# EDGAR Filing Document

**Accession Number:** 0001282693
**File Stem:** 0000894189-25-015345
**Filing Date:** 2025-11
**Character Count:** 227589
**Document Hash:** b9ecb4de412957ee88bb122212802b8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-015345.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000894189-25-015345

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAIRD FUNDS INC
- **CENTRAL INDEX KEY:** 0001282693

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09997
- **FILM NUMBER:** 251522292

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-3500

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Baird Ultra Short Bond Fund (Series ID: S000043689)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000135467 | Institutional Class | BUBIX           |
| C000135468 | Investor Class      | BUBSX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Baird Ultra Short Bond Fund** | **Baird Ultra Short Bond Fund** | **Baird Ultra Short Bond Fund** | **Baird Ultra Short Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 48.3%** | **CORPORATE BONDS - 48.3%** | **Par** | **Value**  |
| **Financials - 18.3%** | **Financials - 18.3%** | **Financials - 18.3%** | **Financials - 18.3%** |
| ABN AMRO Bank NV | ABN AMRO Bank NV | ABN AMRO Bank NV | ABN AMRO Bank NV |
| &nbsp;&nbsp; 4.80%, 04/18/2026 <sup>(a)</sup> | &nbsp;&nbsp; 4.80%, 04/18/2026 <sup>(a)</sup> | $1000000 | $1001449 |
| &nbsp;&nbsp; 6.34% to 09/18/2026 then 1 yr. CMT Rate + 1.65%, 09/18/2027 (Callable 09/18/2026) <sup>(a)</sup> | &nbsp;&nbsp; 6.34% to 09/18/2026 then 1 yr. CMT Rate + 1.65%, 09/18/2027 (Callable 09/18/2026) <sup>(a)</sup> | 17625000 | 17967607 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
| &nbsp;&nbsp; 1.75%, 01/30/2026 (Callable 12/30/2025) | &nbsp;&nbsp; 1.75%, 01/30/2026 (Callable 12/30/2025) | 17139000 | 16999579 |
| &nbsp;&nbsp; 4.45%, 04/03/2026 (Callable 02/03/2026) | &nbsp;&nbsp; 4.45%, 04/03/2026 (Callable 02/03/2026) | 38481000 | 38476554 |
| &nbsp;&nbsp; 2.45%, 10/29/2026 (Callable 09/29/2026) | &nbsp;&nbsp; 2.45%, 10/29/2026 (Callable 09/29/2026) | 8650000 | 8498493 |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| &nbsp;&nbsp; 2.88%, 01/15/2026 (Callable 12/15/2025) | &nbsp;&nbsp; 2.88%, 01/15/2026 (Callable 12/15/2025) | 26875000 | 26756229 |
| &nbsp;&nbsp; 3.75%, 06/01/2026 (Callable 04/01/2026) | &nbsp;&nbsp; 3.75%, 06/01/2026 (Callable 04/01/2026) | 22162000 | 22043933 |
| &nbsp;&nbsp; 1.88%, 08/15/2026 (Callable 07/15/2026) | &nbsp;&nbsp; 1.88%, 08/15/2026 (Callable 07/15/2026) | 11523000 | 11283377 |
|  Aircastle Ltd., 4.25%, 06/15/2026 (Callable 04/15/2026) | Aircastle Ltd., 4.25%, 06/15/2026 (Callable 04/15/2026) | 17936000 | 17917493 |
| Aviation Capital Group LLC | Aviation Capital Group LLC | Aviation Capital Group LLC | Aviation Capital Group LLC |
| &nbsp;&nbsp; 1.95%, 01/30/2026 (Callable 12/30/2025) <sup>(a)</sup> | &nbsp;&nbsp; 1.95%, 01/30/2026 (Callable 12/30/2025) <sup>(a)</sup> | 7518000 | 7451532 |
| &nbsp;&nbsp; 1.95%, 09/20/2026 (Callable 08/20/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.95%, 09/20/2026 (Callable 08/20/2026) <sup>(a)</sup> | 22123000 | 21618066 |
| Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. | Avolon Holdings Funding Ltd. |
| &nbsp;&nbsp; 5.50%, 01/15/2026 (Callable 12/15/2025) <sup>(a)</sup> | &nbsp;&nbsp; 5.50%, 01/15/2026 (Callable 12/15/2025) <sup>(a)</sup> | 17096000 | 17118664 |
| &nbsp;&nbsp; 2.13%, 02/21/2026 (Callable 01/21/2026) <sup>(a)</sup> | &nbsp;&nbsp; 2.13%, 02/21/2026 (Callable 01/21/2026) <sup>(a)</sup> | 5842000 | 5781833 |
| &nbsp;&nbsp; 4.38%, 05/01/2026 (Callable 03/01/2026) <sup>(a)</sup> | &nbsp;&nbsp; 4.38%, 05/01/2026 (Callable 03/01/2026) <sup>(a)</sup> | 2700000 | 2698184 |
|  Bank of America Corp., 1.73% to 07/22/2026 then SOFR + 0.96%, 07/22/2027 (Callable 07/22/2026) | Bank of America Corp., 1.73% to 07/22/2026 then SOFR + 0.96%, 07/22/2027 (Callable 07/22/2026) | 94625000 | 92735204 |
|  Bank of Ireland Group PLC, 2.03% to 09/30/2026 then 1 yr. CMT Rate + 1.10%, 09/30/2027 (Callable 09/30/2026) <sup>(a)</sup> | Bank of Ireland Group PLC, 2.03% to 09/30/2026 then 1 yr. CMT Rate + 1.10%, 09/30/2027 (Callable 09/30/2026) <sup>(a)</sup> | 39933000 | 39025645 |
|  Bank of Nova Scotia, 4.50%, 12/16/2025 | Bank of Nova Scotia, 4.50%, 12/16/2025 | 55305000 | 55321978 |
| Barclays PLC | Barclays PLC | Barclays PLC | Barclays PLC |
| &nbsp;&nbsp; 5.83% to 05/09/2026 then SOFR + 2.21%, 05/09/2027 (Callable 05/09/2026) | &nbsp;&nbsp; 5.83% to 05/09/2026 then SOFR + 2.21%, 05/09/2027 (Callable 05/09/2026) | 45425000 | 45826300 |
| &nbsp;&nbsp; 6.50% to 09/13/2026 then SOFR + 1.88%, 09/13/2027 (Callable 09/13/2026) | &nbsp;&nbsp; 6.50% to 09/13/2026 then SOFR + 1.88%, 09/13/2027 (Callable 09/13/2026) | 20853000 | 21275451 |
|  BGC Group, Inc., 4.38%, 12/15/2025 (Callable 10/11/2025) | BGC Group, Inc., 4.38%, 12/15/2025 (Callable 10/11/2025) | 21786000 | 21758399 |
|  BNP Paribas SA, 1.32% to 01/13/2026 then SOFR + 1.00%, 01/13/2027 (Callable 01/13/2026) <sup>(a)</sup> | BNP Paribas SA, 1.32% to 01/13/2026 then SOFR + 1.00%, 01/13/2027 (Callable 01/13/2026) <sup>(a)</sup> | 31422000 | 31135105 |
|  Boston Properties LP, 3.65%, 02/01/2026 (Callable 11/03/2025) | Boston Properties LP, 3.65%, 02/01/2026 (Callable 11/03/2025) | 21164000 | 21099653 |
| BPCE SA | BPCE SA | BPCE SA | BPCE SA |
| &nbsp;&nbsp; 1.65% to 10/06/2025 then SOFR + 1.52%, 10/06/2026 (Callable 10/06/2025) <sup>(a)</sup> | &nbsp;&nbsp; 1.65% to 10/06/2025 then SOFR + 1.52%, 10/06/2026 (Callable 10/06/2025) <sup>(a)</sup> | 875000 | 874646 |
| &nbsp;&nbsp; 5.98% to 01/18/2026 then SOFR + 2.10%, 01/18/2027 (Callable 01/18/2026) <sup>(a)</sup> | &nbsp;&nbsp; 5.98% to 01/18/2026 then SOFR + 2.10%, 01/18/2027 (Callable 01/18/2026) <sup>(a)</sup> | 15335000 | 15392496 |
| &nbsp;&nbsp; 2.05% to 10/19/2026 then SOFR + 1.09%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | &nbsp;&nbsp; 2.05% to 10/19/2026 then SOFR + 1.09%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | 6590000 | 6432916 |
| &nbsp;&nbsp; 6.61% to 10/19/2026 then SOFR + 1.98%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | &nbsp;&nbsp; 6.61% to 10/19/2026 then SOFR + 1.98%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | 1306000 | 1335532 |
|  Capital One Financial Corp., 1.88% to 11/02/2026 then SOFR + 0.86%, 11/02/2027 (Callable 11/02/2026) | Capital One Financial Corp., 1.88% to 11/02/2026 then SOFR + 0.86%, 11/02/2027 (Callable 11/02/2026) | 20896000 | 20360469 |
| Capital One NA | Capital One NA | Capital One NA | Capital One NA |
| &nbsp;&nbsp; 4.25%, 03/13/2026 | &nbsp;&nbsp; 4.25%, 03/13/2026 | 6888000 | 6885008 |
| &nbsp;&nbsp; 3.45%, 07/27/2026 (Callable 04/27/2026) | &nbsp;&nbsp; 3.45%, 07/27/2026 (Callable 04/27/2026) | 9832000 | 9773154 |
|  Citigroup, Inc., 3.89% to 01/10/2027 then 3 mo. Term SOFR + 1.82%, 01/10/2028 (Callable 01/10/2027) | Citigroup, Inc., 3.89% to 01/10/2027 then 3 mo. Term SOFR + 1.82%, 01/10/2028 (Callable 01/10/2027) | 4792000 | 4772437 |
|  Cooperatieve Rabobank UA, 3.75%, 07/21/2026 | Cooperatieve Rabobank UA, 3.75%, 07/21/2026 | 69656000 | 69334444 |
| Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY |
| &nbsp;&nbsp; 2.13% to 11/24/2025 then SOFR + 1.87%, 11/24/2026 (Callable 11/24/2025) | &nbsp;&nbsp; 2.13% to 11/24/2025 then SOFR + 1.87%, 11/24/2026 (Callable 11/24/2025) | 47666000 | 47491461 |
| &nbsp;&nbsp; 7.15% to 07/13/2026 then SOFR + 2.52%, 07/13/2027 (Callable 07/13/2026) | &nbsp;&nbsp; 7.15% to 07/13/2026 then SOFR + 2.52%, 07/13/2027 (Callable 07/13/2026) | 4677000 | 4777097 |
| &nbsp;&nbsp; 2.31% to 11/16/2026 then SOFR + 1.22%, 11/16/2027 (Callable 11/16/2026) | &nbsp;&nbsp; 2.31% to 11/16/2026 then SOFR + 1.22%, 11/16/2027 (Callable 11/16/2026) | 13576000 | 13278990 |
|  Extra Space Storage LP, 3.50%, 07/01/2026 (Callable 04/01/2026) | Extra Space Storage LP, 3.50%, 07/01/2026 (Callable 04/01/2026) | 41832000 | 41637813 |
|  Fifth Third Bank NA, 3.85%, 03/15/2026 (Callable 02/15/2026) | Fifth Third Bank NA, 3.85%, 03/15/2026 (Callable 02/15/2026) | 13816000 | 13790514 |
|  GATX Corp., 3.25%, 09/15/2026 (Callable 06/15/2026) | GATX Corp., 3.25%, 09/15/2026 (Callable 06/15/2026) | 5795000 | 5750010 |
|  Goldman Sachs Group, Inc., 4.39% to 06/15/2026 then SOFR + 1.51%, 06/15/2027 (Callable 06/15/2026) | Goldman Sachs Group, Inc., 4.39% to 06/15/2026 then SOFR + 1.51%, 06/15/2027 (Callable 06/15/2026) | 49240000 | 49291988 |
|  Hanover Insurance Group, Inc., 4.50%, 04/15/2026 (Callable 01/15/2026) | Hanover Insurance Group, Inc., 4.50%, 04/15/2026 (Callable 01/15/2026) | 38450000 | 38473982 |
|  Healthcare Realty Holdings LP, 3.50%, 08/01/2026 (Callable 05/01/2026) | Healthcare Realty Holdings LP, 3.50%, 08/01/2026 (Callable 05/01/2026) | 12183000 | 12095352 |
|  Host Hotels & Resorts LP, 4.50%, 02/01/2026 (Callable 11/01/2025) | Host Hotels & Resorts LP, 4.50%, 02/01/2026 (Callable 11/01/2025) | 22846000 | 22814786 |
|  HSBC Holdings PLC, 5.89% to 08/14/2026 then SOFR + 1.57%, 08/14/2027 (Callable 08/14/2026) | HSBC Holdings PLC, 5.89% to 08/14/2026 then SOFR + 1.57%, 08/14/2027 (Callable 08/14/2026) | 36883000 | 37379613 |
|  ING Groep NV, 1.73% to 04/01/2026 then SOFR + 1.01%, 04/01/2027 (Callable 04/01/2026) | ING Groep NV, 1.73% to 04/01/2026 then SOFR + 1.01%, 04/01/2027 (Callable 04/01/2026) | 16300000 | 16089826 |
|  Jackson National Life Global Funding, 5.60%, 04/10/2026 <sup>(a)</sup> | Jackson National Life Global Funding, 5.60%, 04/10/2026 <sup>(a)</sup> | 8105000 | 8163633 |
| Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. |
| &nbsp;&nbsp; 4.75%, 08/11/2026 (Callable 02/11/2026) | &nbsp;&nbsp; 4.75%, 08/11/2026 (Callable 02/11/2026) | 46850000 | 46950876 |
| &nbsp;&nbsp; 4.50%, 09/15/2026 (Callable 03/16/2026) | &nbsp;&nbsp; 4.50%, 09/15/2026 (Callable 03/16/2026) | 19700000 | 19740891 |
|  Lloyds Banking Group PLC, 5.99% to 08/07/2026 then 1 yr. CMT Rate + 1.48%, 08/07/2027 (Callable 08/07/2026) | Lloyds Banking Group PLC, 5.99% to 08/07/2026 then 1 yr. CMT Rate + 1.48%, 08/07/2027 (Callable 08/07/2026) | 30776000 | 31216485 |
| Macquarie Group Ltd. | Macquarie Group Ltd. | Macquarie Group Ltd. | Macquarie Group Ltd. |
| &nbsp;&nbsp; 1.34% to 01/12/2026 then SOFR + 1.07%, 01/12/2027 (Callable 01/12/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.34% to 01/12/2026 then SOFR + 1.07%, 01/12/2027 (Callable 01/12/2026) <sup>(a)</sup> | 32034000 | 31759494 |
| &nbsp;&nbsp; 1.63% to 09/23/2026 then SOFR + 0.91%, 09/23/2027 (Callable 09/23/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.63% to 09/23/2026 then SOFR + 0.91%, 09/23/2027 (Callable 09/23/2026) <sup>(a)</sup> | 18401000 | 17933035 |
|  Mizuho Financial Group, Inc., 4.35%, 10/20/2025 <sup>(a)</sup> | Mizuho Financial Group, Inc., 4.35%, 10/20/2025 <sup>(a)</sup> | 1930000 | 1929799 |
| Nationwide Building Society | Nationwide Building Society | Nationwide Building Society | Nationwide Building Society |
| &nbsp;&nbsp; 4.00%, 09/14/2026 <sup>(a)</sup> | &nbsp;&nbsp; 4.00%, 09/14/2026 <sup>(a)</sup> | 46248000 | 46135162 |
| &nbsp;&nbsp; 6.56% to 10/18/2026 then SOFR + 1.91%, 10/18/2027 (Callable 10/18/2026) <sup>(a)</sup> | &nbsp;&nbsp; 6.56% to 10/18/2026 then SOFR + 1.91%, 10/18/2027 (Callable 10/18/2026) <sup>(a)</sup> | 9225000 | 9435035 |
| NatWest Group PLC | NatWest Group PLC | NatWest Group PLC | NatWest Group PLC |
| &nbsp;&nbsp; 7.47% to 11/10/2025 then 1 yr. CMT Rate + 2.85%, 11/10/2026 (Callable 11/10/2025) | &nbsp;&nbsp; 7.47% to 11/10/2025 then 1 yr. CMT Rate + 2.85%, 11/10/2026 (Callable 11/10/2025) | 41963000 | 42094484 |
| &nbsp;&nbsp; 5.85% to 03/02/2026 then 1 yr. CMT Rate + 1.35%, 03/02/2027 (Callable 03/02/2026) | &nbsp;&nbsp; 5.85% to 03/02/2026 then 1 yr. CMT Rate + 1.35%, 03/02/2027 (Callable 03/02/2026) | 17400000 | 17504073 |
| &nbsp;&nbsp; 1.64% to 06/14/2026 then 1 yr. CMT Rate + 0.90%, 06/14/2027 (Callable 06/14/2026) | &nbsp;&nbsp; 1.64% to 06/14/2026 then 1 yr. CMT Rate + 0.90%, 06/14/2027 (Callable 06/14/2026) | 8475000 | 8314708 |
|  Old Republic International Corp., 3.88%, 08/26/2026 (Callable 07/26/2026) | Old Republic International Corp., 3.88%, 08/26/2026 (Callable 07/26/2026) | 43316000 | 43154196 |
|  Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc., 2.88%, 10/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | Rocket Mortgage LLC / Rocket Mortgage Co.-Issuer, Inc., 2.88%, 10/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | 23023000 | 22551699 |
|  Royal Bank of Canada, 4.65%, 01/27/2026 | Royal Bank of Canada, 4.65%, 01/27/2026 | 40357000 | 40379951 |
| Santander UK Group Holdings PLC | Santander UK Group Holdings PLC | Santander UK Group Holdings PLC | Santander UK Group Holdings PLC |
| &nbsp;&nbsp; 6.83% to 11/21/2025 then SOFR + 2.75%, 11/21/2026 (Callable 11/21/2025) | &nbsp;&nbsp; 6.83% to 11/21/2025 then SOFR + 2.75%, 11/21/2026 (Callable 11/21/2025) | 31226000 | 31318467 |
| &nbsp;&nbsp; 1.67% to 06/14/2026 then SOFR + 0.99%, 06/14/2027 (Callable 06/14/2026) | &nbsp;&nbsp; 1.67% to 06/14/2026 then SOFR + 0.99%, 06/14/2027 (Callable 06/14/2026) | 12722000 | 12484996 |
|  SMBC Aviation Capital Finance DAC, 1.90%, 10/15/2026 (Callable 09/15/2026) <sup>(a)</sup> | SMBC Aviation Capital Finance DAC, 1.90%, 10/15/2026 (Callable 09/15/2026) <sup>(a)</sup> | 7296000 | 7111506 |
| Societe Generale SA | Societe Generale SA | Societe Generale SA | Societe Generale SA |
| &nbsp;&nbsp; 1.49% to 12/14/2025 then 1 yr. CMT Rate + 1.10%, 12/14/2026 (Callable 12/14/2025) <sup>(a)</sup> | &nbsp;&nbsp; 1.49% to 12/14/2025 then 1 yr. CMT Rate + 1.10%, 12/14/2026 (Callable 12/14/2025) <sup>(a)</sup> | 36142000 | 35917731 |
| &nbsp;&nbsp; 6.45% to 01/12/2026 then 1 yr. CMT Rate + 2.30%, 01/12/2027 (Callable 01/12/2026) <sup>(a)</sup> | &nbsp;&nbsp; 6.45% to 01/12/2026 then 1 yr. CMT Rate + 2.30%, 01/12/2027 (Callable 01/12/2026) <sup>(a)</sup> | 12800000 | 12862215 |
| &nbsp;&nbsp; 1.79% to 06/09/2026 then 1 yr. CMT Rate + 1.00%, 06/09/2027 (Callable 06/09/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.79% to 06/09/2026 then 1 yr. CMT Rate + 1.00%, 06/09/2027 (Callable 06/09/2026) <sup>(a)</sup> | 18925000 | 18581525 |
| &nbsp;&nbsp; 5.52% to 01/19/2027 then 1 yr. CMT Rate + 1.50%, 01/19/2028 (Callable 01/19/2027) <sup>(a)</sup> | &nbsp;&nbsp; 5.52% to 01/19/2027 then 1 yr. CMT Rate + 1.50%, 01/19/2028 (Callable 01/19/2027) <sup>(a)</sup> | 3100000 | 3141479 |
| Standard Chartered PLC | Standard Chartered PLC | Standard Chartered PLC | Standard Chartered PLC |
| &nbsp;&nbsp; 6.17% to 01/09/2026 then 1 yr. CMT Rate + 2.05%, 01/09/2027 (Callable 01/09/2026) <sup>(a)</sup> | &nbsp;&nbsp; 6.17% to 01/09/2026 then 1 yr. CMT Rate + 2.05%, 01/09/2027 (Callable 01/09/2026) <sup>(a)</sup> | 2000000 | 2008919 |
