY2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   2237000 | PA      | $2226446.39   | 0.04%             | 2055-02-12      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137FN5F3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1203659 | PA      | $1179744.91   | 0.02%             | 2049-08-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                          | Boeing Co/The                                                                   | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3121000 | PA      | $3012042.43   | 0.06%             | 2050-05-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XHEN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7881462 | PA      | $7020593.17   | 0.13%             | 2047-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    244000 | PA      | $166577.66    | 0.00%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132AEQT6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10174728 | PA      | $9094887.01   | 0.17%             | 2045-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                            | Morgan Stanley Private Bank NA                                                  | CUSIP: 61776NVE0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   5493000 | PA      | $5487145.56   | 0.10%             | 2028-07-06      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                              | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBB9<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1076000 | PA      | $966149.09    | 0.02%             | 2031-04-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AutoNation Finance Trust 2025-1                    | AutoNation Finance Trust 2025-1                                                 | CUSIP: 05330QAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1851000 | PA      | $1861903.32   | 0.04%             | 2030-06-10      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC        | BBCMS Mortgage Trust 2022-C17                                                   | CUSIP: 054976AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4118000 | PA      | $3960837.77   | 0.08%             | 2055-09-15      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HKUP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1981996 | PA      | $1876190.68   | 0.04%             | 2043-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Crowley Conro LLC                                  | Crowley Conro LLC                                                               | CUSIP: 228023AB3<br>LEI: 5493002RTOQUGXZXJJ02 | Long             | DBT              | CORP              | US        |   2145223 | PA      | $1936441.41   | 0.04%             | 2043-08-15      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| EAGLE FUNDING LUXCO SARL                           | Eagle Funding Luxco Sarl                                                        | CUSIP: 26951TAA8<br>LEI: 894500VDP08MVIZ6OA60 | Long             | DBT              | NUSS              | LU        |   9423000 | PA      | $9465403.50   | 0.18%             | 2030-08-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17970000 | PA      | $16161768.75  | 0.31%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| GLENCORE FUNDING LLC                               | Glencore Funding LLC                                                            | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   4867000 | PA      | $4949661.32   | 0.09%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17657000 | PA      | $15405042.82  | 0.29%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132AEV52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6562680 | PA      | $5881273.63   | 0.11%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BSVH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2144115 | PA      | $2083282.65   | 0.04%             | 2055-01-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| DEERE & COMPANY                                    | Deere & Co                                                                      | CUSIP: 244199BL8<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |   8079000 | PA      | $8384988.25   | 0.16%             | 2035-01-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418CEF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12493624 | PA      | $10996950.74  | 0.21%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BHPY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    650927 | PA      | $569945.73    | 0.01%             | 2041-06-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38379GQX8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2220042 | PA      | $1984037.46   | 0.04%             | 2044-09-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                            | Imperial Brands Finance PLC                                                     | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   3595000 | PA      | $3598276.12   | 0.07%             | 2035-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                | Toyota Auto Receivables 2025-B Owner Trust                                      | CUSIP: 89231HAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    924000 | PA      | $926273.96    | 0.02%             | 2029-11-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                     | Mercedes-Benz Auto Lease Trust 2025-A                                           | CUSIP: 58768YAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7656000 | PA      | $7706376.48   | 0.15%             | 2029-04-16      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                   | Freddie Mac Strips                                                              | CUSIP: 3128HXMV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4311066 | PA      | $3918490.38   | 0.07%             | 2042-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                          | Amgen Inc                                                                       | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2580000 | PA      | $2548565.07   | 0.05%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                           | AT&T Inc                                                                        | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1661000 | PA      | $1104731.71   | 0.02%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                             | CUSIP: 025816DZ9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3199000 | PA      | $3262059.33   | 0.06%             | 2036-01-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 101670000 | PA      | $74648020.31  | 1.42%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38379XN63<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5123755 | PA      | $4216328.86   | 0.08%             | 2044-04-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142BGWE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15794800 | PA      | $15671430.42  | 0.30%             | 2055-06-01      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Ginnie Mae II Pool                                                              | CUSIP: 3622ABMK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7598936 | PA      | $6624032.69   | 0.13%             | 2050-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                           | Devon Energy Corp                                                               | CUSIP: 25179MBH5<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   2968000 | PA      | $2658663.35   | 0.05%             | 2054-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXRS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  21307202 | PA      | $18296917.30  | 0.35%             | 2060-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3142GS4Q8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2050448 | PA      | $2123555.54   | 0.04%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                            | Entergy Mississippi LLC                                                         | CUSIP: 29366WAG1<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |   2308000 | PA      | $2305640.21   | 0.04%             | 2055-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                | JPMorgan Chase & Co                                                             | CUSIP: 46647PBL9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5401000 | PA      | $4934882.90   | 0.09%             | 2031-04-22      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38377RKA2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2342006 | PA      | $2317836.27   | 0.04%             | 2040-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BLES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8650246 | PA      | $7632292.98   | 0.14%             | 2047-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38384QH76<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  16961530 | PA      | $15905668.39  | 0.30%             | 2047-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust Series 2025-2                                              | CUSIP: 92348KDV2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10359000 | PA      | $10541009.70  | 0.20%             | 2033-01-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                             | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2354145.16   | 0.04%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1557000 | PA      | $1357845.92   | 0.03%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382TXL3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9788875 | PA      | $7850158.20   | 0.15%             | 2051-06-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                  | T-Mobile US Trust 2025-2                                                        | CUSIP: 87268MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3720000 | PA      | $3717671.28   | 0.07%             | 2030-04-22      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383MFU7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5132423 | PA      | $4796436.06   | 0.09%             | 2041-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                              | American Homes 4 Rent LP                                                        | CUSIP: 02666TAF4<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   1365000 | PA      | $1059332.38   | 0.02%             | 2052-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                 | Realty Income Corp                                                              | CUSIP: 756109CA0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   1708000 | PA      | $1614611.70   | 0.03%             | 2028-03-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382NFU6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2160099 | PA      | $2127491.27   | 0.04%             | 2051-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                            | John Deere Capital Corp                                                         | CUSIP: 24422EXZ7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   3132000 | PA      | $3168870.53   | 0.06%             | 2028-01-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3132E0A44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14627258 | PA      | $12865125.93  | 0.24%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  70355000 | PA      | $67397891.41  | 1.28%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  1 | On Loan: No      |
| McDonald's Corp                                    | McDonald's Corp                                                                 | CUSIP: 58013MEF7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2933326.13   | 0.06%             | 2038-03-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                              | Uber Technologies Inc                                                           | CUSIP: 90353TAQ3<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   2136000 | PA      | $1995374.30   | 0.04%             | 2054-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                            | Nationwide Building Society                                                     | CUSIP: 63861VAN7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   2883000 | PA      | $2913737.74   | 0.06%             | 2036-07-14      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383D2L1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14762454 | PA      | $12731655.81  | 0.24%             | 2051-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34279000 | PA      | $21714943.00  | 0.41%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  1 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38383RWC7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2260000 | PA      | $1734844.03   | 0.03%             | 2052-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288RE46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4986147 | PA      | $4989123.67   | 0.09%             | 2055-01-01      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                                     | Home Depot Inc/The                                                              | CUSIP: 437076DC3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   2699000 | PA      | $2742835.94   | 0.05%             | 2029-06-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                | American Express Co                                                             | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   6737000 | PA      | $6796006.28   | 0.13%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XGTG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3220561 | PA      | $2866309.33   | 0.05%             | 2042-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XPPL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4634237 | PA      | $4141450.60   | 0.08%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2916000 | PA      | $2904167.05   | 0.06%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140MM5C8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3312382 | PA      | $3275426.77   | 0.06%             | 2052-09-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AMUK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3651132 | PA      | $3258188.71   | 0.06%             | 2045-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                               | Verizon Master Trust                                                            | CUSIP: 92348KBS1<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  11813000 | PA      | $11891480.85  | 0.23%             | 2029-06-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust                      | Synchrony Card Issuance Trust                                                   | CUSIP: 87166PAP6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5781000 | PA      | $5841187.15   | 0.11%             | 2031-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XGKS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2083750 | PA      | $1842638.47   | 0.03%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JCP99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4356879 | PA      | $4332165.24   | 0.08%             | 2055-01-01      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H5ZK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1690838 | PA      | $1552638.61   | 0.03%             | 2047-12-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust           | Americredit Automobile Receivables Trust 2023-1                                 | CUSIP: 03067BAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1157472 | PA      | $1161122.12   | 0.02%             | 2027-11-18      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                             | Pacific Gas and Electric Co                                                     | CUSIP: 694308JU2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1067626.12   | 0.02%             | 2041-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3635000 | PA      | $3646207.47   | 0.07%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AV5J4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1977418 | PA      | $1959270.15   | 0.04%             | 2047-04-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                                | COMM 2015-LC23 Mortgage Trust                                                   | CUSIP: 12636FBH5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     69152 | PA      | $69050.85     | 0.00%             | 2048-10-10      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                      | Citigroup Inc                                                                   | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6344000 | PA      | $6373735.72   | 0.12%             | 2036-03-27      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XBQP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5364626 | PA      | $4458960.82   | 0.08%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                       | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   6451000 | PA      | $6584208.05   | 0.12%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA Inc                                                                         | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2034268.95   | 0.04%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation             | CLARK CNTY NV ARPT REVENUE                                                      | CUSIP: 18085PMT8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2379947.45   | 0.05%             | 2045-07-01      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382NPQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3705722 | PA      | $2845501.63   | 0.05%             | 2051-02-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140XNRG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  47682157 | PA      | $47498050.07  | 0.90%             | 2054-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PARAGUAY                               | Paraguay Government International Bond                                          | CUSIP: 699149BY5<br>LEI: 529900UXKJTJPCU0HK83 | Long             | DBT              | NUSS              | PY        |   1566000 | PA      | $1581503.40   | 0.03%             | 2055-03-04      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 31288RGB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2478077 | PA      | $2479251.88   | 0.05%             | 2055-06-01      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| SIEMENS FUNDING BV                                 | Siemens Funding BV                                                              | CUSIP: 82622RAE6<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   4729000 | PA      | $4838893.54   | 0.09%             | 2035-05-28      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140JB6N1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14974006 | PA      | $14716964.30  | 0.28%             | 2053-04-01      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BQEE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4784730 | PA      | $4703479.45   | 0.09%             | 2050-01-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                     | Hyundai Auto Receivables Trust 2022-A                                           | CUSIP: 448977AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147011 | PA      | $146853.29    | 0.00%             | 2026-10-15      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                       | Ford Credit Auto Owner Trust 2022-D                                             | CUSIP: 345295AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1673000 | PA      | $1685719.82   | 0.03%             | 2028-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                 | Realty Income Corp                                                              | CUSIP: 756109BT0<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |   2622000 | PA      | $2610285.59   | 0.05%             | 2033-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140FXKV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2864813 | PA      | $2667461.75   | 0.05%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP                               | Ares Management Corp                                                            | CUSIP: 03990BAB7<br>LEI: 529900JUV61FH7B8VW38 | Long             | DBT              | CORP              | US        |   2693000 | PA      | $2536189.57   | 0.05%             | 2054-10-11      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137H5CE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2174543 | PA      | $1902621.18   | 0.04%             | 2049-05-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38380H3A8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1951162 | PA      | $1826180.93   | 0.03%             | 2044-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                                | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAD4<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |   3031000 | PA      | $2876411.70   | 0.05%             | 2032-04-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Notes                                                             | CUSIP: 91282CGS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55176000 | PA      | $54410863.92  | 1.03%             | 2030-03-31      | Fixed         | 3.63%                 | No            |                  1 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3142GS4V7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1883602 | PA      | $1982099.76   | 0.04%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136BSN43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1950398 | PA      | $1630958.69   | 0.03%             | 2043-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                             | U.S. Treasury Bonds                                                             | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28071000 | PA      | $20215506.09  | 0.38%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  1 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136B0WX0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1237707 | PA      | $1222103.11   | 0.02%             | 2048-02-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Non Gold Pool                                                       | CUSIP: 3142B3WE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2985136 | PA      | $2991140.60   | 0.06%             | 2055-06-01      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140QUZW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4227986 | PA      | $4378722.02   | 0.08%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133B5NK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    883217 | PA      | $731421.77    | 0.01%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                          | Nelnet Student Loan Trust 2004-4                                                | CUSIP: 64031QBK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1097042 | PA      | $1093762.53   | 0.02%             | 2037-01-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AVRD3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    743216 | PA      | $738570.92    | 0.01%             | 2047-03-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                           | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAY4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   1743000 | PA      | $1258934.55   | 0.02%             | 2052-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                               | Bank of America Corp                                                            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  11228000 | PA      | $10919404.03  | 0.21%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137ATDK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1410122 | PA      | $1315023.03   | 0.02%             | 2042-07-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                     | Eli Lilly & Co                                                                  | CUSIP: 532457CX4<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   1932000 | PA      | $1964311.68   | 0.04%             | 2035-02-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137HCQJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3133266 | PA      | $2687792.65   | 0.05%             | 2044-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit           | Ford Credit Auto Owner Trust/Ford Credit                                        | CUSIP: 34532MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10711000 | PA      | $10873905.74  | 0.21%             | 2037-08-15      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                          | Apple Inc                                                                       | CUSIP: 037833EY2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2704951.74   | 0.05%             | 2028-05-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                           | Duke Energy Progress LLC                                                        | CUSIP: 26442UAC8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    536000 | PA      | $405510.91    | 0.01%             | 2046-10-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                         | Intel Corp                                                                      | CUSIP: 458140CH1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $944475.58    | 0.02%             | 2043-02-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust                                  | T-Mobile US Trust 2022-1                                                        | CUSIP: 87267WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    734110 | PA      | $734303.14    | 0.01%             | 2028-05-22      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac Pool                                                                | CUSIP: 3133KYWH8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4736558 | PA      | $4001192.10   | 0.08%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                        | Freddie Mac REMICS                                                              | CUSIP: 3137BRC60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14939280 | PA      | $14784909.09  | 0.28%             | 2041-06-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382VCK3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12955614 | PA      | $10579294.98  | 0.20%             | 2051-06-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association           | Government National Mortgage Association                                        | CUSIP: 38382MUU1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    778201 | PA      | $766093.24    | 0.01%             | 2051-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                              | Northrop Grumman Corp                                                           | CUSIP: 666807CP5<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   2382000 | PA      | $2419946.78   | 0.05%             | 2035-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 31418EED8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3895569 | PA      | $3431508.79   | 0.07%             | 2042-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae Pool                                                                 | CUSIP: 3140Y6PX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18894766 | PA      | $19235647.32  | 0.36%             | 2055-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                       | Alphabet Inc                                                                    | CUSIP: 02079KAK3<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   3344000 | PA      | $3333751.24   | 0.06%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136AUGJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1755006 | PA      | $1740934.74   | 0.03%             | 2046-11-25      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                                  | NSTAR Electric Co                                                               | CUSIP: 67021CAV9<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |   2724000 | PA      | $2790032.38   | 0.05%             | 2034-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                         | Fannie Mae REMICS                                                               | CUSIP: 3136ANPY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1828103 | PA      | $1780248.91   | 0.03%             | 2045-05-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF PERU                                   | Peruvian Government International Bond                                          | CUSIP: 715638FC1<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |   2437000 | PA      | $2424449.45   | 0.05%             | 2036-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                            | Consolidated Edison Co of New York Inc                                          | CUSIP: 209111GN7<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   3166000 | PA      | $3061862.69   | 0.06%             | 2055-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** ALLSPRING MASTER TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer