# EDGAR Filing Document

**Accession Number:** 0001605283
**File Stem:** 0001752724-25-181680
**Filing Date:** 2025-7
**Character Count:** 138021
**Document Hash:** 360bf99052a1366a3bd026467b9c1255
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181680.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181680

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Invesco Management Trust
- **CENTRAL INDEX KEY:** 0001605283

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22957
- **FILM NUMBER:** 251158783

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 713-626-1919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

## Series and Classes Contracts Data

### Invesco Conservative Income Fund (Series ID: S000045836)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000142880 | Institutional Class | ICIFX           |
| C000199848 | Class A             | ICIVX           |
| C000217951 | Class R6            | ICIRX           |
| C000217952 | Class Y             | ICIYX           |

## Nport-Ex

**Schedule of Investments**<sup>(a)</sup> 

*May 31, 2025*

*(Unaudited)* 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **U.S. Dollar Denominated Bonds & Notes-67.00%** |  |  |  |  |
| **Agricultural & Farm Machinery-1.13%** | **Agricultural & Farm Machinery-1.13%** | **Agricultural & Farm Machinery-1.13%** | **Agricultural & Farm Machinery-1.13%** | **Agricultural & Farm Machinery-1.13%** |
| John Deere Capital Corp. (SOFR + 0.44%)<sup>(b)</sup> <br>| 4.79% | 03/06/2026 | $10000 | &nbsp;&nbsp; $10018030 |
| John Deere Capital Corp. (SOFR + 0.50%)<sup>(b)</sup> <br>| 4.85% | 03/06/2028 | 10000 | &nbsp;&nbsp; 9982106 |
|  |  |  |  | &nbsp;&nbsp; 20000136 |
| **Agricultural Products & Services-0.57%** | **Agricultural Products & Services-0.57%** | **Agricultural Products & Services-0.57%** | **Agricultural Products & Services-0.57%** | **Agricultural Products & Services-0.57%** |
| Cargill, Inc. (SOFR + 0.61%)<sup>(b)(c)</sup> <br>| 4.95% | 02/11/2028 | 10000 | &nbsp;&nbsp; 10007923 |
| **Application Software-0.14%** | **Application Software-0.14%** | **Application Software-0.14%** | **Application Software-0.14%** | **Application Software-0.14%** |
| Synopsys, Inc. | 4.55% | 04/01/2027 | 2500 | &nbsp;&nbsp; 2504542 |
| **Asset Management & Custody Banks-2.48%** | **Asset Management & Custody Banks-2.48%** | **Asset Management & Custody Banks-2.48%** | **Asset Management & Custody Banks-2.48%** | **Asset Management & Custody Banks-2.48%** |
| Blue Owl Capital Corp. | 4.25% | 01/15/2026 | 10000 | &nbsp;&nbsp; 9942908 |
| Mizuho Markets Cayman L.P. (Japan) (SOFR + 1.10%)<sup>(b)(c)</sup> <br>| 5.44% | 11/21/2025 | 15000 | &nbsp;&nbsp; 15050956 |
| State Street Corp.<sup>(d)</sup> <br>| 4.54% | 04/24/2028 | 1432 | &nbsp;&nbsp; 1435721 |
| State Street Corp. (SOFR + 0.64%)<sup>(b)</sup> <br>| 4.98% | 10/22/2027 | 2857 | &nbsp;&nbsp; 2854621 |
| State Street Corp. (SOFR + 0.85%)<sup>(b)</sup> <br>| 5.18% | 08/03/2026 | 14458 | &nbsp;&nbsp; 14520297 |
|  |  |  |  | &nbsp;&nbsp; 43804503 |
| **Automobile Manufacturers-4.50%** | **Automobile Manufacturers-4.50%** | **Automobile Manufacturers-4.50%** | **Automobile Manufacturers-4.50%** | **Automobile Manufacturers-4.50%** |
| American Honda Finance Corp. (SOFR + 0.72%)<sup>(b)</sup> <br>| 5.06% | 10/05/2026 | 15000 | &nbsp;&nbsp; 15027412 |
| American Honda Finance Corp. (SOFR + 0.82%)<sup>(b)</sup> <br>| 5.16% | 03/03/2028 | 10000 | &nbsp;&nbsp; 10004149 |
| Daimler Truck Finance North America LLC (Germany)<sup>(c)</sup> <br>| 5.13% | 09/25/2027 | 5905 | &nbsp;&nbsp; 5964892 |
| Daimler Truck Finance North America LLC (Germany)<sup>(c)</sup> <br>| 5.60% | 08/08/2025 | 6450 | &nbsp;&nbsp; 6458435 |
| Mercedes-Benz Finance North America LLC (Germany)<sup>(c)</sup> <br>| 4.80% | 03/30/2026 | 11104 | &nbsp;&nbsp; 11128849 |
| Mercedes-Benz Finance North America LLC (Germany) (SOFR + 0.57%)<sup>(b)(c)</sup> <br>| 4.91% | 08/01/2025 | 10000 | &nbsp;&nbsp; 10002439 |
| Volkswagen Group of America Finance LLC (Germany)<sup>(c)</sup> <br>| 3.95% | 06/06/2025 | 1000 | &nbsp;&nbsp; 999897 |
| Volkswagen Group of America Finance LLC (Germany) (SOFR + 0.83%)<sup>(b)(c)</sup> <br>| 5.18% | 03/20/2026 | 10000 | &nbsp;&nbsp; 10015377 |
| Volkswagen Group of America Finance LLC (Germany)<sup>(c)</sup> <br>| 6.00% | 11/16/2026 | 9785 | &nbsp;&nbsp; 9921640 |
|  |  |  |  | &nbsp;&nbsp; 79523090 |
| **Automotive Retail-0.61%** | **Automotive Retail-0.61%** | **Automotive Retail-0.61%** | **Automotive Retail-0.61%** | **Automotive Retail-0.61%** |
| BMW US Capital LLC (Germany) (SOFR + 0.80%)<sup>(b)(c)</sup> <br>| 5.14% | 08/13/2026 | 10811 | &nbsp;&nbsp; 10850507 |
| **Broadline Retail-0.25%** | **Broadline Retail-0.25%** | **Broadline Retail-0.25%** | **Broadline Retail-0.25%** | **Broadline Retail-0.25%** |
| eBay, Inc. | 1.40% | 05/10/2026 | 4500 | &nbsp;&nbsp; 4370316 |
| **Commercial & Residential Mortgage Finance-0.11%** | **Commercial & Residential Mortgage Finance-0.11%** | **Commercial & Residential Mortgage Finance-0.11%** | **Commercial & Residential Mortgage Finance-0.11%** | **Commercial & Residential Mortgage Finance-0.11%** |
| Aviation Capital Group LLC<sup>(c)</sup> <br>| 4.75% | 04/14/2027 | 1936 | &nbsp;&nbsp; 1929419 |
| **Consumer Finance-3.25%** | **Consumer Finance-3.25%** | **Consumer Finance-3.25%** | **Consumer Finance-3.25%** | **Consumer Finance-3.25%** |
| American Express Co. (SOFR + 1.35%)<sup>(b)</sup> <br>| 5.69% | 10/30/2026 | 15000 | &nbsp;&nbsp; 15066114 |
| Capital One Financial Corp. | 3.75% | 03/09/2027 | 6081 | &nbsp;&nbsp; 6006071 |
| General Motors Financial Co., Inc. | 5.00% | 07/15/2027 | 3333 | &nbsp;&nbsp; 3336868 |
| General Motors Financial Co., Inc. (SOFR + 1.17%)<sup>(b)</sup> <br>| 5.53% | 04/04/2028 | 10000 | &nbsp;&nbsp; 9877271 |
| Toyota Motor Credit Corp. (SOFR + 0.65%)<sup>(b)</sup> <br>| 4.99% | 01/05/2026 | 15000 | &nbsp;&nbsp; 15026315 |
| Toyota Motor Credit Corp. | 5.40% | 11/20/2026 | 8000 | &nbsp;&nbsp; 8125699 |
|  |  |  |  | &nbsp;&nbsp; 57438338 |
| **Diversified Banks-27.06%** | **Diversified Banks-27.06%** | **Diversified Banks-27.06%** | **Diversified Banks-27.06%** | **Diversified Banks-27.06%** |
| Australia and New Zealand Banking Group Ltd. (Australia) (SOFR + 0.81%)<sup>(b)(c)</sup> <br>| 5.15% | 01/18/2027 | 14000 | &nbsp;&nbsp; 14104502 |
| Bank of America N.A. | 5.53% | 08/18/2026 | 15000 | &nbsp;&nbsp; 15195968 |
| Bank of Montreal (Canada) (SOFR + 0.76%)<sup>(b)</sup> <br>| 5.10% | 06/04/2027 | 10000 | &nbsp;&nbsp; 10012586 |
| Bank of Montreal (Canada) (SOFR + 0.95%)<sup>(b)</sup> <br>| 5.30% | 09/25/2025 | 15000 | &nbsp;&nbsp; 15031296 |
| Bank of New York Mellon (The) (SOFR + 0.71%)<sup>(b)</sup> <br>| 5.05% | 04/20/2027 | 3311 | &nbsp;&nbsp; 3320906 |
| Bank of Nova Scotia (The) (Canada) (SOFR + 1.09%)<sup>(b)</sup> <br>| 5.44% | 06/12/2025 | 20000 | &nbsp;&nbsp; 20006424 |
| Barclays Bank PLC (United Kingdom) (SOFR + 0.58%)<sup>(b)</sup> <br>| 4.92% | 08/14/2026 | 12000 | &nbsp;&nbsp; 11946743 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Diversified Banks-(continued)** | **Diversified Banks-(continued)** | **Diversified Banks-(continued)** | **Diversified Banks-(continued)** | **Diversified Banks-(continued)** |
| Canadian Imperial Bank of Commerce (Canada) (SOFR + 0.93%)<sup>(b)</sup> <br>| 5.28% | 09/11/2027 | $10000 | &nbsp;&nbsp; $10020534 |
| Canadian Imperial Bank of Commerce (Canada) (SOFR + 1.22%)<sup>(b)</sup> <br>| 5.57% | 10/02/2026 | 15000 | &nbsp;&nbsp; 15096372 |
| Citigroup, Inc.<sup>(d)</sup> <br>| 4.64% | 05/07/2028 | 10000 | &nbsp;&nbsp; 9986227 |
| Commonwealth Bank of Australia (Australia) (SOFR + 0.75%)<sup>(b)(c)</sup> <br>| 5.10% | 03/13/2026 | 14512 | &nbsp;&nbsp; 14558571 |
| Cooperatieve Rabobank U.A. (SOFR + 0.59%)<sup>(b)</sup> <br>| 4.93% | 05/27/2027 | 8571 | &nbsp;&nbsp; 8581751 |
| Cooperatieve Rabobank U.A. (Netherlands) (SOFR + 0.62%)<sup>(b)</sup> <br>| 4.96% | 08/28/2026 | 8035 | &nbsp;&nbsp; 8062257 |
| Fifth Third Bank N.A. | 3.95% | 07/28/2025 | 10000 | &nbsp;&nbsp; 9990445 |
| Fifth Third Bank N.A. (SOFR + 0.81%)<sup>(b)</sup> <br>| 5.15% | 01/28/2028 | 5300 | &nbsp;&nbsp; 5297669 |
| Goldman Sachs Bank USA<sup>(d)</sup> <br>| 4.65% | 03/07/2027 | 10000 | &nbsp;&nbsp; 10176414 |
| HSBC USA, Inc. (SOFR + 0.97%)<sup>(b)</sup> <br>| 5.31% | 06/03/2028 | 6522 | &nbsp;&nbsp; 6532438 |
| Huntington National Bank (The) (SOFR + 0.72%)<sup>(b)</sup> <br>| 5.06% | 04/12/2028 | 6897 | &nbsp;&nbsp; 6883356 |
| ING Groep N.V. (Netherlands) (SOFR + 1.56%)<sup>(b)</sup> <br>| 5.91% | 09/11/2027 | 10000 | &nbsp;&nbsp; 10089545 |
| JPMorgan Chase Bank N.A. | 5.11% | 12/08/2026 | 7589 | &nbsp;&nbsp; 7676877 |
| Morgan Stanley Bank N.A. (SOFR + 0.69%)<sup>(b)</sup> <br>| 5.03% | 10/15/2027 | 10000 | &nbsp;&nbsp; 10004961 |
| Morgan Stanley Bank N.A. (SOFR + 0.78%)<sup>(b)</sup> <br>| 5.12% | 07/16/2025 | 13514 | &nbsp;&nbsp; 13517545 |
| National Australia Bank Ltd. (Australia) | 4.97% | 01/12/2026 | 13334 | &nbsp;&nbsp; 13389360 |
| National Bank of Canada (Canada) (SOFR + 0.80%)<sup>(b)</sup> <br>| 5.14% | 08/20/2026 | 10000 | &nbsp;&nbsp; 9992613 |
| National Bank of Canada (Canada) (SOFR + 1.03%)<sup>(b)</sup> <br>| 5.38% | 07/02/2027 | 5797 | &nbsp;&nbsp; 5810689 |
| Nordea Bank Abp (Finland)<sup>(c)</sup> <br>| 4.38% | 03/17/2028 | 5000 | &nbsp;&nbsp; 5014797 |
| Nordea Bank Abp (Finland) (SOFR + 0.74%)<sup>(b)(c)</sup> <br>| 5.09% | 03/19/2027 | 14286 | &nbsp;&nbsp; 14352262 |
| PNC Bank, N.A.<sup>(d)</sup> <br>| 4.54% | 05/13/2027 | 6977 | &nbsp;&nbsp; 6978710 |
| PNC Financial Services Group, Inc. (The)<sup>(d)</sup> <br>| 5.81% | 06/12/2026 | 10000 | &nbsp;&nbsp; 10002068 |
| Royal Bank of Canada (Canada) (SOFR + 0.95%)<sup>(b)</sup> <br>| 5.29% | 01/19/2027 | 16667 | &nbsp;&nbsp; 16791137 |
| Societe Generale S.A. (France)<sup>(c)(d)</sup> <br>| 1.49% | 12/14/2026 | 10437 | &nbsp;&nbsp; 10242475 |
| Sumitomo Mitsui Trust Bank Ltd. (Japan)<sup>(c)</sup> <br>| 5.20% | 03/07/2027 | 6557 | &nbsp;&nbsp; 6640482 |
| Sumitomo Mitsui Trust Bank Ltd. (Japan)<sup>(c)</sup> <br>| 5.65% | 09/14/2026 | 4349 | &nbsp;&nbsp; 4411592 |
| Svenska Handelsbanken AB (Sweden) (SOFR + 0.74%)<sup>(b)(c)</sup> <br>| 5.08% | 05/23/2028 | 6522 | &nbsp;&nbsp; 6537028 |
| Swedbank AB (Sweden) (SOFR + 1.38%)<sup>(b)(c)</sup> <br>| 5.73% | 06/15/2026 | 15000 | &nbsp;&nbsp; 15157485 |
| Swedbank AB (Sweden)<sup>(c)</sup> <br>| 6.14% | 09/12/2026 | 8130 | &nbsp;&nbsp; 8297727 |
| Toronto-Dominion Bank (The) (Canada) (SOFR + 0.82%)<sup>(b)</sup> <br>| 5.16% | 01/31/2028 | 8791 | &nbsp;&nbsp; 8803272 |
| Toronto-Dominion Bank (The) (Canada) (SOFR + 0.91%)<sup>(b)</sup> <br>| 5.25% | 06/02/2028 | 10000 | &nbsp;&nbsp; 10007007 |
| Toronto-Dominion Bank (The) (Canada) (SOFR + 1.00%)<sup>(b)</sup> <br>| 5.34% | 10/20/2026 | 9800 | &nbsp;&nbsp; 9801954 |
| Toronto-Dominion Bank (The) (Canada) (SOFR + 1.08%)<sup>(b)</sup> <br>| 5.42% | 07/17/2026 | 13050 | &nbsp;&nbsp; 13132791 |
| U.S. Bank N.A. (SOFR + 0.69%)<sup>(b)</sup> <br>| 5.03% | 10/22/2027 | 10000 | &nbsp;&nbsp; 9997965 |
| U.S. Bank N.A. (SOFR + 0.91%)<sup>(b)</sup> <br>| 5.25% | 05/15/2028 | 10000 | &nbsp;&nbsp; 10020627 |
| UBS AG (Switzerland)<sup>(d)</sup> <br>| 4.86% | 01/10/2028 | 5608 | &nbsp;&nbsp; 5638183 |
| UBS AG (Switzerland) | 5.80% | 09/11/2025 | 14927 | &nbsp;&nbsp; 14977015 |
| Wells Fargo & Co. (SOFR + 0.78%)<sup>(b)</sup> <br>| 5.12% | 01/24/2028 | 7461 | &nbsp;&nbsp; 7434307 |
| Wells Fargo Bank N.A. (SOFR + 0.71%)<sup>(b)</sup> <br>| 5.05% | 01/15/2026 | 6400 | &nbsp;&nbsp; 6411527 |
| Wells Fargo Bank N.A. (SOFR + 0.80%)<sup>(b)</sup> <br>| 5.14% | 08/01/2025 | 12000 | &nbsp;&nbsp; 12005768 |
|  |  |  |  | &nbsp;&nbsp; 477942228 |
| **Diversified Metals & Mining-1.73%** | **Diversified Metals & Mining-1.73%** | **Diversified Metals & Mining-1.73%** | **Diversified Metals & Mining-1.73%** | **Diversified Metals & Mining-1.73%** |
| BHP Billiton Finance (USA) Ltd. (Australia) | 5.25% | 09/08/2026 | 14815 | &nbsp;&nbsp; 14981584 |
| Glencore Funding LLC (Australia) (SOFR + 0.75%)<sup>(b)(c)</sup> <br>| 5.10% | 10/01/2026 | 5357 | &nbsp;&nbsp; 5361467 |
| Glencore Funding LLC (Australia) (SOFR + 1.06%)<sup>(b)(c)</sup> <br>| 5.41% | 04/04/2027 | 8522 | &nbsp;&nbsp; 8551420 |
| Rio Tinto Finance (USA) PLC (Australia) | 4.38% | 03/12/2027 | 1741 | &nbsp;&nbsp; 1746366 |
|  |  |  |  | &nbsp;&nbsp; 30640837 |
| **Electric Utilities-1.10%** | **Electric Utilities-1.10%** | **Electric Utilities-1.10%** | **Electric Utilities-1.10%** | **Electric Utilities-1.10%** |
| NextEra Energy Capital Holdings, Inc. (SOFR + 0.76%)<sup>(b)</sup> <br>| 5.10% | 01/29/2026 | 11456 | &nbsp;&nbsp; 11488777 |
| NextEra Energy Capital Holdings, Inc. (SOFR + 0.80%)<sup>(b)</sup> <br>| 5.14% | 02/04/2028 | 7330 | &nbsp;&nbsp; 7344355 |
| Pinnacle West Capital Corp. | 4.90% | 05/15/2028 | 649 | &nbsp;&nbsp; 654188 |
|  |  |  |  | &nbsp;&nbsp; 19487320 |
| **Fertilizers & Agricultural Chemicals-0.34%** | **Fertilizers & Agricultural Chemicals-0.34%** | **Fertilizers & Agricultural Chemicals-0.34%** | **Fertilizers & Agricultural Chemicals-0.34%** | **Fertilizers & Agricultural Chemicals-0.34%** |
| Nutrien Ltd. (Canada) | 4.50% | 03/12/2027 | 5970 | &nbsp;&nbsp; 5966609 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Home Improvement Retail-0.64%** | **Home Improvement Retail-0.64%** | **Home Improvement Retail-0.64%** | **Home Improvement Retail-0.64%** | **Home Improvement Retail-0.64%** |
| Home Depot, Inc. (The) | 5.15% | 06/25/2026 | $4504 | &nbsp;&nbsp; $4546907 |
| Lowe's Cos., Inc. | 4.80% | 04/01/2026 | 6766 | &nbsp;&nbsp; 6780026 |
|  |  |  |  | &nbsp;&nbsp; 11326933 |
| **Integrated Oil & Gas-0.37%** | **Integrated Oil & Gas-0.37%** | **Integrated Oil & Gas-0.37%** | **Integrated Oil & Gas-0.37%** | **Integrated Oil & Gas-0.37%** |
| Chevron USA, Inc. (SOFR + 0.36%)<sup>(b)</sup> <br>| 4.70% | 02/26/2027 | 6465 | &nbsp;&nbsp; 6467598 |
| **Investment Banking & Brokerage-2.11%** | **Investment Banking & Brokerage-2.11%** | **Investment Banking & Brokerage-2.11%** | **Investment Banking & Brokerage-2.11%** | **Investment Banking & Brokerage-2.11%** |
| Goldman Sachs Group, Inc. (The)<sup>(d)</sup> <br>| 4.94% | 04/23/2028 | 5129 | &nbsp;&nbsp; 5156506 |
| Goldman Sachs Group, Inc. (The) (SOFR + 1.07%)<sup>(b)</sup> <br>| 5.40% | 08/10/2026 | 12000 | &nbsp;&nbsp; 12016828 |
| Jefferies Financial Group, Inc. | 5.00% | 02/10/2026 | 9130 | &nbsp;&nbsp; 9130202 |
| Jefferies Financial Group, Inc. | 5.03% | 03/16/2026 | 10929 | &nbsp;&nbsp; 10942873 |
|  |  |  |  | &nbsp;&nbsp; 37246409 |
| **Life & Health Insurance-12.72%** | **Life & Health Insurance-12.72%** | **Life & Health Insurance-12.72%** | **Life & Health Insurance-12.72%** | **Life & Health Insurance-12.72%** |
| Athene Global Funding (SOFR + 1.03%)<sup>(b)(c)</sup> <br>| 5.37% | 08/27/2026 | 10000 | &nbsp;&nbsp; 10021596 |
| Athene Global Funding (SOFR + 1.21%)<sup>(b)(c)</sup> <br>| 5.56% | 03/25/2027 | 12000 | &nbsp;&nbsp; 12090408 |
| Athene Global Funding<sup>(c)</sup> <br>| 5.62% | 05/08/2026 | 12000 | &nbsp;&nbsp; 12106623 |
| Brighthouse Financial Global Funding<sup>(c)</sup> <br>| 5.55% | 04/09/2027 | 8150 | &nbsp;&nbsp; 8257909 |
| CNO Global Funding<sup>(c)</sup> <br>| 4.88% | 12/10/2027 | 4918 | &nbsp;&nbsp; 4933379 |
| Corebridge Global Funding (SOFR + 0.75%)<sup>(b)(c)</sup> <br>| 5.09% | 01/07/2028 | 10000 | &nbsp;&nbsp; 9959741 |
| Corebridge Global Funding (SOFR + 1.30%)<sup>(b)(c)</sup> <br>| 5.65% | 09/25/2026 | 15000 | &nbsp;&nbsp; 15108495 |
| Corebridge Global Funding<sup>(c)</sup> <br>| 5.75% | 07/02/2026 | 7758 | &nbsp;&nbsp; 7858188 |
| GA Global Funding Trust<sup>(c)</sup> <br>| 2.25% | 01/06/2027 | 3700 | &nbsp;&nbsp; 3555530 |
| Jackson National Life Global Funding<sup>(c)</sup> <br>| 5.50% | 01/09/2026 | 16667 | &nbsp;&nbsp; 16744378 |
| Jackson National Life Global Funding<sup>(c)</sup> <br>| 5.55% | 07/02/2027 | 6719 | &nbsp;&nbsp; 6834012 |
| MassMutual Global Funding II (SOFR + 0.77%)<sup>(b)(c)</sup> <br>| 5.11% | 01/29/2027 | 15000 | &nbsp;&nbsp; 15056718 |
| MassMutual Global Funding II (SOFR + 0.98%)<sup>(b)(c)</sup> <br>| 5.32% | 07/10/2026 | 13500 | &nbsp;&nbsp; 13600625 |
| Met Tower Global Funding<sup>(c)</sup> <br>| 5.40% | 06/20/2026 | 10000 | &nbsp;&nbsp; 10102796 |
| New York Life Global Funding<sup>(c)</sup> <br>| 4.40% | 04/25/2028 | 3695 | &nbsp;&nbsp; 3703366 |
| New York Life Global Funding (SOFR + 0.67%)<sup>(b)(c)</sup> <br>| 5.02% | 04/02/2027 | 7000 | &nbsp;&nbsp; 7019222 |
| Pacific Life Global Funding II<sup>(c)</sup> <br>| 4.45% | 05/01/2028 | 9434 | &nbsp;&nbsp; 9450905 |
| Pacific Life Global Funding II (SOFR + 0.60%)<sup>(b)(c)</sup> <br>| 4.95% | 03/27/2026 | 9750 | &nbsp;&nbsp; 9769344 |
| Pacific Life Global Funding II (SOFR + 0.86%)<sup>(b)(c)</sup> <br>| 5.21% | 06/16/2025 | 5500 | &nbsp;&nbsp; 5501643 |
| Pacific Life Global Funding II (SOFR + 1.05%)<sup>(b)(c)</sup> <br>| 5.39% | 07/28/2026 | 12500 | &nbsp;&nbsp; 12582963 |
| Pricoa Global Funding I<sup>(c)</sup> <br>| 5.55% | 08/28/2026 | 3407 | &nbsp;&nbsp; 3452892 |
| Principal Life Global Funding II<sup>(c)</sup> <br>| 4.60% | 08/19/2027 | 4777 | &nbsp;&nbsp; 4789778 |
| Principal Life Global Funding II<sup>(c)</sup> <br>| 5.00% | 01/16/2027 | 4500 | &nbsp;&nbsp; 4535422 |
| Protective Life Global Funding<sup>(c)</sup> <br>| 5.37% | 01/06/2026 | 10339 | &nbsp;&nbsp; 10384111 |
| Reliance Standard Life Global Funding II<sup>(c)</sup> <br>| 5.24% | 02/02/2026 | 7125 | &nbsp;&nbsp; 7146515 |
|  |  |  |  | &nbsp;&nbsp; 224566559 |
| **Multi-line Insurance-0.77%** | **Multi-line Insurance-0.77%** | **Multi-line Insurance-0.77%** | **Multi-line Insurance-0.77%** | **Multi-line Insurance-0.77%** |
| USAA Capital Corp.<sup>(c)</sup> <br>| 4.38% | 06/01/2028 | 3330 | &nbsp;&nbsp; 3332305 |
| USAA Capital Corp.<sup>(c)</sup> <br>| 5.25% | 06/01/2027 | 10000 | &nbsp;&nbsp; 10185168 |
|  |  |  |  | &nbsp;&nbsp; 13517473 |
| **Oil & Gas Storage & Transportation-0.27%** | **Oil & Gas Storage & Transportation-0.27%** | **Oil & Gas Storage & Transportation-0.27%** | **Oil & Gas Storage & Transportation-0.27%** | **Oil & Gas Storage & Transportation-0.27%** |
| Enbridge, Inc. (Canada) | 5.25% | 04/05/2027 | 4666 | &nbsp;&nbsp; 4722320 |
| **Packaged Foods & Meats-0.47%** | **Packaged Foods & Meats-0.47%** | **Packaged Foods & Meats-0.47%** | **Packaged Foods & Meats-0.47%** | **Packaged Foods & Meats-0.47%** |
| Mars, Inc.<sup>(c)</sup> <br>| 4.45% | 03/01/2027 | 5956 | &nbsp;&nbsp; 5964372 |
| The Campbell's Company | 5.30% | 03/20/2026 | 2352 | &nbsp;&nbsp; 2362342 |
|  |  |  |  | &nbsp;&nbsp; 8326714 |
| **Pharmaceuticals-1.22%** | **Pharmaceuticals-1.22%** | **Pharmaceuticals-1.22%** | **Pharmaceuticals-1.22%** | **Pharmaceuticals-1.22%** |
| Bristol-Myers Squibb Co. (SOFR + 0.49%)<sup>(b)</sup> <br>| 4.83% | 02/20/2026 | 4651 | &nbsp;&nbsp; 4659328 |
| Eli Lilly and Co. | 5.00% | 02/27/2026 | 10257 | &nbsp;&nbsp; 10257427 |
| GlaxoSmithKline Capital PLC (United Kingdom) (SOFR + 0.50%)<sup>(b)</sup> <br>| 4.85% | 03/12/2027 | 6593 | &nbsp;&nbsp; 6610590 |
|  |  |  |  | &nbsp;&nbsp; 21527345 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Conservative Income Fund**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Retail REITs-0.21%** | **Retail REITs-0.21%** | **Retail REITs-0.21%** | **Retail REITs-0.21%** | **Retail REITs-0.21%** |
| Realty Income Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05% | 01/13/2026 | $3687 | &nbsp;&nbsp; $3680144 |
| **Self-Storage REITs-0.57%** | **Self-Storage REITs-0.57%** | **Self-Storage REITs-0.57%** | **Self-Storage REITs-0.57%** | **Self-Storage REITs-0.57%** |
| Public Storage Operating Co. (SOFR + 0.70%)<sup>(b)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.04% | 04/16/2027 | 10000 | &nbsp;&nbsp; 10001532 |
| **Semiconductors-0.57%** | **Semiconductors-0.57%** | **Semiconductors-0.57%** | **Semiconductors-0.57%** | **Semiconductors-0.57%** |
| Advanced Micro Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.21% | 09/24/2026 | 10000 | &nbsp;&nbsp; 10009388 |
| **Soft Drinks & Non-alcoholic Beverages-0.57%** | **Soft Drinks & Non-alcoholic Beverages-0.57%** | **Soft Drinks & Non-alcoholic Beverages-0.57%** | **Soft Drinks & Non-alcoholic Beverages-0.57%** | **Soft Drinks & Non-alcoholic Beverages-0.57%** |
| Keurig Dr Pepper, Inc. (SOFR + 0.88%)<sup>(b)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.23% | 03/15/2027 | 10000 | &nbsp;&nbsp; 10044691 |
| **Specialized Finance-1.28%** | **Specialized Finance-1.28%** | **Specialized Finance-1.28%** | **Specialized Finance-1.28%** | **Specialized Finance-1.28%** |
| National Rural Utilities Cooperative Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.10% | 05/06/2027 | 7500 | &nbsp;&nbsp; 7603404 |
| National Rural Utilities Cooperative Finance Corp. (SOFR + 0.82%)<sup>(b)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.17% | 09/16/2027 | 15000 | &nbsp;&nbsp; 15030246 |
|  |  |  |  | &nbsp;&nbsp; 22633650 |
| **Specialty Chemicals-0.26%** | **Specialty Chemicals-0.26%** | **Specialty Chemicals-0.26%** | **Specialty Chemicals-0.26%** | **Specialty Chemicals-0.26%** |
| Sherwin-Williams Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.55% | 03/01/2028 | 4587 | &nbsp;&nbsp; 4610308 |
| **Systems Software-0.83%** | **Systems Software-0.83%** | **Systems Software-0.83%** | **Systems Software-0.83%** | **Systems Software-0.83%** |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.65% | 03/25/2026 | 14972 | &nbsp;&nbsp; 14610042 |
| **Trading Companies & Distributors-0.62%** | **Trading Companies & Distributors-0.62%** | **Trading Companies & Distributors-0.62%** | **Trading Companies & Distributors-0.62%** | **Trading Companies & Distributors-0.62%** |
| Air Lease Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.38% | 07/01/2025 | 11000 | &nbsp;&nbsp; 10986137 |
| **Transaction & Payment Processing Services-0.25%** | **Transaction & Payment Processing Services-0.25%** | **Transaction & Payment Processing Services-0.25%** | **Transaction & Payment Processing Services-0.25%** | **Transaction & Payment Processing Services-0.25%** |
| PayPal Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.45% | 03/06/2028 | 4464 | &nbsp;&nbsp; 4484883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,178,429,338) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,178,429,338) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes (Cost $1,178,429,338) |  | &nbsp;&nbsp; 1183227894 |
| **Commercial Paper-14.21%**<sup>(e)</sup>  | **Commercial Paper-14.21%**<sup>(e)</sup>  | **Commercial Paper-14.21%**<sup>(e)</sup>  | **Commercial Paper-14.21%**<sup>(e)</sup>  | **Commercial Paper-14.21%**<sup>(e)</sup>  |
| **Aerospace & Defense-0.79%** | **Aerospace & Defense-0.79%** | **Aerospace & Defense-0.79%** | **Aerospace & Defense-0.79%** | **Aerospace & Defense-0.79%** |
| Huntington Ingalls Industries, Inc.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.05% | 06/03/2025 | 14000 | &nbsp;&nbsp; 13992041 |
| **Automobile Manufacturers-1.69%** | **Automobile Manufacturers-1.69%** | **Automobile Manufacturers-1.69%** | **Automobile Manufacturers-1.69%** | **Automobile Manufacturers-1.69%** |
| Harley-Davidson Financial Services, Inc.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.13% | 06/02/2025 | 10000 | &nbsp;&nbsp; 9996110 |
| Harley-Davidson Financial Services, Inc.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.12% | 06/09/2025 | 10000 | &nbsp;&nbsp; 9986960 |
| Harley-Davidson Financial Services, Inc.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.17% | 07/22/2025 | 10000 | &nbsp;&nbsp; 9929960 |
|  |  |  |  | &nbsp;&nbsp; 29913030 |
| **Construction & Engineering-0.96%** | **Construction & Engineering-0.96%** | **Construction & Engineering-0.96%** | **Construction & Engineering-0.96%** | **Construction & Engineering-0.96%** |
| Quanta Services, Inc.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.91% | 06/04/2025 | 17000 | &nbsp;&nbsp; 16988678 |
| **Diversified Capital Markets-2.54%** | **Diversified Capital Markets-2.54%** | **Diversified Capital Markets-2.54%** | **Diversified Capital Markets-2.54%** | **Diversified Capital Markets-2.54%** |
| Brookfield BRP Holdings Canada, Inc. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.06% | 06/11/2025 | 7000 | &nbsp;&nbsp; 6989283 |
| Brookfield Corporate Treasury Ltd. (Canada)<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.82% | 06/26/2025 | 20000 | &nbsp;&nbsp; 19929300 |
| Brookfield Infrastructure Holdings, Inc. (Canada) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.08% | 06/03/2025 | 18000 | &nbsp;&nbsp; 17990856 |
|  |  |  |  | &nbsp;&nbsp; 44909439 |
| **Gas Utilities-0.79%** | **Gas Utilities-0.79%** | **Gas Utilities-0.79%** | **Gas Utilities-0.79%** | **Gas Utilities-0.79%** |
| WGL Holdings, Inc.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.01% | 06/05/2025 | 14000 | &nbsp;&nbsp; 13989626 |