| &nbsp;&nbsp; 1.46% to 01/14/2026 then 1 yr. CMT Rate + 1.00%, 01/14/2027 (Callable 01/14/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.46% to 01/14/2026 then 1 yr. CMT Rate + 1.00%, 01/14/2027 (Callable 01/14/2026) <sup>(a)</sup> | 22868000 | 22651697 |
| &nbsp;&nbsp; 6.19% to 07/06/2026 then 1 yr. CMT Rate + 1.85%, 07/06/2027 (Callable 07/06/2026) <sup>(a)</sup> | &nbsp;&nbsp; 6.19% to 07/06/2026 then 1 yr. CMT Rate + 1.85%, 07/06/2027 (Callable 07/06/2026) <sup>(a)</sup> | 37904000 | 38409364 |
| &nbsp;&nbsp; 2.61% to 01/12/2027 then 1 yr. CMT Rate + 1.18%, 01/12/2028 (Callable 01/12/2027) <sup>(a)</sup> | &nbsp;&nbsp; 2.61% to 01/12/2027 then 1 yr. CMT Rate + 1.18%, 01/12/2028 (Callable 01/12/2027) <sup>(a)</sup> | 5200000 | 5086966 |
|  Synchrony Financial, 3.70%, 08/04/2026 (Callable 05/04/2026) | Synchrony Financial, 3.70%, 08/04/2026 (Callable 05/04/2026) | 15357000 | 15258080 |
|  Tanger Properties LP, 3.13%, 09/01/2026 (Callable 06/01/2026) | Tanger Properties LP, 3.13%, 09/01/2026 (Callable 06/01/2026) | 16812000 | 16624966 |
|  Trinity Acquisition PLC, 4.40%, 03/15/2026 (Callable 12/15/2025) | Trinity Acquisition PLC, 4.40%, 03/15/2026 (Callable 12/15/2025) | 19825000 | 19830833 |
|  Truist Financial Corp., 6.05% (SOFR + 2.05%), 06/08/2027 (Callable 06/08/2026) | Truist Financial Corp., 6.05% (SOFR + 2.05%), 06/08/2027 (Callable 06/08/2026) | 28013000 | 28338088 |
| UBS Group AG | UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 5.71% (1 yr. CMT Rate + 1.55%), 01/12/2027 (Callable 01/12/2026) <sup>(a)</sup> | &nbsp;&nbsp; 5.71% (1 yr. CMT Rate + 1.55%), 01/12/2027 (Callable 01/12/2026) <sup>(a)</sup> | 8265000 | 8294201 |
| &nbsp;&nbsp; 1.36% to 01/30/2026 then 1 yr. CMT Rate + 1.08%, 01/30/2027 (Callable 01/30/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.36% to 01/30/2026 then 1 yr. CMT Rate + 1.08%, 01/30/2027 (Callable 01/30/2026) <sup>(a)</sup> | 38030000 | 37645794 |
| &nbsp;&nbsp; 4.70% to 08/05/2026 then 1 yr. CMT Rate + 2.05%, 08/05/2027 (Callable 08/05/2026) <sup>(a)</sup> | &nbsp;&nbsp; 4.70% to 08/05/2026 then 1 yr. CMT Rate + 2.05%, 08/05/2027 (Callable 08/05/2026) <sup>(a)</sup> | 13989000 | 14035495 |
|  Voya Financial, Inc., 3.65%, 06/15/2026 | Voya Financial, Inc., 3.65%, 06/15/2026 | 23391000 | 23300660 |
|  Wells Fargo & Co., 3.20% to 06/17/2026 then 3 mo. Term SOFR + 1.43%, 06/17/2027 (Callable 06/17/2026) | Wells Fargo & Co., 3.20% to 06/17/2026 then 3 mo. Term SOFR + 1.43%, 06/17/2027 (Callable 06/17/2026) | 6352000 | 6307166 |
|  WP Carey, Inc., 4.25%, 10/01/2026 (Callable 07/01/2026) | WP Carey, Inc., 4.25%, 10/01/2026 (Callable 07/01/2026) | 18333000 | 18337728 |
|  |  |  | 1746634659 |
| **Industrials - 27.8%<sup>(b)</sup>** | **Industrials - 27.8%<sup>(b)</sup>** | **Industrials - 27.8%<sup>(b)</sup>** | **Industrials - 27.8%<sup>(b)</sup>** |
|  7-Eleven, Inc., 0.95%, 02/10/2026 (Callable 01/10/2026) <sup>(a)</sup> | 7-Eleven, Inc., 0.95%, 02/10/2026 (Callable 01/10/2026) <sup>(a)</sup> | 64832000 | 64012632 |
|  Allegiance Corp., 7.00%, 10/15/2026 | Allegiance Corp., 7.00%, 10/15/2026 | 4925000 | 5045922 |
|  Amcor Finance USA, Inc., 3.63%, 04/28/2026 (Callable 01/28/2026) | Amcor Finance USA, Inc., 3.63%, 04/28/2026 (Callable 01/28/2026) | 5085000 | 5060949 |
|  Amcor Flexibles North America, Inc., 3.10%, 09/15/2026 (Callable 06/15/2026) | Amcor Flexibles North America, Inc., 3.10%, 09/15/2026 (Callable 06/15/2026) | 3645000 | 3605287 |
|  Amrize Finance US LLC, 3.50%, 09/22/2026 (Callable 06/22/2026) <sup>(a)</sup> | Amrize Finance US LLC, 3.50%, 09/22/2026 (Callable 06/22/2026) <sup>(a)</sup> | 6987000 | 6933642 |
|  Apache Corp., 7.95%, 04/15/2026 | Apache Corp., 7.95%, 04/15/2026 | 2000000 | 2035987 |
|  Ashtead Capital, Inc., 1.50%, 08/12/2026 (Callable 07/12/2026) <sup>(a)</sup> | Ashtead Capital, Inc., 1.50%, 08/12/2026 (Callable 07/12/2026) <sup>(a)</sup> | 9339000 | 9118643 |
|  AutoNation, Inc., 4.50%, 10/01/2025 | AutoNation, Inc., 4.50%, 10/01/2025 | 22046000 | 22046000 |
|  Avnet, Inc., 4.63%, 04/15/2026 (Callable 01/15/2026) | Avnet, Inc., 4.63%, 04/15/2026 (Callable 01/15/2026) | 39998000 | 39960355 |
|  Bayer US Finance II LLC, 4.25%, 12/15/2025 (Callable 10/31/2025) <sup>(a)</sup> | Bayer US Finance II LLC, 4.25%, 12/15/2025 (Callable 10/31/2025) <sup>(a)</sup> | 52644000 | 52597906 |
|  Bayer US Finance LLC, 6.13%, 11/21/2026 (Callable 10/21/2026) <sup>(a)</sup> | Bayer US Finance LLC, 6.13%, 11/21/2026 (Callable 10/21/2026) <sup>(a)</sup> | 4220000 | 4292950 |
| Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. | Berry Global, Inc. |
| &nbsp;&nbsp; 1.57%, 01/15/2026 (Callable 12/15/2025) | &nbsp;&nbsp; 1.57%, 01/15/2026 (Callable 12/15/2025) | 59899000 | 59382970 |
| &nbsp;&nbsp; 4.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | &nbsp;&nbsp; 4.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | 1142000 | 1142161 |
|  Boardwalk Pipelines LP, 5.95%, 06/01/2026 (Callable 03/01/2026) | Boardwalk Pipelines LP, 5.95%, 06/01/2026 (Callable 03/01/2026) | 5801000 | 5837616 |
| Boeing Co. | Boeing Co. | Boeing Co. | Boeing Co. |
| &nbsp;&nbsp; 2.75%, 02/01/2026 (Callable 01/01/2026) | &nbsp;&nbsp; 2.75%, 02/01/2026 (Callable 01/01/2026) | 5545000 | 5513372 |
| &nbsp;&nbsp; 2.20%, 02/04/2026 (Callable 10/11/2025) | &nbsp;&nbsp; 2.20%, 02/04/2026 (Callable 10/11/2025) | 27706000 | 27496164 |
| &nbsp;&nbsp; 2.25%, 06/15/2026 (Callable 03/15/2026) | &nbsp;&nbsp; 2.25%, 06/15/2026 (Callable 03/15/2026) | 12825000 | 12643463 |
|  Broadridge Financial Solutions, Inc., 3.40%, 06/27/2026 (Callable 03/27/2026) | Broadridge Financial Solutions, Inc., 3.40%, 06/27/2026 (Callable 03/27/2026) | 35258000 | 35050046 |
|  Bunge Ltd. Finance Corp., 2.00%, 04/21/2026 (Callable 03/21/2026) | Bunge Ltd. Finance Corp., 2.00%, 04/21/2026 (Callable 03/21/2026) | 2500000 | 2470525 |
|  CCL Industries, Inc., 3.25%, 10/01/2026 (Callable 07/01/2026) <sup>(a)</sup> | CCL Industries, Inc., 3.25%, 10/01/2026 (Callable 07/01/2026) <sup>(a)</sup> | 4826000 | 4764545 |
|  CDW LLC / CDW Finance Corp., 2.67%, 12/01/2026 (Callable 11/01/2026) | CDW LLC / CDW Finance Corp., 2.67%, 12/01/2026 (Callable 11/01/2026) | 18165000 | 17820337 |
|  CNH Industrial Capital LLC, 1.45%, 07/15/2026 (Callable 06/15/2026) | CNH Industrial Capital LLC, 1.45%, 07/15/2026 (Callable 06/15/2026) | 63399000 | 62040546 |
|  Colorado Interstate Gas Co. LLC / Colorado Interstate Issuing Corp., 4.15%, 08/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | Colorado Interstate Gas Co. LLC / Colorado Interstate Issuing Corp., 4.15%, 08/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | 25755000 | 25707253 |
|  Columbia Pipelines Holding Co. LLC, 6.06%, 08/15/2026 (Callable 07/15/2026) <sup>(a)</sup> | Columbia Pipelines Holding Co. LLC, 6.06%, 08/15/2026 (Callable 07/15/2026) <sup>(a)</sup> | 9490000 | 9617798 |
|  Conagra Brands, Inc., 5.30%, 10/01/2026 | Conagra Brands, Inc., 5.30%, 10/01/2026 | 19603000 | 19802415 |
|  Concentrix Corp., 6.65%, 08/02/2026 (Callable 07/02/2026) | Concentrix Corp., 6.65%, 08/02/2026 (Callable 07/02/2026) | 69466000 | 70498447 |
|  Coty, Inc., 5.00%, 04/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | Coty, Inc., 5.00%, 04/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | 51715000 | 51558841 |
|  Cox Communications, Inc., 3.35%, 09/15/2026 (Callable 06/15/2026) <sup>(a)</sup> | Cox Communications, Inc., 3.35%, 09/15/2026 (Callable 06/15/2026) <sup>(a)</sup> | 13284000 | 13186208 |
|  Crown Castle, Inc., 1.05%, 07/15/2026 (Callable 06/15/2026) | Crown Castle, Inc., 1.05%, 07/15/2026 (Callable 06/15/2026) | 41362000 | 40331280 |
|  CVS Health Corp., 2.88%, 06/01/2026 (Callable 03/01/2026) | CVS Health Corp., 2.88%, 06/01/2026 (Callable 03/01/2026) | 18591000 | 18417903 |
|  Daimler Truck Finance North America LLC, 5.15%, 01/16/2026 <sup>(a)</sup> | Daimler Truck Finance North America LLC, 5.15%, 01/16/2026 <sup>(a)</sup> | 4850000 | 4859651 |
|  DuPont de Nemours, Inc., 4.49%, 11/15/2025 (Callable 10/31/2025) | DuPont de Nemours, Inc., 4.49%, 11/15/2025 (Callable 10/31/2025) | 27675000 | 27664985 |
|  DXC Technology Co., 1.80%, 09/15/2026 (Callable 08/15/2026) | DXC Technology Co., 1.80%, 09/15/2026 (Callable 08/15/2026) | 60202000 | 58769424 |
|  Element Fleet Management Corp., 6.27%, 06/26/2026 (Callable 05/26/2026) <sup>(a)</sup> | Element Fleet Management Corp., 6.27%, 06/26/2026 (Callable 05/26/2026) <sup>(a)</sup> | 6342000 | 6424062 |
|  EQT Corp., 3.13%, 05/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | EQT Corp., 3.13%, 05/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | 21593000 | 21395146 |
|  Equinix, Inc., 2.90%, 11/18/2026 (Callable 09/18/2026) | Equinix, Inc., 2.90%, 11/18/2026 (Callable 09/18/2026) | 23012000 | 22667907 |
|  Flex Ltd., 3.75%, 02/01/2026 (Callable 01/01/2026) | Flex Ltd., 3.75%, 02/01/2026 (Callable 01/01/2026) | 40680000 | 40526653 |
|  Flowers Foods, Inc., 3.50%, 10/01/2026 (Callable 07/01/2026) | Flowers Foods, Inc., 3.50%, 10/01/2026 (Callable 07/01/2026) | 4925000 | 4881389 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| &nbsp;&nbsp; 4.39%, 01/08/2026 | &nbsp;&nbsp; 4.39%, 01/08/2026 | 20174000 | 20166588 |
| &nbsp;&nbsp; 6.95%, 03/06/2026 (Callable 02/06/2026) | &nbsp;&nbsp; 6.95%, 03/06/2026 (Callable 02/06/2026) | 9125000 | 9197657 |
| &nbsp;&nbsp; 6.95%, 06/10/2026 (Callable 05/10/2026) | &nbsp;&nbsp; 6.95%, 06/10/2026 (Callable 05/10/2026) | 21897000 | 22181651 |
| &nbsp;&nbsp; 4.54%, 08/01/2026 (Callable 06/01/2026) | &nbsp;&nbsp; 4.54%, 08/01/2026 (Callable 06/01/2026) | 14173000 | 14160888 |
| &nbsp;&nbsp; 5.13%, 11/05/2026 | &nbsp;&nbsp; 5.13%, 11/05/2026 | 4500000 | 4514912 |
|  GE HealthCare Technologies, Inc., 5.60%, 11/15/2025 (Callable 10/15/2025) | GE HealthCare Technologies, Inc., 5.60%, 11/15/2025 (Callable 10/15/2025) | 19700000 | 19708806 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 6.05%, 10/10/2025 | &nbsp;&nbsp; 6.05%, 10/10/2025 | 8764000 | 8767214 |
| &nbsp;&nbsp; 1.25%, 01/08/2026 (Callable 12/08/2025) | &nbsp;&nbsp; 1.25%, 01/08/2026 (Callable 12/08/2025) | 5000000 | 4958635 |
| &nbsp;&nbsp; 5.25%, 03/01/2026 (Callable 12/01/2025) | &nbsp;&nbsp; 5.25%, 03/01/2026 (Callable 12/01/2025) | 4250000 | 4256947 |
| &nbsp;&nbsp; 5.40%, 04/06/2026 | &nbsp;&nbsp; 5.40%, 04/06/2026 | 14675000 | 14755836 |
| &nbsp;&nbsp; 1.50%, 06/10/2026 (Callable 05/10/2026) | &nbsp;&nbsp; 1.50%, 06/10/2026 (Callable 05/10/2026) | 26261000 | 25767488 |
| &nbsp;&nbsp; 4.00%, 10/06/2026 (Callable 07/06/2026) | &nbsp;&nbsp; 4.00%, 10/06/2026 (Callable 07/06/2026) | 2277000 | 2271997 |
|  Genpact Luxembourg SARL/Genpact USA, Inc., 1.75%, 04/10/2026 (Callable 03/10/2026) | Genpact Luxembourg SARL/Genpact USA, Inc., 1.75%, 04/10/2026 (Callable 03/10/2026) | 19669000 | 19384721 |
|  Glencore Funding LLC, 1.63%, 04/27/2026 (Callable 03/27/2026) <sup>(a)</sup> | Glencore Funding LLC, 1.63%, 04/27/2026 (Callable 03/27/2026) <sup>(a)</sup> | 43450000 | 42788695 |
| Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. |
| &nbsp;&nbsp; 1.20%, 03/01/2026 (Callable 02/01/2026) | &nbsp;&nbsp; 1.20%, 03/01/2026 (Callable 02/01/2026) | 10385000 | 10247737 |
| &nbsp;&nbsp; 4.80%, 04/01/2026 (Callable 01/01/2026) | &nbsp;&nbsp; 4.80%, 04/01/2026 (Callable 01/01/2026) | 16511000 | 16529285 |
|  Graphic Packaging International LLC, 1.51%, 04/15/2026 (Callable 03/15/2026) <sup>(a)</sup> | Graphic Packaging International LLC, 1.51%, 04/15/2026 (Callable 03/15/2026) <sup>(a)</sup> | 12761000 | 12552988 |
|  Gray Oak Pipeline LLC, 2.60%, 10/15/2025 <sup>(a)</sup> | Gray Oak Pipeline LLC, 2.60%, 10/15/2025 <sup>(a)</sup> | 36502000 | 36466951 |
|  Gulfstream Natural Gas System LLC, 6.19%, 11/01/2025 <sup>(a)</sup> | Gulfstream Natural Gas System LLC, 6.19%, 11/01/2025 <sup>(a)</sup> | 15148000 | 15161981 |
|  GXO Logistics, Inc., 1.65%, 07/15/2026 (Callable 06/15/2026) | GXO Logistics, Inc., 1.65%, 07/15/2026 (Callable 06/15/2026) | 72258000 | 70746917 |
| HCA, Inc. | HCA, Inc. | HCA, Inc. | HCA, Inc. |
| &nbsp;&nbsp; 5.88%, 02/15/2026 (Callable 10/31/2025) | &nbsp;&nbsp; 5.88%, 02/15/2026 (Callable 10/31/2025) | 9475000 | 9487221 |
| &nbsp;&nbsp; 5.25%, 06/15/2026 (Callable 12/15/2025) | &nbsp;&nbsp; 5.25%, 06/15/2026 (Callable 12/15/2025) | 37748000 | 37822788 |
|  Hewlett Packard Enterprise Co., 1.75%, 04/01/2026 (Callable 03/01/2026) | Hewlett Packard Enterprise Co., 1.75%, 04/01/2026 (Callable 03/01/2026) | 20339000 | 20106140 |
|  Hubbell, Inc., 3.35%, 03/01/2026 (Callable 12/01/2025) | Hubbell, Inc., 3.35%, 03/01/2026 (Callable 12/01/2025) | 6627000 | 6597931 |
| Hyundai Capital America | Hyundai Capital America | Hyundai Capital America | Hyundai Capital America |
| &nbsp;&nbsp; 1.80%, 10/15/2025 <sup>(a)</sup> | &nbsp;&nbsp; 1.80%, 10/15/2025 <sup>(a)</sup> | 2000000 | 1997906 |
| &nbsp;&nbsp; 1.30%, 01/08/2026 (Callable 12/08/2025) <sup>(a)</sup> | &nbsp;&nbsp; 1.30%, 01/08/2026 (Callable 12/08/2025) <sup>(a)</sup> | 9874000 | 9793578 |
| &nbsp;&nbsp; 5.50%, 03/30/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.50%, 03/30/2026 <sup>(a)</sup> | 9154000 | 9200378 |
| &nbsp;&nbsp; 1.50%, 06/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.50%, 06/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | 26887000 | 26373090 |
| &nbsp;&nbsp; 5.65%, 06/26/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.65%, 06/26/2026 <sup>(a)</sup> | 4000000 | 4037034 |
| &nbsp;&nbsp; 1.65%, 09/17/2026 (Callable 08/17/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.65%, 09/17/2026 (Callable 08/17/2026) <sup>(a)</sup> | 1148000 | 1120033 |
| &nbsp;&nbsp; 5.95%, 09/21/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.95%, 09/21/2026 <sup>(a)</sup> | 13060000 | 13266583 |
| &nbsp;&nbsp; 2.75%, 09/27/2026 <sup>(a)</sup> | &nbsp;&nbsp; 2.75%, 09/27/2026 <sup>(a)</sup> | 2823000 | 2781716 |
| Illumina, Inc. | Illumina, Inc. | Illumina, Inc. | Illumina, Inc. |
| &nbsp;&nbsp; 5.80%, 12/12/2025 (Callable 11/12/2025) | &nbsp;&nbsp; 5.80%, 12/12/2025 (Callable 11/12/2025) | 17159000 | 17182020 |
| &nbsp;&nbsp; 4.65%, 09/09/2026 | &nbsp;&nbsp; 4.65%, 09/09/2026 | 2833000 | 2845976 |
|  Jabil, Inc., 1.70%, 04/15/2026 (Callable 03/15/2026) | Jabil, Inc., 1.70%, 04/15/2026 (Callable 03/15/2026) | 17507000 | 17272167 |
|  Johnson Controls International PLC, 3.90%, 02/14/2026 (Callable 11/14/2025) | Johnson Controls International PLC, 3.90%, 02/14/2026 (Callable 11/14/2025) | 47593000 | 47491653 |
|  Kyndryl Holdings, Inc., 2.05%, 10/15/2026 (Callable 09/15/2026) | Kyndryl Holdings, Inc., 2.05%, 10/15/2026 (Callable 09/15/2026) | 7430000 | 7256889 |
|  Mattel, Inc., 3.38%, 04/01/2026 (Callable 10/11/2025) <sup>(a)</sup> | Mattel, Inc., 3.38%, 04/01/2026 (Callable 10/11/2025) <sup>(a)</sup> | 22637000 | 22474498 |
