# EDGAR Filing Document

**Accession Number:** 0001750821
**File Stem:** 0001752724-25-162646
**Filing Date:** 2025-6
**Character Count:** 100957
**Document Hash:** d22b56cb529f2d0e90f992252fcf7b4e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162646.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162646

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Exchange Place Advisors Trust
- **CENTRAL INDEX KEY:** 0001750821

**ORGANIZATION NAME:**
- **EIN:** 462828241
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23373
- **FILM NUMBER:** 251089237

**BUSINESS ADDRESS:**
- **STREET 1:** 10 SOUTH LASALLE STREET, SUITE 1925
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (312) 857-2160

**MAIL ADDRESS:**
- **STREET 1:** 10 SOUTH LASALLE STREET, SUITE 1925
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** North Square Investments Trust
- **DATE OF NAME CHANGE:** 20180821

## Series and Classes Contracts Data

### North Square Strategic Income Fund (Series ID: S000067945)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000217841 | Class A      | ADVAX           |
| C000217842 | Class I      | ADVNX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Exchange Place Advisors Trust

- **b. Investment Company Act file number:** 811-23373

- **c. CIK number of Registrant:** 0001750821

- **d. LEI of Registrant:** 549300K2CKCXH4E67T58

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

  - **Street Address 1:** 200 West Madison St

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-857-2160

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

- **a. Name of Series:** NORTH SQUARE STRATEGIC INCOME FUND

- **b. EDGAR series identifier (if any):** S000067945

- **c. LEI of Series:** 549300CK62QE77H6G155

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $397568381.68

**Total Liabilities:** $1610634.45

**Net Assets:** $395957747.23

**Cash Not Reported:** $5677516.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 567.20311046 | **1-Year:** 3600.24194297 | **5-Year:** 39575.04334754 | **10-Year:** 75156.94527640 | **30-Year:** 1171.26887196

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

- **3-Month:** 563.82343396 | **1-Year:** 2945.90017799 | **5-Year:** 2654.76130259 | **10-Year:** 5964.39810570 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217841 | -2.68%               | -3.05%               | -1.41%               |
| Class ID C000217842 | 1.18%                | 0.75%                | 2.44%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $75189.01                | $2145535.06                                |
| Month 2  | $-88108.80               | $-159662.74                                |
| Month 3  | $454276.51               | $716070.80                                 |

**Designated Index Information**

- **Index Name:** NS STRATEGIC INCOME FUND

- **Index Identifier:** 6111

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DQQ33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2566045 | PA      | $2578131.45   | 0.65%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DUY76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2082806 | PA      | $2118346.47   | 0.53%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rogers Communications Inc.                                                               | Rogers Communications Inc                                             | CUSIP: 775109DH1<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | US        |   3975000 | PA      | $3963143.29   | 1.00%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Emera Inc                                                                                | Emera, Inc.                                                           | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2509633.78   | 0.63%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                           | Citigroup, Inc.                                                       | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2625525.82   | 0.66%             | N/A             | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 31427MMW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1957475 | PA      | $1919843.40   | 0.48%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DT4L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2078896 | PA      | $2130340.48   | 0.54%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136BBTB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1278201 | PA      | $1212520.66   | 0.31%             | 2028-09-25      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                                | AerCap Ireland Capital DAC                                            | CUSIP: 00774MBQ7<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1947186.42   | 0.49%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                                                       | Hexcel Corp                                                           | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    700000 | PA      | $690077.63    | 0.17%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                                                      | Citigroup Commercial Mortgage Trust 2020-555                          | CUSIP: 17328EAQ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  72000000 | PA      | $2264983.20   | 0.57%             | 2029-12-10      | Variable      | 0.86%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DQWL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2988830 | PA      | $2932221.88   | 0.74%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fremf 2012 Kf01 Mortgage Trust                                                           | FREMF 2016-K59 Mortgage Trust                                         | CUSIP: 30295RAN1<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        | 282070177 | PA      | $259053.25    | 0.07%             | 2049-11-25      | Fixed         | 0.10%                 | Yes           |                  2 | On Loan: No      |
| Carlisle Companies Inc.                                                                  | Carlisle Cos., Inc.                                                   | CUSIP: 142339AL4<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | DBT              | CORP              | US        |    850000 | PA      | $704712.99    | 0.18%             | 2032-03-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | 2 Year US Treasury Note Future                                        | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       396 | NS      | $479892.65    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                   | 10 Year US Treasury Note Future                                       | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       333 | NS      | $462523.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Mortgage Trust                                                                | COMM 2010-C1 Mortgage Trust                                           | CUSIP: 12622DAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1817249 | PA      | $1773139.70   | 0.45%             | 2046-07-10      | Variable      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380RQU7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   7040703 | PA      | $525856.76    | 0.13%             | 2063-05-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Discover Financial Services Inc.                                                         | Discover Financial Services                                           | CUSIP: 254709AQ1<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |   4750000 | PA      | $4753270.85   | 1.20%             | N/A             | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140W0AN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1102829 | PA      | $1120682.92   | 0.28%             | 2054-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Exchange Place Advisors Trust                                                            | North Square RCIM Tax-Advantaged  Preferred and Income Securities ETF | CUSIP: 301471108<br>LEI: 549300K2CKCXH4E67T58 | Long             | EC               | RF                | US        |    100000 | NS      | $2475910.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                                                                       | Kinross Gold Corp.                                                    | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |    214985 | NS      | $3173178.60   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                                                           | ING Groep NV                                                          | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   4385000 | PA      | $3962191.28   | 1.00%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Long Beach Mortgage Loan Trust                                                           | Long Beach Mortgage Loan Trust 2005-1                                 | CUSIP: 542514KC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    714169 | PA      | $695849.46    | 0.18%             | 2035-02-25      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                       | T-Mobile USA Inc                                                      | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $932019.56    | 0.24%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| CITIGROUP COMMERCIAL MORTGAGE TRUST                                                      | Citigroup Commercial Mortgage Trust Series 2014-GC23, Class D         | CUSIP: 17322VAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2304380 | PA      | $2195106.35   | 0.55%             | 2047-07-10      | Variable      | 4.66%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool SD3662                                               | CUSIP: 3132E0B76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2805410 | PA      | $2816674.24   | 0.71%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ameriquest Mortgage Securities Inc Asset Backed Pass-Through Certificates Series 2005-R7 | Asset-Backed Pass-Through Certs Series 2004-R2                        | CUSIP: 03072SPH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    152869 | PA      | $151679.70    | 0.04%             | 2034-04-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FTG43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   7570000 | PA      | $585871.07    | 0.15%             | 2030-04-25      | Variable      | 1.80%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | UMBS Fannie Mae Pool                                                  | CUSIP: 3140NCTZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2278922 | PA      | $2244983.06   | 0.57%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380MYE5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  36542866 | PA      | $3188058.08   | 0.81%             | 2060-11-16      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                                         | NRG Energy, Inc.                                                      | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2192983.34   | 0.55%             | N/A             | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XS98<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4821200 | PA      | $4404014.22   | 1.11%             | 2053-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                                                             | Cadence Design Systems Inc                                            | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |    800000 | PA      | $784181.33    | 0.20%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage A                                        | CUSIP: 36179XXY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2064781 | PA      | $1760005.30   | 0.44%             | 2053-04-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                                                   | Bloomberg IG Duration Hedged Credit Futures                           | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DE               | CORP              | US        |       -50 | NS      | $25.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                                                 | AT&T, Inc.                                                            | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $908107.37    | 0.23%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | pool # SD8243                                                         | CUSIP: 3132DWEQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3914532 | PA      | $3528317.96   | 0.89%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NetApp Inc.                                                                              | NetApp Inc                                                            | CUSIP: 64110DAK0<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |    850000 | PA      | $764233.33    | 0.19%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                             | United States Treasury Note/Bond                                      | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2885000 | PA      | $2922245.81   | 0.74%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                                                             | MetLife Inc                                                           | CUSIP: 59156RCA4<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4949984.00   | 1.25%             | N/A             | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                                                              | Capital One Financial Corp                                            | CUSIP: 14040HCF0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2856959.10   | 0.72%             | N/A             | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                               | Constellation Brands Inc                                              | CUSIP: 21036PBL1<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    675000 | PA      | $661745.97    | 0.17%             | 2032-05-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137BKH29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  22506663 | PA      | $829762.13    | 0.21%             | 2033-07-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XS72<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5683918 | PA      | $4880452.00   | 1.23%             | 2053-02-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XVM5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3234754 | PA      | $2757281.65   | 0.70%             | 2053-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                              | Vistra Corp                                                           | CUSIP: 92840MAD4<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3206369.14   | 0.81%             | N/A             | Fixed         | 8.87%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132E06G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5267398 | PA      | $5456605.91   | 1.38%             | 2053-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140QPR90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1948977 | PA      | $1690897.86   | 0.43%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern Co.                                                                             | Southern Co./The                                                      | CUSIP: 842587EB9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4084836.00   | 1.03%             | 2055-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| J P Morgan Chase Commercial Mortgage Securities Trust 2019-MFP                           | J.P. Morgan Chase Commercial Mortgage                                 | CUSIP: 46651MAN6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2970000 | PA      | $2836322.68   | 0.72%             | 2036-07-15      | Floating      | 6.53%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140XRLY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4789147 | PA      | $4581210.02   | 1.16%             | 2054-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Aegis Asset Backed Securities Trust Mortgage Pass Through Certificates Series 2003 3     | Aegis Asset Backed Securities Trust 2005-2                            | CUSIP: 00764MFD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    909026 | PA      | $865772.19    | 0.22%             | 2035-06-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.                                                                    | Cardinal Health Inc                                                   | CUSIP: 14149YBP2<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    750000 | PA      | $758141.02    | 0.19%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Acuity Brands Lighting, Inc.                                                             | Acuity Brands Lighting Inc                                            | CUSIP: 00510RAD5<br>LEI: 549300OTPVPFLUC38K21 | Long             | DBT              | CORP              | US        |    850000 | PA      | $739193.05    | 0.19%             | 2030-12-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| First American Funds Inc.                                                                | First American Treasury Obligations Fund                              | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  24328910 | PA      | $24328909.61  | 6.14%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co, Inc.                                                         | American Electric Power Co Inc                                        | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2016860.00   | 0.51%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FWHX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   3332000 | PA      | $245010.62    | 0.06%             | 2030-08-25      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma PLC                                                                       | Royalty Pharma PLC                                                    | CUSIP: 78081BAN3<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | US        |    900000 | PA      | $758297.62    | 0.19%             | 2031-09-02      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Independence Plaza Trust                                                                 | Independence Plaza Trust 2018-INDP                                    | CUSIP: 45378YAN4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1474365.00   | 0.37%             | 2035-07-12      | Fixed         | 4.16%                 | Yes           |                  2 | On Loan: No      |
| Reliance Inc                                                                             | Reliance Inc                                                          | CUSIP: 759509AG7<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |    850000 | PA      | $747419.54    | 0.19%             | 2030-08-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | Ultra 10 Year US Treasury Note Future                                 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       194 | NS      | $282509.55    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                                                | Adobe Inc                                                             | CUSIP: 00724PAJ8<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |    750000 | PA      | $773916.96    | 0.20%             | 2030-01-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380RET3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  48551698 | PA      | $3500227.85   | 0.88%             | 2062-09-16      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| Kinross Gold Corp.                                                                       | Kinross Gold Corp                                                     | CUSIP: 496902AT4<br>LEI: 549300UEBMAQDN0K0R06 | Long             | DBT              | CORP              | US        |    700000 | PA      | $736461.37    | 0.19%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                                              | Dick's Sporting Goods Inc                                             | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    750000 | PA      | $657296.63    | 0.17%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137BXR46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  30000000 | PA      | $276201.00    | 0.07%             | 2027-03-25      | Variable      | 0.47%                 | No            |                  2 | On Loan: No      |
| Bx Trust 2017-Appl                                                                       | BXP Trust 2017-CQHP                                                   | CUSIP: 12433QAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1814670 | PA      | $1753622.14   | 0.44%             | 2034-11-15      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Tapestry Inc                                                                             | Tapestry Inc                                                          | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    650000 | PA      | $653007.19    | 0.16%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                      | CDX.NA.IG SERIES 44                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |  90000000 | PA      | $-1400964.21  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380RUJ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  11177990 | PA      | $792227.72    | 0.20%             | 2063-05-16      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                                       | Energy Transfer LP                                                    | CUSIP: 29273VAJ9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2891302.20   | 0.73%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fox Corporation                                                                          | Fox Corp                                                              | CUSIP: 35137LAL9<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    750000 | PA      | $707579.42    | 0.18%             | 2030-04-08      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                         | Duke Energy Corp.                                                     | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2511505.00   | 0.63%             | 2054-09-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | US 3YR NOTE (CBT) Jun25                                               | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |        22 | NS      | $58165.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC                                                                 | Lloyds Banking Group PLC                                              | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1650000 | PA      | $1695639.00   | 0.43%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                              | CME Mexican Peso Currency Future                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DFE              | CORP              | US        |      -126 | NS      | $-156627.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae Pool                                                       | CUSIP: 31418FFZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3536659 | PA      | $3290108.52   | 0.83%             | 2055-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3133KNQU0<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   2497275 | PA      | $1987617.90   | 0.50%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38380P8N7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  19690718 | PA      | $1804614.90   | 0.46%             | 2060-09-16      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                                                                   | Agnico Eagle Mines Ltd.                                               | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     25871 | NS      | $3041912.18   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerzbank AG                                                                           | Commerzbank AG                                                        | CUSIP: D1706CHH0<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |   1800000 | PA      | $1944579.08   | 0.49%             | N/A             | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | pool # SD6956                                                         | CUSIP: 3132DUWR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3950014 | PA      | $3871951.49   | 0.98%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hi-Fi Music IP Issuer II LP                                                              | HI-FI Music IP Issuer LP                                              | CUSIP: 428357AA5<br>LEI: 635400VMUHJZERQEGT10 | Long             | ABS-O            | CORP              | US        |   2680000 | PA      | $2602698.62   | 0.66%             | 2062-02-01      | Fixed         | 3.94%                 | Yes           |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                                                          | Regeneron Pharmaceuticals Inc                                         | CUSIP: 75886FAE7<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |    900000 | PA      | $769746.63    | 0.19%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3142GSRU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3925930 | PA      | $3924935.10   | 0.99%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | pool # SL0538                                                         | CUSIP: 31427MS44<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1995811 | PA      | $1998691.09   | 0.50%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CF Industries, Inc.                                                                      | CF Industries Inc                                                     | CUSIP: 12527GAH6<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    550000 | PA      | $549295.10    | 0.14%             | 2026-12-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                             | UBS Group AG                                                          | CUSIP: H42097CB1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3435358.00   | 0.87%             | N/A             | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                                  | MPLX LP                                                               | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    750000 | PA      | $725067.56    | 0.18%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust 2014-C17                              | Morgan Stanley Bank of America Merrill Lynch Tr                       | CUSIP: 61763UAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2268335 | PA      | $2211195.71   | 0.56%             | 2047-08-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae Pool                                                       | CUSIP: 3140A04E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    848339 | PA      | $864482.09    | 0.22%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136B7FY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   2739861 | PA      | $101343.62    | 0.03%             | 2029-03-26      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132E02P6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2815504 | PA      | $2868599.85   | 0.72%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                                                 | Svenska Handelsbanken AB                                              | CUSIP: W9T10ZZQ1<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   2000000 | PA      | $1775222.50   | 0.45%             | N/A             | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Rio Tinto Alcan Inc.                                                                     | Rio Tinto Alcan Inc                                                   | CUSIP: 013716AU9<br>LEI: 2138007ZSQ7B17SKOX77 | Long             | DBT              | CORP              | US        |    775000 | PA      | $832799.42    | 0.21%             | 2033-12-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Ingredion Incorporated                                                                   | Ingredion Inc                                                         | CUSIP: 219023AC2<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | DBT              | CORP              | US        |    600000 | PA      | $658436.42    | 0.17%             | 2037-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Wesdome Gold Mines Ltd.                                                                  | Wesdome Gold Mines, Ltd.                                              | CUSIP: 95083R100<br>LEI: 529900DCBALMLHZPLR10 | Long             | EC               | CORP              | CA        |    251499 | NS      | $3088407.72   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                                                                           | Citigroup Inc                                                         | CUSIP: 172967JM4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1899364.01   | 0.48%             | N/A             | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137HAMT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        | 120584367 | PA      | $558004.16    | 0.14%             | 2028-09-25      | Variable      | 0.09%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137F9Z20<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1715000 | PA      | $208245.42    | 0.05%             | 2049-02-25      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FUZF4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   1835000 | PA      | $250230.69    | 0.06%             | 2048-04-25      | Variable      | 3.18%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                                      | Dominion Energy Inc 6.625 05/15/55                                    | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2464222.50   | 0.62%             | 2055-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc.                                                                | Agilent Technologies, Inc.                                            | CUSIP: 00846UAN1<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $961409.20    | 0.24%             | 2031-03-12      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured  Pass Through Certificates         | CUSIP: 3137HKXF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  12044000 | PA      | $710720.05    | 0.18%             | 2032-01-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                                                     | Las Vegas Sands Corp                                                  | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    700000 | PA      | $709247.74    | 0.18%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Impac CMB Trust                                                                          | Impac CMB Trust Series 2005-4                                         | CUSIP: 45254NPG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    854053 | PA      | $804534.02    | 0.20%             | 2035-05-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| KAPITUS ASSET SECURITIZATION IV LLC                                                      | Kapitus Asset Securitization IV LLC                                   | CUSIP: 48555MAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3580000 | PA      | $3577071.56   | 0.90%             | 2031-09-10      | Fixed         | 5.49%                 | Yes           |                  2 | On Loan: No      |
| CYRUSONE DATA CENTERS ISSUER I LLC                                                       | CyrusOne Data Centers Issuer I LLC                                    | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5037000 | PA      | $4874093.35   | 1.23%             | 2029-05-20      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| J P Morgan Mortgage Acquisition Corporation                                              | JP Morgan Mortgage Acquisition Trust 2006-CH1                         | CUSIP: 46629TAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121441 | PA      | $121033.42    | 0.03%             | 2036-07-25      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140XDMS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5140011 | PA      | $4639675.34   | 1.17%             | 2051-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FAWW4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |  30893000 | PA      | $311676.39    | 0.08%             | 2027-08-25      | Variable      | 0.47%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FTFU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  37006186 | PA      | $765276.83    | 0.19%             | 2027-01-25      | Variable      | 1.49%                 | No            |                  2 | On Loan: No      |
| South Bow Canadian Infrastructure Holdings Ltd.                                          | South Bow Canadian Infrastructure Holdings Ltd                        | CUSIP: 836720AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1967951.60   | 0.50%             | 2055-03-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Coterra Energy Inc                                                                       | Coterra Energy Inc                                                    | CUSIP: 127097AL7<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    550000 | PA      | $541903.71    | 0.14%             | 2034-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                                   | Diamondback Energy Inc                                                | CUSIP: 25278XAV1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    550000 | PA      | $574654.51    | 0.15%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38381MEH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  58466736 | PA      | $3275891.19   | 0.83%             | 2066-10-16      | Variable      | 0.55%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                                                 | Devon Energy Corp                                                     | CUSIP: 251799AA0<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $555904.79    | 0.14%             | 2032-04-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Comm 2015-CCRE23 Mortgage Trust                                                          | COMM 2015-CCRE23 Mortgage Trust                                       | CUSIP: 12593ABF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3900000 | PA      | $3724188.00   | 0.94%             | 2048-05-10      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Centerpoint Energy Inc                                                                   | CenterPoint Energy Inc                                                | CUSIP: 15189TBJ5<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3003079.20   | 0.76%             | 2055-02-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Skymiles IP Ltd. & Delta Air Lines Inc.                                                  | Delta Air Lines Inc / SkyMiles IP Ltd                                 | CUSIP: 830867AB3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    700000 | PA      | $695929.28    | 0.18%             | 2028-10-20      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Zoetis Inc.                                                                              | Zoetis Inc                                                            | CUSIP: 98978VAS2<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $932833.26    | 0.24%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Idex Corporation                                                                         | IDEX Corp                                                             | CUSIP: 45167RAG9<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | DBT              | CORP              | US        |    775000 | PA      | $710152.50    | 0.18%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust 2011-C2                                                   | Morgan Stanley Capital I Trust 2011-C2                                | CUSIP: 617459AJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    551676 | PA      | $548752.48    | 0.14%             | 2044-06-15      | Variable      | 5.21%                 | Yes           |                  2 | On Loan: No      |
| MORGAN STANLEY BANK OF AMERICA MERRILL LYNCH TRUST                                       | Morgan Stanley Bank of America Merrill Lynch Tr                       | CUSIP: 61761AAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3402688 | PA      | $3338206.96   | 0.84%             | 2045-08-15      | Variable      | 4.57%                 | Yes           |                  2 | On Loan: No      |
| BXHPP LTD                                                                                | BXHPP Trust 2021-FILM                                                 | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2872393.20   | 0.73%             | 2036-08-15      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140MSU52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2346605 | PA      | $2302447.93   | 0.58%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137HCKP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  49208000 | PA      | $1093416.52   | 0.28%             | 2031-02-25      | Variable      | 0.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                      | S&P500 EMINI OPTN JUN25C ESM5C 5800 Index                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |       400 | NS      | $1355000.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137FTZU4<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   7249000 | PA      | $573693.83    | 0.14%             | 2030-04-25      | Variable      | 1.85%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                                                   | Truist Financial Corp                                                 | CUSIP: 89832QAE9<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2885845.68   | 0.73%             | N/A             | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                                   | Freddie Mac Multifamily Structured Pass Through Certificates          | CUSIP: 3137HAD94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        | 125870000 | PA      | $595352.51    | 0.15%             | 2033-05-25      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Sysco Corporation                                                                        | Sysco Corp                                                            | CUSIP: 871829BQ9<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $866947.13    | 0.22%             | 2031-12-14      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                              | CME Japanese Yen Currency Future                                      | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Long             | DFE              | CORP              | US        |       207 | NS      | $364475.62    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                                                               | Kirby Corp                                                            | CUSIP: 497266AC0<br>LEI: I7NO6FZO5GUCG585T325 | Long             | DBT              | CORP              | US        |    700000 | PA      | $690265.11    | 0.17%             | 2028-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140NKEX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2581772 | PA      | $2534587.99   | 0.64%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corporation                                                            | Boston Scientific Corp                                                | CUSIP: 101137BA4<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | DBT              | CORP              | US        |    800000 | PA      | $735795.23    | 0.19%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137F84U4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  15350000 | PA      | $1811513.37   | 0.46%             | 2030-11-25      | Variable      | 2.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY CAPITAL I TRUST                                                           | Morgan Stanley Capital I Trust 2014-150E                              | CUSIP: 61764BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800000 | PA      | $1601404.02   | 0.40%             | 2032-09-09      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| HSI Asset Securitization Corporation Trust                                               | HSI Asset Securitization Corp Trust 2006-OPT3                         | CUSIP: 40430HFM5<br>LEI: 2138004J9K5ER1VNP306 | Long             | ABS-O            | CORP              | US        |    138226 | PA      | $136257.92    | 0.03%             | 2036-02-25      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| The Clorox Company                                                                       | Clorox Co/The                                                         | CUSIP: 189054AX7<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $875949.32    | 0.22%             | 2030-05-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3133KQPS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1808716 | PA      | $1728658.24   | 0.44%             | 2053-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust 2015 101A                                            | Citigroup Commercial Mortgage Trust 2015-101A                         | CUSIP: 17290MAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  26130000 | PA      | $2096833.21   | 0.53%             | 2043-01-14      | Variable      | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | US Treasury Long Bond Future                                          | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |      -364 | NS      | $90890.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137F84K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   2750000 | PA      | $325257.08    | 0.08%             | 2049-01-25      | Variable      | 2.63%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                                      | NextEra Energy Capital Holdings Inc                                   | CUSIP: 65339KDF4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2520125.00   | 0.64%             | 2055-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | UMBS Freddie Mac Pool RJ1514                                          | CUSIP: 3132DQAZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2853976 | PA      | $2875868.88   | 0.73%             | 2054-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Church & Dwight Co Inc.                                                                  | Church & Dwight Co Inc                                                | CUSIP: 17136MAA0<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $862632.43    | 0.22%             | 2031-12-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                                                    | General Motors Financial Co Inc                                       | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2371000 | PA      | $2212730.30   | 0.56%             | N/A             | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust                                   | JP Morgan Chase Commercial Mortgage Sec                               | CUSIP: 46637TAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2789433 | PA      | $2627924.73   | 0.66%             | 2030-05-05      | Fixed         | 3.91%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XFE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2396483 | PA      | $2120682.43   | 0.54%             | 2052-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137H4C73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  57164965 | PA      | $1586293.48   | 0.40%             | 2031-10-25      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136B9EF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   3646771 | PA      | $123001.57    | 0.03%             | 2028-08-25      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                            | NiSource Inc                                                          | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1956204.00   | 0.49%             | 2055-03-31      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| New Gold, Inc.                                                                           | New Gold, Inc.                                                        | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |    906740 | NS      | $3608825.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                                                                             | Gartner, Inc.                                                         | CUSIP: 366651AC1<br>LEI: PP55B5R38BFB8O8HH686 | Long             | DBT              | CORP              | US        |    800000 | PA      | $789230.56    | 0.20%             | 2028-07-01      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                                             | UBS Group AG                                                          | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $968799.14    | 0.24%             | N/A             | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137H5FY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    554239 | PA      | $528034.36    | 0.13%             | 2027-12-25      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multifamily Structured Pass Through                       | CUSIP: 3137FXQS0<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |   3455000 | PA      | $433329.21    | 0.11%             | 2030-10-25      | Variable      | 2.73%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                                    | Bank of America Corp                                                  | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501480.26    | 0.13%             | N/A             | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Altagas Ltd                                                                              | AltaGas Ltd                                                           | CUSIP: 021361AD2<br>LEI: 2549008X5V70MOS4HM10 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2447791.00   | 0.62%             | 2054-10-15      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| Enbridge Inc.                                                                            | Enbridge Inc                                                          | CUSIP: 29250NCF0<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1992875.00   | 0.50%             | 2054-06-27      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                                                   | Reynolds American Inc.                                                | CUSIP: 761713AT3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |    600000 | PA      | $657266.10    | 0.17%             | 2037-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137BPCR8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |  17464177 | PA      | $50691.52     | 0.01%             | 2026-01-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| BorgWarner Inc.                                                                          | BorgWarner Inc                                                        | CUSIP: 099724AP1<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |    650000 | PA      | $653570.03    | 0.17%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                                            | Netflix Inc                                                           | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    900000 | PA      | $919327.87    | 0.23%             | 2030-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DUQR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2949673 | PA      | $2886572.05   | 0.73%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage A                                        | CUSIP: 36179XBP0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2198261 | PA      | $1791661.12   | 0.45%             | 2052-07-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                        | Wells Fargo & Co                                                      | CUSIP: 949746RN3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2993657.10   | 0.76%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Darden Restaurants, Inc.                                                                 | Darden Restaurants, Inc.                                              | CUSIP: 237194AN5<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    650000 | PA      | $690697.89    | 0.17%             | 2033-10-10      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                                   | CME Ultra Long Term US Treasury Bond Future                           | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Short            | DCO              | CORP              | US        |       -19 | NS      | $-35124.05    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Incorporated                                                                    | Comerica Inc                                                          | CUSIP: 200340AU1<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   3226000 | PA      | $3207002.09   | 0.81%             | N/A             | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                   | CMS Energy Corp                                                       | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1954882.00   | 0.49%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3132DQPP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1620976 | PA      | $1621041.85   | 0.41%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                                              | CME E-Mini Standard & Poor's 500 Index Future                         | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | Short            | DE               | CORP              | US        |       -98 | NS      | $-330999.90   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                                   | 5 Year US Treasury Note Future                                        | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |      1052 | NS      | $1428026.18   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                                             | Broadcom Inc                                                          | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    850000 | PA      | $758290.47    | 0.19%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                           | Mexican Bonos                                                         | CUSIP: P4R07XP34<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  65000000 | PA      | $3161348.47   | 0.80%             | 2027-03-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Pool                                                      | CUSIP: 3133KPDE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   4141216 | PA      | $3858945.56   | 0.97%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140XHB30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2472432 | PA      | $2061810.34   | 0.52%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                        | NatWest Group PLC                                                     | CUSIP: 639057AD0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2493737.40   | 0.63%             | N/A             | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae Pool                                                       | CUSIP: 3140A1VM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4030600 | PA      | $4089708.97   | 1.03%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                                 | O'Reilly Automotive Inc                                               | CUSIP: 67103HAH0<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    700000 | PA      | $683359.72    | 0.17%             | 2029-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | FHLMC Multifamily Structured Pass Through Certs                       | CUSIP: 3137H2P57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |  15695757 | PA      | $862249.54    | 0.22%             | 2029-04-27      | Variable      | 2.01%                 | No            |                  2 | On Loan: No      |
| KeyCorp                                                                                  | KeyCorp                                                               | CUSIP: 493267AK4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2616348.60   | 0.66%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Ginnie Mae II Pool                                                    | CUSIP: 36179XDB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1771910 | PA      | $1567845.75   | 0.40%             | 2052-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                                                                   | Motorola Solutions, Inc.                                              | CUSIP: 620076BU2<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    850000 | PA      | $755486.67    | 0.19%             | 2031-05-24      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38379RWL3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |   1287128 | PA      | $61592.67     | 0.02%             | 2056-12-16      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38381DW22<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  43074580 | PA      | $3222534.26   | 0.81%             | 2063-05-16      | Variable      | 0.99%                 | No            |                  2 | On Loan: No      |
| Alamos Gold Inc.                                                                         | Alamos Gold, Inc.                                                     | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    108628 | NS      | $3098070.56   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | UMBS Fannie Mae Pool CB6725                                           | CUSIP: 3140XJKB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3723457 | PA      | $3570132.39   | 0.90%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                             | United States Treasury Note/Bond                                      | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2235000 | PA      | $2287470.11   | 0.58%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                      | Fifth Third Bancorp                                                   | CUSIP: 316773DB3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   4343000 | PA      | $4296722.73   | 1.09%             | N/A             | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corporation                                                                   | CMS Energy Corp                                                       | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2111347.10   | 0.53%             | 2050-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mattel, Inc.                                                                             | Mattel Inc                                                            | CUSIP: 577081BF8<br>LEI: 549300VELLG24KHTJ564 | Long             | DBT              | CORP              | US        |    700000 | PA      | $660054.57    | 0.17%             | 2029-04-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Orla Mining Ltd New                                                                      | Orla Mining Ltd.                                                      | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |    296601 | NS      | $3262611.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                         | Freddie Mac Multiclass Certs Series 2015-P001                         | CUSIP: 3137FQXU2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGA              | US        |   7690000 | PA      | $359173.75    | 0.09%             | 2028-10-27      | Variable      | 1.83%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom International Finance B.V.                                              | Deutsche Telekom International Finance BV                             | CUSIP: 25156PAC7<br>LEI: 529900ERDFHS6C1M4U58 | Long             | DBT              | CORP              | US        |    650000 | PA      | $765036.08    | 0.19%             | 2030-06-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                                                                | COMM 2013-CCRE7 Mortgage Trust                                        | CUSIP: 12625FBC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $326543.88    | 0.08%             | 2046-03-10      | Variable      | 4.24%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                                 | Government National Mortgage Association                              | CUSIP: 38381LYP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |  14250693 | PA      | $938527.84    | 0.24%             | 2066-07-16      | Variable      | 0.68%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                             | Exelon Corp                                                           | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1989919.34   | 0.50%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FBR Securitization Trust                                                                 | FBR Securitization Trust                                              | CUSIP: 30246QCQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    542834 | PA      | $534960.26    | 0.14%             | 2035-11-26      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| COMM 2013-CCRE11 Mortgage Trust                                                          | COMM MORTGAGE TRUST SERIES 2013-CR11, CLASS D                         | CUSIP: 12626LAY8<br>LEI: 549300BCCWSDWINK2593 | Long             | ABS-O            | CORP              | US        |   3062491 | PA      | $2919617.00   | 0.74%             | 2050-08-10      | Variable      | 4.46%                 | Yes           |                  2 | On Loan: No      |
| Imperial Brands Finance Plc                                                              | Imperial Brands Finance PLC                                           | CUSIP: 45262BAG8<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | US        |    650000 | PA      | $668215.49    | 0.17%             | 2030-02-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Paramount Global                                                                         | Paramount Global                                                      | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2310549.95   | 0.58%             | 2057-02-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CGI Inc                                                                                  | CGI Inc                                                               | CUSIP: 12532HAF1<br>LEI: 549300WSRCZY73ZG3090 | Long             | DBT              | CORP              | US        |    900000 | PA      | $773584.62    | 0.20%             | 2031-09-14      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                                                           | Charles Schwab Corp./The                                              | CUSIP: 808513BD6<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   5900000 | PA      | $5895203.30   | 1.49%             | N/A             | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                                                                       | ConocoPhillips Co                                                     | CUSIP: 20826FBL9<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    550000 | PA      | $541619.95    | 0.14%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Renaissance Mortgage Acceptance Corp.                                                    | Renaissance Home Equity Loan Trust 2005-3                             | CUSIP: 75970NBE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    277608 | PA      | $277245.98    | 0.07%             | 2035-11-25      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| JP Morgan Acceptance Corp. 2007 Ch3                                                      | JP Morgan Mortgage Acquisition Trust 2007-CH3                         | CUSIP: 46630XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    303780 | PA      | $299669.92    | 0.08%             | 2037-03-25      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                                    | Fannie Mae-Aces                                                       | CUSIP: 3136BDXP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    131781 | PA      | $130694.47    | 0.03%             | 2033-11-25      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                                                         | Fannie Mae Pool                                                       | CUSIP: 3140QTBF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2495981 | PA      | $2499124.91   | 0.63%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                                             | Citizens Financial Group Inc                                          | CUSIP: 174610AU9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2984929.80   | 0.75%             | N/A             | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| AstraZeneca Finance LLC                                                                  | Astrazeneca Finance LLC                                               | CUSIP: 04636NAB9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    850000 | PA      | $754069.11    | 0.19%             | 2031-05-28      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** Exchange Place Advisors Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer