# EDGAR Filing Document

**Accession Number:** 0000912577
**File Stem:** 0001193125-25-292334
**Filing Date:** 2025-11
**Character Count:** 219503
**Document Hash:** 3a5b9fe221226e5204ba204b2ce68972
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292334.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292334

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERATED HERMES INSURANCE SERIES
- **CENTRAL INDEX KEY:** 0000912577

**ORGANIZATION NAME:**
- **EIN:** 256425525
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08042
- **FILM NUMBER:** 251509909

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INSURANCE SERIES
- **DATE OF NAME CHANGE:** 19960328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSURANCE MANAGEMENT SERIES
- **DATE OF NAME CHANGE:** 19930924

## Series and Classes Contracts Data

### Federated Hermes Quality Bond Fund II (Series ID: S000009744)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000026769 | Primary Shares |  |
| C000026770 | Service Shares |  |

## Nport-Ex

Federated Hermes Quality Bond Fund II

Portfolio of Investments

September 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—94.2% |  |
|  | **Basic Industry - Chemicals—0.4%** |  |
| $475000 | RPM International, Inc., Sr. Unsecd. Note, 4.550%, 3/1/2029 | &nbsp;&nbsp; $478567 |
|  | **Basic Industry - Metals & Mining—0.8%** |  |
| &nbsp;&nbsp; 335000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.250%, 3/17/2028 | &nbsp;&nbsp; 317602 |
| &nbsp;&nbsp; 200000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 2.875%, 3/17/2031 | &nbsp;&nbsp; 183413 |
| &nbsp;&nbsp; 200000 | Anglo American Capital PLC, Sr. Unsecd. Note, 144A, 5.500%, 5/2/2033 | &nbsp;&nbsp; 207209 |
| &nbsp;&nbsp; 340000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 6.125%, 10/6/2028 | &nbsp;&nbsp; 357067 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1065291 |
|  | **Basic Industry - Paper—0.3%** |  |
| &nbsp;&nbsp; 380000 | Smurfit Kappa Treasury Unlimited Co., Sr. Unsecd. Note, 5.200%, 1/15/2030 | &nbsp;&nbsp; 391557 |
|  | **Capital Goods - Aerospace & Defense—2.7%** |  |
| &nbsp;&nbsp; 580000 | Airbus Group SE, Sr. Unsecd. Note, 144A, 3.150%, 4/10/2027 | &nbsp;&nbsp; 573748 |
| &nbsp;&nbsp; 200000 | BAE Systems PLC, Sr. Unsecd. Note, 144A, 3.400%, 4/15/2030 | &nbsp;&nbsp; 192838 |
| &nbsp;&nbsp; 565000 | Boeing Co., Sr. Unsecd. Note, 2.700%, 2/1/2027 | &nbsp;&nbsp; 553692 |
| &nbsp;&nbsp; 470000 | Boeing Co., Sr. Unsecd. Note, 3.625%, 2/1/2031 | &nbsp;&nbsp; 450474 |
| &nbsp;&nbsp; 190000 | Boeing Co., Sr. Unsecd. Note, 6.528%, 5/1/2034 | &nbsp;&nbsp; 210189 |
| &nbsp;&nbsp; 385000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027 | &nbsp;&nbsp; 379092 |
| &nbsp;&nbsp; 565000 | Leidos, Inc., Sr. Unsecd. Note, Series WI, 2.300%, 2/15/2031 | &nbsp;&nbsp; 504292 |
| &nbsp;&nbsp; 755000 | RTX Corp., Sr. Unsecd. Note, 4.125%, 11/16/2028 | &nbsp;&nbsp; 754582 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3618907 |
|  | **Capital Goods - Building Materials—0.9%** |  |
| &nbsp;&nbsp; 395000 | Allegion PLC, Sr. Unsecd. Note, 3.500%, 10/1/2029 | &nbsp;&nbsp; 382260 |
| &nbsp;&nbsp; 150000 | Allegion US Holdings Co., Inc., Sr. Unsecd. Note, 5.600%, 5/29/2034 | &nbsp;&nbsp; 156756 |
| &nbsp;&nbsp; 140000 | Carrier Global Corp., Sr. Unsecd. Note, 5.900%, 3/15/2034 | &nbsp;&nbsp; 150308 |
| &nbsp;&nbsp; 293000 | Masco Corp., Sr. Unsecd. Note, 2.000%, 10/1/2030 | &nbsp;&nbsp; 262092 |
| &nbsp;&nbsp; 293000 | Masco Corp., Sr. Unsecd. Note, 3.500%, 11/15/2027 | &nbsp;&nbsp; 288939 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1240355 |
|  | **Capital Goods - Construction Machinery—1.3%** |  |
| &nbsp;&nbsp; 490000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 1.500%, 8/12/2026 | &nbsp;&nbsp; 478570 |
| &nbsp;&nbsp; 200000 | Ashtead Capital, Inc., Sr. Unsecd. Note, 144A, 5.550%, 5/30/2033 | &nbsp;&nbsp; 206417 |
| &nbsp;&nbsp; 565000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 1.450%, 7/15/2026 | &nbsp;&nbsp; 553034 |
| &nbsp;&nbsp; 560000 | CNH Industrial NV, Sr. Unsecd. Note, Series MTN, 3.850%, 11/15/2027 | &nbsp;&nbsp; 557296 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1795317 |
|  | **Capital Goods - Diversified Manufacturing—1.4%** |  |
| &nbsp;&nbsp; 565000 | Honeywell International, Inc., Sr. Unsecd. Note, 1.950%, 6/1/2030 | &nbsp;&nbsp; 512111 |
| &nbsp;&nbsp; 525000 | Hubbell, Inc., Sr. Unsecd. Note, 2.300%, 3/15/2031 | &nbsp;&nbsp; 472102 |
| &nbsp;&nbsp; 190000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.176%, 6/15/2029 | &nbsp;&nbsp; 196401 |
| &nbsp;&nbsp; 85000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.450%, 6/15/2034 | &nbsp;&nbsp; 88677 |
| &nbsp;&nbsp; 490000 | Vontier Corp., Sr. Unsecd. Note, Series WI, 2.400%, 4/1/2028 | &nbsp;&nbsp; 466393 |
| &nbsp;&nbsp; 125000 | Wabtec Corp., Sr. Unsecd. Note, 5.611%, 3/11/2034 | &nbsp;&nbsp; 131499 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1867183 |
|  | **Capital Goods - Environmental—0.2%** |  |
| &nbsp;&nbsp; 240000 | Waste Connections, Inc., Sr. Unsecd. Note, 5.250%, 9/1/2035 | &nbsp;&nbsp; 247406 |
|  | **Communications - Cable & Satellite—1.2%** |  |
| &nbsp;&nbsp; 85000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 6.100%, 6/1/2029<br>| &nbsp;&nbsp; 89215 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Communications - Cable & Satellite—continued** |  |
| $145000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 6.550%, 6/1/2034<br>| &nbsp;&nbsp; $154582 |
| &nbsp;&nbsp; 390000 | Comcast Corp., Sr. Unsecd. Note, 2.350%, 1/15/2027 | &nbsp;&nbsp; 382345 |
| &nbsp;&nbsp; 725000 | Comcast Corp., Sr. Unsecd. Note, 2.650%, 2/1/2030 | &nbsp;&nbsp; 680003 |
| &nbsp;&nbsp; 290000<br><sup>1</sup> <br>| Comcast Corp., Sr. Unsecd. Note, 4.950%, 5/15/2032 | &nbsp;&nbsp; 297456 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1603601 |
|  | **Communications - Media & Entertainment—1.7%** |  |
| &nbsp;&nbsp; 335000 | AppLovin Corp., Sr. Unsecd. Note, 5.375%, 12/1/2031 | &nbsp;&nbsp; 346674 |
| &nbsp;&nbsp; 230000 | AppLovin Corp., Sr. Unsecd. Note, 5.500%, 12/1/2034 | &nbsp;&nbsp; 237532 |
| &nbsp;&nbsp; 215000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.500%, 8/15/2027 | &nbsp;&nbsp; 214153 |
| &nbsp;&nbsp; 245000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.850%, 8/15/2032 | &nbsp;&nbsp; 238539 |
| &nbsp;&nbsp; 965000 | Netflix, Inc., Sr. Unsecd. Note, 144A, 4.875%, 6/15/2030 | &nbsp;&nbsp; 992160 |
| &nbsp;&nbsp; 295000 | Paramount Global, Sr. Unsecd. Note, 4.200%, 5/19/2032 | &nbsp;&nbsp; 274929 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2303987 |
|  | **Communications - Telecom Wireless—2.1%** |  |
| &nbsp;&nbsp; 290000 | America Movil S.A.B. de C.V., Sr. Unsecd. Note, 5.000%, 1/20/2033 | &nbsp;&nbsp; 294852 |
| &nbsp;&nbsp; 475000 | American Tower Corp., Sr. Unsecd. Note, 1.450%, 9/15/2026 | &nbsp;&nbsp; 463637 |
| &nbsp;&nbsp; 225000 | American Tower Corp., Sr. Unsecd. Note, 4.900%, 3/15/2030 | &nbsp;&nbsp; 229540 |
| &nbsp;&nbsp; 240000 | Crown Castle, Inc., Sr. Unsecd. Note, 4.800%, 9/1/2028 | &nbsp;&nbsp; 243489 |
| &nbsp;&nbsp; 240000 | Crown Castle, Inc., Sr. Unsecd. Note, 5.100%, 5/1/2033 | &nbsp;&nbsp; 242990 |
| &nbsp;&nbsp; 850000 | T-Mobile USA, Inc., Series WI, 3.875%, 4/15/2030 | &nbsp;&nbsp; 833746 |
| &nbsp;&nbsp; 475000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 5.050%, 7/15/2033 | &nbsp;&nbsp; 485346 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2793600 |
|  | **Communications - Telecom Wirelines—2.4%** |  |
| &nbsp;&nbsp; 827000 | AT&T, Inc., Sr. Unsecd. Note, 2.550%, 12/1/2033 | &nbsp;&nbsp; 704537 |
| &nbsp;&nbsp; 250000 | AT&T, Inc., Sr. Unsecd. Note, 4.900%, 11/1/2035 | &nbsp;&nbsp; 248146 |
| &nbsp;&nbsp; 245000 | AT&T, Inc., Sr. Unsecd. Note, 5.375%, 8/15/2035 | &nbsp;&nbsp; 252427 |
| &nbsp;&nbsp; 200000 | NBN Co. Ltd., Sr. Unsecd. Note, 144A, 4.000%, 10/1/2027 | &nbsp;&nbsp; 199234 |
| &nbsp;&nbsp; 190000 | Rogers Communications, Inc., Sr. Unsecd. Note, 5.000%, 2/15/2029 | &nbsp;&nbsp; 193671 |
| &nbsp;&nbsp; 190000 | Rogers Communications, Inc., Sr. Unsecd. Note, 5.300%, 2/15/2034 | &nbsp;&nbsp; 192815 |
| &nbsp;&nbsp; 240000 | Telefonica S.A., Co. Guarantee, 7.045%, 6/20/2036 | &nbsp;&nbsp; 270872 |
| &nbsp;&nbsp; 755000 | Verizon Communications, Inc., Sr. Unsecd. Note, 1.750%, 1/20/2031 | &nbsp;&nbsp; 660735 |
| &nbsp;&nbsp; 385000 | Verizon Communications, Inc., Sr. Unsecd. Note, 2.550%, 3/21/2031 | &nbsp;&nbsp; 350133 |
| &nbsp;&nbsp; 165000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.150%, 3/22/2030 | &nbsp;&nbsp; 157827 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3230397 |
|  | **Consumer Cyclical - Automotive—3.5%** |  |
| &nbsp;&nbsp; 225000 | American Honda Finance Corp., Sr. Unsecd. Note, Series GMTN, 4.400%, 9/5/2029 | &nbsp;&nbsp; 226296 |
| &nbsp;&nbsp; 285000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 5.125%, 1/19/2028 | &nbsp;&nbsp; 290091 |
| &nbsp;&nbsp; 565000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 5.125%, 9/25/2029 | &nbsp;&nbsp; 580027 |
| &nbsp;&nbsp; 240000 | Ford Motor Co., Sr. Unsecd. Note, 4.346%, 12/8/2026 | &nbsp;&nbsp; 239054 |
| &nbsp;&nbsp; 240000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 5.800%, 3/8/2029 | &nbsp;&nbsp; 243613 |
| &nbsp;&nbsp; 200000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.500%, 2/7/2035 | &nbsp;&nbsp; 205577 |
| &nbsp;&nbsp; 275000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.798%, 11/7/2028 | &nbsp;&nbsp; 287207 |
| &nbsp;&nbsp; 200000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 7.122%, 11/7/2033 | &nbsp;&nbsp; 213875 |
| &nbsp;&nbsp; 475000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.400%, 4/10/2028 | &nbsp;&nbsp; 453270 |
| &nbsp;&nbsp; 240000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.350%, 1/7/2030 | &nbsp;&nbsp; 245906 |
| &nbsp;&nbsp; 200000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.850%, 4/6/2030 | &nbsp;&nbsp; 209257 |
| &nbsp;&nbsp; 210000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 4.500%, 9/18/2030 | &nbsp;&nbsp; 209092 |
| &nbsp;&nbsp; 640000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 5.300%, 1/8/2029 | &nbsp;&nbsp; 655707 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Cyclical - Automotive—continued** |  |
| $680000 | Nissan Motor Co., Ltd., Sr. Unsecd. Note, 144A, 4.345%, 9/17/2027 | &nbsp;&nbsp; $667683 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4726655 |
|  | **Consumer Cyclical - Retailers—2.8%** |  |
| &nbsp;&nbsp; 995000 | Advance Auto Parts, Inc., Sr. Unsecd. Note, Series WI, 3.900%, 4/15/2030 | &nbsp;&nbsp; 924563 |
| &nbsp;&nbsp; 445000 | Alimentation Couche-Tard, Inc., Sr. Unsecd. Note, 144A, 2.950%, 1/25/2030 | &nbsp;&nbsp; 420502 |
| &nbsp;&nbsp; 250000 | AutoNation, Inc., Sr. Unsecd. Note, 4.750%, 6/1/2030 | &nbsp;&nbsp; 251468 |
| &nbsp;&nbsp; 230000 | AutoZone, Inc., Sr. Unsecd. Note, 4.750%, 2/1/2033 | &nbsp;&nbsp; 230472 |
| &nbsp;&nbsp; 240000 | AutoZone, Inc., Sr. Unsecd. Note, 5.400%, 7/15/2034 | &nbsp;&nbsp; 249194 |
| &nbsp;&nbsp; 260000 | Costco Wholesale Corp., Sr. Unsecd. Note, 1.375%, 6/20/2027 | &nbsp;&nbsp; 249851 |
| &nbsp;&nbsp; 475000 | Home Depot, Inc., Sr. Unsecd. Note, 4.750%, 6/25/2029 | &nbsp;&nbsp; 486654 |
| &nbsp;&nbsp; 305000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 1.750%, 3/15/2031 | &nbsp;&nbsp; 265963 |
| &nbsp;&nbsp; 115000 | O'Reilly Automotive, Inc., Sr. Unsecd. Note, 4.200%, 4/1/2030 | &nbsp;&nbsp; 114681 |
| &nbsp;&nbsp; 545000 | Tractor Supply Co., Sr. Unsecd. Note, 1.750%, 11/1/2030 | &nbsp;&nbsp; 479457 |
| &nbsp;&nbsp; 90000 | Tractor Supply Co., Sr. Unsecd. Note, 5.250%, 5/15/2033 | &nbsp;&nbsp; 92965 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3765770 |
|  | **Consumer Cyclical - Services—1.5%** |  |
| &nbsp;&nbsp; 200000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 2.125%, 2/9/2031 | &nbsp;&nbsp; 180424 |
| &nbsp;&nbsp; 475000 | Alibaba Group Holding Ltd., Sr. Unsecd. Note, 3.400%, 12/6/2027 | &nbsp;&nbsp; 469483 |
| &nbsp;&nbsp; 160000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.150%, 8/22/2027 | &nbsp;&nbsp; 158292 |
| &nbsp;&nbsp; 250000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.300%, 4/13/2027 | &nbsp;&nbsp; 248274 |
| &nbsp;&nbsp; 705000 | Cintas Corp. No. 2, Sr. Unsecd. Note, 3.700%, 4/1/2027 | &nbsp;&nbsp; 702443 |
| &nbsp;&nbsp; 54000 | Expedia Group, Inc., Sr. Unsecd. Note, Series WI, 2.950%, 3/15/2031 | &nbsp;&nbsp; 50085 |
| &nbsp;&nbsp; 235000 | Uber Technologies, Inc., Sr. Unsecd. Note, 4.300%, 1/15/2030 | &nbsp;&nbsp; 235854 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2044855 |
|  | **Consumer Non-Cyclical - Food/Beverage—4.5%** |  |
| &nbsp;&nbsp; 425000 | Anheuser-Busch InBev Worldwide, Inc., Sr. Unsecd. Note, 4.750%, 1/23/2029 | &nbsp;&nbsp; 433810 |
| &nbsp;&nbsp; 955000 | Coca-Cola Femsa S.A.B. de C.V., Sr. Unsecd. Note, 2.750%, 1/22/2030 | &nbsp;&nbsp; 897579 |
| &nbsp;&nbsp; 705000 | Constellation Brands, Inc., Sr. Unsecd. Note, 4.650%, 11/15/2028 | &nbsp;&nbsp; 712995 |
| &nbsp;&nbsp; 360000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | &nbsp;&nbsp; 356918 |
| &nbsp;&nbsp; 265000 | Flowers Foods, Inc., Sr. Unsecd. Note, 5.750%, 3/15/2035 | &nbsp;&nbsp; 270106 |
| &nbsp;&nbsp; 730000 | Keurig Dr Pepper, Inc., Sr. Unsecd. Note, 3.950%, 4/15/2029 | &nbsp;&nbsp; 718232 |
| &nbsp;&nbsp; 392000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 3.000%, 6/1/2026 | &nbsp;&nbsp; 388815 |
| &nbsp;&nbsp; 835000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, Series WI, 3.875%, 5/15/2027 | &nbsp;&nbsp; 831662 |
| &nbsp;&nbsp; 245000 | Mars, Inc., Sr. Unsecd. Note, 144A, 5.000%, 3/1/2032 | &nbsp;&nbsp; 250756 |
| &nbsp;&nbsp; 245000 | Mars, Inc., Sr. Unsecd. Note, 144A, 5.200%, 3/1/2035 | &nbsp;&nbsp; 250551 |
| &nbsp;&nbsp; 295000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 2.625%, 9/13/2031 | &nbsp;&nbsp; 258562 |
| &nbsp;&nbsp; 500000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 3.000%, 10/15/2030 | &nbsp;&nbsp; 457027 |
| &nbsp;&nbsp; 60000 | Smithfield Foods, Inc., Sr. Unsecd. Note, 144A, 4.250%, 2/1/2027 | &nbsp;&nbsp; 59613 |
| &nbsp;&nbsp; 150000 | Tyson Foods, Inc., Sr. Unsecd. Note, 5.400%, 3/15/2029 | &nbsp;&nbsp; 155207 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 6041833 |
|  | **Consumer Non-Cyclical - Health Care—1.8%** |  |
| &nbsp;&nbsp; 240000 | Becton Dickinson & Co., Sr. Unsecd. Note, 3.700%, 6/6/2027 | &nbsp;&nbsp; 238489 |
| &nbsp;&nbsp; 500000 | CVS Health Corp., Sr. Unsecd. Note, 4.300%, 3/25/2028 | &nbsp;&nbsp; 500398 |
| &nbsp;&nbsp; 485000 | CVS Health Corp., Sr. Unsecd. Note, 5.250%, 2/21/2033 | &nbsp;&nbsp; 496373 |
| &nbsp;&nbsp; 225000 | DH Europe Finance II S.a.r.l., Sr. Unsecd. Note, 2.600%, 11/15/2029 | &nbsp;&nbsp; 212129 |
| &nbsp;&nbsp; 285000 | GE HealthCare Technologies, Inc., Sr. Unsecd. Note, 5.905%, 11/22/2032 | &nbsp;&nbsp; 306788 |
| &nbsp;&nbsp; 85000 | HCA, Inc., Sr. Unsecd. Note, 3.125%, 3/15/2027 | &nbsp;&nbsp; 83844 |
| &nbsp;&nbsp; 475000 | HCA, Inc., Sr. Unsecd. Note, 5.500%, 6/1/2033 | &nbsp;&nbsp; 493671 |
| &nbsp;&nbsp; 113000 | Solventum Corp., Sr. Unsecd. Note, Series WI, 5.400%, 3/1/2029 | &nbsp;&nbsp; 116639 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2448331 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Non-Cyclical - Pharmaceuticals—3.1%** |  |
| $428000 | Abbott Laboratories, Sr. Unsecd. Note, 3.750%, 11/30/2026 | &nbsp;&nbsp; $427981 |
| &nbsp;&nbsp; 250000 | AbbVie, Inc., Sr. Unsecd. Note, 3.200%, 11/21/2029 | &nbsp;&nbsp; 241259 |
| &nbsp;&nbsp; 67000 | AbbVie, Inc., Sr. Unsecd. Note, 4.750%, 3/15/2045 | &nbsp;&nbsp; 62166 |
| &nbsp;&nbsp; 485000 | AbbVie, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2034 | &nbsp;&nbsp; 499244 |
| &nbsp;&nbsp; 940000 | Amgen, Inc., Sr. Unsecd. Note, 5.250%, 3/2/2030 | &nbsp;&nbsp; 974606 |
| &nbsp;&nbsp; 225000 | Biogen, Inc., Sr. Unsecd. Note, 2.250%, 5/1/2030 | &nbsp;&nbsp; 205338 |
| &nbsp;&nbsp; 395000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, 4.900%, 2/22/2029 | &nbsp;&nbsp; 405686 |
| &nbsp;&nbsp; 147000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 5.000%, 8/15/2045 | &nbsp;&nbsp; 140313 |
| &nbsp;&nbsp; 635000 | Regeneron Pharmaceuticals, Inc., Sr. Unsecd. Note, 1.750%, 9/15/2030 | &nbsp;&nbsp; 560245 |
| &nbsp;&nbsp; 425000 | Revvity, Inc., Sr. Unsecd. Note, 3.300%, 9/15/2029 | &nbsp;&nbsp; 406545 |
| &nbsp;&nbsp; 290000 | Teva Pharmaceutical Finance Netherlands III B.V., Sr. Unsecd. Note, 3.150%, 10/1/2026 | &nbsp;&nbsp; 285091 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4208474 |
|  | **Consumer Non-Cyclical - Products—0.1%** |  |
| &nbsp;&nbsp; 195000 | Kenvue, Inc., Sr. Unsecd. Note, 5.000%, 3/22/2030 | &nbsp;&nbsp; 200386 |
|  | **Consumer Non-Cyclical - Supermarkets—0.5%** |  |
| &nbsp;&nbsp; 575000 | Kroger Co., Bond, 6.900%, 4/15/2038 | &nbsp;&nbsp; 659866 |
|  | **Consumer Non-Cyclical - Tobacco—1.7%** |  |
| &nbsp;&nbsp; 285000 | BAT Capital Corp., Sr. Unsecd. Note, 5.834%, 2/20/2031 | &nbsp;&nbsp; 301560 |
| &nbsp;&nbsp; 285000 | BAT Capital Corp., Sr. Unsecd. Note, 7.750%, 10/19/2032 | &nbsp;&nbsp; 333283 |
| &nbsp;&nbsp; 290000 | Philip Morris International, Inc., Sr. Unsecd. Note, 4.750%, 11/1/2031 | &nbsp;&nbsp; 295143 |
| &nbsp;&nbsp; 290000 | Philip Morris International, Inc., Sr. Unsecd. Note, 4.875%, 2/13/2029 | &nbsp;&nbsp; 296343 |
| &nbsp;&nbsp; 485000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.125%, 2/15/2030 | &nbsp;&nbsp; 501430 |
| &nbsp;&nbsp; 135000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.625%, 11/17/2029 | &nbsp;&nbsp; 142095 |
| &nbsp;&nbsp; 345000 | Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041 | &nbsp;&nbsp; 374067 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2243921 |
|  | **Energy - Independent—1.7%** |  |
| &nbsp;&nbsp; 210000 | Cimarex Energy Co., Sr. Unsecd. Note, 4.375%, 3/15/2029 | &nbsp;&nbsp; 201887 |
| &nbsp;&nbsp; 190000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 5.150%, 1/30/2030 | &nbsp;&nbsp; 195762 |
| &nbsp;&nbsp; 285000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 5.400%, 4/18/2034 | &nbsp;&nbsp; 291057 |
| &nbsp;&nbsp; 150000 | Diamondback Energy, Inc., Sr. Unsecd. Note, 6.250%, 3/15/2033 | &nbsp;&nbsp; 161666 |
| &nbsp;&nbsp; 660000 | Hess Corp., Sr. Unsecd. Note, 4.300%, 4/1/2027 | &nbsp;&nbsp; 662462 |
| &nbsp;&nbsp; 190000 | Ovintiv, Inc., Sr. Unsecd. Note, 5.650%, 5/15/2028 | &nbsp;&nbsp; 195741 |
| &nbsp;&nbsp; 550000 | Ovintiv, Inc., Sr. Unsecd. Note, 6.250%, 7/15/2033 | &nbsp;&nbsp; 580415 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2288990 |
|  | **Energy - Integrated—1.3%** |  |
| &nbsp;&nbsp; 485000 | BP Capital Markets America, Inc., Sr. Unsecd. Note, 4.699%, 4/10/2029 | &nbsp;&nbsp; 494229 |
| &nbsp;&nbsp; 285000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 2.650%, 1/15/2032 | &nbsp;&nbsp; 252246 |
| &nbsp;&nbsp; 485000 | Cenovus Energy, Inc., Sr. Unsecd. Note, 4.250%, 4/15/2027 | &nbsp;&nbsp; 485211 |
| &nbsp;&nbsp; 415000 | CNPC Hong Kong Overseas Capital Ltd., Co. Guarantee, 144A, 5.950%, 4/28/2041 | &nbsp;&nbsp; 463996 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1695682 |
|  | **Energy - Midstream—3.8%** |  |
| &nbsp;&nbsp; 250000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.400%, 2/15/2031 | &nbsp;&nbsp; 234226 |
| &nbsp;&nbsp; 290000 | Enbridge, Inc., Sr. Unsecd. Note, 5.550%, 6/20/2035 | &nbsp;&nbsp; 299256 |
| &nbsp;&nbsp; 285000 | Energy Transfer LP, Sr. Unsecd. Note, 3.750%, 5/15/2030 | &nbsp;&nbsp; 276816 |
| &nbsp;&nbsp; 100000 | Energy Transfer LP, Sr. Unsecd. Note, 5.550%, 5/15/2034 | &nbsp;&nbsp; 102646 |
| &nbsp;&nbsp; 375000 | MPLX LP, Sr. Unsecd. Note, 4.125%, 3/1/2027 | &nbsp;&nbsp; 374605 |
| &nbsp;&nbsp; 390000 | MPLX LP, Sr. Unsecd. Note, 5.000%, 1/15/2033 | &nbsp;&nbsp; 389220 |
| &nbsp;&nbsp; 600000 | National Fuel Gas Co., Sr. Unsecd. Note, 2.950%, 3/1/2031 | &nbsp;&nbsp; 547856 |
| &nbsp;&nbsp; 330000 | ONEOK, Inc., Sr. Unsecd. Note, 4.000%, 7/13/2027 | &nbsp;&nbsp; 329078 |
| &nbsp;&nbsp; 335000 | ONEOK, Inc., Sr. Unsecd. Note, 6.000%, 6/15/2035 | &nbsp;&nbsp; 352768 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Energy - Midstream—continued** |  |
| $120000 | ONEOK, Inc., Sr. Unsecd. Note, 6.100%, 11/15/2032 | &nbsp;&nbsp; $128657 |
| &nbsp;&nbsp; 475000 | Plains All American Pipeline LP, Sr. Unsecd. Note, 3.550%, 12/15/2029 | &nbsp;&nbsp; 458761 |
| &nbsp;&nbsp; 135000 | Targa Resources, Inc., Sr. Unsecd. Note, 4.200%, 2/1/2033 | &nbsp;&nbsp; 128333 |
| &nbsp;&nbsp; 380000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.125%, 3/15/2033 | &nbsp;&nbsp; 404280 |
| &nbsp;&nbsp; 260000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.150%, 3/1/2029 | &nbsp;&nbsp; 274054 |
| &nbsp;&nbsp; 565000 | TC Pipelines, LP, Sr. Unsecd. Note, 3.900%, 5/25/2027 | &nbsp;&nbsp; 562035 |
| &nbsp;&nbsp; 265000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.300%, 9/30/2035 | &nbsp;&nbsp; 269044 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5131635 |
|  | **Energy - Refining—0.4%** |  |
| &nbsp;&nbsp; 320000 | Valero Energy Corp., Sr. Unsecd. Note, 6.625%, 6/15/2037 | &nbsp;&nbsp; 354985 |
| &nbsp;&nbsp; 205000 | Valero Energy Corp., Sr. Unsecd. Note, 7.500%, 4/15/2032 | &nbsp;&nbsp; 237276 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 592261 |
|  | **Financial Institution - Banking—22.7%** |  |
| &nbsp;&nbsp; 155000 | American Express Co., Sr. Unsecd. Note, 5.085%, 1/30/2031 | &nbsp;&nbsp; 159876 |
| &nbsp;&nbsp; 60000 | Associated Banc-Corp., Sr. Unsecd. Note, 6.455%, 8/29/2030 | &nbsp;&nbsp; 62215 |
| &nbsp;&nbsp; 285000 | Bank of America Corp., Sr. Unsecd. Note, 1.734%, 7/22/2027 | &nbsp;&nbsp; 279339 |
| &nbsp;&nbsp; 1850000 | Bank of America Corp., Sr. Unsecd. Note, 2.592%, 4/29/2031 | &nbsp;&nbsp; 1714909 |
| &nbsp;&nbsp; 1180000 | Bank of America Corp., Sr. Unsecd. Note, 3.705%, 4/24/2028 | &nbsp;&nbsp; 1172544 |
| &nbsp;&nbsp; 475000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 3.248%, 10/21/2027 | &nbsp;&nbsp; 468863 |
| &nbsp;&nbsp; 475000 | Bank of America Corp., Sr. Unsecd. Note, Series MTN, 4.271%, 7/23/2029 | &nbsp;&nbsp; 476744 |
| &nbsp;&nbsp; 450000 | Capital One Financial Co., Sr. Unsecd. Note, 4.493%, 9/11/2030 | &nbsp;&nbsp; 446509 |
| &nbsp;&nbsp; 475000 | Citigroup, Inc., 4.125%, 7/25/2028 | &nbsp;&nbsp; 474610 |
| &nbsp;&nbsp; 1325000 | Citigroup, Inc., Sr. Unsecd. Note, 2.572%, 6/3/2031 | &nbsp;&nbsp; 1219381 |
| &nbsp;&nbsp; 475000 | Citigroup, Inc., Sr. Unsecd. Note, 4.075%, 4/23/2029 | &nbsp;&nbsp; 473907 |
| &nbsp;&nbsp; 270000 | Citigroup, Inc., Sr. Unsecd. Note, 5.174%, 9/11/2036 | &nbsp;&nbsp; 272845 |
| &nbsp;&nbsp; 220000 | Citigroup, Inc., Sub. Note, 6.020%, 1/24/2036 | &nbsp;&nbsp; 230575 |
| &nbsp;&nbsp; 90000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 2.500%, 2/6/2030 | &nbsp;&nbsp; 82611 |
| &nbsp;&nbsp; 142000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 5.841%, 1/23/2030 | &nbsp;&nbsp; 148042 |
| &nbsp;&nbsp; 250000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 6.645%, 4/25/2035 | &nbsp;&nbsp; 275187 |
| &nbsp;&nbsp; 285000 | Comerica, Inc., 3.800%, 7/22/2026 | &nbsp;&nbsp; 283462 |
| &nbsp;&nbsp; 150000 | Comerica, Inc., Sr. Unsecd. Note, 5.982%, 1/30/2030 | &nbsp;&nbsp; 156127 |
| &nbsp;&nbsp; 425000 | Fifth Third Bancorp, Sr. Unsecd. Note, 4.337%, 4/25/2033 | &nbsp;&nbsp; 414384 |
| &nbsp;&nbsp; 132000 | Fifth Third Bancorp, Sr. Unsecd. Note, 4.895%, 9/6/2030 | &nbsp;&nbsp; 134177 |
| &nbsp;&nbsp; 250000 | Fifth Third Bank, Inc., Sr. Unsecd. Note, Series BKNT, 2.250%, 2/1/2027 | &nbsp;&nbsp; 243945 |
| &nbsp;&nbsp; 250000 | FNB Corp. (PA), 5.722%, 12/11/2030 | &nbsp;&nbsp; 253942 |
| &nbsp;&nbsp; 190000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 1.431%, 3/9/2027 | &nbsp;&nbsp; 187579 |
| &nbsp;&nbsp; 715000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 1.992%, 1/27/2032 | &nbsp;&nbsp; 631127 |
| &nbsp;&nbsp; 240000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 2.640%, 2/24/2028 | &nbsp;&nbsp; 234996 |
| &nbsp;&nbsp; 1160000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 3.500%, 11/16/2026 | &nbsp;&nbsp; 1152766 |
| &nbsp;&nbsp; 475000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 4.223%, 5/1/2029 | &nbsp;&nbsp; 475660 |
| &nbsp;&nbsp; 385000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.536%, 1/28/2036 | &nbsp;&nbsp; 402066 |
| &nbsp;&nbsp; 245000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.851%, 4/25/2035 | &nbsp;&nbsp; 261126 |
| &nbsp;&nbsp; 230000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 2.550%, 2/4/2030 | &nbsp;&nbsp; 213028 |
| &nbsp;&nbsp; 210000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 6.208%, 8/21/2029 | &nbsp;&nbsp; 221050 |
| &nbsp;&nbsp; 940000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.545%, 11/8/2032 | &nbsp;&nbsp; 843374 |
| &nbsp;&nbsp; 940000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.580%, 4/22/2032 | &nbsp;&nbsp; 854606 |
| &nbsp;&nbsp; 475000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 4.452%, 12/5/2029 | &nbsp;&nbsp; 479048 |
| &nbsp;&nbsp; 240000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.294%, 7/22/2035 | &nbsp;&nbsp; 247977 |
| &nbsp;&nbsp; 155000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.336%, 1/23/2035 | &nbsp;&nbsp; 161157 |
| &nbsp;&nbsp; 390000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.572%, 4/22/2036 | &nbsp;&nbsp; 411279 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $375000 | KeyCorp, Sr. Unsecd. Note, 6.401%, 3/6/2035 | &nbsp;&nbsp; $407089 |
| &nbsp;&nbsp; 385000 | M&T Bank Corp., Sr. Unsecd. Note, 4.553%, 8/16/2028 | &nbsp;&nbsp; 387535 |
| &nbsp;&nbsp; 240000 | M&T Bank Corp., Sr. Unsecd. Note, 5.053%, 1/27/2034 | &nbsp;&nbsp; 240687 |
| &nbsp;&nbsp; 305000 | M&T Bank Corp., Sr. Unsecd. Note, 7.413%, 10/30/2029 | &nbsp;&nbsp; 331397 |
| &nbsp;&nbsp; 525000 | Morgan Stanley, Sr. Unsecd. Note, 0.985%, 12/10/2026 | &nbsp;&nbsp; 521582 |
| &nbsp;&nbsp; 940000 | Morgan Stanley, Sr. Unsecd. Note, 3.625%, 1/20/2027 | &nbsp;&nbsp; 937002 |
| &nbsp;&nbsp; 475000 | Morgan Stanley, Sr. Unsecd. Note, 5.250%, 4/21/2034 | &nbsp;&nbsp; 489983 |
| &nbsp;&nbsp; 185000 | Morgan Stanley, Sr. Unsecd. Note, 5.466%, 1/18/2035 | &nbsp;&nbsp; 192750 |
| &nbsp;&nbsp; 110000 | Morgan Stanley, Sr. Unsecd. Note, 5.587%, 1/18/2036 | &nbsp;&nbsp; 115222 |
| &nbsp;&nbsp; 195000 | Morgan Stanley, Sr. Unsecd. Note, 5.664%, 4/17/2036 | &nbsp;&nbsp; 205829 |
| &nbsp;&nbsp; 475000 | Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.239%, 7/21/2032 | &nbsp;&nbsp; 419629 |
| &nbsp;&nbsp; 155000 | Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 2.699%, 1/22/2031 | &nbsp;&nbsp; 144866 |
| &nbsp;&nbsp; 475000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 3.150%, 5/19/2027 | &nbsp;&nbsp; 468947 |
| &nbsp;&nbsp; 475000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.068%, 1/24/2034 | &nbsp;&nbsp; 484819 |
| &nbsp;&nbsp; 195000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.373%, 7/21/2036 | &nbsp;&nbsp; 200745 |
| &nbsp;&nbsp; 190000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.582%, 6/12/2029 | &nbsp;&nbsp; 196917 |
| &nbsp;&nbsp; 175000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.676%, 1/22/2035 | &nbsp;&nbsp; 184605 |
| &nbsp;&nbsp; 335000 | Regions Financial Corp., Sr. Unsecd. Note, 5.502%, 9/6/2035 | &nbsp;&nbsp; 344541 |
| &nbsp;&nbsp; 65000 | State Street Corp., Sr. Unsecd. Note, 4.421%, 5/13/2033 | &nbsp;&nbsp; 64922 |
| &nbsp;&nbsp; 1130000 | Synovus Bank GA, Sr. Unsecd. Note, 5.625%, 2/15/2028 | &nbsp;&nbsp; 1153885 |
| &nbsp;&nbsp; 155000 | Synovus Financial Corp., Sr. Unsecd. Note, 6.168%, 11/1/2030 | &nbsp;&nbsp; 160967 |
| &nbsp;&nbsp; 475000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 1.125%, 8/3/2027 | &nbsp;&nbsp; 450647 |
| &nbsp;&nbsp; 315000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.071%, 5/20/2031 | &nbsp;&nbsp; 323037 |
| &nbsp;&nbsp; 380000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.122%, 1/26/2034 | &nbsp;&nbsp; 386197 |
| &nbsp;&nbsp; 190000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 7.161%, 10/30/2029 | &nbsp;&nbsp; 205837 |
| &nbsp;&nbsp; 285000 | U.S. Bancorp, Sr. Unsecd. Note, 5.384%, 1/23/2030 | &nbsp;&nbsp; 294726 |
| &nbsp;&nbsp; 240000 | U.S. Bancorp, Sr. Unsecd. Note, 5.836%, 6/12/2034 | &nbsp;&nbsp; 255821 |
| &nbsp;&nbsp; 1180000 | U.S. Bancorp, Sr. Unsecd. Note, Series MTN, 2.215%, 1/27/2028 | &nbsp;&nbsp; 1149709 |
| &nbsp;&nbsp; 765000 | Wells Fargo & Co., Sr. Unsecd. Note, 3.000%, 10/23/2026 | &nbsp;&nbsp; 757382 |
| &nbsp;&nbsp; 300000 | Wells Fargo & Co., Sr. Unsecd. Note, 4.892%, 9/15/2035 | &nbsp;&nbsp; 299517 |
| &nbsp;&nbsp; 225000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.389%, 4/24/2034 | &nbsp;&nbsp; 233861 |
| &nbsp;&nbsp; 240000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.574%, 7/25/2029 | &nbsp;&nbsp; 248777 |
| &nbsp;&nbsp; 707000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.393%, 6/2/2028 | &nbsp;&nbsp; 687414 |
| &nbsp;&nbsp; 1425000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 2.572%, 2/11/2031 | &nbsp;&nbsp; 1324564 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 30492441 |
|  | **Financial Institution - Broker/Asset Mgr/Exchange—1.1%** |  |
| &nbsp;&nbsp; 475000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 2.625%, 10/15/2031 | &nbsp;&nbsp; 422667 |
| &nbsp;&nbsp; 190000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 6.500%, 1/20/2043 | &nbsp;&nbsp; 204121 |
| &nbsp;&nbsp; 235000 | Nuveen LLC, Sr. Unsecd. Note, 144A, 4.000%, 11/1/2028 | &nbsp;&nbsp; 234353 |
| &nbsp;&nbsp; 560000 | Raymond James Financial, Inc., Sr. Unsecd. Note, 4.650%, 4/1/2030 | &nbsp;&nbsp; 568580 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1429721 |
|  | **Financial Institution - Finance Companies—2.3%** |  |
| &nbsp;&nbsp; 195000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.000%, 10/29/2028 | &nbsp;&nbsp; 187979 |
| &nbsp;&nbsp; 475000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 3.300%, 1/30/2032 | &nbsp;&nbsp; 437690 |
| &nbsp;&nbsp; 525000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 4.625%, 10/15/2027 | &nbsp;&nbsp; 529114 |
| &nbsp;&nbsp; 665000 | Air Lease Corp., Sr. Unsecd. Note, 1.875%, 8/15/2026 | &nbsp;&nbsp; 651358 |
| &nbsp;&nbsp; 525000 | Air Lease Corp., Sr. Unsecd. Note, 3.625%, 12/1/2027 | &nbsp;&nbsp; 517119 |
| &nbsp;&nbsp; 130000 | Air Lease Corp., Sr. Unsecd. Note, 5.850%, 12/15/2027 | &nbsp;&nbsp; 133935 |
| &nbsp;&nbsp; 195000 | Aircastle Ltd., Sr. Secd. Note, 144A, 5.000%, 9/15/2030 | &nbsp;&nbsp; 196560 |
| &nbsp;&nbsp; 175000 | Ally Financial, Inc., Sr. Unsecd. Note, 6.992%, 6/13/2029 | &nbsp;&nbsp; 184823 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Finance Companies—continued** |  |
| $240000 | Discover Financial Services, Sr. Unsecd. Note, 4.100%, 2/9/2027 | &nbsp;&nbsp; $239671 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3078249 |
|  | **Financial Institution - Insurance - Health—1.1%** |  |
| &nbsp;&nbsp; 610000 | Centene Corp., Sr. Unsecd. Note, 2.450%, 7/15/2028 | &nbsp;&nbsp; 567320 |
| &nbsp;&nbsp; 300000 | Elevance Health, Inc., Sr. Unsecd. Note, 4.600%, 9/15/2032 | &nbsp;&nbsp; 298265 |
| &nbsp;&nbsp; 190000 | The Cigna Group, Sr. Unsecd. Note, 4.375%, 10/15/2028 | &nbsp;&nbsp; 191024 |
| &nbsp;&nbsp; 390000 | UnitedHealth Group, Inc., Sr. Unsecd. Note, 4.900%, 4/15/2031 | &nbsp;&nbsp; 400018 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1456627 |
|  | **Financial Institution - Insurance - Life—1.6%** |  |
| &nbsp;&nbsp; 340000<br><sup>1</sup> <br>| AIA Group Ltd., Sr. Unsecd. Note, 144A, 3.600%, 4/9/2029 | &nbsp;&nbsp; 334774 |
| &nbsp;&nbsp; 485000 | CoreBridge Global Funding, Sec. Fac. Bond, 144A, 5.200%, 1/12/2029 | &nbsp;&nbsp; 498990 |
| &nbsp;&nbsp; 340000 | CoreBridge Global Funding, Sr. Secd. Note, 144A, 5.900%, 9/19/2028 | &nbsp;&nbsp; 355930 |
| &nbsp;&nbsp; 755000 | Lincoln National Corp., Sr. Unsecd. Note, 3.050%, 1/15/2030 | &nbsp;&nbsp; 717541 |
| &nbsp;&nbsp; 165000 | Massachusetts Mutual Life Insurance Co., Sub. Note, 144A, 8.875%, 6/1/2039 | &nbsp;&nbsp; 223309 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2130544 |
|  | **Financial Institution - Insurance - P&C—0.8%** |  |
| &nbsp;&nbsp; 285000 | Aon North America, Inc., Sr. Unsecd. Note, 5.300%, 3/1/2031 | &nbsp;&nbsp; 297130 |
| &nbsp;&nbsp; 240000 | CNA Financial Corp., Sr. Unsecd. Note, 3.450%, 8/15/2027 | &nbsp;&nbsp; 237187 |
| &nbsp;&nbsp; 95000 | CNA Financial Corp., Sr. Unsecd. Note, 3.900%, 5/1/2029 | &nbsp;&nbsp; 93842 |
| &nbsp;&nbsp; 285000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | &nbsp;&nbsp; 386794 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1014953 |
|  | **Financial Institution - REIT - Apartment—0.9%** |  |
| &nbsp;&nbsp; 375000 | Avalonbay Communities, Inc., Sr. Unsecd. Note, Series MTN, 3.350%, 5/15/2027 | &nbsp;&nbsp; 370771 |
| &nbsp;&nbsp; 110000 | Camden Property Trust, Sr. Unsecd. Note, 2.800%, 5/15/2030 | &nbsp;&nbsp; 103230 |
| &nbsp;&nbsp; 305000 | Mid-America Apartment Communities LP, Sr. Unsub., 1.700%, 2/15/2031 | &nbsp;&nbsp; 265237 |
| &nbsp;&nbsp; 475000 | UDR, Inc., Sr. Unsecd. Note, Series MTN, 2.950%, 9/1/2026 | &nbsp;&nbsp; 470227 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1209465 |
|  | **Financial Institution - REIT - Healthcare—1.3%** |  |
| &nbsp;&nbsp; 420000 | Healthcare Trust of America, Sr. Unsecd. Note, 2.000%, 3/15/2031 | &nbsp;&nbsp; 364777 |
| &nbsp;&nbsp; 670000 | Physicians Realty Trust, Sr. Unsecd. Note, 4.300%, 3/15/2027 | &nbsp;&nbsp; 670486 |
| &nbsp;&nbsp; 195000 | Welltower OP LLC, Sr. Unsecd. Note, 5.125%, 7/1/2035 | &nbsp;&nbsp; 198696 |
| &nbsp;&nbsp; 355000 | Welltower, Inc., Sr. Unsecd. Note, 2.750%, 1/15/2031 | &nbsp;&nbsp; 328426 |
| &nbsp;&nbsp; 235000 | Welltower, Inc., Sr. Unsecd. Note, 3.100%, 1/15/2030 | &nbsp;&nbsp; 224552 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1786937 |
|  | **Financial Institution - REIT - Office—0.5%** |  |
| &nbsp;&nbsp; 240000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 4.900%, 12/15/2030 | &nbsp;&nbsp; 244472 |
| &nbsp;&nbsp; 80000 | Boston Properties LP, Sr. Unsecd. Note, 3.250%, 1/30/2031 | &nbsp;&nbsp; 74419 |
| &nbsp;&nbsp; 120000 | Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 2.750%, 4/1/2032 | &nbsp;&nbsp; 102305 |
| &nbsp;&nbsp; 245000 | Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 9.250%, 7/20/2028 | &nbsp;&nbsp; 272115 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693311 |
|  | **Financial Institution - REIT - Other—1.0%** |  |
| &nbsp;&nbsp; 365000 | Host Hotels & Resorts LP, Sr. Unsecd. Note, 5.700%, 7/1/2034 | &nbsp;&nbsp; 374118 |
| &nbsp;&nbsp; 305000 | ProLogis LP, Sr. Unsecd. Note, 4.375%, 2/1/2029 | &nbsp;&nbsp; 308210 |
| &nbsp;&nbsp; 260000 | WP Carey, Inc., Sr. Unsecd. Note, 2.400%, 2/1/2031 | &nbsp;&nbsp; 233257 |
| &nbsp;&nbsp; 195000 | WP Carey, Inc., Sr. Unsecd. Note, 4.650%, 7/15/2030 | &nbsp;&nbsp; 196238 |
| &nbsp;&nbsp; 240000 | WP Carey, Inc., Sr. Unsecd. Note, 5.375%, 6/30/2034 | &nbsp;&nbsp; 246097 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1357920 |
|  | **Financial Institution - REIT - Retail—1.1%** |  |
| &nbsp;&nbsp; 685000 | Kimco Realty Corp., Sr. Unsecd. Note, 1.900%, 3/1/2028 | &nbsp;&nbsp; 651689 |
| &nbsp;&nbsp; 240000 | Kimco Realty Corp., Sr. Unsecd. Note, 2.700%, 10/1/2030 | &nbsp;&nbsp; 222528 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - REIT - Retail—continued** |  |
| $380000 | Regency Centers LP, Sr. Unsecd. Note, 3.700%, 6/15/2030 | &nbsp;&nbsp; $370082 |
| &nbsp;&nbsp; 285000 | Regency Centers LP, Sr. Unsecd. Note, 5.250%, 1/15/2034 | &nbsp;&nbsp; 293098 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1537397 |
|  | **Sovereign—0.4%** |  |
| &nbsp;&nbsp; 510000 | Inter-American Development Bank, Series MTN, 6.750%, 7/15/2027 | &nbsp;&nbsp; 533257 |
|  | **Technology—8.1%** |  |
| &nbsp;&nbsp; 285000 | Accenture Capital, Inc., Sr. Unsecd. Note, 4.050%, 10/4/2029 | &nbsp;&nbsp; 284937 |
| &nbsp;&nbsp; 120000 | Apple, Inc., Sr. Unsecd. Note, 4.450%, 5/6/2044 | &nbsp;&nbsp; 112694 |
| &nbsp;&nbsp; 160000 | Autodesk, Inc., Sr. Unsecd. Note, 5.300%, 6/15/2035 | &nbsp;&nbsp; 164491 |
| &nbsp;&nbsp; 630000 | Broadcom, Inc., Sr. Unsecd. Note, 4.110%, 9/15/2028 | &nbsp;&nbsp; 632117 |
| &nbsp;&nbsp; 375000 | Broadcom, Inc., Sr. Unsecd. Note, 5.150%, 11/15/2031 | &nbsp;&nbsp; 389757 |
| &nbsp;&nbsp; 130000 | Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.419%, 4/15/2033 | &nbsp;&nbsp; 120360 |
| &nbsp;&nbsp; 240000 | Broadcom, Inc., Sr. Unsecd. Note, 144A, 4.000%, 4/15/2029 | &nbsp;&nbsp; 238970 |
| &nbsp;&nbsp; 240000 | CDW LLC/ CDW Finance Corp., Sr. Unsecd. Note, 2.670%, 12/1/2026 | &nbsp;&nbsp; 235546 |
| &nbsp;&nbsp; 205000 | Concentrix Corp., Sr. Unsecd. Note, 6.650%, 8/2/2026 | &nbsp;&nbsp; 208090 |
| &nbsp;&nbsp; 220000 | Fiserv, Inc., Sr. Secd. Note, 5.250%, 8/11/2035 | &nbsp;&nbsp; 222424 |
| &nbsp;&nbsp; 240000 | Fiserv, Inc., Sr. Unsecd. Note, 2.650%, 6/1/2030 | &nbsp;&nbsp; 222289 |
| &nbsp;&nbsp; 475000 | Fiserv, Inc., Sr. Unsecd. Note, 4.200%, 10/1/2028 | &nbsp;&nbsp; 475188 |
| &nbsp;&nbsp; 215000 | Fiserv, Inc., Sr. Unsecd. Note, 5.450%, 3/2/2028 | &nbsp;&nbsp; 221084 |
| &nbsp;&nbsp; 285000 | Global Payments, Inc., Sr. Unsecd. Note, 2.150%, 1/15/2027 | &nbsp;&nbsp; 277804 |
| &nbsp;&nbsp; 88000 | Global Payments, Inc., Sr. Unsecd. Note, 2.900%, 5/15/2030 | &nbsp;&nbsp; 81469 |
| &nbsp;&nbsp; 283000 | Global Payments, Inc., Sr. Unsecd. Note, 2.900%, 11/15/2031 | &nbsp;&nbsp; 253892 |
| &nbsp;&nbsp; 400000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 4.400%, 10/15/2030 | &nbsp;&nbsp; 397701 |
| &nbsp;&nbsp; 190000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 4.850%, 10/15/2031 | &nbsp;&nbsp; 192051 |
| &nbsp;&nbsp; 190000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 5.000%, 10/15/2034 | &nbsp;&nbsp; 188593 |
| &nbsp;&nbsp; 375000 | Intel Corp., Sr. Unsecd. Note, 5.000%, 2/21/2031 | &nbsp;&nbsp; 385081 |
| &nbsp;&nbsp; 100000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 3.000%, 10/30/2029 | &nbsp;&nbsp; 95123 |
| &nbsp;&nbsp; 230000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 4.950%, 10/15/2034 | &nbsp;&nbsp; 231572 |
| &nbsp;&nbsp; 295000 | Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029 | &nbsp;&nbsp; 294861 |
| &nbsp;&nbsp; 190000 | Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2029 | &nbsp;&nbsp; 194262 |
| &nbsp;&nbsp; 90000 | Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 2/15/2030 | &nbsp;&nbsp; 92061 |
| &nbsp;&nbsp; 540000 | Oracle Corp., Sr. Unsecd. Note, 2.300%, 3/25/2028 | &nbsp;&nbsp; 516373 |
| &nbsp;&nbsp; 220000 | Oracle Corp., Sr. Unsecd. Note, 6.150%, 11/9/2029 | &nbsp;&nbsp; 234655 |
| &nbsp;&nbsp; 405000 | Roper Technologies, Inc., Sr. Unsecd. Note, 2.000%, 6/30/2030 | &nbsp;&nbsp; 363969 |
| &nbsp;&nbsp; 825000 | Roper Technologies, Inc., Sr. Unsecd. Note, 3.800%, 12/15/2026 | &nbsp;&nbsp; 822280 |
| &nbsp;&nbsp; 290000 | Roper Technologies, Inc., Sr. Unsecd. Note, 5.100%, 9/15/2035 | &nbsp;&nbsp; 292451 |
| &nbsp;&nbsp; 760000 | S&P Global, Inc., Sr. Unsecd. Note, 2.900%, 3/1/2032 | &nbsp;&nbsp; 696438 |
| &nbsp;&nbsp; 380000 | Trimble, Inc., Sr. Unsecd. Note, 6.100%, 3/15/2033 | &nbsp;&nbsp; 408682 |
| &nbsp;&nbsp; 520000 | Verisign, Inc., Sr. Unsecd. Note, 2.700%, 6/15/2031 | &nbsp;&nbsp; 468896 |
| &nbsp;&nbsp; 565000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | &nbsp;&nbsp; 563907 |
| &nbsp;&nbsp; 65000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.500%, 8/15/2030 | &nbsp;&nbsp; 65223 |
| &nbsp;&nbsp; 250000 | VMware, Inc., Sr. Unsecd. Note, 1.400%, 8/15/2026 | &nbsp;&nbsp; 244502 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 10889793 |
|  | **Transportation - Railroads—0.7%** |  |
| &nbsp;&nbsp; 475000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 2.450%, 12/2/2031 | &nbsp;&nbsp; 423131 |
| &nbsp;&nbsp; 475000 | Union Pacific Corp., Sr. Unsecd. Note, 2.150%, 2/5/2027 | &nbsp;&nbsp; 464169 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 887300 |
|  | **Transportation - Services—2.0%** |  |
| &nbsp;&nbsp; 380000 | Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 5.000%, 2/15/2029 | &nbsp;&nbsp; 389888 |
| &nbsp;&nbsp; 195000 | GXO Logistics, Inc., Sr. Unsecd. Note, 6.250%, 5/6/2029 | &nbsp;&nbsp; 204868 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Transportation - Services—continued** |  |
| $692000 | GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 1.650%, 7/15/2026 | &nbsp;&nbsp; $677698 |
| &nbsp;&nbsp; 295000 | GXO Logistics, Inc., Sr. Unsecd. Note, Series WI, 2.650%, 7/15/2031 | &nbsp;&nbsp; 263075 |
| &nbsp;&nbsp; 525000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.250%, 7/1/2029 | &nbsp;&nbsp; 540153 |
| &nbsp;&nbsp; 285000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.700%, 2/1/2028 | &nbsp;&nbsp; 293296 |
| &nbsp;&nbsp; 335000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 1.750%, 9/1/2026 | &nbsp;&nbsp; 328011 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2696989 |
|  | **Utility - Electric—6.0%** |  |
| &nbsp;&nbsp; 240000 | AEP Texas, Inc., Sr. Unsecd. Note, 3.950%, 6/1/2028 | &nbsp;&nbsp; 238203 |
| &nbsp;&nbsp; 400000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 2.300%, 3/1/2030 | &nbsp;&nbsp; 366308 |
| &nbsp;&nbsp; 380000 | Duke Energy Corp., Sr. Unsecd. Note, 2.450%, 6/1/2030 | &nbsp;&nbsp; 349912 |
| &nbsp;&nbsp; 380000 | EDP Finance B.V., Sr. Unsecd. Note, 144A, 1.710%, 1/24/2028 | &nbsp;&nbsp; 358603 |
| &nbsp;&nbsp; 200000 | Electricite de France S.A., Sr. Unsecd. Note, 144A, 5.700%, 5/23/2028 | &nbsp;&nbsp; 206971 |
| &nbsp;&nbsp; 190000 | Emera US Finance LP, Sr. Unsecd. Note, 3.550%, 6/15/2026 | &nbsp;&nbsp; 188916 |
| &nbsp;&nbsp; 320000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 1.625%, 7/12/2026 | &nbsp;&nbsp; 313727 |
| &nbsp;&nbsp; 380000 | EverSource Energy, Sr. Unsecd. Note, 5.950%, 2/1/2029 | &nbsp;&nbsp; 398185 |
| &nbsp;&nbsp; 600000 | Exelon Corp., Sr. Unsecd. Note, 4.050%, 4/15/2030 | &nbsp;&nbsp; 593815 |
| &nbsp;&nbsp; 240000 | Exelon Corp., Sr. Unsecd. Note, 5.150%, 3/15/2028 | &nbsp;&nbsp; 245620 |
| &nbsp;&nbsp; 475000 | Exelon Corp., Sr. Unsecd. Note, Series WI, 2.750%, 3/15/2027 | &nbsp;&nbsp; 465848 |
| &nbsp;&nbsp; 230000 | Fortis, Inc. / Canada, Sr. Unsecd. Note, 3.055%, 10/4/2026 | &nbsp;&nbsp; 227420 |
| &nbsp;&nbsp; 475000 | National Rural Utilities Cooperative Finance Corp., Sr. Unsecd. Note, 5.150%, 6/15/2029 | &nbsp;&nbsp; 492294 |
| &nbsp;&nbsp; 250000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 4.625%, 7/15/2027 | &nbsp;&nbsp; 252550 |
| &nbsp;&nbsp; 565000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 5.000%, 2/28/2030 | &nbsp;&nbsp; 582812 |
| &nbsp;&nbsp; 475000 | NiSource, Inc., Sr. Unsecd. Note, 3.490%, 5/15/2027 | &nbsp;&nbsp; 470656 |
| &nbsp;&nbsp; 45000 | NiSource, Inc., Sr. Unsecd. Note, 5.250%, 3/30/2028 | &nbsp;&nbsp; 46197 |
| &nbsp;&nbsp; 235000 | Puget Energy, Inc., Sec. Fac. Bond, 2.379%, 6/15/2028 | &nbsp;&nbsp; 223272 |
| &nbsp;&nbsp; 240000 | Southern Co., Sr. Unsecd. Note, Series A, 3.700%, 4/30/2030 | &nbsp;&nbsp; 234058 |
| &nbsp;&nbsp; 700000 | Southern Power Co., Sr. Unsecd. Note, Series B, 4.900%, 10/1/2035 | &nbsp;&nbsp; 690734 |
| &nbsp;&nbsp; 283000 | Virginia Electric & Power Co., Sr. Unsecd. Note, Series B, 3.750%, 5/15/2027 | &nbsp;&nbsp; 281831 |
| &nbsp;&nbsp; 755000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 1.800%, 10/15/2030 | &nbsp;&nbsp; 668825 |
| &nbsp;&nbsp; 150000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 2.200%, 12/15/2028 | &nbsp;&nbsp; 141496 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 8038253 |
|  | **Utility - Natural Gas—0.3%** |  |
| &nbsp;&nbsp; 475000 | Sempra Energy, Sr. Unsecd. Note, 3.250%, 6/15/2027 | &nbsp;&nbsp; 466865 |
|  | **Utility - Natural Gas Distributor—0.2%** |  |
| &nbsp;&nbsp; 240000 | Southern California Gas Co., Term Loan - 1st Lien, 5.050%, 9/1/2034 | &nbsp;&nbsp; 244320 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $127,083,450)<br>| &nbsp;&nbsp; 126629169 |
|  | U.S. TREASURIES—3.1% |  |
|  | **U.S. Treasury Notes—3.1%** |  |
| &nbsp;&nbsp; 2050000 | United States Treasury Note, 3.875%, 4/30/2030 | &nbsp;&nbsp; 2062927 |
| &nbsp;&nbsp; 2050000 | United States Treasury Note, 4.625%, 2/15/2035 | &nbsp;&nbsp; 2130604 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL U.S. TREASURIES <br>(IDENTIFIED COST $4,150,013)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 4193531 |
|  | MORTGAGE-BACKED SECURITIES—0.0% |  |
|  | **Federal Home Loan Mortgage Corporation—0.0%** |  |
| &nbsp;&nbsp; 166 | Federal Home Loan Mortgage Corp., Pool C01051, 8.000%, 9/1/2030 | &nbsp;&nbsp; 174 |
|  | **Government National Mortgage Association—0.0%** |  |
| &nbsp;&nbsp; 335 | Government National Mortgage Association, Pool 2630, 6.500%, 8/20/2028 | &nbsp;&nbsp; 344 |
| &nbsp;&nbsp; 539 | Government National Mortgage Association, Pool 2631, 7.000%, 8/20/2028 | &nbsp;&nbsp; 555 |
| &nbsp;&nbsp; 700 | Government National Mortgage Association, Pool 2658, 6.500%, 10/20/2028 | &nbsp;&nbsp; 719 |
| &nbsp;&nbsp; 1107 | Government National Mortgage Association, Pool 2701, 6.500%, 1/20/2029 | &nbsp;&nbsp; 1138 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | MORTGAGE-BACKED SECURITIES—continued |  |
|  | **Government National Mortgage Association—continued** |  |
| $1037 | Government National Mortgage Association, Pool 2796, 7.000%, 8/20/2029 | &nbsp;&nbsp; $1067 |
| &nbsp;&nbsp; 231 | Government National Mortgage Association, Pool 3039, 6.500%, 2/20/2031 | &nbsp;&nbsp; 239 |
| &nbsp;&nbsp; 866 | Government National Mortgage Association, Pool 3040, 7.000%, 2/20/2031 | &nbsp;&nbsp; 898 |
| &nbsp;&nbsp; 3259 | Government National Mortgage Association, Pool 3188, 6.500%, 1/20/2032 | &nbsp;&nbsp; 3370 |
| &nbsp;&nbsp; 2624 | Government National Mortgage Association, Pool 3239, 6.500%, 5/20/2032 | &nbsp;&nbsp; 2718 |
| &nbsp;&nbsp; 5831 | Government National Mortgage Association, Pool 3261, 6.500%, 7/20/2032 | &nbsp;&nbsp; 6050 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17098 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $16,696)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17272 |
|  | REPURCHASE AGREEMENT—1.7% |  |
| &nbsp;&nbsp; 2297000 | Interest in $250,000,000 joint repurchase agreement 4.21%, dated 9/30/2025 under which Bank of America, N.A. will <br> repurchase securities provided as collateral for $250,029,236 on 10/1/2025. The securities provided as collateral at the end of <br> the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to <br> 1/25/2046 and the market value of those underlying securities was $257,530,113. <br>(IDENTIFIED COST $2,297,000)<br>| &nbsp;&nbsp; 2297000 |
|  | INVESTMENT COMPANY—0.1% |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 157685 | Federated Hermes Government Obligations Fund, Premier Shares, 4.06%<sup>2</sup> <br>(IDENTIFIED COST $157,685)<br>| &nbsp;&nbsp; 157685 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—99.1% <br>(IDENTIFIED COST $133,704,844)<br>| &nbsp;&nbsp; 133294657 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—0.9%<sup>3</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 1171438 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $134466095 |

---

At September 30, 2025, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Long Futures:** |  |  |  |  |
| United States Treasury Notes 10-Year Long Futures | &nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp; $2250000 | December 2025 | &nbsp;&nbsp;&nbsp; $(6316) |
| United States Treasury Notes 10-Year Ultra Long Futures | &nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp; $3682500 | December 2025 | &nbsp;&nbsp;&nbsp; $39932 |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp; $33616 |

---

Net Unrealized Appreciation on Futures Contracts is included in "Other Assets and Liabilities—Net."

Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended September 30, 2025, were as follows:

---

| | |
|:---|:---|
|  | **Federated Hermes** <br>**Government** <br>**Obligations Fund,** <br>**Premier Shares\***<br>|
| Value as of 12/31/2024 | &nbsp;&nbsp; $1944103 |
| Purchases at Cost | &nbsp;&nbsp; $12402845 |
| Proceeds from Sales | &nbsp;&nbsp; $(14189263) |
| Change in Unrealized Appreciation/Depreciation | &nbsp;&nbsp; $— |
| Net Realized Gain/(Loss) | &nbsp;&nbsp; $— |
| Value as of 9/30/2025 | &nbsp;&nbsp; $157685 |
| Shares Held as of 9/30/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157685 |
| Dividend Income | &nbsp;&nbsp; $46552 |

---

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

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

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

---

| | |
|:---|:---|
| 1 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of September 30, 2025, securities subject to this type of arrangement* <br> *and related collateral were as follows:*<br>|

---

**10**

------

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

---

| | |
|:---|:---|
| **Fair Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $154203 | &nbsp;&nbsp; $157685 |

---

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

2 *7-day net yield.* <br> 3 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at September 30, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ Shares of other mutual funds or non-exchange traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

**11**

------

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

Level 1—quoted prices in active markets for identical securities.

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of September 30, 2025, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Corporate Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp; $126629169 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $126629169 |
| U.S. Treasuries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4193531 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 4193531 |
| Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17272 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17272 |
| **Investment Company** | &nbsp;&nbsp; 157685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157685 |
| **Repurchase Agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2297000 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 2297000 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $157685 | &nbsp;&nbsp; $133136972 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $133294657 |
| **Other Financial Instruments:**<sup>1</sup> <br>|  |  |  |  |
| Assets | &nbsp;&nbsp; $39932 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $39932 |
| Liabilities | &nbsp;&nbsp;&nbsp;&nbsp; (6316) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6316) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | &nbsp;&nbsp; $33616 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $33616 |

---

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

1 *Other financial instruments are futures contracts.*

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| BKNT | —Bank Notes |
| GMTN | —Global Medium Term Note |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |

---

**12**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Insurance Series

- **b. Investment Company Act file number:** 811-08042

- **c. CIK number of Registrant:** 0000912577

- **d. LEI of Registrant:** 254900PGYAB5I8WZFV72

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Quality Bond Fund II

- **b. EDGAR series identifier (if any):** S000009744

- **c. LEI of Series:** RZZ0MRXNQCBGX1ERUZ06

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $134887470.30

**Total Liabilities:** $352390.85

**Net Assets:** $134535079.45

**Cash Not Reported:** $83987.58

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -242.340408000000 | **1-Year:** -9716.079165000000 | **5-Year:** -26029.546148000000 | **10-Year:** -12115.386440000000 | **30-Year:** -502.193650000000

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

- **3-Month:** -1.823079000000 | **1-Year:** -217.071562000000 | **5-Year:** -495.878205000000 | **10-Year:** -44.625065000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026769 | 0.00%                | 1.17%                | 0.58%                |
| Class ID C000026770 | 0.00%                | 1.17%                | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9212.47                | $-230558.81                                |
| Month 2  | $-68471.88               | $1157923.09                                |
| Month 3  | $-2221.76                | $381358.41                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BofA Securities, Inc.                    | REPO BANK AMERICA                                                               | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |   2297000 | PA      | $2297000.00   | 1.71%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                           | Air Lease Corp                                                                  | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    665000 | PA      | $651357.76    | 0.48%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                      | American Tower Corp                                                             | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    225000 | PA      | $229540.32    | 0.17%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                   | Anglo American Capital PLC                                                      | CUSIP: 034863BA7<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $183412.99    | 0.14%             | 2031-03-17      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp                     | Bank of America Corp                                                            | CUSIP: 06051GGA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468862.72    | 0.35%             | 2027-10-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                     | Bank of America Corp                                                            | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1714908.60   | 1.27%             | 2031-04-29      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $89214.31     | 0.07%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                 | Constellation Brands Inc                                                        | CUSIP: 21036PBC1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    705000 | PA      | $712994.97    | 0.53%             | 2028-11-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| COSTCO WHOLESALE CORP                    | Costco Wholesale Corp                                                           | CUSIP: 22160KAN5<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |    260000 | PA      | $249850.64    | 0.19%             | 2027-06-20      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                              | Exelon Corp                                                                     | CUSIP: 30161NBB6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    475000 | PA      | $465847.77    | 0.35%             | 2027-03-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                        | Expedia Group Inc                                                               | CUSIP: 30212PBH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     54000 | PA      | $50085.44     | 0.04%             | 2031-03-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| FORTIS INC                               | Fortis Inc/Canada                                                               | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    230000 | PA      | $227419.67    | 0.17%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                   | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    285000 | PA      | $306788.10    | 0.23%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                       | Ingersoll Rand Inc                                                              | CUSIP: 45687VAD8<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196401.41    | 0.15%             | 2029-06-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    940000 | PA      | $843373.58    | 0.63%             | 2032-11-08      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                    | Keysight Technologies Inc                                                       | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231572.25    | 0.17%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                   | Roper Technologies Inc                                                          | CUSIP: 776743AD8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    825000 | PA      | $822279.98    | 0.61%             | 2026-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                   | Sempra Energy                                                                   | CUSIP: 816851BA6<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    475000 | PA      | $466865.20    | 0.35%             | 2027-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                        | State Street Corp                                                               | CUSIP: 857477BU6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64921.73     | 0.05%             | 2033-05-13      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Telefonica Emisiones SAU                 | Telefonica Emisiones SAU                                                        | CUSIP: 87938WAC7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    240000 | PA      | $270872.23    | 0.20%             | 2036-06-20      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                          | Tyson Foods Inc                                                                 | CUSIP: 902494BL6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155206.95    | 0.12%             | 2029-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                   | Verizon Communications Inc                                                      | CUSIP: 92343VFE9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    165000 | PA      | $157826.91    | 0.12%             | 2030-03-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                 | Virginia Electric and Power Co                                                  | CUSIP: 927804GH1<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    283000 | PA      | $281831.25    | 0.21%             | 2027-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                    | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    240000 | PA      | $248777.41    | 0.18%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    195000 | PA      | $187979.15    | 0.14%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp                           | Air Lease Corp                                                                  | CUSIP: 00912XAY0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    525000 | PA      | $517118.66    | 0.38%             | 2027-12-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                    | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAT9<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    475000 | PA      | $469482.85    | 0.35%             | 2027-12-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                 | Anheuser-Busch InBev Worldwide Inc                                              | CUSIP: 035240AQ3<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |    425000 | PA      | $433810.01    | 0.32%             | 2029-01-23      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                    | Aon North America Inc                                                           | CUSIP: 03740MAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $297130.16    | 0.22%             | 2031-03-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                      | Ashtead Capital Inc                                                             | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    490000 | PA      | $478570.32    | 0.36%             | 2026-08-12      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DJ4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    147000 | PA      | $140313.43    | 0.10%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                             | Broadcom Inc                                                                    | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120359.53    | 0.09%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                      | Carrier Global Corp                                                             | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    140000 | PA      | $150308.00    | 0.11%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                            | Citigroup Inc                                                                   | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    220000 | PA      | $230574.69    | 0.17%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                            | Citigroup Inc                                                                   | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    270000 | PA      | $272845.17    | 0.20%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                   | Coca-Cola Femsa SAB de CV                                                       | CUSIP: 191241AH1<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    955000 | PA      | $897578.85    | 0.67%             | 2030-01-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38145GAH3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1152765.75   | 0.86%             | 2026-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                           | Morgan Stanley                                                                  | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    940000 | PA      | $937002.20    | 0.70%             | 2027-01-20      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                | ONEOK Inc                                                                       | CUSIP: 682680AS2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    330000 | PA      | $329078.27    | 0.24%             | 2027-07-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    190000 | PA      | $196917.22    | 0.15%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                               | Physicians Realty LP                                                            | CUSIP: 71951QAA0<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |    670000 | PA      | $670486.00    | 0.50%             | 2027-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                            | AEP Texas Inc                                                                   | CUSIP: 00108WAH3<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238202.49    | 0.18%             | 2028-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AIA Group Ltd                            | AIA Group Ltd                                                                   | CUSIP: 00131LAH8<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |    340000 | PA      | $334773.73    | 0.25%             | 2029-04-09      | Fixed         | 3.60%                 | Yes           |                  2 | On Loan: —       |
| COREBRIDGE GLOB FUNDING                  | Corebridge Global Funding                                                       | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    340000 | PA      | $355930.30    | 0.26%             | 2028-09-19      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                 | AT&T Inc                                                                        | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    827000 | PA      | $704536.79    | 0.52%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                 | AT&T Inc                                                                        | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    245000 | PA      | $252426.97    | 0.19%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                 | AT&T Inc                                                                        | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248145.83    | 0.18%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SMURFIT KAPPA TREASURY                   | Smurfit Kappa Treasury ULC                                                      | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |    380000 | PA      | $391557.40    | 0.29%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                       | Union Pacific Corp                                                              | CUSIP: 907818FJ2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    475000 | PA      | $464168.49    | 0.35%             | 2027-02-05      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                               | AbbVie Inc                                                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241258.52    | 0.18%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                               | AbbVie Inc                                                                      | CUSIP: 00287YDB2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     67000 | PA      | $62166.22     | 0.05%             | 2045-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                               | AbbVie Inc                                                                      | CUSIP: 00287YDU0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    485000 | PA      | $499243.68    | 0.37%             | 2034-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    475000 | PA      | $437690.42    | 0.33%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                           | Air Lease Corp                                                                  | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133934.97    | 0.10%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Airbus SE                                | Airbus SE                                                                       | CUSIP: 009279AA8<br>LEI: MINO79WLOO247M1IL051 | Long             | DBT              | CORP              | NL        |    580000 | PA      | $573747.97    | 0.43%             | 2027-04-10      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                   | Verizon Communications Inc                                                      | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    385000 | PA      | $350133.56    | 0.26%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                     | Verisk Analytics Inc                                                            | CUSIP: 92345YAM8<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65223.39     | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                  | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    195000 | PA      | $196559.84    | 0.15%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                 | Alimentation Couche-Tard Inc                                                    | CUSIP: 01626PAM8<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    445000 | PA      | $420502.44    | 0.31%             | 2030-01-25      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| ALLEGION PLC                             | Allegion PLC                                                                    | CUSIP: 01748TAB7<br>LEI: 984500560CAC2E6FB757 | Long             | DBT              | CORP              | IE        |    395000 | PA      | $382259.58    | 0.28%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                       | Ally Financial Inc                                                              | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    175000 | PA      | $184823.02    | 0.14%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                             | WP Carey Inc                                                                    | CUSIP: 92936UAN9<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    195000 | PA      | $196237.90    | 0.15%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                    | Wells Fargo & Co                                                                | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    225000 | PA      | $233861.06    | 0.17%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                           | Amazon.com Inc                                                                  | CUSIP: 023135BC9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158291.84    | 0.12%             | 2027-08-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                  | American Electric Power Co Inc                                                  | CUSIP: 025537AN1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    400000 | PA      | $366307.67    | 0.27%             | 2030-03-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                   | American Honda Finance Corp                                                     | CUSIP: 02665WFQ9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226295.78    | 0.17%             | 2029-09-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                   | Anglo American Capital PLC                                                      | CUSIP: 034863AZ3<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    335000 | PA      | $317602.50    | 0.24%             | 2028-03-17      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                   | Anglo American Capital PLC                                                      | CUSIP: 034863BD1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $207208.75    | 0.15%             | 2033-05-02      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                      | Elevance Health Inc                                                             | CUSIP: 036752BJ1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298264.90    | 0.22%             | 2032-09-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                      | Ashtead Capital Inc                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206417.41    | 0.15%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| ASSOC BANC-CORP                          | Associated Banc-Corp                                                            | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62215.43     | 0.05%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                             | Autodesk Inc                                                                    | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164490.94    | 0.12%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                             | AutoZone Inc                                                                    | CUSIP: 053332BD3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230472.10    | 0.17%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                             | AutoZone Inc                                                                    | CUSIP: 053332BK7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    240000 | PA      | $249194.22    | 0.19%             | 2034-07-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                          | BAE Systems PLC                                                                 | CUSIP: 05523RAD9<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $192837.96    | 0.14%             | 2030-04-15      | Fixed         | 3.40%                 | Yes           |                  2 | On Loan: No      |
| BAT CAPITAL CORP                         | BAT Capital Corp                                                                | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    285000 | PA      | $333282.99    | 0.25%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                    | Becton Dickinson and Co                                                         | CUSIP: 075887BW8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238489.11    | 0.18%             | 2027-06-06      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                               | Biogen Inc                                                                      | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    225000 | PA      | $205338.31    | 0.15%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                            | Boeing Co/The                                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    190000 | PA      | $210189.42    | 0.16%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                     | Boston Properties LP                                                            | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |     80000 | PA      | $74419.25     | 0.06%             | 2031-01-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                   | BP Capital Markets America Inc                                                  | CUSIP: 10373QBX7<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    485000 | PA      | $494228.68    | 0.37%             | 2029-04-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    395000 | PA      | $405686.14    | 0.30%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                             | Broadcom Inc                                                                    | CUSIP: 11135FAL5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    630000 | PA      | $632117.28    | 0.47%             | 2028-09-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                             | Broadcom Inc                                                                    | CUSIP: 11135FBR1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238970.05    | 0.18%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                      | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $235545.98    | 0.18%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                          | Cigna Corp                                                                      | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    190000 | PA      | $191024.27    | 0.14%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                   | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAM6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    565000 | PA      | $553033.62    | 0.41%             | 2026-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| CNH Industrial NV                        | CNH Industrial NV                                                               | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |    560000 | PA      | $557295.92    | 0.41%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                       | CNA Financial Corp                                                              | CUSIP: 126117AU4<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    240000 | PA      | $237187.07    | 0.18%             | 2027-08-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CNA Financial Corp                       | CNA Financial Corp                                                              | CUSIP: 126117AV2<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93841.38     | 0.07%             | 2029-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CNPC HK OVERSEAS CAPITAL                 | CNPC HK Overseas Capital Ltd                                                    | CUSIP: 12622NAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    415000 | PA      | $463995.80    | 0.34%             | 2041-04-28      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Abbott Laboratories                      | Abbott Laboratories                                                             | CUSIP: 002824BF6<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |    428000 | PA      | $427980.69    | 0.32%             | 2026-11-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                | Apple Inc                                                                       | CUSIP: 037833AT7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    120000 | PA      | $112693.98    | 0.08%             | 2044-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                 | Capital One Financial Corp                                                      | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    450000 | PA      | $446508.87    | 0.33%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc                       | Cenovus Energy Inc                                                              | CUSIP: 15135UAM1<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    485000 | PA      | $485211.28    | 0.36%             | 2027-04-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                            | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237532.53    | 0.18%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                    | AvalonBay Communities Inc                                                       | CUSIP: 05348EBA6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    375000 | PA      | $370770.41    | 0.28%             | 2027-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CENOVUS ENERGY INC                       | Cenovus Energy Inc                                                              | CUSIP: 15135UAW9<br>LEI: 549300F4XPHJ7NOSP309 | Long             | DBT              | CORP              | CA        |    285000 | PA      | $252246.58    | 0.19%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $154582.06    | 0.11%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY OP CO                     | Cimarex Energy Co                                                               | CUSIP: 171798AE1<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |    210000 | PA      | $201886.81    | 0.15%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO. 2                 | Cintas Corp No 2                                                                | CUSIP: 17252MAN0<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    705000 | PA      | $702442.83    | 0.52%             | 2027-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                            | Citigroup Inc                                                                   | CUSIP: 172967LW9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    475000 | PA      | $473907.47    | 0.35%             | 2029-04-23      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                            | Citigroup Inc                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1325000 | PA      | $1219380.99   | 0.91%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                 | Citizens Financial Group Inc                                                    | CUSIP: 174610AS4<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     90000 | PA      | $82610.81     | 0.06%             | 2030-02-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                             | Comcast Corp                                                                    | CUSIP: 20030NBW0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    390000 | PA      | $382345.18    | 0.28%             | 2027-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                     | Bank of America Corp                                                            | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1172543.80   | 0.87%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                 | Citizens Financial Group Inc                                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    142000 | PA      | $148042.18    | 0.11%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                             | Comcast Corp                                                                    | CUSIP: 20030NER8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    290000 | PA      | $297456.28    | 0.22%             | 2032-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Comerica Inc                             | Comerica Inc                                                                    | CUSIP: 200340AQ0<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    285000 | PA      | $283461.76    | 0.21%             | 2026-07-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                         | Crown Castle Inc                                                                | CUSIP: 22822VBC4<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    240000 | PA      | $242990.08    | 0.18%             | 2033-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                        | Eversource Energy                                                               | CUSIP: 30040WAW8<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    380000 | PA      | $398185.23    | 0.30%             | 2029-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DH EUROPE FINANCE II                     | DH Europe Finance II Sarl                                                       | CUSIP: 23291KAH8<br>LEI: 222100KDGL314CKTZ511 | Long             | DBT              | CORP              | LU        |    225000 | PA      | $212128.84    | 0.16%             | 2029-11-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                   | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AZ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    565000 | PA      | $580026.57    | 0.43%             | 2029-09-25      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                   | Diamondback Energy Inc                                                          | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195762.59    | 0.15%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                   | Diamondback Energy Inc                                                          | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    285000 | PA      | $291056.87    | 0.22%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                 | Discover Financial Services                                                     | CUSIP: 254709AM0<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239671.40    | 0.18%             | 2027-02-09      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                         | Duke Energy Corp                                                                | CUSIP: 26441CBH7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    380000 | PA      | $349911.95    | 0.26%             | 2030-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                              | EXELON CORP SR UNSECURED 04/30 4.05                                             | CUSIP: 30161NAX9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    600000 | PA      | $593814.67    | 0.44%             | 2030-04-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| FLOWERS FOODS INC                        | Flowers Foods Inc                                                               | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270106.34    | 0.20%             | 2035-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EDP FINANCE BV                           | EDP Finance BV                                                                  | CUSIP: 26835PAH3<br>LEI: 5299007L43AQDFOW5739 | Long             | DBT              | CORP              | NL        |    380000 | PA      | $358603.34    | 0.27%             | 2028-01-24      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                     | ERAC USA Finance LLC                                                            | CUSIP: 26884TAY8<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    380000 | PA      | $389888.22    | 0.29%             | 2029-02-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    385000 | PA      | $402065.76    | 0.30%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| HCA INC                                  | HCA Inc                                                                         | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     85000 | PA      | $83844.01     | 0.06%             | 2027-03-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                       | Energy Transfer LP                                                              | CUSIP: 29273VAY6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102645.88    | 0.08%             | 2034-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                     | Enel Finance International NV                                                   | CUSIP: 29278GAM0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    320000 | PA      | $313726.53    | 0.23%             | 2026-07-12      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                    | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150AS3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    230000 | PA      | $213028.39    | 0.16%             | 2030-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                               | Intel Corp                                                                      | CUSIP: 458140CN8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    375000 | PA      | $385080.66    | 0.29%             | 2031-02-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                       | Energy Transfer Operating LP                                                    | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    285000 | PA      | $276815.85    | 0.21%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                              | Exelon Corp                                                                     | CUSIP: 30161NBJ9<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245619.86    | 0.18%             | 2028-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                               | NBN Co Ltd                                                                      | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $199234.35    | 0.15%             | 2027-10-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR CO                          | Nissan Motor Co Ltd                                                             | CUSIP: 654744AC5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    680000 | PA      | $667682.66    | 0.50%             | 2027-09-17      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                       | Meta Platforms Inc                                                              | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    245000 | PA      | $238538.55    | 0.18%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Gold Pool                                                           | CUSIP: 31292HEY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       166 | PA      | $173.96       | 0.00%             | 2030-09-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                      | Fifth Third Bancorp                                                             | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    425000 | PA      | $414383.78    | 0.31%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| FISERV INC                               | Fiserv Inc                                                                      | CUSIP: 337738BC1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    240000 | PA      | $222289.24    | 0.17%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                 | Piedmont Operating Partnership LP                                               | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    245000 | PA      | $272114.29    | 0.20%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                               | VMware Inc                                                                      | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244501.85    | 0.18%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| FISERV INC                               | Fiserv Inc                                                                      | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221084.08    | 0.16%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    275000 | PA      | $287207.28    | 0.21%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243613.23    | 0.18%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205577.09    | 0.15%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202C4Q3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       539 | PA      | $554.78       | 0.00%             | 2028-08-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202C5T6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       700 | PA      | $718.83       | 0.00%             | 2028-10-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202DC90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1037 | PA      | $1066.74      | 0.00%             | 2029-08-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202DRH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3259 | PA      | $3369.77      | 0.00%             | 2032-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                        | GXO Logistics Inc                                                               | CUSIP: 36262GAB7<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    692000 | PA      | $677697.88    | 0.50%             | 2026-07-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                        | GXO Logistics Inc                                                               | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    295000 | PA      | $263074.70    | 0.20%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    475000 | PA      | $453270.28    | 0.34%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XEG7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209257.39    | 0.16%             | 2030-04-06      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                     | Bank of America Corp                                                            | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    475000 | PA      | $476743.92    | 0.35%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                       | Meta Platforms Inc                                                              | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214152.85    | 0.16%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245905.94    | 0.18%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                      | Global Payments Inc                                                             | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |     88000 | PA      | $81469.09     | 0.06%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475659.74    | 0.35%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    715000 | PA      | $631126.98    | 0.47%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                  | Honeywell International Inc                                                     | CUSIP: 438516BZ8<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |    565000 | PA      | $512111.34    | 0.38%             | 2030-06-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                  | Hyundai Capital America                                                         | CUSIP: 44891AEA1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    210000 | PA      | $209091.70    | 0.16%             | 2030-09-18      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    240000 | PA      | $234996.16    | 0.17%             | 2028-02-24      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| HCA INC                                  | HCA Inc                                                                         | CUSIP: 404119CQ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    475000 | PA      | $493671.49    | 0.37%             | 2033-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBU2<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    190000 | PA      | $192050.90    | 0.14%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397701.32    | 0.30%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                           | Home Depot Inc/The                                                              | CUSIP: 437076DC3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    475000 | PA      | $486654.00    | 0.36%             | 2029-06-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                 | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBB1<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |    365000 | PA      | $374118.31    | 0.28%             | 2034-07-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    475000 | PA      | $489983.38    | 0.36%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                   | Philip Morris International Inc                                                 | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    135000 | PA      | $142095.12    | 0.11%             | 2029-11-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                 | Huntington Ingalls Industries Inc                                               | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    385000 | PA      | $379092.01    | 0.28%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                  | Hyundai Capital America                                                         | CUSIP: 44891ACU9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    640000 | PA      | $655706.97    | 0.49%             | 2029-01-08      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| INGERSOLL RAND INC                       | Ingersoll Rand Inc                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88677.40     | 0.07%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    475000 | PA      | $479048.29    | 0.36%             | 2029-12-05      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                   | Philip Morris International Inc                                                 | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    290000 | PA      | $295143.31    | 0.22%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF GAS CO                    | Southern California Gas Co                                                      | CUSIP: 842434DB5<br>LEI: XY0N0J73VHV5F4CUJV89 | Long             | DBT              | CORP              | US        |    240000 | PA      | $244320.34    | 0.18%             | 2034-09-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                        | Tractor Supply Co                                                               | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92964.73     | 0.07%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    940000 | PA      | $854606.06    | 0.64%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PEC6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    155000 | PA      | $161157.18    | 0.12%             | 2035-01-23      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PEK8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    240000 | PA      | $247977.00    | 0.18%             | 2035-07-22      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                               | Kenvue Inc                                                                      | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200385.75    | 0.15%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                     | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAP5<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    730000 | PA      | $718232.33    | 0.53%             | 2029-04-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                  | KeyCorp                                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    375000 | PA      | $407089.30    | 0.30%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                    | Keysight Technologies Inc                                                       | CUSIP: 49338LAF0<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95123.36     | 0.07%             | 2029-10-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                     | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    392000 | PA      | $388815.29    | 0.29%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                       | Advance Auto Parts Inc                                                          | CUSIP: 00751YAE6<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    995000 | PA      | $924563.35    | 0.69%             | 2030-04-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    525000 | PA      | $529113.63    | 0.39%             | 2027-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                           | AutoNation Inc                                                                  | CUSIP: 05329WAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $251467.77    | 0.19%             | 2030-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                 | Canadian Pacific Railway Co                                                     | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    475000 | PA      | $423131.38    | 0.31%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                  | Jefferies Group LLC                                                             | CUSIP: 472319AM4<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    190000 | PA      | $204121.40    | 0.15%             | 2043-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                              | Oracle Corp                                                                     | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    220000 | PA      | $234654.40    | 0.17%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TRACTOR SUPPLY CO                        | Tractor Supply Co                                                               | CUSIP: 892356AA4<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |    545000 | PA      | $479456.96    | 0.36%             | 2030-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                         | Welltower Inc                                                                   | CUSIP: 95040QAL8<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    355000 | PA      | $328425.67    | 0.24%             | 2031-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                     | Kraft Heinz Foods Co                                                            | CUSIP: 50077LBC9<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    835000 | PA      | $831661.82    | 0.62%             | 2027-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                | Kroger Co/The                                                                   | CUSIP: 501044CK5<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    575000 | PA      | $659865.91    | 0.49%             | 2038-04-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                        | Lam Research Corp                                                               | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    295000 | PA      | $294861.19    | 0.22%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                               | Leidos Inc                                                                      | CUSIP: 52532XAH8<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    565000 | PA      | $504291.52    | 0.37%             | 2031-02-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                     | M&T Bank Corp                                                                   | CUSIP: 55261FAQ7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    385000 | PA      | $387534.80    | 0.29%             | 2028-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                     | M&T Bank Corp                                                                   | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240686.57    | 0.18%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                     | M&T Bank Corp                                                                   | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    305000 | PA      | $331397.21    | 0.25%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                  | MPLX LP                                                                         | CUSIP: 55336VCB4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    390000 | PA      | $389220.23    | 0.29%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                 | Mars Inc                                                                        | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250755.84    | 0.19%             | 2032-03-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| MARS INC                                 | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250550.60    | 0.19%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| MASS MUTUAL LIFE INS CO                  | Massachusetts Mutual Life Insurance Co                                          | CUSIP: 575767AG3<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    165000 | PA      | $223308.49    | 0.17%             | 2039-06-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                 | Microchip Technology Inc                                                        | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    190000 | PA      | $194262.40    | 0.14%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                 | Microchip Technology Inc                                                        | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |     90000 | PA      | $92061.11     | 0.07%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    155000 | PA      | $144866.31    | 0.11%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    185000 | PA      | $192749.84    | 0.14%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115222.50    | 0.09%             | 2036-01-18      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                     | National Fuel Gas Co                                                            | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |    600000 | PA      | $547855.38    | 0.41%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                 | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 63743HFS6<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    475000 | PA      | $492293.93    | 0.37%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                 | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    285000 | PA      | $386794.20    | 0.29%             | 2039-08-15      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| NETFLIX INC                              | Netflix Inc                                                                     | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    965000 | PA      | $992159.74    | 0.74%             | 2030-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| NISOURCE INC                             | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46197.48     | 0.03%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Nuveen LLC                               | Nuveen LLC                                                                      | CUSIP: 67080LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $234352.73    | 0.17%             | 2028-11-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                  | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAJ6<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114681.54    | 0.09%             | 2030-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                  | O'Reilly Automotive Inc                                                         | CUSIP: 67103HAK3<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    305000 | PA      | $265962.56    | 0.20%             | 2031-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                | ONEOK Inc                                                                       | CUSIP: 682680AN3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    335000 | PA      | $352767.60    | 0.26%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                | ONEOK Inc                                                                       | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    120000 | PA      | $128657.26    | 0.10%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                              | Oracle Corp                                                                     | CUSIP: 68389XCD5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    540000 | PA      | $516373.35    | 0.38%             | 2028-03-25      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                              | Ovintiv Inc                                                                     | CUSIP: 69047QAB8<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195741.48    | 0.15%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                              | Ovintiv Inc                                                                     | CUSIP: 69047QAC6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    550000 | PA      | $580414.64    | 0.43%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    475000 | PA      | $484819.06    | 0.36%             | 2034-01-24      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    175000 | PA      | $184604.89    | 0.14%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                 | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $540153.04    | 0.40%             | 2029-07-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                   | Philip Morris International Inc                                                 | CUSIP: 718172DA4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    485000 | PA      | $501429.43    | 0.37%             | 2030-02-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                   | Philip Morris International Inc                                                 | CUSIP: 718172DG1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    290000 | PA      | $296342.45    | 0.22%             | 2029-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                 | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    475000 | PA      | $458760.99    | 0.34%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                              | Prologis LP                                                                     | CUSIP: 74340XBL4<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    305000 | PA      | $308209.87    | 0.23%             | 2029-02-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RPM International Inc                    | RPM International Inc                                                           | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |    475000 | PA      | $478566.72    | 0.36%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                  | Raymond James Financial Inc                                                     | CUSIP: 754730AG4<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    560000 | PA      | $568580.03    | 0.42%             | 2030-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                       | Regency Centers LP                                                              | CUSIP: 75884RBB8<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    285000 | PA      | $293098.26    | 0.22%             | 2034-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REGENERON PHARMACEUTICAL                 | Regeneron Pharmaceuticals Inc                                                   | CUSIP: 75886FAE7<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |    635000 | PA      | $560244.91    | 0.42%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK                         | Fifth Third Bank/Cincinnati OH                                                  | CUSIP: 31677QBR9<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243944.67    | 0.18%             | 2027-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202DS44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2624 | PA      | $2718.38      | 0.00%             | 2032-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                   | Regions Financial Corp                                                          | CUSIP: 7591EPAV2<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |    335000 | PA      | $344541.16    | 0.26%             | 2035-09-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc                    | Reynolds American Inc                                                           | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    345000 | PA      | $374067.21    | 0.28%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                 | Rogers Communications Inc                                                       | CUSIP: 775109DF5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $192815.38    | 0.14%             | 2034-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                   | Roper Technologies Inc                                                          | CUSIP: 776743AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    405000 | PA      | $363968.84    | 0.27%             | 2030-06-30      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Smithfield Foods Inc                     | Smithfield Foods Inc                                                            | CUSIP: 832248AZ1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59613.55     | 0.04%             | 2027-02-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                     | Smithfield Foods Inc                                                            | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    295000 | PA      | $258561.69    | 0.19%             | 2031-09-13      | Fixed         | 2.63%                 | Yes           |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP                   | Synovus Financial Corp                                                          | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |    155000 | PA      | $160967.43    | 0.12%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| TC PipeLines LP                          | TC PipeLines LP                                                                 | CUSIP: 87233QAC2<br>LEI: 6HL0C5LCIE4TN8UZHL06 | Long             | DBT              | CORP              | US        |    565000 | PA      | $562035.34    | 0.42%             | 2027-05-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                     | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    135000 | PA      | $128332.96    | 0.10%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                     | Targa Resources Corp                                                            | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    380000 | PA      | $404279.50    | 0.30%             | 2033-03-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                     | Targa Resources Corp                                                            | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    260000 | PA      | $274053.83    | 0.20%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                  | Teva Pharmaceutical Finance Netherlands III BV                                  | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    290000 | PA      | $285091.03    | 0.21%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| TRIMBLE INC                              | Trimble Inc                                                                     | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |    380000 | PA      | $408681.90    | 0.30%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                    | Truist Financial Corp                                                           | CUSIP: 89788MAC6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    475000 | PA      | $450646.61    | 0.33%             | 2027-08-03      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                    | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    190000 | PA      | $205837.13    | 0.15%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                  | UDR Inc                                                                         | CUSIP: 90265EAL4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    475000 | PA      | $470227.38    | 0.35%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| US BANCORP                               | US Bancorp                                                                      | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    240000 | PA      | $255820.53    | 0.19%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| United States Treasury                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2050000 | PA      | $2130604.16   | 1.58%             | 2035-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2050000 | PA      | $2062927.30   | 1.53%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                 | United Technologies Corp                                                        | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    755000 | PA      | $754582.21    | 0.56%             | 2028-11-16      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                   | UnitedHealth Group Inc                                                          | CUSIP: 91324PFA5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    390000 | PA      | $400017.50    | 0.30%             | 2031-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                       | Valero Energy Corp                                                              | CUSIP: 91913YAE0<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    205000 | PA      | $237275.87    | 0.18%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                       | Valero Energy Corp                                                              | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |    320000 | PA      | $354984.69    | 0.26%             | 2037-06-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| VERISIGN INC                             | VeriSign Inc                                                                    | CUSIP: 92343EAM4<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |    520000 | PA      | $468896.24    | 0.35%             | 2031-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                   | Verizon Communications Inc                                                      | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    755000 | PA      | $660734.64    | 0.49%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                         | Paramount Global                                                                | CUSIP: 92556HAD9<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    295000 | PA      | $274928.93    | 0.20%             | 2032-05-19      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                             | Vontier Corp                                                                    | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    490000 | PA      | $466392.69    | 0.35%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                             | WP Carey Inc                                                                    | CUSIP: 92936UAG4<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    260000 | PA      | $233256.93    | 0.17%             | 2031-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                             | WP Carey Inc                                                                    | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    240000 | PA      | $246096.74    | 0.18%             | 2034-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                     | WEC Energy Group Inc                                                            | CUSIP: 92939UAG1<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141496.01    | 0.11%             | 2028-12-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| WASTE CONNECTIONS INC                    | Waste Connections Inc                                                           | CUSIP: 94106BAJ0<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $247406.04    | 0.18%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                    | Wells Fargo & Co                                                                | CUSIP: 949746SH5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    765000 | PA      | $757382.19    | 0.56%             | 2026-10-23      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                    | Wells Fargo & Co                                                                | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1324563.66   | 0.98%             | 2031-02-11      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                    | Wells Fargo & Co                                                                | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299517.24    | 0.22%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                         | Welltower Inc                                                                   | CUSIP: 95040QAJ3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    235000 | PA      | $224552.18    | 0.17%             | 2030-01-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                   | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AR1<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131498.50    | 0.10%             | 2034-03-11      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                   | Williams Cos Inc/The                                                            | CUSIP: 969457CS7<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269044.06    | 0.20%             | 2035-09-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US 10YR NOTE (CBT)DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        20 | NC      | $-6315.82     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187578.73    | 0.14%             | 2027-03-09      | Fixed         | 1.43%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                | Hess Corp                                                                       | CUSIP: 42809HAG2<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    660000 | PA      | $662461.60    | 0.49%             | 2027-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HUBBELL INC                              | Hubbell Inc                                                                     | CUSIP: 443510AK8<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |    525000 | PA      | $472101.87    | 0.35%             | 2031-03-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                  | Inter-American Development Bank                                                 | CUSIP: 45818QAD1<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |    510000 | PA      | $533257.25    | 0.40%             | 2027-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475AT2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468946.68    | 0.35%             | 2027-05-19      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                         | Ryder System Inc                                                                | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    335000 | PA      | $328010.83    | 0.24%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| US BANCORP                               | US Bancorp                                                                      | CUSIP: 91159HJC5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1149709.48   | 0.85%             | 2028-01-27      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                    | Accenture Capital Inc                                                           | CUSIP: 00440KAB9<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |    285000 | PA      | $284936.55    | 0.21%             | 2029-10-04      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                    | Alibaba Group Holding Ltd                                                       | CUSIP: 01609WAX0<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $180423.72    | 0.13%             | 2031-02-09      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO                   | Allegion US Holding Co Inc                                                      | CUSIP: 01748NAF1<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156756.16    | 0.12%             | 2034-05-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                           | Amazon.com Inc                                                                  | CUSIP: 023135CF1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248274.21    | 0.18%             | 2027-04-13      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                  | Corebridge Global Funding                                                       | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    485000 | PA      | $498990.10    | 0.37%             | 2029-01-12      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                 | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AU3<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    240000 | PA      | $244472.25    | 0.18%             | 2030-12-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                      | American Tower Corp                                                             | CUSIP: 03027XBR0<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    475000 | PA      | $463637.37    | 0.34%             | 2026-09-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                            | AppLovin Corp                                                                   | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    335000 | PA      | $346674.07    | 0.26%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                | Boeing Co/The                                                                   | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    565000 | PA      | $553691.78    | 0.41%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                | Boeing Co/The                                                                   | CUSIP: 097023DC6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    470000 | PA      | $450473.94    | 0.33%             | 2031-02-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                          | CVS Health Corp                                                                 | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500398.56    | 0.37%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV                  | America Movil SAB de CV                                                         | CUSIP: 02364WBM6<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |    290000 | PA      | $294851.70    | 0.22%             | 2033-01-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                      | American Express Co                                                             | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    155000 | PA      | $159876.35    | 0.12%             | 2031-01-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST                    | Camden Property Trust                                                           | CUSIP: 133131AZ5<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |    110000 | PA      | $103229.94    | 0.08%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                             | Comcast Corp                                                                    | CUSIP: 20030NDA6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    725000 | PA      | $680003.00    | 0.51%             | 2030-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                 | Electricite de France SA                                                        | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $206971.41    | 0.15%             | 2028-05-23      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Emera US Finance LP                      | Emera US Finance LP                                                             | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $188915.54    | 0.14%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                | Amgen Inc                                                                       | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    940000 | PA      | $974605.65    | 0.72%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                         | BAT Capital Corp                                                                | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    285000 | PA      | $301560.12    | 0.22%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                     | Bank of America Corp                                                            | CUSIP: 06051GJS9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    285000 | PA      | $279338.70    | 0.21%             | 2027-07-22      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                   | Boardwalk Pipelines LP                                                          | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    250000 | PA      | $234226.29    | 0.17%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                 | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253941.81    | 0.19%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                               | Fiserv Inc                                                                      | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    475000 | PA      | $475188.11    | 0.35%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FISERV INC                               | Fiserv Inc                                                                      | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    220000 | PA      | $222424.00    | 0.17%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Flowers Foods Inc                        | Flowers Foods Inc                                                               | CUSIP: 343498AB7<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    360000 | PA      | $356917.96    | 0.27%             | 2026-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                             | Broadcom Inc                                                                    | CUSIP: 11135FBY6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    375000 | PA      | $389756.75    | 0.29%             | 2031-11-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                          | CVS Health Corp                                                                 | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    485000 | PA      | $496372.56    | 0.37%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                       | Ford Motor Co                                                                   | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239054.28    | 0.18%             | 2026-12-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202DLV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       866 | PA      | $898.52       | 0.00%             | 2031-02-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202DTS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5831 | PA      | $6050.44      | 0.00%             | 2032-07-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                     | Glencore Funding LLC                                                            | CUSIP: 378272BN7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    340000 | PA      | $357066.73    | 0.27%             | 2028-10-06      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| CENTENE CORP                             | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    610000 | PA      | $567320.11    | 0.42%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                            | Citigroup Inc                                                                   | CUSIP: 172967KU4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474610.22    | 0.35%             | 2028-07-25      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                 | Citizens Financial Group Inc                                                    | CUSIP: 174610BG9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    250000 | PA      | $275187.27    | 0.20%             | 2035-04-25      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                             | Comerica Inc                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156127.46    | 0.12%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                      | Global Payments Inc                                                             | CUSIP: 37940XAH5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    283000 | PA      | $253892.16    | 0.19%             | 2031-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    190000 | PA      | $188592.48    | 0.14%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                          | Concentrix Corp                                                                 | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    205000 | PA      | $208090.01    | 0.15%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                         | Crown Castle Inc                                                                | CUSIP: 22822VBB6<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    240000 | PA      | $243489.14    | 0.18%             | 2028-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                   | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AQ3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    285000 | PA      | $290091.19    | 0.22%             | 2028-01-19      | Fixed         | 5.13%                 | Yes           |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                   | Diamondback Energy Inc                                                          | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    150000 | PA      | $161666.00    | 0.12%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                             | Enbridge Inc                                                                    | CUSIP: 29250NCK9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    290000 | PA      | $299256.35    | 0.22%             | 2035-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                      | Fifth Third Bancorp                                                             | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    132000 | PA      | $134176.77    | 0.10%             | 2030-09-06      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                      | Kimco Realty Corp                                                               | CUSIP: 49446RAX7<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    685000 | PA      | $651689.37    | 0.48%             | 2028-03-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                  | MPLX LP                                                                         | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    375000 | PA      | $374604.83    | 0.28%             | 2027-03-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                               | Masco Corp                                                                      | CUSIP: 574599BP0<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    293000 | PA      | $262092.17    | 0.19%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                   | Mid-America Apartments LP                                                       | CUSIP: 59523UAS6<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    305000 | PA      | $265237.22    | 0.20%             | 2031-02-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213874.41    | 0.16%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202C4P5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       335 | PA      | $344.01       | 0.00%             | 2028-08-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202DAA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1107 | PA      | $1137.79      | 0.00%             | 2029-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                              | CUSIP: 36202DLU3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       231 | PA      | $238.75       | 0.00%             | 2031-02-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    195000 | PA      | $205829.42    | 0.15%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                   | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCH1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252550.41    | 0.19%             | 2027-07-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                        | GXO Logistics Inc                                                               | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |    195000 | PA      | $204868.52    | 0.15%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                      | Global Payments Inc                                                             | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    285000 | PA      | $277804.19    | 0.21%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA95<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    245000 | PA      | $261126.06    | 0.19%             | 2035-04-25      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                 | Healthcare Trust of America Holdings LP                                         | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    420000 | PA      | $364777.56    | 0.27%             | 2031-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                    | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    210000 | PA      | $221049.52    | 0.16%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    390000 | PA      | $411278.65    | 0.31%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                  | Jefferies Group LLC / Jefferies Group Capital Finance Inc                       | CUSIP: 47233JGT9<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    475000 | PA      | $422666.74    | 0.31%             | 2031-10-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                      | Kimco Realty Corp                                                               | CUSIP: 49446RAW9<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    240000 | PA      | $222527.59    | 0.17%             | 2030-10-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                   | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCN8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    565000 | PA      | $582811.87    | 0.43%             | 2030-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                             | NiSource Inc                                                                    | CUSIP: 65473QBE2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    475000 | PA      | $470656.23    | 0.35%             | 2027-05-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                    | Lincoln National Corp                                                           | CUSIP: 534187BJ7<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    755000 | PA      | $717541.16    | 0.53%             | 2030-01-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Masco Corp                               | Masco Corp                                                                      | CUSIP: 574599BN5<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    293000 | PA      | $288939.00    | 0.21%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 6174468V4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    525000 | PA      | $521582.21    | 0.39%             | 2026-12-10      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    475000 | PA      | $419629.03    | 0.31%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    195000 | PA      | $200744.51    | 0.15%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| REVVITY INC                              | PerkinElmer Inc                                                                 | CUSIP: 714046AG4<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |    425000 | PA      | $406545.20    | 0.30%             | 2029-09-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                 | Piedmont Operating Partnership LP                                               | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |    120000 | PA      | $102305.19    | 0.08%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                         | Puget Energy Inc                                                                | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    235000 | PA      | $223271.84    | 0.17%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                       | Regency Centers LP                                                              | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    380000 | PA      | $370081.74    | 0.28%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                   | Roper Technologies Inc                                                          | CUSIP: 776696AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292451.30    | 0.22%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                 | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $293295.92    | 0.22%             | 2028-02-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                 | Rogers Communications Inc                                                       | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    190000 | PA      | $193670.75    | 0.14%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SMITHFIELD FOODS INC                     | Smithfield Foods Inc                                                            | CUSIP: 832248BC1<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |    500000 | PA      | $457026.71    | 0.34%             | 2030-10-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| SOLVENTUM CORP                           | Solventum Corp                                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    113000 | PA      | $116638.61    | 0.09%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                           | S&P Global Inc                                                                  | CUSIP: 78409VBK9<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    760000 | PA      | $696437.51    | 0.52%             | 2032-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                        | Southern Power Co                                                               | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    700000 | PA      | $690734.32    | 0.51%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                              | Southern Co/The                                                                 | CUSIP: 842587DE4<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    240000 | PA      | $234057.94    | 0.17%             | 2030-04-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                         | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    850000 | PA      | $833745.38    | 0.62%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| SYNOVUS BANK GA                          | Synovus Bank/Columbus GA                                                        | CUSIP: 87164DVJ6<br>LEI: DX0JX77PRMOELF7VG772 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1153885.45   | 0.86%             | 2028-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                    | Truist Financial Corp                                                           | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    380000 | PA      | $386196.86    | 0.29%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| US BANCORP                               | US Bancorp                                                                      | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    285000 | PA      | $294726.39    | 0.22%             | 2030-01-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                     | WEC Energy Group Inc                                                            | CUSIP: 92939UAE6<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    755000 | PA      | $668825.43    | 0.50%             | 2030-10-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                         | T-Mobile USA Inc                                                                | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    475000 | PA      | $485346.00    | 0.36%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                    | Truist Financial Corp                                                           | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    315000 | PA      | $323036.95    | 0.24%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        32 | NC      | $39932.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                    | Uber Technologies Inc                                                           | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235853.99    | 0.18%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                     | VERISK ANALYTICS INC SR UNSECURED 03/29 4.125                                   | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    565000 | PA      | $563907.11    | 0.42%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                    | Wells Fargo & Co                                                                | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    707000 | PA      | $687413.73    | 0.51%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                         | Welltower OP LLC                                                                | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    195000 | PA      | $198695.96    | 0.15%             | 2035-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Federated Government Obligations Fund    | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |    157685 | PA      | $157685.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Federated Hermes Insurance Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Insurance Series

**Title:** Chief Compliance Officer