|  MPLX LP, 1.75%, 03/01/2026 (Callable 02/01/2026) | MPLX LP, 1.75%, 03/01/2026 (Callable 02/01/2026) | 28013000 | 27719265 |
|  Nissan Motor Acceptance Co. LLC, 2.00%, 03/09/2026 (Callable 02/09/2026) <sup>(a)</sup> | Nissan Motor Acceptance Co. LLC, 2.00%, 03/09/2026 (Callable 02/09/2026) <sup>(a)</sup> | 1410000 | 1387311 |
|  ONEOK, Inc., 4.85%, 07/15/2026 (Callable 04/15/2026) | ONEOK, Inc., 4.85%, 07/15/2026 (Callable 04/15/2026) | 50360000 | 50530196 |
|  Oracle Corp., 2.65%, 07/15/2026 (Callable 04/15/2026) | Oracle Corp., 2.65%, 07/15/2026 (Callable 04/15/2026) | 70213000 | 69389107 |
| Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. |
| &nbsp;&nbsp; 1.20%, 11/15/2025 (Callable 10/31/2025) <sup>(a)</sup> | &nbsp;&nbsp; 1.20%, 11/15/2025 (Callable 10/31/2025) <sup>(a)</sup> | 15479000 | 15414147 |
| &nbsp;&nbsp; 4.45%, 01/29/2026 (Callable 11/29/2025) <sup>(a)</sup> | &nbsp;&nbsp; 4.45%, 01/29/2026 (Callable 11/29/2025) <sup>(a)</sup> | 2491000 | 2490252 |
| &nbsp;&nbsp; 5.75%, 05/24/2026 (Callable 04/24/2026) <sup>(a)</sup> | &nbsp;&nbsp; 5.75%, 05/24/2026 (Callable 04/24/2026) <sup>(a)</sup> | 8115000 | 8179316 |
| &nbsp;&nbsp; 1.70%, 06/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.70%, 06/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | 8433000 | 8276863 |
|  Plains All American Pipeline LP / PAA Finance Corp., 4.50%, 12/15/2026 (Callable 09/15/2026) | Plains All American Pipeline LP / PAA Finance Corp., 4.50%, 12/15/2026 (Callable 09/15/2026) | 3070000 | 3075295 |
|  PRA Health Sciences, Inc., 2.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | PRA Health Sciences, Inc., 2.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | 24520000 | 24181713 |
|  Regal Rexnord Corp., 6.05%, 02/15/2026 | Regal Rexnord Corp., 6.05%, 02/15/2026 | 67561000 | 67888034 |
|  Renesas Electronics Corp., 2.17%, 11/25/2026 (Callable 10/25/2026) <sup>(a)</sup> | Renesas Electronics Corp., 2.17%, 11/25/2026 (Callable 10/25/2026) <sup>(a)</sup> | 5347000 | 5210620 |
|  Rogers Communications, Inc., 3.63%, 12/15/2025 (Callable 10/31/2025) | Rogers Communications, Inc., 3.63%, 12/15/2025 (Callable 10/31/2025) | 33061000 | 32998500 |
|  Rolls-Royce PLC, 3.63%, 10/14/2025 <sup>(a)</sup> | Rolls-Royce PLC, 3.63%, 10/14/2025 <sup>(a)</sup> | 22420000 | 22410215 |
| Royal Caribbean Cruises Ltd. | Royal Caribbean Cruises Ltd. | Royal Caribbean Cruises Ltd. | Royal Caribbean Cruises Ltd. |
| &nbsp;&nbsp; 4.25%, 07/01/2026 (Callable 01/01/2026) <sup>(a)</sup> | &nbsp;&nbsp; 4.25%, 07/01/2026 (Callable 01/01/2026) <sup>(a)</sup> | 31306000 | 31281606 |
| &nbsp;&nbsp; 5.50%, 08/31/2026 (Callable 02/28/2026) <sup>(a)</sup> | &nbsp;&nbsp; 5.50%, 08/31/2026 (Callable 02/28/2026) <sup>(a)</sup> | 34641000 | 34785558 |
|  Silgan Holdings, Inc., 1.40%, 04/01/2026 (Callable 03/01/2026) <sup>(a)</sup> | Silgan Holdings, Inc., 1.40%, 04/01/2026 (Callable 03/01/2026) <sup>(a)</sup> | 21516000 | 21177849 |
| SK Hynix, Inc. | SK Hynix, Inc. | SK Hynix, Inc. | SK Hynix, Inc. |
| &nbsp;&nbsp; 6.25%, 01/17/2026 <sup>(a)</sup> | &nbsp;&nbsp; 6.25%, 01/17/2026 <sup>(a)</sup> | 15888000 | 15951187 |
| &nbsp;&nbsp; 1.50%, 01/19/2026 <sup>(a)</sup> | &nbsp;&nbsp; 1.50%, 01/19/2026 <sup>(a)</sup> | 12316000 | 12209331 |
|  Smurfit Kappa Treasury Funding DAC, 7.50%, 11/20/2025 | Smurfit Kappa Treasury Funding DAC, 7.50%, 11/20/2025 | 45244000 | 45355324 |
|  Sonoco Products Co., 4.45%, 09/01/2026 | Sonoco Products Co., 4.45%, 09/01/2026 | 32268000 | 32312397 |
|  Sprint LLC, 7.63%, 03/01/2026 (Callable 11/01/2025) | Sprint LLC, 7.63%, 03/01/2026 (Callable 11/01/2025) | 5110000 | 5121419 |
|  TD SYNNEX Corp., 1.75%, 08/09/2026 (Callable 07/09/2026) | TD SYNNEX Corp., 1.75%, 08/09/2026 (Callable 07/09/2026) | 72427000 | 70810603 |
|  TransCanada PipeLines Ltd., 4.88%, 01/15/2026 (Callable 10/31/2025) | TransCanada PipeLines Ltd., 4.88%, 01/15/2026 (Callable 10/31/2025) | 7570000 | 7571174 |
|  Transcontinental Gas Pipe Line Co. LLC, 7.85%, 02/01/2026 (Callable 11/01/2025) | Transcontinental Gas Pipe Line Co. LLC, 7.85%, 02/01/2026 (Callable 11/01/2025) | 46892000 | 46988864 |
|  Triton Container International Ltd., 2.05%, 04/15/2026 (Callable 03/15/2026) <sup>(a)</sup> | Triton Container International Ltd., 2.05%, 04/15/2026 (Callable 03/15/2026) <sup>(a)</sup> | 42140000 | 41609794 |
|  Universal Health Services, Inc., 1.65%, 09/01/2026 (Callable 08/01/2026) | Universal Health Services, Inc., 1.65%, 09/01/2026 (Callable 08/01/2026) | 37554000 | 36665905 |
|  Utah Acquisition Sub, Inc., 3.95%, 06/15/2026 (Callable 03/15/2026) | Utah Acquisition Sub, Inc., 3.95%, 06/15/2026 (Callable 03/15/2026) | 68752000 | 68441463 |
| VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. |
| &nbsp;&nbsp; 4.50%, 09/01/2026 (Callable 06/01/2026) <sup>(a)</sup> | &nbsp;&nbsp; 4.50%, 09/01/2026 (Callable 06/01/2026) <sup>(a)</sup> | 10263000 | 10262641 |
| &nbsp;&nbsp; 4.25%, 12/01/2026 (Callable 10/11/2025) <sup>(a)</sup> | &nbsp;&nbsp; 4.25%, 12/01/2026 (Callable 10/11/2025) <sup>(a)</sup> | 44852000 | 44680591 |
|  VMware LLC, 1.40%, 08/15/2026 (Callable 07/15/2026) | VMware LLC, 1.40%, 08/15/2026 (Callable 07/15/2026) | 22311000 | 21815046 |
| Volkswagen Group of America Finance LLC | Volkswagen Group of America Finance LLC | Volkswagen Group of America Finance LLC | Volkswagen Group of America Finance LLC |
| &nbsp;&nbsp; 5.40%, 03/20/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.40%, 03/20/2026 <sup>(a)</sup> | 1223000 | 1229365 |
| &nbsp;&nbsp; 4.90%, 08/14/2026 <sup>(a)</sup> | &nbsp;&nbsp; 4.90%, 08/14/2026 <sup>(a)</sup> | 2655000 | 2667355 |
| &nbsp;&nbsp; 5.70%, 09/12/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.70%, 09/12/2026 <sup>(a)</sup> | 38187000 | 38682578 |
| &nbsp;&nbsp; 3.20%, 09/26/2026 <sup>(a)</sup> | &nbsp;&nbsp; 3.20%, 09/26/2026 <sup>(a)</sup> | 21516000 | 21295402 |
| &nbsp;&nbsp; 6.00%, 11/16/2026 <sup>(a)</sup> | &nbsp;&nbsp; 6.00%, 11/16/2026 <sup>(a)</sup> | 6525000 | 6639685 |
|  Vontier Corp., 1.80%, 04/01/2026 (Callable 03/01/2026) | Vontier Corp., 1.80%, 04/01/2026 (Callable 03/01/2026) | 68581000 | 67633639 |
|  Weir Group PLC, 2.20%, 05/13/2026 (Callable 04/13/2026) <sup>(a)</sup> | Weir Group PLC, 2.20%, 05/13/2026 (Callable 04/13/2026) <sup>(a)</sup> | 34024000 | 33481330 |
|  Western Midstream Operating LP, 4.65%, 07/01/2026 (Callable 04/01/2026) | Western Midstream Operating LP, 4.65%, 07/01/2026 (Callable 04/01/2026) | 33994000 | 34023836 |
|  Westinghouse Air Brake Technologies Corp., 3.45%, 11/15/2026 (Callable 08/15/2026) | Westinghouse Air Brake Technologies Corp., 3.45%, 11/15/2026 (Callable 08/15/2026) | 19000000 | 18835050 |
|  Williams Cos., Inc., 5.40%, 03/02/2026 | Williams Cos., Inc., 5.40%, 03/02/2026 | 4583000 | 4603637 |
|  Woodside Finance Ltd., 3.70%, 09/15/2026 (Callable 06/15/2026) <sup>(a)</sup> | Woodside Finance Ltd., 3.70%, 09/15/2026 (Callable 06/15/2026) <sup>(a)</sup> | 18788000 | 18675762 |
|  |  |  | 2650836100 |
| **Utilities - 2.2%** | **Utilities - 2.2%** | **Utilities - 2.2%** | **Utilities - 2.2%** |
|  Algonquin Power & Utilities Corp., 5.37%, 06/15/2026 <sup>(c)</sup> | Algonquin Power & Utilities Corp., 5.37%, 06/15/2026 <sup>(c)</sup> | 62787000 | 63238572 |
|  Alliant Energy Finance LLC, 1.40%, 03/15/2026 (Callable 02/15/2026) <sup>(a)</sup> | Alliant Energy Finance LLC, 1.40%, 03/15/2026 (Callable 02/15/2026) <sup>(a)</sup> | 6868000 | 6768070 |
|  Ameren Corp., 3.65%, 02/15/2026 (Callable 11/15/2025) | Ameren Corp., 3.65%, 02/15/2026 (Callable 11/15/2025) | 3095000 | 3085066 |
|  Brooklyn Union Gas Co., 3.41%, 03/10/2026 (Callable 12/10/2025) <sup>(a)</sup> | Brooklyn Union Gas Co., 3.41%, 03/10/2026 (Callable 12/10/2025) <sup>(a)</sup> | 1229000 | 1224340 |
|  CMS Energy Corp., 3.00%, 05/15/2026 (Callable 02/15/2026) | CMS Energy Corp., 3.00%, 05/15/2026 (Callable 02/15/2026) | 10092000 | 10011726 |
|  Duke Energy Corp., 2.65%, 09/01/2026 (Callable 06/01/2026) | Duke Energy Corp., 2.65%, 09/01/2026 (Callable 06/01/2026) | 10897000 | 10764774 |
|  Emera US Finance LP, 3.55%, 06/15/2026 (Callable 03/15/2026) | Emera US Finance LP, 3.55%, 06/15/2026 (Callable 03/15/2026) | 8445000 | 8394991 |
|  Enel Finance International NV, 7.05%, 10/14/2025 <sup>(a)(c)</sup> | Enel Finance International NV, 7.05%, 10/14/2025 <sup>(a)(c)</sup> | 2361000 | 2363057 |
|  Eversource Energy, 4.75%, 05/15/2026 | Eversource Energy, 4.75%, 05/15/2026 | 14239000 | 14280906 |
|  FirstEnergy Corp., 1.60%, 01/15/2026 (Callable 12/15/2025) | FirstEnergy Corp., 1.60%, 01/15/2026 (Callable 12/15/2025) | 11612000 | 11510475 |
|  FirstEnergy Pennsylvania Electric Co., 5.15%, 03/30/2026 <sup>(a)</sup> | FirstEnergy Pennsylvania Electric Co., 5.15%, 03/30/2026 <sup>(a)</sup> | 9720000 | 9747069 |
|  Fortis, Inc./Canada, 3.06%, 10/04/2026 (Callable 07/04/2026) | Fortis, Inc./Canada, 3.06%, 10/04/2026 (Callable 07/04/2026) | 5186000 | 5126322 |
|  ITC Holdings Corp., 3.25%, 06/30/2026 (Callable 03/30/2026) | ITC Holdings Corp., 3.25%, 06/30/2026 (Callable 03/30/2026) | 31904000 | 31662070 |
|  Jersey Central Power & Light Co., 4.30%, 01/15/2026 (Callable 10/16/2025) <sup>(a)</sup> | Jersey Central Power & Light Co., 4.30%, 01/15/2026 (Callable 10/16/2025) <sup>(a)</sup> | 810000 | 809920 |
|  KeySpan Gas East Corp., 2.74%, 08/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | KeySpan Gas East Corp., 2.74%, 08/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | 9777000 | 9650055 |
|  Spire, Inc., 5.30%, 03/01/2026 | Spire, Inc., 5.30%, 03/01/2026 | 15173000 | 15236956 |
|  |  |  | 203874369 |
| **TOTAL CORPORATE BONDS** (Cost $4,589,589,205) | **TOTAL CORPORATE BONDS** (Cost $4,589,589,205) | **TOTAL CORPORATE BONDS** (Cost $4,589,589,205) | 4601345128 |
| **U.S. TREASURY SECURITIES - 20.2%** | **U.S. TREASURY SECURITIES - 20.2%** | **Par** | **Value**  |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 0.38%, 01/31/2026 | &nbsp;&nbsp; 0.38%, 01/31/2026 | 171500000 | 169458749 |
| &nbsp;&nbsp; 4.63%, 02/28/2026 | &nbsp;&nbsp; 4.63%, 02/28/2026 | 323675000 | 324570162 |
| &nbsp;&nbsp; 4.50%, 03/31/2026 | &nbsp;&nbsp; 4.50%, 03/31/2026 | 325000000 | 326041014 |
| &nbsp;&nbsp; 4.88%, 04/30/2026 | &nbsp;&nbsp; 4.88%, 04/30/2026 | 330000000 | 331933595 |
| &nbsp;&nbsp; 4.88%, 05/31/2026 | &nbsp;&nbsp; 4.88%, 05/31/2026 | 365000000 | 367429531 |
| &nbsp;&nbsp; 4.63%, 06/30/2026 | &nbsp;&nbsp; 4.63%, 06/30/2026 | 150000000 | 150897655 |
| &nbsp;&nbsp; 3.75%, 08/31/2026 | &nbsp;&nbsp; 3.75%, 08/31/2026 | 250000000 | 250007813 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $1,918,153,605) | **TOTAL U.S. TREASURY SECURITIES** (Cost $1,918,153,605) | **TOTAL U.S. TREASURY SECURITIES** (Cost $1,918,153,605) | 1920338519 |
| **ASSET-BACKED SECURITIES - 10.5%** | **ASSET-BACKED SECURITIES - 10.5%** | **Par** | **Value**  |
|  Ally Auto Receivables Trust, Series 2024-2, Class A2, 4.46%, 07/15/2027 (Callable 07/15/2027) | Ally Auto Receivables Trust, Series 2024-2, Class A2, 4.46%, 07/15/2027 (Callable 07/15/2027) | 3779118 | 3779618 |
| Ally Bank Auto Credit-Linked Notes | Ally Bank Auto Credit-Linked Notes | Ally Bank Auto Credit-Linked Notes | Ally Bank Auto Credit-Linked Notes |
| &nbsp;&nbsp; Series 2024-A, Class A2, 5.68%, 05/17/2032 (Callable 11/15/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-A, Class A2, 5.68%, 05/17/2032 (Callable 11/15/2027) <sup>(a)</sup> | 4784493 | 4865563 |
| &nbsp;&nbsp; Series 2024-B, Class A2, 4.97%, 09/15/2032 (Callable 01/15/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-B, Class A2, 4.97%, 09/15/2032 (Callable 01/15/2028) <sup>(a)</sup> | 19248937 | 19424786 |
| &nbsp;&nbsp; Series 2025-A, Class A2, 4.45%, 06/15/2033 (Callable 01/15/2029) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-A, Class A2, 4.45%, 06/15/2033 (Callable 01/15/2029) <sup>(a)</sup> | 18587313 | 18627274 |
|  ARI Fleet Lease Trust, Series 2023-A, Class A2, 5.41%, 02/17/2032 (Callable 09/15/2026) <sup>(a)</sup> | ARI Fleet Lease Trust, Series 2023-A, Class A2, 5.41%, 02/17/2032 (Callable 09/15/2026) <sup>(a)</sup> | 3621321 | 3626734 |
| BA Credit Card Trust | BA Credit Card Trust | BA Credit Card Trust | BA Credit Card Trust |
| &nbsp;&nbsp; Series 2022-A2, Class A2, 5.00%, 04/15/2028 | &nbsp;&nbsp; Series 2022-A2, Class A2, 5.00%, 04/15/2028 | 29746000 | 29773598 |
| &nbsp;&nbsp; Series 2023-A1, Class A1, 4.79%, 05/15/2028 | &nbsp;&nbsp; Series 2023-A1, Class A1, 4.79%, 05/15/2028 | 26593000 | 26725545 |
|  Bank of America Auto Trust, Series 2024-1A, Class A2, 5.57%, 12/15/2026 (Callable 12/15/2026) <sup>(a)</sup> | Bank of America Auto Trust, Series 2024-1A, Class A2, 5.57%, 12/15/2026 (Callable 12/15/2026) <sup>(a)</sup> | 470549 | 470820 |
|  Barclays Dryrock Funding LLC, Series 2023-1, Class A, 4.72%, 02/15/2029 | Barclays Dryrock Funding LLC, Series 2023-1, Class A, 4.72%, 02/15/2029 | 36805000 | 36928455 |
|  Capital One Financial Corp., Series 2023-A1, Class A, 4.42%, 05/15/2028 | Capital One Financial Corp., Series 2023-A1, Class A, 4.42%, 05/15/2028 | 26466000 | 26531149 |
|  Capital One Prime Auto Receivables Trust, Series 2022-1, Class A3, 3.17%, 04/15/2027 (Callable 04/15/2026) | Capital One Prime Auto Receivables Trust, Series 2022-1, Class A3, 3.17%, 04/15/2027 (Callable 04/15/2026) | 2887073 | 2880984 |
| CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust | CarMax Auto Owner Trust |
| &nbsp;&nbsp; Series 2022-1, Class A3, 1.47%, 12/15/2026 (Callable 04/15/2026) | &nbsp;&nbsp; Series 2022-1, Class A3, 1.47%, 12/15/2026 (Callable 04/15/2026) | 1244784 | 1243205 |
| &nbsp;&nbsp; Series 2023-1, Class A3, 4.75%, 10/15/2027 (Callable 02/15/2027) | &nbsp;&nbsp; Series 2023-1, Class A3, 4.75%, 10/15/2027 (Callable 02/15/2027) | 18090243 | 18128798 |
| &nbsp;&nbsp; Series 2024-3, Class A2A, 5.21%, 09/15/2027 (Callable 09/15/2027) | &nbsp;&nbsp; Series 2024-3, Class A2A, 5.21%, 09/15/2027 (Callable 09/15/2027) | 8946501 | 8969843 |
| Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust | Chase Auto Owner Trust |
| &nbsp;&nbsp; Series 2023-AA, Class A3, 5.68%, 01/25/2029 (Callable 01/25/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-AA, Class A3, 5.68%, 01/25/2029 (Callable 01/25/2028) <sup>(a)</sup> | 11591298 | 11726408 |
| &nbsp;&nbsp; Series 2024-3A, Class A2, 5.53%, 09/27/2027 (Callable 09/27/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-3A, Class A2, 5.53%, 09/27/2027 (Callable 09/27/2027) <sup>(a)</sup> | 4934885 | 4945816 |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 4.40%, 07/25/2028 (Callable 07/25/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-1A, Class A2, 4.40%, 07/25/2028 (Callable 07/25/2028) <sup>(a)</sup> | 15825000 | 15882220 |
|  Citizens Auto Receivables Trust, Series 2024-2, Class A2A, 5.54%, 11/16/2026 (Callable 11/16/2026) <sup>(a)</sup> | Citizens Auto Receivables Trust, Series 2024-2, Class A2A, 5.54%, 11/16/2026 (Callable 11/16/2026) <sup>(a)</sup> | 716083 | 716480 |
| Dell Equipment Finance Trust | Dell Equipment Finance Trust | Dell Equipment Finance Trust | Dell Equipment Finance Trust |
| &nbsp;&nbsp; Series 2023-1, Class A3, 5.65%, 09/22/2028 (Callable 11/22/2025) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-1, Class A3, 5.65%, 09/22/2028 (Callable 11/22/2025) <sup>(a)</sup> | 8386493 | 8398978 |
| &nbsp;&nbsp; Series 2024-2, Class A2, 4.69%, 08/22/2030 (Callable 06/22/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-2, Class A2, 4.69%, 08/22/2030 (Callable 06/22/2027) <sup>(a)</sup> | 6169952 | 6182413 |
|  Discover Card Execution Note Trust, Series 2023-A1, Class A, 4.31%, 03/15/2028 | Discover Card Execution Note Trust, Series 2023-A1, Class A, 4.31%, 03/15/2028 | 25004000 | 25031297 |
| DLLAD LLC | DLLAD LLC | DLLAD LLC | DLLAD LLC |
| &nbsp;&nbsp; Series 2024-1A, Class A2, 5.50%, 08/20/2027 (Callable 08/20/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-1A, Class A2, 5.50%, 08/20/2027 (Callable 08/20/2027) <sup>(a)</sup> | 4077362 | 4098628 |
| &nbsp;&nbsp; Series 2025-1A, Class A2, 4.46%, 11/20/2028 (Callable 11/20/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-1A, Class A2, 4.46%, 11/20/2028 (Callable 11/20/2028) <sup>(a)</sup> | 9575000 | 9625054 |
| Financial Holding Corp. | Financial Holding Corp. | Financial Holding Corp. | Financial Holding Corp. |
| &nbsp;&nbsp; Series 2023-A, Class A, 5.80%, 03/15/2028 <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-A, Class A, 5.80%, 03/15/2028 <sup>(a)</sup> | 25306000 | 25479791 |
| &nbsp;&nbsp; Series 2023-B, Class A, 5.27%, 05/15/2028 <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-B, Class A, 5.27%, 05/15/2028 <sup>(a)</sup> | 5637000 | 5672703 |
| &nbsp;&nbsp; Series 2023-C, Class A, 5.52%, 10/15/2028 <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-C, Class A, 5.52%, 10/15/2028 <sup>(a)</sup> | 3750000 | 3804480 |
| &nbsp;&nbsp; Series 2024-B, Class A, 4.95%, 02/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-B, Class A, 4.95%, 02/15/2029 <sup>(a)</sup> | 9765000 | 9880004 |
| First National Master Note Trust | First National Master Note Trust | First National Master Note Trust | First National Master Note Trust |
| &nbsp;&nbsp; Series 2023-1, Class A, 5.13%, 04/15/2029 | &nbsp;&nbsp; Series 2023-1, Class A, 5.13%, 04/15/2029 | 14009000 | 14083063 |
| &nbsp;&nbsp; Series 2023-2, Class A, 5.77%, 09/15/2029 | &nbsp;&nbsp; Series 2023-2, Class A, 5.77%, 09/15/2029 | 28377000 | 28847862 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp; Series 2021-1, Class A, 1.37%, 10/17/2033 (Callable 04/15/2026) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-1, Class A, 1.37%, 10/17/2033 (Callable 04/15/2026) <sup>(a)</sup> | 64783000 | 63813594 |
| &nbsp;&nbsp; Series 2021-2, Class A, 1.53%, 05/15/2034 (Callable 11/15/2026) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-2, Class A, 1.53%, 05/15/2034 (Callable 11/15/2026) <sup>(a)</sup> | 13738000 | 13367066 |
|  Ford Credit Floorplan LLC, Series 2023-1, Class A1, 4.92%, 05/15/2028 <sup>(a)</sup> | Ford Credit Floorplan LLC, Series 2023-1, Class A1, 4.92%, 05/15/2028 <sup>(a)</sup> | 71656000 | 71991579 |
|  General Motors Co., Series 2023-1, Class A1, 5.34%, 06/15/2028 <sup>(a)</sup> | General Motors Co., Series 2023-1, Class A1, 5.34%, 06/15/2028 <sup>(a)</sup> | 56374000 | 56857277 |
|  GM Financial Revolving Receivables Trust, Series 2021-1, Class A, 1.17%, 06/12/2034 (Callable 09/11/2026) <sup>(a)</sup> | GM Financial Revolving Receivables Trust, Series 2021-1, Class A, 1.17%, 06/12/2034 (Callable 09/11/2026) <sup>(a)</sup> | 8850000 | 8618218 |
|  GreatAmerica Leasing Receivables, Series 2024-2, Class A2, 5.28%, 03/15/2027 (Callable 03/15/2027) <sup>(a)</sup> | GreatAmerica Leasing Receivables, Series 2024-2, Class A2, 5.28%, 03/15/2027 (Callable 03/15/2027) <sup>(a)</sup> | 8517385 | 8563179 |
| Harley-Davidson Customer Funding Corp. | Harley-Davidson Customer Funding Corp. | Harley-Davidson Customer Funding Corp. | Harley-Davidson Customer Funding Corp. |
| &nbsp;&nbsp; Series 2024-A, Class A2, 5.65%, 02/16/2027 (Callable 02/16/2027) | &nbsp;&nbsp; Series 2024-A, Class A2, 5.65%, 02/16/2027 (Callable 02/16/2027) | 63496 | 63532 |
| &nbsp;&nbsp; Series 2024-B, Class A2, 4.62%, 08/16/2027 (Callable 08/16/2027) | &nbsp;&nbsp; Series 2024-B, Class A2, 4.62%, 08/16/2027 (Callable 08/16/2027) | 7775202 | 7781252 |
|  Honda Auto Receivables Owner Trust, Series 2023-4, Class A3, 5.67%, 06/21/2028 (Callable 02/21/2027) | Honda Auto Receivables Owner Trust, Series 2023-4, Class A3, 5.67%, 06/21/2028 (Callable 02/21/2027) | 4026286 | 4073923 |
|  Huntington Bank Auto Credit-Linked Notes Series 2024-1, Series 2024-1, Class B1, 6.15%, 05/20/2032 (Callable 10/20/2027) <sup>(a)</sup> | Huntington Bank Auto Credit-Linked Notes Series 2024-1, Series 2024-1, Class B1, 6.15%, 05/20/2032 (Callable 10/20/2027) <sup>(a)</sup> | 3559100 | 3617425 |
|  Huntington Funding LLC, Series 2024-1A, Class A2, 5.50%, 03/15/2027 (Callable 03/15/2027) <sup>(a)</sup> | Huntington Funding LLC, Series 2024-1A, Class A2, 5.50%, 03/15/2027 (Callable 03/15/2027) <sup>(a)</sup> | 690471 | 690736 |
|  Hyundai Auto Lease Securitization Trust, Series 2023-C, Class A3, 5.80%, 12/15/2026 (Callable 04/15/2026) <sup>(a)</sup> | Hyundai Auto Lease Securitization Trust, Series 2023-C, Class A3, 5.80%, 12/15/2026 (Callable 04/15/2026) <sup>(a)</sup> | 30398825 | 30478513 |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust |
| &nbsp;&nbsp; Series 2023-C, Class A3, 5.54%, 10/16/2028 (Callable 11/15/2027) | &nbsp;&nbsp; Series 2023-C, Class A3, 5.54%, 10/16/2028 (Callable 11/15/2027) | 23749468 | 24001236 |
| &nbsp;&nbsp; Series 2024-B, Class A2A, 5.15%, 06/15/2027 (Callable 06/15/2027) | &nbsp;&nbsp; Series 2024-B, Class A2A, 5.15%, 06/15/2027 (Callable 06/15/2027) | 13046447 | 13075988 |
|  Kubota Credit Owner Trust, Series 2024-1A, Class A2, 5.39%, 01/15/2027 (Callable 01/15/2027) <sup>(a)</sup> | Kubota Credit Owner Trust, Series 2024-1A, Class A2, 5.39%, 01/15/2027 (Callable 01/15/2027) <sup>(a)</sup> | 9165054 | 9185986 |
|  M&T Equipment Notes, Series 2024-1A, Class A2, 4.99%, 08/18/2031 (Callable 07/16/2028) <sup>(a)</sup> | M&T Equipment Notes, Series 2024-1A, Class A2, 4.99%, 08/18/2031 (Callable 07/16/2028) <sup>(a)</sup> | 12817680 | 12861168 |
|  Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A3, 4.80%, 04/16/2029 (Callable 01/15/2028) | Mercedes-Benz Auto Receivables Trust, Series 2024-1, Class A3, 4.80%, 04/16/2029 (Callable 01/15/2028) | 42525000 | 42813791 |
|  Nissan Auto Receivables 2025-A Owner Trust, Series 2025-A, Class A2A, 4.50%, 02/15/2028 (Callable 02/15/2028) | Nissan Auto Receivables 2025-A Owner Trust, Series 2025-A, Class A2A, 4.50%, 02/15/2028 (Callable 02/15/2028) | 22275000 | 22370052 |
|  Nissan Master Owner Trust Receivables, Series 2024-B, Class A, 5.05%, 02/15/2029 <sup>(a)</sup> | Nissan Master Owner Trust Receivables, Series 2024-B, Class A, 5.05%, 02/15/2029 <sup>(a)</sup> | 40775000 | 41295872 |
|  PHH Arval, Series 2023-2A, Class A1, 6.16%, 10/15/2035 (Callable 10/15/2026) <sup>(a)</sup> | PHH Arval, Series 2023-2A, Class A1, 6.16%, 10/15/2035 (Callable 10/15/2026) <sup>(a)</sup> | 7321043 | 7425076 |
|  SBNA Auto Lease Trust, Series 2024-B, Class A2, 5.67%, 11/20/2026 (Callable 11/20/2026) <sup>(a)</sup> | SBNA Auto Lease Trust, Series 2024-B, Class A2, 5.67%, 11/20/2026 (Callable 11/20/2026) <sup>(a)</sup> | 244510 | 244719 |
|  SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71%, 05/22/2028 (Callable 05/22/2028) <sup>(a)</sup> | SFS Auto Receivables Securitization Trust, Series 2024-3A, Class A2, 4.71%, 05/22/2028 (Callable 05/22/2028) <sup>(a)</sup> | 2203850 | 2206924 |
| SoFi Consumer Loan Program Trust | SoFi Consumer Loan Program Trust | SoFi Consumer Loan Program Trust | SoFi Consumer Loan Program Trust |
| &nbsp;&nbsp; Series 2025-1, Class A, 4.80%, 02/27/2034 (Callable 03/25/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-1, Class A, 4.80%, 02/27/2034 (Callable 03/25/2028) <sup>(a)</sup> | 8407166 | 8449173 |
| &nbsp;&nbsp; Series 2025-2, Class A, 4.82%, 06/25/2034 (Callable 10/25/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-2, Class A, 4.82%, 06/25/2034 (Callable 10/25/2028) <sup>(a)</sup> | 9968357 | 10020405 |
| Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust | Stellantis Financial Underwritten Enhanced Lease Trust |
| &nbsp;&nbsp; Series 2025-AA, Class A2, 4.63%, 07/20/2027 (Callable 07/20/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-AA, Class A2, 4.63%, 07/20/2027 (Callable 07/20/2027) <sup>(a)</sup> | 43359894 | 43549091 |
| &nbsp;&nbsp; Series 2025-BA, Class A2, 4.31%, 05/22/2028 (Callable 01/20/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-BA, Class A2, 4.31%, 05/22/2028 (Callable 01/20/2028) <sup>(a)</sup> | 25025000 | 25125400 |
|  Synchrony Bank, Series 2023-A1, Class A, 5.54%, 07/15/2029 | Synchrony Bank, Series 2023-A1, Class A, 5.54%, 07/15/2029 | 72424000 | 73257970 |
|  Towd Point Mortgage Trust, Series 2020-MH1, Class A1, 2.25%, 02/25/2060 (Callable 10/25/2025) <sup>(a)(d)</sup> | Towd Point Mortgage Trust, Series 2020-MH1, Class A1, 2.25%, 02/25/2060 (Callable 10/25/2025) <sup>(a)(d)</sup> | 5082280 | 4981872 |
|  Toyota Auto Loan Extended Note Trust, Series 2021-1A, Class A, 1.07%, 02/27/2034 (Callable 02/25/2026) <sup>(a)</sup> | Toyota Auto Loan Extended Note Trust, Series 2021-1A, Class A, 1.07%, 02/27/2034 (Callable 02/25/2026) <sup>(a)</sup> | 14758000 | 14572144 |
|  US Bancorp, Series 2023-1, Class B, 6.79%, 08/25/2032 (Callable 10/25/2026) <sup>(a)</sup> | US Bancorp, Series 2023-1, Class B, 6.79%, 08/25/2032 (Callable 10/25/2026) <sup>(a)</sup> | 2168978 | 2194214 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $1,000,248,272) | **TOTAL ASSET-BACKED SECURITIES** (Cost $1,000,248,272) | **TOTAL ASSET-BACKED SECURITIES** (Cost $1,000,248,272) | 1003898944 |
| **NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.8%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES - 6.8%** | **Par** | **Value**  |
| Banc of America Merrill Lynch Commercial Mortgage, Inc. | Banc of America Merrill Lynch Commercial Mortgage, Inc. | Banc of America Merrill Lynch Commercial Mortgage, Inc. | Banc of America Merrill Lynch Commercial Mortgage, Inc. |
| &nbsp;&nbsp; Series 2015-UBS7, Class A4, 3.71%, 09/15/2048 (Callable 07/15/2027) | &nbsp;&nbsp; Series 2015-UBS7, Class A4, 3.71%, 09/15/2048 (Callable 07/15/2027) | 462591 | 461664 |
| &nbsp;&nbsp; Series 2016-UB10, Class A4, 3.17%, 07/15/2049 (Callable 02/15/2031) | &nbsp;&nbsp; Series 2016-UB10, Class A4, 3.17%, 07/15/2049 (Callable 02/15/2031) | 15450000 | 15329176 |
|  BBCMS Trust, Series 2022-C14, Class A1, 1.73%, 02/15/2055 (Callable 02/15/2032) | BBCMS Trust, Series 2022-C14, Class A1, 1.73%, 02/15/2055 (Callable 02/15/2032) | 3994196 | 3925243 |
| CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-C4, Class A4, 3.28%, 05/10/2058 (Callable 11/10/2026) | &nbsp;&nbsp; Series 2016-C4, Class A4, 3.28%, 05/10/2058 (Callable 11/10/2026) | 5900000 | 5873292 |
| &nbsp;&nbsp; Series 2016-C6, Class A3, 3.22%, 11/10/2049 (Callable 11/10/2026) <sup>(d)</sup> | &nbsp;&nbsp; Series 2016-C6, Class A3, 3.22%, 11/10/2049 (Callable 11/10/2026) <sup>(d)</sup> | 15190000 | 14986641 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2015-GC31, Class A4, 3.76%, 06/10/2048 (Callable 10/10/2025) | &nbsp;&nbsp; Series 2015-GC31, Class A4, 3.76%, 06/10/2048 (Callable 10/10/2025) | 4896264 | 4807927 |
| &nbsp;&nbsp; Series 2015-GC35, Class A4, 3.82%, 11/10/2048 (Callable 10/10/2027) | &nbsp;&nbsp; Series 2015-GC35, Class A4, 3.82%, 11/10/2048 (Callable 10/10/2027) | 24082339 | 23922586 |
| &nbsp;&nbsp; Series 2016-C2, Class A4, 2.83%, 08/10/2049 (Callable 08/10/2026) | &nbsp;&nbsp; Series 2016-C2, Class A4, 2.83%, 08/10/2049 (Callable 08/10/2026) | 5714752 | 5633670 |
| &nbsp;&nbsp; Series 2016-GC36, Class A5, 3.62%, 02/10/2049 (Callable 11/10/2030) | &nbsp;&nbsp; Series 2016-GC36, Class A5, 3.62%, 02/10/2049 (Callable 11/10/2030) | 3250000 | 3229280 |
| &nbsp;&nbsp; Series 2016-GC37, Class A4, 3.31%, 04/10/2049 (Callable 03/10/2026) | &nbsp;&nbsp; Series 2016-GC37, Class A4, 3.31%, 04/10/2049 (Callable 03/10/2026) | 1000000 | 995512 |
| &nbsp;&nbsp; Series 2016-P3, Class A4, 3.33%, 04/15/2049 (Callable 04/15/2026) | &nbsp;&nbsp; Series 2016-P3, Class A4, 3.33%, 04/15/2049 (Callable 04/15/2026) | 28550478 | 28317078 |
| &nbsp;&nbsp; Series 2016-P5, Class A4, 2.94%, 10/10/2049 (Callable 10/10/2026) | &nbsp;&nbsp; Series 2016-P5, Class A4, 2.94%, 10/10/2049 (Callable 10/10/2026) | 16865000 | 16533190 |
| &nbsp;&nbsp; Series 2016-P6, Class A5, 3.72%, 12/10/2049 (Callable 01/10/2027) <sup>(d)</sup> | &nbsp;&nbsp; Series 2016-P6, Class A5, 3.72%, 12/10/2049 (Callable 01/10/2027) <sup>(d)</sup> | 736000 | 719331 |
| Citigroup/Deutsche Bank Commercial Mortgage Trust | Citigroup/Deutsche Bank Commercial Mortgage Trust | Citigroup/Deutsche Bank Commercial Mortgage Trust | Citigroup/Deutsche Bank Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-C1, Class A4, 3.28%, 05/10/2049 (Callable 04/10/2026) | &nbsp;&nbsp; Series 2016-C1, Class A4, 3.28%, 05/10/2049 (Callable 04/10/2026) | 34592241 | 34282277 |
| &nbsp;&nbsp; Series 2016-CD1, Class A4, 2.72%, 08/10/2049 (Callable 08/10/2027) | &nbsp;&nbsp; Series 2016-CD1, Class A4, 2.72%, 08/10/2049 (Callable 08/10/2027) | 2700000 | 2632376 |
| Commercial Mortgage Pass Through Certificates | Commercial Mortgage Pass Through Certificates | Commercial Mortgage Pass Through Certificates | Commercial Mortgage Pass Through Certificates |
| &nbsp;&nbsp; Series 2014-UBS5, Class AM, 4.19%, 09/10/2047 (Callable 09/10/2026) <sup>(d)</sup> | &nbsp;&nbsp; Series 2014-UBS5, Class AM, 4.19%, 09/10/2047 (Callable 09/10/2026) <sup>(d)</sup> | 10176429 | 10023783 |
| &nbsp;&nbsp; Series 2015-CR26, Class A4, 3.63%, 10/10/2048 (Callable 08/10/2027) | &nbsp;&nbsp; Series 2015-CR26, Class A4, 3.63%, 10/10/2048 (Callable 08/10/2027) | 900776 | 899088 |
| &nbsp;&nbsp; Series 2015-LC23, Class A4, 3.77%, 10/10/2048 (Callable 11/10/2025) | &nbsp;&nbsp; Series 2015-LC23, Class A4, 3.77%, 10/10/2048 (Callable 11/10/2025) | 8045395 | 8034872 |
| &nbsp;&nbsp; Series 2016-COR1, Class A4, 3.09%, 10/10/2049 (Callable 08/10/2027) | &nbsp;&nbsp; Series 2016-COR1, Class A4, 3.09%, 10/10/2049 (Callable 08/10/2027) | 20200300 | 19888417 |
| Computershare Corporate Trust | Computershare Corporate Trust | Computershare Corporate Trust | Computershare Corporate Trust |
| &nbsp;&nbsp; Series 2015-C31, Class A4, 3.70%, 11/15/2048 (Callable 11/15/2025) | &nbsp;&nbsp; Series 2015-C31, Class A4, 3.70%, 11/15/2048 (Callable 11/15/2025) | 9126593 | 9108199 |
| &nbsp;&nbsp; Series 2015-P2, Class A4, 3.81%, 12/15/2048 (Callable 12/15/2025) | &nbsp;&nbsp; Series 2015-P2, Class A4, 3.81%, 12/15/2048 (Callable 12/15/2025) | 563766 | 562309 |
| &nbsp;&nbsp; Series 2016-BNK1, Class A3, 2.65%, 08/15/2049 (Callable 08/15/2026) | &nbsp;&nbsp; Series 2016-BNK1, Class A3, 2.65%, 08/15/2049 (Callable 08/15/2026) | 2575000 | 2533830 |
| &nbsp;&nbsp; Series 2016-C34, Class A3, 2.83%, 06/15/2049 (Callable 05/15/2026) | &nbsp;&nbsp; Series 2016-C34, Class A3, 2.83%, 06/15/2049 (Callable 05/15/2026) | 14620000 | 14535337 |
| &nbsp;&nbsp; Series 2016-C34, Class A4, 3.10%, 06/15/2049 (Callable 05/15/2026) | &nbsp;&nbsp; Series 2016-C34, Class A4, 3.10%, 06/15/2049 (Callable 05/15/2026) | 21343000 | 21102535 |
| &nbsp;&nbsp; Series 2016-C35, Class A4, 2.93%, 07/15/2048 (Callable 07/15/2026) | &nbsp;&nbsp; Series 2016-C35, Class A4, 2.93%, 07/15/2048 (Callable 07/15/2026) | 658300 | 649804 |
| &nbsp;&nbsp; Series 2016-C36, Class A4, 3.07%, 11/15/2059 (Callable 10/15/2026) | &nbsp;&nbsp; Series 2016-C36, Class A4, 3.07%, 11/15/2059 (Callable 10/15/2026) | 2134000 | 2102877 |
| &nbsp;&nbsp; Series 2016-NXS6, Class A4, 2.92%, 11/15/2049 (Callable 10/15/2026) | &nbsp;&nbsp; Series 2016-NXS6, Class A4, 2.92%, 11/15/2049 (Callable 10/15/2026) | 73298000 | 72277193 |
|  Credit Suisse Mortgage Capital Certificates, Series 2016-NXSR, Class A4, 3.79%, 12/15/2049 (Callable 12/15/2026) <sup>(d)</sup> | Credit Suisse Mortgage Capital Certificates, Series 2016-NXSR, Class A4, 3.79%, 12/15/2049 (Callable 12/15/2026) <sup>(d)</sup> | 2145000 | 2128326 |
| CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2015-C3, Class A4, 3.72%, 08/15/2048 (Callable 07/15/2027) | &nbsp;&nbsp; Series 2015-C3, Class A4, 3.72%, 08/15/2048 (Callable 07/15/2027) | 160408 | 160054 |
| &nbsp;&nbsp; Series 2016-C7, Class A5, 3.50%, 11/15/2049 (Callable 11/15/2026) | &nbsp;&nbsp; Series 2016-C7, Class A5, 3.50%, 11/15/2049 (Callable 11/15/2026) | 1068000 | 1057615 |
| &nbsp;&nbsp; Series 2017-C8, Class ASB, 3.19%, 06/15/2050 (Callable 06/15/2027) | &nbsp;&nbsp; Series 2017-C8, Class ASB, 3.19%, 06/15/2050 (Callable 06/15/2027) | 4197343 | 4159220 |
| GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II |
| &nbsp;&nbsp; Series 2014-GC22, Class A5, 3.86%, 06/10/2047 (Callable 04/10/2028) | &nbsp;&nbsp; Series 2014-GC22, Class A5, 3.86%, 06/10/2047 (Callable 04/10/2028) | 1999940 | 1935295 |
| &nbsp;&nbsp; Series 2015-GC34, Class A4, 3.51%, 10/10/2048 (Callable 10/10/2025) | &nbsp;&nbsp; Series 2015-GC34, Class A4, 3.51%, 10/10/2048 (Callable 10/10/2025) | 12070349 | 11949647 |
| &nbsp;&nbsp; Series 2015-GS1, Class A3, 3.73%, 11/10/2048 (Callable 11/10/2025) | &nbsp;&nbsp; Series 2015-GS1, Class A3, 3.73%, 11/10/2048 (Callable 11/10/2025) | 2962856 | 2957398 |
| &nbsp;&nbsp; Series 2016-GS3, Class A4, 2.85%, 10/10/2049 (Callable 10/10/2026) | &nbsp;&nbsp; Series 2016-GS3, Class A4, 2.85%, 10/10/2049 (Callable 10/10/2026) | 2875000 | 2839947 |
| JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities |
| &nbsp;&nbsp; Series 2015-JP1, Class A5, 3.91%, 01/15/2049 (Callable 12/15/2025) | &nbsp;&nbsp; Series 2015-JP1, Class A5, 3.91%, 01/15/2049 (Callable 12/15/2025) | 10601751 | 10544940 |
| &nbsp;&nbsp; Series 2016-JP2, Class A4, 2.82%, 08/15/2049 (Callable 07/15/2026) | &nbsp;&nbsp; Series 2016-JP2, Class A4, 2.82%, 08/15/2049 (Callable 07/15/2026) | 955650 | 944149 |
| &nbsp;&nbsp; Series 2016-JP3, Class A5, 2.87%, 08/15/2049 (Callable 09/15/2026) | &nbsp;&nbsp; Series 2016-JP3, Class A5, 2.87%, 08/15/2049 (Callable 09/15/2026) | 3291150 | 3238646 |
| &nbsp;&nbsp; Series 2017-JP5, Class A5, 3.72%, 03/15/2050 (Callable 04/15/2027) | &nbsp;&nbsp; Series 2017-JP5, Class A5, 3.72%, 03/15/2050 (Callable 04/15/2027) | 8080000 | 8002154 |
| JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust |
| &nbsp;&nbsp; Series 2014-C24, Class A5, 3.64%, 11/15/2047 (Callable 08/15/2027) | &nbsp;&nbsp; Series 2014-C24, Class A5, 3.64%, 11/15/2047 (Callable 08/15/2027) | 1855914 | 1820238 |
| &nbsp;&nbsp; Series 2014-C25, Class A5, 3.67%, 11/15/2047 (Callable 12/15/2027) | &nbsp;&nbsp; Series 2014-C25, Class A5, 3.67%, 11/15/2047 (Callable 12/15/2027) | 18823061 | 18610360 |
| &nbsp;&nbsp; Series 2015-C27, Class A4, 3.18%, 02/15/2048 (Callable 09/15/2026) | &nbsp;&nbsp; Series 2015-C27, Class A4, 3.18%, 02/15/2048 (Callable 09/15/2026) | 148077 | 144378 |
| &nbsp;&nbsp; Series 2015-C32, Class A5, 3.60%, 11/15/2048 (Callable 10/15/2025) | &nbsp;&nbsp; Series 2015-C32, Class A5, 3.60%, 11/15/2048 (Callable 10/15/2025) | 18159633 | 18014356 |
| &nbsp;&nbsp; Series 2015-C33, Class A4, 3.77%, 12/15/2048 (Callable 11/15/2025) | &nbsp;&nbsp; Series 2015-C33, Class A4, 3.77%, 12/15/2048 (Callable 11/15/2025) | 28738073 | 28672052 |
| &nbsp;&nbsp; Series 2016-C1, Class A5, 3.58%, 03/17/2049 (Callable 02/15/2026) | &nbsp;&nbsp; Series 2016-C1, Class A5, 3.58%, 03/17/2049 (Callable 02/15/2026) | 15656445 | 15596908 |
| JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust |
| &nbsp;&nbsp; Series 2016-C2, Class A4, 3.14%, 06/15/2049 (Callable 05/15/2026) | &nbsp;&nbsp; Series 2016-C2, Class A4, 3.14%, 06/15/2049 (Callable 05/15/2026) | 23885000 | 23610466 |
| &nbsp;&nbsp; Series 2016-C4, Class A3, 3.14%, 12/15/2049 (Callable 04/15/2027) | &nbsp;&nbsp; Series 2016-C4, Class A3, 3.14%, 12/15/2049 (Callable 04/15/2027) | 6150000 | 6039344 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| &nbsp;&nbsp; Series 2015-C22, Class A4, 3.31%, 04/15/2048 (Callable 10/15/2025) | &nbsp;&nbsp; Series 2015-C22, Class A4, 3.31%, 04/15/2048 (Callable 10/15/2025) | 860591 | 845539 |
| &nbsp;&nbsp; Series 2015-C26, Class A5, 3.53%, 10/15/2048 (Callable 11/15/2025) | &nbsp;&nbsp; Series 2015-C26, Class A5, 3.53%, 10/15/2048 (Callable 11/15/2025) | 214307 | 213899 |
| &nbsp;&nbsp; Series 2015-C27, Class A4, 3.75%, 12/15/2047 (Callable 11/15/2025) | &nbsp;&nbsp; Series 2015-C27, Class A4, 3.75%, 12/15/2047 (Callable 11/15/2025) | 631067 | 629851 |
| &nbsp;&nbsp; Series 2016-C28, Class A4, 3.54%, 01/15/2049 (Callable 02/15/2028) | &nbsp;&nbsp; Series 2016-C28, Class A4, 3.54%, 01/15/2049 (Callable 02/15/2028) | 66816000 | 66554516 |
| &nbsp;&nbsp; Series 2016-C29, Class A4, 3.33%, 05/15/2049 (Callable 05/15/2026) | &nbsp;&nbsp; Series 2016-C29, Class A4, 3.33%, 05/15/2049 (Callable 05/15/2026) | 5501050 | 5460074 |
| &nbsp;&nbsp; Series 2016-C30, Class A5, 2.86%, 09/15/2049 (Callable 10/15/2026) | &nbsp;&nbsp; Series 2016-C30, Class A5, 2.86%, 09/15/2049 (Callable 10/15/2026) | 6699000 | 6586104 |
| &nbsp;&nbsp; Series 2016-C31, Class A5, 3.10%, 11/15/2049 (Callable 11/15/2026) | &nbsp;&nbsp; Series 2016-C31, Class A5, 3.10%, 11/15/2049 (Callable 11/15/2026) | 4270000 | 4207060 |
| &nbsp;&nbsp; Series 2016-C32, Class A4, 3.72%, 12/15/2049 (Callable 01/15/2027) | &nbsp;&nbsp; Series 2016-C32, Class A4, 3.72%, 12/15/2049 (Callable 01/15/2027) | 9967000 | 9888933 |
|  Morgan Stanley Capital I Trust 2014-MP, Series 2015-UBS8, Class A4, 3.81%, 12/15/2048 (Callable 12/15/2025) | Morgan Stanley Capital I Trust 2014-MP, Series 2015-UBS8, Class A4, 3.81%, 12/15/2048 (Callable 12/15/2025) | 6339823 | 6321412 |
| Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. |
| &nbsp;&nbsp; Series 2016-UB12, Class A4, 3.60%, 12/15/2049 (Callable 11/15/2026) | &nbsp;&nbsp; Series 2016-UB12, Class A4, 3.60%, 12/15/2049 (Callable 11/15/2026) | 32578000 | 32142556 |
| &nbsp;&nbsp; Series 2016-UBS9, Class A4, 3.59%, 03/15/2049 (Callable 02/15/2026) | &nbsp;&nbsp; Series 2016-UBS9, Class A4, 3.59%, 03/15/2049 (Callable 02/15/2026) | 4330000 | 4307887 |
| &nbsp;&nbsp; Series 2017-H1, Class A4, 3.26%, 06/15/2050 (Callable 06/15/2027) | &nbsp;&nbsp; Series 2017-H1, Class A4, 3.26%, 06/15/2050 (Callable 06/15/2027) | 5150000 | 5072085 |
|  SG Commercial Mortgage Securities LLC, Series 2016-C5, Class A4, 3.06%, 10/10/2048 (Callable 07/10/2026) | SG Commercial Mortgage Securities LLC, Series 2016-C5, Class A4, 3.06%, 10/10/2048 (Callable 07/10/2026) | 21518421 | 21190868 |
| **TOTAL NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $643,694,349) | **TOTAL NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $643,694,349) | **TOTAL NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $643,694,349) | 649213764 |
| **NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES - 0.9%** | **NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES - 0.9%** | **Par** | **Value**  |
| Arroyo Mortgage Trust | Arroyo Mortgage Trust | Arroyo Mortgage Trust | Arroyo Mortgage Trust |
| &nbsp;&nbsp; Series 2019-1, Class A1, 3.81%, 01/25/2049 (Callable 10/25/2025) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2019-1, Class A1, 3.81%, 01/25/2049 (Callable 10/25/2025) <sup>(a)(d)</sup> | 2374876 | 2318403 |
| &nbsp;&nbsp; Series 2019-2, Class A1, 3.35%, 04/25/2049 (Callable 10/25/2025) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2019-2, Class A1, 3.35%, 04/25/2049 (Callable 10/25/2025) <sup>(a)(d)</sup> | 4371400 | 4254386 |
| &nbsp;&nbsp; Series 2019-3, Class A1, 2.96%, 10/25/2048 (Callable 10/25/2025) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2019-3, Class A1, 2.96%, 10/25/2048 (Callable 10/25/2025) <sup>(a)(d)</sup> | 8476972 | 8124358 |
|  FirstKey Homes 2020-SFR2 Trust, Series 2020-SFR2, Class A, 1.27%, 10/19/2037 <sup>(a)</sup> | FirstKey Homes 2020-SFR2 Trust, Series 2020-SFR2, Class A, 1.27%, 10/19/2037 <sup>(a)</sup> | 43350505 | 43148144 |
|  FirstKey Homes Trust, Series 2021-SFR1, Class A, 1.54%, 08/17/2038 <sup>(a)</sup> | FirstKey Homes Trust, Series 2021-SFR1, Class A, 1.54%, 08/17/2038 <sup>(a)</sup> | 10146666 | 9908977 |
|  Starwood Mortgage Residential Trust, Series 2021-1, Class A1, 1.22%, 05/25/2065 (Callable 10/25/2025) <sup>(a)(d)</sup> | Starwood Mortgage Residential Trust, Series 2021-1, Class A1, 1.22%, 05/25/2065 (Callable 10/25/2025) <sup>(a)(d)</sup> | 4699401 | 4413886 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2017-4, Class A1, 2.75%, 06/25/2057 (Callable 02/25/2030) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2017-4, Class A1, 2.75%, 06/25/2057 (Callable 02/25/2030) <sup>(a)(d)</sup> | 944694 | 925408 |
| &nbsp;&nbsp; Series 2017-6, Class A1, 2.75%, 10/25/2057 (Callable 02/25/2030) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2017-6, Class A1, 2.75%, 10/25/2057 (Callable 02/25/2030) <sup>(a)(d)</sup> | 4134516 | 4070029 |
| &nbsp;&nbsp; Series 2018-6, Class A1A, 3.75%, 03/25/2058 (Callable 08/25/2030) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2018-6, Class A1A, 3.75%, 03/25/2058 (Callable 08/25/2030) <sup>(a)(d)</sup> | 3482913 | 3458597 |
| **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $81,448,137) | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $81,448,137) | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $81,448,137) | 80622188 |
| **MUNICIPAL BONDS - 0.3%** | **MUNICIPAL BONDS - 0.3%** | **Par** | **Value**  |
|  Central Plains Energy Project, 5.45%, 08/01/2026 | Central Plains Energy Project, 5.45%, 08/01/2026 | 1150000 | 1154633 |
|  Cleburne Independent School District, 0.00%, 02/15/2026 <sup>(e)</sup> | Cleburne Independent School District, 0.00%, 02/15/2026 <sup>(e)</sup> | 7750000 | 7615809 |
|  New York State Energy Research & Development Authority, 5.74%, 04/01/2026 | New York State Energy Research & Development Authority, 5.74%, 04/01/2026 | 1625000 | 1627950 |
|  Port of Morrow OR, 5.15%, 10/01/2026 (Callable 10/22/2025) <sup>(a)</sup> | Port of Morrow OR, 5.15%, 10/01/2026 (Callable 10/22/2025) <sup>(a)</sup> | 15295000 | 15294812 |
| **TOTAL MUNICIPAL BONDS** (Cost $25,672,358) | **TOTAL MUNICIPAL BONDS** (Cost $25,672,358) | **TOTAL MUNICIPAL BONDS** (Cost $25,672,358) | 25693204 |
| **OTHER GOVERNMENT RELATED SECURITIES - 0.0%<sup>(f)</sup>** | **OTHER GOVERNMENT RELATED SECURITIES - 0.0%<sup>(f)</sup>** | **Par** | **Value**  |
|  Electricite de France SA, 3.63%, 10/13/2025 <sup>(a)</sup> | Electricite de France SA, 3.63%, 10/13/2025 <sup>(a)</sup> | 1966000 | 1965205 |
| **TOTAL OTHER GOVERNMENT RELATED SECURITIES** (Cost $1,964,894) | **TOTAL OTHER GOVERNMENT RELATED SECURITIES** (Cost $1,964,894) | **TOTAL OTHER GOVERNMENT RELATED SECURITIES** (Cost $1,964,894) | 1965205 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **U.S. TREASURY BILLS - 8.0%** | **U.S. TREASURY BILLS - 8.0%** | **Par** | **Value**  |
| 4.23%, 10/02/2025 <sup>(g)</sup> | 4.23%, 10/02/2025 <sup>(g)</sup> | 413500000 | 413453812 |
| 4.03%, 10/30/2025 <sup>(g)</sup> | 4.03%, 10/30/2025 <sup>(g)</sup> | 175000000 | 174428473 |
| 3.91%, 12/11/2025 <sup>(g)</sup> | 3.91%, 12/11/2025 <sup>(g)</sup> | 175000000 | 173671214 |
| **TOTAL U.S. TREASURY BILLS** (Cost $761,548,536) | **TOTAL U.S. TREASURY BILLS** (Cost $761,548,536) | **TOTAL U.S. TREASURY BILLS** (Cost $761,548,536) | 761553499 |
| **COMMERCIAL PAPER - 2.8%** | **COMMERCIAL PAPER - 2.8%** | **Par** | **Value**  |
| Adventist Health System, 4.76%, 10/02/2025<sup>(g)</sup> |  | 46875000 | 46863174 |
| CommonSpirit Health, 5.01%, 10/24/2025<sup>(g)</sup> |  | 68650000 | 68436684 |
| Crown Castle, Inc. |  |  |  |
| &nbsp;&nbsp; 4.87%, 10/02/2025<sup>(a)(g)</sup> |  | 29600000 | 29592461 |
| &nbsp;&nbsp; 4.63%, 10/23/2025<sup>(a)(g)</sup> |  | 29600000 | 29512502 |
| FMC Corp., 4.92%, 10/24/2025<sup>(a)(g)</sup> |  | 31500000 | 31396469 |
| HCA, Inc., 4.72%, 10/16/2025<sup>(a)(g)</sup> |  | 22025000 | 21979796 |
| Telus Corp., 5.11%, 12/08/2025<sup>(g)</sup> |  | 43900000 | 43504114 |
| **TOTAL COMMERCIAL PAPER** (Cost $271,285,724) | **TOTAL COMMERCIAL PAPER** (Cost $271,285,724) | **TOTAL COMMERCIAL PAPER** (Cost $271,285,724) | 271285200 |
| **MONEY MARKET FUNDS - 2.8%** | **MONEY MARKET FUNDS - 2.8%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class U, 4.07%<sup>(h)</sup> | First American Government Obligations Fund - Class U, 4.07%<sup>(h)</sup> | 267788456 | 267788456 |
| **TOTAL MONEY MARKET FUNDS** (Cost $267,788,456) | **TOTAL MONEY MARKET FUNDS** (Cost $267,788,456) | **TOTAL MONEY MARKET FUNDS** (Cost $267,788,456) | 267788456 |
| **TOTAL INVESTMENTS - 100.6% (**Cost $9,561,393,536**)** | **TOTAL INVESTMENTS - 100.6% (**Cost $9,561,393,536**)** | **TOTAL INVESTMENTS - 100.6% (**Cost $9,561,393,536**)** | 9583704107 |
| Liabilities in Excess of Other Assets - (0.6)% | Liabilities in Excess of Other Assets - (0.6)% | Liabilities in Excess of Other Assets - (0.6)% | (59892559) |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $9523811548 |
| two | two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $2,241,759,491 or 23.5% of the Fund's net assets.

(b) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(c) Step coupon bond. The rate disclosed is as of September 30, 2025.

(d) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of September 30, 2025.

(e) Zero coupon bonds make no periodic interest payments.

(f) Represents less than 0.05% of net assets.

(g) The rate shown is the annualized yield as of September 30, 2025.

(h) The rate shown represents the 7-day annualized yield as of September 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Baird Ultra Short Bond Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $4601345128 | $– | $4601345128 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 1920338519 | – | 1920338519 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 1003898944 | – | 1003898944 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage-Backed Securities | – | 649213764 | – | 649213764 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Mortgage-Backed Securities | – | 80622188 | – | 80622188 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 25693204 | – | 25693204 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Other Government Related Securities | – | 1965205 | – | 1965205 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 761553499 | – | 761553499 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Paper | – | 271285200 | – | 271285200 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 267788456 | – | – | 267788456 |
| Total Investments | $267788456 | $9315915651 | $– | $9583704107 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period, as compared to the security classifications from the prior year's core financial statements. <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Baird Funds Inc

- **b. Investment Company Act file number:** 811-09997

- **c. CIK number of Registrant:** 0001282693

- **d. LEI of Registrant:** 5493007JR2NWYBC7PO06

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

  - **Street Address 1:** 777 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147653614

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

- **a. Name of Series:** Baird Ultra Short Bond Fund

- **b. EDGAR series identifier (if any):** S000043689

- **c. LEI of Series:** 5493002ENF40J7P07867

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $9514087104.41

**Total Liabilities:** $1189614.25

**Net Assets:** $9512897490.16

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 215542.665882000000 | **1-Year:** 254026.423757000000 | **5-Year:** 5787.260176000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 1619.265277000000 | **1-Year:** 85.063333000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000135467 | 0.28%                | 0.55%                | 0.43%                |
| Class ID C000135468 | 0.26%                | 0.53%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $532153.68               | $-6429005.97                               |
| Month 2  | $568187.63               | $10865298.91                               |
| Month 3  | $1132488.65              | $4697310.31                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLEGIANCE CORP                | Allegiance Corp                                                    | CUSIP: 017475AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4925000 | PA      | $5045922.24   | 0.05%             | 2026-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                          | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |  17507000 | PA      | $17272166.70  | 0.18%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2014-C25                | CUSIP: 46643PBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18823061 | PA      | $18610360.21  | 0.20%             | 2047-11-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC        | Jefferies Financial Group Inc                                      | CUSIP: 47233WKM0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |  46850000 | PA      | $46950876.01  | 0.49%             | 2026-08-11      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC        | Jefferies Financial Group Inc                                      | CUSIP: 47233WKS7<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |  19700000 | PA      | $19740890.90  | 0.21%             | 2026-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS INTL PL       | Johnson Controls International plc                                 | CUSIP: 478375AR9<br>LEI: 549300XQ6S1GYKGBL205 | Long             | DBT              | CORP              | IE        |  47593000 | PA      | $47491652.61  | 0.50%             | 2026-02-14      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                 | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  67561000 | PA      | $67888033.75  | 0.71%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                             | CUSIP: 853254CG3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   5200000 | PA      | $5086965.78   | 0.05%             | 2028-01-12      | Variable      | 2.61%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note | Toyota Auto Loan Extended Note Trust 2021-1                        | CUSIP: 89237MAA7<br>LEI: 54930055QDKD6LCRW256 | Long             | ABS-O            | CORP              | US        |  14758000 | PA      | $14572143.65  | 0.15%             | 2034-02-27      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| TRINITY ACQUISITION PLC        | Trinity Acquisition PLC                                            | CUSIP: 89641UAC5<br>LEI: 549300FJZWZN6MJNGB63 | Long             | DBT              | CORP              | GB        |  19825000 | PA      | $19830833.11  | 0.21%             | 2026-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                       | CUSIP: 902613AS7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  13989000 | PA      | $14035495.38  | 0.15%             | 2027-08-05      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                       | CUSIP: 902613AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   8265000 | PA      | $8294201.24   | 0.09%             | 2027-01-12      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                        | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 413500000 | PA      | $413453812.05 | 4.35%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                   | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 150000000 | PA      | $150897655.50 | 1.59%             | 2026-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu | JPMDB Commercial Mortgage Securities Trust 2016-C4                 | CUSIP: 46646RAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6150000 | PA      | $6039343.67   | 0.06%             | 2049-12-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N | Ally Bank Auto Credit-Linked Notes Series 2024-A                   | CUSIP: 02007GZ48<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4784493 | PA      | $4865562.86   | 0.05%             | 2032-05-17      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust    | Ally Auto Receivables Trust 2024-2                                 | CUSIP: 02007NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3779118 | PA      | $3779617.79   | 0.04%             | 2027-07-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                        | CUSIP: 05401AAK7<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |  17096000 | PA      | $17118664.17  | 0.18%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr | BA Credit Card Trust                                               | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |  29746000 | PA      | $29773598.34  | 0.31%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr | BA Credit Card Trust                                               | CUSIP: 05522RDG0<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |  26593000 | PA      | $26725544.83  | 0.28%             | 2028-05-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mor | Banc of America Commercial Mortgage Trust 2015-UBS7                | CUSIP: 06054AAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    462591 | PA      | $461663.79    | 0.00%             | 2048-09-15      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE II LLC        | Bayer US Finance II LLC                                            | CUSIP: 07274NAJ2<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |  52644000 | PA      | $52597906.49  | 0.55%             | 2025-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2016-COR1 Mortgage Trust                                      | CUSIP: 12594MBC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20200300 | PA      | $19888417.47  | 0.21%             | 2049-10-10      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust         | Chase Auto Owner Trust 2023-A                                      | CUSIP: 16144KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11591298 | PA      | $11726407.60  | 0.12%             | 2029-01-25      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust         | Chase Auto Owner Trust 2025-1                                      | CUSIP: 16145NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15825000 | PA      | $15882220.04  | 0.17%             | 2028-07-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC         | Cox Communications Inc                                             | CUSIP: 224044CG0<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |  13284000 | PA      | $13186207.84  | 0.14%             | 2026-09-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                 | Capital One NA                                                     | CUSIP: 25466AAE1<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   6888000 | PA      | $6885008.40   | 0.07%             | 2026-03-13      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALGONQUIN PWR & UTILITY        | Algonquin Power & Utilities Corp                                   | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |  62787000 | PA      | $63238571.64  | 0.66%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N | Ally Bank Auto Credit-Linked Notes Series 2024-B                   | CUSIP: 02007G4B6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19248937 | PA      | $19424785.64  | 0.20%             | 2032-09-15      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust          | Arroyo Mortgage Trust 2019-1                                       | CUSIP: 042859AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2374876 | PA      | $2318403.02   | 0.02%             | 2049-01-25      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| AVNET INC                      | Avnet Inc                                                          | CUSIP: 053807AS2<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |  39998000 | PA      | $39960355.48  | 0.42%             | 2026-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                        | CUSIP: 05401AAG6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2700000 | PA      | $2698184.39   | 0.03%             | 2026-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                            | CUSIP: 05583JAH5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    875000 | PA      | $874646.35    | 0.01%             | 2026-10-06      | Variable      | 1.65%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM       | Amcor Flexibles North America Inc                                  | CUSIP: 081437AS4<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   3645000 | PA      | $3605287.36   | 0.04%             | 2026-09-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                  | BGC Group Inc                                                      | CUSIP: 088929AB0<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |  21786000 | PA      | $21758398.66  | 0.23%             | 2025-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                      | CUSIP: 097023DA0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   5545000 | PA      | $5513372.37   | 0.06%             | 2026-02-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                      | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  27706000 | PA      | $27496164.45  | 0.29%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO          | Brooklyn Union Gas Co/The                                          | CUSIP: 114259AN4<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |   1229000 | PA      | $1224339.52   | 0.01%             | 2026-03-10      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| CD Commercial Mortgage Trust   | CD 2016-CD1 Mortgage Trust                                         | CUSIP: 12514MBC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2700000 | PA      | $2632375.80   | 0.03%             | 2049-08-10      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus | CFCRE Commercial Mortgage Trust 2016-C4                            | CUSIP: 12531YAN8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5900000 | PA      | $5873291.88   | 0.06%             | 2058-05-10      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2015-C3 Commercial Mortgage Trust                            | CUSIP: 12635FAT1<br>LEI: 549300ZAGI6FKGY8O078 | Long             | ABS-MBS          | CORP              | US        |    160408 | PA      | $160053.78    | 0.00%             | 2048-08-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2015-LC23 Mortgage Trust                                      | CUSIP: 12636FBJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8045395 | PA      | $8034871.97   | 0.08%             | 2048-10-10      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execut | Capital One Multi-Asset Execution Trust                            | CUSIP: 14041NGD7<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |  26466000 | PA      | $26531148.71  | 0.28%             | 2028-05-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | CarMax Auto Owner Trust 2022-1                                     | CUSIP: 14317CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1244784 | PA      | $1243205.43   | 0.01%             | 2026-12-15      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC      | Chesapeake Funding II LLC                                          | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   7321043 | PA      | $7425075.93   | 0.08%             | 2035-10-15      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-GC37                      | CUSIP: 17290XAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $995511.60    | 0.01%             | 2049-04-10      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-C2                        | CUSIP: 17291CBR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5714752 | PA      | $5633670.53   | 0.06%             | 2049-08-10      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-P6                        | CUSIP: 17291EAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    736000 | PA      | $719330.70    | 0.01%             | 2049-12-10      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                      | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4792000 | PA      | $4772437.43   | 0.05%             | 2028-01-10      | Variable      | 3.89%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2015-GC35                      | CUSIP: 17324KAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  24082339 | PA      | $23922586.23  | 0.25%             | 2048-11-10      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-P5                        | CUSIP: 17325DAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16865000 | PA      | $16533189.56  | 0.17%             | 2049-10-10      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| CLEBURNE TX INDEP SCH DIST     | Cleburne Independent School District                               | CUSIP: 185486PD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $7615809.53   | 0.08%             | 2026-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO       | Columbia Pipelines Holding Co LLC                                  | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9490000 | PA      | $9617798.03   | 0.10%             | 2026-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                | Concentrix Corp                                                    | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |  69466000 | PA      | $70498447.46  | 0.74%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.              | Crown Castle Inc                                                   | CUSIP: 22823PX24<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |  29600000 | PA      | $29592460.88  | 0.31%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Commercial Mortg | DBJPM 16-C1 Mortgage Trust                                         | CUSIP: 23312LAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  34592241 | PA      | $34282277.22  | 0.36%             | 2049-05-10      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA         | Daimler Truck Finance North America LLC                            | CUSIP: 233853AP5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4859651.11   | 0.05%             | 2026-01-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                       | CUSIP: 251526CE7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  47666000 | PA      | $47491460.93  | 0.50%             | 2026-11-24      | Variable      | 2.13%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                       | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  13576000 | PA      | $13278989.43  | 0.14%             | 2027-11-16      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV           | Enel Finance International NV                                      | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   2361000 | PA      | $2363057.38   | 0.02%             | 2025-10-14      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| First National Master Note Tru | First National Master Note Trust                                   | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14009000 | PA      | $14083062.78  | 0.15%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes 2020-SFR2 Trust                                     | CUSIP: 33767JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  43350505 | PA      | $43148144.38  | 0.45%             | 2037-10-19      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes 2021-SFR1 Trust                                     | CUSIP: 33767WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10146666 | PA      | $9908976.91   | 0.10%             | 2038-08-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC              | Flowers Foods Inc                                                  | CUSIP: 343498AB7<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |   4925000 | PA      | $4881389.17   | 0.05%             | 2026-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORTIS INC                     | Fortis Inc/Canada                                                  | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |   5186000 | PA      | $5126321.90   | 0.05%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2015-GC34                             | CUSIP: 36250VAD4<br>LEI: 54930070360RBP384M53 | Long             | ABS-MBS          | CORP              | US        |  12070349 | PA      | $11949646.78  | 0.13%             | 2048-10-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2015-GS1                              | CUSIP: 36252AAC0<br>LEI: 549300WZ62L3Y22NOZ64 | Long             | ABS-MBS          | CORP              | US        |   2962856 | PA      | $2957398.51   | 0.03%             | 2048-11-10      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receiva | GM Financial Revolving Receivables Trust 2021-1                    | CUSIP: 36263HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8850000 | PA      | $8618217.62   | 0.09%             | 2034-06-12      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  10385000 | PA      | $10247736.57  | 0.11%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                        | CUSIP: 38141GZT4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  49240000 | PA      | $49291988.08  | 0.52%             | 2027-06-15      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                            | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  37748000 | PA      | $37822788.23  | 0.40%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                  | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  36883000 | PA      | $37379612.63  | 0.39%             | 2027-08-14      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| HANOVER INSURANCE GROUP        | Hanover Insurance Group Inc/The                                    | CUSIP: 410867AF2<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | DBT              | CORP              | US        |  38450000 | PA      | $38473982.42  | 0.40%             | 2026-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP       | Healthcare Realty Holdings LP                                      | CUSIP: 42225UAD6<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |  12183000 | PA      | $12095351.60  | 0.13%             | 2026-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                      | CUSIP: 42824CBK4<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |  20339000 | PA      | $20106139.60  | 0.21%             | 2026-04-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP       | Host Hotels & Resorts LP                                           | CUSIP: 44107TAW6<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |  22846000 | PA      | $22814786.42  | 0.24%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The Huntington National Bank   | Huntington Bank Auto Credit-Linked Notes Series 2024-1             | CUSIP: 44644NAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3559100 | PA      | $3617425.44   | 0.04%             | 2032-05-20      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891ABZ9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1148000 | PA      | $1120033.15   | 0.01%             | 2026-09-17      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891ACG0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4037033.92   | 0.04%             | 2026-06-26      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  13060000 | PA      | $13266583.47  | 0.14%             | 2026-09-21      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2024-B                              | CUSIP: 44934QAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13046447 | PA      | $13075987.67  | 0.14%             | 2027-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                   | Illumina Inc                                                       | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   2833000 | PA      | $2845975.90   | 0.03%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP          | KeySpan Gas East Corp                                              | CUSIP: 49338CAB9<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |   9777000 | PA      | $9650055.24   | 0.10%             | 2026-08-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2015-UBS8                           | CUSIP: 61691ABL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6339823 | PA      | $6321411.97   | 0.07%             | 2048-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                        | CUSIP: 63861VAJ6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   9225000 | PA      | $9435035.35   | 0.10%             | 2027-10-18      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                  | CUSIP: 639057AC2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   8475000 | PA      | $8314708.26   | 0.09%             | 2027-06-14      | Variable      | 1.64%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                  | CUSIP: 639057AJ7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  17400000 | PA      | $17504072.53  | 0.18%             | 2027-03-02      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE        | Nissan Motor Acceptance Co LLC                                     | CUSIP: 654740BS7<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1387311.27   | 0.01%             | 2026-03-09      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                                 | CUSIP: 69335PEV3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5637000 | PA      | $5672703.07   | 0.06%             | 2028-05-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY PENN ELECTRI       | FirstEnergy Pennsylvania Electric Co                               | CUSIP: 708696CA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9720000 | PA      | $9747068.55   | 0.10%             | 2026-03-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                      | CUSIP: 709599BL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15479000 | PA      | $15414147.32  | 0.16%             | 2025-11-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                      | CUSIP: 709599BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8433000 | PA      | $8276863.34   | 0.09%             | 2026-06-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE       | Plains All American Pipeline LP / PAA Finance Corp                 | CUSIP: 72650RBL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3070000 | PA      | $3075294.52   | 0.03%             | 2026-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORP       | Renesas Electronics Corp                                           | CUSIP: 75972BAB7<br>LEI: 5299000EPC47VJQOFB81 | Long             | DBT              | CORP              | JP        |   5347000 | PA      | $5210620.27   | 0.05%             | 2026-11-25      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN       | Rogers Communications Inc                                          | CUSIP: 775109BE0<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |  33061000 | PA      | $32998499.83  | 0.35%             | 2025-12-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA           | Royal Bank of Canada                                               | CUSIP: 780082AD5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  40357000 | PA      | $40379951.03  | 0.42%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                        | CUSIP: 780153BH4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  31306000 | PA      | $31281605.74  | 0.33%             | 2026-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                   | SK Hynix Inc                                                       | CUSIP: 78392BAB3<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |  12316000 | PA      | $12209331.37  | 0.13%             | 2026-01-19      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                   | SK Hynix Inc                                                       | CUSIP: 78392BAD9<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |  15888000 | PA      | $15951186.58  | 0.17%             | 2026-01-17      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitiz | SFS Auto Receivables Securitization Trust 2024-3                   | CUSIP: 78436XAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2203850 | PA      | $2206923.83   | 0.02%             | 2028-05-22      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust          | SBNA Auto Lease Trust 2024-B                                       | CUSIP: 78437VAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    244510 | PA      | $244718.70    | 0.00%             | 2026-11-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI       | SMBC Aviation Capital Finance DAC                                  | CUSIP: 78448TAG7<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |   7296000 | PA      | $7111505.54   | 0.07%             | 2026-10-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                                    | CUSIP: 80281LAQ8<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |  12722000 | PA      | $12484996.26  | 0.13%             | 2027-06-14      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program 2025-1 Trust                            | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8407166 | PA      | $8449172.76   | 0.09%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program 2025-2 Trust                            | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9968357 | PA      | $10020405.18  | 0.11%             | 2034-06-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| SPRINT LLC                     | Sprint LLC                                                         | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   5110000 | PA      | $5121418.55   | 0.05%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                             | CUSIP: 853254CQ1<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2008919.30   | 0.02%             | 2027-01-09      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                             | CUSIP: 853254CT5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |  37904000 | PA      | $38409364.18  | 0.40%             | 2027-07-06      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| Starwood Residential Mortgage  | STAR 2021-1 Trust                                                  | CUSIP: 85573GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4699401 | PA      | $4413885.55   | 0.05%             | 2065-05-25      | Variable      | 1.22%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwrit | Stellantis Financial Underwritten Enhanced Lease Trust 2025-A      | CUSIP: 858928AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  43359894 | PA      | $43549090.59  | 0.46%             | 2027-07-20      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Issuance Trust  | Synchrony Card Funding LLC                                         | CUSIP: 87166PAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  72424000 | PA      | $73257969.60  | 0.77%             | 2029-07-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| TELUS CORPORATION              | TELUS CORPORATION                                                  | CUSIP: 87974PZ89<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  43900000 | PA      | $43504114.19  | 0.46%             | 2025-12-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2017-4                                   | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    944694 | PA      | $925407.47    | 0.01%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES          | TransCanada PipeLines Ltd                                          | CUSIP: 89352HAT6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   7570000 | PA      | $7571174.49   | 0.08%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE        | Transcontinental Gas Pipe Line Co LLC                              | CUSIP: 893574AH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  46892000 | PA      | $46988863.87  | 0.49%             | 2026-02-01      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                        | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 175000000 | PA      | $173671214.50 | 1.83%             | 2025-12-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                   | CUSIP: 91282CKB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 323675000 | PA      | $324570162.05 | 3.41%             | 2026-02-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                   | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 330000000 | PA      | $331933595.40 | 3.49%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                   | CUSIP: 91282CKS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 365000000 | PA      | $367429531.25 | 3.86%             | 2026-05-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                              | CUSIP: 92564RAH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10263000 | PA      | $10262641.21  | 0.11%             | 2026-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                            | CUSIP: 928668BB7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  21516000 | PA      | $21295402.05  | 0.22%             | 2026-09-26      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                            | CUSIP: 928668CE0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1229365.15   | 0.01%             | 2026-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL INC             | Voya Financial Inc                                                 | CUSIP: 929089AB6<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |  23391000 | PA      | $23300659.51  | 0.24%             | 2026-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)           | Weir Group PLC/The                                                 | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |  34024000 | PA      | $33481329.79  | 0.35%             | 2026-05-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE         | Westinghouse Air Brake Technologies Corp                           | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $18835049.98  | 0.20%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD           | Woodside Finance Ltd                                               | CUSIP: 980236AN3<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |  18788000 | PA      | $18675762.18  | 0.20%             | 2026-09-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                   | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 250000000 | PA      | $250007812.50 | 2.63%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ADVENT HEALTH SYSTEM           | Adventist Health System/West                                       | CUSIP: 00777NX21<br>LEI: 5493008YM33UCY5QPW83 | Long             | STIV             | CORP              | US        |  46875000 | PA      | $46863173.44  | 0.49%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked N | Ally Bank Auto Credit-Linked Notes Series 2025-A                   | CUSIP: 02007G5D1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18587313 | PA      | $18627273.93  | 0.20%             | 2033-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                                   | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  41362000 | PA      | $40331279.64  | 0.42%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LP            | Emera US Finance LP                                                | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8445000 | PA      | $8394990.74   | 0.09%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                         | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        | 267788456 | NS      | $267788456.36 | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| AMRIZE FINANCE US LLC          | Amrize Finance US LLC                                              | CUSIP: 43475RAL0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   6987000 | PA      | $6933642.17   | 0.07%             | 2026-09-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                   | 7-Eleven Inc                                                       | CUSIP: 817826AC4<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |  64832000 | PA      | $64012631.79  | 0.67%             | 2026-02-10      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                            | CUSIP: 05583JAK8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   6590000 | PA      | $6432916.28   | 0.07%             | 2027-10-19      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2022-C14                                      | CUSIP: 07336AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3994196 | PA      | $3925242.97   | 0.04%             | 2055-02-15      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                                   | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1142000 | PA      | $1142161.02   | 0.01%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP           | Boston Properties LP                                               | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |  21164000 | PA      | $21099653.40  | 0.22%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust         | Chase Auto Owner Trust 2024-3                                      | CUSIP: 16144LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4934884 | PA      | $4945815.76   | 0.05%             | 2027-09-27      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                      | DLLAD 2025-1 LLC                                                   | CUSIP: 23347BAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9575000 | PA      | $9625054.27   | 0.10%             | 2028-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                   | CUSIP: 00084DAL4<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   1000000 | PA      | $1001448.96   | 0.01%             | 2026-04-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust          | CUSIP: 00774MAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  17139000 | PA      | $16999579.03  | 0.18%             | 2026-01-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                     | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  11523000 | PA      | $11283377.03  | 0.12%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC          | DuPont de Nemours Inc                                              | CUSIP: 26078JAC4<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |  27675000 | PA      | $27664985.25  | 0.29%             | 2025-11-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA       | Electricite de France SA                                           | CUSIP: 268317AS3<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   1966000 | PA      | $1965204.71   | 0.02%             | 2025-10-13      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| APACHE CORP                    | Apache Corp                                                        | CUSIP: 037411AK1<br>LEI: 72ZZ1XRHOOU9P9X16K08 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2035986.50   | 0.02%             | 2026-04-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust          | Arroyo Mortgage Trust 2019-3                                       | CUSIP: 04285AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8476972 | PA      | $8124358.28   | 0.09%             | 2048-10-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   9339000 | PA      | $9118643.21   | 0.10%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                | BofA Auto Trust 2024-1                                             | CUSIP: 09709AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470549 | PA      | $470820.21    | 0.00%             | 2026-12-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| CCL INDUSTRIES INC             | CCL Industries Inc                                                 | CUSIP: 124900AB7<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | CA        |   4826000 | PA      | $4764544.61   | 0.05%             | 2026-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                    | CUSIP: 126650CU2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  18591000 | PA      | $18417902.73  | 0.19%             | 2026-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CATHOLIC HEALTH INITIATV       | CommonSpirit Health                                                | CUSIP: 14918GXQ4<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | STIV             | CORP              | US        |  68650000 | PA      | $68436683.86  | 0.72%             | 2025-10-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2015-GC31                      | CUSIP: 17323YAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4896264 | PA      | $4807926.85   | 0.05%             | 2048-06-10      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| COLORADO INT GAS CO/ISS        | Colorado Interstate Gas Co LLC / Colorado Interstate Issuing Corp  | CUSIP: 196500AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25755000 | PA      | $25707252.81  | 0.27%             | 2026-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| COTY INC                       | Coty Inc                                                           | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |  51715000 | PA      | $51558841.39  | 0.54%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA            | Fifth Third Bank NA                                                | CUSIP: 31677AAB0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |  13816000 | PA      | $13790514.18  | 0.14%             | 2026-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                            | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   6525000 | PA      | $6639685.49   | 0.07%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-BNK1                    | CUSIP: 95000GAY0<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |   2575000 | PA      | $2533830.39   | 0.03%             | 2049-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                      | Dllad 2024-1 LLC                                                   | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4077362 | PA      | $4098627.81   | 0.04%             | 2027-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO              | DXC Technology Co                                                  | CUSIP: 23355LAL0<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |  15535000 | PA      | $15165326.65  | 0.16%             | 2026-09-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp                                                   | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |  10897000 | PA      | $10764773.95  | 0.11%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                           | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |  21593000 | PA      | $21395145.72  | 0.22%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                    | Equinix Inc                                                        | CUSIP: 29444UBD7<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |  23012000 | PA      | $22667907.09  | 0.24%             | 2026-11-18      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                           | CUSIP: 345397F81<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4514911.88   | 0.05%             | 2026-11-05      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2016-GS3                              | CUSIP: 36251PAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2875000 | PA      | $2839947.14   | 0.03%             | 2049-10-10      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| GRAY OAK PIPELINE LLC          | Gray Oak Pipeline LLC                                              | CUSIP: 38937LAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  36502000 | PA      | $36466950.78  | 0.38%             | 2025-10-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Tru | Harley-Davidson Motorcycle Trust 2024-A                            | CUSIP: 412922AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     63496 | PA      | $63532.45     | 0.00%             | 2027-02-16      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891AAK3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2823000 | PA      | $2781715.71   | 0.03%             | 2026-09-27      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                         | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |  16650000 | PA      | $16269981.73  | 0.17%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PRA HEALTH SCIENCES INC        | PRA Health Sciences Inc                                            | CUSIP: 45569KAA1<br>LEI: 549300R1HR1VWWHIAK47 | Long             | DBT              | CORP              | US        |  24520000 | PA      | $24181713.25  | 0.25%             | 2026-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC           | Kyndryl Holdings Inc                                               | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   7430000 | PA      | $7256889.17   | 0.08%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD            | Macquarie Group Ltd                                                | CUSIP: 55608JAR9<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  32034000 | PA      | $31759493.61  | 0.33%             | 2027-01-12      | Variable      | 1.34%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C32        | CUSIP: 61691GAS9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9967000 | PA      | $9888933.47   | 0.10%             | 2049-12-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891ABS5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   9874000 | PA      | $9793578.44   | 0.10%             | 2026-01-08      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891ACB1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   9154000 | PA      | $9200377.83   | 0.10%             | 2026-03-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2023-C                              | CUSIP: 44918CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  23749468 | PA      | $24001236.00  | 0.25%             | 2028-10-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2023-C                     | CUSIP: 44935VAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  30398825 | PA      | $30478512.92  | 0.32%             | 2026-12-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2      | CUSIP: 46590MAR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    955650 | PA      | $944148.94    | 0.01%             | 2049-08-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2016-UBS12                          | CUSIP: 61691EBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  32578000 | PA      | $32142555.94  | 0.34%             | 2049-12-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                  | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  41963000 | PA      | $42094484.35  | 0.44%             | 2026-11-10      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                                 | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9765000 | PA      | $9880004.36   | 0.10%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                      | CUSIP: 709599BU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8115000 | PA      | $8179315.76   | 0.09%             | 2026-05-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PORT OF MORROW OR              | Port of Morrow OR                                                  | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15295000 | PA      | $15294811.87  | 0.16%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RESEARCH &  | New York State Energy Research & Development Authority             | CUSIP: 64985VBE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1627949.54   | 0.02%             | 2026-04-01      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                          | CUSIP: 682680CL5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |  50360000 | PA      | $50530195.65  | 0.53%             | 2026-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                                    | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |  31226000 | PA      | $31318466.74  | 0.33%             | 2026-11-21      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                 | TD SYNNEX Corp                                                     | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |  72427000 | PA      | $70810603.18  | 0.74%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                | Rolls-Royce PLC                                                    | CUSIP: 77578JAB4<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |  22420000 | PA      | $22410215.02  | 0.24%             | 2025-10-14      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  18925000 | PA      | $18581524.88  | 0.20%             | 2027-06-09      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                | CUSIP: 83368RBQ4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  12800000 | PA      | $12862215.30  | 0.14%             | 2027-01-12      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| SPIRE INC                      | Spire Inc                                                          | CUSIP: 84857LAC5<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |  15173000 | PA      | $15236956.47  | 0.16%             | 2026-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwrit | Stellantis Financial Underwritten Enhanced Lease Trust 2025-B      | CUSIP: 858933AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25025000 | PA      | $25125400.30  | 0.26%             | 2028-05-22      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL            | Synchrony Financial                                                | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |  15357000 | PA      | $15258080.34  | 0.16%             | 2026-08-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                        | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 175000000 | PA      | $174428472.75 | 1.83%             | 2025-10-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                      | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |  37554000 | PA      | $36665905.36  | 0.39%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                   | WP Carey Inc                                                       | CUSIP: 92936UAE9<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |  18333000 | PA      | $18337727.53  | 0.19%             | 2026-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-C34                     | CUSIP: 95000DBC4<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |  14620000 | PA      | $14535337.04  | 0.15%             | 2049-06-15      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-C34                     | CUSIP: 95000DBD2<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |  21343000 | PA      | $21102534.82  | 0.22%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT       | Western Midstream Operating LP                                     | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |  33994000 | PA      | $34023836.19  | 0.36%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC         | Williams Cos Inc/The                                               | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   4583000 | PA      | $4603637.11   | 0.05%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2018-6                                   | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3482913 | PA      | $3458596.46   | 0.04%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2020-MH1                                 | CUSIP: 89178YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5082280 | PA      | $4981872.09   | 0.05%             | 2060-02-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association | US Bank NA                                                         | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2168978 | PA      | $2194214.21   | 0.02%             | 2032-08-25      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-NXS6                    | CUSIP: 95000KBB0<br>LEI: 549300CFP9NBBMZH1008 | Long             | ABS-MBS          | CORP              | US        |  73298000 | PA      | $72277193.41  | 0.76%             | 2049-11-15      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                   | CUSIP: 95000U2F9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   6352000 | PA      | $6307166.38   | 0.07%             | 2027-06-17      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2014-UBS5 Mortgage Trust                                      | CUSIP: 12592KBE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10176429 | PA      | $10023782.60  | 0.11%             | 2047-09-10      | Variable      | 4.19%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2015-CCRE26 Mortgage Trust                                    | CUSIP: 12593QBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    900776 | PA      | $899088.13    | 0.01%             | 2048-10-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-GC36                      | CUSIP: 17324TAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $3229280.28   | 0.03%             | 2049-02-10      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trus | Citizens Auto Receivables Trust 2024-2                             | CUSIP: 17331XAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    716083 | PA      | $716479.79    | 0.01%             | 2026-11-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                           | CUSIP: 21684AAF3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  69656000 | PA      | $69334443.52  | 0.73%             | 2026-07-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2014-GC22                             | CUSIP: 36253BAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1999940 | PA      | $1935295.09   | 0.02%             | 2047-06-10      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                    | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   8764000 | PA      | $8767213.76   | 0.09%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891ABW6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  26887000 | PA      | $26373089.68  | 0.28%             | 2026-06-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP              | ITC Holdings Corp                                                  | CUSIP: 465685AK1<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |  31904000 | PA      | $31662070.37  | 0.33%             | 2026-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JPMCC Commercial Mortgage Securities Trust 2017-JP5                | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8080000 | PA      | $8002154.05   | 0.08%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC            | Silgan Holdings Inc                                                | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |  21516000 | PA      | $21177849.17  | 0.22%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SMURFIT KAPPA TREASURY         | Smurfit Kappa Treasury Funding DAC                                 | CUSIP: 832724AB4<br>LEI: 635400DTNR8KCJUMW380 | Long             | DBT              | CORP              | IE        |  45244000 | PA      | $45355324.22  | 0.48%             | 2025-11-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                             | CUSIP: 853254BZ2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |  22868000 | PA      | $22651696.62  | 0.24%             | 2027-01-14      | Variable      | 1.46%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                   | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |  17625000 | PA      | $17967606.56  | 0.19%             | 2027-09-18      | Variable      | 6.34%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust          | ARI Fleet Lease Trust 2023-A                                       | CUSIP: 00218GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3621320 | PA      | $3626733.65   | 0.04%             | 2032-02-17      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust          | CUSIP: 00774MAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  38481000 | PA      | $38476553.52  | 0.40%             | 2026-04-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                     | CUSIP: 00914AAJ1<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  26875000 | PA      | $26756228.63  | 0.28%             | 2026-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMCOR FINANCE USA INC          | Amcor Finance USA Inc                                              | CUSIP: 02343UAG0<br>LEI: 549300ZMT7FVT8R77U18 | Long             | DBT              | CORP              | US        |   5085000 | PA      | $5060949.07   | 0.05%             | 2026-04-28      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT       | Element Fleet Management Corp                                      | CUSIP: 286181AH5<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   6342000 | PA      | $6424062.25   | 0.07%             | 2026-06-26      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                           | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  30776000 | PA      | $31216484.58  | 0.33%             | 2027-08-07      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                 | AutoNation Inc                                                     | CUSIP: 05329WAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22046000 | PA      | $22046000.00  | 0.23%             | 2025-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                         | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   7518000 | PA      | $7451532.23   | 0.08%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                               | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  94625000 | PA      | $92735204.38  | 0.97%             | 2027-07-22      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Banc of America Commercial Mor | Bank of America Merrill Lynch Commercial Mortgage Trust 2016-UBS10 | CUSIP: 06054MAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15450000 | PA      | $15329176.37  | 0.16%             | 2049-07-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA            | Bank of Nova Scotia/The                                            | CUSIP: 064159HB5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  55305000 | PA      | $55321977.53  | 0.58%             | 2025-12-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                       | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  45425000 | PA      | $45826299.89  | 0.48%             | 2027-05-09      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                       | CUSIP: 06738ECJ2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  20853000 | PA      | $21275451.13  | 0.22%             | 2027-09-13      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trus | Barclays Dryrock Issuance Trust                                    | CUSIP: 06742LAX1<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |  36805000 | PA      | $36928455.01  | 0.39%             | 2029-02-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC           | Bayer US Finance LLC                                               | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   4220000 | PA      | $4292950.17   | 0.05%             | 2026-11-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                     | CUSIP: 09659W2N3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  31422000 | PA      | $31135105.20  | 0.33%             | 2027-01-13      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP         | Boardwalk Pipelines LP                                             | CUSIP: 096630AE8<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   5801000 | PA      | $5837616.43   | 0.06%             | 2026-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                      | Boeing Co/The                                                      | CUSIP: 097023BR5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  12825000 | PA      | $12643463.28  | 0.13%             | 2026-06-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC Trust 2016-NXSR                                               | CUSIP: 12594PAV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2145000 | PA      | $2128325.84   | 0.02%             | 2049-12-15      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2017-C8 Commercial Mortgage Trust                            | CUSIP: 12595BAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4197343 | PA      | $4159219.91   | 0.04%             | 2050-06-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2016-C7 Commercial Mortgage Trust                            | CUSIP: 12637UAW9<br>LEI: 5493006MX7HG5PC85C29 | Long             | ABS-MBS          | CORP              | US        |   1068000 | PA      | $1057614.55   | 0.01%             | 2049-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva | Capital One Prime Auto Receivables Trust 2022-1                    | CUSIP: 14043QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2887073 | PA      | $2880984.17   | 0.03%             | 2027-04-15      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | CarMax Auto Owner Trust 2023-1                                     | CUSIP: 14318DAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  18090243 | PA      | $18128798.38  | 0.19%             | 2027-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2024-3                                     | CUSIP: 14319GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8946501 | PA      | $8969843.14   | 0.09%             | 2027-09-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust          | CUSIP: 00774MAV7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   8650000 | PA      | $8498493.35   | 0.09%             | 2026-10-29      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                     | CUSIP: 00914AAB8<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  22162000 | PA      | $22043933.27  | 0.23%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd                                                      | CUSIP: 00928QAS0<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |  17936000 | PA      | $17917492.74  | 0.19%             | 2026-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE         | Alliant Energy Finance LLC                                         | CUSIP: 01882YAC0<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   6868000 | PA      | $6768069.57   | 0.07%             | 2026-03-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                    | Ameren Corp                                                        | CUSIP: 023608AG7<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |   3095000 | PA      | $3085066.44   | 0.03%             | 2026-02-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust          | Arroyo Mortgage Trust 2019-2                                       | CUSIP: 042858AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4371400 | PA      | $4254386.42   | 0.04%             | 2049-04-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD       | Avolon Holdings Funding Ltd                                        | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   5842000 | PA      | $5781833.01   | 0.06%             | 2026-02-21      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                            | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1306000 | PA      | $1335532.21   | 0.01%             | 2027-10-19      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                            | CUSIP: 05583JAN2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  15335000 | PA      | $15392496.28  | 0.16%             | 2027-01-18      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP          | Bank of Ireland Group PLC                                          | CUSIP: 06279JAB5<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |  29475000 | PA      | $28805270.82  | 0.30%             | 2027-09-30      | Variable      | 2.03%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                                   | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |  59899000 | PA      | $59382970.12  | 0.62%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| BROADRIDGE FINANCIAL SOL       | Broadridge Financial Solutions Inc                                 | CUSIP: 11133TAC7<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | DBT              | CORP              | US        |  35258000 | PA      | $35050045.50  | 0.37%             | 2026-06-27      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP         | Bunge Ltd Finance Corp                                             | CUSIP: 120568BL3<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2470525.13   | 0.03%             | 2026-04-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                         | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18165000 | PA      | $17820336.56  | 0.19%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus | CFCRE Commercial Mortgage Trust 2016-C6                            | CUSIP: 12532AAZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15190000 | PA      | $14986640.84  | 0.16%             | 2049-11-10      | Variable      | 3.22%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                | CMS Energy Corp                                                    | CUSIP: 125896BQ2<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |  10092000 | PA      | $10011726.01  | 0.11%             | 2026-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC         | CNH Industrial Capital LLC                                         | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |  63399000 | PA      | $62040545.82  | 0.65%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                         | CUSIP: 14040HCH6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  20896000 | PA      | $20360469.37  | 0.21%             | 2027-11-02      | Variable      | 1.88%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                 | CUSIP: 205887CJ9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  19603000 | PA      | $19802415.05  | 0.21%             | 2026-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note T | Discover Card Execution Note Trust                                 | CUSIP: 254683CY9<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |  25004000 | PA      | $25031296.87  | 0.26%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-P3                        | CUSIP: 29429CAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28550478 | PA      | $28317077.84  | 0.30%             | 2049-04-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                           | CUSIP: 33938XAC9<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |  40680000 | PA      | $40526653.49  | 0.43%             | 2026-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2021-REV2                             | CUSIP: 345285AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13738000 | PA      | $13367065.76  | 0.14%             | 2034-05-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                           | CUSIP: 345397XU2<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  20174000 | PA      | $20166588.27  | 0.21%             | 2026-01-08      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                          | CUSIP: 361448AY9<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |   5795000 | PA      | $5750009.47   | 0.06%             | 2026-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC              | GXO Logistics Inc                                                  | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |  72258000 | PA      | $70746916.86  | 0.74%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                    | CUSIP: 37045XBG0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4256946.88   | 0.04%             | 2026-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                    | CUSIP: 37045XDD5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4958635.25   | 0.05%             | 2026-01-08      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                    | CUSIP: 37045XDK9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  26261000 | PA      | $25767487.79  | 0.27%             | 2026-06-10      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                            | CUSIP: 404119BS7<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   9475000 | PA      | $9487220.86   | 0.10%             | 2026-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                            | CUSIP: 40412BXG3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |  22025000 | PA      | $21979795.89  | 0.23%             | 2025-10-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2023-4 Owner Trust                          | CUSIP: 438123AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4026286 | PA      | $4073923.38   | 0.04%             | 2028-06-21      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                   | ING Groep NV                                                       | CUSIP: 456837AV5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  16300000 | PA      | $16089826.33  | 0.17%             | 2027-04-01      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C32                | CUSIP: 46590JAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18159633 | PA      | $18014356.03  | 0.19%             | 2048-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2015-JP1      | CUSIP: 46590KAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10601751 | PA      | $10544940.44  | 0.11%             | 2049-01-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu | JPMDB Commercial Mortgage Securities Trust 2016-C2                 | CUSIP: 46590LAT9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23885000 | PA      | $23610465.81  | 0.25%             | 2049-06-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C27                | CUSIP: 46644ABF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148077 | PA      | $144377.76    | 0.00%             | 2048-02-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C33                | CUSIP: 46645JAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28738072 | PA      | $28672052.53  | 0.30%             | 2048-12-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2016-C1                 | CUSIP: 46645LAY3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15656445 | PA      | $15596908.24  | 0.16%             | 2049-03-17      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL       | Jackson National Life Global Funding                               | CUSIP: 46849LUZ2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   8105000 | PA      | $8163632.70   | 0.09%             | 2026-04-10      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| JERSEY CENTRAL PWR & LT        | Jersey Central Power & Light Co                                    | CUSIP: 476556DC6<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |    810000 | PA      | $809919.94    | 0.01%             | 2026-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust      | Kubota Credit Owner Trust 2024-1                                   | CUSIP: 50117BAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9165054 | PA      | $9185985.88   | 0.10%             | 2027-01-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| M&T Equipment Notes            | M&T Equipment 2024-LEAF1 Notes                                     | CUSIP: 55376YAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12817680 | PA      | $12861167.85  | 0.14%             | 2031-08-18      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES | Mercedes-Benz Auto Receivables Trust 2024-1                        | CUSIP: 587918AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  42525000 | PA      | $42813791.53  | 0.45%             | 2029-04-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                                 | CUSIP: 69335PET8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25306000 | PA      | $25479791.49  | 0.27%             | 2028-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SG Commercial Mortgage Securit | SG Commercial Mortgage Securities Trust 2016-C5                    | CUSIP: 78419CAD6<br>LEI: 549300SZQW4U3UN4A157 | Long             | ABS-MBS          | CORP              | US        |  21518421 | PA      | $21190867.60  | 0.22%             | 2048-10-10      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   3100000 | PA      | $3141479.05   | 0.03%             | 2028-01-19      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO             | Sonoco Products Co                                                 | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |  13435000 | PA      | $13453484.95  | 0.14%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER               | Triton Container International Ltd                                 | CUSIP: 89680YAA3<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |  42140000 | PA      | $41609793.68  | 0.44%             | 2026-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G | Central Plains Energy Project                                      | CUSIP: 154872AZ8<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1154632.78   | 0.01%             | 2026-08-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust   | Dell Equipment Finance Trust 2023-1                                | CUSIP: 24702HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8386493 | PA      | $8398978.25   | 0.09%             | 2028-09-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                   | CUSIP: 91282CKH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 325000000 | PA      | $326041014.00 | 3.43%             | 2026-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                     | VMware LLC                                                         | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |  22311000 | PA      | $21815046.10  | 0.23%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust   | Dell Equipment Finance Trust 2024-2                                | CUSIP: 24704EAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6169952 | PA      | $6182413.23   | 0.06%             | 2030-08-22      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                       | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   4677000 | PA      | $4777097.01   | 0.05%             | 2027-07-13      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                            | CUSIP: 928668BV3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  38187000 | PA      | $38682577.90  | 0.41%             | 2026-09-12      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-C35                     | CUSIP: 95000FAT3<br>LEI: 549300MZIB10PDVAE312 | Long             | ABS-MBS          | CORP              | US        |    658300 | PA      | $649804.51    | 0.01%             | 2048-07-15      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD            | Macquarie Group Ltd                                                | CUSIP: 55607PAF2<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  18401000 | PA      | $17933034.60  | 0.19%             | 2027-09-23      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2017-H1                             | CUSIP: 61691JAU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5150000 | PA      | $5072084.62   | 0.05%             | 2050-06-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2016-UBS9                           | CUSIP: 61766CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4330000 | PA      | $4307887.12   | 0.05%             | 2049-03-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C29        | CUSIP: 61766EBE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5501050 | PA      | $5460074.33   | 0.06%             | 2049-05-15      | Fixed         | 3.33%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                 | Capital One NA                                                     | CUSIP: 25466AAJ0<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |   9832000 | PA      | $9773154.40   | 0.10%             | 2026-07-27      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY              | Eversource Energy                                                  | CUSIP: 30040WAV0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |  14239000 | PA      | $14280906.09  | 0.15%             | 2026-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                        | CUSIP: 63859WAE9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |  46248000 | PA      | $46135161.82  | 0.48%             | 2026-09-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP         | Old Republic International Corp                                    | CUSIP: 680223AK0<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |  43316000 | PA      | $43154196.11  | 0.45%             | 2026-08-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                | CUSIP: 83368RAZ5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  36142000 | PA      | $35917731.30  | 0.38%             | 2026-12-14      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                   | Vontier Corp                                                       | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |  68581000 | PA      | $67633638.53  | 0.71%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-C36                     | CUSIP: 95000MBP5<br>LEI: 549300BSYX29G4VVM177 | Long             | ABS-MBS          | CORP              | US        |   2134000 | PA      | $2102877.53   | 0.02%             | 2059-11-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP         | Extra Space Storage LP                                             | CUSIP: 30225VAL1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |  41832000 | PA      | $41637812.51  | 0.44%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| First National Master Note Tru | First National Master Note Trust                                   | CUSIP: 32113CBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  28377000 | PA      | $28847862.40  | 0.30%             | 2029-09-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY CORP               | FirstEnergy Corp                                                   | CUSIP: 337932AN7<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  11612000 | PA      | $11510475.24  | 0.12%             | 2026-01-15      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| FMC CORP                       | FMC Corp                                                           | CUSIP: 34410WXQ0<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | STIV             | CORP              | US        |  31500000 | PA      | $31396468.95  | 0.33%             | 2025-10-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master O | Ford Credit Floorplan Master Owner Trust A                         | CUSIP: 34528QHV9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  71656000 | PA      | $71991579.38  | 0.76%             | 2028-05-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2021-REV1                             | CUSIP: 345340AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  64783000 | PA      | $63813593.67  | 0.67%             | 2033-10-17      | Fixed         | 1.37%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                           | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   9125000 | PA      | $9197657.08   | 0.10%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                           | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  21897000 | PA      | $22181650.71  | 0.23%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies Inc                                     | CUSIP: 36267VAD5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |  19700000 | PA      | $19708806.10  | 0.21%             | 2025-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                    | CUSIP: 37045XBQ8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2277000 | PA      | $2271996.79   | 0.02%             | 2026-10-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN       | Graphic Packaging International LLC                                | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |  12761000 | PA      | $12552988.17  | 0.13%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB | GreatAmerica Leasing Receivables Funding LLC Series 2024-2         | CUSIP: 39154GAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8517385 | PA      | $8563178.76   | 0.09%             | 2027-03-15      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM NATURAL GAS         | Gulfstream Natural Gas System LLC                                  | CUSIP: 402740AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15148000 | PA      | $15161980.70  | 0.16%             | 2025-11-01      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                           | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  14173000 | PA      | $14160888.18  | 0.15%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| General Motors                 | GMF Floorplan Owner Revolving Trust                                | CUSIP: 361886CR3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  56374000 | PA      | $56857277.39  | 0.60%             | 2028-06-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                    | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  14675000 | PA      | $14755835.92  | 0.16%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GEN LUX SARL/GEN USA INC       | Genpact Luxembourg SARL/Genpact USA Inc                            | CUSIP: 37190AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |  19669000 | PA      | $19384721.39  | 0.20%             | 2026-04-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC           | Glencore Funding LLC                                               | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  43450000 | PA      | $42788695.35  | 0.45%             | 2026-04-27      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Tru | Harley-Davidson Motorcycle Trust 2024-B                            | CUSIP: 41284PAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7775202 | PA      | $7781252.56   | 0.08%             | 2027-08-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HUBBELL INC                    | Hubbell Inc                                                        | CUSIP: 443510AG7<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |   6627000 | PA      | $6597931.39   | 0.07%             | 2026-03-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Huntington Auto Trust          | Huntington Auto Trust 2024-1                                       | CUSIP: 446144AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    690471 | PA      | $690736.09    | 0.01%             | 2027-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                            | CUSIP: 44891ABN6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997906.00   | 0.02%             | 2025-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                   | Illumina Inc                                                       | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |  17159000 | PA      | $17182019.66  | 0.18%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP3      | CUSIP: 46590RAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3291150 | PA      | $3238645.95   | 0.03%             | 2049-08-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2014-C24                | CUSIP: 46643GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1855914 | PA      | $1820237.68   | 0.02%             | 2047-11-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                            | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |  28013000 | PA      | $27719264.65  | 0.29%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MATTEL INC                     | Mattel Inc                                                         | CUSIP: 577081BE1<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |  22637000 | PA      | $22474497.58  | 0.24%             | 2026-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MIZUHO FINANCIAL GROUP         | Mizuho Financial Group Inc                                         | CUSIP: 60687YAA7<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   1930000 | PA      | $1929798.57   | 0.02%             | 2025-10-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C27        | CUSIP: 61690AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    631067 | PA      | $629850.95    | 0.01%             | 2047-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22        | CUSIP: 61690FAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    860591 | PA      | $845539.46    | 0.01%             | 2048-04-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C26        | CUSIP: 61690VAZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214307 | PA      | $213898.71    | 0.00%             | 2048-10-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28        | CUSIP: 61766LBS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  66816000 | PA      | $66554515.58  | 0.70%             | 2049-01-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30        | CUSIP: 61766NBB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6699000 | PA      | $6586103.76   | 0.07%             | 2049-09-15      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31        | CUSIP: 61766RAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4270000 | PA      | $4207059.77   | 0.04%             | 2049-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB           | Utah Acquisition Sub Inc                                           | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |  68752000 | PA      | $68441463.03  | 0.72%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Nissan Master Owner Trust Rece | Nissan Master Owner Trust Receivables                              | CUSIP: 65479VAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  40775000 | PA      | $41295872.08  | 0.43%             | 2029-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner  | Nissan Auto Receivables 2025-A Owner Trust                         | CUSIP: 65481GAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  22275000 | PA      | $22370051.88  | 0.24%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                        | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  70213000 | PA      | $69389107.32  | 0.73%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                                 | CUSIP: 69335PEY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3804479.63   | 0.04%             | 2028-10-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                      | CUSIP: 709599BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2491000 | PA      | $2490251.65   | 0.03%             | 2026-01-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC       | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13173000 | PA      | $12903337.23  | 0.14%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                        | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  34641000 | PA      | $34785557.59  | 0.37%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2017-6                                   | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4134516 | PA      | $4070029.26   | 0.04%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  16511000 | PA      | $16529284.61  | 0.17%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP          | Truist Financial Corp                                              | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  28013000 | PA      | $28338087.78  | 0.30%             | 2027-06-08      | Variable      | 6.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                       | CUSIP: 902613AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  38030000 | PA      | $37645794.32  | 0.40%             | 2027-01-30      | Variable      | 1.36%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                   | CUSIP: 91282CBH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 171500000 | PA      | $169458748.69 | 1.78%             | 2026-01-31      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                              | CUSIP: 92564RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  44852000 | PA      | $44680590.91  | 0.47%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                            | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2667354.51   | 0.03%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2015-C31                     | CUSIP: 94989WAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9126593 | PA      | $9108198.65   | 0.10%             | 2048-11-15      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2015-P2                      | CUSIP: 95000AAU1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    563766 | PA      | $562308.84    | 0.01%             | 2048-12-15      | Fixed         | 3.81%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-23

**Name of Applicant:** Baird Funds Inc

**Signature:** Baird Funds Inc

**Name of Signer:** Peter Hammond

**Title:** Vice President