| **Independent Power Producers & Energy Traders-0.82%** | **Independent Power Producers & Energy Traders-0.82%** | **Independent Power Producers & Energy Traders-0.82%** | **Independent Power Producers & Energy Traders-0.82%** | **Independent Power Producers & Energy Traders-0.82%** |
| AES Corp (The)<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.81% | 06/05/2025 | 14500 | &nbsp;&nbsp; 14488444 |
| **Oil & Gas Exploration & Production-1.42%** | **Oil & Gas Exploration & Production-1.42%** | **Oil & Gas Exploration & Production-1.42%** | **Oil & Gas Exploration & Production-1.42%** | **Oil & Gas Exploration & Production-1.42%** |
| APA Corp.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.95% | 06/02/2025 | 25000 | &nbsp;&nbsp; 24989522 |
| **Packaged Foods & Meats-1.13%** | **Packaged Foods & Meats-1.13%** | **Packaged Foods & Meats-1.13%** | **Packaged Foods & Meats-1.13%** | **Packaged Foods & Meats-1.13%** |
| Conagra Brands, Inc.<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.80% | 06/03/2025 | 20000 | &nbsp;&nbsp; 19989560 |
| **Paper & Plastic Packaging Products & Materials-0.91%** | **Paper & Plastic Packaging Products & Materials-0.91%** | **Paper & Plastic Packaging Products & Materials-0.91%** | **Paper & Plastic Packaging Products & Materials-0.91%** | **Paper & Plastic Packaging Products & Materials-0.91%** |
| Sonoco Products Co. | 5.01%-5.17% | 06/12/2025 | 16000 | &nbsp;&nbsp; 15970368 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Conservative Income Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Technology Distributors-1.08%** | **Technology Distributors-1.08%** | **Technology Distributors-1.08%** | **Technology Distributors-1.08%** | **Technology Distributors-1.08%** | **Technology Distributors-1.08%** |
| Arrow Electronics, Inc.<sup>(c)</sup> <br>| 4.79% | 06/04/2025 |  | $19000 | &nbsp;&nbsp; $18987403 |
| **Telecom Tower REITs-0.85%** | **Telecom Tower REITs-0.85%** | **Telecom Tower REITs-0.85%** | **Telecom Tower REITs-0.85%** | **Telecom Tower REITs-0.85%** | **Telecom Tower REITs-0.85%** |
| Crown Castle, Inc.<sup>(c)</sup> <br>| 5.04% | 06/03/2025 |  | 15000 | &nbsp;&nbsp; 14991900 |
| **Trading Companies & Distributors-0.66%** | **Trading Companies & Distributors-0.66%** | **Trading Companies & Distributors-0.66%** | **Trading Companies & Distributors-0.66%** | **Trading Companies & Distributors-0.66%** | **Trading Companies & Distributors-0.66%** |
| Air Lease Corp.<sup>(c)</sup> <br>| 4.85% | 06/04/2025 |  | 11700 | &nbsp;&nbsp; 11692360 |
| **Transaction & Payment Processing Services-0.57%** | **Transaction & Payment Processing Services-0.57%** | **Transaction & Payment Processing Services-0.57%** | **Transaction & Payment Processing Services-0.57%** | **Transaction & Payment Processing Services-0.57%** | **Transaction & Payment Processing Services-0.57%** |
| Global Payments, Inc. | 4.90% | 06/02/2025 |  | 10000 | &nbsp;&nbsp; 9995921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $250,955,298) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $250,955,298) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $250,955,298) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Commercial Paper (Cost $250,955,298) |  | &nbsp;&nbsp; 250898292 |
| **Asset-Backed Securities-11.71%** | **Asset-Backed Securities-11.71%** | **Asset-Backed Securities-11.71%** | **Asset-Backed Securities-11.71%** | **Asset-Backed Securities-11.71%** | **Asset-Backed Securities-11.71%** |
| **Auto Loans/Leases-9.27%** | **Auto Loans/Leases-9.27%** | **Auto Loans/Leases-9.27%** | **Auto Loans/Leases-9.27%** | **Auto Loans/Leases-9.27%** | **Auto Loans/Leases-9.27%** |
| AutoNation Finance Trust 2025-1; Series 2025-1A, Class A2<sup>(c)</sup> <br>| 4.72% | 04/10/2028 |  | 5760 | &nbsp;&nbsp; 5763368 |
| &nbsp;&nbsp;&nbsp; Barclays Dryrock Issuance Trust; Series 2023-2, Class A (30 Day Average SOFR + <br> 0.90%)<sup>(b)</sup> <br>| 5.23% | 08/15/2028 |  | 13880 | &nbsp;&nbsp; 13905062 |
| BMW Vehicle Lease Trust; Series 2024-2, Class A2A | 4.29% | 01/25/2027 |  | 3566 | &nbsp;&nbsp; 3558856 |
| CarMax Auto Owner Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3 | 4.92% | 10/16/2028 |  | 9860 | &nbsp;&nbsp; 9900988 |
| &nbsp;&nbsp;&nbsp; Series 2025-2, Class A2A | 4.59% | 07/17/2028 |  | 3640 | &nbsp;&nbsp; 3643198 |
| CCG Receivables Trust; Series 2025-1, Class A2<sup>(c)</sup> <br>| 4.48% | 10/14/2032 |  | 4550 | &nbsp;&nbsp; 4553611 |
| Chesapeake Funding II LLC (Canada); |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A1<sup>(c)</sup> <br>| 5.65% | 05/15/2035 |  | 2777 | &nbsp;&nbsp; 2789709 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2 (30 Day Average SOFR + 1.10%)<sup>(b)(c)</sup> <br>| 5.43% | 10/15/2035 |  | 8008 | &nbsp;&nbsp; 8043074 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2 (30 Day Average SOFR + 0.77%)<sup>(b)(c)</sup> <br>| 5.10% | 05/15/2036 |  | 1887 | &nbsp;&nbsp; 1889335 |
| Citizens Auto Receivables Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-2, Class A2A<sup>(c)</sup> <br>| 6.09% | 10/15/2026 |  | 198 | &nbsp;&nbsp; 198381 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A3<sup>(c)</sup> <br>| 5.33% | 08/15/2028 |  | 7625 | &nbsp;&nbsp; 7676969 |
| DLLST LLC; Series 2024-1A, Class A3<sup>(c)</sup> <br>| 5.05% | 08/20/2027 |  | 5440 | &nbsp;&nbsp; 5457627 |
| Enterprise Fleet Financing LLC; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-3, Class A2<sup>(c)</sup> <br>| 6.40% | 03/20/2030 |  | 6136 | &nbsp;&nbsp; 6227386 |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A2<sup>(c)</sup> <br>| 5.23% | 03/20/2030 |  | 2805 | &nbsp;&nbsp; 2822107 |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A2<sup>(c)</sup> <br>| 5.31% | 04/20/2027 |  | 3187 | &nbsp;&nbsp; 3197799 |
| &nbsp;&nbsp;&nbsp; Series 2024-4, Class A2<sup>(c)</sup> <br>| 4.69% | 07/20/2027 |  | 4125 | &nbsp;&nbsp; 4127838 |
| &nbsp;&nbsp;&nbsp; GM Financial Automobile Leasing Trust; Series 2025-2, Class A2B (30 Day Average <br> SOFR + 0.50%)<sup>(b)</sup> <br>| 4.83% | 07/20/2027 |  | 2500 | &nbsp;&nbsp; 2501070 |
| GreatAmerica Leasing Receivables Funding LLC; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A2<sup>(c)</sup> <br>| 5.35% | 02/16/2026 |  | 971 | &nbsp;&nbsp; 971339 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A3<sup>(c)</sup> <br>| 5.00% | 09/15/2028 |  | 4000 | &nbsp;&nbsp; 4037221 |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A2<sup>(c)</sup> <br>| 4.52% | 10/15/2027 |  | 2600 | &nbsp;&nbsp; 2598210 |
| Harley-Davidson Motorcycle Trust; Series 2025-A, Class A2A | 4.71% | 07/17/2028 |  | 2500 | &nbsp;&nbsp; 2501328 |
| Hyundai Auto Lease Securitization Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-C, Class A2B (30 Day Average SOFR + 0.50%)<sup>(b)(c)</sup> <br>| 4.83% | 03/15/2027 |  | 2929 | &nbsp;&nbsp; 2929694 |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A3<sup>(c)</sup> <br>| 4.53% | 04/17/2028 |  | 3200 | &nbsp;&nbsp; 3213141 |
| &nbsp;&nbsp;&nbsp; Hyundai Auto Receivables Trust; Series 2025-A, Class A2B (30 Day Average SOFR + <br> 0.34%)<sup>(b)</sup> <br>| 4.67% | 12/15/2027 |  | 7760 | &nbsp;&nbsp; 7752147 |
| John Deere Owner Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-C, Class A2 | 5.76% | 08/17/2026 |  | 331 | &nbsp;&nbsp; 331184 |
| &nbsp;&nbsp;&nbsp; Series 2025-A, Class A2B (30 Day Average SOFR + 0.29%)<sup>(b)</sup> <br>| 4.62% | 03/15/2028 |  | 4420 | &nbsp;&nbsp; 4419175 |
| M&T Equipment 2025-LEAF1 Notes; Series 2025-1A, Class A2<sup>(c)</sup> <br>| 4.70% | 12/16/2027 |  | 4000 | &nbsp;&nbsp; 4008380 |
| Mercedes-Benz Auto Lease Trust; Series 2024-A, Class A2A | 5.44% | 02/16/2027 |  | 5650 | &nbsp;&nbsp; 5664387 |
| Porsche Innovative Lease Owner Trust; Series 2024-1A, Class A3<sup>(c)</sup> <br>| 4.67% | 11/22/2027 |  | 2500 | &nbsp;&nbsp; 2505837 |
| Tesla Auto Lease Trust; Series 2023-A, Class A3<sup>(c)</sup> <br>| 5.89% | 06/22/2026 |  | 1147 | &nbsp;&nbsp; 1148099 |
| Toyota Auto Receivables 2025-B Owner Trust; Series 2025-B, Class A2A | 4.46% | 03/15/2028 |  | 6900 | &nbsp;&nbsp; 6904779 |
| Westlake Automobile Receivables Trust; Series 2025-P1, Class A2<sup>(c)</sup> <br>| 4.65% | 02/15/2028 |  | 5300 | &nbsp;&nbsp; 5304895 |
| Wheels Fleet Lease Funding 1 LLC; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A<sup>(c)</sup> <br>| 6.46% | 08/18/2038 |  | 6391 | &nbsp;&nbsp; 6477097 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2 (1 mo. Term SOFR + 0.83%)<sup>(b)(c)</sup> <br>| 5.16% | 02/18/2039 |  | 4094 | &nbsp;&nbsp; 4100242 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2 (1 mo. Term SOFR + 1.00%)<sup>(b)(c)</sup> <br>| 5.33% | 06/21/2039 |  | 4000 | &nbsp;&nbsp; 4016751 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A1<sup>(c)</sup> <br>| 4.57% | 01/18/2040 |  | 6750 | &nbsp;&nbsp; 6763153 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Conservative Income Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Interest** <br> **Rate**<br>| **Maturity** <br> **Date**<br>| &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | &nbsp;&nbsp; **Principal**<br> **Amount**<br> **(000)** | **Value** |
| **Auto Loans/Leases-(continued)** | **Auto Loans/Leases-(continued)** | **Auto Loans/Leases-(continued)** | **Auto Loans/Leases-(continued)** | **Auto Loans/Leases-(continued)** | **Auto Loans/Leases-(continued)** |
| &nbsp;&nbsp;&nbsp; World Omni Automobile Lease Securitization Trust; Series 2025-A, Class A2B (30 Day <br> Average SOFR + 0.39%)<sup>(b)</sup> <br>| 4.72% | 12/15/2027 |  | $1930 | &nbsp;&nbsp; $1928376 |
|  |  |  |  |  | &nbsp;&nbsp; 163831813 |
| **Equipment Leasing-0.54%** | **Equipment Leasing-0.54%** | **Equipment Leasing-0.54%** | **Equipment Leasing-0.54%** | **Equipment Leasing-0.54%** | **Equipment Leasing-0.54%** |
| Dell Equipment Finance Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A3<sup>(c)</sup> <br>| 5.39% | 03/22/2030 |  | 2750 | &nbsp;&nbsp; 2772938 |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A3<sup>(c)</sup> <br>| 4.61% | 02/24/2031 |  | 2480 | &nbsp;&nbsp; 2495530 |
| HPEFS Equipment Trust; Series 2024-2A, Class A2<sup>(c)</sup> <br>| 5.50% | 10/20/2031 |  | 4261 | &nbsp;&nbsp; 4270893 |
|  |  |  |  |  | &nbsp;&nbsp; 9539361 |
| **Specialized Finance-1.90%** | **Specialized Finance-1.90%** | **Specialized Finance-1.90%** | **Specialized Finance-1.90%** | **Specialized Finance-1.90%** | **Specialized Finance-1.90%** |
| Capital One Multi-Asset Execution Trust; Series 2022-A3, Class A | 4.95% | 10/15/2027 |  | 10000 | &nbsp;&nbsp; 10012620 |
| First National Master Note Trust; Series 2024-1, Class A | 5.34% | 05/15/2030 |  | 3870 | &nbsp;&nbsp; 3941079 |
| Navient Private Education Refi Loan Trust; |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-FA, Class A<sup>(c)</sup> <br>| 1.22% | 07/15/2069 |  | 4190 | &nbsp;&nbsp; 3889536 |
| &nbsp;&nbsp;&nbsp; Series 2021-FA, Class A<sup>(c)</sup> <br>| 1.11% | 02/18/2070 |  | 2733 | &nbsp;&nbsp; 2407517 |
| Synchrony Card Funding LLC; Series 2024-A1, Class A | 5.04% | 03/15/2030 |  | 10000 | &nbsp;&nbsp; 10123226 |
| Volvo Financial Equipment LLC; Series 2025-1A, Class A2<sup>(c)</sup> <br>| 4.41% | 11/15/2027 |  | 3150 | &nbsp;&nbsp; 3146941 |
|  |  |  |  |  | &nbsp;&nbsp; 33520919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $206,720,728) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $206,720,728) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $206,720,728) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities (Cost $206,720,728) |  | &nbsp;&nbsp; 206892093 |
| **Certificates of Deposit-1.98%** | **Certificates of Deposit-1.98%** | **Certificates of Deposit-1.98%** | **Certificates of Deposit-1.98%** | **Certificates of Deposit-1.98%** | **Certificates of Deposit-1.98%** |
| **Diversified Banks-1.98%** | **Diversified Banks-1.98%** | **Diversified Banks-1.98%** | **Diversified Banks-1.98%** | **Diversified Banks-1.98%** | **Diversified Banks-1.98%** |
| Intesa Sanpaolo S.p.A. (New York Branch) | 5.71% | 07/16/2025 |  | 10000 | &nbsp;&nbsp; 10011560 |
| Intesa Sanpaolo S.p.A. (New York Branch) | 5.00% | 01/07/2026 |  | 10000 | &nbsp;&nbsp; 10007340 |
| Natixis S.A. (France) (SOFR + 0.60%)<sup>(b)</sup> <br>| 4.90% | 08/04/2025 |  | 15000 | &nbsp;&nbsp; 15012704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $35,000,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $35,000,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $35,000,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Certificates of Deposit (Cost $35,000,000) |  | &nbsp;&nbsp; 35031604 |
| **U.S. Treasury Securities-0.57%** | **U.S. Treasury Securities-0.57%** | **U.S. Treasury Securities-0.57%** | **U.S. Treasury Securities-0.57%** | **U.S. Treasury Securities-0.57%** | **U.S. Treasury Securities-0.57%** |
| **U.S. Treasury Notes-0.57%** | **U.S. Treasury Notes-0.57%** | **U.S. Treasury Notes-0.57%** | **U.S. Treasury Notes-0.57%** | **U.S. Treasury Notes-0.57%** | **U.S. Treasury Notes-0.57%** |
| U.S. Treasury Notes (Cost $9,964,137) | 4.50% | 03/31/2026 |  | 10000 | &nbsp;&nbsp; 10024714 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-95.47% <br>(Cost $1,681,069,501) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-95.47% <br>(Cost $1,681,069,501) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-95.47% <br>(Cost $1,681,069,501) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES (excluding Repurchase Agreements)-95.47% <br>(Cost $1,681,069,501) |  | &nbsp;&nbsp; 1686074597 |
|  |  |  | &nbsp;&nbsp; **Repurchase**<br> **Amount** | &nbsp;&nbsp; **Repurchase**<br> **Amount** |  |
| **Repurchase Agreements-5.38%**<sup>(f)</sup>  | **Repurchase Agreements-5.38%**<sup>(f)</sup>  | **Repurchase Agreements-5.38%**<sup>(f)</sup>  | **Repurchase Agreements-5.38%**<sup>(f)</sup>  | **Repurchase Agreements-5.38%**<sup>(f)</sup>  | **Repurchase Agreements-5.38%**<sup>(f)</sup>  |
| &nbsp;&nbsp;&nbsp; BofA Securities, Inc., term agreement dated 05/05/2025, maturing value of <br> $20,254,917 (collateralized by corporate obligations valued at $21,767,789; <br> 0.00% - 11.18%; 04/29/2026 - 05/11/2038)<sup>(g)</sup> <br>| 4.83% | 09/02/2025 |  | 20254917 | &nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp; CF Secured LLC, joint open agreement dated 02/07/2025 (collateralized by agency and <br> non-agency mortgage-backed securities and non-agency asset-backed securities <br> valued at $27,118,557; 1.41% - 11.00%; 08/25/2036 - 03/25/2065)<sup>(h)</sup> <br>| 5.08% | 06/02/2025 |  | 15067454 | &nbsp;&nbsp; 15000000 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets, Inc., joint open agreement dated 05/15/2024 (collateralized <br> by non-agency mortgage-backed securities valued at $197,090,702; 0.00% - <br> 8.78%; 07/15/2029 - 09/25/2062)<sup>(h)</sup> <br>| 5.03% | 06/02/2025 |  | 20089422 | &nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp; Nomura Securities International, Inc., joint term agreement dated 05/16/2025, <br> aggregate maturing value of $30,012,700 (collateralized by non-agency <br> asset-backed securities and non-agency mortgage-backed securities valued at <br> $33,000,000; 0.00% - 12.32%; 01/20/2031 - 03/25/2070)<sup>(g)</sup> <br>| 5.08% | 06/02/2025 |  | 20008467 | &nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp; Santander US Capital Markets LLC, term agreement dated 05/09/2025, maturing value <br> of $20,008,383 (collateralized by non-agency asset-backed securities and a <br> non-agency mortgage-backed security valued at $22,270,728; 0.00% - 14.05%; <br> 04/15/2026 - 07/25/2059)<sup>(g)</sup> <br>| 5.03% | 06/02/2025 |  | 20008383 | &nbsp;&nbsp; 20000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Repurchase Agreements (Cost $95,000,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Repurchase Agreements (Cost $95,000,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Repurchase Agreements (Cost $95,000,000) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Repurchase Agreements (Cost $95,000,000) |  | &nbsp;&nbsp; 95000000 |
| TOTAL INVESTMENTS IN SECURITIES-100.85% (Cost $1,776,069,501) | TOTAL INVESTMENTS IN SECURITIES-100.85% (Cost $1,776,069,501) | TOTAL INVESTMENTS IN SECURITIES-100.85% (Cost $1,776,069,501) | TOTAL INVESTMENTS IN SECURITIES-100.85% (Cost $1,776,069,501) |  | &nbsp;&nbsp; 1781074597 |
| OTHER ASSETS LESS LIABILITIES-(0.85)% | OTHER ASSETS LESS LIABILITIES-(0.85)% | OTHER ASSETS LESS LIABILITIES-(0.85)% | OTHER ASSETS LESS LIABILITIES-(0.85)% |  | &nbsp;&nbsp; (15038782)<br>|
| NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% | NET ASSETS-100.00% |  | &nbsp;&nbsp; $1766035815 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Conservative Income Fund**

------

Investment Abbreviations:

REITs -Real Estate Investment Trusts <br> SOFR -Secured Overnight Financing Rate

Notes to Schedule of Investments:

<sup>(a)</sup> Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. 

<sup>(b)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2025.

<sup>(c)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $769,365,028, which represented 43.56% of the Fund's Net Assets. 

<sup>(d)</sup> Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.

<sup>(e)</sup> Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.

<sup>(f)</sup> Principal amount equals value at period end. 

<sup>(g)</sup> Interest rate is redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date.

<sup>(h)</sup> Either party may terminate the agreement upon demand. Interest rate, principal amount and collateral are redetermined periodically. The Maturity Date represents the next reset date, and the Repurchase Amount is calculated based on the next reset date. 

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco Conservative Income Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*May 31, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 — Prices are determined using quoted prices in an active market for identical assets.

Level 2 — Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

As of May 31, 2025, all of the securities in this Fund were valued based on Level 2 inputs (see the Schedule of Investments for security categories). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

**Invesco Conservative Income Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Management Trust

- **b. Investment Company Act file number:** 811-22957

- **c. CIK number of Registrant:** 0001605283

- **d. LEI of Registrant:** 549300E714CZKBPA2O91

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

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

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

- **a. Name of Series:** Invesco Conservative Income Fund

- **b. EDGAR series identifier (if any):** S000045836

- **c. LEI of Series:** 549300DF8ZMA5QG3GE34

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1793638524.19

**Total Liabilities:** $27602709.40

**Net Assets:** $1766035814.79

**Cash Not Reported:** $86775.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -9168.92128779 | **1-Year:** -126493.15973666 | **5-Year:** -49719.01867499 | **10-Year:** -30.25324750 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199848 | 0.40%                | 0.29%                | 0.40%                |
| Class ID C000217952 | 0.41%                | 0.30%                | 0.41%                |
| Class ID C000217951 | 0.31%                | 0.30%                | 0.41%                |
| Class ID C000142880 | 0.42%                | 0.30%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $204.58                  | $-1518309.70                               |
| Month 2  | $170710.45               | $-2311983.11                               |
| Month 3  | $-12611.76               | $-857082.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                      | CUSIP: 65339KDH0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   7330000 | PA      | $7344354.49   | 0.42%             | 2028-02-04      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                | CUSIP: 89115A3F7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   8791000 | PA      | $8803272.41   | 0.50%             | 2028-01-31      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                             | Goldman Sachs Bank USA                                                     | CUSIP: 38151G2K6<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10176413.70  | 0.58%             | 2027-03-07      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| Societe Generale                                   | Societe Generale                                                           | CUSIP: 83368RAZ5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  10437000 | PA      | $10242475.09  | 0.58%             | 2026-12-14      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                          | Bank of Nova Scotia (The)                                                  | CUSIP: 06418GAB3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20006424.20  | 1.13%             | 2025-06-12      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                     | Pacific Life Global Funding II                                             | CUSIP: 6944PL2T5<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5501642.58   | 0.31%             | 2025-06-16      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                   | First National Master Note Trust, Series 2024-1, Class A                   | CUSIP: 32113CCB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3870000 | PA      | $3941078.74   | 0.22%             | 2030-05-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                               | CUSIP: 67077MBE7<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   5970000 | PA      | $5966608.86   | 0.34%             | 2027-03-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Met Tower Global Funding                           | Met Tower Global Funding                                                   | CUSIP: 58989V2F0<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10102795.70  | 0.57%             | 2026-06-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc.                                      | Enbridge Inc.                                                              | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4666000 | PA      | $4722319.93   | 0.27%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank, N.A.                             | Fifth Third Bank, N.A.                                                     | CUSIP: 31677QBM0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9990444.80   | 0.57%             | 2025-07-28      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust          | Navient Private Education Refi Loan Trust, Series 2020-FA, Class A         | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4190123 | PA      | $3889536.00   | 0.22%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                     | Pacific Life Global Funding II                                             | CUSIP: 69448TAC5<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   9434000 | PA      | $9450905.44   | 0.54%             | 2028-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                   | Principal Life Global Funding II                                           | CUSIP: 74256LEX3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4535421.98   | 0.26%             | 2027-01-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                   | Principal Life Global Funding II                                           | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   4777000 | PA      | $4789777.76   | 0.27%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                              | CCG Receivables Trust, Series 2025-1, Class A2                             | CUSIP: 12515XAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4550000 | PA      | $4553610.88   | 0.26%             | 2032-10-14      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                 | State Street Corp.                                                         | CUSIP: 857477CQ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2857000 | PA      | $2854621.15   | 0.16%             | 2027-10-22      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                          | U.S. Treasury Notes/Bonds                                                  | CUSIP: 91282CKH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $10024714.50  | 0.57%             | 2026-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                  | Barclays Bank PLC                                                          | CUSIP: 06746AB93<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |  12000000 | PA      | $11946743.04  | 0.68%             | 2026-08-14      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                     | ING Groep N.V.                                                             | CUSIP: 456837BJ1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  10000000 | PA      | $10089544.60  | 0.57%             | 2027-09-11      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust                     | Mercedes-Benz Auto Lease Trust, Series 2024-A, Class A2A                   | CUSIP: 58770JAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5649914 | PA      | $5664387.09   | 0.32%             | 2027-02-16      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                             | John Deere Owner Trust, Series 2025-A, Class A2B                           | CUSIP: 47800DAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4420000 | PA      | $4419175.23   | 0.25%             | 2028-03-15      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                    | BHP Billiton Finance (USA) Ltd.                                            | CUSIP: 055451BB3<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |  14815000 | PA      | $14981584.45  | 0.85%             | 2026-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                                | CUSIP: 14040HBN4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   6081000 | PA      | $6006071.26   | 0.34%             | 2027-03-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust            | Capital One Multi-Asset Execution Trust, Series 2022-A3, Class A           | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10012620.00  | 0.57%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DLLST 2024-1 LLC                                   | DLLST 2024-1 LLC, Series 2024-1A, Class A3                                 | CUSIP: 23346HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5440000 | PA      | $5457626.69   | 0.31%             | 2027-08-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2025-B, Class A3           | CUSIP: 44935DAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3200000 | PA      | $3213141.44   | 0.18%             | 2028-04-17      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                        | Rio Tinto Finance (USA) PLC                                                | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1741000 | PA      | $1746366.23   | 0.10%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                               | CUSIP: 64953BBW7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   3695000 | PA      | $3703366.22   | 0.21%             | 2028-04-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PNC Bank, N.A.                                     | PNC Bank, N.A.                                                             | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   6977000 | PA      | $6978710.27   | 0.40%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA/New York NY                    | Intesa Sanpaolo SpA/New York NY                                            | CUSIP: 46115K4N7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10011560.00  | 0.57%             | 2025-07-16      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                                   | CUSIP: 693475BQ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10002067.80  | 0.57%             | 2026-06-12      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                     | Huntington National Bank (The)                                             | CUSIP: 44644MAL5<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   6897000 | PA      | $6883356.15   | 0.39%             | 2028-04-12      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2025-B Owner Trust         | Toyota Auto Receivables 2025-B Owner Trust, Series 2025-B, Class A2A       | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6900000 | PA      | $6904778.94   | 0.39%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                               | CUSIP: 02665WFN6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15027412.35  | 0.85%             | 2026-10-05      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp.                         | CUSIP: 63743HFR8<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7603404.38   | 0.43%             | 2027-05-06      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                            | BMW Vehicle Lease Trust, Series 2024-2, Class A2A                          | CUSIP: 05613MAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3565925 | PA      | $3558855.75   | 0.20%             | 2027-01-25      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                     | Pacific Life Global Funding II                                             | CUSIP: 6944PL2V0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12582963.50  | 0.71%             | 2026-07-28      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Blue Owl Capital Corp.                             | Blue Owl Capital Corp.                                                     | CUSIP: 69121KAD6<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9942908.00   | 0.56%             | 2026-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                     | Enterprise Fleet Financing LLC, Series 2023-3, Class A2                    | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6135865 | PA      | $6227385.78   | 0.35%             | 2030-03-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                     | Enterprise Fleet Financing LLC, Series 2024-1, Class A2                    | CUSIP: 29375PAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2804801 | PA      | $2822107.50   | 0.16%             | 2030-03-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding 1 LLC                   | Wheels Fleet Lease Funding 1 LLC, Series 2024-2A, Class A2                 | CUSIP: 96328GBU0<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4016751.20   | 0.23%             | 2039-06-21      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, N.A.                          | JPMorgan Chase Bank, N.A.                                                  | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |   7589000 | PA      | $7676876.75   | 0.43%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding LLC       | GreatAmerica Leasing Receivables Funding LLC, Series 2023-1, Class A2      | CUSIP: 39154TCB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    970598 | PA      | $971338.72    | 0.06%             | 2026-02-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2025-2, Class A2A                          | CUSIP: 14320AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3640000 | PA      | $3643198.47   | 0.21%             | 2028-07-17      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                      | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12106623.12  | 0.69%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                     | Pacific Life Global Funding II                                             | CUSIP: 6944PL3B3<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   9750000 | PA      | $9769344.29   | 0.55%             | 2026-03-27      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                              | HPEFS Equipment Trust, Series 2024-2A, Class A2                            | CUSIP: 40444MAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4261195 | PA      | $4270893.19   | 0.24%             | 2031-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Brookfield Infrastructure Holdings (Canada) Inc.   | Brookfield Infrastructure Holdings (Canada) Inc.                           | CUSIP: 11275MT30<br>LEI: 549300GV8LYH0T7DZO77 | Long             | DBT              | CORP              | CA        |  18000000 | PA      | $17990856.00  | 1.02%             | 2025-06-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                  | Crown Castle Inc.                                                          | CUSIP: 22823PT37<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14991900.00  | 0.85%             | 2025-06-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Securitization Trust   | World Omni Automobile Lease Securitization Trust, Series 2025-A, Class A2B | CUSIP: 98164PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1930000 | PA      | $1928376.10   | 0.11%             | 2027-12-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                | CUSIP: 89114XC43<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   9800000 | PA      | $9801953.83   | 0.56%             | 2026-10-20      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                     | Enterprise Fleet Financing LLC, Series 2024-3, Class A2                    | CUSIP: 29375QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3186934 | PA      | $3197799.16   | 0.18%             | 2027-04-20      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                            | National Bank of Canada                                                    | CUSIP: 63307A2Z7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   5797000 | PA      | $5810689.09   | 0.33%             | 2027-07-02      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                          | Corebridge Global Funding                                                  | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15108495.00  | 0.86%             | 2026-09-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Synopsys, Inc.                                     | Synopsys, Inc.                                                             | CUSIP: 871607AA5<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2504542.05   | 0.14%             | 2027-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                       | Public Storage Operating Co.                                               | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10001532.10  | 0.57%             | 2027-04-16      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                        | Swedbank AB                                                                | CUSIP: 870195AA2<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $15157484.85  | 0.86%             | 2026-06-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Santander US Capital Markets LLC                   | Santander US Capital Markets LLC                                           | CUSIP: N/A<br>LEI: 549300LGG2RLWD21SU97       | Long             | RA               | CORP              | US        |  20000000 | PA      | $20000000.00  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Swedbank AB                                        | Swedbank AB                                                                | CUSIP: 87020PAX5<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   8130000 | PA      | $8297726.94   | 0.47%             | 2026-09-12      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust              | GM Financial Automobile Leasing Trust, Series 2025-2, Class A2B            | CUSIP: 362962AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2501070.13   | 0.14%             | 2027-07-20      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                            | CUSIP: 65558RAL3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   5000000 | PA      | $5014796.85   | 0.28%             | 2028-03-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Australia and New Zealand Banking Group Ltd.       | Australia and New Zealand Banking Group Ltd.                               | CUSIP: 05252ADJ7<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |  14000000 | PA      | $14104502.02  | 0.80%             | 2027-01-18      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                           | CUSIP: 06368LWV4<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15031296.15  | 0.85%             | 2025-09-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                              | Bank of America, N.A.                                                      | CUSIP: 06428CAA2<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15195968.10  | 0.86%             | 2026-08-18      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding 1 LLC                   | Wheels Fleet Lease Funding 1 LLC, Series 2023-2A, Class A                  | CUSIP: 96328GBG1<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   6391373 | PA      | $6477096.83   | 0.37%             | 2038-08-18      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                           | CUSIP: 06368L3M6<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10012585.60  | 0.57%             | 2027-06-04      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                       | MassMutual Global Funding II                                               | CUSIP: 57629TBQ9<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  13500000 | PA      | $13600625.36  | 0.77%             | 2026-07-10      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                          | Corebridge Global Funding                                                  | CUSIP: 00138CBE7<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9959741.00   | 0.56%             | 2028-01-07      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                               | Campbell's Co. (The)                                                       | CUSIP: 134429BL2<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   2352000 | PA      | $2362341.81   | 0.13%             | 2026-03-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Reliance Standard Life Global Funding II           | Reliance Standard Life Global Funding II                                   | CUSIP: 75951ACY2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7125000 | PA      | $7146514.79   | 0.40%             | 2026-02-02      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner Trust 2024-1        | Porsche Innovative Lease Owner Trust 2024-1, Series 2024-1A, Class A3      | CUSIP: 73328AAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2505837.00   | 0.14%             | 2027-11-22      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services, Inc.           | Harley-Davidson Financial Services, Inc.                                   | CUSIP: 41282JT92<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9986960.00   | 0.57%             | 2025-06-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| USAA Capital Corp.                                 | USAA Capital Corp.                                                         | CUSIP: 90327QDA4<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |   3330000 | PA      | $3332305.46   | 0.19%             | 2028-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                     | Protective Life Global Funding                                             | CUSIP: 74368CBQ6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  10339000 | PA      | $10384110.92  | 0.59%             | 2026-01-06      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank, N.A.                             | Fifth Third Bank, N.A.                                                     | CUSIP: 31677QBV0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   5300000 | PA      | $5297668.69   | 0.30%             | 2028-01-28      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                             | Tesla Auto Lease Trust, Series 2023-A, Class A3                            | CUSIP: 88167PAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1146552 | PA      | $1148098.76   | 0.07%             | 2026-06-22      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services, Inc.           | Harley-Davidson Financial Services, Inc.                                   | CUSIP: 41282JT27<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9996110.00   | 0.57%             | 2025-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| eBay Inc.                                          | eBay Inc.                                                                  | CUSIP: 278642AX1<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4370316.44   | 0.25%             | 2026-05-10      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                       | Oracle Corp.                                                               | CUSIP: 68389XCC7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  14972000 | PA      | $14610041.87  | 0.83%             | 2026-03-25      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding LLC       | GreatAmerica Leasing Receivables Funding LLC, Series 2024-2, Class A3      | CUSIP: 39154GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4037220.80   | 0.23%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc.                     | Jefferies Financial Group Inc.                                             | CUSIP: 47233WJG5<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |  10929000 | PA      | $10942873.05  | 0.62%             | 2026-03-16      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                       | Dell Equipment Finance Trust, Series 2024-1, Class A3                      | CUSIP: 24702GAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2772938.03   | 0.16%             | 2030-03-22      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| GlaxoSmithKline Capital PLC                        | GlaxoSmithKline Capital PLC                                                | CUSIP: 377373AN5<br>LEI: 549300U0LV41VX7LEP38 | Long             | DBT              | CORP              | GB        |   6593000 | PA      | $6610589.60   | 0.37%             | 2027-03-12      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                            | CUSIP: 65558RAF6<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |  14286000 | PA      | $14352261.61  | 0.81%             | 2027-03-19      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                      | CUSIP: 04685A4B4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10021596.40  | 0.57%             | 2026-08-27      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Nomura Securities International, Inc.              | Nomura Securities International, Inc.                                      | CUSIP: N/A<br>LEI: OXTKY6Q8X53C9ILVV871       | Long             | RA               | CORP              | US        |  20000000 | PA      | $20000000.00  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp.                         | CUSIP: 63743HFU1<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15030245.40  | 0.85%             | 2027-09-16      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                    | Air Lease Corp.                                                            | CUSIP: 00914AAH5<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $10986137.36  | 0.62%             | 2025-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                           | Svenska Handelsbanken AB                                                   | CUSIP: 86959LAT0<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   6522000 | PA      | $6537027.86   | 0.37%             | 2028-05-23      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust 2023-2             | Citizens Auto Receivables Trust 2023-2, Series 2023-2, Class A2A           | CUSIP: 17295FAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    198244 | PA      | $198380.61    | 0.01%             | 2026-10-15      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                       | CUSIP: 78016HZU7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  16667000 | PA      | $16791136.98  | 0.95%             | 2027-01-19      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| BMW US Capital, LLC                                | BMW US Capital, LLC                                                        | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  10811000 | PA      | $10850507.39  | 0.61%             | 2026-08-13      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                         | CUSIP: 13607LWU3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  15000000 | PA      | $15096372.15  | 0.85%             | 2026-10-02      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank, N.A.                             | Wells Fargo Bank, N.A.                                                     | CUSIP: 94988J6J1<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6411526.72   | 0.36%             | 2026-01-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                  | CUSIP: 89236TLK9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15026315.40  | 0.85%             | 2026-01-05      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lowe`s Cos., Inc.                                  | Lowe`s Cos., Inc.                                                          | CUSIP: 548661EP8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   6766000 | PA      | $6780026.12   | 0.38%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                         | Cooperatieve Rabobank U.A.                                                 | CUSIP: 21688ABN1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   8571000 | PA      | $8581751.21   | 0.49%             | 2027-05-27      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                  | Wells Fargo & Co.                                                          | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   7461000 | PA      | $7434306.93   | 0.42%             | 2028-01-24      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                     | Hyundai Auto Receivables Trust, Series 2025-A, Class A2B                   | CUSIP: 44935CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7760000 | PA      | $7752146.88   | 0.44%             | 2027-12-15      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                       | MassMutual Global Funding II                                               | CUSIP: 57629TBR7<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15056718.00  | 0.85%             | 2027-01-29      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC           | Volkswagen Group of America Finance, LLC                                   | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10015376.80  | 0.57%             | 2026-03-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2024-C, Class A2B          | CUSIP: 448984AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2928565 | PA      | $2929694.36   | 0.17%             | 2027-03-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                           | John Deere Capital Corp.                                                   | CUSIP: 24422EXL8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10018030.20  | 0.57%             | 2026-03-06      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Barclays Dryrock Issuance Trust                    | Barclays Dryrock Issuance Trust, Series 2023-2, Class A                    | CUSIP: 06742LBB8<br>LEI: 213800R4G3N2G68CHU37 | Long             | ABS-O            | CORP              | US        |  13880000 | PA      | $13905061.73  | 0.79%             | 2028-08-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust          | Navient Private Education Refi Loan Trust, Series 2021-FA, Class A         | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2732502 | PA      | $2407517.48   | 0.14%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Volvo Financial Equipment LLC                      | Volvo Financial Equipment LLC, Series 2025-1A, Class A2                    | CUSIP: 92887TAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3150000 | PA      | $3146940.72   | 0.18%             | 2027-11-15      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                             | Home Depot, Inc. (The)                                                     | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   4504000 | PA      | $4546906.59   | 0.26%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                         | Mars, Inc.                                                                 | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   5956000 | PA      | $5964372.05   | 0.34%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                            | Pricoa Global Funding I                                                    | CUSIP: 74153WCT4<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   3407000 | PA      | $3452891.95   | 0.20%             | 2026-08-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                         | CUSIP: 13607PHU1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10020534.30  | 0.57%             | 2027-09-11      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                       | Dell Equipment Finance Trust, Series 2025-1, Class A3                      | CUSIP: 24703UAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2480000 | PA      | $2495529.51   | 0.14%             | 2031-02-24      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                              | Athene Global Funding                                                      | CUSIP: 04685A3U3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12090407.88  | 0.68%             | 2027-03-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                         | Sherwin-Williams Co. (The)                                                 | CUSIP: 824348BS4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   4587000 | PA      | $4610307.74   | 0.26%             | 2028-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                               | CUSIP: 02665WFW6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10004148.80  | 0.57%             | 2028-03-03      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Motorcycle Trust                   | Harley-Davidson Motorcycle Trust, Series 2025-A, Class A2A                 | CUSIP: 41284XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2501327.75   | 0.14%             | 2028-07-17      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                              | BofA Securities, Inc.                                                      | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |  20000000 | PA      | $20000000.00  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                 | General Motors Financial Co., Inc.                                         | CUSIP: 37045XFH4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3333000 | PA      | $3336868.25   | 0.19%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding 1 LLC                   | Wheels Fleet Lease Funding 1 LLC, Series 2025-1A, Class A1                 | CUSIP: 96328GCE5<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   6750000 | PA      | $6763153.05   | 0.38%             | 2040-01-18      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                            | National Bank of Canada                                                    | CUSIP: 63305LN33<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $9992613.10   | 0.57%             | 2026-08-20      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                 | State Street Corp.                                                         | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1432000 | PA      | $1435720.75   | 0.08%             | 2028-04-24      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                               | Glencore Funding LLC                                                       | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   5357000 | PA      | $5361466.56   | 0.30%             | 2026-10-01      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                               | Glencore Funding LLC                                                       | CUSIP: 378272BW7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   8522000 | PA      | $8551419.99   | 0.48%             | 2027-04-04      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                | Huntington Ingalls Industries, Inc.                                        | CUSIP: 44641LT30<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $13992041.00  | 0.79%             | 2025-06-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                        | Pinnacle West Capital Corp.                                                | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    649000 | PA      | $654187.95    | 0.04%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| USAA Capital Corp.                                 | USAA Capital Corp.                                                         | CUSIP: 90327QD97<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10185167.60  | 0.58%             | 2027-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                       | CUSIP: 025816DM8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15066113.40  | 0.85%             | 2026-10-30      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                         | Cooperatieve Rabobank U.A.                                                 | CUSIP: 21688ABG6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   8035000 | PA      | $8062257.29   | 0.46%             | 2026-08-28      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                            | CUSIP: 38145GAN0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12016827.72  | 0.68%             | 2026-08-10      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Eli Lilly and Co.                                  | Eli Lilly and Co.                                                          | CUSIP: 532457CE6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |  10257000 | PA      | $10257427.31  | 0.58%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                    | CUSIP: 58769JAF4<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  11104000 | PA      | $11128849.53  | 0.63%             | 2026-03-30      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                  | CUSIP: 89236TLD5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8125698.96   | 0.46%             | 2026-11-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2024-1, Class A3                           | CUSIP: 14318WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9860000 | PA      | $9900988.02   | 0.56%             | 2028-10-16      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| AutoNation Finance Trust 2025-1                    | AutoNation Finance Trust 2025-1, Series 2025-1A, Class A2                  | CUSIP: 05330QAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5760000 | PA      | $5763368.45   | 0.33%             | 2028-04-10      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                         | Aviation Capital Group LLC                                                 | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1936000 | PA      | $1929419.30   | 0.11%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                   | Sumitomo Mitsui Trust Bank, Ltd.                                           | CUSIP: 86563VBP3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   6557000 | PA      | $6640482.22   | 0.38%             | 2027-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                          | Morgan Stanley Bank, N.A.                                                  | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10004961.30  | 0.57%             | 2027-10-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                 | State Street Corp.                                                         | CUSIP: 857477CE1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |  14458000 | PA      | $14520297.35  | 0.82%             | 2026-08-03      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                          | Corebridge Global Funding                                                  | CUSIP: 00138CAU2<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   7758000 | PA      | $7858187.51   | 0.44%             | 2026-07-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Brookfield BRP Holdings Canada Inc.                | Brookfield BRP Holdings Canada Inc.                                        | CUSIP: 11284WTB9<br>LEI: 549300NSPD7QJ50GZW26 | Long             | DBT              | CORP              | CA        |   7000000 | PA      | $6989283.00   | 0.40%             | 2025-06-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                | Realty Income Corp.                                                        | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   3687000 | PA      | $3680144.13   | 0.21%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                     | Enterprise Fleet Financing LLC, Series 2024-4, Class A2                    | CUSIP: 29374MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4125000 | PA      | $4127838.41   | 0.23%             | 2027-07-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman L.P.                         | Mizuho Markets Cayman L.P.                                                 | CUSIP: 60700JAA3<br>LEI: 549300KHUXLS6Q30KT26 | Long             | DBT              | CORP              | KY        |  15000000 | PA      | $15050955.60  | 0.85%             | 2025-11-21      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                | CUSIP: 89115KAA8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10007006.80  | 0.57%             | 2028-06-02      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| APA Corp.                                          | APA Corp.                                                                  | CUSIP: 00188AT27<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24989522.50  | 1.42%             | 2025-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| M&T Equipment 2025-LEAF1 Notes                     | M&T Equipment 2025-LEAF1 Notes, Series 2025-1A, Class A2                   | CUSIP: 55340QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4008380.00   | 0.23%             | 2027-12-16      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| WGL Holdings, Inc.                                 | WGL Holdings, Inc.                                                         | CUSIP: 9292E0T57<br>LEI: 549300FMXG4FL88R7K50 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $13989626.00  | 0.79%             | 2025-06-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust              | Westlake Automobile Receivables Trust, Series 2025-P1, Class A2            | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5300000 | PA      | $5304895.08   | 0.30%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                          | Morgan Stanley Bank, N.A.                                                  | CUSIP: 61690U7V6<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  13514000 | PA      | $13517544.99  | 0.77%             | 2025-07-16      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC            | Daimler Truck Finance North America LLC                                    | CUSIP: 233853AS9<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $6458435.31   | 0.37%             | 2025-08-08      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding               | Jackson National Life Global Funding                                       | CUSIP: 46849LVA6<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   6719000 | PA      | $6834011.94   | 0.39%             | 2027-07-02      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Inc.                      | Citigroup Global Markets Inc.                                              | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  20000000 | PA      | $20000000.00  | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                      | CUSIP: 65339KCR9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  11456000 | PA      | $11488777.45  | 0.65%             | 2026-01-29      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                              | PayPal Holdings, Inc.                                                      | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   4464000 | PA      | $4484883.22   | 0.25%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                     | CUSIP: 902674ZV5<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |  14927000 | PA      | $14977015.30  | 0.85%             | 2025-09-11      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                            | Arrow Electronics, Inc.                                                    | CUSIP: 04273LT47<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |  19000000 | PA      | $18987403.00  | 1.08%             | 2025-06-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                          | Chesapeake Funding II LLC, Series 2023-1A, Class A1                        | CUSIP: 165183CU6<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   2776897 | PA      | $2789708.62   | 0.16%             | 2035-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                    | Air Lease Corp.                                                            | CUSIP: 00913WT47<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  11700000 | PA      | $11692359.90  | 0.66%             | 2025-06-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                           | John Deere Capital Corp.                                                   | CUSIP: 24422EYA1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9982106.30   | 0.57%             | 2028-03-06      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                             | John Deere Owner Trust, Series 2023-C, Class A2                            | CUSIP: 47787CAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    331017 | PA      | $331183.80    | 0.02%             | 2026-08-17      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| CF Secured, LLC                                    | CF Secured, LLC                                                            | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |  15000000 | PA      | $15000000.00  | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| CNO Global Funding                                 | CNO Global Funding                                                         | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   4918000 | PA      | $4933378.64   | 0.28%             | 2027-12-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services Inc.            | Harley-Davidson Financial Services Inc.                                    | CUSIP: 41282JUN9<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9929960.00   | 0.56%             | 2025-07-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                       | National Australia Bank Ltd.                                               | CUSIP: 63253QAA2<br>LEI: 549300E2IPL06NDXMZ63 | Long             | DBT              | CORP              | AU        |  13334000 | PA      | $13389360.37  | 0.76%             | 2026-01-12      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                              | Keurig Dr Pepper Inc.                                                      | CUSIP: 49271VAS9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10044690.90  | 0.57%             | 2027-03-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                 | General Motors Financial Co., Inc.                                         | CUSIP: 37045XFF8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9877271.20   | 0.56%             | 2028-04-04      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc.                                      | HSBC USA Inc.                                                              | CUSIP: 40428HS29<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   6522000 | PA      | $6532437.61   | 0.37%             | 2028-06-03      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                          | Chesapeake Funding II LLC, Series 2023-2A, Class A2                        | CUSIP: 165183DA9<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   8007624 | PA      | $8043074.05   | 0.46%             | 2035-10-15      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                            | GA Global Funding Trust                                                    | CUSIP: 36143L2G9<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3555530.02   | 0.20%             | 2027-01-06      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA/New York NY                    | Intesa Sanpaolo SpA/New York NY                                            | CUSIP: 46115K5A4<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10007340.00  | 0.57%             | 2026-01-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC           | Volkswagen Group of America Finance, LLC                                   | CUSIP: 928668BR2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999897.04    | 0.06%             | 2025-06-06      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                               | CUSIP: 64953BBL1<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7019221.86   | 0.40%             | 2027-04-02      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding, L.L.C.   | GreatAmerica Leasing Receivables Funding, L.L.C., Series 2025-1, Class A2  | CUSIP: 39154GAH9<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   2600000 | PA      | $2598209.90   | 0.15%             | 2027-10-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices, Inc.                       | Advanced Micro Devices, Inc.                                               | CUSIP: 007903BH9<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10009387.80  | 0.57%             | 2026-09-24      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                     | Citigroup Inc.                                                             | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9986226.60   | 0.57%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                          | Chesapeake Funding II LLC, Series 2024-1A, Class A2                        | CUSIP: 165183DJ0<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1887434 | PA      | $1889334.73   | 0.11%             | 2036-05-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                      | Bank of New York Mellon (The)                                              | CUSIP: 06405LAG6<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   3311000 | PA      | $3320906.51   | 0.19%             | 2027-04-20      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Chevron U.S.A. Inc.                                | Chevron U.S.A. Inc.                                                        | CUSIP: 166756BA3<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   6465000 | PA      | $6467597.64   | 0.37%             | 2027-02-26      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC           | Volkswagen Group of America Finance, LLC                                   | CUSIP: 928668CA8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   9785000 | PA      | $9921639.99   | 0.56%             | 2026-11-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank, N.A.                             | Wells Fargo Bank, N.A.                                                     | CUSIP: 94988J6C6<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12005767.80  | 0.68%             | 2025-08-01      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                    | CUSIP: 58769JAH0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10002438.80  | 0.57%             | 2025-08-01      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                     | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   5608000 | PA      | $5638183.49   | 0.32%             | 2028-01-10      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                       | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   8150000 | PA      | $8257908.61   | 0.47%             | 2027-04-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding               | Jackson National Life Global Funding                                       | CUSIP: 46849LUX7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |  16667000 | PA      | $16744378.05  | 0.95%             | 2026-01-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                            | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5129000 | PA      | $5156506.11   | 0.29%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding 1 LLC                   | Wheels Fleet Lease Funding 1 LLC, Series 2024-1A, Class A2                 | CUSIP: 96328GBN6<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   4093971 | PA      | $4100242.17   | 0.23%             | 2039-02-18      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                        | Toronto-Dominion Bank (The)                                                | CUSIP: 89115A2T8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  13050000 | PA      | $13132790.77  | 0.74%             | 2026-07-17      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                              | Quanta Services, Inc.                                                      | CUSIP: 74767GT44<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $16988678.00  | 0.96%             | 2025-06-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Brookfield Corporate Treasury Ltd.                 | Brookfield Corporate Treasury Ltd.                                         | CUSIP: 11271ETS7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $19929300.00  | 1.13%             | 2025-06-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                           | Bristol-Myers Squibb Co.                                                   | CUSIP: 110122EM6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   4651000 | PA      | $4659327.76   | 0.26%             | 2026-02-20      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| U.S. Bank N.A.                                     | U.S. Bank N.A.                                                             | CUSIP: 90331HPQ0<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9997965.10   | 0.57%             | 2027-10-22      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                   | Sumitomo Mitsui Trust Bank, Ltd.                                           | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   4349000 | PA      | $4411591.59   | 0.25%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Sonoco Products Co.                                | Sonoco Products Co.                                                        | CUSIP: 83549RTC8<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $15970368.00  | 0.90%             | 2025-06-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Cargill, Inc.                                      | Cargill, Inc.                                                              | CUSIP: 141781CC6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10007922.80  | 0.57%             | 2028-02-11      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Funding, LLC                        | Synchrony Card Funding, LLC, Series 2024-A1, Class A                       | CUSIP: 87166PAM3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10123226.00  | 0.57%             | 2030-03-15      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Natixis S.A.                                       | Natixis S.A.                                                               | CUSIP: 63873QX33<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | DBT              | CORP              | FR        |  15000000 | PA      | $15012704.25  | 0.85%             | 2025-08-04      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc.                               | Global Payments Inc.                                                       | CUSIP: 37961CT28<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9995921.00   | 0.57%             | 2025-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                     | Commonwealth Bank of Australia                                             | CUSIP: 2027A0KQ1<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |  14512000 | PA      | $14558571.18  | 0.82%             | 2026-03-13      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Conagra Brands, Inc.                               | Conagra Brands, Inc.                                                       | CUSIP: 20600GT30<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19989560.00  | 1.13%             | 2025-06-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AES Corp. (The)                                    | AES Corp. (The)                                                            | CUSIP: 00809GT56<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |  14500000 | PA      | $14488443.50  | 0.82%             | 2025-06-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trust 2024-2             | Citizens Auto Receivables Trust 2024-2, Series 2024-2, Class A3            | CUSIP: 17331XAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7625000 | PA      | $7676968.95   | 0.43%             | 2028-08-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC            | Daimler Truck Finance North America LLC                                    | CUSIP: 233853AY6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   5905000 | PA      | $5964891.70   | 0.34%             | 2027-09-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc.                     | Jefferies Financial Group Inc.                                             | CUSIP: 47233WHZ5<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   9130000 | PA      | $9130202.14   | 0.52%             | 2026-02-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| U.S. Bank N.A.                                     | U.S. Bank N.A.                                                             | CUSIP: 90331HPT4<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10020626.80  | 0.57%             | 2028-05-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Invesco Management Trust

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer