# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-25-002865
**Filing Date:** 2025-10
**Character Count:** 102281
**Document Hash:** dc753d9d9fc4ca6f6fbae320762f579f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002865.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000910472-25-002865

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIFIED SERIES TRUST
- **CENTRAL INDEX KEY:** 0001199046

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21237
- **FILM NUMBER:** 251434143

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-346-3324

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### OneAscent Core Plus Bond ETF (Series ID: S000075566)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000234764 | OneAscent Core Plus Bond ETF | OACP            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Unified Series Trust

- **b. Investment Company Act file number:** 811-21237

- **c. CIK number of Registrant:** 0001199046

- **d. LEI of Registrant:** 549300NFHRL589EP7U13

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** ONEASCENT CORE PLUS BOND ETF

- **b. EDGAR series identifier (if any):** S000075566

- **c. LEI of Series:** 549300C8XYISUNJLX703

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

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

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $195109613.67

**Total Liabilities:** $8777493.05

**Net Assets:** $186332120.62

**Cash Not Reported:** $1285242.71

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 124.52971256 | **1-Year:** 2534.57551519 | **5-Year:** 22809.98635717 | **10-Year:** 37797.17855510 | **30-Year:** 21671.53965828

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

- **3-Month:** 5.30538141 | **1-Year:** 968.95798660 | **5-Year:** 2058.32810540 | **10-Year:** 856.18812995 | **30-Year:** 978.64601543

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234764 | 1.76%                | 0.02%                | 1.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $45124.45                | $2376475.52                                |
| Month 2  | $7622.89                 | $-619354.38                                |
| Month 3  | $195520.45               | $1141652.22                                |

### Schedule of Portfolio Investments

| Name                                                      | Title                                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| NATIONAL FIN AUTH N H                                     | New Hampshire Business Finance Authority Floating Rate, Due 07/01/2033              | CUSIP: 63609FAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $850000.00    | 0.46%             | 2033-07-01      | Variable      | 4.52%                 | Yes           | N/A                | On Loan: No      |
| Turkcell Iletisim Hizmetleri AS                           | Turkcell Iletisim Hizmetleri A/S 7.65%, Due 01/24/2032                              | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |   1025000 | PA      | $1073066.64   | 0.58%             | 2032-01-24      | Fixed         | 7.65%                 | Yes           | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Company 5.766%, Fixed until 04/22/2034                             | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $528055.80    | 0.28%             | 2035-04-22      | Fixed         | 5.77%                 | No            | 2                  | On Loan: No      |
| Continental Wind LLC                                      | Continental Wind, LLC 6%, Due 02/28/2033                                            | CUSIP: 212168AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    955047 | PA      | $976434.74    | 0.52%             | 2033-02-28      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Southern California Edison Company                        | Southern California Edison Company 5.2%, Due 06/01/2034                             | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    575000 | PA      | $572201.19    | 0.31%             | 2034-06-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| OREGON ST                                                 | State of Oregon 5.832%, Due 05/01/2045                                              | CUSIP: 68609UNU5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    750000 | PA      | $770524.43    | 0.41%             | 2045-05-01      | Fixed         | 5.83%                 | No            | 2                  | On Loan: No      |
| Serbia (Republic Of)                                      | Serbia International Bond 6%, Due 06/12/2034                                        | CUSIP: 817477AJ1<br>LEI: 254900W94OCY91V32O78 | Long             | DBT              | NUSS              | RS        |    575000 | PA      | $590222.50    | 0.32%             | 2034-06-12      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Colombia (Republic Of)                                    | Colombia Government International Bond 8.75%, Due 11/14/2053                        | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1000000 | PA      | $1059690.00   | 0.57%             | 2053-11-14      | Fixed         | 8.75%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8201                                                    | CUSIP: 36179XDE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    835802 | PA      | $813825.81    | 0.44%             | 2052-08-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Liberty Tire Recycling                                    | LTR Intermediate Holdings, Inc. Floating Rate, Due 05/07/2028                       | CUSIP: 50219UAB1<br>LEI: 549300J0IFHJE2TQGX07 | Long             | LON              | CORP              | US        |    969773 | PA      | $966136.67    | 0.52%             | 2028-05-07      | Floating      | 9.94%                 | No            | 2                  | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Company 5.576%, Fixed Unitl 07/23/2025                             | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    825000 | PA      | $843668.95    | 0.45%             | 2036-07-23      | Fixed         | 5.58%                 | No            | 2                  | On Loan: No      |
| Comision Federal de Electricidad                          | Comision Federal de Electricidad 6.45%, Due 01/24/2035                              | CUSIP: 200447AP5<br>LEI: 4469000001BFPONMPF32 | Long             | DBT              | CORP              | MX        |   1125000 | PA      | $1133158.50   | 0.61%             | 2035-01-24      | Fixed         | 6.45%                 | Yes           | 2                  | On Loan: No      |
| Trustees of Dartmouth College                             | Trustees of Dartmouth College 4.273%, Due 06/01/2030                                | CUSIP: 89837RAE2<br>LEI: JVPL1XBV6YI9538FWQ05 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008946.84   | 0.54%             | 2030-06-01      | Fixed         | 4.27%                 | No            | 2                  | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST 2023-2                            | Mosaic Solar Loan Trust 2023-2 8.18%, Due 09/22/2053                                | CUSIP: 61945WAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $341561.05    | 0.18%             | 2053-09-22      | Fixed         | 8.18%                 | Yes           | N/A                | On Loan: No      |
| UBS Group AG                                              | UBS Group A.G. 6.301%, Fixed until 09/22/2033                                       | CUSIP: 225401BG2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $1083073.40   | 0.58%             | 2034-09-22      | Fixed         | 6.30%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8648                                                    | CUSIP: 36179XTD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     82532 | PA      | $83625.25     | 0.04%             | 2053-02-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4700                                                       | CUSIP: 31418EGJ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1321779 | PA      | $1237040.80   | 0.66%             | 2052-08-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Cpts 2019-Cpt Mtg Trust                                   | Century Plaza Towers 2019-CPT Floating Rate, Due 11/13/2039                         | CUSIP: 12654YAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740000 | PA      | $672521.84    | 0.36%             | 2039-11-13      | Variable      | 3.10%                 | Yes           | 2                  | On Loan: No      |
| International Finance Facility for Immunisation           | International Finance Facility for Immunisation Company                             | CUSIP: G4888VBN2<br>LEI: 549300ILK2NRULX3HX87 | Long             | DBT              | NUSS              | GB        |   1000000 | PA      | $980754.49    | 0.53%             | 2026-04-21      | Fixed         | 1.00%                 | Yes           | 2                  | On Loan: No      |
| Credit Agricole Corporate and Investment Bank             | Credit Agricole Corporate & Investment Bank S.A. 4.57%, Due 08/25/2030              | CUSIP: 22534W5E4<br>LEI: 1VUV7VQFKUOQSJ21A208 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1000000.00   | 0.54%             | 2030-08-25      | Fixed         | 4.57%                 | No            | 2                  | On Loan: No      |
| Kreditanstalt Fuer Wiederaufbau                           | Kreditanstalt fuer Wiederaufbau 4.375%, Due 02/28/2034                              | CUSIP: 500769KD5<br>LEI: 549300GDPG70E3MBBU98 | Long             | DBT              | NUSS              | DE        |   1000000 | PA      | $1017132.87   | 0.55%             | 2034-02-28      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| TOTE Shipholdings Inc                                     | Tote Shipholdings, LLC 3.4%, Due 10/16/2040                                         | CUSIP: 89156HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    881000 | PA      | $781037.78    | 0.42%             | 2040-10-16      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| Morgan Stanley Private Bank National Association          | Morgan Stanley Private Bank NA 4.734%, Due 07/18/2031                               | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1140808.33   | 0.61%             | 2031-07-18      | Fixed         | 4.73%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4626                                                       | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2226802 | PA      | $2084163.13   | 1.12%             | 2052-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Dominican Republic                                        | Dominican Republic International Bond 6.6%, Due 06/01/2036                          | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    300000 | PA      | $309639.00    | 0.17%             | 2036-06-01      | Fixed         | 6.60%                 | Yes           | 2                  | On Loan: No      |
| California Buyer Ltd.                                     | California Buyer Ltd. / Atlantica Sustainable Infrastructure plc                    | CUSIP: 13005HAA8<br>LEI: 254900V5SMQ1UP1CLC26 | Long             | DBT              | CORP              | GB        |    450000 | PA      | $456715.35    | 0.25%             | 2032-02-15      | Fixed         | 6.38%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4920                                                       | CUSIP: 31418EPE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    312542 | PA      | $320972.57    | 0.17%             | 2053-02-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Siemens Funding BV                                        | Siemens Funding BV 5.2%, Due 05/28/2035                                             | CUSIP: 82622RAE6<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   1325000 | PA      | $1365957.61   | 0.73%             | 2035-05-28      | Fixed         | 5.20%                 | Yes           | 2                  | On Loan: No      |
| Vistra Corp                                               | Vistra Corporation 7% Until 12/15/2026                                              | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014972.00   | 0.54%             | N/A             | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # CB3905                                                       | CUSIP: 3140QPKT3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    175480 | PA      | $159235.84    | 0.09%             | 2052-06-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| International Bank for Reconstruction & Development       | International Bank for Reconstruction & Development                                 | CUSIP: 459058KR3<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | US        |    500000 | PA      | $491820.90    | 0.26%             | 2028-03-31      | Floating      | 0.00%                 | No            | N/A                | On Loan: No      |
| International Development Association                     | International Development Association 4.375%, Due 11/27/2029                        | CUSIP: 45939E2C3<br>LEI: P41R60HC414IWQA1XW02 | Long             | DBT              | NUSS              | US        |    850000 | PA      | $871228.01    | 0.47%             | 2029-11-27      | Fixed         | 4.38%                 | Yes           | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Pool Pool # QD7557                                                      | CUSIP: 3133B5ME9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    173610 | PA      | $152478.92    | 0.08%             | 2052-02-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Topaz Solar Farms LLC                                     | Topaz Solar Farms, LLC 5.75%, Due 09/30/2039                                        | CUSIP: 89054XAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    866984 | PA      | $875554.14    | 0.47%             | 2039-09-30      | Fixed         | 5.75%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8646                                                    | CUSIP: 36179XTB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    132219 | PA      | $128343.89    | 0.07%             | 2053-02-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Midamerican Energy Company                                | MidAmerican Energy Company 5.3%, Due 02/01/2055                                     | CUSIP: 595620AZ8<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $991058.50    | 0.53%             | 2055-02-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| National Community Renaissance California                 | National Community Renaissance of California 3.27%, Due 12/01/2032                  | CUSIP: 63548MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $876090.18    | 0.47%             | 2032-12-01      | Fixed         | 3.27%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD    | Freddie Mac Multifamily ML Certificates 1.508%, Due 09/25/2037                      | CUSIP: 3137HASR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | MUN               | US        |   4811680 | PA      | $502531.85    | 0.27%             | 2037-09-25      | None          | 1.51%                 | No            | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Pool Pool # SD8213                                                      | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    573029 | PA      | $498121.87    | 0.27%             | 2052-05-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| BB Blue Financing Designated Activity Company             | BB Blue Financing DAC 4.395%, Due 09/20/2037                                        | CUSIP: G0863UAB8<br>LEI: 635400ZEZBP91CFF7965 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $980353.33    | 0.53%             | 2037-09-20      | Fixed         | 4.39%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Multiclass Certificates Series 2015-P001                                | CUSIP: 3137H74G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   1000000 | PA      | $902944.90    | 0.48%             | 2032-02-25      | Variable      | 2.76%                 | No            | N/A                | On Loan: No      |
| FRONTIER ISSUER LLC                                       | Frontier Issuer, LLC 11.16%, Due 06/20/2054                                         | CUSIP: 35910EAP9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1127940.30   | 0.61%             | 2054-06-20      | Fixed         | 11.16%                | Yes           | 2                  | On Loan: No      |
| United States Treasury Notes                              | United States Treasury Note 4%, Due 07/31/2032                                      | CUSIP: 91282CNR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    485000 | PA      | $487121.88    | 0.26%             | 2032-07-31      | Fixed         | 4.00%                 | No            | 1                  | On Loan: No      |
| FRONTIER ISSUER LLC                                       | Frontier Issuer, LLC 11.5%, Due 08/20/2053                                          | CUSIP: 35910EAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1048754.00   | 0.56%             | 2053-08-20      | Fixed         | 11.50%                | Yes           | 2                  | On Loan: No      |
| Alcoa Nederland Holding B.V.                              | Alcoa Nederland Holding BV 7.125%, Due 03/15/2031                                   | CUSIP: 013822AH4<br>LEI: 5493000UL1QLQLT1VQ42 | Long             | DBT              | CORP              | NL        |   1030000 | PA      | $1087129.98   | 0.58%             | 2031-03-15      | Fixed         | 7.12%                 | Yes           | 2                  | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST 2024-1                            | Mosaic Solar Loan Trust 2024-1 10%, Due 09/20/2049                                  | CUSIP: 618937AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $158340.95    | 0.08%             | 2049-09-20      | Fixed         | 10.00%                | Yes           | N/A                | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # FS0522                                                       | CUSIP: 3140XFSL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1059559 | PA      | $895355.75    | 0.48%             | 2052-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| BB Blue Financing Designated Activity Company             | BB Blue Financing DAC 4.395%, Due 09/20/2029                                        | CUSIP: G0863UAA0<br>LEI: 635400ZEZBP91CFF7965 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $982967.32    | 0.53%             | 2029-09-20      | Fixed         | 4.39%                 | No            | 2                  | On Loan: No      |
| NHP Foundation                                            | NHP Foundation (The) 6%, Due 12/01/2033                                             | CUSIP: 62925MAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $538659.27    | 0.29%             | 2033-12-01      | Fixed         | 6.00%                 | No            | N/A                | On Loan: No      |
| NatWest Group PLC                                         | NatWest Group plc 8.125%, Fixed until 5/10/2034                                     | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1109735.00   | 0.60%             | N/A             | Fixed         | 8.12%                 | No            | 2                  | On Loan: No      |
| CHI COMMERCIAL MORTGAGE TRUST 2025-                       | CHI Commercial Mortgage Trust 2025-SFT Floating Rate, Due 04/15/2042                | CUSIP: 16706GAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3925000 | PA      | $38852.01     | 0.02%             | 2042-04-15      | Variable      | 0.31%                 | Yes           | N/A                | On Loan: No      |
| TotalEnergies Capital S.A.                                | TotalEnergies Capital S.A. 5.425%, Due 09/10/2064                                   | CUSIP: 89157XAF8<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |   1200000 | PA      | $1110534.60   | 0.60%             | 2064-09-10      | Fixed         | 5.42%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5039                                                       | CUSIP: 31418ES50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    775877 | PA      | $782846.34    | 0.42%             | 2053-06-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Intesa Sanpaolo S.p.A.                                    | Intesa Sanpaolo SpA 7.7%, Fixed until 09/17/2025                                    | CUSIP: 46115HAU1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   1000000 | PA      | $1001538.00   | 0.54%             | N/A             | Fixed         | 7.70%                 | Yes           | 2                  | On Loan: No      |
| Canadian Imperial Bank of Commerce                        | Canadian Imperial Bank of Commerce 7%, Fixed Until 10/28/2030                       | CUSIP: 13607P7Y4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1075000 | PA      | $1098511.33   | 0.59%             | 2085-10-28      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Duke Energy Carolinas  LLC                                | Duke Energy Carolinas, LLC 3.55%, Due 03/15/2052                                    | CUSIP: 26442CBH6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $712040.56    | 0.38%             | 2052-03-15      | Fixed         | 3.55%                 | No            | 2                  | On Loan: No      |
| Delta Air Lines Inc.                                      | Delta Air Lines 2020-1 Class A Pass Through Trust 2.5%, Due 06/10/2028              | CUSIP: 247361ZW1<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | ABS-O            | CORP              | US        |   1079965 | PA      | $1026188.54   | 0.55%             | 2028-06-10      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bonds                              | United States Treasury Note 4.875%, Due 08/15/2045                                  | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6269000 | PA      | $6275856.72   | 3.37%             | 2045-08-15      | Fixed         | 4.88%                 | No            | 1                  | On Loan: No      |
| Occidental Petroleum Corp.                                | Occidental Petroleum Corporation 6.05%, Due 10/01/2054                              | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    400000 | PA      | $372248.20    | 0.20%             | 2054-10-01      | Fixed         | 6.05%                 | No            | 2                  | On Loan: No      |
| Cheniere Energy Partners Lp                               | Cheniere Energy Partners, L.P. 4%, Due 03/01/2031                                   | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963672.95    | 0.52%             | 2031-03-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| SUN HEL XII ISSUER LLC 2023-B                             | Sunnova Helios XII Issuer, LLC 6%, Due 08/22/2050                                   | CUSIP: 86745YAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    774059 | PA      | $570267.77    | 0.31%             | 2050-08-22      | Fixed         | 6.00%                 | Yes           | 2                  | On Loan: No      |
| Bridge Housing Corporation                                | Bridge Housing Corporation 3.25%, Due 07/15/2030                                    | CUSIP: 10806CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $702757.99    | 0.38%             | 2030-07-15      | Fixed         | 3.25%                 | No            | 2                  | On Loan: No      |
| UBS Group AG                                              | UBS Group A.G. 9.25%, Fixed until 11/13/2028                                        | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    625000 | PA      | $686543.75    | 0.37%             | N/A             | Fixed         | 9.25%                 | Yes           | 2                  | On Loan: No      |
| NEW YORK N Y                                              | City of New York NY 5.094%, Due 10/01/2049                                          | CUSIP: 64966SHM1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944504.20    | 0.51%             | 2049-10-01      | Fixed         | 5.09%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8347                                                    | CUSIP: 36179XHY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    144511 | PA      | $140443.14    | 0.08%             | 2052-10-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes                              | United States Treasury Note 4.25%, Due 08/15/2035                                   | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3648000 | PA      | $3654555.02   | 1.96%             | 2035-08-15      | Fixed         | 4.25%                 | No            | 1                  | On Loan: No      |
| Inter-American Development Bank                           | Inter-American Development Bank 3.5%, Due 04/12/2033                                | CUSIP: 4581X0EJ3<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $961916.92    | 0.52%             | 2033-04-12      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| MARYLAND ST ECONOMIC DEV CORP                             | Maryland Economic Development Corporation 5.433%, Due 05/31/2056                    | CUSIP: 574205JJ0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    750000 | PA      | $709261.50    | 0.38%             | 2056-05-31      | Fixed         | 5.43%                 | No            | 2                  | On Loan: No      |
| Raizen Fuels Finance SA                                   | Raizen Fuels Finance S.A. 6.45%, Due 03/05/2034                                     | CUSIP: 75102XAB2<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    575000 | PA      | $561344.96    | 0.30%             | 2034-03-05      | Fixed         | 6.45%                 | Yes           | 2                  | On Loan: No      |
| BP Capital Markets America, Inc.                          | BP Capital Markets America, Inc. 2.772%, Due 11/10/2050                             | CUSIP: 10373QBN9<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $604208.30    | 0.32%             | 2050-11-10      | Fixed         | 2.77%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-609M           | Wells Fargo Commercial Mortgage Trust 2025-609M Floating Rate, Due 08/15/2042       | CUSIP: 95004NAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100057.90    | 0.05%             | 2042-08-15      | Floating      | 6.69%                 | Yes           | 2                  | On Loan: No      |
| GALLATIN CNTY MONT                                        | County of Gallatin MT 11.5%, Due 09/01/2027                                         | CUSIP: 363671BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030444.30   | 0.55%             | 2027-09-01      | Fixed         | 11.50%                | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA9101                                                    | CUSIP: 36179YDE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     24149 | PA      | $21533.85     | 0.01%             | 2053-08-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                 | HA Sustainable Infrastructure Capital, Inc. 6.375%, Due 07/01/2034                  | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992043.67    | 0.53%             | 2034-07-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4978                                                       | CUSIP: 31418EQ86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1149194 | PA      | $1138816.54   | 0.61%             | 2053-04-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4732                                                       | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    904372 | PA      | $846392.54    | 0.45%             | 2052-09-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Pacific Gas and Electric Company                          | Pacific Gas and Electric Company 6.7%, Due 04/01/2053                               | CUSIP: 694308KK2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1035129.91   | 0.56%             | 2053-04-01      | Fixed         | 6.70%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8489                                                    | CUSIP: 36179XNE2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    616073 | PA      | $598035.38    | 0.32%             | 2052-12-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5165                                                       | CUSIP: 31418EW30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2014166 | PA      | $2033652.96   | 1.09%             | 2053-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| New York State Electric & Gas Corporation                 | New York State Electric & Gas Corporation 5.05%, Due 08/15/2035                     | CUSIP: 649840CX1<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |    925000 | PA      | $918173.61    | 0.49%             | 2035-08-15      | Fixed         | 5.05%                 | Yes           | 2                  | On Loan: No      |
| NATIONAL FIN AUTH N H                                     | New Hampshire Business Finance Authority 5.694%, Due 11/01/2045                     | CUSIP: 63607YCG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $723890.70    | 0.39%             | 2045-11-01      | Fixed         | 5.69%                 | No            | 2                  | On Loan: No      |
| TESLA AUTO LEASE TRUST 2024-A                             | Tesla Auto Lease Trust 5.3%, Due 06/21/2027                                         | CUSIP: 88166VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1084521 | PA      | $1087729.12   | 0.58%             | 2027-06-21      | Fixed         | 5.30%                 | Yes           | 2                  | On Loan: No      |
| NEW YORK ST ENERGY RESH & DEV AUTH                        | New York State Energy Research & Development Authority                              | CUSIP: 64985VBP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $608674.80    | 0.33%             | 2040-04-01      | Fixed         | 6.22%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes                              | United States Treasury Note 3.875%, Due 07/31/2027                                  | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2144000 | PA      | $2152793.74   | 1.16%             | 2027-07-31      | Fixed         | 3.88%                 | No            | 1                  | On Loan: No      |
| IOWA FIN AUTH                                             | Iowa Finance Authority 7%, Due 11/01/2027                                           | CUSIP: 46246JNP6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    415000 | PA      | $420836.44    | 0.23%             | 2027-11-01      | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| Export Development Canada                                 | Export Development Canada 4.125%, Due 02/13/2029                                    | CUSIP: 30216BKC5<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |   1000000 | PA      | $1015676.16   | 0.55%             | 2029-02-13      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # FS5848                                                       | CUSIP: 3140XMQA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    259899 | PA      | $218127.86    | 0.12%             | 2051-12-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| One Market Plaza Trust                                    | One Market Plaza Trust 2017-1MKT 3.614%, Due 02/10/2024                             | CUSIP: 68245HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    365224 | PA      | $350089.15    | 0.19%             | 2032-02-10      | Fixed         | 3.61%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # CB2804                                                       | CUSIP: 3140QNDJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    167688 | PA      | $141699.92    | 0.08%             | 2052-02-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4919                                                       | CUSIP: 31418EPD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    381696 | PA      | $385791.77    | 0.21%             | 2053-02-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| COMM 2022-HC MORTGAGE TRUST                               | COMM 2022-HC Mortgage Trust 3.173%, Due 01/10/2039                                  | CUSIP: 12659DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $950495.60    | 0.51%             | 2039-01-10      | Fixed         | 3.17%                 | Yes           | N/A                | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                  | Minnesota Housing Finance Agency 5.897%, Due 08/01/2049                             | CUSIP: 60416UGK5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    750000 | PA      | $746720.78    | 0.40%             | 2049-08-01      | Fixed         | 5.90%                 | No            | 2                  | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank                | Zions Bancorp NA 4.704%, Fixed Until 08/18/2027                                     | CUSIP: 98971DAD2<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003827.06   | 0.54%             | 2028-08-18      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| Dow Chemical Co. (The)                                    | Dow Chemical Company (The) 5.6%, Due 02/15/2054                                     | CUSIP: 260543DK6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $891230.83    | 0.48%             | 2054-02-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Southern California Edison Company                        | Southern California Edison Company 3.65%, Due 06/01/2051                            | CUSIP: 842400HF3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $681754.56    | 0.37%             | 2051-06-01      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| TESLA AUTO LEASE TRUST 2024-B                             | Tesla Auto Lease Trust 2024-B 4.79%, Due 01/20/2027                                 | CUSIP: 881934AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133297 | PA      | $133411.11    | 0.07%             | 2027-01-20      | Fixed         | 4.79%                 | Yes           | N/A                | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5331                                                       | CUSIP: 31418E4R8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    121652 | PA      | $122588.60    | 0.07%             | 2054-04-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Equinor ASA                                               | Equinor ASA 3.95%, Due 05/15/2043                                                   | CUSIP: 85771PAL6<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |   1000000 | PA      | $841174.28    | 0.45%             | 2043-05-15      | Fixed         | 3.95%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4805                                                       | CUSIP: 31418EKT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1193334 | PA      | $1152275.44   | 0.62%             | 2052-11-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| ExGen Renewables IV                                       | Constellation Renewables, LLC Floating Rate, Due 12/15/2027                         | CUSIP: 30204KAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    813909 | PA      | $814417.40    | 0.44%             | 2027-12-15      | Floating      | 7.59%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4761                                                       | CUSIP: 31418EJF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    276520 | PA      | $274176.53    | 0.15%             | 2052-09-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| MARYLAND ST ECONOMIC DEV CORP                             | Maryland Economic Development Corporation 5.942%, Due 05/31/2057                    | CUSIP: 574205HW3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249026.63   | 0.67%             | 2057-05-31      | Fixed         | 5.94%                 | No            | 2                  | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY PUB UTILS COMMN           | San Francisco City & County Public Utilities Commission Wastewater Revenue          | CUSIP: 79768HJN9<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016395.20   | 0.55%             | 2027-10-01      | Fixed         | 4.66%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4785                                                       | CUSIP: 31418EJ76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    570100 | PA      | $565238.55    | 0.30%             | 2052-10-25      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA7828                                                    | CUSIP: 36179WVV7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    189924 | PA      | $168579.77    | 0.09%             | 2052-01-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| NEW YORK ST ENERGY RESH & DEV AUTH                        | New York State Energy Research & Development Authority                              | CUSIP: 64985VAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    788000 | PA      | $725163.78    | 0.39%             | 2037-04-01      | Fixed         | 4.87%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD    | Freddie Mac Multiclass Certificates Series 2015-P001                                | CUSIP: 3137HDJU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011143.50   | 0.54%             | 2033-09-25      | Variable      | 4.77%                 | No            | 2                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-609M           | Wells Fargo Commercial Mortgage Trust 2025-609M Floating Rate, Due 08/15/2042       | CUSIP: 95004NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $150016.68    | 0.08%             | 2042-08-15      | Floating      | 6.19%                 | Yes           | 2                  | On Loan: No      |
| Natixis Coml Mtg Secs Tr 2019-1776                        | Natixis Commercial Mortgage Securities Trust 2019-MILE                              | CUSIP: 63875FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    848857 | PA      | $814618.79    | 0.44%             | 2036-07-15      | Floating      | 5.94%                 | Yes           | 2                  | On Loan: No      |
| New York State Electric & Gas Corporation                 | New York State Electric & Gas Corporation 2.15%, Due 10/01/2031                     | CUSIP: 649840CT0<br>LEI: 549300GEC6J0YHUXA160 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $867024.91    | 0.47%             | 2031-10-01      | Fixed         | 2.15%                 | Yes           | 2                  | On Loan: No      |
| WELLS FARGO COMMERCIAL MORTGAGE TRUST 2025-609M           | Wells Fargo Commercial Mortgage Trust 2025-609M Floating Rate, Due 08/15/2042       | CUSIP: 95004NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $750314.85    | 0.40%             | 2042-08-15      | Floating      | 5.89%                 | Yes           | 2                  | On Loan: No      |
| SUNRUN JUPITER ISUR LLC 2022-1                            | Sunrun Jupiter Issuer 2022-1, LLC 4.75%, Due 07/30/2057                             | CUSIP: 86772RAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    893917 | PA      | $850776.54    | 0.46%             | 2057-07-30      | Fixed         | 4.75%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # CB1301                                                       | CUSIP: 3140QLNT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    115500 | PA      | $97292.51     | 0.05%             | 2051-08-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| Amazon Conservation DAC                                   | Amazon Conservation DAC 6.034%, Due 01/16/2042                                      | CUSIP: 02315JAA2<br>LEI: 635400VMJ6EGNYN3YK31 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $407272.00    | 0.22%             | 2042-01-16      | Fixed         | 6.03%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4580                                                       | CUSIP: 31418ECS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2210197 | PA      | $2002168.91   | 1.07%             | 2052-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Capital Impact Partners                                   | Capital Impact Partners 5.335%, Due 08/01/2030                                      | CUSIP: 140192AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016549.81   | 0.55%             | 2030-08-01      | Fixed         | 5.33%                 | No            | 2                  | On Loan: No      |
| BNP Paribas SA                                            | BNP Paribas S.A. 7.45%, Fixed Until 06/27/2035                                      | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $510312.00    | 0.27%             | N/A             | Fixed         | 7.45%                 | Yes           | 2                  | On Loan: No      |
| United States Treasury Notes                              | United States Treasury Note 3.625%, Due 08/31/2027                                  | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $500029.30    | 0.27%             | 2027-08-31      | Fixed         | 3.62%                 | No            | 1                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # CB2795                                                       | CUSIP: 3140QNC91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    206214 | PA      | $179335.24    | 0.10%             | 2052-02-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| International Bank for Reconstruction & Development       | International Bank for Reconstruction & Development                                 | CUSIP: U4586HL76<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $1018261.63   | 0.55%             | 2033-07-31      | Floating      | 1.74%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8647                                                    | CUSIP: 36179XTC0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    214086 | PA      | $212928.65    | 0.11%             | 2053-02-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| San Diego Gas & Electric Company                          | San Diego Gas & Electric Company 2.95%, Due 08/15/2051                              | CUSIP: 797440CA0<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $628017.46    | 0.34%             | 2051-08-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4709                                                       | CUSIP: 31418EGT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    385736 | PA      | $382487.25    | 0.21%             | 2052-07-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Government National Mortgage Association 3%, Due 02/20/2052                         | CUSIP: 38384CKJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |    106176 | PA      | $69347.09     | 0.04%             | 2052-02-20      | Fixed         | 3.00%                 | No            | N/A                | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5497                                                       | CUSIP: 31418FDB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    548532 | PA      | $552311.18    | 0.30%             | 2054-10-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5106                                                       | CUSIP: 31418EU81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1517024 | PA      | $1502211.24   | 0.81%             | 2053-08-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA7768                                                    | CUSIP: 36179WTZ1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1745949 | PA      | $1549538.86   | 0.83%             | 2051-12-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| SWITCH ABS ISSUER LLC 2024-1                              | Switch A.B.S Issuer, LLC 5.036%, Due 03/25/2055                                     | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $991504.00    | 0.53%             | 2055-03-25      | Fixed         | 5.04%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4733                                                       | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1743598 | PA      | $1684145.02   | 0.90%             | 2052-09-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| LD Celulose International GmbH                            | LD Celulose International GmbH 7.95%, Due 01/26/2032                                | CUSIP: 50206BAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | AT        |    375000 | PA      | $394322.41    | 0.21%             | 2032-01-26      | Fixed         | 7.95%                 | Yes           | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8267                                                    | CUSIP: 36179XFG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    875853 | PA      | $824419.16    | 0.44%             | 2052-09-20      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Pool Pool # SD8329                                                      | CUSIP: 3132DWHE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1372124 | PA      | $1359433.91   | 0.73%             | 2053-06-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Canada (Government of)                                    | Canada Government International Bond 4%, Due 03/18/2030                             | CUSIP: 43358BAB9<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |   1000000 | PA      | $1013261.39   | 0.54%             | 2030-03-18      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Export Development Canada                                 | Export Development Canada 4.75%, Due 06/05/2034                                     | CUSIP: 30216BKF8<br>LEI: Z6MHCSLXHKYG4B6PHW02 | Long             | DBT              | NUSS              | CA        |   1000000 | PA      | $1040748.66   | 0.56%             | 2034-06-05      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| HERTZ VEHICLE FINANCING III LLC                           | Hertz Vehicle Financing III, LLC 7.13%, Due 09/25/2029                              | CUSIP: 42806MBY4<br>LEI: 5493004IHDYOZ9K9WF47 | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $934558.38    | 0.50%             | 2029-09-25      | Fixed         | 7.13%                 | Yes           | N/A                | On Loan: No      |
| CHI COMMERCIAL MORTGAGE TRUST 2025-                       | CHI Commercial Mortgage Trust 2025-SFT Floating Rate, Due 04/15/2042                | CUSIP: 16706GAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1025258.50   | 0.55%             | 2042-04-15      | Variable      | 5.66%                 | Yes           | 2                  | On Loan: No      |
| TESLA ELECTRC VEHICLE TRUST 2023-1                        | Tesla Electric Vehicle Trust 2023-1 5.38%, Due 06/20/2028                           | CUSIP: 881943AD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $757068.90    | 0.41%             | 2028-06-20      | Fixed         | 5.38%                 | Yes           | 2                  | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc                 | HA Sustainable Infrastructure Capital, Inc. 6.75%, Due 07/15/2035                   | CUSIP: 40408AAB7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1035806.05   | 0.56%             | 2035-07-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Unilever Capital Corporation                              | Unilever Capital Corporation 2.625%, Due 08/12/2051                                 | CUSIP: 904764BR7<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $605750.78    | 0.33%             | 2051-08-12      | Fixed         | 2.62%                 | No            | 2                  | On Loan: No      |
| SAN FRANCISCO CALIF CITY & CNTY                           | City & County of San Francisco CA 5.45%, Due 06/15/2064                             | CUSIP: 79773KRM8<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    500000 | PA      | $468337.40    | 0.25%             | 2064-06-15      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| United States Treasury Bonds                              | United States Treasury Note 4.75%, Due 05/15/2055                                   | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    508000 | PA      | $494585.63    | 0.27%             | 2055-05-15      | Fixed         | 4.75%                 | No            | 1                  | On Loan: No      |
| UBS Group AG                                              | UBS Group A.G. 7%, Fixed until  8/5/2035                                            | CUSIP: 902613BS6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    325000 | PA      | $328453.13    | 0.18%             | N/A             | Fixed         | 7.00%                 | Yes           | 2                  | On Loan: No      |
| CHESTER UPLAND SCH DIST PA                                | Chester Upland School District 5.33%, Due 12/30/2025                                | CUSIP: 166330EU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.54%             | 2025-12-30      | Fixed         | 5.33%                 | No            | N/A                | On Loan: No      |
| Conservation Fund / Sustainable Conservation Inc          | Conservation Fund A Nonprofit Corporation (The) 3.474%, Due 12/15/2029              | CUSIP: 20848FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $943485.38    | 0.51%             | 2029-12-15      | Fixed         | 3.47%                 | No            | 2                  | On Loan: No      |
| Quebec (Province Of)                                      | Province of Quebec Canada 1.9%, Due 04/21/2031                                      | CUSIP: 748149AR2<br>LEI: 549300WN65YFEQH74Y36 | Long             | DBT              | MUN               | CA        |   1000000 | PA      | $895664.31    | 0.48%             | 2031-04-21      | Fixed         | 1.90%                 | No            | 2                  | On Loan: No      |
| Lloyds Banking Group PLC                                  | Lloyds Banking Group plc 6.068%, Fixed Until 06/13/2035                             | CUSIP: 539439BE8<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    725000 | PA      | $749847.12    | 0.40%             | 2036-06-13      | Fixed         | 6.07%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4701                                                       | CUSIP: 31418EGK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1730955 | PA      | $1671933.79   | 0.90%             | 2052-08-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # BU8837                                                       | CUSIP: 3140MAZB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    151737 | PA      | $150608.81    | 0.08%             | 2052-05-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| PG&E Recovery Funding LLC                                 | PG&E Recovery Funding, LLC 4.838%, Due 06/01/2033                                   | CUSIP: 71710TAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    918668 | PA      | $929532.64    | 0.50%             | 2033-06-01      | Fixed         | 4.84%                 | No            | 2                  | On Loan: No      |
| Omnis Funding Trust                                       | Omnis Funding Trust 6.722%, Due 05/15/2055                                          | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1060464.76   | 0.57%             | 2055-05-15      | Fixed         | 6.72%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4918                                                       | CUSIP: 31418EPC8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    109989 | PA      | $109039.87    | 0.06%             | 2053-02-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4579                                                       | CUSIP: 31418ECR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2956649 | PA      | $2570688.48   | 1.38%             | 2052-04-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| One Bryant Park Trust 2019-Obp                            | One Bryant Park Trust 2019-OBP 2.51641%, Due 09/15/2054                             | CUSIP: 68236JAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $920749.20    | 0.49%             | 2054-09-15      | Fixed         | 2.52%                 | Yes           | 2                  | On Loan: No      |
| Consumers 2023 Securitization Funding LLC                 | Consumers 2023 Securitization Funding, LLC 5.55%, Due 03/01/2027                    | CUSIP: 21071BAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    602679 | PA      | $607721.88    | 0.33%             | 2027-03-01      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage Association                  | Ginnie Mae II Pool Pool # MA8149                                                    | CUSIP: 36179XBS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1288466 | PA      | $1175128.55   | 0.63%             | 2052-07-20      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| Bank of Montreal                                          | Bank of Montreal 6.875%, Fixed until 11/26/2030                                     | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1008448.00   | 0.54%             | 2085-11-26      | Fixed         | 6.88%                 | No            | 2                  | On Loan: No      |
| TotalEnergies Capital S.A.                                | TotalEnergies Capital S.A. 5.488%, Due 04/05/2054                                   | CUSIP: 89157XAB7<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    825000 | PA      | $786218.17    | 0.42%             | 2054-04-05      | Fixed         | 5.49%                 | No            | 2                  | On Loan: No      |
| SAN DIEGO CALIF UNI SCH DIST                              | San Diego Unified School District/CA 3.965%, Due 07/01/2029                         | CUSIP: 797356NZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351983.14    | 0.19%             | 2029-07-01      | Fixed         | 3.96%                 | No            | 2                  | On Loan: No      |
| STWD TRUST 2021-LIH                                       | STWD 2021-LIH Mortgage Trust Floating Rate, Due 11/15/2036                          | CUSIP: 78486EAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1100000 | PA      | $1097886.02   | 0.59%             | 2036-11-15      | Floating      | 6.13%                 | Yes           | 2                  | On Loan: No      |
| Ameriprise Financial, Inc.                                | Ameriprise Financial, Inc. 5.2%, Due 04/15/2035                                     | CUSIP: 03076CAP1<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1062356.73   | 0.57%             | 2035-04-15      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| PUBLIC FIN AUTH WIS                                       | Public Finance Authority 6.25%, Due 06/01/2031                                      | CUSIP: 74443DMA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505993.80    | 0.27%             | 2031-06-01      | Fixed         | 6.25%                 | Yes           | 2                  | On Loan: No      |
| Public Service Company of Colorado                        | Public Service Company of Colorado 5.75%, Due 05/15/2054                            | CUSIP: 744448DA6<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1086692.41   | 0.58%             | 2054-05-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4942                                                       | CUSIP: 31418EP46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    251366 | PA      | $258069.85    | 0.14%             | 2053-03-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes                              | United States Treasury Note 3.875%, Due 07/31/2030                                  | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2918000 | PA      | $2941024.83   | 1.58%             | 2030-07-31      | Fixed         | 3.88%                 | No            | 1                  | On Loan: No      |
| PHILADELPHIA PA REDEV AUTH                                | Redevelopment Authority of the City of Philadelphia                                 | CUSIP: 717868KC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $491390.90    | 0.26%             | 2040-09-01      | Fixed         | 5.23%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5353                                                       | CUSIP: 31418E5P1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1949077 | PA      | $1964078.56   | 1.05%             | 2054-05-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Liberty Utilities Finance GP1                             | Liberty Utilities Finance GP 1 2.05%, Due 09/15/2030                                | CUSIP: 531546AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $890633.89    | 0.48%             | 2030-09-15      | Fixed         | 2.05%                 | Yes           | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Pool Pool # SD1937                                                      | CUSIP: 3132DPEJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1055749 | PA      | $917933.08    | 0.49%             | 2052-03-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5389                                                       | CUSIP: 31418E7B0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    368536 | PA      | $377110.43    | 0.20%             | 2054-06-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # 310210                                                       | CUSIP: 31374CR73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    661817 | PA      | $637318.84    | 0.34%             | 2044-05-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Federal National Mortgage Association 0.875%, Due 08/05/2030                        | CUSIP: 3135G05Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $874128.66    | 0.47%             | 2030-08-05      | Fixed         | 0.88%                 | No            | 2                  | On Loan: No      |
| HAT Holdings I LLC and HAT Holdings II LLC                | HAT Holdings I, LLC / HAT Holdings II, LLC 3.375%, Due 06/15/2026                   | CUSIP: 418751AE3<br>LEI: 254900YE1WH1XG7Y4E44 | Long             | DBT              | CORP              | US        |    215000 | PA      | $212209.22    | 0.11%             | 2026-06-15      | Fixed         | 3.38%                 | Yes           | 2                  | On Loan: No      |
| Arab Petroleum Investments Corp.                          | Arab Petroleum Investments Corporation 5.428%, Due 05/02/2029                       | CUSIP: 03845EAD4<br>LEI: 213800A54KIUYH5YD185 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $1036068.46   | 0.56%             | 2029-05-02      | Fixed         | 5.43%                 | Yes           | 2                  | On Loan: No      |
| Pepsico Inc                                               | PepsiCo, Inc. 3.9%, Due 07/18/2032                                                  | CUSIP: 713448FM5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1069481.94   | 0.57%             | 2032-07-18      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4684                                                       | CUSIP: 31418EF21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    388142 | PA      | $374907.49    | 0.20%             | 2052-06-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Clearinghouse Community Development Financial Institution | Clearinghouse Community Development Financial Institution                           | CUSIP: 184917AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014750.00   | 0.54%             | 2030-10-15      | Fixed         | 7.00%                 | No            | N/A                | On Loan: No      |
| Munich Reinsurance AG                                     | Muenchener Rueckversicherungs-Gesellschaft A.G. in Muenchen 5.875% until 11/23/2031 | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1034709.78   | 0.56%             | 2042-05-23      | Fixed         | 5.88%                 | Yes           | 2                  | On Loan: No      |
| AES Corp.                                                 | AES Corporation (The) 2.45%, Due 01/15/2031                                         | CUSIP: 00130HCG8<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $1863731.58   | 1.00%             | 2031-01-15      | Fixed         | 2.45%                 | No            | 2                  | On Loan: No      |
| OPEC Fund for International Development                   | OPEC Fund for International Development (The) 4.5%, Due 01/26/2026                  | CUSIP: 683483AA9<br>LEI: HHX3T53LK1P186EUNV37 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $1000531.34   | 0.54%             | 2026-01-26      | Fixed         | 4.50%                 | Yes           | 2                  | On Loan: No      |
| European Investment Bank                                  | European Investment Bank 0.75%, Due 09/23/2030                                      | CUSIP: 298785JH0<br>LEI: 5493006YXS1U5GIHE750 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $864202.80    | 0.46%             | 2030-09-23      | Fixed         | 0.75%                 | No            | 2                  | On Loan: No      |
| Private Export Funding Corp.                              | Private Export Funding Corporation 4.6%, Due 02/15/2034                             | CUSIP: 742651EB4<br>LEI: CYQE6SAYPFKNQJ6FMH60 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005169.58   | 0.54%             | 2034-02-15      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| FMG Resources (August 2006) Pty Ltd.                      | FMG Resources August 2006 Pty Ltd. 6.125%, Due 04/15/2032                           | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $513355.50    | 0.28%             | 2032-04-15      | Fixed         | 6.12%                 | Yes           | 2                  | On Loan: No      |
| Vivint Solar Fin V 2018                                   | Vivint Solar Financing V, LLC 7.37%, Due 04/30/2048                                 | CUSIP: 92854VAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    314669 | PA      | $302056.50    | 0.16%             | 2048-04-30      | Fixed         | 7.37%                 | Yes           | N/A                | On Loan: No      |
| Centersquare Issuer LLC / Centersquare Co-Issuer LLC      | Centersquare Issuer, LLC 5.5%, Due 03/26/2055                                       | CUSIP: 15201EAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1049942.18   | 0.56%             | 2055-03-26      | Fixed         | 5.50%                 | Yes           | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Pool Pool # RA7211                                                      | CUSIP: 3133KPAL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    160496 | PA      | $150332.43    | 0.08%             | 2052-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| African Development Bank                                  | African Development Bank 5.75%, Fixed until 8/7/2034                                | CUSIP: 008281BF3<br>LEI: 549300LNCLMO3ITVCU07 | Long             | DBT              | NUSS              | US        |   1000000 | PA      | $1001670.30   | 0.54%             | N/A             | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| American Homes 4 Rent L P                                 | American Homes 4 Rent, L.P. 5.5%, Due 02/01/2034                                    | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027260.80   | 0.55%             | 2034-02-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| COMM 2025-167G MORTGAGE TRUST                             | COMM 2025-167G Mortgage Trust 5.50268%, Due 08/10/2040                              | CUSIP: 12674VAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $276988.47    | 0.15%             | 2040-08-10      | Fixed         | 5.50%                 | Yes           | 2                  | On Loan: No      |
| Apple Inc.                                                | Apple, Inc. 3%, Due 06/20/2027                                                      | CUSIP: 037833CX6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987933.55    | 0.53%             | 2027-06-20      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Eli Lilly & Co.                                           | Eli Lilly & Company 5.55%, Due 10/15/2055                                           | CUSIP: 532457DF2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124385.46    | 0.07%             | 2055-10-15      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| NYC COMMERCIAL MORTGAGE TRUST 2025-300P                   | NYC Trust 2025-300P 6.161%, Due 07/13/2042                                          | CUSIP: 67121TAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $454932.00    | 0.24%             | 2042-07-13      | Variable      | 6.16%                 | Yes           | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # FS1533                                                       | CUSIP: 3140XGV30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2252364 | PA      | $1978186.25   | 1.06%             | 2052-04-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| GPS Blue Fing DAC CLA                                     | GPS Blue Financing DAC 5.645%, Due 11/09/2041                                       | CUSIP: 38403FAA7<br>LEI: 635400J1S8CE6RWLCE97 | Long             | DBT              | CORP              | IE        |   1000000 | PA      | $991300.00    | 0.53%             | 2041-11-09      | Fixed         | 5.64%                 | Yes           | 2                  | On Loan: No      |
| TerraForm Power                                           | TerraForm Power Operating, LLC Floating Rate, Due 05/30/2029                        | CUSIP: 88103NAL4<br>LEI: 5493000S2OLR3UT5BE13 | Long             | LON              | CORP              | US        |    646750 | PA      | $647154.22    | 0.35%             | 2029-05-30      | Floating      | 6.30%                 | No            | 2                  | On Loan: No      |
| WLB Asset VII Pte. Ltd.                                   | WLB Asset VII Pte Ltd. 5.88%, Due 07/30/2029                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | MU        |    500000 | PA      | $510683.73    | 0.27%             | 2029-07-30      | Fixed         | 5.88%                 | Yes           | N/A                | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Pool Pool # SD1844                                                      | CUSIP: 3132DPBM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |    529540 | PA      | $462646.31    | 0.25%             | 2052-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                 | NextEra Energy Operating Partners, L.P. 7.25%, Due 01/15/2029                       | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1016000 | PA      | $1038386.54   | 0.56%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           | 2                  | On Loan: No      |
| Preservation of Affordable Housing Inc.                   | Preservation Of Affordable Housing, Inc. 4.479%, Due 12/01/2032                     | CUSIP: 74082VAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $937964.60    | 0.50%             | 2032-12-01      | Fixed         | 4.48%                 | No            | N/A                | On Loan: No      |
| UNITED NATIONS DEV CORP N Y                               | United Nations Development Corporation 6.536%, Due 08/01/2055                       | CUSIP: 911157MF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $415600.92    | 0.22%             | 2055-08-01      | Fixed         | 6.54%                 | No            | 2                  | On Loan: No      |
| 200 PK Funding Trust                                      | 200 Park Funding Trust 5.74%, Due 02/15/2055                                        | CUSIP: 901928AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    975000 | PA      | $956960.29    | 0.51%             | 2055-02-15      | Fixed         | 5.74%                 | Yes           | 2                  | On Loan: No      |
| Vistra Zero Operating Company                             | Vistra Zero Operating Company, LLC Floating Rate, Due 04/30/2031                    | CUSIP: 92841DAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    548250 | PA      | $546194.06    | 0.29%             | 2031-04-30      | Floating      | 6.32%                 | No            | 2                  | On Loan: No      |
| GOODLEAP SUSTAINABLE HOME SOLUTIONS                       | GoodLeap Sustainable Home Solutions Trust 2023-1 5.52%, Due 02/22/2055              | CUSIP: 38237VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    899621 | PA      | $850965.52    | 0.46%             | 2055-02-22      | Fixed         | 5.52%                 | Yes           | 2                  | On Loan: No      |
| Federal Home Loan Mortgage Corp.                          | Freddie Mac Pool Pool # SD8220                                                      | CUSIP: 3132DWDZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |     78688 | PA      | $68401.60     | 0.04%             | 2052-06-01      | Fixed         | 3.00%                 | No            | 2                  | On Loan: No      |
| Crowley Blue Water Partners LLC                           | Vessel Management Services, Inc. 3.477%, Due 01/16/2037                             | CUSIP: 228027AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    764000 | PA      | $685051.91    | 0.37%             | 2037-01-16      | Fixed         | 3.48%                 | No            | 2                  | On Loan: No      |
| USAA Capital Corp.                                        | USAA Capital Corporation 2.125%, Due 05/01/2030                                     | CUSIP: 90327QD55<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $916150.21    | 0.49%             | 2030-05-01      | Fixed         | 2.12%                 | Yes           | 2                  | On Loan: No      |
| Starwood Property Trust, Inc.                             | Starwood Property Trust, Inc. 6.5%, Due 10/15/2030                                  | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |    803000 | PA      | $830918.70    | 0.45%             | 2030-10-15      | Fixed         | 6.50%                 | Yes           | 2                  | On Loan: No      |
| ConocoPhillips Co.                                        | ConocoPhillips Company 5.05%, Due 09/15/2033                                        | CUSIP: 20826FBF2<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510591.21    | 0.27%             | 2033-09-15      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                  | Minnesota Housing Finance Agency 5.947%, Due 08/01/2054                             | CUSIP: 60416UGL3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    750000 | PA      | $748308.75    | 0.40%             | 2054-08-01      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4784                                                       | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    203989 | PA      | $197517.38    | 0.11%             | 2052-10-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA4783                                                       | CUSIP: 31418EJ50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    718012 | PA      | $672192.05    | 0.36%             | 2052-10-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Raizen Fuels Finance SA                                   | Raizen Fuels Finance S.A. 6.95%, Due 03/05/2054                                     | CUSIP: 75102XAC0<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   1075000 | PA      | $993232.28    | 0.53%             | 2054-03-05      | Fixed         | 6.95%                 | Yes           | 2                  | On Loan: No      |
| COLUMBUS OHIO MET HSG AUTH                                | Columbus Metropolitan Housing Authority 5.05%, Due 04/01/2030                       | CUSIP: 19951AAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503744.10    | 0.27%             | 2030-04-01      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| United States Treasury Notes                              | United States Treasury Note 3.625%, Due 08/15/2028                                  | CUSIP: 91282CNU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1162000 | PA      | $1163316.33   | 0.62%             | 2028-08-15      | Fixed         | 3.62%                 | No            | 1                  | On Loan: No      |
| Air Canada                                                | Air Canada 2020-2 Class A Pass Through Trust 5.25%, Due 04/01/2029                  | CUSIP: 00909DAA1<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | ABS-O            | CORP              | CA        |    472032 | PA      | $477687.47    | 0.26%             | 2029-04-01      | Fixed         | 5.25%                 | Yes           | 2                  | On Loan: No      |
| Wynnton Funding Trust II                                  | Wynnton Funding Trust II 5.991%, Due 08/15/2055                                     | CUSIP: 983197AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1070234.82   | 0.57%             | 2055-08-15      | Fixed         | 5.99%                 | Yes           | 2                  | On Loan: No      |
| M&T Bank Corporation                                      | M&T BANK CORPORATION 4.833%, FIXED UNTIL 01/16/2028                                 | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011314.38   | 0.54%             | 2029-01-16      | Fixed         | 4.83%                 | No            | 2                  | On Loan: No      |
| Walmart Inc                                               | Walmart, Inc. 1.8%, Due 09/22/2031                                                  | CUSIP: 931142ET6<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $882294.57    | 0.47%             | 2031-09-22      | Fixed         | 1.80%                 | No            | 2                  | On Loan: No      |
| Diamondback Energy Inc                                    | Diamondback Energy, Inc. 5.55%, Due 04/01/2035                                      | CUSIP: 25278XBC2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    650000 | PA      | $657379.01    | 0.35%             | 2035-04-01      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| Wlb Asset VI Pte. Ltd.                                    | WLB Asset VI Pte Ltd. 7.25%, Due 12/21/2027                                         | CUSIP: N/A<br>LEI: 254900M29A8RHZTF4J92       | Long             | DBT              | CORP              | MU        |   1000000 | PA      | $1046524.15   | 0.56%             | 2027-12-21      | Fixed         | 7.25%                 | Yes           | N/A                | On Loan: No      |
| PUBLIC FIN AUTH WIS                                       | Public Finance Authority 5.292%, Due 07/01/2029                                     | CUSIP: 74442PG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512005.45    | 0.27%             | 2029-07-01      | Fixed         | 5.29%                 | No            | 2                  | On Loan: No      |
| MOSAIC SOLAR LOAN TRUST 2022-3                            | Mosaic Solar Loan Trust 2022-3 6.16%, Due 06/20/2053                                | CUSIP: 61946KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    721114 | PA      | $725847.19    | 0.39%             | 2053-06-20      | Fixed         | 6.16%                 | Yes           | 2                  | On Loan: No      |
| WELLS FARGO COMMERICAL 2024-7                             | Wells Fargo Commercial Mortgage Trust 2024-SVEN Floating Rate, Due 06/10/2037       | CUSIP: 949937AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        | 300000000 | PA      | $771360.00    | 0.41%             | 2037-06-10      | Variable      | 0.16%                 | Yes           | N/A                | On Loan: No      |
| Federal National Mortgage Association                     | Fannie Mae Pool Pool # MA5247                                                       | CUSIP: 31418EZM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    236552 | PA      | $241992.07    | 0.13%             | 2054-01-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| FORT WAYNE IND                                            | City of Fort Wayne IN 10.75%, Due 12/01/2029                                        | CUSIP: 34924CAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    234358 | PA      | $23.44        | 0.00%             | 2029-12-01      | Fixed         | 0.00%                 | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller